Liquidity Swings & Sweeps-KawzRelevance:
Liquidity levels & sweeps are crucial for many SMC/ICT setups and can indicate a point at which the price changes direction or may re-trace in an opposite direction to provide additional liquidity for continued move in the original direction. Additionally, liquidity levels may provide targets for setups, as price action will often seek to take out those levels as they main contain many buy/sell stops.
How It Works:
The indicator tracks all swing points, as identified using user-defined strength of the swing. Once a swing is formed that meets the criteria, it is represented by a horizontal line starting at the price of the current swing until the last bar on the chart. While the swing is valid, this line will continue to be extended until the swing is invalid or a new swing is formed. Upon identifying a new swing, the indicator then scans the earlier swings in the same direction looking for a point of greatest liquidity that was taken by the current swing. This level is then denoted by dashed horizontal line, connecting earlier swing point to the current. At the same time any liquidity zones between the two swings are automatically removed from the chart if they had previously been rendered on the chart. If the setting to enable scan for maximum liquidity is enabled, then while looking back, the indicator will look for lowest low or highest high that was taken by the current swing point, which may not be a swing itself, however, is a lowest/highest price point taken (mitigated) by the current swing, which in many cases will be better price then then the one represented by previous swing. If the option to render sweep label is enabled, the sweep line will also be completed by a label, that will score the sweep and a tooltip showing the details of the level swept and the time it took to sweep it. The score explained further in configurability section ranks the strength of the sweep based on time and is complemented by price (difference in price between the two liquidity levels).
Configurability:
A user may configure the strength of the swing using both left/right strength (number of bars) as well as optionally instruct the indicator to seek the lowest/highest price point which may not be previous swing that was taken out by newly formed swing.
From appearance perspective liquidity level colors & line width presenting the liquidity/swing can be configured. There is also an option to render the liquidity sweep label that will generate an icon-based rating of the liquidity sweep and a tooltip that provides details on the scope of the swing, which includes liquidity level swept and when it was formed along with the time it took to sweep the liquidity.
Rating is of sweeps is primarily based on time with a secondary reference to price
💥- Best rating, very strong sweep with an hourly or better liquidity sweep
🔥- Second rating, strong sweep with 15 – 59 minute liquidity sweep, or 5+ minute sweep of 10+ points
✅- Third rating, ok sweep with 5 - 15 minute liquidity sweep, or lower-time-frame sweep of 10+ points
❄️ - Weakest sweep, with liquidity of 5 or less minutes swept
What makes this indicator different:
Designed with high performance in mind, to reduce impact on chart render time.
Only keeps valid liquidity levels & sweeps on the chart
Automatically removes previously taken liquidity levels
Ranks liquidity sweeps to indicate strength of the sweep
Liquidity
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Multi-Timeframe Liquidity LevelsMulti-Timeframe Liquidity Levels – Overview
The Multi-Timeframe Liquidity Levels indicator automatically displays significant highs and lows from various timeframes (Daily, Weekly, Monthly, and Quarterly) on your current chart. This allows traders to quickly identify potential support and resistance zones without frequently switching between different timeframe charts. Additionally, the script offers extra lines for special reference points (e.g., the “Midnight” midpoint of the current day and the previous day’s open/close) to highlight potential liquidity zones even more clearly.
1. Core Idea and Benefits
Time-Saving: Instead of manually reviewing charts in different timeframes, the indicator fetches relevant high/low levels automatically and shows them on your active timeframe.
Clear Layout: Traders instantly see where the Daily, Weekly, Monthly, and Quarterly highs and lows lie—areas often associated with institutional orders or liquidity hunts.
Customizable: You can tailor the color scheme, line style (Solid, Dashed, Dotted), and line width, ensuring the displayed levels fit your personal charting style.
2. How It Works
Multi-Timeframe High/Low
For each timeframe (Day, Week, Month, Quarter), the indicator references the previous candle’s high and low (high , low ).
Using request.security(...), these values are plotted on the chart you’re currently viewing.
Flexible Display
You can individually enable or disable the Daily, Weekly, Monthly, and Quarterly lines, depending on which levels are most relevant to your trading.
With Line Style (Solid, Dashed, Dotted) and Line Width, you can easily emphasize certain lines you consider more important.
Additional Lines
“Midnight” Line: A theoretical midpoint between today’s high and low, which can be useful for gauging daily pivot areas.
Previous Day’s Open/Close: Many traders track these reference points to anticipate market reactions. You can show or hide these lines as desired.
Automatic Line Removal & Creation
When a particular timeframe (e.g., “Show Monthly Levels”) is disabled, the script automatically removes the existing monthly lines.
Enabling it again recreates those lines without hassle.
3. Usage and Interpretation
Identifying Support and Resistance
Highs and lows from higher timeframes are often key zones for entries, exits, or major market reactions.
A Daily level may be crucial for short-term traders, whereas Monthly or Quarterly levels can indicate long-term liquidity areas.
Spotting Market Shifts
If price decisively moves above a Higher-Timeframe line, it could signal strong momentum.
Conversely, a failed breakout (where price quickly returns under or above a level) might warn of a potential reversal.
Extra Lines as Filters
The “Midnight” Line helps visualize a rough central price for the current day, aiding in intraday directional bias.
Previous Day’s Open/Close: Common reference points for day traders, where swift approaches and rejections can indicate potential entries or partial take-profit zones.
4. Practical Tips
Use Color-Coding Wisely: Assign distinct colors (e.g., Blue for Daily, Green for Weekly, Orange for Monthly, Purple for Quarterly) so you can easily discern which timeframe you’re looking at.
Toggle On/Off As Needed: Day traders might focus on Daily and Weekly, while long-term traders may pay closer attention to Monthly and Quarterly.
Combine with Price Action: Lines alone don’t constitute a trading strategy. Use them alongside candlestick patterns, volume analysis, or other indicators for a more complete market perspective.
5. Important Notes & Recommendations
Not Financial Advice: This indicator simply reflects historical high/low data across multiple timeframes and does not constitute a buy or sell recommendation.
Trader Responsibility: Observe how the market actually behaves around these lines and adapt your risk management accordingly.
Volume Delta Candles HTF [TradingFinder] LTF Volume Candles 🔵 Introduction
In financial markets, understanding the concepts of supply and demand and their impact on price movements is of paramount importance. Supply and demand, as fundamental pillars of economics, reflect the interaction between buyers and sellers.
When buyers' strength surpasses that of sellers, demand increases, and prices tend to rise. Conversely, when sellers dominate buyers, supply overtakes demand, causing prices to drop. These interactions play a crucial role in determining market trends, price reversal points, and trading decisions.
Volume Delta Candles offer traders a practical way to visualize trading activity within each candlestick. By integrating data from lower timeframes or live market feeds, these candles eliminate the need for standalone volume indicators.
They present the proportions of buying and selling volume as intuitive colored bars, making it easier to interpret market dynamics at a glance. Additionally, they encapsulate critical metrics like peak delta, lowest delta, and net delta, allowing traders to grasp the market's internal order flow with greater precision.
In financial markets, grasping the interplay between supply and demand and its influence on price movements is crucial for successful trading. These fundamental economic forces reflect the ongoing balance between buyers and sellers in the market.
When buyers exert greater strength than sellers, demand dominates, driving prices upward. Conversely, when sellers take control, supply surpasses demand, and prices decline. Understanding these dynamics is essential for identifying market trends, pinpointing reversal points, and making informed trading decisions.
Volume Delta Candles provide an innovative method for evaluating trading activity within individual candlesticks, offering a simplified view without relying on separate volume indicators. By leveraging lower timeframe or real-time data, this tool visualizes the distribution of buying and selling volumes within a candle through color-coded bars.
This visual representation enables traders to quickly assess market sentiment and understand the forces driving price action. Buyer and seller strength is a critical concept that focuses on the ratio of buying to selling volumes. This ratio not only provides insights into the market's current state but also serves as a leading indicator for detecting potential shifts in trends.
Traders often rely on volume analysis to identify significant supply and demand zones, guiding their entry and exit strategies. Delta Candles translate these complex metrics, such as Maximum Delta, Minimum Delta, and Final Delta, into an easy-to-read visual format using Japanese candlestick structures, making them an invaluable resource for analyzing order flows and market momentum.
By merging the principles of supply and demand with comprehensive volume analysis, tools like the indicator introduced here offer unparalleled clarity into market behavior. This indicator calculates the relative strength of supply and demand for each candlestick by analyzing the ratio of buyers to sellers.
🔵 How to Use
The presented indicator is a powerful tool for analyzing supply and demand strength in financial markets. It helps traders identify the strengths and weaknesses of buyers and sellers and utilize this information for better decision-making.
🟣 Analyzing the Highest Volume Trades on Candles
A unique feature of this indicator is the visualization of price levels with the highest trade volume for each candlestick. These levels are marked as black lines on the candles, indicating prices where most trades occurred. This information is invaluable for identifying key supply and demand zones, which often act as support or resistance levels.
🟣 Trend Confirmation
The indicator enables traders to confirm bullish or bearish trends by observing changes in buyer and seller strength. When buyer strength increases and demand surpasses supply, the likelihood of a bullish trend continuation grows. Conversely, decreasing buyer strength and increasing seller strength may signal a potential bearish trend reversal.
🟣 Adjusting Timeframes and Calculation Methods
Users can customize the indicator's candlestick timeframe to align with their trading strategy. Additionally, they can switch between moving average and current candle modes to achieve more precise market analysis.
This indicator, with its accurate and visual data display, is a practical and reliable tool for market analysts and traders. Using it can help traders make better decisions and identify optimal entry and exit points.
🔵 Settings
Lower Time Frame Volume : This setting determines which timeframe the indicator should use to identify the price levels with the highest trade volume. These levels, displayed as black lines on the candlesticks, indicate prices where the most trades occurred.
It is recommended that users align this timeframe with their primary chart’s timeframe.
As a general rule :
If the main chart’s timeframe is low (e.g., 1-minute or 5-minute), it is better to keep this setting at a similarly low timeframe.
As the main chart’s timeframe increases (e.g., daily or weekly), it is advisable to set this parameter to a higher timeframe for more aligned data analysis.
Cumulative Mode :
Current Candle : Strength is calculated only for the current candlestick.
EMA (Exponential Moving Average) : The strength is calculated using an exponential moving average, suitable for identifying longer-term trends.
Calculation Period : The default period for the exponential moving average (EMA) is set to 21. Users can modify this value for more precise analysis based on their specific requirements.
Ultra Data : This option enables users to view more detailed data from various market sources, such as Forex, Crypto, or Stocks. When activated, the indicator aggregates and displays volume data from multiple sources.
🟣 Table Settings
Show Info Table : This option determines whether the information table is displayed on the chart. When enabled, the table appears in a corner of the chart and provides details about the strength of buyers and sellers.
Table Size : Users can adjust the size of the text within the table to improve readability.
Table Position : This setting defines the table’s placement on the chart.
🔵 Conclusion
The indicator introduced in this article is designed as an advanced tool for analyzing supply and demand dynamics in financial markets. By leveraging buyer and seller strength ratios and visually highlighting price levels with the highest trade volume, it aids traders in identifying key market zones.
Key features, such as adjustable analysis timeframes, customizable calculation methods, and precise volume data display, allow users to tailor their analyses to market conditions.
This indicator is invaluable for analyzing support and resistance levels derived from trade volumes, enabling traders to make more accurate decisions about entering or exiting trades.
By utilizing real market data and displaying the highest trade volume lines directly on the chart, it provides a precise perspective on market behavior. These features make it suitable for both novice and professional traders aiming to enhance their analysis and trading strategies.
With this indicator, traders can gain a better understanding of supply and demand dynamics and operate more intelligently in financial markets. By combining volume data with visual analysis, this tool provides a solid foundation for effective decision-making and improved trading performance. Choosing this indicator is a significant step toward refining analysis and achieving success in complex financial markets.
SMC LEGEND BUY & SELL This Pine Script strategy is based on Smart Money Concepts (SMC) in according to its added Advance Levels. Here's a brief summary of what the script does:
1. Swing High and Low Calculation: It identifies recent swing highs and lows, which are used to define key zones.
2. POI, Institutional Order Blocks, and MTF Order Blocks :
- Point Of Interest (POI)- The price reached a significant level on a higher time frame, which often indicates a strong potential reversal or reaction zone where traders anticipate a change in trend or continuation.
- Institutional Order Blocks. where traders have placed large orders, leading to potential price reversals or continuations
- MTF Order Blocks. Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels.
Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change.
3. FVG- Fair Value Gap.
- It refers to a zone on the chart where the price moves easily due to an imbalance between supply and demand. Once this FVG levels out, price movement tends to slow, and the FVG area often acts as support or resistance.
4. Liquidity Levels:
- It also known as liquidity zones, are areas on a price chart where there is a high concentration of trading activity. These areas are important for traders because they indicate where an asset is more liquid, making it easier to execute large orders without affecting the price
5. Order Blocks:
- It detects basic order blocks by identifying the highest high and lowest low within the last 20 bars. These levels help confirm the buy and sell signals.
6. Liquidity Zones:
- It marks the swing high and low as potential liquidity zones, indicating where price may reverse due to institutional players' activity.
7. SCOB:
- A Single Candle Order Block (SCOB) is a specific type of Order Block that is identified based on a single candlestick pattern. These patterns indicate potential areas where significant buying or selling interest has occurred, often leading to a notable price reaction when revisited.
The strategy then executes trades based on these signals, plotting buy and sell markers on the chart and showing the key levels (zones) and trend direction.
Smart Money Concept (SMC), Inner Circle Trading (ICT) and price action are all useful in market analysis, but they focus on different aspects of the market. Neither is inherently better than the other, and the effectiveness of each depends on the trader's strategy, market understanding, and comfort with the concepts. In fact, integrating both can provide a comprehensive approach to market analysis.
SMC focuses on institutional movements, while price action focuses on the patterns formed by the price itself. Price action trading is a technical analysis approach that focuses on price movements rather than fundamental factors like news or economic data.
Here are some things to know about price action trading:
Price patterns
-Price patterns like head and shoulders, double tops, and triangles can provide insights into market sentiment and potential reversals.
Support and resistance
-These are key levels where the price tends to reverse. Traders use these levels to identify potential entry and exit points.
Trend lines
-Trend lines help traders identify the overall direction of the market.
Breakouts
-A breakout occurs when market prices move beyond support or resistance levels.
Short- to medium-term trades
-Price action trading is better suited for short- to medium-term, limited-profit trades instead of long-term investments.
Inner Circle Trading is a trading methodology that focuses on understanding the intentions behind price movements. ICT is based on the principles of market manipulation, institutional order flow, and understanding smart money behavior.
Introduction to SMC ICT Prize Action Indicator
The SMC ICT Prize Action Indicator is a sophisticated trading tool that combines the principles of Smart Money Concepts (SMC) and the methodologies of the Inner Circle Trader (ICT) to help traders identify key market levels and potential trading opportunities. This indicator is designed to provide traders with insights into market behavior, enabling them to make informed decisions based on the activities of large institutional players, often referred to as "smart money."
Key Features of the SMC ICT Prize Action Indicator
Order Blocks:
Definition: Order blocks are significant price levels where large institutional orders have been placed. These levels often act as zones of support and resistance, where the price is likely to react.
Identification: The indicator highlights these order blocks on the chart, marking them as crucial levels to watch for potential price reversals or continuations.
Trading Strategy: Traders can use order blocks to set up buy or sell orders, anticipating that the market will move in response to the presence of institutional orders. This strategy leverages the concept that smart money often leaves identifiable footprints in the market.
Fair Value Gaps (FVG):
Definition: Fair Value Gaps are price levels where the market has traded but has not fully filled the orders placed there. These gaps often occur during periods of high volatility and can act as strong support or resistance levels.
Identification: The SMC ICT Prize Action Indicator marks these gaps on the chart, helping traders to identify potential areas where the price might retrace to fill these gaps.
Trading Strategy: Traders can look for the price to return to these gaps and use them as entry points for trades. The rationale is that the price will often seek to fill these gaps before continuing its trend.
Market Structure:
Definition: Market structure refers to the overall trend and pattern of price movements in the market. It includes patterns like higher highs, higher lows, lower highs, and lower lows.
Analysis: The indicator analyzes the market structure to determine the current trend and potential reversal points. It helps traders identify the direction of the market and align their trades with the prevailing trend.
Trading Strategy: By understanding market structure, traders can make informed decisions about entering or exiting trades. For example, in an uptrend, traders might look for buying opportunities at higher lows, while in a downtrend, they might look for selling opportunities at lower highs.
Multi-Timeframe Analysis:
Functionality: The indicator allows traders to view order blocks and fair value gaps across multiple timeframes, providing a comprehensive view of market dynamics. This feature is crucial for understanding the broader market context and identifying key levels that might not be visible on a single timeframe.
Application: Traders can use multi-timeframe analysis to identify confluence zones where multiple timeframes align, increasing the likelihood of a significant price reaction. For example, an order block visible on both the daily and hourly charts might be more significant than one visible only on a single timeframe.
Customization:
Settings: Traders can customize the indicator's settings to suit their trading style. This includes adjusting the sensitivity of signals, the number of order blocks displayed, the width of fair value gaps, and the colors used for different zones.
Personalization: Customization options allow traders to tailor the indicator to their specific preferences and strategies. For example, a day trader might prefer a higher sensitivity setting to capture more signals, while a swing trader might opt for a lower sensitivity to focus on more significant market moves.
Alert System:
Notifications: The indicator includes an alert system that notifies traders of potential buy or sell signals. These alerts can be sent via email, SMS, or push notifications, ensuring traders do not miss important trading opportunities.
Setup: Traders can set up alerts based on specific conditions, such as when the price enters an order block or fills a fair value gap. This feature helps traders stay informed and ready to act on potential market movements without constantly monitoring the charts.
Integration with Other Indicators:
Compatibility: The SMC ICT Prize Action Indicator can be used in conjunction with other technical indicators, such as moving averages, RSI, or MACD, to provide additional confirmation and improve the accuracy of signals.
Enhancement: By combining the SMC ICT Prize Action Indicator with other tools, traders can create robust trading strategies that take into account multiple factors. For example, a trader might use moving averages to confirm the trend direction while using the SMC indicator to identify key entry and exit points.
Benefits of Using the SMC ICT Prize Action Indicator
Enhanced Decision-Making:
Insightful Analysis: The indicator provides clear visual representations of order blocks and fair value gaps, helping traders make informed decisions about entry and exit points based on solid market principles.
Confidence: With a better understanding of market dynamics, traders can gain confidence in their trading decisions, reducing the impact of emotions and improving overall performance.
Time-Saving:
Automation: The indicator automates the process of identifying key levels, saving traders time and allowing them to focus on executing trades rather than manually analyzing the charts.
Efficiency: By quickly highlighting important market levels, the SMC ICT Prize Action Indicator helps traders streamline their analysis process and act on opportunities more efficiently.
Improved Accuracy:
Reliability: The combination of SMC and ICT methodologies ensures that the signals generated are based on reliable market principles, increasing the likelihood of successful trades.
Precision: The indicator's ability to pinpoint key levels with precision helps traders improve their entry and exit timing, reducing the risk of false signals and enhancing overall accuracy.
Versatility:
Multi-Market Application: The indicator can be used across various markets, including forex, stocks, commodities, and cryptocurrencies, making it a versatile tool for different trading styles and instruments.
Adaptability: Traders can adapt the indicator to their preferred markets and timeframes, whether they are day trading, swing trading, or long-term investing.
Risk Management:
Support and Resistance: By identifying strong support and resistance levels, the indicator helps traders set appropriate stop-loss levels and manage risk more effectively.
Protection: Proper risk management is crucial for long-term trading success. The SMC ICT Prize Action Indicator assists traders in protecting their capital by highlighting areas where the market is likely to react.
Community Support:
Resources: TradingView's community often provides additional resources, tutorials, and support for users of the indicator, helping traders get the most out of their investment.
Collaboration: Engaging with the TradingView community allows traders to share insights, strategies, and experiences, fostering a collaborative environment for continuous learning and improvement.
Conclusion
The SMC ICT Prize Action Indicator on TradingView is an advanced trading tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable buy and sell signals. Its comprehensive features, including order blocks, fair value gaps, market structure analysis, multi-timeframe analysis, customization options, and alert system, make it a valuable addition to any trader's toolkit. By enhancing decision-making, saving time, improving accuracy, and promoting effective risk management, this indicator can help traders achieve better trading results.
However, it's important to remember that no indicator guarantees success, and it should be used in conjunction with sound risk management practices and continuous market monitoring. The SMC ICT Prize Action Indicator is a powerful tool, but its effectiveness ultimately depends on how well it is integrated into a trader's overall strategy and trading plan.
4-Year Cycles [jpkxyz]Overview of the Script
I wanted to write a script that encompasses the wide-spread macro fund manager investment thesis: "Crypto is simply and expression of macro." A thesis pioneered by the likes of Raoul Pal (EXPAAM) , Andreesen Horowitz (A16Z) , Joe McCann (ASYMETRIC) , Bob Loukas and many more.
Cycle Theory Background:
The 2007-2008 financial crisis transformed central bank monetary policy by introducing:
- Quantitative Easing (QE): Creating money to buy assets and inject liquidity
- Coordinated global monetary interventions
Proactive 4-year economic cycles characterised by:
- Expansionary periods (low rates, money creation)
- Followed by contraction/normalisation
Central banks now deliberately manipulate liquidity, interest rates, and asset prices to control economic cycles, using monetary policy as a precision tool rather than a blunt instrument.
Cycle Characteristics (based on historical cycles):
- A cycle has 4 seasons (Spring, Summer, Fall, Winter)
- Each season with a cycle lasts 365 days
- The Cycle Low happens towards the beginning of the Spring Season of each new cycle
- This is followed by a run up throughout the Spring and Summer Season
- The Cycle High happens towards the end of the Fall Season
- The Winter season is characterised by price corrections until establishing a new floor in the Spring of the next cycle
Key Functionalities
1. Cycle Tracking
- Divides market history into 4-year cycles (Spring, Summer, Fall, Winter)
- Starts tracking cycles from 2011 (first cycle after the 2007 crisis cycle)
- Identifies and marks cycle boundaries
2. Visualization
- Colors background based on current cycle season
- Draws lines connecting:
- Cycle highs and lows
- Inter-cycle price movements
- Adds labels showing:
- Percentage gains/losses between cycles
- Number of days between significant points
3. Customization Options
- Allows users to customize:
- Colors for each season
- Line and label colors
- Label size
- Background opacity
Detailed Mechanism
Cycle Identification
- Uses a modulo calculation to determine the current season in the 4-year cycle
- Preset boundary years include 2015, 2019, 2023, 2027
- Automatically tracks and marks cycle transitions
Price Analysis
- Tracks highest and lowest prices within each cycle
- Calculates percentage changes:
- Intra-cycle (low to high)
- Inter-cycle (previous high to current high/low)
Visualization Techniques
- Background color changes based on current cycle season
- Dashed and solid lines connect significant price points
- Labels provide quantitative insights about price movements
Unique Aspects
1. Predictive Cycle Framework: Provides a structured way to view market movements beyond traditional technical analysis
2. Seasonal Color Coding: Intuitive visual representation of market cycle stages
3. Comprehensive Price Tracking: Captures both intra-cycle and inter-cycle price dynamics
4. Highly Customizable: Users can adjust visual parameters to suit their preferences
Potential Use Cases
- Technical analysis for long-term investors
- Identifying market cycle patterns
- Understanding historical price movement rhythms
- Educational tool for market cycle theory
Limitations/Considerations
- Based on a predefined 4-year cycle model (Liquidity Cycles)
- Historic Cycle Structures are not an indication for future performance
- May not perfectly represent all market behavior
- Requires visual interpretation
This script is particularly interesting for investors who believe in cyclical market theories and want a visual, data-driven representation of market stages.
Quantify [Entry Model] | FractalystWhat’s the indicator’s purpose and functionality?
Quantify is a machine learning entry model designed to help traders identify high-probability setups to refine their strategies.
➙ Simply pick your bias, select your entry timeframes, and let Quantify handle the rest for you.
Can the indicator be applied to any market approach/trading strategy?
Absolutely, all trading strategies share one fundamental element: Directional Bias
Once you’ve determined the market bias using your own personal approach, whether it’s through technical analysis or fundamental analysis, select the trend direction in the Quantify user inputs.
The algorithm will then adjust its calculations to provide optimal entry levels aligned with your chosen bias. This involves analyzing historical patterns to identify setups with the highest potential expected values, ensuring your setups are aligned with the selected direction.
Can the indicator be used for different timeframes or trading styles?
Yes, regardless of the timeframe you’d like to take your entries, the indicator adapts to your trading style.
Whether you’re a swing trader, scalper, or even a position trader, the algorithm dynamically evaluates market conditions across your chosen timeframe.
How can this indicator help me to refine my trading strategy?
1. Focus on Positive Expected Value
• The indicator evaluates every setup to ensure it has a positive expected value, helping you focus only on trades that statistically favor long-term profitability.
2. Adapt to Market Conditions
• By analyzing real-time market behavior and historical patterns, the algorithm adjusts its calculations to match current conditions, keeping your strategy relevant and adaptable.
3. Eliminate Emotional Bias
• With clear probabilities, expected values, and data-driven insights, the indicator removes guesswork and helps you avoid emotional decisions that can damage your edge.
4. Optimize Entry Levels
• The indicator identifies optimal entry levels based on your selected bias and timeframes, improving robustness in your trades.
5. Enhance Risk Management
• Using tools like the Kelly Criterion, the indicator suggests optimal position sizes and risk levels, ensuring that your strategy maintains consistency and discipline.
6. Avoid Overtrading
• By highlighting only high-potential setups, the indicator keeps you focused on quality over quantity, helping you refine your strategy and avoid unnecessary losses.
How can I get started to use the indicator for my entries?
1. Set Your Market Bias
• Determine whether the market trend is Bullish or Bearish using your own approach.
• Select the corresponding bias in the indicator’s user inputs to align it with your analysis.
2. Choose Your Entry Timeframes
• Specify the timeframes you want to focus on for trade entries.
• The indicator will dynamically analyze these timeframes to provide optimal setups.
3. Let the Algorithm Analyze
• Quantify evaluates historical data and real-time price action to calculate probabilities and expected values.
• It highlights setups with the highest potential based on your selected bias and timeframes.
4. Refine Your Entries
• Use the insights provided—entry levels, probabilities, and risk calculations—to align your trades with a math-driven edge.
• Avoid overtrading by focusing only on setups with positive expected value.
5. Adapt to Market Conditions
• The indicator continuously adapts to real-time market behavior, ensuring its recommendations stay relevant and precise as conditions change.
How does the indicator calculate the current range?
The indicator calculates the current range by analyzing swing points from the very first bar on your charts to the latest available bar it identifies external liquidity levels, also known as BSLQ (buy-side liquidity levels) and SSLQ (sell-side liquidity levels).
What's the purpose of these levels? What are the underlying calculations?
1. Understanding Swing highs and Swing Lows
Swing High: A Swing High is formed when there is a high with 2 lower highs to the left and right.
Swing Low: A Swing Low is formed when there is a low with 2 higher lows to the left and right.
2. Understanding the purpose and the underlying calculations behind Buyside, Sellside and Pivot levels.
3. Identifying Discount and Premium Zones.
4. Importance of Risk-Reward in Premium and Discount Ranges
How does the script calculate probabilities?
The script calculates the probability of each liquidity level individually. Here's the breakdown:
1. Upon the formation of a new range, the script waits for the price to reach and tap into pivot level level. Status: "■" - Inactive
2. Once pivot level is tapped into, the pivot status becomes activated and it waits for either liquidity side to be hit. Status: "▶" - Active
3. If the buyside liquidity is hit, the script adds to the count of successful buyside liquidity occurrences. Similarly, if the sellside is tapped, it records successful sellside liquidity occurrences.
4. Finally, the number of successful occurrences for each side is divided by the overall count individually to calculate the range probabilities.
Note: The calculations are performed independently for each directional range. A range is considered bearish if the previous breakout was through a sellside liquidity. Conversely, a range is considered bullish if the most recent breakout was through a buyside liquidity.
What does the multi-timeframe functionality offer?
You can incorporate up to 4 higher timeframe probabilities directly into the table.
This feature allows you to analyze the probabilities of buyside and sellside liquidity across multiple timeframes, without the need to manually switch between them.
By viewing these higher timeframe probabilities in one place, traders can spot larger market trends and refine their entries and exits with a better understanding of the overall market context.
What are the multi-timeframe underlying calculations?
The script uses the same calculations (mentioned above) and uses security function to request the data such as price levels, bar time, probabilities and booleans from the user-input timeframe.
How does the Indicator Identifies Positive Expected Values?
Quantify instantly calculates whether a trade setup has the potential to generate positive expected value (EV).
To determine a positive EV setup, the indicator uses the formula:
EV = ( P(Win) × R(Win) ) − ( P(Loss) × R(Loss))
where:
- P(Win) is the probability of a winning trade.
- R(Win) is the reward or return for a winning trade, determined by the current risk-to-reward ratio (RR).
- P(Loss) is the probability of a losing trade.
- R(Loss) is the loss incurred per losing trade, typically assumed to be -1.
By calculating these values based on historical data and the current trading setup, the indicator helps you understand whether your trade has a positive expected value.
How can I know that the setup I'm going to trade with has a positive EV?
If the indicator detects that the adjusted pivot and buy/sell side probabilities have generated positive expected value (EV) in historical data, the risk-to-reward (RR) label within the range box will be colored blue and red .
If the setup does not produce positive EV, the RR label will appear gray.
This indicates that even the risk-to-reward ratio is greater than 1:1, the setup is not likely to yield a positive EV because, according to historical data, the number of losses outweighs the number of wins relative to the RR gain per winning trade.
What is the confidence level in the indicator, and how is it determined?
The confidence level in the indicator reflects the reliability of the probabilities calculated based on historical data. It is determined by the sample size of the probabilities used in the calculations. A larger sample size generally increases the confidence level, indicating that the probabilities are more reliable and consistent with past performance.
How does the confidence level affect the risk-to-reward (RR) label?
The confidence level (★) is visually represented alongside the probability label. A higher confidence level indicates that the probabilities used to determine the RR label are based on a larger and more reliable sample size.
How can traders use the confidence level to make better trading decisions?
Traders can use the confidence level to gauge the reliability of the probabilities and expected value (EV) calculations provided by the indicator. A confidence level above 95% is considered statistically significant and indicates that the historical data supporting the probabilities is robust. This high confidence level suggests that the probabilities are reliable and that the indicator’s recommendations are more likely to be accurate.
In data science and statistics, a confidence level above 95% generally means that there is less than a 5% chance that the observed results are due to random variation. This threshold is widely accepted in research and industry as a marker of statistical significance. Studies such as those published in the Journal of Statistical Software and the American Statistical Association support this threshold, emphasizing that a confidence level above 95% provides a strong assurance of data reliability and validity.
Conversely, a confidence level below 95% indicates that the sample size may be insufficient and that the data might be less reliable. In such cases, traders should approach the indicator’s recommendations with caution and consider additional factors or further analysis before making trading decisions.
How does the sample size affect the confidence level, and how does it relate to my TradingView plan?
The sample size for calculating the confidence level is directly influenced by the amount of historical data available on your charts. A larger sample size typically leads to more reliable probabilities and higher confidence levels.
Here’s how the TradingView plans affect your data access:
Essential Plan
The Essential Plan provides basic data access with a limited amount of historical data. This can lead to smaller sample sizes and lower confidence levels, which may weaken the robustness of your probability calculations. Suitable for casual traders who do not require extensive historical analysis.
Plus Plan
The Plus Plan offers more historical data than the Essential Plan, allowing for larger sample sizes and more accurate confidence levels. This enhancement improves the reliability of indicator calculations. This plan is ideal for more active traders looking to refine their strategies with better data.
Premium Plan
The Premium Plan grants access to extensive historical data, enabling the largest sample sizes and the highest confidence levels. This plan provides the most reliable data for accurate calculations, with up to 20,000 historical bars available for analysis. It is designed for serious traders who need comprehensive data for in-depth market analysis.
PRO+ Plans
The PRO+ Plans offer the most extensive historical data, allowing for the largest sample sizes and the highest confidence levels. These plans are tailored for professional traders who require advanced features and significant historical data to support their trading strategies effectively.
For many traders, the Premium Plan offers a good balance of affordability and sufficient sample size for accurate confidence levels.
What is the HTF probability table and how does it work?
The HTF (Higher Time Frame) probability table is a feature that allows you to view buy and sellside probabilities and their status from timeframes higher than your current chart timeframe.
Here’s how it works:
Data Request: The table requests and retrieves data from user-defined higher timeframes (HTFs) that you select.
Probability Display: It displays the buy and sellside probabilities for each of these HTFs, providing insights into the likelihood of price movements based on higher timeframe data.
Detailed Tooltips: The table includes detailed tooltips for each timeframe, offering additional context and explanations to help you understand the data better.
What do the different colors in the HTF probability table indicate?
The colors in the HTF probability table provide visual cues about the expected value (EV) of trading setups based on higher timeframe probabilities:
Blue: Suggests that entering a long position from the HTF user-defined pivot point, targeting buyside liquidity, is likely to result in a positive expected value (EV) based on historical data and sample size.
Red: Indicates that entering a short position from the HTF user-defined pivot point, targeting sellside liquidity, is likely to result in a positive expected value (EV) based on historical data and sample size.
Gray: Shows that neither long nor short trades from the HTF user-defined pivot point are expected to generate positive EV, suggesting that trading these setups may not be favorable.
What machine learning techniques are used in Quantify?
Quantify offers two main machine learning approaches:
1. Adaptive Learning (Fixed Sample Size): The algorithm learns from the entire dataset without resampling, maintaining a stable model that adapts to the latest market conditions.
2. Bootstrap Resampling: This method creates multiple subsets of the historical data, allowing the model to train on varying sample sizes. This technique enhances the robustness of predictions by ensuring that the model is not overfitting to a single dataset.
How does machine learning affect the expected value calculations in Quantify?
Machine learning plays a key role in improving the accuracy of expected value (EV) calculations. By analyzing historical price action, liquidity hits, and market bias patterns, the model continuously adjusts its understanding of risk and reward, allowing the expected value to reflect the most likely market movements. This results in more precise EV predictions, helping traders focus on setups that maximize profitability.
What is the Kelly Criterion, and how does it work in Quantify?
The Kelly Criterion is a mathematical formula used to determine the optimal position size for each trade, maximizing long-term growth while minimizing the risk of large drawdowns. It calculates the percentage of your portfolio to risk on a trade based on the probability of winning and the expected payoff.
Quantify integrates this with user-defined inputs to dynamically calculate the most effective position size in percentage, aligning with the trader’s risk tolerance and desired exposure.
How does Quantify use the Kelly Criterion in practice?
Quantify uses the Kelly Criterion to optimize position sizing based on the following factors:
1. Confidence Level: The model assesses the confidence level in the trade setup based on historical data and sample size. A higher confidence level increases the suggested position size because the trade has a higher probability of success.
2. Max Allowed Drawdown (User-Defined): Traders can set their preferred maximum allowed drawdown, which dictates how much loss is acceptable before reducing position size or stopping trading. Quantify uses this input to ensure that risk exposure aligns with the trader’s risk tolerance.
3. Probabilities: Quantify calculates the probabilities of success for each trade setup. The higher the probability of a successful trade (based on historical price action and liquidity levels), the larger the position size suggested by the Kelly Criterion.
What is a trailing stoploss, and how does it work in Quantify?
A trailing stoploss is a dynamic risk management tool that moves with the price as the market trend continues in the trader’s favor. Unlike a fixed take profit, which stays at a set level, the trailing stoploss automatically adjusts itself as the market moves, locking in profits as the price advances.
In Quantify, the trailing stoploss is enhanced by incorporating market structure liquidity levels (explain above). This ensures that the stoploss adjusts intelligently based on key price levels, allowing the trader to stay in the trade as long as the trend remains intact, while also protecting profits if the market reverses.
Why would a trader prefer a trailing stoploss based on liquidity levels instead of a fixed take-profit level?
Traders who use trailing stoplosses based on liquidity levels prefer this method because:
1. Market-Driven Flexibility: The stoploss follows the market structure rather than being static at a pre-defined level. This means the stoploss is less likely to be hit by small market fluctuations or false reversals. The stoploss remains adaptive, moving as the market moves.
2. Riding the Trend: Traders can capture more profit during a sustained trend because the trailing stop will adjust only when the trend starts to reverse significantly, based on key liquidity levels. This allows them to hold positions longer without prematurely locking in profits.
3. Avoiding Premature Exits: Fixed stoploss levels may exit a trade too early in volatile markets, while liquidity-based trailing stoploss levels respect the natural flow of price action, preventing the trader from exiting too soon during pullbacks or minor retracements.
🎲 Becoming the House: Gaining an Edge Over the Market
In American roulette, the casino has a 5.26% edge due to the presence of the 0 and 00 pockets. On even-money bets, players face a 47.37% chance of winning, while true 50/50 odds would require a 50% chance. This edge—the gap between the payout odds and the true probabilities—ensures that, statistically, the casino will always win over time, even if individual players win occasionally.
From a Trader’s Perspective
In trading, your edge comes from identifying and executing setups with a positive expected value (EV). For example:
• If you identify a setup with a 55.48% chance of winning and a 1:1 risk-to-reward (RR) ratio, your trade has a statistical advantage over a neutral (50/50) probability.
This edge works in your favor when applied consistently across a series of trades, just as the casino’s edge ensures profitability across thousands of spins.
🎰 Applying the Concept to Trading
Like casinos leverage their mathematical edge in games of chance, you can achieve long-term success in trading by focusing on setups with positive EV and managing your trades systematically. Here’s how:
1. Probability Advantage: Prioritize trades where the probability of success (win rate) exceeds the breakeven rate for your chosen risk-to-reward ratio.
• Example: With a 1:1 RR, you need a win rate above 50% to achieve positive EV.
2. Risk-to-Reward Ratio (RR): Even with a win rate below 50%, you can gain an edge by increasing your RR (e.g., a 40% win rate with a 2:1 RR still has positive EV).
3. Consistency and Discipline: Just as casinos profit by sticking to their mathematical advantage over thousands of spins, traders must rely on their edge across many trades, avoiding emotional decisions or overleveraging.
By targeting favorable probabilities and managing trades effectively, you “become the house” in your trading. This approach allows you to leverage statistical advantages to enhance your overall performance and achieve sustainable profitability.
What Makes the Quantify Indicator Original?
1. Data-Driven Edge
Unlike traditional indicators that rely on static formulas, Quantify leverages probability-based analysis and machine learning. It calculates expected value (EV) and confidence levels to help traders identify setups with a true statistical edge.
2. Integration of Market Structure
Quantify uses market structure liquidity levels to dynamically adapt. It identifies key zones like swing highs/lows and liquidity traps, enabling users to align entries and exits with where the market is most likely to react. This bridges the gap between price action analysis and quantitative trading.
3. Sophisticated Risk Management
The Kelly Criterion implementation is unique. Quantify allows traders to input their maximum allowed drawdown, dynamically adjusting risk exposure to maintain optimal position sizing. This ensures risk is scientifically controlled while maximizing potential growth.
4. Multi-Timeframe and Liquidity-Based Trailing Stops
The indicator doesn’t just suggest fixed profit-taking levels. It offers market structure-based trailing stop-loss functionality, letting traders ride trends as long as liquidity and probabilities favor the position, which is rare in most tools.
5. Customizable Bias and Adaptive Learning
• Directional Bias: Traders can set a bullish or bearish bias, and the indicator recalculates probabilities to align with the trader’s market outlook.
• Adaptive Learning: The machine learning model adapts to changes in data (via resampling or bootstrap methods), ensuring that predictions stay relevant in evolving markets.
6. Positive EV Focus
The focus on positive EV setups differentiates it from reactive indicators. It shifts trading from chasing signals to acting on setups that statistically favor profitability, akin to how professional quant funds operate.
7. User Empowerment
Through features like customizable timeframes, real-time probability updates, and visualization tools, Quantify empowers users to make data-informed decisions.
Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data.
Built-in components, features, and functionalities of our charting tools are the intellectual property of @Fractalyst use, reproduction, or distribution of these proprietary elements is prohibited.
By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer and agrees to respect our intellectual property rights and comply with all applicable laws and regulations.
RShar Liquidity Zone Identifier Description of the Liquidity Zone Identifier Indicator
The **Liquidity Zone Identifier** is a TradingView indicator designed to highlight key liquidity zones on a price chart. Liquidity zones represent areas where the price is likely to encounter significant resistance or support, making them critical for technical analysis and trading decisions.
Key Features:
1. **Dynamic Resistance and Support Levels**:
- The indicator calculates the highest high and lowest low over a user-defined period (`length`) to identify potential resistance and support levels.
- Sensitivity can be adjusted using the `zoneSensitivity` parameter, which defines a percentage buffer around these levels to expand the zones.
2. **Visual Representation**:
- Resistance zones are highlighted in **red**, indicating areas where the price may face selling pressure.
- Support zones are highlighted in **green**, representing areas where the price may find buying interest.
- The zones are displayed as shaded regions using the `fill` function, making them visually distinct and easy to interpret.
3. **Customizable Inputs**:
- **Zone Length** (`length`): Determines the number of candles considered for calculating highs and lows.
- **Zone Sensitivity** (`zoneSensitivity`): Sets the percentage margin around the calculated levels to define the liquidity zones.
- **Zone Colors**: Users can customize the colors for resistance and support zones to suit their preferences.
- **Toggle Fill**: The `showFill` option allows users to enable or disable shaded zone visualization.
4. **Alerts for Trading Opportunities**:
- Alerts are triggered when:
- The price enters the **resistance zone** (current high is greater than or equal to the resistance zone).
- The price enters the **support zone** (current low is less than or equal to the support zone).
- These alerts help traders stay informed of critical market movements without constantly monitoring the chart.
#### How It Works:
1. **Calculation of Zones**:
- The highest high and lowest low over the specified `length` are calculated to define the primary levels.
- A buffer zone is added around these levels based on the `zoneSensitivity` percentage, creating a margin of interaction for price movements.
2. **Plotting the Zones**:
- The top and bottom boundaries of the resistance and support zones are plotted as lines.
- The area between these boundaries is shaded using the `fill` function to enhance visualization.
3. **Alerts for Key Events**:
- Traders are notified when price action interacts with the zones, enabling quick decision-making.
#### Use Case:
The Liquidity Zone Identifier is ideal for:
- Identifying areas of potential price reversal or consolidation.
- Spotting high-probability trading setups near resistance and support zones.
- Complementing other technical indicators in a trading strategy.
By effectively highlighting critical price levels, this indicator provides traders with a powerful tool to navigate the markets with greater precision.
FU Candle Indicator V3.2What the FU Candle Indicator does:
First we need to understand what FU candles are. There's bullish and bearish FU candles.
Bullish FU candles are candles that have a long wick that takes out the previous candles low, then turns around and closes above the high of the previous candle.
Bearish FU candles are candles that have a long wick that takes out the previous candles high, then turns around and closes below the low of the previous candle.
Then there's so called attempted FU candles (ATT FU)
The difference between normal FU candles and ATT FU candles is, that the ATT FU candle doesn't close above/below the high/low of the previous candle but only above the previous candle's body close.
Bullish ATT FU Candle:
Bearish ATT FU Candle:
Detection of Bullish FU Candles:
Bullish FU Candles are detected by measuring the distance between the low of the previous candle and the low of the current candle.
Then the distance between the previous candles high and the current candles close price are measured.
If current candle low < previous candle low and current candle close > previous candle high = Bullish FU Candle.
Detection of Bullish ATT FU Candles:
Bullish ATT FU Candles are detected by measuring the distance between the low of the previous candle and the low of the current candle.
Then the distance between the previous candles close or open price and the current candles close price are measured. If the previous candle closed bearish, the open price is used for comparison, if the previous candle closed bullish, the close price is used for comparison.
If current candle low < previous candle low and current candle close > previous candle open or close = Bullish ATT FU Candle.
Detection of Bearish FU Candles:
Bearish FU Candles are detected by measuring the distance between the high of the previous candle and the high of the current candle.
Then the distance between the previous candles low, AND the current candles close price are measured.
If current candle high > previous candle high, AND current candle close < previous candle low = Bearish FU Candle.
Detection of Bearish ATT FU Candles:
Bearish ATT FU Candles are detected by measuring the distance between the high of the previous candle and the high of the current candle.
Then the distance between the previous candles close or open price and the current candles close price are measured. If the previous candle closed bearish, the open price is used for comparison, if the previous candle closed bullish, the close price is used for comparison.
If current candle high > previous candle high and current candle close < previous candle open or close = Bearish ATT FU Candle.
What makes this script unique?
It shows and liquidity grab and a break of structure on a lower timeframe in one candle.
It allows to adjust the settings for the asset and timeframe you're using
The built in filters (Fractal Filter and EMA Filter) are both optional but allow to filter out certain candles and most importantly it leaves room for experimentation and optimisation to your trading style.
Input Settings and how to use them:
Bullish FU Candle Color --> This setting is to set the color for bullish FU candles.
Bearish FU Candle Color --> This setting is to set the color for bearish FU candles.
Chart --> This setting enables you to display FU's on different timeframes instead of only the current time. It's set to current timeframe by default.
Liq. Grab in Points --> This is the strength of the liquidity grab. By how many points has the current candle taken out the low/ high of the previous candle. It's set to 20 by default but it has to be adjusted to the timeframe and asset you're using.
Engulfing in Points --> This the strength of the engulfing of the previous candle. It measures the distance of the current close price to the open, close, high or low of the previous candle. It depends if the current candle is bullish or bearish and if the previous candle was bullish or bearish and if ATT FUs are enabled but this setting applies to all methods. It's set to 20 by default but you have to adjust it to the asset and timeframe you're using.
Min. Size in Points --> This setting is to filter out tiny candles. It measures the overall size of the FU candle from low to high. It's set to 20 by default but you have to adjust it to the asset and timeframe you are using.
Min. Body Size in Points --> This setting is to filter out FU candles that have a tiny body. It measures the size of the body from open to close. It's set to 20 by default but you have to adjust it to the asset and timeframe you are using.
Max. Body Size in Points --> This setting is to filter out FU candles that have a huge body. It measures the size of the body from open to close. It's set to 10000 by default but you have to adjust it to the asset and timeframe you are using.
Show ATT FU Candles --> ATT FU Candles are FU's where the body only engulfs the previous candles body but not the wick. This type of FU candles is just as valid as the strong FU's where the Body and the wick of the previous Candle is engulfed. The setting is enabled by default.
Rejection Filter --> This setting is used filter out FU candles where the opposite side rejection is stronger than the body direction of the FU. This filters out a lot of traps. It's disabled by default.
Fractal Filter --> FU's are only valid if they broke a fractal of the past x candles. This filters out some of the FU candles that are inside a range and therefore invalid. This is an optional filter and disabled by default.
EMA Filter --> FU's are only if they are above/ below the EMA. This is to filter out most of the FU candles that are inside ranges. The EMA period can be set too. This is an optional filter and enabled and EMA length set to 7 by default. You can enable it and/ or change the length of the EMA to fit your trading style.
Show Entry Lines --> The entry line setting has been changed in terms of styling. The upper and lower line has been removed. Now only the 50% retracement line of the candle body is displayed and the line type, color, strength and length can be set to keep charts as clean as possible.
Alert Timeframes --> You can select the timeframes for which you want to receive an alert if you set and alert for the FU Candle indicator. If you set an alert for the FU Candle Indicator it will send an alert for every FU candle on every selected timeframe.
TF1-TF8 --> This setting is to enable or disable alerts for timeframe 1 - timeframe 8. By default all alerts are disabled, I recommend only enabling the ones that you actually use.
Recommended use:
A bullish FU candle doesn't necessarily mean it's a long and vice versa a bearish FU candle doesn't necessarily mean it's a short. In fact, most FU candles are traps. Often times you'll see a bullish FU candle starting a bearish reversal.
Whenever you see an FU Candle check the following:
Did the FU candle take relevant liquidity?
Is the FU Candle in line with the overall bias or does it go against the bias?
Where did the FU react? Example: A bearish FU candle that reacts in a bullish FVG is a perfect long entry and vice versa.
A bullish FU candle that takes out a relevant swing high can often be a fake-out and price can immediately reverse as the next candle opens.
Timing is also very important. Usually the valid FU candles happen after a strong move to one direction during high volume times and right before or right after a new candle opens on a higher timeframe.
Examples of valid setups:
Nr. 1) Mitigation Setup
Overall bullish on the higher time frame, liquidity grab to the downside, shift in momentum, strong move to the upside left a FVG. later price comes back into the FVG and forms a FU candle --> perfect long trade targeting the opposite side of the range.
Entry either at close of the FU or at the 50% retracement.
Nr. 2) Trap Setup
Clear bullish trend respecting the trend line, bearish FU candle forms but it didn't take any relevant liquidity to the upside. Only internal range liquidity. Perfect long entry using a buy limit below the lower wick of the FU candle with the SL below the nearest low.
Nr. 3) Liquidity Grab Setup
Bearish trend, price comes up aggressively and takes out a high and forms an FU Candle. Market entry short at close of the FU candle or at the 50% retracement of the FU candle or by putting a limit order right above the wick of the candle that follows the FU candle, targeting the opposite side of the range.
Nr. 4) Fake Breakout Setup
Price takes out a significant HTF low, then makes at least 2 BOS on the LTF and forms an Order Block or leaves an FVG. Price forms a bearish U that fails to close below the FVG or Orderblock.
Market entry long at the close of the bearish FU targeting the opposite side of the range. Vice versa for shorts. In simple terms: Bullish FUs at the top of the range and bearish FUs at the bottom of the range are usually always traps.
Sometimes price takes out the high/low of a trap FU before reversing aggressively so you can also have a limit order below the low of the bearish FU or above the high of a bullish FU in this case. But you risk missing the trade.
Entry Methods:
Entry Type 1) Market Entry at the close of the FU candle. --> Never miss a trade, not the best RRR.
Entry Type 2 Limit Entry at the 50% retracement of the body of the FU candle. --> Miss some of the trades but better RRR.
Entry Type 3 Limit order below the wick of the candle that follows the FU candle. --> Miss quite a lot of trades but by far best RRR.
Why this is a closed source script:
The source code of this script is not open because I have spent several years of my life developing it and I use it in all my trading bots.
Also I'm open for feedback and will modify/ update the script for free if I get input that can make it better.
For questions, please reach out via DM or check out my youtube channel. I have several videos explaining in detail how I use these candles, which are valid and which aren't.
Ultra Liquidity HeatmapThe Ultra Liquditiy Heatmap is a unique visualization tool designed to map out areas of high liquidity on the chart using a dynamic heatmap, helping traders identify significant price zones effectively.
Introduction
The Ultra Liquidity Heatmap is an advanced indicator for visualizing key liquidity areas on your chart. Whether you're a scalper, swing trader, or long-term investor, understanding liquidity dynamics can offer a powerful edge in market analysis. This tool provides a straightforward visual representation of these zones directly on your chart.
Detailed Description
The Ultra Liquidity Heatmap identifies high and low liquidity zones by dynamically marking price ranges with heatmap-like boxes.
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Dynamic Zone Creation
For low liquidity zones, the script draws boxes extending from the low to the high of the bar. If the price breaks below a previously defined zone, that box is removed.
Similarly, for high liquidity zones, the script tracks and highlights price ranges above the current high, removing boxes if the price exceeds the zone.
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Customizable Visuals
Users can adjust the transparency and color of the heatmap, tailoring the visualization to their preference.
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Real-Time Updates
The indicator constantly updates as new price data comes in, ensuring that the heatmap reflects the most current liquidity zones.
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Efficiency and Scalability
The script uses optimized arrays and a maximum box limit of 500 to ensure smooth performance even on higher timeframes or during high-volatility periods.
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The Ultra Liquidity Heatmap bridges the gap between raw price data and actionable market insight. Add it to your toolbox and elevate your trading strategy today!
Double Purge Theory (DPT)The purpose of this script is to identify the Double Purge Theory-MMXM i.e. the run on liquidity on both the sell-side and the buy-side liquidity.
The simple use case behind this script is to provide additional entry confluence for your trade setups and more efficient stop loss placement on any given timeframe.
DPT in itself is a price signature that generally occurs before price makes impulsive move in the direction of the higher time frame narrative. It is not to be used as a standalone indicator for building narrative/framing bias.
How to use this script ?
1) Wait for the indicator to display the BLUE CANDLE highlight (DPT candle) that indicates the double purge has occurred.
2) The DPT should occur at/after price has tapped into a key level and is within the ICT killzones.
3) Position to frame your trade setup once you get a candle with a body close below / above the DPT candle , depending on your bias and stop loss placement at DPT candle high/low or after the body closure as mentioned in step 2.
For example :
Liquidity Channels [TFO]This indicator was built to visually demonstrate the significance of major, untouched pivots. With traders commonly placing orders at or near significant pivots, these areas are commonly referred to as Resting Liquidity. If we attribute some factor of growth over time, we can quickly visualize that certain pivots originated much further away than others, if their channels appear larger.
A pivot in this case is validated by the Liquidity Strength parameter. If set to 50 for example, then a pivot high is validated if its high is greater than the high of the 50 bars to the left and right of itself. This also implies a delay in finding pivots, as the drawings won't actually appear until validation, which would occur 50 bars after the original high has formed in this case. This is typical of indicators using swing highs and lows, as one must wait some period of time to validate the pivots in question.
The Channel Growth parameter dictates how much the Liquidity Channels will expand over time. The following chart is an example, where the left-hand side is using a Channel Growth of 1, and the right-hand side is using a Channel Growth of 10.
When price reaches these levels, they become invalidated and will stop extending to the right. The other condition for invalidation is the Delete After (Bars) parameter which, when enabled, declares that untouched levels will be deleted if the distance from their origin exceeds this many bars.
This indicator also offers an option to Hide Expanding Channels for those who just want the actual levels on their chart, without the extra visuals, which would look something like the below chart.
FxCanli RangeFxCanli Range is an indicator based on ICT Internal Range and External Range concept.
What is ICT Internal Range Liquidity?
The Fair Value Gap is marked as the ICT internal range liquidity.
ICT Fair Value Gap is marked as the liquidity because it is a formation of three candles leaving an area between high and low of 1st and 3rd candle where price do not overlap.
FxCanli Range Indicator draws all Internal Ranges above explaining the ICT internal range liquidity.
What is Imbalance (FVG)?
Fair Value Gaps are price jumps caused by imbalanced buying and selling pressures.
A bullish Fair Value Gap is created when there is a gap between the high of the first candle and the low of the third candle.
A bearish Fair Value Gap is created when there is a gap between the low of the first candle and the high of the third candle.
What is ICT External Range Liquidity?
The swing high and swing low of an ICT dealing range are termed as external range.
The high of an ICT dealing range is termed as “buy side liquidity” assuming the buy stops rest above the high of dealing range.
While the low of an ICT dealing range is known as “sell side liquidity” assuming the sell stops resting below the low of dealing range.
FxCanli Range Indicator draws all External Ranges above explaining the ICT external range liquidity
🔶 USAGE & EXAMPLES
As ICT said us, Price moves 2 side, Internal Liquidity or External Liquidity
External Range Liquidity to Internal Range Liquidity
When price reached to External Range, it will sweep the External Range Liquidity
at that time, we have to wait price to reverse and start to move to Internal range liquidity (FVG)
our strategy has to be like this; we have to open 2 time less lower time frame
if we are at 1 hour chart, we have to open 1Hour - 15 min - 5 min chart
and wait for Trend Reversal pattern at there
Internal Range Liquidity to External Range Liquidity
When price reached to Internal Range(FVG), it will fill the imbalance
at that time, we have to wait price to reverse and start to move to External Range Liquidity.
Again we have to decrease our time frame 2 times.
if we are at 1 hour chart, we have to open 1Hour -> 15 min -> 5 min chart
and wait for Trend Reversal pattern at there
🔶 SETTINGS
With the settings;
▪️ Fractal Properties;
it will show fractals or not, you will decide the period of fractals, Style, Color and also Size of the fractal
▪️ Trend Line Properties;
it will show trend or not, you will decide the color of the trend, line style, and line width.
▪️ External Range Properties;
it will show external range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Internal Range Properties;
it will show internal range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Alert Conditions
you will set alerts at this part
Alert or not, liquidity(External Range) alerts, FVG(Internal Range) alerts, FVG filled alert
Part 1
Part 2
Wish you great trades...
Volumetric Rejection Blocks [UAlgo]The Volumetric Rejection Blocks is designed to help traders identify and visualize key price levels where volumetric rejections occur, which may indicate a shift in market sentiment. These rejections can signal potential trend reversals or areas where price action is likely to face support or resistance. By drawing rejection blocks based on volumetric strength, the indicator allows users to observe where significant buying or selling pressure has been exerted, which can be used as a reference point for future price action.
Also indicator dynamically calculates swing highs and lows, analyzes bullish and bearish strengths based on volume-weighted price movements, and displays rejection blocks on the chart. Each rejection block represents an area where the price attempted to move beyond a certain level but faced rejection, either on a close or wick basis. This can be particularly useful for traders who rely on market structure and order flow to make informed decisions about entering or exiting trades.
🔶 Key Features
Swing Length Customization: Allows users to define the swing length, helping tailor the sensitivity of the swing high and low detection to the specific market conditions.
Rejection Block Visualization: Displays up to the last 10 rejection blocks based on user settings, clearly marking areas of significant bullish or bearish rejections.
Volumetric Strength Analysis: The indicator calculates bullish and bearish strength for each rejection block, based on volume-weighted price movements over the last few bars, giving insight into the intensity of the rejection.
Violation Check Type: Offers two options for violation detection—"Close" and "Wick". This allows traders to specify whether a price level is considered broken only if it closes beyond the level or if any wick breaches it.
Bullish and Bearish Block Coloring: Rejection blocks are colored to represent bullish (green) and bearish (red) rejection areas. The color transparency can be adjusted for clear visibility overlaid on the price chart.
Market Structure Labels: Labels and lines marking "Market Structure Shift" (MSS) and "Break of Structure" (BOS) are displayed, giving traders context about significant market structure changes.
🔶 Interpreting the Indicator
Rejection Blocks: These colored blocks on the chart indicate areas where the price faced significant buying or selling pressure. A green block suggests a bullish rejection (support zone), where buyers absorbed the sell-off, potentially pushing the price upward. Conversely, a red block indicates a bearish rejection (resistance zone), where sellers overpowered buyers, potentially driving the price lower.
Strength Analysis: The width of the green and red sections within a rejection block represents the relative bullish and bearish strengths. A wider green section indicates stronger bullish support, while a wider red section suggests more robust bearish resistance. This helps traders gauge the likelihood of price holding or breaching these levels.
Market Structure Shift (MSS) and Break of Structure (BOS): The indicator automatically detects and labels significant changes in market structure. An "MSS" label indicates the first break, suggesting a potential shift in trend direction. A "BOS" label indicates a subsequent confirmation in trend direction, allowing traders to recognize potential trend continuations.
Violation Check: Traders can choose how to interpret breaks of these rejection blocks. Using the "Close" option provides a more conservative approach, requiring a close beyond the level for confirmation. The "Wick" option is more aggressive, treating any wick beyond the level as a break.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Accumulation Map [LuxAlgo]The Accumulation Map is a charting tool that tracks traded volume across all price levels within a specified period.
It highlights the relationship between an asset's price and traders' willingness to buy or sell, helping to identify accumulation zones.
These zones represent areas of significant trading activity and provide insights into potential support and resistance levels. The indicator displays these zones using a heatmap, offering a clear, visual representation of market sentiment and activity based on volume.
🔶 USAGE
The Accumulation Map shows the distribution of traded volume across different price levels over a specific period. The volume nodes are displayed as color gradients, each reflecting the accumulation level (trading activity) at that price range.
The heatmap visually represents accumulation areas on the chart with color gradients. This visualization helps traders easily spot areas of significant interest and potential support or resistance levels within the market.
Metric Display controls how accumulation metrics appear on the chart. Options include Level Value Ratio, Level Value Proportion, Combined View, or None.
Color Theme allows users to switch between different color themes.
🔶 SETTINGS
The script includes user-defined parameters to customize profiles. Each input in the indicator settings is provided with a tooltip explaining its usage.
🔹 Accumulation Map
Accumulation Map | Heatmap: Toggles the visibility of the Accumulation Profile | Heatmap.
Metric Display: Controls how accumulation metrics are displayed on the chart.
Color Theme: Switches between different color themes.
🔹 Style & Settings
High Accumulation Color and Threshold: Customize the color for zones with high accumulation, and set the percentage threshold for high accumulation areas (recommended 50%–99%).
Average Accumulation: Define the color for zones with average accumulation.
Low Accumulation: Customize the color for zones with low accumulation, with a threshold range of 10%–40%.
Number of Rows: Specify the number of rows the accumulation map will display.
Horizontal Offset: Controls the horizontal offset of the map relative to the most recent bar.
Profile Width (bars): Sets the profile width in bars.
Extend Calculation To The Right: Extends the calculation to the most recent bar
Anchor Points: Set the first and second anchor points for the map.
🔶 RELATED SCRIPTS
Money-Flow-Profile
Immediate Rebalance ICT [TradingFinder] No Imbalances - MTF Gaps🔵 Introduction
The concept of "Immediate Rebalance" in technical analysis is a powerful and advanced strategy within the ICT (Inner Circle Trader) framework, widely used to identify key market levels.
Unlike the "Fair Value Gap," which leaves a price gap requiring a retracement for a fill, an Immediate Rebalance fills the gap immediately, representing an instant balance that strengthens the prevailing market trend. This structure allows traders to quickly spot critical price zones, capitalizing on strong trend continuations without the need for price retracement.
The "Immediate Rebalance ICT" indicator leverages this concept, providing traders with automated identification of critical supply and demand zones, order blocks, liquidity voids, and key buy-side and sell-side liquidity levels.
Through features like crucial liquidity points and immediate rebalancing areas, this tool enables traders to perform precise real-time market analysis and seize profitable opportunities.
🔵 How to Use
The Immediate Rebalance indicator assists traders in identifying reliable trading signals by detecting and analyzing Immediate Rebalance zones. By focusing on supply and demand areas, the indicator pinpoints optimal entry and exit positions.
Here’s how to use the indicator in both bearish (Supply Immediate Rebalance) and bullish (Demand Immediate Rebalance) structures :
🟣 Bullish Structure (Demand Immediate Rebalance)
In a bullish scenario, the indicator detects a Demand Immediate Rebalance formed by two consecutive bullish candles with overlapping wicks. This structure signifies an immediate demand zone, where price instantly balances within the zone, reducing the likelihood of a revisit and indicating potential upside momentum.
Zone Identification : Look for two consecutive bullish candles with overlapping wicks, forming a demand zone. This structure, due to its rapid balance, usually does not require a revisit and supports further upward movement.
Entry and Exit Levels : If price revisits this zone, percentage markers, particularly 50% and 75%, act as supportive levels, creating ideal entry points for long positions.
Example : In the second image, an example of a Demand Immediate Rebalance is shown, where overlapping bullish candle shadows indicate immediate balance, supporting the continuation of the bullish trend.
🟣 Bearish Structure (Supply Immediate Rebalance)
In a bearish setup, the indicator identifies a Supply Immediate Rebalance when two consecutive bearish candles with overlapping wicks appear. This formation signals an immediate supply zone, suggesting a high probability of trend continuation to the downside, with minimal expectation for price to retrace back to this area.
Zone Identificatio n: Look for two consecutive bearish candles with overlapping shadows. This structure forms a supply area where price is expected to continue its downtrend without revisiting the zone.
Entry and Exit Level s: Should price revisit this zone, percentage-based levels (e.g., 50% and 75%) serve as potential resistance points, optimizing entry for short positions, especially if the downtrend is expected to persist.
Example : The attached chart illustrates a Supply Immediate Rebalance, where overlapping candle shadows define this area, reassuring traders of a continued downward trend with a low likelihood of price returning to this zone.
🔵 Settings
ImmR Filter : This filter allows users to adjust the detection of Immediate Rebalance zones in four modes, from "Very Aggressive" to "Very Defensive," based on zone width. The chosen mode controls the sensitivity of Immediate Rebalance detection, allowing users to fine-tune the indicator to their trading style.
Multi Time Frame : Enabling this option allows users to set the indicator to a specific timeframe (1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, or monthly), broadening the perspective for identifying Immediate Rebalance zones across multiple timeframes.
🔵 Conclusion
The Immediate Rebalance indicator, based on rapid balancing zones within supply and demand areas, serves as a powerful tool for market analysis and improving trade decision-making.
By accurately identifying zones where price achieves instant balance without gaps, the indicator highlights areas likely to support strong trend continuations, exempt from common retracements.
The indicator’s use of percentage levels enables traders to pinpoint optimal entry and exit points more effectively, with levels like 50% and 75% acting as support within demand zones and resistance within supply zones. This empowers traders to ride strong trends without the worry of abrupt reversals.
Overall, the Immediate Rebalance is a reliable tool for both professional and beginner traders seeking precise methods to recognize supply and demand zones, capitalizing on consistent trends.
By choosing appropriate settings and focusing on the zones highlighted by this indicator, traders can enter trades with greater confidence and improve their risk management.
Smart Money Setup 07 [TradingFinder] Liquidity Hunts & Minor OB🔵 Introduction
The Smart Money Concept relies on analyzing market structure, tracking liquidity flows, and identifying order blocks. Research indicates that traders who apply these methods can improve their accuracy in predicting market movements by up to 30%.
These elements allow traders to understand the behavior of market makers, including banks and large financial institutions, which have the ability to influence price movements and shape major market trends. By recognizing how these entities operate, traders can align their strategies with Smart Money actions and better anticipate shifts in the market.
Smart Money typically enters the market at points of high liquidity where trading opportunities are more attractive. By following these liquidity flows, professional traders can position themselves at market reversal points, leading to profitable trades.
The Smart Money Setup 07 indicator has been specifically designed to detect these complex patterns. Using advanced algorithms, this indicator automatically identifies both bullish and bearish trading setups, assisting traders in discovering hidden market opportunities.
As a powerful technical analysis tool, the Smart Money Setup indicator helps predict the actions of major market participants and highlights optimal entry and exit points. Essentially, this tool enables traders to act like institutional investors and market makers, making the most of price fluctuations in their favor.
Ultimately, the Smart Money Setup 07 indicator transforms complex technical analysis into a simple and practical tool. By detecting order blocks and liquidity zones, this tool helps traders execute their strategies with greater precision, leading to more informed and successful trading decisions.
🟣 Bullish Setup
🟣 Bearish Setup
🔵 How to Use
One of the key strengths of the Smart Money Setup 07 indicator is its ability to accurately identify order blocks and analyze liquidity flows. Order blocks represent areas where large buy or sell orders are placed by Smart Money investors, which often indicate key reversal points in the market. Traders can use these order blocks to pinpoint potential entry and exit opportunities.
The Smart Money Setup indicator detects and visually displays these order blocks on the chart, helping traders identify the best zones to enter or exit trades. Since these zones are frequently used by large institutional investors, following these blocks allows traders to capitalize on price fluctuations and trade with confidence.
🟣 Bullish Smart Money Setup
A Bullish Smart Money Setup forms when the market creates Higher Lows and Higher Highs. In this situation, the indicator analyzes pivot points, liquidity flows, and order blocks to identify buy opportunities. Liquidity points in these setups indicate areas where Smart Money is likely to enter long positions.
In the bullish setup image, multiple Higher Lows and Higher Highs are formed. The green zone represents a Bullish Order Block, signaling traders to enter a long trade. The Smart Money Setup indicator displays a green arrow, indicating a high-probability upward price movement from this liquidity zone.
🟣 Bearish Smart Money Setup
A Bearish Smart Money Setup occurs when the market structure shows Lower Highs and Lower Lows, indicating weakness in price. The indicator identifies these patterns and highlights potential sell opportunities. Liquidity points in this setup mark areas where Smart Money enters sell positions.
In the bearish setup image, a Lower High is followed by a Lower Low, with the red liquidity zone acting as a Bearish Order Block. The Smart Money Setup indicator shows a red arrow, signaling a likely downward move, offering traders an opportunity to enter short positions.
🔵 Settings
Pivot Period : This setting determines how many candles are needed to form a pivot point. A default value of 2 is optimal for quickly identifying key pivot points in price action.
Order Block Validity Period : This parameter defines the lifespan of an order block. Traders can adjust how long each order block remains valid. For instance, setting it to 500 means that an order block will be valid for 500 bars after its formation.
Mitigation Level OB : This setting allows traders to select whether order blocks should be based on the "Proximal," "50% OB," or "Distal" levels, helping traders manage risk more effectively.
Order Block Refinement : Traders can refine the order blocks with precision. The indicator offers two refinement modes: Defensive and Aggressive. The Defensive mode identifies safer order blocks, while the Aggressive mode targets higher-risk blocks with the potential for larger reversals.
🔵 Conclusion
The Smart Money Setup 07 indicator is a powerful tool for identifying key Smart Money movements in the market. It provides traders with essential insights for making informed trading decisions, particularly when combined with technical analysis and liquidity flow analysis. This indicator allows traders to accurately pinpoint entry and exit points, helping them maximize profits and minimize risk.
By offering a range of customizable settings, the Smart Money Setup indicator adapts to different trading styles and strategies. Furthermore, its ability to detect order blocks and identify supply and demand zones makes it an indispensable tool for any trader looking to enhance their strategy.
In conclusion, the Smart Money Setup 07 is a crucial tool for traders aiming to optimize their trading performance. By utilizing the concepts of Smart Money in technical analysis, traders can make more precise decisions and take advantage of market fluctuations.
Liquidity Pools [LuxAlgo]The Liquidity Pools indicator identifies and displays estimated liquidity pools on the chart by analyzing high and low wicked price areas, along with the amount, and frequency of visits to each zone.
🔶 USAGE
Liquidity Pools are areas where smaller participants are likely to place stop-limit orders to manage risks at reasonable swing points. These zones attract institutional traders who use the pending orders as liquidity to enter larger positions, aiming to influence price movements. By monitoring these zones, traders can anticipate market movements and potentially benefit from these dynamics.
Beyond general liquidity theory, identifying zones consistently visited by price aids in using them as support and resistance zones. By analyzing these areas, we can assess how effectively participants enter or exit these zones, helping to gauge their importance.
In the screenshots below, we will explore both sides of the same chart in more detail to display how each zone could be viewed from a bullish and bearish perspective.
Bullish Zones Example:
Bearish Zones Example:
🔶 DETAILS
The method behind this indicator focuses on identifying a swing point and tracking future interactions with it. It adaptively identifies high and low "potential zones". These zones are monitored over time; if a zone meets the user-defined criteria, the script marks and displays these zones on the chart.
🔹 Identification
The method to identify Liquidity Pools in this indicator revolves around 3 main parameters. By utilizing these settings, the indicator can be tailored to produce zones that fit the specific strategic needs of each trader.
Zone Identification Parameters
Zone Contact Amount: This setting determines the number of times each zone must be in contact with the price (and bought or sold out of) before being identified by the indicator as a Liquidity Pool.
For example: When a zone is first displayed, it is considered as having been reached 1 time. When the zone is re-tested for the first time, this is considered the 2nd contact, since the price has seen the zone a total of 2 times.
Bars Required Between Each Contact: This is used to rule out (or in) consecutive candles reaching each zone from the calculation, adding a separation length between zone contact points to refine the zones produced.
For example: When set to "2", the first contact point (first re-test) will be ignored by the script if it is not at least 2 bars away from the initial zone proposal point.
Confirmation Bars: After a zone has reached the desired Contact Amount, this setting will cause the script to wait a specified number of bars before identifying a zone. While this might initially seem counterintuitive, by waiting, we are able to watch the market's reaction to the proposed zone and respond accordingly. If the price were to continue through the potential liquidity zone Immediately, it would not be logical to consider this area as a valid Liquidity Pool.
Displayed in this screenshot, you will see the specific points we are looking for in order to identify these zones.
🔹 Display
After a Liquidity Pool is identified, its boundary line is extended to the current price to keep it in view for reference. This extension will continue until the zone is mitigated (price has closed above or below the zone), after which it will stop extending.
Candles can optionally be colored when returning to the most recent Liquidity Pool if it is still unmitigated, and will only color after the zone is displayed on the chart. Because of this, if a candle is colored within a zone, then its color comes from being inside a previously unmitigated zone.
🔹 Volume
Each time a candle overlaps an Unmitigated Zone, a percentage of its volume will be accumulated to the total for each specific zone. The volume total is displayed on the right end of the extended boundary lines.
This volume data could help to determine the importance of specific zones based on the amount of volume traded within.
Note: This volume is fractional to the percentage of candles that are contained within the zone. If a candle is 50% within a zone, The zone will receive 50% of the candle's volume added to its current total.
🔶 SETTINGS
See above for a more detailed explanation of the "Zone Identification" parameters.
Zone Contact Amount: The number of times the price must bounce from this zone before considering it as a liquidity pool.
Bars Required Between Each Contact: The number of bars to wait before checking for another zone contact.
Confirmation Bars: The number of bars to wait before identifying a zone to confirm validity.
Display Volume Labels: Toggles the display for the volume readout for each Liquidity Pool.
Fill Candles Inside Zones: Toggles the display of colored candles within Liquidity Pools.
Risk Matrix [QuantraSystems]Risk Matrix
The Risk Matrix is a sophisticated tool that aggregates a variety of fundamental inputs, primarily external (non-crypto) market data is used to assess investor risk appetite. By combining external macroeconomic factors and proxies for liquidity data with specific signals from the cryptomarket - the Risk Matrix provides a holistic view of market risk conditions. These insights are designed to help traders and investors make informed decisions on when to adopt a risk-on or risk-off approach.
Core Concept
The Risk Matrix functions as a dynamic risk assessment tool that integrates both fundamental and technical market indicators to generate an aggregated Z-score. This score helps traders to identify where the market is in a risk-off or risk-on state, The system provides both binary risk signals and a more nuanced “risk seasonality” mode for deeper analysis.
Key Features
Global Liquidity Aggregate - The Liquidity score is a custom measure of global liquidity, built by combining a variety of traditional financial metrics. These include data from central bank balance sheets, reverse repo operations and credit availability. This data is sourced from organizations such as the U.S. Federal Reserve, the European Central Bank, and the People’s Bank of China. The purpose of this aggregate is to gauge how much liquidity is available in the global financial system - which often correlates with risk sentiment. Rising liquidity tends to boost risk-on appetite, while liquidity contractions signal increased caution (risk-off) in the markets. The data sources used in this global liquidity aggregate include:
- U.S. Commercial Bank Credit data
- Federal Reserve balance sheet and reverse repo operations
- Liquidity from major central banks including the Fed, Bank of Japan, ECB, and PBoC
- Asset performance from major global financial indices such as the S&P 500, TLT, DXY (U.S. Dollar Index), MOVE (bond market volatility), and commodities like gold and oil.
Other key Z-scores (measured individually) - The Risk Matrix also incorporates other major Z-scores that represent different facets of the financial markets:
- Collateral Risk - A measure of US bond volatility, where higher values indicate higher interest rate risk - leading to potential market instability and cautious market behaviors.
- Stablecoin Dominance - The dominance of stablecoins in the crypto markets - which can signal risk aversion the total capital allocated to stables increases relative to other cryptocurrencies.
- US Currency Strength - The U.S. Dollar Index Z-score reflects currency market strength, with higher values typically indicating risk aversion as investors sell more volatile assets and flock to the dollar.
- Trans-pacific Monetary Bias - Signals capital flow and monetary trends that link between the East and West, heavily influencing global risk sentiment.
- Total - A measure of the total cryptocurrency market cap, signaling broader risk sentiment with the crypto market.
Neural Network Synthesis - The NNSYNTH component adds a machine learning inspired layer to the Risk Matrix. This custom indicator synthesizes inputs from various technical indicators (such as RSI, MACD, Bollinger Bands, and others) to generate a composite signal that reflects the health of the cryptomarket. While highly complex in its design, the NNSYNTH ultimately helps detect market shifts early by synthesizing multiple signals into one cohesive output. This score is particularly useful for gauging momentum and identifying potential turning points in market trends. Because the NNSYNTH is a closed source indicator, and it is included here, the Risk Matrix by extension is a closed source indicator.
How it Works
Z-score Aggregation - The Risk Matrix computes a final risk score by aggregating several Z-scores from different asset classes and data sources, all of which contribute proportionally to the overall market risk assessment. Each input is equally weighted - normalization allows for direct comparisons across global liquidity trends, currency fluctuations, bond market volatility and crypto market conditions. Furthermore, this system employs multi-calibration aggregation - where each individual matrix is itself an aggregate of multiple Z-scores derived from various timeframes. This ensures that each matrix captures a distinct average across different time horizons before being combined into the overall Risk Matrix. This layered, multi timeframe approach enhances the precision and robustness of the final Z-score.
Risk-On / Risk-Off Mode - The system’s binary mode provides a clear Risk On and Off signal. This nature of this signal is determined by the behavior of the Z-score relative to the midline, or Standard Deviation Bands, depending on specific conditions:
Risk-On is signaled when the aggregated final Z-score crosses above 0. However, in extreme oversold conditions, Risk-On can trigger early if the upper standard deviation band falls below the zero line. In such cases, the Risk-On signal is triggered when the z-score crosses the upper standard deviation band - without waiting to cross the midline.
Risk-Off is signaled when the final Z-score moves below 0. Similarly, Risk-Off can also be triggered early if the lower standard deviation band rises above the midline. In this instance, Risk-Off is triggered when the Z-score crosses below the lower band.
Risk Seasonality Mode - This mode offers a more gradual transition between risk states, measuring the change in the Z-score to visualize the shifts in risk appetite over time. It's useful for traders seeking to understand broader market cycles and risk phases. The seasonality view breaks down the market into the following phases:
Risk-On - High risk appetite where risk/cyclical markets are generally bullish.
Weakening - Markets showing signs of cooling off, here the higher beta assets tend to sell off first.
Risk-Off - Investors pull back, and bearish sentiment prevails.
Recovery - Signs of bottoming out, potential for market re-entry.
Component Matrices - Each individual Z-score is visualized as part of the component matrices - scaled to a 3 Sigma range. These component matrices allow traders to view how each data source is contributing to the overall risk assessment in real time - offering transparency and granularity.
Visuals and UI
Main Risk Matrix - The aggregated Z-Score is displayed saliently in the main risk matrix. Traders and investors can quickly see what season the Risk Matrix is signaling and adjust their strategies accordingly.
Overview Table - A detailed overview table shows the current confirmed Z-scores for each component, along with values from 2, and 3 bars back. This helps traders spot trends and the rate of change (RoC) between signals, offering additional insights for shorter-term risk management.
Customizability - Users can customize the visual elements of the matrix, including color palettes, table sizes, and positions. This allows for optimal integration into any trader’s existing workspace.
Usage Summary
The Risk Matrix is an incredibly versatile tool. It is especially valuable as a means of achieving a cross-market view of risk, incorporating both crypto-specific and macroeconomic factors. Some key use cases include:
Adjusting Capital Allocation Based on Risk Seasons - Traders can use the Risk Matrix to adjust their capital allocation dynamically. During Risk-On periods, they might increase exposure to long positions, capitalizing on stronger market conditions. Conversely, during Risk-Off periods, traders could reduce or hedge long positions and potentially scale up short positions or move into safer assets.
Complementing Other Trading Systems - The Risk Matrix can work alongside other technical systems to provide context to market moves. For instance, a trend-following strategy might suggest an entry, but the Risk Matrix could be used to verify whether the broader market conditions support this trade. If the Matrix is in a Risk-Off period, a trader might opt for more conservative trade sizes or avoid the trade entirely.
This flexibility allows traders to adjust their strategies and portfolio risk dynamically, enhancing decision making based on broader market conditions - as indicated by external macroeconomic factors, liquidity, and risk sentiment.
Important Note
The Risk Matrix always uses the most up-to-date data available, ensuring analysis reflects the latest market conditions and macroeconomic inputs. In rare cases, governments or financial institutions revise past data - and the Risk Matrix will adjust accordingly. This behavior can only be seen in the Liquidity Matrix. and can affect the final score. While this is uncommon, it highlights the benefit of using a system that adapts in real-time, incorporating the most accurate and current information to enhance decision making processes.
Liquidity VisualizerThe "Liquidity Visualizer" indicator is designed to help traders visualize potential areas of liquidity on a price chart. In trading, liquidity often accumulates around key levels where market participants have placed their stop orders or pending orders. These levels are commonly found at significant highs and lows, where traders tend to set their stop-losses or take-profit orders. The indicator aims to highlight these areas by drawing unbroken lines that extend indefinitely until breached by the price action.
Specifically, this indicator identifies and marks pivot highs and pivot lows, which are price levels where a trend changes direction. When a pivot high or pivot low is formed, it is represented on the chart with a horizontal line that continues to extend until the price touches or surpasses that level. The line remains in place as long as the level remains unbroken, which means there is potential liquidity still resting at that level.
The concept behind this indicator is that liquidity is likely to be resting at unbroken pivot points. These levels are areas where stop-loss orders or pending buy/sell orders may have accumulated, making them attractive zones for large market participants, such as institutions, to target. By visualizing these unbroken levels, traders can gain insight into where liquidity might be concentrated and where potential price reversals or significant movements could occur as liquidity is taken out.
The indicator helps traders make more informed decisions by showing them key price levels that may attract significant market activity. For instance, if a trader sees multiple unbroken pivot high lines above the current price, they might infer that there is a cluster of liquidity in that area, which could lead to a price spike as those levels are breached. Similarly, unbroken pivot lows may indicate areas where downside liquidity is concentrated.
In summary, this indicator acts as a "liquidity visualizer," providing traders with a clear, visual representation of potential liquidity resting at significant pivot points. This information can be valuable for understanding where price might be drawn to, and where large movements might occur as liquidity is targeted and removed by market participants.
