OPEN-SOURCE SCRIPT
Pipstocrat Technical Patterns: EngVol, FVG & OB
Key Features:
Fair Value Gaps (FVG): Highlights price imbalances where liquidity is likely to be filled.
Order Blocks (OB): Identifies key institutional buying and selling zones for potential reversals.
Wick-Based Supply & Demand (WSD): Detects areas of strong rejection for precise entry signals.
Engulfing Candle with Volume Confirmation: Marks strong reversals when supported by volume.
How to Use:
Look for rejection at OB, FVG, or WSD zones before entering a trade.
Confirm entry signals with engulfing candles backed by volume to reduce false breakouts.
Manage risk using a Risk-Reward Ratio (1:3 to 1:9) for optimal trade execution.
This indicator is ideal for traders who follow smart money concepts and want to align with institutional liquidity movements. It provides real-time visual cues for entry and exit, helping traders refine their strategy and increase their edge in the market.
Fair Value Gaps (FVG): Highlights price imbalances where liquidity is likely to be filled.
Order Blocks (OB): Identifies key institutional buying and selling zones for potential reversals.
Wick-Based Supply & Demand (WSD): Detects areas of strong rejection for precise entry signals.
Engulfing Candle with Volume Confirmation: Marks strong reversals when supported by volume.
How to Use:
Look for rejection at OB, FVG, or WSD zones before entering a trade.
Confirm entry signals with engulfing candles backed by volume to reduce false breakouts.
Manage risk using a Risk-Reward Ratio (1:3 to 1:9) for optimal trade execution.
This indicator is ideal for traders who follow smart money concepts and want to align with institutional liquidity movements. It provides real-time visual cues for entry and exit, helping traders refine their strategy and increase their edge in the market.
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