2022 Model ICT Entry Strategy [TradingFinder] One Setup For Life🔵 Introduction
The ICT 2022 model, introduced by Michael Huddleston, is an advanced trading strategy rooted in liquidity and price imbalance, where time and price serve as the core elements. This ICT 2022 trading strategy is an algorithmic approach designed to analyze liquidity and imbalances in the market. It incorporates concepts such as Fair Value Gap (FVG), Liquidity Sweep, and Market Structure Shift (MSS) to help traders identify liquidity movements and structural changes in the market, enabling them to determine optimal entry and exit points for their trades.
This Full ICT Day Trading Model empowers traders to pinpoint the Previous Day High/Low as well as the highs and lows of critical sessions like the London and New York sessions. These levels act as Liquidity Zones, which are frequently swept prior to a market structure shift (MSS) or a retracement to areas such as Optimal Trade Entry (OTE).
Bullish :
Bearish :
🔵 How to Use
The ICT 2022 model is a sophisticated trading strategy that focuses on identifying key liquidity levels and price movements. It operates based on two main principles. In the first phase, the price approaches liquidity zones and sweeps critical levels such as the previous day’s high or low and key session levels.
This movement is known as a Liquidity Sweep. In the second phase, following the sweep, the price retraces to areas like the FVG (Fair Value Gap), creating ideal entry points for trades. Below is a detailed explanation of how to apply this strategy in bullish and bearish setups.
🟣 Bullish ICT 2022 Model Setup
To use the ICT 2022 model in a bullish setup, start by identifying the Previous Day High/Low or key session levels, such as those of the London or New York sessions. In a bullish setup, the price usually moves downward first, sweeping the Liquidity Low. This move, known as a Liquidity Sweep, reflects the collection of buy orders by major market participants.
After the liquidity sweep, the price should shift market structure and start moving upward; this shift, referred to as Market Structure Shift (MSS), signals the beginning of an upward trend. Following MSS, areas like FVG, located within the Discount Zone, are identified. At this stage, the trader waits for the price to retrace to these zones. Once the price returns, a long trade is executed.
Finally, the stop-loss should be set below the liquidity low to manage risk, while the take-profit target is usually placed above the previous day’s high or other identified liquidity levels. This structure enables traders to take advantage of the upward price movement after the liquidity sweep.
🟣 Bearish ICT 2022 Model Setup
To identify a bearish setup in the ICT 2022 model, begin by marking the Previous Day High/Low or key session levels, such as the London or New York sessions. In this scenario, the price typically moves upward first, sweeping the Liquidity High. This move, known as a Liquidity Sweep, signifies the collection of sell orders by key market players.
After the liquidity sweep, the price should shift market structure downward. This movement, called the Market Structure Shift (MSS), indicates the start of a downtrend. Following MSS, areas such as FVG, found within the Premium Zone, are identified. At this stage, the trader waits for the price to retrace to these areas. Once the price revisits these zones, a short trade is executed.
In this setup, the stop-loss should be placed above the liquidity high to control risk, while the take-profit target is typically set below the previous day’s low or another defined liquidity level. This approach allows traders to capitalize on the downward price movement following the liquidity sweep.
🔵 Settings
Swing period : You can set the swing detection period.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
FVG Length : Default is 120 Bar.
MSS Length : Default is 80 Bar.
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter: Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter: Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
🔵 Conclusion
The ICT 2022 model is a comprehensive and advanced trading strategy designed around key concepts such as liquidity, price imbalance, and market structure shifts (MSS). By focusing on the sweep of critical levels such as the previous day’s high/low and important trading sessions like London and New York, this strategy enables traders to predict market movements with greater precision.
The use of tools like FVG in this model helps traders fine-tune their entry and exit points and take advantage of bullish and bearish trends after liquidity sweeps. Moreover, combining this strategy with precise timing during key trading sessions allows traders to minimize risk and maximize returns.
In conclusion, the ICT 2022 model emphasizes the importance of time and liquidity, making it a powerful tool for both professional and novice traders. By applying the principles of this model, you can make more informed trading decisions and seize opportunities in financial markets more effectively.
Padrões gráficos
Midnight Opening Ranges [TDL]
Midnight Opening Ranges with Standard Deviations as taught by Micheal J. Huddleston
- Custom colors
- Up to 10 Std dev levels
- Midnight opening price
- Current and previous ranges with dates and midpoints
Malaysian SnR [by DanielM]The Malaysian SnR (Support and Resistance) levels are a popular trading concept that identifies specific price levels on charts which are considered significant for trading decisions. Here's a breakdown of the concepts:
A Levels and V Levels: These refer to specific types of SNR levels:
A Levels: These are formed at the highest points of price movements. The indicator highlights these levels with a red line.
V Levels: These are formed at the lowest points of price movements, typically observed as valleys in chart patterns. The indicator highlights these levels with a green line.
Fresh and Unfresh Levels:
Fresh Levels: These are price levels that have not been touched by a wick since their formation. They are considered more significant because they might provide a stronger reaction when the price touches these levels again.
Unfresh Levels: These are levels that have been touched by a wick since their formation. Each time a level is tested, it is considered less significant because it might offer weaker resistance or support. A level that has been tested can become fresh again if it's crossed by a candle body.
Gaps:
A gap occurs when you have two bullish candles or two bearish candles. It is defined as the area between the close of the first candle and the open of the next one. It is marked by drawing a line at the closing price of the first candle, thus representing the level where the gap was initially observed. The indicator highlights these levels with a blue lines for bullish gaps and violet lines for bearish gaps.
Fresh vs. Unfresh Gaps:
Similar to A and V levels, gaps can be classified as fresh or unfresh. A fresh gap is one that hasn't been touched by a wick after it was created. These are often considered more significant because they may hold stronger as potential support or resistance. Unfresh gaps have been touched by a wick, and they may be considered less significant. A gap that has been tested can become fresh again if it's crossed by a candle body.
Inputs:
Number of bars to look back to detect A levels, V levels, and Gaps.
Allows users to toggle the visibility of only fresh A and V levels.
Allows users to decide whether to display gap levels or not.
Allows users to decide whether to display only fresh gaps.
Allows the users to set the maximum number of A levels, V levels and gaps on the chart.
Auto Wyckoff Schematic [by DanielM]This indicator is designed to automatically detect essential components of Wyckoff schematics. This tool aims to capture the critical phases of liquidity transfer from weak to strong hands, occurring before a trend reversal. While the Wyckoff method is a comprehensive and a very nuanced approach, every Wyckoff schematic is unique, making it impractical to implement all its components without undermining the detection of the pattern. Consequently, this script focuses on the essential elements critical to identifying these schematics effectively.
Key Features:
Swing Detection Sensitivity:
The sensitivity of swing detection is adjustable through the input parameter. This parameter controls the number of past bars analyzed to determine swing highs and lows, allowing users to fine-tune detection based on market volatility and timeframes.
Pattern Detection Logic:
Accumulation Schematic:
Detects consecutive lower swing lows, representing phases like Selling Climax (SC) and Spring, which often precede a trend reversal upward. After the final low is identified, a higher high is detected to confirm the upward trend initiation.
Labeled Key Points:
SC: Selling Climax, marking the beginning of the accumulation zone.
ST: Secondary Test during the schematic.
ST(b): Secondary Test in phase B.
Spring: The lowest point in the schematic, signaling a final liquidity grab.
SOS: Sign of Strength, confirming a bullish breakout.
The schematic is outlined visually with a rectangle to highlight the price range.
Distribution Schematic:
Detects consecutive higher swing highs, which indicate phases such as Buying Climax (BC) and UTAD, often leading to a bearish reversal. After the final high, a lower low is detected to confirm the downward trend initiation.
Labeled Key Points:
BC: Buying Climax, marking the beginning of the distribution zone.
ST: Secondary Test during the schematic.
UT: Upthrust.
UTAD: Upthrust After Distribution, signaling the final upward liquidity grab before a bearish trend.
SOW: Sign of Weakness, confirming a bearish breakout.
The schematic is visually outlined with a rectangle to highlight the price range.
Notes:
Simplification for Practicality: Due to the inherent complexity and variability of Wyckoff schematics, the indicator focuses only on the most essential features—liquidity transfer and key reversal signals.
Limitations: The tool does not account for all components of Wyckoff's method (e.g., minor phases or nuanced volume analysis) to maintain clarity and usability.
Unique Behavior: Every Wyckoff schematic is different, and this tool is designed to provide a simplified, generalized approach to detecting these unique patterns.
Kronus 1-Hour High/Low Sweeps with Alerts
Hourly High/Low Monitoring: Tracks the high and low levels of hourly candles in real-time.
Sweep Detection: Identifies when the price sweeps above the hourly high or below the hourly low.
Line Drawing: Automatically draws a line on the chart to mark the swept hourly high or low.
Alert System: Sends instant alerts whenever a sweep occurs.
Super Trader by CryptoMitchXDocumentation for "Super Trader by CryptoMitchX"
This indicator combines two powerful trading tools: a swing trading system and a liquidity level detector. Below are strategies, optimization tips, and best practices for using this script effectively on TradingView.
Key Features:
Swing Trader:
Moving averages (MA50 and MA100) to identify trends.
Heiken Ashi style bars for smoothing price action.
SuperTrend indicator for generating delayed buy/sell signals to reduce noise and false signals.
Liquidity Levels:
Detects and visualizes bullish and bearish liquidity zones.
Allows users to choose between "Wicks Only," "Breaks & Retests," or a combined mode.
Configurable zone extension to see how long a zone remains valid.
Strategies for Use:
Trend Following:
Use the MA50 and MA100 to determine the overall trend direction.
Uptrend: MA50 is above MA100.
Downtrend: MA50 is below MA100.
Enter trades in the direction of the trend when buy/sell signals align with liquidity levels.
Liquidity Zone Interaction:
Watch for price interactions with identified liquidity zones.
Bullish Zone: Look for buy signals near bullish zones.
Bearish Zone: Look for sell signals near bearish zones.
Combine this with Heiken Ashi bars to confirm strong momentum before entering trades.
SuperTrend Signals:
Delayed buy/sell signals reduce overtrading and help capture stronger market moves.
Use these signals as confirmation rather than standalone triggers.
Optimization Ideas:
Adjust Swing Sensitivity:
The default swing length is set to 5. Increase it (e.g., to 7-10) for higher timeframes to focus on major price pivots.
Customize Zone Behavior:
Use the "Extend Zones" option to track long-lasting zones and assess market structure.
Adjust the "Maximum Zone Bars" parameter to manage clutter and maintain relevance.
Fine-Tune SuperTrend:
Modify the ATR Period and Factor settings to suit your preferred trading timeframe.
Lower ATR: More reactive to price changes.
Higher Factor: Reduces noise and false signals.
Use Volume Data:
Pay attention to the volume histogram. Zones with high-volume interactions are more significant and likely to hold as support or resistance.
Tips for Buying and Selling:
Buying:
Look for buy signals when price interacts with bullish liquidity zones and the MA50 is above MA100.
Confirm upward momentum with Heiken Ashi candles and high volume.
Use the delayed buy signal to ensure the market has committed to the move.
Selling:
Look for sell signals when price interacts with bearish liquidity zones and the MA50 is below MA100.
Confirm downward momentum with Heiken Ashi candles and increasing volume.
Wait for delayed sell signals to reduce false exits in a volatile market.
Additional Notes:
This indicator is best used on higher timeframes (e.g., 1H, 4H, or Daily) to reduce noise.
Combine with other indicators (e.g., RSI or MACD) for additional confirmation.
Always test and refine settings using the "Replay" mode on TradingView to optimize for your trading style.
CryptoMitchX Memecoin ShorterUpdate for "CryptoMitchX Memecoin Shorter" Indicator
New Features & Improvements:
Conditional Hiding of Recommendations:
SHORT Recommendations: These are now hidden when the RSI (Relative Strength Index) falls below 30, preventing signals during potentially oversold conditions.
Take Profit Recommendations: Hidden when the RSI goes above 60, avoiding signals in potentially overbought market conditions.
Refined Alert System:
Alerts for both SHORT and Take Profit signals now only trigger when the RSI conditions are met, ensuring more targeted notifications.
Code Optimization:
The script has been updated to address scope-related errors, improving its reliability and performance on the TradingView platform.
Technical Details:
RSI Implementation: The RSI is calculated with a 14-period length to determine market momentum.
Conditional Plotting: Instead of using direct conditional statements inside plotting functions, we now use boolean variables to control which signals are plotted, avoiding local scope issues.
Signal Tracking: Continues to track consecutive signals, but now with the added condition of RSI thresholds for more nuanced trading signals.
Usage:
Users will see a cleaner chart with signals only appearing when they are most relevant according to RSI levels, reducing false signals and improving the overall trading strategy experience.
I nstallation:
Simply update or replace the existing indicator script with this new version in your TradingView Pine Script editor.
Known Issues & Limitations:
This update does not include real sentiment analysis due to the limitations of Pine Script in accessing external data. The sentiment is simulated based on price volatility and direction.
Feedback:
We're eager to hear your feedback on these changes. If you encounter any issues or have suggestions for further improvements, please let us know.
Petru Indicator14 Day range. Percentage move. Analyzes first 14 days and percentage move after given window.
DH.Y. Candle Levels with Current and Previous LabelsThe calculation done here is fully automatic and dynamic, contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by incrementing/decrementing these digits. This means it works for any symbol under any price range.
Improved ICT Concepts hzOrder Blocks confirm 100% yas wiil hhgyuuyouuuuuuuuuyyghhjjjjuuyygggfffffffggyyyuuuuuuuuuuuuuuuuuuuuuu
Deepsek IndicatorThis TradingView Pine Script indicator combines EMA crossovers (for trend direction) and RSI (for momentum) to generate Buy/Sell signals. It includes customizable Take Profit (TP) and Stop Loss (SL) levels, plotted directly on the chart.
Key Features
Signal Types:
EMA Crossover: Triggers Buy when a fast EMA crosses above a slow EMA; Sell on the reverse.
RSI Divergence: Buy when RSI exits oversold (30); Sell when RSI exits overbought (70).
Risk Management:
Set TP/SL as fixed percentages (e.g., 2% TP) or fixed price points.
Visual horizontal lines mark entry price, TP (teal dashed), and SL (red dashed).
Visual Clarity:
Labels (BUY/SELL) with arrows at signal points.
Plots EMAs (fast/slow) and RSI for trend/momentum confirmation.
Flexibility:
Adjust parameters (EMA lengths, RSI settings, TP/SL rules) via input settings.
Alerts for real-time signal notifications.
Purpose:
Designed to simplify entries/exits with clear rules, enforce disciplined risk management, and adapt to multiple markets (stocks, forex, crypto).
RSI + MACD Combined by Majidbest of all i have combined the most traded indicators in one for you to ease the trading
[COG]MTF RZP Heatmap MTF RZP Heatmap (Range Zone Pulse)
What It Does
This indicator creates three visual heatmaps that show how current price movement compares to the average range of different timeframes. It helps traders:
Identify when price moves are overextended
Compare momentum across different timeframes
Spot potential reversal points
Understand the relative strength of price movements
How It Works
Range Calculation:
For each selected timeframe, it calculates an average range based on the specified number of periods
The range is measured from high to low for each period
A moving average of these ranges creates a dynamic "normal" range for that timeframe
Position Calculation:
Measures how far price has moved from the period's opening price
Compares this movement to the average range
Converts the movement into a percentage (-100% to +100%)
Visual Display:
Shows three vertical heatmaps, one for each timeframe
Colors graduate from bearish (typically red) to bullish (typically green)
A dot indicator shows the current position within each range
Percentage labels show exact movement relative to average range
Trading Applications
Trend Trading:
Multiple timeframes aligned in the same color suggest strong trend
Use larger timeframes (Daily/Weekly) for trend direction
Use smaller timeframes (4H/1H) for entry timing
Mean Reversion:
Extreme readings (near +100% or -100%) suggest overextended moves
Look for divergences between timeframes
Use when shorter timeframes show extremes but larger timeframes don't
Volatility Trading:
Compare current moves to average ranges
Identify when markets are more volatile than usual
Adjust position sizes based on range expansion/contraction
Multi-Timeframe Analysis:
Compare price action across different time horizons
Identify conflicting signals between timeframes
Use for timeframe alignment in trading decisions
Best Practices for Usage
Timeframe Selection:
Set the first timeframe to your trading timeframe
Set the second timeframe to your trend timeframe
Set the third timeframe to your entry timeframe
Range Period Settings:
Default is 5 periods
Increase for more stable readings
Decrease for more responsive readings
Color Interpretation:
Darker colors indicate stronger moves
Look for alignment across timeframes
Watch for extremes in any timeframe
Trading Setups:
Wait for alignment in multiple timeframes
Use extreme readings for counter-trend trades
Combine with other indicators for confirmation
RSI + Auto Support + SMC + MA 20/50+volumCombining Smart Money Concepts (SMC), volume analysis, moving averages, automatic support/resistance detection, and RSI high signals can create a powerful TradingView script for technical analysis and decision-making. Here's an outline of how you can integrate these elements into a Pine Script strategy or indicator:
Smart Money Concepts (SMC):
Identify market structure: Higher highs (HH), higher lows (HL), lower highs (LH), and lower lows (LL).
Highlight key order blocks and liquidity zones.
Volume Analysis:
Use volume as a confirmation tool for breakouts or reversals.
Display relative volume levels to spot unusual activity.
Moving Averages:
Include popular moving averages (e.g., SMA, EMA) for trend detection.
Use crossovers for entry/exit signals.
Auto Support/Resistance:
Automatically plot support and resistance zones based on pivot highs/lows.
Highlight areas of confluence with SMC or volume zones.
RSI High Signals:
Identify overbought/oversold levels on the RSI.
Mark divergence areas for potential reversals.
Here’s a simplified Pine Script to start with:
This script integrates SMC (HH/LL), volume, moving averages, RSI, and auto support/resistance into a single indicator. You can modify it to suit your trading style by adjusting lengths or adding alerts for specific conditions. Let me know if you’d like to refine or expand any part!
Bullish/Bearish Reversal ArrowsThe Bullish/Bearish Reversal Arrows Indicator is designed to identify potential reversal points in the market based on two key technical analysis tools: the MACD (Moving Average Convergence Divergence) and the RSI (Relative Strength Index).
Bullish Reversal:
A green upward arrow appears below the price bar when the MACD line crosses above the signal line (bullish crossover) and the RSI is in the oversold region (below the specified RSI oversold level).
This indicates a potential shift from a bearish trend to a bullish trend, signaling a possible buy opportunity.
Bearish Reversal:
A red downward arrow appears above the price bar when the MACD line crosses below the signal line (bearish crossunder) and the RSI is in the overbought region (above the specified RSI overbought level).
This indicates a potential shift from a bullish trend to a bearish trend, signaling a possible sell opportunity.
Features:
Combines two popular indicators (MACD and RSI) to increase accuracy.
Plots clear green upward arrows for bullish reversals and red downward arrows for bearish reversals directly on the chart.
Customizable inputs:
Adjust the MACD fast, slow, and signal lengths.
Set the RSI length and thresholds for oversold and overbought conditions.
Use Case:
This indicator is suitable for traders looking for:
Visual cues for potential market reversals.
Confirmation of oversold and overbought conditions using RSI.
An additional layer of decision-making for entry and exit points.
Note: As with all indicators, this tool should not be used in isolation. Combine it with other analysis techniques and risk management strategies for the best results.
VWAP Trading Signalsシグナルの動作イメージ
チャートに表示される内容:
VWAPライン（オレンジ）。
買いエントリー（緑ラベル）と売りエントリー（赤ラベル）。
利確または損切時のラベル。
シグナル例:
価格がVWAPを下回ると、BUYシグナル。
価格がVWAPを上回ると、SELLシグナル。
利確または損切条件を満たすと対応するシグナルを表示。
APE1 - Smart Money Concepts and EMAs This indicator is based on the SMC of Lux ALGO but I have added the exponential emas 9, 20, 50, 100 and 200, you can configure it as you like, including labels, prices and discount zones, balance and premium. IT WORKS IN ALL TIMEFRAMES.
Market Sessions and OverlapsMarket Sessions and Overlaps Indicator
This script, titled " Market Sessions and Overlaps ," provides a detailed visualization of major global trading sessions—Asia, Europe, and New York—along with the periods where these sessions overlap. It is designed to assist traders in understanding session timings and overlaps in their local time zone. Key features include:
Session Visualization: Highlights the Asia, Europe, and New York trading sessions directly on the chart with customizable colors and transparency for better clarity.
Overlap Identification: Marks the overlapping periods between Asia-Europe and Europe-New York sessions, where market activity often intensifies, with distinct candle colors.
Time Zone Support: The script allows users to select their local time zone, ensuring all session times are displayed accurately, no matter the user’s location.
Alerts for Key Events: Includes optional alerts to notify users of session openings, closings, and the start or end of overlap periods.
This indicator serves as a visual tool for tracking session-specific activity and liquidity. It is configurable to match individual preferences, enabling better alignment with trading strategies.
Disclaimer: This script is for informational purposes only and does not provide financial advice. Please consult a licensed financial advisor for personalized trading guidance.
Engulfing and ATR-Imbalance [odnac]This Pine Script indicator combines two powerful concepts—Engulfing Candlestick Patterns and ATR Imbalance—to identify potential market reversal points with increased precision.
Engulfing Candlestick Patterns:
Bullish Engulfing: Identified when a candle closes higher than it opens, and it completely engulfs the previous candle (previous close is lower than the current open, and previous high is lower than the current close).
Bearish Engulfing: Identified when a candle closes lower than it opens, and it completely engulfs the previous candle (previous close is higher than the current open, and previous low is higher than the current close).
Bar Coloring: These patterns are highlighted with a customizable color (light gray by default) to make them easily identifiable.
ATR-Based Imbalance:
The Average True Range (ATR) is used to measure market volatility, and this script checks if the current candle’s range (difference between high and low) exceeds a defined multiple of the ATR, indicating a possible imbalance.
Imbalance Detection: If the current candle’s range is greater than ATR * imbalance multiplier (default multiplier: 1.5), it is marked as an ATR imbalance.
Bar Coloring: Candles with a significant imbalance (greater range than the ATR-based threshold) are highlighted in yellow, indicating an outlier or extreme price movement.
Engulfing + ATR Imbalance:
When both a Bullish Engulfing pattern and an ATR Imbalance are detected, a green triangle up is plotted below the bar, signaling a potential bullish reversal.
Conversely, when both a Bearish Engulfing pattern and an ATR Imbalance occur, a red triangle down is plotted above the bar, signaling a potential bearish reversal.
User Inputs:
Engulfing Plot: Enable or disable the plotting of Engulfing Candles.
ATR Length: Set the period used to calculate the ATR (default is 5).
Imbalance Multiplier: Adjust the multiplier to define the threshold for ATR imbalance detection (default is 1.5).
Bar Colors: Customizable color for both Engulfing candles and Imbalance candles.
Engulfing & Imbalance Plot: Enable or disable plotting of the combined conditions (Engulfing + ATR Imbalance) with arrows.
How This Indicator Helps:
By combining price action patterns with volatility analysis, this indicator highlights high-probability reversal points where significant price movement (imbalance) coincides with a clear Engulfing pattern. Traders can use these signals to time entries or exits based on both price action and market volatility.
Blue & White 4 MA 3 SMA w/Buy & Sell at crossover IndicatorKeeping this simple. I have used this on the 1HR and 4HR, however lower time frames could be good. The indicator works on the premise of a fast 4MA crossing over a 3 SMA putting out buy and sell signals at those crossovers. I have a 15 and 50 ma to use as direction cutter lines. Wherein "buys" ONLY qualify when above said 15 and/or 50 ma, and "Sells" ONLY qualify when signal is below 15 and/or 50 ma. The buy and sell price is indicated by the "Dotted" Line whereas the flag is there merely to indicate the line itself. As usual and with anything and everything consolidation is a killer...
JM204r System
### 3. **Fibonacci in the Context of Trading**
Fibonacci retracements and extensions are used to identify potential support and resistance levels:
- **Retracement Levels**: Common levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
- **Extension Levels**: Used for targets or breakouts, such as 127.2%, 161.8%, and beyond.
- Traders use these levels alongside CHOCH to confirm price action at key zones.
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### 4. **with Fibonacci & CHOCH Filter**
**Key Features of the JOYBB_v4Fo Implementation:**
1. - Measure volatility using standard deviation and a moving average.
- Upper, Middle, and Lower Bands are dynamic support/resistance zones.
2. **Fibonacci Filter:**
- Overlay Fibonacci retracement levels on price movements.
- Check confluence between Fibonacci levels and Bollinger Bands.
3. **CHOCH Confirmation:**
- Identify CHOCH zones (key breakouts or breakdowns of structural highs and lows).
- Apply this as a secondary filter for trend confirmation or reversal.
4. **Logic Workflow:**
- Check if the price reacts at a key Fibonacci level (e.g., 61.8%).
- Confirm reversal or continuation via CHOCH (e.g., breaking prior highs/lows).
- Output signal: Enter a trade or avoid false signals by requiring confluence.
5. **Customization:**
- Inputs: Fibonacci levels, CHOCH thresholds.
- Output: Signals on charts (e.g., arrows, zones), buy/sell alerts.
The JM204r trading system identifies trend reversals by detecting breaks in market structure highs/lows. It combines price action with key tools like Fibonacci levels and Bollinger Bands for precise entries/exits.
Multi-Stock Cross SignalsBased on the high probability of future trading, use premium and discount to increase accuracy.
