Vietnamese Market Structure With CountersThis indicator is designed to track Market Structure with Swing-Low Breakdowns and Swing-High Breakups specifically tailored for the Vietnamese stock market, though it can be applied elsewhere too. By default, it uses a 10-period EMA to dynamically detect key turning points in price action and count significant breakdowns or breakups from previous swing levels.
As an open source, you can modify the source code to match your needs.
What it does:
Detects when price breaks below previous swing lows or above previous swing highs.
Plots swing levels for both highs and lows.
Displays labeled counters on the chart to show how many consecutive breakdowns or breakups have occurred.
Helps traders identify trend shifts and possible exhaustion in moves.
Why it's useful:
This tool is great for visually tracking market momentum and structure changes — especially in trending or volatile environments. It emphasizes structure over indicators, helping you understand price behavior in a simplified, intuitive way.
License:
This script is published under the Mozilla Public License 2.0. Feel free to use, modify, and contribute!
Created with care by @doqkhanh.
If you find it useful, consider leaving a comment or sharing it with others!
Choch
Radi IQ [TradingIQ]Introducing "Radi IQ".
Radi IQ is a comprehensive market structure indicator designed to provide traders with a detailed view of key price levels and market behavior. It combines several analytical methods—including internal and external structure analysis, fair value gaps, order blocks, breaker blocks, rejection blocks, premium discount zones, equal levels, directional liquidity grabs, and trend meters —to help users better understand areas of support and resistance, potential turning points, and liquidity events in the market.
Key Components and Their Functions
Market Structure Analysis
Internal and External Structure : The indicator evaluates market structure on two levels. The internal analysis focuses on immediate price action (e.g., recent support/resistance and swing points), while the external analysis uses a higher timeframe to provide context. This dual approach helps to confirm the strength of key levels by comparing short-term moves with the broader market trend.
Break of Structure (BoS) and Change of Character (CHoCH) : These signals highlight moments when the market shifts its behavior. A BoS indicates that a previous level of support or resistance has been overcome, while a CHoCH signals a change in the market’s character. Both are marked clearly on the chart using distinct color codes.
Break of Structure + (BoS+) and Change of Character + (CHoCH+) : These signals highlight moments when the market shifts its behavior and is confirmed by prior price action. A BoS + indicates that a previous level of support or resistance has been overcome, while price action achieves higher highs and higher lows (resistance break) or lower highs and lower lows (support break). CHoCH + signals a change in the market’s character when supported by prior price action - lower highs for a support break and higher lows for a resistance break.
BoS and CHoCH
The image above shows BoS and CHoCH identified on the price chart, and explains what each signifies.
A Break Of Structure (BoS) occurs when price decisively moves beyond a previously established support or resistance level. It indicates that the current trend or market pattern is being challenged, and the market may be ready to change direction.
A Change of Character (CHoCH) describes a shift in how the market behaves. A CHoCH occurs when, in an uptrend, a previously established support level breaks, or in a downtrend, a previously established resistance level breaks.
This break indicates that the market's typical structure is shifting, suggesting that the current trend may be losing its strength and that a reversal or a new trend could be developing.
CHoCH+
The image above explains CHoCH+ and how it forms, while highlighting an instance where a downside CHoCH+ formed following lower highs.
A Change of Character + (CHoCH+) describes a shift in how the market behaves that is supported by prior price action. For support breaks, price must form lower highs before breaking support.
The image above explains CHoCH+ for resistance breaks, while highlighting an instance where a resistance point broke that was supported by prior price action.
BoS+
The image above explains BoS+ and how it forms, while highlighting an instance where an upside BoS+ formed following higher highs and higher lows.
A BoS+ resistance break requires higher highs and higher lows prior to the resistance point being closed over.
The image above explains BoS+ support break, while highlighting an instance where a downside BoS+ formed following lower highs and lower lows.
A BoS+ support break requires lower highs and lower lows prior to the support point being closed under.
Future BoS and CHoCH
Radi IQ also displays where the next BoS and CHoCH points are located.
The image above shows the feature in action. With this, traders will always know where the next key support/resistance breakpoints are before they actually occur.
Fair Value Gaps (FVG)
The indicator identifies gaps in the price where little or no trading occurred—known as fair value gaps. These gaps can act as temporary support or resistance and may indicate areas where the market is likely to correct. FVGs are displayed with clear color gradients that differentiate between upward and downward gaps.
The image above shows an identified upside FVG. In the image, the identified upside FVG acted as a support point for price.
The image above shows an identified downside FVG. In the image, the identified downside FVG acted as a resistance point for price.
Low Volume FVG
In addition to identifying trading FVGs - Radi IQ can also specifically detect low volume fair value gaps. Ideally, these fair value gaps will form inside a low volume node on a volume profile.
Low volume node FVGs are important because these are areas where very little trading occurred and is confirmable, indicating an imbalance in supply and demand. Since few trades took place there, the market often moves quickly through these zones when revisited, which can lead to rapid price changes. This "gap" in trading activity can serve as a signal for potential reversals or fast moves, offering opportunities to enter or exit positions based on expected market behavior.
The image above shows identified FVGs that formed on low volume.
Large Area FVGs
Radi IQ is also capable of filtering out “inconsequential” FVGs. With this, Radi IQ can be enabled to only mark FVGs that cover a wide price range.
The image above shows the feature enabled, and all identified FVGs formed with a wide price range.
Large Area FVGs and Low Volume FVGs Combined
Traders can also enable Radi IQ to only mark FVGs that form on low volume and have a wide price range - allowing traders to only identify the highest quality FVGs on the chart.
Order Blocks and Premium Discount Zones
Order Blocks: Radi IQ detects areas where large orders have previously been placed by institutional traders. These blocks can act as strong levels of support or resistance, and the indicator marks bullish and bearish order blocks with dedicated colors.
What is an order block?
Order blocks are clusters of orders that institutions have executed to enter or exit a market position. They typically form when there is a period of consolidation before a significant move. For example, the last bullish candle before a strong down move may indicate a supply order block, while the last bearish candle before a sharp rally might be considered a demand order block.
Why They Form:
Institutions don’t trade in small, sporadic amounts; they accumulate or distribute large volumes of an asset. To avoid slippage and minimize market impact, they execute these orders over a zone rather than at a single price point. This creates a recognizable “block” on the chart.
Order Block Identification Types
Strength Score
The “Strength Score” order block detection mode is a TradingIQ proprietary ranking system for identified order blocks.
Purpose
The purpose of the “Strength Score” ranking system is to determine the “strength” or significance of an order block and rate the zone’s likelihood to act as support/resistance when retested in the future.
The scoring system ranks from 0 - 10, with “0” indicating a “weak” score or low likelihood of acting as a key support/resistance level when retested in the future.
A rating of “5” indicates a “moderate” score, indicating that the order block has a moderate likelihood of acting as a key support/resistance level when retested in the future.
A rating of “10” indicates a “strong” score, indicating that the order block has a strong likelihood of acting as a key support/resistance level when retested in the future.
How It Works
The score is calculated by examining the price move following the formation of an order block. The stronger the price move after an order block forms - the higher the Strength Score.
The image above shows a bearish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
The image above shows a bullish order block with a score of “5” identified on the chart. The order block successfully operates as a resistance point when retested.
Volume-Based
The volume-based order block detection method detects traditional order blocks, but goes one step further by identifying the highest concentration point of volume for the bar and drawing the order block around this concentration point.
Key features when using the volume-based order block detection method:
The top of the order block is anchored to the top of the highest volume concentration point of the bar
The bottom of the order block is anchored to the bottom of the highest volume concentration point of the bar
The total volume that went into creation of the order block is displayed on the chart
The total volume of the order block is recorded as a percentage relative to the total volume for all order blocks on the chart
The image above shows the detection method in action.
Breaker Blocks
A breaker block is a specific type of order block that gains significance when price breaks through it and then often retests the level as a new area of support or resistance. Essentially, it’s a zone where, after the initial break, the previous level (which once acted as strong support or resistance) flips roles. For example, in an uptrend, if the price falls below a key support level, that level can become a breaker block and act as resistance if the price tries to move back up. Conversely, in a downtrend, a broken resistance level can serve as new support. Traders monitor breaker blocks because they often mark a shift in market sentiment and can provide potential entry or exit points once the market re-engages with these levels.
The image above shows a breaker block above price acting as resistance.
The image above shows a breaker block below price acting as support.
Rejection Blocks
A rejection block is a price area where the market shows a strong unwillingness to move beyond a certain level. This typically happens when price approaches a specific level but then is quickly rejected, leading to a bounce in the opposite direction. In other words, a rejection block forms when traders' orders create a barrier, causing the price to reverse rather than break through. Traders watch these areas closely, as they often signal a strong concentration of supply or demand that could provide potential entry or exit points for trades.
The image above shows both a verified upside rejection block acting as resistance, and an untested downside rejection block.
Rejection blocks are expected to function as strong support/resistance points when retested in the future.
Premium Discount Zones
Premium Discount Zones : These zones reflect areas where price is trading above (premium) or below (discount) a fair value range. They help traders gauge whether the current market price is relatively high or low compared to historical averages.
Premium Discount Zones account for recent swing highs and lows to calculate a fair value along with discount and premium prices over an intermediate time window.
The image above shows the premium and discount price zones in action.
Equal Levels
The indicator also tracks and highlights equal levels, which occur when the market repeatedly tests the same price levels. Equal levels can reinforce the significance of a support or resistance area and are represented by their own set of color markers.
The image above shows Radi IQ distinguishing equal highs and equal lows.
Equal Highs
When you see two or more highs that are approximately the same, it suggests that the market is repeatedly rejecting attempts to push higher. This signals a strong resistance level where sellers (or stop-hunters) are active.
Equal Lows
Similarly, consecutive lows at the same level indicate strong support, where buyers step in consistently, preventing further decline.
Strong Highs and Lows
Strong High
A strong high is a price level where the market repeatedly fails to push higher. Typically, it’s characterized by:
Rejection: Price approaches the high but then reverses sharply, often leaving long upper wicks on the candlestick chart.
Consolidation: Multiple bars might show highs that are very close in value (often termed "equal highs"), indicating a well-established resistance zone.
Market Sentiment: This pattern suggests that sellers are actively defending that level, preventing further upward movement.
Strong Lows
Conversely, a strong low is a price level where the market repeatedly fails to break lower. It is identified by:
Bounce Back: Price touches the low and then rebounds sharply, often leaving long lower wicks.
Consistency: Multiple lows occur around the same level (sometimes referred to as "equal lows"), marking a solid support area.
Market Sentiment: This indicates that buyers are stepping in at that level, absorbing selling pressure and supporting the price.
The image above shows Radi IQ detecting both a strong high and strong low, while the detected strong low acts as support when retested.
Liquidity Grabs
Liquidity grabs occur when the market temporarily moves to absorb liquidity, often triggering stop-loss orders and leading to rapid price movements. Radi IQ flags these events by identifying conditions where price moves against recent pivots, helping traders spot potential liquidity-related reversals or breakouts.
The image above shows Radi IQ identifying both an upside liquidity grab and a downside liquidity grab.
Upside Liquidity Grab (Bearish)
An upside liquidity grab happens when the price moves above a well-known resistance area or recent high. This move is often short-lived.
Many traders place stop-loss orders or pending buy orders just above resistance levels. Institutional players may intentionally push price upward to trigger these orders, thereby “grabbing” the liquidity available at that level.
Downside Liquidity Grab (Bullish)
A downside liquidity grab is the mirror image: the price briefly dips below a key support level or recent low.
Traders often place stop-loss orders or pending sell orders just below support levels. An intentional drop below this support can trigger these stops, allowing institutional players to capture liquidity.
Multi-Timeframe Analysis and Swings
By using data from different timeframes, Radi IQ offers a broader perspective on market trends. It highlights significant swing highs and swing lows, providing visual cues that indicate the market’s directional bias. This feature assists traders in identifying both short-term opportunities and long-term trends.
The image above shows Radi IQ detecting higher swings and lower swings.
IQ Meters / Fibometer
IQ Meters (Fibometers) are a proprietary TradingIQ tool that allows traders to easily identify the highs and lows of the current trend and where current price is relative to these points.
The image above depicts the IQ Meters—an exclusive TradingIQ tool designed to help traders evaluate trend strength and retracement opportunities.
When the lower timeframe Zig Zag IQ and the higher timeframe Zig Zag IQ are out of sync (i.e., one is uptrending while the other is downtrending, with no active positions), the meters display a neutral color as shown in the image.
The key to using these meters is to identify trend unison and pinpoint key trend retracement entry opportunities. Fibonacci retracement levels for the current trend are interlaced along each meter, and the current price is converted to a retracement ratio of the trend.
These meters can mathematically determine where price stands relative to the larger and smaller trends, aiding in identifying entry opportunities.
The top of each meter indicates the highest price achieved during the current price move.
The bottom of each meter indicates the lowest price achieved during the current price move.
When both the larger and smaller trends are in sync and uptrending, or when a long position is active, the IQ meters turn green, indicating uptrend strength.
When both meters are green, it indicates uptrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
When both trends are in sync and downtrending, or when a short position is active, the IQ meters turn red, indicating downtrend strength.
When both meters are red, it indicates downtrend strength as both the higher timeframe trend and lower timeframe trend are in unison. Look for price to retrace to key fibonacci retracement levels during this time period.
Summary
Radi IQ serves as a robust, data-driven tool for traders who seek a deeper understanding of market structure. By integrating internal and external analysis, fair value gap detection, order block identification, premium discount zoning, equal level tracking, liquidity grabs and much more into one indicator, it offers a multi-layered view of the market. This helps traders not only recognize potential turning points and areas of market stress but also manage risk more effectively and plan their trades with greater precision. The indicator’s clear visual representation and dynamic updates make it a practical addition to any trader’s toolkit.
Smart Money Breakouts [ChartPrime]The " Smart Money Breakouts " indicator is designed to identify breakouts based on changes in character (CHOCH) or breaks of structure (BOS) patterns, facilitating automated trading with user-defined Take Profit (TP) level.
the indicator incorporates essential elements such as volume analysis and a data table to assist traders in optimizing their strategies.
🔸 Breakout Detection:
The indicator scans price movements for "Change in Character" (CHOCH) and "Break of Structure" (BOS) patterns, signaling potential breakout opportunities in the market.
🔸User-Defined TP :
Traders can customize the Take Profit (TP) through the indicator settings, with these levels dynamically calculated based on the Average True Range (ATR). This allows for precise risk management and profit targets that adapt to market volatility.
🔸 Volume Analysis and Trade Direction Specific Analysis:
The indicator includes a volume checker that provides valuable insights into the strength of the breakout, taking into account trade direction.
🔸If the volume label is red and the trade is long, it suggests a higher likelihood of hitting the Stop Loss (SL).
🔸If the volume label is green and the trade is long, it indicates a higher probability of hitting the Take Profit (TP).
🔸For short trades, a red volume label suggests a higher likelihood of hitting TP, while a green label suggests a higher likelihood of hitting SL.
🔸A yellow volume label suggests that the volume is inconclusive, neither favoring bullish nor bearish movements.
🔸Data Table:
The indicator features a data table that keeps track of the number of winning and losing trades for specific timeframes or configurations.
This table serves as a valuable tool for traders to analyze performance and discover optimal settings and timeframes.
The "Smart Money Breakouts" indicator provides traders with a comprehensive solution for breakout trading, combining technical analysis of changes in character and breaks of structure, volume insights, and performance tracking while dynamically adjusting TP and SL levels based on market volatility through the ATR.
Market Structure MTF Trend [Pt]█ Author's Notes
There are numerous market structure indicators in the TradingView library, each offering a unique approach to identifying price action shifts. Market Structure MTF Trend was created with simplicity and flexibility in mind—providing a highly customizable multi-timeframe setup, visually clear trendlines, and straightforward labeling. This combination helps both new and experienced traders easily spot and interpret market structure changes.
█ Overview
Market Structure MTF Trend is a powerful yet user-friendly indicator designed to identify and visualize key turning points in price action. It focuses on two core concepts:
Change of Character (CHoCH): A momentary shift in the market’s behavior, signaling that the current price movement may be losing momentum and could soon reverse.
Break of Structure (BoS): A more definitive event confirming a new price pattern, where the market establishes a fresh trend direction by surpassing previous swing highs or lows.
By combining these signals across up to four different timeframes, even traders unfamiliar with market structure can quickly learn to spot and validate potential trend reversals or continuations.
█ Key Features
Multi-Timeframe Analysis: Monitors CHoCH and BoS events simultaneously on multiple intervals (e.g., 15m, 30m, 60m, 240m), providing a clear, layered understanding of market dynamics.
Straightforward Visual Cues: Labels are placed directly on the chart at swing highs and lows, while colored bars at the bottom give an instant snapshot of whether each timeframe is bullish or bearish.
Configurable Timeframes & Pivot Strength: Easily set up the desired intervals and adjust pivot strength to tune how sensitive the indicator is to minor price fluctuations.
Color-Coded Signals: Different colors help you distinguish between potential early reversals (CHoCH) and confirmed shifts (BoS), ensuring each signal’s importance is immediately clear.
█ Usage & Benefits
Learn Market Structure Basics: For those new to swing highs/lows, CHoCH, and BoS, the script’s on-chart labels and dynamic bar coloring provide a practical, visual way to grasp these concepts.
Spot Reversals Early: CHoCH alerts you to possible shifts in momentum, allowing you to anticipate trend changes before they fully develop.
Confirm Trend Breaks: BoS events confirm that the market has established a new directional bias, reinforcing higher‐probability entry or exit points.
Reduce Noise & Stay Focused: The multi-timeframe setup ensures you won’t overlook larger trends or get lost in smaller fluctuations.
Streamline Decision-Making: Color-coded bars let you gauge overall market sentiment at a glance—ideal for quickly validating trades without juggling multiple charts.
Market Structure MTF Trend is perfect for traders who want to learn or refine their understanding of price action. By integrating multiple timeframes into a single, cohesive interface, this tool highlights both subtle shifts and confirmed breaks in market structure, empowering you to trade with greater insight and confidence.
Sweep Engulf CHoCH📖 Indicator Overview
The Sweep Engulf CHoCH indicator is designed to detect the Sweep + Engulf + CHoCH (Change of Character) pattern on price charts. This indicator helps traders identify bullish and bearish entry opportunities based on the last three candles forming this pattern.
📊 How the Indicator Works
The indicator analyzes specific conditions in the last three candles:
🔹 Bullish Entry (Buy Signal)
✔️ Candle 1 must be bearish (close < open )
✔️ Candle 2 must sweep the low of candle 1 (low < low )
✔️ Candle 2 must also engulf candle 1 (close > close )
✔️ Candle 3 must break structure (CHoCH) by closing above the open of candle 1 (close > open )
🔻 Bearish Entry (Sell Signal)
✔️ Candle 1 must be bullish (close > open )
✔️ Candle 2 must sweep the high of candle 1 (high > high )
✔️ Candle 2 must also engulf candle 1 (close < open )
✔️ Candle 3 must break structure (CHoCH) by closing below the open of candle 1 (close < open )
Market RhythmMarket Rhythm
Overview
If you’re a price-action enthusiast who loves to stay on top of structural shifts in the market, Market Rhythm is here to supercharge your charting experience! This script automatically identifies swing points (HH, LH, HL, LL), detects breaks of structure (BOS), flags changes of character (CHoCH), and offers an optional Trade Tip to guide your next move. It also provides a sleek table summarizing the latest signals so you can confirm momentum or pivot-based ideas at a glance.
What It Does
Swing Detection
Spots the last few pivot highs and lows on your chart.
Labels them as HH (Higher High), LH (Lower High), HL (Higher Low), or LL (Lower Low).
You can display all identified swings or only the most recent ones.
Adaptive Swing Logic
Optionally invert your swing lengths when the script detects a bearish trend, allowing it to adapt pivot detection automatically.
This means if the market flips to a downtrend, pivot detection reconfigures itself in real time.
Break of Structure (BOS)
If price breaks above the previous swing high or below the previous swing low, the script prints a BOS line on the chart.
You can choose whether to confirm breakouts via candle closes or wicks.
CHoCH (Change of Character)
When a BOS flips from bullish to bearish (or vice versa) against the prior direction, it’s renamed CHoCH for added clarity.
Color-coded lines and labels let you instantly see if the market’s “character” is reversing.
Optional Trade Tip
The script can suggest “Look for Long” or “Look for Short” based on your last pivot type and overall trend direction.
This “Trade Tip” is completely optional: enable or disable it in the settings, and the table reconfigures itself automatically.
Information Table
A compact on-chart table gives you an at-a-glance summary of:
Trend – Are we bullish, bearish, or uncertain?
Last BOS – If there’s a recent break of structure, how many bars ago did it happen?
Last CHoCH – If the market made a sudden reversal, how many bars back?
Trade Tip (Optional) – Summarizes whether conditions favor a long or short setup, or if it’s best to wait.
Alerts
Built-in alert conditions let you know when a BOS or CHoCH happens (bullish or bearish).
Turn them on to receive notifications without staring at the screen all day.
Chart Elements
Swing Labels: “HH,” “LH,” “HL,” “LL” near the pivot bars.
BOS & CHoCH Lines: Solid/dashed/dotted lines drawn across your chart, marking the level of structure that got broken.
Color Codes: Bullish signals are tinted in blue-ish tones, bearish signals in pink/purple-ish tones, making it easy to parse your chart visually.
Trade Tip Row: If enabled, instantly highlights “Look for Long” or “Look for Short” in a color-coded cell (blue for long, purple for short, gray if none).
Key Settings
Swing Points
Swing Points Display: Show all pivots, only the last set, or no pivots at all.
Invert Right Swing in Bearish Trend: Automatically swap your “Right Swing Length (High)” and “Right Swing Length (Low)” once the script detects a bearish trend (signaled by the most recent CHoCH).
Left Swing Length / Right Swing Length High/Low: Control how sensitive pivot detection is for highs vs. lows.
Pivot Source: Decide if your pivots are based on candle closes or wicks.
BOS Settings
Show BOS: Hide or reveal the Break of Structure lines entirely.
BOS Confirmation: Candle closes or wicks needed for a “true” breakout.
Line Style / Width / Color: Customize the BOS lines to your liking.
Show Only Last BOS: Show only the freshest BOS or keep historical ones on the chart.
CHoCH Settings
Show CHoCH: Rename the first opposite BOS to CHoCH if desired.
Bullish/Bearish Colors: Pick your favorite color theme for CHoCH lines.
Line Style / Width / Show Only Last CHoCH: Similar customizing options as BOS lines.
Table Settings
Show Table: Toggle the entire summary table on/off.
Position & Text Size: Choose table location (top-left, bottom-right, etc.) and text size (small to huge).
Show 'Trade Tip' row: Decide whether to add a fourth row that suggests potential trade direction. If disabled, the table has only three rows (Trend, Last BOS, and Last CHoCH).
Alerts
Several alert conditions are built in (e.g., “Bullish BOS Alert,” “Bearish BOS Alert,” “CHoCH Alert,” etc.), so you can set notifications for real-time structural shifts.
Why You’ll Love It
Visual Clarity: No more guesswork on which pivot was broken or whether a CHoCH just took place—color-coded lines and labels handle it.
Flexible Pivot Logic: Candle closes vs. wicks, separate right swing lengths for highs and lows, and an adaptive approach if the market goes bearish.
Quick Glance Table: Summaries of the latest signals keep you in the loop without cluttering your chart.
Trade Tip Option: Let the script gently nudge you toward potential bullish or bearish setups—only if you want it to!
Alerts for Everything: BOS and CHoCH can trigger alerts so you never miss a key structural change.
Give Market Rhythm a go, and watch your chart transform into a dynamic story of structure breaks, pivot swings, and potential trade cues. Whether you’re a short-term scalper or a higher-timeframe swing trader, this tool aims to simplify your analysis and keep you laser-focused on what matters.
Dynamic Market Structure DetectorTitle: Dynamic Market Structure Detector – Real-Time BoS & ChoCH Signals
Short Description:
Identify market structure dynamically with real-time Break of Structure (BoS) and Change of Character (ChoCH) signals. Highlight untested support and resistance zones to improve trading precision.
Full Description:
The Dynamic Market Structure Detector is a powerful TradingView indicator designed for traders who want to automate the identification of key market structure levels. This indicator simplifies market analysis by dynamically tracking swing highs and lows, marking critical Break of Structure (BoS) and Change of Character (ChoCH) points, and highlighting untested support and resistance zones.
Key Features:
1. Real-Time Signals:
• Marks Break of Structure (BoS) and Change of Character (ChoCH) points as they occur.
• Automatically updates as the market evolves.
2. Dynamic Swing Highs and Lows:
• Tracks swing highs and lows based on user-defined sensitivity (Swing Length).
• Adjust swing length to tailor signals for intraday or swing trading.
3. Untested Zones Highlight:
• Visualize untested support and resistance zones dynamically.
• Opacity settings allow customization for better chart readability.
4. Customizable Inputs:
• Swing Length:
Adjust the sensitivity of BoS and ChoCH signals.
• Smaller Swing Length values (e.g., 3–5): Capture short-term market movements, ideal for intraday trading.
• Larger Swing Length values (e.g., 10–20): Focus on significant market structure changes for swing or positional trading.
Experiment with these values to find the best fit for your trading style.
• Untested Zone Opacity:
Control the visibility of highlighted support and resistance zones.
• Lower opacity values (e.g., 10–50): Make the zones more prominent, helpful for darker chart backgrounds.
• Higher opacity values (e.g., 70–90): Provide subtle highlights, better suited for lighter chart setups.
• A value of 100% renders the zones completely transparent (invisible).
Use this setting to customize the visual appearance of your chart while still retaining key zone information.
5. User-Friendly Visualization:
• Color-coded labels for BoS (Green) and ChoCH (Red).
• Highlight zones for untested areas using customizable colors (Support: Blue, Resistance: Orange).
Why Use This Indicator?
• Simplifies market structure analysis by automating key calculations.
• Helps traders identify potential trend reversals and continuation points.
• Reduces the need for manual charting, saving time and effort.
• Provides visual clarity on untested zones for better decision-making.
Recommended Usage:
• Intraday Traders: Use smaller Swing Length values (e.g., 3–5) to capture short-term market movements.
• Swing Traders: Opt for higher Swing Length values (e.g., 10–20) to focus on larger market structure changes.
• Monitor untested zones for potential price reactions, enhancing your trade entries and exits.
Notes :
This indicator is best suited for traders who prefer price action trading and market structure analysis. While the indicator provides reliable insights, it is recommended to use it in conjunction with other analysis tools for a holistic trading approach.
Credits:
Developed by TradeTech Analysis to empower traders with automated tools for smarter trading decisions.
One Shot One Kill ICT [TradingFinder] Liquidity MMXM + CISD OTE🔵 Introduction
The One Shot One Kill trading setup is one of the most advanced methods in the field of Smart Money Concept (SMC) and ICT. Designed with a focus on concepts such as Liquidity Hunt, Discount Market, and Premium Market, this strategy emphasizes precise Price Action analysis and market structure shifts. It enables traders to identify key entry and exit points using a structured Trading Model.
The core process of this setup begins with a Liquidity Hunt. Initially, the price targets areas like the Previous Day High and Previous Day Low to absorb liquidity. Once the Change in State of Delivery(CISD)is broken, the market structure shifts, signaling readiness for trade entry. At this stage, Fibonacci retracement levels are drawn, and the trader enters a position as the price retraces to the 0.618 Fibonacci level.
Part of the Smart Money approach, this setup combines liquidity analysis with technical tools, creating an opportunity for traders to enter high-accuracy trades. By following this setup, traders can identify critical market moves and capitalize on reversal points effectively.
Bullish :
Bearish :
🔵 How to Use
The One Shot One Kill setup is a structured and advanced trading strategy based on Liquidity Hunt, Fibonacci retracement, and market structure shifts (CISD). With a focus on precise Price Action analysis, this setup helps traders identify key market movements and plan optimal trade entries and exits. It operates in two scenarios: Bullish and Bearish, each with distinct steps.
🟣 Bullish One Shot One Kill
In the Bullish scenario, the process starts with the price moving toward the Previous Day Low, where liquidity is absorbed. At this stage, retail sellers are trapped as they enter short trades at lower levels. Following this, the market reverses upward and breaks the CISD, signaling a shift in market structure toward bullishness.
Once this shift is identified, traders draw Fibonacci levels from the lowest point to the highest point of the move. When the price retraces to the 0.618 Fibonacci level, conditions for a buy position are met. The target for this trade is typically the Previous Day High or other significant liquidity zones where major buyers are positioned, offering a high probability of price reversal.
🟣 Bearish One Shot One Kill
In the Bearish scenario, the price initially moves toward the Previous Day High to absorb liquidity. Retail buyers are trapped as they enter long trades near the highs. After the liquidity hunt, the market reverses downward, breaking the CISD, which signals a bearish shift in market structure. Following this confirmation, Fibonacci levels are drawn from the highest point to the lowest point of the move.
When the price retraces to the 0.618 Fibonacci level, a sell position is initiated. The target for this trade is usually the Previous Day Low or other key liquidity zones where major sellers are active.
This setup provides a precise and logical framework for traders to identify market movements and enter trades at critical reversal points.
🔵 Settings
🟣 CISD Logical settings
Bar Back Check : Determining the return of candles to identify the CISD level.
CISD Level Validity : CISD level validity period based on the number of candles.
🟣 LIQUIDITY Logical 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.
🟣 CISD Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 LIQUIDITY Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🔵 Conclusion
The One Shot One Kill setup is one of the most effective and well-structured trading strategies for identifying and capitalizing on key market movements. By incorporating concepts such as Liquidity Hunt, CISD, and Fibonacci retracement, this setup allows traders to enter trades with high precision at optimal points.
The strategy emphasizes detailed Price Action analysis and the identification of Smart Money behavior, helping traders to execute successful trades against the general market trend.
With a focus on identifying liquidity in the Previous Day High and Low and aligning it with Fibonacci retracement levels, this setup provides a robust framework for entering both bullish and bearish trades.
The combination of liquidity analysis and Fibonacci retracement at the 0.618 level enables traders to minimize risk and exploit major market moves effectively.
Ultimately, success with the One Shot One Kill setup requires practice, patience, and strict adherence to its rules. By mastering its concepts and focusing on high-probability setups, traders can enhance their decision-making skills and build a sustainable and professional trading approach.
Market Structure Trend Targets [ChartPrime]The Market Structure Trend Targets indicator is designed to identify trend direction and continuation points by marking significant breaks in price levels. This approach helps traders track trend strength and potential reversal points. The indicator uses previous highs and lows as breakout triggers, providing a visual roadmap for trend continuation or mean reversion signals.
⯁ KEY FEATURES AND HOW TO USE
⯌ Breakout Points with Numbered Markers :
The indicator identifies key breakout points where price breaks above a previous high (for uptrends) or below a previous low (for downtrends). The initial breakout (zero break) is marked with the entry price and a triangle icon, while subsequent breakouts within the trend are numbered sequentially (1, 2, 3…) to indicate trend continuation.
Example of breakout markers for uptrend and downtrend:
⯌ Percentage Change Display Option :
Traders can toggle on a setting to display the percentage change from the initial breakout point to each subsequent break level, offering an easy way to gauge trend momentum over time. This is particularly helpful for identifying how far price has moved in the current trend.
Percentage change example between break points:
⯌ Dynamic Stop Loss Levels :
In uptrends, the stop loss level is placed below the price to protect against downside moves. In downtrends, it is positioned above the price. If the price breaches the stop loss level, the indicator resets, indicating a potential end or reversal of the trend.
Dynamic stop loss level illustration in uptrend and downtrend:
⯌ Mean Reversion Signals :
The indicator identifies potential mean reversion points with diamond icons. In an uptrend, if the price falls below the stop loss and then re-enters above it, a diamond is plotted, suggesting a possible mean reversion. Similarly, in a downtrend, if the price moves above the stop loss and then falls back below, it indicates a reversion possibility.
Mean reversion diamond signals on the chart:
⯌ Trend Visualization with Colored Zones :
The chart background is shaded to visually represent trend direction, with color changes corresponding to uptrends and downtrends. This makes it easier to see overall market conditions at a glance.
⯁ USER INPUTS
Length : Defines the number of bars used to identify pivot highs and lows for trend breakouts.
Display Percentage : Option to toggle between showing sequential breakout numbers or the percentage change from the initial breakout.
Colors for Uptrend and Downtrend : Allows customization of color zones for uptrends and downtrends to match individual chart preferences.
⯁ CONCLUSION
The Market Structure Trend Targets indicator offers a strategic way to monitor market trends, track breakouts, and manage risk through dynamic stop loss levels. Its clear visual representation of trend continuity, alongside mean reversion signals, provides traders with actionable insights for both trend-following and counter-trend strategies.
Fibonacci Confluence Toolkit [LuxAlgo]The Fibonacci Confluence Toolkit is a technical analysis tool designed to help traders identify potential price reversal zones by combining key market signals and patterns. It highlights areas of interest where significant price action or reactions are anticipated, automatically applies Fibonacci retracement levels to outline potential pullback zones, and detects engulfing candle patterns.
Its unique strength lies in its reliance solely on price patterns, eliminating the need for user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 USAGE
The script begins by detecting CHoCH (Change of Character) points—key indicators of shifts in market direction. This script integrates the principles of pure price action as applied in Pure-Price-Action-Structures , where further details on the detection process can be found.
The detected CHoCH points serve as the foundation for defining an Area of Interest (AOI), a zone where significant price action or reactions are anticipated.
As new swing highs or lows emerge within the AOI, the tool automatically applies Fibonacci retracement levels to outline potential retracement zones. This setup enables traders to identify areas where price pullbacks may occur, offering actionable insights into potential entries or reversals.
Additionally, the toolkit highlights engulfing candle patterns within these zones, further refining entry points and enhancing confluence for better-informed trading decisions based on real-time trend dynamics and price behavior.
🔶 SETTINGS
🔹 Market Patterns
Bullish Structures: Enable or disable all bullish components of the indicator.
Bearish Structures: Enable or disable all bearish components of the indicator.
Highlight Area of Interest: Toggle the option to highlight the Areas of Interest (enabled or disabled).
CHoCH Line: Choose the line style for the CHoCH (Solid, Dashed, or Dotted).
Width: Adjust the width of the CHoCH line.
🔹 Retracement Levels
Choose which Fibonacci retracement levels to display (e.g., 0, 0.236, 0.382, etc.).
🔹 Swing Levels & Engulfing Patterns
Swing Levels: Select how swing levels are marked (symbols like ◉, △▽, or H/L).
Engulfing Candle Patterns: Choose which engulfing candle patterns to detect (All, Structure-Based, or Disabled).
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Market Structure Inducements ICT [TradinFinder] CHoch BOS Sweeps🔵 Introduction
Market Structure is the foundation for identifying trends in the market, crucial in technical analysis and strategies like ICT and SMC. Understanding key concepts such as Break of Structure (BOS) and Change of Character (CHOCH) helps traders recognize critical shifts in the market. BOS, referring to a Market Structure Change (BMS), and CHOCH or Market Structure Shift (MSS) signal trend reversals in the market.
Additionally, the concept of Inducement, a vital tool in Smart Money strategies, allows traders to avoid price traps. Identifying valid pullback, valid inducement, POI, and Liquidity Grab helps traders find optimal entry and exit points and leverage Smart Money movements effectively.
Bullish Market Structure :
Bearish Market Structure :
🔵 How to Use
The Market Structure indicator is designed to help traders better understand market structure and detect price traps. By using this indicator, you can identify the right entry and exit points based on structural changes in the market and avoid unprofitable trades. Below, we explain the key concepts and how to apply them in trading.
🟣 Market Structure
Market Structure refers to the overall pattern of price movement in the market. Using this indicator, traders can identify uptrends and downtrends and make better trading decisions based on changes in market structure. The two key concepts here are Break of Structure (BOS) and Change of Character (CHOCH).
Change of Character (CHOCH) : CHOCH occurs when the market shifts from an uptrend to a downtrend or vice versa. These changes typically indicate a broader trend reversal, and the indicator assists you in identifying them accurately.
Break of Structure (BOS) : When the market breaks a key support or resistance level, it signals a change in market structure. This indicator helps you identify these breakouts in time and take advantage of trading opportunities.
🟣 Inducement
Inducement refers to price traps set by Smart Money to trick retail traders into making the wrong trades. This indicator helps you recognize these traps and avoid unprofitable trades.
Valid Inducement : Valid Inducement refers to deliberately created price traps by major market players to gather liquidity from retail traders. Once the market has collected sufficient liquidity, it makes the real move, and professional traders use this moment to enter.
🟣 Valid Pullback
A Valid Pullback refers to a temporary market retracement, indicating a price correction within the main trend. This concept is crucial in technical analysis as it helps traders enter trades at the right time and profit from the continuation of the trend. The Market Structure indicator can identify these valid retracements, allowing traders to enter trades with greater confidence.
🟣 Point of Interest (POI)
Another important concept in market analysis is the Point of Interest (POI), referring to key price areas on the chart. POI includes zones where significant price movements are likely to occur. The Market Structure indicator helps you locate these key points and use them as entry signals for trades.
🟣 Liquidity Grab
Liquidity Grab refers to a scenario where the market intentionally moves to areas where retail traders' stop losses are placed. The goal is to gather liquidity, allowing major players to execute trades at better prices. By using this indicator, you can spot these liquidity grabs and avoid falling into price traps.
🔵 Setting
ChoCh Detector Period : The period of identifying the major market levels that occur when they break ChoCh.
BoS & Liquidity Detector Period : The period of identifying minor levels, which are used to identify BoS and Liquidity levels.
Inducement Detector Period : The period of identification of Inducement levels.
Fast Trend Detector : This feature will help you update the major market structure levels sooner.
Inducement Type Detector : Two modes "Sweeps" and "Total" can be used to identify the levels of Inducement. In "Sweeps" mode only Levels detected by touch shadow. In "Total" mode, all Levels are detected.
🔵 Conclusion
In financial market analysis and forex trading, identifying Market Structure and Inducement is crucial. Market Structure helps you detect uptrends and downtrends, and understand Break of Structure (BOS) and Change of Character (CHOCH). The concept of Inducement also enables traders to spot Smart Money price traps and avoid unprofitable trades.
The Market Structure indicator is a powerful tool that, by analyzing the market structure and concepts like valid pullback and valid inducement, helps you make more precise trade entries. Additionally, by identifying POI and Liquidity Grab, the indicator gives you the ability to spot key market zones and use them to your advantage in trading.
Change in State of Delivery CISD ICT [TradingFinder] Liquidity 1🔵 Introduction
🟣 What is CISD ?
Change in State of Delivery (CISD) is a key concept in technical analysis, similar to Change of Character (ChoCh) and Market Structure Shift (MSS) in the ICT (Inner Circle Trader) and Smart Money trading styles. Like ChoCh and MSS, CISD helps traders identify critical changes in market structure and make timely entries into trades.
To determine the CISD Level, traders typically review the last 1 to 4 candles to identify the first positive or negative candle. The CISD Level is then set using the opening price of the next candle.
In this version of the indicator, support and resistance levels are defined based on liquidity, which includes patterns such as SFP (Swing Failure Pattern), fake breakout, and false breakout.
Bullish CISD :
Bearish CISD :
🔵 How to Use
🟣 Bullish CISD (Change in State of Delivery Upward)
In Bullish CISD, the trend shifts from bearish to bullish after the price hits a liquidity zone, typically indicated by patterns such as SFP, fake breakout, or false breakout.
The steps to identify Bullish CISD are as follow s:
Identify the liquidity zone (SFP, fake breakout).
Review the candles and find the first positive candle.
Set the CISD Level using the opening price of the next candle after the positive candle.
Confirm the change in state of delivery when the price closes above the CISD Level.
Enter the trade after CISD confirmation.
🟣 Bearish CISD (Change in State of Delivery Downward)
In Bearish CISD, the trader looks for a shift from a bullish to a bearish trend. This change typically occurs when the price hits a liquidity level, indicated by patterns such as SFP or false breakout.
The steps to identify Bearish CISD are :
Identify the liquidity zone.
Review the candles and find the first negative candle.
Set the CISD Level using the opening price of the next candle after the negative candle.
Confirm the change in state of delivery when the price closes below the CISD Level.
Enter a short trade after CISD confirmation.
🟣 CISD Compared to ChoCh and MSS (CISD Vs ChoCh/ MSS)
CISD, ChoCh, and MSS are all tools for identifying trend changes in the market, but they have some differences :
CISD: Focuses on a change in the state of delivery and uses liquidity patterns (SFP, fake breakout) and key candles to confirm trend reversals.
ChoCh: Identifies a change in the market’s character, often signaling rapid shifts in trend direction.
MSS: Focuses on changes in market structure and identifies the breaking of key levels as a signal of trend shifts.
🔵 Settings
🟣 CISD Logical settings
Bar Back Check : Determining the return of candles to identify the CISD level.
CISD Level Validity : CISD level validity period based on the number of candles.
🟣 SFP Logical 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.
🟣 CISD Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 SFP Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🔵 Conclusion
CISD is a powerful tool for identifying trend reversals using liquidity patterns and key candle analysis. Traders can use the CISD Level to detect trend changes and find optimal entry and exit points.
This concept is similar to ChoCh and MSS but stands out with its focus on confirming trend changes through liquidity and specific patterns. With the right approach, CISD helps traders capitalize on market movements more effectively.
Internal/External Market Structure [UAlgo]The "Internal/External Market Structure " indicator is a tool designed to identify and visualize internal and external market structure based on swing highs and lows. It helps traders understand short-term (internal) and long-term (external) price behavior.
🔶 What are ChoCH and BoS?
Change of Character (ChoCH)
Change of character refers to the reversal of market trend either from bullish to bearish or bearish to bullish. ChoCH is also a break of market structure but in opposite direction.
If market is in bullish trend but it breaks it previous (higher) low and makes a lower low, it will be termed a “bearish change of character” as price changed its trend from bullish to bearish.
Like wise if price is in bearish trend and it breaks its previous (lower) high making a higher high it will be marked as “bullish change of character” as price changed its trend from bearish to bullish.
Break of Structure (BoS)
When price breaks its structure in direction of previous trend its called break of structure (BoS). So its a trend continuation pattern.
As you know in bullish trend price makes higher highs. Each time when price break a previous high and marks a new high its known as bullish break of structure.
But in bearish trend price makes lower lows so every time when price breaks previous low and makes a new low it is called as bearish break of structure.
🔶 Key Features
Internal Swing Length: Allowing for fine-tuning of sensitivity to smaller, more frequent market movements.
External Swing Length: Focusing on capturing broader market trends.
The indicator differentiates between internal and external market structures, using different styles and colors to represent each. Internal structures are shown with solid lines, while external structures use dashed lines, providing clear visual cues.
Internal Market Structure:
The internal market structure focuses on shorter-term swings and is useful for identifying minor trend changes and short-term price movements. Breaks of internal swing highs or lows can indicate potential changes in the market's direction or momentum. The labels "CHoCH" and "BoS" help distinguish between changes in character and break of structure events, respectively.
External Market Structure:
The external market structure captures larger, more significant market moves. It is particularly useful for identifying major trend changes and key support and resistance levels. The dashed lines and corresponding labels "CHoCH+" and "BoS+" indicate more substantial shifts in market sentiment.
For BoS (Break of Structure):
For ChoCH (Change of Character):
🔶 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.
Market Structure Oscillator [LuxAlgo]The Market Structure Oscillator indicator analyzes and synthesizes short-term, intermediate-term, and long-term market structure shifts and breaks, visualizing the output as oscillators and graphical representations of real-time market structures on the main price chart.
The oscillator presentation of the detected market structures helps traders visualize trend momentum and strength, identifying potential trend reversals, and providing different perspectives to enhance the analysis of classic market structures.
🔶 USAGE
A market structure shift signals a potential change in market sentiment or direction, while a break of structure indicates a continuation of the current trend. Detecting these events in real-time helps traders recognize both trend changes and continuations. The market structure oscillator translates these concepts visually, offering deeper insights into market momentum and strength. It aids traders in identifying overbought or oversold conditions, potential trend reversals, and confirming trend direction.
Oscillators often generate signals based on crossing certain thresholds or diverging from price movements, providing cues for traders to enter or exit positions.
The weights determine the influence of each period (short-term, intermediate-term, long-term) on the final oscillator value. By changing the weights, traders can emphasize or de-emphasize the importance of each period. Higher weights increase their respective market structure's influence on the oscillator value. For example, if the weight for the short-term period is set to 0, the final value of the oscillator will be calculated using only the intermediate-term and long-term market structures.
The indicator features a Cycle Oscillator component, which uses the market structure oscillator values to generate a histogram and provide further insights into market cycles and potential signals. The Cycle Oscillator aids in timing by allowing traders to more easily see the median length of an oscillation around the average point, helping them identify both favorable prices and favorable moments for trading.
Users can also display detected market structures on the price chart by enabling the corresponding market structure toggle from the "Market Structures on Chart" settings group.
🔶 DETAILS
The script initiates its analysis by detecting swing levels, which form the fundamental basis for its operations. It begins by identifying short-term swing points, automatically detected solely based on market movements without any reliance on user-defined input. Short-Term Swing Highs (STH) are peaks in price surrounded by lower highs on both sides, while Short-Term Swing Lows (STL) are troughs surrounded by higher lows.
To identify intermediate-term and long-term swing points, the script uses previously detected short-term swing points as reference points. It examines these points to determine intermediate-term swings and further analyzes intermediate-term swings to identify long-term swing points. This method ensures a thorough and unbiased evaluation of market dynamics, providing traders with reliable insights into market structures.
Once swing levels are detected, the process continues with the analysis of Market Structure Shifts (MSS) and Breaks of Structure (BoS). A Market Structure Shift, also known as a Change of Character (CHoCH), is a critical event in price action analysis that suggests a potential shift in market sentiment or direction. It occurs when the price reverses from an established trend, indicating that the current trend may be losing momentum and a reversal could be imminent.
On the other hand, a Break of Structure signifies the continuation of the existing market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength and persistence of the prevailing trend.
The indicator analyzes price patterns using a pure price action approach and identifies market structures for short-term, intermediate-term, and long-term periods. The collected data is then normalized and combined using specified weights to calculate the final Market Structure Oscillator value.
🔶 SETTINGS
The indicator incorporates user-defined settings, allowing users to tailor it according to their preferences and trading strategies.
🔹 Market Structure Oscillator
Market Structure Oscillator: Toggles the visibility of the market structures oscillator.
Short Term Weight: Defines the weight for the short-term market structure.
Intermediate Term Weight: Defines the weight for the intermediate-term market structure.
Long Term Weight: Defines the weight for the long-term market structure.
Oscillator Smoothing: Determines the smoothing factor for the oscillator.
Gradient Colors: Allows customization of bullish and bearish gradient colors.
Market Structure Oscillator Crosses: Provides signals based on market structure oscillator equilibrium level crosses.
🔹 Cycle Oscillator
Cycle Oscillator - Histogram: Toggles the visibility of the cycle oscillator.
Cycle Signal Length: Defines the length of the cycle signal.
Cycle Oscillator Crosses: Provides signals based on cycle oscillator crosses.
🔹 Market Structures on Chart
Market Structures: Allows plotting of market structures (short, intermediate, and long term) on the chart.
Line, Label, and Color: Options to display lines and labels for different market structures with customizable colors.
🔹 Oscillator Components
Oscillators: Separately plots short-term, intermediate-term, and long-term oscillators. Provides options to display these oscillators with customizable colors.
🔶 RELATED SCRIPTS
Market-Structures-(Intrabar)
Market Structures + ZigZag [TradingFinder] CHoCH/BOS - MSS/MSB🟣 Introduction
🔵 Market Structure
Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends.
Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several definitions of market structure, with differing perspectives such as Smart Money and ICT offering their own interpretations.
🔵 Zig Zag
The Zigzag indicator is a lagging tool that identifies points on a price chart where significant changes occur compared to the previous wave. By connecting these points, it helps traders detect trends.
This indicator minimizes random price fluctuations, aiming to clarify the primary price trend.
Pivots are points on a price chart where the direction changes. Also known as reversal points, pivots form when supply and demand forces overpower one another.
There are various types of technical analysis pivots, which can be divided into two categories: minor pivots and major pivots, each with distinct significance in analysis.
Major Pivot : These pivots signify substantial changes in the chart's direction and occur at the end of trends. Analysts focusing on primary analysis prioritize major pivot points. In fact, most technical analysis tools are evaluated and based on major pivots.
Minor Pivot : These pivots highlight smaller, subsidiary points and directions, appearing at the end of corrections. Analysts who focus on minor pivots represent small trends. It's important to note that minor pivots are not suitable for use in primary technical tools.
Identifying Minor and Major Pivots :
Minor pivots are formed between two major pivots and do not break the opposing major pivot. (Internal Pivot)
Major pivots are those that either successfully break the opposing pivot or move beyond the previous pivot of the same type. (External Pivot)
🟣 How to Use
🔵 Identifying Break of Structure (BOS)
In a given trend, such as a downtrend, a Break of Structure occurs when the price drops below the previous low and forms a new low (LL). In an uptrend, a BOS (MSB) happens when the price rises and exceeds the last high.
To confirm a trend, at least one BOS is required. The break above or below the previous high or low must be validated by the closing of at least one candle beyond that level.
🔵 Identifying Change of Character (CHOCH)
Change of Character (CHOCH) is an essential concept in market structure analysis, indicating a trend change. In other words, a trend concludes with a CHOCH (MSS). For example, in a downtrend, the price declines with BOS.
While BOS highlights the trend's strength, a CHOCH occurs when the price rises and surpasses the last high, signaling a transition from a downtrend to an uptrend.
This does not imply immediately entering a buy trade; instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend.
Unlike BOS, confirming a CHOCH does not require a candle to close; simply breaking above or below the previous high or low with the candle's wick is sufficient. The following examples illustrate bearish and bullish CHOCH.
Terms :
Market Structure Shift = MSS
Market Structure Break = MSB
🔵 Zig Zag
Based on identifying pivots and drawing zigzag lines, you can have different uses of this indicator.
Including :
Identifying pivot types along with major and minor recognition.
Identifying internal and external breakouts.
Identifying support and resistance levels.
Identifying Elliott Waves.
Identifying classic patterns.
Identifying pivots with higher validity.
Identifying trends and range areas.
🟣 Settings
Pivot Period Market Structure and ZigZag Line: Using this input, you can determine the pivot period for identifying swings.
Through the settings, you can customize the display, visibility, and color of each line as desired.
Market Structures SMC [TradingFinder] BOS/CHoCH Major & Minor🟣Introduction
Understanding market structure involves analyzing market behavior. In other words, market structure encompasses how the market forms and evolves within trends.
Market structures are typically fractal and nested, so we categorize them into internal (minor) and external (major) structures. There are various definitions of market structure, with different approaches such as Smart Money and ICT providing their own interpretations.
🟣How to Use
The first step in identifying market structure is to analyze key highs and lows. An uptrend is formed when highs and lows are successively higher than previous ones. Similarly, in a downtrend, lows and highs are successively lower than previous ones.
Market trends consist of two types of movements :
•Impulsive movements
•Corrective movements
Impulsive movements align with the main trend and possess high strength and momentum. Conversely, corrective movements go against the main trend and have lower strength and momentum. The following example illustrates these concepts.
🔵 Identifying Break of Structure (BOS)
In a specific trend, for example in a downtrend, when the price breaks below the previous low and forms a new low (LL), a Break of Structure occurs. In an uptrend, a BOS (Market Structure Break or MSB) happens when the price rises and surpasses the last high.
We need at least one BOS to confirm a trend. Breaking above or below the previous high or low must be confirmed by closing at least one candle after that level.
🔵 Identifying Change of Character (CHOCH)
Change of Character (CHOCH) is a key concept in market structure analysis. A change in structure signals a trend change. In other words, a trend ends with a CHOCH (Market Structure Shift or MSS). For instance, in a downtrend, the price declines with BOS.
BOS indicates the strength of the trend, but when the price increases and surpasses the last high, a CHOCH occurs, signaling a shift from a downtrend to an uptrend.
This does not mean entering a buy trade; instead, we should wait for a BOS in the upward direction to confirm the uptrend. Unlike BOS, confirming a CHOCH does not require a candle to close; simply breaking above or below the previous high or low with the candle's wick is sufficient. The following examples show bearish and bullish CHOCH.
🔵 Range Market Structure
Besides uptrends and downtrends, a third structure often found in the market is the range or sideways structure. In this state, the power of buyers and sellers is almost equal, and the market lacks a clear trend.
Many traders believe that the Forex market ranges 80% of the time. Therefore, it requires a lot of patience to wait for a new trend to start.
🟣 Settings
Through the settings, you can customize the display, visibility, and color of each line as desired.
smart money - main trend and counter trendIn today's dynamic financial markets, keeping ahead requires more than just technical analysis.
Introducing the Smart Money indicator – a Pine Script tool made to discover the activity of market maker.
Smart Money is a helpful method for traders seeking a deeper understanding of market dynamics. This method shows the actions of big investors and large financial firms.
Keen traders pay close attention to what market makers do to stay ahead.
Trading strategies based on the Smart Money aim to align with the actions of these informed players.
Similar to the price action method, Smart Money method involves using classic concepts like supply and demand, price patterns, and support and resistance.
This indicator not only identifies usual parameters like Break of Structure (BOS), Change of Character (CHOCH), Inducement (IDM), Engineering Liquidity (Eng), and Order Blocks (OB), but also excels at uncovering these market events within counter-trend (internal trend).
Break of Structure (BOS)
BOS is formed when the price breaks the market structure (reliable support or resistance level) in the direction of the trend.
Change of Character (CHOCH)
CHOCH is formed when the price breaks the market structure in the opposite direction of the trend. This indicates a change in the market behavior. When traders can see these changes, they can adjust their strategies early on.
Inducement (IDM)
Inducement is a concept based on liquidity principles and technically is the last price pullback in the market structure.
IDM is the extreme point of the last pullback in the structure when the price makes a BOS or CHOCH. It's like a trap that makes traders jump into the market too early.
Engineering Liquidity (Eng Liq)
Also known as trend line liquidity and technically is the first extreme point in that trend.
Order Blocks (OB)
Order blocks are strategic market areas that indicate the final bearish or bullish activity before a significant price shift.
An Order Block is a handy tool that helps us see where the big guys are likely to put their money (potential reversal zones).
OB is determined based on the extreme points by considering last opposite candle (before a significant price movement) and fair value gaps.
This indicator has the ability to identify the decisional order block (the closest OB) and the extremum order blocks (the farthest OB).
Counter Trend
The standout feature of this indicator lies in its ability to detect and display all above features within internal trends.
Internal trends or counter trend, where the market moves against the main trend, are often challenging to navigate.
This comprehensive feature enables traders to navigate market complexities with confidence, identifying potential trend reversals and strategic entry points even when the broader trend suggests otherwise.
Some features of this indicator:
- Ability to identify BOS, CHOCH, IDM, Eng Liq and OBs in both main trend and counter trend.
- The text, color and size of each characteristic of the main trend and the counter trend are optional and you can manage their display type on the chart
- Ability to display swings with HH, LH, LL and HL labels
- Sending alarms when the price hits any of the levels (alarm levels are optional for both the main trend and the counter trend)
- Sending sweep alarms of each level (optional)
- Ability to display main structures and internal structures with desired color and thickness
- The possibility of displaying live and real-time structures
- Ability to see decision boxes
- Showing the structure trend by changing the background color
Smart Money Setup 03 [TradingFinder] Minor OB & Trend Proof🔵 Introduction
The "Smart Money Concept" transcends mere technical trading strategies; it embodies a comprehensive philosophy elucidating market dynamics. Central to this concept is the acknowledgment that influential market participants manipulate price actions, presenting challenges for retail traders.
As a "retail trader", aligning your strategy with the behavior of "Smart Money," primarily market makers, is paramount. Understanding their trading patterns, which revolve around supply, demand, and market structure, forms the cornerstone of your approach. Consequently, decisions to enter trades should be informed by these considerations.
🟣 Important Note
In this setup, pattern formation revolves around the robustness of the "Stop Hunt" targeting retail traders.
When this stop hunt occurs, if the price tests below the minor pivot or above the minor pivot, a "Minor Order Block" is formed.
Similarly, if the price tests below the major pivot or above the major pivot, a "Major Order Block" is formed.
Since the price hasn't successfully broken the major pivots before breaking the Top or Bottom, it can be inferred that the minor pivots formed within a leg of price movement exhibit a "Range" structure.
For a deeper comprehension of this setup, refer to the accompanying visual aids below.
Bullish Setup Details :
Bearish Setup Details :
🔵 How to Use
Upon integrating the indicator into your chart, exercise patience as you await the evolution of the trading setup.
Experiment with different trading positions by adjusting both the "Time Frame" and "Pivot Period". Typically, setups materializing over longer "Time Frames" and "Pivot Periods" carry heightened validity.
Bullish Setup Details on Chart :
Bearish Setup Details on Chart :
Within the settings, you possess the flexibility to modify the "Pivot Period" input to tailor the indicator to your preferences.
Market Structure (Intrabar) [LuxAlgo]The Market Structure (Intrabar) indicator is designed to automatically detect and highlight real-time intrabar market structures, a core component of the Smart Money Concepts methodology.
🔶 USAGE
The proposed indicator gives a detailed picture of the most recent candle lower timeframe trends, highlighting market structures within them.
This can be particularly useful to assess the price dynamic within the most recent candle. For example, we can see how pronounced a trend is by the number of opposite bullish/bearish market structures formed within the candle.
Users can select the intrabar timeframe of interest from the "Intrabar Timeframe" setting, using a timeframe significantly lower than the chart timeframe will return more intrabar candles and potentially more market structures.
🔹 Dashboard
Users have access to a dashboard returning useful statistics such as the number of formed CHoCH's and BOS's from the intrabar prices. These can be indicative of how predominant a trend is within the intrabar data or if there exist multiple trends.
🔶 DETAILS
Market structures allow determining trend continuations as well as trend reversals in the market through two distinct structures:
🔹 Change of Character (CHoCH)
A change of character (CHoCH) refers to a shift in the market behavior of a security that is driven by changes in the underlying supply and demand dynamics. CHoCH's are indicative of confirmed reversals.
🔹 Break of Structure (BoS)
The break of structure (BoS) refers to the point at which a key level of support or resistance is broken. BOS's are indicative of confirmed trend continuations.
🔶 SETTINGS
🔹Inside the Bar Market Structure
Intrabar Timeframe: Lower timeframe setting option, if set to 'Auto' the script will determine the lower timeframe based on the chart timeframe.
Intrabar Market Structure, Length: Toggles the visibility of the break of structures and change of characters. Length defines the detection length of the swing levels.
Intrabar Swing Levels: Toggles the visibility of the swing levels, including a color customization option for highs and lows.
Intrabar Statistics: Toggles the visibility of the dashboard. Some further statistical details are presented in the tooltips of the table cells
🔹 General
Market Structure Colors: Color customization option for the break of structure and change of character lines and labels.
Intrabar Candle Colors: Color customization option for intrabar candles.
Intrabar Candles Horizontal Offset: Adjusting the intrabar candles horizontal position
Dashboard: Dashboard position and size customization option
🔶 LIMITATIONS
Please note that seconds-based intervals are available for premium and professional plan holders, which implies that the seconds-based intervals usage of the indicator may not be available for all users depending on their subscription plan.
🔶 RELATED SCRIPTS
Smart-Money-Concepts
ICT-Concepts
Market Structures Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Market Structures Screener! This screener can provide information about the latest market structures in up to 5 tickers. You can also customize the styling of the screener.
Features of the new Market Structures Screener :
Find Latest Market Structures Across 5 Tickers
Break Of Structure (BOS)
Change of Character (CHoCH)
Change of Character+ (CHoCH+)
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
This screener then finds market structures across 5 different tickers, and shows the latest information about them.
🚩UNIQUENESS
Formed market structures can be strong hints about the current direction and the state of the market, and our screener has the ability to detect Change Of Character structures of the market with higher sensitivity (CHoCH+), so you will miss less hints. This screener will then show the elapsed time of the found BOS, CHoCH and CHoCH+ structures.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan market structures here. You can also enable / disable them and set their individual timeframes.
Market Structure with Inducements & Sweeps [LuxAlgo]The Market Structure with Inducements & Sweeps indicator is a unique take on Smart Money Concepts related market structure labels that aims to give traders a more precise interpretation considering various factors.
Compared to traditional market structure scripts that include Change of Character (CHoCH) & Break of Structures (BOS) -- this script also includes the detection of Inducements (IDM) & Sweeps which are major components of determining other structures labeled on the chart.
SMC & price action traders have historically considered this a more accurate representation of market structure by including these components.
🔶 USAGE
Below we can see a diagram for how market structure is displayed within the Market Structure with Inducements & Liquidity indicator.
Change of Characters (CHoCH) are based on swing points detection, while Break of Structures (BOS) are based on trailing maximum & minimums from the detected Change of Characters. We do this for a more dynamic & timely display of market structure.
🔹 Inducements (IDM)
Traders that consider inducements as a part of their analysis of Change of Characters & Break of Structures can more easily avoid fakeouts within trends as shown below.
In this script IDM's are always required between each market structures.
🔹 Sweeps of Liquidity (x)
SMC traders looking to properly analyze market structure need to look for sweeps of liquidity to ensure levels that are wicked are noted as sweeps, while levels that are fully closed above / below are labeled as confirmed market structures.
In the chart below we can see a Sweep of Liquidity which typically can occur on the longer term price action and indicate a potential reversal.
Notably, since labels such as CHoCH or BOS's can occur at the same level as a Sweep of liquidity, we have allowed the indicator to display the market structure label at the current bar in the event this happens.
The Sweeps of Liquidity are also based on trailing maximum / minimum, which allows for a continuous evaluation of areas for liquidity sweeps to occur.
This can be helpful for traders looking for longer term & shorter term sweeps.
🔶 SETTINGS
CHoCH Detection Period: Detection period for CHoCH's, higher values will return longer term CHoCH's.
IDM Detection Period: Detection period for IDM's, higher values will return longer term IDM's.
Thank you all for 500k followers on TradingView! Enjoy!
Session Sweeps [LuxAlgo]The Session Sweeps indicator combines ICT-based features for a complete trading methodology involving market sessions, market structure, and fair value gaps to find optimal entry conditions for trading price action.
Traders frequently tend to place stop/limit orders at the high and low points of major trading sessions such as Asian (Tokyo), European (London), and North American (New York), resulting in the establishment of liquidity pools at those particular levels. The Session Sweeps indicator is crafted to recognize and underscore occurrences of session sweeps or liquidity sweeps during these major trading sessions.
🔶 USAGE
Default settings utilize major forex trading sessions, yet users can select their preferred opening and closing times, rename the sessions, or adjust the colors. It's important to note that the specified times for each session align with the respective local timezones: Asian (Tokyo) UTC+9, European (London) UTC, and North American (New York) UTC-5.
If the price briefly crosses either the highest or lowest point of a market session. These movements, aiming at triggering stop losses, suggest potential shifts in the market direction. Detecting such movements is the fundamental purpose and core functionality of the script.
🔹Market Structure Shifts
A Market Structure Shift refers to a change in market direction, either from an uptrend to a downtrend or vice versa. A part of a common entry model when using session sweeps is waiting for the formation of a CHoCH after a session sweep.
🔹Fair Value Gaps
A Fair Value Gap (FVG) holds particular appeal for price action traders, emerging when there are inefficiencies or imbalances in the market, often a result of uneven buying and selling activity. The underlying concept of FVGs is that the market tends to revisit these inefficiencies before resuming its trajectory in alignment with the initial impulsive move.
After the formation of a CHoCH traders can enter a position when the price enters the area of a Fair Value Gap (FVG).
🔹Setup Examples
This entry setup is commonly used by ICT traders and is shared for informational & educational purposes only.
Long Positions (5-Minute Timeframe):
Wait for the previous session's low to be swept.
Look for a Bullish Choch.
Find a Bullish FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the session high or aim for a 1:2 Risk-Reward Ratio.
Stop Loss (SL): At the session low or nearest Swing Low.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
Short Positions (5-Minute Timeframe):
Wait for the previous session's high to be swept.
Look for a Bearish Choch.
Find a FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the previous session's low or aim for a 1:2 RR.
Stop Loss (SL): At the session high or nearest Swing High.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
🔶 SETTINGS
🔹Session Sweeps
Buyside Sweep Zones, Color, and Margin: toggles the visibility of bullside sweep zones, customizes the associated color, and sets the margin value defining the range of a bullside sweep zone.
Sellside Sweep Zones, Color, and Margin: toggles the visibility of sell-side sweep zones, customizes the associated color, and sets the margin value defining the range of a sell-side sweep zone.
Sweep Margin Length: specifies the maximum allowed length of a sweep zone invalidation, the length over which the price slightly invalidated the margin range.
Detect Sweeps Once per Session: if enabled will detect only once a sweep zone within a session.
Hide Fake Sweep Zones, and Color: controls the visibility and color of the fake sweep zones.
🔹Sessions
Session (Asia, London, New York AM, and New York PM), Start Time, and End Time: enables or disables the visibility of the named market session range, and customization of the session hours.
Color: color customization option of the named session.
Extend Max/Min: extends the highest and lowest price levels of the named session until the end of the next enabled session. This option is recommended to be enabled when sweep zone detection is activated to observe the relationship between the sweep zone and previous session extreme levels.
Extend Mid: extends the mean price levels of the named session until the end of the next enabled session. The extended line may serve as potential support and resistance levels.
Fill: enables/disables background coloring of the named session.
New York DST | London DST: enabling this option initiates Daylight Saving Time (DST) for New York or London. Note: Daylight Saving Time is not applied to the Asian (Tokyo) session.
Sessions Extreme Lines | Sessions Names: toggles the visibility of the highest and lowest price levels, as well as the names, for all market sessions.
Session Lines Width: sets the width of the lines for all sessions.
Session Fill Transparency: sets the background color transparency of the range for all sessions.
🔹Market Structure Shifts
Market Structure Shifts: toggles the visibility of market structure shifts, also known as change of character (CHoCH).
Detection Length: specifies the detection length.
Market Structure Shifts; Bull & Bear: color customization options.
🔹Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: specifies the filtering multiplier; additional details can be found in the tooltip of the respective input option.
Bullish & Bearish Imbalance: color customization options.
🔹Sessions Tabular View
Sessions Tabular View: toggles the visibility of the tabular view of the sessions, displaying date &time, status, and countdown counter.
Hide if not Forex Market Instrument: checks the market and automatically enables/disables the option based on the market instrument.
Table Text Size & Position: size and placement customization options
🔶 LIMITATIONS
Please be aware that fair value gap filtering cannot be applied to the initial 144 candles (with a fixed-length ATR) as the ATR value necessary for filtering won't be available during this period.
🔶 RELATED SCRIPTS
Buyside-Sellside-Liquidity
Sessions
Liquidity-Voids-FVG
Thank you to our community for the recommendation of this script. To explore additional conceptual scripts and related content, we invite you to visit >>> LuxAlgo-Scripts .
Displacement Order Blocks ~ DOB [Liquidity_Pro]Displacement Order Blocks (DOB)
This indicator shows order blocks with displacement (FVG required) and leans heavily on ICT’s generous and insightful teachings to define midlines for FVG, IFVG, and order blocks. The market structure definitions follow TradingHub’s (TH) rules filtering out inside bars.
It offers alerts for price in order block, liquidity sweep, break of structure (BOS), change of character (CHoCH), and inducement (IDM).
The TH model was chosen because it's programmatic allowing clear structure definitions that allow us to mark inducements (S/O to @albatherium for publishing the first TH market structure indicator).
TH’s Single Candle Order Block (SCOB) rules have also been helpful in refining order block definition, for example in the Transfer case. ICT fans will see when back testing this, that it moves the focus closer to the FVG.
In developing this indicator, we've tried to offer great aesthetic flexibility, to keep the chart uncluttered and to avoid exceeding Trading View’s limitations on boxes and lines. It's also configured to work reasonably well on both light and dark background charts:
We hope this indicator can serve as a teaching tool for ICT’s price action insights and SMC market structure concepts. For this, we've included optional labels for various order block types:
I = inside bar. The bars that follow the order block have been ignored – you will see the number of ignored bars shown after a hyphen. The idea is that inside bars fall in the shadow of a more important candle and can’t be relied on for defining a trade.
S = standard case. The order block candle takes liquidity from the previous candle and is followed immediately after by an FVG on the next candle. This differs technically from the ICT “last down-close/last up-close” order block concept. In practice, this choice has very little impact on ICT trading, because the ICT trader is entering on the FVG anyway.
T = transfer case. This is an order block that has been transferred from the candle that takes liquidity to the candle just prior to the FVG. When you back test this, you will see it is a high probability choice.
TZ = tweezer. This is an option you can turn off that fills a hole in TH teachings. It bypasses the requirement for an order block to take liquidity from the previous candle in the case of equal h/ls. The result is that you will find 2 candle order blocks with equal highs and lows (also known as tweezer tops/bottoms) show on your chart. You will note that every tweezer is a wick on a higher timeframe.
W = wick. this is a big wick candle that we call an order block without requiring an FVG. The presumption is that the displacement is contained within the wick itself on a lower timeframe.
* Asterisk denotes an extreme order block.
Finally, we trade with this indicator (using it together with our Daye Quarterly Theory ~ DQT free indicator, taking trades when price reaches an extreme FVG or order block during a Q2 manipulation).
We will continue developing it along with other indicators we have not yet published. So please boost if you like this and follow us for updates. Also please let us know what new features you would like to see.
Liquidity Hunter [ChartPrime]The Liquidity Hunter helps traders identify areas in the market where reversals may occur by analyzing candle formations and structures.
█ Wick-to-Body Analysis:
The Liquidity Hunter analyses each candlestick to identify those with distinctive wick-to-body ratios. By focusing on candles with significant wick imbalances, it can reveal potential liquidity absorption zones that may influence market behavior. Users can fine-tune this ratio to their preferences through customizable body% and wick% inputs, allowing for tailored analysis.
█ Body Size Significance:
To ensure the relevance and impact of its findings, this indicator evaluates the size of the candle body.
Only candles with bodies meeting a certain size threshold are considered, eliminating noise and highlighting candles of significance.
█ Dynamic Target Setting:
The Liquidity Hunter employs the Average True Range (ATR) as a foundation for target calculation. Users can adjust their trading targets by specifying a multiplier, offering flexibility in capturing potential profit or managing risk. Customizable target inputs ensure adaptability to your trading strategy.
█ Stop Loss Protection:
In addition to setting your profit targets, the Liquidity Hunter incorporates stop loss levels, safeguarding your investments from excessive risk. By implementing a well-balanced risk-reward ratio, users may be better at navigating market fluctuations.
█ Market Character Labels:
The Liquidity Hunter Indicator goes beyond basic analysis by detecting changes in market character. It identifies shifts in sentiment providing traders with invaluable insights into evolving market conditions.
█ Candle Color Highlighting:
To enhance user-friendliness and visualization, the indicator employs distinctive candle colors between trades. These color cues help you easily spot and interpret trading opportunities, drawing your attention to potential entry and exit points.
Overall this indicator is designed to help simplify liquidity analysis and give visual targets in a market.
