Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone.
Unlike standard order block indicators, Volume Profile Bar-Magnified Order Blocks pulls data from lower timeframe bars and assigns it to various segments of the order block. By providing this volume profile inside the order block, the indicator supplies a deeper, multi-dimensional view of market activity that can enhance your trading decisions.
Crucially, users have the ability to fine-tune the detection of order blocks. This is made possible through a single input setting called "Tuning". This integer value allows you to control the significance and frequency of the order blocks. Higher numbers will produce more significant order blocks, though they will appear less frequently. Lower numbers, on the other hand, will yield less significant order blocks, but they will occur more often. This enables you to adjust the sensitivity of the indicator according to your specific trading strategy and style.
Key Settings:
Number of Segments: Customize the level of detail in your volume profile by selecting the number of segments you want inside each order block.
Tuning: Adjust the sensitivity of order block detection to align with your trading strategy. Higher values produce more significant but less frequent order blocks, while lower values yield less significant but more frequent order blocks.
Color Inputs: Personalize the look of your chart by selecting the colors for various elements of the indicator. This ensures a seamless integration with your current chart aesthetics and improves visual clarity.
Here is a s creenshot that beautifully demonstrates the power of this indicator. You'll see how the price rejects perfectly off the highest volume segment in an order block, showcasing the indicator's potential for pinpointing high-impact price levels.
While Volume Profile Bar-Magnified Order Blocks offers many unique features, it should be used in conjunction with other indicators and forms of analysis for a complete trading strategy. As with all tools, it does not guarantee profitable trades but is intended to give traders more information to base their decisions on. Use it to complement your existing analysis and enhance your understanding of market behavior.
Experience a new level of clarity in your trading with Volume Profile Bar-Magnified Order Blocks - an indicator that goes beyond the surface to help you navigate the markets more effectively.
Orderblocks
Volume Tick Analysis and Order Blocks [Tcs] | ALGOThe indicator has been developed to provide the most complete vision possible of liquidity areas, highly traded past price levels, and how volume tick analysis affects price action.
It helps to draw on all the areas that generate a price move, or market inefficiency.
The indicator has different features:
- ORDER BLOCKS : The indicator draws different kinds of order blocks on the chart.
• Real valuable order blocks - where the price reaction is more probable. It's define by a calculation of the quantity tick volume exchanged between bulls and bears on a price level, which can create a candle event, such as engulfing candles. For this motivation the order blocks plotted will be a real valuable area.
The threshold can be adjusted based on the strategy's needs, in particular this set up has been added to adapt the strategy on different kind of asset. For Cryptocurrency for example the best threshold are between 0.5 and 1. The lower the value, the fewer order blocks will be plotted, but they will be more valuable. It's possible to show the volume exchanged, the percentage, and who controlled the valuable area, bulls or bears, on these order blocks.
For a better visualization, the order block will change color (more transparent) after it will be violated for the first time, and it will be deleted once the price will break trough it.
All order blocks can be extend
GENERAL OB VISUALIZATION
EXAMPLE OF TRADES ON OB
It's also possible to plot the footprint of past and invalidated order blocks on the chart, which can help to draw lines for future valuable areas.
• Secondary order blocks are less valuable order blocks where the probability of a price reaction is less. Usually, they work for small retracements and are more useful for scalpers. the concept is the same as Primary order blocks but without a too restricted calculation of tick volume exchanged
• LIQUIDITY GRABS: Liquidity grabs are plotted on candles that try to invalidate an order block, but high volumes move them to the opposite direction. They happen when opposite players try to move the market in the opposite direction. They are calculated only on primary order blocks.
A good entry usually is when a liquidity grab appear, the price come in the liquidity grab area to fry liquidity and price close again in the liquidity grab area.
• VOLUME VSA: All candles with high and above-average volume are plotted on the chart for both bull and bear volume. It highlights more than average volume, high volume, and extreme volume with different colors. This can help to spot good entries or detect beginning/end of a trend. For example abnormal high volume at the end of a big price movement, in the same direction, can define the end of a trend. If same situation of abnormal high volume, but in the opposite direction of the trend, could define the beginning of a market inversion.
• FAIR VALUE GAPS: It highlights all the inefficiencies of market moves, which can be used as retracement or price return areas. Here, they can be adjusted based on how effective they are adjusting the volume threshold. Bulls and bears FVG are defined in different colors. More effective FVG are plotted in less transparent colors, and you will find three levels of effectiveness.
Both OB and FVG will change color once the price retraces on them, and they will be removed when they are invalidated.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
Market Dynamics Pro [ChartPrime]ChartPrime Market Dynamics Pro is designed to cater to those traders who are more interested in market structures, price action and fundermentals. Analysing volume, key levels in the market, market phases and multi-timeframe can help a trader build a clearer and more actionable view of the market. ChartPrime performs analysis on data in a unique way therefore attempting to give insights into the market otherwise unseen.
Major Features:
Order blocks: The ChartPrime order blocks provide sleek and clear levels in the market where the price might find support and resistance. It is important to note this data isn't availible currently therefore these are derived from data outside of order books. Order blocks are segmented into 4 sections reflecting the volume at a given levels. Low, Medium, High and very high based on relevant and dynamic averages. This allows a trader to identify how significant a level is in the market in a simpler method. Bearish order blocks have a red color bias and bullish order blocks have a green color bias allowing a trader to identify what type of order block it is. The order blocks also dynamically show the remaining volume at that given level.
Pattern Detection: ChartPrime leverages unique pattern identification methods providing earlier and cleaner chart formations. Patterns are commonly used in trading to assess whether bulls or bears are performing optimally in a market or losing strength. ChartPrime identifies; Ascending wedges, descending wedges, symmetrical Triangles, H&S, iH&S, broadening wedges and double tops/bottoms. Patterns often have associated theory behind them for entries and targets that we suggest a trader covers before using this feature. ChartPrime also allow for the user to adjust where a pattern is drawn from. In pattern theory there are 2 main approaches to drawing a formation; from candle body and candle wick. ChartPrime allows for this to be adjusted by a user and also allow for alerts to be set on these patterns.
MTF SR: Taking into account multi timeframes when trading is a key idea. Having ideas of the larger market moves can provide deeper context when trading. ChartPrime Market Dynamics Pro allows for 3 varying SR plots from 3 varying user desired timeframes. These are graded via pivot analysis and grid analysis. This rank is on a 1-10 scale with 1 being the highest rank and 10 is the lowest.
Market Stucutures : These labels are commonly found and used by the Smart Money community. They denote a break of stucture and a chance of character. BOS are labelled when the price breaks a lower low or higher high (in the trending markets) and a CoC occurs when price breaks a trending market pivot. These break a market into clearer breakouts of price action and can help a trader deduce relevant moves. The indicator allows for the user to adjust the detection length of these structures.
Premium and Discount Zones: Premium and Discount zones are underpinned by a simple piece of logic. A premium zone is taken from a higher swing point and the discount from a lower swing point. Although a very generic approach this can show areas in the market that could see a reaction. An asset being in a discount zone implies the price is undervalued. An asset being in a premium zone implies the asset is overpriced or overextended. These are excellent when used in confluence with other SR methods. These naturally will have a delay as they are derived from swing points in a market but still are extremely relevant levels.
Fair Value Gaps: These are gaps in the market where price has seen a highly volatile move and they are assumed to act as magnets in the market. The price may come back and visit these 'gaps' after the move has occured. These are a common technique now used by traders and added to this toolkit for convinience.
Settings:
Order Blocks: Select the scale of the order blocks displayed
BoS/CoC: Toggle these on/off and adjust the lookback on these market structures
Premium/Discount Zones: Toggle on/off and adjust lookback
Enable FVG: Toggle on/off FVGs
Swing Levels: Enable basic swing levels in market
MTF Support/Resistance: Enable and select the relevant timeframe to obtain MTF SR levels on your chart. Up to 3 timeframes at a time.
Predictive Ranges: Toggle on/off
Trend Lines Detection: Toggle on/off trendlines
Wedge Detection: Adjust how patterns are detected; whether from wick or candle body
Toggles provided for relevant patterns.
Example usecases:
ChartPrime order blocks give a deeper insight into market support and resistance levels. Looking for order blocks labelled with High can indicate this level being a significant support or resistance in the market. Adding in further confluences here can assist further in deciding where the price may see a reaction. Take the screenshot below:
Adding in confluences from other timeframes can also help give a broader view. Using the multi time frame graded frame support and resistance levels we can use these to further assist us in finding significant levels in the market.
ChartPrime also provides breaker blocks. These are still significant levels in the market despite being "broken" prior. These too can be used in a classical manor and act as relevant areas in the market. These are particularly effective when used in confluence with Premium and discount zones. We can see in the example below price sees a strong reaction and bounces at these levels.
Market Dynamics Pro provides a comprehensive toolkit of unique features and mixes in the classical concepts allowing for a cleaner charting experience.
All content and indicators provided by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results.
SME Backtesting [TFO]This strategy script is an extension of my Smart Money Essentials (SME) indicator and aims to provide a simplified means of backtesting complex trade models that incorporate a variety of Smart Money Concepts.
Among other things, Smart Money Essentials contains logic for:
- Market structure
- Fair Value Gaps
- Order Blocks
- Breaker Blocks
- Optimal Trade Entries
- HTF Market Structure
The Confluence section can then be utilized to build and test trade models from any combination of the included factors. As a basic example, we could test a strategy that only utilizes market structure. With Manual Exit turned off, we would simply be flipping long on bullish market structure shifts, and reversing short on bearish market structure shifts for the duration of the user-defined session.
As one might expect, such a simple strategy isn't expected to produce very reliable results by itself. However, we could build on these ideas by adding extra layers of Confluence, like looking for entries where Market Structure aligns with Order Block interactions. We could also turn on Manual Exit with a 40 tick stop loss and 80 tick profit target (10 points and 20 points, respectively, for ES futures), for more defined exit criteria.
One could expand on these ideas by adding factors like Fair Value Gaps, HTF Market Structure, etc. Any of the core pieces of SME can be used to build and backtest strategies that would otherwise be extremely tedious to do by hand, and as the SME indicator grows, so too will this backtesting script. Ultimately, the purpose of this is to make Smart Money Concepts more objective and easily testable so that users may better understand where these concepts may perform best.
Orderblocks (Nephew_Sam_) - Open sourceHighlights orderblocks based on fractal market structure.
Whenever a new fractal high/low is created, it will search for the Orderblock and plot lines and labels
Options:
1. Select 3/5 bar fractal
2. Plot lines and labels on OB's
- Ability to filter OB only when a candle is fully engulfed
3. Change bar color of engulfed candles
4. Option to filter OB that follows with an FVG
View the published chart for more details on how this indicator works
Disclaimer: You have the permissions to use this code however make sure you give me the credits when you do and make it open source or grant me access to the code.
ICT Concepts [LuxAlgo]The ICT Concepts indicator regroups core concepts highlighted by trader and educator "The Inner Circle Trader" (ICT) into an all-in-one toolkit. Features include Market Structure (MSS & BOS), Order Blocks, Imbalances, Buyside/Sellside Liquidity, Displacements, ICT Killzones, and New Week/Day Opening Gaps.
🔶 SETTINGS
🔹 Mode
When Present is selected, only data of the latest 500 bars are used/visualized, except for NWOG/NDOG
🔹 Market Structure
Enable/disable Market Structure.
Length: will set the lookback period/sensitivity.
In Present Mode only the latest Market Structure trend will be shown, while in Historical Mode, previous trends will be shown as well:
You can toggle MSS/BOS separately and change the colors:
🔹 Displacement
Enable/disable Displacement.
🔹 Volume Imbalance
Enable/disable Volume Imbalance.
# Visible VI's: sets the amount of visible Volume Imbalances (max 100), color setting is placed at the side.
🔹 Order Blocks
Enable/disable Order Blocks.
Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Color settings.
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
Change in Order Blocks style:
🔹 Liquidity
Enable/disable Liquidity.
Margin: sets the sensitivity, 2 points are fairly equal when:
'point 1' < 'point 2' + (10 bar Average True Range / (10 / margin)) and
'point 1' > 'point 2' - (10 bar Average True Range / (10 / margin))
# Visible Liq. boxes: sets the amount of visible Liquidity boxes (max 50), this amount is for Sellside and Buyside boxes separately.
Colour settings.
Change in Liquidity style:
🔹 Fair Value Gaps
Enable/disable FVG's.
Balance Price Range: this is the overlap of latest bullish and bearish Fair Value Gaps.
By disabling Balance Price Range only FVGs will be shown.
Options: Choose whether you wish to see FVG or Implied Fair Value Gaps (this will impact Balance Price Range as well)
# Visible FVG's: sets the amount of visible FVG's (max 20, in the same direction).
Color settings.
Change in FVG style:
🔹 NWOG/NDOG
Enable/disable NWOG; color settings; amount of NWOG shown (max 50).
Enable/disable NDOG ; color settings; amount of NDOG shown (max 50).
🔹 Fibonacci
This tool connects the 2 most recent bullish/bearish (if applicable) features of your choice, provided they are enabled.
3 examples (FVG, BPR, OB):
Extend lines -> Enabled (example OB):
🔹 Killzones
Enable/disable all or the ones you need.
Time settings are coded in the corresponding time zones.
🔶 USAGE
By default, the indicator displays each feature relevant to the most recent price variations in order to avoid clutter on the chart & to provide a very similar experience to how a user would contruct ICT Concepts by hand.
Users can use the historical mode in the settings to see historical market structure/imbalances. The ICT Concepts indicator has various use cases, below we outline many examples of how a trader could find usage of the features together.
In the above image we can see price took out Sellside liquidity, filled two bearish FVGs, a market structure shift, which then led to a clean retest of a bullish FVG as a clean setup to target the order block above.
Price then fills the OB which creates a breaker level as seen in yellow.
Broken OBs can be useful for a trader using the ICT Concepts indicator as it marks a level where orders have now been filled, indicating a solidified level that has proved itself as an area of liquidity. In the image above we can see a trade setup using a broken bearish OB as a potential entry level.
We can see the New Week Opening Gap (NWOG) above was an optimal level to target considering price may tend to fill / react off of these levels according to ICT.
In the next image above, we have another example of various use cases where the ICT Concepts indicator hypothetically allow traders to find key levels & find optimal entry points using market structure.
In the image above we can see a bearish Market Structure Shift (MSS) is confirmed, indicating a potential trade setup for targeting the Balanced Price Range imbalance (BPR) below with a stop loss above the buyside liquidity.
Although what we are demonstrating here is a hindsight example, it shows the potential usage this toolkit gives you for creating trading plans based on ICT Concepts.
Same chart but playing out the history further we can see directly after price came down to the Sellside liquidity & swept below it...
Then by enabling IFVGs in the settings, we can see the IFVG retests alongside the Sellside & Buyside liquidity acting in confluence.
Which allows us to see a great bullish structure in the market with various key levels for potential entries.
Here we can see a potential bullish setup as price has taken out a previous Sellside liquidity zone and is now retesting a NWOG + Volume Imbalance.
Users also have the option to display Fibonacci retracements based on market structure, order blocks, and imbalance areas, which can help place limit/stop orders more effectively as well as finding optimal points of interest beyond what the primary ICT Concepts features can generate for a trader.
In the above image we can see the Fibonacci extension was selected to be based on the NWOG giving us some upside levels above the buyside liquidity.
🔶 DETAILS
Each feature within the ICT Concepts indicator is described in the sub sections below.
🔹 Market Structure
Market structure labels are constructed from price breaking a prior swing point. This allows a user to determine the current market trend based on the price action.
There are two types of Market Structure labels included:
Market Structure Shift (MSS)
Break Of Structure (BOS)
A MSS occurs when price breaks a swing low in an uptrend or a swing high in a downtrend, highlighting a potential reversal. This is often labeled as "CHoCH", but ICT specifies it as MSS.
On the other hand, BOS labels occur when price breaks a swing high in an uptrend or a swing low in a downtrend. The occurrence of these particular swing points is caused by retracements (inducements) that highlights liquidity hunting in lower timeframes.
🔹 Order Blocks
More significant market participants (institutions) with the ability of placing large orders in the market will generally place a sequence of individual trades spread out in time. This is referred as executing what is called a "meta-order".
Order blocks highlight the area where potential meta-orders are executed. Bullish order blocks are located near local bottoms in an uptrend while bearish order blocks are located near local tops in a downtrend.
When price mitigates (breaks out) an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity.
🔹 Buyside & Sellside Liquidity
Buyside / Sellside liquidity levels highlight price levels where market participants might place limit/stop orders.
Buyside liquidity levels will regroup the stoploss orders of short traders as well as limit orders of long traders, while Sellside liquidity levels will regroup the stoploss orders of long traders as well as limit orders of short traders.
These levels can play different roles. More informed market participants might view these levels as source of liquidity, and once liquidity over a specific level is reduced it will be found in another area.
🔹 Imbalances
Imbalances highlight disparities between the bid/ask, these can also be defined as inefficiencies, which would suggest that not all available information is reflected by the price and would as such provide potential trading opportunities.
It is common for price to "rebalance" and seek to come back to a previous imbalance area.
ICT highlights multiple imbalance formations:
Fair Value Gaps: A three candle formation where the candle shadows adjacent to the central candle do not overlap, this highlights a gap area.
Implied Fair Value Gaps: Unlike the fair value gap the implied fair value gap has candle shadows adjacent to the central candle overlapping. The gap area is constructed from the average between the respective shadow and the nearest extremity of their candle body.
Balanced Price Range: Balanced price ranges occur when a fair value gap overlaps a previous fair value gap, with the overlapping area resulting in the imbalance area.
Volume Imbalance: Volume imbalances highlight gaps between the opening price and closing price with existing trading activity (the low/high overlap the previous high/low).
Opening Gap: Unlike volume imbalances opening gaps highlight areas with no trading activity. The low/high does not reach previous high/low, highlighting a "void" area.
🔹 Displacement
Displacements are scenarios where price forms successive candles of the same sentiment (bullish/bearish) with large bodies and short shadows.
These can more technically be identified by positive auto correlation (a close to open change is more likely to be followed by a change of the same sign) as well as volatility clustering (large changes are followed by large changes).
Displacements can be the cause for the formation of imbalances as well as market structure, these can be caused by the full execution of a meta order.
🔹 Kill Zones
Killzones represent different time intervals that aims at offering optimal trade entries. Killzones include:
- New York Killzone (7:9 ET)
- London Open Killzone (2:5 ET)
- London Close Killzone (10:12 ET)
- Asian Killzone (20:00 ET)
🔶 Conclusion & Supplementary Material
This script aims to emulate how a trader would draw each of the covered features on their chart in the most precise representation to how it's actually taught by ICT directly.
There are many parallels between ICT Concepts and Smart Money Concepts that we released in 2022 which has a more general & simpler usage:
ICT Concepts, however, is more specifically aligned toward the community's interpretation of how to analyze price 'based on ICT', rather than displaying features to have a more classic interpretation for a technical analyst.
support and resistance on multi timeframe [parsimaj] Description:
support and resistance and trendline on two timeframes by your choice
This indicator is capable of showing you the current and higher timeframe support and resistance by your strategy choice (two timeframes alongside each other). It also helps you to monitor the trend direction in short and long term by trend lines . You can change the depth of every levels and trend lines from the panel. Use this indicator in all markets because it follows the basic principles of levels but is unique in changing second timeframe by your choice.
_its smart , if the levels are too close together ,it will choose the deeper ones for you.
How it works:
By default, there is no higher timeframe and you can select your desire higher timeframe from the panel. Higher timelines will be displayed thicker and your current levels would be thin lines. (Levels that are higher than the current price will be red and those that are lower will be green). The number of levels to display is also by your choice, the default is 4 levels for each timeframe.
We have two types of trend lines , long terms as trend 1 (blue below and purple above trend line )- short term as trend 2(dashed ones).
Bouncing on levels and breaking trend line are the best triggers for entry and exit points.
Setting:
First, choose your higher timeframe then the depth of levels for each time (current and higher), The deeper it is, the more precise the lines. After that you can set the depth of trend lines by your choice. Trend 1 is the longer term So put it deeper and then set the short trend line (dashed ones) if you want to change it.
We have put the settings in the best mode, but you can also change it according to your strategy and inform us about the results.
This indicator has been obtained with hours of effort and codding , hope you enjoy
Order Blocks GenieThe purpose of this Genie Algorithm Indicator is to identify Zones of institutional interest , including Order Blocks , while marking the Full Range Zones as well, with powerful smart tracking algorithm to mark and remove the appropriate levels to take for entries.
Order Blocks can be observed at the beginning of a strong, aggressive move, leaving behind a zone to be revisited later for "balance" the market. Therefore, these are interesting levels to place Limit/Market orders (Sell the Peaks or Buy the Valleys).
A Bullish Order Block is the last Bearish candle of a downtrend before a sequence of Bullish candles (thus forming a "Valley"). While a Bearish Order Block is the last Bullish candle of an uptrend before a sequence of Bearish candles (thus forming a "Peak").
Prices of the levels could be printed on the Price Scale, as well as many detailed configurations of what activates these Peak/Valleys (Zones) such as a Breakout, Close, Hard Close or Full Close. See the Tooltips in the Settings for all details of each option.
The strategy is to take the Untested Levels as long as the chart is maintaining the trend (ladder), preferably going with the trend for a higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or building of a new one. A ladder breaks with a hard close of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. Strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower High or Higher Lows + Higher Highs).
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Definitions:
1st Zone: The zone between the start of the initial candle of the Full Range (backside edge) to the 50% of Full Range Line (Average, aka. Equilibrium).
2nd Zone: The zone between 50% of Full Range Line (Average, aka. Equilibrium) to the 50% of Order Block (final candle left behind in the range before the aggressive move out).
Full Zone: 1st + 2nd Zones together.
Line: placed first at 50% of Full Range, and in specific cases gets moved to the 50% of Order Block.
Rules (in order):
- Wick Line: Mark Line Tested (light color)
- Close Beyond the Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Hard Close anywhere inside the Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Close inside 2nd Zone: Invalidate Full Zone (Remove Full Zone + Remove Line)
- Close inside 1st Zone: Shrink 1st Zone + Keep 2nd Zone + Move Line to 50% of Order Block
- Wick inside (or beyond) 2nd Zone before shrinking: Shrink 1st Zone + Keep 2nd Zone + Move Line to 50% of Order Block
Order Blocks & Breaker Blocks [LuxAlgo]The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated.
Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu.
🔶 SETTINGS
Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Style
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
🔶 USAGE
We have published several scripts covering the detection of order blocks previously, however, the concept of breaker blocks was not yet introduced.
When price mitigates an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity.
We can see that this is similar to a change in polarity, where a support becomes a resistance after a breakout and vice versa.
This script highlights regular order blocks as solid extended areas on the chart and breaker blocks as dashed lines with dual-colored areas. The color change and dashed line starts at the location where the order block was mitigated.
Using a higher "Swing Lookback" setting will return longer term order/breaker blocks on the chart.
Users can optionally enable "Historical Polarity Changes" labels within the settings menu to see where breaker blocks might have provided an effective trade setup previously.
The "Historical Polarity Changes" setting is disabled by default & is most effective using replay mode as the labels are backpainted.
The order blocks & breaker blocks themselves can be used in real-time as they are detected based on the swing length & previous breaker blocks being mitigated.
Simple ICT Order Blocks and Fair Value Gaps by Gowtham KannakajeThis scripts identifies ICT Order Block and ICT Fair Value Gaps
Fair Value Gap:
- Fair Value Gap toggle is off by default
- Users can choose to color the bars having Fair Value Gaps or can select to define the Fair Value Gap using boxes.
- Bar color and box colors can be customized
Order Blocks:
- Order Block box and candle color toggle is on by default
- Users can choose to color the Order Block candles or can select to define the Order Blocks using boxes.
- Bar color and box colors can be customized for bullish and bearish Order Block separately
Note:
- Order Blocks are considered valid only if the candle forming the Fair Value Gap closes away from the Order Block.
- Since Trading View limits the number of boxes to 500, it is advised to use the Color Candle option to identify the Order Blocks or Fair Value Gaps which are very old.
New concept Definitions:
Naked OB : An order block whose immediate next candle forms a Fair Value Gap. Here, the Order Block high or low contributes to the formation of Fair Value Gap.
Covered OB : An order block whose immediate next candle doesn't form a Fair Value Gap. Here, the Order Block high or low doesn't contribute to the formation of Fair Value Gap. Instead it will have other candles in between the Order Block and Fair Value Gap.
Disclaimer: The usage of this indicator might or might not contribute to your profits and losses and the author is not responsible for the same.
Happy Trading.
PATIThis indicator is part of our educational suite focused on teaching price structure, momentum, and mean reversion trading strategies for intraday trading. Our team has selected this set of tools and metrics, which define our trading style and serve as the foundation for our teaching, to be included in this indicator. We are displaying each component in a way we believe is helpful to their understanding which also provides a clean, comprehensive look.
This indicator is for Intraday Trading
Our Traders most commonly use this indicator on the 1,3 or 5 minute chart.
Components of this Indicator:
Multiple VWAP Levels: monthly, weekly, standard (anchored to the right of price)
Dynamically Anchored VWAP Cloud (trend tool)
13 EMA (trend tool)
Structural Orderblocks
Multi-Timeframe Fair Value Gap detection
Key Daily Price Levels (anchored to the right of price)
Customizable Opening Range (anchored to the right of price)
15 minute “Golden Zone” (shows the .5-.618 zone of the previous 15m candle)
ADR (Average Daily Range)
A4R (Average 4hr Range)
These tools are used in conjunction with the education we provide to help our users determine their optimal trade plan to utilize their edge.
Specific Functionalities and Uses:
Monthly-VWAP & Weekly-VWAP (M-VWAP/W-VWAP):
VWAP = “Volume Weighted Average Price”
These levels provide probable zones where price may mean revert and risk should be taken off/ put on. We have anchored these to the right-hand side of your chart by default to minimize the noise on your chart.
Average Daily Range (ADR): The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day. The significance is that each market has a unique range that is likely to be covered on any given day.
Average 4hr Range (A4R): The Average 4hr Range is a technical indicator used to measure the volatility of an asset twice in a single session. It displays how much an instrument can move on average during a session and is measured twice in a day. Calculating a smaller volatility range may seem strange at first but can be a huge advantage by analyzing the volatility of the intraday action, giving you average price targets based on more recent market data.
Tip: When used in conjunction with key support and resistance levels, ADR & A4R can be a huge edge to traders to determine where to push/pull risk.
Opening Range: The open often establishes the trend and sentiment for the day, but there is also statistical significance to the open that is overlooked. Statistically, on average, the open is near the high or low of the day and offers plenty of opportunities to build trading strategies. The chart below provides some potential trades that could be taken once the opening range has been established.
Dynamically Anchored VWAP Cloud: Our dynamically anchored VWAP cloud tracks the most recent impulsive move and re-anchors to show you potential bounce points in a trend. We re-anchor at each structural shift to give the most probable targets for buyers/sellers to defend their positions to continue the current trend push.
By utilizing the re-anchoring at each significant structural inflection point, we can establish a much less lagging trend following technique.
We have also included the feature to substitute this cloud for a 34/55 EMA cloud for the traders already familiar with that system.
The chart below provides potential trades that could be taken using the VWAP cloud system.
FVGS (Fair Value Gaps/ Imbalances): These areas represent potential buy/sell side liquidity imbalances where price is pushed aggressively, sweeping the orderbook and will likely return to “fix” the structure before continuing. Below is an example of 3 possible trade paths we look for inside these structural imbalances.
Structural Orderblocks:
These areas are based on structural pivots that have been pushed out of with aggression determined by subsequent structural breaks to confirm their validity. Because of this, when price returns to these areas we can anticipate this area to be defended.
The blue boxes track Orderblocks. These highlight instances of past participation which create areas likely to be defended again when retested.
Swing High/Low/Previous:
We use swing high and lows as points of short-term support and resistance, a break of these levels can signify a shift in market sentiment.
-The dashed green line shows the previous structural swing high or low pivot point.
-The solid green lines show the high and low in our current trading structure.
Note: Displaying the previous swing can provide us with context of the current market trend, and will assist us make better decisions.
15 Minute Golden Zone:
Displayed as a gray box, it tracks the .5-.618 of the previous 15m candle and gives us an area where we look for short-term resistance/support on smaller time frame price action. This area can be viewed as an equilibrium of the current range. If the price can hold this area, it can show a likely support area for continuation.
13 EMA:
This is the choice length ema of our traders, they use this ema to confirm (short-term) trend direction and reference it for a common bounce point for re-entries. Our traders consider this as a crucial point to speculate reversals and break of short-term trends.
Note: Typically in a trend we see the price hold to one side of this ema, by looking for this characteristic, it brings confidence to staying in trades.
Please check the Author Instructions Below for how to gain access to our indicators.
Smart Money Essentials [TFO]This indicator utilizes “Smart Money Concepts” like liquidity, order blocks, premium & discount, and more to analyze price action.
What’s included in the initial release:
Market Structure
Liquidity
Displacement
Order Blocks
Premium / Discount
Confluence Table
Alerts
Market structure logic objectively identifies whether the current trend is bullish or bearish, based on swing highs and lows. Liquidity levels offer insight into major pivots where we can assume many traders may place their stop loss, which can also serve as areas where “Smart Money” may be accumulating or distributing positions.
Displacement adds to this by spotting rapid price movement, often accompanied by imbalances where price may come back to before continuing in the direction of the displacement. These can be filtered based on whether the imbalance is accompanied by a Break of Structure (BOS) or Market Structure Shift (MSS), which may give additional insight into the draw on liquidity.
Order blocks (OB’s) are detected and treated as areas that may offer support for price in an uptrend or resistance in a downtrend. Premium and discount zones are essentially fitted by an “auto-fib” retracement that looks at recent liquidity levels, and optionally offers areas to look for an Optimal Trade Entry (OTE) where price retraces between 62-79% of the preceding displacement leg.
The confluence table provides an organized place to visualize and identify where any of the above concepts may be present at or around the same time. We can implement a threshold where, if the number of selected factors meets or exceeds this threshold, we can potentially identify bullish and bearish opportunities where multiple layers of confluence are overlapping.
And of course, alerts are built in for all significant events related to the above concepts, for example: runs on liquidity, BOS and MSS, rejections from OB and OTE, etc.
ASE Supply & Demand█ Introduction
ASE Supply & Demand is a multi-timeframe Supply and Demand zone indicator based on the Order Block concept. Order Blocks are a price action concept defined as a basing candle followed by a breakout candle (as seen in the chart below). A basing candle typically shows a slowing down in price action, foreshadowing a reversal and initial institutional activity. The breakout candle then confirms institutional activity with a displacement candle in the opposite direction of the basing candle. Additionally, there is an advanced feature called “Potentials,” which allows us to see price action forming S&D zones beforehand & trapped positions live through the same Order Block concept.
█ Supply and Demand Zones
The Supply & Demand zones are plotted on 8 timeframes (5m, 15m, 30m, 1hr, 2hr, 3hr, 4hr, D). In addition, there are custom settings that allow the trader to filter for the most significant zones and to cohere to their trading style:
Range Multiplier
Filters the creation of a zone based on the basing candle of Supply/Demand(0-5)
The size of the basing candle must be smaller than 0-5 times the True Range Index to create Supply/Demand.
If the basing candle range is smaller than the True Range Index, this can foreshadow the potential of institutional activity as price slows down, and a potential reversal might occur.
True Range Index
The number of bars to calculate the True Range in Range S+D mode.
Displacement Sensitivity
Filters the creation of a zone based on the displacement from the base (0-20)
Calculated by taking the breakout range (as seen in the chart below) divided by the range of the basing candle
0 = less significant, more zones
20 = more significant, fewer zones
Zone Strength Filter %
Filter out current zones based on how strong they are (0-100)
Calculated by the amount of fill within a zone. By changing the Zone Strength Filter, you can display zones that have not breached the filter % you select. For example, if you choose 80% Zone Strength, that means it will only show zones that are 20% filled or less; in other words, zones that have 80% or more yet to be filled.
0 = All Zones
100 = Completely unused zones
With these advanced filters and plotting on multiple timeframes, we have created the best Supply and Demand Indicator . In addition, these filters help to eliminate insignificant zones and noise in the market, leaving us a clean chart.
█ Potentials
Potentials foreshadow the possibility of a Supply or Demand Zone forming, the possibility of a Trapped concept, and it works great as targets or influence in our trades.
Potentials are calculated by the same Order Block concept, which allows us to see Supply & Demand/Order Blocks forming in real-time.
When a potential is triggered and holds, the line turns solid. If it continues to hold, it has the potential of forming a Supply/Demand zone based on the trader's Zone Filters. If the price pulls back and fails to hold, it will go back to dotted. Inferring it used the potential as liquidity and is potentially trapping market participants at that potential.
█ How To Use:
Supply and Demand Zones are the ‘Where’ to our trade but not the ‘Why.’ This means that the zones are our POI (Point of Interest) and ‘Where’ we want to be looking for a trade. It is not our ‘Why’ because we do not enter just because we are in a zone. This is because we expect pivots or reversals inside our Supply & Demand zones, and this rarely happens quickly.
What we want to look for in our zones is a solid base for our reversals. Simply put, we want to see new demand forming at our Demand Zones and new supply forming at our Supply Zones. This can be achieved by observing the ‘Potentials’ feature which allows us to see new Order Blocks or ‘Base Candles’ forming. With a trained eye, the ‘Potentials’ feature is highly effective in addition to its ‘Trapped’ logic which can offer entries on their own. The "Trapped" label on potentials shows potential trapped buyers or sellers after we reach that level. Observing and understanding how price action facilitates, especially around the zones, is crucial to its usability. In addition, other strategies or indicators can be used in confluence to support bounces out of demand and rejections out of supply.
Ultimately once we find a viable entry, we want to see a complete cycle. For example, if we caught a bounce out of demand with new demand forming, we would want to see the cycle complete and us reach the next supply or manufacture new supply. The ‘Potentials’ feature is the easiest way to gather multiple targets and at the same time offers stop loss management.
█ Settings:
Enable Supply/Demand/ Zones and Potential Liquidity
STF S&D Zones - Enables 5 minute and 15 minute timeframe for zones
LTF S&D Zones - Enables 30 minute and 1 hour timeframe for zones
HTF S&D Zones - Enables 2 hour, 3 hour, and 4 hour timeframe for zones
Daily S&D Zones - Enables Daily timeframe for zones
Enable Potentials
Supply Demand Zone Models
Range - Filters zones based on the range of candles before supply/demand
Displacement - Filters zones based on the displacement of the breakout candle
Range + Displacement - Filters zones based on the displacement of breakout candle and range of the candles before supply/demand
Supply Demand Zone Filters (see “Supply and Demand Zones” section for usage)
Range Multiplier
True Range Index
Displacement Sensitivity
Zone Strength Filter %
Deletion Conditions
Confirmed - Deletes zone upon time-frame close above supply or below demand
On Break - Deletes zone upon break above the top of supply or break below bottom of demand
On Tap - Deletes zone upon the touch of supply or demand
Other Settings
Price Labels - Turns on Zone Price Levels
Supply/Demand Color Input - Customize color of zones to your liking
Supply Demand Border Width - Change the border width of zones (0 would be completely borderless zones)
Supply Demand Transparency - Change transparency of zones (0 is completely solid zones, 100 is completely transparent)
Transparency Input - "Normal" Transparency stays at the level that's set; "Decrease with price" as price moves through, the zones become more transparent
Default Color - Changes color of any text/labels (default is gray)
Text size - Change size of text on labels
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions.
Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones.
Use Cases
1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles.
2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis.
3. Breakout traders can easily target pivot zones’ breakout and breakdown.
4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones.
5. Analyze contrary pivot zones to set realistic profit targets.
Objectivity
By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters.
Chart Issue
If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Order Block Detector [LuxAlgo]This script makes use of high-volume activity as an indicator of the presence of market participants accumulating orders in specific areas on a lower timeframe by detecting volume peaks to form order blocks.
Mitigated order blocks are automatically hidden from the chart, also allowing users to be able to select two different mitigation methods "wick" and "close".
Additionally, users can be alerted for the creation and mitigation of bullish/bearish order blocks.
Settings
Volume Pivot Length: Lookback of the pivot function used to detect volume peaks, lower values will detect order blocks more frequently.
Bullish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Bearish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Bearish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Average Line Style: Line style of the average order block level.
Average Line Width: Line width of the average order block level.
Mitigation Methods: Method used to determine how an order block is mitigated. "Wick" will mitigate order blocks if the candle wick goes outside of the order block and "Close" will mitigate order blocks if the closing price goes outside of the order block.
Usage
It is common for more significant market participants to execute orders incrementally in order to avoid overwhelming the market and cause significant price movements. This practice allows the orders to be executed more efficiently and effectively, reducing the impact on the market and minimizing the potential for price volatility.
Order blocks are price areas where these orders are executed incrementally and are commonly used as areas of support/resistance for traders.
Bearish order blocks occur during a downtrend, while bullish order blocks occur in an uptrend. Bullish order blocks range from the price low to the median price, while bearish order blocks range from the median price to the price high. The median price is used as an equilibrium point.
Users can highlight the bars where an order block was detected from the style settings by toggling on the 'Bull OB' or 'Bear OB' selections.
Note that in order to confirm a peak Volume Pivot Length bars are needed, as such note that order blocks are shown retrospectively.
SFC Smart Money Manipulation - MTF ZonesThis indicator shows the most important manipulated zones - true support and resistance.
The indicator can show the zones from different time frames - 1H, 4H, D and the current TF.
Order Block definition - small candle or few consecutive candles, where banks place buy and sell orders in order to manipulate the price. After price is manipulated and moved in one direction, the banks are in draw down, that is why they manipulate the price one more time before the true move, retesting these candles (closing losing positions).
FU candles
FU candles are most manipulated candles and create very strong reaction zones. These are the true zones, where the banks place their orders.
Why they are so strong? The answer is very simple - these candles clear the liquidity from the previous ones. After the liquidity is cleared ( all stop losses/pending orders are triggered), price reveal the true direction and move very fast.
FU candles are type of Order Blocks - the most powerful one.
Because the most volume is in the body of the order block. The indicator shows not only the FU candle, but the body of the order block.
There are two types of FU candles :
(only full FU candles are displayed as zones, because they are much significant)
1) Full fu, where the current candle completely engulf the previous one, after taking the liquidity. (displayed as F)
2) Current candle only take liquidity from the previous one, but failed to engulf it. (displayed as A)
9 day simple moving average is also displayed. When the price form Fu candle above/under the MA, there is a better chance for reversal.
When FU candles are retested the transparency will change, showing that the zones may have less impact.
Order Blocks
Only the current order blocks are displayed. Price react very often from the 50% level, that is why this level is also displayed.
Rejections
Rejections are doji candles or candles with big wicks. These rejections very often lead to reversals or deep pullbacks. But before the true move, price test the rejection levels. The retest is not always, but very often of the 50% of the wick.
The rejections are very important price zone.
The indicator can show the zones from different time frames - 1H, 4H, D and the current TF. When wicks are retested the transparency and colour will change, showing that the wicks may have less impact or no more impact.
Settings
-The colour and transparency of the zones can be changed.
- Multi time frames zones could be disabled.
- Doji settings
- Length of the moving average
How to use
If price reach one of the displayed zones. The trader should be prepared for price reaction. This reaction could lead to reversal, pull back or trading range.
The trader should have bias from the higher time frames and watch for signs of manipulations on smaller time frames.
Bodies X Wix Version of Smart Money Tools by makuchaku & eFeThis is the same Script as Super Fair Value Gaps / FVG /BoS / by makuchaku & eFe. Mine Should Default to Large Text instead of small. The Super Order Blocks I believe was meant to for you to find one of the many Smart Money tools such as turn on the Fair Value gap but leave the others off, or Turn on where the Break of Structure and leave the others off. The reason I believe this is because the default values for each of the structures were default colored (green for positive and red for negative) for all.
Mine has a different Color for every possible structure. As long as you can read with the larger text that I added, then you can create your own boxes positive for break of structure, rejection block, order blocks and fair value gaps for any time frame. The reason I did that is because There's only certain things I believe I will need to mark for myself in each time frame, and then from there You can stretch iyour own box out further in time because if price touches a fair value gap for example, the fair value gap should conyinue in time until at least 2 candles have filed the Fair valu gap going both directions. That's truly when the fair value gap should is mitigated and will from off the chart. However, If I knew How to add the code for that, I would.
Additionally, I have the Max Boxes per chart, so you should have the ability to see every OB, FVG,RJB, & BoS on the chart
I tried my hardest to create a colored border that was different from the box. But the way the original was coded was almost impossible to do. Because they defined each of the structures (FVG, OB, BoS, RJB) outer levels, when the outer levels connect via math in the code, then it joins all the outside lines for a rectangle. When creating a box, the coloe will always be the same as the border unfortunately. (Unless I replan this from the beginning)
I also Changed the default labels for reach structure from a hard to read gray to a white that pops out.
Also, chart indicators are a little large as well. Such as the cross, sideways cross, The green Triangle, and the white Diamond. You'll get used to it or you can change it as well.
Creating videos for students, you need something they can see.
So, I just wanted to ensure everything was a little more unique and easily usable when showing this to my students when I send them private videos for our weekly lessons. I'm trying to learn how to use the IPFS for THAT, (which i see has invaded PineScript) Hope this indicator helps.
If you're to borrow this, Just make sure you keep the authors in the name makuchaku & efe
Mastering Market Structure"Market structure first, always" - Mr. Anderson aka TrueCrypto28 right before he went on to master Kung-Fu
Understanding and identifying market structure is essential for successful and consistent profitability. No system is perfect, but trading in the direction of the prevailing market structure can reduce the likelihood of being caught severely offsides and can yield trades with tighter invalidations and greater risk-to-reward potential.
This script will automatically identify and plot the following:
Market Structure
Pivot highs and lows using the lookback left and right lengths are analyzed to identify major swing highs and lows to identify the current trading range.
Bullish structure is characterized by a series of higher highs and higher lows.
Bearish Structure is characterized by lower highs and lower lows.
Structure breaks when a bar closes outside the current trading range. Major swing highs and lows will update following these breaks to continue following the current price action
Current market structure bias, bullish or bearish, can be displayed in a table in the location of your choosing.
Structure is fractal, so seeing low time frame structure shift against the high time frame structure can identify the beginning of a pullback. When it realigns with the high timeframe structure, it can identify the beginning of the high time frame trend continuation. You can choose to analyze structure on any timeframe with this script and even add multiple copies of it to your chart each analyzing different a timeframes to easily find high quality trade opportunities.
Fibonacci Levels of the current trading range
These are included to help identify areas of interest for trade execution and profit levels.
We want to buy at a discount and sell at a premium. The "Wholesale Zone" can be considered below the 50% retracement level in bullish structure, or above it in a bearish structure.
When in a bullish structure, "discount" buy opportunities can be found below the 50% retracement level with the expectation of trend continuation.
In a bearish structure, more ideal "premium' sell opportunities can be found above the 50% retracement with the expectation of trend continuation.
Optimal trade entry (OTE) zone, between the 61.8% and 78.6% retracement can offer a great risk-to-reward ratio for execution of a new position in trending environments.
When trading sideways in a range, opening new buy positions near the bottom of the range or new sell positions from the top of the range are preferred. Midrange 50% level commonly sees some reaction and can be used as a primary target with further targets either being the opposite end of the range or lower support levels (see order block section).
Order Blocks
New Bullish and bearish order blocks are created and plotted with every respective market structure break. They identify the price level from which the most recent leg of price action that yielded the structure break began.
In strong trending environments, these levels should continue to support or resist price. They are great areas to look to enter new positions.
Order blocks can also be used as targets for your trades to avoid giving back unrealized profits as price tends to react off of these levels.
To keep your chart clean and the order blocks relevant, an order block will be automatically deleted if price trades through and closes beyond it. Otherwise, printed order blocks will remain on your chart until either it's origin bar is out of TradingView's maximum bar history allowance or their maximum box count allowance.
Pairing these with fibonacci levels, retracements into order blocks that are in the Wholesale Zone or even the OTE zone offer higher probability trades with more favorable risk-to-reward potential.
Swing Failure
Swing failure patterns (SFPs) arise when a candle takes out a swing high or low, but fails to close beyond it.
Again, pairing these with other features of this script like range boundaries, wholesale zones, OTE zones, and order blocks can help traders identify the best times to actually execute their trade as SFPs are commonly seen at points of inflection in price action.
Moving Averages
Up to 4 moving averages from the current time frame are available. MA type and lengths can be adjusted to your preference.
Up to 4 MTF MAs. By Default this is an EMA 200 as it is commonly used for trend identification and support/resistance.
These are included for confluence of trend direction and strength.
They can also act as dynamic support and resistance and so can be useful for trade execution if price bounces or rejects off of them or targets as price may do so when it reaches them.
Additionally, alerts have been coded for the following scenarios:
MS Break alerts will trigger on bar close when a break in market structure has been confirmed.
SFP alerts will trigger on bar close when the swing failure pattern has been confirmed.
Entering OB alerts will trigger as soon as price touches the closest order block.
Entering Wholesale Zone alerts will trigger as soon as price cross the 50% retracement level. This can be used as an early alert to identify assets that have undergone a significant pullback before potential continuation in the direction of the main trend.
Entering OTE Zone alerts will trigger as soon as price crosses into the Optimal Trade Entry zone between the 61.8% and 78.6% retracement.
This script is unique in the way that it tracks market structure, automatically updates as price action continues to develop, presents high quality areas of interest, and SFPs for trend reversal and continuation. Traders will no longer need to constantly monitor their charts or exhaustively update their alerts to find good trade opportunities. This script takes care of all of it automatically. Collectively, all of the included features can be used to build a complete trading system.
Smart Money Concepts (SMC) [LuxAlgo]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category.
"Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action.
The indicator includes alerts for the presence of swing structures and many other relevant conditions.
Features
This indicator includes many features relevant to SMC, these are highlighted below:
Full internal & swing market structure labeling in real-time
Break of Structure (BOS)
Change of Character (CHoCH)
Order Blocks (bullish & bearish)
Equal Highs & Lows
Fair Value Gap Detection
Previous Highs & Lows
Premium & Discount Zones as a range
Options to style the indicator to more easily display these concepts
Settings
Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
Confluence Filter: Filter non-significant internal structure breakouts.
Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows.
Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart.
Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
Auto Threshold: Filter out non-significant fair value gaps.
Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart
Usage
Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals.
In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart.
Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above.
As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels.
The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator.
Conclusion
This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
Automatic Order Block + Imbalance by D. BrigagliaThis script combines automatic orderblock and imbalance tracking.
Bullish OB - Blue
Bullish Imbalance - Green
Bearish OB - Red
Bearish Imbalance - Orange
Please note that the actual definitions of orderblock and imbalance are not respected in this script for the sake of simplicity. Scripts that are too complex may overfit some particular chart. Since there is no way to translate the actual ob and imb definitions into pinescript language, I decided to keep it simple.
Ideally, you want to see a bullish OB followed by buy side imbalance, or viceversa. OBs that are broken weakly are generally invalidated, ones that are broken strongly generally become breakers, and you can use them as good support/resistance levels.
Also, a good thing you can do when an OB and an imbalance match, is going in the lower timeframes and catching the structure reversal in the OB or imbalance zone. That may provide excellent RR trades. Always trade with OB that confirm the HTF trend.
Nothing in my content on tradingview is considerable investment advice.
Market Structure BOS/CHOCH/MSB/FVG/OB/BB (Nephew_Sam_)This market structure indictor uses pivot points to find break of structure and change of character.
You can enable the options to find Fair Value Gaps, Breaker Blocks and Orderblocks too. The way this works is, once a bos/choch is found, it will loop back and find all fvg/ob/bb from that point until the previous pivot point.
Settings
Pivot strength - How many candles to the left/right requried to determine a swing high
Breakout Confitmation - The breakout candle should close under the previous pivot or the wick H/L should be under
Show xyz - show HH/LL, Break of structure and change of character
FVG/OB/BB - Show, bull/bear colors, extend boxes to the right, delete boxes once filled, fill type close or H/L
ArtiumPro Main Market StructureThis indicator maps out Market Structure using real time price action rather than simply pulling "pivot" points. Use to see at a glance where a BOS or CHoCH has occurred and where the current and historic highs and lows are.
- M-BOS happens when a main break of structure occurs (trend continuation) the continuation of a bullish or bearish trend.
User setting change line style, color and transparency & turn off text, change text color and transparency
- M-CHoCH happens when a Change of Character occurs (trend change) this is the 1st sign of a possible change of the trend direction from bullish to bearish or bearish to bullish
User setting change line style, color and transparency & turn off text, change text color and transparency
- M-swh & M-swl are the current active unmitigated highs and lows
- User setting for M-swh & M-swl allows you to chose the amount of active highs / lows you want to see on the chart. this can be used at a glace to see where potential liquidity may be laying. If you only want to see the last most current
high an low you can turn on the "just last active" option box.
- User settings to turn on or off the old mitigated highs lows making it easy to see at a glance when old highs and lows have been broken or swept. The label for this is also customizable to user preference.
FXC Order Block Finder █ OVERVIEW
The FXC Order Bock Finder finds and draws institutional order blocks according to the Smart Money Concept. Order blocks are zones where institutions have most likely left some orders that need to be filled at a later point in time. In These order blocks or POIs can be used to either place limit orders or to look for instant entries as price comes to retest the zone. It works on all time frames but higher time frames tend to be more precise.
█ HOW DOES IT WORK?
The indicator waits for a break of structure (BOS) and then prints a zone if there's an engulfing pattern and an open imbalance. Basically it draws zones where a fake move followed by aggressive buying or selling happened and Imbalances were left open.
█ WHAT MAKES IT UNIQUE?
Apart from the fact that I haven’t found any indicator that is able to properly draw order blocks most indicators do re-paint which doesn’t make any sense in the case of the Smart Money Concept.
Furthermore does this indicator have settings that let’s you adjust how the order blocks are drawn. From wick to end of the imbalance or candle close to imbalance. Also you can set how many candles it takes into consideration for the imbalance in case the imbalance starts after the engulfing pattern has formed. And you can set how many candles have to checked to determine a BOS or an internal BOS by using fractal breaks.
█ HOW TO USE IT?
Either place sell limits at the lower end of the order block with SL slightly above the OB and buy limits at the upper end of the OB with SL slightly below the OB. Target a fixed Risk Reward Ratio or trade it to the next order block. By using multi time frame analysis you can determine the overall direction of the market and prevent low probability trades. Also worth mentioning is that order blocks that have been created during high volume sessions tend to result in way better trades than with order blocks that have been printed during the Asia session.
█ ADDITIONAL INFO
As soon as price retested an order block the order block is mitigated and therefore not valid anymore. Also order blocks that are too far back in time are less probable to deliver good trades. In general the win rate tends not to be too high using this method but more often than not there's a reaction as price taps into an order block and trades with high RRR are quite often. As always in trading, proper money management and risk management is key.
█ DISCLAIMER
This is not financial advice. The Indicator spots these zones according to the smart money concept . However there's absolutely no guarantee that a nice order blocks results in a good trade.
█ Examples
PT OrderBlockVersion 1.0 of the PT OrderBlock indicator was developed to visually identify supply & demand zones within price. This indicator can be used on all timeframes. My preferred method is swing trading the higher timeframe.
Orderblocks are formed when there is a break in structure once a big buy/sell candle has formed. These "blocks" will eventually get revisited on a retest acting as major support/resistance. An orderblock for a demand zone is populated on the chart when there is a bearish candle before a swift move to the top side (opposite direction). The same goes for the orderblock that is formed for a supply zone, it is the last bullish candle before a swift move to the downside. Once you see such behavior, the indicator will populate the orderblock for you. When an orderblock gets mitigated (tapped into) the indicator will change colors of the block to allow you to distinguish between a fresh and already taped supply/demand zone. It has been proven effective to enter entries based on retests of the orderblocks which take place AFTER a break in market structure.
*PT OB Features:
-OBs that have been partially filled will remove a portion of the background zone to indicate how much of the orderblock is left to fill in the full zone (Toggle Highlight remaining OB).
-OB trigger can be switched between candle open & wick. I prefer wick because it increases the probability of catching a low/high.
Video with strategy will be uploaded shortly! It is included as part of the library. Just message us for access!
