Market Structure (Range) & Internal Liquidity
This indicator will simplify the price-action reading of any trader/investor by decluttering his/her charts from un-important & confusing candles to highlight the true momentum candles which are usually formed by institutional buying/selling .
The indicator will be a good tool in the arsenal of the following styles of Trading/Investing
Smart Money / Liquidity Concepts
Price Action Concepts
Demand & Supply Concepts
Support & Resistance Concepts
UNIQUE FEATURES:
1. Market Structure - Range & Internal Liquidity:
Unlike other liquidity indicators, this indicator only highlights liquidity levels of significant importance. Not every intermediate high & low in a chart are worthy of noticing, hence by enabling the 'Swings' & 'Range (BoS)' feature in the indicator settings, the structure highs and lows (external liquidity) in a chart can be identified.
Any other liquidity levels within a market range (Range between structural High & Low) is known as internal liquidity which price targets to collect enough orders before heading towards the external liquidity levels.
2. Gaps (Fair Value Gaps / Imbalance):
Not every imbalance / gap between candles are important & trade-worthy. This feature of the indicator is different from the other widely available imbalance indicators & only highlights gaps formed by true momentum candles. Gaps between unimportant inside bars are not highlighted, as these bars occur in the absence of momentum.
3. True Price Action:
Looking at the two charts below, we can clearly observe the difference between price action of a confusing normal chart & the simplified price action highlighted by the indicator. This feature declutters the charts by only highlighting the candles a trader / investor should notice in a chart.
This feature when used in confluence with the liquidity levels feature & gap feature of the indicator, helps identify the true demand & supply zones (order blocks) in a chart.
Before
After
4. Zig Zag Lines:
This unique feature which is useful to Identify & Backtest different entry types taught by Smart Money Traders . This feature helps the trader understand the True Fractal Nature of price. This can also be seen as an alternate to the default line chart feature.
Examples of Entry Types taken by Smart Money Traders
ADDITIONAL FEATURES:
(These features are essential addons to trade liquidity. However, these are derived from publicly available indicators from the Tradingview library, but with a different interpretation for a better visualization of charts & or to time better trade entries without cluttering the charts)
a. Inside Bar & Outside Bars:
Identify not just a single Inside Bar as highlighted by other indicators, but to highlight a series of candles which are within a master candle range and are exhibiting unimportant sideways price action.
Outside Bars only relevant to momentum candles are highlighted, ignoring candles that occur within a master candle range. Highs & Lows of such Outside Bars are used by aggressive traders to identify liquidity levels in the charts.
b. Highs & Lows of previous Monthly / Weekly / Daily & Hourly Candles:
This feature draws Highs & Lows of previous Monthly / Weekly / Daily & Hourly Candles on the extreme right hand side of the chart to keep the charts clean.
Additionally for Hourly time frame, the indicator includes a setting to select the hourly candle time frame (60 min / 75 min / 240 min), which are personal and different for each trader.
UNDERLYING CONCEPT:
In the image below we see how a large majority of Traders / Investors incorrectly mark Structure markings, mistaking a raid of internal liquidity as a Break of Structure, thereby taking trades opposite to the broader trend of the markets
However, this indicator has a higher accuracy of identifying the correct price structure by only marking a structure high or low, when a subsequently opposite side liquidity is taken/raided. Further the broader trend of the markets can be easily identified by looking as to which side the Break of Structure has happened. (This is visible in the indicator in the form of 'Range' feature, so if a Range High is broken then it is understood to be in an uptrend & vice versa)
The underlying core functionality of the indicator is best displayed by the image below
USECASE OF THE INDICATOR:
Before taking any Buying/Selling position in the markets, a Trader / Investor must analyze the price action on the following parameters
HTF & LTF Trend Identification (To judge if trade is Pro-Trend or Counter-Trend)
Is Price at a High Probability Area of Interest?
Is Price satisfying the trade entry conditions?
Let us see how this indicator can be used as a complete trading system in itself and addresses each of the above parameters
Disclaimer: Illustrations shown below are just for understanding the features of the indicator & does not guarantee profitability. Every trader must back test their setups to arrive at a setup with an edge (positive expectancy) before they start actively trading the setup.
1. HTF & LTF Trend Identification (Pro-Trend / Counter-Trend) using 'Range (BoS)' feature of the indicator
Let's assume a Day Trader, uses hourly chart (75 min) to frame his Higher Time Frame (HTF) ideas & 15min charts (LTF) for trade entries
Looking at the chart below the Trader concludes that the HTF has most recently broken the structure to the downside and is considered Bearish till price action is below the range high of 48600 levels. It can also be concluded that the price is currently in a Bullish retracement.
The Trader can choose to take both Pro-Trend or Counter-Trend Trades, timing the trade entries using the LTF charts.
Looking at the LTF chart below, it is evident that price on LTF has also broken structure to the downside and is now aligned with the HTF Bearish Trend. The Trader will now look to get into short trades, to take trades both in line with HTF & LTF trend.
2. Let's identify if Price is at a High Probability Area of Interest, using either single or combination of the 'Swings' / 'Gaps' / 'Outside Bars' / 'HL of previous M,W,D, H candles' features of the indicator
Definition of High Probability Level / Area differs from each Traders perspective depending upon which of the Trading Styles (mentioned in the beginning) does one use.
Smart Money Traders
SMC Traders are known to get into trades early and their high R:R trades are taken mostly at a High Probability Area of Interest which are identified by them on HTF, by looking for candles with imbalance (gaps) & or candles which have taken out a previous liquidity and then having creating imbalance (gaps).
Also Turtle Soups is one of the favorite setups for SMC traders, where a trader enters a trade on LTF (typically 1 min/3min & 5min) after grabbing HTF liquidity lying at H/L of outside bar / previous monthly, weekly, daily or hourly candles.
Demand & Supply Traders
Some of the Best Demand & Supply Traders have the patience to wait for trades and take trades at the extreme Demand & Supply Zones within a market Range.
As illustrated below, the extreme hourly supply zone just below the structure high, which has the confluence of imbalance and Bearish HTF confirmation resulted in a good R:R trade.
Price Action Traders & Support & Resistance Traders
From the illustration below we can see how the 15 min Range breakdown confirms the breakdown of the Inverted Cup Pattern for Price Action Traders & Support & Resistance Traders using the same area of breakdown as the new Resistance to enter Short trades
3. Let's identify if Price is satisfying the Trade Entry Conditions using the 'Zig-Zag Lines' feature
Statistics say that majority (> 80%) of Traders blow up their accounts multiple times or completely give up and never achieve profitability.
One of the primary reasons for this is Traders punching trades randomly and without having proper Setup or rules for entering Trades.
Also in order to arrive at rules or execute the different entry models (couple of examples highlighted earlier) taught by different Trainers, a Trader needs to learn to visualize charts in a similar format to what the trainers are teaching.
The Zig-Zag lines feature is a form of line chart that joins the swing high points to the swing low points on the chart to represent the True Price action & a proper fractal nature of the markets, unlike the line chart which is formed by only by joining the closing value of each candle.
From the image below we can see that the Zig-Zag lines feature eliminates the randomness visible in the line chart and is a more smoother chart. Using this feature one can back test the various entry models widely available on the internet or arrive at a user specific model which he/she is comfortable with.
CONCLUSION:
Trading with a deeper understanding of Price Action allows a Trader/Investor to enter or exit trades with ease. Price Action trading allows individuals to keep their charts clean and stay away from the other lagging technical indicators and enter trades much earlier than other technical indicators.
This indicator attempts in simplifying the understanding of price action for every one and identify potential high probability areas / levels where one should enter / exit trades.
This indicator will be an important tool in the arsenal of any Trader / Investor to take better informed trades, however it does not guarantee profitability of a Trader, due to the randomness of the markets & external factors that influence each trader.
GET ACCESS:
Refer Author's instructions below to get access to the indicator
Smcconcepts
itradesize /\ Time Cycles x ZeussyI created this script based on Zeussy's & TOTK time cycle tweets.
The base 90-minute cycle starts at 2:30 AM NY time. For the best outcome, trade only during the New York AM & PM cycles. If you are a London trader, use mainly the Asian high and low instead of those 90-minute cycles as the algorithm mostly refers to them instead of the 90M cycles high or low.
In the current time cycle, we use the high and low of the previous cycle(s) to determine order flow.
During the current time cycle, IPDA refers to the previous cycle(s) as high or low. How the price reacts to these price levels is crucial for measuring order flow.
Every turning point in the market is timed and predetermined beforehand. The importance of timing can be seen by glancing at the history of the charts.
To measure order flow, we look for the following signs of reversal or continuation:
- If the price was bullish but does not find support at the previous cycle's high after breaking above it, it is the first warning sign that the order flow is potentially changing.
- If the price was bearish but does not find resistance at the previous cycle's low after breaking below it, it is the first warning sign that the order flow is potentially changing.
- If the price is bullish, then it should find support at the previous cycle's high after breaking above it.
- If the price is bearish, then it should find support at the previous cycle's low after breaking below it.
Each cycle has its Accumulation , Manipulation , and Distribution (AMD) characteristics within the larger sessions.
Even smaller cycles have these characteristics too. You can divide them further or add them up to get a more complex picture.
The indicator primarily shows the 90-minute cycles, but you can also view the multiples of 90-minute cycles to get a higher 270-minute picture. You can even divide them further into 30-minute cycles. (These 30-minute cycles can also be divided into 10-minute cycles.)
The AM sessions are from:
- 07:00 - 8:30
- 8:30 - 10:00
- 10:00 - 11:30
The PM sessions are from:
- 11:30 - 13:00
- 13:00 - 14:30
- 14:30 - 16:00
Regarding the features of the indicator, you can show the cycles as dividers or use boxes to highlight them.
The indicator also comes with a pivot high & low for the 90-minute cycles, which means the script automatically lengthens the high or low of the former 90-minute cycle until it's taken. If it has not been taken until the 90-minute cycle ends, it stops drawing.
Liquidity Finder🔵 Introduction
The concept of "liquidity pool" or simply "liquidity" in technical analysis price action refers to areas on the price chart where stop losses accumulate, and the market, by reaching those areas and collecting liquidity (Stop Hunt), provides the necessary energy to move the price. This concept is prominent in the "ICT" and "Smart Money" styles. Imagine, as depicted below, the price is at a support level. The general trader mentality is that there is "demand" for the asset at this price level, and this demand will outweigh "supply" as before. So, it is likely that the price will increase. As a result, they start buying and place their stop loss below the support area.
Stop Hunt areas are essentially traders' "stop loss" levels. These are the liquidity that institutional and large traders need to fill their orders. Consequently, they penetrate the price below support areas or above resistance areas to touch their stop loss and fill their orders, and then the price trend reverses.
Cash zones are generally located under "Swings Low" and above "Swings High." More specifically, they can be categorized as support levels or resistance levels, above Double Top and Triple Top patterns, below Double Bottom and Triple Bottom patterns, above Bearish Trend lines, and below Bullish Trend lines.
Double Top and Triple Top :
Double Bottom and Triple Bottom :
Bullish Trend line and Bearish Trend line :
🔵 How to Use
To optimally use this indicator, you can adjust the settings according to the symbol, time frame, and your needs. These settings include the "sensitivity" of the "liquidity finder" function and the swing periods related to static and dynamic liquidity lines.
"Statics Liquidity Line Sensitivity" is a number between 0 and 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of lines identified. The default value is 0.3.
"Dynamics Liquidity Line Sensitivity" is a number between 0.4 and 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of lines identified. The default value is 1.
"Statics Period Pivot" is set to 8 by default. By changing this number, you can specify the period for the static liquidity line pivots.
"Dynamics Period Pivot" is set to 3 by default. By changing this number, you can specify the period for the dynamic liquidity line pivots.
🔵 Settings
Access to adjust the inputs of Static Dynamic Liquidity Line Sensitivity, Dynamics Liquidity Line Sensitivity, Statics Period Pivot, and Dynamics Period Pivot is possible from this section.
Additionally, you can enable or disable liquidity lines as needed using the buttons for "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line."
Seasonal Tendencies - SMC IndicatorsA Seasonal Tendency refers to a historical price action behaviour that tends to repeat during specific times of the year, month over month.
It's a roadmap to navigate price action on the daily chart to help determine the medium to long-term bias.
Seasonal Tendencies are NOT an exact prediction of future price action but rather serve as a guideline for spotting high-probability opportunities when combined with other elements of SMC Price Action analysis, such as Order Blocks, Fair Value Gaps, etc...
The Seasonal Tendencies Indicator has been tested to match what ICT has taught in his lectures. It can be applied to any Market or Asset. However, it's limited by the maximum number of years available on tradingview.
Traders can use this Seasonal Tendencies indicator to support their already existing analysis as an added confirmation tool. This indicator should not be used as a main reason to enter a trade idea.
The Seasonal Tendencies Indicator can be used in 2 ways:
1) To look for potential points of long-term reversals during specific times of the year.
2) To look for confirmation and align with an existing long-term trend.
So how does it work?
The Seasonal Tendencies Indicator takes the averages of the last 30, 10, and 5 years' prices by default and compares them to the current year's price action (Green Line).
However, the number of years chosen for the averages can be modified in the indicator's setting.
When looking at the historical price action lines, generally, the price tends to make the lows and highs during specific times of the year.
Note that we should not look at the exact dates these lows and highs form, but we take time periods conceptually instead.
In the example below, the SP500 5-year average made the low on 14 March, and the SP500 10-year average made the low on 23 March.
This gives us the idea that "generally" SP500 makes the low of the year around the 2nd to 3rd week of March every year.
So, IF the trader's analysis was pointing out that SP500 is Bullish, then we use the information that we derived from the Seasonal Tendencies Indicator to look for long setups around the 2nd to 3rd week of March for medium to long-term swing trades.
The Seasonal Tendencies Indicator can also be useful for day traders as it helps support their daily bias to look for trades within the direction of the higher timeframe trend.
How do we measure the strength of the Seasonal Tendencies?
When using the Seasonal Tendencies Indicator, it's important to look for periods where the averages converge and get closer to each other. This usually indicates that during those specific periods, there is a high probability for the price to behave in a certain way.
So the closer the averages are to each other, the more likely the price would respect the Seasonal Tendencies.
Bonus Feature
Premium Discount Range
As a bonus feature, split the Seasonal Tendencies Indicator's Range into 4 quarters to indicate when the price is at a Premium (above the 50% level in Red) and when the price is at a Discount (below the 50% level in blue).
Each Premium and Discount range is also split into 2 halves.
Those levels can also be used to identify potential turning points when comparing the Current Year's price positioning in the Yearly Range to historical price action.
As you can see from the example below, most major turning points happen at around key price levels.
Index Kill Zones - SMC IndicatorsWhat are Index Kill Zones?
Index Kill Zones are specific Time Windows of opportunity during the Session for Indices that have the potential for the highest volatility and where looking for trading opportunities is ideal.
The Index Kill Zone Indicator is specifically designed for the SP500, NQ100, and DJ30, Markets. What differentiates this script from other Kill Zones scripts is that this script is based on NY Midnight as the basis for the start of the day.
This is not the usual below-average Index Kill Zone indicator because this indicator does not only show the 3 main Kill Zones or Sessions, but it also offers extra Kill Zones within each session that are called "AM Session", "PM Session", the "Launch Hour", the "Silver Bullet for the London, AM, and PM Sessions", and the "Last Hour" for the London, AM, and PM sessions.
Another key differentiator of this indicator's functionality is that it shows the highs and lows of each Kill zone allowing SMC traders to monitor Time-Based Liquidity above the highs and lows of each trading session.
By splitting each trading day into AM and PM Sessions, we can identify 3 types of potential daily profiles. These daily profiles could be used as conceptual templates as to what to expect from the price during a certain day. The 6 templates are the following:
1. Two Sessions Up: Where the price would go in one direction higher during both the AM and PM Sessions.
2. Two Sessions Down: Where the price would go in one direction lower during both the AM and PM Sessions.
3. AM Rally, then PM Decline: The price would go higher during the AM session and then lower during the PM Session.
4. AM Decline, then PM Rally: The price would go lower during the AM session and then higher during the PM Session.
5. Consolidation, AM Rally, then PM Decline: Where the price would consolidate most of the AM Session, then go higher into the last hour, and then reverse and go lower during the PM Session.
5. Consolidation, AM Decline, then PM Rally: Where the price would consolidate most of the AM Session, then go lower into the last hour, and then reverse and go higher during the PM Session.
Within each AM and PM Session, there is a "Silver Bullet" that acts as a time window of opportunity to get into a continuation trade in the direction of the prevailing trend.
Also, within each AM and PM Session, there is a "Last Hour" that acts as a time window of opportunity to get into a trade in the direction of the potential trend if the price has not moved yet, or as a reversal trade opportunity if the price has already ran previous short-term highs or lows.
Finally, we have also incorporated a Notification function to remind the trader of the start of the trading Kill Zones to not miss out on potential trade opportunities.
Key Functionalities
Universal Time Reference
Every day starts at 00:00 NY Midnight, irrespective of the trader's local time, Instead of the Standard GMT Midnight. This allows all Index Kill Zones to be in line with the New York start of the day at Midnight, as taught by ICT.
Weekend Highlighter
This feature highlights time from Sunday Market Open at 5 PM NY Time to 00:00 NY Midnight.
It's useful for identifying the non-trading or the low volatility periods when trading should be avoided.
Features Breakdown
Lookback Period
Defaulted to 60 trading days, aligning with “IPDA Data Ranges”, which is ideal for backtesting.
It's adjustable for trading, and it's recommended to keep it at 20 trading days to focus on the most recent data only.
24-hour Daily Intervals
The 24-hour intervals are not the same as the usual daily candle. Instead, the start of each trading day is anchored to the 00:00 NY Midnight.
Highlights "Days of the Week" labels, "Weekend" Trading Time, and the daily high-low ranges based on the start of trading day mark being at 00:00 NY Midnight.
London Kill Zones (Green)
The Full London Session starts from 02:00 NY Time to 05:00 NY Time.
London Silver Bullet starts from 03:00 NY Time to 04:00 NY Time.
London Last Hour starts from 04:00 NY Time to 05:00 NY Time.
Highlights the high and low of the London Kill Zone to Identify Time-Based Liquidity above and below the London Kill Zone Range.
AM Session Kill Zone (Blue)
The full AM Session Starts from 09:30 NY time to 12:00 NY Time.
AM Session Silver Bullet starts from 10:00 NY Time to 11:00 NY Time.
AM Session Last Hour starts from 11:00 NY Time to 12:00 NY Time.
Highlight the high and low of the AM Session to Identify Time-Based Liquidity above and below the AM Session Range.
Highlights the time when there is the highest volatility during the AM Session.
PM Session Kill Zone (Orange)
The full PM Session Starts from 13:00 NY time to 16:00 NY Time.
PM Session Silver Bullet starts from 14:00 NY Time to 15:00 NY Time.
PM Session Last Hour starts from 15:00 NY Time to 16:00 NY Time.
Highlight the high and low of the PM Session to Identify Time-Based Liquidity above and below the PM Session Range.
Highlights the time when there is the highest volatility during the PM Session.
Bonus Features
Daily & Weekly Open Price Levels
The Open Price levels draw a horizontal line from the start of the trading day at 00:00 NY midnight, and it extends it towards the end of the trading day.
This is useful for understanding where the price is relative to the daily candle.
When Bullish, the trader should look for setups at or below the daily or weekly open price.
When Bearish, the trader should look for setups at or above the daily or weekly open price.
Whether to choose the Daily or Weekly open price depends on the trader's trading style. If the trader is day trading or scaling, then it's more appropriate to choose the Daily Open Price.
However, Day Traders can also use the Weekly candle to align with the Weekly Candle's expected range direction.
On the other hand, if the trader is a Swing Trader and wants to capitalise on the weekly candle's trend, then it's more appropriate to choose the Weekly Open Price.
However, Swing Traders can also use the Daily Open Price when looking to take a trade to time better entries with a high risk-to-reward ratio.
Daily Open Price Level (in Green) and Weekly Open Price Level (in White)
Kill Zones Open Price Level
This is useful if the trader is an intra-session trader and wants to treat the sessions as the daily candle. In this case, the trader can use the Kill Zones Open Price levels based on the same logic of the Daily Open Price, where the trade would look for buy opportunities below the Session's open price and look for sell opportunities above the Session's Open Price Level.
Notifications
The trader can also receive alerts as a reminder at the start of the desired session to ensure that he or she does not miss the start of the trading session.
MTF Market Structure - SMC IndicatorsThe Multi Timeframe Market Structure helps understand and identify bullish or bearish Market Structure by highlighting “KEY” Highs and Lows. It also identifies changes in market direction by identifying a “Shift in Market Structure” (See Point 2 below) or “Break in Market Structure” (See Point 3 Below).
What are Key Highs and Lows?
Not every high or low is a “Key” high or low. “Key” highs and lows are specific highs and lows that form the structure of the market and have significance in understanding the current trend in the market (see point 1 below).
The indicator identifies these “Key” highs and lows on multiple time frames, allowing the trader to keep a perspective of the Market Structure with multiple timeframes simultaneously (see point 5 below).
The key highs and lows identified by the indicator are as follows:
Key Lows : Identify significant Swing Lows, Short-term lows “STL”, Intermediate-Term Lows “ITL”, and Long-Term Lows “LTL”.
Key Highs : Identify significant Swing Highs, Short-term highs “STH”, Intermediate-Term Highs “ITH”, and Long-Term Highs “LTH”.
Significant Swing High : This is a price swing with one lower candle to the right and one lower candle to the left of it.
Significant Swing Low : This is a price swing with one higher candle to the right and one higher candle to the left of it.
Short-Term High “STH” is a price swing with one lower Significant Swing High to the right and one lower Significant Swing High to the left of it.
Short-Term Low “STL” is a price swing with one higher Significant Swing Low to the right and one higher Significant Swing Low to the left of it.
Intermediate-Term High “ITH” is a price swing with one lower STH to the right and one lower STH to the left of it.
Intermediate-Term Low “ITL” is a price swing with one higher STL to the right and one higher STL to the left of it.
Long-Term High “LTH” is a price swing with one lower ITH to the right and one lower ITH to the left of it.
Long-Term Low “ITL” is a price swing with one higher ITL to the right and one higher ITL to the left of it.
By identifying key highs and lows using the Market Structure Indicator, it can be used in multiple ways by using those reference points as follows:
1. Identifying Market Trends by Connecting Key Highs and Lows.
Bullish trend identification is when the indicator is making higher ITLs and ITHs.
Bearish Trend identification when the indicator is making lower ITLs and ITHs.
PS: it’s essential to understand the underlying market trend on multiple timeframes to use the next features correctly. Always use the Shifts and Breaks in Market Structures in line with the 1H or higher timeframes Market Trend for higher probability trade opportunities. This is because, generally, higher timeframes have more importance than lower timeframes.
2. Shift In Market Structure - SMS for Entries
A Shift in Market Structure “SMS” identifies potential reversal in short-term market trend relative to the timeframe where the SMS is identified.
This occurs after a run of any Significant Swing High or Low and then reversing, creating a Fair Value Gap “FVG”.
There can be Bullish and Bearish Market Structure Shifts.
When a Bullish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bearish to Bullish, as seen in the image below.
When a Bearish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bullish to Bearish.
3. Break In Market Structure - BMS for Entries
A Break in Market Structure “BMS” has a similar function to the Shift in Market Structure “SMS”; however, when it occurs, it identifies a potential longer-term trend reversal (compared to the SMS) relative to the timeframe where the BMS is identified.
Unlike “SMS”, the BMS occurs after a run only after a run on Key Highs or Lows.
Similar to the SMS, there can be Bullish and Bearish Breaks in Market Structure.
When a Bullish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bearish to Bullish, as seen in the image below.
The FVG must occur in the lower 50% of the impulse price leg (at Discount).
When a Bearish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bullish to Bearish.
The FVG must occur in the upper 50% of the impulse price leg (at Premium).
4. Inversion Break and Shift in Market Structure for Early Entries
Inversion “BMS” and “SMS” are similar to the normal SMS and BMS, but they occur:
Bullish: When the FVG of the Bearish BMS/SMS forms in the lower 50% of the impulse price leg (at Discount).
We use the FVG that forms from the Bearish SMS/BMS as an inversion FVG for potential entry after market trend change from Bearish to Bullish.
Bearish: When the FVG of the Bullish BMS/SMS forms in the upper 50% of the impulse price leg (at Premium).
We use the FVG that forms from the Bullish SMS/BMS as an inversion FVG for potential entry after market trend change from Bullish to Bearish.
5. Multi Time Frame analysis
The indicator allows multiple timeframe perspectives to be considered when using it.
The key Highs and Lows have significance not only on the current timeframe they are identified but also on lower or higher timeframes simultaneously.
This is because a ITL/ITH on the 1H means
It’s a LTL/LTH on one or more timeframes lower (15Min, 5M, and 1Min).
And at the same time, it’s a STL/STH on one timeframe higher (4H)
Also, it’s a Significant Low/High (marked with a dot) on two timeframes higher (Daily).
The same logic applies to all other Key Highs and Lows.
Another example is a Significant Low/High (swing marked with a dot below or above it) on the current timeframe (1D) means it’s a STL/STH on one timeframe lower (4H) and an ITL/ITH on two timeframes lower (1H) and a LTH/LTH on three timeframes lower or more (15M, 5M, 1Min, 30 Seconds, etc…).
This Multi-time frame analysis is a great way to help traders understand Market Structure and Market trend on multiple timeframes simultaneously, and it also assists in Top-down analysis.
PS: Note that this multi-timeframe analysis approach and logic can be applied to any timeframe and for any type of trading (swing trading, day trading, scalping, or short-term trading) because the price is fractal.
For example, if a trader is a swing trader, then it’s best to identify trader opportunities on the 1H or higher; however, lower timeframes Market Structure can still be used to help the traders refine their entries and target key highs and lows in the opposite direction.
If a trader is a day trader or a scalper, the trader could use Market Structure on 15M or lower to identify trader opportunities and target key highs and lows in the opposite direction.
6. Setting Targets
The indicator can also be used to identify potential targets after the SMS or BMS occurs. Targets can be chosen above Key Highs or Lows depending on the trade objective and timeframe where the trade idea is identified.
Bonus Features
Highlight Market Structure Trend
This feature is an excellent backtesting visual tool to look at changes in market trends highlighted in colours. These changes are based on the Shift or Break in of Market Structure depending on the selection option.
When "Shift/Break" in Market Structure" is selected, a Bullish trend is highlighted in blue when a Bullish Shift/Break in Market Structure Occurs and in Red when a Bearish Shift/Break in Market Structure Occurs.
Notifications
Sends notifications when there is a Shift or Break in Market Structure on the current timeframe of choice.
Market Structure [Truth Indie]Market Structure
Market structure is a crucial component of various trading methodologies. If you can accurately map the market structure, tailored to the volatility or assets you are trading, it helps you identify trends clearly and enhances the accuracy of your trading strategies.
This indicator facilitates easy and swift mapping of market structure for traders. The market structure in this indicator consists of 3 types:
1.Fractal structure
2.Internal structure
3.External structure
FRACTAL STRUCTURE MAPPING
-Wick breaks are sufficient for a Fractal break of structure.
-The precise moment when the price breaks a Fractal high or low confirms the break.
BULLISH & BEARISH FRACTAL STRUCTURE
Bullish Fractal Structure:
-A Fractal high is validated when the subsequent candle fails to surpass its high (fractal pullback).
-A Fractal higher low is validated once the price breaches the Fractal high (always identify the NEAREST Fractal low). This will be the most recent candle that was unable to exceed the high of the previous candle.
Bearish Fractal Structure:
-A Fractal low is validated when the following candle fails to break its low (fractal pullback).
-A Fractal lower high is validated once the price breaks the Fractal low (always identify the NEAREST Fractal high). This will be the most recent candle that was unable to surpass the low of the previous candle.
Settings
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text when there is a BoS and CHoCH.
-Mark swing when there is a valid pullback, adjust the size and color.
INTERNAL STRUCTURE MAPPING
Body breaks confirm an internal structure break.
BULLISH & BEARISH INTERNAL STRUCTURE
Bullish Internal Structure:
-An internal high is validated with 4 optional criteria.
-An internal higher low is validated when the internal high structure is broken. A higher low refers to the lowest price.
Bearish Internal Structure:
-An internal low is validated with 4 optional criteria.
-An internal lower high is validated when the internal high structure is broken. A lower high refers to the highest price.
Settings
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text when there is a BoS and CHoCH.
-Mark swing when there is a valid pullback, adjust the size and color.
Validation of pullback has 4 options for exploration, with the default value set to Fractal CHoCH 1 time:
1.Fractal CHoCH 1 time.
2.Fractal CHoCH and wait for Fractal BoS/Fractal CHoCH 3 times in a row.
3.PIP Rule, using PIP to determine the distance of a valid pullback.
-Show or hide lines and values. This option will only display results when you activate the PIP Rule. Change the style of lines and change the color of lines.
-In the PIP field, enter the PIP value you want to explore. In the 1 PIP Size field, enter the decimal places in the asset you are trading. For example, for the EUR/USD pair with decimals at position 4.
4.ATR Rule, utilizing ATR multiples to establish the range of a valid pullback.
-Show or hide lines and values. This option will only display results when you activate the ATR Rule. Change the style of lines and change the color of lines.
-ATR type allows you to choose from 5 ma types. ATR Period adjusts the backward-looking average value you want to explore. Multiple: Enter a multiplier value for ATR to match the volatility or asset you are trading.
If you choose only ATR Rule, the result is the validation of the pullback with ATR Rule only. If you choose more than 1 option, whichever condition is true, the validation pullback occurs immediately. If you don't choose anything, the default value is Internal CHoCH 1 time.
Swing internal structure
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text.
Equilibrium internal
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text.
-Adjust the percentage of Equilibrium.
EXTERNAL STRUCTURE MAPPING
Body breaks confirm an internal structure break.
BULLISH & BEARISH EXTERNAL STRUCTURE
Bullish external Structure:
-An external high is validated with 4 optional criteria.
-An external higher low is validated when the external high structure is broken. A higher low refers to the lowest price.
Bearish external Structure:
-An external low is validated with 4 optional criteria.
-An external lower high is validated when the external high structure is broken. A lower high refers to the highest price.
Settings
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text when there is a BoS and CHoCH.
-Mark swing when there is a valid pullback, adjust the size and color.
Validation of pullback has 4 options for exploration, with the default value set to Internal CHoCH 1 time:
1.Internal CHoCH 1 time.
2.Internal CHoCH and wait for Internal BoS/Internal CHoCH 3 times in a row.
3.PIP Rule, using PIP to determine the distance of a valid pullback.
-Show or hide lines and values. This option will only display results when you activate the PIP Rule. Change the style of lines and change the color of lines.
-In the PIP field, enter the PIP value you want to explore. In the 1 PIP Size field, enter the decimal places in the asset you are trading. For example, for the EUR/USD pair with decimals at position 4.
4.ATR Rule, utilizing ATR multiples to establish the range of a valid pullback.
-Show or hide lines and values. This option will only display results when you activate the ATR Rule. Change the style of lines and change the color of lines.
-ATR type allows you to choose from 5 ma types. ATR Period adjusts the backward-looking average value you want to explore. Multiple: Enter a multiplier value for ATR to match the volatility or asset you are trading.
If you choose only ATR Rule, the result is the validation of the pullback with ATR Rule only. If you choose more than 1 option, whichever condition is true, the validation pullback occurs immediately. If you don't choose anything, the default value is Internal CHoCH 1 time.
Swing external structure
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text.
Equilibrium external
-Show or hide text and lines, including adjusting the color of text and lines.
-Adjust the size of text, and change the type of lines, including modifying text.
-Adjust the percentage of Equilibrium.
The values of these 4 options are: 1. PIP Rule in the internal structure 2. ATR Rule in the internal structure 3. PIP Rule in the external structure 4. ATR Rule in the external structure
These 4 options will be displayed only when the rule is selected along with choosing to display the value.
DISCLAIMER
All investments involve risks. Profit or loss depends on your knowledge, understanding, and decisions.
My scripts/indicators/strategies are created for researching past price behavior only. They are not investment advice, and future results are not guaranteed.
MTF External Range Liquidity - SMC IndicatorsThe Multi-Timeframe External Range Liquidity highlights possible “Key Liquidity Zones” above and below Short-Term highs and lows. Allowing for the filtering out of shorter-term swings and easily identifying levels for possible “liquidity runs” or “stop runs”.
Purged Liquidity
This shows areas where the price has already reached above previous key highs or below previous key lows. Recognizing “Purged Liquidity” areas is useful for historical analysis and understanding prior liquidity-driven movements.
Open Liquidity
These mark possible or potential Open Liquidity Zones where the price might reach above or below short-term key highs and lows.
Multi-Timeframe Analysis
The Multi Timeframe Feature allows traders to have all “key Liquidity Levels” from higher and lower timeframes relative to the current timeframe. (Weekly and down to the 1-Minute Chart) while trading in real-time allowing the trader to keep the higher time frame “levels” in mind when trading on lower time frames.
1W BSL & 1W SSL indicate levels of transposed from the Weekly timeframe to the Daily timeframe or lower.
1D BSL & 1D SSL indicate levels of transposed from the Daily timeframe to the 4H timeframe or lower.
4H BSL & 4H SSL indicate levels of transposed from the 4H timeframe to the 1H timeframe or lower.
1H BSL & 1H SSL indicate levels of transposed from the 1H timeframe to the 15M timeframe or lower.
15M BSL & 15M SSL indicate levels of transposed from the 15M timeframe to the 5M timeframe or lower.
5M BSL & 5M SSL indicate levels of transposed from the 5M timeframe to the timeframes lower than 5M.
How This Can Help with Analysis
Timing Entries
This tool can be used to look for possible entry levels by looking at where the last run on liquidity (Purged Liquidity) above a previous key high or low was. The trader would use this indicator by waiting until the liquidity is purged before looking for a possible trade setup.
This helps in waiting for entries and may avoid or reduce the number of entries where the trade would get stopped due to an early entry.
Setting Possible Targets
This indicator can be used to look for higher time frame “Open Liquidity” key levels above short-term highs or below short-term lows as potential targets.
Other Key Features
Alerts on selected time frame “key levels”
Choose to show and hide levels on any timeframe.
Choose the number of the Purged and Open Liquidity desired to show on the chart.
Highlights the Daily, Weekly, and Monthly Highs and Lows.
SMC Fair Value Gap[Truth Indie]FVG (Fair Value Gap)
FVG is another component used in the SMC Concept.
This indicator will help you quickly identify FVG along with customizable market structure.
HISTORY FVG SETTING
-You can choose to show or hide the FVG (Fair Value Gap).
-You can choose to expand the History FVG to the right.
-You can change the number of History Internal FVG.
-You can change the number of History External FVG.
FVG Setting
-You can adjust the strength of the imbalance candlestick.
An example:
The imbalance candlestick in the image has a strength of 124.6 times compared to the previous candlestick.
FVG TEXT/COLOR SETUP
-You can change the name of FVG.
-Adjust the font size and color.
-Adjust the color of the FVG BOX and History BOX.
Market Structure
Comprising the process of breaking the price structure, resulting in BOS (Breakout of Structure) or CHoCH (Change of Character High), and creating new High or Low based on the price structure.
Structure Setting
1.You can choose to show or hide the swing of the structure.
2.Adjust the font size and color.
3.When the market forms a price structure with High and Low, when the price moves to disrupt the structure in either direction, it will lead to BOS or CHoCH, resulting in a new High or Low. You can adjust the method of breaking the structure using the close, high, or low.
Miner Inducement Setting
4.You can choose to show or hide the Minor Inducement.
5.You can choose to show or hide the Fibo Minor Inducement.
6.When price break the price structure, a High or Low will be formed on one side, and it will lead to an Inducement Swing. When the price moves and collides, it will create a price range of High and Low. You can adjust the method of breaking the structure using the close, high, or low.
7.There is an option for testing Fibonacci (Fibo). Its function is similar to the Inducement Swing. You can adjust the Fibonacci settings.
8.Adjust the length of the Minor Inducement swing.
- In this section, it functions similarly to Pivot Points High Low, capturing swings based on the specified length.
9.Adjust Fibo Minor Inducement.
- Fibo IDM helps filter Swing IDM.
- When the market is in an uptrend, IDM will be lower than Fibo IDM.
- When the market is in a downtrend, IDM will be higher than Fibo IDM.
-Adjust the font size.
-Adjust the color of the Fibo Minor Inducement.
-Adjust the color of the Fibo for break.
-Show or hide the Label Swing.
An example of a market in a downtrend.
1. Fibo IDM filters out Swing IDM that is above the Fibo line.
2. IDM occurs above the Fibo line in a downtrending market and below the Fibo line in an uptrending market.
3. An example of the Pivot Points High Low indicator with the length set to 3.
Premium & Discount Zone
-The Premium & Discount Zone will appear based on the current price structure. It helps you see the price zones you are interested in.
-You can adjust the %Premium & Discount as needed.
-Show or hide the premium & discount zone.
-Adjust the font size.
-Adjust the color of the premium & discount zone.
Smart money conceptThe indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
OrderBlock_TradingHubAn order block refers to a specific area on chart that represents a significant level of support or resistance where institutional traders have placed large orders. By identifying order blocks, traders can gain insights into the intentions and actions of the smart money participants.
Typically, the order block is represented by the last bullish (bearish) candle before a downtrend (uptrend) initiate. Whereas this indicator is quite different from the existing order block detection tools. It categorizes order blocks into different types (Main order blocks, Unmitigated shadow order blocks and Single candle order blocks), checking the following criteria based on TradingHUB-3 technical method:
1) Take out liquidity
2) Cause imbalance
3) Not to be inside-bar
How it works:
This indicator identifies 3 types of order blocks through the following procedure:
1) Main Order Blocks (Extreme, Decisional, and SMT(smart money trap)):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the candle has created an imbalance (FVG) after; if not: the order block will be transferred to the first following candle that created imbalance. We check up to three following candles to find any imbalance.
2) Unmitigated Shadow Order Blocks:
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the price has not touched the shadow so far.
3) Single Candle Order Blocks (SCOB):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check confirmation:
- If the candle is closed higher/lower than the previous candle high/low, it is confirmed as a SCOB; otherwise:
- Move forward up to a specified number (determined by the user) to find a confirmation candle. A confirmation is a candle that closed higher/lower than the SCOB and its following candles high/low. The SCOB's following candles, and the confirmation candle should not take out the SCOB's liquidity again.
How to use it:
• This indicator can be used in all time frames.
• If the liquidity is taken out in an uptrend (downtrend) market structure, when the price meets the order blocks, we can go to lower timeframes and look for a trigger to enter the long (short) trade.
• It is essential for smart money traders to diagnose the market structure accurately. The "Structure_TradingHub " indicator is recommended for its ability to analyze the market structure effectively.
Indicator options:
• Show/Hide mitigated order Blocks: By this option, the user can choose whether to delete the touched order blocks or trimmed them.
• Show/Hide the unmitigated shadows. They are displayed by dashed lines.
• Show/Hide single candle order blocks: They are displayed by two lines placed above and below the candle.
• Changing the color and style of uptrend and downtrend order blocks.
TTF SMC ToolkitGreetings and welcome to another community indicator from TTF! This indicator is our attempt to build a suite of tools for use in Smart Money Concepts (SMC) and Price Action style trading strategies. If you aren't familiar with these models, we'd encourage you to do some independent research on them to find out how to properly use these models and the tools included in this indicator.
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
All of the fundamental concepts of this toolkit revolve around smart money concepts and price action trading, here are some key concepts of this indicator's different features:
DR (defining range): This is a technique that uses the candle wicks (high and low of price) during a specific hour of a trading session to create a trading framework to help visualize order flow. When price breaks the high of the range, there is a very high statistical probability based on price action history, that the bottom of the range won't be traded past for the rest of that trading session. Vice versa for price breaking the low of the range.
IDR (implied defining range): Similar to DR above, this method uses the candle body (open and close of price) of price during a specific hour of a trading session to help create a trading framework to help visualize order flow.
Equilibrium: Any range can be objectively divided into a top and bottom half. The equilibrium represents the 50% mark between a range high and a range low. It is most often plotted with a fibonacci tool.
Fair Pricing Model: This is a hypothesis postulating that "big money" (a.k.a. "market movers", "institutional investors", etc.) seeks to buy in the discount area of any given price range, and sell in the premium area of that same range. See DR and IDR for examples of possible techniques to help identify and define the price range to apply to this model.
Non-discretionary Levels: This is essentially a fancy way of saying that the levels drawn by this indicator are strictly rules-based, and will always behave in the following manner:
1. For a given trading session, once the levels are drawn, they will remain constant throughout the rest of the trading session, no matter what price does afterwards.
2. The levels drawn will be drawn using the same rules every single day, without human bias or discretion.
Williams Fractals: This fractal pattern is based upon a specific candlestick pattern sequence. For a bullish Williams fractal, you will see X number of falling candles, followed by X number of rising candles. The candle at the fulcrum (bottom or top of the fractal structure) is where the fractal will print. a bearish fractal will be the inverse of this pattern. Note that this is a lagging indicator as it takes X candles after the fulcrum candle for the fractal pattern to complete. In most common cases, the value of X is 2 (2 falling candles, the fulcrum candle, and 2 rising candles) for a total of 5 candles to complete the fractal pattern. You can find more information in this article, which describes this type of fractal: www.investopedia.com
Fractal Wyckoff Accumulation/Distribution: The Wyckoff Method is used by investors and traders to determine market trends, select investments, and time the placement of trades. It can help them identify the times at which big players are accumulating (or distributing) positions in a security. Fractal Wyckoff accumulation/distribution refers to watching the process occur on a lower timeframe, from a higher timeframe. For more information on the Wycoff Theory, you can see this article: www.investopedia.com
Now that we've covered some terms and definitions, let's cover the 4 major components included in this indicator.
ICT NY Midnight/NY Open (08:30 NY time):
The first piece of the indicator being displayed here is the ICT midnight and 8:30am NY price lines. These lines can be used as non-discretionary levels, or as intra-day premium/discount as part of a fair-pricing model.
DR/IDR:
Initially developed by TheMas7er, DR stands for defining range, and it highlights a range during high volume periods of the day that can act as non-discretionary levels, with very high historical accuracy.
Williams Fractals
Williams Fractals denote fractal market structure, and can be used to mechanically create ranges and view potential liquidity pools in a similar manner to using pivot points.
Triple M:
This tool highlights wicks that represent fractal Wyckoff accumulation and distribution. This pattern can be used an a potential entry trigger when paired with other confluences.
And now that we've covered the core concepts/definitions and an overview of each major component of this indicator, it's time to bring everything together by giving an example of how these tools can be used to define a strategy.
Before NYSE open, turn on the price lines to get a sense of whether price is in the premium or discount of the daily fair-pricing model.
Once NYSE market opens, wait for DR/IDR to establish and break its range.
If the bias from DR/IDR aligns with the fair pricing model from the ICT price lines, you could look for a fractal Wyckoff entry during a retracement.
Disclaimer: This strategy is provided purely as an example and has not been tested by us. Please do your own due diligence by thoroughly backtesting and forward-testing on a demo account befor using any proposed strategy live market with real money!
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
mrD-Smart RangesmrD-Smart Ranges aims to offer a complete strategy based on Order Blocks. Ranges signals based on order volume are highlighted, from which smart ranges are suggested to provide potential entries.
This script also includes warnings for each signal marked.
🔶 SETTINGS
Pair Strategy: Select the desired from the list. Change the chart to the one specified in the Strategy.
Current TF Order Blocks: Allows the user to select how many most recent Internal Order Blocks appear in the current time frame on the chart.
Order Block Filter: Allows the user to select how the script mitigates an Order Block.
Hide Overlap: Allows the user to display overlapping Order Blocks.
Show Metrics: Allows the user to display volume % metrics within the Order Blocks.
Show Volume Box: Allows the user to display buy/sell activity within Order Blocks.
High Timeframe: Allows the user to choose a higher or lower timeframe to find the Signals.
Show Failed Buy Sell: Allows the user to display the Signals.
Show HTF Box: Allows the user to display a higher or lower timeframe Order Blocks.
🔶 DETAILS
Order blocks are formed after a slight bearish order block, these can provide an opportunity to change polarity, thus acting as a potential support/resistance level.
A retest/retrace on the order block, combined with order volume between the current timeframe and from the higher timeframe will establish the conditions for smart ranges are suggested to provide potential entries.
🔶 USAGE
mrD-Smart Ranges aims to provide users with a minimalistic screen next to the optimal ranges to keep in mind to find trading setups as shown below.
Here we can see a suggested Sell range and display a label to confirm this range
Signal(s) that can be used for potential entries only during range retest are order blocks.
Users can search for more potential entry ranges based on larger timeframes in the settings: High Timeframe
In the image above, we can see that the price has generated potential orange and bearish entry signals. A confirmation signal with a red label is displayed on the chart when the price retests the Sell range.
Note: While range retests can still work well if they occur later in price action, it's best to look for signals only when price retests the range at the outset rather than retesting it. second price.
The logic of generating signal ranges using different rules is described below:
- Define order blocks in the current timeframe.
- Define the order blocks with the largest volume in the current timeframe.
- Define order blocks in larger timeframes in High Timeframe settings
- Define order blocks with the largest volume in larger timeframes in High Timeframe settings
Entry Range: The combination of the highest volume order blocks in the current timeframe and the highest volume order blocks in the larger timeframe.
🔶General disclaimer:
Trading stocks, futures, forex, options, ETFs, cryptocurrency, or any other financial instrument has huge potential rewards and risks.
You must be aware of the risks and willing to accept them to invest in stocks, futures, forex, options, ETFs, or cryptocurrencies.
Don't trade with money you can't afford to lose.
This is not an offer or an offer to Buy/Sell stocks, futures, Forex, options, ETFs, cryptocurrencies, or any other financial instrument.
Do not represent that any account will or is likely to achieve profit or loss of any kind.
The past performance of any trading system or method is not necessarily indicative of future results.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Smart Money Concepts Probability (Expo)█ Overview
The Smart Money Concept Probability (Expo) is an indicator developed to track the actions of institutional investors, commonly known as "smart money." This tool calculates the likelihood of smart money being actively engaged in buying or selling within the market, referred to as the "smart money order flow."
The indicator measures the probability of three key events: Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS ). These probabilities are displayed as percentages alongside their respective levels, providing a straightforward and immediate understanding of the likelihood of smart money order flow.
Finally, the backtested results are shown in a table, which gives traders an understanding of the historical performance of the current order flow direction.
█ Calculations
The algorithm individually computes the likelihood of the events ( CHoCH , SMS , and BMS ). A positive score is assigned for events where the price successfully breaks through the level with the highest probability, and a negative score when the price fails to do so. By doing so, the algorithm determines the probability of each event occurring and calculates the total profitability derived from all the events.
█ Example
In this case, we have an 85% probability that the price will break above the upper range and make a new Break Of Structure and only a 16.36% probability that the price will break below the lower range and make a Change Of Character.
█ Settings
The Structure Period sets the pivot period to use when calculating the market structure.
The Structure Response sets how responsive the market structure should be. A low value returns a more responsive structure. A high value returns a less responsive structure.
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a Change of Character ( CHoCH ), Shift in Market Structure ( SMS ), and Break of Structure ( BMS )
The insights provided by this tool help traders gain an understanding of the smart money order flow direction, which can be used to determine the market trend.
█ Any Alert function call
An alert is sent when the price breaks the upper or lower range, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Timeframe
Probability percentage
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
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
Trade Entry Check list - Smart Money ConceptThe indicator you see is written to evaluate the input parameters for a trade. Since my own style is smart money, and I always used to write on paper or mentally calculate the necessary inputs for a trade, I wrote this indicator to prevent mental or paper calculations.
This indicator is made up of different sections that you can see in the table and make the necessary changes in the Options section.
The first section is your instrument, which is automatically displayed on every chart.
The next section is the current market, which is written based on smart money and divided into Asia Time, Frankfurt Time, London Time, Lunch Time, and New York Time sections. Depending on our style, we usually do not trade during the Frankfurt Time and Lunch Time sections.
The next section is about the ascending or descending structure of the 4-hour and 15-minute timeframes, which of course, you can change this structure to your desired one.
These two sections have both manual and automatic modes. I went through a lot of trouble for the automatic section, so don't easily skip it and be sure to test it.
The following sections relate to other reasons for entering a trade, which are divided into several sections. The first section is the entry reasons related to my personal strategy, which is completely defined and shows the input calculation in the Calculation section. The second section is your inputs without calculation in the Counter section, and the third section is your personal inputs including the Counter. You have deep access to customizing this table.
Candle Wick Patterns Alerts & Liquidity TargetsCandle wicks provide incredibly useful confluence and confirmation of price action and technical analysis.
Quite simply a wick is formed by price being moved to an extreme by one side, then price being pushed back by the other side.
This can show increased pressure by one side, reduced or increased momentum, or exhaustion by another side.
This indicator while simple, is extremely powerful and versatile and can be set up to recognize numerous types of candle wick and therefore suit numerous trading styles.
The settings as to how wicks are highlighted are:
- Timeframe - view wicks on a higher timeframe while trading on a lower timeframe
- Minimum Wick to Body Ratio - increasing this value will look for wicks who are at least n times larger than the candle body. The most obvious examples here are Doji's - hammer, gravestone, dragonfly, etc. These can indicate trend reversals, indecision and changing momentum.
- Minimum Candle Body as percent of price - this value makes sure that any wick highlighted, belongs to a candle with a body that is at least n% of the price. A higher value is likely to show price momentum is stronger in a particular direction, good for confirming a trend.
- Minimum Candle Wick as percent of price - similar to candle bodies, this value will make sure the candle wick is at least n% of the price. This will identify large fluctuations in price, and if you are familiar with smart money concepts, an increasingly popular strategy is to target 50% of the wick being filled (liquidity).
- Show half fill level of wick - As above, this can provide a good target, which price will be drawn to, depending on the wick.
Finally, the indicator can be used to create alerts when a new wick that meets your settings criteria, is formed.
And don't forget you can add the indicator multiple times, with different settings to cover multiple scenarios and timeframes!
SMC RulesThis script allowes you to have a plan always shown on the chart.
You know how it is, sometimes you miss things and if you dont see your plan then you miss maybe an important part... so for this i wrote that simple script here.
So far it has 5 Sections you can edit in the settings to your liking.
On top you can also edit the swing structure you are seeing, so you dont have to always swap timeframes.
Also implemented are the Session times for Frankfurt, London, New York and Asia.
Its not enabled on default, but i find it quiet handy to have..
(including alerts)
I will update it from time to time, if you wish for something just let me know.
Institutional FVG & Liquidity Range Candle (Expo)█ Institutional FVG with predicted SR levels & Liquidity Range Candle is an indicator that uses Smart Money Concepts to give you the insights needed to make informed decisions based on the theory in SMC. This premium toolkit work in any market and timeframe.
█ Institutional Fair Value Gap , also known as imbalance, inefficiencies, and Liquidity void, identifies the most significant FVG within the lookback period. This is often referred to as Institutional Fair Value Gap since only big players can cause these liquidity voids.
Fair Value Gap, Liquidity voids are sudden price changes without enough liquidity at a stable price, and the price jumps from the originating price level to the final price level, creating an imbalance in price.
The price tends to fill or retest the FVG area, and traders understand at which price level institutional players have been active. FVG is a valuable concept in trading, as they provide insights about where many orders were injected, creating this inefficiency in the market. The price tends to restore the balance.
This indicator highlights the most significant Fair Value Gap on the chart and plots predicted future support and resistance levels based on the price action created at the FVG. A super simple and yet effective way to get solid market levels that acts as a magnet for the price.
█ Liquidity Range Candle is another trading concept used by large market players where they manipulate the price to stay inside a specific market area, creating a tight consolidation zone. Once the price breaks the liquidity range, liquidity flows into the market. It's an easy way to grab liquidity from retail traders. Stop losses are triggers, breakout traders jump into the market, and institutional traders absorb the liquidity.
If you don't see the liquidity, you become the liquidity!
A break of a liquidity range is a sign of a breakout, potential continuation, retracement, or reversal. Use it together with an overall market analysis. It's common that traders also mark the previous 1-3 liquidity ranges and plot them into the future. These zones can act as a future magnet for the price, and we can get a retest of the zones, or if we break above/below a previous range can be a sign of a trend change. We also know that these liquidity ranges have been important levels for institutional players, who may be willing to accumulate or distribute more orders at these levels.
█ HOW TO USE
Use the indicator to identify several important and commonly used trading concepts taught within the SMC.
Find Significant FVG
Find Significant liquidity ranges
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Sonarlab - Smart Money ConceptsSupply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. Supply and demand zones are a popular analysis technique used in all kinds of trading styles. The zones are the periods of sideways price action that come before explosive price moves, and are typically marked out using a box. We wanted to make these squares drawn automatically for you - so it will save you time spotting the zones.
Green Box
The green box defines demand - in these areas you will look for long opportunities. You can also use these zones for take profit levels when you are in a sell trade.
Blue Box
The blue box defines supply - in these areas you will look for short opportunities. You can also use these zones for take profit levels when you are in a buy trade.
Break of structure
For markets to move up and down a break in market structure must occur. A break in market structure occurs when the market begins to shift direction and break the previous HH and HL or HL and LL of the market. We also integrated the feature that you can see the BOS lines. In the indicator settings you can adjust the values:
1) Sensitivity
2) Min. candles in structure
3) BOS type: close or wick
Warning Never blindly take a position on each box - wait for a proper signal to occur before considering a position.
