Blitz Model

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https://www.tradingview.com/x/XkwhHfI0/

The Blitz indicator is a comprehensive market structure analysis tool designed specifically for the 4-hour timeframe. It identifies and visualizes key market movements including sweeps, fair value gaps (FVGs), and session-based liquidity levels.

1) Key Features :

A) Market Structure Analysis :

i) Sweep Detection: Identifies bullish and bearish sweeps of previous highs/lows.
ii) Double Purge Recognition: Detects when both bullish and bearish sweeps occur on the same candle.
iii) Fair Value Gap (FVG) Visualization: Displays imbalance zones with customizable box colors.
iV) Session-Based Analysis: Tracks Asian and London session highs/lows.

B) Multi-Timeframe Confirmations :

i) Layer 2 Validation System: Incorporates H1 and M15 timeframe confirmations.
ii) H1 Sweep Confirmations: Validates 4H signals with hourly sweep patterns.
iii) M15 Analysis: Includes both sweep and FVG confirmations from 15-minute timeframe.

C) Key Level Integration :

i) Daily 0.5 Level: Plots the midpoint of previous day's range with customizable styling.
ii) Session Liquidity: Identifies sweeps of Asian and London session extremes.
ii) FVG Interaction: Detects when sweeps occur near fair value gaps.

D) Customization Options :

i) Label Styling: Full control over label size, style, and colors for all signal types.
ii) Double Purge Customization: Separate styling options for double purge signals.
iii) Line Customization: Adjustable daily 0.5 line appearance (style, color, width).
iv) Display Controls: Toggle visibility for FVGs, labels, and confirmation history.

2) Technical Specifications


A) Timeframe Requirements :

i) Primary Timeframe: 4H only (indicator will show error on other timeframes).
ii) Multi-Timeframe Data: Analyzes H1 and M15 for confirmations.
iii) Session Times: Configurable start/end times.

B) Signal Validation Criteria :

Sweeps are validated when they occur at one or more of the following conditions:
i) FVG Zones: Price interaction with identified fair value gaps.
ii) Daily Midpoint: Proximity to the 50% level of previous day's range.
iii) Session Levels: Sweeps of Asian (19:00-01:00 NY) or London (02:00-05:00 NY) extremes.

C) Layer 2 Confirmation System :

i) H1 Confirmations (H1S): Sweep patterns on 1-hour charts within the 4H candle formation.
ii) M15 Sweep (M15S): 15-minute sweep confirmations.
iii) M15 FVG (M15F): 15-minute fair value gap formations.

3) Usage Guidelines :

A) Setup Instructions :

i) Apply to 4-hour charts only.
ii) Configure session times based on your analysis preferences.
iii) Customize label appearance and colors to match your chart theme.
iv) Enable/disable features based on your trading style.

B) Signal Interpretation :

i) Green Labels: Bullish sweeps with validation criteria met.
ii) Red Labels: Bearish sweeps with validation criteria met.
iii) Purple Labels: Double purge scenarios (both directions swept).
iv) Checkmark (✓): Indicates Layer 2 multi-timeframe confirmation present.
v) For double purge interpretations :
- Low [1] & High [1] means recent purge (just previous candle)
- Low [2] & High [2] means medium term purge (8H prior)
- Low [3] & High [3] means longer term purge (12H + prior)

4) Compatibility :
Max Objects: Supports up to 500 boxes and labels simultaneously.

5) Support & Updates :
This indicator represents educational concepts in market structure analysis. Users should thoroughly test and understand all signals before considering any practical application.

Disclaimer :
Always practice proper risk management. This is for educational purposes only and is not a financial advice.

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Informacje o Wersji

Added time based sweeps :

i) if you enable option 1 : the script will run sweep detection on 4H for only 2 AM , 6 AM and 10 AM EST
ii) if you enable option 2 : the script will run sweep detection on 4H for only 1 AM , 5 AM and 10 AM EST