Profitability Visualization with Bid-Ask Spread ApproximationOverview
The " Profitability Visualization with Bid-Ask Spread Approximation " indicator is designed to assist traders in assessing potential profit and loss targets in relation to the current market price or a simulated entry price. It provides flexibility by allowing users to choose between two methods for calculating the offset from the current price:
Bid-Ask Spread Approximation: The indicator attempts to estimate the bid-ask spread by using the highest (high) and lowest (low) prices within a given period (typically the current bar or a user-defined timeframe) as proxies for the ask and bid prices, respectively. This method provides a dynamic offset that adapts to market volatility.
Percentage Offset: Alternatively, users can specify a fixed percentage offset from the current price. This method offers a consistent offset regardless of market conditions.
Key Features
Dual Offset Calculation Methods: Choose between a dynamic bid-ask spread approximation or a fixed percentage offset to tailor the indicator to your trading style and market analysis.
Entry Price Consideration: The indicator can simulate an entry price at the beginning of each trading session (or the first bar on the chart if no sessions are defined). This feature enables a more realistic visualization of potential profit and loss levels based on a hypothetical entry point.
Profit and Loss Targets: When the entry price consideration is enabled, the indicator plots profit target (green) and loss target (red) lines. These lines represent the price levels at which a trade entered at the simulated entry price would achieve a profit or incur a loss equivalent to the calculated offset amount.
Offset Visualization: Regardless of whether the entry price is considered, the indicator always displays upper (aqua) and lower (fuchsia) offset lines. These lines represent the calculated offset levels based on the chosen method (bid-ask approximation or percentage offset).
Customization: Users can adjust the percentage offset, toggle the bid-ask approximation and entry price consideration, and customize the appearance of the lines through the indicator's settings.
Inputs
useBidAskApproximation A boolean (checkbox) input that determines whether to use the bid-ask spread approximation (true) or the percentage offset (false). Default is false.
percentageOffset A float input that allows users to specify the percentage offset to be used when useBidAskApproximation is false. The default value is 0.63.
considerEntryPrice A boolean input that enables the consideration of a simulated entry price for calculating and displaying profit and loss targets. Default is true.
Calculations
Bid-Ask Approximation (if enabled): bidApprox = request.security(syminfo.tickerid, timeframe.period, low) Approximates the bid price using the lowest price (low) of the current period. askApprox = request.security(syminfo.tickerid, timeframe.period, high) Approximates the ask price using the highest price (high) of the current period. spreadApprox = askApprox - bidApprox Calculates the approximate spread.
Offset Amount: offsetAmount = useBidAskApproximation ? spreadApprox / 2 : close * (percentageOffset / 100) Determines the offset amount based on the selected method. If useBidAskApproximation is true, the offset is half of the approximated spread; otherwise, it's the current closing price (close) multiplied by the percentageOffset.
Entry Price (if enabled): var entryPrice = 0.0 Initializes a variable to store the entry price. if considerEntryPrice Checks if entry price consideration is enabled. if barstate.isnew Checks if the current bar is the first bar of a new session. entryPrice := close Sets the entryPrice to the closing price of the first bar of the session.
Profit and Loss Targets (if entry price is considered): profitTarget = entryPrice + offsetAmount Calculates the profit target price level. lossTarget = entryPrice - offsetAmount Calculates the loss target price level.
Plotting
Profit Target Line: Plotted in green (color.green) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Loss Target Line: Plotted in red (color.red) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true.
Upper Offset Line: Always plotted in aqua (color.aqua) to show the offset level above the current price.
Lower Offset Line: Always plotted in fuchsia (color.fuchsia) to show the offset level below the current price.
Limitations
Approximation: The bid-ask spread approximation is based on high and low prices and may not perfectly reflect the actual bid-ask spread of a specific broker, especially during periods of high volatility or low liquidity.
Simplified Entry: The entry price simulation is basic and assumes entry at the beginning of each session. It does not account for specific entry signals or order types.
No Order Execution: This indicator is purely for visualization and does not execute any trades.
Data Discrepancies: The high and low values used for approximation might not always align with real-time bid and ask prices due to differences in data aggregation and timing between TradingView and various brokers.
Disclaimer
This indicator is for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct thorough research and consider your own risk tolerance before making any trading decisions. It is recommended to combine this indicator with other technical analysis tools and a well-defined trading strategy.
Wsparcie i Opór
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time.
To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions.
The combination of the Demand graph and RSI enables users to:
Identify the right time to buy when the RSI falls below 30, signaling an oversold condition.
Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition.
With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Grinding CloudEnjoy the result of 5 years work and brainstorming of two intelligent guys.
HAVE FUN MAKING MONEY
Support and Resistance by Auto MarketsSupport and Resistance by Auto Markets is a powerful tool designed to help traders easily identify key support and resistance levels directly on their charts. These levels are calculated based on the highest highs and lowest lows within a user-defined look back period, providing precise areas to watch for potential price reactions.
Key Features:
• Automatically plots support (green) and resistance (red) lines based on recent price action.
• Adjustable look back period for tailored analysis.
• Clean and user-friendly interface for seamless integration into any trading strategy.
• Includes branding from Auto Markets, a trusted name in the trading community.
How to Use:
1. Adjust the look back period in the settings to fit your trading timeframe.
2. Enable or disable support and resistance lines as needed.
3. Watch for price interactions at these levels to plan trades effectively.
About Auto Markets:
Created by Auto Markets, empowering traders with simple yet effective tools to maximise their trading edge. Visit us at www.automarkets.co.uk for more trading solutions.
Support & Resistance Levels//@version=6
// Copyright (C) 2024 . All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is prohibited without explicit permission.
📊 Support and Resistance Levels - Script Overview 🚀
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🛡️ 1. Script Description:
- 📌 Script Name: Support and Resistance Levels
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🎯 2. Purpose:
- 📊 This script automatically identifies key support and resistance levels on the charts.
- 🚀 It helps traders to easily spot important market areas and make informed trading decisions based on these levels.
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⚙️ 3. How it works:
1️⃣ The script analyzes historical highs and lows to identify support and resistance areas.
2️⃣ Sustainable levels are marked using past data, which can act as potential reversal points.
3️⃣ Color-coded lines:
- 🎀 Pink line: Represents important resistance levels.
- 🔵 Blue line: Represents important support levels.
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📝 4. How to use:
1️⃣ Apply the script to your chart.
2️⃣ Observe the marked support and resistance levels to guide your trades.
3️⃣ 📉 Near resistance levels, consider planning a short trade.
4️⃣ 📈 Near support levels, consider planning long trades.
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✨ 5. Unique Features:
✅ Automatic level detection: No need for manual drawing.
✅ Advanced algorithm: Identifies reliable support and resistance levels, minimizing false signals.
✅ Versatile use: Ideal for swing traders and intraday traders.
✅ Multi-timeframe display: Shows key levels across all timeframes.
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⚠️ 6. Limitations:
- 🚫 Dynamic nature: Support and resistance levels may change due to market volatility.
- 📊 Increased accuracy: Combine this script with other indicators or strategies for better results.
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📚 7. User Guide:
1️⃣ Once applied, the chart will display color-coded support and resistance lines.
2️⃣ Use these lines to identify price trends, breakout zones, and reversal points.
3️⃣ 📊 Improve decision-making by combining this script with tools like RSI, MACD, and volume indicators.
📝 8. Disclaimer:
The script titled “Support and Resistance Levels” is created in compliance with TradingView house rules and community guidelines.
- ✅ It is an original work and does not violate intellectual property rights.
- ✅ The script does not contain deceptive, inappropriate, or harmful content.
- ✅ It follows ethical coding standards and includes clear instructions for users.
- ✅ Transparency is maintained regarding the purpose, functionality, and limitations of the script.
- ⚠️ Although every effort has been made to make the script function as expected, "ramumaurya" cannot guarantee faultless performance or suitability for all trading strategies.
- ✅ Designed to aid analysis and decision-making.
- ⚠️ Not financial advice; past performance is not indicative of future results.
- 🧠 Traders are advised to do their research and combine this script with other tools and strategies.
- 📚 Understanding the functioning of the script is recommended for effective trading practices.
Time Based Candle Zones [By. TradeSea ft. AB]The Time Based Candle Zone uses 12p and 8p candles to identify support and resistances zones.
Once the zone is broken by a candle close, the zone will disappear.
Key Zone Indicator [By. TradeSea]The Key Zone indicator identifies specific supply and demand zones within the market for maximum value.
The key components for this indicator are:
The Key Zones themselves
Breaker Boxes: when Key Zones are broken by a candle close, they transition into breaker boxes. When a breaker box is broken by price, the zone completely disappears.
Refined Zones: Improved Key Zones for key analysis
Inerva Arrows: Buy/sell signals based on TradeSea criteria.
Market Station [Dakon]English Guide
Feature Description:
This part of the indicator call "Market Station" identifies Support and Resistance levels based on pivot points (pivot high and pivot low). You can customize the display of these critical price levels through various settings.
How to Use:
1. Enable Support & Resistance
Key Inputs:
enableSR: Toggle the display of support and resistance levels.
useZones: Display support/resistance as zones instead of single lines.
expandSR: Expand support/resistance lines across the chart.
Steps:
Enable enableSR to show the S/R levels.
Turn on useZones to visualize broader price ranges for S/R levels.
2. Adjust Sensitivity
Key Inputs:
strengthSR: Adjust the sensitivity of S/R detection (higher sensitivity identifies more S/R levels).
zoneWidth: Set the width of the S/R zones (calculated as a percentage of the highest and lowest price range).
Steps:
Increase or decrease strengthSR to match market trends.
Widen zoneWidth to broaden the support/resistance zones.
3. Customize Colors & Line Styles
Key Inputs:
lineStyle: Choose line styles (Solid, Dotted, Dashed).
lineWidth: Adjust the thickness of the S/R lines.
Steps:
Select the preferred style for displaying S/R levels.
Line colors will dynamically change based on the current price:
Bullish (uptrend) if the price closes above S/R levels.
Bearish (downtrend) if the price closes below S/R levels.
Key Categories:
Support & Resistance Zones:
Displays S/R levels and corresponding price zones, helping traders quickly identify key price ranges.
Dynamic S/R Levels:
S/R levels dynamically change colors to reflect market bullish/bearish signals.
Sensitivity Control:
Allows users to adjust the sensitivity and display range of S/R levels to align with their trading strategy.
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Hướng dẫn sử dụng - Support & Resistance (Hỗ trợ & Kháng cự)
Mô tả chức năng:
Phần này của indicator được thiết kế để xác định các mức hỗ trợ (Support) và kháng cự (Resistance) dựa trên các điểm pivot (pivot high và pivot low). Bạn có thể tùy chỉnh hiển thị các vùng giá quan trọng này thông qua các tham số điều chỉnh.
Hướng dẫn sử dụng:
1. Kích hoạt tính năng Support & Resistance
Tham số cần chỉnh:
enableSR: Bật/tắt hiển thị các mức hỗ trợ và kháng cự.
useZones: Hiển thị vùng hỗ trợ và kháng cự thay vì chỉ hiển thị đường đơn.
expandSR: Mở rộng các đường hỗ trợ/kháng cự về cả hai phía trên biểu đồ.
Cách sử dụng:
Kích hoạt enableSR để hiển thị các mức S/R.
Nếu muốn vùng hỗ trợ/kháng cự rõ ràng hơn, bật useZones để hiển thị khoảng giá giữa các mức.
2. Điều chỉnh độ nhạy (Sensitivity)
Tham số cần chỉnh:
strengthSR: Điều chỉnh độ nhạy khi xác định các mức S/R (độ nhạy cao sẽ phát hiện nhiều mức S/R hơn).
zoneWidth: Chiều rộng của vùng hỗ trợ/kháng cự (tính theo % khoảng cách giá cao nhất và thấp nhất).
Cách sử dụng:
Tăng hoặc giảm strengthSR để phù hợp với xu hướng thị trường.
Tăng zoneWidth nếu bạn muốn mở rộng vùng hỗ trợ/kháng cự.
3. Màu sắc & Phong cách đường (Style)
Tham số cần chỉnh:
lineStyle: Chọn kiểu đường (Solid, Dotted, Dashed).
lineWidth: Điều chỉnh độ dày của đường S/R.
Cách sử dụng:
Chọn kiểu hiển thị đường S/R phù hợp với phong cách giao dịch.
Màu sắc của đường sẽ thay đổi tự động theo giá hiện tại:
Màu Bullish (tăng) nếu giá hiện tại đóng cửa cao hơn mức hỗ trợ/kháng cự.
Màu Bearish (giảm) nếu giá hiện tại đóng cửa thấp hơn mức hỗ trợ/kháng cự.
Categories chính:
Support & Resistance Zones (Vùng hỗ trợ và kháng cự):
Hiển thị các mức S/R và vùng giá tương ứng, cho phép người dùng nhanh chóng nhận diện các vùng giá quan trọng.
Dynamic S/R Levels (Mức hỗ trợ/kháng cự động):
Các mức S/R tự động thay đổi màu sắc để phản ánh tín hiệu tăng/giảm của thị trường.
Sensitivity Control (Điều chỉnh độ nhạy):
Cho phép người dùng tùy chỉnh độ nhạy và vùng hiển thị của các mức hỗ trợ và kháng cự để phù hợp với từng chiến lược giao dịch.
40six Team
Market Hunter [Dakon]Market Hunter Indicator - Usage Guide
The Market Hunter Indicator provides powerful tools to visualize market trends, liquidation levels, heatmaps, and volume profiles. It’s designed to assist traders in identifying critical zones and market sentiment on any timeframe.
Key Features:
Trend Heatmap:
Displays a visual representation of market trends using heat sensitivity and CCI values.
Shows bullish (☰) and bearish (☰) zones for better market analysis.
Liquidation Heatmap:
Highlights potential liquidation levels for both long and short positions.
Customizable leverage and display modes (Normal/HD).
Volume Profile:
Provides volume distribution over a selected price range.
Highlights Point of Control (POC) levels for bullish and bearish volume.
Color Palette:
Multiple color themes for better visualization and adaptability.
How to Use:
Add Indicator to Chart:
Apply the indicator on any timeframe that suits your trading strategy.
Enable/Disable Features:
Access settings to toggle:
Trend Heatmap: Shows bar or trend heatmaps.
Liquidation Heatmap: Displays liquidation levels for longs/shorts.
Volume Profile: Shows volume distribution with POC levels.
Customize Settings:
Adjust sensitivity, heatmap length, and volume profile parameters to fit your preferences.
Interpret Signals:
Trend Heatmap: Use color gradients and icons (☰, ▣) to spot bullish/bearish trends.
Liquidation Heatmap: Identify key zones where liquidations are likely.
Volume Profile: Analyze volume at different price levels and focus on POC zones.
This indicator is ideal for traders who want a detailed market overview. Always combine it with your trading strategy for the best results.
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Hướng Dẫn Sử Dụng Market Hunter Indicator
Market Hunter Indicator cung cấp các công cụ mạnh mẽ để hình dung xu hướng thị trường, mức thanh lý, heatmap, và volume profile. Nó được thiết kế để giúp trader xác định các vùng quan trọng và tâm lý thị trường trên mọi khung thời gian.
Tính Năng Chính:
Trend Heatmap:
Hiển thị biểu đồ nhiệt xu hướng sử dụng độ nhạy và giá trị CCI.
Hiển thị vùng tăng (☰) và giảm (☰) để phân tích xu hướng thị trường
Liquidation Heatmap:
Làm nổi bật các mức thanh lý tiềm năng cho lệnh long và short.
Tùy chỉnh đòn bẩy và chế độ hiển thị (Normal/HD).
Volume Profile:
Hiển thị phân phối khối lượng trong một dải giá đã chọn.
Làm nổi bật các mức Point of Control (POC) cho khối lượng tăng và giảm.
Bảng Màu:
Nhiều bảng màu để cải thiện khả năng quan sát và thích nghi.
Cách Sử Dụng:
Thêm Indicator vào Biểu Đồ:
Áp dụng indicator trên bất kỳ khung thời gian nào phù hợp với chiến lược giao dịch của bạn.
Bật/Tắt Tính Năng:
Truy cập cài đặt để bật/tắt:
Trend Heatmap: Hiển thị bar hoặc trend heatmap.
Liquidation Heatmap: Hiển thị các mức thanh lý cho long/short.
Volume Profile: Hiển thị phân phối khối lượng với các mức POC.
Tùy Chỉnh Cài Đặt:
Điều chỉnh độ nhạy, độ dài heatmap, và thông số volume profile để phù hợp với sở thích của bạn.
Đọc Hiểu Tín Hiệu:
Trend Heatmap: Sử dụng gradient màu và biểu tượng (☰, ▣) để nhận diện xu hướng tăng/giảm.
Liquidation Heatmap: Xác định các vùng quan trọng có khả năng xảy ra thanh lý.
Volume Profile: Phân tích khối lượng ở các mức giá khác nhau và tập trung vào vùng POC.
Indicator này lý tưởng cho các trader muốn có một cái nhìn tổng quan chi tiết về thị trường. Hãy luôn kết hợp với chiến lược giao dịch của bạn để đạt hiệu quả tốt nhất.
Volara Density Zone Locator [By. TradeSea]Identify areas of consolidation in trending markets.
Once zones are broken, they disappear from the chart.
Black Tie Session Key Levels with AlertsThe indicator draws a line at the start and end of each session, making it a helpful reference for identifying support and resistance levels. Since price often reacts strongly at the opening and closing of sessions, these lines allow you to easily pinpoint moments of high liquidity, using them in a similar way to traditional highs, lows, or support and resistance levels.
Example Use Cases:
A strong bullish reaction at the London Open line could signal an opportunity to enter a long position.
A strong bearish reaction at the London Close line could signal an opportunity to enter a short position.
These are just examples and not trading recommendations.
I hope you find it useful.
Sunil 3 Inside Up Down Strategy Different Bar ExitStrategy Name: Sunil 3 Inside Up Down Strategy with Different Bar Exit
Overview: This strategy aims to capitalize on market movements by leveraging candlestick pattern recognition, dynamic support and resistance levels, and multiple technical indicators. It incorporates both trend-following and reversal mechanisms to determine optimal entry and exit points.
Key Features:
Candlestick Patterns:
The strategy identifies two primary candlestick patterns:
Three Inside Up (Bullish Reversal)
Three Inside Down (Bearish Reversal)
These patterns act as the key signals for entering long and short trades, respectively.
Dynamic Support and Resistance:
Support and resistance levels are calculated dynamically based on a user-defined lookback period. These levels adapt to changing market conditions, offering key reference points for trade entries and exits.
Trend Filter (SMA):
A Simple Moving Average (SMA) is used to determine the market's general trend. The strategy enters long trades when the price is above the SMA and short trades when the price is below it.
RSI Filter:
The Relative Strength Index (RSI) is employed to filter out trades in overbought or oversold conditions. This helps avoid entering trades when the market may be overextended.
Risk/Reward Management:
The strategy utilizes an adjustable Risk/Reward Ratio to calculate potential take-profit levels. It dynamically adjusts stop-loss and take-profit levels using the Average True Range (ATR), considering market volatility. A Trailing Stop is applied to lock in profits when the price moves favorably.
Automated Trade Alerts:
The strategy integrates automated trading functionality via TradingView alerts. Users can set up custom alerts for entering and exiting positions with JSON webhook messages for integration with external trading systems.
Trade Direction:
The strategy allows flexibility in its trade direction. It can be set to trade long-only, short-only, or both long and short, providing users with a range of options depending on their market outlook.
Position Tracking:
The strategy tracks long and short positions and ensures that exits occur only when the market has moved favorably. It avoids triggering exits on the same bar as the entry, and resets position tracking only after the bar closes.
Risk Management:
Stop-loss levels are based on the dynamic support and resistance levels and adjusted by a multiple of ATR.
A trailing stop mechanism is employed once a trade has moved in the desired direction, allowing the strategy to capture profits while reducing risk as the market moves.
User Inputs:
Risk/Reward Ratio: Adjustable to fine-tune profit targets.
ATR Length and Multiplier: Customize the ATR used for stop-loss and take-profit calculations.
RSI Length: Adjust the RSI period to better match the asset's behavior.
Trade Direction: Configure whether the strategy should take long, short, or both types of positions.
Alert Messaging:
Custom JSON messages are available for both long and short entries and exits, facilitating automated trading with brokers or external platforms via TradingView’s webhook feature.
This strategy is designed to take advantage of both trend-following and reversal opportunities in the market, using a combination of price action and technical indicators. The flexibility of the strategy allows for various trade setups and custom risk management, making it suitable for different market conditions.
Order Blocks - VK TradingOrder Blocks - VK Trading
This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart.
Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs.
Dual Block Detection: Uses two independent settings to cover different market perspectives.
Visual Alerts: Automatic line drawing for key levels.
Automatic Clearing: Dynamic clearing of already invalidated blocks.
User Benefits:
Clear Visual Analysis: Identifies key supply and demand points used by institutions.
Improved Trading Decisions: Anticipate entry and exit zones more accurately.
Time Saver: Automates level plotting, allowing you to focus on strategy and execution.
Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
ORB with Percentage LineIndicator Name: ORB (Opening Range Breakout) with Percentage Line
Author: ∞xLiquidated
Description:
This indicator is designed to help traders identify and track the Opening Range Breakout (ORB) within a specified time period. It plots the high (ORB High) and low (ORB Low) of the opening range based on the highest and lowest prices during the chosen session. Additionally, it features a customizable percentage-based line between the high and low, offering enhanced flexibility for price analysis.
Features:
Opening Range Boundaries:
Automatically plots the ORB High and ORB Low on the chart during the selected session time (e.g., 09:15–09:20).
Percentage-Based Line:
Displays a line at a user-defined percentage level between ORB High and ORB Low (e.g., 50% for the midpoint).
Customizable Session Time:
Users can easily configure the time window for calculating the opening range using the session input.
Real-Time Updates:
The indicator updates dynamically as new highs or lows occur during the session.
Use Case:
This indicator is perfect for traders who rely on breakout strategies, especially during the opening session of the market. The percentage line can serve as an additional reference point for identifying potential support and resistance zones within the opening range.
Inputs:
ORB Total Time (minutes): Sets the time period for defining the opening range.
Session Time: Specifies the session during which the opening range is calculated (e.g., 09:15–09:20).
Percentage Between High and Low: Determines the position of the percentage line (e.g., 50% for the midpoint).
Support And Resistance | EcoX TradingPurpose
This indicator identifies key support and resistance levels and visualizes them alongside Bollinger Bands. It is designed specifically for the 1-minute timeframe, targeting liquidity zones through higher timeframe levels. The indicator assists traders in spotting potential reversal zones and overbought/oversold conditions. While it highlights important price levels, it is not intended for precise entry or exit signals and works best when combined with other tools like RSI, SMI, AI Trend or indicator of your choice.
Calculation Overview
Support and Resistance Levels:
Derived from ta.lowest() and ta.highest() functions for specific intervals:
15 minutes, 1 hour, 2 hours, 4 hours, 12 hours, and 1 day.
These intervals are carefully selected to capture liquidity zones respected by price action.
Bollinger Bands:
Uses a 200-period volume-weighted moving average (VWMA) as the basis.
The bands are calculated with a 3x standard deviation, marking extreme price levels.
Usage / Example Scenario
1. Long Positions
Identify a Strong Support Level:
Locate a support level (e.g., 2-hour support in green) that the price consistently bounces off without breaking lower.
Confirm Liquidity:
Check the order book and market depth chart to confirm the presence of substantial limit buy orders just below the support.
Strong liquidity reinforces the potential for a reversal at the support level.
Entry Strategy:
Open a long position when the price approaches the support level and shows signs of reversal (e.g., respecting the support without further downward momentum).
Exit Strategy:
Exit the position near a resistance level (e.g., 4-hour resistance in yellow) where the price has historically struggled to break higher.
2. Short Positions
Identify a Strong Resistance Level:
Find a resistance level (e.g., 1-hour resistance in orange) where the price frequently gets rejected.
Confirm Liquidity:
Use the order book and market depth chart to verify significant limit sell orders above the resistance.
Strong sell-side liquidity indicates a high probability of a reversal at this level.
Entry Strategy:
Open a short position when the price approaches the resistance level and shows signs of reversal (e.g., failing to move higher and respecting the resistance zone).
Exit Strategy:
Close the position near a support level (e.g., 2-hour support in green) where buying pressure is likely to occur.
Disclaimer
This indicator is a technical tool for identifying price zones of interest. It does not guarantee accurate entry or exit points. Always use it as part of a broader trading strategy.
OBV Divergence Indicator [TradingFinder] On-Balance Vol Reversal🔵 Introduction
The On-Balance Volume (OBV) indicator, introduced by Joe Granville in 1963, is a powerful technical analysis tool used to measure buying and selling pressure based on trading volume and price.
By aggregating trading volume—adding it on positive days and subtracting it on negative days—OBV creates a cumulative line that reflects market volume pressure, making it valuable for confirming trends, identifying entry and exit points, and forecasting potential price movements.
Divergences between price and OBV often provide significant signals. A bearish divergence occurs when the price forms higher highs while the OBV line forms lower highs. This discrepancy indicates that upward momentum is weakening, increasing the likelihood of a downward trend.
In contrast, a bullish divergence happens when the price makes lower lows, but the OBV line forms higher lows. This suggests increasing buying pressure and the potential for an upward trend reversal.
For instance, if the price is rising but the OBV trendline is falling, it may signal a bearish divergence, warning of a possible price decline. Conversely, if the price is falling while the OBV line is rising, this could signal a bullish divergence, indicating a possible price recovery. These signals are particularly useful for identifying market turning points.
OBV often acts as a leading indicator, moving ahead of price changes. For example, a rising OBV alongside stable or declining prices can signal an impending upward breakout.
Conversely, a declining OBV with rising prices may indicate that the current uptrend is losing strength. Traders using this strategy often consider entering positions at breakout levels while setting stop losses near recent swing highs or lows to manage risk effectively.
This integration highlights how OBV divergences can provide actionable insights for predicting price movements and managing trades efficiently.
Bullish Divergence :
Bearish Divergence :
🔵 How to Use
The OBV indicator, as a cumulative tool, assists analysts in comparing volume and price changes to identify new trends and key levels for entering or exiting trades. Beyond confirming existing trends, it is particularly effective in analyzing positive and negative divergences between price and volume, providing valuable signals for trading decisions.
🟣 Bullish Divergence
A bullish divergence occurs when the price continues its downward or stable trend, but the OBV line starts rising, forming a higher low compared to its previous low. This suggests increasing volume on up days relative to down days and often signals a reversal to the upside.
For instance, if an asset's price stabilizes near a support level but the OBV line shows an upward trend, this divergence could present an opportunity to enter a long position.
🟣 Bearish Divergence
A bearish divergence occurs when the price forms higher highs, but the OBV line declines, creating lower highs compared to previous peaks. This indicates decreasing volume on up days relative to down days and often acts as a warning for a reversal to the downside.
For example, if an asset’s price approaches a resistance level while OBV starts declining, this divergence may signal the beginning of a downtrend and could indicate a good time to exit long trades or enter short positions.
🔵 Setting
Period : The "Period" setting allows you to define the number of bars or intervals for "Periodic" and "EMA" modes. A shorter period captures more short-term movements, while a longer period smooths out the fluctuations and provides a broader view of market trends.
You can enable or disable labels to highlight key levels or divergences and tables to show numerical details like values and divergence types. These options allow for a customized chart display.
🔵 Table
The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator.
Exist : If divergence is detected, a "+" will appear in this row.
Consecutive: Shows the number of consecutive divergences that have formed in a short period.
Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong."
Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
🔵 Conclusion
The OBV (On Balance Volume) indicator is a simple yet effective tool in technical analysis that combines volume and price changes to provide a comprehensive view of market buying and selling pressure. By identifying positive and negative divergences, OBV enables analysts to detect early signs of trend reversals and refine their trading strategies.
Divergences in OBV often precede price changes, making it a leading indicator for predicting market movements. Using OBV alongside other technical tools can enhance decision-making accuracy and help traders identify better entry and exit points. However, it is essential to consider the limitations of OBV, such as the potential for signal errors and the impact of sudden news events.
Ultimately, OBV serves as a complementary tool in technical analysis, aiding in trend identification, signal confirmation, and risk management. A thoughtful application of this indicator, in combination with other analytical tools, can create valuable opportunities for profiting in financial markets.
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
Advance smc & ict indicator SMC (Smart Money Concepts) Features
1. True SMC Market Structure
Description: This feature analyzes and marks the true market structure based on Smart Money Concepts, identifying critical patterns such as higher highs, higher lows, lower highs, and lower lows.
Benefit: By providing a clear visualization of market structure, it helps traders align their trades with the prevailing trend, increasing the probability of success.
2. Powerful Order Block
Description: Highlights significant order blocks where large institutional orders have been placed. These zones often act as major support or resistance levels.
Benefit: Recognizing these blocks allows traders to anticipate market reactions at these levels, setting up high-probability trades.
3. Mitigation Block
Description: Identifies areas where the market has previously reversed or paused due to the mitigation of large orders.
Benefit: These blocks can signal potential reversal points, helping traders to pinpoint profitable entry or exit positions.
4. Breaker Block
Description: Breaker blocks are formed when a key support or resistance level is breached, indicating a potential trend change.
Benefit: Spotting breaker blocks helps traders capitalize on emerging trends by providing early signals of market direction changes.
5. Propulsion Block
Description: When an order block is mitigated, the indicator marks the next candle as a propulsion block, indicating continued movement.
Benefit: This feature helps traders stay in a trade longer by identifying continuation patterns, maximizing profit potential.
6. Single Candle Order Block
Description: Identifies significant order blocks based on single candlestick patterns that indicate strong buying or selling interest.
Benefit: These blocks often lead to notable price reactions, providing traders with actionable trade signals.
7. IDM-BOS & IDM-CHoCH Conflict Resolved
Description: Resolves conflicts between internal drive models (IDM) and break of structure (BOS) or change of character (CHoCH).
Benefit: Ensures clear and consistent signals, improving the reliability of trade setups and reducing ambiguity.
8. Inside Bar Candle
Description: Marks inside bar candles where the high and low are within the range of the previous candle.
Benefit: Inside bars often indicate consolidation and potential breakout points, helping traders anticipate future price movements.
9. Outside Bar Candle
Description: Marks outside bar candles where the high and low exceed the range of the previous candle.
Benefit: Outside bars can signal strong market movements and potential reversals, offering valuable entry or exit points.
10. True SMC Pullback
Description: Identifies pullbacks that align with Smart Money Concepts methodology.
Benefit: Helps traders enter trades in the direction of the trend after a minor retracement, maximizing profit potential.
11. Live BOS, CHoCH, IDM
Description: Provides real-time updates on break of structure (BOS), change of character (CHoCH), and internal drive models (IDM).
Benefit: Keeps traders informed of important market changes as they happen, enabling quick and informed trading decisions.
12. Mark High/Low & Mark Circle
Description: Highlights significant high and low points on the chart and marks them with circles.
Benefit: These visual cues help traders quickly identify key levels of support and resistance.
13. Mark PDH, PDL & Equilibrium
Description: Marks the previous day’s high (PDH), previous day’s low (PDL), and the equilibrium level.
Benefit: These levels are crucial for intraday trading, providing reference points for potential price reactions.
14. Show High/Low Sweep Line (Option to Mark X)
Description: Displays lines indicating the sweeps of highs and lows, with an option to mark with an X.
Benefit: Helps in identifying liquidity hunts and potential reversal points where the price sweeps previous highs or lows.
15. Show Equilibrium
Description: Displays the equilibrium level on the chart.
Benefit: Equilibrium levels indicate where the market is balanced, helping traders identify potential pivot points.
16. Option - CHoCH with IDM/CHoCH without IDM
Description: Allows traders to choose whether to show change of character (CHoCH) signals with or without internal drive models (IDM).
Benefit: Provides flexibility to tailor the indicator to the trader’s preference, enhancing its usability.
ICT (Inner Circle Trader) Features
1. True ICT Market Structure
Description: Analyzes market structure following the ICT methodology, focusing on higher highs, higher lows, lower highs, and lower lows.
Benefit: Provides a clear understanding of the market's trend and potential reversal points, aligning with ICT principles.
2. Fractal/Internal Market Structure
Description: Identifies fractal and internal market structures within larger trends.
Benefit: Helps traders to see detailed price action and make more precise trading decisions by understanding the smaller components of larger trends.
3. True ICT Order Block
Description: Identifies order blocks based on the ICT methodology.
Benefit: Enhances the accuracy of identifying support and resistance zones, improving trade entries and exits.
4. True FVG (Fair Value Gaps)
Description: Marks fair value gaps as per the ICT framework.
Benefit: These gaps often act as magnets for price, offering potential entry or exit points when the price returns to fill them.
5. Important Buy-Side and Sell-Side Liquidity
Description: Highlights zones of significant buy-side and sell-side liquidity.
Benefit: Indicates areas where large orders may be executed, providing insights into potential price moves.
6. Swing Point
Description: Identifies swing highs and swing lows.
Benefit: These points are essential for identifying trends and setting stop-loss levels, ensuring well-informed trading decisions.
7. Equal Highs and Lows
Description: Marks areas where the price has formed equal highs or lows.
Benefit: These levels often act as strong support or resistance, offering potential breakout or reversal points.
8. London, New York, Tokyo High/Low Liquidity
Description: Marks high and low points for major trading sessions (London, New York, Tokyo).
Benefit: Helps traders identify liquidity zones for potential intraday trades, aligning with major market session trends.
9. 4hr, Daily, Monday, Weekly, Monthly High/Low Liquidity
Description: Marks significant high and low points on various timeframes.
Benefit: Provides reference points for different trading strategies, helping traders plan trades based on longer-term trends.
10. Multi-Timeframe Order Block
Description: Draws order blocks from higher timeframes (e.g., 1hr, 4hr, daily) on lower timeframe charts.
Benefit: Allows traders to see significant levels from higher timeframes while trading on lower timeframes, enhancing multi-timeframe analysis.
Price Action Features
1. High Probability Trendline
Description: Identifies and marks high probability trendlines on the chart.
Benefit: Trendlines help traders understand the direction of the market and potential breakout points, providing critical trade entry and exit signals.
2. Powerful Support & Resistance
Description: Marks significant support and resistance levels.
Benefit: These levels are crucial for identifying potential entry and exit points, as well as stop-loss placements, ensuring strategic trading.
3. Mark True Breakout
Description: Highlights true breakout points where the price has moved beyond a significant level with conviction.
Benefit: Helps traders identify genuine breakouts, avoiding false signals, and capitalizing on strong market movements.
4. Mark True Retest
Description: Marks points where the price has retested a broken support or resistance level.
Benefit: Retests confirm the breakout and provide safer entry points for trades, ensuring higher probability setups.
5. Liquidity Sweep
Description: Identifies points where the price sweeps through liquidity zones.
Benefit: Liquidity sweeps often precede significant price moves, offering opportunities for entry at favorable levels.
6. Bullish Sweep & Bearish Sweep
Description: Marks bullish and bearish sweeps of liquidity.
Benefit: Helps traders identify potential reversal points in the direction of the overall trend, ensuring timely trade entries.
7. ATR Range
Description: Displays the Average True Range (ATR) on the chart.
Benefit: ATR helps traders understand market volatility and set appropriate stop-loss levels, ensuring effective risk management.
8. Enable Memory Optimization
Description: Optimizes the indicator's performance by reducing memory usage.
Benefit: Ensures smooth performance of the indicator on TradingView, especially on lower-spec devices or with multiple indicators, enhancing user experience.
Conclusion
The SMC Buy/Sell Signal Indicator on TradingView is an advanced and comprehensive tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable insights and signals. Its extensive features, including true market structure, powerful
