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ค้นหาในสคริปต์สำหรับ "fair value gap"

5 Min ORB with Dynamic Position Sizing and TargetThis indicator is based off of the 5 minute ORB strategy and developed for use on ES/MES. It sets the opening range based off of the high and low of the first five minutes of trading during the NY session. Based off of a user configurable volatility level (measured by the high to low range in points), it plots one of two user configurable targets on either side of the range. It also provides a recommended position size based off of a user configurable maximum risk. For illustrative purposes, I use the 1 minute chart and my current strategy is to enter on the break of the ORB, set SL one tick outside of the opposite side, then close the entire position at the target price. If price forms a fair value gap during the break, I then move my stop loss to two ticks above that. I will be testing leaving a runner in the future. Not financial advice, of course. Be sure to paper trade before committing any real funds.
อินดิเคเตอร์ Pine Script®
โดย benhall209
Order-Block Detector ICT/SMT + FVG + SignalsOrderBlock-Finder This script shows order-blocks (OB) and fair-value-gaps (FVG). Additionaly there are entry signals for OB and FVG. The Dist-Parameter tell how many candles should exist between the beginning of the OB or FVG and the pullback. Order-Blocks An order block in trading typically refers to a significant grouping of buy or sell orders at a particular price level within a financial market. These blocks of orders can influence price movement when they are executed. Here's a breakdown: Buy Order Block: This occurs when there's a large concentration of buy orders at a specific price level. It indicates a significant interest among traders to purchase the asset if the price reaches that level. Sell Order Block: Conversely, a sell order block happens when there's a notable accumulation of sell orders at a particular price level. This suggests that many traders are willing to sell the asset if the price reaches that level. Impact on Price: Order blocks can influence price movement because when the market approaches these levels, the orders within the block may be triggered, leading to increased buying or selling pressure, depending on the type of block. This surge in trading activity can cause the price to either bounce off the level or break through it. Support and Resistance: Order blocks are often associated with support and resistance levels. A buy order block may act as support, preventing the price from falling further, while a sell order block may serve as resistance, hindering upward price movement. Fair-Value-Gap The fair value gap in trading refers to the difference between the current market price of an asset and its calculated fair value. This concept is often used in financial markets, especially in the context of stocks and other securities. Here's a breakdown: Market Price: The market price is the price at which an asset is currently trading in the market. It is determined by the interaction of supply and demand forces, as well as various other factors such as news, sentiment, and economic conditions. Fair Value: Fair value represents the estimated intrinsic value of an asset based on fundamental analysis, which includes factors such as earnings, dividends, cash flow, growth prospects, and prevailing interest rates. It's essentially what an asset should be worth based on its fundamentals. Fair Value Calculation: Analysts and investors use various methods to calculate the fair value of an asset. Common approaches include discounted cash flow (DCF) analysis, comparable company analysis (CCA), and dividend discount models (DDM), among others. Fair Value Gap: The fair value gap is the numerical difference between the calculated fair value of an asset and its current market price. If the market price is higher than the fair value, it suggests that the asset may be overvalued. Conversely, if the market price is lower than the fair value, it indicates that the asset may be undervalued. Trading Implications: Traders and investors often pay attention to the fair value gap to identify potential trading opportunities. If the market price deviates significantly from the fair value, it may present opportunities to buy or sell the asset with the expectation that the market price will eventually converge towards its fair value.
อินดิเคเตอร์ Pine Script®
โดย veegee82
5
ICT Concepts [LuxAlgo]The ICT Concepts indicator regroups core concepts highlighted by trader and educator "The Inner Circle Trader" (ICT) into an all-in-one toolkit. Features include Market Structure (MSS & BOS), Order Blocks, Imbalances, Buyside/Sellside Liquidity, Displacements, ICT Killzones, and New Week/Day Opening Gaps. 🔶 SETTINGS 🔹 Mode When Present is selected, only data of the latest 500 bars are used/visualized, except for NWOG/NDOG 🔹 Market Structure Enable/disable Market Structure. Length: will set the lookback period/sensitivity. In Present Mode only the latest Market Structure trend will be shown, while in Historical Mode, previous trends will be shown as well: You can toggle MSS/BOS separately and change the colors: 🔹 Displacement Enable/disable Displacement. 🔹 Volume Imbalance Enable/disable Volume Imbalance. # Visible VI's: sets the amount of visible Volume Imbalances (max 100), color setting is placed at the side. 🔹 Order Blocks Enable/disable Order Blocks. Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks. Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart. Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart. Color settings. Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block. Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range. Change in Order Blocks style: 🔹 Liquidity Enable/disable Liquidity. Margin: sets the sensitivity, 2 points are fairly equal when:        'point 1' < 'point 2' + (10 bar Average True Range / (10 / margin)) and        'point 1' > 'point 2' -   (10 bar Average True Range / (10 / margin)) # Visible Liq. boxes: sets the amount of visible Liquidity boxes (max 50), this amount is for Sellside and Buyside boxes separately. Colour settings. Change in Liquidity style: 🔹 Fair Value Gaps Enable/disable FVG's. Balance Price Range: this is the overlap of latest bullish and bearish Fair Value Gaps.      By disabling Balance Price Range only FVGs will be shown. Options: Choose whether you wish to see FVG or Implied Fair Value Gaps (this will impact Balance Price Range as well) # Visible FVG's: sets the amount of visible FVG's (max 20, in the same direction). Color settings. Change in FVG style: 🔹 NWOG/NDOG Enable/disable NWOG; color settings; amount of NWOG shown (max 50). Enable/disable NDOG    ; color settings; amount of NDOG     shown (max 50). 🔹 Fibonacci This tool connects the 2 most recent bullish/bearish (if applicable) features of your choice, provided they are enabled. 3 examples (FVG, BPR, OB): Extend lines -> Enabled (example OB): 🔹 Killzones Enable/disable all or the ones you need. Time settings are coded in the corresponding time zones. 🔶 USAGE By default, the indicator displays each feature relevant to the most recent price variations in order to avoid clutter on the chart & to provide a very similar experience to how a user would contruct ICT Concepts by hand. Users can use the historical mode in the settings to see historical market structure/imbalances. The ICT Concepts indicator has various use cases, below we outline many examples of how a trader could find usage of the features together. In the above image we can see price took out Sellside liquidity, filled two bearish FVGs, a market structure shift, which then led to a clean retest of a bullish FVG as a clean setup to target the order block above. Price then fills the OB which creates a breaker level as seen in yellow. Broken OBs can be useful for a trader using the ICT Concepts indicator as it marks a level where orders have now been filled, indicating a solidified level that has proved itself as an area of liquidity. In the image above we can see a trade setup using a broken bearish OB as a potential entry level. We can see the New Week Opening Gap (NWOG) above was an optimal level to target considering price may tend to fill / react off of these levels according to ICT. In the next image above, we have another example of various use cases where the ICT Concepts indicator hypothetically allow traders to find key levels & find optimal entry points using market structure. In the image above we can see a bearish Market Structure Shift (MSS) is confirmed, indicating a potential trade setup for targeting the Balanced Price Range imbalance (BPR) below with a stop loss above the buyside liquidity. Although what we are demonstrating here is a hindsight example, it shows the potential usage this toolkit gives you for creating trading plans based on ICT Concepts. Same chart but playing out the history further we can see directly after price came down to the Sellside liquidity & swept below it... Then by enabling IFVGs in the settings, we can see the IFVG retests alongside the Sellside & Buyside liquidity acting in confluence. Which allows us to see a great bullish structure in the market with various key levels for potential entries. Here we can see a potential bullish setup as price has taken out a previous Sellside liquidity zone and is now retesting a NWOG + Volume Imbalance. Users also have the option to display Fibonacci retracements based on market structure, order blocks, and imbalance areas, which can help place limit/stop orders more effectively as well as finding optimal points of interest beyond what the primary ICT Concepts features can generate for a trader. In the above image we can see the Fibonacci extension was selected to be based on the NWOG giving us some upside levels above the buyside liquidity. 🔶 DETAILS Each feature within the ICT Concepts indicator is described in the sub sections below. 🔹 Market Structure Market structure labels are constructed from price breaking a prior swing point. This allows a user to determine the current market trend based on the price action. There are two types of Market Structure labels included: Market Structure Shift (MSS) Break Of Structure (BOS) A MSS occurs when price breaks a swing low in an uptrend or a swing high in a downtrend, highlighting a potential reversal. This is often labeled as "CHoCH", but ICT specifies it as MSS. On the other hand, BOS labels occur when price breaks a swing high in an uptrend or a swing low in a downtrend. The occurrence of these particular swing points is caused by retracements (inducements) that highlights liquidity hunting in lower timeframes. 🔹 Order Blocks More significant market participants (institutions) with the ability of placing large orders in the market will generally place a sequence of individual trades spread out in time. This is referred as executing what is called a "meta-order". Order blocks highlight the area where potential meta-orders are executed. Bullish order blocks are located near local bottoms in an uptrend while bearish order blocks are located near local tops in a downtrend. When price mitigates (breaks out) an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity. 🔹 Buyside & Sellside Liquidity Buyside / Sellside liquidity levels highlight price levels where market participants might place limit/stop orders. Buyside liquidity levels will regroup the stoploss orders of short traders as well as limit orders of long traders, while Sellside liquidity levels will regroup the stoploss orders of long traders as well as limit orders of short traders. These levels can play different roles. More informed market participants might view these levels as source of liquidity, and once liquidity over a specific level is reduced it will be found in another area. 🔹 Imbalances Imbalances highlight disparities between the bid/ask, these can also be defined as inefficiencies, which would suggest that not all available information is reflected by the price and would as such provide potential trading opportunities. It is common for price to "rebalance" and seek to come back to a previous imbalance area. ICT highlights multiple imbalance formations: Fair Value Gaps: A three candle formation where the candle shadows adjacent to the central candle do not overlap, this highlights a gap area. Implied Fair Value Gaps: Unlike the fair value gap the implied fair value gap has candle shadows adjacent to the central candle overlapping. The gap area is constructed from the average between the respective shadow and the nearest extremity of their candle body. Balanced Price Range: Balanced price ranges occur when a fair value gap overlaps a previous fair value gap, with the overlapping area resulting in the imbalance area. Volume Imbalance: Volume imbalances highlight gaps between the opening price and closing price with existing trading activity (the low/high overlap the previous high/low). Opening Gap: Unlike volume imbalances opening gaps highlight areas with no trading activity. The low/high does not reach previous high/low, highlighting a "void" area. 🔹 Displacement Displacements are scenarios where price forms successive candles of the same sentiment (bullish/bearish) with large bodies and short shadows. These can more technically be identified by positive auto correlation (a close to open change is more likely to be followed by a change of the same sign) as well as volatility clustering (large changes are followed by large changes). Displacements can be the cause for the formation of imbalances as well as market structure, these can be caused by the full execution of a meta order. 🔹 Kill Zones Killzones represent different time intervals that aims at offering optimal trade entries. Killzones include: - New York Killzone (7:9 ET) - London Open Killzone (2:5 ET) - London Close Killzone (10:12 ET) - Asian Killzone (20:00 ET) 🔶 Conclusion & Supplementary Material This script aims to emulate how a trader would draw each of the covered features on their chart in the most precise representation to how it's actually taught by ICT directly. There are many parallels between ICT Concepts and Smart Money Concepts that we released in 2022 which has a more general & simpler usage: ICT Concepts, however, is more specifically aligned toward the community's interpretation of how to analyze price 'based on ICT', rather than displaying features to have a more classic interpretation for a technical analyst.
อินดิเคเตอร์ Pine Script®
โดย LuxAlgo
174
Uptrick: FVG Market Zones**Uptrick: FVG Market Zones** --- ### Introduction **Uptrick: FVG Market Zones** is a cutting-edge technical analysis tool designed to identify and visualize Fair Value Gaps (FVGs) within financial markets. This indicator focuses on pinpointing critical price levels where significant gaps occur, which can act as potential support and resistance zones. By integrating advanced volatility analysis and user-configurable parameters, the **Uptrick: FVG Market Zones** provides traders with a robust framework for understanding market dynamics and making informed trading decisions. ### Purpose and Functionality The primary purpose of the **Uptrick: FVG Market Zones** indicator is to detect and highlight Fair Value Gaps, which are areas on a price chart where there is a significant price movement without any trading activity in between. These gaps can provide critical insights into market behavior, as they often indicate areas where the market has not fully accounted for the supply and demand dynamics. Traders use these zones to anticipate potential reversals, breakouts, or consolidations, making this tool highly valuable for both short-term and long-term trading strategies. ### Unique Features and Originality The **Uptrick: FVG Market Zones** indicator is distinguished by its focus on FVGs and its ability to integrate this concept into a broader market analysis framework. Unlike other indicators that may offer generalized support and resistance levels, this tool specifically identifies and visualizes gaps based on volatility-adjusted criteria. This precision allows traders to focus on the most relevant market zones, improving their ability to anticipate market movements. One of the standout features of this indicator is its user-configurable settings, which provide a high degree of customization. This flexibility ensures that traders can tailor the indicator to suit their specific trading style and the particular market they are analyzing. Additionally, the indicator's visualization capabilities are enhanced with customizable colors and gap-filling options, making it easier for traders to interpret and act on the information presented. ### Inputs and Configurations **Uptrick: FVG Market Zones** comes with several user inputs that allow traders to customize the indicator's behavior and appearance. Each input plays a crucial role in determining how the indicator identifies and visualizes FVGs on the chart. Here’s a detailed breakdown of each input: 1. **FVG Analysis Period (fvgPeriod):** - **Description:** This input determines the period over which the indicator analyzes the chart for identifying FVGs. By adjusting this value, traders can control how far back in time the indicator looks to detect significant gaps. - **Default Value:** 25 - **Purpose:** A shorter period may focus on more recent market activity, making the indicator more sensitive to recent price movements. In contrast, a longer period allows the indicator to identify gaps that have remained unfilled for an extended time, potentially acting as stronger support or resistance levels. 2. **Analysis Mode (mode):** - **Description:** The Analysis Mode input allows traders to choose between different methods of analyzing the chart for FVGs. - **Options:** "Recent Gaps" and "Extended View" - **Default Option:** "Recent Gaps" - **Purpose:** - **Recent Gaps:** Focuses on the latest significant gaps, providing traders with up-to-date information on the most relevant market zones. - **Extended View:** Considers a broader range of gap patterns, which can be useful in markets where historical gaps may still influence current price action. 3. **Volatility Sensitivity (volatilityFactor):** - **Description:** This input adjusts the sensitivity of the indicator to market volatility. It is used in calculating the threshold for identifying FVGs. - **Default Value:** 0.3 - **Step Size:** 0.1 - **Purpose:** A higher sensitivity will cause the indicator to detect smaller gaps, which might be more frequent but less significant. Lower sensitivity focuses on larger, more impactful gaps, which are less frequent but potentially more powerful in predicting market behavior. 4. **Highlight Market Gaps (showGaps):** - **Description:** A boolean input that determines whether the identified FVGs should be highlighted on the chart. - **Default Value:** True - **Purpose:** This input allows traders to toggle the visualization of FVGs. When enabled, the indicator highlights gaps using colored boxes, making them visually prominent on the chart. 5. **Bullish Highlight Color (bullColor):** - **Description:** Sets the color used to highlight bullish FVGs (gaps that may indicate support). - **Default Value:** #00FF7F (a shade of green) - **Purpose:** The color choice is crucial for quickly distinguishing bullish zones from bearish ones. Green is typically associated with upward price movement, making it intuitive for traders to identify potential support areas. 6. **Bearish Highlight Color (bearColor):** - **Description:** Sets the color used to highlight bearish FVGs (gaps that may indicate resistance). - **Default Value:** #FF4500 (a shade of red) - **Purpose:** Red is commonly associated with downward price movement, making it easy for traders to identify potential resistance areas. This color coding helps in quickly assessing the chart. 7. **Fill Gap Areas (fillGaps):** - **Description:** A boolean input that determines whether the FVGs should be filled with a color on the chart. - **Default Value:** True - **Purpose:** Filling the gap areas provides a more solid visual cue for traders. It enhances the visibility of the gaps, making it easier to spot these zones during fast-paced trading sessions. 8. **Hidden Color (hidden):** - **Description:** A color input that is used when certain elements should be hidden from the chart. - **Default Value:** color.rgb(0,0,0,100) (a semi-transparent black) - **Purpose:** This input is useful for controlling the visibility of certain plots or elements on the chart, ensuring that the indicator remains clean and uncluttered. ### Market Gap Detection The core functionality of the **Uptrick: FVG Market Zones** indicator lies in its ability to detect Fair Value Gaps. These gaps occur when the price makes a significant jump from one level to another without any trading activity in between. The indicator uses a combination of price action analysis and volatility thresholds to identify these gaps. - **Volatility Measurement:** The indicator begins by measuring market volatility using the Average True Range (ATR). This volatility measurement is then adjusted by the user-defined sensitivity factor, which determines the threshold for identifying significant gaps. - **Gap Identification:** The indicator checks for instances where the current low is higher than the high two bars ago (bullish gap) or where the current high is lower than the low two bars ago (bearish gap). These conditions signify a potential FVG. - **Gap Storage and Management:** Once a gap is identified, it is stored in an array. The indicator also manages the size of these arrays based on the selected analysis mode, ensuring that only the most relevant gaps are considered in the analysis. ### Visualization Visualization is a key component of the **Uptrick: FVG Market Zones** indicator. By providing clear and customizable visual cues, the indicator ensures that traders can quickly and easily interpret the information it provides. - **Gap Highlighting:** When enabled, the indicator highlights the identified FVGs on the chart using colored boxes. Bullish gaps are highlighted in green, while bearish gaps are highlighted in red. This color coding helps traders instantly recognize potential support and resistance zones. - **Gap Filling:** The indicator can also fill the identified gaps with a semi-transparent color. This option enhances the visibility of the gaps, making them more prominent on the chart. Filled gaps are particularly useful for traders who want to keep track of these zones over multiple trading sessions. - **Gap Averages:** The indicator calculates the average level of the identified gaps and plots these averages as lines on the chart. These lines represent the general area of support or resistance based on the detected gaps, providing traders with a reference point for setting their stop losses or profit targets. - **Text Labels:** The indicator also labels each FVG with the text "FVG" inside the highlighted area. This feature ensures that traders can easily identify these zones even in charts with dense price action. ### Practical Applications The **Uptrick: FVG Market Zones** indicator is versatile and can be applied to a wide range of trading strategies across different markets and timeframes. Here are a few examples of how this indicator can be used in practice: 1. **Support and Resistance Trading:** - Traders can use the identified FVGs as dynamic support and resistance levels. By placing their trades based on these levels, they can take advantage of potential reversals or continuations at key market zones. 2. **Gap Filling Strategy:** - Some traders focus on the concept of gap filling, where the market eventually returns to "fill" the gap created by rapid price movements. The **Uptrick: FVG Market Zones** indicator can help identify such gaps and anticipate when the market might return to these levels. 3. **Breakout Trading:** - The indicator can be used to identify breakouts from significant gaps. When the price moves beyond the identified FVGs, it may signal a strong trend continuation, providing an opportunity for breakout traders. 4. **Reversal Trading:** - By monitoring the signals generated by the indicator, traders can identify potential market reversals. A sell signal after a prolonged uptrend or a buy signal after a downtrend may indicate a reversal, allowing traders to position themselves accordingly. 5. **Risk Management:** - The average levels of the FVGs can be used to set stop-loss and take-profit levels. By aligning these levels with the FVG zones, traders can improve their risk management practices and enhance their trading discipline. ### Customization and Flexibility One of the standout features of the **Uptrick: FVG Market Zones** indicator is its high level of customization. Traders can adjust various parameters to tailor the indicator to their specific needs and preferences. - **Customizable Colors:** The indicator allows traders to choose their preferred colors for highlighting bullish and bearish gaps. This flexibility ensures that the indicator can be integrated seamlessly into any trading setup, regardless of the trader's color scheme preferences. - **Adjustable Periods and Sensitivity:** By allowing traders to adjust the analysis period and volatility sensitivity, the indicator can be fine-tuned to suit different market conditions. For example, a trader might use a shorter analysis period and higher sensitivity in a volatile market, while opting for a longer period and lower sensitivity in a more stable market. - **Toggling Visual Elements:** Traders can choose to enable or disable various visual elements of the indicator, such as gap highlighting, gap filling, and text labels. This level of control allows traders to declutter their charts and focus on the information that is most relevant to their trading strategy. ### Advantages and Benefits The **Uptrick: FVG Market Zones** indicator offers several key advantages that make it a valuable tool for traders: 1. **Precision:** By focusing on Fair Value Gaps, the indicator provides highly precise levels of support and resistance, which are often more reliable than traditional horizontal levels. 2. **Clarity:** The clear visual representation of FVGs, along with the text labels and color coding, ensures that traders can quickly interpret the indicator's signals and incorporate them into their trading decisions. 3. **Adaptability:** The indicator's customizable settings allow it to be adapted to different markets, timeframes, and trading styles. Whether you are a day trader, swing trader, or long-term investor, this indicator can be tailored to meet your needs. 4. **Enhanced Decision-Making:** The trading signals generated by the indicator provide actionable insights that can help traders make more informed decisions. By aligning their trades with the identified FVG zones, traders can improve their chances of success. 5. **Risk Management:** The use of FVG zones as reference points for stop-loss and take-profit levels enhances risk management practices, helping traders protect their capital while maximizing their profit potential. ### Conclusion The **Uptrick: FVG Market Zones** indicator is a powerful and versatile tool for traders seeking to enhance their market analysis and improve their trading outcomes. By focusing on Fair Value Gaps and providing a high level of customization, this indicator offers a unique blend of precision, clarity, and adaptability. Whether you are looking to identify key market zones, generate trading signals, or improve your risk management practices, the **Uptrick: FVG Market Zones** indicator is a valuable addition to any trader's toolkit. With its innovative approach to market analysis and user-friendly design, **Uptrick: FVG Market Zones** stands out as an essential tool for traders who want to stay ahead of the market and make more informed trading decisions. Whether you are trading stocks, forex, commodities, or cryptocurrencies, this indicator provides the insights you need to navigate the markets with confidence and success.
อินดิเคเตอร์ Pine Script®
โดย Uptrick
2
CandelaCharts - 1st Presented FVG 📝 Overview The ICT 1st Presented Fair Value Gap refers to the first FVG that forms after the market opens at 9:30 AM New York local time. In a sideways market, it often acts as a catalyst for price movement in either direction, while in trending conditions, it tends to support and reinforce the prevailing trend. This indicator automatically identifies the first Fair Value Gap (FVG) that forms after the New York session opens at 9:30 AM local time. Based on concepts taught by Inner Circle Trader (ICT), the 1st Presented FVG is a key institutional price imbalance that often sets the tone for the trading day. 📦 Features Customize FVG session time (e.g. 09:30 – 10:00) Show/hide session dividers FVG visibility filter (e.g. Bullish / Bearish) Advanced styling Hide overlapping FVGs Extend FVGs Opening prices ⚙️ Settings Show: Controls whether all, bullish only, or bearish only FVGs are displayed on the chart. Session: Sets a specific time window (e.g. 09:30–10:00) to filter which FVGs are displayed. Dividers: Toggles vertical session divider on the chart for visual separation. Midline: Displays a midpoint (CE) line through the FVG; customizable color and thickness. Border: Adds a border around each FVG zone. Labels: Toggles label display for FVGs. Hide Overlap: Hides overlapping FVGs to reduce visual clutter. Extend: Extends each FVG forward in time. Alerts: Enables alerts when price interacts with an FVG zone. Opening Prices: Allows defining custom time-based levels (e.g. 00:00–00:01 and 18:00–18:01) with color and style options. ⚡️ Showcase Simple Labels Bordered Consequent Encroachment Extended Dividers 📒 Usage How to Use the ICT 1st Presented Fair Value Gap in Trading To apply the ICT 1st Presented Fair Value Gap (FVG), identify the first fair value gap of the day and extend it across the chart until 3:45 PM New York time. You’ll often notice that some of the best trade setups form around this level. It tends to act as a key reference point for price action during the day—especially on trending days, where price frequently returns to this gap before continuing in its direction. This level can also serve as an inverse fair value gap, offering opportunities in the opposite direction under the right conditions. How to Disqualify the 1st Presented Fair Value Gap? When the first fair value gap forms after 9:30 AM New York time, check the candles that came just before it. If the candlestick that creates the FVG doesn’t break above or below the range of those previous candles, then it’s not a true inefficiency. In that case, it’s considered a disqualified 1st Presented Fair Value Gap—meaning it shouldn’t be used as a key reference level. Refer to the example below to see what this looks like on the chart. 🚨 Alerts This script provides alert options for all signals. Bearish Signal A bearish signal is triggered when the bearish 1st P.FVG is formed in interval 09:30 - 10:00. Bullish Signal A bullish signal is triggered when the bullish 1st P.FVG is formed in interval 09:30 - 10:00. ⚠️ Disclaimer Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
อินดิเคเตอร์ Pine Script®
โดย CandelaCharts
1
NWOG with FVGThe New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a trading tool designed to analyze price action and detect potential support, resistance, and trade entry opportunities based on two significant concepts: New Week Opening Gap (NWOG): The price range between the high and low of the first candle of the new trading week. Fair Value Gap (FVG): A price imbalance or gap between candlesticks, where price may retrace to fill the gap, indicating potential support or resistance zones. When combined, these two concepts help traders identify key price levels (from the new week open) and price imbalances (from FVGs), which can act as powerful indicators for potential market reversals, retracements, or continuation trades. 1. New Week Opening Gap (NWOG): Definition: The New Week Opening Gap (NWOG) refers to the range between the high and low of the first candle in a new trading week (often, the Monday open in most markets). Purpose: NWOG serves as a significant reference point for market behavior throughout the week. Price action relative to this range helps traders identify: Support and Resistance zones. Bullish or Bearish sentiment depending on price’s relation to the opening gap levels. Areas where the market may retrace or reverse before continuing in the primary trend. How NWOG is Identified: The high and low of the first candle of the new week are drawn on the chart, and these levels are used to assess the market's behavior relative to this range. Trading Strategy Using NWOG: Above the NWOG Range: If price is trading above the NWOG levels, it signals bullish sentiment. Below the NWOG Range: If price is trading below the NWOG levels, it signals bearish sentiment. Price Touching the NWOG Levels: If price approaches or breaks through the NWOG levels, it can indicate a potential retracement or reversal. 2. Fair Value Gap (FVG): Definition: A Fair Value Gap (FVG) occurs when there is a gap or imbalance between two consecutive candlesticks, where the high of one candle is lower than the low of the next candle (or vice versa), creating a zone that may act as a price imbalance. Purpose: FVGs represent an imbalance in price action, often indicating that the market moved too quickly and left behind a price region that was not fully traded. FVGs can serve as areas where price is likely to retrace to fill the gap, as traders seek to correct the imbalance. How FVG is Identified: An FVG is detected if: Bearish FVG: The high of one candle is less than the low of the next (gap up). Bullish FVG: The low of one candle is greater than the high of the next (gap down). The area between the gap is drawn as a shaded region, indicating the FVG zone. Trading Strategy Using FVG: Price Filling the FVG: Price is likely to retrace to fill the gap. A reversal candle in the FVG zone can indicate a trade setup. Support and Resistance: FVG zones can act as support (in a bullish FVG) or resistance (in a bearish FVG) if the price retraces to them. Combined Strategy: New Week Opening Gap (NWOG) and Fair Value Gap (FVG): The combined use of NWOG and FVG helps traders pinpoint high-probability price action setups where: The New Week Opening Gap (NWOG) acts as a major reference level for potential support or resistance. Fair Value Gaps (FVG) represent market imbalances where price might retrace to, filling the gap before continuing its move. Signal Logic: Buy Signal: Price touches or breaks above the NWOG range (indicating a bullish trend) and there is a bullish FVG present (gap indicating a support area). Price retraces to fill the bullish FVG, offering a potential buy opportunity. Sell Signal: Price touches or breaks below the NWOG range (indicating a bearish trend) and there is a bearish FVG present (gap indicating a resistance area). Price retraces to fill the bearish FVG, offering a potential sell opportunity. Example: Buy Setup: Price breaks above the NWOG resistance level, and a bullish FVG (gap down) appears below. Traders can wait for price to pull back to fill the gap and then take a long position when confirmation occurs. Sell Setup: Price breaks below the NWOG support level, and a bearish FVG (gap up) appears above. Traders can wait for price to retrace and fill the gap before entering a short position. Key Benefits of the Combined NWOG & FVG Indicator: Combines Two Key Concepts: NWOG provides context for the market's overall direction based on the start of the week. FVG highlights areas where price imbalances exist and where price might retrace to, making it easier to spot entry points. High-Probability Setups: By combining these two strategies, the indicator helps traders spot high-probability trades based on major market levels (from NWOG) and price inefficiencies (from FVG). Helps Identify Reversal and Continuation Opportunities: FVGs act as potential support and resistance zones, and when combined with the context of the NWOG levels, it gives traders clearer guidance on where price might reverse or continue its trend. Clear Visual Signals: The indicator can plot the NWOG levels on the chart, and shade the FVG areas, providing a clean and easy-to-read chart with entry signals marked for buy and sell opportunities. Conclusion: The New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a powerful tool for traders who use price action strategies. By incorporating the New Week's opening range and identifying gaps in price action, this indicator helps traders identify potential support and resistance zones, pinpoint entry opportunities, and increase the probability of successful trades. This combined strategy enhances your analysis by adding layers of confirmation for trades based on significant market levels and price imbalances. Let me know if you'd like more details or modifications!
อินดิเคเตอร์ Pine Script®
โดย ICT_Concept_Trading
Multiple Naked LevelsPURPOSE OF THE INDICATOR This indicator autogenerates and displays naked levels and gaps of multiple types collected into one simple and easy to use indicator. VALUE PROPOSITION OF THE INDICATOR AND HOW IT IS ORIGINAL AND USEFUL 1) CONVENIENCE : The purpose of this indicator is to offer traders with one coherent and robust indicator providing useful, valuable, and often used levels - in one place. 2) CLUSTERS OF CONFLUENCES : With this indicator it is easy to identify levels and zones on the chart with multiple confluences increasing the likelihood of a potential reversal zone. THE TYPES OF LEVELS AND GAPS INCLUDED IN THE INDICATOR The types of levels include the following: 1) PIVOT levels (Daily/Weekly/Monthly) depicted in the chart as: dnPIV, wnPIV, mnPIV. 2) POC (Point of Control) levels (Daily/Weekly/Monthly) depicted in the chart as: dnPoC, wnPoC, mnPoC. 3) VAH/VAL STD 1 levels (Value Area High/Low with 1 std) (Daily/Weekly/Monthly) depicted in the chart as: dnVAH1/dnVAL1, wnVAH1/wnVAL1, mnVAH1/mnVAL1 4) VAH/VAL STD 2 levels (Value Area High/Low with 2 std) (Daily/Weekly/Monthly) depicted in the chart as: dnVAH2/dnVAL2, wnVAH2/wnVAL2, mnVAH1/mnVAL2 5) FAIR VALUE GAPS (Daily/Weekly/Monthly) depicted in the chart as: dnFVG, wnFVG, mnFVG. 6) CME GAPS (Daily) depicted in the chart as: dnCME. 7) EQUILIBRIUM levels (Daily/Weekly/Monthly) depicted in the chart as dnEQ, wnEQ, mnEQ. HOW-TO ACTIVATE LEVEL TYPES AND TIMEFRAMES AND HOW-TO USE THE INDICATOR You can simply choose which of the levels to be activated and displayed by clicking on the desired radio button in the settings menu. You can locate the settings menu by clicking into the Object Tree window, left-click on the Multiple Naked Levels and select Settings. You will then get a menu of different level types and timeframes. Click the checkboxes for the level types and timeframes that you want to display on the chart. You can then go into the chart and check out which naked levels that have appeared. You can then use those levels as part of your technical analysis. The levels displayed on the chart can serve as additional confluences or as part of your overall technical analysis and indicators. In order to back-test the impact of the different naked levels you can also enable tapped levels to be depicted on the chart. Do this by toggling the 'Show tapped levels' checkbox. Keep in mind however that Trading View can not shom more than 500 lines and text boxes so the indocator will not be able to give you the complete history back to the start for long duration assets. In order to clean up the charts a little bit there are two additional settings that can be used in the Settings menu: - Selecting the price range (%) from the current price to be included in the chart. The default is 25%. That means that all levels below or above 20% will not be displayed. You can set this level yourself from 0 up to 100%. - Selecting the minimum gap size to include on the chart. The default is 1%. That means that all gaps/ranges below 1% in price difference will not be displayed on the chart. You can set the minimum gap size yourself. BASIC DESCRIPTION OF THE INNER WORKINGS OF THE INDICTATOR The way the indicator works is that it calculates and identifies all levels from the list of levels type and timeframes above. The indicator then adds this level to a list of untapped levels. Then for each bar after, it checks if the level has been tapped. If the level has been tapped or a gap/range completely filled, this level is removed from the list so that the levels displayed in the end are only naked/untapped levels. Below is a descrition of each of the level types and how it is caluclated (algorithm): PIVOT Daily, Weekly and Monthly levels in trading refer to significant price points that traders monitor within the context of a single trading day. These levels can provide insights into market behavior and help traders make informed decisions regarding entry and exit points. Traders often use D/W/M levels to set entry and exit points for trades. For example, entering long positions near support (daily close) or selling near resistance (daily close). Daily levels are used to set stop-loss orders. Placing stops just below the daily close for long positions or above the daily close for short positions can help manage risk. The relationship between price movement and daily levels provides insights into market sentiment. For instance, if the price fails to break above the daily high, it may signify bearish sentiment, while a strong breakout can indicate bullish sentiment. The way these levels are calculated in this indicator is based on finding pivots in the chart on D/W/M timeframe. The level is then set to previous D/W/M close = current D/W/M open. In addition, when price is going up previous D/W/M open must be smaller than previous D/W/M close and current D/W/M close must be smaller than the current D/W/M open. When price is going down the opposite. POINT OF CONTROL The Point of Control (POC) is a key concept in volume profile analysis, which is commonly used in trading. It represents the price level at which the highest volume of trading occurred during a specific period. The POC is derived from the volume traded at various price levels over a defined time frame. In this indicator the timeframes are Daily, Weekly, and Montly. It identifies the price level where the most trades took place, indicating strong interest and activity from traders at that price. The POC often acts as a significant support or resistance level. If the price approaches the POC from above, it may act as a support level, while if approached from below, it can serve as a resistance level. Traders monitor the POC to gauge potential reversals or breakouts. The way the POC is calculated in this indicator is by an approximation by analysing intrabars for the respective timeperiod (D/W/M), assigning the volume for each intrabar into the price-bins that the intrabar covers and finally identifying the bin with the highest aggregated volume. The POC is the price in the middle of this bin. The indicator uses a sample space for intrabars on the Daily timeframe of 15 minutes, 35 minutes for the Weekly timeframe, and 140 minutes for the Monthly timeframe. The indicator has predefined the size of the bins to 0.2% of the price at the range low. That implies that the precision of the calulated POC og VAH/VAL is within 0.2%. This reduction of precision is a tradeoff for performance and speed of the indicator. This also implies that the bigger the difference from range high prices to range low prices the more bins the algorithm will iterate over. This is typically the case when calculating the monthly volume profile levels and especially high volatility assets such as alt coins. Sometimes the number of iterations becomes too big for Trading View to handle. In these cases the bin size will be increased even more to reduce the number of iterations. In such cases the bin size might increase by a factor of 2-3 decreasing the accuracy of the Volume Profile levels. Anyway, since these Volume Profile levels are approximations and since precision is traded for performance the user should consider the Volume profile levels(POC, VAH, VAL) as zones rather than pin point accurate levels. VALUE AREA HIGH/LOW STD1/STD2 The Value Area High (VAH) and Value Area Low (VAL) are important concepts in volume profile analysis, helping traders understand price levels where the majority of trading activity occurs for a given period. The Value Area High/Low is the upper/lower boundary of the value area, representing the highest price level at which a certain percentage of the total trading volume occurred within a specified period. The VAH/VAL indicates the price point above/below which the majority of trading activity is considered less valuable. It can serve as a potential resistance/support level, as prices above/below this level may experience selling/buying pressure from traders who view the price as overvalued/undervalued In this indicator the timeframes are Daily, Weekly, and Monthly. This indicator provides two boundaries that can be selected in the menu. The first boundary is 70% of the total volume (=1 standard deviation from mean). The second boundary is 95% of the total volume (=2 standard deviation from mean). The way VAH/VAL is calculated is based on the same algorithm as for the POC. However instead of identifying the bin with the highest volume, we start from range low and sum up the volume for each bin until the aggregated volume = 30%/70% for VAL1/VAH1 and aggregated volume = 5%/95% for VAL2/VAH2. Then we simply set the VAL/VAH equal to the low of the respective bin. FAIR VALUE GAPS Fair Value Gaps (FVG) is a concept primarily used in technical analysis and price action trading, particularly within the context of futures and forex markets. They refer to areas on a price chart where there is a noticeable lack of trading activity, often highlighted by a significant price movement away from a previous level without trading occurring in between. FVGs represent price levels where the market has moved significantly without any meaningful trading occurring. This can be seen as a "gap" on the price chart, where the price jumps from one level to another, often due to a rapid market reaction to news, events, or other factors. These gaps typically appear when prices rise or fall quickly, creating a space on the chart where no transactions have taken place. For example, if a stock opens sharply higher and there are no trades at the prices in between the two levels, it creates a gap. The areas within these gaps can be areas of liquidity that the market may return to “fill” later on. FVGs highlight inefficiencies in pricing and can indicate areas where the market may correct itself. When the market moves rapidly, it may leave behind price levels that traders eventually revisit to establish fair value. Traders often watch for these gaps as potential reversal or continuation points. Many traders believe that price will eventually “fill” the gap, meaning it will return to those price levels, providing potential entry or exit points. This indicator calculate FVGs on three different timeframes, Daily, Weekly and Montly. In this indicator the FVGs are identified by looking for a three-candle pattern on a chart, signalling a discrete imbalance in order volume that prompts a quick price adjustment. These gaps reflect moments where the market sentiment strongly leans towards buying or selling yet lacks the opposite orders to maintain price stability. The indicator sets the gap to the difference from the high of the first bar to the low of the third bar when price is moving up or from the low of the first bar to the high of the third bar when price is moving down. CME GAPS (BTC only) CME gaps refer to price discrepancies that can occur in charts for futures contracts traded on the Chicago Mercantile Exchange (CME). These gaps typically arise from the fact that many futures markets, including those on the CME, operate nearly 24 hours a day but may have significant price movements during periods when the market is closed. CME gaps occur when there is a difference between the closing price of a futures contract on one trading day and the opening price on the following trading day. This difference can create a "gap" on the price chart. Opening Gaps: These usually happen when the market opens significantly higher or lower than the previous day's close, often influenced by news, economic data releases, or other market events occurring during non-trading hours. Gaps can result from reactions to major announcements or developments, such as earnings reports, geopolitical events, or changes in economic indicators, leading to rapid price movements. The importance of CME Gaps in Trading is the potential for Filling Gaps: Many traders believe that prices often "fill" gaps, meaning that prices may return to the gap area to establish fair value. This can create potential trading opportunities based on the expectation of gap filling. Gaps can act as significant support or resistance levels. Traders monitor these levels to identify potential reversal points in price action. The way the gap is identified in this indicator is by checking if current open is higher than previous bar close when price is moving up or if current open is lower than previous day close when price is moving down. EQUILIBRIUM Equilibrium in finance and trading refers to a state where supply and demand in a market balance each other, resulting in stable prices. It is a key concept in various economic and trading contexts. Here’s a concise description: Market Equilibrium occurs when the quantity of a good or service supplied equals the quantity demanded at a specific price level. At this point, there is no inherent pressure for the price to change, as buyers and sellers are in agreement. Equilibrium Price is the price at which the market is in equilibrium. It reflects the point where the supply curve intersects the demand curve on a graph. At the equilibrium price, the market clears, meaning there are no surplus goods or shortages. In this indicator the equilibrium level is calculated simply by finding the midpoint of the Daily, Weekly, and Montly candles respectively. NOTES 1) Performance. The algorithms are quite resource intensive and the time it takes the indicator to calculate all the levels could be 5 seconds or more, depending on the number of bars in the chart and especially if Montly Volume Profile levels are selected (POC, VAH or VAL). 2) Levels displayed vs the selected chart timeframe. On a timeframe smaller than the daily TF - both Daily, Weekly, and Monthly levels will be displayed. On a timeframe bigger than the daily TF but smaller than the weekly TF - the Weekly and Monthly levels will be display but not the Daily levels. On a timeframe bigger than the weekly TF but smaller than the monthly TF - only the Monthly levels will be displayed. Not Daily and Weekly. CREDITS The core algorithm for calculating the POC levels is based on the indicator "Naked Intrabar POC" developed by rumpypumpydumpy (https:www.tradingview.com/u/rumpypumpydumpy/). The "Naked intrabar POC" indicator calculates the POC on the current chart timeframe. This indicator (Multiple Naked Levels) adds two new features: 1) It calculates the POC on three specific timeframes, the Daily, Weekly, and Monthly timeframes - not only the current chart timeframe. 2) It adds functionaly by calculating the VAL and VAH of the volume profile on the Daily, Weekly, Monthly timeframes .
อินดิเคเตอร์ Pine Script®
โดย alfg
23
FVG Instantaneous Mitigation Signals [LuxAlgo]The FVG Instantaneous Mitigation Signals indicator detects and highlights "instantaneously" mitigated fair value gaps (FVG), that is FVGs that get mitigated one bar after their creation, returning signals upon mitigation. Take profit/stop loss areas, as well as a trailing stop loss are also included to complement the signals. 🔶 USAGE Instantaneous Fair Value Gap mitigation is a new concept introduced in this script and refers to the event of price mitigating a fair value gap one bar after its creation. The resulting signal sentiment is opposite to the bias of the mitigated fair value gap. As such an instantaneously mitigated bearish FGV results in a bullish signal, while an instantaneously mitigated bullish FGV results in a bearish signal. Fair value gap areas subject to instantaneous mitigation are highlighted alongside their average level, this level is extended until reached in a direction opposite to the FVG bias and can be used as a potential support/resistance level. Users can filter out less volatile fair value gaps using the "FVG Width Filter" setting, with higher values highlighting more volatile fair value gaps subject to instantaneous mitigation. 🔹 TP/SL Areas Users can enable take-profit/stop-loss areas. These are displayed upon a new signal formation, with an area starting from the mitigated FVG area average to this average plus/minus N ATRs, where N is determined by their respective multiplier settings. Using a higher multiplier will return more distant areas from the price, requiring longer-term variations to be reached. 🔹 Trailing Stop Loss A trailing-stop loss is included, increasing when the price makes a new higher high or lower low since the trailing has been set. Using a higher trailing stop multiplier will allow its initial position to be further away from the price, reducing its chances of being hit. The trailing stop can be reset on "Every Signal", whether they are bullish or bearish, or only on an "Inverse Signal", which will reset the trailing when a signal of opposite bias is detected, this will preserve an existing trailing stop when a new signal of the same bias to the present one is detected. 🔶 DETAILS Fair Value Gaps are ubiquitous to price action traders. These patterns arise when there exists a disparity between supply and demand. The action of price coming back and filling these imbalance areas is referred to as "mitigation" or "rebalancing". "Instantaneous mitigation" refers to the event of price quickly mitigating a prior fair value gap, which in the case of this script is one bar after their creation. These events are indicative of a market more attentive to imbalances, and more willing to correct disparities in supply and demand. If the market is particularly sensitive to imbalances correction then these can be excessively corrected, leading to further imbalances, highlighting a potential feedback process. 🔶 SETTINGS FVG Width Filter: Filter out FVGs with thinner areas from returning a potential signal. 🔹 TP/SL TP Area: Enable take-profit areas for new signals. Multiplier: Control the distance from the take profit and the price, with higher values returning more distant TP's. SL Area: Enable stop-loss areas for new signals. Multiplier: Control the distance from the stop loss and the price, with higher values returning more distant SL's. 🔹 Trailing Stop Reset Trailing Stop: Determines when the trailing stop is reset. Multiplier: Controls the initial position of the trailing stop, with higher values returning more distant trailing stops.
อินดิเคเตอร์ Pine Script®
โดย LuxAlgo
31
Session Sweeps [LuxAlgo]The Session Sweeps indicator combines ICT-based features for a complete trading methodology involving market sessions, market structure, and fair value gaps to find optimal entry conditions for trading price action. Traders frequently tend to place stop/limit orders at the high and low points of major trading sessions such as Asian (Tokyo), European (London), and North American (New York), resulting in the establishment of liquidity pools at those particular levels. The Session Sweeps indicator is crafted to recognize and underscore occurrences of session sweeps or liquidity sweeps during these major trading sessions. 🔶 USAGE Default settings utilize major forex trading sessions, yet users can select their preferred opening and closing times, rename the sessions, or adjust the colors. It's important to note that the specified times for each session align with the respective local timezones: Asian (Tokyo) UTC+9, European (London) UTC, and North American (New York) UTC-5. If the price briefly crosses either the highest or lowest point of a market session. These movements, aiming at triggering stop losses, suggest potential shifts in the market direction. Detecting such movements is the fundamental purpose and core functionality of the script. 🔹Market Structure Shifts A Market Structure Shift refers to a change in market direction, either from an uptrend to a downtrend or vice versa. A part of a common entry model when using session sweeps is waiting for the formation of a CHoCH after a session sweep. 🔹Fair Value Gaps A Fair Value Gap (FVG) holds particular appeal for price action traders, emerging when there are inefficiencies or imbalances in the market, often a result of uneven buying and selling activity. The underlying concept of FVGs is that the market tends to revisit these inefficiencies before resuming its trajectory in alignment with the initial impulsive move. After the formation of a CHoCH traders can enter a position when the price enters the area of a Fair Value Gap (FVG). 🔹Setup Examples This entry setup is commonly used by ICT traders and is shared for informational & educational purposes only. Long Positions (5-Minute Timeframe): Wait for the previous session's low to be swept. Look for a Bullish Choch. Find a Bullish FVG formed by or before the Choch. Entry Point: At the FVG. Take Profit (TP): At the session high or aim for a 1:2 Risk-Reward Ratio. Stop Loss (SL): At the session low or nearest Swing Low. Take partial profits at intermediate swings, but don’t shift SL prematurely. Short Positions (5-Minute Timeframe): Wait for the previous session's high to be swept. Look for a Bearish Choch. Find a FVG formed by or before the Choch. Entry Point: At the FVG. Take Profit (TP): At the previous session's low or aim for a 1:2 RR. Stop Loss (SL): At the session high or nearest Swing High. Take partial profits at intermediate swings, but don’t shift SL prematurely. 🔶 SETTINGS 🔹Session Sweeps Buyside Sweep Zones, Color, and Margin: toggles the visibility of bullside sweep zones, customizes the associated color, and sets the margin value defining the range of a bullside sweep zone. Sellside Sweep Zones, Color, and Margin: toggles the visibility of sell-side sweep zones, customizes the associated color, and sets the margin value defining the range of a sell-side sweep zone. Sweep Margin Length: specifies the maximum allowed length of a sweep zone invalidation, the length over which the price slightly invalidated the margin range. Detect Sweeps Once per Session: if enabled will detect only once a sweep zone within a session. Hide Fake Sweep Zones, and Color: controls the visibility and color of the fake sweep zones. 🔹Sessions Session (Asia, London, New York AM, and New York PM), Start Time, and End Time: enables or disables the visibility of the named market session range, and customization of the session hours. Color: color customization option of the named session. Extend Max/Min: extends the highest and lowest price levels of the named session until the end of the next enabled session. This option is recommended to be enabled when sweep zone detection is activated to observe the relationship between the sweep zone and previous session extreme levels. Extend Mid: extends the mean price levels of the named session until the end of the next enabled session. The extended line may serve as potential support and resistance levels. Fill: enables/disables background coloring of the named session. New York DST | London DST: enabling this option initiates Daylight Saving Time (DST) for New York or London. Note: Daylight Saving Time is not applied to the Asian (Tokyo) session. Sessions Extreme Lines | Sessions Names: toggles the visibility of the highest and lowest price levels, as well as the names, for all market sessions. Session Lines Width: sets the width of the lines for all sessions. Session Fill Transparency: sets the background color transparency of the range for all sessions. 🔹Market Structure Shifts Market Structure Shifts: toggles the visibility of market structure shifts, also known as change of character (CHoCH). Detection Length: specifies the detection length. Market Structure Shifts; Bull & Bear: color customization options. 🔹Fair Value Gaps Fair Value Gaps: toggles the visibility of the fair value gaps. Fair Value Gap Width Filter: specifies the filtering multiplier; additional details can be found in the tooltip of the respective input option. Bullish & Bearish Imbalance: color customization options. 🔹Sessions Tabular View Sessions Tabular View: toggles the visibility of the tabular view of the sessions, displaying date &time, status, and countdown counter. Hide if not Forex Market Instrument: checks the market and automatically enables/disables the option based on the market instrument. Table Text Size & Position: size and placement customization options 🔶 LIMITATIONS Please be aware that fair value gap filtering cannot be applied to the initial 144 candles (with a fixed-length ATR) as the ATR value necessary for filtering won't be available during this period. 🔶 RELATED SCRIPTS Buyside-Sellside-Liquidity Sessions Liquidity-Voids-FVG Thank you to our community for the recommendation of this script. To explore additional conceptual scripts and related content, we invite you to visit >>> LuxAlgo-Scripts .
อินดิเคเตอร์ Pine Script®
โดย LuxAlgo
27
Smart VWAP FVG SystemSmart VWAP FVG System - Professional Multi-Filter Trading Indicator 📊 OVERVIEW The Smart VWAP FVG System is an advanced multi-layered trading indicator that combines institutional volume analysis, multi-timeframe VWAP trend confirmation, and Fair Value Gap detection to identify high-probability trade entries. This indicator uses a sophisticated filtering mechanism where signals appear only when multiple independent confirmation criteria align simultaneously. Recommended Timeframe: 5-minute (M5) or higher. The indicator works best on M5, M15, and M30 charts for intraday trading. 🎯 ORIGINALITY & PURPOSE This indicator is original because it combines three distinct analytical methods into a unified decision-making system: Market Profile Volume Analysis - Identifies institutional accumulation/distribution zones Dual VWAP Filtering - Confirms trend direction using two independent VWAP calculations Fair Value Gap Detection - Validates institutional interest through price inefficiency zones The key innovation is the directional filter system: the primary Market Profile generates BUY-ONLY or SELL-ONLY states based on higher timeframe value area reversals, which then controls which signals from the main system are displayed. This creates a multi-timeframe confluence that significantly reduces false signals. Unlike simple indicator mashups, each component serves a specific purpose: Market Profile → Direction bias (trend filter) Primary VWAP (Session) → Short-term trend confirmation Secondary VWAP (Week) → Medium-term trend confirmation FVG Detection → Institutional activity validation 🔧 HOW IT WORKS 1. Primary Market Profile Filter (Higher Timeframe) The indicator calculates Market Profile on a higher timeframe (default: 1 hour) to determine the overall market structure: Value Area High (VAH): Top 70% of volume distribution Value Area Low (VAL): Bottom 70% of volume distribution Point of Control (POC): Price level with highest volume When price reaches VAH and reverses down → SELL-ONLY mode activated When price reaches VAL and reverses up → BUY-ONLY mode activated This higher timeframe filter ensures you're trading in the direction of institutional flow. 2. Dual VWAP System Two independent VWAP calculations provide multi-timeframe trend confirmation: Primary VWAP (Session-based): Resets daily, tracks intraday momentum Secondary VWAP (Week-based): Resets weekly, confirms longer-term trend Filter Logic: BUY signals require: Price > Primary VWAP AND Price > Secondary VWAP SELL signals require: Price < Primary VWAP AND Price < Secondary VWAP This dual confirmation prevents counter-trend trades during ranging conditions. 3. Fair Value Gap (FVG) Detection FVG zones identify price inefficiencies where institutional orders were executed rapidly: Bullish FVG: Gap between candle .high and candle .low (upward imbalance) Bearish FVG: Gap between candle .high and candle .low (downward imbalance) The indicator monitors recent FVG formation (lookback: 50 bars) and requires: Bullish FVG present for BUY signals Bearish FVG present for SELL signals FVG zones are displayed as colored boxes and automatically marked as "mitigated" when price fills the gap. 4. Main Trading Signal Logic The secondary Market Profile (default: 1 hour) generates the actual trading signals: BUY Signal Conditions: Price reaches Value Area Low Reversal pattern confirmed (minimum 1 bar) Price > Primary VWAP Price > Secondary VWAP (if filter enabled) Recent Bullish FVG detected (if filter enabled) Primary MP Filter = BUY-ONLY or NEUTRAL SELL Signal Conditions: Price reaches Value Area High Reversal pattern confirmed (minimum 1 bar) Price < Primary VWAP Price < Secondary VWAP (if filter enabled) Recent Bearish FVG detected (if filter enabled) Primary MP Filter = SELL-ONLY or NEUTRAL All conditions must be TRUE simultaneously for a signal to appear. 📈 VISUAL ELEMENTS On Chart: 🟢 Green Triangle (▲) = BUY Signal 🔴 Red Triangle (▼) = SELL Signal 🟦 Blue horizontal lines = Value Area zones 🟡 Yellow line = Point of Control (POC) 🟩 Green boxes = Bullish FVG zones 🟥 Red boxes = Bearish FVG zones 🔵 Blue line = Primary VWAP (Session) ⚪ White line = Secondary VWAP (Week) Info Panel (Top Right): Real-time status display showing: Filter Direction (BUY ONLY / SELL ONLY / NEUTRAL) Active timeframes for both MP filters FVG filter status and count VWAP positions (ABOVE/BELOW) Signal enablement status Alert status ⚙️ KEY SETTINGS MP/TPO Filter Settings (Primary Indicator) MP Filter Time Frame: 60 minutes (controls directional bias) Filter Value Area %: 70% (standard Market Profile calculation) Filter Alert Distance: 1 bar Filter Min Bars for Reversal: 1 bar Filter Alert Zone Margin: 0.01 (1%) FVG Filter Settings Use FVG Filter: Enabled (toggle on/off) FVG Timeframe: 60 minutes (1 hour) FVG Filter Mode: Both (require bullish FVG for BUY, bearish for SELL) FVG Lookback Period: 50 bars (how far back to search) Show FVG Formation Signals: Optional visual markers Max FVG on Chart: 50 zones Show Mitigated FVG: Display filled gaps Market Profile Settings Higher Time Frame: 60 minutes (for main signals) Percent for Value Area: 70% Show POC Line: Enabled Keep Old MPs: Enabled (maintain historical profiles) Primary VWAP Filter Use Primary VWAP Filter: Enabled Primary VWAP Anchor Period: Session (resets daily) Primary VWAP Source: HLC3 (typical price) Secondary VWAP Filter Use Secondary VWAP Filter: Enabled Secondary VWAP Anchor Period: Week (resets weekly) Secondary VWAP Filter Mode: Both Secondary VWAP Line Color: White Trading Signals Show Trading Signals on Chart: Enabled Show SELL Signals: Enabled Show BUY Signals: Enabled Alert Distance: 1 bar Min Bars for Reversal: 1 bar Alert Zone Margin: 0.01 (1%) Retest Search Period: 20 bars Min Bars Between Retests: 5 bars Show Only Retests: Disabled Alert Settings Enable Trading Notifications: Enabled VAH Reversal Alert: Enabled (SELL signals) VAL Reversal Alert: Enabled (BUY signals) Time Filter Settings Filter Alerts By Time: Optional (exclude specific hours) ⚠️ IMPORTANT WARNINGS & LIMITATIONS 1. Repainting Behavior CRITICAL: This indicator uses lookahead=barmerge.lookahead_on to access higher timeframe data immediately for FVG detection. This is necessary to provide real-time FVG zone visualization but has the following implications: FVG zones may shift slightly until the higher timeframe candle closes FVG detection signals are preliminary until HTF bar confirmation The main trading signals (triangles) appear on confirmed bars and do not repaint Best Practice: Always wait for the current timeframe bar to close before acting on signals. The filter status and FVG zones are informational but may adjust as new data arrives. 2. Minimum Timeframe Do NOT use on timeframes below 5 minutes (M5) Recommended: M5, M15, M30 for intraday trading Higher timeframes (H1, H4) can also be used but will generate fewer signals 3. Multiple Filters Can Block Signals By design, this indicator is conservative. When all filters are enabled: Signals appear ONLY when all conditions align You may see extended periods with no signals This is intentional to reduce false positives If you see no signals: Check the Info Panel to see which filters are failing Consider adjusting FVG lookback period Temporarily disable FVG filter to test Verify VWAP filters match current market trend 4. Market Profile Limitations Market Profile requires sufficient volume data Low-volume instruments may produce unreliable profiles Value Areas update only on higher timeframe bar close Works best on liquid markets (major forex pairs, indices, crypto) 📖 HOW TO USE Step 1: Add to Chart Apply indicator to M5 or higher timeframe chart Ensure chart shows volume data Use standard candles (NOT Heikin Ashi, Renko, etc.) Step 2: Configure Settings Primary MP Filter TF: Set to 60 (1 hour) minimum, or 240 (4 hour) for swing trading Main MP TF: Set to 60 (1 hour) for intraday signals FVG Timeframe: Match or exceed main MP timeframe Leave other settings at default initially Step 3: Understand the Info Panel Monitor the top-right panel: FILTER STATUS: Shows current directional bias NEUTRAL = Both signals allowed BUY ONLY = Only green triangles will appear SELL ONLY = Only red triangles will appear FVG Filter: Shows if bullish/bearish gaps detected recently VWAP positions: Confirms trend alignment Step 4: Take Signals For BUY Signal (Green Triangle ▲): Wait for green triangle to appear Check Info Panel shows ✓ for BUY signals Confirm current bar has closed Enter long position Stop loss: Below recent VAL or swing low Target: Previous Value Area High or 1.5-2× risk For SELL Signal (Red Triangle ▼): Wait for red triangle to appear Check Info Panel shows ✓ for SELL signals Confirm current bar has closed Enter short position Stop loss: Above recent VAH or swing high Target: Previous Value Area Low or 1.5-2× risk Step 5: Risk Management Risk per trade: Maximum 1-2% of account equity Position sizing: Adjust based on stop loss distance Avoid trading: During major news events or time filter periods Multiple confirmations: Look for confluence with price action (support/resistance, trendlines) 🎓 UNDERLYING CONCEPTS Market Profile Theory Developed by J. Peter Steidlmayer in the 1980s, Market Profile organizes price and volume data to identify: Value Areas: Where 70% of trading activity occurred POC: Price level with highest acceptance (most volume) Imbalances: When price moves away from value quickly This indicator uses TPO (Time Price Opportunity) calculation method to build the volume profile distribution. VWAP (Volume Weighted Average Price) VWAP represents the average price weighted by volume, showing where institutional traders are positioned: Price above VWAP = Bullish (institutions accumulated lower) Price below VWAP = Bearish (institutions distributed higher) Using dual VWAP (Session + Week) creates multi-timeframe trend alignment. Fair Value Gaps (FVG) Also known as "imbalance" or "inefficiency," FVG occurs when: Price moves so rapidly that a gap forms in the candlestick structure Indicates institutional order flow (large market orders) Price often returns to "fill" these gaps (rebalance) The 3-candle FVG pattern (gap between candle and candle ) is widely used in ICT (Inner Circle Trader) methodology and Smart Money Concepts. 🔍 CREDITS & CODE ATTRIBUTION This indicator builds upon established technical analysis concepts and combines multiple methodologies: 1. Market Profile / TPO Calculation Concept Origin: J. Peter Steidlmayer (Chicago Board of Trade, 1980s) Code Inspiration: TradingView's public domain Market Profile examples Modifications: Custom filtering logic for directional bias, dual timeframe implementation 2. VWAP Calculation Concept Origin: Standard financial instrument (widely used since 1980s) Code Base: TradingView built-in ta.vwap() function (public domain) Modifications: Dual VWAP system with independent anchor periods, custom filtering modes 3. Fair Value Gap Detection Concept Origin: Inner Circle Trader (ICT) / Smart Money Concepts methodology Code Implementation: Original implementation based on 3-candle gap pattern Features: Multi-timeframe detection, automatic mitigation tracking, visual zone display 4. Pine Script Framework Language: Pine Script v6 (TradingView) Built-in Functions Used: ta.vwap() - Volume weighted average price request.security() - Higher timeframe data access ta.change() - Period detection ta.cum() - Cumulative volume time() - Timestamp functions Note: All code is original implementation. While concepts are based on established trading methodologies, the combination, filtering logic, and execution are unique to this indicator. 📊 RECOMMENDED INSTRUMENTS Best Performance: Major Forex Pairs (EURUSD, GBPUSD, USDJPY) Stock Indices (ES, NQ, SPX, DAX) Major Cryptocurrencies (BTCUSD, ETHUSD) Liquid Stocks (high daily volume) Avoid: Low-volume altcoins Illiquid stocks Exotic forex pairs with wide spreads ⚡ PERFORMANCE TIPS Start Conservative: Enable all filters initially Reduce Filters Gradually: If too few signals, disable Secondary VWAP filter first Match Timeframes: Keep MP Filter TF and FVG TF at same value Backtest First: Review historical performance on your preferred instrument/timeframe Combine with Price Action: Look for support/resistance confluence Use Time Filter: Avoid low-liquidity hours (optional setting) 🚫 WHAT THIS INDICATOR DOES NOT DO Does not guarantee profits - No trading system is 100% accurate Does not predict the future - Based on historical patterns Does not replace risk management - Always use stop losses Does not work on all instruments - Requires volume data and liquidity Does not provide exact entry/exit prices - Signals are zones, not precise levels Does not account for fundamentals - Purely technical analysis 📜 DISCLAIMER This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results. Trading Risk Warning: All trading involves risk of loss You can lose more than your initial investment (leverage products) Only trade with capital you can afford to lose Always use appropriate position sizing and risk management Consider seeking advice from a licensed financial advisor Technical Limitations: Indicator may repaint FVG zones until HTF bar closes Signals are based on historical patterns that may not repeat Market conditions change and no system works in all environments Volume data quality varies by exchange/broker By using this indicator, you acknowledge these risks and agree that the author bears no responsibility for trading losses. 📞 SUPPORT & UPDATES Questions? Comment on this publication Issues? Describe the problem with chart screenshot Feature Requests? Suggest improvements in comments Updates: Will be published as new versions using TradingView's update feature 📝 VERSION HISTORY Version 1.0 (Current) Initial public release Multi-filter system: MP + Dual VWAP + FVG Directional bias filter Real-time info panel Comprehensive alert system Time-based filtering Thank you for using Smart VWAP FVG System! Happy Trading! 📈
อินดิเคเตอร์ Pine Script®
โดย Smart-Day-Trader
FVG Premium [no1x]█ OVERVIEW This indicator provides a comprehensive toolkit for identifying, visualizing, and tracking Fair Value Gaps (FVGs) across three distinct timeframes (current chart, a user-defined Medium Timeframe - MTF, and a user-defined High Timeframe - HTF). It is designed to offer traders enhanced insight into FVG dynamics through detailed state monitoring (formation, partial fill, full mitigation, midline touch), extensive visual customization for FVG representation, and a rich alert system for timely notifications on FVG-related events. █ CONCEPTS This indicator is built upon the core concept of Fair Value Gaps (FVGs) and their significance in price action analysis, offering a multi-layered approach to their detection and interpretation across different timeframes. Fair Value Gaps (FVGs) A Fair Value Gap (FVG), also known as an imbalance, represents a range in price delivery where one side of the market (buying or selling) was more aggressive, leaving an inefficiency or an "imbalance" in the price action. This concept is prominently featured within Smart Money Concepts (SMC) and Inner Circle Trader (ICT) methodologies, where such gaps are often interpreted as footprints left by "smart money" due to rapid, forceful price movements. These methodologies suggest that price may later revisit these FVG zones to rebalance a prior inefficiency or to seek liquidity before continuing its path. These gaps are typically identified by a three-bar pattern: Bullish FVG : This is a three-candle formation where the second candle shows a strong upward move. The FVG is the space created between the high of the first candle (bottom of FVG) and the low of the third candle (top of FVG). This indicates a strong upward impulsive move. Bearish FVG : This is a three-candle formation where the second candle shows a strong downward move. The FVG is the space created between the low of the first candle (top of FVG) and the high of the third candle (bottom of FVG). This indicates a strong downward impulsive move. FVGs are often watched by traders as potential areas where price might return to "rebalance" or find support/resistance. Multi-Timeframe (MTF) Analysis The indicator extends FVG detection beyond the current chart's timeframe (Low Timeframe - LTF) to two higher user-defined timeframes: Medium Timeframe (MTF) and High Timeframe (HTF). This allows traders to: Identify FVGs that might be significant on a broader market structure. Observe how FVGs from different timeframes align or interact. Gain a more comprehensive perspective on potential support and resistance zones. FVG State and Lifecycle Management The indicator actively tracks the lifecycle of each detected FVG: Formation : The initial identification of an FVG. Partial Fill (Entry) : When price enters but does not completely pass through the FVG. The indicator updates the "current" top/bottom of the FVG to reflect the filled portion. Midline (Equilibrium) Touch : When price touches the 50% level of the FVG. Full Mitigation : When price completely trades through the FVG, effectively "filling" or "rebalancing" the gap. The indicator records the mitigation time. This state tracking is crucial for understanding how price interacts with these zones. FVG Classification (Large FVG) FVGs can be optionally classified as "Large FVGs" (LV) if their size (top to bottom range) exceeds a user-defined multiple of the Average True Range (ATR) for that FVG's timeframe. This helps distinguish FVGs that are significantly larger relative to recent volatility. Visual Customization and Information Delivery A key concept is providing extensive control over how FVGs are displayed. This control is achieved through a centralized set of visual parameters within the indicator, allowing users to configure numerous aspects (colors, line styles, visibility of boxes, midlines, mitigation lines, labels, etc.) for each timeframe. Additionally, an on-chart information panel summarizes the nearest unmitigated bullish and bearish FVG levels for each active timeframe, providing a quick glance at key price points. █ FEATURES This indicator offers a rich set of features designed to provide a highly customizable and comprehensive Fair Value Gap (FVG) analysis experience. Users can tailor the FVG detection, visual representation, and alerting mechanisms across three distinct timeframes: the current chart (Low Timeframe - LTF), a user-defined Medium Timeframe (MTF), and a user-defined High Timeframe (HTF). Multi-Timeframe FVG Detection and Display The core strength of this indicator lies in its ability to identify and display FVGs from not only the current chart's timeframe (LTF) but also from two higher, user-selectable timeframes (MTF and HTF). Timeframe Selection: Users can specify the exact MTF (e.g., "60", "240") and HTF (e.g., "D", "W") through dedicated inputs in the "MTF (Medium Timeframe)" and "HTF (High Timeframe)" settings groups. The visibility of FVGs from these higher timeframes can be toggled independently using the "Show MTF FVGs" and "Show HTF FVGs" checkboxes. Consistent Detection Logic: The FVG detection logic, based on the classic three-bar imbalance pattern detailed in the 'Concepts' section, is applied consistently across all selected timeframes (LTF, MTF, HTF) Timeframe-Specific Visuals: Each timeframe's FVGs (LTF, MTF, HTF) can be customized with unique colors for bullish/bearish states and their mitigated counterparts. This allows for easy visual differentiation of FVGs originating from different market perspectives. Comprehensive FVG Visualization Options The indicator provides extensive control over how FVGs are visually represented on the chart for each timeframe (LTF, MTF, HTF). FVG Boxes: Visibility: Main FVG boxes can be shown or hidden per timeframe using the "Show FVG Boxes" (for LTF), "Show Boxes" (for MTF/HTF) inputs. Color Customization: Colors for bullish, bearish, active, and mitigated FVG boxes (including Large FVGs, if classified) are fully customizable for each timeframe. Box Extension & Length: FVG boxes can either be extended to the right indefinitely ("Extend Boxes Right") or set to a fixed length in bars ("Short Box Length" or "Box Length" equivalent inputs). Box Labels: Optional labels can display the FVG's timeframe and fill percentage on the box. These labels are configurable for all timeframes (LTF, MTF, and HTF). Please note: If FVGs are positioned very close to each other on the chart, their respective labels may overlap. This can potentially lead to visual clutter, and it is a known behavior in the current version of the indicator. Box Borders: Visibility, width, style (solid, dashed, dotted), and color of FVG box borders are customizable per timeframe. Midlines (Equilibrium/EQ): Visibility: The 50% level (midline or EQ) of FVGs can be shown or hidden for each timeframe. Style Customization: Width, style, and color of the midline are customizable per timeframe. The indicator tracks if this midline has been touched by price. Mitigation Lines: Visibility: Mitigation lines (representing the FVG's opening level that needs to be breached for full mitigation) can be shown or hidden for each timeframe. If shown, these lines are always extended to the right. Style Customization: Width, style, and color of the mitigation line are customizable per timeframe. Mitigation Line Labels: Optional price labels can be displayed on mitigation lines, with a customizable horizontal bar offset for positioning. For optimal label placement, the following horizontal bar offsets are recommended: 4 for LTF, 8 for MTF, and 12 for HTF. Persistence After Mitigation: Users can choose to keep mitigation lines visible even after an FVG is fully mitigated, with a distinct color for such lines. Importantly, this option is only effective if the general setting 'Hide Fully Mitigated FVGs' is disabled, as otherwise, the entire FVG and its lines will be removed upon mitigation. FVG State Management and Behavior The indicator tracks and visually responds to changes in FVG states. Hide Fully Mitigated FVGs: This option, typically found in the indicator's general settings, allows users to automatically remove all visual elements of an FVG from the chart once price has fully mitigated it. This helps maintain chart clarity by focusing on active FVGs. Partial Fill Visualization: When price enters an FVG, the indicator offers a dynamic visual representation: the portion of the FVG that has been filled is shown as a "mitigated box" (typically with a distinct color), while the original FVG box shrinks to clearly highlight the remaining, unfilled portion. This two-part display provides an immediate visual cue about how much of the FVG's imbalance has been addressed and what potential remains within the gap. Visual Filtering by ATR Proximity: To help users focus on the most relevant price action, FVGs can be dynamically hidden if they are located further from the current price than a user-defined multiple of the Average True Range (ATR). This behavior is controlled by the "Filter Band Width (ATR Multiple)" input; setting this to zero disables the filter entirely, ensuring all detected FVGs remain visible regardless of their proximity to price. Alternative Usage Example: Mitigation Lines as Key Support/Resistance Levels For traders preferring a minimalist chart focused on key Fair Value Gap (FVG) levels, the indicator's visualization settings can be customized to display only FVG mitigation lines. This approach leverages these lines as potential support and resistance zones, reflecting areas where price might revisit to address imbalances. To configure this view: Disable FVG Boxes: Turn off "Show FVG Boxes" (for LTF) or "Show Boxes" (for MTF/HTF) for the desired timeframes. Hide Midlines: Disable the visibility of the 50% FVG Midlines (Equilibrium/EQ). Ensure Mitigation Lines are Visible: Keep "Mitigation Lines" enabled. Retain All Mitigation Lines: Disable the "Hide Fully Mitigated FVGs" option in the general settings. Enable the feature to "keep mitigation lines visible even after an FVG is fully mitigated". This ensures lines from all FVGs (active or fully mitigated) remain on the chart, which is only effective if "Hide Fully Mitigated FVGs" is disabled. This setup offers: A Decluttered Chart: Focuses solely on the FVG opening levels. Precise S/R Zones: Treats mitigation lines as specific points for potential price reactions. Historical Level Analysis: Includes lines from past, fully mitigated FVGs for a comprehensive view of significant price levels. For enhanced usability with this focused view, consider these optional additions: The on-chart Information Panel can be activated to display a quick summary of the nearest unmitigated FVG levels. Mitigation Line Labels can also be activated for clear price level identification. A customizable horizontal bar offset is available for positioning these labels; for example, offsets of 4 for LTF, 8 for MTF, and 12 for HTF can be effective. FVG Classification (Large FVG) This feature allows for distinguishing FVGs based on their size relative to market volatility. Enable Classification: Users can enable "Classify FVG (Large FVG)" to identify FVGs that are significantly larger than average. ATR-Based Threshold: An FVG is classified as "Large" if its height (price range) is greater than or equal to the Average True Range (ATR) of its timeframe multiplied by a user-defined "Large FVG Threshold (ATR Multiple)". The ATR period for this calculation is also configurable. Dedicated Colors: Large FVGs (both bullish/bearish and active/mitigated) can be assigned unique colors, making them easily distinguishable on the chart. Panel Icon: Large FVGs are marked with a special icon in the Info Panel. Information Panel An on-chart panel provides a quick summary of the nearest unmitigated FVG levels. Visibility and Position: The panel can be shown/hidden and positioned in any of the nine standard locations on the chart (e.g., Top Right, Middle Center). Content: It displays the price levels of the nearest unmitigated bullish and bearish FVGs for LTF, MTF (if active), and HTF (if active). It also indicates if these nearest FVGs are Large FVGs (if classification is enabled) using a selectable icon. Styling: Text size, border color, header background/text colors, default text color, and "N/A" cell background color are customizable. Highlighting: Background and text colors for the cells displaying the overall nearest bullish and bearish FVG levels (across all active timeframes) can be customized to draw attention to the most proximate FVG. Comprehensive Alert System The indicator offers a granular alert system for various FVG-related events, configurable for each timeframe (LTF, MTF, HTF) independently. Users can enable alerts for: New FVG Formation: Separate alerts for new bullish and new bearish FVG formations. FVG Entry/Partial Fill: Separate alerts for price entering a bullish FVG or a bearish FVG. FVG Full Mitigation: Separate alerts for full mitigation of bullish and bearish FVGs. FVG Midline (EQ) Touch: Separate alerts for price touching the midline of a bullish or bearish FVG. Alert messages are detailed, providing information such as the timeframe, FVG type (bull/bear, Large FVG), relevant price levels, and timestamps. █ NOTES This section provides additional information regarding the indicator's usage, performance considerations, and potential interactions with the TradingView platform. Understanding these points can help users optimize their experience and troubleshoot effectively. Performance and Resource Management Maximum FVGs to Track : The "Max FVGs to Track" input (defaulting to 25) limits the number of FVG objects processed for each category (e.g., LTF Bullish, MTF Bearish). Increasing this value significantly can impact performance due to more objects being iterated over and potentially drawn, especially when multiple timeframes are active. Drawing Object Limits : To manage performance, this script sets its own internal limits on the number of drawing objects it displays. While it allows for up to approximately 500 lines (max_lines_count=500) and 500 labels (max_labels_count=500), the number of FVG boxes is deliberately restricted to a maximum of 150 (max_boxes_count=150). This specific limit for boxes is a key performance consideration: displaying too many boxes can significantly slow down the indicator, and a very high number is often not essential for analysis. Enabling all visual elements for many FVGs across all three timeframes can cause the indicator to reach these internal limits, especially the stricter box limit Optimization Strategies : To help you manage performance, reduce visual clutter, and avoid exceeding drawing limits when using this indicator, I recommend the following strategies: Maintain or Lower FVG Tracking Count: The "Max FVGs to Track" input defaults to 25. I find this value generally sufficient for effective analysis and balanced performance. You can keep this default or consider reducing it further if you experience performance issues or prefer a less dense FVG display. Utilize Proximity Filtering: I suggest activating the "Filter Band Width (ATR Multiple)" option (found under "General Settings") to display only those FVGs closer to the current price. From my experience, a value of 5 for the ATR multiple often provides a good starting point for balanced performance, but you should feel free to adjust this based on market volatility and your specific trading needs. Hide Fully Mitigated FVGs: I strongly recommend enabling the "Hide Fully Mitigated FVGs" option. This setting automatically removes all visual elements of an FVG from the chart once it has been fully mitigated by price. Doing so significantly reduces the number of active drawing objects, lessens computational load, and helps maintain chart clarity by focusing only on active, relevant FVGs. Disable FVG Display for Unused Timeframes: If you are not actively monitoring certain higher timeframes (MTF or HTF) for FVG analysis, I advise disabling their display by unchecking "Show MTF FVGs" or "Show HTF FVGs" respectively. This can provide a significant performance boost. Simplify Visual Elements: For active FVGs, consider hiding less critical visual elements if they are not essential for your specific analysis. This could include box labels, borders, or even entire FVG boxes if, for example, only the mitigation lines are of interest for a particular timeframe. Settings Changes and Platform Limits : This indicator is comprehensive and involves numerous calculations and drawings. When multiple settings are changed rapidly in quick succession, it is possible, on occasion, for TradingView to issue a "Runtime error: modify_study_limit_exceeding" or similar. This can cause the indicator to temporarily stop updating or display errors. Recommended Approach : When adjusting settings, it is advisable to wait a brief moment (a few seconds) after each significant change. This allows the indicator to reprocess and update on the chart before another change is made Error Recovery : Should such a runtime error occur, making a minor, different adjustment in the settings (e.g., toggling a checkbox off and then on again) and waiting briefly will typically allow the indicator to recover and resume correct operation. This behavior is related to platform limitations when handling complex scripts with many inputs and drawing objects. Multi-Timeframe (MTF/HTF) Data and Behavior HTF FVG Confirmation is Essential: : For an FVG from a higher timeframe (MTF or HTF) to be identified and displayed on your current chart (LTF), the three-bar pattern forming the FVG on that higher timeframe must consist of fully closed bars. The indicator does not draw speculative FVGs based on incomplete/forming bars from higher timeframes. Data Retrieval and LTF Processing: The indicator may use techniques like lookahead = barmerge.lookahead_on for timely data retrieval from higher timeframes. However, the actual detection of an FVG occurs after all its constituent bars on the HTF have closed. Appearance Timing on LTF (1 LTF Candle Delay): As a natural consequence of this, an FVG that is confirmed on an HTF (i.e., its third bar closes) will typically become visible on your LTF chart one LTF bar after its confirmation on the HTF. Example: Assume an FVG forms on a 30-minute chart at 15:30 (i.e., with the close of the 30-minute bar that covers the 15:00-15:30 period). If you are monitoring this FVG on a 15-minute chart, the indicator will detect this newly formed 30-minute FVG while processing the data for the 15-minute bar that starts at 15:30 and closes at 15:45. Therefore, the 30-minute FVG will become visible on your 15-minute chart at the earliest by 15:45 (i.e., with the close of that relevant 15-minute LTF candle). This means the HTF FVG is reflected on the LTF chart with a delay equivalent to one LTF candle. FVG Detection and Display Logic Fair Value Gaps (FVGs) on the current chart timeframe (LTF) are detected based on barstate.isconfirmed. This means the three-bar pattern must be complete with closed bars before an FVG is identified. This confirmation method prevents FVGs from being prematurely identified on the forming bar. Alerts Alert Setup : To receive alerts from this indicator, you must first ensure you have enabled the specific alert conditions you are interested in within the indicator's own settings (see 'Comprehensive Alert System' under the 'FEATURES' section). Once configured, open TradingView's 'Create Alert' dialog. In the 'Condition' tab, select this indicator's name, and crucially, choose the 'Any alert() function call' option from the dropdown list. This setup allows the indicator to trigger alerts based on the precise event conditions you have activated in its settings Alert Frequency : Alerts are designed to trigger once per bar close (alert.freq_once_per_bar_close) for the specific event. User Interface (UI) Tips Settings Group Icons: In the indicator settings menu, timeframe-specific groups are marked with star icons for easier navigation: 🌟 for LTF (Current Chart Timeframe), 🌟🌟 for MTF (Medium Timeframe), and 🌟🌟🌟 for HTF (High Timeframe). Dependent Inputs: Some input settings are dependent on others being enabled. These dependencies are visually indicated in the settings menu using symbols like "↳" (dependent setting on the next line), "⟷" (mutually exclusive inline options), or "➜" (directly dependent inline option). Settings Layout Overview: The indicator settings are organized into logical groups for ease of use. Key global display controls – such as toggles for MTF FVGs, HTF FVGs (along with their respective timeframe selectors), and the Information Panel – are conveniently located at the very top within the '⚙️ General Settings' group. This placement allows for quick access to frequently adjusted settings. Other sections provide detailed customization options for each timeframe (LTF, MTF, HTF), specific FVG components, and alert configurations. █ FOR Pine Script® CODERS This section provides a high-level overview of the FVG Premium indicator's internal architecture, data flow, and the interaction between its various library components. It is intended for Pine Script™ programmers who wish to understand the indicator's design, potentially extend its functionality, or learn from its structure. System Architecture and Modular Design The indicator is architected moduarly, leveraging several custom libraries to separate concerns and enhance code organization and reusability. Each library has a distinct responsibility: FvgTypes: Serves as the foundational data definition layer. It defines core User-Defined Types (UDTs) like fvgObject (for storing all attributes of an FVG) and drawSettings (for visual configurations), along with enumerations like tfType. CommonUtils: Provides utility functions for common tasks like mapping user string inputs (e.g., "Dashed" for line style) to their corresponding Pine Script™ constants (e.g., line.style_dashed) and formatting timeframe strings for display. FvgCalculations: Contains the core logic for FVG detection (both LTF and MTF/HTF via requestMultiTFBarData), FVG classification (Large FVGs based on ATR), and checking FVG interactions with price (mitigation, partial fill). FvgObject: Implements an object-oriented approach by attaching methods to the fvgObject UDT. These methods manage the entire visual lifecycle of an FVG on the chart, including drawing, updating based on state changes (e.g., mitigation), and deleting drawing objects. It's responsible for applying the visual configurations defined in drawSettings. FvgPanel: Manages the creation and dynamic updates of the on-chart information panel, which displays key FVG levels. The main indicator script acts as the orchestrator, initializing these libraries, managing user inputs, processing data flow between libraries, and handling the main event loop (bar updates) for FVG state management and alerts. Core Data Flow and FVG Lifecycle Management The general data flow and FVG lifecycle can be summarized as follows: Input Processing: User inputs from the "Settings" dialog are read by the main indicator script. Visual style inputs (colors, line styles, etc.) are consolidated into a types.drawSettings object (defined in FvgTypes). Other inputs (timeframes, filter settings, alert toggles) control the behavior of different modules. CommonUtils assists in mapping some string inputs to Pine constants. FVG Detection: For the current chart timeframe (LTF), FvgCalculations.detectFvg() identifies potential FVGs based on bar patterns. For MTF/HTF, the main indicator script calls FvgCalculations.requestMultiTFBarData() to fetch necessary bar data from higher timeframes, then FvgCalculations.detectMultiTFFvg() identifies FVGs. Newly detected FVGs are instantiated as types.fvgObject and stored in arrays within the main script. These objects also undergo classification (e.g., Large FVG) by FvgCalculations. State Update & Interaction: On each bar, the main indicator script iterates through active FVG objects to manage their state based on price interaction: Initially, the main script calls FvgCalculations.fvgInteractionCheck() to efficiently determine if the current bar's price might be interacting with a given FVG. If a potential interaction is flagged, the main script then invokes methods directly on the fvgObject instance (e.g., updateMitigation(), updatePartialFill(), checkMidlineTouch(), which are part of FvgObject). These fvgObject methods are responsible for the detailed condition checking and the actual modification of the FVG's state. For instance, the updateMitigation() and updatePartialFill() methods internally utilize specific helper functions from FvgCalculations (like checkMitigation() and checkPartialMitigation()) to confirm the precise nature of the interaction before updating the fvgObject’s state fields (such as isMitigated, currentTop, currentBottom, or isMidlineTouched). Visual Rendering: The FvgObject.updateDrawings() method is called for each fvgObject. This method is central to drawing management; it creates, updates, or deletes chart drawings (boxes, lines, labels) based on the FVG's current state, its prev_* (previous bar state) fields for optimization, and the visual settings passed via the drawSettings object. Information Panel Update: The main indicator script determines the nearest FVG levels, populates a panelData object (defined in FvgPanelLib), and calls FvgPanel.updatePanel() to refresh the on-chart display. Alert Generation: Based on the updated FVG states and user-enabled alert settings, the main indicator script constructs and triggers alerts using Pine Script's alert() function." Key Design Considerations UDT-Centric Design: The fvgObject UDT is pivotal, acting as a stateful container for all information related to a single FVG. Most operations revolve around creating, updating, or querying these objects. State Management: To optimize drawing updates and manage FVG lifecycles, fvgObject instances store their previous bar's state (e.g., prevIsVisible, prevCurrentTop). The FvgObject.updateDrawings() method uses this to determine if a redraw is necessary, minimizing redundant drawing calls. Settings Object: A drawSettings object is populated once (or when inputs change) and passed to drawing functions. This avoids repeatedly reading numerous input() values on every bar or within loops, improving performance. Dynamic Arrays for FVG Storage: Arrays are used to store collections of fvgObject instances, allowing for dynamic management (adding new FVGs, iterating for updates).
อินดิเคเตอร์ Pine Script®
โดย no1x
23
FVG Sessions [LuxAlgo]The FVG Sessions indicator highlights the first fair value gap of the trading session as well as the session range. Detected fair value gaps extend to the end of the trading session. Alerts are included on the formation of a session fair value gap, price being within a session fair value gap, mitigations, and price crossing session fair value gaps average. 🔶 USAGE Trader ICT states that the first fair value gap of the trading session can attract the most significant reaction. Having only one FVG per session allows users to further focus on that precise imbalance as well as external elements. The mitigation of a fair value gap is clearly indicated on the chart with a more transparent color allowing users to see inverse FVGs. Extending the fair value gaps allows the imbalance area to provide potential support and resistance. Do note that this script should be used on intraday charts. 🔶 ALERTS The script includes the following alerts: 🔹 Bullish/Bearish FVG Alerts on the formation of the first bullish or bearish FVG of the session. 🔹 Bullish/Bearish FVG Mitigation Alerts when the first bullish or bearish FVG of the session is mitigated. 🔹 Price Within FVG Alerts when price is within the first bullish or bearish FVG area of the session. 🔹 Price Cross FVG Average Alerts when price cross the average level of the first bullish or bearish FVG of the session.
อินดิเคเตอร์ Pine Script®
โดย LuxAlgo
22
Macros ICT KillZones [TradingFinder] Times & Price Trading Setup🔵 Introduction ICT Macros, developed by Michael Huddleston, also known as ICT (Inner Circle Trader), is a powerful trading tool designed to help traders identify the best trading opportunities during key time intervals like the London and New York trading sessions. For traders aiming to capitalize on market volatility, liquidity shifts, and Fair Value Gaps (FVG), understanding and using these critical time zones can significantly improve trading outcomes. In today’s highly competitive financial markets, identifying the moments when the market is seeking buy-side or sell-side liquidity, or filling price imbalances, is essential for maximizing profitability. The ICT Macros indicator is built on the renowned ICT time and price theory, which enables traders to track and leverage key market dynamics such as breaks of highs and lows, imbalances, and liquidity hunts. This indicator automatically detects crucial market times and optimizes strategies for traders by highlighting the specific moments when price movements are most likely to occur. A standout feature of ICT Macros is its automatic adjustment for Daylight Saving Time (DST), ensuring that traders remain synced with the correct session times. This means you can rely on accurate market timing without the need for manual updates, allowing you to focus on capturing profitable trades during critical timeframes. 🔵 How to Use The ICT Macros indicator helps you capitalize on trading opportunities during key market moments, particularly when the market is breaking highs or lows, filling Fair Value Gaps (FVG), or addressing imbalances. This indicator is particularly beneficial for traders who seek to identify liquidity, market volatility, and price imbalances. 🟣 Sessions London Sessions London Macro 1 : UTC Time : 06:33 to 07:00 New York Time : 02:33 to 03:00 London Macro 2 : UTC Time : 08:03 to 08:30 New York Time : 04:03 to 04:30 New York Sessions New York Macro AM 1 : UTC Time : 12:50 to 13:10 New York Time : 08:50 to 09:10 New York Macro AM 2 : UTC Time : 13:50 to 14:10 New York Time : 09:50 to 10:10 New York Macro AM 3 : UTC Time : 14:50 to 15:10 New York Time : 10:50 to 11:10 New York Lunch Macro : UTC Time : 15:50 to 16:10 New York Time : 11:50 to 12:10 New York PM Macro : UTC Time : 17:10 to 17:40 New York Time : 13:10 to 13:40 New York Last Hour Macro : UTC Time : 19:15 to 19:45 New York Time : 15:15 to 15:45 These time intervals adjust automatically based on Daylight Saving Time (DST), helping traders to enter or exit trades during key market moments when price volatility is high. Below are the main applications of this tool and how to incorporate it into your trading strategies : 🟣 Combining ICT Macros with Trading Strategies The ICT Macros indicator can easily be used in conjunction with various trading strategies. Two well-known strategies that can be combined with this indicator include: ICT 2022 Trading Model : This model is designed based on identifying market liquidity, structural price changes, and Fair Value Gaps (FVG). By using ICT Macros, you can identify the key time intervals when the market is seeking liquidity, filling imbalances, or breaking through important highs and lows, allowing you to enter or exit trades at the right moment. Silver Bullet Strategy : This strategy, which is built around liquidity hunting and rapid price movements, can work more accurately with the help of ICT Macros. The indicator pinpoints precise liquidity times, helping traders take advantage of market shifts caused by filling Fair Value Gaps or correcting imbalances. 🟣 Capitalizing on Price Volatility During Key Times Large market algorithms often seek liquidity or fill Fair Value Gaps (FVG) during the intervals marked by ICT Macros. These periods are when price volatility increases, and traders can use these moments to enter or exit trades. For example, if sell-side liquidity is drained and the market fills an imbalance, the price might move toward buy-side liquidity. By identifying these moments, which may also involve breaking a previous high or low, you can leverage rapid market fluctuations to your advantage. 🟣 Identifying Liquidity and Price Imbalances One of the important uses of ICT Macros is identifying points where the market is seeking liquidity and correcting imbalances. You can determine high or low liquidity levels in the market before each ICT Macro, as well as Fair Value Gaps (FVG) and price imbalances that need to be filled, using them to adjust your trading strategy. This capability allows you to manage trades based on liquidity shifts or imbalance corrections without needing a bias toward a specific direction. 🔵 Settings The ICT Macros indicator offers various customization options, allowing users to tailor it to their specific needs. Below are the main settings: Time Zone Mode : You can select one of the following options to define how time is displayed: UTC : For traders who need to work with Universal Time. Session Local Time : The local time corresponding to the London or New York markets. Your Time Zone : You can specify your own time zone (e.g., "UTC-4:00"). Your Time Zone : If you choose "Your Time Zone," you can set your specific time zone. By default, this is set to UTC-4:00. Show Range Time : This option allows you to display the time range of each session on the chart. If enabled, the exact start and end times of each interval are shown. Show or Hide Time Ranges : Toggle on/off for visual clarity depending on user preference. Custom Colors : Set distinct colors for each session, allowing users to personalize their chart based on their trading style.These settings allow you to adjust the key time intervals of each trading session to your preference and customize the time format according to your own needs. 🔵 Conclusion The ICT Macros indicator is a powerful tool for traders, helping them to identify key time intervals where the market seeks liquidity or fills Fair Value Gaps (FVG), corrects imbalances, and breaks highs or lows. This tool is especially valuable for traders using liquidity-based strategies such as ICT 2022 or Silver Bullet. One of the key features of this indicator is its support for Daylight Saving Time (DST), ensuring you are always in sync with the correct trading session timings without manual adjustments. This is particularly beneficial for traders operating across different time zones. With ICT Macros, you can capitalize on crucial market opportunities during sensitive times, take advantage of imbalances, and enhance your trading strategies based on market volatility, liquidity shifts, and Fair Value Gaps.
อินดิเคเตอร์ Pine Script®
โดย TFlab
9
First presented FVG (w/stats) w/statistical hourly ranges & biasOverview This indicator identifies the first Fair Value Gap (FVG) that forms during each hourly session and provides comprehensive statistical analysis based on 12 years of historical NASDAQ (NQ) data. It combines price action analysis with probability-based statistics to help traders make informed decisions. ⚠️ IMPORTANT - Compatibility Market: This indicator is designed exclusively for NASDAQ futures (NQ/MNQ) Timeframe: Statistical data is based on FVGs formed on the 5-minute timeframe FVG Detection: Works on any timeframe, but use 5-minute for accuracy matching the statistical analysis All hardcoded statistics are derived from 12 years of NQ historical data What It Does 1. FVG Detection & Visualization Automatically detects the first FVG (bullish or bearish) that forms each hour Draws colored boxes around FVGs: Blue boxes = Bullish FVG (gap up) Red boxes = Bearish FVG (gap down) FVG boxes extend to the end of the hour Optional midpoint lines show the center of each FVG Uses volume imbalance logic (outside prints) to refine FVG boundaries 2. Hourly Reference Lines Vertical Delimiter: Marks the start of each hour Hourly Open Line: Shows where the current hour opened Expected Range Lines: Projects the anticipated high/low based on historical data Choose between Mean (average) or Median (middle value) statistics Upper range line (teal/green) Lower range line (red) All lines span exactly one hour from the moment it opens Optional labels show price values at line ends 3. Real-Time Statistics Table The table displays live data for the current hour only: Hour: Current hour in 12-hour format (AM/PM) FVG Status: Shows if a Bull FVG, Bear FVG, or no FVG has formed yet Green background = Bullish FVG detected Red background = Bearish FVG detected 1st 15min: Direction of the first 15 minutes (Bullish/Bearish/Neutral/Pending) Continuation %: Historical probability that the hour continues in the first 15-minute direction Color-coded: Green for bullish, red for bearish Avg Range %: Expected percentage range for the current hour (based on 12-year mean) FVG Effect %: Historical probability that FVG direction predicts hourly close direction Shows BISI→Bull % for bullish FVGs Shows SIBI→Bear % for bearish FVGs Blank if no FVG has formed yet Time Left: Countdown timer showing MM:SS remaining in the hour (updates in real-time) Hourly Bias: Historical directional tendency (bullish % or bearish %) H Open: Current hour's opening price Exp Range: Projected price range (Low - High) based on historical average Customization Options Detection Settings: Lower Timeframe Selection (15S, 1min, 5min) - controls FVG detection granularity Display Settings: FVG box colors (bullish/bearish) Midpoint lines (show/hide, color, style) Table Settings: Position (9 locations: corners, edges, center) Text size (Tiny, Small, Normal, Large) Hourly Lines: Toggle each line type on/off Hour delimiter (color, width) Open line (color, width, style) Range lines (color, width, style) Choose Mean or Median statistics for range calculation Show/hide labels with customizable text size How to Use Apply to NQ futures chart (NQ1! or MNQ1!) Set chart to 5-minute timeframe for optimal FVG detection matching the statistical data Watch for the first FVG to form each hour Reference the table for probability-based decision support: High continuation % = strong directional bias FVG Effect % shows reliability of the FVG signal Time Left helps manage entries/exits within the hour Use range lines as potential targets or reversal zones Statistical Foundation All statistics are derived from: 12 years of NASDAQ (NQ) historical data Hourly analysis of FVG formation patterns First 15-minute directional analysis Mean and Median calculations for range expectations Data encompasses 2,400+ samples per hour Best Practices ✅ Use on NQ/MNQ futures only ✅ Best on 5-minute charts (matches statistical data) ✅ Combine FVG signals with continuation probabilities ✅ Use range lines as potential profit targets ✅ Watch the countdown timer for hour-end setups ❌ Do not use on other markets (statistics won't apply) ❌ Avoid using during low-liquidity hours (5PM ET has minimal data) Technical Notes Timezone: America/New_York (EST/EDT) Weekend filtering: Automatically hides data during market closure Updates in real-time on live bars Maximum 500 boxes/lines for performance FVG detection includes volume imbalance (body gap) refinement Credits Statistical analysis based on 12 years of NASDAQ historical data. FVG detection methodology follows ICT concepts with volume imbalance refinement. Disclaimer: This indicator provides statistical analysis based on historical data. Past performance does not guarantee future results. Always use proper risk management. Would you like me to adjust any section or add/remove anything?6-9 Session & Levels - Customizable Range Analysis Indicator Description: This indicator provides comprehensive session-based range analysis designed for intraday traders. It calculates and displays key levels based on a customizable session period (default 6:00-9:00 AM ET). Core Features: Sespastedthis is a summary for another indicator- i was hoping for something more like this in terms of content etc22:23Architected comprehensive indicator summary matching professional documentation style.The user wants me to rewrite the summary for their FVG indicator in a similar style to the example provided. The example is more structured, detailed, and professional. Let me create a comprehensive summary that follows that format: Clear title Description/Overview Core Features (broken down into sections) Input Settings Explained (detailed breakdown of all customization options) How It Works section Use Case Note/Disclaimer Let me make it thorough and match the style while being accurate to their indicator's functionality.Here's a detailed summary in that format: Every Hour 1st FVG with Statistical Analysis - NASDAQ Hourly Trading Intelligence Description: This indicator identifies the first Fair Value Gap (FVG) that forms during each hourly session and provides comprehensive probability-based statistical analysis derived from 12 years of NASDAQ (NQ) historical data. It combines real-time FVG detection with hardcoded statistical probabilities to help intraday traders make informed decisions based on historical patterns and hourly price action dynamics. IMPORTANT: This indicator is specifically calibrated for NASDAQ futures (NQ/MNQ) only. All statistical data is derived from 12 years of NQ historical analysis with FVGs detected on the 5-minute timeframe. Using this indicator on other markets will produce invalid statistical results. Core Features: FVG Detection & Visualization Automatically detects and displays the first Fair Value Gap (bullish or bearish) that forms within each hourly session Color-coded boxes mark FVG zones: Blue for bullish FVGs (gap up), Red for bearish FVGs (gap down) FVG boxes extend precisely to the end of the hour boundary Optional midpoint lines show the center point of each FVG Uses volume imbalance logic (outside prints) to refine FVG boundaries beyond simple wick-to-wick gaps Supports both chart timeframe detection and lower timeframe detection via request.security_lower_tf Hourly Reference Lines Vertical Hour Delimiter: Marks the exact start of each new hour with an extendable vertical line Hourly Open Line: Displays the opening price of the current hour Expected Range Lines: Projects anticipated high and low levels based on 12 years of statistical data Choose between Mean (average) or Median (middle value) calculations Upper range line shows expected high Lower range line shows expected low All lines span exactly one hour from open to close Optional labels display exact price values at the end of each line Real-Time Statistics Table Displays comprehensive live data for the current hour only: Hour: Current hour in 12-hour format (e.g., "9AM", "2PM") FVG Status: Shows detection state with color coding "None Yet" (white background) - No FVG detected "Bull FVG" (green background) - Bullish FVG identified "Bear FVG" (red background) - Bearish FVG identified 1st 15min: Direction of first 15 minutes (Bullish/Bearish/Neutral/Pending) Continuation %: Historical probability that the hour closes in the direction of the first 15 minutes Green background with up arrow (↑) for bullish continuation probability Red background with down arrow (↓) for bearish continuation probability Avg Range %: Expected percentage range for the current hour based on 12-year mean FVG Effect %: Historical effectiveness of FVG directional prediction Shows "BISI→Bull %" for bullish FVGs (gap up predicting bullish hourly close) Shows "SIBI→Bear %" for bearish FVGs (gap down predicting bearish hourly close) Displays blank if no FVG has formed yet Time Left: Real-time countdown timer showing minutes and seconds remaining in the hour (MM:SS format) Hourly Bias: Historical directional tendency showing bullish or bearish percentage bias H Open: Current hour's opening price Exp Range: Projected price range showing "Low - High" based on selected statistic (mean or median) Input Settings Explained: Detection Settings Lower Timeframe: Select the base timeframe for FVG detection Options: 15S (15 seconds), 1 (1 minute), 5 (5 minutes) Recommendation: Use 5-minute to match the statistical data sample The indicator uses this timeframe to scan for FVG patterns even when viewing higher timeframes Display Settings Bullish FVG Color: Set the color and transparency for bullish (upward) FVG boxes Bearish FVG Color: Set the color and transparency for bearish (downward) FVG boxes Show Midpoint Lines: Toggle horizontal lines at the center of each FVG box Midpoint Line Color: Customize the midpoint line color Midpoint Line Style: Choose between Solid, Dotted, or Dashed line styles Table Settings Table Position: Choose from 9 locations: Top: Left, Center, Right Middle: Left, Center, Right Bottom: Left, Center, Right Table Text Size: Select from Tiny, Small, Normal, or Large for readability on different screen sizes Hourly Lines Settings Show Hourly Lines: Master toggle for all hourly reference lines Show Hour Delimiter: Toggle the vertical line marking each hour's start Delimiter Color: Customize color and transparency Delimiter Width: Set line thickness (1-5) Show Hourly Open: Toggle the horizontal line at the hour's opening price Open Line Color: Customize color Open Line Width: Set thickness (1-5) Open Line Style: Choose Solid, Dashed, or Dotted Show Range Lines: Toggle the expected high/low projection lines Range Statistic: Choose "Mean" (12-year average) or "Median" (12-year middle value) Range High Color: Customize upper range line color and transparency Range Low Color: Customize lower range line color and transparency Range Line Width: Set thickness (1-5) Range Line Style: Choose Solid, Dashed, or Dotted Show Line Labels: Toggle price labels at the end of all horizontal lines Label Text Size: Choose Tiny, Small, or Normal How It Works: FVG Detection Logic: The indicator scans price action on the selected lower timeframe (default: 1-minute) looking for Fair Value Gaps using a 3-candle pattern: Bullish FVG: Formed when candle 's high is below candle 's low, creating an upward gap Bearish FVG: Formed when candle 's low is above candle 's high, creating a downward gap The detection is refined using volume imbalance logic by checking for body gaps (outside prints) on both sides of the middle candle. This narrows the FVG zone to areas where bodies don't touch, indicating stronger imbalances. Only the first FVG that forms during each hour is displayed. If a bullish FVG forms first, it takes priority. The FVG box is drawn from the formation time through to the end of the hour. Statistical Analysis: All probability statistics are hardcoded from 12 years (2,400+ samples per hour) of NASDAQ futures analysis: First 15-Minute Direction: At 15 minutes into each hour, the indicator determines if price closed above, below, or equal to the hour's opening price Continuation Probability: Historical analysis shows the likelihood that the hour closes in the same direction as the first 15 minutes Example: If 9AM's first 15 minutes are bullish, there's a 60.1% chance the entire 9AM hour closes bullish (lowest continuation hour) 4PM shows the highest continuation at 86.1% for bullish first 15 minutes FVG Effectiveness: Tracks how often the first FVG's direction correctly predicts the hourly close direction BISI (Bullish Imbalance/Sell-side Inefficiency) → Bullish close probability SIBI (Bearish Imbalance/Buy-side Inefficiency) → Bearish close probability Range Expectations: Mean and median values represent typical price movement percentage for each hour 9AM and 10AM show the largest ranges (~0.6%) 5PM shows minimal range (~0.06%) due to low liquidity Hourly Reference Lines: When each new hour begins: Vertical delimiter marks the hour's start Hourly open line plots at the first bar's opening price Range projection lines calculate expected high/low: Upper Range = Hourly Open + (Range% / 100 × Hourly Open) Lower Range = Hourly Open - (Range% / 100 × Hourly Open) Lines extend exactly to the hour's end time Labels appear at line endpoints showing exact prices Real-Time Updates: FVG Status: Updates immediately when the first FVG forms First 15min Direction: Locked in at the 15-minute mark Countdown Timer: Uses timenow to update every second Table Statistics: Refresh on every bar close Timezone Handling: All times are in America/New_York (Eastern Time) Automatically filters weekend periods (Saturday and Sunday before 6PM) Hour detection accounts for daylight saving time changes Use Cases: Intraday Trading Strategy Development: FVG Entry Signals: Use the first hourly FVG as a directional bias Bullish FVG + High continuation % = Strong long setup Bearish FVG + High continuation % = Strong short setup First 15-Minute Breakout: Combine first 15-min direction with continuation probabilities Wait for first 15 minutes to complete If continuation % is above 70%, trade in that direction Example: 4PM bullish first 15 min = 86.1% chance hour closes bullish Range Targeting: Use expected high/low lines as profit targets or reversal zones Price approaching mean high = potential resistance Price approaching mean low = potential support Compare mean vs median for different risk tolerance (median is more conservative) Hour Selection: Focus trading on hours with: High FVG effectiveness (11AM: 81.5% BISI→Bull) High continuation rates (4PM: 86.1% bull continuation) Avoid low-continuation hours like 9AM (60.1%) Time Management: Use the countdown timer to: Enter early in the hour when FVG forms Exit before hour-end if no follow-through Avoid late-hour entries with <15 minutes remaining Statistical Edge Identification: Compare current hour's FVG against historical effectiveness Identify when first 15-min direction contradicts FVG direction (conflict = caution) Use hourly bias to confirm or contradict FVG signals Monitor if price stays within expected range or breaks out (outlier moves) Risk Management: Expected range lines provide logical stop-loss placement FVG Effect % helps size positions (higher % = larger position) Time Left countdown aids in time-based stop management Avoid trading hours with neutral bias or low continuation rates Statistical Foundation: All embedded statistics are derived from: 12 years of NASDAQ futures (NQ) continuous contract data 5-minute timeframe FVG detection methodology 24 hours per day analysis (excluding weekends) 2,400+ samples per hour for robust statistical validity America/New_York timezone for session alignment Data includes: Hourly range analysis (mean, median, standard deviation) First 15-minute directional analysis FVG formation frequency and effectiveness Continuation probability matrices Bullish/bearish bias percentages Best Practices: ✅ Do: Use exclusively on NASDAQ futures (NQ1! or MNQ1!) Apply on 5-minute charts for optimal FVG detection matching statistical samples Wait for first 15 minutes to complete before acting on continuation probabilities Combine FVG signals with continuation % and FVG Effect % for confluence Use expected range lines as initial profit targets Monitor the countdown timer for time-based trade management Focus on hours with high statistical edges (4PM, 11AM, 10AM) ❌ Don't: Use on other markets (ES, RTY, YM, stocks, forex, crypto) - statistics will be invalid Rely solely on FVG without confirming with continuation probabilities Trade during low-liquidity hours (5PM shows only 0.06% average range) Ignore the first 15-minute direction when it conflicts with FVG direction Apply to timeframes significantly different from 5-minute for FVG detection Use median range expectations aggressively (they're conservative) Technical Implementation Notes: Timezone: Fixed to America/New_York with automatic DST adjustment Weekend Filtering: Automatically hides data Saturday and Sunday before 6PM ET Performance: Maximum 500 boxes and 500 lines for optimal chart rendering Update Frequency: Table updates on every bar close; timer updates every second using timenow FVG Priority: Bullish FVGs take precedence when both form simultaneously Lower Timeframe Detection: Uses request.security_lower_tf for accurate sub-chart-timeframe FVG detection Precision: All price labels use format.mintick for appropriate decimal precision Big thanks to @Trades-Dont-Lie for the FPFVG code in his excellent indicator that I've used here
อินดิเคเตอร์ Pine Script®
โดย lucymatos
9
Every Hour 1st/Last FVG vTDL OVERVIEW - Shoutout to Micheal J. Huddleston aka ICT This indicator identifies the first Fair Value Gap (FVG) that forms within each trading hour, providing traders with potential entry zones, reversal points, and unmitigated gap targets. Based on the concept that the first presented FVG of each hour represents a significant price delivery array where institutional order flow occurred. The indicator detects FVGs on a lower timeframe (1-minute default) and displays them as boxes on your chart, tracking which gaps get filled and which remain open as potential draw-on-liquidity targets. WHAT IS A FAIR VALUE GAP A Fair Value Gap is a 3-candle price pattern representing an imbalance between buyers and sellers: Bullish FVG: Forms when candle 3's low is above candle 1's high, leaving a gap Bearish FVG: Forms when candle 3's high is below candle 1's low, leaving a gap These gaps often act as magnets for price, which tends to return and "fill" the imbalance before continuing. They function as dynamic support and resistance zones. KEY FEATURES Detection Types FVG: Standard fair value gap detection with volume imbalance expansion Suspension FVG Blocks: Requires outside prints on both sides for more refined signals Hourly Display Modes First Only: Shows whichever FVG appears first each hour (bullish or bearish) Show Both: Shows first bullish AND first bearish FVG independently each hour Last FVG Tracking Optionally display the last FVG of each hour Useful for comparing how the hour developed Can extend into the next hour for continued tracking Breakaway Gap Detection Gaps not traded into during their formation hour extend forward Extended gaps display labels showing formation time and date These unmitigated gaps become price targets and reversal zones Gap Fill Modes Touch Box: Marks filled when price enters the gap Touch Midpoint: Marks filled when price reaches the 50 percent level Fill Completely: Marks filled when price fills the entire gap with visual progress HOW TO USE Entry Points The first FVG of each hour provides potential entry zones based on price reaction: When price returns to an FVG and shows rejection, enter in the direction of rejection The gap zone represents where institutional orders likely reside Use the boundaries of the gap for stop loss placement A clean rejection of the zone confirms it as valid support or resistance Reversal Points Unmitigated gaps that extend beyond their formation hour are high-probability reaction zones: Extended boxes with labels indicate unfilled gaps When price finally reaches these zones, expect a reaction The longer a gap remains unfilled, the stronger the expected response These zones act as magnets drawing price back to them Price Targets Use unmitigated gaps as draw-on-liquidity targets: Look for extended boxes above or below current price Price tends to seek out and fill imbalances The midpoint line often serves as a minimum target Multiple unfilled gaps in one direction suggest strong momentum potential FRAMING DIRECTIONAL BIAS The first presented FVG of each hour acts as a support or resistance zone. The direction of the FVG itself does not determine bias - it is how price reacts to that FVG that reveals the true market intention. Reading Price Reaction Price respects a bullish FVG as support and bounces higher = bullish bias confirmed Price respects a bearish FVG as resistance and rejects lower = bearish bias confirmed Price fails to hold a bullish FVG and breaks through = potential inversion, look for shorts Price fails to hold a bearish FVG and breaks through = potential inversion, look for longs Inversion Fair Value Gaps (IFVG) When price trades through an FVG and closes beyond it, that gap can invert its role: A bullish FVG that fails becomes resistance - use it as a short entry zone A bearish FVG that fails becomes support - use it as a long entry zone The inversion signals a shift in control from one side to the other Watch for price to retest the inverted gap before continuing Support and Resistance Framework Think of each hourly first FVG as a key level: Price above the FVG: the gap acts as potential support Price below the FVG: the gap acts as potential resistance Watch how price behaves when it returns to the gap zone A clean rejection confirms the level; a break through signals inversion SHORT-TERM SCALPING APPLICATION These FVGs provide scalping opportunities each hour: Identify the first FVG of the hour as your key level Wait for price to trade away from it and return Observe the reaction at the gap zone Enter in the direction of the reaction with tight risk Target the next FVG, midpoint, or nearby liquidity Trade Management Use the opposite side of the FVG box as your stop loss zone The midpoint of the gap often provides first target or decision point Scale out at nearby unmitigated gaps or key levels If the gap inverts, flip your bias and look for entries in the new direction MULTI-HOUR CONTEXT If price consistently respects FVGs as support across hours = uptrend context If price consistently respects FVGs as resistance across hours = downtrend context If FVGs keep inverting = choppy or transitional market Use higher timeframe direction to filter which reactions to trade Compare first and last FVG of each hour to see how momentum developed SESSION FILTERING The indicator automatically excludes unreliable periods: 4 PM to 5 PM New York time (market close hours 16-17) Weekend closed periods (Saturday and Sunday before 6 PM) All timestamps use New York timezone for consistency with futures market hours. SETTINGS GUIDE Detection Settings Detection Type: Choose between standard FVG or Suspension FVG Blocks Lower Timeframe: 15 seconds, 1 minute, or 5 minutes for gap detection Min FVG Size: Minimum gap size in ticks to filter noise Display Settings Hourly Display Mode: First Only shows one gap per hour; Show Both shows first bull and bear Show First FVG: Toggle visibility of first FVG boxes Show Last FVG: Toggle visibility of last FVG boxes Show Midpoint Lines: Display the 50 percent level of each gap Show Unfilled Breakaway Gaps: Extend boxes until price fills them Show Only Today: Reduce clutter by hiding older hourly boxes Gap Fill Detection Mode Touch Box: Gap marked filled when price enters the zone Touch Midpoint: Gap marked filled when price reaches 50 percent level Fill Completely: Gap marked filled only when fully closed, shows visual fill progress Recommended Settings by Style Scalping: 1 minute LTF, 4 tick minimum, Show Both mode, Touch Box fill Day Trading: 1 minute LTF, 4-8 tick minimum, First Only mode, Touch Midpoint fill Swing Context: 5 minute LTF, Show Unfilled Gaps enabled, Fill Completely mode COLOR CODING Blue boxes: First bullish FVG of the hour Red boxes: First bearish FVG of the hour Green boxes: Last bullish FVG of the hour Orange boxes: Last bearish FVG of the hour Black midpoint lines: 50 percent level of each gap Filled portion overlay: Shows visual progress in Fill Completely mode All colors are fully customizable in the settings menu. PRACTICAL TIPS The first FVG of each hour is a hidden PD array - treat it as a significant level Not every gap produces a tradeable reaction - wait for confirmation Gaps that remain unfilled for multiple hours carry more weight Use the Show Both mode to see both bullish and bearish opportunities each hour When multiple gaps cluster in one zone, that area becomes even more significant Inversions are powerful signals - a failed level often leads to acceleration NOTES Works on any instrument and timeframe Best used on intraday charts (1 minute to 15 minute) viewing 1 minute LTF gaps Combine with higher timeframe analysis for confluence These are probability zones, not guarantees - always use proper risk management The indicator handles HTF to LTF data fetching automatically
อินดิเคเตอร์ Pine Script®
โดย Trades-Dont-Lie
3
IFVG by Toño# IFVG by Toño - Pine Script Indicator ## Overview This Pine Script indicator identifies and visualizes **Fair Value Gaps (FVG)** and **Inverted Fair Value Gaps (IFVG)** on trading charts. It provides advanced analysis of price inefficiencies and their subsequent inversions when mitigated. ## Key Features ### 1. Fair Value Gap (FVG) Detection - **Bullish FVG**: Detected when `low > high ` (gap between current low and high of 2 bars ago) - **Bearish FVG**: Detected when `high < low ` (gap between current high and low of 2 bars ago) - Visual representation using colored rectangles (green for bullish, red for bearish) ### 2. Inverted Fair Value Gap (IFVG) Creation - **IFVG Formation**: When a FVG gets mitigated (price fills the gap with candle body), an IFVG is created - **Color Inversion**: The IFVG takes the opposite color of the original FVG - Mitigated bullish FVG → Creates red (bearish) IFVG - Mitigated bearish FVG → Creates green (bullish) IFVG - **Mitigation Logic**: Uses only candle body (not wicks) to determine when a FVG is filled ### 3. Customizable Display Options - **Show Normal FVG**: Toggle visibility of regular Fair Value Gaps - **Show IFVG**: Toggle visibility of Inverted Fair Value Gaps - **Smart FVG Display**: Even when "Show Normal FVG" is disabled, FVGs that are part of IFVGs remain visible - **Extension Control**: Option to extend FVGs until they are mitigated ### 4. IFVG Extension Methods - **Full Cross Method**: IFVG remains active until price completely crosses through it (including wicks) - **Number of Bars Method**: IFVG remains active for a specified number of bars (1-100) ### 5. Visual Mitigation Signals - **Cross Markers**: Shows X-shaped markers when IFVGs are mitigated - Green cross above bar: Bearish IFVG mitigated - Red cross below bar: Bullish IFVG mitigated ### 6. Comprehensive Alert System - **IFVG Formation Alerts**: Notifications when new IFVGs are created - **IFVG Mitigation Alerts**: Notifications when IFVGs are filled/mitigated - **Separate Controls**: Individual toggles for bullish and bearish IFVG alerts ## How It Works ### Step-by-Step Process: 1. **FVG Detection**: Script continuously scans for 3-bar patterns that create price gaps 2. **FVG Tracking**: Each FVG is stored with its coordinates, type, and status 3. **Mitigation Monitoring**: Script watches for candle bodies that fill the FVG 4. **IFVG Creation**: Upon mitigation, creates an IFVG with opposite polarity at the same location 5. **IFVG Management**: Tracks and extends IFVGs according to chosen method 6. **Visual Updates**: Dynamically updates colors and visibility based on user settings ## Use Cases - **Support/Resistance Analysis**: IFVGs often act as strong support/resistance levels - **Market Structure Understanding**: Helps identify how market inefficiencies get filled and reversed - **Entry/Exit Timing**: Can be used to time entries around IFVG formations or mitigations - **Confluence Analysis**: Combine with other technical analysis tools for stronger signals ## Configuration Parameters - **Colors**: Customizable colors for bullish/bearish FVGs and IFVGs - **Extension**: Choose how long to display gaps on the chart - **Alerts**: Full control over notification preferences - **Visual Clarity**: Options to show/hide different gap types for cleaner charts ## Technical Specifications - **Pine Script Version**: 5 - **Overlay**: True (displays directly on price chart) - **Max Boxes**: 500 (supports up to 500 simultaneous gaps) - **Performance**: Optimized array management for smooth operation This indicator is particularly valuable for traders who use **Smart Money Concepts (SMC)** and **Inner Circle Trader (ICT)** methodologies, as it provides clear visualization of how institutional order flow creates and fills market inefficiencies.
อินดิเคเตอร์ Pine Script®
โดย saguilera1983
Inverse FVG with Quadrants [Modified]# Inverse FVG with Quadrants *Modified version of original indicator by **tradeforopp** ## Overview This advanced Fair Value Gap (FVG) indicator identifies both regular and inverse fair value gaps with precision, displaying them in a visually intuitive quadrant-based system. The enhanced version now features automatic timeframe selection that aligns higher timeframe FVGs with your current chart period for multi-timeframe analysis. ## Key Features ### 🔹 Fair Value Gap Detection - **Regular FVGs**: Identifies traditional bullish and bearish fair value gaps - **Inverse FVGs**: Automatically detects and displays inverse fair value gaps when price closes through a regular FVG - **Quadrant Display**: Shows only the relevant half of each FVG for cleaner visual analysis (upper quadrant for bullish patterns, lower quadrant for bearish) ### 🔹 Smart Timeframe Management - **Auto Timeframe Selection**: Automatically selects the appropriate higher timeframe based on your current chart: - 1min → 15min - 3min → 30min - 5min → 1h - 15min → 4h - 1h → Daily - 4h → Weekly - **Manual Override**: Optional manual timeframe selection still available ### 🔹 Visual Customization - Adjustable colors for both regular and inverse FVGs - Optional box extension - Customizable display limits to prevent chart clutter - Session filtering capabilities ### 🔹 Trading Signals - FVGs provide potential support/resistance zones and price targets - Inverse FVGs offer confirmation of trend continuation or reversal - Alert conditions for new FVG creation, regular FVG, and inverse FVG events ## How to Use 1. Apply the indicator to your chart 2. Enable "Auto Timeframe Selection" for multi-timeframe analysis (recommended) 3. Adjust displacement settings to filter for more significant FVGs 4. Use regular FVGs as potential zones where price may return to fill the gap 5. Watch for inverse FVGs as confirmation signals when price breaks through regular FVGs This refined indicator combines powerful FVG analysis with automatic timeframe alignment to provide traders with clear, actionable insights across multiple timeframes. Perfect for both intraday traders and swing traders looking for high-probability entry and exit points. Credits to @tradeforopp for creating the original version of this indicator. This is a modified version with enhanced features while preserving the core functionality. ## Tips - Blue boxes (FVG+) indicate bullish fair value gaps (potential support) - Red boxes (FVG-) indicate bearish fair value gaps (potential resistance) - When price closes through an FVG, watch for the inverse FVG as a confirmation signal - Use the dashed centerline as a potential target within each FVG
อินดิเคเตอร์ Pine Script®
โดย Omarqqq
13
lib_smcLibrary "lib_smc" This is an adaptation of LuxAlgo's Smart Money Concepts indicator with numerous changes. Main changes include integration of object based plotting, plenty of performance improvements, live tracking of Order Blocks, integration of volume profiles to refine Order Blocks, and many more. This is a library for developers, if you want this converted into a working strategy, let me know. buffer(item, len, force_rotate)   Parameters:      item (float)      len (int)      force_rotate (bool) buffer(item, len, force_rotate)   Parameters:      item (int)      len (int)      force_rotate (bool) buffer(item, len, force_rotate)   Parameters:      item (Profile type from robbatt/lib_profile/32)      len (int)      force_rotate (bool) swings(len)   INTERNAL: detect swing points (HH and LL) in given range   Parameters:      len (simple int) : range to check for new swing points   Returns: values are the price level where and if a new HH or LL was detected, else na method init(this)   Namespace types: OrderBlockConfig   Parameters:      this (OrderBlockConfig) method delete(this)   Namespace types: OrderBlock   Parameters:      this (OrderBlock) method clear_broken(this, broken_buffer)   INTERNAL: delete internal order blocks box coordinates if top/bottom is broken   Namespace types: map   Parameters:      this (map)      broken_buffer (map)   Returns: any_bull_ob_broken, any_bear_ob_broken, broken signals are true if an according order block was broken/mitigated, broken contains the broken block(s) create_ob(id, mode, start_t, start_i, top, end_t, end_i, bottom, break_price, early_confirmation_price, config, init_plot, force_overlay)   INTERNAL: set internal order block coordinates   Parameters:      id (int)      mode (int) : 1: bullish, -1 bearish block      start_t (int)      start_i (int)      top (float)      end_t (int)      end_i (int)      bottom (float)      break_price (float)      early_confirmation_price (float)      config (OrderBlockConfig)      init_plot (bool)      force_overlay (bool)   Returns: signals are true if an according order block was broken/mitigated method align_to_profile(block, align_edge, align_break_price)   Namespace types: OrderBlock   Parameters:      block (OrderBlock)      align_edge (bool)      align_break_price (bool) method create_profile(block, opens, tops, bottoms, closes, values, resolution, vah_pc, val_pc, args, init_calculated, init_plot, force_overlay)   Namespace types: OrderBlock   Parameters:      block (OrderBlock)      opens (array)      tops (array)      bottoms (array)      closes (array)      values (array)      resolution (int)      vah_pc (float)      val_pc (float)      args (ProfileArgs type from robbatt/lib_profile/32)      init_calculated (bool)      init_plot (bool)      force_overlay (bool) method create_profile(block, resolution, vah_pc, val_pc, args, init_calculated, init_plot, force_overlay)   Namespace types: OrderBlock   Parameters:      block (OrderBlock)      resolution (int)      vah_pc (float)      val_pc (float)      args (ProfileArgs type from robbatt/lib_profile/32)      init_calculated (bool)      init_plot (bool)      force_overlay (bool) track_obs(swing_len, hh, ll, top, btm, bull_bos_alert, bull_choch_alert, bear_bos_alert, bear_choch_alert, min_block_size, max_block_size, config_bull, config_bear, init_plot, force_overlay, enabled, extend_blocks, clear_broken_buffer_before, align_edge_to_value_area, align_break_price_to_poc, profile_args_bull, profile_args_bear, use_soft_confirm, soft_confirm_offset, use_retracements_with_FVG_out)   Parameters:      swing_len (int)      hh (float)      ll (float)      top (float)      btm (float)      bull_bos_alert (bool)      bull_choch_alert (bool)      bear_bos_alert (bool)      bear_choch_alert (bool)      min_block_size (float)      max_block_size (float)      config_bull (OrderBlockConfig)      config_bear (OrderBlockConfig)      init_plot (bool)      force_overlay (bool)      enabled (bool)      extend_blocks (simple bool)      clear_broken_buffer_before (simple bool)      align_edge_to_value_area (simple bool)      align_break_price_to_poc (simple bool)      profile_args_bull (ProfileArgs type from robbatt/lib_profile/32)      profile_args_bear (ProfileArgs type from robbatt/lib_profile/32)      use_soft_confirm (simple bool)      soft_confirm_offset (float)      use_retracements_with_FVG_out (simple bool) method draw(this, config, extend_only)   Namespace types: OrderBlock   Parameters:      this (OrderBlock)      config (OrderBlockConfig)      extend_only (bool) method draw(blocks, config)   INTERNAL: plot order blocks   Namespace types: array   Parameters:      blocks (array)      config (OrderBlockConfig) method draw(blocks, config)   INTERNAL: plot order blocks   Namespace types: map   Parameters:      blocks (map)      config (OrderBlockConfig) method cleanup(this, ob_bull, ob_bear)   removes all Profiles that are older than the latest OrderBlock from this profile buffer   Namespace types: array   Parameters:      this (array type from robbatt/lib_profile/32)      ob_bull (OrderBlock)      ob_bear (OrderBlock) _plot_swing_points(mode, x, y, show_swing_points, linecolor_swings, keep_history, show_latest_swings_levels, trail_x, trail_y, trend)   INTERNAL: plot swing points   Parameters:      mode (int) : 1: bullish, -1 bearish block      x (int) : x-coordingate of swing point to plot (bar_index)      y (float) : y-coordingate of swing point to plot (price)      show_swing_points (bool) : switch to enable/disable plotting of swing point labels      linecolor_swings (color) : color for swing point labels and lates level lines      keep_history (bool) : weater to remove older swing point labels and only keep the most recent      show_latest_swings_levels (bool)      trail_x (int) : x-coordinate for latest swing point (bar_index)      trail_y (float) : y-coordinate for latest swing point (price)      trend (int) : the current trend 1: bullish, -1: bearish, to determine Strong/Weak Low/Highs _pivot_lvl(mode, trend, hhll_x, hhll, super_hhll, filter_insignificant_internal_breaks)   INTERNAL: detect whether a structural level has been broken and if it was in trend direction (BoS) or against trend direction (ChoCh), also track the latest high and low swing points   Parameters:      mode (simple int) : detect 1: bullish, -1 bearish pivot points      trend (int) : current trend direction      hhll_x (int) : x-coordinate of newly detected hh/ll (bar_index)      hhll (float) : y-coordinate of newly detected hh/ll (price)      super_hhll (float) : level/y-coordinate of superior hhll (if this is an internal structure pivot level)      filter_insignificant_internal_breaks (bool) : if true pivot points / internal structure will be ignored where the wick in trend direction is longer than the opposite (likely to push further in direction of main trend)   Returns: coordinates of internal structure that has been broken (x,y): start of structure, (trail_x, trail_y): tracking hh/ll after structure break, (bos_alert, choch_alert): signal whether a structural level has been broken _plot_structure(x, y, is_bos, is_choch, line_color, line_style, label_style, label_size, keep_history)   INTERNAL: plot structural breaks (BoS/ChoCh)   Parameters:      x (int) : x-coordinate of newly broken structure (bar_index)      y (float) : y-coordinate of newly broken structure (price)      is_bos (bool) : whether this structural break was in trend direction      is_choch (bool) : whether this structural break was against trend direction      line_color (color) : color for the line connecting the structural level and the breaking candle      line_style (string) : style (line.style_dashed/solid) for the line connecting the structural level and the breaking candle      label_style (string) : style (label.style_label_down/up) for the label above/below the line connecting the structural level and the breaking candle      label_size (string) : size (size.small/tiny) for the label above/below the line connecting the structural level and the breaking candle      keep_history (bool) : weater to remove older swing point labels and only keep the most recent structure_values(length, super_hh, super_ll, filter_insignificant_internal_breaks)   detect (and plot) structural breaks and the resulting new trend   Parameters:      length (simple int) : lookback period for swing point detection      super_hh (float) : level/y-coordinate of superior hh (for internal structure detection)      super_ll (float) : level/y-coordinate of superior ll (for internal structure detection)      filter_insignificant_internal_breaks (bool) : if true pivot points / internal structure will be ignored where the wick in trend direction is longer than the opposite (likely to push further in direction of main trend)   Returns: trend: direction 1:bullish -1:bearish, (bull_bos_alert, bull_choch_alert, top_x, top_y, trail_up_x, trail_up): whether and which level broke in a bullish direction, trailing high, (bbear_bos_alert, bear_choch_alert, tm_x, btm_y, trail_dn_x, trail_dn): same in bearish direction structure_plot(trend, bull_bos_alert, bull_choch_alert, top_x, top_y, trail_up_x, trail_up, hh, bear_bos_alert, bear_choch_alert, btm_x, btm_y, trail_dn_x, trail_dn, ll, color_bull, color_bear, show_swing_points, show_latest_swings_levels, show_bos, show_choch, line_style, label_size, keep_history)   detect (and plot) structural breaks and the resulting new trend   Parameters:      trend (int) : crrent trend 1: bullish, -1: bearish      bull_bos_alert (bool) : if there was a bullish bos alert -> plot it      bull_choch_alert (bool) : if there was a bullish choch alert -> plot it      top_x (int) : latest shwing high x      top_y (float) : latest swing high y      trail_up_x (int) : trailing high x      trail_up (float) : trailing high y      hh (float) : if there was a higher high      bear_bos_alert (bool) : if there was a bearish bos alert -> plot it      bear_choch_alert (bool) : if there was a bearish chock alert -> plot it      btm_x (int) : latest swing low x      btm_y (float) : latest swing low y      trail_dn_x (int) : trailing low x      trail_dn (float) : trailing low y      ll (float) : if there was a lower low      color_bull (color) : color for bullish BoS/ChoCh levels      color_bear (color) : color for bearish BoS/ChoCh levels      show_swing_points (bool) : whether to plot swing point labels      show_latest_swings_levels (bool) : whether to track and plot latest swing point levels with lines      show_bos (bool) : whether to plot BoS levels      show_choch (bool) : whether to plot ChoCh levels      line_style (string) : whether to plot BoS levels      label_size (string) : label size of plotted BoS/ChoCh levels      keep_history (bool) : weater to remove older swing point labels and only keep the most recent structure(length, color_bull, color_bear, super_hh, super_ll, filter_insignificant_internal_breaks, show_swing_points, show_latest_swings_levels, show_bos, show_choch, line_style, label_size, keep_history, enabled)   detect (and plot) structural breaks and the resulting new trend   Parameters:      length (simple int) : lookback period for swing point detection      color_bull (color) : color for bullish BoS/ChoCh levels      color_bear (color) : color for bearish BoS/ChoCh levels      super_hh (float) : level/y-coordinate of superior hh (for internal structure detection)      super_ll (float) : level/y-coordinate of superior ll (for internal structure detection)      filter_insignificant_internal_breaks (bool) : if true pivot points / internal structure will be ignored where the wick in trend direction is longer than the opposite (likely to push further in direction of main trend)      show_swing_points (bool) : whether to plot swing point labels      show_latest_swings_levels (bool) : whether to track and plot latest swing point levels with lines      show_bos (bool) : whether to plot BoS levels      show_choch (bool) : whether to plot ChoCh levels      line_style (string) : whether to plot BoS levels      label_size (string) : label size of plotted BoS/ChoCh levels      keep_history (bool) : weater to remove older swing point labels and only keep the most recent      enabled (bool) _check_equal_level(mode, len, eq_threshold, enabled)   INTERNAL: detect equal levels (double top/bottom)   Parameters:      mode (int) : detect 1: bullish/high, -1 bearish/low pivot points      len (int) : lookback period for equal level (swing point) detection      eq_threshold (float) : maximum price offset for a level to be considered equal      enabled (bool)   Returns: eq_alert whether an equal level was detected and coordinates of the first and the second level/swing point _plot_equal_level(show_eq, x1, y1, x2, y2, label_txt, label_style, label_size, line_color, line_style, keep_history)   INTERNAL: plot equal levels (double top/bottom)   Parameters:      show_eq (bool) : whether to plot the level or not      x1 (int) : x-coordinate of the first level / swing point      y1 (float) : y-coordinate of the first level / swing point      x2 (int) : x-coordinate of the second level / swing point      y2 (float) : y-coordinate of the second level / swing point      label_txt (string) : text for the label above/below the line connecting the equal levels      label_style (string) : style (label.style_label_down/up) for the label above/below the line connecting the equal levels      label_size (string) : size (size.tiny) for the label above/below the line connecting the equal levels      line_color (color) : color for the line connecting the equal levels (and it's label)      line_style (string) : style (line.style_dotted) for the line connecting the equal levels      keep_history (bool) : weater to remove older swing point labels and only keep the most recent equal_levels_values(len, threshold, enabled)   detect (and plot) equal levels (double top/bottom), returns coordinates   Parameters:      len (int) : lookback period for equal level (swing point) detection      threshold (float) : maximum price offset for a level to be considered equal      enabled (bool) : whether detection is enabled   Returns: (eqh_alert, eqh_x1, eqh_y1, eqh_x2, eqh_y2) whether an equal high was detected and coordinates of the first and the second level/swing point, (eql_alert, eql_x1, eql_y1, eql_x2, eql_y2) same for equal lows equal_levels_plot(eqh_x1, eqh_y1, eqh_x2, eqh_y2, eql_x1, eql_y1, eql_x2, eql_y2, color_eqh, color_eql, show, keep_history)   detect (and plot) equal levels (double top/bottom), returns coordinates   Parameters:      eqh_x1 (int) : coordinates of first point of equal high      eqh_y1 (float) : coordinates of first point of equal high      eqh_x2 (int) : coordinates of second point of equal high      eqh_y2 (float) : coordinates of second point of equal high      eql_x1 (int) : coordinates of first point of equal low      eql_y1 (float) : coordinates of first point of equal low      eql_x2 (int) : coordinates of second point of equal low      eql_y2 (float) : coordinates of second point of equal low      color_eqh (color) : color for the line connecting the equal highs (and it's label)      color_eql (color) : color for the line connecting the equal lows (and it's label)      show (bool) : whether plotting is enabled      keep_history (bool) : weater to remove older swing point labels and only keep the most recent   Returns: (eqh_alert, eqh_x1, eqh_y1, eqh_x2, eqh_y2) whether an equal high was detected and coordinates of the first and the second level/swing point, (eql_alert, eql_x1, eql_y1, eql_x2, eql_y2) same for equal lows equal_levels(len, threshold, color_eqh, color_eql, enabled, show, keep_history)   detect (and plot) equal levels (double top/bottom)   Parameters:      len (int) : lookback period for equal level (swing point) detection      threshold (float) : maximum price offset for a level to be considered equal      color_eqh (color) : color for the line connecting the equal highs (and it's label)      color_eql (color) : color for the line connecting the equal lows (and it's label)      enabled (bool) : whether detection is enabled      show (bool) : whether plotting is enabled      keep_history (bool) : weater to remove older swing point labels and only keep the most recent   Returns: (eqh_alert) whether an equal high was detected, (eql_alert) same for equal lows _detect_fvg(mode, enabled, o, h, l, c, filter_insignificant_fvgs, change_tf)   INTERNAL: detect FVG (fair value gap)   Parameters:      mode (int) : detect 1: bullish, -1 bearish gaps      enabled (bool) : whether detection is enabled      o (float) : reference source open      h (float) : reference source high      l (float) : reference source low      c (float) : reference source close      filter_insignificant_fvgs (bool) : whether to calculate and filter small/insignificant gaps      change_tf (bool) : signal when the previous reference timeframe closed, triggers new calculation   Returns: whether a new FVG was detected and its top/mid/bottom levels _clear_broken_fvg(mode, upper_boxes, lower_boxes)   INTERNAL: clear mitigated FVGs (fair value gaps)   Parameters:      mode (int) : detect 1: bullish, -1 bearish gaps      upper_boxes (array) : array that stores the upper parts of the FVG boxes      lower_boxes (array) : array that stores the lower parts of the FVG boxes _plot_fvg(mode, show, top, mid, btm, border_color, extend_box)   INTERNAL: plot (and clear broken) FVG (fair value gap)   Parameters:      mode (int) : plot 1: bullish, -1 bearish gap      show (bool) : whether plotting is enabled      top (float) : top level of fvg      mid (float) : center level of fvg      btm (float) : bottom level of fvg      border_color (color) : color for the FVG box      extend_box (int) : how many bars into the future the FVG box should be extended after detection fvgs_values(o, h, l, c, filter_insignificant_fvgs, change_tf, enabled)   detect (and plot / clear broken) FVGs (fair value gaps), and return alerts and level values   Parameters:      o (float) : reference source open      h (float) : reference source high      l (float) : reference source low      c (float) : reference source close      filter_insignificant_fvgs (bool) : whether to calculate and filter small/insignificant gaps      change_tf (bool) : signal when the previous reference timeframe closed, triggers new calculation      enabled (bool) : whether detection is enabled   Returns: (bullish_fvg_alert, bull_top, bull_mid, bull_btm): whether a new bullish FVG was detected and its top/mid/bottom levels, (bearish_fvg_alert, bear_top, bear_mid, bear_btm): same for bearish FVGs fvgs_plot(bullish_fvg_alert, bull_top, bull_mid, bull_btm, bearish_fvg_alert, bear_top, bear_mid, bear_btm, color_bull, color_bear, extend_box, show)   Parameters:      bullish_fvg_alert (bool)      bull_top (float)      bull_mid (float)      bull_btm (float)      bearish_fvg_alert (bool)      bear_top (float)      bear_mid (float)      bear_btm (float)      color_bull (color) : color for bullish FVG boxes      color_bear (color) : color for bearish FVG boxes      extend_box (int) : how many bars into the future the FVG box should be extended after detection      show (bool) : whether plotting is enabled   Returns: (bullish_fvg_alert, bull_top, bull_mid, bull_btm): whether a new bullish FVG was detected and its top/mid/bottom levels, (bearish_fvg_alert, bear_top, bear_mid, bear_btm): same for bearish FVGs fvgs(o, h, l, c, filter_insignificant_fvgs, change_tf, color_bull, color_bear, extend_box, enabled, show)   detect (and plot / clear broken) FVGs (fair value gaps)   Parameters:      o (float) : reference source open      h (float) : reference source high      l (float) : reference source low      c (float) : reference source close      filter_insignificant_fvgs (bool) : whether to calculate and filter small/insignificant gaps      change_tf (bool) : signal when the previous reference timeframe closed, triggers new calculation      color_bull (color) : color for bullish FVG boxes      color_bear (color) : color for bearish FVG boxes      extend_box (int) : how many bars into the future the FVG box should be extended after detection      enabled (bool) : whether detection is enabled      show (bool) : whether plotting is enabled   Returns: (bullish_fvg_alert): whether a new bullish FVG was detected, (bearish_fvg_alert): same for bearish FVGs OrderBlock   Fields:      id (series int)      dir (series int)      left_top (chart.point)      right_bottom (chart.point)      break_price (series float)      early_confirmation_price (series float)      ltf_high (array)      ltf_low (array)      ltf_volume (array)      plot (Box type from robbatt/lib_plot_objects/49)      profile (Profile type from robbatt/lib_profile/32)      trailing (series bool)      extending (series bool)      awaiting_confirmation (series bool)      touched_break_price_before_confirmation (series bool)      soft_confirmed (series bool)      has_fvg_out (series bool)      hidden (series bool)      broken (series bool) OrderBlockConfig   Fields:      show (series bool)      show_last (series int)      show_id (series bool)      show_profile (series bool)      args (BoxArgs type from robbatt/lib_plot_objects/49)      txt (series string)      txt_args (BoxTextArgs type from robbatt/lib_plot_objects/49)      delete_when_broken (series bool)      broken_args (BoxArgs type from robbatt/lib_plot_objects/49)      broken_txt (series string)      broken_txt_args (BoxTextArgs type from robbatt/lib_plot_objects/49)      broken_profile_args (ProfileArgs type from robbatt/lib_profile/32)      use_profile (series bool)      profile_args (ProfileArgs type from robbatt/lib_profile/32)
ไลบรารี Pine Script®
โดย robbatt
15
Bodies X Wix Version of Smart Money Tools by makuchaku & eFeThis is the same Script as Super Fair Value Gaps / FVG /BoS / by makuchaku & eFe. Mine Should Default to Large Text instead of small. The Super Order Blocks I believe was meant to for you to find one of the many Smart Money tools such as turn on the Fair Value gap but leave the others off, or Turn on where the Break of Structure and leave the others off. The reason I believe this is because the default values for each of the structures were default colored (green for positive and red for negative) for all. Mine has a different Color for every possible structure. As long as you can read with the larger text that I added, then you can create your own boxes positive for break of structure, rejection block, order blocks and fair value gaps for any time frame. The reason I did that is because There's only certain things I believe I will need to mark for myself in each time frame, and then from there You can stretch iyour own box out further in time because if price touches a fair value gap for example, the fair value gap should conyinue in time until at least 2 candles have filed the Fair valu gap going both directions. That's truly when the fair value gap should is mitigated and will from off the chart. However, If I knew How to add the code for that, I would. Additionally, I have the Max Boxes per chart, so you should have the ability to see every OB, FVG,RJB, & BoS on the chart I tried my hardest to create a colored border that was different from the box. But the way the original was coded was almost impossible to do. Because they defined each of the structures (FVG, OB, BoS, RJB) outer levels, when the outer levels connect via math in the code, then it joins all the outside lines for a rectangle. When creating a box, the coloe will always be the same as the border unfortunately. (Unless I replan this from the beginning) I also Changed the default labels for reach structure from a hard to read gray to a white that pops out. Also, chart indicators are a little large as well. Such as the cross, sideways cross, The green Triangle, and the white Diamond. You'll get used to it or you can change it as well. Creating videos for students, you need something they can see. So, I just wanted to ensure everything was a little more unique and easily usable when showing this to my students when I send them private videos for our weekly lessons. I'm trying to learn how to use the IPFS for THAT, (which i see has invaded PineScript) Hope this indicator helps. If you're to borrow this, Just make sure you keep the authors in the name makuchaku & efe
อินดิเคเตอร์ Pine Script®
โดย BodiesXWix
4
LBF Model signals(Madrimov)Here's a professional description for your TradingView indicator: --- LBF model signals **Professional 4-Hour Liquidity Sweep Strategy with Fair Value Gap Entry** ## 📊 Overview This indicator combines institutional trading concepts to identify high-probability LONG setups on the 15-minute timeframe, aligned with 4-hour market structure. The strategy focuses on liquidity sweeps, fair value gaps (FVGs), and trend confirmation for precision entries. --- ## ✨ Key Features ### 🎯 Core Strategy Components 1. **4H Liquidity Detection** - Tracks high and low of each 4-hour candle - Identifies liquidity sweep when price taps and reverses - Clear visual liquidity lines with labels 2. **Fair Value Gap (FVG) Analysis** - Automatic detection of bullish fair value gaps - Visual gap boxes with customizable colors - Smart cleanup when gaps are filled 3. **EMA 100 Trend Filter** 🆕 - Only takes LONG trades above EMA 100 - Prevents entries during strong downtrends - Toggle ON/OFF for flexibility - Customizable period and color 4. **Precise Entry Logic** - Entry on FVG retest after liquidity sweep - Stop loss at liquidity sweep level - Take profit at 3:1 reward-to-risk ratio (customizable) --- ## 📈 Trading Logic **Setup Requirements:** 1. ✅ Sellside liquidity swept (price dips below 4H low, closes above) 2. ✅ 4H candle closes bullish 3. ✅ Price above EMA 100 (optional filter) 4. ✅ Fair value gap forms **Entry Trigger:** - Price retests into the FVG zone **Risk Management:** - **Stop Loss:** Placed at liquidity sweep level - **Take Profit:** Automated 1:3 RR (configurable) - **Risk:** Clearly defined before entry --- ## 🎨 Visual Features ### Clean Chart Display - 📍 4H candle markers (subtle vertical lines) - 🟢 Bullish FVG boxes (green, semi-transparent) - 🔵 Liquidity levels (high/low lines with labels) - 📘 EMA 100 trend line (blue, customizable) ### Entry Signals - **"L"** label = LONG entry signal - **Green "TP ✓"** = Take profit hit - **Red "SL ✗"** = Stop loss hit - **Manual Mode:** Shows "LONG" with full details in tooltip ### 📊 Performance Stats Table Real-time performance tracking displays: - Total signals generated - TP hits (wins) - SL hits (losses) - Active trades - Win rate % - Loss rate % **Fully customizable table position (9 locations)** --- ## ⚙️ Settings & Customization ### Timeframe Lock - Works on **15-minute charts** (recommended) - Optional 4H testing mode ### Trend Filter - ✅ Use EMA 100 filter (ON/OFF) - Customizable EMA length (default: 100) - Show/hide EMA line - Custom EMA color ### Liquidity Settings (Bugatti) - Detection length: 3-13 periods - Show/hide buyside & sellside liquidity - Customizable colors and margins - Visible levels: 1-50 ### Fair Value Gap Settings (Ferrari) - Show/hide FVG boxes - Auto threshold detection - Custom colors for bullish/bearish gaps - Extension length (bars) ### Entry & Risk Settings - Show/hide entry signals - Manual entry mode (for discretionary traders) - Risk-reward ratio: 1:1 to 1:10 - Show/hide SL/TP lines ### Performance Table - Show/hide stats table - 9 position options (corners & middle) ### Visual Settings - Entry, SL, TP color customization - Break of structure lines (optional) --- ## 🎯 Best Use Cases ✅ **Recommended For:** - 15-minute scalping with 4H structure - Trend following strategies - Liquidity-based trading - Backtesting FVG strategies ⚠️ **Note:** - Currently optimized for LONG trades only - Best used in trending or ranging markets - Combines well with higher timeframe analysis --- ## 📚 How to Use 1. **Add to 15-minute chart** (works on any instrument) 2. **Enable EMA 100 filter** to trade with the trend 3. **Wait for liquidity sweep** (sellside liquidity taken) 4. **Entry signal appears** when price retests FVG 5. **Set SL/TP automatically** or use manual mode 6. **Monitor performance stats** in real-time --- ## 🔔 Alerts Built-in alert conditions for: - Bullish entry signals - Liquidity sweep events --- ## 💡 Tips for Success - Use on liquid markets (forex, indices, crypto) - Combine with higher timeframe analysis - Respect the EMA 100 filter in strong trends - Manual mode lets you confirm entries visually - Monitor win rate in the stats table - Adjust RR ratio based on market conditions --- ## 🛠️ Technical Details - **Pine Script v5** - Maximum boxes: 500 - Maximum lines: 500 - Maximum labels: 500 - Optimized for performance - Clean, professional code structure --- ## ⚡ Updates & Support This indicator is actively maintained. Future updates may include: - Additional timeframe options - More filter combinations - Enhanced statistics --- **Disclaimer:** This indicator is for educational purposes. Past performance does not guarantee future results. Always practice proper risk management and test thoroughly before live trading. --- **Tags:** #LiquiditySweep #FairValueGap #FVG #4HourStrategy #LongOnly #EMA #TrendFilter #SmartMoney #InstitutionalTrading #ScalpingStrategy
อินดิเคเตอร์ Pine Script®
โดย Madrimov_trade
Smart Money Concepts (SMC) [LuxAlgo]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category. "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action. The indicator includes alerts for the presence of swing structures and many other relevant conditions. Features This indicator includes many features relevant to SMC, these are highlighted below: Full internal & swing market structure labeling in real-time Break of Structure (BOS) Change of Character (CHoCH) Order Blocks (bullish & bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs & Lows Premium & Discount Zones as a range Options to style the indicator to more easily display these concepts Settings Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart. Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome. Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart. Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH). Confluence Filter: Filter non-significant internal structure breakouts. Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels). Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL. Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart. Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart. Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows. Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart. Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart. Auto Threshold: Filter out non-significant fair value gaps. Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection. Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart. Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels. Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart Usage Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals. In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart. Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above. As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels. The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator. Conclusion This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
อินดิเคเตอร์ Pine Script®
โดย LuxAlgo
1.2 K
Luxy BIG beautiful Dynamic ORBThis is an advanced Opening Range Breakout (ORB) indicator that tracks price breakouts from the first 5, 15, 30, and 60 minutes of the trading session. It provides complete trade management including entry signals, stop-loss placement, take-profit targets, and position sizing calculations. The ORB strategy is based on the concept that the opening range of a trading session often acts as support/resistance, and breakouts from this range tend to lead to significant moves. What Makes This Different? Most ORB indicators simply draw horizontal lines and leave you to figure out the rest. This indicator goes several steps further: Multi-Stage Tracking Instead of just one ORB timeframe, this tracks FOUR simultaneously (5min, 15min, 30min, 60min). Each stage builds on the previous one, giving you multiple trading opportunities throughout the session. Active Trade Management When a breakout occurs, the indicator automatically calculates and displays entry price, stop-loss, and multiple take-profit targets. These lines extend forward and update in real-time until the trade completes. Cycle Detection Unlike indicators that only show the first breakout, this tracks the complete cycle: Breakout → Retest → Re-breakout. You can see when price returns to test the ORB level after breaking out (potential re-entry). Failed Breakout Warning If price breaks out but quickly returns inside the range (within a few bars), the label changes to "FAILED BREAK" - warning you to exit or avoid the trade. Position Sizing Calculator Built-in risk management that tells you exactly how many shares to buy based on your account size and risk tolerance. No more guessing or manual calculations. Advanced Filtering Optional filters for volume confirmation, trend alignment, and Fair Value Gaps (FVG) to reduce false signals and improve win rate. Core Features Explained ### 1. Multi-Stage ORB Levels The indicator builds four separate Opening Range levels: ORB 5 - First 5 minutes (fastest signals, most volatile) ORB 15 - First 15 minutes (balanced, most popular) ORB 30 - First 30 minutes (slower, more reliable) ORB 60 - First 60 minutes (slowest, most confirmed) Each level is drawn as a horizontal range on your chart. As time progresses, the ranges expand to include more price action. You can enable or disable any stage and assign custom colors to each. How it works: During the opening minutes, the indicator tracks the highest high and lowest low. Once the time period completes, those levels become your ORB high and low for that stage. ### 2. Breakout Detection When price closes outside the ORB range, a label appears: BREAK UP (green label above price) - Price closed above ORB High BREAK DOWN (red label below price) - Price closed below ORB Low The label shows which ORB stage triggered (ORB5, ORB15, etc.) and the cycle number if tracking multiple breakouts. Important: Signals appear on bar close only - no repainting. What you see is what you get. ### 3. Retest Detection After price breaks out and moves away, if it returns to test the ORB level, a "RETEST" label appears (orange). This indicates: The original breakout level is now acting as support/resistance Potential re-entry opportunity if you missed the first breakout Confirmation that the level is significant The indicator requires price to move a minimum distance away before considering it a valid retest (configurable in settings). ### 4. Failed Breakout Detection If price breaks out but returns inside the ORB range within a few bars (before the breakout is "committed"), the original label changes to "FAILED BREAK" in orange. This warns you: The breakout lacked conviction Consider exiting if already in the trade Wait for better setup Committed Breakout: The indicator tracks how many bars price stays outside the range. Only after staying outside for the minimum number of bars does it become a committed breakout that can be retested. ### 5. TP/SL Lines (Trade Management) When a breakout occurs, colored horizontal lines appear showing: Entry Line (cyan for long, orange for short) - Your entry price (the ORB level) Stop Loss Line (red) - Where to exit if trade goes against you TP1, TP2, TP3 Lines (same color as entry) - Profit targets at 1R, 2R, 3R These lines extend forward as new bars form, making it easy to track your trade. When a target is hit, the line turns green and the label shows a checkmark. Lines freeze (stop updating) when: Stop loss is hit The final enabled take-profit is hit End of trading session (optional setting) ### 6. Position Sizing Dashboard The dashboard (bottom-left corner by default) shows real-time information: Current ORB stage and range size Breakout status (Inside Range / Break Up / Break Down) Volume confirmation (if filter enabled) Trend alignment (if filter enabled) Entry and Stop Loss prices All enabled Take Profit levels with percentages Risk/Reward ratio Position sizing: Max shares to buy and total risk amount Position Sizing Example: If your account is $25,000 and you risk 1% per trade ($250), and the distance from entry to stop loss is $0.50, the calculator shows you can buy 500 shares (250 / 0.50 = 500). ### 7. FVG Filter (Fair Value Gap) Fair Value Gaps are price inefficiencies - gaps left by strong momentum where one candle's high doesn't overlap with a previous candle's low (or vice versa). When enabled, this filter: Detects bullish and bearish FVGs Draws semi-transparent boxes around these gaps Only allows breakout signals if there's an FVG near the breakout level Why this helps: FVGs indicate institutional activity. Breakouts through FVGs tend to be stronger and more reliable. Proximity setting: Controls how close the FVG must be to the ORB level. 2.0x means the breakout can be within 2 times the FVG size - a reasonable default. ### 8. Volume & Trend Filters Volume Filter: Requires current volume to be above average (customizable multiplier). High volume breakouts are more likely to sustain. Set minimum multiplier (e.g., 1.5x = 50% above average) Set "strong volume" multiplier (e.g., 2.5x) that bypasses other filters Dashboard shows current volume ratio Trend Filter: Only shows breakouts aligned with a higher timeframe trend. Choose from: VWAP - Price above/below volume-weighted average EMA - Price above/below exponential moving average SuperTrend - ATR-based trend indicator Combined modes (VWAP+EMA, VWAP+SuperTrend) for stricter filtering ### 9. Pullback Filter (Advanced) Purpose: Waits for price to pull back slightly after initial breakout before confirming the signal. This reduces false breakouts from immediate reversals. How it works: - After breakout is detected, indicator waits for a small pullback (default 2%) - Once pullback occurs AND price breaks out again, signal is confirmed - If no pullback within timeout period (5 bars), signal is issued anyway Settings: Enable Pullback Filter: Turn this filter on/off Pullback %: How much price must pull back (2% is balanced) Timeout (bars): Max bars to wait for pullback (5 is standard) When to use: - Choppy markets with many fake breakouts - When you want higher quality signals - Combine with Volume filter for maximum confirmation Trade-off: - Better signal quality - May miss some valid fast moves - Slight entry delay How to Use This Indicator ### For Beginners - Simple Setup Add the indicator to your chart (5-minute or 15-minute timeframe recommended) Leave all default settings - they work well for most stocks Watch for BREAK UP or BREAK DOWN labels to appear Check the dashboard for entry, stop loss, and targets Use the position sizing to determine how many shares to buy Basic Trading Plan: Wait for a clear breakout label Enter at the ORB level (or next candle open if you're late) Place stop loss where the red line indicates Take profit at TP1 (50% of position) and TP2 (remaining 50%) ### For Advanced Traders - Customized Setup Choose which ORB stages to track (you might only want ORB15 and ORB30) Enable filters: Volume (stocks) or Trend (trending markets) Enable FVG filter for institutional confirmation Set "Track Cycles" mode to catch retests and re-breakouts Customize stop loss method (ATR for volatile stocks, ORB% for stable ones) Adjust risk per trade and account size for accurate position sizing Advanced Strategy Example: Enable ORB15 only (disable others for cleaner chart) Turn on Volume filter at 1.5x with Strong at 2.5x Enable Trend filter using VWAP Set Signal Mode to "Track Cycles" with Max 3 cycles Wait for aligned breakouts (Volume + Trend + Direction) Enter on retest if you missed the initial break ### Timeframe Recommendations 5-minute chart: Scalping, very active trading, crypto 15-minute chart: Day trading, balanced approach (most popular) 30-minute chart: Swing entries, less screen time 60-minute chart: Position trading, longer holds The indicator works on any intraday timeframe, but ORB is fundamentally a day trading strategy. Daily charts don't make sense for ORB. DEFAULT CONFIGURATION ON by Default: • All 4 ORB stages (5/15/30/60) • Breakout Detection • Retest Labels • All TP levels (1/1.5/2/3) • TP/SL Lines (Detailed mode) • Dashboard (Bottom Left, Dark theme) • Position Size Calculator OFF by Default (Optional Filters): • FVG Filter • Pullback Filter • Volume Filter • Trend Filter • HTF Bias Check • Alerts Recommended for Beginners: • Leave all defaults • Session Mode: Auto-Detect • Signal Mode: Track Cycles • Stop Method: ATR • Add Volume Filter if trading stocks Recommended for Advanced: • Enable ORB15 + ORB30 only (disable 5 & 60) • Enable: Volume + Trend + FVG • Signal Mode: Track Cycles, Max 3 • Stop Method: ATR or Safer • Enable HTF Daily bias check ## Settings Guide The settings are organized into logical groups. Here's what each section controls: ### ORB COLORS Section Show Edge Labels: Display "ORB 5", "ORB 15" labels at the right edge of the levels Background: Fill the area between ORB high/low with color Transparency: How see-through the background is (95% is nearly invisible) Enable ORB 5/15/30/60: Turn each stage on or off individually Colors: Assign colors to each ORB stage for easy identification ### SESSION SETTINGS Section Session Mode: Choose trading session (Auto-Detect works for most instruments) Custom Session Hours: Define your own hours if needed (format: HHMM-HHMM) Auto-Detect uses the instrument's natural hours (stocks use exchange hours, crypto uses 24/7). ### BREAKOUT DETECTION Section Enable Breakout Detection: Master switch for signals Show Retest Labels: Display retest signals Label Size: Visual size for all labels (Small recommended) Enable FVG Filter: Require Fair Value Gap confirmation Show FVG Boxes: Display the gap boxes on chart Signal Mode: "First Only" = one signal per direction per day, "Track Cycles" = multiple signals Max Cycles: How many breakout-retest cycles to track (6 is balanced) Breakout Buffer: Extra distance required beyond ORB level (0.1-0.2% recommended) Min Distance for Retest: How far price must move away before retest is valid (2% recommended) Min Bars Outside ORB: Bars price must stay outside for committed breakout (2 is balanced) ### TARGETS & RISK Section Enable Targets & Stop-Loss: Calculate and show trade management TP1/TP2/TP3 checkboxes: Select which profit targets to display Stop Method: How to calculate stop loss placement - ATR: Based on volatility (best for most cases) - ORB %: Fixed % of ORB range - Swing: Recent swing high/low - Safer: Widest of all methods ATR Length & Multiplier: Controls ATR stop distance (14 period, 1.5x is standard) ORB Stop %: Percentage beyond ORB for stop (20% is balanced) Swing Bars: Lookback period for swing high/low (3 is recent) ### TP/SL LINES Section Show TP/SL Lines: Display horizontal lines on chart Label Format: "Short" = minimal text, "Detailed" = shows prices Freeze Lines at EOD: Stop extending lines at session close ### DASHBOARD Section Show Info Panel: Display the metrics dashboard Theme: Dark or Light colors Position: Where to place dashboard on chart Toggle rows: Show/hide specific information rows Calculate Position Size: Enable the position sizing calculator Risk Mode: Risk fixed $ amount or % of account Account Size: Your total trading capital Risk %: Percentage to risk per trade (0.5-1% recommended) ### VOLUME FILTER Section Enable Volume Filter: Require volume confirmation MA Length: Average period (20 is standard) Min Volume: Required multiplier (1.5x = 50% above average) Strong Volume: Multiplier that bypasses other filters (2.5x) ### TREND FILTER Section Enable Trend Filter: Require trend alignment Trend Mode: Method to determine trend (VWAP is simple and effective) Custom EMA Length: If using EMA mode (50 for swing, 20 for day trading) SuperTrend settings: Period and Multiplier if using SuperTrend mode ### HIGHER TIMEFRAME Section Check Daily Trend: Display higher timeframe bias in dashboard Timeframe: What TF to check (D = daily, recommended) Method: Price vs MA (stable) or Candle Direction (reactive) MA Period: EMA length for Price vs MA method (20 is balanced) Min Strength %: Minimum strength threshold for HTF bias to be considered - For "Price vs MA": Minimum distance (%) from moving average - For "Candle Direction": Minimum candle body size (%) - 0.5% is balanced - increase for stricter filtering - Lower values = more signals, higher values = only strong trends ### ALERTS Section Enable Alerts: Master switch (must be ON to use any alerts) Breakout Alerts: Notify on ORB breakouts Retest Alerts: Notify when price retests after breakout Failed Break Alerts: Notify on failed breakouts Stage Complete Alerts: Notify when each ORB stage finishes forming After enabling desired alert types, click "Create Alert" button, select this indicator, choose "Any alert() function call". ## Tips & Best Practices ### General Trading Tips ORB works best on liquid instruments (stocks with good volume, major crypto pairs) First hour of the session is most important - that's when ORB is forming Breakouts WITH the trend have higher success rates - use the trend filter Failed breakouts are common - use the "Min Bars Outside" setting to filter weak moves Not every day produces good ORB setups - be patient and selective ### Position Sizing Best Practices Never risk more than 1-2% of your account on a single trade Use the built-in calculator - don't guess your position size Update your account size monthly as it grows Smaller accounts: use $ Amount mode for simplicity Larger accounts: use % of Account mode for scaling ### Take Profit Strategy Most traders use: 50% at TP1, 50% at TP2 Aggressive: Hold through TP1 for TP2 or TP3 Conservative: Full exit at TP1 (1:1 risk/reward) After TP1 hits, consider moving stop to breakeven TP3 rarely hits - only on strong trending days ### Filter Combinations Maximum Quality: Volume + Trend + FVG (fewest signals, highest quality) Balanced: Volume + Trend (good quality, reasonable frequency) Active Trading: No filters or Volume only (many signals, lower quality) Trending Markets: Trend filter essential (indices, crypto) Range-Bound: Volume + FVG (avoid trend filter) ### Common Mistakes to Avoid Chasing breakouts - wait for the bar to close, don't FOMO into wicks Ignoring the stop loss - always use it, move it manually if needed Over-leveraging - the calculator shows MAX shares, you can buy less Trading every signal - quality > quantity, use filters Not tracking results - keep a journal to see what works for YOU ## Pros and Cons ### Advantages Complete all-in-one solution - from signal to position sizing Multiple timeframes tracked simultaneously Visual clarity - easy to see what's happening Cycle tracking catches opportunities others miss Built-in risk management eliminates guesswork Customizable filters for different trading styles No repainting - what you see is locked in Works across multiple markets (stocks, forex, crypto) ### Limitations Intraday strategy only - doesn't work on daily charts Requires active monitoring during first 1-2 hours of session Not suitable for after-hours or extended sessions by default Can produce many signals in choppy markets (use filters) Dashboard can be overwhelming for complete beginners Performance depends on market conditions (trends vs ranges) Requires understanding of risk management concepts ### Best For Day traders who can watch the first 1-2 hours of market open Traders who want systematic entry/exit rules Those learning proper position sizing and risk management Active traders comfortable with multiple signals per day Anyone trading liquid instruments with clear sessions ### Not Ideal For Swing traders holding multi-day positions Set-and-forget / passive investors Traders who can't watch market open Complete beginners unfamiliar with trading concepts Low volume / illiquid instruments ## Frequently Asked Questions Q: Why are no signals appearing? A: Check that you're on an intraday timeframe (5min, 15min, etc.) and that the current time is within your session hours. Also verify that "Enable Breakout Detection" is ON and at least one ORB stage is enabled. If using filters, they might be blocking signals - try disabling them temporarily. Q: What's the best ORB stage to use? A: ORB15 (15 minutes) is most popular and balanced. ORB5 gives faster signals but more noise. ORB30 and ORB60 are slower but more reliable. Many traders use ORB15 + ORB30 together. Q: Should I enable all the filters? A: Start with no filters to see all signals. If too many false signals, add Volume filter first (stocks) or Trend filter (trending markets). FVG filter is most restrictive - use for maximum quality but fewer signals. Q: How do I know which stop loss method to use? A: ATR works for most cases - it adapts to volatility. Use ORB% if you want predictable stop placement. Swing is for respecting chart structure. Safer gives you the most room but largest risk. Q: Can I use this for swing trading? A: Not really - ORB is fundamentally an intraday strategy. The ranges reset each day. For swing trading, look at weekly support/resistance or moving averages instead. Q: Why do TP/SL lines disappear sometimes? A: Lines freeze (stop extending) when: stop loss is hit, the last enabled take-profit is hit, or end of session arrives (if "Freeze at EOD" is enabled). This is intentional - the trade is complete. Q: What's the difference between "First Only" and "Track Cycles"? A: "First Only" shows one breakout UP and one DOWN per day maximum - clean but might miss opportunities. "Track Cycles" shows breakout-retest-rebreak sequences - more signals but busier chart. Q: Is position sizing accurate for options/forex? A: The calculator is designed for shares (stocks). For options, ignore the share count and use the risk amount. For forex, you'll need to adapt the lot size calculation manually. Q: How much capital do I need to use this? A: The indicator works for any account size, but practical day trading typically requires $25,000 in the US due to Pattern Day Trader rules. Adjust the "Account Size" setting to match your capital. Q: Can I backtest this strategy? A: This is an indicator, not a strategy script, so it doesn't have built-in backtesting. You can visually review historical signals or code a strategy script using similar logic. Q: Why does the dashboard show different entry price than the breakout label? A: If you're looking at an old breakout, the ORB levels may have changed when the next stage completed. The dashboard always shows the CURRENT active range and trade setup. Q: What's a good win rate to expect? A: ORB strategies typically see 40-60% win rate depending on market conditions and filters used. The strategy relies on positive risk/reward ratios (2:1 or better) to be profitable even with moderate win rates. Q: Does this work on crypto? A: Yes, but crypto trades 24/7 so you need to define what "session start" means. Use Session Mode = Custom and set your preferred daily reset time (e.g., 0000-2359 UTC). ## Credits & Transparency ### Development This indicator was developed with the assistance of AI technology to implement complex ORB trading logic. The strategy concept, feature specifications, and trading logic were designed by the publisher. The implementation leverages modern development tools to ensure: Clean, efficient, and maintainable code Comprehensive error handling and input validation Detailed documentation and user guidance Performance optimization ### Trading Concepts This indicator implements several public domain trading concepts: Opening Range Breakout (ORB): Trading strategy popularized by Toby Crabel, Mark Fisher and many more talanted traders. Fair Value Gap (FVG): Price imbalance concept from ICT methodology SuperTrend: ATR-based trend indicator using public formula Risk/Reward Ratio: Standard risk management principle All mathematical formulas and technical concepts used are in the public domain. ### Pine Script Uses standard TradingView built-in functions: ta.ema(), ta.atr(), ta.vwap(), ta.highest(), ta.lowest(), request.security() No external libraries or proprietary code from other authors. ## Disclaimer This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss and is not suitable for every investor. Past performance shown in examples is not indicative of future results. The indicator provides signals and calculations, but trading decisions are solely your responsibility. Always: Test strategies on paper before using real money Never risk more than you can afford to lose Understand that all trading involves risk Consider seeking advice from a licensed financial advisor The publisher makes no guarantees regarding accuracy, profitability, or performance. Use at your own risk. --- Version: 3.0 Pine Script Version: v6 Last Updated: October 2024 For support, questions, or suggestions, please comment below or send a private message. --- Happy trading, and remember: consistent risk management beats perfect entry timing every time.
อินดิเคเตอร์ Pine Script®
โดย orenluxy
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