Time-Based Fair Value Gaps (FVG) with Inversions (iFVG)Overview
The Time-Based Fair Value Gaps (FVG) with Inversions (iFVG) (ICT/SMT) indicator is a specialized tool designed for traders using Inner Circle Trader (ICT) methodologies. Inspired by LuxAlgo's Fair Value Gap indicator, this script introduces significant enhancements by integrating ICT principles, focusing on precise time-based FVG detection, inversion tracking, and retest signals tailored for institutional trading strategies. Unlike LuxAlgo’s general FVG approach, this indicator filters FVGs within customizable 10-minute windows aligned with ICT’s macro timeframes and incorporates ICT-specific concepts like mitigation, liquidity grabs, and session-based gap prioritization.
This tool is optimized for 1–5 minute charts, though probably best for 1 minute charts, identifying bullish and bearish FVGs, tracking their mitigation into inverted FVGs (iFVGs) as key support/resistance zones, and generating retest signals with customizable “Close” or “Wick” confirmation. Features like ATR-based filtering, optional FVG labels, mitigation removal, and session-specific FVG detection (e.g., first FVG in AM/PM sessions) make it a powerful tool for ICT traders.
Originality and Improvements
While inspired by LuxAlgo’s FVG indicator (credit to LuxAlgo for their foundational work), this script significantly extends the original concept by:
1. Time-Based FVG Detection: Unlike LuxAlgo’s continuous FVG identification, this script filters FVGs within user-defined 10-minute windows each hour (:00–:10, :10–:20, etc.), aligning with ICT’s emphasis on specific periods of institutional activity, such as hourly opens/closes or kill zones (e.g., New York 7:00–11:00 AM EST). This ensures FVGs are relevant to high-probability ICT setups.
2. Session-Specific First FVG Option: A unique feature allows traders to display only the first FVG in ICT-defined AM (9:30–10:00 AM EST) or PM (1:30–2:00 PM EST) sessions, reflecting ICT’s focus on initial market imbalances during key liquidity events.
3. ICT-Driven Mitigation and Inversion Logic: The script tracks FVG mitigation (when price closes through a gap) and converts mitigated FVGs into iFVGs, which serve as ICT-style support/resistance zones. This aligns with ICT’s view that mitigated gaps become critical reversal points, unlike LuxAlgo’s simpler gap display.
4. Customizable Retest Signals: Retest signals for iFVGs are configurable for “Close” (conservative, requiring candle body confirmation) or “Wick” (faster, using highs/lows), catering to ICT traders’ need for precise entry timing during liquidity grabs or Judas swings.
5. ATR Filtering and Mitigation Removal: An optional ATR filter ensures only significant FVGs are displayed, reducing noise, while mitigation removal declutters the chart by removing filled gaps, aligning with ICT’s principle that mitigated gaps lose relevance unless inverted.
6. Timezone and Timeframe Safeguards: A timezone offset setting aligns FVG detection with EST for ICT’s New York-centric strategies, and a timeframe warning alerts users to avoid ≥1-hour charts, ensuring accuracy in time-based filtering.
These enhancements make the script a distinct tool that builds on LuxAlgo’s foundation while offering ICT traders a tailored, high-precision solution.
How It Works
FVG Detection
FVGs are identified when a candle’s low is higher than the high of two candles prior (bullish FVG) or a candle’s high is lower than the low of two candles prior (bearish FVG). Detection is restricted to:
• User-selected 10-minute windows (e.g., :00–:10, :50–:60) to capture ICT-relevant periods like hourly transitions.
• AM/PM session first FVGs (if enabled), focusing on 9:30–10:00 AM or 1:30–2:00 PM EST for key market opens.
An optional ATR filter (default: 0.25× ATR) ensures only gaps larger than the threshold are displayed, prioritizing significant imbalances.
Mitigation and Inversion
When price closes through an FVG (e.g., below a bullish FVG’s bottom), the FVG is mitigated and becomes an iFVG, plotted as a support/resistance zone. iFVGs are critical in ICT for identifying reversal points where institutional orders accumulate.
Retest Signals
The script generates signals when price retests an iFVG:
• Close: Triggers when the candle body confirms the retest (conservative, lower noise).
• Wick: Triggers when the candle’s high/low touches the iFVG (faster, higher sensitivity). Signals are visualized with triangular markers (▲ for bullish, ▼ for bearish) and can trigger alerts.
Visualization
• FVGs: Displayed as colored boxes (green for bullish, red for bearish) with optional “Bull FVG”/“Bear FVG” labels.
• iFVGs: Shown as extended boxes with dashed midlines, limited to the user-defined number of recent zones (default: 5).
• Mitigation Removal: Mitigated FVGs/iFVGs are removed (if enabled) to keep the chart clean.
How to Use
Recommended Settings
• Timeframe: Use 1–5 minute charts for precision, avoiding ≥1-hour timeframes (a warning label appears if misconfigured).
• Time Windows: Enable :00–:10 and :50–:60 for hourly open/close FVGs, or use the “Show only 1st presented FVG” option for AM/PM session focus.
• ATR Filter: Keep enabled (multiplier 0.25–0.5) for significant gaps; disable on 1-minute charts for more FVGs during volatility.
• Signal Preference: Use “Close” for conservative entries, “Wick” for aggressive setups.
• Timezone Offset: Set to -5 for EST (or -4 for EDT) to align with ICT’s New York session.
Trading Strategy
1. Macro Timeframes: Focus on New York (7:00–11:00 AM EST) or London (2:00–5:00 AM EST) kill zones for high institutional activity.
2. FVG Entries: Trade bullish FVGs as support in uptrends or bearish FVGs as resistance in downtrends, especially in :00–:10 or :50–:60 windows.
3. iFVG Retests: Enter on retest signals (▲/▼) during liquidity grabs or Judas swings, using “Close” for confirmation or “Wick” for speed.
4. Session FVGs: Use the “Show only 1st presented FVG” option to target the first gap in AM/PM sessions, often tied to ICT’s market maker algorithms.
5. Risk Management: Combine with ICT concepts like order blocks or breaker blocks for confluence, and set stops beyond FVG/iFVG boundaries.
Alerts
Set alerts for:
• “Bullish FVG Detected”/“Bearish FVG Detected”: New FVGs in selected windows.
• “Bullish Signal”/“Bearish Signal”: iFVG retest confirmations.
Settings Description
• Show Last (1–100, default: 5): Number of recent iFVGs to display. Lower values reduce clutter.
• Show only 1st presented FVG : Limits FVGs to the first in 9:30–10:00 AM or 1:30–2:00 PM EST sessions (overrides time window checkboxes).
• Time Window Checkboxes: Enable/disable FVG detection in 10-minute windows (:00–:10, :10–:20, etc.). All enabled by default.
• Signal Preference: “Close” (default) or “Wick” for iFVG retest signals.
• Use ATR Filter: Enables ATR-based size filtering (default: true).
• ATR Multiplier (0–∞, default: 0.25): Sets FVG size threshold (higher values = larger gaps).
• Remove Mitigated FVGs: Removes filled FVGs/iFVGs (default: true).
• Show FVG Labels: Displays “Bull FVG”/“Bear FVG” labels (default: true).
• Timezone Offset (-12 to 12, default: -5): Aligns time windows with EST.
• Colors: Customize bullish (green), bearish (red), and midline (gray) colors.
Why Use This Indicator?
This indicator empowers ICT traders with a tool that goes beyond generic FVG detection, offering precise, time-filtered gaps and inversion tracking aligned with institutional trading principles. By focusing on ICT’s macro timeframes, session-specific imbalances, and customizable signal logic, it provides a clear edge for scalping, swing trading, or reversal setups in high-liquidity markets.
ค้นหาในสคริปต์สำหรับ "imbalance"
Fair Value Gap [by Oberlunar]Fair Value Gap
This indicator is designed to identify and display Fair Value Gaps (FVG) on the price chart. Fair Value Gaps are areas between candles where the price lacks continuity, leaving a "gap" that can serve as a reference point for price retracements. These zones are often considered important by traders as they represent market imbalances that tend to be "mitigated" (i.e., filled or tested) over time.
Purpose of Publication
This indicator addresses a common gap in FVG indicators. Most existing FVG indicators do not visually distinguish between mitigated (touched) FVGs and those that remain intact. With this indicator:
Mitigated FVGs are clearly displayed with distinct colors, allowing traders to identify which zones have been partially or fully filled by the price.
Unmitigated FVGs remain prominent, representing potential points of interest.
Key Features
Identification of Fair Value Gaps:
A Bullish FVG (upward gap) forms when the high of the three previous candles (candle -3) is lower than the low of the next candle (candle -1).
A Bearish FVG (downward gap) forms when the low of the three previous candles (candle -3) is higher than the high of the next candle (candle -1).
Dynamic Coloring:
Unmitigated FVGs are highlighted with specific colors: green for Bullish and red for Bearish gaps.
When an FVG is "touched" by the price (i.e., mitigated), the color changes:
Yellow-green for mitigated Bullish FVGs.
Purple for mitigated Bearish FVGs.
Handling Mitigated FVGs:
When an FVG is touched by the price, it is visually updated with a different color.
An option can be enabled to "shrink" the mitigated zone, adjusting the box to reflect the remaining untested portion of the gap.
Customization:
Configure the maximum number of FVGs to display on the chart.
Set specific colors for mitigated and unmitigated FVGs.
Choose whether to automatically shrink mitigated zones.
How to Identify Support and Resistance Levels
Support:
Bullish FVGs represent potential support levels, as they indicate areas where the price might return to seek liquidity or fill the imbalance.
An FVG that is repeatedly touched without being fully filled becomes a significant support zone.
Resistance:
Bearish FVGs represent potential resistance levels, indicating zones where the price might stall or reverse direction.
Why a Repeatedly Mitigated FVG is Significant
When an FVG is touched or mitigated multiple times, it means the market recognizes that area as significant. This can happen for several reasons:
Accumulation or Distribution: Institutional traders may use these zones to accumulate or distribute positions without causing excessive market movement.
Presence of Liquidity: FVGs often represent areas with pending orders (stop-losses, limit orders), and the price revisits these zones to seek liquidity.
Market Equilibrium: When an FVG is repeatedly filled, it indicates the market's attempt to balance a demand-supply imbalance. This makes the zone an important level to monitor for potential breakouts or reversals.
TPO Levels [VAH/POC/VAL] with Poor H/L, Single Prints & NPOCs### 🎯 Advanced Market Profile & Key Level Analysis
This script is a unique and comprehensive technical analysis tool designed to help traders understand market structure, value, and key liquidity levels using the principles of **Auction Market Theory** and **Market Profile**.
This script is unique (and shouldn't be censored) because :
It allows large history of levels to be displayed
Accurate as possible tick size
Doesn't draw a profile but only the actual levels
Supports multi-timeframe levels even on the daily mode giving macro context
There is no indicator out there that does it
While these concepts are universal, this indicator was built primarily for the dynamic, 24/7 nature of the **cryptocurrency market**. It helps you move beyond simple price action to understand *why* the market is moving, which is especially crucial in the volatile crypto space.
### ## 📊 The Concepts Behind the Calculations
To use this script effectively, it's important to understand the core concepts it is built upon. The entire script is self-contained and does not require other indicators.
* **What is Market Profile?**
Market Profile is a unique charting technique that organizes price and time data to reveal market structure. It's built from **Time Price Opportunities (TPOs)**, which are 30-minute periods of market activity. By stacking these TPOs, the script builds a distribution, showing which price levels were most accepted (heavily traded) and which were rejected (lightly traded) during a session.
* **What is the Value Area (VA)?**
The Value Area is the heart of the profile. It represents the price range where **70%** of the session's trading volume occurred. This is considered the "fair value" zone where both buyers and sellers were in general agreement.
* **Point of Control (POC):** The single price level with the most TPOs. This was the most accepted or "fairest" price of the session and acts as a gravitational line for price.
* **Value Area High (VAH):** The upper boundary of the 70% value zone.
* **Value Area Low (VAL):** The lower boundary of the 70% value zone.
VAH and VAL are dynamic support and resistance levels. Trading outside the previous session's value area can signal the start of a new trend.
***
### ## 📈 Key Features Explained
This script automatically calculates and displays the following critical market-generated information:
* **Multi-Timeframe Market Profile**
Automatically draws Daily, Weekly, and Monthly profiles, allowing you to analyze market structure across different time horizons. The script preserves up to 20 historical sessions to provide deep market context.
* **Naked Point of Control (nPOC)**
A "Naked" POC is a Point of Control from a previous session that has **not** been revisited by price. These levels often act as powerful magnets for price, representing areas of unfinished business that the market may seek to retest. The script tracks and displays Daily, Weekly, and Monthly nPOCs until they are touched.
* **Single Prints (Imbalance Zones)**
A Single Print is a price level where only one TPO traded during the session's development. This signifies a rapid, aggressive price move and an imbalanced market. These areas, like gaps in a traditional chart, are frequently revisited as the market seeks to "fill in" these thin parts of the profile.
* **Poor Structure (Unfinished Auctions)**
A **Poor High** or **Poor Low** occurs when the top or bottom of a profile is flat, with two or more TPOs at the extreme price. This suggests that the auction in that direction was weak and inconclusive. These weak structures often signal a high probability that price will eventually break that high or low.
***
### ## 💡 How to Use This Indicator
This tool is not a signal generator but an analytical framework to improve your trading decisions.
1. **Determine Market Context:** Start by asking: Is the current price trading *inside* or *outside* the previous session's Value Area?
* **Inside VA:** The market is in a state of balance or range-bound. Look for trades between the VAH and VAL.
* **Outside VA:** The market is in a state of imbalance and may be starting a trend. Look for continuation or acceptance of prices outside the prior value.
2. **Identify Key Levels:**
* Use historical **nPOCs** as potential profit targets or areas to watch for a price reaction.
* Treat historical **VAH** and **VAL** levels as significant support and resistance zones.
* Note where **Single Prints** are. These are often price magnets that may get "filled" in the future.
3. **Spot Weakness:**
* A **Poor High** suggests weak resistance that may be easily broken.
* A **Poor Low** suggests weak support, signaling a potential for a continued move lower if broken.
***
### ## ⚙️ Customization & Crypto Presets
The indicator is highly customizable, allowing you to change colors, transparency, the number of historical sessions, and more.
To help traders get started quickly, the indicator includes **built-in layout presets** specifically calibrated for major cryptocurrencies: ** BINANCE:BTCUSDT.P , BINANCE:ETHUSDT.P , and BINANCE:SOLUSDT.P **. These presets automatically adjust key visual parameters to better suit the unique price characteristics and volatility of each asset, providing an optimized view right out of the box.
***
### ## ⚠️ Disclaimer
This indicator is a tool for market analysis and should not be interpreted as direct buy or sell signals. It provides information based on historical price action, which does not guarantee future results. Trading involves significant risk, and you should always use proper risk management. This script is designed for use on standard chart types (e.g., Candlesticks, Bar) and may produce misleading information on non-standard charts.
Information Asymmetry Gradient (IAG) What is the Information Asymmetry Gradient (IAG)?
The Information Asymmetry Gradient (IAG) is a unique market regime and imbalance detector that quantifies the subtle, directional “information flow” in price and volume. Inspired by information theory and market microstructure, IAG is designed to help traders spot the early buildup of conviction or surprise—the kind of hidden imbalance that often precedes major price moves.
Unlike traditional volume or momentum indicators, IAG focuses on the efficiency and directionality of information transfer: how much “informational energy” is being revealed by up-moves versus down-moves, normalized by price movement. It’s not just about net flow, but about the quality and asymmetry of that flow.
Theoretical Foundation
Information Asymmetry: Markets move when new information is revealed. If one side (buyers or sellers) is consistently more “informationally efficient” per unit of price change, an imbalance is building—even if price hasn’t moved much yet.
Gradient: By tracking the rate of change (gradient) between fast and slow information flows, IAG highlights when a subtle imbalance is accelerating.
Volatility of Asymmetry: Sudden spikes in the volatility of information asymmetry often signal regime uncertainty or the approach of a “surprise” move.
How IAG Works
Directional Information Content: For each bar, IAG estimates the “information per unit of price change” for both up-moves and down-moves, using volume and price action.
Asymmetry Calculation: Computes the difference (or ratio) between up and down information content, revealing directional bias.
Gradient Detection: Calculates both a fast and slow EMA of the asymmetry, then measures their difference (the “gradient”), normalized as a Z-score.
Volatility of Asymmetry: Tracks the standard deviation of asymmetry over a rolling window, with Z-score normalization to spot “information shocks.”
Flow Strength: Quantifies the conviction of the current information flow on a 0–100 scale.
Regime Detection: Flags “extreme” asymmetry, “building” flow, and “high volatility” states.
Inputs:
🌌 Core Asymmetry Parameters
Fast Information Period (short_len, default 8): EMA period for detecting immediate information flow changes.
5–8: Scalping (1–5min)
8–12: Day trading (15min–1hr)
12–20: Swing trading (4hr+)
Slow Information Period (long_len, default 34): EMA period for baseline information context. Should be 3–5x fast period.
Default (34): Fibonacci number, stable for most assets.
Gradient Smoothing (gradient_smooth, default 3): Smooths the gradient calculation.
1–2: Raw, responsive
3–5: Balanced
6–10: Very smooth
📊 Asymmetry Method
Calculation Mode (calc_mode, default "Weighted"):
“Simple”: Basic volume split by direction
“Weighted”: Volume × price movement (default, most robust)
“Logarithmic”: Log-scaled for large moves
Use Ratio (show_ratio, default false):
“Difference”: UpInfo – DownInfo (additive)
“Ratio”: UpInfo / DownInfo (multiplicative, better for comparing volatility regimes)
🌊 Volatility Analysis
Volatility Window (stdev_len, default 21): Lookback for measuring asymmetry volatility.
Volatility Alert Level (vol_threshold, default 1.5): Z-score threshold for volatility alerts.
🎨 Visual Settings
Color Theme (color_theme, default "Starry Night"):
Van Gogh-inspired palettes:
“Starry Night”: Deep blues and yellows
“Sunflowers”: Warm yellows and browns
“Café Terrace”: Night blues and warm lights
“Wheat Field”: Golden and sky blue
Show Swirl Effects (show_swirls, default true): Adds swirling background to visualize information turbulence.
Show Signal Stars (show_stars, default true): Star markers at significant asymmetry points.
Show Info Dashboard (show_dashboard, default true): Top-right panel with current metrics and market state.
Show Flow Visualization (show_flow, default true): Main gradient line with artistic effects.
Color Schemes
Dynamic color gradients adapt to both the direction and intensity of the information gradient, using Van Gogh-inspired palettes for visual clarity and artistic flair.
Glow and aura effects: The main line is layered with glows for depth and to highlight strong signals.
Swirl background: Visualizes the “turbulence” of information flow, darker and more intense as flow strength and volatility rise.
Visual Logic
Main Gradient Line: Plots the normalized information gradient (Z-score), color-coded by direction and intensity.
Glow/Aura: Multiple layers for visual depth and to highlight strong signals.
Threshold Zones: Dotted lines and filled areas mark “Building” and “Extreme” asymmetry zones.
Volatility Ribbon: Area plot of volatility Z-score, highlighting information shocks.
Signal Stars: Circular markers at each “Extreme” event, color-coded for bullish/bearish; cross markers for volatility spikes.
Dashboard: Top-right panel shows current status (Extreme, Building, High Volatility, Balanced), gradient value, flow strength, information balance, and volatility status.
Trading Guide: Bottom-left panel explains all states and how to interpret them.
How to Use IAG
🌟 EXTREME: Major information imbalance—potential for explosive move or reversal.
🌙 BUILDING: Asymmetry is forming—watch for a breakout or trend acceleration.
🌪️ HIGH VOLATILITY: Information flow is unstable—expect regime uncertainty or “surprise” moves.
☁️ BALANCED: No clear bias—market is in equilibrium.
Positive Gradient: Bullish information flow (buyers have the edge).
Negative Gradient: Bearish information flow (sellers have the edge).
Flow >66%: Strong conviction—crowd is acting in unison.
Volatility Spike: Regime uncertainty—be alert for sudden moves.
Tips:
- Use lower periods for scalping, higher for swing trading.
- “Weighted” mode is most robust for most assets.
- Combine with price action or your own system for confirmation.
- Works on all assets and timeframes—tune to your style.
Alerts
IAG Extreme Asymmetry: Extreme information asymmetry detected.
IAG Building Flow: Information flow building.
IAG High Volatility: Information volatility spike.
IAG Bullish/Bearish Extreme: Directional extreme detected.
Originality & Usefulness
IAG is not a mashup of existing indicators. It is a novel approach to quantifying the “surprise” or “conviction” element in market moves, focusing on the efficiency and directionality of information transfer per unit of price change. The multi-layered color logic, artistic visual effects, and regime dashboard are unique to this script. IAG is designed for anticipation, not confirmation—helping you see subtle imbalances before they become obvious in price.
Chart Info
Script Name: Information Asymmetry Gradient (IAG) – Starry Night
Recommended Use: Any asset, any timeframe. Tune parameters to your style.
Disclaimer
This script is for research and educational purposes only. It does not provide financial advice or direct buy/sell signals. Always use proper risk management and combine with your own strategy. Past performance is not indicative of future results.
Trade with insight. Trade with anticipation.
— Dskyz , for DAFE Trading Systems
Consecutive CandlesSummary
This indicator helps visualize short-term momentum by automatically drawing boxes around sequences of consecutive same-colored candles (bullish or bearish). It's designed to quickly highlight periods of sustained buying or selling pressure directly on your chart.
How it Works
Consecutive Candle Detection: The script monitors the chart bar by bar, tracking consecutive candles where close > open (bullish) or close < open (bearish).
Box Drawing: When a sequence of same-colored candles reaches a user-defined minimum length (default is 3) and this sequence is then broken by an opposite-colored candle or a doji, a box is drawn.
Box Boundaries:
The top of the box is set to the highest high price reached during the sequence.
The bottom of the box is set to the lowest low price reached during the sequence.
The left edge of the box aligns with the start time of the first candle in the sequence.
The right edge of the box aligns with the end time of the last candle in the sequence.
Stability: Uses xloc = xloc.bar_time to ensure boxes remain accurately anchored to the price bars when zooming or panning the chart.
Real-time Extension: For active sequences meeting the minimum length on the latest developing bar, the box is optionally extended to the right.
Features
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bullish candles.
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bearish candles.
Extends box in real-time for active qualifying sequences.
Customizable minimum candle count (>= 2).
Customizable colors for bullish/bearish boxes and borders.
Settings
You can customize the indicator via the Settings menu (gear icon):
Minimum Consecutive Candles: Define how many candles in a row are needed to draw a box (Default: 3).
Bullish Box Color: Set the fill color for boxes around bullish sequences.
Bearish Box Color: Set the fill color for boxes around bearish sequences.
Box Border Color: Set the color for the border of all boxes.
Potential Use Cases
Momentum Identification: Quickly spot periods of strong, uninterrupted buying or selling.
Exhaustion/Reversal Signals: Very long sequences might indicate potential exhaustion, setting up reversal opportunities.
Consolidation Breakouts: A box forming after a period of tight consolidation can highlight the range just before a potential breakout.
Confirmation: Use the boxes as confirmation for entries or exits based on momentum shifts.
Disclaimer: This indicator provides visual aids based on price action. It should not be used as a standalone trading system. Always use indicators in conjunction with your own analysis and risk management rules.
Supply & DemandWe can think of imbalanced as a signal of a huge order being filled.
For those who do not know what imbalanced candle are, an imbalanced candles are formed when the price move with force in a direction.
Taking the last 3 candles, when the wicks the of 1st and 3rd candle does not fully overlap the middle one, an imbalanced candle is formed.
Usually when a huge hands place its order it never gets filled entirely and the price usually comes back to this zone to fulfil the remaining order.
This indicator highlight range defined by previous high and low pivot right before an imbalanced candle.
Zones highlighted become zones to watch to enter a trade and become either supply or demand zone.
ShadowBlocks SMC indicator💼 SMC Indicator – Trade Like Smart Money
The SMC Indicator is a precision-engineered tool built around Smart Money Concepts, revealing how institutional players truly move the markets. Forget retail noise — SMC cuts through the fog to show the real structure, liquidity zones, and key manipulation points that big money uses to trap uninformed traders.
Key Features:
🔹 Market Structure Mapping: Real-time detection of Breaks of Structure (BOS) and Change of Character (CHoCH) for trend identification.
🔹 Liquidity Zones: Highlights internal and external liquidity pools where stop hunts are most likely to occur.
🔹 Order Blocks & Imbalances: Automatic marking of bullish/bearish order blocks, Fair Value Gaps (FVGs), and mitigation zones.
🔹 Premium/Discount Zones: Smart price equilibrium tracking using internal range Fibonacci logic.
🔹 Entry & Exit Clarity: Clearly defined high-probability entry zones, TP/SL levels, and confirmation-based signals.
Whether you're a price action purist or a strategic SMC trader, this indicator brings the invisible hand of institutions into full view — so you can follow smart money, not fight it.
⚠️ Disclaimer:
ShadowBlocks SMC Indicator is an educational and informational tool. It does not provide financial advice. Always do your own research and consult a licensed financial advisor before making trading decisions.
FVG - NibzDescription: Fair Value Gap (FVG) Indicator - Nibz
This Pine Script identifies and visualizes Fair Value Gaps (FVGs) on your TradingView chart. FVGs are price inefficiencies left behind when the market moves too quickly, skipping price levels that might not be tested. These gaps often act as magnets, attracting price for potential reversals or continuations.
The script works by detecting upward (bullish) and downward (bearish) price imbalances based on specific candlestick criteria and then marks these zones on your chart using customizable shaded boxes. This tool is essential for traders looking to identify key areas of market inefficiency that could signify support/resistance levels, potential reversal zones, or areas to monitor for market rebalancing.
How It Works
1. Bullish FVG Detection
The script identifies an upward imbalance when:
The low of the candlestick two bars back is less than or equal to the open of the previous bar.
The high of the current candlestick is greater than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a green box is drawn from the low of the second candlestick back to the high of the current candlestick.
2. Bearish FVG Detection
The script identifies a downward imbalance when:
The high of the candlestick two bars back is greater than or equal to the open of the previous bar.
The low of the current candlestick is less than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a red box is drawn from the low of the current candlestick to the high of the second candlestick back.
Customization Options
This script is highly customizable, allowing you to tailor the appearance of the FVG boxes to suit your trading style and chart aesthetics:
Bullish FVG:
Fill color and transparency.
Border color and transparency.
Bearish FVG:
Fill color and transparency.
Border color and transparency.
The settings are user-friendly, with intuitive sliders for transparency and color pickers for customization.
How to Use the Indicator
Adding the Script:
Add the indicator to your chart, and it will automatically mark bullish (green) and bearish (red) FVGs.
Interpreting FVGs:
Bullish FVGs (green zones): These often act as support or areas of potential price rebalancing on retracement.
Bearish FVGs (red zones): These often act as resistance or areas of interest for short entries.
Trade Ideas:
Use FVG zones to confirm other trade signals or strategies.
Watch for price interaction with these zones to time entries and exits.
Key Features
Automated detection of Fair Value Gaps.
Customizable visual representation to match your chart preferences.
Enhances trading precision by identifying price inefficiencies.
Suitable for scalping, day trading, or swing trading strategies.
This script provides a powerful tool to highlight important price levels and inefficiencies in the market, enabling traders to make informed decisions. Whether you're using it as a standalone indicator or combining it with other tools, the 'FVG - Nibz' indicator is a valuable addition to any trader's toolkit!
Enhanced London Session SMC SetupEnhanced London Session SMC Setup Indicator
This Pine Script-based indicator is designed for traders focusing on the London trading session, leveraging smart money concepts (SMC) to identify potential trading opportunities in the GBP/USD currency pair. The script uses multiple techniques such as Order Block Detection, Imbalance (Fair Value Gap) Analysis, Change of Character (CHoCH) detection, and Fibonacci retracement levels to aid in market structure analysis, providing a well-rounded approach to trade setups.
Features:
London Session Highlight:
The indicator visually marks the London trading session (from 08:00 AM to 04:00 PM UTC) on the chart using a blue background, signaling when the high-volume, high-impulse moves tend to occur, helping traders focus their analysis on this key session.
Order Block Detection:
Identifies significant impulse moves that may form order blocks (supply and demand zones). Order blocks are areas where institutions have executed large orders, often leading to price reversals or continuation. The indicator plots the high and low of these order blocks, providing key levels to monitor for potential entries.
Imbalance (Fair Value Gap) Detection:
Detects and highlights price imbalances or fair value gaps (FVG) where the market has moved too quickly, creating a gap in price action. These areas are often revisited by price, offering potential trade opportunities. The upper and lower bounds of the imbalance are visually marked for easy reference.
Change of Character (CHoCH) Detection:
This feature identifies potential trend reversals by detecting significant changes in market character. When the price action shifts from bullish to bearish or vice versa, a CHoCH signal is triggered, and the corresponding level is marked on the chart. This can help traders catch trend reversals at key levels.
Fibonacci Retracement Levels:
The script calculates and plots the key Fibonacci retracement levels (0.618 and 0.786 by default) based on the highest and lowest points over a user-defined swing lookback period. These levels are commonly used by traders to identify potential pullback zones where price may reverse or find support/resistance.
Directional Bias Based on Market Structure:
The indicator provides a market structure analysis by comparing the current highs and lows to the previous periods' highs and lows. This helps in identifying whether the market is in a bullish or bearish state, providing a clear directional bias for trade setups.
Alerts:
The indicator comes with built-in alert conditions to notify the trader when an order block, imbalance, CHoCH, or other significant price action event is detected, ensuring timely action can be taken.
Ideal Usage:
Timeframe: Suitable for intraday trading, particularly focusing on the London session (08:00 AM to 04:00 PM UTC).
Currency Pair: Specifically designed for GBP/USD but can be adapted to other pairs with similar market behavior.
Trading Strategy: Best used in conjunction with a price action strategy, focusing on the key levels identified (order blocks, FVG, CHoCH) and using Fibonacci retracement levels for precision entries.
Target Audience: Ideal for traders who follow smart money concepts (SMC) and are looking for a structured approach to identify high-probability setups during the London session.
Volume Disharmony IndicatorThis indicator is designed to detect imbalanced volume compared to the open/close of the corresponding candle body. The idea is that institutions often trade in higher volume within a smaller price range. Identifying these can give an indication if there is a rally or selloff happening. The code looks at the median of all the prior candles from the point of the last trigger and compares them to the range in body of the candles in order to dynamically find a baseline, by which imbalances can be more accurately detected throughout changing market conditions.
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
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.
Concretum BandsDefinition
The Concretum Bands indicator recreates the Upper and Lower Bound of the Noise Area described in the paper "Beat the Market: An Effective Intraday Momentum Strategy for S&P500 ETF (SPY)" published by Concretum founder Zarattini, along with Barbon and Aziz, in May 2024.
Below we provide all the information required to understand how the indicator is calculated, the rationale behind it and how people can use it.
Idea Behind
The indicator aims to outline an intraday price region where the stock is expected to move without indicating any demand/supply imbalance. When the price crosses the boundaries of the Noise Area, it suggests a significant imbalance that may trigger an intraday trend.
How the Indicator is Calculated
The bands at time HH:MM are computed by taking the open price of day t and then adding/subtracting the average absolute move over the last n days from market open to minute HH:MM . The bands are also adjusted to account for overnight gaps. A volatility multiplier can be used to increase/decrease the width of the bands, similar to other well-known technical bands. The bands described in the paper were computed using a lookback period (length) of 14 days and a Volatility Multiplier of 1. Users can easily adjust these settings.
How to use the indicator
A trader may use this indicator to identify intraday moves that exceed the average move over the most recent period. A break outside the bands could be used as a signal of significant demand/supply imbalance.
Smart Money Concept [TradingFinder] Major OB + FVG + Liquidity🔵 Introduction
"Smart Money" refers to funds under the control of institutional investors, central banks, funds, market makers, and other financial entities. Ordinary people recognize investments made by those who have a deep understanding of market performance and possess information typically inaccessible to regular investors as "Smart Money".
Consequently, when market movements often diverge from expectations, traders identify the footprints of smart money. For example, when a classic pattern forms in the market, traders take short positions. However, the market might move upward instead. They attribute this contradiction to smart money and seek to capitalize on such inconsistencies in their trades.
The "Smart Money Concept" (SMC) is one of the primary styles of technical analysis that falls under the subset of "Price Action". Price action encompasses various subcategories, with one of the most significant being "Supply and Demand", in which SMC is categorized.
The SMC method aims to identify trading opportunities by emphasizing the impact of large traders (Smart Money) on the market, offering specific patterns, techniques, and trading strategies.
🟣 Key Terms of Smart Money Concept (SMC)
• Market Structure (Trend)
• Change of Character (ChoCh)
• Break of Structure (BoS)
• Order Blocks (Supply and Demand)
• Imbalance (IMB)
• Inefficiency (IFC)
• Fair Value Gap (FVG)
• Liquidity
• Premium and Discount
🔵 How Does the "Smart Money Concept Indicator" Work?
🟣 Market Structure
a. Accumulation
b. Market-Up
c. Distribution
d. Market-Down
a) Accumulation Phase : During the accumulation period, typically following a downtrend, smart money enters the market without significantly affecting the pricing trend.
b) Market-Up Phase : In this phase, the price of an asset moves upward from the accumulation range and begins to rise. Usually, the buying by retail investors is the main driver of this trend, and due to positive market sentiment, it continues.
c) Distribution Phase : The distribution phase, unlike the accumulation stage, occurs after an uptrend. In this phase, smart money attempts to exit the market without causing significant price fluctuations.
d) Market-Down Phase : In this stage, the price of an asset moves downward from the distribution phase, initiating a prolonged downtrend. Smart money liquidates all its positions by creating selling pressure, trapping latecomer investors.
The result of these four phases in the market becomes the market trend.
Types of Trends in Financial Markets :
a. Up-Trend
b. Down Trend
c. Range (No Trend)
a) Up-Trend : The market breaks consecutive highs.
b) Down Trend : The market breaks consecutive lows.
c) No Trend or Range : The market oscillates within a range without breaking either highs or lows.
🟣 Change of Character (ChoCh)
The "ChoCh" or "Change of Character" pattern indicates an initial change in order flow in financial markets. This structural change occurs when a major pivot in the opposite direction of the market trend fails. It signals a potential change in the market trend and can serve as a signal for short-term or long-term trend changes in a trading symbol.
🟣 Break of Structure (BoS)
The "BoS" or "Break of Structure" pattern indicates the continuation of the trend in financial markets. This structure forms when, in an uptrend, the price breaks its ceiling or, in a downtrend, the price breaks its floor.
🟣 Order Blocks (Supply and Demand)
Order blocks consist of supply and demand areas where the likelihood of price reversal is higher. There are six order blocks in this indicator, categorized based on their origin and formation reasons.
a. Demand Main Zone, "ChoCh" Origin.
b. Demand Sub Zone, "ChoCh" Origin.
c. Demand All Zone, "BoS" Origin.
d. Supply Main Zone, "ChoCh" Origin.
e. Supply Sub Zone, "ChoCh" Origin.
f. Supply All Zone, "BoS" Origin.
🟣 FVG | Inefficiency | Imbalance
These three terms are almost synonymous. They describe the presence of gaps between consecutive candle shadows. This inefficiency occurs when the market moves rapidly. Primarily, imbalances and these rapid movements stem from the entry of smart money and the imbalance between buyer and seller power. Therefore, identifying these movements is crucial for traders.
These areas are significant because prices often return to fill these gaps or even before they occur to fill price gaps.
🟣 Liquidity
Liquidity zones are areas where there is a likelihood of congestion of stop-loss orders. Liquidity is considered the driving force of the entire market, and market makers may manipulate the market using these zones. However, in many cases, this does not happen because there is insufficient liquidity in some areas.
Types of Liquidity in Financial Markets :
a. Trend Lines
b. Double Tops | Double Bottoms
c. Triple Tops | Triple Bottoms
d. Support Lines | Resistance Lines
All four types of liquidity in this indicator are automatically identified.
🟣 Premium and Discount
Premium and discount zones can assist traders in making better decisions. For instance, they may sell positions in expensive ranges and buy in cheaper ranges. The closer the price is to the major resistance, the more expensive it is, and the closer it is to the major support, the cheaper it is.
🔵 How to Use
🟣 Change of Character (ChoCh) and Break of Structure (BoS)
This indicator detects "ChoCh" and "BoS" in both Minor and Major states. You can turn on the display of these lines by referring to the last part of the settings.
🟣 Order Blocks (Supply and Demand)
Order blocks are Zones where the probability of price reversal is higher. In demand Zones you can buy opportunities and in supply Zones you can check sell opportunities.
The "Refinement" feature allows you to adjust the width of the order block according to your strategy. There are two modes, "Aggressive" and "Defensive," in the "Order Block Refine". The difference between "Aggressive" and "Defensive" lies in the width of the order block.
For risk-averse traders, the "Defensive" mode is suitable as it provides a lower loss limit and a greater reward-to-risk ratio. For risk-taking traders, the "Aggressive" mode is more appropriate. These traders prefer to enter trades at higher prices, and this mode, which has a wider order block width, is more suitable for this group of individuals.
🟣 Fair Value Gap (FVG) | Imbalance (IMB) | Inefficiency (IFC)
In order to identify the "fair value gap" on the chart, it must be analyzed candle by candle. In this process, it is important to pay attention to candles with a large size, and a candle and a candle should be examined before that.
Candles before and after this central candle should have long shadows and their bodies should not overlap with the central candle body. The distance between the shadows of the first and third candles is known as the FVG range.
These areas work in two ways :
• Supply and demand area : In this case, the price reacts to these areas and the trend is reversed.
• Liquidity zone : In this scenario, the price "fills" the zone and then reaches the order block.
Important note : In most cases, the FVG zone of very small width acts as a supply and demand zone, while the zone of significant width acts as a liquidity zone and absorbs price.
When the FVG filter is activated, the FVG regions are filtered based on the specified algorithm.
FVG filter types include the following :
1. Very Aggressive Mode : In addition to the initial condition, an additional condition is considered. For bullish FVG, the maximum price of the last candle must be greater than the maximum price of the middle candle.
Similarly, for a bearish FVG, the minimum price of the last candle must be lower than the minimum price of the middle candle. This mode removes the minimum number of FVGs.
2. Aggressive : In addition to the very aggressive condition, the size of the middle candle is also considered. The size of the center candle should not be small and therefore more FVGs are removed in this case.
3. Defensive : In addition to the conditions of the very aggressive mode, this mode also considers the size of the middle pile, which should be relatively large and make up the majority of the body.
Also, to identify bullish FVGs, the second and third candles must be positive, while for bearish FVGs, the second and third candles must be negative. This mode filters out a significant number of FVGs and keeps only those of good quality.
4. Very Defensive : In addition to the conditions of the defensive mode, in this mode the first and third candles should not be very small-bodied doji candles. This mode filters out most FVGs and only the best quality ones remain.
🟣 Liquidity
These levels are where traders intend to exit their trades. "Market makers" or smart money usually accumulate or distribute their trading positions near these levels, where many retail traders have placed their "stop loss" orders. When liquidity is collected from these losses, the price often reverses.
A "Stop hunt" is a move designed to offset liquidity generated by established stop losses. Banks often use major news events to trigger stop hunts and capture liquidity released into the market. For example, if they intend to execute heavy buy orders, they encourage others to sell through stop-hots.
Consequently, if there is liquidity in the market before reaching the order block area, the validity of that order block is higher. Conversely, if the liquidity is close to the order block, that is, the price reaches the order block before reaching the liquidity limit, the validity of that order block is lower.
🟣 Alert
With the new alert functionality in this indicator, you won't miss any important trading signals. Alerts are activated when the price hits the last order block.
1. It is possible to set alerts for each "symbol" and "time frame". The system will automatically detect both and include them in the warning message.
2. Each alert provides the exact date and time it was triggered. This helps you measure the timeliness of the signal and evaluate its relevance.
3. Alerts include target order block price ranges. The "Proximal" level represents the initial price level strike, while the "Distal" level represents the maximum price gap in the block. These details are included in the warning message.
4. You can customize the alert name through the "Alert Name" entry.
5. Create custom messages for "long" and "short" alerts to be sent with notifications.
🔵 Setting
a. Pivot Period of Order Blocks Detector :
Using this parameter, you can set the zigzag period that is formed based on the pivots.
b. Order Blocks Validity Period (Bar) :
You can set the validity period of each Order Block based on the number of candles that have passed since the origin of the Order Block.
c. Demand Main Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Demand Main Zone, "ChoCh" Origin.
d. Demand Sub Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Demand Sub Zone, "ChoCh" Origin.
e. Demand All Zone, "BoS" Origin :
You can control the display or not display as well as the color of Demand All Zone, "BoS" Origin.
f. Supply Main Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Supply Main Zone, "ChoCh" Origin.
g. Supply Sub Zone, "ChoCh" Origin :
You can control the display or not display as well as the color of Supply Sub Zone, "ChoCh" Origin.
h. Supply All Zone, "BoS" Origin :
You can control the display or not display as well as the color of Supply All Zone, "BoS" Origin.
i. Refine Demand Main : You can choose to be refined or not and also the type of refining.
j. Refine Demand Sub : You can choose to be refined or not and also the type of refining.
k. Refine Demand BoS : You can choose to be refined or not and also the type of refining.
l. Refine Supply Main : You can choose to be refined or not and also the type of refining.
m. Refine Supply Sub : You can choose to be refined or not and also the type of refining.
n. Refine Supply BoS : You can choose to be refined or not and also the type of refining.
o. Show Demand FVG : You can choose to show or not show Demand FVG.
p. Show Supply FVG : You can choose to show or not show Supply FVG
q. FVG Filter : You can choose whether FVG is filtered or not. Also specify the type of filter you want to use.
r. Show Statics High Liquidity Line : Show or not show Statics High Liquidity Line.
s. Show Statics Low Liquidity Line : Show or not show Statics Low Liquidity Line.
t. Show Dynamics High Liquidity Line : Show or not show Dynamics High Liquidity Line.
u. Show Dynamics Low Liquidity Line : Show or not show Dynamics Low Liquidity Line.
v. Statics Period Pivot :
Using this parameter, you can set the Swing period that is formed based on Static Liquidity Lines.
w. Dynamics Period Pivot :
Using this parameter, you can set the Swing period that is formed based Dynamics Liquidity Lines.
x. Statics Liquidity Line Sensitivity :
is a number between 0 and 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of lines identified. The default value is 0.3.
y. Dynamics Liquidity Line Sensitivity :
is a number between 0.4 and 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of lines identified. The default value is 1.
z. Alerts Name : You can customize the alert name using this input and set it to your desired name.
aa. Alert Demand Main Mitigation :
If you want to receive the alert about Demand Main 's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
bb. Alert Demand Sub Mitigation :
If you want to receive the alert about Demand Sub's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
cc. Alert Demand BoS Mitigation :
If you want to receive the alert about Demand BoS's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
dd. Alert Supply Main Mitigation :
If you want to receive the alert about Supply Main's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
ee. Alert Supply Sub Mitigation :
If you want to receive the alert about Supply Sub's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
ff. Alert Supply BoS Mitigation :
If you want to receive the alert about Supply BoS's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
gg. Message Frequency :
This parameter, represented as a string, determines the frequency of announcements. Options include: 'All' (triggers the alert every time the function is called), 'Once Per Bar' (triggers the alert only on the first call within the bar), and 'Once Per Bar Close' (activates the alert only during the final script execution of the real-time bar upon closure). The default setting is 'Once per Bar'.
hh. Show Alert time by Time Zone :
The date, hour, and minute displayed in alert messages can be configured to reflect any chosen time zone. For instance, if you prefer London time, you should input 'UTC+1'. By default, this input is configured to the 'UTC' time zone.
ii. Display More Info : The 'Display More Info' option provides details regarding the price range of the order blocks (Zone Price), along with the date, hour, and minute. If you prefer not to include this information in the alert message, you should set it to 'Off'.
You also have access to display or not to display, choose the Style and Color of all the lines below :
a. Major Bullish "BoS" Lines
b. Major Bearish "BoS" Lines
c. Minor Bullish "BoS" Lines
d. Minor Bearish "BoS" Lines
e. Major Bullish "ChoCh" Lines
f. Major Bearish "ChoCh" Lines
g. Minor Bullish "ChoCh" Lines
h. Minor Bearish "ChoCh" Lines
i. Last Major Support Line
j. Last Major Resistance Line
k. Last Minor Support Line
l. Last Minor Resistance Line
See inside Candles: Directionality %; Constituent Bars & GapsSee inside candles based on user-input LTF setting: get data on 'Directionality' of your candle; Gaps (total and Sum; UP and DOWN); Number of Bull or Bear constituent candles
//Features:
-DIRECTIONALITY: compare length of the 'zig-zag' random walk of lower time frame constituent candles, to the full height of the current candle. Resulting % I refer to as 'directionality'.
-GAPs: what i refer to as 'gaps' are also known as Volume imbalances: the gap between previous candles close and current candle's open (if there is one).
--Gaps total (up vs down gaps). Number of Up gaps printed above bar in green, down gaps printed below bar in red.
--Gaps Sum (total summed UP gap, total summed down gaps. Sum of Up gaps printed above bar in green, Sum of down gaps printed below bar in red.
-Candles Total: Numer of LTF up vs down candles within current timeframe candle. Number of up candles printed above bar in green, Number of down candles printed below bar in red.
//USAGE:
-Primary purpose in this was the Directionality aspect. Wanted to get a measure of how choppy vs how directional the internals of a candle were. Idea being that a candle with high % directionality (approaching 100) would imply trending conditions; while a candle which was large range and full bodies but had a low % directionality would imply the internals were back-and-forth and => rebalanced, potentially indicating price may not need to retrace back into it and rebalance further. All rather experimental, please treat it as such: have a play around with it.
-Number of gaps, Sums of up and down gaps, ratio of up and down constituent candles also intended to serve a similar purpose as the above.
-Set the input lower timeframe; this must obviously be lower then your current timeframe. You will significant differences in results depending on the ratio your timeframes (chart timeframe vs user-input timeframe).
//User Inputs:
-Lower timeframe input (setting child candle size within current chart parent candle).
-Choose function from the four listed above.
-typical formating options: Bull color/bear color txt for gaps functions.
-display % unit or not.
-display vertical or horizontal text.
-Set min / max directionality thresholds; and color code results.
-Toggle on/off 'hide results outside of threshold' to declutter the chart.
-choose label style.
//NOTES:
-Directionality thresholds can be set manually; Max and Min thresholds can be set to filter out 'non-extreme' readings.
-Note that directionality % can sometimes exceed 100%, in cases where price trends very strongly and gaps up continuously such that sum of constituent candles is less than total range of parent candle.
-Personally i like the idea of seeking bold, large-range, full bodied candles, with a lower than typical directionality %; indicating that a price move is both significant and it's already done it's rebalancing; I would see this as potentially favourable for continuation (obviously depending on context).
---- Showcase of the other functions beyond Directionality percentage ----
Candles Total (bull vs Bear). ES1! Hourly; ltf = 5min: Candles total: LTF up candles and LTF down candles making up the current HTF candle (constituent number of UP candles printed above in green, Down candles printed below in red):
Gaps SUM. SPX hourly, ltf = 5min. Sum of 'UP' gaps within candle printed above in green, sum of 'DOWN' gaps printed below in red:
Gaps TOTAL: SPX hourly, ltf = 1min. Simply the total of 'up' gaps vs 'down' gaps withing our candle; based on the user input constituent candles within:
Delta Volume Columns Pro [LucF]█ OVERVIEW
This indicator displays volume delta information calculated with intrabar inspection on historical bars, and feed updates when running in realtime. It is designed to run in a pane and can display either stacked buy/sell volume columns or a signal line which can be calculated and displayed in many different ways.
Five different models are offered to reveal different characteristics of the calculated volume delta information. Many options are offered to visualize the calculations, giving you much leeway in morphing the indicator's visuals to suit your needs. If you value delta volume information, I hope you will find the time required to master Delta Volume Columns Pro well worth the investment. I am confident that if you combine a proper understanding of the indicator's information with an intimate knowledge of the volume idiosyncrasies on the markets you trade, you can extract useful market intelligence using this tool.
█ WARNINGS
1. The indicator only works on markets where volume information is available,
Please validate that your symbol's feed carries volume information before asking me why the indicator doesn't plot values.
2. When you refresh your chart or re-execute the script on the chart, the indicator will repaint because elapsed realtime bars will then recalculate as historical bars.
3. Because the indicator uses different modes of calculation on historical and realtime bars, it's critical that you understand the differences between them. Details are provided further down.
4. Calculations using intrabar inspection on historical bars can only be done from some chart timeframes. See further down for a list of supported timeframes.
If the chart's timeframe is not supported, no historical volume delta will display.
█ CONCEPTS
Chart bars
Three different types of bars are used in charts:
1. Historical bars are bars that have already closed when the script executes on them.
2. The realtime bar is the current, incomplete bar where a script is running on an open market. There is only one active realtime bar on your chart at any given time.
The realtime bar is where alerts trigger.
3. Elapsed realtime bars are bars that were calculated when they were realtime bars but have since closed.
When a script re-executes on a chart because the browser tab is refreshed or some of its inputs are changed, elapsed realtime bars are recalculated as historical bars.
Why does this indicator use two modes of calculation?
Historical bars on TradingView charts contain OHLCV data only, which is insufficient to calculate volume delta on them with any level of precision. To mine more detailed information from those bars we look at intrabars , i.e., bars from a smaller timeframe (we call it the intrabar timeframe ) that are contained in one chart bar. If your chart Is running at 1D on a 24x7 market for example, most 1D chart bars will contain 24 underlying 1H bars in their dilation. On historical bars, this indicator looks at those intrabars to amass volume delta information. If the intrabar is up, its volume goes in the Buy bin, and inversely for the Sell bin. When price does not move on an intrabar, the polarity of the last known movement is used to determine in which bin its volume goes.
In realtime, we have access to price and volume change for each update of the chart. Because a 1D chart bar can be updated tens of thousands of times during the day, volume delta calculations on those updates is much more precise. This precision, however, comes at a price:
— The script must be running on the chart for it to keep calculating in realtime.
— If you refresh your chart you will lose all accumulated realtime calculations on elapsed realtime bars, and the realtime bar.
Elapsed realtime bars will recalculate as historical bars, i.e., using intrabar inspection, and the realtime bar's calculations will reset.
When the script recalculates elapsed realtime bars as historical bars, the values on those bars will change, which means the script repaints in those conditions.
— When the indicator first calculates on a chart containing an incomplete realtime bar, it will count ALL the existing volume on the bar as Buy or Sell volume,
depending on the polarity of the bar at that point. This will skew calculations for that first bar. Scripts have no access to the history of a realtime bar's previous updates,
and intrabar inspection cannot be used on realtime bars, so this is the only to go about this.
— Even if alerts only trigger upon confirmation of their conditions after the realtime bar closes, they are repainting alerts
because they would perhaps not have calculated the same way using intrabar inspection.
— On markets like stocks that often have different EOD and intraday feeds and volume information,
the volume's scale may not be the same for the realtime bar if your chart is at 1D, for example,
and the indicator is using an intraday timeframe to calculate on historical bars.
— Any chart timeframe can be used in realtime mode, but plots that include moving averages in their calculations may require many elapsed realtime bars before they can calculate.
You might prefer drastically reducing the periods of the moving averages, or using the volume columns mode, which displays instant values, instead of the line.
Volume Delta Balances
This indicator uses a variety of methods to evaluate five volume delta balances and derive other values from those balances. The five balances are:
1 — On Bar Balance : This is the only balance using instant values; it is simply the subtraction of the Sell volume from the Buy volume on the bar.
2 — Average Balance : Calculates a distinct EMA for both the Buy and Sell volumes, and subtracts the Sell EMA from the Buy EMA.
3 — Momentum Balance : Starts by calculating, separately for both Buy and Sell volumes, the difference between the same EMAs used in "Average Balance" and
an SMA of double the period used for the "Average Balance" EMAs. The difference for the Sell side is subtracted from the difference for the Buy side,
and an RSI of that value is calculated and brought over the −50/+50 scale.
4 — Relative Balance : The reference values used in the calculation are the Buy and Sell EMAs used in the "Average Balance".
From those, we calculate two intermediate values using how much the instant Buy and Sell volumes on the bar exceed their respective EMA — but with a twist.
If the bar's Buy volume does not exceed the EMA of Buy volume, a zero value is used. The same goes for the Sell volume with the EMA of Sell volume.
Once we have our two intermediate values for the Buy and Sell volumes exceeding their respective MA, we subtract them. The final "Relative Balance" value is an ALMA of that subtraction.
The rationale behind using zero values when the bar's Buy/Sell volume does not exceed its EMA is to only take into account the more significant volume.
If both instant volume values exceed their MA, then the difference between the two is the signal's value.
The signal is called "relative" because the intermediate values are the difference between the instant Buy/Sell volumes and their respective MA.
This balance flatlines when the bar's Buy/Sell volumes do not exceed their EMAs, which makes it useful to spot areas where trader interest dwindles, such as consolidations.
The smaller the period of the final value's ALMA, the more easily you will see the balance flatline. These flat zones should be considered no-trade zones.
5 — Percent Balance : This balance is the ALMA of the ratio of the "On Bar Balance" value, i.e., the volume delta balance on the bar (which can be positive or negative),
over the total volume for that bar.
From the balances and marker conditions, two more values are calculated:
1 — Marker Bias : It sums the up/down (+1/‒1) occurrences of the markers 1 to 4 over a period you define, so it ranges from −4 to +4, times the period.
Its calculation will depend on the modes used to calculate markers 3 and 4.
2 — Combined Balances : This is the sum of the bull/bear (+1/−1) states of each of the five balances, so it ranges from −5 to +5.
█ FEATURES
The indicator has two main modes of operation: Columns and Line .
Columns
• In Columns mode you can display stacked Buy/Sell volume columns.
• The buy section always appears above the centerline, the sell section below.
• The top and bottom sections can be colored independently using eight different methods.
• The EMAs of the Buy/Sell values can be displayed (these are the same EMAs used to calculate the "Average Balance").
Line
• Displays one of seven signals: the five balances or one of two complementary values, i.e., the "Marker Bias" or the "Combined Balances".
• You can color the line and its fill using independent calculation modes to pack more information in the display.
You can thus appraise the state of 3 different values using the line itself, its color and the color of its fill.
• A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events.
Default settings
Using the indicator's default settings, this is the information displayed:
• The line is calculated on the "Average Balance".
• The line's color is determined by the bull/bear state of the "Percent Balance".
• The line's fill gradient is determined by the advances/declines of the "Momentum Balance".
• The orange divergence dots are calculated using discrepancies between the polarity of the "On Bar Balance" and the chart's bar.
• The divergence levels are determined using the line's level when a divergence occurs.
• The background's fill gradient is calculated on advances/declines of the "Marker Bias".
• The chart bars are colored using advances/declines of the "Relative Balance". Divergences are shown in orange.
• The intrabar timeframe is automatically determined from the chart's timeframe so that a minimum of 50 intrabars are used to calculate volume delta on historical bars.
Alerts
The configuration of the marker conditions explained further is what determines the conditions that will trigger alerts created from this script. Note that simply selecting the display of markers does not create alerts. To create an alert on this script, you must use ALT-A from the chart. You can create multiple alerts triggering on different conditions from this same script; simply configure the markers so they define the trigger conditions for each alert before creating the alert. The configuration of the script's inputs is saved with the alert, so from then on you can change them without affecting the alert. Alert messages will mention the marker(s) that triggered the specific alert event. Keep in mind, when creating alerts on small chart timeframes, that discrepancies between alert triggers and markers displayed on your chart are to be expected. This is because the alert and your chart are running two distinct instances of the indicator on different servers and different feeds. Also keep in mind that while alerts only trigger on confirmed conditions, they are calculated using realtime calculation mode, which entails that if you refresh your chart and elapsed realtime bars recalculate as historical bars using intrabar inspection, markers will not appear in the same places they appeared in realtime. So it's important to understand that even though the alert conditions are confirmed when they trigger, these alerts will repaint.
Let's go through the sections of the script's inputs.
Columns
The size of the Buy/Sell columns always represents their respective importance on the bar, but the coloring mode for tops and bottoms is independent. The default setup uses a standard coloring mode where the Buy/Sell columns are always in the bull/bear color with a higher intensity for the winning side. Seven other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on "Average Balance", for example, you will have bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "On Bar Balance — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. You can display the averages of the Buy and Sell columns. If you do, its coloring is controlled through the "Line" and "Line fill" sections below.
Line and Line fill
You can select the calculation mode and the thickness of the line, and independent calculations to determine the line's color and fill.
Zero Line
The zero line can display dots when all five balances are bull/bear.
Divergences
You first select the detection mode. Divergences occur whenever the up/down direction of the signal does not match the up/down polarity of the bar. Divergences are used in three components of the indicator's visuals: the orange dot, colored chart bars, and to calculate the divergence levels on the line. The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It precludes any attempt to identify a directional bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by the line's position relative to the levels, which is how I think divergences can be put to the most effective use. One of the coloring modes for the line's fill uses advances/declines in the line after divergence events.
Background
The background can show a bull/bear gradient on six different calculations. As with other gradients, you can adjust its brightness to make its importance proportional to how you use it in your analysis.
Chart bars
Chart bars can be colored using seven different methods. You have the option of emptying the body of bars where volume does not increase, as does my TLD indicator, and you can choose whether you want to show divergences.
Intrabar Timeframe
This is the intrabar timeframe that will be used to calculate volume delta using intrabar inspection on historical bars. You can choose between four modes. The three "Auto-steps" modes calculate, from the chart's timeframe, the intrabar timeframe where the said number of intrabars will make up the dilation of chart bars. Adjustments are made for non-24x7 markets. "Fixed" mode allows you to select the intrabar timeframe you want. Checking the "Show TF" box will display in the lower-right corner the intrabar timeframe used at any given moment. The proper selection of the intrabar timeframe is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. Note that historical depth will vary with the intrabar timeframe. The smaller the timeframe, the shallower historical plots you will be.
Markers
Markers appear when the required condition has been confirmed on a closed bar. The configuration of the markers when you create an alert is what determines when the alert will trigger. Five markers are available:
• Balances Agreement : All five balances are either bullish or bearish.
• Double Bumps : A double bump is two consecutive up/down bars with +/‒ volume delta, and rising Buy/Sell volume above its average.
• Divergence confirmations : A divergence is confirmed up/down when the chosen balance is up/down on the previous bar when that bar was down/up, and this bar is up/down.
• Balance Shifts : These are bull/bear transitions of the selected signal.
• Marker Bias Shifts : Marker bias shifts occur when it crosses into bull/bear territory.
Periods
Allows control over the periods of the different moving averages used to calculate the balances.
Volume Discrepancies
Stock exchanges do not report the same volume for intraday and daily (or higher) resolutions. Other variations in how volume information is reported can also occur in other markets, namely Forex, where volume irregularities can even occur between different intraday timeframes. This will cause discrepancies between the total volume on the bar at the chart's timeframe, and the total volume calculated by adding the volume of the intrabars in that bar's dilation. This does not necessarily invalidate the volume delta information calculated from intrabars, but it tells us that we are using partial volume data. A mechanism to detect chart vs intrabar timeframe volume discrepancies is provided. It allows you to define a threshold percentage above which the background will indicate a difference has been detected.
Other Settings
You can control here the display of the gray dot reminder on realtime bars, and the display of error messages if you are using a chart timeframe that is not greater than the fixed intrabar timeframe, when you use that mode. Disabling the message can be useful if you only use realtime mode at chart timeframes that do not support intrabar inspection.
█ RAMBLINGS
On Volume Delta
Volume is arguably the best complement to interpret price action, and I consider volume delta to be the most effective way of processing volume information. In periods of low-volatility price consolidations, volume will typically also be lower than normal, but slight imbalances in the trend of the buy/sell volume balance can sometimes help put early odds on the direction of the break from consolidation. Additionally, the progression of the volume imbalance can help determine the proximity of the breakout. I also find volume delta and the number of divergences very useful to evaluate the strength of trends. In trends, I am looking for "slow and steady", i.e., relatively low volatility and pauses where price action doesn't look like world affairs are being reassessed. In my personal mythology, this type of trend is often more resilient than high-volatility breakouts, especially when volume balance confirms the general agreement of traders signaled by the low-volatility usually accompanying this type of trend. The volume action on pauses will often help me decide between aggressively taking profits, tightening a stop or going for a longer-term movement. As for reversals, they generally occur in high-volatility areas where entering trades is more expensive and riskier. While the identification of counter-trend reversals fascinates many traders to no end, they represent poor opportunities in my view. Volume imbalances often precede reversals, but I prefer to use volume delta information to identify the areas following reversals where I can confirm them and make relatively low-cost entries with better odds.
On "Buy/Sell" Volume
Buying or selling volume are misnomers, as every unit of volume transacted is both bought and sold by two different traders. While this does not keep me from using the terms, there is no such thing as “buy only” or “sell only” volume. Trader lingo is riddled with peculiarities.
Divergences
The divergence detection method used here relies on a difference between the direction of a signal and the polarity (up/down) of a chart bar. When using the default "On Bar Balance" to detect divergences, however, only the bar's volume delta is used. You may wonder how there can be divergences between buying/selling volume information and price movement on one bar. This will sometimes be due to the calculation's shortcomings, but divergences may also occur in instances where because of order book structure, it takes less volume to increase the price of an asset than it takes to decrease it. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. To your pattern-hungry brain, the divergences displayed by this indicator will — as they do on other indicators — appear to often indicate turnarounds. My opinion is that reality is generally quite sobering and I have no reliable information that would tend to prove otherwise. Exercise caution when using them. Consequently, I do not share the overwhelming enthusiasm of traders in identifying bullish/bearish divergences. For me, the best course of action when a divergence occurs is to wait and see what happens from there. That is the rationale underlying how my divergence levels work; they take note of a signal's level when a divergence occurs, and it's the signal's behavior from that point on that determines if the post-divergence action is bullish/bearish.
Superfluity
In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . This indicator can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to it and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason — not for window dressing.
█ LIMITATIONS
• This script uses a special characteristic of the `security()` function allowing the inspection of intrabars — which is not officially supported by TradingView.
It has the advantage of permitting a more robust calculation of volume delta than other methods on historical bars, but also has its limits.
• Intrabar inspection only works on some chart timeframes: 3, 5, 10, 15 and 30 minutes, 1, 2, 3, 4, 6, and 12 hours, 1 day, 1 week and 1 month.
The script’s code can be modified to run on other resolutions.
• When the difference between the chart’s timeframe and the intrabar timeframe is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this.
• All volume is not created equally. Its source, components, quality and reliability will vary considerably with sectors and instruments.
The higher the quality, the more reliably volume delta information can be used to guide your decisions.
You should make it your responsibility to understand the volume information provided in the data feeds you use. It will help you make the most of volume delta.
█ NOTES
For traders
• The Data Window shows key values for the indicator.
• While this indicator displays some of the same information calculated in my Delta Volume Columns ,
I have elected to make it a separate publication so that traders continue to have a simpler alternative available to them. Both code bases will continue to evolve separately.
• All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a pre-determined scale.
• Volume delta being relative, by nature, it is particularly well-suited to Forex markets, as it filters out quite elegantly the cyclical volume data characterizing the sector.
If you are interested in volume delta, consider having a look at my other "Delta Volume" indicators:
• Delta Volume Realtime Action displays realtime volume delta and tick information on the chart.
• Delta Volume Candles builds volume delta candles on the chart.
• Delta Volume Columns is a simpler version of this indicator.
For coders
• I use the `f_c_gradientRelativePro()` from the PineCoders Color Gradient Framework to build my gradients.
This function has the advantage of allowing begin/end colors for both the bull and bear colors. It also allows us to define the number of steps allowed for each gradient.
I use this to modulate the gradients so they perform optimally on the combination of the signal used to calculate advances/declines,
but also the nature of the visual component the gradient applies to. I use fewer steps for choppy signals and when the gradient is used on discrete visual components
such as volume columns or chart bars.
• I use the PineCoders Coding Conventions for Pine to write my scripts.
• I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes.
█ THANKS TO:
— The devs from TradingView's Pine and other teams, and the PineCoders who collaborate with them. They are doing amazing work,
and much of what this indicator does could not be done without their recent improvements to Pine.
— A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator using a `for` loop.
This indicator started from the intrabar inspection technique illustrated in Kuan's snippet.
— theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar timeframes.
— midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics.
ICT Turtle Soup Ultimate V2📜 ICT Turtle Soup Ultimate V2 — Advanced Liquidity Reversal System
Overview:
The ICT Turtle Soup Ultimate V2 is a next-generation liquidity reversal indicator built on the principles of smart money concepts (SMC) and the classic ICT Turtle Soup setup. It is designed to detect false breakouts (liquidity grabs) at key swing points, enhanced by proprietary logic that filters out low-quality signals using a combination of trend context, kill zone timing, candle wick behavior, and multi-timeframe imbalance zones.
This tool is ideal for intraday traders seeking high-probability entry signals near liquidity pools and imbalance zones — where smart money makes its move.
🔍 What This Script Does
🧠 Liquidity Grab Detection (Turtle Soup Core Logic)
The script scans for recent swing highs/lows using a user-defined lookback.
A signal is generated when price breaks above/below a previous swing level but closes back inside — indicating a liquidity run and likely reversal.
A special Wick Trap Mode enhances this logic by detecting long-wick fakeouts — where the wick grabs stops but the candle body closes opposite the breakout direction.
📉 Trend Filter with ATR Buffer
Optional trend filter uses a simple moving average (SMA) to gauge market direction.
Instead of hard filtering, it applies an ATR-based buffer to allow for entries near the trend line, reducing signal suppression from micro-fluctuations.
🕰️ Kill Zone Session Filtering
Only show signals during institutional trading hours:
London Session
New York AM
Or any custom user-defined session
Helps traders avoid low-volume hours and focus on where stop hunts and price expansions typically occur.
🧱 Multi-Timeframe FVG Confluence (Optional)
Signal validation is strengthened by checking if price is within a higher timeframe Fair Value Gap — commonly used to identify imbalances or inefficiencies.
Filters out setups that lack underlying displacement or order flow justification.
🎨 Visual Feedback
Plots 🔺 bullish and 🔻 bearish markers at signal candles.
Optionally displays:
Swing High/Low Labels (SH / SL)
Reversal distance labels
Background color shading on valid signals
Includes built-in alerts for automated trade notification.
🔑 Unique Benefits
Wick Trap Detection: A proprietary approach to detecting stop hunts via wick behavior, not just candle closes.
ATR-based trend filtering: Avoids unnecessary filtering while still maintaining directional bias.
All-in-one system: No need to stack multiple indicators — swing detection, reversal logic, session filtering, and imbalance confirmation are all integrated.
💡 How to Use
Enable Wick Trap Mode to detect stealthy liquidity grabs with strong wicks.
Use Kill Zone filters to trade only when institutions are active.
Optionally enable FVG confluence to improve confidence in reversal zones.
Watch for Bullish signals near SL levels and Bearish signals near SH levels.
Combine with your own execution strategy or other SMC tools for optimal results.
🔗 Best Used With:
Maximize your edge by combining this script with complementary SMC-based tools:
✅ First FVG — Opening Range Fair Value Gap Detector
✅ ICT SMC Liquidity Grabs + OB + Fibonacci OTE Levels
✅ Liquidity Levels — Smart Swing Highs and Lows with horizontal line projections
First FVG Custom Time RangeFirst FVG — Opening Range Fair Value Gap Detector
Smart Money Opening Imbalance Strategy Tool
This script automatically detects and highlights the first Fair Value Gap (FVG) that forms between 9:30 and 10:00 AM Eastern Time (New York session open) — a critical period often referred to as the Opening Range. It’s designed for Smart Money traders looking to isolate early-morning inefficiencies that may influence market behavior throughout the trading day.
🔍 What This Script Does:
Automatically Detects the First FVG in the Opening Range
Scans price action between 9:30 and 10:00 AM ET and identifies the first valid bullish or bearish FVG that forms.
Only one FVG is shown per day — ensuring a clean, focused view.
Draws a Visual Zone
Once detected, the FVG zone is extended forward on the chart (customizable duration).
A labeled zone helps users track how price reacts to it throughout the session.
Optional Retest Alerts
Alerts you when price re-enters the zone — a potential reaction point used by SMC traders.
Customization Options
Set your preferred session time window
Adjust zone duration (in bars)
Customize label font size, colors, and visibility
Enable/disable alert on retest
📈 Why the First FVG Matters:
Time-Sensitive Setup: The first FVG typically forms no earlier than 9:31 AM ET and represents a potential “time distortion” or imbalance zone created by aggressive market participants during the open.
Behavioral Study: Many traders journal how price behaves around this zone each day — whether it acts as support, resistance, or gets traded through later in the session.
Predictive Value: Observing how this zone is respected or broken can provide anticipatory insight into intraday price action, rather than reactive analysis.
Great for New Traders: This opening FVG is often recommended as a starting reference point for building trade models and understanding how institutional imbalances unfold.
🚀 What Makes It Unique:
This tool doesn’t spam your chart with every FVG. It laser-focuses on a single, time-bound zone backed by institutional logic — the first presented imbalance of the day during the opening range.
Use it to:
Monitor price behavior around early inefficiencies
Plan journal entries and pattern recognition
Align intraday setups with a high-probability SMC model
Whether you’re scalping, journaling market structure, or refining entries based on liquidity behavior — this script helps you make the first 30 minutes count.
Delta Magnet Zone LiteDelta Magnet Zone Lite is exactly what it sounds like. It is areas where price cold potentially act as a magnet zone for price. Delta Magnet Zone Lite is a lightweight yet powerful visual tool that highlights potential liquidity traps and high-probability reversal zones based on volume spikes and wick imbalances. Designed for precision traders, this indicator visually marks key “magnet” zones where price may react, reverse, or consolidate due to prior aggressive buying or selling activity.
🔹 Core Logic:
Volume Spike Detection
Identifies candles with significantly higher volume than the moving average (customizable). These are likely areas of institutional interest or stop-hunt events.
Wick Ratio Analysis
Measures the size of the upper or lower wick relative to the total candle range. When combined with volume spikes, this helps detect:
Bullish Traps: Large lower wicks with strong buying volume
Bearish Traps: Large upper wicks with strong selling volume
Smart Zone Marking
When trap conditions are met, the script draws a semi-transparent colored box (green for bullish, red for bearish) that extends forward in time, highlighting a magnet zone—a price area likely to be retested or respected by future price action.
🛠 Customization Options:
Volume Spike Threshold
Adjust the multiplier for defining what qualifies as "high volume" relative to the average.
Wick Ratio Sensitivity
Fine-tune how extreme the wick size must be to qualify as a trap.
Zone Lifetime (Lookback)
Control how many bars each zone remains active on the chart.
Toggle Visibility
Turn bullish or bearish zones on/off independently for clean charting.
Ideal Use Cases:
Spotting hidden liquidity zones
Identifying exhaustion points in fast markets
Tracking institutional order imbalances
Enhancing confirmation for entry/exit signals
Whether you're trading intraday breakouts or swing-level reversals, Delta Magnet Zone Lite brings clarity to key reaction levels derived from raw price and volume behavior.
PVSRA v5Overview of the PVSRA Strategy
This strategy is designed to detect and capitalize on volume-driven threshold breaches in price candles. It operates on the premise that when a high-volume candle breaks a critical price threshold, not all orders are filled within that candle’s range. This creates an imbalance—similar to a physical system being perturbed—causing the price to revert toward the level where the breach occurred to “absorb” the residual orders.
Key Features and Their Theoretical Underpinnings
Dynamic Volume Analysis and Threshold Detection
Volume Surges as Market Perturbations:
The script computes a moving average of volume over a short window and flags moments when the current volume significantly exceeds this average. These surges act as a perturbation—injecting “energy” into the market.
Adaptive Abnormal Volume Threshold:
By calculating a dynamic abnormal threshold using a daily volume average (via an 89-period VWMA) and standard deviation, the strategy identifies when the current volume is abnormally high. This mechanism mirrors the idea that when a system is disturbed (here, by a volume surge), it naturally seeks to return to equilibrium.
Candle Coloring and Visual Signal Identification
Differentiation of Candle Types:
The script distinguishes between bullish (green) and bearish (red) candles. It applies different colors based on the strength of the volume signal, providing a clear, visual representation of whether a candle is likely to trigger a price reversion.
Implication of Unfilled Orders:
A red (bearish) candle with high volume implies that sell pressure has pushed the price past a critical threshold—yet not all buy orders have been fulfilled. Conversely, a green (bullish) candle indicates that aggressive buying has left pending sell orders. In both cases, the market is expected to reverse toward the breach point to restore balance.
Trade Execution Logic: Normal and Reversal Trades
Normal Trades:
When a high-volume candle breaches a threshold and meets the directional conditions (e.g., a red candle paired with price above a daily upper band), the strategy enters a trade anticipating a reversion. The underlying idea is that the market will move back to the level where the threshold was crossed—clearing the residual orders in a manner analogous to a system following the path of least resistance.
Reversal Trades:
The strategy also monitors for clusters of consecutive signals within a short lookback period. When multiple signals accumulate, it interprets this as the market having overextended and, in a corrective move, reverses the typical trade direction. This inversion captures the market’s natural tendency to “correct” itself by moving in discrete, quantized steps—each step representing the absorption of a minimum quantum of order imbalance.
Risk and Trade Management
Stop Loss and Take Profit Buffers:
Both normal and reversal trades include predetermined buffers for stop loss and take profit levels. This systematic risk management approach is designed to capture the anticipated reversion while minimizing potential losses, aligning with the idea that market corrections follow the most energy-efficient path back to equilibrium.
Symbol Flexibility:
An option to override the chart’s symbol allows the strategy to be applied consistently across different markets, ensuring that the volume and price dynamics are analyzed uniformly.
Conceptual Bridge: From Market Dynamics to Trade Execution
At its core, the strategy treats market price movements much like a physical system that seeks to minimize “transactional energy” or inefficiency. When a price candle breaches a key threshold on high volume, it mimics an injection of energy into the system. The subsequent price reversion is the market’s natural response—moving in the most efficient path back to balance. This perspective is akin to the principle of least action, where the system evolves along the trajectory that minimizes cumulative imbalance, and it acknowledges that these corrections occur in discrete steps reflective of quantized order execution.
This unified framework allows the PVSRA strategy to not only identify when significant volume-based threshold breaches occur but also to systematically execute trades that benefit from the expected corrective moves.
Turtle Soup ICT Strategy [TradingFinder] FVG + CHoCH/CSD🔵 Introduction
The ICT Turtle Soup trading setup, designed in the ICT style, operates by hunting or sweeping liquidity zones to exploit false breakouts and failed breakouts in key liquidity Zones, such as recent highs, lows, or major support and resistance levels.
This setup identifies moments when the price breaches these liquidity zones, triggering stop orders placed (Stop Hunt) by other traders, and then quickly reverses direction. These movements are often associated with liquidity sweeps that create temporary market imbalances.
The reversal is typically confirmed by one of three structural shifts : a Market Structure Shift (MSS), a Change of Character (CHoCH), or a break of the Change in State of Delivery (CISD). Each of these structural shifts provides a reliable signal to interpret market intent and align trading decisions with the expected price movement. After the structural shift, the price frequently pullback to a Fair Value Gap (FVG), offering a precise entry point for trades.
By integrating key concepts such as liquidity, liquidity sweeps, stop order activation, structural shifts (MSS, CHoCH, CISD), and price imbalances, the ICT Turtle Soup setup enables traders to identify reversal points and key entry zones with high accuracy.
This strategy is highly versatile, making it applicable across markets such as forex, stocks, cryptocurrencies, and futures. It offers traders a robust and systematic approach to understanding price movements and optimizing their trading strategies
🟣 Bullish and Bearish Setups
Bullish Setup : The price first sweeps below a Sell-Side Liquidity (SSL) zone, then reverses upward after forming an MSS or CHoCH, and finally pulls back to an FVG, creating a buying opportunity.
Bearish Setup : The price first sweeps above a Buy-Side Liquidity (BSL) zone, then reverses downward after forming an MSS or CHoCH, and finally pulls back to an FVG, creating a selling opportunity.
🔵 How to Use
To effectively utilize the ICT Turtle Soup trading setup, begin by identifying key liquidity zones, such as recent highs, lows, or support and resistance levels, in higher timeframes.
Then, monitor lower timeframes for a Liquidity Sweep and confirmation of a Market Structure Shift (MSS) or Change of Character (CHoCH).
After the structural shift, the price typically pulls back to an FVG, offering an optimal trade entry point. Below, the bullish and bearish setups are explained in detail.
🟣 Bullish Turtle Soup Setup
Identify Sell-Side Liquidity (SSL) : In a higher timeframe (e.g., 1-hour or 4-hour), identify recent price lows or support levels that serve as SSL zones, typically the location of stop-loss orders for traders.
Observe a Liquidity Sweep : On a lower timeframe (e.g., 15-minute or 30-minute), the price must move below one of these liquidity zones and then reverse. This movement indicates a liquidity sweep.
Confirm Market Structure Shift : After the price reversal, look for a structural shift (MSS or CHoCH) indicated by the formation of a Higher Low (HL) and Higher High (HH).
Enter the Trade : Once the structural shift is confirmed, the price typically pulls back to an FVG. Enter a buy trade in this zone, set a stop-loss slightly below the recent low, and target Buy-Side Liquidity (BSL) in the higher timeframe for profit.
🟣 Bearish Turtle Soup Setup
Identify Buy-Side Liquidity (BSL) : In a higher timeframe, identify recent price highs or resistance levels that serve as BSL zones, typically the location of stop-loss orders for traders.
Observe a Liquidity Sweep : On a lower timeframe, the price must move above one of these liquidity zones and then reverse. This movement indicates a liquidity sweep.
Confirm Market Structure Shift : After the price reversal, look for a structural shift (MSS or CHoCH) indicated by the formation of a Lower High (LH) and Lower Low (LL).
Enter the Trade : Once the structural shift is confirmed, the price typically pulls back to an FVG. Enter a sell trade in this zone, set a stop-loss slightly above the recent high, and target Sell-Side Liquidity (SSL) in the higher timeframe for profit.
🔵 Settings
Higher TimeFrame Levels : This setting allows you to specify the higher timeframe (e.g., 1-hour, 4-hour, or daily) for identifying key liquidity zones.
Swing period : You can set the swing detection period.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
FVG Length : Default is 120 Bar.
MSS Length : Default is 80 Bar.
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filter s:
Very Aggressive Filter: Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter: Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
In the indicator settings, you can customize the visibility of various elements, including MSS, FVG, and HTF Levels. Additionally, the color of each element can be adjusted to match your preferences. This feature allows traders to tailor the chart display to their specific needs, enhancing focus on the key data relevant to their strategy.
🔵 Conclusion
The ICT Turtle Soup trading setup is a powerful tool in the ICT style, enabling traders to exploit false breakouts in key liquidity zones. By combining concepts of liquidity, liquidity sweeps, market structure shifts (MSS and CHoCH), and pullbacks to FVG, this setup helps traders identify precise reversal points and execute trades with reduced risk and increased accuracy.
With applications across various markets, including forex, stocks, crypto, and futures, and its customizable indicator settings, the ICT Turtle Soup setup is ideal for both beginner and advanced traders. By accurately identifying liquidity zones in higher timeframes and confirming structure shifts in lower timeframes, this setup provides a reliable strategy for navigating volatile market conditions.
Ultimately, success with this setup requires consistent practice, precise market analysis, and proper risk management, empowering traders to make smarter decisions and achieve their trading goals.
Price Action Analyst [OmegaTools]Price Action Analyst (PAA) is an advanced trading tool designed to assist traders in identifying key price action structures such as order blocks, market structure shifts, liquidity grabs, and imbalances. With its fully customizable settings, the script offers both novice and experienced traders insights into potential market movements by visually highlighting premium/discount zones, breakout signals, and significant price levels.
This script utilizes complex logic to determine significant price action patterns and provides dynamic tools to spot strong market trends, liquidity pools, and imbalances across different timeframes. It also integrates an internal backtesting function to evaluate win rates based on price interactions with supply and demand zones.
The script combines multiple analysis techniques, including market structure shifts, order block detection, fair value gaps (FVG), and ICT bias detection, to provide a comprehensive and holistic market view.
Key Features:
Order Block Detection: Automatically detects order blocks based on price action and strength analysis, highlighting potential support/resistance zones.
Market Structure Analysis: Tracks internal and external market structure changes with gradient color-coded visuals.
Liquidity Grabs & Breakouts: Detects potential liquidity grab and breakout areas with volume confirmation.
Fair Value Gaps (FVG): Identifies bullish and bearish FVGs based on historical price action and threshold calculations.
ICT Bias: Integrates ICT bias analysis, dynamically adjusting based on higher-timeframe analysis.
Supply and Demand Zones: Highlights supply and demand zones using customizable colors and thresholds, adjusting dynamically based on market conditions.
Trend Lines: Automatically draws trend lines based on significant price pivots, extending them dynamically over time.
Backtesting: Internal backtesting engine to calculate the win rate of signals generated within supply and demand zones.
Percentile-Based Pricing: Plots key percentile price levels to visualize premium, fair, and discount pricing zones.
High Customizability: Offers extensive user input options for adjusting zone detection, color schemes, and structure analysis.
User Guide:
Order Blocks: Order blocks are significant support or resistance zones where strong buyers or sellers previously entered the market. These zones are detected based on pivot points and engulfing price action. The strength of each block is determined by momentum, volume, and liquidity confirmations.
Demand Zones: Displayed in shades of blue based on their strength. The darker the color, the stronger the zone.
Supply Zones: Displayed in shades of red based on their strength. These zones highlight potential resistance areas.
The zones will dynamically extend as long as they remain valid. Users can set a maximum number of order blocks to be displayed.
Market Structure: Market structure is classified into internal and external shifts. A bullish or bearish market structure break (MSB) occurs when the price moves past a previous high or low. This script tracks these breaks and plots them using a gradient color scheme:
Internal Structure: Short-term market structure, highlighting smaller movements.
External Structure: Long-term market shifts, typically more significant.
Users can choose how they want the structure to be visualized through the "Market Structure" setting, choosing from different visual methods.
Liquidity Grabs: The script identifies liquidity grabs (false breakouts designed to trap traders) by monitoring price action around highs and lows of previous bars. These are represented by diamond shapes:
Liquidity Buy: Displayed below bars when a liquidity grab occurs near a low.
Liquidity Sell: Displayed above bars when a liquidity grab occurs near a high.
Breakouts: Breakouts are detected based on strong price momentum beyond key levels:
Breakout Buy: Triggered when the price closes above the highest point of the past 20 bars with confirmation from volume and range expansion.
Breakout Sell: Triggered when the price closes below the lowest point of the past 20 bars, again with volume and range confirmation.
Fair Value Gaps (FVG): Fair value gaps (FVGs) are periods where the price moves too quickly, leaving an unbalanced market condition. The script identifies these gaps:
Bullish FVG: When there is a gap between the low of two previous bars and the high of a recent bar.
Bearish FVG: When a gap occurs between the high of two previous bars and the low of the recent bar.
FVGs are color-coded and can be filtered by their size to focus on more significant gaps.
ICT Bias: The script integrates the ICT methodology by offering an auto-calculated higher-timeframe bias:
Long Bias: Suggests the market is in an uptrend based on higher timeframe analysis.
Short Bias: Indicates a downtrend.
Neutral Bias: Suggests no clear directional bias.
Trend Lines: Automatic trend lines are drawn based on significant pivot highs and lows. These lines will dynamically adjust based on price movement. Users can control the number of trend lines displayed and extend them over time to track developing trends.
Percentile Pricing: The script also plots the 25th percentile (discount zone), 75th percentile (premium zone), and a fair value price. This helps identify whether the current price is overbought (premium) or oversold (discount).
Customization:
Zone Strength Filter: Users can set a minimum strength threshold for order blocks to be displayed.
Color Customization: Users can choose colors for demand and supply zones, market structure, breakouts, and FVGs.
Dynamic Zone Management: The script allows zones to be deleted after a certain number of bars or dynamically adjusts zones based on recent price action.
Max Zone Count: Limits the number of supply and demand zones shown on the chart to maintain clarity.
Backtesting & Win Rate: The script includes a backtesting engine to calculate the percentage of respect on the interaction between price and demand/supply zones. Results are displayed in a table at the bottom of the chart, showing the percentage rating for both long and short zones. Please note that this is not a win rate of a simulated strategy, it simply is a measure to understand if the current assets tends to respect more supply or demand zones.
How to Use:
Load the script onto your chart. The default settings are optimized for identifying key price action zones and structure on intraday charts of liquid assets.
Customize the settings according to your strategy. For example, adjust the "Max Orderblocks" and "Strength Filter" to focus on more significant price action areas.
Monitor the liquidity grabs, breakouts, and FVGs for potential trade opportunities.
Use the bias and market structure analysis to align your trades with the prevailing market trend.
Refer to the backtesting win rates to evaluate the effectiveness of the zones in your trading.
Terms & Conditions:
By using this script, you agree to the following terms:
Educational Purposes Only: This script is provided for informational and educational purposes and does not constitute financial advice. Use at your own risk.
No Warranty: The script is provided "as-is" without any guarantees or warranties regarding its accuracy or completeness. The creator is not responsible for any losses incurred from the use of this tool.
Open-Source License: This script is open-source and may be modified or redistributed in accordance with the TradingView open-source license. Proper credit to the original creator, OmegaTools, must be maintained in any derivative works.
Swing Volume Profiles [LuxAlgo]The Swing Volume Profiles indicator aims to calculate and highlight trading activity at specific price levels between two swing points; allowing traders to reveal dominant and/or significant price levels based on volume.
By measuring traded volume at all price levels in the market over a specified time period, the script can also be used to detect some key analysis generally such as supply & demand, buy-side & sell-side liquidity levels, unfilled liquidity voids, and imbalances that can highlight on the chart.
🔶 USAGE
A volume profile is an advanced charting tool that displays the traded volume at different price levels over a specific period. It helps you visualize where the majority of trading activity has occurred.
Key Levels are the areas where the volume is concentrated or where there are significant volume spikes. These levels are known as key support and resistance levels. High-volume nodes indicate areas of high activity and are likely to act as support or resistance in the future.
Volume profile also helps identify value areas, which represent the price levels where the most trading activity has taken place. These levels can act as areas of support or resistance as traders perceive them as fair value.
The Point of Control describes the price level where the most volume was traded. A Naked Point of Control (also called a Virgin Point of Control) is a previous POC that has not been traded. Extending PoC options 'Until Bar Cross' or 'Until Bar Touch' helps in identifying Naked Point of Control Lines.
Previous PoC levels can serve as support and resistance for future price movements. Extending PoC Level 'Until Last Bar' option will help to identify such levels.
🔶 DETAILS
One of the unique features of the script is its ability to detect some other key levels such as levels of acceptance and rejection.
Levels of rejection we may summarize as supply and demand levels, these are also referred to as buy-side and sell-side liquidity levels. They usually occur at extreme highs or lows, where prices may be too high for buyers (high supply, low demand) or too low for sellers (low supply, high demand)
Levels of acceptance are the levels where Liquidity Voids occur, these are also referred to imbalances. Liquidity voids are sudden changes in price when the price jumps from one level to another. The peculiar thing about liquidity voids is that they almost always fill up, so we call them levels of acceptance.
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case:
Point Of Control Line is touched/crossed
Value Area High Line is touched/crossed
Value Area Low Line is touched/crossed
🔶 SETTINGS
🔹 Display Options
Mode: Controls the lookback length of detection and visualization, where Present assumes last X bars specifid in '# Bars' option and Historical assumes all data available to the user as well as allowed limits of visiual objects (boxs, lines, labels etc)
# Bars: Controls the lookback length.
🔹 Swing Volume Profiles
The script takes into account user-defined parameters and plots volume profiles. Due to Pine Script™ drwaing objects limit only total volume profiles are presented.
Swing Detection Length: Lookback period
Swing Volume Profiles: Toggles the visibility of the Volume Profiles, with color options to differentiate the Value Area within a profile.
Profile Range Background Fill: Toggles the visibility of the Volume Profiles Range
🔹 Point of Control (PoC)
Point of Control (POC) – The price level for the time period with the highest traded volume
Point of Control (PoC): Toggles the visibility of the Point of Control
Developing PoC: Toggles the visibility of the Developing PoC
Extend PoC: Option that allows detecting virgin PoC levels. Virgin Point of Control (VPoC) is defined as a Point of Control that has never been revisited or touched. The option also allows PoC levels to extend till the last bar aiming to present levels from history where the levels were traded significantly and those levels can be used as support and resistance levels.
🔹 Value Area (VA)
Value Area (VA) – The range of price levels in which the specified percentage of all volume was traded during the time period.
Value Area Volume %: Specifies percentage of the Value Area
Value Area High (VAH): Toggles the visibility of the Value Area High, the highest price level within the Value Area
Value Area Low (VAL): Toggles the visibility of the Value Area Low, the lowest price level within the Value Area
Value Area (VA) Background Fill: Toggles the visibility of the Value Area Range
🔹 Liquidity Levels / Voids
Unfilled Liquidity, Thresh: Enable display of the Unfilled Liquidity Levels and Liquidity Voids, where threshold value defines the significance of the level.
🔹 Profile Stats
Position, Size: Specifies the position and the size of the label presenting Profile Stats, the tooltip of the label includes all related info for each profile.
Price, Price Change, and Cumulative Volume: Enable display of the given options on the chart.
🔹 Volume Profile Others
Number of Rows: Specify how many rows each histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and may cause fewer historical profiles to be displayed.
Placement: Place profile either left or right.
Profile Width %: Alters the width of the rows in the histogram, relative to the calculated profile length.
🔶 RELATED SCRIPTS
Alternative Liquidity Void Detection script, Buyside-Sellside-Liquidity
