Deep study of H4 statistical levels to help traders identify potential manipulation and expansion zones in 4-hour (H4) candles. Built on analysis of over 30,000 historical H4 candles since 2005, this indicator provides statistical probability levels for both manipulation and expansion phases of price action.
Core Concept
The indicator is based on the principle that H4 candles typically follow a pattern of: 1. Accumulation 2. Manipulation (often appearing as a wick) 3. Expansion (the main price move)
Key Features
Statistical Framework - Author analyzed 5,000 candles per specific time window - Calculated manipulation depths as a percentage of previous candle size - Provides three key statistical levels: - Q1 (25% quantile): Level touched 75% of the time - Median (50% quantile): Level touched 50% of the time - Q3 (75% quantile): Level breached only 25% of the time
Bias Confirmation System - Dual-direction analysis showing both bullish and bearish scenarios - Warning bands to alert when price reaches statistical levels of opposite bias - Real-time bias validation through price action development
Time Window Analysis - Specific calculations for each 4-hour window - Custom statistics for different trading sessions - Historical pattern recognition per time slot
Practical Applications
Trading Setup Identification - Helps determine potential manipulation depths before expansion - Provides statistical support for entry and exit decisions - Alerts traders to potential bias shifts during candle development
Risk Management - Statistical probability levels for stop loss placement - Warning systems for bias invalidation - Multiple timeframe confirmation possibilities
Trading Approach - Particularly effective for trading expansions after manipulation phases - Can be used for both trend following and reversal strategies
Technical Details - Built on extensive historical data (30,000+ H4 candles) - Probability distribution-based calculations - Percentage-based measurements relative to previous candle size
Important Notes - This is a statistical tool, not a signal generator - Requires understanding of market structure and price action - Most effective when used as part of a complete trading strategy - Results based on historical probability, not guaranteed future outcomes
## Ideal For - Price action traders - Traders focused on institutional manipulation levels - Statistical approach traders
How to use it 1. Wait for manipulation phase completion 2. Confirm bias with price action 3. Use warning bands to validate or invalidate bias 4. Consider position sizing based on statistical probabilities 5. Monitor both bullish and bearish scenarios simultaneously
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta keypoems o segui le istruzioni dell'autore riportate di seguito.
TradingView non suggerisce di pagare per uno script e di utilizzarlo a meno che non ci si fidi al 100% del suo autore e non si comprenda il suo funzionamento. In molti casi, è possibile trovare gratuitamente una buona alternativa open-source nei nostri Script della comunità.
Istruzioni dell'autore
″Indicator will be released when I reach 1,000 subs on YT. More info about my indicators, mailing list and YT channel here: https://bento.me/keypoems
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.