Market Order Bubbles + Trapped Positions [Pt]

"Market Order Bubbles + Trapped Positions" is a multifaceted TradingView indicator, employing volume data to depict intensified market activities. By highlighting aggressive buying/selling behaviors, this tool serves as a dependable aid in pinpointing potential trading reversals. Additionally, it proves an effective device for real-time market trend monitoring. The unique ability of this indicator to spotlight 'Trapped Positions'—resulting from such vigorous trading activity—helps identify crucial price levels or ranges that may lead to significant price responses.

Market Order Bubbles

The Market Order Bubbles feature capitalizes on volume data to estimate market orders. High bullish volume is indicative of a surge in buy orders, while strong bearish volume flags an increase in sell orders. These orders are visually represented by bubbles of different sizes, corresponding directly to the volume strength, thus providing traders with an immediate, intuitive understanding of market activity.

Trapped Positions/Zones

The concept of Trapped Positions emerges when sizable buy orders appear during a bearish market trend, or vice versa. For instance, if a considerable sell order is detected during a bullish uptrend, it signifies that those short positions may be 'trapped'. These positions help in plotting potential price range zones. When the price revisits these zones and the market trend maintains its bullish inclination, trapped shorts might opt for liquidation near break-even to mitigate losses. The reverse holds true in a bearish downtrend.

Trend Follower

The Trend Follower feature is a supportive tool that aims to discern price trends, color-coding candle bars for clarity. This function assists traders by presenting a simplified view of the prevailing trend, helping to minimize distractions caused by minor price shifts.

The utility of the Trend Follower is its ability to aid traders in focusing on the larger market direction. It allows traders to concentrate on the more substantial trend and make decisions that align with this broader market movement, rather than reacting to every minor price fluctuation. As a result, this feature may support traders in maintaining their positions for a longer duration, which could potentially enhance their trading outcomes. The Trend Follower, therefore, offers a helpful contribution to a balanced and effective trading approach.

In essence, the "Market Order Bubbles + Trapped Positions" indicator with its Trend Follower feature provides traders with a comprehensive understanding of market dynamics, allowing them to navigate the financial markets with increased precision and confidence. Its unique features, designed to highlight significant market activities and trends, can greatly aid in refining trading strategies, making it a potentially invaluable tool in a trader's arsenal.

Note di rilascio:

Added option to toggle methods for visualization of trapped zone liquidation. By checking "Liquidate zones on first touch" option, trapped zones disappears on initial price touch. Otherwise, toggle off to show remaining trapped zones. For example:

Added options for trapped zones text label alignment

Note di rilascio:

Adding a fun visual feature. You can now show 🐮🐻 instead of bubbles? 🤣. You can also customize your emoji in the Style tab. Cheers and happy trading~

Note di rilascio:

Added Outputs for Market Order Bubbles for external interface. These can be used as inputs to your own indicator or strategy. For more info, take a look at this TradingView blog:
https://www.tradingview.com/blog/en/more-external-inputs-for-scripts-38014/

Market Order Bubbles output values:
3 = Large size Bullish Bubble
2 = Medium size Bullish Bubble
1 = Small size Bullish Bubble
0 = No Bubble
-1 = Small size Bearish Bubble
-2 = Medium size Bearish Bubble
-3 = Large size Bearish Bubble

Note di rilascio:

█ Feature updates

◊ Added option to only show bubbles when price is inside trapped zone
◊ Added option to show 'Potential Traps' zones before they become active