LIT - Confirmations

7 dic

Overview

The LIT - Confirmations Indicator is a dynamic checklist tool designed for traders who uses LIT Strategy (Liquidity Inducement Theory) following liquidity and smart money concepts as benefit. This tool allows users to document and track essential trading confirmations directly on their TradingView charts, offering a structured and visual approach to market analysis.


What Makes This Unique?

Unlike other open-source tools, the LIT - Confirmations Indicator introduces a fully interactive and customizable table directly on the chart. This table provides real-time feedback with clear ✅ (checked) and ❌ (unchecked) visual indicators for each confirmation. The user can position the table on the chart according to their preference, ensuring it integrates seamlessly into their trading workflow without obscuring critical chart data.


How It Works

1. Predefined Confirmations
The indicator includes a set of commonly used trading confirmations:

Identify Liquidity: Mark areas where liquidity might pool.
Inducement: Confirm the presence of inducements before market reversals.
Relevant Break of Structure (BOS): Validate critical structural changes.
Mitigation after RBoS: Check for mitigation following a BOS.
Smart Money Trap (SMT): Identify traps often utilized by smart money.
Timing: Ensure trades are entered during high-probability time windows.
Mitigation to the Leftside: Confirm whether price action aligns with prior mitigations.
Set Targets: Define and document logical take-profit or stop-loss levels.

2.Interactive Table Display

A table is dynamically created on the chart, showing all confirmations with their current state (checked or unchecked).
Users can choose the position of the table (top, middle, or bottom and left, center, or right) and customize its background color for better visibility.

3. Customization

All confirmations are toggled through the input settings, allowing traders to adapt the indicator to their unique strategies.
The display can be easily adjusted to match the trader’s preferences without cluttering the chart.


How to Use

1. Add the indicator to your chart.
2. Open the settings panel to activate the relevant confirmations for your analysis.
3. Use the Display Settings section to adjust the table's position and background color.
4. View the table on your chart to track selected confirmations in real-time.


Who Is This For?
This indicator is ideal for traders who:

• Use Liquidity Inducent Theory strategy in their analysis.
  
• Prefer a structured and systematic trading approach.
  
• Need an on-chart tool to document confirmations without relying on external notes or tools.
  

Why Closed Source?

The logic behind the interactive table and confirmation system is specifically tailored to LIT practitioners and is not publicly available in existing open-source scripts. The closed-source nature of this script protects its unique implementation, ensuring the integrity and exclusivity of the tool.


Disclaimer

This indicator does not provide trading signals or strategies. It is a tool to document user-defined confirmations and should be used in conjunction with a thorough understanding of market behavior and risk management practices.