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Smart RebalanceThis script is based on the portfolio rebalancing strategy. It's designed to work with cryptocurrencies, but it can work with any market. How portfolio rebalance works? Let's assume your initial capital is $1000, and you want to distribute it into 4 coins. This script takes the USDT as the stable coin for the initial money, so in case you want other currency, the pairs must be with that fiat as the quote. Following our example, you would take BTC, ETH, BNB, and FTT. After selecting the coins, it's time to choose how much allocation is on each. Let's put 25% on each. This way, $250 of our capital on each coin. After selecting the coins and their allocation, you choose the price change ratio for rebalancing. Let's use 1%. Next, you start to watch the markets. The first thing that happens, following our example, is the BTCUSDT price moving 1% up. That amount hit the ratio of 1% for the rebalance. Hence, you sell 1% of BTC for USDT and redistribute to the other coins, buying 0.25% of each currency to rebalance the portfolio. Next, ETHUSDT goes 1% down, time to rebalance again. This time, you need to take 0.33% of each other coin and buy ETH, so this way, it's all divided as the chosen allocation. Why use rebalancing? Looks easy, right? It is, but very time demanding. Demands even more if you raise the number of coins you want to distribute. Having a system to do that automatically is a must to work efficiently. Rebalancing spreads the risk among multiple currencies. This way, you earn small when it goes up, but you lose small when it goes down. What this script helps with portfolio rebalance? This indicator will not buy/sell for you but will help you choose the best markets for your rebalancing. Which coin will work best in that period? Do I need to have more than 8 coins? How much must be my ratio? Those questions you can answer using this indicator. What this script has? Start and End dates The script will work for a certain period. All calculations will be done in that period. Coin Ratio % The amount of price movement of each asset that will be used to calculate the rebalancing Initial Capital and Broker Fee The amount of capital to be used on the rebalancing and the broker fee you want to use the strategy. The cost will be applied on every trade, buying or selling the coins. Assets, allocations, and colors It's possible to select from 2 to 10 assets to be used on the portfolio. Each purchase must have the allocation %. Suppose the sum of the allocations is different from 100%. In that case, a warning message will appear on the chart instead of the statistics. Panel and tooltips There is a panel with a summary of the results Set allocations automatically There is an option to make the indicator use the daily asset volume from the day before to determine the allocation percentage of each asset. This option is better if you are unsure how much allocation you want to use on each coin. Use this indicator as a backtest for your rebalancing strategy. The selected market on the chart will not affect the calculation on this indicator, but the time frame will. The higher the time frame, the higher the coin ratio % must be. About the code The code is written to use arrays to store the values of each asset, making the calculations on each candle inside the time range. The for-loops are used to reduce the code length and make it easy to change the analysis of all assets. Finally, the script has some comments on the code.
Indicatore Pine Script®
di ThiagoSchmitz
4
Smart Swing Strategy for StockSpecial indicator for stock but you can try another instrument. Trend determination and buy/sell signals are using the Alligator system from Bill Williams . To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA , EMA , WMA ). Please leave comments if any opinions. Disclaimer The content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation, or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from financial or other professional advisers regarding the suitability of the trade for you. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.
Indicatore Pine Script®
di Hampeh
6
Smart Entry BETAA Custom Unique indicator by NRTH_ Comes included with the Premium Package. Indicator features Built-In Alerts Visual Risk Management Customizable Entry Rules Usage Tips Smart Entry is currently a BETA algo. we are still in the process of tweaking and programming it only give entry signals when they are confirmed, and work of very strict parameters to allow for trading all the way down to the 5m timeframe. It is currently at a stage where it can produce profitable trades or even just act as a confirmation signal in use with another strategy, but this project will be ongoing until we can obtain high profitability levels on very low timeframes. The algo uses both momentum and trend calculation to find an entry, highly recommended use with the built-in MA Filter for best results. Works for all markets with the ability to customize to your liking. Backtesting Results Info Period 1/1/2021-1/10/2021 Entry value at $1000 with 10x leverage Binance standard taker fee rate (0.04%) ATR Exits : 1:2.9 RR ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Strategia Pine Script®
di NRTH_Indicators
2
Smart AlertsThis indicator provides back-tested signals and alerts from multiple technical indicators. No more guessing whether or not you should trust an indicator. See your indicators' past performance at a glance. No more false alarms. Disable re-painting of signals. When multiple indicators overlap, a Confluence indicator will print (large triangle). With your settings properly tuned, this will show a HIGH probability of a move. Current Signal/Alert Options (more to come): RSI Oversold RSI Overbought EMA Crossing Up EMA Crossing Down Buy Signal Confluence Sell Signal Confluence Instructions: -Enable/disable individual indicators so you can fine tune one at a time -Adjust the indicator's settings -Adjust your trade parameters (Max Wait, Take Profit %). Signals that would have given the desired profit in the time allowed will be painted orange. -Repeat this process with each indicator until you're satisfied -Set-up alerts
Indicatore Pine Script®
di CrazedJEW
9
Smart Labelling - Candlestick ChartingThis is a full-fledged implementation of a system presented in an unique research paper 'Profitability of Candlestick Charting Patterns in the Stock Exchange of Thailand' (2017) on candlestick charting, candlestick patterns, trend identification methods, and testing. You can easily find this paper in the Web. For example, visit: www.researchgate.net This script is best suited for middle-to-higher time frames. Possible future developments: trend identification and factor calculation techniques. Donate: PayPal (paypal.me)
Indicatore Pine Script®
di capissimo
1
Smart Labelling - Range FilterThis is a labelling module based on a range filter . Notice that the trick here is to use fibonachi numbers . Use smaller range multiplier for higher TFs. This module may serve as a signal generator to be passed through a signal filter. Quote from the original author: This is an experimental study designed to filter out minor price action for a clearer view of trends. Inspired by the QQE's volatility filter, this filter applies the process directly to price rather than to a smoothed RSI. First, a smooth average price range is calculated for the basis of the filter and multiplied by a specified amount. Next, the filter is calculated by gating price movements that do not exceed the specified range. Lastly the target ranges are plotted to display the prices that will trigger filter movement.
Indicatore Pine Script®
di capissimo
6
Smart Target Introduction This is the first forward-looking indicator on TradingView! A normal moving average indicator will use two averages of differing lengths, referred to as “fast and slow” or “short and long” moving averages, to identify trends and potential trades. The Smart Target indicator uses the average trade profitability and trade duration of a moving average strategy to determine a forward-looking target that is specific to the chart that it has been applied to. Every historical trade is considered when the indicator determines the future price target of an asset and the accuracy will improve with time as new trade data is continually introduced. Indicator Utility If the fast-moving average crosses above the slow, a blue target will appear. A red target will appear when the fast-moving average crosses below the slow. The target will never change once it has been plotted and will not repaint in any way which means that it is fully functional for trading in real-time. Input Values The period length of the two moving averages will need to be determined by the user and can be changed in the indicator settings panel. View the full documentation on this indicator at this link: www.kenzing.com
Indicatore Pine Script®
di GrantPeace
8
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite! The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Introducing the Mxwll SMC Suite! The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Expanded Features of Mxwll Price Action Suite Internal and External Structures Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals. External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions. Customizable Sensitivities Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves. Break of Structure (BoS) and Change of Character (CHoCH) BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal. CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market. Order Blocks and Market Phases Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money. HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis. Rolling Timeframe Highs/Lows and Volume Comparisons Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels. Compares volume data across different timeframes to assess the strength or weakness of the current price movements. Auto Fibonacci Levels Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements. Session Data and Volume Intensity Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps. Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements. Visualizations and Practical Use Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets. Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns. Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Indicatore Pine Script®
di MXWLL-Capital-Trading
177
FXC Order Block Finder █ OVERVIEW The FXC Order Bock Finder finds and draws institutional order blocks according to the Smart Money Concept. Order blocks are zones where institutions have most likely left some orders that need to be filled at a later point in time. In These order blocks or POIs can be used to either place limit orders or to look for instant entries as price comes to retest the zone. It works on all time frames but higher time frames tend to be more precise. █ HOW DOES IT WORK? The indicator waits for a break of structure (BOS) and then prints a zone if there's an engulfing pattern and an open imbalance. Basically it draws zones where a fake move followed by aggressive buying or selling happened and Imbalances were left open. █ WHAT MAKES IT UNIQUE? Apart from the fact that I haven’t found any indicator that is able to properly draw order blocks most indicators do re-paint which doesn’t make any sense in the case of the Smart Money Concept. Furthermore does this indicator have settings that let’s you adjust how the order blocks are drawn. From wick to end of the imbalance or candle close to imbalance. Also you can set how many candles it takes into consideration for the imbalance in case the imbalance starts after the engulfing pattern has formed. And you can set how many candles have to checked to determine a BOS or an internal BOS by using fractal breaks. █ HOW TO USE IT? Either place sell limits at the lower end of the order block with SL slightly above the OB and buy limits at the upper end of the OB with SL slightly below the OB. Target a fixed Risk Reward Ratio or trade it to the next order block. By using multi time frame analysis you can determine the overall direction of the market and prevent low probability trades. Also worth mentioning is that order blocks that have been created during high volume sessions tend to result in way better trades than with order blocks that have been printed during the Asia session. █ ADDITIONAL INFO As soon as price retested an order block the order block is mitigated and therefore not valid anymore. Also order blocks that are too far back in time are less probable to deliver good trades. In general the win rate tends not to be too high using this method but more often than not there's a reaction as price taps into an order block and trades with high RRR are quite often. As always in trading, proper money management and risk management is key. █ DISCLAIMER This is not financial advice. The Indicator spots these zones according to the smart money concept . However there's absolutely no guarantee that a nice order blocks results in a good trade. █ Examples
Indicatore Pine Script®
di timhutter
8
DOP - Load-Level Identification & Setup Assistant (L.I.S.A)This toolkit is made up of more than 3+ innovative indicators that have been designed to assist people in trading smart-money concepts. Get access to a variety of trading tools & relevant data all within one indicator to create your own, smart-money trading strategy. Catering To SMART-Money Trading Styles Our toolkit works in any market & allows users to: • Detect the trend of the market by displaying real-time changes in market structure. • Detect institutional activity in the market by highlighting structural changes. • Get automatic order block support and resistance levels in real-time to assist with order entry placement and target take profit levels. • Timely removal of order blocks that have been run through to give a clear picture of current market structure. How Does It Work? The algorithm tracks key pivot points within market data and when these are broken by price movements it provides key information to the user such as when it broke structure, where it broke structure and what levels are now considered support and resistance. Trend Bar Colouring The trend bar colouring feature provides a clear visual indication of the market trend by colouring candles red or green depending on the last break in market structure. Market Structure Breaks Breaks in market structure are displayed with a single line between two candles, this indicates that there may have been a shift in market trend. Order Block Levels Once structure breaks it creates support and resistance levels which can help in trade entries and deciding on take profit targets; these are displayed in real-time with colour coded boxes at either the support or resistance levels. If a level has been broken it is automatically removed from the chart to give a clear representation of the current market state. If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader. You can see the Author's instructions below to get instant-access to this indicator.
Indicatore Pine Script®
di DarrenPallatina
9
SIP SmartlyIntroduction: The SIP Smartly indicator is designed to mimic the behavior of a systematic investment plan, a popular investment strategy where a fixed quantity of an asset is purchased at regular intervals, typically monthly. In this case, we're applying this concept to trading by specifying a start date, a fixed purchase quantity, and certain conditions for buying. Indicator Components: User Inputs: 1. Start Date Inputs: startyear, startmonth, startday: These inputs allow you to specify the year, month, and day when the SIP strategy begins. 2. buyQty: This input allows you to specify the quantity of the security to purchase in each SIP installment. What is Standard SIP ? A Standard Systematic Investment Plan (SIP) is an investment strategy where individuals consistently invest a fixed amount of money at regular intervals, such as monthly or quarterly, in mutual funds or stocks. This approach promotes disciplined and long-term investing, taking advantage of rupee-cost averaging, where more shares are purchased when prices are low and fewer when prices are high. SIPs are designed for individuals seeking gradual wealth accumulation over time while mitigating the impact of market volatility through consistent, automated investments. Logic of the Smart SIP Indicator: Dynamic Quantity: The Smart SIP indicator allows you to invest a fixed quantity of a security at regular intervals based on technical analysis conditions. This is different from a standard SIP, where you typically invest a fixed amount of money. Technical Analysis Driven: The Smart SIP indicator employs technical analysis indicators, such as multiple moving averages and uses the crossover of a higher MA with a lower MA which indicates a possible trend reversal, to determine Buy signals based on price trends. In contrast, a standard SIP doesn't consider technical factors but rather involves regular investments regardless of market conditions. Adaptability: Unlike a standard SIP, which follows a predetermined investment schedule, the Smart SIP can adapt to changing market conditions. It triggers Buy actions only when specific technical conditions are met, providing a more flexible and responsive approach to investing or trading. Market Value Tracking: The Smart SIP continuously tracks the market value of the invested quantity in real-time. This allows you to monitor the performance of your SIP investments dynamically, considering market fluctuations. In a standard SIP, you typically track the overall portfolio value without real-time adjustments. Alert Notifications: The Smart SIP can send alert notifications when Buy conditions are met. This feature ensures timely execution of trades when favorable market conditions align with the technical criteria. In a standard SIP, you usually follow a fixed investment schedule without real-time alerting. In summary, the unique logic of the Smart SIP indicator lies in its adaptability, technical analysis-driven approach, and real-time tracking and alerting features, making it well-suited for trading in financial markets while still following the concept of a systematic investment plan. How to Use the SIP Smartly Indicator: Start Date Selection: Input your desired start date using the startyear, startmonth, and startday parameters. This is the date when your SIP strategy will begin. Buy Quantity Setting: Set the buyQty input to the quantity of the security you want to purchase in each SIP installment. Alerts: The indicator can trigger alerts when Buy conditions are met. These alerts can be configured to notify you when it's time to make a SIP installment. Risk Management and Considerations: Confirmation: While the SIP Smartly indicator provides insights, use it alongside other technical and fundamental analysis tools for confirmation before making trading decisions. Backtesting: Before using this indicator in live trading, conduct thorough backtesting on historical data to evaluate its performance under different market conditions. Position Sizing: Determine your position size and risk management rules based on the quantity purchased in each SIP installment. Market Awareness: Stay informed about market conditions and news events that could impact price movements. This indicator is a tool to aid your trading strategy, not a standalone solution. Conclusion: The SIP Smartly Indicator offers a systematic approach to trading by simulating a SIP strategy. By inputting your start date and desired buy quantity, you can follow a disciplined investment approach in your trading. Remember to customize the inputs to match your trading preferences and risk tolerance. Disclaimer: This indicator is provided for educational purposes and should be used with caution. Trading involves risks, and you should thoroughly test any strategy before applying it in live trading.
Indicatore Pine Script®
di jac001
7
[AlbaTherium] MTF Internal Ranges Analysis - IRA-Phoenix for SMCIntroduction: The MTF Internal Ranges Analysis - IRA - Phoenix acts as an extension to the original main SMC Indicator by AlbaTherium . This add-on provides insights into multi-timeframe internal structure points, swing structure points, POIs (Points of Interest), and order blocks (OB). By integrating this enhancement, your multi-timeframe analyses become more streamlined, expediting the process and minimizing chart workload . This tool represents an advanced smart money technical analysis aimed at enhancing your trading experience. It introduces four pivotal concepts: Main Features: Multiple Timeframes and Confluences, SCOB Internal Order Block. Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes SCOB on LTF and SCM on HTF across same Candle By combining these concepts all in one, traders can find confluences zones across multiple timeframes and gain a comprehensive understanding of market dynamics, theses confluences zones empower order block skills and potentiality, showcasing them as essential, crucial, powerful, strategic, and pivotal, one of the pillars in smart money concepts trading strategy to make more informed decisions. Settings Overview: Select timeframe {Select or current chart} Inside bar ranges Internal structure as Internal zigzag {turn on/ off / unconfirmed(live) zigzag} Single Candle Mitigation Pattern {turn on/ off / confirmed / unconfirmed} Single Candle Order Block Pattern {turn on/ off / confirmed / unconfirmed} Demands and Supplies (D&S) {turn on/ off / confirmed / unconfirmed} OB Mitigation {touch/ extended} Understanding the Features: Chapter 1: Multiple Timeframes and Confluences Our Multi-timeframe analysis approach enables traders to analyze market trends and volatility across different timeframes. Confluences, where signals align across multiple timeframes, provide strong indications for trading opportunities. Practical Example: - With MTF IRA - Phoenix , traders can seamlessly transition between different timeframes while maintaining a cohesive analysis. For instance, traders can monitor the M15, H1, or M5 charts while focusing on entry on the M1 timeframe, enabling a holistic view of market trends and opportunities . Chapter 2: SCOB Internal Order Block across Multiple Timeframe SCOB Internal Order Block (SCOB IOB) highlights critical zones in price action, showcasing the dominance of aggressive buyers or sellers on orders blocks. As confluences accumulate across multiple timeframes, the strength of the order block intensifies, presenting entry opportunities. Practical Example: You have the ability to detect zones where price ranges have formed; these areas are highly sought after for taking buying as well as selling positions, especially when these areas are reflected across 1 or 3 timeframes. The only practical way to see theses confluences is to use this Indicator, see the example below Chapter 03: Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes The Demand to Supply or Supply to Demand feature within MTF Internal Ranges Analysis - IRA - Phoenix offers a nuanced analysis of price action dynamics across various timeframes. By identifying shifts in supply and demand zones, traders gain valuable insights into market sentiment and potential price reversals. This feature enables traders to anticipate changes in market direction by recognizing the interplay between demand and supply across different timeframes. By understanding how price reacts at key support and resistance levels, traders can make informed decisions and capitalize on emerging trends. The Demand to Supply or Supply to Demand feature enhances the indicator's usefulness by providing traders with actionable information to navigate complex market conditions effectively. With this comprehensive analysis, traders can better manage risk and optimize trading strategies across multiple timeframes. Real-world Example: Chapter 04: SCOB on LTF and SCM on HTF across same Candle with MTF Internal Ranges Analysis - IRA - Phoenix , explores the concepts of SCOB (Single Candle Order Block) on Lower Timeframes (LTF) and SCM (Single Candle Mitigation) on Higher Timeframes (HTF). SCOB on LTF refers to the identification and analysis of single candle order blocks within shorter timeframes. These blocks represent critical price levels where significant buying or selling activity occurred within a single candlestick. By recognizing SCOB patterns, traders can pinpoint key areas of market interest and anticipate potential price movements. On the other hand, SCM on HTF involves analyzing single candle mitigation entries within longer timeframes. This technique aims to capitalize on price reversals or shifts in market sentiment indicated by single candlestick patterns. By incorporating SCM analysis, traders can gain insights into broader market trends and make strategic trading decisions accordingly. the intricacies of SCOB on LTF and SCM on HTF, offering traders valuable tools to enhance their analysis and decision-making processes across different timeframes. Through a comprehensive understanding of these concepts, traders can identify high-probability trading opportunities and navigate the markets with confidence. Real-world Example: SCOB on M5 and SCM on M15 generate a powerful order block. Conclusion: MTF Internal Ranges Analysis - IRA - Phoenix for Smart Money Concepts is a valuable asset for traders seeking to add more insights in today's dynamic markets especially for Intraday Traders. By focusing on concepts like "Multiple timeframes and Confluences, with one single timeframe u can analyze all timeframes", "SCOB Internal Order Block. With its innovative features and user-friendly interface, whether you're a seasoned trader or just starting your journey, MTF IRA - Phoenix can help you navigate through the complexities of price action and make more informed trading choices. This document provides an extensive overview of MTF Internal Ranges Analysis - IRA - Phoenix, emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
Indicatore Pine Script®
di AlbaTherium
3
Liquidity strategy tester [Influxum]This tool is based on the concept of liquidity. It includes 10 methods for identifying liquidity in the market. Although this tool is presented as a strategy, we see it more as a data-gathering instrument. Warning: This indicator/strategy is not intended to generate profitable strategies. It is designed to identify potential market advantages and help with identifying effective entry points to capitalize on those advantages. Once again, we have advanced the methods of effectively searching for liquidity in the market. With strategies, defined by various entry methods and risk management, you can find your edge in the market. This tool is backed by thorough testing and development, and we plan to continue improving it. In its current form, it can also be used to test well-known ICT or Smart Money concepts. Using various methods, you can define market structure and identify areas where liquidity is located. Fair Value Gaps - one of the entry signal options is fair value gaps, where an imbalance between buyers and sellers in the market can be expected. Time and Price Theory - you can test this by setting liquidity from a specific session and testing entries as that liquidity is grabbed Judas Swing - can be tested as a market reversal after a breakout during the first hours of trading. Power of Three - accumulation can be observed as the market moving within a certain range, identified as cluster liquidity in our tool, manipulation occurs with the break of liquidity, and distribution is the direction of the entry. 🟪 Methods of Identifying Liquidity Pivot Liquidity This refers to liquidity formed by local extremes – the highest or lowest prices reached in the market over a certain period. The period is defined by a pivot number and determines how many candles before and after the high/low were higher/lower. Simply put, the pivot number represents the number of adjacent candles to the left and right, with a lower high for a pivot high and a higher low for a pivot low. The higher the number, the more significant the high/low is. Behind these local market extremes, we expect to find orders waiting for breakout as well as stop-losses. Gann Swing Similar to pivot liquidity, Gann swing identifies significant market points. However, instead of candle highs and lows, it focuses on the closing prices. A Gann swing is formed when a candle closes above (or below) several previous closes (the number is again defined by a strength parameter). Percentage Change Apart from ticks, percentages are also a key unit of market movement. In the search for liquidity, we monitor when a local high or low is formed. For liquidity defined by percentage change, a high must be a certain percentage higher than the last low to confirm a significant high. Similarly, a low must be a defined percentage away from the last significant high to confirm a new low. With the right percentage settings, you can eliminate market noise. Session Range (3x) Session range is a popular concept for finding liquidity, especially in smart money concepts (SMC). You can set up liquidity visualization for the Asian, London, or New York sessions – or even all three at once. This tool allows you to work with up to three sessions, so you can easily track how and if the market reacts to liquidity grabs during these sessions. Tip for traders: If you want to see the reaction to liquidity grab during a specific session at a certain time (e.g., the well-known killzone), you can set the Trading session in this tool to the exact time where you want to look for potential entries. Unfinished Auction Based on order flow theory, an unfinished auction occurs when the market reverses sharply without filling all pending orders. In price action terms, this can be seen as two candles at a local high or low with very similar or identical highs/lows. The maximum difference between these values is defined as Tolerance, with the default setting being 3 ticks. This setting is particularly useful for filtering out noise during slower market periods, like the Asian session. Double Tops and Bottoms A very popular concept not only from smart money concepts but also among price pattern traders is the double bottom and double top. This occurs when the market stops and reverses at a certain price twice in a row. In the tool, you can set how many candles apart these bottoms/tops can be by adjusting the Length parameter. According to some theories, double bottoms are more effective when there is a significant peak between the two bottoms. You can set this in the tool as the Swing value, which defines how large the movement (expressed in ticks) must be between the two peaks/bottoms. The final parameter you can adjust is Tolerance, which defines the possible price difference between the two peaks/bottoms, also expressed in ticks. Range or Cluster Liquidity When the market stays within a certain price range, there’s a chance that breakout orders and stop-losses are accumulating outside of this range. Our tool defines ranges in two ways: Candle balance calculates the average price within a candle (open, high, low, and close), and it defines consolidation when the centers of candles are within a certain distance from each other. Overlap confirms consolidation when a candle overlaps with the previous one by a set percentage. Daily, Weekly, and Monthly Highs or Lows These options simply define liquidity as the previous day’s, week’s, or month’s highs or lows. Visual Settings You can easily adjust how liquidity is displayed on the chart, choosing line style, color, and thickness. To display only uncollected liquidity, select "Delete grabbed liquidity." Liquidity Duration This setting allows you to control how long liquidity areas remain valid. You can cancel liquidity at the end of the day, the second day, or after a specific number of candles. 🟪 Strategy Now we come to the part of working with strategies. Max # of bars after liquidity grab – This parameter allows you to define how many candles you can search for entry signals from the moment liquidity is grabbed. If you are using engulfing as an entry signal, which consists of 2 candles, keep in mind that this number must be at least 2. In general, if you want to test a quick and sharp reaction, set this number as low as possible. If you want to wait for a structural change after the liquidity grab, which may require more candles, set the number a bit higher. 🟪 Strategy - entries In this section, we define the signals or situations where we can enter the market after liquidity has been taken out. Liquidity grab - This setup triggers a trade immediately after liquidity is grabbed, meaning the trade opens as the next candle forms. Close below, close above - This refers to situations where the price closes below liquidity, but then reverses and closes above liquidity again, suggesting the liquidity grab was a false breakout. Over bar - This occurs when the entire candle (high and low) passes beyond the liquidity level but then experiences a pullback. Engulfing - A popular price action pattern that is included in this tool. 2HL - weak, medium, strong - A variation of a popular candlestick pattern. Strong bar - A strong reactionary candle that forms after a liquidity grab. If liquidity is grabbed at a low, this would be a strong long candle that closes near its high and is significantly larger compared to typical volatility. Naked bar - A candlestick pattern we’ve tested that serves as a good confirmation of market movement. FVG (Fair Value Gap) - A currently popular concept. This is the only signal with additional settings. “Pending FVG order valid” means if a fair value gap forms after a liquidity grab, a limit order is placed, which remains valid for a set number of candles. “FVG minimal tick size” allows you to filter based on the gap size, measured in ticks. “GAP entry model” lets you decide whether to place the limit order at the gap close or its edge. 🟪 Strategy - General Long, short - You can choose whether to focus on long or short trades. It’s interesting to see how long and short trades yield different results across various markets. Pyramiding - By default, the tool opens only one trade at a time. If a new signal arises while a trade is open, it won’t enter another position unless the pyramiding box is checked. You also need to set the maximum number of open trades in the Properties. Position size - Simply set the size of the traded position. 🟪 Strategy - Time In this section, you can set time parameters for the strategy being tested. Test since year - As the name implies, you can limit the testing to start from a specific year. Trading session - Define the trading session during which you want to test entries. You can also visualize the background (BG) for confirmation. Exclude session - You can set a session period during which you prefer not to search for trades. For example, when the New York session opens, volatility can sharply increase, potentially reducing the long-term success rate of the tested setup. 🟪 Strategy - Exits This section lets you define risk management rules. PT & SL - Set the profit target (PT) and stop loss (SL) here. Lowest/highest since grab - This option sets the stop loss at the lowest point after a liquidity grab at a low or at the highest point after a liquidity grab at a high. Since markets usually overshoot during liquidity grabs, it’s good practice to place the stop loss at the furthest point after the grab. You can also set your risk-reward ratio (RRR) here. A value of 1 sets an RRR of 1:1, 2 means 2:1, and so on. Lowest/highest last # bars - Similar to the previous option, but instead of finding the extreme after a liquidity grab, it identifies the furthest point within the last number of candles. You can set how far back to look using the # bars field (for an engulfing pattern, 2 is optimal since it’s made of two candles, and the stop loss can be placed at the edge of the engulfing pattern). The RRR setting works the same way as in the previous option. Other side liquidity grab - If this option is checked, the trade will exit when liquidity is grabbed on the opposite side (i.e., if you entered on a liquidity grab at a low, the trade will exit when liquidity is grabbed at a high). Exit after # bars - A popular exit strategy where you close the position after a set number of candles. Exit after # bars in profit - This option exits the trade once the position is profitable for a certain number of consecutive candles. For example, if set to 5, the position will close when 5 consecutive candles are profitable. You can also set a maximum number of candles (in the max field), ensuring the trade is closed after a certain time even if the profit condition hasn’t been met. 🟪 Alerts Alerts are a key tool for traders to ensure they don’t miss trading opportunities. They also allow traders to manage their time effectively. Who would want to sit in front of the computer all day waiting for a trading opportunity when they could be attending to other matters? In our tool, you currently have two options for receiving alerts: Liquidity grabs alert – if you enable this feature and set an alert, the alert will be triggered every time a candle on the current timeframe closes and intersects with the displayed liquidity line. Entry signals alert – this feature triggers an alert when a signal for entry is generated based on the option you’ve selected in the Entry type. It’s an ideal way to be notified only when a trading opportunity appears according to your predefined rules.
Strategia Pine Script®
di Influxum
2
ICT Market Structure Screener (Zeiierman)█ Overview The ICT Market Structure Screener (Zeiierman) is designed to identify and display key market structure levels and patterns based on Smart Money Concepts. It highlights bullish and bearish structures, premium and discount levels, and generates alerts for significant market structure changes, making it a valuable tool for traders looking to understand institutional trading behaviors and market trends. A key feature of this indicator is its screener function, which allows traders to monitor multiple symbols simultaneously. This feature provides a consolidated view of the market structure for various assets, making it easier to identify trading opportunities across a diverse portfolio. █ How It Works The ICT Market Structure Screener operates by identifying high and low pivot points within a specified period, then analyzing these pivots to determine changes in market structure. The indicator tracks price movements and categorizes them into bullish or bearish structures, indicating potential trend reversals or continuations. By plotting premium and discount levels, it helps traders identify overbought and oversold conditions. The indicator also provides real-time updates and alerts for significant changes in the market structure. █ Terminology ChoCH (Change of Character): Indicates a potential reversal in market direction. It is identified when the price breaks a significant high or low, suggesting a shift from a bullish to bearish trend or vice versa. SMS (Smart Money Shift): Represents the transition phase in market structure where smart money begins accumulating or distributing assets. It typically follows a BMS and indicates the start of a new trend. BMS (Bullish/Bearish Market Structure): Confirms the trend direction. Bullish Market Structure (BMS) confirms an uptrend, while Bearish Market Structure (BMS) confirms a downtrend. It is characterized by a series of higher highs and higher lows (bullish) or lower highs and lower lows (bearish). Premium: A zone where the price is considered overbought. It is calculated as the upper range of the current market structure and indicates a potential area for selling or shorting. Mid Range: The midpoint between the high and low of the market structure. It often acts as a support or resistance level, helping traders identify potential reversal or continuation points. Discount: A zone where the price is considered oversold. It is calculated as the lower range of the current market structure and indicates a potential area for buying or going long. █ How to Use The ICT Market Structure Screener allows traders to follow smart money moves in the market more effectively. By identifying key market levels and monitoring bullish and bearish structures, traders can easily spot trend changes and strong trends. The indicator's premium and discount levels help identify overbought and oversold conditions, providing valuable entry and exit points. Alerts for ChoCH, SMS, and BMS keep traders informed about significant market changes, enabling real-time adjustments to trading strategies. The screener functionality is particularly valuable for monitoring multiple markets simultaneously. The screener table displays critical information such as current price, trend direction, signal type, and premium/discount levels for each symbol. This makes it easier to track the market structure of various assets at a glance and quickly identify trading opportunities across different markets. Example Strategies: ⚪ Trend Following: Use the indicator to identify the current market trend (bullish or bearish) and trade in the direction of the trend. Enter trades on pullbacks to premium (for shorts) or discount (for longs) levels. ⚪ Reversal Trading: Look for ChoCH signals to identify potential trend reversals. Enter trades when the price breaks a significant high or low and confirms a change in market structure, or wait for a retest of the nearest Orderblock that was formed. ⚪ Support and Resistance: Utilize the mid-range, premium, and discount levels as support and resistance zones. Enter trades when the price approaches these levels and shows signs of reversal or continuation. ⚪ Multi-Symbol Analysis: Use the screener table to monitor multiple symbols and quickly assess their market structure. This helps in diversifying trading opportunities and managing a portfolio of assets efficiently. █ Settings Period: The pivot period for calculating the structure. Increasing the period captures broader trends, making the structure more representative of long-term movements. Decreasing the period focuses on shorter-term trends, increasing sensitivity. Response: Enabling this option uses the response period instead of the pivot period, providing more flexibility in capturing short-term or long-term structures. The period for the response, which determines the structure's sensitivity. Increasing the response period smoothens the structure, making it less reactive to short-term fluctuations. Decreasing the response period makes the structure more responsive to short-term changes. Structure Display: Choose between displaying the active range or the previous range. 'Active Range' shows real-time premium, discount, and mid-range levels based on the current structure. 'Previous Range' displays past ranges, useful for analyzing historical support/resistance levels. Ticker Symbols: List of symbols to include in the screener. Enabling the option includes the symbol in the screener, allowing the user to track its structure. Disabling it excludes the symbol from the screener, reducing the number of tracked symbols. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Indicatore Pine Script®
di Zeiierman
7
True SMCThe True SMC Indicator is specifically designed for structure mapping and the identification of high-probability Order Blocks. Excelling in distinctly recognising four types of Order Blocks, it provides traders with a direct and efficient method to dissect market movements and identify strategic entry points with precision 🔶 Understanding Structure Mapping This indicator introduces a unique approach to analysing market structure, focusing on liquidity, which is termed 'Inducement'. Inducement is crucial for identifying key structural markers in the market, such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). Inducement acts like a trap set near a supply or demand zone. It entices impatient buyers or sellers into the market before the actual zone is reached, thereby creating liquidity. For an inducement to be considered valid, it must represent a valid pullback. A valid scenario occurs when the price sweeps or closes beyond the high or low of the previous candle; in this case, the candle's color, whether bullish or bearish, is not relevant, and both scenarios are considered valid. Inside bars are ignored as they do not meet this criterion. The indicator assists in this process by automatically highlighting valid pullbacks with a distinctive gray round label. This feature is not just a visual aid but also a crucial tool in effortlessly understanding market movements, providing a clear visual representation of ongoing market trends. 🔶 Understanding How Order Block is working Our indicator incorporates four distinct types of Order Blocks, each designed for specific roles in market analysis. Among these, the **OB-IDM** and **OB-EXT** are regarded as high-probability Order Blocks, and our primary focus is on these two for market entry. IDM Order Block (OB-IDM): IDM Order block (OB-IDM) is basically the first Order Block that shows up after the IDM level is passed. Think of it as the closest OB you find below the current IDM. Extreme Order Block (OB-EXT): OB-EXT is the first and lowest Order Block that you'll find between a Major Low and a Major High. Single Candle Order Block (SCOB): Single candle mitigation is very Powerful way to add multiple entries in you're winning trades. Smart Money Trap (SMT): The SMT consists of all the Order Blocks that lie between the Extreme and OB-IDM. It acts as a cautionary signal, indicating potential traps for Smart Money Concept traders. It is essential to recognize that the SMT does not provide additional confirmation for trading. Instead, it highlights areas where traders should exercise extra caution. Trading decisions should be based on clear confirmations, such as inducements or liquidity sweeps, rather than solely on the SMT. 🔶 How to Use the True SMC Indicator: The True SMC Indicator is designed to enhance your trading strategy by identifying key order blocks and market signals. Below is a guide on how to utilize the various elements of the True SMC Indicator: OB IDM (Order Block Inducement): Usage : This is a decisional order block crucial for identifying trade entries. It is particularly effective for pinpointing potential reversal zones. Alerts: Setting up alerts on OB IDM is recommended to be notified when the price reaches this critical area, thus facilitating prompt and informed trading decisions. OB-EXT (Extreme Order Block): Usage : OB-EXT serves as an extreme and high-probability order block for trade entries, ideal for identifying strategic entry points at potential reversal points. Alerts: Activating alerts on OB-EXT will keep you informed about price approaches, aiding in the preparation of your trade setups. SCOB (Single Candle Order Block): Usage : SCOB is ideal for scaling into a position. It should be employed for adding to positions when the market reacts to OB IDM or OB-EXT, indicating a potential reversal. SMT (Smart Money Trap): Usage Caution: The SMT should be approached with caution as it represents a potential trap. It is advised to avoid trading directly at SMT zones. Instead, use these zones to gauge market sentiment and make informed decisions. This structured approach to using the True SMC Indicator will help you in making more precise and strategic trading decisions, enhancing your overall market analysis. 🔶 Example of usage: Market Structure Diagram This diagram illustrates the key structural markers in the market such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). It provides a visual guide to understanding the underlying market structure. Example from a Real Chart: This chart is a prime example of how our indicator is used to dissect and highlight market structure in a live trading environment. It vividly demonstrates the 'Inducement' concept in action, pinpointing key structural points like HH, HL, LL, and LH in real-time market trends. Valid Pullback Illustration of a Valid Pullback: This image showcases a typical scenario where the price sweeps beyond the previous candle's high or low, marking a valid pullback. Notice the distinctive gray round label indicating the point of inducement. IDM Order Block (OB-IDM) This diagram illustrates the IDM Order Block (OB-IDM), highlighting its position as the first OB following the IDM level. It represents the nearest OB below the current IDM level. IDM Order Block in Action This real chart example showcases the OB-IDM in a live market scenario, demonstrating how it appears and functions in practical trading. Extreme Order Block (OB-EXT) The diagram depicts the OB-EXT, which is identified as the first and lowest Order Block between a Major Low and a Major High. OB-EXT in Real Market: This chart example highlights the OB-EXT, showing its position and significance in market analysis between major market points. Single Candle Order Block (SCOB) The accompanying chart demonstrates the SCOB in a live trading environment, illustrating its effectiveness in trade optimization. Smart Money Trap (SMT) This real chart provides insight into how the SMT is used in actual trading, marking areas for increased caution and illustrating its role in a comprehensive trading strategy. 🔶 Additional Features Easy-to-Follow Trend Display : The script employs a Color Coded candle system, simplifying trend recognition. Any Alert function call = It can be configured for a range of trading events, allowing you to stay informed about key market movements. In the settings, you can choose to enable or disable alerts for events such as BOS Sweep, CHock, CHock Sweep, IDM, IDM Sweep, OB IDM, OB EXT, and PDH/PDL. Automatic resolving of ChoCh-IDM and IDM-BoS conflicts = The indicator is equipped to automatically resolve conflicts that arise between ChoCh-IDM and IDM-BoS. It intelligently identifies situations where there might be an IDM instead of a ChoCh, or a BoS instead of an IDM, ensuring accurate readings and analysis. Anywhere Structure Mapping : The tool simplifies market analysis by enabling you to draw structures from any chosen moment. Simply adjust the slider to your desired point and instantly trade based on the internal structure revealed. This feature offers an intuitive and efficient way to understand and navigate market dynamics. 🔶 Conclusion The True SMC Indicator distinguishes itself from other market analysis tools through its specialised focus on structure mapping and high-probability Order Blocks. Unlike generic indicators, it expertly identifies and categorizes four distinct types of Order Blocks, including IDM and Extreme Order Blocks, which are crucial for high-accuracy trade entries. Its unique approach in analysing market structure centers on 'Inducement,' a key concept for pinpointing vital market structural markers. This feature, combined with its ability to alert traders to both promising entry points and potential Smart Money Traps, equips users with a comprehensive tool for a nuanced understanding of market dynamics and strategic trade execution. Such targeted capabilities make the True SMC Indicator an invaluable asset for traders seeking precision and efficiency in their market analysis.
Indicatore Pine Script®
di truesmctrade
295
Market Structure CHoCH/BOS (Fractal) [LuxAlgo]The Market Structure CHoCH/BOS (Fractal) indicator is an experimental take on classical market structure, whereas fractal patterns are used for their construction instead of swing points. Compared to utilizing swing points for highlighting market structure like our Smart Money Concepts indicator , fractal-based market structure can appear as more adaptive, however, it can also be more restrictive when it comes to returning swing points which can cause the indicator to miss reversals in some cases. If enabled from within the settings, users can see support and resistance levels returned from the detected market structure with breakouts highlighted on the chart. Alongside this feature, an additional dashboard showing the structure to fractal structure percentage is also provided. 🔶 SETTINGS Length: Length of the fractal patterns to detect. 🔹 Style Bullish Structures: Show bullish structures. Bearish Structures: Show bullish structures. Support: Show support levels. Resistance: Show resistance levels. 🔹 Dashboard Show Dashboard: Show structure to fractal percentage dashboard on the chart. Location: Location of the dashboard on the chart. Size: Dashboard size. 🔶 USAGE Market structure is commonly used to determine trend direction by using price positions relative to prior swing points. Using fractal patterns to determine market structure can allow users to obtain shorter, more frequent structure labels. Market structure is commonly classified as follows: Change of Character (CHoCH), also referred to as Market Structure Shift (MSS) Break of Structure (BOS), also referred to as Market Structure Break (MSB) Change of Characters indicate a shift in the market trend, confirming trend reversals. Break of Structures on the other hand occur once a trend is already determined, confirming new higher highs/lower lows. Using higher length values allow users to detect longer-term fractals, thus highlighting longer-term market structures. The image above detects fractal patterns made of 7 candles, even if the increment is only of 2 bars this significantly reduces the amount of detected market structure labels. The result obtained by utilizing fractals and higher settings can be a more dynamic view of market structure, however, as seen in the image above this can introduce very significant delay compared to utilizing pure swing points. 🔹 Support/Resistance The indicator also returns support/resistance levels constructed from the market structure, these levels are obtained similarly to order blocks, finding the minimum on the interval of a bullish market structure and the maximum of a bearish market structure. Price reaching a support/resistance level can be expected to bounce from it. Once a level is broken, the support/resistance level will no longer extend, and a circle will be displayed highlighting the break. While utilizing this script for fractal-based market structure, these levels can be useful to ensure all swing points are still considered by the user with the possibility of the indicator missing reversals due to its calculation not being based on swing points themselves. 🔹 Dashboard The dashboard reports the structure to fractal percentage, that is the amount of bullish/bearish market structures relative to the total amount of detected bullish/bearish fractal patterns. This allows us to see how often a detected fractal pattern is used to display a market structure. 🔶 DETAILS 🔹 Fractals In the context of technical analysis, Fractals refer to specific patterns that exhibit self-similarity at different scales or timeframes. The most commonly known fractal pattern consists of a consecutive sequence of candles (more commonly 5), with the central candle being the lowest (in case of a bullish fractal) or highest (in case of a bearish fractal). A bullish fractal has candles on the right side of the central candle with increasing lows, while candles on the left side have decreasing lows. A bearish fractal has candles on the right side of the central candle with decreasing highs, while candles on the left side have increasing highs. 🔶 RELATED SCRIPTS 🔹 Smart Money Concepts 🔹 Market Structure Trailing Stop 🔹 ICT Concepts
Indicatore Pine Script®
di LuxAlgo
35
Peak Reaction Zones [BigBeluga]Peak Reaction Zones is an advanced Smart Money Concept (SMC) indicator that identifies the most recent swing high and swing low zones, helping traders determine premium and discount areas for optimal trade positioning. 🔵 Key Features: Swing High & Low Zones: Automatically detects the latest swing high and swing low levels. Helps traders identify key reaction points where price is likely to respond. Premium & Discount Concept: The high zone represents a premium area, where price is overextended and may reverse. The low zone represents a discount area, where price is undervalued and may bounce. The midline dynamically marks the equilibrium of the range. Adjustable Zone Width: Users can fine-tune the width of the zones to match their trading style. Wider zones capture broader reaction ranges, while narrower zones focus on precise levels. Zone Retest Signals: Blue markers appear when price retests the lower reaction zone, signaling potential support. Orange markers appear when price retests the upper reaction zone, indicating possible resistance. Price Labels for Key Levels: Displays the price value of the swing high, swing low, and midline for quick reference. Helps traders recognize major reaction points at a glance. 🔵 Usage: Smart Money Trading: Utilize the premium and discount concept to align trades with institutional order flow. Zone Reactions: Watch for price tests of reaction zones and use the retest signals to confirm potential reversals. Midline Confirmation: If price holds above or below the midline, it can indicate directional bias. Scalping & Swing Trading: Short-term traders can look for zone rejections, while swing traders can use the levels for trend continuation setups. Peak Reaction Zones is a must-have tool for traders looking to trade with Smart Money Concepts, allowing for precise entries and exits based on key liquidity areas and market structure.
Indicatore Pine Script®
di BigBeluga
25
SMC Toolkit |ASE|This indicator provides 10+ features all-in-one. Focusing on price action and Smart Money concepts, we have provided automated multi-timeframe features such as Market Structure(BOS / CHoCH) to identify trends, Fair Value Gaps to identify Imbalances, and much more. Pure price action analysis is a preferred strategy over indicators due to their lag and noise. Many traders popularized SMC or “Smart Money” concepts to identify and trade like/with institutions or Smart Money traders. We have automated these features and made them multi-timeframe to simplify your charting process and advance your trading so you can efficiently trade. Features: The included price action features are listed below: - Multi-Timeframe Market Structure (BOS, CHoCH, MSS, IDM) - Trend based Candle Coloring - Multichart (Extra time frame on the same chart) - Multi-Timeframe Fair Value Gaps & Balanced Price Ranges - Trapped Market Participants (Multi-Time Frame based on Orderblocks) - SMT Divergences - Volume Imbalances - Premium Discount Array - Displacement Candles - Previous OHLC (Daily, Weekly, Monthly) - VWAP and Std.Dev. Waves Benefits & Examples: In the image below we can see plenty of trade setups that formed in confluence with the features we were using. Displayed we have higher timeframe FVGs as our point of interests, Market Structure (Trend Bar Coloring) as our entry confirmation, and Liquidity Levels as our targets. In this image we can see the same setup as before, higher timeframe FVG with Market Structure reversal targeting a Liquidity Level. In addition we can see the Trapped Market Participants feature showing trapped sellers at the low which provides additional confluence for our long position and offers a cleaner and safer entry on the pullback. Our goal is to provide as many useful features as possible, automating the process to make it easier and quicker for us as traders. We want to spend less time charting and more time planning proper trades.
Indicatore Pine Script®
di AseAlgo
14
Order Blocks with Volume Heatmap & Clusters - VK TradingOrder Blocks with Volume Heatmap & Clusters - VK Trading This script is designed to identify and highlight Order Blocks, a key concept in institutional trading, and combines it with powerful tools like volume heatmaps and accumulation clusters for enhanced market analysis. Suitable for traders of all experience levels, this script provides a clear and customizable visualization to help identify significant market zones effectively. What Does This Script Do? Order Block Identification: Highlights bullish and bearish order blocks directly on the chart, making it easier to spot key supply and demand zones. Volume Heatmap: A dynamic heatmap adjusts colors based on relative volume, allowing you to quickly identify areas of heightened activity. Institutional Accumulation Clusters: Zones of potential institutional accumulation are calculated using a combination of ATR (Average True Range), standardized volume, and RSI (Relative Strength Index). Automatic Clearing: Invalidated order blocks are automatically removed, ensuring your charts remain clean and focused. Key Features Customizable Sensitivity: Adjust the script’s sensitivity to tailor order block detection to different market conditions and strategies. Advanced Volume Display Options: Toggle volume visibility on or off. Customize the position, size, and color of volume labels for better integration with your chart's design. Dynamic Heatmap Intensity: Fine-tune the heatmap’s intensity and color to highlight areas of interest based on trading volume. Dual Order Block Detection: Uses two independent detection settings to analyze the market from multiple perspectives. Visual Alerts: Automatically draws key level lines based on detected order blocks for better clarity. User Benefits: Clear Market Analysis: Helps pinpoint institutional activity and key levels with minimal effort. Increased Efficiency: Automates plotting and analysis, allowing you to focus on decision-making. Versatile Compatibility: Complements strategies like Smart Money Concepts, Wyckoff, and Price Action approaches. Disclaimer This script is intended as an analytical and educational tool. It does not guarantee specific outcomes or eliminate trading risks. Use this tool at your own discretion and always practice proper risk management.
Indicatore Pine Script®
di VKTrading_FX
Order Block Drawing [TradingFinder]🔵 Introduction Perhaps one of the most challenging tasks for Pine script developers (especially beginners) is properly drawing order blocks. While utilizing the latest technical analysis methods for "Price Action," beginners heavily rely on accurately plotting "Supply" and "Demand" zones, following concepts like "Smart Money Concept" and "ICT". However, drawing "Order Blocks" may pose a challenge for developers. Therefore, to minimize bugs, increase accuracy, and speed up the process of coding order blocks, we have released the "Order Block Drawing" library. Below, you can read more details about how to use this library. Important : This library has direct and indirect outputs. The indirect output includes the ranges of order blocks plotted on the chart. However, the direct output is a "Boolean" value that becomes "true" only when the price touches an order block, colloquially termed as "Mitigate." You can use this output for setting up alerts. 🔵 How to Use First, you can add the library to your code as shown in the example below. import TFlab/OrderBlockDrawing_TradingFinder/1 🟣Parameters OBDrawing(OBType, TriggerCondition, DistalPrice, ProximalPrice, Index, OBValidDis, Show, ColorZone) => Parameters: • OBType (string) • TriggerCondition (bool) • DistalPrice (float) • ProximalPrice (float) • Index (int) • OBValidDis (int) • Show (bool) • ColorZone (color) OBType : All order blocks are summarized into two types: "Supply" and "Demand." You should input your order block type in this parameter. Enter "Demand" for drawing demand zones and "Supply" for drawing supply zones. TriggerCondition : Input the condition under which you want the order block to be drawn in this parameter. DistalPrice : Generally, if each zone is formed by two lines, the farthest line from the price is termed "Distal." This input receives the price of the "Distal" line. ProximalPrice : Generally, if each zone is formed by two lines, the nearest line to the price is termed "Proximal" line. Index : This input receives the value of the "bar_index" at the beginning of the order block. You should store the "bar_index" value at the occurrence of the condition for the order block to be drawn and input it here. OBValidDis : Order blocks continue to be drawn until a new order block is drawn or the order block is "Mitigate." You can specify how many candles after their initiation order blocks should continue. If you want no limitation, enter the number 4998. Show : You may need to manage whether to display or hide order blocks. When this input is "On", order blocks are displayed, and when it's "Off", order blocks are not displayed. ColorZone : You can input your preferred color for drawing order blocks. 🔵 Function Outputs This function has only one output. This output is of type "Boolean" and becomes "true" only when the price touches an order block. Each order block can be touched only once and then loses its validity. You can use this output for alerts. = Drawing.OBDrawing('Demand', Condition, Distal, Proximal, Index, 4998, true, Color)
Libreria Pine Script®
di TFlab
14