Market Structures Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Market Structures Screener! This screener can provide information about the latest market structures in up to 5 tickers. You can also customize the styling of the screener.
Features of the new Market Structures Screener :
Find Latest Market Structures Across 5 Tickers
Break Of Structure (BOS)
Change of Character (CHoCH)
Change of Character+ (CHoCH+)
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
This screener then finds market structures across 5 different tickers, and shows the latest information about them.
🚩UNIQUENESS
Formed market structures can be strong hints about the current direction and the state of the market, and our screener has the ability to detect Change Of Character structures of the market with higher sensitivity (CHoCH+), so you will miss less hints. This screener will then show the elapsed time of the found BOS, CHoCH and CHoCH+ structures.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan market structures here. You can also enable / disable them and set their individual timeframes.
Ictconcepts
Breaker Blocks Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener.
Features of the new Breaker Blocks Screener :
Find Latest Breaker Blocks Accross 5 Tickers
Latest Status, Restests & Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
This screener then finds breaker blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the breaker block.
Approaching ⬆️/⬇️ -> The current price is approaching the breaker block, and the direction it's approaching from.
Inside -> The price is currently inside the breaker block.
Retests -> Retest means the price to invalidate the breaker block, but failed to do so. Here you can see how many times the price retested the breaker block.
For the volume, check the top of the "How Does It Work" section.
🚩UNIQUENESS
This screener can detect latest breaker blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the breaker block as an unique trait. Another unique ability of the screener is that it shows the latest valid breaker block's volume in the dashboard.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan breaker blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidations -> Select between Wick & Close price for Order & Breaker Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
ICT Concept [TradingFinder] Order Block | FVG | Liquidity Sweeps🔵 Introduction
The "ICT" style is one of the subsets of "Price Action" technical analysis. ICT is a method created by "Michael Huddleston", a professional forex trader and experienced mentor. The acronym ICT stands for "Inner Circle Trader".
The main objective of the ICT trading strategy is to combine "Price Action" and the concept of "Smart Money" to identify optimal entry points into trades. However, finding suitable entry points is not the only strength of this approach. With the ICT style, traders can better understand price behavior and adapt their trading approach to market structure accordingly.
Numerous concepts are discussed in this style, but the key practical concepts for trading in financial markets include "Order Block," "Liquidity," and "FVG".
🔵 How to Use
🟣Order Block
Order blocks are a specific type of "Supply and Demand" zones formed when a series of orders are placed in a block. These orders could be created by banks or other major players. Banks typically execute large orders in blocks during their trading sessions. If they were to enter the market directly with a small quantity, significant price movements would occur before the orders are fully executed, resulting in less profit. To avoid this, they divide their orders into smaller, manageable positions. Traders should look for "buy" opportunities in "demand order blocks" areas and "sell" opportunities in "supply order blocks".
🟣Liquidity
These levels are where traders aim to exit their trades. "Market Makers" or smart money usually collects or distributes their trading positions near levels where many retail traders have placed their "Stop Loss" orders. When the liquidity resulting from these losses is collected, the price often reverses direction.
A "Stop Hunt" is a move designed to neutralize liquidity generated by triggered stop losses. Banks often use significant news events to trigger stop hunts and acquire the liquidity released in the market. If, for example, they intend to execute heavy buy orders, they encourage others to sell through stop hunts.
As a result, if there is liquidity in the market before reaching the order block region, the credibility of that order block is higher. Conversely, if liquidity is near the order block, meaning the price reaches the order block before reaching the liquidity area, the credibility of that order block is lower.
🟣FVG (Fair Value Gap)
To identify the "Fair Value Gap" on the chart, one must analyze candle by candle. Focus on candles with large bodies, examining one candle and the one before it. The candles before and after this central candle should have long shadows, and their bodies should not overlap with the body of the central candle. The distance between the shadows of the first and third candles is called the FVG range.
These zone function in two ways :
•Supply and Demand zone: In this case, the price reacts to these zone, and its trend reverses.
•Liquidity zone: In this scenario, the price "fills" the zone and then reaches the order block.
Important Note: In most cases, FVG zone with very small width act as supply and demand zone, while zone with a significant width act as liquidity zone, absorbing the price.
🔵 Setting
🟣Order Block
Refine Order Block : When the option for refining order blocks is Off, the supply and demand zones encompass the entire length of the order block (from Low to High) in their standard state and remain unaltered. On the option for refining order blocks triggers the improvement of supply and demand zones using the error correction algorithm.
Refine Type : The enhancement of order blocks via the error correction algorithm can be executed through two methods: Defensive and Aggressive. In the Aggressive approach, the widest possible range is taken into account for order blocks.
Show High Levels : If major high levels are to be displayed, set the option for showing high level to Yes.
Show Low Levels : If major low levels are to be displayed, set the option for showing low level to Yes.
Show Last Support : If showing the last support is desired, set the option for showing last support to Yes.
Show Last Resistance : If showing the last resistance is desired, set the option for showing last resistance to Yes.
🟣 FVG
FVG Filter : When FVG filtering is activated, the number of FVG areas undergoes filtration based on the specified algorithm.
FVG Filter Types :
1. Very Aggressive : Apart from the initial condition, an additional condition is introduced. For an upward FVG, the maximum price of the last candle should exceed the maximum price of the middle candle. Similarly, for a downward FVG, the minimum price of the last candle should be lower than the minimum price of the middle candle. This mode eliminates a minimal number of FVGs.
2. Aggressive : In addition to the conditions of the Very Aggressive mode, this mode considers the size of the middle candle; it should not be small. Consequently, a larger number of FVGs are eliminated in this mode.
3. Defensive : Alongside the conditions of the Very Aggressive mode, this mode takes into account the size of the middle candle, which should be relatively large with the majority of it comprising the body. Furthermore, to identify upward FVGs, the second and third candles must be positive, whereas for downward FVGs, the second and third candles must be negative. This mode filters out a considerable number of FVGs, retaining only those of suitable quality.
4. Very Defensive : In addition to the conditions of the Defensive mode, the first and third candles should not be very small-bodied doji candles. This mode filters out the majority of FVGs, leaving only the highest quality ones. Show Demand FVG: Enables the display of demand-related boxes, which can be toggled between off and on. Show Supply FVG: Enables the display of supply-related boxes along the path, which can also be toggled between off and on.
🟣 Liquidity
Statics Liquidity Line Sensitivity : A value ranging from 0 to 0.4. Increasing this value reduces the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of identified lines. The default value is 0.3.
Dynamics Liquidity Line Sensitivity : A value ranging from 0.4 to 1.95. Increasing this value enhances the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of identified lines. The default value is 1.
Statics Period Pivot : Default value is set to 8. By adjusting this value, you can specify the period for static liquidity line pivots.
Dynamics Period Pivot : Default value is set to 3. By adjusting this value, you can specify the period for dynamic liquidity line pivots.
You can activate or deactivate liquidity lines as necessary using the buttons labeled "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line".
Liquidity Grab Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Liquidity Grab Screener! This screener can provide information about the latest liquidity grabs in up to 5 tickers. You can also customize the algorithm that finds the liquidity grabs and the styling of the screener.
Features of the new Liquidity Grab Screener :
Find Latest Liquidity Grabs Accross 5 Tickers
Price, Size, Status Information
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Liquidity grabs occur when one of the latest pivots has a false breakout. Then, if the wick to body ratio of the bar is higher than 0.5 (can be changed from the settings) a bubble is plotted.
The bubble size is determined by the wick to body ratio of the candle.
This screener then finds liquidity grabs accross 5 different tickers, and shows the latest information about them.
Price -> The price when the liquidity grab happened.
Size -> Size of the liquidity grab, determined by the wick-body ratio.
Status -> Shows the elapsed time of the liquidity grab.
🚩UNIQUENESS
Liquidity grabs can be useful when determining candles that have executed a lot of market orders, and planning your trades accordingly. This screener will find liquidity grabs from up to 5 tickers and give information about their price, size and status. The screener also lets you customize the pivot length and the wick-body ratio for liquidity grabs.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan order blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Pivot Length -> This setting determines the range of the pivots. This means a candle has to have the highest / lowest wick of the previous X bars and the next X bars to become a high / low pivot.
Wick-Body Ratio -> After a pivot has a false breakout, the wick-body ratio of the latest candle is tested. The resulting ratio must be higher than this setting for it to be considered as a liquidity grab.
Liquidity Finder🔵 Introduction
The concept of "liquidity pool" or simply "liquidity" in technical analysis price action refers to areas on the price chart where stop losses accumulate, and the market, by reaching those areas and collecting liquidity (Stop Hunt), provides the necessary energy to move the price. This concept is prominent in the "ICT" and "Smart Money" styles. Imagine, as depicted below, the price is at a support level. The general trader mentality is that there is "demand" for the asset at this price level, and this demand will outweigh "supply" as before. So, it is likely that the price will increase. As a result, they start buying and place their stop loss below the support area.
Stop Hunt areas are essentially traders' "stop loss" levels. These are the liquidity that institutional and large traders need to fill their orders. Consequently, they penetrate the price below support areas or above resistance areas to touch their stop loss and fill their orders, and then the price trend reverses.
Cash zones are generally located under "Swings Low" and above "Swings High." More specifically, they can be categorized as support levels or resistance levels, above Double Top and Triple Top patterns, below Double Bottom and Triple Bottom patterns, above Bearish Trend lines, and below Bullish Trend lines.
Double Top and Triple Top :
Double Bottom and Triple Bottom :
Bullish Trend line and Bearish Trend line :
🔵 How to Use
To optimally use this indicator, you can adjust the settings according to the symbol, time frame, and your needs. These settings include the "sensitivity" of the "liquidity finder" function and the swing periods related to static and dynamic liquidity lines.
"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.
"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.
"Statics Period Pivot" is set to 8 by default. By changing this number, you can specify the period for the static liquidity line pivots.
"Dynamics Period Pivot" is set to 3 by default. By changing this number, you can specify the period for the dynamic liquidity line pivots.
🔵 Settings
Access to adjust the inputs of Static Dynamic Liquidity Line Sensitivity, Dynamics Liquidity Line Sensitivity, Statics Period Pivot, and Dynamics Period Pivot is possible from this section.
Additionally, you can enable or disable liquidity lines as needed using the buttons for "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line."
Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fair Value Gap Screener! This screener can provide information about the latest Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Fair Value Gaps and the styling of the screener.
Features of the new Fair Value Gap (FVG) Screener :
Find Latest Fair Value Gaps Accross 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. This screener then finds Fair Value Gaps accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the FVG.
Approaching ⬆️/⬇️ -> The current price is approaching the FVG, and the direction it's approaching from.
Inside -> The price is currently inside the FVG.
Retests -> Retest means the price tried to invalidate the FVG, but failed to do so. Here you can see how many times the price retested the FVG.
Consumed -> FVGs get consumed when a Close / Wick enters the FVG zone. For example, if the price hits the middle of the FVG zone, the zone is considered 50% consumed.
Bullish / Bearish Volume -> Bullish & Bearish volume of a FVG is calculated by analyzing the bars that formed it. For example in a bullish FVG, the bullish volume is the total volume of the first 2 bars forming the FVG, and the bearish volume is the volume of the 3rd bar that forms it.
🚩UNIQUENESS
This screener can detect latest Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the FVG, as well as it's bullish & bearish volume. We believe that this extra information will help you spot reliable FVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Order Blocks Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Order Blocks Screener! This screener can provide information about the latest order blocks in up to 5 tickers. You can also customize the algorithm that finds the order blocks and the styling of the screener.
Features of the new Order Blocks Screener :
Find Latest Order Blocks Accross 5 Tickers
Latest Status, Restests, Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
This screener then finds order blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the order block.
Approaching ⬆️/⬇️ -> The current price is approaching the order block, and the direction it's approaching from.
Inside -> The price is currently inside the order block.
Retests -> Retest means the price to invalidate the order block, but failed to do so. Here you can see how many times the price retested the order block.
For the bullish / bearish volume, check the "How Does It Work" section.
🚩UNIQUENESS
This screener can detect latest order blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the order block as an unique trait. Another unique ability of the screener is that it shows the latest valid order block's bullish and bearish volume in the dashboard.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan order blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
Liquidity Grabs | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Liquidity Grabs indicator! This indicator can renders bubbles with different sizes at candles that have liquidity grabs, which happen when a liquidity areas (buyside / sellside liquidity) is swept. These candles often fill a lot of market orders that were sitting on the liquidity zone. You can check "How Does It Work" section for more information.
Features of the new Liquidity Grabs Indicator :
Renders Liquidity Grabs
Customizable Algorithm
Customizable Styles
Alerts
🚩UNIQUENESS
Liquidity grabs can be useful when determining candles that have executed a lot of market orders, and planning your trades accordingly. This indicator renders liquidity grabs in an unique bubble style, the size of the bubble is calculated by the size of the wick that caused the liquidity grab. The indicator also lets you customize the pivot length and the wick-body ratio for liquidity grabs.
📌 HOW DOES IT WORK ?
Liquidity grabs occur when one of the latest pivots has a false breakout. Then, if the wick to body ratio of the bar is higher than 0.5 (can be changed from the settings) a bubble is plotted. Using the wick length as a metric to measure liquidity is good because long wicks can translate to a large amount of buyers / sellers entering the market.
The bubble size is determined by the wick to body ratio of the candle.
⚙️SETTINGS
1. General Configuration
Pivot Length -> This setting determines the range of the pivots. This means a candle has to have the highest / lowest wick of the previous X bars and the next X bars to become a high / low pivot.
Wick-Body Ratio -> After a pivot has a false breakout, the wick-body ratio of the latest candle is tested. The resulting ratio must be higher than this setting for it to be considered as a liquidity grab.
Seasonal Tendencies - SMC IndicatorsA Seasonal Tendency refers to a historical price action behaviour that tends to repeat during specific times of the year, month over month.
It's a roadmap to navigate price action on the daily chart to help determine the medium to long-term bias.
Seasonal Tendencies are NOT an exact prediction of future price action but rather serve as a guideline for spotting high-probability opportunities when combined with other elements of SMC Price Action analysis, such as Order Blocks, Fair Value Gaps, etc...
The Seasonal Tendencies Indicator has been tested to match what ICT has taught in his lectures. It can be applied to any Market or Asset. However, it's limited by the maximum number of years available on tradingview.
Traders can use this Seasonal Tendencies indicator to support their already existing analysis as an added confirmation tool. This indicator should not be used as a main reason to enter a trade idea.
The Seasonal Tendencies Indicator can be used in 2 ways:
1) To look for potential points of long-term reversals during specific times of the year.
2) To look for confirmation and align with an existing long-term trend.
So how does it work?
The Seasonal Tendencies Indicator takes the averages of the last 30, 10, and 5 years' prices by default and compares them to the current year's price action (Green Line).
However, the number of years chosen for the averages can be modified in the indicator's setting.
When looking at the historical price action lines, generally, the price tends to make the lows and highs during specific times of the year.
Note that we should not look at the exact dates these lows and highs form, but we take time periods conceptually instead.
In the example below, the SP500 5-year average made the low on 14 March, and the SP500 10-year average made the low on 23 March.
This gives us the idea that "generally" SP500 makes the low of the year around the 2nd to 3rd week of March every year.
So, IF the trader's analysis was pointing out that SP500 is Bullish, then we use the information that we derived from the Seasonal Tendencies Indicator to look for long setups around the 2nd to 3rd week of March for medium to long-term swing trades.
The Seasonal Tendencies Indicator can also be useful for day traders as it helps support their daily bias to look for trades within the direction of the higher timeframe trend.
How do we measure the strength of the Seasonal Tendencies?
When using the Seasonal Tendencies Indicator, it's important to look for periods where the averages converge and get closer to each other. This usually indicates that during those specific periods, there is a high probability for the price to behave in a certain way.
So the closer the averages are to each other, the more likely the price would respect the Seasonal Tendencies.
Bonus Feature
Premium Discount Range
As a bonus feature, split the Seasonal Tendencies Indicator's Range into 4 quarters to indicate when the price is at a Premium (above the 50% level in Red) and when the price is at a Discount (below the 50% level in blue).
Each Premium and Discount range is also split into 2 halves.
Those levels can also be used to identify potential turning points when comparing the Current Year's price positioning in the Yearly Range to historical price action.
As you can see from the example below, most major turning points happen at around key price levels.
Implied Orderblock Breaker (Zeiierman)█ Overview
The Implied Order Block Breaker (Zeiierman) is a tool designed to identify enhanced order blocks with imbalances. These enhanced order blocks represent areas where there is a rapid price movement. Essentially, this indicator uses order blocks and suggests that a swift price movement away from these levels, breaking the current market structure, could indicate an area that the market has not correctly valued. This technique offers traders a unique method to identify potential market inefficiencies and imbalances, serving as a guide for potential price revisits.
The indicator doesn't scan for imbalances in the traditional sense — where there's an absence of trades between two price levels — but instead, it identifies quick movements away from key levels that suggest where an imbalance might exist. Relying on crossovers and cross-unders in conjunction with pivot points and examining the high/low within the same period provides an innovative method for traders to spot these potentially undervalued or overvalued areas in the market. These inferred imbalances can be crucial for traders looking for price levels where the market might make significant moves.
█ How It Works
Bullish
Crossover: The closing price of a bar crosses above a pivot high, which is an indication that buyers are in control and pushing the price upwards.
New Low Within Period: There is a lower low within the same period as the pivot high. This suggests that after setting a high, the market pulled back to set a new low, potentially leaving a price gap on the way up as the price quickly recovers.
Bearish
Crossunder: The closing price of a bar crosses under a pivot low, indicating that sellers are taking control and driving the price down.
New High Within Period: There is a higher high within the same period as the pivot low. This condition suggests that the market rallied to a new high before falling back below the pivot low, potentially leaving a gap on the way down.
█ How to Use
The enhanced order blocks are often revisited, and the price may aim to 'fill' the potential imbalance created by the rapid price movement, thereby presenting traders with potential entry or exit points. This approach aligns with the idea that imbalances are frequently revisited by the market, and when combined with the context of Order Blocks, it provides even more confluence.
Example
Here, if the price drops rapidly after setting a new high—crossing under the pivot low—it may skip over certain price levels, creating a 'gap' that signifies an area where the price might have been overvalued (imbalance), which the market may revisit for a potential price correction or revaluation.
█ Settings
Period: Determines the number of bars used for identifying pivot highs and lows. A higher value gives more significant but less frequent signals, while a lower value increases sensitivity but might give more false positives.
Pivot Surrounding: Specifies the number of candles to analyze around a pivot point. Increasing this value broadens the analysis range, potentially capturing more setups but possibly including less significant ones.
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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!
Index Kill Zones - SMC IndicatorsWhat are Index Kill Zones?
Index Kill Zones are specific Time Windows of opportunity during the Session for Indices that have the potential for the highest volatility and where looking for trading opportunities is ideal.
The Index Kill Zone Indicator is specifically designed for the SP500, NQ100, and DJ30, Markets. What differentiates this script from other Kill Zones scripts is that this script is based on NY Midnight as the basis for the start of the day.
This is not the usual below-average Index Kill Zone indicator because this indicator does not only show the 3 main Kill Zones or Sessions, but it also offers extra Kill Zones within each session that are called "AM Session", "PM Session", the "Launch Hour", the "Silver Bullet for the London, AM, and PM Sessions", and the "Last Hour" for the London, AM, and PM sessions.
Another key differentiator of this indicator's functionality is that it shows the highs and lows of each Kill zone allowing SMC traders to monitor Time-Based Liquidity above the highs and lows of each trading session.
By splitting each trading day into AM and PM Sessions, we can identify 3 types of potential daily profiles. These daily profiles could be used as conceptual templates as to what to expect from the price during a certain day. The 6 templates are the following:
1. Two Sessions Up: Where the price would go in one direction higher during both the AM and PM Sessions.
2. Two Sessions Down: Where the price would go in one direction lower during both the AM and PM Sessions.
3. AM Rally, then PM Decline: The price would go higher during the AM session and then lower during the PM Session.
4. AM Decline, then PM Rally: The price would go lower during the AM session and then higher during the PM Session.
5. Consolidation, AM Rally, then PM Decline: Where the price would consolidate most of the AM Session, then go higher into the last hour, and then reverse and go lower during the PM Session.
5. Consolidation, AM Decline, then PM Rally: Where the price would consolidate most of the AM Session, then go lower into the last hour, and then reverse and go higher during the PM Session.
Within each AM and PM Session, there is a "Silver Bullet" that acts as a time window of opportunity to get into a continuation trade in the direction of the prevailing trend.
Also, within each AM and PM Session, there is a "Last Hour" that acts as a time window of opportunity to get into a trade in the direction of the potential trend if the price has not moved yet, or as a reversal trade opportunity if the price has already ran previous short-term highs or lows.
Finally, we have also incorporated a Notification function to remind the trader of the start of the trading Kill Zones to not miss out on potential trade opportunities.
Key Functionalities
Universal Time Reference
Every day starts at 00:00 NY Midnight, irrespective of the trader's local time, Instead of the Standard GMT Midnight. This allows all Index Kill Zones to be in line with the New York start of the day at Midnight, as taught by ICT.
Weekend Highlighter
This feature highlights time from Sunday Market Open at 5 PM NY Time to 00:00 NY Midnight.
It's useful for identifying the non-trading or the low volatility periods when trading should be avoided.
Features Breakdown
Lookback Period
Defaulted to 60 trading days, aligning with “IPDA Data Ranges”, which is ideal for backtesting.
It's adjustable for trading, and it's recommended to keep it at 20 trading days to focus on the most recent data only.
24-hour Daily Intervals
The 24-hour intervals are not the same as the usual daily candle. Instead, the start of each trading day is anchored to the 00:00 NY Midnight.
Highlights "Days of the Week" labels, "Weekend" Trading Time, and the daily high-low ranges based on the start of trading day mark being at 00:00 NY Midnight.
London Kill Zones (Green)
The Full London Session starts from 02:00 NY Time to 05:00 NY Time.
London Silver Bullet starts from 03:00 NY Time to 04:00 NY Time.
London Last Hour starts from 04:00 NY Time to 05:00 NY Time.
Highlights the high and low of the London Kill Zone to Identify Time-Based Liquidity above and below the London Kill Zone Range.
AM Session Kill Zone (Blue)
The full AM Session Starts from 09:30 NY time to 12:00 NY Time.
AM Session Silver Bullet starts from 10:00 NY Time to 11:00 NY Time.
AM Session Last Hour starts from 11:00 NY Time to 12:00 NY Time.
Highlight the high and low of the AM Session to Identify Time-Based Liquidity above and below the AM Session Range.
Highlights the time when there is the highest volatility during the AM Session.
PM Session Kill Zone (Orange)
The full PM Session Starts from 13:00 NY time to 16:00 NY Time.
PM Session Silver Bullet starts from 14:00 NY Time to 15:00 NY Time.
PM Session Last Hour starts from 15:00 NY Time to 16:00 NY Time.
Highlight the high and low of the PM Session to Identify Time-Based Liquidity above and below the PM Session Range.
Highlights the time when there is the highest volatility during the PM Session.
Bonus Features
Daily & Weekly Open Price Levels
The Open Price levels draw a horizontal line from the start of the trading day at 00:00 NY midnight, and it extends it towards the end of the trading day.
This is useful for understanding where the price is relative to the daily candle.
When Bullish, the trader should look for setups at or below the daily or weekly open price.
When Bearish, the trader should look for setups at or above the daily or weekly open price.
Whether to choose the Daily or Weekly open price depends on the trader's trading style. If the trader is day trading or scaling, then it's more appropriate to choose the Daily Open Price.
However, Day Traders can also use the Weekly candle to align with the Weekly Candle's expected range direction.
On the other hand, if the trader is a Swing Trader and wants to capitalise on the weekly candle's trend, then it's more appropriate to choose the Weekly Open Price.
However, Swing Traders can also use the Daily Open Price when looking to take a trade to time better entries with a high risk-to-reward ratio.
Daily Open Price Level (in Green) and Weekly Open Price Level (in White)
Kill Zones Open Price Level
This is useful if the trader is an intra-session trader and wants to treat the sessions as the daily candle. In this case, the trader can use the Kill Zones Open Price levels based on the same logic of the Daily Open Price, where the trade would look for buy opportunities below the Session's open price and look for sell opportunities above the Session's Open Price Level.
Notifications
The trader can also receive alerts as a reminder at the start of the desired session to ensure that he or she does not miss the start of the trading session.
ICT Unicorn Model [LuxAlgo]The ICT Unicorn Model indicator highlights the presence of "unicorn" patterns on the user's chart which is derived from the lectures of "The Inner Circle Trader" (ICT) .
Detected patterns are followed by targets with a distance controlled by the user.
🔶 USAGE
At its core, the ICT Unicorn Model relies on two popular concepts, Fair Value Gaps and Breaker Blocks. This combination highlights a future area of support/resistance.
A Bullish Unicorn Pattern consists out of:
A Lower Low (LL), followed by a Higher High (HH)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern.
A Bearish Unicorn Pattern consists of:
A Higher High (HH), followed by a Lower Low (LL)
A Fair Value Gap (FVG), overlapping the established Breaker Block
A successful re-test of the FVG which confirms the pattern
The pattern detection depends on detected swings, which can be controlled by the Swing setting. Using higher values of this setting will return longer-term breaker blocks.
🔹 Using Risk/Reward Targets
A confirmed Unicorn pattern will show a blue ( Target ) / grey ( Stop Loss) "Risk/Reward" areas (RR).
When the Stop Loss or Target is hit, a white line is shown on the concerned side.
The Risk/Reward ratio can be adjusted in the "Targets" settings.
🔹 Trailing Stop
As seen in the previous snapshots, besides the RR areas, this indicator also includes an optional Trailing Stop .
This can be helpful to lower your risk, by exiting earlier than if you would wait until the Stop Loss is hit.
This example shows a successful bullish and bearish Unicorn Pattern . In this scenario, the Trailing Stop could be used for partial Take Profit.
The goal of this publication is to show confirmed Unicorn Patterns . To increase the chance of success, it is important to evaluate the bigger picture & use this in confluence with your price action analysis. For example, look for potential areas of liquidity, consider this pattern only during certain market sessions, avoid trading during heavy impact news, &/or incorporate other aspects of technical analysis rather than just following this pattern blindly.
🔶 DETAILS
🔹 Combine
When disabled, all potential Unicorn Patterns will delete previous unconfirmed patterns:
Enabling Combine ensures the last Unicorn Patterns in the opposite direction will remain.
While the latter bullish pattern became invalid, another one formed.
The combination of the previous bearish pattern, and looking at the big picture, the bullish pattern did not have much chance to be successful.
While disabling 'combine' helps minimize clutter, enabling this feature can give a pattern more chance to hit the SL/Target level.
🔹 Mitigated FVG
Users can determine if a pattern becomes invalid due to a mitigated FVG, causing the pattern to be deleted.
🔹 New pattern detected
When a new pattern is detected, the previous unconfirmed pattern in the same direction (bullish - bullish or bearish - bearish) will be deleted. This will always be the case, whether "Combine' is enabled or disabled.
When the previous pattern was confirmed but no SL or Target level was hit, this pattern will stop updating.
🔶 SETTINGS
🔹 Unicorn
Swings: This sets the length of swings, used for the underlying ZigZag and Unicorn Patterns detection.
Bull: Enable/disable Bullish patterns, and set the color of FVG box and Trailing Stop .
Bear: Enable/disable Bearish patterns, and set the color of FVG box and Trailing Stop .
Combine: When enabled, patterns in opposite directions (bullish/bearish) can exist at the same time. disabling this feature tends to give less clutter. See the "Usage" section for more information.
🔹 Targets
Risk/Reward: Sets the Risk/Reward ratio.
Trailing Stop: Set the length of small swings, which is used for the Trailing Stop .
itradesize /\ IPDA Look Back - for any timeframeThe script automatically calculates the 20-40-60 look-back periods and their premium and discount ranges.
The base concept is from ICT’s IPDA which should be applied to the daily timeframe but now you can use that same concept on the lower timeframes .
The higher the timeframes you use the more reliable it will be ( when we are talking about lower timeframes than Daily ).
- With the use of the indicator you can apply it on any timeframe with ease.
- You can customize the coloring of premium & discount, frame lines, and even the look of it.
- Hide or show the EQ levels
Below the IPDA texts the indicator shows the actual percentage of the selected range based on the current price fluctuations.
The script handles the 20-40-60 days look-back as fractals so it can be applied on lower timeframes.
The basics:
- The Interbank Price Delivery Algorithm (IPDA): The algorithm creates a shift on the daily chart every 20, 40, and 60 trading days.
- These are the IPDA look-back periods. Every 20 trading days or so there is a new liquidity pool forming on both sides of the market based on ICT concepts.
- Determine the IPDA Data Range of the land 20 trading days.
- Note the highest high & lowest low in the past 20 trading days. Identify the institutional order flow and mark the relevant PD arrays in the selected IPDA look-back period we deemed useful for our trading style.
- This is your current dealing range.
- If the price consolidates for 20 days, consider switching to a 40-day look back.
Inside this dealing range, we look for the next draw on liquidity. Is it reaching for a liquidity pool or is it looking to rebalance at a particular PD Array. This is going to the Bias.
Which IPDA data range should you use?
IPDA20 can be our Short Term range - fit for intraday traders at most
IPDA40 can be our Swing Trade range - have a clear indication of the market profile
IPDA60 can be our range for position trading - have a clear indication of the market profile
IMGLite - V1.0IMG indicators use five sequential stages to analyse price and alert users to potential Trade Setups using various Price Action Concepts as detailed below:
a. Identify Higher Timeframe Market Structure and Points of Interest (HTF-POIs)
b. Calculate position size based on your risk appetite, fees and account leverage
c. Alert you to risk managed trade setups at enabled HTF-POIs
d. Alert you to trade exits based on your set criteria
e. Provide Additional Alerts such as Higher Timeframe SFPs and Market Structure Breaks that act as potential early warnings that a trade setup may be forming
a. HTF POIs Available with IMG LITE:
1. HTF Market Structure Range Highs and Lows
2. HTF Order Blocks
3. HTF Breakers
4. HTF FVGs
1. Higher Timeframe Market Structure Range High and Low through Multiple Timeframe Analysis:
Market Structure can be defined using several techniques. The IMG indicators employ the Close through High/Low technique, which necessitates a candle to close through a structural level to validate a structural break and designate a new range.
Example: H12 Market Structure visualisation on a H12 Chart with annotations:
By selecting a particular Market Structure timeframe in the settings, the indicator immediately illustrates both current and historical market structures for the chosen timeframe across all subordinate timeframes, subject to the limitations of your Tradingview subscription.
Example: H12 Market Structure visualisation on a H1 Chart with annotations:
2. Higher Timeframe Order Blocks
An Order Block represents the last candle of the opposite direction preceding a Market Structure Break. For instance, a bullish Order Block is identified as the final bearish candle leading to a bullish market structure break, and vice versa for bearish Order Blocks.
Example: H12 OB visualisation on a H12 Chart with annotations:
When activated, the indicator will highlight the Higher Timeframe Order Blocks responsible for a Market Structure Break on all subordinate timeframes relative to the chosen Market Structure Timeframe.
Note: if multiple OBs exist, the indicator will display the OB closest to the new range extreme
Example: H12 OB visualisation on a H1 Chart with annotations:
Higher Timeframe Breakers
A Breaker Block is identified as the most recent Order Block that has been breached by price, leading to an opposite Market Structure Break. For example, a bullish Breaker Block is the last bearish Order Block that price has passed through, confirming a bullish structural break, and the inverse is true for bearish Breakers.
Example: H12 Breaker visualisation on a H12 Chart with annotations:
Once enabled, the system will display Higher Timeframe Breaker Blocks after an opposite Market Structure Break is confirmed on all subordinate timeframes.
Example: H12 Breaker visualisation on a H1 Chart with annotations:
Higher Timeframe Fair Value Gaps (FVGs)
A Fair Value Gap is a concept used by price action traders to identify market inefficiencies, where buying and selling are not balanced. It appears on a chart as a triple-candle pattern, with a large candle flanked by two others whose highs and lows do not overlap with the large candle, creating a gap. This gap often attracts the price towards it before the market resumes its previous direction.
Example of the indicator displaying a Higher Timeframe’s FVGs on a Lower Timeframe (LTF) chart:
-The upper chart labelled H12/H12 is the indicator displaying H12 Structure and FVGs on a H12 chart.
-The lower chart labelled H12/H1 is the indicator displaying H12 FVGs on a H1 chart
b. Risk Management and Position Sizing:
The System will automatically calculate position size based on the account size, max leverage and risk appetite details input in settings. Calculated trade details are included in the Tradingview Alerts as well as interactive labels on the charts.
Details include but are not limited to:
Trade Timeframe
Side: Long/Short
Type: Limit/Market
Position Size in $ and Units
Lot sizes if applicable
Trade Risk %
Take Profit Level
Entry Price
Stoploss Price
c. Trade Setup Types Available with IMG LITE:
The system will alert you to potential trade setups at these HTF POIs: .
1. Higher Timeframe (HTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
2. Lower Timeframe (LTF) Swing Failure followed by a Lower Timeframe (LTF) MSB at enabled HTF POIs
1. HTF Swing Failure followed by a Lower Timeframe (LTF) MSB at Range Extremes
A Swing Failure Pattern (SFP) is a technical analysis concept used in trading to identify potential reversals in price trends. It occurs when the price attempts to surpass a previous high or low but fails to sustain that level, indicating a possible change in market direction. There are multiple methods to define a SFP but this indicator uses the failure to close through a Key Level. When confirmed, HTF SFPs will be displayed on-screen and an alert will fire if enabled.
Example: H12 SFPs at Range Extremes on a H1 Chart:
Alerts to Enter at Lower Timeframe MSBs
When enabled, a potential trade setup label and alert will generate when a HTF SFP is confirmed at a Range Extreme followed by a Chart Timeframe (Lower Timeframe) Market Structure Break (MSB). These signals are agnostic to current Market Structure bias and will generate at both extremes.
Signals will alert you to enter a Limit Entry at the Lower Timeframe MSB Level
2. LTF Swing Failure followed by a LTF MSB at Range Extremes at enabled HTF POIs
The system will alert you to a lower timeframe setup if these conditions are met inside enabled HTF POIs (OBs / Breakers / FVGs):
- LTF SFP
- LTF MSB
Signals will alert you to enter a Limit Entry at the Lower Timeframe MSB Level
Example:
d. Trade Exit Types Available with IMG Lite:
Exit alerts will trigger at user defined R:R
Example: H12 SFPs and Potential Trade Setups with Exits at fixed 2R on a H1 Chart:
e. IMG LITE Alerts Overview
Higher Timeframe Market Structure Breaks (HTF MSBs)
The system provides notifications of confirmed Market Structure Breaks based on the selected Higher Timeframe Market Structure Timeframe. For instance, selecting a weekly structure will trigger an alert when weekly price closes through a weekly structural level, and the same logic applies to other timeframes like D, H12, H4, H1 etc.
The system provides notifications of:
1. Confirmed HTF Market Structure Breaks
2. Confirmed HTF SFPs at Range Extremes
3. Potential Trade Setups (defined above)
4. Fixed R Trade Exits
To enable alerts, right-click on the indicator and select “Add Alert on IMG ...”. You may customise the alert name as desired and then click 'Create' to finalise the alert setup.
General Note:
There is no system, indicator, algorithm, or strategy that can provide absolute certainty in predicting market movements. Use trading indicators as a tool to assist with trading decisions; manage your risk wisely.
Stay safe and Happy Trading!
Price Action Toolkit | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Price Action Toolkit indicator! Price Action Toolkit integrates key level strategy , traditional supply-demand analysis , and market structures to help traders in their decisions. Now with features that are available to use in multiple timeframes!
Features of the new Price Action Toolkit indicator :
Volumized Fair Value Gaps (FVGs)
Volumized Order & Breaker Blocks
Identification of Market Structures
Equal Highs & Lows
Buyside & Sellside Liquidity
Premium & Discount Zones
MTF Highs & Lows (Daily, Weekly, Monthly, Pre-Market)
Customizable Settings
📌 HOW DOES IT WORK ?
We believe that the analytical elements that are within this indicator work best when they co-exist with each other on the chart. Trading often requires taking multiple elements into consideration for better accuracy on market analysis. Thus, we combined some of the useful strategies in one indicator for ease of use.
1. Volumized Fair Value Gaps
Fair value gaps often occur when there is an imbalance in the market, and can be spotted with a specific formation on the chart.
The volume when the FVG occurs plays an important role when determining the strength of it, so we've placed two bars on the FVG zone, indicating the high & low volumes of the FVG. The high volume is the total volume of the last two bars on a bullish FVG, while the low volume is - of the FVG. For a bearish FVG, the total volume of the last two bars is the low volume. The indicator can also detect FVGs that exist in other timeframes than the current chart.
2. Volumized Order Blocks
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
3. Volumized Breaker Blocks
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
4. Market Structures
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
5. Equal Highs & Lows
Equal Highs & Lows occur when there is a significant amount of difference between a candle's close price and it's high / low value, and it happens again in a specific range. EQH and EQL usually mean there is a resistance that blocks the price from going further up / down.
6. Buyside & Sellside Liquidity
Buyside & Sellside Liquidity zones are where most traders place their take-profits and stop-losses in their long / short positions. They are spotted by using high & low pivot points on the chart.
7. Premium & Discount Zones
The premium zone is a zone that is over the fair value of the asset's price, and the discount zone is the opposite. They are formed by the latest high & low pivot points.
8. MTF Highs / Lows
MTF Highs / Lows are actually pretty self-explanatory, you can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows.
🚩UNIQUENESS
Our new indicator offers a comprehensive toolkit for traders, combining multiple analytical elements with customizable settings to aid in decision-making across different market conditions and timeframes. The volumetric information of both FVGs and Order & Breaker Blocks will be present in your chart to serve you greater detail about them. The indicator also efficiently identifies market structures, liquidity zones and premium & discount zones to give you an insight about the current state of the market. And finally with the use of multiple timeframes , you can easily take a look at the bigger picture. We recommend reading the "How Does It Work" section of the descripton to get a better understanding about how this indicator is unique to others.
⚙️SETTINGS
1. General Configuration
Show Historic Zones -> This will show historic Fair Value Gaps, Order & Breaker Blocks and Sellside & Buyside liquidities which are expired.
2. Fair Value Gaps
Enabled -> Enables / Disables Fair Value Gaps
Volumetric Info -> The volumetric information of the FVG Zones will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Order Blocks
Enabled -> Enables / Disables Order Blocks
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. Breaker Blocks
Enabled -> Enables / Disables Breaker Blocks
Volumetric Info -> The volumetric information of the Breaker Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Breaker Block Invalidation.
5. Timeframes
You can set and enable / disable up to 3 timeframes. Note that only higher timeframes than the current chart will work.
6. Market Structures
Break Of Structure ( BOS ) -> If the current structure of the market is broken in a bullish or bearish direction, it will be displayed.
Change Of Character ( CHoCH ) -> If the market shifts into another direction, it will be displayed.
Change Of Character+ ( CHoCH+ ) -> This will display stronger Change Of Characters if enabled.
7. Equal Highs & Lows
EQH -> Enables / Disables Equal Highs.
EQL -> Enables / Disables Equal Lows.
ATR Multiplier (0.1 - 1.0) -> Determines the maximum difference between highs / lows to be considered as equal. Lower values will result in more accurate results.
8. Buyside & Sellside Liquidity
Zone Width -> Determines the width of the liquidity zones, 1 = 0.025%, 2 = 0.05%, 3 = 0.1%.
9. Premium & Discount Zones
Enabled -> Enables / Disables Premium & Discount Zones.
10. MTF Highs / Lows
You can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows using this setting. You can also switch their line shapes between solid, dashed and dotted.
MTF Market Structure - SMC IndicatorsThe Multi Timeframe Market Structure helps understand and identify bullish or bearish Market Structure by highlighting “KEY” Highs and Lows. It also identifies changes in market direction by identifying a “Shift in Market Structure” (See Point 2 below) or “Break in Market Structure” (See Point 3 Below).
What are Key Highs and Lows?
Not every high or low is a “Key” high or low. “Key” highs and lows are specific highs and lows that form the structure of the market and have significance in understanding the current trend in the market (see point 1 below).
The indicator identifies these “Key” highs and lows on multiple time frames, allowing the trader to keep a perspective of the Market Structure with multiple timeframes simultaneously (see point 5 below).
The key highs and lows identified by the indicator are as follows:
Key Lows : Identify significant Swing Lows, Short-term lows “STL”, Intermediate-Term Lows “ITL”, and Long-Term Lows “LTL”.
Key Highs : Identify significant Swing Highs, Short-term highs “STH”, Intermediate-Term Highs “ITH”, and Long-Term Highs “LTH”.
Significant Swing High : This is a price swing with one lower candle to the right and one lower candle to the left of it.
Significant Swing Low : This is a price swing with one higher candle to the right and one higher candle to the left of it.
Short-Term High “STH” is a price swing with one lower Significant Swing High to the right and one lower Significant Swing High to the left of it.
Short-Term Low “STL” is a price swing with one higher Significant Swing Low to the right and one higher Significant Swing Low to the left of it.
Intermediate-Term High “ITH” is a price swing with one lower STH to the right and one lower STH to the left of it.
Intermediate-Term Low “ITL” is a price swing with one higher STL to the right and one higher STL to the left of it.
Long-Term High “LTH” is a price swing with one lower ITH to the right and one lower ITH to the left of it.
Long-Term Low “ITL” is a price swing with one higher ITL to the right and one higher ITL to the left of it.
By identifying key highs and lows using the Market Structure Indicator, it can be used in multiple ways by using those reference points as follows:
1. Identifying Market Trends by Connecting Key Highs and Lows.
Bullish trend identification is when the indicator is making higher ITLs and ITHs.
Bearish Trend identification when the indicator is making lower ITLs and ITHs.
PS: it’s essential to understand the underlying market trend on multiple timeframes to use the next features correctly. Always use the Shifts and Breaks in Market Structures in line with the 1H or higher timeframes Market Trend for higher probability trade opportunities. This is because, generally, higher timeframes have more importance than lower timeframes.
2. Shift In Market Structure - SMS for Entries
A Shift in Market Structure “SMS” identifies potential reversal in short-term market trend relative to the timeframe where the SMS is identified.
This occurs after a run of any Significant Swing High or Low and then reversing, creating a Fair Value Gap “FVG”.
There can be Bullish and Bearish Market Structure Shifts.
When a Bullish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bearish to Bullish, as seen in the image below.
When a Bearish Shift in Market Structure occurs, the indicator identifies an opportunity for the price to change from Bullish to Bearish.
3. Break In Market Structure - BMS for Entries
A Break in Market Structure “BMS” has a similar function to the Shift in Market Structure “SMS”; however, when it occurs, it identifies a potential longer-term trend reversal (compared to the SMS) relative to the timeframe where the BMS is identified.
Unlike “SMS”, the BMS occurs after a run only after a run on Key Highs or Lows.
Similar to the SMS, there can be Bullish and Bearish Breaks in Market Structure.
When a Bullish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bearish to Bullish, as seen in the image below.
The FVG must occur in the lower 50% of the impulse price leg (at Discount).
When a Bearish Break in Market Structure occurs, the indicator identifies an opportunity for a longer-term trend change from Bullish to Bearish.
The FVG must occur in the upper 50% of the impulse price leg (at Premium).
4. Inversion Break and Shift in Market Structure for Early Entries
Inversion “BMS” and “SMS” are similar to the normal SMS and BMS, but they occur:
Bullish: When the FVG of the Bearish BMS/SMS forms in the lower 50% of the impulse price leg (at Discount).
We use the FVG that forms from the Bearish SMS/BMS as an inversion FVG for potential entry after market trend change from Bearish to Bullish.
Bearish: When the FVG of the Bullish BMS/SMS forms in the upper 50% of the impulse price leg (at Premium).
We use the FVG that forms from the Bullish SMS/BMS as an inversion FVG for potential entry after market trend change from Bullish to Bearish.
5. Multi Time Frame analysis
The indicator allows multiple timeframe perspectives to be considered when using it.
The key Highs and Lows have significance not only on the current timeframe they are identified but also on lower or higher timeframes simultaneously.
This is because a ITL/ITH on the 1H means
It’s a LTL/LTH on one or more timeframes lower (15Min, 5M, and 1Min).
And at the same time, it’s a STL/STH on one timeframe higher (4H)
Also, it’s a Significant Low/High (marked with a dot) on two timeframes higher (Daily).
The same logic applies to all other Key Highs and Lows.
Another example is a Significant Low/High (swing marked with a dot below or above it) on the current timeframe (1D) means it’s a STL/STH on one timeframe lower (4H) and an ITL/ITH on two timeframes lower (1H) and a LTH/LTH on three timeframes lower or more (15M, 5M, 1Min, 30 Seconds, etc…).
This Multi-time frame analysis is a great way to help traders understand Market Structure and Market trend on multiple timeframes simultaneously, and it also assists in Top-down analysis.
PS: Note that this multi-timeframe analysis approach and logic can be applied to any timeframe and for any type of trading (swing trading, day trading, scalping, or short-term trading) because the price is fractal.
For example, if a trader is a swing trader, then it’s best to identify trader opportunities on the 1H or higher; however, lower timeframes Market Structure can still be used to help the traders refine their entries and target key highs and lows in the opposite direction.
If a trader is a day trader or a scalper, the trader could use Market Structure on 15M or lower to identify trader opportunities and target key highs and lows in the opposite direction.
6. Setting Targets
The indicator can also be used to identify potential targets after the SMS or BMS occurs. Targets can be chosen above Key Highs or Lows depending on the trade objective and timeframe where the trade idea is identified.
Bonus Features
Highlight Market Structure Trend
This feature is an excellent backtesting visual tool to look at changes in market trends highlighted in colours. These changes are based on the Shift or Break in of Market Structure depending on the selection option.
When "Shift/Break" in Market Structure" is selected, a Bullish trend is highlighted in blue when a Bullish Shift/Break in Market Structure Occurs and in Red when a Bearish Shift/Break in Market Structure Occurs.
Notifications
Sends notifications when there is a Shift or Break in Market Structure on the current timeframe of choice.
MTF External Range Liquidity - SMC IndicatorsThe Multi-Timeframe External Range Liquidity highlights possible “Key Liquidity Zones” above and below Short-Term highs and lows. Allowing for the filtering out of shorter-term swings and easily identifying levels for possible “liquidity runs” or “stop runs”.
Purged Liquidity
This shows areas where the price has already reached above previous key highs or below previous key lows. Recognizing “Purged Liquidity” areas is useful for historical analysis and understanding prior liquidity-driven movements.
Open Liquidity
These mark possible or potential Open Liquidity Zones where the price might reach above or below short-term key highs and lows.
Multi-Timeframe Analysis
The Multi Timeframe Feature allows traders to have all “key Liquidity Levels” from higher and lower timeframes relative to the current timeframe. (Weekly and down to the 1-Minute Chart) while trading in real-time allowing the trader to keep the higher time frame “levels” in mind when trading on lower time frames.
1W BSL & 1W SSL indicate levels of transposed from the Weekly timeframe to the Daily timeframe or lower.
1D BSL & 1D SSL indicate levels of transposed from the Daily timeframe to the 4H timeframe or lower.
4H BSL & 4H SSL indicate levels of transposed from the 4H timeframe to the 1H timeframe or lower.
1H BSL & 1H SSL indicate levels of transposed from the 1H timeframe to the 15M timeframe or lower.
15M BSL & 15M SSL indicate levels of transposed from the 15M timeframe to the 5M timeframe or lower.
5M BSL & 5M SSL indicate levels of transposed from the 5M timeframe to the timeframes lower than 5M.
How This Can Help with Analysis
Timing Entries
This tool can be used to look for possible entry levels by looking at where the last run on liquidity (Purged Liquidity) above a previous key high or low was. The trader would use this indicator by waiting until the liquidity is purged before looking for a possible trade setup.
This helps in waiting for entries and may avoid or reduce the number of entries where the trade would get stopped due to an early entry.
Setting Possible Targets
This indicator can be used to look for higher time frame “Open Liquidity” key levels above short-term highs or below short-term lows as potential targets.
Other Key Features
Alerts on selected time frame “key levels”
Choose to show and hide levels on any timeframe.
Choose the number of the Purged and Open Liquidity desired to show on the chart.
Highlights the Daily, Weekly, and Monthly Highs and Lows.
IMGBasic - HTF Structure / Order Blocks / Breakers - V1.0IMG Indicators Overview
The IMG Indicators are crafted as comprehensive educational tools for price action traders. They incorporate a variety of concepts including:
1. Multiple Timeframe Analysis
2. Order Blocks (OB)
3. Breakers (BRKR)
4. Fair Value Gaps (FVGs)
5. Overlaps of OB and FVG
6. Overlaps of BRKR and FVG
7. Analysis of Internal and External Liquidity
8. Strategies for Identifying Potential Entries, Stop-loss, and Target Levels
9. Risk Management and Position Sizing
These Price Action concepts can be applied to any market (Stocks / Options / Forex / Futures / Crypto ) and any timeframe.
Introduction to the IMG Basic Indicator
The IMG Basic Indicator serves as the foundational level within the IMG suite of indicators. Its core function is to acquaint traders with elementary price action concepts such as:
1. Higher Timeframe Market Structures through Multiple Timeframe Analysis
2. Higher Timeframe Order Blocks
3. Higher Timeframe Breakers
4. Breaks in Higher Timeframe Market Structure
Higher Timeframe Market Structure:
Market Structure can be defined using several techniques. The IMG indicators employ the Close through High/Low technique, which necessitates a candle close through a structural level to validate a structural break and designate a new range.
Example: H12 Market Structure visualisation on a H12 Chart with annotations:
By selecting a particular Market Structure timeframe in the settings, the indicator immediately illustrates both current and historical market structures for the chosen timeframe across all subordinate timeframes, subject to the limitations of your Tradingview subscription.
Example: H12 Market Structure visualisation on a H1 Chart with annotations:
Higher Timeframe Order Blocks (OB)
An Order Block represents the last candle of the opposite direction preceding a Market Structure Break. For instance, a bullish Order Block is identified as the final bearish candle leading to a bullish market structure break, and vice versa for bearish Order Blocks.
Example: H12 OB visualisation on a H12 Chart with annotations:
When activated, the indicator will highlight the Higher Timeframe Order Blocks responsible for a Market Structure Break on all subordinate timeframes relative to the chosen Market Structure Timeframe.
Note: if multiple OBs exist, the indicator will display the OB closest to the new range extreme
Example: H12 OB visualisation on a H1 Chart with annotations:
Higher Timeframe Breaker Blocks (BRKR)
A Breaker Block is identified as the most recent Order Block that has been breached by price, followed by an opposite Market Structure Break. For example, a bullish Breaker Block is the last bearish Order Block that price has passed through, followed by a bullish structural break, and the inverse is true for bearish Breakers.
Example: H12 Breaker visualisation on a H12 Chart with annotations:
Once enabled, the system will display Higher Timeframe Breaker Blocks after an opposite Market Structure Break is confirmed on all subordinate timeframes.
Example: H12 Breaker visualisation on a H1 Chart with annotations:
ALERTS: Higher Timeframe Market Structure Breaks (HTF MSBs)
The system provides notifications of confirmed Market Structure Breaks based on the selected Higher Timeframe Market Structure Timeframe. For instance, selecting a weekly structure will trigger an alert when price closes through a weekly structural level, and the same logic applies to other timeframes like D, H12, H4, H1 etc.
To enable alerts, right-click on the indicator and select “Add Alert on IMG ...”. You may customise the alert name as desired and then click 'Create' to finalise the alert setup.
General Note:
There is no system, indicator, algorithm, or strategy that can provide absolute certainty in predicting market movements. Use trading indicators as a tool to assist with trading decisions and manage your risk wisely.
For a complete user manual / knowledge base on the IMG Indicators, click on the User Manual link in the signature below
Stay safe and Happy Trading!
ICT HTF Candles [Source Code] (fadi)Plotting a configurable higher timeframe on current chart's timeframe helps visualize price movement without changing timeframes. It also plots FVG and Volume Imbalance on the higher timeframe for easier visualization.
With ICT concepts, we usually wait for HTF break of structure and then find an entry on a lower timeframe. With this indicator, we can set it to the HTF and watch the develop of price action until the break of structure happens. We can then take an entry on the current timeframe.
Settings
HTF Higher timeframe to plot
Number of candles to display The number of higher timeframe candles to display to the right of current price action
Body/Border/Wick The candle colors for the body, border, and wick
Padding from current candles The distance from current timeframe's candles
Space between candles Increase / decrease the candle spacing
Candle width The size of the candles
Imbalance
Fair Value Gap Show / Hide FVG on the higher timeframe
Volume Imbalance Show / Hide Volume Imbalance on the higher timeframe
Trace
Trace lines Extend the OHLC lines of the higher timeframe and the source of each
Label Show/Hide the price levels of the OHLC
ICT HTF MSS & Liquidity (fadi)ICT HTF MSS & Liquidity provides higher timeframe view of where the liquidity may reside and when higher timeframe market structure shift has occurred.
In his 2022 mentorship, ICT has advocated used the 15m chart to watch for liquidity and looking for lower timeframes for entry (5m,4m,3m,2m,1m).
Liquidity will reside above pivot points and ICT pivot points are based on 3 candle formation for the short term, three short term formation for intermediate, and three intermediate formation for the long terms.
Options
Timeframe Timeframe to monitor
Use the Short, Intermediate, or Long Term highs and lows
Liquidity Styles
Open liquidity line style, size, and color
Claimed liquidity line style, size, and color
Extend the open liquidity line beyond the current candle
Number of lines to display, this includes claimed and open
ICT NWOG/NDOG [Source Code] (fadi)New Week Opening Gap (NWOG) and New Day Opening Gap (NDOG) are areas on the chart where price tend to react to and has the potential of moving from one gap to the next. These gaps can act as support and resistance zones where price can bounce of, or go through and retest. Areas of interest are the high, low, the Consequent Encroachment (C.E.), which is the middle between high and low of each gap.
Event Horizon is the 50% distance between two NWOGs and price tend to react to, and could act as Premium/ Discount between two NWOGs.
New Week Opening Gap (NWOG)
The difference between Friday close, and Sunday open. Consequent Encroachment (C.E.) is the area between two NWOGs.
Settings NWOG
- The Colors in the form of Current/Previous and line style for NWOG
- Background color to use for Current/Previous
- Number of NWOGs to use by the indicator (ICT recommends using minimum of 5)
- Extend Configuration:
-- Always Extend all NWOGs
-- Above and below only Shows the immediate two NWOGs that are above and below current price. These two NWOGs are recalculated as price moves
-- Any that is near current price Any NWOG that is near the current price, this can result in multiple NWOGs being displayed, with some overlapping
- Event Horizon only applicable when using the "Above and below only settings"
-- Show Date label and type of gap
New Day Opening Gap (NDOG)
The difference between Yesterday's close and Today's open.
Settings NDOG
- The Colors in the form of Current/Previous and line style for NDOG
- Background color to use for Current/Previous
- Number of NDOGs to use by the indicator, default is 1 but price tend to react to previous ones as well
- Extend Configuration:
-- Always Extend all NDOGs
-- Above and below only Shows the immediate two NDOGs that are above and below current price. These two NDOGs are recalculated as price moves
-- Any that is near current price Any NDOG that is near the current price, this can result in multiple NDOGs being displayed, with some overlapping
-- Show Date label and type of gap
Other Settings
Number of candles to use in calculation is used to calculate the size of the candles in order to derive the distance from current price. If current candle sizes is more important than over longer period of time then use 14 or near that number
Factor multiplier for distance test is the number above times X value. Lower timeframes require a higher number than a larger timeframe. If day trading, a value between 10 and 20 is probably best. If swing trading, a value between 5 and 10 is probably best.
Buffer How many candles beyond current price to extend the gaps by. this is helpful to provide cleaner view of the price action
ICT HTF FVGs (fadi)ICT HTF FVGs displays the higher timeframe FVGs on current chart. This allows the trader to easily visualize the higher timeframe FVGs without having to mark them manually and see when price reaches point of interest for possible reversals or reaction.
This indicator attempts to provide as much flexibility possible by being able to define the following:
Higher Timeframe Settings
Timeframe to monitor
Bullish FVG color for this timeframe
Bearish FVG color for this timeframe
Maximum number of FVGs to display for this timeframe
Distance from current bar. This prevents overcrowding of FVGs
Hide Lower Timeframes from current chart. If this option is turned off, 5m timeframe FVGs will be displayed on an hourly chart as an example.
Show Border for the FVGs. Border color is derived from the FVG color
Show Mitigated FVG on the chart. The labels are removed to prevent the labels from overlapping with the candles on the chart/
Show C.E. Draws a line at the middle point of the FVG. This is usually an area of interest.
Show Label Shows the label with label color, background color, and label size.
Daye Quarterly Theory by toodegrees> Introduction and Acknowledgements
The Daye Quarterly Theory° tool encompasses the cyclical Time aspect of the markets as studied and developed by Daye (traderdaye on Twitter).
I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Daye's tweets and material.
I collaborated directly with Daye to bring a comprehensive Time tool to Tradingview.
S/O to @a1tmaniac and @joshuuu for their previous works on this Theory.
> Tool Description
This is purely a graphical aid for traders to be able to quickly determine Daye's Quarterly Cycles, and save Time while on the charts.
The disruptive value of this tool is that it reliably plots forwards in Time, allowing you to strategize and tape read efficiently; as well as calculating all the Cycles, from Micro Sessions, to the Year.
> Quarterly Theory by Daye
The underlying idea is that Time is to be divided in Quarters for correct interpretation of Market Cycles. The specific starting point of a Cycle will depend on the Timeframe at hand.
Daye being one of the most prominent Inner Circle Trader students, these ideas stem from ICT's concepts themselves, and are to be used hand in hand (PD Array Matrix, PO3, Institutional Price Levels, ...).
These Quarters represent:
A - Accumulation (required for a cycle to occur)
M - Manipulation
D - Distribution
X - Reversal/Continuation
The latter are going to always be in this specific sequence; however the cycle can be transposed to have its beginning in X, trivially followed by A, M, and finally D.
This feature is not automatic and at the subjective discretion of the Analyst.
Note: this theory has been developed on Futures, hence its validity and reliability may change depending on the market Time.
This tool does provide a dynamic and auto-adapting aspect to different market types and Times, however they must be seen as experimental.
> Quarterly Cycles
The Quarterly Cycles currently supported are: Yearly, Monthly, Weekly, Daily, 90 Minute, Micro Sessions.
– Yearly Cycle:
Analogously to financial quarters, the year is divided in four sections of three months each
Q1 - January, February, March
Q2 - April, May, June (True Open, April Open)
Q3 - July, August, September
Q4 - October, November, December
Note: this Cycle is the most difficult to optimize as Timeframes become more granular due to the sheer length of its duration. With Time and advancements it will become more accurate. This is the only Cycle for which accuracy is not 100%.
– Monthly Cycle:
Considering that we have four weeks in a month, we start the cycle on the first month’s Monday (regardless of the calendar Day).
Q1 - Week 1, first Monday of the month
Q2 - Week 2, second Monday of the month (True Open, Daily Candle Open Price)
Q3 - Week 3, third Monday of the month
Q4 - Week 4, fourth Monday of the month
– Weekly Cycle:
Daye determined that although the trading week is composed by 5 trading days, we should ignore Friday, and the small portion of Sunday’s price action.
Q1 - Monday
Q2 - Tuesday (True Open, Daily Candle Open Price)
Q3 - Wednesday
Q4 - Thursday
– Daily Cycle:
The Day can be broken down into 6H quarters. These Times roughly define the sessions of the Trading Day, reinforcing the Theory’s validity.
Q1 - 18:00 - 00:00, Asian Session
Q2 - 00:00 - 06:00, London Session (True Open, Midnight New York Time)
Q3 - 06:00 - 12:00, NY Session
Q4 - 12:00 - 18:00, PM Session
Note: these Times are based on Futures Trading in New York Time, these will vary depending on the market type (experimental).
– 90 Minute Cycle:
Merely dividing one of the Daily Cycle’s Quarters we obtain 90 minute quarters. The first one in a Trading Day – 90min Cycles of the Asian Session – follows as an example, in New York Time.
Q1 - 18:00 - 19:30
Q2 - 19:30 - 21:00 (True Open)
Q3 - 21:00 - 22:30
Q4 - 22:30 - 00:00
– Micro Cycle:
Lastly, dividing a 90 Minute Cycle yields 22.5 Minute Quarters, known as Micro Sessions. An example breaking down the 90 Minute Cycle from 18:00 to 19:30 follows.
Q1 - 18:00 - 18:22:30
Q2 - 18:22:30 - 18:45 (True Open)
Q3 - 18:45 - 19:07:30
Q4 - 19:07:30 - 19:30
Note: trivially, these may not be exact unless the Timeframe is in the seconds, to correctly account for the half minute in each quarter – this said the tool is able to plot these anyways, although slight inaccuracy needs to be taken account depending on the Timeframe.
It is important to remember and be aware that the current chart’s Timeframe will heavily impact the plotted Time Cycles. This tool is in its initial form and it will be improved and adapted as traders start using it on a daily basis.
> Tool Settings
Plot Settings:
"Plot Type" will allow you to decide how the Cycles will be displayed. Out of the box the tool will be plotted on a separate pane, at the bottom of the chart; you can decide the orientation of the cycles from longest cycle at the bottom (Bottom Pane), or top (Top Pane). Alternatively you can move the tool to the chart and have the cycles plot on price (Move To -> Existing Pane Above), specifically above price (Top), or below (Bottom). The cycles will auto adjust their position based on the visible price action.
"Historical Cycles" will show previous Historical Cycles, up to where available in terms of script memory.
"Plot Size" will allow you to vary the height of the Cycle’s boxes
"Show Labels" will give you an auto-adapting legend which will help you determine which Cycle is which if you get lost.
The remaining Settings are self explanatory, allowing you to change colors, and choose which Cycles to see.
The source of the code is hidden due to the use of private libraries of mine. Happy to answer any questions in terms of code, where I will not be able to divulge any detail that concerns said libraries. Thank you for understanding!
Major thanks to Daye for his Time and Knowledge, it was a pleasure to collaborate and work together on this tool.
GLGT!
