ProConcepts (v-1.0.2)

2022年2月27日

ProConcepts is a smart moeny concepts indicator that has several primary functions and features.

BOS Feature: BOS stands for break of structure and this is used to determine market structure support and resistance breakouts. The blue and red lines plot the pivot highs and lows on every time frame. When a trend is in a single direction and BOS appears, that is a strong sign that market structure is broken and the trend will continue.

CHOCH Feature: Similar to BOS the change of character feature is also a smart money concept where in a trend, CHOCH essentially is used to help determine a change of that trend with a low being violated in an uptrend or a high being violated in a downtrend. CHOCH is what determines the high lows of the trend.

Shaded Candle Feature: The candles are shaded either red or blue based on the trend. the CHOCH as discussed previously determines the trend and shades the candles blue and red according to the highs and lows.

Sessions Shading Feature: The background shading with lower opacity indicates a sessions feature that seperates the main trading sessions of the day, London, Asia, and New York. They are color coordinated and can be changed to fit your needs as a trader.

FVG Feature: FVG stands for fair value gap which is an area on the chart where there is a single directional movement either bullish for the blue FVG and bearish for the red FVG. These fvgs are strong areas of interest for rejections of price because they are agressive movements similar to an imbalance. The FVG should be used as a retest confirmation of a trend during a breakout of the BOS or a CHOCH.

High Low Feature: Disabled on the default chart is a a high low feature that marks all of the high lows of a trend so you can identify areas of support and resistance.

2022年2月28日

發行說明

Added alerts for BOS and CHOCH. Also added yellow candles to the shading options to indicate a liquidity sweep before a reversal.

2022年2月28日

發行說明

Added yellow shading for liquidity swipes. If a candle is yellow it is hunting stop losses above or below a market structure support or resistance.

2022年3月8日

發行說明

Added discount premium fibonacci feature as well as the first iteration of order blocks smart money concept

2022年4月7日

發行說明

V2.1 Added a new golden FVG feature to indicate FVGs with higher probability of playing out than a normal FVG

2022年4月19日

發行說明

V2.2 Added multi time frame FVG abilities. Also added the ability to toggle which types of FVGs you want on the chart bullish vs bearish. Removed the order block feature and enhanced the signal settings of the golden FVG.

2022年5月1日

發行說明

Removes sessions feature, and high low of the sessions. Improved speed of code.

2022年6月7日

發行說明

Merged the Soldi and DynaPro scripts into one
Added External Structure
Added Order Blocks

2022年6月7日

發行說明

Added the option for Volatility Candles & Low Volatility Plots under the Candle Modification section

2022年8月16日

發行說明

In this update we roll out the efficient update, we have limited the plotting capacity and also the security requests. If there is any bugs please let us know

2022年8月17日

發行說明

Fixed minor label bug

2023年6月23日

發行說明

ProConcepts is a smart moeny concepts indicator that has several primary functions and features.

BOS Feature: BOS stands for break of structure and this is used to determine market structure support and resistance breakouts. The blue and red lines plot the pivot highs and lows on every time frame. When a trend is in a single direction and BOS appears, that is a strong sign that market structure is broken and the trend will continue.

CHOCH Feature: Similar to BOS the change of character feature is also a smart money concept where in a trend, CHOCH essentially is used to help determine a change of that trend with a low being violated in an uptrend or a high being violated in a downtrend. CHOCH is what determines the high lows of the trend.

Shaded Candle Feature: The candles are shaded either red or blue based on the trend. the CHOCH as discussed previously determines the trend and shades the candles blue and red according to the highs and lows.

Sessions Shading Feature: The background shading with lower opacity indicates a sessions feature that seperates the main trading sessions of the day, London, Asia, and New York. They are color coordinated and can be changed to fit your needs as a trader.

FVG Feature: FVG stands for fair value gap which is an area on the chart where there is a single directional movement either bullish for the blue FVG and bearish for the red FVG. These fvgs are strong areas of interest for rejections of price because they are agressive movements similar to an imbalance. The FVG should be used as a retest confirmation of a trend during a breakout of the BOS or a CHOCH.

High Low Feature: Disabled on the default chart is a a high low feature that marks all of the high lows of a trend so you can identify areas of support and resistance.