This indicator uses valid pullbacks in order to draw market structure with strict accordance to TradingHub strategy.
Features
Our indicator uses a number of price concepts, such as:
IDM
BoS & ChoCh (also their sweeps)
Automatic resolving of ChoCh-IDM and IDM-BoS conflicts
Orderblocks (IDM, Extreme)
True Fair Value Gaps (FVG)
True PDH/PDL
SCOB pattern
One of the core features is the ability to choose a time point, from which the market structure will be drawn. This feature alone allows you to test your most desired hypotheses about the market movements within a few clicks, so no more guesses and "what if"s, because you get the opportunity to test everything yourself and right now.
Settings
Let's review the settings themselves:
Extended Structure: allows you to choose between drawing market structure for a whole timeline or from specific time point only;
Build OB by sweeps: allows you to only draw orderblocks from candle, which took liquidity from previous candle by sweep;
Structure colours & text: allows you to customise visuals representations of market structure elements on your chart;
Structure visuals: allows you to choose which elements of market structure you want/don't want to see on your chart;
Show trend: allows you to choose the way market structure trend will be displayed on your chart: divider or background colouring;
Alerts for each and every event, whether it is a new BoS, ChoCh, orderblock and etc.
Usage Examples
IDM Orderblock (OB-IDM) Basic demonstration
When price reaches OB-IDM, you will be able to receive an alert. After that, check if the candle, that reached OB-IDM, closed inside or above(bearish scenario)/below(bullish scenario) OB-IDM's boundaries. If conditions above were met, go on LTF and look for an entry.
Extreme Orderblock (OB-EXT) Basic demonstration
Similar to OB-IDM situation: When price reaches OB-EXT, you will be able to receive an alert. After that, check if the candle, that reached OB-EXT, closed inside or above(bearish scenario)/below(bullish scenario) OB-EXT's boundaries. If conditions above were met, go on LTF and look for an entry.
Sweep PDH/PDL Basic demonstration
* PDH — Previous Day High * PDL — Previous Day Low When you received PDH sweep alert and current trend is bearish, go on LTF to find entry point. (bullish scenario: PDL sweep and current trend is bullish)
Sweep ChoCh Basic demonstration
If you get alert of sweeped ChoCh, it usually means that price grabbed the liquidity from extremum points and is ready to continue going with the trend. Go on LTF to find an entry.
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SCOB pattern updates
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Fixed OrderBlock bug
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Fixed minor structure bugs
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Fixed minor OB bugs
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SCOB pattern updates
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Fixed structure bugs
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Minor SCOB updates
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- Fixed manual mode of structure mapping - Minor OB-IDM updates
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Minor updates
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Minor structure mapping fix
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Fix choch-idm conflict bug
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Minor structure mapping fix
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Minor structure mapping updates
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Minor structure mapping updates
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Important mapping bug fixes;
New feature: after PDHL were tested, their lines and labels will no longer be prolonged. This will allow to only see valid live PDHL levels;
New feature: now you can choose to only see live structure (BoS, ChoCh, IDM) by ticking the corresponding button in the settings ("Show live BoS" and etc.).
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+ OB colors + Switch for P/D zones + Alerts for P/D zones + Alerts for one leg ChoCh + Inside bar highlighting
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+ Minor updates + SCOB formation alert
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+ Fixed ChoCh mapping after specific outside bar grab
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🟡Previous OB-EXT. Now you can see all OB-EXT orderblocks for the available price history, and many of you probably already know, that OB-EXT is a great POI, which often gives very lucrative trade; opportunities.
🟡 SMT. Less lucrative POI than OB-IDM or OB-EXT, but can still offer good entry opportunities;
🟡 FVG. Before this update FVG was only used in orderblocks, but now we've decided to make FVG as separate feature, which allows to see all live and unfilled FVGs for the available price history. Also, when price touches FVG, script adjusts the touched FVGs, so you would see how much unfilled imbalance there if left;
🟡 Extended BoS & ChoCh lines. Sometimes, because of sweeps, BoS and ChoCh can be hard to spot on the chart. Now it is no longer the case, because you can choose in the settings to extend BoS and ChoCh lines to the time point of the first sweep, which spotting BoS and ChoCh way easier.
✔️ Also we have optimized our algorithms even more to deliver better performance and precision. Especially significant changes were made to orderblock algorithm.
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minor updates
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Minor updates
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Minor updates
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Minor updates
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Huge update: + New IDM type is now available — Pro. IDM of this type is much more prone to reflect the most liquid point of interest and cause price to reverse when reached. This is meant for advanced usage. User can choose between old type (in-idm) and new type (Pro) in the settings by toggling option "IDM Type"; + Reengineered and updated logic of OB-IDM and OB-EXT validation and tracking; + Major bug fix for every visual element of the indicator with the focus on orderblocks; + Major optimization updates to all elements of the indicator with the focus on orderblocks; + Updated UI; - Removed redundant settings.
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+ Fixed Pro IDM calculation logic when outside bar are encountered. Rare issue, which plotted wrong structure after it has occurred.
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+ Important IDM calculation logic fix.
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+ Major IDM calculation logic fix, caused by legacy code nuances; + Redundant legacy code deleted.
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+ Important 'Pro' IDM logic for outside bars, which rarely caused incorrect structure mapping.
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+ Updated OB calculation and visualization logic.
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+ Hugely optimized OB calculation algorithm. + Improved ICM calculation architure, allowing correct structure in complex cases using 'Pro' IDM and 'structure slider' (appears when setting 'Extended Structure' to 'off'). + Refactored code.
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+ Deleted graphical elements from the chart. + Deleted debug mark from indicator's name.
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+ Updated live FVG visualization and calculation logic, bugs fixed (caused by complex situations). 'Floating' mid line is now fixed.
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+ Fixed bugs with Previous OB-EXT mapping, which caused a lot of mess on the chart in a lot of situations.
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+ Fixed and fine-tuned IDM Pro logic, which previosuly had been broken by several complex situations. + Updated OB calculation logic, which previously had an error.
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+ Important IDM calculation logic fix: IDM was not calculating right when outside bar were encountered.
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+ Added new option to 'Alerts' group — Alert Frequency. This option allows users to choose their own alert frequency: once per bar (comes by default) or once per bar close. This is an important feature for those, who need their alert data only when alert-triggering candle finally closes.
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* From now on all new versions will be marked with unique version number
version: 2.1.1
IDM type 'Pro' is renamed to 'ext-idm' (external IDM);
Group 'Structure' is renamed to 'Structure | Visual Controls';
Group 'Discount/Premium Zones' is renamed to 'Premium/Discount | Main Controls';
Added new Premim/Discount zone representation type 'Lines'. Now P/D can be represented as 3 lines: upper, middle (equilibrium) and lower;
Added line and colour style options to Premium/Discount;
Added line colour options for PDH/PDL.
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version 2.1.2:
Updated IDM algorithm for cases with multiple outside bars.
Group Inside Bars Colouring rename to Inside Bars | Settings;
Created group SCOB | Settings; moved Show SCOB to it.
Added options for choosing bullish and bearish colours of the SCOB.
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version 2.1.3:
[*} Made some optimizations to structure drawing algorithms;
Fixed bug with live ChoCh.
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*no version change
Deleted debug elements from the chart;
Made final fix to live ChoCh issue. Now this feature works correctly.
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version 2.1.4:
Important IDM logic fix for outside bars, which sometimes caused incorrect structure mapping.
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version 2.1.5:
Redesign of IDM logic for most complex cases, provided by clients;
Minor optimaztions.
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version: 2.1.6:
Major IDM calculation optimizations & logic fix;
Code optimzations.
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Minor update: + Fixed alert message format; + Fixed bug of 'Sweeped IDM' alert.
IFC Pattern Mechanics from the True Price Movement Perspective: When a major player plans a trending move, they need to clear out all "passengers" on the current "flight." Why?
Smaller players will cover their positions, slowing the trending movement. This isn’t favorable for institutional traders, so they make a sharp move to trigger stop-losses among retail traders, allowing them to realize their trending potential.
This is how the IFC is formed — a candlestick with high volume, a large shadow, and an imbalance.
A valid IFC is only one that has sweeped liquidity.
How to Use the IFC Pattern:
HTF (Higher Time Frame) – for higher time frames, an IFC represents a significant zone of interest;
LTF (Lower Time Frame) – upon reaching a point of interest (POI) on the HTF, an IFC on the LTF serves as an excellent entry point, where the stop-loss is placed behind the candle’s high or low.
Here are a few examples of IFC usage:
Personally we have to say, that IFC is a great POI to trade on crypto markets, considering their volatility and sharp movements.
+ Added Engulfing Candle(EC)(+ Alerts);
Engulfing Candle (EC) is a classic candle pattern, which calculates quite simply:
Bullish EC = close > previous high AND low < previous low;
BearishEC = close < previous low AND high > previous high.
- Deleted live FVG feature for robustness increase and saving of computational power.
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no version update *: + Long OB-EXT alert bug fixed.