True Opens [Dango]Description:
This True Open Indicator for Quarterly Theory is designed to assist traders in studying and backtesting Quarterly Theory, a time-based approach to interpreting market cycles. Quarterly Theory, as introduced by the Inner Circle Trader, suggests that time must be divided into quarters for proper analysis of market cycles.
Key concepts of Quarterly Theory:
The yearly cycle consists of four quarters, each comprising three months.
The monthly cycle consists of four quarters, each representing one week (excluding partial weeks).
The weekly cycle consists of four quarters, each representing one day (Monday to Thursday).
The daily cycle consists of four quarters, each representing six hours, aligning with the four main trading sessions (Asian, London, New York, and afternoon).
This indicator plots the true opens, which are crucial reference points in Quarterly Theory. True opens are the opening prices of the second quarter (Q2) of each cycle. They serve as a time-based filter for gauging market swings and determining entry points. When bullish, traders aim to buy below the true open, and when bearish, they aim to sell above it.
The true opens plotted by this indicator include:
Yearly true open
Monthly true open
Weekly true open
Daily true open
Asian session true open
London session true open
New York session true open
Afternoon session true open
The exact times of these true opens are not disclosed, as they are calculated using a proprietary method to ensure accuracy and reliability.
By clearly delineating these true opens on the chart, this indicator serves as a handy visual reference for those who have studied Quarterly Theory. It enables traders to easily identify these key reference points while studying price action across various time frames. It helps traders make informed decisions based on the principles of Quarterly Theory, enhancing their understanding of market cycles and potentially improving the accuracy of their trades.
To effectively utilize this indicator, traders should have a basic understanding of Quarterly Theory and its underlying concepts. The indicator can be used in conjunction with other tools and strategies to analyze price action and make trading decisions.
Please note that while this indicator is designed to assist in studying Quarterly Theory, it should not be considered a standalone trading system. Traders should always exercise caution and use appropriate risk management techniques when trading.
Originality and Usefulness:
This True Open Indicator for Quarterly Theory is a unique tool designed specifically to assist traders in studying and applying the concepts of Quarterly Theory. While there may be other indicators that plot certain opening prices, this indicator stands out by comprehensively plotting all the true opens across various time frames, as defined by Quarterly Theory. Not all
The key unique features of this indicator are:
It plots true opens based on the specific rules of Quarterly Theory, which are not commonly found in other indicators.
It covers a wide range of time frames, from yearly and monthly down to intraday sessions, providing a comprehensive view of market cycles.
The plotted true opens serve as time-based filters for gauging market swings and determining entry points, which is a distinct approach based on Quarterly Theory.
The true opens are calculated using a proprietary method that ensures accuracy and reliability.
The source code of this indicator is kept closed to protect the intellectual property and the proprietary algorithms used to accurately identify and plot the true opens based on Quarterly Theory. The closed-source nature also ensures that the indicator remains reliable and consistent, as it prevents unauthorized modifications that could lead to incorrect or misleading results.
By offering a unique and comprehensive tool for studying Quarterly Theory, this indicator provides significant value to traders seeking to enhance their understanding of market cycles and improve their trading accuracy. The closed-source approach is necessary to maintain the integrity and effectiveness of this specialized indicator.
在腳本中搜尋"Inner circle trader "
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".
TradesAI - Elite (Premium)This is an all-inclusive, premium indicator that focuses mainly on price action analysis, a form of looking at raw price data and market structure to analyze and capture areas of interest where price could react.
This indicator is a perfect trading companion that saves you a lot of time in trading price action. Some of the popular methods that use price action analysis are "Smart Money Concepts (SMC)", "Inner Circle Trader (ICT)", and "Institutional Trading".
🔶 POWERFUL TOOLS
The indicator combines three main tools as a trading suite:
Trendlines
Market Structure Breakouts (MSB)
Order Blocks (OBs) and Reversal Order Blocks (ROBs)
These 3 main tools are interconnected together. Below we go over each, and then explain how and why they are brought in together. Please also note that the indicator's settings have tooltips next to most of them, with more detailed information.
🔶 TRENDLINES
This indicator automatically draws the most relevant Trendlines from pivot high/pivot low (based on the defined settings) as origins, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly.
The indicator will draw all possible Trendlines up to the maximum allowed by TradingView's PineScript. It uses a bullish pivot high candle to draw downtrends, and a bearish pivot low candle to draw uptrends. The algorithm will draw the most suitable active Trendlines from those origin points.
The indicator takes the origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (bullish to bullish or bearish to bearish), to draw the Trendline between the origin candle and this newer candle.
An uptrend is a ray connecting two bearish candles, as long as the second candle has a Low higher than the low of the origin (first) candle. A downtrend is a ray connecting two bullish candles, as long as the second candle has a high lower than the high of the origin (first) candle.
Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the origin always the same but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "final". Note that you have the option to keep all Trendlines or just show the final, in the settings.
So, the algorithm has three states for the Trendlines:
Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline.
Broken: a candle hard closed (opened and closed) across it but still, the direction of the trend is maintained with a new Trendline from the same origin – could be replaced (or kept on the chart as a "backside", which is what we call a broken Trendline to be tested from the opposite side) with a new Trendline from the same origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that Trendline.
Final: a candle hard closed (opened and closed) across it and can't draw a new Trendline from the same origin maintaining the direction of the trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of the Trendline adjustment for that origin.
To summarize the Trendlines algorithm, imagine starting from a candle and drawing the Trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state.
Here is a step-by-step scenario to demonstrate the algorithm:
Notice how first an Uptrend (green ray) is drawn between point A origin pivot (picked by our smart algorithm) and point B, both marked by green arrows:
Uptrend then turned into backside (where it flips from diagonal support to resistance where liquidity potentially resides):
Then a new uptrend is drawn from the same point A origin pivot to a new point B matching the filters in settings.
Finally, it turns also into a backside and is considered final because no more uptrends could be drawn from the same point A origin point.
Unlike traditional Trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as liquidity zones.
Unlike conventional Trendline tools, this indicator allows the user to define the pivot point left and right length to capture the proper ones as origins, then automatically recognizes and extends lines from them as liquidity zones where a reaction is expected. Moreover, the indicator monitors those Trendlines in real-time to switch them from buying to selling zones, and vice-versa, as the price structure changes.
Features
Log vs. Linear scale switch to show different Trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference.
Ability to show all forms of Trendlines, final Trendlines or just backside Trendlines.
Why is it used?
For experienced traders, it offers the advantage of time efficiency, while new traders can bypass the steep learning curve of drawing Trendlines manually, which could practically be drawn between any two candlesticks on the chart (many variations).
🔶 MARKET STRUCTURE BREAKOUT (MSB)
The Market Structure Breakouts (MSB) tool is a trading tool that detects specific patterns on trading charts and provides ‘take profit’ regions based on the extended direction of the identified pattern. A breakout is a potential trading opportunity that presents itself when an asset's price moves away from a zone of accumulation (i.e. above a resistance level or below a support level) on increasing volume. The most famous form of market structure breakout is double/triple tops/bottoms, or what is referred to as W or M breakouts.
See this example below of how our MSB smart algorithm picked the local bottom of INDEX:BTCUSD
Here is a step-by-step scenario to demonstrate the algorithm:
First, the algorithm picks the pivot points according to our Machine Learning (ML) model, which uses Average True Range (ATR) and Moving Averages of various types to decide. It will then signal a Market Structure Breakout (MSB):
You may either short (sell) this MSB towards the targets (dotted green lines) and/or buy (long) at the targets (dotted green lines). Usually, these targets provide scalp moves, according to our model, but they may also act as strong reversal points on the chart.
Unlike standard indicators, the MSB tool identifies patterns that may not appear in every time frame due to specific conditions that need to be met, including Average True Range (ATR) and Moving Averages at the time of creation. Once these patterns are identified, the tool gives ‘take profit’ regions in the direction of the trading pattern and even allows for trading in the opposite direction (contrarian/counter-trend scalps) once those regions are reached. A confirmed breakout has the potential to drive the price to these specific targets, calculated based on our Machine Learning (ML) model. The Targets are the measured moves placed from the breakout point.
Features
Log vs. Linear scale switch to show different MSBs accordingly based on the ratios.
Detects trading patterns with specific conditions.
Ability to specify how sensitive the pivot points are for capturing market structure breakouts.
Provides take profit regions in the extended direction of the pattern.
Allows for versatile trading styles by permitting trades in the opposite direction (contrarian or counter-trend) once the take profit region is reached.
Highlights 2 levels of interest for potential trade initiation (or as targets of the MSB move).
🔶 ORDER BLOCK (OB) and REVERSAL ORDER BLOCK (ROB)
Before diving deeper into OBs and ROBs, you may consider the following chart for a general understanding of price ladders, and how they break. This is a bearish price ladder leaving Lower Lows and Lower Highs after an initial Low and High (L->H->LL->LH). Bullish ladders are the opposite (H->L->HH->HL).
In this bearish ladder case, notice the numbers representing the highs made (being lower). While this is a clean structure, markets don't always create such clean ladders, but you may switch to a higher timeframe to see it in a clearer form (usually, you will be able to spot it there).
In SMC or ICT concepts, the "Break Of Structure (BOS)" is pretty much creating a new lower low (LL) for the bearish ladder (and the creation of a higher high (HH) for the bullish ladder). By doing so, markets are grabbing liquidity below these levels and could either continue the ladder or stop/flip it. This gives you the context of how the ladder prints.
Price usually ends the ladder with a "Change of Character (CHoCH)", which represents a BOS (to grab liquidity) followed by an aggressive move in the opposite direction, which could lead the market to close the gaps and balance out. It is considered a good practice to then target liquidity in the opposite direction when a CHoCH happens, meaning for a bearish ladder you may target the pivots marked by 3, 2 and 1 at the top (start of the ladder).
Now we move to Order Blocks (OBs) and Reversal Order Blocks (ROBs). Think of them as sniper zones or micro ladders inside the bigger ladder/structure.
Order Blocks are usually used as zones of support and resistance on a trading chart where liquidity is present, or what some traders call "potential institutional interest zones". Order Blocks can be observed at the beginning of these strong moves of BOS or the CHoCH, leaving behind a zone (one or more candles) to be revisited later to balance the market. Therefore, these are interesting levels to place Limit/Market orders (sell the peaks or buy the valleys) instead of doing so at the swing highs or swing lows of the ladder (where BOS or CHoCH happened). The idea here is that the price could go deep into the ladder's step (peak or valley), and by doing so, it usually goes to these zones.
A bullish Order Block (Valley-OB) is the last bearish candle of a downtrend before a sequence of bullish candles (thus forming a "Valley"). A bearish Order Block (Peak-OB) is the last bullish candle of an uptrend before a sequence of bearish candles (thus forming a "Peak"). Our indicator captures the full range zones of the OB meaning not only the last candle but the sequence of same-type candles immediately next to it, which creates a zone, thus the name "OB/ROB Zone". Not only does the tool mark those levels on the chart, but it also has a smart tracking algorithm to remove the appropriate levels dynamically. It will monitor, candle by candle, what is happening to all the OBs/ROBs, and update them according to how they are being tested/visited (eg. weak testing being a touch, and strong testing being a touch of the same colour candle).
Bullish Valley-OB:
Bearish Peak-OB:
The indicator follows our concept of "Zone Activation" to determine whether to mark zones with dashed or solid lines.
If we take a bearish Peak-OB as an example, notice how it first gets drawn with a dashed red line (as the algorithm monitors how far the price moved away from the zone):
As price moves away (distance based on our Machin Learning (ML) model), it turns into solid lines:
Some people prefer to enter market orders or limit (pending) orders close to the zone, while others wait for it to hit. You may wait for these zones to turn into solid lines (meaning that the price made a decent move away from it before revisiting it). It depends on your trading strategy.
When Order Block (OB) zones break instead of holding the ladder, they turn into what we call Reversal Order Blocks (ROB); our algorithm of flipping these zones where price could react from the other side of the OB. Our algorithm monitor and highlight the most suitable ones to trade, based on +30 conditions and variables by our Machine Learning (ML) models. Examples of ROBs in the SMC or ICT trading community are a "Breaker Block", a "Mitigation Block" or a "Unicorn Setup". However, our algorithm filters the zones based on many factors such as ratios of price movement before, inside and after these zones, along with many other factors.
The algorithm monitors the ratios of how price moved into and away from the OB/ROB, as well as the type of move happening, to then filter the ones that are considered of high probability to break/not do a reaction.
A bullish Valley-OB (green) turns into a bearish Valley-ROB (neon red) where you may short (sell), while a bearish Peak-OB (red) turns into a bullish Peak-ROB (neon green) where you may long (buy).
Example of a bullish Valley-OB that turned into a bearish Valley-ROB:
Features
Log vs. Linear scale switch to show OBs/ROBs accordingly based on the ratios and the price action around these zones (before and after creation).
Uses our Machine Learning (ML) model to determine relevant Order Blocks (OBs) to show or hide based on price action.
Considers distribution and accumulation candles to find relevant Order Blocks.
Various types of triggers to mark those Order Blocks and their zones: breakout, close, hard close (open and close) or full close (low, high, open and close).
Monitors the 1:1 expansion of price from key areas of interest, which would change the importance of the zones through our concept of “Zone Activation”.
Allows for customization in the settings to display different types of Order Blocks (e.g., tested or untested).
Marking and invalidating levels based on many variables, including single or multiple candle zones, touching/closing beyond specific levels, weak/strong testing criteria, price tolerance % (near a level), and many more.
Provides color-coded visual representation for easier interpretation.
Why is it used?
Order Blocks (OB) and Reversal Order Blocks (ROB) represent the building blocks of price ladders, in conjunction with Swing Highs and Swing Lows. By identifying where liquidity is potentially present, they become common targets for big market players. Additionally, they provide clear invalidation points based on various types of candle closes, such as hard closes or simply a candle close.
One strategy that could be used is to open positions at these OB or ROB Levels as long as the chart maintains the trend (ladder), for a potentially higher win rate (or against it for a quick scalp). Be mindful of the breaking of a ladder or the building of a new one. A ladder breaks with a hard close (open and close) of a candle across the closest two levels; a ladder builds by not breaking back down across the levels it has tested. By definition, strong ladders will have a few untested levels and come back to wick them but still retain the structure of the laddering direction (trending with Lower Lows + Lower Highs or Higher Lows + Higher Highs).
🔶 COMBINING ALL TOOLS
In summary, Trendlines could be great tools to give you a general context of whether the price is laddering up or down. Once you spot the ladder, your goal is to either trade in its direction (not to go against the trend) or to counter-trend trade (contrarian). To do so, you could use the MSB tool to spot these BOS/CHoCH. And to give you more precise entries, you may rely on the OB/ROB zones which usually mesh over the ladder, to provide a sniper entry!
🔶 RISK DISCLAIMER
Trading is risky, and most day traders lose money. The risk of loss in trading can be substantial. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
ICT AMDWhat the indicator does
This indicator, named "ICT AMD indicator", is designed for traders who follow the ICT (Inner Circle Trader) theory, focusing on identifying and visualizing phases of market structure related to Accumulation, Manipulation, and Distribution. These phases are crucial for understanding the market's direction and potential turning points. The indicator:
Draws boxes on the chart to represent Accumulation, Manipulation, and Distribution areas, providing a visual representation of these key market phases.
Highlights areas where the market is likely accumulating assets before a big move, manipulating prices to trigger retail stop losses, and distributing assets after a significant price move.
How the indicator does it
The indicator implements its functionality through a series of calculated steps and conditions:
Utilizes pivot points to identify potential swing highs and lows within the market, which serve as the basis for determining the phases of Accumulation, Manipulation, and Distribution.
Allows users to customize the pivot range and whether to include wicks in the pivot calculation, giving flexibility in identifying swing points based on personal trading style or strategy.
Creates visual boxes on the chart where these phases are identified:
Accumulation boxes are drawn when the market is perceived to be gathering assets, indicated by a specific price behavior around swing lows.
Manipulation boxes appear around price levels where the market is likely pushing beyond key accumulation or distribution zones, possibly to trigger stop-loss orders.
Distribution boxes are established following the manipulation phase, indicating areas where the market is offloading assets post-accumulation.
Adjusts the right edge of these boxes as new price information becomes available, ensuring they remain relevant and accurate to current market conditions.
Employs color coding (green for Accumulation, red for Manipulation, and blue for Distribution) to make the distinction between different market phases clear and intuitive.
How traders can use it
Traders can leverage the "ICT AMD indicator" to enhance their market analysis and decision-making process:
Identify potential entry and exit points by observing the transitions between Accumulation, Manipulation, and Distribution phases.
Adjust their risk management strategies based on the identification of Manipulation areas, which could indicate areas of high stop-loss activity.
Use the Accumulation and Distribution boxes to gauge the strength of a trend or potential reversal points, as these areas often precede significant market moves.
Incorporate the indicator's insights with other analysis tools or indicators to confirm trade hypotheses or to refine entry and exit strategies.
Apply the visual cues provided by the indicator to anticipate market moves based on historical patterns of Accumulation, Manipulation, and Distribution, aligning their trading strategies with the inferred market psychology.
By understanding and utilizing the visual and analytical insights provided by the "ICT AMD indicator", traders can potentially improve their trading outcomes by aligning their strategies with the underlying market dynamics it reveals.
OHLC Statistical Mapping [Pro+] (Joshuuu)Description:
Dive into the intricate world of candlestick analysis with the OHLC Statistical Mapping Pro+! This collaboration with Joshuuu offers a closer look into the historical data of specific candles within an analyst’s chosen timeframe, providing insights for future time and price delivery. Incorporate this interactive tool into your Tradingview templates and revolutionize your strategies with data. This advanced indicator goes beyond conventional OHLC representation, incorporating the principles of Inner Circle Trader (ICT) to explore accumulation, manipulation, and distribution candle-by-candle.
ICT traders identify manipulation as the wick opposing to the candle’s close. Analysts can observe manipulation legs seen as a movement to trap market participants in the "wrong" direction, to anticipate a candle's distribution.
When price distributes, it expands for higher or lower prices. Analysts can therefore note distribution levels for a draw on liquidity, retracement, or reversal.
These levels will provide important information about orderflow when price trades through them and the sequence in which the delivery occurs.
Additionally, to amplify the price mapping, this tool plots the average Time at which its manipulation and distribution phases should complete. This feature allows traders to utilize historical Timings in conjunction with the price levels of manipulation and distribution.
As with any historical data driven tool, analysts should not expect past behaviour to match future performance. This tool was created with a data driven edge to bring attention to when candles are likely to turn after their manipulations, or retrace after completing set distributions.
Key Features:
Average Range Precision: Visualize candlestick data through a sophisticated line and label-based format, facilitating the identification of your manipulation, distribution, and time pivots. Enhance your comprehension of market volatility by graphing the average range of your selected candle timeframe. This metric acts as a compass, steering you towards potential support and resistance areas.
Tailored Timeframe Selection: Tailor your analysis by choosing a specific time frame that aligns with your trading strategy, enabling a focused exploration of the candle’s manipulation, distribution, and time in which both levels are hit.
Real-time Information Flow: Monitor market developments with instantaneous updates on candlestick statistics. Each candle updates the script with latest OHLC information providing continuous historical data computations, even on timeframes sub 1 minute.
Historical Mapping:
Easily backtest previous mappings by enabling the historical mapping feature. This feature allows traders to revisit and analyze past market scenarios, offering a valuable tool for refining and validating trading strategies. Choose to show historical labels or remove them, giving ultimate flexibility for journaling.
User-Intuitive Interface: Navigate effortlessly through the tool's interface, designed to accommodate advanced traders with keen passion for data driven precision. Effortlessly customize the display settings to match your preferences, ensuring a seamless and personalized experience.
Usage Guidance:
Add OHLC Statistical Mapping Pro to your Tradingview chart.
Choose up to 5 timeframes for the mapping to plot on your chart, be sure to adjust your style and visual preferences to differentiate the timeframes’ levels.
Observe how calculated manipulation, distributions, and delivery times align together with predetermined analysis.
Leverage this information with other models and insights to create a stronger narrative for your analysis
These tools are available ONLY on the TradingView platform.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Macro Matrix [Pro+] (DRxICT)Description:
Visualize the intricacies of the financial markets with Macro Matrix, a tool meticulously crafted with insights drawn from the teachings of Inner Circle Trader (ICT), and enhanced by ICT_Concepts.
A Macro is a short list of orders that the Interbank Price Delivery Algorithm (IPDA) will run to determine which liquidity to seek or which inefficiencies to rebalance. ICT traders are taught to focus on these Time windows to frame the clearest narrative and observe defining market behaviour. Traders can use the Macro Matrix to stay alerted about key market timings and price swings that arise during these times.
The Macro Matrix Pro+ brings the power of Macros to new heights thanks to ICT_Concepts’s studies of the market, by taking the price range defined by a Macro Time Window (i.e. 9:50-10:10 AM New York Time), and projecting it above and below the original range creating extensions, similar to DR models. Analysts can use these extensions to measure future price swings as targets, retracement levels, or key reversals.
In addition, analysts have the flexibility to choose different extensions over time. Extend projections until the next Macro, for the next 3 Macros, or even for a whole day. By considering and cross-referencing previous Macros, analysts can gain insights into their potential impact on the market and identify key market pivots.
When news events occur in specific macros on specific days of the week, these time based ranges can offer unique insights. This is particularly true when we consider the different impacts that various days of the week can have on market trends. By analyzing news events that fall within macro time ranges, analysts can gain a deeper understanding of the ranges that influence future market movements.
Key Features:
Day of the Week Filtering: refine your macro selection by implementing a day-of-the-week filter. This feature allows you to precisely tailor your chosen macros, enabling you to identify specific time-based opportunities within the week.
CME_MINI:ES1! Friday Macros only:
Macro Range: choose whether to base your macro range projections on the candle bodies or the wicks, offering you versatile control over your analysis and automate drawings.
CME_MINI:NQ1! Body vs. Wick difference:
Macro Extension: toggle between different extension methods to identify prior macro levels for future opportunities. Select to extend macro lines at intervals of 3, 6, 9 macros, or 1, 2, 3 days.
CME_MINI:NQ1! Different Extension periods:
Automatic Macro Coloring: choose to automatically color the macros based on the relationship of the open and the close or choose a single color to identify the macros and projections. Bullish macros will be colored blue and bearish macros will be colored red by default.
FOREXCOM:EURUSD Note how coloring helps determine narrative throughout the day:
Macro Open, Close, and Range Projections: identify key price levels of algorithmic timings to locate price inefficiencies, liquidity pools of interest, and equilibrium price points of fair value. Easily select these levels, as well as range projections up to 2.5 standard deviations.
CME_MINI:NQ1! Levels legend:
Alert Systems: customize alerts with flexible intervals preceding macro initiation in the market. Craft personalized alerts to stay informed and prepared for future market movements.
Usage Guidance:
Add Macro Matrix to your Tradingview chart.
Tailor your experience by toggling specific Time-based macros and style your perspective to be aligned with your analytical preference.
Observe where and when the market begins its macros, and how projections are utilized to influence macro or micro trends.
Leverage this invaluable information with other models and insights to create a stronger narrative for your analysis.
These tools are available ONLY on the TradingView platform.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
Fractal Consolidations [Pro+]Introduction:
Fractal Consolidations Pro+ pushes the boundaries of Algorithmic Price Delivery Analysis. Tailored for traders seeking precision and efficiency to unlock hidden insights, this tool empowers you to dissect market Consolidations on your terms, live, in all asset classes.
What is a Fractal Consolidation?
Consolidations occur when price is trading in a range. Normally, Consolidation scripts use a static number of "lookback candles", checking whether price is continuously trading inside the highest and lowest price points of said Time window.
After years spent studying price action and numerous programming attempts, this tool succeeds in veering away from the lookback candle approach. This Consolidation script harnesses the delivery mechanisms and Time principles of the Interbank Price Delivery Algorithm (IPDA) to define Fractal Consolidations – solely based on a Timeframe Input used for context.
Description:
This concept was engineered around price delivery principles taught by the Inner Circle Trader (ICT). As per ICT, it's integral for an Analyst to understand the four phases of price delivery: Consolidation , Expansion , Retracement , and Reversal .
According to ICT, any market movement originates from a Consolidation, followed by an Expansion .
When Consolidation ranges begin to break and resting liquidity is available, cleaner Expansions will take place. This tool's value is to visually aid Analysts and save Time in finding Consolidations in live market conditions, to take advantage of Expansion moves.
CME_MINI:ES1! 15-Minute Consolidation setting up an Expansion move, on the 10 Minute Chart:
Fractal Consolidations Pro+ doesn't only assist in confirming Higher Timeframe trend continuations and exposing opportunities on Lower Timeframes. It's also designed for both advanced traders and new traders to save Time and energy in navigating choppy or rangebound environments.
CME_MINI:ES1! 30 Minute Consolidation forming Live, on the 5 Minute Chart:
By analyzing past price action, traders will find algorithmic signatures when Consolidations are taking place, therefore providing a clearer view of where and when price is likely to contract, continue consolidating, breakout, retrace, or reverse. A prominent signature to consider when using this script is ICT's Market Maker Buy/Sell Models. These signatures revolve around the engineering of Consolidations to manipulate price in a specific direction, to then reverse at the appropriate Time. Each stage of the Market Maker Model can be identified and taken advantage of using Fractal Consolidations.
CME_MINI:NQ1! shift of the Delivery Curve from a Sell Program to a Buy Program, Market Maker Buy Model
Key Features:
Tailored Timeframes: choose the Timeframe that suits your model. Whether you're a short-term enthusiast eyeing 1 Hour Consolidations or a long-term trend follower analyzing 4 Hour Consolidations, this tool gives you the freedom to choose.
FOREXCOM:EURUSD Fractal Consolidations on a 15 Minute Chart:
Auto-Timeframe Convenience: for those who prefer a more dynamic and adaptive approach, our Auto Timeframe feature effortlessly adjusts to the most relevant Timeframe, ensuring you stay on top of market consolidations without manually adjusting settings.
Consolidation Types: define consolidations as contractions of price based on either its wick range or its body range.
COMEX:GC1! 4 Hour Consolidation differences between Wick-based and Body-based on a 1 Hour Chart:
Filtering Methods: combine previous overlapping Consolidations, merging them into one uniform Consolidation. This feature is subject to repainting only while a larger Consolidation is forming , as smaller Consolidations are confirmed. However once established, the larger Consolidation will not repaint .
FOREXCOM:GBPUSD 15 Minute Consolidation Differences between Filter Consolidations ON and OFF:
IPDA Data Range Filtering: this feature gives the Analyst control for selective visibility of Consolidations in the IPDA Data Range Lookback . The Analyst can choose between 20, 40, and 60 days as per ICT teachings, or manually adjust through Override.
INDEX:BTCUSD IPDA40 Data Range vs. IPDA20 Data Range:
Extreme Float: this feature provides reference points when the price is outside the highest or lowest liquidity levels in the chosen IPDA Data Range Lookback. These Open Float Extremes offer critical insights when the market extends beyond the Lookback Consolidation Liquidity Levels . This feature helps identify liquidity extremes of interest that IPDA will consider, which is crucial for traders in understanding market movements beyond the IPDA Data Ranges.
INDEX:ETHUSD Extreme Float vs. Non-Extreme Float Liquidity:
IPDA Override: the Analyst can manually override the default settings of the IPDA Data Range Lookback, enabling more flexible and customized analysis of market data. This is particularly useful for focusing on recent price actions in Lower Timeframes (like viewing the last 3 days on a 1-minute timeframe) or for incorporating a broader data range in Higher Timeframes (like using 365 days to analyze Weekly Consolidations on a daily timeframe).
Liquidity Insight: gain a deeper understanding of market liquidity through customizable High Resistance Liquidity Run (HRLR) and Low Resistance Liquidity Run (LRLR) Consolidation colors. This feature helps distinguishing between HRLR (high resistance, delayed price movement) and LRLR (low resistance, smooth price movement) Consolidations, aiding in quick assessment of market liquidity types.
TVC:DXY Low Resistance vs. High Resistance Consolidation Liquidity Behaviour and Narrative:
Liquidity Raid Type: decide whether to categorize a Consolidation liquidity raid by a wick or body trading through a level.
CBOT:ZB1! Wick vs. Body Liquidity Raid Type:
Customizable User Interface: tailor the visual representation to align with your preferences. Personalize your trading experience by adjusting the colors of consolidation liquidity (highs and lows) and equilibrium, as well as line styles.
Liquidity Depth [Pro+]Description:
Liquidity Depth Pro+ is a trading tool with a remarkable adaptability and perfectly aligned with the intricate demands of the futures, forex, and bond markets. This indicator is based on a concept taught by the Inner Circle Trader (ICT), who explains that institutions tend to dig deeper into Liquidity Pools above highs and below lows. Specifically, ICT mentions how in Forex these Liquidity Depths are classically manifested as 10-20-30 pips respectively.
This tool allows the Analyst to adapt this concept based on their understanding of price. It delves into the essence of institutional trading, exposing deeper liquidity depth pursued by institutional giants and astute bank traders that lay further than the mere extremities of price.
CME_MINI:NQ1! Example (Tuesday):
Price raids Monday's low
Price raids Friday's low
Price digs deeper into one of Friday's Deep Liquidity Pools
Low of the Day Reversal
Note: the Depths used in this example are 30-60-90 points.
Key Features:
Versatility Across Assets: Liquidity Depth Pro+ is finely tailored for futures, forex, and bond markets, making it an all-encompassing solution suitable for a broad range of financial instruments.
Timeframe Customization: Liquidity Depth Pro+ allows users to decide Timeframe Liquidity empowering the analyst with flexibility.
Historical Pools: Choose up to the last 20 highs and lows to mark liquidity pools from the User Selected Timeframe.
Universal Trading Style: Regardless of your trading approach, be it trend-following or reversal models, this indicator embraces all styles. It offers a holistic perspective to navigating liquidity zones above highs and below lows of the chosen Timeframe.
Visual Precision: This indicator visualizes the liquidity depth with a customizable style, allowing the analyst to frame the position of deeper liquidity pools above highs and below lows.
Liquidity Table: Keep track of liquidity levels and unlock faster decision making by taking advantage of the visual Liquidity Table cues.
Adaptive Table Colors: When price is above your desired liquidity pool high, the table will match the liquidity high color to indicate a current liquidity raid or deeper pool being attacked. Vice versa, when price is below your desired liquidity pool low, the table will match the liquidity low color.
Real-Time Alerts: Save Time with live alerts that provide valuable insights into potential opportunities and liquidity purges at your desired liquidity levels.
Other Features:
Choose the Depth Type ("Auto", "Value", "Ticks", "Pips"). The “Auto” feature will select the best unit of measurement for the depths based on the current market on chart.
Choose to show up to Three Liquidity Depths.
Customize the Liquidity Line Style.
Customize the Liquidity Line Color.
Customize the Liquidity Line Width.
Customize Table Size and Location
Usage Guidance:
Add Liquidity Depth to your Tradingview chart.
Customize your desired Timeframe and Liquidity Depths to align with your personal preference.
Observe where the Liquidity Lines manifest above and below your chosen Timeframe’s highs and lows respectively, once they are raided.
Leverage this invaluable information to frame the narrative, whether you opt to pursue liquidity or capitalize on post-purge reversals.
These tools are available ONLY on the TradingView platform.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products.
Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
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!
Buyside & Sellside Liquidity [LuxAlgo]The Buyside & Sellside Liquidity indicator aims to detect & highlight the first and arguably most important concept within the ICT trading methodology, Liquidity levels.
🔶 SETTINGS
🔹 Liquidity Levels
Detection Length: Lookback period
Margin: Sets margin/sensitivity for a liquidity level detection
🔹 Liquidity Zones
Buyside Liquidity Zones: Enables display of the buyside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for buyside liquidity levels & zones.
Sellside Liquidity Zones: Enables display of the sellside liquidity zones.
Margin: Sets margin/sensitivity for the liquidity zone boundaries.
Color: Color option for sellside liquidity levels & zones.
🔹 Liquidity Voids
Liquidity Voids: Enables display of both bullish and bearish liquidity voids.
Label: Enables display of a label indicating liquidity voids.
🔹 Display Options
Mode: Controls the lookback length of detection and visualization, where Present assumes last 500 bars and Historical assumes all data available to the user
# Visible Levels: Controls the amount of the liquidity levels/zones to be visualized.
🔶 USAGE
Definitions of Liquidity refer to the availability of orders at specific price levels in the market, allowing transactions to occur smoothly.
In the context of Inner Circle Trader's teachings, liquidity mainly relates to stop losses or pending orders and liquidity level/pool, highlighting a concentration of buy or sell orders at specific price levels. Smart money traders, such as banks and other large institutions, often target these liquidity levels/pools to accumulate or distribute their positions.
There are two types of liquidity; Buyside liquidity and Sellside liquidity .
Buyside liquidity represents a level on the chart where short sellers will have their stops positioned, and Sellside liquidity represents a level on the chart where long-biased traders will place their stops.
These areas often act as support or resistance levels and can provide trading opportunities.
When the liquidity levels are breached at which many stop/limit orders are placed have been traded through, the script will create a zone aiming to provide additional insight to figure out the odds of the next price action.
Reversal: It’s common that the price may reverse course and head in the opposite direction, seeking liquidity at the opposite extreme.
Continuation: When the zone is also broken it is a sign for continuation price action.
It's worth noting that ICT concepts are specific to the methodology developed by Michael J. Huddleston and may not align with other trading approaches or strategies.
🔶 DETAILS
Liquidity voids are sudden changes in price when the price jumps from one level to another. Liquidity voids will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers. The peculiar thing about liquidity voids is that they almost always fill up.
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case;
Liquidity level is detected/updated.
Liquidity level is breached.
🔶 RELATED SCRIPTS
ICT-Concepts
ICT-Macros
Imbalance-Detector
Seasonal Open Interest° by toodegreesDescription:
The Open Interest (OI) is a valuable metric that gets released at the end of each trading day. This metric represents the number of outstanding futures contracts held by market participants for a given commodity or market
The concept of utilizing the OI data as a strategic trading tool was first introduced by Larry Williams :
Rise in Price + Rise in OI: strong trend – new money is coming into the market, showing aggressive buying activity
Rise in Price + Decline in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse lower
Decline in Price + Decline in OI: strong trend – new money is coming into the market, showing aggressive selling activity
Decline in Price + Rise in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse higher
The Inner Circle Trader (ICT) expanded on these ideas, by exposing Smart Money's behaviour:
Rise in Price + Rise in OI: shorts are being stopped out, and new sellers take their place – gradually, longs get stronger and shorts get weaker
Rise in Price + Decline in OI: Smart Money longs are taking profit and liquidating their positions, and weak shorts are exiting the market
Decline in Price + Decline in OI: longs are being stopped out, and new buyers take their place – gradually, shorts get stronger and longs get weaker
Decline in Price + Rise in OI: Smart Money shorts are taking profit and liquidating their positions, and weak longs are exiting the market
Further, ICT showed the importance of OI in consolidations at Institutional Support or Resistance levels:
Consolidation + Rise in OI: bearish sign due to Smart Money is playing the short side and accumulating positions
Consolidation + Decline in OI: bullish sign due to Smart Money covering their short positions
Last but not least, the Seasonal Open Interest shows us a historical reference point of how OI usually, but not always, develops over the trading year.
Depending on the narrative, a higher/lower OI than its Seasonal Tendency can provide an incredible edge by pointing traders towards what side Smart Money is taking.
The Open Interest Meter shows you a visual representation of how many Standard Deviations the Open Interest is deviating from its Seasonal Tendency.
You can also display this visually as a shaded area between the two metrics:
Features:
Plot Open Interest Data
Plot the Seasonal Open Interest for a specific year
See the OI vs. Seasonal OI in a tailored meter
Shade the area between the OI and the Seasonal OI based on their difference
ICT Commitment of Traders° by toodegreesDescription:
The Commitment of Traders (COT) is a valuable raw data report released weekly by the Commodity Futures Trading Commission (CFTC). This report offers insights into the current long and short positions of three key market entities:
Commercial Traders ( usually represented in red )
Large Traders ( typically depicted in green )
Small Speculator Traders ( commonly shown in blue )
The concept of utilizing the COT data as a strategic trading tool was first introduced by Larry Williams, who emphasized the importance of monitoring Commercial Speculators – large corporate producers or consumers of commodities.
The Inner Circle Trader (ICT) prompts us to delve deeper into this data. While we can easily determine their Net Position (also referred to as the Main Program) by subtracting Commercial Short Positions from the Commercial Long Positions, this calculation doesn't reveal their ongoing Hedge Program .
Merely following the Main Program won't provide a trading edge. Aligning with the Hedge Program can be an invaluable weapon in your trading arsenal.
The Commercial Speculators' Hedge Program can be unveiled by examining the highest and lowest reading of their Net Position over a chosen time period and setting a new "zero line" between these extremes. This process generates a novel "COT Graph" providing a detailed understanding of the Commercial Speculators' current market activity.
When the Hedge Program, Seasonality, and Open Interest are cross-referenced with Institutional Orderflow, a trader can construct a very clear medium-to-long-term market narrative.
Features:
Access COT Data for the Commercial Speculators via Tradingview's reliable data source
Automate calculations and display the 3-month, 6-month, 12-month, 2-year, and 3-year Hedge Program
Define your own Custom Time Range for the Hedge Program
Display the Main Program and all Hedge Programs in an easy-to-understand table format
Additionally, by following the included instructions, you can augment your table with COT data from multiple markets. This extra information can help monitor correlated markets and develop a more robust market narrative:
Seasonal Tendency° [Pro+] by toodegreesTRADINGVIEW IMAGE IS NOT DISPLAYING THE TOOL CORRECTLY, CHECK OUT THE IMAGES BELOW!
Description:
A Seasonal Tendency is a historical pattern or roadmap that reflects how price action has behaved in the past during specific time periods, usually on a monthly basis. It is not an absolute guarantee of future price movements, but rather a general rule of thumb to identify potential high-probability long-term trades. Seasonal tendencies can be used to analyze various pairs and asset classes, and when combined with the underlying market trends or conditions, they can help traders narrow down specific times of the year when big moves are more likely to occur.
Keep in mind that while these seasonal tendencies have been successfully compared with the Inner Circle Trader's go-to seasonal third-party provider and are based on sound statistical logic, their reliability is dependent on the data available on TradingView. This means that the accuracy and relevance of these tendencies may vary, but they still serve as valuable tools for identifying potential high-probability trading opportunities when used in conjunction with other market analysis techniques. Pay attention to the Years of Data used to determine the significance of the information for your trading hypotheses.
Tool Features:
Discover the power of our innovative tool that seamlessly integrates all available TradingView data to create a dynamic on-chart seasonal display:
– Monitor the 5, 10, 15, 30, and All Time Seasonal graphs with ease
– Effortlessly visualize and align the seasonal graphs with real-time prices for a holistic view
– Align the seasonal graph with the annual timeline, pinpointing precise moments for potential trading setups, keeping Months and Quarters in mind
– Read into the seasonality thanks to the Seasonal Lows and Highs Matrix
– Auto-detect the underlying Futures Contract's Asset Class
– Monitor the entire Asset Class' Seasonal Tendencies with a tailored Seasonal Lows and Highs Matrix
Find a Video Preview and the User Manual here .
Templates:
Dark Mode
Table+Overlay
Holy Seasonal
Collection of all Asset Classes for Commodity Futures in one place. Note: the number of dashboards depends on your Tradingview Plan.
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Market Structure & Liquidity: CHoCHs+Nested Pivots+FVGs+Sweeps//Purpose:
This indicator combines several tools to help traders track and interpret price action/market structure; It can be divided into 4 parts;
1. CHoCHs, 2. Nested Pivot highs & lows, 3. Grade sweeps, 4. FVGs.
This gives the trader a toolkit for determining market structure and shifts in market structure to help determine a bull or bear bias, whether it be short-term, med-term or long-term.
This indicator also helps traders in determining liquidity targets: wether they be voids/gaps (FVGS) or old highs/lows+ typical sweep distances.
Finally, the incorporation of HTF CHoCH levels printing on your LTF chart helps keep the bigger picture in mind and tells traders at a glance if they're above of below Custom HTF CHoCH up or CHoCH down (these HTF CHoCHs can be anything from Hourly up to Monthly).
//Nomenclature:
CHoCH = Change of Character
STH/STL = short-term high or low
MTH/MTL = medium-term high or low
LTH/LTL = long-term high or low
FVG = Fair value gap
CE = consequent encroachement (the midline of a FVG)
~~~ The Four components of this indicator ~~~
1. CHoCHs:
•Best demonstrated in the below charts. This was a method taught to me by @Icecold_crypto. Once a 3 bar fractal pivot gets broken, we count backwards the consecutive higher lows or lower highs, then identify the CHoCH as the opposite end of the candle which ended the consecutive backwards count. This CHoCH (UP or DOWN) then becomes a level to watch, if price passes through it in earnest a trader would consider shifting their bias as market structure is deemed to have shifted.
•HTF CHoCHs: Option to print Higher time frame chochs (default on) of user input HTF. This prints only the last UP choch and only the last DOWN choch from the input HTF. Solid line by default so as to distinguish from local/chart-time CHoCHs. Can be any Higher timeframe you like.
•Show on table: toggle on show table(above/below) option to show in table cells (top right): is price above the latest HTF UP choch, or is price below HTF DOWN choch (or is it sat between the two, in a state of 'uncertainty').
•Most recent CHoCHs which have not been met by price will extend 10 bars into the future.
• USER INPUTS: overall setting: SHOW CHOCHS | Set bars lookback number to limit historical Chochs. Set Live CHoCHs number to control the number of active recent chochs unmet by price. Toggle shrink chochs once hit to declutter chart and minimize old chochs to their origin bars. Set Multi-timeframe color override : to make Color choices auto-set to your preference color for each of 1m, 5m, 15m, H, 4H, D, W, M (where up and down are same color, but 'up' icon for up chochs and down icon for down chochs remain printing as normal)
2. Nested Pivot Highs & Lows; aka 'Pivot Highs & Lows (ST/MT/LT)'
•Based on a seperate, longer lookback/lookforward pivot calculation. Identifies Pivot highs and lows with a 'spikeyness' filter (filtering out weak/rounded/unimpressive Pivot highs/lows)
•by 'nested' I mean that the pivot highs are graded based on whether a pivot high sits between two lower pivot highs or vice versa.
--for example: STH = normal pivot. MTH is pivot high with a lower STH on either side. LTH is a pivot high with a lower MTH on either side. Same applies to pivot lows (STL/MTL/LTL)
•This is a useful way to measure the significance of a high or low. Both in terms of how much it might be typically swept by (see later) and what it would imply for HTF bias were we to break through it in earnest (more than just a sweep).
• USER INPUTS: overall setting: show pivot highs & lows | Bars lookback (historical pivots to show) | Pivots: lookback/lookforward length (determines the scale of your pivot highs/lows) | toggle on/off Apply 'Spikeyness' filter (filters out smooth/unimpressive pivot highs/lows). Set Spikeyness index (determines the strength of this filter if turned on) | Individually toggle on each of STH, MTH, LTH, STL, MTL, LTL along with their label text type , and size . Toggle on/off line for each of these Pivot highs/lows. | Set label spacer (atr multiples above / below) | set line style and line width
3. Grade Sweeps:
•These are directly related to the nested pivots described above. Most assets will have a typical sweep distance. I've added some of my expected sweeps for various assets in the indicator tooltips.
--i.e. Eur/Usd 10-20-30 pips is a typical 'grade' sweep. S&P HKEX:5 - HKEX:10 is a typical grade sweep.
•Each of the ST/MT/LT pivot highs and lows have optional user defined grade sweep boxes which paint above until filled (or user option for historical filled boxes to remain).
•Numbers entered into sweep input boxes are auto converted into appropriate units (i.e. pips for FX, $ or 'handles' for indices, $ for Crypto. Very low $ units can be input for low unit value crypto altcoins.
• USER INPUTS: overall setting: Show sweep boxes | individually select colors of each of STH, MTH, LTH, STL, MTL, LTL sweep boxes. | Set Grade sweep ($/pips) number for each of ST, MT, LT. This auto converts between pips and $ (i.e. FX vs Indices/Crypto). Can be a float as small or large as you like ($0.000001 to HKEX:1000 ). | Set box text position (horizontal & vertical) and size , and color . | Set Box width (bars) (for non extended/ non-auto-terminating at price boxes). | toggle on/off Extend boxes/lines right . | Toggle on/off Shrink Grade sweeps on fill (they will disappear in realtime when filled/passed through)
4. FVGs:
•Fair Value gaps. Represent 'naked' candle bodies where the wicks to either side do not meet, forming a 'gap' of sorts which has a tendency to fill, or at least to fill to midline (CE).
•These are ICT concepts. 'UP' FVGS are known as BISIs (Buyside imbalance, sellside inefficiency); 'DOWN' FVGs are known as SIBIs (Sellside imbalance, buyside inefficiency).
• USER INPUTS: overall setting: show FVGs | Bars lookback (history). | Choose to display: 'UP' FVGs (BISI) and/or 'DOWN FVGs (SIBI) . Choose to display the midline: CE , the color and the line style . Choose threshold: use CE (as opposed to Full Fill) |toggle on/off Shrink FVG on fill (CE hit or Full fill) (declutter chart/see backtesting history)
////••Alerts (general notes & cautionary notes)::
•Alerts are optional for most of the levels printed by this indicator. Set them via the three dots on indicator status line.
•Due to dynamic repainting of levels, alerts should be used with caution. Best use these alerts either for Higher time frame levels, or when closely monitoring price.
--E.g. You may set an alert for down-fill of the latest FVG below; but price will keep marching up; form a newer/higher FVG, and the alert will trigger on THAT FVG being down-filled (not the original)
•Available Alerts:
-FVG(BISI) cross above threshold(CE or full-fill; user choice). Same with FVG(SIBI).
-HTF last CHoCH down, cross below | HTF last CHoCH up, cross above.
-last CHoCH down, cross below | last CHoCH up, cross above.
-LTH cross above, MTH cross above, STH cross above | LTL cross below, MTL cross below, STL cross below.
////••Formatting (general)::
•all table text color is set from the 'Pivot highs & Lows (ST, MT, LT)' section (for those of you who prefer black backgrounds).
•User choice of Line-style, line color, line width. Same with Boxes. Icon choice for chochs. Char or label text choices for ST/MT/LT pivot highs & lows.
////••User Inputs (general):
•Each of the 4 components of this indicator can be easily toggled on/off independently.
•Quite a lot of options and toggle boxes, as described in full above. Please take your time and read through all the tooltips (hover over '!' icon) to get an idea of formatting options.
•Several Lookback periods defined in bars to control how much history is shown for each of the 4 components of this indicator.
•'Shrink on fill' settings on FVGs and CHoCHs: Basically a way to declutter chart; toggle on/off depending on if you're backtesting or reading live price action.
•Table Display: applies to ST/MT/LT pivot highs and to HTF CHoCHs; Toggle table on or off (in part or in full)
////••Credits:
•Credit to ICT (Inner Circle Trader) for some of the concepts used in this indicator (FVGS & CEs; Grade sweeps).
•Credit to @Icecold_crypto for the specific and novel concept of identifying CHoCHs in a simple, objective and effective manner (as demonstrated in the 1st chart below).
CHoCH demo page 1: shifting tweak; arrow diagrams to demonstrate how CHoCHs are defined:
CHoCH demo page 2: Simplified view; short lookback history; few CHoCHs, demo of 'latest' choch being extended into the future by 10 bars:
USAGE: Bitcoin Hourly using HTF daily CHoCHs:
USAGE-2: Cotton Futures (CT1!) 2hr. Painting a rather bullish picture. Above HTF UP CHoCH, Local CHoCHs show bullish order flow, Nice targets above (MTH/LTH + grade sweeps):
Full Demo; 5min chart; CHoCHs, Short term pivot highs/lows, grade sweeps, FVGs:
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias (part A):
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias, 3hrs later (part B):
Realtime Vs Backtesting(A): btc/usd 15m; FVGs and CHoCHs: shrink on fill, once filled they repaint discreetly on their origin bar only. Realtime (Shrink on fill, declutter chart):
Realtime Vs Backtesting(B): btc/usd 15m; FVGs and CHoCHs: DON'T shrink on fill; they extend to the point where price crosses them, and fix/paint there. Backtesting (seeing historical behaviour):
ICT Algorithmic Macro Tracker° (Open-Source) by toodegreesDescription:
The ICT Algorithmic Macro Tracker° Indicator is a powerful tool designed to enhance your trading experience by clearly and efficiently plotting the known ICT Macro Times on your chart.
Based on the teachings of the Inner Circle Trader , these Time windows correspond to periods when the Interbank Price Delivery Algorithm undergoes a series of checks ( Macros ) and is probable to move towards Liquidity.
The indicator allows traders to visualize and analyze these crucial moments in NY Time:
- 2:33-3:00
- 4:03-4:30
- 8:50-9:10
- 9:50-10:10
- 10:50-11:10
- 11:50-12:10
- 13:10-13:50
- 15:15-15:45
By providing a clean and clutter-free representation of ICT Macros, this indicator empowers traders to make more informed decisions, optimize and build their strategies based on Time.
Massive shoutout to @reastruth for his ICT Macros Indicator , and for allowing to create one of my own, go check him out!
Indicator Features:
– Track ongoing ICT Macros to aid your Live analysis.
- Gain valuable insights by hovering over the plotted ICT Macros to reveal tooltips with interval information.
– Plot the ICT Macros in one of two ways:
"On Chart": visualize ICT Macro timeframes directly on your chart, with automatic adjustments as Price moves.
Pro Tip: toggle Projections to see exactly where Macros begin and end without difficulty.
"New Pane": move the indicator two a New Pane to see both Live and Upcoming Macro events with ease in a dedicated section
Pro Tip: this section can be collapsed by double-clicking on the main chart, allowing for seamless trading preparation.
This indicator is available only on the TradingView platform.
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
HTF Power of Three° [Pro+] by toodegreesDescription:
Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader , and inspired by Larry Williams .
The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution ( AMD ).
This tool helps to build narrative, as well as spotting important institutional levels.
ICT traders assume that this pattern represents how any candle is built.
“ This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time. ”
Consider the development of a Bullish Candle over Time:
– Candle Open (initial value price, prior to dynamic imbalance)
– Accumulation of longs around the opening price
– Manipulation where short liquidity is engineered and long liquidity is neutralized
– Range Expansion (dynamic price imbalance)
– Distribution pairing long exits with pending buy interest
– Candle Close (ending value price, post dynamic imbalance)
The same goes for the development of Bearish Candles, in reverse.
Indicator Features:
The HTF Power of Three° Pro+ Indicator allows to monitor the selected Higher Timeframe Candles in real time:
– Follow HTF Candle development Live
– Plot unlimited HTF Candles on the current resolution
– Use NY Midnight time as the Candle Open on Daily and Weekly timeframes
– Spot HTF PD Arrays while on a lower timeframe
– See where the HTF Open, High, and Low are in the current lower resolution with high precision
– Know when the HTF candle is supposed to Close by monitoring its own countdown (below 1D)
– Note previous HTF Low to High ranges to gain a deeper understanding of LTF market profiles
Additional Features:
– Choose between Candles and Bars to display your HTF PO3s
– Hover on the open and close of past HTF candles to see their OHLC and Range values
– Resize and offset HTF candles to your liking
– Stack multiple instances on the indicator to show multiple higher timeframes at once on the same layout
– Backtest strategies with two (or more) timeframes on one chart
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
Indicator In Action:
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
HTF Power of Three°Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader and inspired by Larry Williams.
The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution .
ICT traders assume that this pattern represents how any candle is built.
“This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time.”
Consider the development of a Bullish Candle over Time:
– Candle Open (initial value price, prior to dynamic imbalance)
– Accumulation of longs around the opening price
– Manipulation where short liquidity is engineered and long liquidity is neutralized
– Range Expansion (dynamic price imbalance)
– Distribution pairing long exits with pending buy interest
– Candle Close (ending value price, post dynamic imbalance)
The same goes for the development of Bearish Candles, in reverse.
The HTF Power of Three° Indicator allows to monitor the selected Higher Timeframe Candle in real time:
– See where its Open, High, and Low are in the current lower resolution with high precision
– Know when it's supposed to Close by monitoring its own countdown (if below 1D)
– Note its Low to High range to gain a deeper understanding of LTF market profiles
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
This becomes very useful when studying, and especially using, PO3. One can use this as a tool to build narrative, as well as spotting important institutional levels.
You can also monitor more than one HTF PO3 at the time by stacking multiple instances of the indicator:
This works on any timeframe, even the seconds charts!
Note: if you select too high of a PO3 timeframe while on LTF you might receive an error due to TrandingView's data availability on that chart – this can also depend on your TradingView Plan.
ICT Market Structure and OTE ZoneThis indicator is based on the ICT (Inner Circle Trader) concepts, and it helps identify daily market structure and the optimal trade entry (OTE) zone based on Fibonacci retracement levels.
To read and interpret this indicator, follow these steps:
Daily High and Low: The red line represents the daily high, while the green line represents the daily low. These lines help you understand the market structure and the range within which the price has moved during the previous day.
OTE Zone: The gray area between two gray lines represents the optimal trade entry (OTE) zone. This zone is calculated using Fibonacci retracement levels (in this case, 61.8% and 78.6%) applied to the previous day's high and low. The OTE zone is an area where traders might expect a higher probability of a price reversal, following the ICT concepts.
To use this indicator for trading decisions, you should consider the following:
Identify the market structure and overall trend (uptrend, downtrend, or ranging).
Watch for price action to enter the OTE zone. When the price reaches the OTE zone, it may indicate a higher probability of a price reversal.
Combine the OTE zone with other confluences, such as support and resistance levels, candlestick patterns, or additional ICT concepts like order blocks and market maker profiles, to strengthen your trading decisions.
Always use proper risk management and stop-loss orders to protect your capital in case the market moves against your trade.
Keep in mind that the provided indicator is a simple example based on the ICT concepts and should not be considered financial advice. The ICT methodology is vast, and traders often combine multiple concepts to develop their trading strategies. The provided indicator should be treated as a starting point to explore and implement the ICT concepts in your trading strategy.
ICT Opening Gaps [MK]
The indicator plots levels which can act as magnets to price. The levels are gap areas which are used within the ICT (The Inner Circle Trader) trading system.
The indicator plots 5 areas of interest:
1: Daily Volume Imbalances - Referencing the Daily chart, boxes are calculated from close to open between all candles. Candles which have only 'wicks' between the close and open prices are considered 'volume imbalances. The boxes can then be shown on LTFs to aid in decision making for intraday traders. Imbalances can be limited to a maximum amount shown and mitigated imbalances can be removed from the chart. All colors can be customised.
Volume Imbalance example:
2: NWOG - New Week Opening Gap - Plotted from Friday Close at 1659 to Sunday Opening at 1800 (EST). The current NWOG can be displayed on its own, or previous weeks can also be shown (ICT recommends the previous 4 weeks also). Boxes are plotted with a midline and all colors can be customised.
New Week Opening Gaps example:
3. NDOG - New Day Opening Gaps - Plotted from day close at 1659 (EST) to restart at 1800 (EST). All colors can be customised. These gaps can be very small so line widths of 3+ are recommended if the lines are to be seen on HTFs
New Day Opening Gap example:
4. New Opening Gap - Plotted from close at 1659 to Session open at 0930 (EST). These areas can possibly be closed/filled after opening at some time. The indicator will draw box to the right of price which shows if the Opening Gap is UP or DOWN. The box will change color to show up or down, or text alone can be used instead of the box. All colors can be customised.
New Opening Gap Box example:
5. 0930 Opening Line - Draws a horizontal line from the opening price at 0930 (EST) to the last bar on the chart. This is the level used to calculate the New Opening Gap. All colors can be customised.
0930 Opening Line example:
Inducement / Stop Hunt [TFO]This indicator shows inducement / stop hunts accompanied by volume spikes. The idea is inspired by ICT (Inner Circle Trader) concepts where price is always seeking "liquidity" by reaching for trivial pivots where the average retail trader would put their stop loss. When price seeks these levels and stops out these traders, you might expect an influx of volume due to the high number of shares/contracts being exchanged. And when there is an above-average spike in volume at these prices, it's possible to assume "smart money" may be buying retail's sell stops and vice versa. This is just my interpretation - I'm aware that ICT doesn't use volume as part of his analysis, and often advocates against using volume altogether, however I personally find it to be a great analytical tool in this context.
In my opinion this works best on 1m and smaller timeframes. Volume gets very diluted on timeframes greater than 1-3 minutes. It's easier to find volume spikes on very small timeframes like the 15s.
Futures Exchange Sessions 2.0Description
Successor to Futures Exchange Sessions indicator. Completely rebuilt code from the ground up. Every feature has been redesigned and refactored to be the most beneficial while allowing for complete configuration by the user.
This indicator displays Futures Sessions as live boxes that expand dynamically as price moves over the time interval. These boxes make liquidity levels extremely easy to spot and visualize. It helps the user identify market structure and develop their own bias of price action. Everything about the Session boxes can be configured. Box color, border color, border style, and border width are all individually controllable. Each Future Session can be turned on or off at any time. Also, each box has their own text label (Asian Session, London Session, New York Session) and this text can be moved around the box, change color, and change size.
Previous days highs and lows (major liquidity levels) are always important to the futures trader. This indicator now allows the user to individually display the three previous days highs and low levels as lines with optional label. Each line can be independently toggled on or off and like always, every conceivable customization option is available to the user. And the labels can be moved to the right (via the Input Settings) to allow unobstructed views of candles.
The midnight EST open and 8:30 AM EST open horizontal lines (developed by the Inner Circle Trader) are returning in this indicator. But the biggest improvement is that the lines stop at the current bar or the last bar of the trading day. Additionally, the time lines are displayed on previous days so the user can easily see how the candles reacted to these important times of the day.
The Session boxes and the horizontal time lines now can be set to only display a certain number of day back. If the user wants just to see Session boxes for the previous day only, they can do that. If the user wants to see the last 15 days of boxes or lines it is very easy to increase the days back in the settings. Currently, the max days back is 80 calendar days.
Additional Images
Easily visualize and understand price action across time
Everything is customizable so the user can easily match this indicator to their color preferences
Special Notes
To turn off box session text set opacity to 0%
Boxes and horizontal time lines only display when timeframe is <= 30 minute
Ambu IndicatorAids in analysis and trading with ICT models by automatically plotting concepts taught by Michael J. Huddleston, the Inner Circle Trader.
Mainly tailored around my specific trading needs, I just decided to share because it might help other people too.
What's Plotted and Included in the Indicator:
1. FVGs
2. ICT Sessions - Since this indicator is tailored specific to my trading needs, I disabled LCKZ, NYCKZ, IPDA TD, etc.
Asian Killzone - 1900-0000 EST
London Open Killzone - 0200-0500 EST
NY Open Killzone - 0700-1000 EST
Central Bank Dealer's Range - 1600-2000 EST
3. Seasonal Tendencies - The background color of the Killzones reflect the seasonal tendency of the specific pair. Currently, the only pairs supported are DXY, GBPUSD, EURUSD, and NAS100. More pairs being supported is planned for the future.
4. Midnight Opening Price - 0000 EST
To Do:
1. Pairs to add seasonal tendencies for (in-order)
SP500
US30
AUDUSD
USDCAD
XAUUSD
2. Weekly Opening Price
3. For indices, the 0830 (EST) IPDA shift opening price
4. PWH/PWL?
5. PMH/PML?
Intraday Power 3 VisualDescription
This indicator draws a dynamic "Open High Low Close" type visual on intraday charts so the trader can easily keep track of the daily/weekly movement. This indicator was inspired by the Inner Circle Trader’s (ICT) “Power 3” concept, which is Accumulation, Manipulation, and Distribution of price on a daily timeframe.
Visual
This indicator plots the chosen timeframes opening price along with a live line for the current price. This makes it very easy to identify the daily/weekly range along it’s open. And the user can combine this indicator with my other indicator “Futures Exchange Sessions” to plot the midnight EST & 8:30 AM EST lines to get a great summation of over night price action.
Inputs and Style
In the Input section the user can dynamically switch between Daily and Weekly timeframes. Built in ability to move the entire Visual to the right makes preventing indicator overlap a breeze. All of the lines can be configured: color, style, and width. Independently toggle ON/OFF the Power 3 labels (Accumulation, Manipulation, Range Extension, Distribution) and can change labels color. The labels dynamically move and switch positions based upon bear or bull daily/weekly range.
Special Notes
The Futures market is open 23/5. It is closed everyday for 1-hour at 5pm EST and closed over the weekends. Because this Intraday Power 3 Visual is drawing in the 'future' on the users TradingView chart, when the visual is close or in a time when the market is closed, the visual doesn't behave properly. This is because TradingView doesn't display times when the Market is closed, thus the drawings cannot be displayed during those times. There is nothing wrong with the script. Please wait until the Market is open and the visual will be drawn normally.
This indicator is intended for use in the Futures Market
