Smart Money ConceptSmart Money Concept is being used to understand the Market Structure, Demand/Supply, and Risk Management.
- Lines represent BoS and CHoCH.
- X-cross and Diamond shapes represent Peak and Trough.
- Numbers represent the Spread Percentages.
在腳本中搜尋"market structure"
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
MTF Swing Highs/LowsI designed this indicator out of necessity for the Market structure/Price action trading strategy I use.
I thought I'd share. :)
This indicator displays Swing Highs and Lows an 3 timeframes based on the Chart timeframe, as follows:
Chart TF Higher TF Highest TF
1m 5m 15m
5m 15m 60m
15m 60m 240m
60m 240m Daily
You can change the font size of the labels as you'd prefer.
Swing High/Low Indicator w/ MACD and HTF EMA'sSwing High/Low Indicator w/ MACD and EMA Confirmations by KaizenTraderB
I designed this indicator to be used with a market structure break strategy.
It labels swing highs and lows that are confirmed by the MACD.
It also displays a higher timeframe Fast and Slow EMA to determine directional bias.
Also provides alerts that signal Swing Low breaks in downtrends and Swing High Breaks in uptrends.
It draws a horizontal line on the last Swing High and Low.
Display this indicator on your entry timeframe and choose your Higher Timeframe in settings.
You can also change lookback period for Swing Highs and Lows and EMA's.
When I use this I am looking for the Swing High/Low break in direction of HTF Trend
Then look for pullback between price level of break and areas of liquidity (wicks, order blocks, price congestion) for entry in direction of EMA trend.
PFCC - Pivot Fractal Chaos Channel [Open Source]With the release of my indicator "TOTC - Trade outside the Channel" , the Pivot Fractal Chaos Channel used there has attracted significant interest.
Due to requests from some users, I am happy to publish the source code of the PFCC - although it is not "new" and has been implemented in many other scripts in one way or another. Some Examples:
Support and Resistance Levels with Breaks:
Support Resistance MTF:
Pivot Points High Low (HH/HL/LH/LL):
The code is briefly commented. Please feel free to use or further customize it ... And, of course, I would be happy to be named and/or linked. If you're satisfied, maybe buy me a coffee ;-)
I'm curious to see how this indicator will develop with more ideas - Please keep me updated by commenting below or by sending me a message.
Let's take a quick look at the function and idea
PFCC - "Pivot Fractal Chaos Channel" or also known as "Fractal Chaos Band" can serve as a baseline trend indicator for your strategy.
Essentially, the "Fractal Chaos Channel" shows an overall panorama of price action. As they filter out the insignificant price fluctuations. The upper level is created by drawing price highs and the lower level is created by drawing price lows.
Two Ideas, how this indicator can be used
Trend indicator: If the price breaks the upper line, it could be taken as a buy signal. If the price breaks the lower line, it could be taken as a sell signal.
Trailing Stop Loss: You can track the stop loss with the rising line in case of a buy trade. On the other hand, you can track the stop loss with the falling fractal line in case of a sell trade.
What do I need to consider?
It may be advisable to add further indicators and an analysis of the market structure in order to confirm the signals issued by the indicator. Please note that when you make adjustments to any strategy, you always carry out particularly detailed tests.
You would like to use this indicator, but you have adjustment requests, you want to have additional filters or features implemented, ...?
I am happy to create individual indicators based on "PFCC - Pivot Fractal Chaos Channel" or your ideas. Write me a message and we will discuss the details and conditions.
Higher order Orderblocks + Breakerblocks + Range + AlertsThis script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets tested.
After successful test box gets colors:
RED for Supply
GREEN for Demand
BLUE for any Breakerblocks
For cleaner chart and script speed all broken boxes deletes from chart.
It gives comparatively clean chart on any TF, even on extra small (5m, 3m, 1m).
For Range there is option to plot 0.25, 0.5, 0.75 lines.
I usually use log scale on charts and there is an option to use it for proper range mean.
In previous my scripts i have requests to make alerts and this time i made it.
It has customizable alert catching all needed alerts into one output:
- Alert MSB - when market structure changes alert will inform you about its direction, MSB line and new Demand/Supply.
- Alert Orderblock or Breakerblock test - alerts when block was tested and it holds (in other words when it get RED/GREEN/BLUE colors)
- Alert New Range - when new range detected
- Alert Range test - alerts when range top or botoom was tested and it holds.
some examples :
Time-Period Coloring Instagram LuckyNickVAFor Coloring Your Candles To A Specific Time Period. Used To Exploit Perspective Of Market Structure For Different Time Periods.
HTF Highs Lows [JV]█ OVERVIEW
This script presents a label with an overview of higher timeframe highs and lows. This can be useful information as we all know that price likes to revisit previous highs and lows area, specially on the higher timeframe.
█ CONCEPTS
This information can be relevant and valuable for various reasons:
Finding horizontal Support and Resistance
Get a better view on Market Structure
Provide some information about Order Flow
TrendLines
...
█ FEATURES
Plots
This script provides the option to show information about 3 timeframes
Each timeframe can be separately shown or hidden
The Y position of the info label can be user defined, based on high or low of the chosen timeframe
The X offset of the info label can be adjusted to the user's liking and the chart resolution
The label color and text color can be user defined
The info label's size can be user defined
█ NOTES
Caveat
The timeframes must be chosen in order of size. Meaning that the highest timeframe should be on top. This is title as such on the info label, but I want to mention it again as it's something to pay attention to.
Repainting
The question that pops up all the time is: Does it repaint ?
I will quote PineCoders on this:
We're pretty sure Wilder was not asked very often if RSI repainted. Why? Because it wasn't in fashion—and largely unnecessary—to ask that sort of question in the 80's. Many traders back then used daily charts only, and indicator values were calculated at the day's close, so everybody knew what they were getting. Additionally, indicator values were calculated by generally reputable outfits or traders themselves, so data was pretty reliable. Today, almost anybody can write a simple indicator, and the programming languages used to write them are complex enough for some coders lacking the caution, know-how or ethics of the best professional coders, to get in over their heads and produce code that does not work the way they think it does.
Briefly: yes, it repaints and no it does not matter.
Simple because we are working with highs and lows on a higher timeframe. So if we get a new high or low within a certain time frame, we want this new high or low to be displayed and, for me, it's not relevant if this information appears when it happens or when the candle closes.
Questions & Suggestions
Questions, suggestions or even a word of thanks are always welcomed in the comments section. I usually answer within the same day.
█ THANKS
A word of thanks to, and I hope I am allowed to use hyperlinks here, LonesomeTheBlue for being an inspiration on coding style and his work on arrays in Pine Script and to lmatl for his support, words of advice and letting me borrow his brain now and then.
PRIME-QUARTERS W-XsThis script applies both the Quaters theory for easy analysis of market structure, as well as a 50 and 800 SMA to be used in conjunction with the 4 and 21 SMA found in Prime-Pulse, to pin point sniper entries. $auceCamp
Stochastic with Lines - ChartWhat is Stochastic with Lines - Chart and why do you need it?
I use it for chart analysis to identify key K/D levels from which bullish / bearish market structure continues to develop.
Chart means that every K/D cross above/below the signal lines will be notified on your Chart and not on the stocahstic oscillator. To see them on your chart please choose "Stochastic with Lines - Default" in my library.
Once K or the D line cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
Stochastic with Lines - DefaultWhat is Stochastic with Lines - Default and why do you need it?
I use it for chart analysis to identify key K/D levels from which bullish / bearish market structure continues to develop.
Default means that every K/D cross above/below the signal lines will be notified on your Stochastic Indicator and not on your chart. To see them on your chart please choose "Stochastic with Lines - Chart" in my library.
Once K or the D line cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
MACD with Lines - ChartWhat is MACD with Lines - Chart and why do you need it?
I use it for chart analysis to identify key macd /signal levels from which bullish / bearish market structure continues to develop.
Chart means that every Macd /Signal cross above/below the signal lines will be notified on your Chart and not on your MACD Indicator. To see them on your chart please choose "MACD with Lines - Default" in my library.
Once Signal, Macd or the Histogramm cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
MACD with Lines - DefaultWhat is MACD with Lines - Default and why do you need it?
I use it for chart analysis to identify key macd/signal levels from which bullish/bearish market structure continues to develop.
Default means that every Macd/Signal cross above/below the signal lines will be notified on your MACD Indicator and not on your chart. To see them on your chart please choose "MACD with Lines - Chart" in my library.
Once Signal,Macd or the Histogramm cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
TM_GANN_LEVELTM_GANN_LEVEL indicator have price values those play an important role in market structure explanation. This indicator is used with Day_Price _Level indicator with common values .
These price level must be draw with common values of swing? day levels and must be used during trading decision.
Value with " * " shows important level or a price cycle between two " * " values
Price respect to these levels if used with proper logic.
All the levels are very important .
Use the Below Contacts to Access this Indicator
RSI Market StructureThis indicator draws swings on the chart based on the RSI configured within.
The swings are drawn from Overbought to Oversold or vice-versa.
Logic:
From Overbought to Oversold, a line is drawn from the highest price before oversold to the lowest price of the oversold.
The labels can be deactivated from the style menu, it was easier for me to implement this way (It's my first indicator)
Odin's Inside Bar IndicatorA simple indicator that identifies "inside bars" by painting them blue.
An inside candle is a candle that has a lower high and higher low than the previous candle.
I like to use it on the daily chart to find areas of price compression that lead to a breakout.
The price then often trends in the direction of the breakout.
Especially powerful when combined with other market structure analysis.
Cheers.
VWAP/ MVWAPPlots VWAP and MVWAP for intraday trading. Useful to avoid whipsaws
Market structure is important to take any trades
Avoid taking trades close to support and resistance
5 MAs w. alerts [LucF]Is this gazillionth MA indicator worth an addition to the already crowded field of contenders? I say yes! This one shows up to 5 MAs and 6 different marker conditions that can be used to create alerts, among many other goodies.
Features
MAs can be darkened when they are falling.
MAs from another time frame can be displayed, with the option of smoothing them.
Markers can be filtered to Longs or Shorts only.
EMAs can be selected for either all or the two shortest MAs.
The background can be colored using any of the marker states except no. 3.
Markers are:
1. On crosses between any two user-defined MAs,
2. When price is above or below an MA,
3. On Quick Flips (a specific setup involving a cross, multiple MA states and increasing volume, when available),
4. When the difference between two MAs is within a % of its high/low historic values,
5. When an MA has been rising/falling for n bars,
6. When the difference between two MAs is greater than a multiple of ATR.
Some markers use similar visual cues, so distinguishing them will be a challenge if they are used concurrently.
Alerts
Alerts can be created on any combination of alerts. Only non-consecutive instances of markers 5 and 6 will trigger the alert condition. Make sure you are on the interval you want the alert to run at. Using the “Once Per Bar Close” trigger condition is usually the best option.
When an alert is created in TradingView, a snapshot of the indicator’s settings is saved with the alert, which then takes on a life of its own. That is why even though there is only one alert to choose from when you bring up the alert creation dialog box and choose “5 MAs”, that alert can be triggered from any number of conditions. You select those conditions by activating the markers you want the alert to trigger on before creating the alert. If you have selected multiple conditions, then it can be a good idea to record a reminder in the alert’s message field. When the alert triggers, you will need the indicator on the chart to figure out which one of your conditions triggered the alert, as there is currently no way to dynamically change the alert’s message field from within the script.
Background settings will not trigger alerts; only marker configurations.
Notes
MAs are just… averages. Trader lure would have them act as support and resistance levels. I’m not sure about that, and not the only one thinking along these lines. Adam Grimes has studied moving averages in quite a bit of detail. His numbers point to no evidence indicating they act as support/resistance, and to specific MA lengths not being more meaningful than others. His point of view is debated by some—not by me. Mean reversion does not entail that price stops when it reaches its MA; rather, it makes sense to me that price would often more or less oscillate around its MA, which entails the MA does not act as support/resistance. Aren’t the best mean reversion opportunities when price is furthest away from its MA? If so, it should be more profitable to identify these areas, which some of this indicator’s markers try to do.
I think MAs can be much more powerful when thought of as instruments we can use to situate price events in contexts of various resolutions, from the instantaneous to the big picture. Accordingly, I use the relative positions and slopes of MAs in both discretionary and automated trading; but never their purported ability to support/resist.
Regardless of how you use MAs, I hope you will find this indicator useful.
Biased References
The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies, Adam Grimes, 2012.
Does the 200 day moving average “work”?
Moving averages: digging deeper
Advanced MACDThis is a more advanced version of the standard moving average convergence/divergence indicator (MACD). It allows you to change the type of all moving averages (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI). By for example setting the period to 3/10/16 and use simple moving averages instead of exponential moving averages you can turn it into the modified version of the MACD oscillator (mMACD) described in detail in Appendix B in the book "The Art and Science of Technical Analysis: Market Structure, Price Action and Trading Strategies" by Adam Grimes.
The indicator also allows you to volume weight the indicator (turned on by default), which will turn it into a Volume-Weighted Moving Average Convergence Divergence (VW-MACD) first used by Buff Pelz Dormeier in 2002 and described in detail in his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends". If you want to weight the oscillator against the true range instead of volume this is also possible. By default, this will be done automatically for assets that do not support volume.
Modified MACDThis is a modified version of the MACD (Moving Average Convergence/Divergence) oscillator. Instead of using exponential moving averages this modified version make use of simple moving averages. The default periods for this modified version of MACD is 3/10/16. This modified version of the MACD oscillator is described in detailed in Appendix B in the book The Art and Science of Technical Analysis: Market Structure, Price Action and Trading Strategies by Adam Grimes.
