Price Action Toolkit | Flux Charts

2024년 1월 2일

💎 GENERAL OVERVIEW
Introducing our new Price Action Toolkit [MTF] indicator! Price Action Toolkit integrates key level strategy, traditional supply-demand analysis, and market structures to help traders in their decisions. Now with features that are available to use in multiple timeframes!

Features of the new Price Action Toolkit [MTF] indicator :

1. Volumized Fair Value Gaps (FVGs)
   
2. Volumized Order & Breaker Blocks
   
3. Identification of Market Structures
   
4. Equal Highs & Lows
   
5. Buyside & Sellside Liquidity
   
6. Premium & Discount Zones
   
7. MTF Highs & Lows (Daily, Weekly, Monthly, Pre-Market)
   
8. Customizable Settings
   

📌 HOW DOES IT WORK ?
We believe that the analytical elements that are within this indicator work best when they co-exist with each other on the chart. Trading often requires taking multiple elements into consideration for better accuracy on market analysis. Thus, we combined some of the useful strategies in one indicator for ease of use.

1. Volumized Fair Value Gaps
Fair value gaps often occur when there is an imbalance in the market, and can be spotted with a specific formation on the chart.



The volume when the FVG occurs plays an important role when determining the strength of it, so we've placed two bars on the FVG zone, indicating the high & low volumes of the FVG. The high volume is the total volume of the last two bars on a bullish FVG, while the low volume is [total volume] - [high volume] of the FVG. For a bearish FVG, the total volume of the last two bars is the low volume. The indicator can also detect FVGs that exist in other timeframes than the current chart.

2. Volumized Order Blocks
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.



The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.

3. Volumized Breaker Blocks
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.



The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.

4. Market Structures
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.





5. Equal Highs & Lows
Equal Highs & Lows occur when there is a significant amount of difference between a candle's close price and it's high / low value, and it happens again in a specific range. EQH and EQL usually mean there is a resistance that blocks the price from going further up / down.



6. Buyside & Sellside Liquidity
Buyside & Sellside Liquidity zones are where most traders place their take-profits and stop-losses in their long / short positions. They are spotted by using high & low pivot points on the chart.



7. Premium & Discount Zones
The premium zone is a zone that is over the fair value of the asset's price, and the discount zone is the opposite. They are formed by the latest high & low pivot points.



8. MTF Highs / Lows
MTF Highs / Lows are actually pretty self-explanatory, you can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows.



🚩UNIQUENESS
Our new indicator offers a comprehensive toolkit for traders, combining multiple analytical elements with customizable settings to aid in decision-making across different market conditions and timeframes. The volumetric information of both FVGs and Order & Breaker Blocks will be present in your chart to serve you greater detail about them. The indicator also efficiently identifies market structures, liquidity zones and premium & discount zones to give you an insight about the current state of the market. And finally with the use of multiple timeframes, you can easily take a look at the bigger picture. We recommend reading the "How Does It Work" section of the descripton to get a better understanding about how this indicator is unique to others.

⚙️SETTINGS

1. General Configuration
Show Historic Zones -> This will show historic Fair Value Gaps, Order & Breaker Blocks and Sellside & Buyside liquidities which are expired.

2. Fair Value Gaps
Enabled -> Enables / Disables Fair Value Gaps

Volumetric Info -> The volumetric information of the FVG Zones will be rendered if activated.





Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.





Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.

FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.



Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.

3. Order Blocks

Enabled -> Enables / Disables Order Blocks



Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.

Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.

Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.

4. Breaker Blocks
Enabled -> Enables / Disables Breaker Blocks



Volumetric Info -> The volumetric information of the Breaker Blocks will be rendered if activated.

Zone Invalidation -> Select between Wick & Close price for Breaker Block Invalidation.

5. Timeframes
You can set and enable / disable up to 3 timeframes. Note that only higher timeframes than the current chart will work.

6. Market Structures


Break Of Structure (BOS) -> If the current structure of the market is broken in a bullish or bearish direction, it will be displayed.

Change Of Character (CHoCH) -> If the market shifts into another direction, it will be displayed.

Change Of Character+ (CHoCH+) -> This will display stronger Change Of Characters if enabled.

7. Equal Highs & Lows


EQH -> Enables / Disables Equal Highs.
EQL -> Enables / Disables Equal Lows.

ATR Multiplier (0.1 - 1.0) -> Determines the maximum difference between highs / lows to be considered as equal. Lower values will result in more accurate results.

8. Buyside & Sellside Liquidity


Zone Width -> Determines the width of the liquidity zones, 1 = 0.025%, 2 = 0.05%, 3 = 0.1%.

9. Premium & Discount Zones


Enabled -> Enables / Disables Premium & Discount Zones.

10. MTF Highs / Lows

You can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows using this setting. You can also switch their line shapes between solid, dashed and dotted.

2024년 1월 3일

릴리즈 노트

• Added "Volume Imbalances" feature.
  

The indicator can now detect volume imbalances on the chart. Volume imbalances are typically detected by looking at the gaps between close & open values of bars in series.

Settings
Enabled -> Enables / Disables the Volume Imbalances feature.

Gap Size -> The occured gap's size of the volume imbalance to be detected. Low = 0.1%, Normal = 0.25%, High = 0.5%. Higher settings will result in less volume imbalances detected.

Disable Overnight Gaps -> If enabled, gaps that occur between market close & market open will not be evaluated.

2024년 1월 10일

릴리즈 노트

• Added a style setting to change the default text color
  
• Improved detection of EQL & EQH lines by making sure the first low is always lower than the second low, and the first high is always higher than the second high
  

2024년 1월 10일

릴리즈 노트

• Fixed a bug with EQL & EQH
  

2024년 1월 13일

릴리즈 노트

• Fixed a bug that sometimes caused flickering of rendered zones
  

2024년 1월 16일

릴리즈 노트

Added alerts for:

• Fair Value Gaps
  
• Order Blocks
  
• Breaker Blocks
  
• BOS
  
• CHoCH
  
• CHoCH+
  

2024년 1월 18일

릴리즈 노트

• Added a "Zone Count" setting to the Order & Breaker Blocks feature, so you can adjust how many of them you want to see in your chart.
  

2024년 1월 19일

릴리즈 노트

• Fixed an error that sometimes occur when using multiple timeframes.
  

2024년 2월 15일

릴리즈 노트

• Added alert functionality for "EQH" and "EQL" structures.
  

2024년 2월 28일

릴리즈 노트

• Fixed a rare bug happening with bigger candles.
  

2024년 3월 2일

릴리즈 노트

• Improved General Reliability
  
• Added a new setting "Allow Gaps Between Bars". On tickers that can have a different opening price than the previous bar's closing price, the indicator will not analyze those bars for FVGs if disabled. For Example, if the today's opening price is different from the yesterday's closing price in a stock ticker.
  

2024년 3월 15일

릴리즈 노트

• Added CHoCH / CHoCH+ Bar Coloring Feature
  
• Added Inversion Fair Value Gaps
  
• Added Liquidity Grabs
  
• Improved Liquidity Zones visibility.
  
• Added alert functionality for new features.
  
• Improved overall optimization.
  

2024년 3월 25일

릴리즈 노트

• Added rendering option to hide further zones
  

2024년 4월 17일

릴리즈 노트

• Enabling IFVGs no longer requires FVGs to be enabled
  
• Improved FVG Detection method
  

2024년 4월 21일

릴리즈 노트

• Changed the default setting of "Max Distance Of Last Bar" to "Normal" from "High" to reduce memory errors
  

2024년 7월 7일

릴리즈 노트

• Added Bullish & Bearish Volume Imbalance Alerts
  

2024년 7월 30일

릴리즈 노트

• Added New Volume Imbalance Sensitivity Settings
  
• Session Highlighting Mode (New York, London, Frankfurt, Asia)
  
• Various Fixes
  

2024년 7월 31일

릴리즈 노트

• Updated session name formatting.
  

2024년 8월 5일

릴리즈 노트

• Updated order & breaker block detection consistency across indicators.
  

2024년 8월 12일

릴리즈 노트

• Improved Premium & Discount Zone Detection
  
• Fixes to some alert re-trigger issues
  

2024년 9월 5일

릴리즈 노트

1. Improved visuals on tickers without volume information.
   
2. Improved reliability for alerts.
   

2024년 9월 24일

릴리즈 노트

• Added AM, Lunch & PM Sessions
  
• Improved Session Visuals
  

2024년 10월 2일

릴리즈 노트

• Fixed a rare error that FVG misrenderings
  
• Revised FVG "Allow Gaps Between Bars" option to not allow any gaps when disabled
  
• Fixed a problem where Past Day / Week / Month Lows & Highs were sometimes misaligned
  
• Various Optimizations
  

2024년 10월 7일

릴리즈 노트

Various Optimizations & Fixes

2024년 10월 21일

릴리즈 노트

• Shorter labels setting for Past Day / Week / Month Highs & Lows
  
• Past Day / Week / Month Open Levels
  

2024년 10월 30일

릴리즈 노트

• Various fixes for Previous Day / Week / Month Levels
  

2024년 11월 20일

릴리즈 노트

• You can now enable / disable combination of zones for FVGs & Order Blocks.
  

2024년 12월 5일

릴리즈 노트

• Fixed various MTF issues
  

2024년 12월 18일

릴리즈 노트

Fixed an issue with combined Breaker Blocks sometimes not invalidating properly.

2024년 12월 29일

릴리즈 노트

• Non-Invalidated zones now extend 10 candlesticks further from the latest candlestick for visual clarity
  
• Fair Value Gaps now start from first bar of their formation instead of the last bar
  
• Order Block & Fair Value Gap Invalidations now default to "Close" instead of "Wick"
  
• Aligned Session Names in settings
  

2024년 12월 29일

릴리즈 노트

• Non-Invalidated zones now extend 10 candlesticks further from the latest candlestick for visual clarity
  
• Fair Value Gaps now start from first bar of their formation instead of the last bar
  
• Order Block & Fair Value Gap Invalidations now default to "Close" instead of "Wick"
  
• Aligned Session Names in settings
  

1월 21일

릴리즈 노트

• Converted Script to PineScript v6
  
• Various Optimizations & Fixes
  

1월 30일

릴리즈 노트

• Solved pre-market levels disappearing after a while.
  
• Consecutive sessions now align properly.
  
• Various optimizations.
  

2월 12일

릴리즈 노트

• Show Historic Zones setting is now disabled by default
  
• Improved combination of overlapping zones feature
  
• Fixed a problem that caused market structres to appear across gaps in the chart
  

2월 26일

릴리즈 노트

• Fixed a bug where the liquidity zone width setting didn't apply correctly.
  
• Various Optimizations
  

3월 24일

릴리즈 노트

The Price Action Toolkit had a massive rework! All features are now optimized for faster loading & runtime speeds. You can find the full patch notes below:

• Removed Max Distance To Last Bar setting. The script now always runs on the maximum bars possible.
  

Fair Value Gaps:

• Fair Value Gap detection method was improved for efficiency
  
• REMOVED: Zone Filtering setting
  
• REMOVED: Volume Threshold % setting
  
• NEW: "All" Detection Method. This detects both same & mixed FVGs.
  
• UPDATED: The sensitivity setting is now an integer value between 0-25, 0 Detects all FVGs while higher values filter out smaller gaps.
  
• NEW: Midline setting
  

Inversion Fair Value Gaps:

• NEW: Midline setting
  

Order Blocks:

• Order Block detection was changed for efficiency and faster detection
  
• UPDATED: Swing Length setting is now "Sensitivity". Lower sensitivity will detect more order blocks.
  

Breaker Blocks:

• NEW: Midline setting
  

Volume Imbalances:

• UPDATED: The sensitivity setting is now an integer value between 0-10. 0 Detects all VIs while higher values filter out smaller imbalances.
  
• NEW: Midline setting
  
• NEW: You can now change Volume Imbalance colors
  

MTF Highs / Lows:

• NEW: Shorter Lines setting.
  

Sessions:
NEW: Session boxes now extend until their corresponding end time immediately
Style:
NEW: Text Size setting

3월 25일

릴리즈 노트

Added label settings for:

• Fair Value Gaps
  
• Order Blocks
  
• Sellside / Buyside Liquidity
  
• Volume Imbalances
  

Note that enabling the setting for Order Blocks & FVGs will enable them for Breaker Blocks & IFVGs as well.

3월 27일

릴리즈 노트

Renamed to Flux Charts® - Price Action Toolkit

4월 2일

릴리즈 노트

• Improved general FVG Detection conditions.
  

4월 7일

릴리즈 노트

• The default FVG Sensitivity is set to 2 instead of 0
  
• When FVG Sensitivity is set to 0 now, all FVGs will be detected, regardless of their size
  

4월 15일

릴리즈 노트

• Added Midline setting for Order Blocks
  
• Fixed an issue where pre-market levels were not rendering correctly.
  
• Renamed Shorter Lines & Shorter Labels setting on for the MTF Highs / Lows settings
  

4월 20일

릴리즈 노트

• The Premium & Discount zones were updated to have better visual clarity, and the their labels can now be toggled on / off.
  
• Various changes & fixes for dependent scripts.
  

4월 27일

릴리즈 노트

• Bullish & Bearish Order Blocks can no longer overlap with each other.
  
• Order Blocks will not be detected if they are too close to each other.
  
• Fixed an issue where "Same" & "Mixed" settings did not work properly for FVG detection.
  
• IFVG & Breaker Block detection is improved.
  
• Fixed an issue where Bullish BOS could be lower than the previous Bullish BOS & Bearish BOS could be higher than the previous Bearish BOS.
  

4월 29일

릴리즈 노트

• Fixed an issue with the new Order Block detection logic that could cause excess removal of some Order Blocks.
  

5월 1일

릴리즈 노트

• New "Trendlines" Feature! Effortlessly identify the prevailing direction of price action with the new Trendlines feature. Enable it to have significant support and resistance lines automatically drawn on your chart. These lines dynamically adjust as new price data comes in, offering a clear visual representation of the current trend. Watch for price interactions with these lines, as breakouts or bounces can provide potential trading signals. You can enable / disable alerts for detection of bullish & bearish trendlines.
  

5월 19일

릴리즈 노트

• Trendlines are now enabled by default.
  
• Improvements for Break of Structure (BOS) and Change of Character (CHoCH) detection.
  
• Zones that are too far away from the current price will be now hidden for a clearer view.
  
• Order Block detection was improved and the combine zones setting was removed.
  

5월 23일

릴리즈 노트

• NEW! Visible Extended Zones setting. You can now set the amount of bullish & bearish zones that will be extended. This applies for Order Blocks, Breaker Blocks, FVGs, IFVGs & Trendlines.
  
• Removed the logic to hide zones that are far away from the current price.
  

6월 18일

릴리즈 노트

• Resolved an issue where certain order blocks were being detected too close together.
  

7월 14일

릴리즈 노트

• Added retest alerts for bullish and bearish Order Blocks