Macro Times [Blu_Ju]About ICT Macro Times:
The Inner Circle Trader (ICT) has taught that there are certain time sessions when the Interbank Price Delivery Algorithm (IPDA) is running a macro. The macro itself could be a repricing macro, a consolidation macro, etc. - this depends on where price currently is in relation to its draw. The times the macro is active do not change however, and are always the following (in New York local time):
8:50-9:10 (premarket macro)
9:50-10:10 (AM macro 1)
10:50-11:10 (AM macro 2)
11:50-12:10 (lunch macro)
13:10-13:40 (PM macro)
15:15-15:45 (final hour macro)
Because these times are fixed, traders can anticipate a setup is likely to form in or around these sessions. Setups may involve sweeps of liquidity (highs/lows), repricing to inefficiencies (e.g., fair value gaps), breaker setups, etc. (The specific setup involved is beyond the scope of this script; this script is concerned with visually marking the time sessions only.)
About this Script:
The scope of this script is to visually identify the macro active time sessions. This script draws vertical lines to mark the start and end of the macro time sessions. Optionally, the user can use a background color for the macro session with or without the vertical lines. The user can also toggle on or off any of the macro sessions, if he or she is only interested in certain ones. The user also has the freedom to change the times of the macro sessions if he or she is interested in a different time.
What makes this script unique is that it plots the macro time sessions after midnight for each day, before the real-time bar reaches the macro times. This is advantageous to the trader, as it gives the trader a visual cue that the macro times are approaching. When watching price it is easy to lose track of time, and the purpose of this script is to help the trader maintain where price is in relation to the macro time sessions in a simple, visual way.
스크립트에서 "Inner circle trader "에 대해 찾기
OrderBlock Trend (CISD)OrderBlock Trend (CISD) Indicator
Overview:
The "OrderBlock Trend (CISD)" AKA: change in state of delivery by ICT inner circle trader this indicator is designed to help traders identify and visualize market trends based on higher timeframe candle behavior. This script leverages the concept of order blocks, which are price levels where significant buying or selling activity has occurred, to signal potential trend reversals or continuations. By analyzing bullish and bearish order blocks on a higher timeframe, the indicator provides visual cues and statistical insights into the market's current trend dynamics.
Key Features:
Higher Timeframe Analysis: The indicator uses a higher timeframe (e.g., Daily) to assess the trend direction based on the open and close prices of candles. This approach helps in identifying more significant and reliable trend changes, filtering out noise from lower timeframes.
Bullish and Bearish Order Blocks: The script detects the first bullish or bearish candle on the selected higher timeframe and uses these candles as reference points (order blocks) to determine the trend direction. A bullish trend is indicated when the current price is above the last bearish order block's open price, and a bearish trend is indicated when the price is below the last bullish order block's open price.
Visual Trend Indication: The indicator visually represents the trend using background colors and plot shapes:
A green background and a square shape above the bars indicate a bullish trend.
A red background and a square shape above the bars indicate a bearish trend.
Candle Count and Statistics: The script keeps track of the number of up and down candles during bullish and bearish trends, providing percentages of up and down candles in each trend. This data is displayed in a table, giving traders a quick overview of market sentiment during each trend phase.
User Customization: The higher timeframe can be adjusted according to the trader's preference, allowing flexibility in trend analysis based on different time horizons.
Concepts and Calculations:
The "OrderBlock Trend (CISD)" indicator is based on the concept of order blocks, a key area where institutional traders are believed to place large orders, creating significant support or resistance levels. By identifying these blocks on a higher timeframe, the indicator aims to highlight potential trend reversals or continuations. The use of higher timeframe data helps filter out minor fluctuations and focus on more meaningful price movements.
The candle count and percentage calculations provide additional context, allowing traders to understand the proportion of bullish or bearish candles within each trend. This information can be useful for assessing the strength and consistency of a trend.
How to Use:
Select the Higher Timeframe: Choose the higher timeframe (e.g., Daily) that best suits your trading strategy. The default setting is "D" (Daily), but it can be adjusted to other timeframes as needed.
Interpret the Trend Signals:
A green background indicates a bullish trend, while a red background indicates a bearish trend. The corresponding square shapes above the bars reinforce these signals.
Use the information on the proportion of up and down candles during each trend to gauge the trend's strength and consistency.
Trading Decisions: The indicator can be used in conjunction with other technical analysis tools and indicators to make informed trading decisions. It is particularly useful for identifying trend reversals and potential entry or exit points based on the behavior of higher timeframe order blocks.
Customization and Optimization: Experiment with different higher timeframes and settings to optimize the indicator for your specific trading style and preferences.
Conclusion:
The "OrderBlock Trend (CISD)" indicator offers a comprehensive approach to trend analysis, combining the power of higher timeframe order blocks with clear visual cues and statistical insights. By understanding the underlying concepts and utilizing the provided features, traders can enhance their trend detection and decision-making processes in the markets.
Disclaimer:
This indicator is intended for educational purposes and should be used in conjunction with other analysis methods. Always perform your own research and risk management before making trading decisions.
Some known bugs when you switch to lower timeframe while using daily timeframe data it didn't use the daily candle close to establish the trend change but your current time frame If some of you know how to fix it that would be great if you help me to I would try my best to fix this in the future :) credit to ChatGPT 4o
ICT Opening Range GapOpening Range Gap
The Opening Range Gap, also known as the Regular Trading Hours (RTH) Gap, is the distance between the first opening tick of a session and the previous session's close, when looking at a chart's Regular Trading Hours (not to be confused with Electronic Trading Hours). This gap is an important element for Futures Market traders that follow the works of The Inner Circle Trader (ICT). To be more specific, the Opening Range Gap occurs between 4:15pm and 9:30am of the next day.
The Opening Range Gap can be viewed easily when switching the session type to "Regular trading hours".
The image above shows an example of an RTH Gap for Wednesday, June 12, 2024 in CME_MINI:ES1!
How To Use Opening Range Gap
The Opening Range Gap can be used like any other form of a gap by extending it into future price action and looking for it to be filled on the same day or the upcoming days.
Looking for 50% of the gap to be filled as an initial target is one of the methodologies taught by ICT. Additionally, the high and low of the gap (as well as the midpoint) can be used as points of dynamic support & resistance, even if the gap is already filled. Therefore, these gaps do not "expire", and they can be used as key price levels extended through to the end of the week.
Disclaimer
This indicator is mainly intended to work for Futures markets, and specifically the following Index Futures markets: E-mini S&P 500 Futures, E-mini NASDAQ-100 Futures, E-mini DOW Futures.
Given that, the indicator still supports various other markets/assets out-of-the-box, such as other types of Futures Markets, Stocks, Options, and more. The main difference will be that other markets may have RTH Gaps forming at different times, rather than the 4:15pm-9:30am gap that occurs in the Index Futures (Regular trading hours).
Indicator Purpose
While RTH Gaps can be labeled by hand, this indicator allows you to quickly plot multiple RTH Gaps and get a quick glimpse at potential gaps that you may have missed, which could end up being useful in your analysis.
This indicator is 100% custom-built, not using code from any other existing indicators that may plot Opening Range Gaps. The main purpose of this indicator was to overcome many shortcomings from other existing indicators, most notably the problem of displaying RTH Gaps while using ETH as the chart session.
Therefore, this indicator has many UNIQUE features, such as:
Ability to maintain accuracy of the closing/opening prices even when changing chart settings (e.g., toggling ETH/RTH sessions, toggling BACK-ADJUSTMENT on futures contracts, toggling SETTLEMENT prices, etc.).
Draw up to 25 previous Opening Range Gaps, even on ultra-low timeframes like the 1-minute or 1-second chart.
Automatically or manually choose which Opening Range Gaps to hide/show on the chart.
Highly customizable, including a different color scheme to easily distinguish between the Current and Previous RTH Gaps.
Modified price values to correctly display prices that use a format like 109'32 (e.g., Bond Futures or Wheat Futures).
Helpful tooltips to provide more detailed information about the RTH Gaps or about the current Input Settings.
Error Messages
There are some conditions which can cause the script to fail and display an error message (by clicking the red exclamation mark next to the indicator.)
Error messages:
Use a Standard Chart Type : this will occur when using a non-standard chart such as Heikin Ashi, Renko, Point & Figure, etc.
Use a Daily or Lower Timeframe : this error will appear when using a higher timeframe chart like weekly or monthly, because it can clutter the chart since RTH Gaps can form every day.
RTH Gap was not detected : this means that no RTH gap was found, which will occur on markets that don't have the option to toggle between ETH and RTH sessions (e.g., Forex or Crypto).
Exceeded the maximum lookback for Bar Replay mode : when using bar replay mode; this can depend on the amount of historical bars available in different account subscription types.
Unable to Activate Bar Replay mode : if the indicator could not be used in Bar Replay mode.
Restart Bar Replay : if the indicator works in Bar Replay but it detected an error that would cause RTH Gaps to be plotted incorrectly.
This is an example of what a script error would look like.
Indicator Settings
Most settings are self-explanatory or have a tooltip with information on what the setting does, but this section will only briefly cover the available settings.
Extend to End of Day : This setting is enabled by default. It will extend each RTH Gap only up to the end of its day (specifically, to the RTH close of the day). The option can be toggled OFF to automatically extend all RTH Gaps to the right-most candle on the chart.
Previous RTH Gaps : Between 1 and 25 previous RTH Gaps can be displayed. The checkbox can be toggled to quickly hide all previous RTH Gaps (but the same effect would be reached by setting the value to 0).
Hide Current RTH Gap : The Current RTH Gap (most recent one), can be optionally hidden from being plotted.
Beginning Anchor Point : Choose the beginning anchor point for all RTH Gaps. The default is "RTH Close", which means that each gap will be drawn on the chart starting from their previous session's RTH close @ 4:15pm. But it will be a more transparent version of the actual gap; this ghost-like image will extend from 4:15pm all the way up to 9:30am where the gap will then be drawn normally from 9:30am onwards. The other option for this setting is "RTH Open" which means that the gap will be drawn starting from the actual 9:30am opening.
Current RTH Gap Style
These settings are used to customize the visual style of the most recent RTH Gap (also known as the "Current" RTH Gap). Note: the exact same set of settings are available for the Previous RTH Gaps. The text label next to each gap can be optionally hidden to clean the chart a little.
Price Table
These are settings to customize the appearance of the Price Table on the right, including the ability to hide it completely. Note: to actually use the color configurations, you must select "Custom Style" in one of the dropdowns, otherwise it will use "Default Style" which means that the Price Table is automatically styled based on the colors chosen in the Current RTH Gap Style and Previous RTH Gap Style settings.
Overlap Handling
One of 7 available overlap handling options can be used to filter which RTH Gaps are plotted on the chart. By default, the "None" option will be selected, meaning that all valid RTH Gaps are plotted on the chart.
Formatting
Date Format : select the format of the date that is shown next to each RTH Gaps.
Timezone : choose the timezone for the RTH Gap closing/opening date-times that are displayed (only in tooltips when you hover over an RTH Gap label).
RTH Gap Label : choose the details to display next to each gap (e.g., date, or gap number, or both).
Price Format : only two options: Auto/Decimal. "Auto" uses custom processing to allow displaying values such as 109'32 for Bond futures.
Tooltips
The indicator provides additional details about an RTH Gap when you hover over a row in the Price Table.
Note: the same information can be found by hovering over the Text Label that is to the right of each RTH Gap (even when the Text Label is disabled via the Settings).
Overlap Handling
The tooltip next to "Select a Strategy" in the options will provide details on each overlap handling strategy. Additionally, when a strategy is selected, a new row in the Price Table will appear; hovering over that will show details about the currently selected strategy, as well as any suggestions in case the inputs were invalid. When a strategy hides an RTH Gap, the number in the Price Table will be replaced with an "Eye" icon, indicating that it is not currently plotted on the chart.
Available strategies are:
Option 1 (Gradients) : select the percentage opacity to shade RTH Gaps in. The more recent RTH Gaps will be closer to the maximum opacity defined, while the older RTH Gaps will appear more transparent, closer to the minimum opacity defined. Note: only affects previous RTH Gaps, not the current RTH Gap.
Option 2 (Day Extension) : select the number of days to extend each RTH Gap up to. Note: this will override the "Extend to End of Day" setting, regardless whether it is toggled ON or OFF.
Option 3 (Nested Gaps) : hides nested gaps, i.e., RTH Gaps that are enclosed within another RTH Gap. Note: this option is only available when the "Extend to End of Day" setting is disabled .
Option 4 (Intersecting Gaps) : hides intersecting/overlapping gaps, i.e., RTH Gaps that overlap one another (this may also include, but is not limited to, nested gaps). The drop-down next to this option allows choosing the priority of which RTH Gaps to hide first. Note: this option is only available when the "Extend to End of Day" setting is disabled .
Option 5 (Gap Width) : the chart will only show RTH Gaps that have a width/size between the defined parameters.
Option 6 (Close Proximity) : the chart will only show the RTH Gaps that are within a certain range from the market price. This can be useful when plotting multiple RTH Gaps while using auto-scaling on the chart. By only showing nearby RTH Gaps, it will prevent the auto-scaling from having to compress the candles to fit the far-away RTH Gaps onto the screen.
Option 7 (CSV) : this option is used if none of the others suit you well; it allows specifically choosing which RTH Gaps to hide or show on the chart.
This is an example that chooses the Overlap Handling Strategy Option 6. Note that in this example, the tooltip in the price table shows a warning that the Input Number should be increased to plot some RTH Gaps on the chart.
Tips
Chart settings can be toggled to "Scale price chart only" to prevent the auto-scaling of TradingView from compressing the chart if there are RTH Gaps that are far away from the current market action.
If you change a lot of indicator settings such as RTH Gap color schemes, you can save the settings as the Default to prevent your settings from resetting the next time you use the indicator.
ICT New Day Opening GapNew Day Opening Gap
The New Day Opening Gap (NDOG) is defined by The Inner Circle Trader (ICT) as the separation in time/price that is caused by the 1-hour break that occurs each day in the futures market. The opening price of the gap is the very first tick that occurs at the 6:00pm restart; then we look at the 5:00pm closing price of the previous session. This New Day Opening Gap forms every day from Monday to Friday, but it does not include the gap between Friday's close and Sunday's open (because that is instead referred to as a New Week Opening Gap).
This is an example of a New Day Opening Gap (NDOG) for Wednesday, May 22, 2024 in CME_MINI:ES1!
How To Use NDOG
When an NDOG forms, it can be extended into future price action. One way to use these gaps is to look for it to be filled in by price action. Another usage for these gaps is to look for support & resistance to come in at the high and low of these NDOGs (as well as the midpoint).
Disclaimer
This indicator is mainly intended to work for Futures markets, and specifically the following Index Futures markets: E-mini S&P 500 Futures, E-mini NASDAQ-100 Futures, E-mini DOW Futures.
Given that, the indicator still supports various other markets/assets out-of-the-box, such as other types of Futures Markets, Forex markets, Stocks, Options, and more. The main difference will be that other markets may have NDOGs forming at different times, rather than the 5pm-6pm gap that occurs in the Index Futures.
Indicator Features
This indicator is 100% custom-built, not using code from any other existing NDOG plotting indicators. The purpose of this indicator was to overcome many shortcomings from other existing indicators. Therefore, this indicator has many UNIQUE features, such as:
Ability to maintain accuracy of the closing/opening prices even when changing chart settings (e.g., toggling ETH/RTH sessions, toggling BACK-ADJUSTMENT on futures contracts, toggling SETTLEMENT prices, etc.).
Draw up to 25 previous NDOGs, even on ultra-low timeframes like the 1-minute or 1-second chart.
Automatically or manually choose which NDOGs to hide/show on the chart.
Highly customizable, including a different color scheme to easily distinguish between the Current and Previous NDOGs.
Modified price values to correctly display prices that use a format like 109'32 (e.g., Bond Futures or Wheat Futures).
Helpful tooltips to provide more detailed information about the NDOGs or about the current Input Settings.
Error Messages
There are some conditions which can cause the script to fail and display an error message (by clicking the red exclamation mark next to the indicator.)
Error messages:
Use a Standard Chart Type : this will occur when using a non-standard chart such as Heikin Ashi, Renko, Point & Figure, etc.
Use a Daily or Lower Timeframe : this error will appear when using a higher timeframe chart like weekly or monthly, because it can clutter the chart since NDOGs can form every day.
NDOG was not detected : this means that no NDOG was found, for example if the chart did not have enough bars/candles (e.g., some Options markets).
Exceeded the maximum lookback for Bar Replay mode : when using bar replay mode; this can depend on the amount of historical bars available in different account subscription types.
Unable to Activate Bar Replay mode : if the indicator could not be used in Bar Replay mode.
Restart Bar Replay : if the indicator works in Bar Replay but it detected an error that would cause NDOGs to be plotted incorrectly.
NDOG was not detected. Toggle "Error Handling" Option at your own discretion : this is more of a warning message that will appear when the indicator does not detect any actual gap between the days (e.g., Forex markets where it is continuously traded through each day, without any gap forming in between). But the warning can be dismissed by toggling the checkbox at the bottom of the Indicator's Input Settings.
This is an example of what a script error would look like.
Indicator Settings
Most settings are self-explanatory or have a tooltip with information on what the setting does, so this section will only briefly cover the available settings.
The "Extend to End of Week" option is enabled by default, which will extend each NDOG only up to the end of the week that it belongs to. This option can be toggled OFF to automatically extend all NDOGs to the right-most candle on the chart.
Previous NDOGs: Between 1 and 25 previous NDOGs can be displayed. The checkbox can be toggled to quickly hide all previous NDOGs (but the same effect would be reached by setting the value to 0).
Hide Current NDOG: the current NDOG (colored in Green in the example above), can be optionally hidden from being plotted.
These settings are used to customize the visual style of the most recent NDOG (also known as the "Current" NDOG). Note: the exact same set of settings are available for the Previous NDOGs. The text next to each NDOG can be optionally hidden to clean the chart a little.
These are settings to customize the appearance of the Price Table on the right, including the ability to hide it completely.
One of 7 available overlap handling options can be used to filter which NDOGs are plotted on the chart. By default, the "None" option will be selected, meaning that all valid NDOGs are plotted on the chart.
Date Format : select the format of the date that is shown next to each NDOG.
Timezone : choose the timezone for the NDOG closing/opening date-times that are displayed (only in tooltips when you hover over an NDOG label).
NDOG Label : choose the details to display next to each NDOG (e.g., date, or NDOG number, or both).
Price Format : only two options: Auto/Decimal. "Auto" uses custom processing to allow displaying values such as 109'32 for Bond futures.
This option can be toggled to allow displaying NDOGs for markets that may not have an actual gap between days, such as Forex markets, or BTC/USD (which is traded 24/7). Note: this option must be used at your own discretion because the opening/closing times for the NDOGs are not guaranteed to be accurate.
Tooltips
The indicator provides additional details about an NDOG when you hover over a row in the Price Table.
Note: the same information can be found by hovering over the Text Label that is to the right of each NDOG.
Overlap Handling
The tooltip next to "Select a Strategy" in the options will provide details on each overlap handling strategy. Additionally, when a strategy is selected, a new row in the Price Table will appear; hovering over that will show details about the currently selected strategy, as well as any suggestions in case the inputs were invalid. When a strategy hides an NDOG, the number in the Price Table will be replaced with an "Eye" icon, indicating that it is not currently plotted on the chart.
Available strategies are:
Option 1 (Gradients) : select the percentage opacity to shade NDOGs in. The more recent NDOGs will be closer to the maximum opacity defined, while the older NDOGs will appear more transparent, closer to the minimum opacity defined. Note: only affects previous NDOGs, not the current NDOG.
Option 2 (Week Extension) : select the number of weeks to extend each NDOG up to. Note: this will override the "Extend to End of Week" setting, regardless whether it is toggled ON or OFF.
Option 3 (Nested Gaps) : hides nested gaps, i.e., NDOGs that are enclosed within another NDOG. Note: this option is only available when the "Extend to End of Week" setting is disabled .
Option 4 (Intersecting Gaps) : hides intersecting/overlapping gaps, i.e., NDOGs that overlap one another (this may also include, but is not limited to, nested gaps). The drop-down next to this option allows choosing the priority of which NDOGs to hide first. Note: this option is only available when the "Extend to End of Week" setting is disabled .
Option 5 (Gap Width) : the chart will only show NDOGs that have a width between the defined parameters. This can be useful to filter out NDOGs that are deemed "insignificant". For example, the Inner Circle Trader will generally filter out of his analysis any NDOGs that are less than a point (4 ticks) for Index futures.
Option 6 (Close Proximity) : the chart will only show the NDOGs that are within a certain range from the market price. This can be useful when plotting multiple NDOGs while using auto-scaling on the chart. By only showing nearby NDOGs, it will prevent the auto-scaling from having to compress the candles to fit the far-away NDOGs onto the screen.
Option 7 (CSV) : this option is used if none of the others suit you well; it allows specifically choosing which NDOGs to hide or show on the chart.
This is an example that chooses the Overlap Handling Strategy Option 6. Note that in this example, the tooltip in the price table shows a warning that the Input Number should be increased to plot some NDOGs on the chart.
Tips
Chart settings can be toggled to "Scale price chart only" to prevent the auto-scaling of TradingView from compressing the chart if there are NDOGs that are far away from the current market action.
If you change a lot of indicator settings such as NDOG color schemes, you can save the settings as the Default to prevent your settings from resetting the next time you use the indicator.
Hourly Opening PriceThe Inner Circle Trader has noted that the Opening Price of every Hourly candle can be used in a Power Of 3 (PO3) context.
If Bullish, buy BELOW the hourly open.
If Bearish, sell ABOVE the hourly open.
The Power of 3 ICT model also know as "AMD" is a transformative trading strategy, ingeniously designed to streamline your time analyzing charts by focusing on three pivotal phases in market behavior: accumulation, manipulation, and distribution.
The ICT Power of Three Model dissects the market maker’s algorithm for price delivery into three pivotal actions: Accumulation, Manipulation, and Distribution. Accumulation involves smart money gathering positions before a price surge, while manipulation sees the market creating deceptive movements to trigger stops. Finally, distribution occurs as smart money offloads positions, often catching less informed traders off-guard. This strategy is a critical tool for traders to understand market makers’ maneuvers and to strategically position themselves in the market.
This indicator plots a line at the opening price of each hour and extends it on the chart for the duration of the hour. Each hour starts a new line.
You also have the option of extending the midnight opening price line across the entire trading day.
Investify360 ICT IndicatorThe Investify360 ICT Indicator is designed to follow the ICT (Inner Circle Trader) strategy. It provides essential buy and sell signals based on price movements relative to a simple moving average (SMA). The indicator is built to be beginner-friendly with clear labels and color-coded signals.
Key Features
Simple Moving Average (SMA):
The script calculates a simple moving average based on a user-defined period (length), defaulting to 14 periods. This moving average helps smooth out price data and identify trends.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the current price (src, defaulting to the close price) crosses above the SMA. This event is typically interpreted as a potential upward trend.
Sell Signal: A sell signal is generated when the current price crosses below the SMA. This event is often interpreted as a potential downward trend.
These signals are visually represented on the chart with up and down labels respectively.
Labels and Colors:
Buy Signal: Displayed with an up label (BUY) in green color.
Sell Signal: Displayed with a down label (SELL) in red color.
The colors for these signals can be customized through the script inputs (buyColor and sellColor).
Beginner-Friendly Labels:
To assist beginners, the script includes a label at the start of the chart indicating the position of the moving average line (MA Line). This label is shown on the first bar to clarify the purpose of the plotted line.
Plotting the Moving Average:
The SMA is plotted on the chart with a yellow line, making it easily distinguishable. The moving average line helps traders visualize the trend direction.
ICT Setup 01 [TradingFinder] FVG + Liquidity Sweeps/Hunt Alerts🔵 Introduction
The ICT (Inner Circle Trader) style of trading involves analyzing the behavior of market participants and market makers to identify areas where fake buy and sell activities occur. This trading style helps retail traders align with market maker behavior and avoid falling into market traps.
A key aspect of the ICT strategy is focusing on liquidity hunts. This involves searching for trading opportunities in areas of the market with low liquidity or where other traders have little activity. The ICT method leverages market inefficiencies and weaknesses, allowing traders to profit from small price movements that might go unnoticed by others.
In "ICT Setup 01," our focus is on these liquidity areas and stop hunts that form in Fair Value Gaps (FVGs). Trading within FVGs, combined with confirmations from "Hunts" and "Sweeps," can enhance trader performance.
🔵 How to Use
The presence of Fair Value Gaps (FVGs) in the market indicates rapid, powerful movements likely caused by the influx of smart money. When the price returns to these levels, a market reaction is expected.
Combining this with the complex and deceptive behavior of smart money—such as "Liquidity Sweeps" and "Stop Hunts"—forms an ICT-based price action setup that we expect to perform well.
Components of "ICT Setup 01" :
● Fair Value Gap (FVG)
● Premium and Discount
● Hunts / Sweeps
Whenever the price returns to an FVG area and reacts in such a way that only the wicks of the candles remain in the area and the candle bodies are outside the FVG, the first condition for creating the setup is met.
If subsequent candles hunt the wick that has penetrated the deepest into the FVG, a buy or sell signal is issued. In the format where hunting is based on Sweeps, penetrations that extend even outside the area are considered signals, provided they do not form a body within the area.
Additionally, a refining system exists for cases where a candle body forms in the area, optimizing the proximal levels of the FVG.
Bullish Setup :
Bearish Setup :
🔵 Features and Settings of "ICT Setup 01"
You can Find out more in Setting :
● FVG Detector Multiplier Factor
● FVG Validity Period
● Level in Low-Risk Zone
● Issuing Signals Method
● Number of Signals Allowed from a Zone
● Signal after Hunts/Sweeps
● How Many Hunts/Sweeps
● Show or Hide
● Alert Sender
FVG Detector Multiplier Factor :
This feature allows you to determine the size of the moves forming the FVGs based on the ATR (Average True Range). The default value is 1 to identify the majority of setups. You can increase this value according to the symbol and market you are trading in to achieve better results.
FVG Validity Period :
This shows the validity period of an FVG based on the number of candles. By default, an FVG area is valid for up to 15 candles. However, you can increase or decrease this period.
Level in Low-Risk Zone :
This feature helps reduce your risk. The method works by identifying the entire length of the three candles forming the FVG and dividing it into two equal areas. The upper area is "Premium," and the lower area is "Discount." To reduce risk, it is better for "Demand FVG" to be in the "Discount" and "Supply FVG" in the "Premium." This feature is off by default.
Issuing Signals Method :
This feature allows you to specify whether the hunt should occur only within the FVG area or if the wicks can extend outside the area.
If set to "Hunts," only signals where the wicks are within the area are issued, and the area loses its validity if the wicks extend outside.
In "Sweeps" mode, wicks can extend outside the area as long as they do not form a body within the area.
Number of Signals Allowed from a Zone :
This feature allows you to specify how many valid signals can be issued from one area.
Signal after Hunts/Sweeps :
In markets or symbols with a tendency for frequent stop hunts, this feature allows you to specify how many hunts should occur before you receive a signal to avoid receiving potentially failed signals.
How Many Hunts/Sweeps :
Enter the number of hunts you want to set for the "Signal after Hunts/Sweeps" feature here.
Show or Hide :
The number of setups formed may be very large, and displaying all of them on the chart can be distracting and messy. By default, only the last setup is displayed, but if you want to see all setups, you can turn on the relevant options.
Alert Sender :
You cannot constantly monitor multiple charts to identify trading opportunities. Using the alert sending feature can save time and improve performance.
Alerts Name : Customize the alert name to your preference.
Message Frequency : Determines the frequency of alert messages. Options include 'All' (triggers every time the function is called), 'Once Per Bar' (triggers only on the first call within the bar), and 'Once Per Bar Close' (triggers only on the final script execution of the real-time bar upon closure). The default is 'Once per Bar.'
Show Alert Time by Time Zone : Configure the alert messages to reflect any chosen time zone. For instance, input 'UTC+1' for London time. The default is 'UTC.'
By configuring these settings, traders can effectively utilize ICT setups to improve their trading strategies and outcomes.
ICT Immediate Rebalance Toolkit [LuxAlgo]The ICT Immediate Rebalance Toolkit is a comprehensive suite of tools crafted to aid traders in pinpointing crucial trading zones and patterns within the market.
The ICT Immediate Rebalance, although frequently overlooked, emerges as one of ICT's most influential concepts, particularly when considered within a specific context. The toolkit integrates commonly used price action tools to be utilized in conjunction with the Immediate Rebalance patterns, enriching the capacity to discern context for improved trading decisions.
The ICT Immediate Rebalance Toolkit encompasses the following Price Action components:
ICT Immediate Rebalance
Buyside/Sellside Liquidity
Order Blocks & Breaker Blocks
Liquidity Voids
ICT Macros
🔶 USAGE
🔹 ICT Immediate Rebalance
What is an Immediate Rebalance?
Immediate rebalances, a concept taught by ICT, hold significant importance in decision-making. To comprehend the concept of immediate rebalance, it's essential to grasp the notion of the fair value gap. A fair value gap arises from market inefficiencies or imbalances, whereas an immediate rebalance leaves no gap, no inefficiencies, or no imbalances that the price would need to return to.
Rule of Thumb
After an immediate rebalance, the expectation is for two extension candles to follow; otherwise, the immediate rebalance is considered failed. It's important to highlight that both failed and successful immediate rebalances, when considered within a context, are significant signatures in trading.
Immediate rebalances can occur anywhere and in any timeframe.
🔹 Buyside/Sellside Liquidity
In the context of Inner Circle Trader's teachings, liquidity primarily refers to the presence of stop losses or pending orders, that indicate concentrations of buy or sell orders at specific price levels. Institutional traders, like banks and large financial entities, frequently aim for these liquidity levels or pools to accumulate or distribute their positions.
Buyside liquidity denotes a chart level where short sellers typically position their stops, while Sellside liquidity indicates a level where long-biased traders usually place their stops. These zones often serve as support or resistance levels, presenting potential trading opportunities.
The presentation applied here is the multi-timeframe version of our previously published Buyside-Sellside-Liquidity script.
🔹 Order Blocks & Breaker Blocks
Order Blocks and Breaker Blocks hold significant importance in technical analysis and play a crucial role in shaping market behavior.
Order blocks are fundamental elements of price action analysis used by traders to identify key levels in the market where significant buying or selling activity has occurred. These blocks represent areas on a price chart where institutional traders, banks, or large market participants have placed substantial buy or sell orders, leading to a temporary imbalance in supply and demand.
Breaker blocks, also known as liquidity clusters or pools, complement order blocks by identifying zones where liquidity is concentrated on the price chart. These areas, formed from mitigated order blocks, often act as significant barriers to price movement, potentially leading to price stalls or reversals in the future.
🔹 Liquidity Voids
Liquidity voids are sudden price changes 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.
Here is our previously released Liquidity-Voids script.
🔹 ICT Macros
In the context of ICT's teachings, a macro is a small program or set of instructions that unfolds within an algorithm, which influences price movements in the market. These macros operate at specific times and can be related to price runs from one level to another or certain market behaviors during specific time intervals. They help traders anticipate market movements and potential setups during specific time intervals.
Here is our previously released ICT-Macros script.
🔶 SETTINGS
🔹 Immediate Rebalances
Immediate Rebalances: toggles the visibility of the detected immediate rebalance patterns.
Bullish, and Bearish Immediate Rebalances: color customization options.
Wicks 75%, %50, and %25: color customization options of the wick price levels for the detected immediate rebalance.
Ignore Price Gaps: ignores price gaps during calculation.
Confirmation (Bars): specifies the number of bars required to confirm the validation of the detected immediate rebalance.
Immediate Rebalance Icon: allows customization of the size of the icon used to represent the immediate rebalance.
🔹 Buyside/Sellside Liquidity
Buyside/Sellside Liquidity: toggles the visibility of the buy-side/sell-side liquidity levels.
Timeframe: this option is to identify liquidity levels from higher timeframes. If a timeframe lower than the chart's timeframe is selected, calculations will be based on the chart's timeframe.
Detection Length: lookback period used for the detection.
Margin: sets margin/sensitivity for the liquidity levels.
Buyside/Sellside Liquidity Color: color customization option for buy-side/sell-side liquidity levels.
Visible Liquidity Levels: allows customization of the visible buy-side/sell-side liquidity levels.
🔹 Order Blocks & Breaker Blocks
Order Blocks: toggles the visibility of the order blocks.
Breaker Blocks: toggles the visibility of the breaker blocks.
Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
Mitigation Price: allows users to select between the closing price or the wick of the candle.
Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
Order Blocks: Bullish, Bearish Color: color customization option for order blocks.
Breaker Blocks: Bullish, Bearish Color: color customization option for breaker blocks.
Visible Order & Breaker Blocks: allows customization of the visible order & breaker blocks.
Show Order Blocks & Breaker Blocks Labels: toggles the visibility of the order blocks & breaker blocks labels.
🔹 Liquidity Voids
Liquidity Voids: toggles the visibility of the liquidity voids.
Liquidity Voids Width Filter: filtering threshold while detecting liquidity voids.
Ignore Price Gaps: ignores price gaps during calculation.
Remove Mitigated Liquidity Voids: remove mitigated liquidity voids.
Bullish, Bearish, and Mitigated Liquidity Voids: color customization option..
Liquidity Void Labels: toggles the visibility of the liquidity voids labels.
🔹 ICT Macros
London and New York (AM, Launch, and PM): toggles the visibility of specific macros, allowing users to customize macro colors.
Macro Top/Bottom Lines, Extend: toggles the visibility of the macro's pivot high/low lines and allows users to extend the pivot lines.
Macro Mean Line: toggles the visibility of the macro's mean (average) line.
Macro Labels: toggles the visibility of the macro labels, allowing customization of the label size.
🔶 RELATED SCRIPTS
ICT-Killzones-Toolkit
Smart-Money-Concepts
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
STRATEGY 7 CERBERO STUDY [ SCRIPTS INVERSIONES ]USE:
ADXCONFIG:
Purpose: Select the range for the strength required in the ADX for our alert condition. This setting allows traders to define the threshold at which the ADX indicates sufficient market momentum for trading decisions.
USETRENDLOGIC:
Function: Utilizes the trend EMA to make long entries when the price is above and short entries when it is below the EMA. This provides a simple, clear rule based on the relative position of the price to the EMA, facilitating trend-following strategies.
SELECT A VALUE FOR EMA:
Description: Choose the range for the EMA, and the alert conditions will be applied depending on whether the price is above or below when USETRENDLOGIC is activated. This allows for flexibility in setting the sensitivity of the EMA to price movements.
ACTIVATE/DEACTIVATE EMA 35 AND EMA 50:
Usage: These EMAs are used to determine the trend in shorter periods of time, providing traders with quick insights into market dynamics and potential trend shifts.
LOGIC 1:
ENABLE/DEACTIVATE STRATEGY 1/1:
Conditions: If the 1/1 strategy is activated, it will use the following setup:
Volume entry + EMA condition + BREAK
ADX > ADXCONF
DMI+/DMI- higher depending on the trend
Explanation: This strategy combines volume analysis with EMA and trend indicators to identify strong, actionable trading signals.
This image shows its use.
LOGIC 2:
ENABLE/DEACTIVATE STRATEGY 1/2:
Conditions: If the 1/2 strategy is activated, it utilizes:
Volume entry + EMA condition + BREAK
Purpose: Focuses on significant breaks in EMA levels with accompanying high volume, suggesting a strong momentum-backed entry point.
This image shows its use.
LOGIC 3:
ENABLE/DEACTIVATE STRATEGY 1/3:
Conditions: If the 1/3 strategy is activated, it involves:
Volume entry + EMA condition
RSI
ADX > ADXCONF and DMI+/DMI- higher depending on the trend
Utility: Combines volume, EMA, and RSI indicators with ADX strength to filter entries during extreme market conditions, enhancing the probability of capturing significant moves.
This image shows its use.
LOGIC 4:
ENABLE/DEACTIVATE STRATEGY 1/4:
Conditions: If the 1/4 strategy is activated, it incorporates:
Volume entry + EMA condition
RSI ABOVE/BELOW your EMA
Application: This strategy uses RSI levels in relation to an EMA to fine-tune entry points, helping to confirm momentum before entering trades.
This image shows its use.
LOGIC 5:
ENABLE/DEACTIVATE STRATEGY 1/5:
Conditions: If the 1/5 strategy is activated, it utilizes:
Volume entry + EMA condition
Function: A straightforward strategy that uses volume and EMA conditions to identify primary entry points, focusing on the basic elements of trend and momentum.
This image shows its use.
POI LOGIC (Point of Interest)
Activate/Deactivate 2/1 POI Strategy
When the 2/1 POI strategy is activated, it employs the following conditions to determine market entries:
Volume Entry + EMA Condition + POI TOUCHED + ADX > ADXCONF and DMI+/DMI- higher depending on the trend:
Volume Entry: Looks for significant volume as confirmation that there is enough interest at the current price level.
EMA Condition: A specific condition regarding the Exponential Moving Average (EMA) must be met, such as the price being above or below the EMA, depending on the anticipated direction of price movement.
POI Touched: The price must have touched a previously identified Point of Interest, indicating a level where the price has reacted before.
ADX > ADXCONF: The Average Directional Movement Index (ADX) must be greater than a set value (ADXCONF), indicating sufficient trend strength.
DMI+/DMI- higher depending on the trend: The Directional Movement Indicator Plus (DMI+) or Minus (DMI-) needs to be higher, depending on whether the trend is bullish or bearish, respectively.
This strategy is designed to capitalize on price levels where the market has shown previous reactions, using a combination of technical analysis and volume to confirm entry signals.
This image shows its use.
DIVERGENCE LOGIC
Activate/Deactivate Divergence Strategy
When the divergence strategy is activated, it employs the following conditions for making trading decisions:
Volume Entry + Divergence: This condition indicates that a market entry should be considered when there is a divergence between the price and a technical indicator (such as RSI, MACD, etc.), accompanied by significant volume.
Divergence occurs when the price of an asset moves in the opposite direction of the technical indicator, which may suggest a potential reversal in market trends. Volume plays a crucial role here, as high volume during a divergence can confirm the strength of the potential trend reversal.
This strategy aims to capitalize on moments when the market shows signs of exhaustion in a trend and is potentially gearing up to reverse, making divergences a key component in anticipating significant movements.
This image shows its use.
FOREX LOGIC
Activate/Deactivate FOREX Strategy
When the Forex strategy is activated, it uses the following conditions to execute trades:
Volume Entry + DI+ > DI- for long entries: This condition means that to consider a long position (buy), the Positive Directional Indicator (DI+) must be greater than the Negative Directional Indicator (DI-). This suggests that the market trend is moving upward, supported by sufficient trading volume backing this direction.
DI- > DI+ for short entries: For short entries (sells), the required condition is that the DI- (Negative Directional Indicator) is greater than the DI+ (Positive Directional Indicator). This indicates that the market trend is downward and that there is adequate volume confirming this bearish trend.
These conditions ensure that market entries are made with a clear confirmation of market direction based on volume and directional movement, which is crucial for increasing the probabilities of successful Forex trades.
This image shows its use.
ICT STUDY
Activate/Deactivate Strategy ICT
USAGE:
We use all these components in our indicator to provide comprehensive and effective control when trading using the ICT (Inner Circle Trader) methodology. Each element aids in visualizing and anticipating market movements more accurately, facilitating informed and strategic decision-making.
POI (Point of Interest): Used to identify critical points where the market has shown significant past activity, offering clues on potential future price reactions.
Imbalances: Crucial for spotting areas where supply or demand has been lacking, suggesting potential entry or exit points based on trend reversal or continuation.
ZigZag: Helps to eliminate market noise, allowing for clear identification of significant highs and lows, vital for trend analysis and reversal.
Supports and Resistances: Fundamental in determining price levels at which the market might stop or reverse, essential for any trading strategy.
Fibonacci: Utilized to find support and resistance levels based on mathematical proportions that naturally occur in markets, informing potential areas of interest.
Inducement: We observe these patterns to identify moments when price manipulations might be occurring, helping to avoid traps and enhance entries.
Sweep: Analyzed to understand how and where major market players are clearing accumulated orders, which can indicate significant price movements.
CHOCH (Change of Character): Used to detect a shift in price behavior, which may signal a reversal or trend change.
BOS (Break of Structure): Key for detecting when the price breaks through significant structures, suggesting changes in market direction.
Forecasting Length: Determines how far the price may reach into the future based on current analysis, crucial for planning long-term trades.
This image shows its use.
IF USE TP AND SL
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.
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.
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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.
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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.
유료 스크립트
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.
유료 스크립트
neXt Macros - Killzones [cognyto]The MACRO indicator is a valuable tool for traders who want to develop consistency and believe that major macroeconomic events occur at certain times of the day that can affect the market. By showing macro times in advance, allowing alerts to be triggered, and showing previous macros that have occurred, the MACRO indicator provides traders with the information they need to make more informed trading decisions that can be used in conjunction with their own strategies.
What is a MACRO?
A MACRO is a concept introduced by Micheal Huddleston, known as ICT, the -Inner Circle Trader- and he is the one to thank for. It represents some short periods of time during the day that can be used as an advantage for trading due to major economic events, or when the price reaches a certain level of relevance. The indicator is a tool that visually highlights these important periods in advance.
Some of the features of the MACRO indicator are:
The indicator highlights IN ADVANCE the relevant segments of time during the day, known as MACROS. It allows the trader to monitor the price precisely at these times and potentially identify trading opportunities according to his own strategies. All Macro times in the indicator can be modified, enabled or disabled. It is likely that not all MACROS will be relevant to all instruments, so it is recommended that only those relevant to the trader's instrument or market preferences are enabled, disabled or the times adjusted. The News checkbox helps traders to visualise, in a different color, those macros where news are expected to be published and may cause unpredictable high volatility, so it is advisable to have high precautions or as suggested by ICT: "DO NOT TRADE DURING THOSE TIMES OR DAYS !!! " Please note that this feature is optional to be used but certainly has to be updated on a daily basis, since not all days occur the same news events.
In addition to this, it also allows the trader to set the number of minutes that alerts are to be triggered before the start of the next MACRO. This feature allows traders to review, analyse and trade ONLY during MACRO times and prevent them from constantly monitoring the screen. This feature can be of great value to those who need the discipline to gain consistency and only trade when the time is relevant. Please note that the alerts are not triggered by the indicator, this can only be done through TradingView. The checkbox only indicates that the trader wishes to receive alerts of those MACRO times that are enabled. Therefore, it is HIGHLY SUGGESTED to set the alerts in TradingView to the 1 minute timeframe in order to have the required precision for alarming.
Finally, the MACRO indicator also displays previous macros that have occurred in the last few days and with severe settings that allow the trader to precisely implement different strategies. This feature allows traders to back test and analyse the relevance of past macros. By understanding how the market has reacted to similar events in the past, traders can make more informed decisions about how to trade current and future events.
Remember that your cognitive balance is essential and this indicator aims to help you manage your TIME and reduce anxiety by sticking to your rules.
This indicator is for informational purposes only and you should not rely on any information it provides as legal, tax, investment, financial or other advice. Nothing provided by this indicator constitutes a solicitation, recommendation, endorsement or offer by cognyto or any third party service provider to buy or sell any securities or other financial instruments in this or any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
