[FXAN] 75 Cygni Algorithm (Day Trading)⚜️ FXAN CYGNI INDICATORS ORIGINALITY
Originality comes from proprietary formula we use to measure the relationship between Volume and Price Volatility in relation to overall current market positioning in developing Volume Profile and multiple custom period Volume Profiles. We combine that with our own approach to measure price velocity in correlation to average daily/weekly/monthly ranges of the given market.
The relationship between current volume and price volatility gives us information about how much the volume that is currently coming into the market affects the price movement (volatility) and which side is more dominant/involved in the market (Buyers/Sellers). We call this the " Volume Impact " factor.
This information is then compared in relation to overall current market positioning in developing Volume Profile and Multiple custom period Volume Profiles. We have created a rating system based on current price positioning in relation to the Volume Profile. Volume profile consists of different volume nodes, high volume nodes where we consider market interest to be high (a lot of transactions - High Volume) and low volume nodes where we consider market interest to be low (not a lot of transactions - Low Volume). We call this the current " Market Interest " factor.
We combine this information with our own approach to measure price velocity in correlation to the higher-timeframe price ranges. Calculation is done by measuring current ranges of market movement in correlation to average daily/weekly/monthly ranges. We call this " Price Velocity " factor.
This approach was applied to develop key components of our Tradingview Indicators, we've simplified some of the calculations and made them easy to use by programming them to display buying/selling volume pressure with colors.
In addition to our own proprietary formulas and criterias to measure volume impact on price, we've also used an array of indicators that measure the percentage change in volume over custom specified periods of time, including custom period ranged Volume Profile, Developing VA, Accumulation/Distribution (A/D Line), Volume Rate of Change (VROC), Volume Price Trend (VPT) - all of them with of course fine-tuned settings to fit the purpose in the overall calculation.
Reasons for multiple indicator use:
Custom period ranged Volume Profiles: To determine current interest of market participants. Used for " Market Interest "
Developing VA: To determine current fair price of the market (value area). Used for " Market Interest ".
Accumulation/Distribution (A/D Line): Helping to gauge the strength of buying and selling pressure. Used for " Volume Impact "
Volume Rate of Change (VROC): To give us information about percentage change in volume. Used for " Volume Impact "
Volume Price Trend (VPT): To help identify potential trends. Used for " Volume Impact ".
Average True Range (ATR): Used for measuring volatility. Used for " Volume Impact " and " Price Velocity" .
Average Daily Range (ADR): Used for measuring average market price movement. Used for " Price Velocity ".
How it all works together:
"Volume Impact" factor tells us the influence of incoming market volume on price movement. This information alongside the overall market positioning information derived from "Market Interest" factor combined with information about speed and direction relative to higher-timeframe price ranges frin "Price Velocity.
This is the basis of our proprietary developed Volume Dynamics analysis approach
"Volume Impact" x "Market Interest" x "Price Velocity"
Combining this factors together gives a good overall understanding of which side is currently more involved in the market to gauge the direction ("Volume Impact"), where the market is currently positioned to gauge the context ("Market Interest") and what the current market's momentum to improve the timing of our trades ("Price Velocity"). This increases our probabilities for successful trades, executed with good timing.
To simplify - our indicators will always analyze the volume behind every price movement and rate those movements based on the relationship between movement distance and volume behind it through an array of criterias and rate them.
Colors displayed by the indicators will be a result of that, suggesting which side of the market (Buyers or sellers) is currently more involved in the market, aiming to increase the probabilities for profitable trades. With the help of our indicators you have deep volume analysis behind price movements done without looking at anything else then indicator components.
🔷 OVERVIEW
Cygni 75 Algorithm is a TradingView indicator crafted to refine your market analysis and assist in identifying potential entry and exit points by analyzing the underlying volume behind market movements. It helps you determine the overall daily context of the market and its conditions/trends by offering a suite of features tailored to provide insights to traders across various market conditions.
🔷 KEY FEATURES
▊ Candle Coloring
▊ Deviation Bands
▊ Momentum Bar | on the bottom of the chart
▊ Area of Interest (AOI) | Yellow rectangle
🔷 HOW DOES IT WORK?
□ Candles will color in reference to the dominance of buyers or sellers based on underlying volume calculated by a proprietary formula. The green color indicates that buyers are in control, and the red color indicates the selling volume is dominating the market. To simplify, green means there's more buying - red means there's more selling.
□ Deviation bands are used to determine potential trade entries and exits, derived by average price weighted by volume.
□ Momentum Bar shows market momentum by analyzing the differences between multiple moving averages. Green is bullish; red is bearish. The colors will lighten up when momentum is strong, and once the market slows down, they will get darker.
□ Area of Interest (AOI) is used for contextual reference, derived from the previous day's market movements. They remain static throughout the current day.
🔷 HOW TO USE IT?
□ In general, we look for areas where all components are in sync. This are valid trading signals (refer to the usage example below).
□ Candle Colors: Looking for longs when the candles are green, and looking for shorts when the colors are red
□ Deviation Bands: Once we enter the trade, we can place the SL and TP levels at the closest bands.
□ Momentum Bar: Helps with the timing of the entry, looking to enter on light Green/Red colors. Longs when green and shorts when red.
□ Area Of Interest: Generally, we're expecting rotational conditions inside the area and breakouts above/below once the market price gets outside of it. Longs above the area and shorts below the area for breakouts.
🔷 COMBINING THE COMPONENTS
Each component of the indicator serves it's own purpose and analyzes the market from it's own perspective and with its own custom settings and formulas (one looks at trading direction from the perspective of the overall trend and the other looks at price volatility to measure momentum - different perspectives). The calculation of the individual component is done independently from other components. Once all of them align we're able to execute trades with edge as it signals that different aspects of volume and price analysis line up for the trading opportinity.
- Candle Colors are used for determining trading direction
- Deviation bands are used for determining TP/SL levels
- Momentum bar is used to for better timing of your entries/exits.
- AOI is used to help you determine potential market conditions
It's important to combine the components to increase the probability of success - here's how you should look for a trade:
1. Determine the direction you want to trade in with the help of Candle Colors
2. Assess the current market price in reference to AOI - look for longs if the price is above the AOI, shorts if the price is below AOI, and rotations if it's inside the AOI.
3. Wait for the right momentum to develop to improve the timing of the entry by using Momentum Bar.
4. Place TP/SL levels with the help of Deviation bands based on your risk appetite.
A valid example of the trade would be:
- Green Candle Colors (indicating longs)
- Market price is currently above the AOI or breaking the edge of AOI in the upside movement (indicating longs)
- Momentum Bar is Green (indicating long momentum)
- Placing SL to the closest Deviation Band below the price and TP to the closest Deviation Band above the price.
📊 USAGE EXAMPLES
스크립트에서 "volume profile"에 대해 찾기
[FXAN] 71 Cygni Algorithm (Scalping)⚜️ FXAN CYGNI INDICATORS ORIGINALITY
Originality comes from proprietary formula we use to measure the relationship between Volume and Price Volatility in relation to overall current market positioning in developing Volume Profile and multiple custom period Volume Profiles. We combine that with our own approach to measure price velocity in correlation to average daily/weekly/monthly ranges of the given market.
The relationship between current volume and price volatility gives us information about how much the volume that is currently coming into the market affects the price movement (volatility) and which side is more dominant/involved in the market (Buyers/Sellers). We call this the "Volume Impact" factor.
This information is then compared in relation to the overall current market positioning in developing Volume Profile and Multiple custom period Volume Profiles. We have created a rating system based on current price positioning in relation to the Volume Profile. Volume profile consists of different volume nodes, high volume nodes where we consider market interest to be high (a lot of transactions - High Volume) and low volume nodes where we consider market interest to be low (not a lot of transactions - Low Volume). We call this the current "Market Interest" factor.
We combine this information with our own approach to measure price velocity in correlation to the higher-timeframe price ranges. Calculation is done by measuring current ranges of market movement in correlation to average daily/weekly/monthly ranges. We call this "Price Velocity" factor.
This approach was applied to develop key components of our Tradingview Indicators, we've simplified some of the calculations and made them easy to use by programming them to display buying/selling volume pressure with colors.
In addition to our own proprietary formulas and criterias to measure volume impact on price, we've also used an array of indicators that measure the percentage change in volume over custom specified periods of time, including custom period ranged Volume Profile, Developing VA, Accumulation/Distribution (A/D Line), Volume Rate of Change (VROC), Volume Price Trend (VPT) - all of them with of course fine-tuned settings to fit the purpose in the overall calculation.
Reasons for multiple indicator use:
Custom period ranged Volume Profiles: To determine current interest of market participants. Used for "Market Interest"
Developing VA: To determine current fair price of the market (value area). Used for "Market Interest".
Accumulation/Distribution (A/D Line): Helping to gauge the strength of buying and selling pressure. Used for "Volume Impact"
Volume Rate of Change (VROC): To give us information about percentage change in volume. Used for "Volume Impact"
Volume Price Trend (VPT): To help identify potential trends. Used for "Volume Impact".
Average True Range (ATR): Used for measuring volatility. Used for "Volume Impact" and "Price Velocity".
Average Daily Range (ADR): Used for measuring average market price movement. Used for "Price Velocity".
How it all works together:
"Volume Impact" factor tells us the influence of incoming market volume on price movement. This information alongside the overall market positioning information derived from "Market Interest" factor combined with information about speed and direction relative to higher-timeframe price ranges frin "Price Velocity.
This is the basis of our proprietary developed Volume Dynamics analysis approach
"Volume Impact" x "Market Interest" x "Price Velocity"
Combining this factors together gives a good overall understanding of which side is currently more involved in the market to gauge the direction ("Volume Impact"), where the market is currently positioned to gauge the context ("Market Interest") and what the current market's momentum to improve the timing of our trades ("Price Velocity"). This increases our probabilities for successful trades, executed with good timing.
To simplify - our indicators will always analyze the volume behind every price movement and rate those movements based on the relationship between movement distance and volume behind it through an array of criterias and rate them.
Colors displayed by the indicators will be a result of that, suggesting which side of the market (Buyers or sellers) is currently more involved in the market, aiming to increase the probabilities for profitable trades. With the help of our indicators you have deep volume analysis behind price movements done without looking at anything else then indicator components.
🔷 OVERVIEW
Cygni 71 Algorithm is a TradingView indicator designed for short-term trading (scalping) and enhancing the precision of your entries/exits based on a higher timeframe market context. It analyzes the underlying volume behind market movements and colors the candles with the help of the Heiken-Ashi methodology to provide a clearer perspective on the market's potential direction and intentions.
🔷 KEY FEATURES
▊ Candle Coloring
▊ Upper Colored Bar
▊ Lower Colored Bar
🔷 HOW DOES IT WORK?
□ Candles will color in reference to the Heiken ashi "average bar" methodology, which uses a modified formula based on two-period averages. This way, you can observe the normal candlesticks with less noise as colors will suggest the most likely direction where the market might be heading.
□ Upper Colored Bar analyzes daily volume dynamics in the market's price action by referencing the daily average price weighted by volume. If the market is bullish, you’ll see the green bars, and if the market is bearish, the bars will color red.
□ Lower Colored Bar analyzes volume dynamics and the market's price action every few second and minute intervals by referencing average price weighted by volume. This makes it much more sensitive than the Upper Colored Bar. If the market is bullish, you’ll see the green bars, and if the market is bearish, the bars will color red.
🔷 HOW TO USE IT?
□ In general, we look for areas where all components are in sync. These are valid trading signals (refer to the usage example below).
□ If all components are not in sync, we should look for at least two of them to be in sync while one of them must be Upper Colored Bar.
□ Candle Colors: Looking for longs when the candles are green and looking for shorts when the colors are red
□ Upper Colored Bar: The most important component of this indicator is that we favor trading in the direction suggested by this component. Additional confirmation of other components is a bonus. The green color suggests a bullish market, trading long. Red color suggests bearish market, trading short.
□ Lower Colored Bar: This should not be used on its own but always combined with at least one of the other components due to its sensitivity. Colors are indicating longs when green and shorts when red.
🔷 COMBINING THE COMPONENTS
Each component of the indicator serves it's own purpose and analyzes the market from it's own perspective and with its own custom settings and formulas. The calculation of the individual component is done independently from other components. Once all of them align, we're able to execute trades with an edge as it signals that different aspects of volume and price analysis line up for the trading opportunity.
- Candle Colors are used for improving the timing of your entries/exits based on market structure
- Upper Colored Bar is used for determining the favorable direction of the market based on Daily Volume Dynamics.
- Lower Colored Bar used for determining the favorable direction of the market based on Second/Minute/3-minute Volume Dynamics.
It's important to combine the components to increase the probability of success - here's how you should look for a trade:
1. Assess the current most favorable market direction by referencing the Upper Colored bar, look for longs if it’s green and for shorts if it’s red
2. Look for the Candle Colors to align with the Upper Colored bar, look for longs if it’s green and for shorts if it’s red
3. Look for short-time frame volume dynamics to align with your entries, by referencing the Lower Colored Bar - look for longs if it’s green and for shorts if it’s red.
A valid example of the trade would be:
- Upper Colored Bar is green, indicating the favorable trading directions is long
- Lower Colored Bar is green, indicating the favorable trading directions is long
- Candle Colors are green, indicating the market structure is favorable to enter your positions
📊 USAGE EXAMPLE
Money Flow Profile [LuxAlgo]The Money Flow Profile is a charting tool that measures the traded volume or the money flow at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
This tool combines a volume/money flow profile, a sentiment profile, and price levels, where the right side of the profile highlights the distribution of the traded activity/money flow at different price levels, the left side of the profile highlights the market sentiment at those price levels, and in the middle the price levels.
🔶 USAGE
A volume/money flow profile is an advanced charting tool that displays the traded volume/money flow at different price levels over a specific period. It helps traders visualize where the majority of trading activity/money flow has occurred.
A sentiment profile is a difference between buy and sell volume/money flow aiming to highlight the sentiment/dominance at specific price levels.
Each row of the profile presents figures on volume and money flow specific to price levels.
High volume/money flow nodes indicate areas of high activity and are likely to act as support or resistance in the future. They attract price and try to hold it there. Conversely, low-volume nodes are areas with low trading activity, that are less subject to get revisited by the price. The market often bounces right over these levels, not staying for long. The "Profile Heatmap" option of the script helps to better emphasize the trading activity within each areas.
By measuring the traded activity at each price level the script presents an ability to highlight the consolidation zones, in other words, highlights accumulation and distribution zones. When the price moves toward one end of the consolidation and volume pick up, it can foreshadow a potential breakout.
Level of Significance, Point of Control, Highest Sentiment Zone, and Profile Price levels are some of the other profile-related options available with the script.
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Profile Generic Settings
Lookback Length / Fixed Range: Sets the lookback length.
Profile Source: Sets the profile source, Volume, or Money Flow.
🔹 Profile Presentation Settings
Volume/Money Flow Profile: Toggles the visibility of the Volume/Money Flow Profile.
High Traded Nodes: Threshold and Color option for high traded nodes.
Average Traded Nodes: Color option for average traded nodes.
Low Traded Nodes: Threshold and Color option for low traded nodes.
🔹 Sentiment Profile Settings
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Sentiment Polarity Method: Sets the method used to calculate the up/down volume/money flow.
Bullish Nodes: Color option for Bullish Nodes.
Bearish Nodes: Color option for Bearish Nodes.
🔹 Profile Heatmap Settings
Profile Heatmap: Toggles the visibility of the profile heatmap.
Heatmap Source: Sets the source of the profile heatmap, Volume/Money Flow Profile, or Sentiment Profile.
Heatmap Transparency: Control the transparency of the profile heatmap.
🔹 Other Presentation Settings
Level of Significance: Toggles the visibility of the level of significance line/zone.
Consolidation Zones: Toggles the visibility of the consolidation zones.
Consolidation Threshold, Color: Sets the threshold value and zone color.
Highest Sentiment Zone: Toggles the visibility of the highest bullish or bearish sentiment zone.
Profile Price Levels, Color, Size: Toggles the visibility of the profile price levels, and sets the color and the size of the level labels.
Profile Range Background Fill: Toggles the visibility of the profiles range.
🔹 Other Settings
Number of Rows: Specify how many rows each profile histogram will have.
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Text Size: Alters the size of the text. Setting to Auto will keep the text within the box limits.
Profile Horizontal Offset: Enables to move profile in the horizontal axis.
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Swing-Volume-Profiles
For more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
S9 ToolkitGENERAL OVERVIEW:
The S9 Toolkit is a multi-layered market structure and volume analysis indicator. It combines volumetric support and resistance, trendlines, engulfing candlesticks & zones, session volume profile, swing highs/lows, moving averages, and a checklist dashboard into one framework. Each component works independently while staying aligned with the others.
This indicator was developed by Flux Charts in collaboration with S9 Trades.
WHAT IS THE THEORY BEHIND THIS INDICATOR?:
The core idea is that price movement encodes behavior, not just direction. Candles show where price traded, but they don’t reveal how committed buyers or sellers were or whether a move was truly accepted or rejected. The S9 Toolkit exposes these behaviors by watching how price reacts at structurally important areas and by analyzing volume during those interactions.
Structure defines where the market is operating. Highs, lows, zones, and trends mark areas where the market has responded before. Volume adds context by showing the level of participation at those locations. Strong reactions, weak follow-through, repeated tests, and clean breaks each convey different information.
Market structure also changes over time. A zone that holds multiple tests may remain important, while one that breaks cleanly may lose relevance. The toolkit tracks these interactions so traders can see how structure evolves rather than treating levels as fixed. Sessions matter too. Markets behave differently across trading windows, and volume distribution shifts throughout the day. By incorporating session-based profiling and higher-timeframe alignment, the toolkit accounts for these differences.
The purpose of the S9 Toolkit is to clarify what the market is doing now and how that relates to earlier structure. It organizes price, volume, and structural change into a clear framework, helping traders make decisions with better context.
S9 TOOLKIT FEATURES:
The S9 Toolkit indicator includes 8 main features:
Volumetric Support & Resistance Zones
Trendlines Structure
Engulfing Candlesticks & Zones
Swing Highs/Lows
Session Volume Profile
EMAs & Directional Bias Dashboard
Checklist Dashboard
Alerts
Each component operates independently while sharing the same underlying market structure and confirmation logic. Detailed explanations for each component are provided in the sections that follow.
VOLUMETRIC SUPPORT AND RESISTANCE ZONES:
🔹 What is Support & Resistance?
Support and resistance are areas on the chart where price previously showed a meaningful reaction. Support is a price area where buying activity was sufficient to slow down or reverse a decline and is displayed in the lower portion of price movement, while resistance is a price area where selling activity was sufficient to slow down or reverse an advance, and is shown in the upper portion of price movement. These zones represent areas where bullish and bearish pressure accumulated and where price is more likely to react again when revisited.
The S9 Toolkit treats support and resistance as price zones. Price does not interact with one exact level but with a range where previous reactions occurred. These zones make it easier to observe whether price reacts, pauses, or moves through the same range when revisited.
(Screenshot: only Support Resistance Zones Enabled)
🔹 How the Indicator Identifies Support & Resistance
The S9 Toolkit identifies support and resistance using confirmed market structure.
◇ Step 1: Confirmed Swing Detection
The indicator first detects confirmed swing highs and swing lows using a user-defined pivot length. A swing is only confirmed after price has completed the required number of bars on both sides, ensuring that structure does not repaint.
Confirmed swing lows are used to identify support
Confirmed swing highs are used to identify resistance
(Screenshot: Pivot swing detection)
◇ Step 2: Zone Construction
Once a swing is confirmed, the indicator constructs a price zone.
The zone is created around the confirmed swing pivot
The zone boundaries are offset above and below the pivot using a fixed Daily Average True Range (ATR) value
The ATR value is used only to define the initial zone size and does not change after the zone is created
Each zone is plotted forward in time so future price interaction can be observed.
(Screenshot: Zones instead of Lines - based on ATR)
◇ Step 3: Overlap Filtering
To reduce clutter and redundant structure, newly detected zones are compared against existing zones of the same type. If a new zone overlaps too closely with an existing active zone, it is not created
(Screenshot: Ignoring overlapping zones)
🔹 Volumetric Information
Each zone displays the volume information accumulated during its formation. This includes total volume and the percentage breakdown between bullish and bearish activity. By embedding this information directly within the zone, the indicator allows traders to evaluate the character of the trading activity that created the structure.
◇ How volume is calculated
During zone formation, volume is accumulated using lower-timeframe data. Volume is classified as bullish when a bar closes at or above its open, and bearish when a bar closes below its open. This provides a consistent approximation of buying versus selling volume without requiring bid/ask data.
(Screenshot: Bullish Volume vs Bearish Volume)
◇ How volume is displayed
Each zone displays:
The total volume traded during zone formation
A percentage value indicating which side was dominant
For support zones, the percentage represents bullish volume
For resistance zones, the percentage represents bearish volume
◇ Imbalance Zones
In some cases, a zone may show volume dominance that does not align with its type. For example, a resistance zone may display a higher bullish volume percentage, or a support zone may display a higher bearish volume percentage. This indicates that price reversed despite greater activity from the opposing side during formation. These imbalanced zones are displayed the same way as other zones and provide additional information about how price reacted within that range.
(Screenshot: Imbalance Zones)
🔹 Breaks & Retests
After a zone is created, the S9 Toolkit tracks how price interacts with it over time.
◇ Retests
A retest occurs when price returns to a zone after moving away, trades into its price range, and reacts without breaking through the zone boundaries. The retest is only counted after the bar closes, ensuring that transient intrabar touches are not treated as valid retests.
(Screenshot: Retests)
◇ Breaks
A break occurs when price moves beyond a zone’s boundary according to the selected invalidation method.
(Screenshot: Zone breaks)
Breaks are evaluated only on confirmed bars. Intrabar price movement does not trigger break conditions, ensuring that only completed price action updates the zone state.
Once a break is confirmed, the zone is marked as broken and its internal state is updated. The zone no longer qualifies as active support or resistance and can optionally remain on the chart in a visually muted form.
🔹Settings
◇ Volumetric Info
Enables or disables the display of volumetric information inside support and resistance zones. When enabled, each zone shows the total volume traded during its formation along with the bullish and bearish volume distribution. When disabled, zones are displayed without any volume data.
◇ Pivot Length
The Pivot Length setting controls how many bars on each side of a price point are required to confirm a swing high or swing low, used to create support and resistance zones. A zone is only formed after the swing is fully confirmed. Higher Pivot Length values require more confirmation bars, resulting in fewer support and resistance zones based on larger, more established price moves. Lower values confirm swings more quickly, creating more frequent zones that reflect finer structural detail. Pivot Length only affects how support and resistance zones are identified and does not change the zone size or behavior after creation.
(Pivot Length: 5 Detects more zones)
(Pivot Length: 20 Detects fewer zones)
◇ Strength
The strength value represents the number of confirmed retests a support or resistance zone has received. Strength increases only when a valid retest occurs and is capped at a maximum of three. Zones are displayed only when their strength meets or exceeds the user-defined Strength setting. This value does not change after a zone is broken.
(Screenshot: Strength 1, 2 ,3 zones displayed)
◇ Higher-Timeframe Zones
The S9 Toolkit allows support and resistance zones to be calculated on a higher timeframe and projected onto the active chart. When a higher timeframe is selected, zone creation, retests, and breaks are all evaluated using that timeframe's data, while the zones themselves are displayed on lower timeframes without recalculation. This allows traders to observe how lower-timeframe price interacts with zones that were formed using higher-timeframe price action and a wider price range.
(Screenshot: Higher Timeframe Zones)
◇ Invalidation method
The S9 Toolkit allows users to control how a break is confirmed by selecting an invalidation method.
Close-based Invalidation: A break is confirmed only when price closes beyond the zone boundary. Wick penetration alone is ignored. This method requires price to fully accept beyond the zone before it is marked as broken.
Wick-based Invalidation: A break is confirmed when price wicks beyond the zone boundary, even if the candle closes back inside the zone. This method is more sensitive and captures early or aggressive break attempts.
(Screenshot: Zone Breaks with Close)
(Screenshot: Zone Breaks with Wick)
◇ Display Nearest
The Display Nearest setting controls how many of the closest support and resistance zones are shown on the chart relative to the current price. Only the nearest active zones above and below price are displayed, while older or more distant zones are hidden. This helps reduce visual clutter and keeps the focus on the most immediately relevant support and resistance areas without removing or recalculating any underlying zones.
(Screenshot: Display nearest 2 zones)
◇ Breaks & Retests
These settings control the visibility and appearance of break and retest markers on support and resistance zones. Users can independently enable or disable break markers and retest markers. Color settings allow customization of how bullish and bearish retests and zone breaks are displayed on the chart, making it easier to distinguish different types of interactions. Turning these options off hides the markers without affecting how zones are calculated.
◇ Show invalidation Zones
The Show Invalidated Zones setting controls whether support and resistance zones remain visible after they are broken. When enabled, zones that have been invalidated are kept on the chart in a visually muted form. This allows users to see where zones were previously active without treating them as current support or resistance. When disabled, invalidated zones are removed from the chart once a break is confirmed, keeping the display focused only on active zones.
(Screenshot: Historical Zones are muted)
TRENDLINES:
🔹 What is a Trendline
A bullish trendline is a line drawn by connecting higher swing lows, showing that price is making progressively higher lows over time. As long as price continues to respect this line, upward movement remains intact. A bullish trendline is typically tested from above, and a break occurs when price closes below the line.
(Screenshot: Bullish Trendline)
A bearish trendline is a line drawn by connecting lower swing highs, showing that price is making progressively lower highs over time. As long as price respects this line, the downward movement remains intact. A bearish trendline is typically tested from below, and a break occurs when price closes above the line.
(Screenshot: Bearish Trendline)
🔹How it works
In the S9 Toolkit, trendlines are constructed using confirmed swing points. Each trendline is created only after a valid sequence of pivots is identified, ensuring that lines are based on completed price movement rather than interim fluctuations. Once drawn, a trendline extends forward and is continuously evaluated as new price data forms. Trendlines and volumetric zones work together in the S9 Toolkit. Zones highlight areas where price interacts and trades, while trendlines show the overall directional structure. When viewed together, they help traders see whether price is moving in line with the current structure or beginning to move away from it.
🔹How the indicator detects trendlines
◇ Step 1: Detect confirmed swing pivots
The S9 Toolkit identifies confirmed swing highs and swing lows using the selected Swing Length setting. A pivot is only confirmed after the required number of bars have formed on both sides, ensuring completed structure and non-repainting behavior.
(Screenshot: Confirmed swing pivots)
◇ Step 2: Form and validate a candidate trendline
When a new pivot is confirmed, the indicator attempts to connect it with the previous pivot of the same type. For bearish trendlines, the new swing high must be lower than the previous swing high. For bullish trendlines, the new swing low must be higher than the previous swing low.
(Screenshot: New Lower High)
◇ Step 3: Apply strength filtering
Each valid candidate trendline is evaluated using a slope-based strength calculation derived from the relative size of the swing legs between the pivots, rather than a simple angle measurement. If the calculated strength does not meet the user-defined Strength threshold, the trendline is filtered out and not displayed.
(Screenshot: Strength Calculation)
◇ Step 4: Extend the trendline and draw the zone
Validated trendlines are extended forward by the number of bars defined in the Extend By setting. A shaded zone is drawn around the line using ATR-based padding so price interaction is observed as an area rather than a single line.
(Screenshot: S9 Toolkit’s Trendlines)
🔹 Swing Length
The Swing Length setting controls how swing points are identified for trendline construction. A swing point is confirmed only after the specified number of bars has formed on both sides of the pivot. A higher swing length requires more bars to confirm each pivot, resulting in fewer swing points and trendlines that reflect longer-term price movement. A lower swing length confirms pivots more frequently, producing more swing points and shorter-term trendlines that react more quickly to price changes.
(Screenshot: Trendlines with Smaller Swing Length)
(Screenshot: Trendlines with Higher Swing Length)
🔹Strength filtering
The strength setting controls how selective the trendline detection is. Higher strength values require more pronounced directional moves between swing points, filtering out flatter or weaker trendlines. Lower values allow more trendlines to appear, including those with gentler slopes. This allows traders to adjust sensitivity based on their preferred level of structural detail.
(Screenshot: Low strength zones, Flatter Slope)
(Screenshot, High Strength Zones, Weaker Filtered out)
🔹Trendline extension and lifecycle
Once established, trendlines extend forward by a user-inputted number of bars and remain active until invalidated by confirmed price behavior. A trendline does not disappear simply because the price moves away from it. Its relevance is reassessed only when the price decisively breaks through it.
(Screenshot: Trendlines Keep Extending Until Invalidation)
🔹Extend By
The Extend By setting controls how far a trendline is extended forward after its last confirmed pivot or break. The value defines the number of bars the trendline continues beyond that point for ongoing reference.
(Screenshot: Extend by Example)
🔹Show Last
The Show Last setting limits the number of most recent trendlines displayed on the chart. Older trendlines beyond this limit are hidden to reduce visual clutter.
(Screenshot: Show Last Settings)
🔹 Regular Breaks
A regular break occurs when price closes beyond the trendline on a confirmed bar. Intrabar movement is ignored, ensuring that only completed candles can invalidate a trendline. Regular breaks are evaluated using the same confirmed-bar logic as support and resistance zones.
(Screenshot: Regular Breaks)
🔹 Engulfing Breaks
An engulfing break occurs when a valid engulfing candle forms at the trendline. Instead of requiring a close beyond the line, the engulfing pattern itself is used as the break condition. Engulfing breaks are also evaluated only on confirmed bars and can be enabled independently of regular breaks.
(Screenshot: Engulfing Breaks)
The engulfing candlesticks used for trendline break detection follow the same criteria described later in this write-up in the Engulfing Candlesticks section below, where the pattern is explained in detail.
After a break, the trendline stops extending and is marked with a break label.
🔹Hide Invalidated Trendlines
When enabled, trendlines are removed from the chart after a confirmed break to reduce chart clutter and keep the focus on active directional structure. When disabled, broken trendlines remain visible for reference, allowing users to see where previous directional boundaries existed without treating them as valid trendlines.
(Screenshot: Only Valid Trendlines displayed)
🔹How to interpret trendline breaks and continuation
Trendlines should be viewed for directional reference, not as buy or sell signals. When price respects a trendline, it suggests the market is continuing in the same direction, and structure remains aligned. When reactions become weaker or price starts overlapping the line, it may indicate that directional strength is fading.
Clear breaks, especially when they occur near zones or alongside volume changes, often show that the market is re-evaluating its direction. When trendlines align with volumetric zones, price reactions tend to be more meaningful. When they do not align, the mismatch itself becomes useful information.
The S9 Toolkit highlights these relationships so traders can observe whether direction and structure remain aligned or begin to separate.
ENGULFING CANDLE BEHAVIOR AND ZONES:
🔹What is an engulfing candlestick
An engulfing candlestick occurs when a candle completely overtakes the body of the previous candle in the opposite direction. The current candle closes beyond the prior candle’s range, showing that price moved decisively during that bar rather than continuing the previous movement. This type of candlestick highlights a clear shift in short-term price direction compared to the preceding candle and marks areas where price momentum changes abruptly.
A bullish engulfing candlestick forms when a bearish candle is followed by a larger bullish candle that fully engulfs the previous candle’s body and closes above its high.
(Screenshot: Bullish Engulfing)
A bearish engulfing candlestick forms when a bullish candle is followed by a larger bearish candle that fully engulfs the previous candle’s body and closes below its low.
(Screenshot: Bearish Engulfing)
🔹 How the indicator detects engulfing candlesticks
◇ Step 1: Compare candle direction
The indicator first checks whether the previous candle and the current candle are in opposite directions. A bullish engulfing requires the previous candle to be bearish and the current candle to be bullish. A bearish engulfing requires the previous candle to be bullish and the current candle to be bearish.
(Screenshot: Bullish Candle/ Bearish Candle)
◇ Step 2: Apply body-size requirement
The indicator then checks that the current candle’s body is significantly larger than the previous candle’s body. This requirement filters out weak or marginal engulfing candles and focuses only on more decisive price movement.
(Screenshot: Weak Body vs Strong Body)
◇ Step 3: Confirm range takeover with a close beyond the prior bar
After the size condition is met, the indicator requires the current candle to close beyond the previous candle’s range:
Bullish engulfing candles must close above the previous candle’s high.
Bearish engulfing candles must close below the previous candle’s low.
(Screenshot: Closing above previous high)
◇ Step 4: Highlight the engulfing candle on the chart
When an engulfing candlestick is detected, the indicator highlights the candle using direction-specific colors. Bullish engulfing candles and bearish engulfing candles are colored separately based on the user’s Engulfing Candlesticks color settings, allowing quick visual identification on the chart.
(Screenshot: Highlighting the Engulfing Candle)
🔹Engulfing Zones
When a valid engulfing candlestick is detected, the toolkit constructs an engulfing zone based on the price range of the engulfing candlestick. For bullish engulfing, the zone spans from the current bar's high down to its open. For bearish engulfing, the zone spans from the current bar's open down to its low. These zones persist forward in time and can be revisited, tested, or invalidated like other structural elements. The toolkit tracks whether price later returns to mitigate (trade through) these zones.
(Screenshot: Engulfing Zones)
🔹Show Last
This setting limits the number of engulfing zones displayed on the chart. When set to a value such as 5, only the five most recent engulfing zones that have not yet been mitigated are shown, while all others are hidden to reduce chart clutter.
(Screenshot: Last 2 Engulfing Zones)
🔹How to interpret engulfing behavior
Engulfing behavior should be read as a sign of decisive price movement. A bullish engulfing event shows that buying pressure was strong enough to overcome the prior bar's range and close higher. A bearish engulfing event shows the same for selling pressure.
The most important information comes from what happens next. Continued movement in the same direction suggests follow-through, while overlap or hesitation suggests the move may be temporary.
Engulfing behavior becomes more contextually significant when it aligns with other toolkit components. An engulfing event that forms near a volumetric support zone, along a trendline, or close to a session POC may carry more weight than one that appears in open space. The toolkit presents these events as points of interest, allowing traders to evaluate context without treating them as automatic trade signals.
🔹Zone mitigation logic
When price revisits an engulfing zone after its creation, the toolkit tracks whether the zone is mitigated. A zone is marked as mitigated when price trades through it (closes beyond its boundary). Mitigated zones stop displaying, keeping the chart focused on active, unmitigated structure.
By highlighting engulfing behavior and optionally tracking the resulting zones, the S9 Toolkit turns candle patterns into observable reference points. Traders can see where decisive price moves occurred and whether those areas continue to influence later price behavior.
HIGHS AND LOWS STRUCTURAL MARKERS:
🔹How it works
The toolkit marks swing highs and lows as horizontal reference lines on the chart. These represent confirmed pivot points where price changed direction. When price later breaks through a prior swing level, it's marked with a "B" label.
🔹Swing detection
Swing sensitivity is configurable. Lower values detect more swings with finer detail. Higher values detect fewer, more significant pivots. Swings are only marked after confirmation, so they don't repaint.
🔹How to interpret
Swing highs and lows show where price previously reversed. Breaks show where price has moved beyond prior structure. Sequences of higher highs/lows or lower highs/lows help assess directional context.
SESSION VOLUME PROFILE:
🔹How it works
The Session Volume Profile component of the S9 Toolkit organizes traded volume across price for a defined trading session. Volume is arranged vertically across price levels, showing where activity concentrated and where trading interest was limited during that session. This helps identify the price areas where the market spent time trading and building activity. Sessions can be defined explicitly to reflect distinct trading environments, such as regional market opens or custom intraday windows. Each session profile resets independently, allowing traders to observe how value develops and shifts from one session to the next without cumulative distortion.
🔹How volume is distributed across price
Volume is aggregated across all bars within the active session and mapped to price levels using a configurable number of rows. The toolkit divides the session's price range into equal segments and distributes each bar's volume across the rows that the bar's range touches. Volume distribution uses a proportional calculation method where each bar's volume is allocated based on how much of the bar's range falls within each price row. This creates a distribution that highlights high-activity price levels and low-activity gaps. Volume is classified as up or down based on candle direction, providing a consistent way to separate buying and selling activity across the profile.
🔹Point of Control (POC)
The Point of Control represents the price level where the highest amount of volume was traded during the session. It marks the area of greatest trading activity and often acts as a gravitational reference point for price. The POC highlights where the market showed the strongest willingness to transact during that session.
Repeated interaction with a session POC suggests continued interest around that price level, while clean movement away from it can indicate that trading activity is shifting elsewhere.
🔹Value Area High and Low (VAH / VAL)
The Value Area defines the range of prices where the majority of session volume was exchanged. VAH marks the upper boundary of this range, while VAL marks the lower boundary. Together, they frame the area where the market considered prices fair during that session.
Price behavior around VAH and VAL often provides context. Continued trading within the value area reflects concentrated activity, while sustained trade outside of it often coincides with expansion or transition in price behavior.
🔹How to interpret session-based volume structure
Session Volume Profile should be interpreted in conjunction with structure and direction. A session that develops value above prior structure may indicate continuation, while value developing below may suggest reassessment. Sessions with narrow value and low activity often precede expansion, while sessions with wide, overlapping value often reflect consolidation.
By resetting profiles each session, the S9 Toolkit helps traders observe how value shifts over time and how activity changes across different trading environments. Session Volume Profile highlights where trading activity is concentrated and where it is limited, providing a clear context for how price movement develops afterward.
EMA BIAS:
🔹How it works
The toolkit allows users to display up to three exponential moving averages, each with a user-defined length. These EMA lengths can be configured independently, allowing short-, medium-, and longer-term averages to be viewed together on the chart. Each EMA updates continuously as new bars form.
🔹 Price Above the EMAs
When price trades consistently above one or more EMAs, bias relative to those EMAs is considered positive. This indicates that price is accepting higher levels and that upward movement is being maintained. When multiple EMAs are stacked below price and begin to spread apart, it often reflects bullish price discovery, where price is moving higher with momentum.
(Screenshot: Price above ema, Emas spread apart)
🔹Price Below the EMAs
When price trades consistently below one or more EMAs, bias relative to those EMAs is considered negative. This indicates that lower prices are being accepted and downward movement is being maintained. When multiple EMAs are stacked above price and spread apart, it often reflects bearish price discovery, where price is moving lower with strong directional pressure.
(Screenshot: Bearish EMA Direction)
🔹Frequent EMA Crossings and Compression
When price crosses back and forth through the EMAs and the EMAs remain close together, directional bias is unclear. This behavior typically indicates consolidation or range-bound conditions, where price lacks sustained directional movement and reactions at support or resistance are more likely to be rotational rather than trending.
(Screenshot: Frequent Crossing, Range-Bound)
CHECKLIST DASHBOARD:
🔹How it works
The Checklist Dashboard is a context reference tool designed to present selected market conditions in a compact, easy-to-read format. It brings together key observations from the S9 Toolkit and displays them in one place, allowing traders to review structure, direction, and interaction without scanning the entire chart.
Most checklist items are manually assessed and toggled by the trader based on their own reading of the chart. This allows the checklist to function as a disciplined review framework rather than an automated signal generator. The EMA-related item is the only condition that updates automatically based on live price behavior.
🔹How checklist conditions are handled
Each checklist item represents a specific consideration, such as structural alignment, directional bias, or interaction with key zones. Except for EMA, checklist states are user-controlled and reflect the trader's interpretation of current conditions using the toolkit's visual components.
Conditions are presented in a simple binary format to reduce cognitive load. The checklist does not rank, weight, or score conditions. Its purpose is to organize thought, not to make decisions.
🔹How to use the checklist
The Checklist Dashboard is best used as a discipline and a confluence aid. A checklist showing broad alignment can indicate a cleaner market environment, while mixed states can highlight uncertainty, compression, or transition.
Because the checklist is configurable and largely manual, traders can adapt it to different workflows, higher-timeframe analysis, intraday execution, or post-analysis review. Used properly, it helps maintain consistency and situational awareness without introducing mechanical bias or automated decision-making.
INPUTS:
🔹Volumetric Support & Resistance
◇ Enable
Turns volumetric support and resistance zones on or off entirely.
◇ Pivot Length
Defines how many bars on each side are required to confirm a swing pivot.
Higher values produce fewer, more stable zones based on higher-level structure. Lower values produce more frequent zones with finer structural detail.
◇ Strength
Sets the minimum number of valid retests required for a zone to remain active. Strength increases only when price revisits the zone without breaking it. The maximum strength is capped at three.
◇ Timeframe
Allows zones to be sourced from a higher timeframe and projected onto the active chart. When set, all zone logic (creation, retests, breaks) is evaluated on the selected timeframe while remaining historically aligned.
◇ Invalidation Method
Controls how zone invalidation is confirmed:
Close: A zone is invalidated only when the price closes beyond its boundary.
Wick: A zone is invalidated when the price wicks beyond its boundary.
Close-based invalidation is more conservative; wick-based invalidation is more sensitive.
◇ Display Nearest
Limits how many of the closest active zones are displayed.
◇ Volumetric Info
Displays internal volume information inside each zone, including total volume and bullish/bearish percentage split based on candle direction during zone formation.
◇ Retests
Displays retest markers when price revisits a zone and reacts without invalidation.
◇ Breaks
Displays visual markers when a zone is invalidated according to the selected invalidation method.
◇ Show Invalidated Zones
Keeps invalidated zones on the chart in a visually muted state. This preserves historical structure and allows observation of how price behaves around former areas of interest.
🔹Trendlines
Trendline inputs control directional structure derived from confirmed swings.
◇ Enable
Enables or disables all trendline calculations and rendering.
◇ Swing Length
Defines how many bars are required to confirm swing highs and lows used for trendline construction. Higher values emphasize broader directional structure; lower values increase sensitivity.
◇ Strength
Sets the minimum slope strength required for a trendline to be considered valid. Higher values filter out flatter or weaker trendlines.
◇ Extend By
Controls how many bars a trendline extends forward beyond its last confirmed point or break.
◇ Show Last
Limits the number of most recent trendlines displayed to reduce clutter.
◇ Regular Breaks
Marks a trendline break when price closes beyond the trendline.
◇ Engulfing Breaks
Marks a trendline break when a valid engulfing candle occurs at the trendline.
◇ Hide Invalidated Trendlines
Removes broken trendlines from the chart after confirmation.
🔹Engulfing Candlesticks
◇ Bullish Engulfing / Bearish Engulfing
Enables detection of bullish or bearish engulfing candles based on body size and directional criteria.
◇ Engulfing Zones
Creates zones from engulfing candles that can be revisited, tested, or invalidated like other structural elements.
◇ Show Last
Limits how many recent engulfing events or zones remain visible.
🔹Session Volume Profile
◇ Session Volume Profile
Enables session-based volume profiling.
◇ Session
Defines the active session window used to build each profile. Profiles reset automatically at session boundaries.
◇ Volume Mode
Controls how volume is displayed:
Up / Down: Separates volume based on candle direction.
Total: Displays total volume per price row.
Delta: Displays directional imbalance.
◇ Value Area Volume (%)
Defines the percentage of total session volume used to calculate the Value Area.
◇ Row Size
Defines how the session’s price range is divided when constructing the volume profile. Each row represents a discrete price band where volume is aggregated.
◇ Profile Placement
Anchors the volume profile to the left or right of the session range.
◇ Point of Control (POC)
Displays the price level with the highest traded volume for the session.
◇ Value Area High / Low (VAH / VAL)
Displays the upper and lower boundaries of the value area.
◇ Only Show Current Session
Hides historical session profiles and displays only the active session.
🔹Highs & Lows
◇ Highs/Lows
Enables swing high and swing low detection.
◇ Swing Length
Defines how many bars are required to confirm a swing pivot.
◇ Display Nearest
Limits how many recent swing levels are displayed.
◇ Show Breaks
Marks when price breaks beyond a prior swing high or low using confirmed bars.
🔹EMAs
◇ EMA Visibility and Lengths
Controls which EMAs are displayed and their respective lengths.
🔹Checklist Dashboard
◇ Enabled
Shows or hides the checklist dashboard.
◇ Checklist Items (1–5)
Each checklist item consists of:
A manual true/false toggle
A custom label
These reflect the trader’s interpretation of current conditions using the toolkit’s visual components.
◇ EMA Checklist
Automatically displays EMA alignment status. This is the only dynamic checklist item.
◇ Position
Controls where the checklist appears on the chart.
◇ Size
Controls dashboard text and spacing.
ALERTS:
🔹How alerts are triggered
Alerts in the S9 Toolkit notify traders when important structural or behavioral events occur. Each alert is linked to confirmed conditions, so notifications reflect completed market behavior. Alerts trigger only after the condition is confirmed on a closed bar.
Alert logic mirrors the same confirmation rules used throughout the toolkit. If a zone is invalidated, a trendline is broken, or a structural condition changes, the alert fires only once the event is confirmed. This prevents duplicate or misleading alerts caused by intrabar fluctuations or temporary probes.
🔹Available alert types
The S9 Toolkit supports alerts for the following events:
◇ Trendlines:
Bullish Trendline Detection
Bearish Trendline Detection
Bullish Trendline Break
Bearish Trendline Break
◇ Support/Resistance Zones:
Support Zone Detected
Resistance Zone Detected
Support Zone Retest
Resistance Zone Retest
Support Zone Break
Resistance Zone Break
◇ Engulfing Patterns:
Bullish Engulfing Candlestick
Bearish Engulfing Candlestick
◇ Swing Structure:
Swing High Break
Swing Low Break
◇ Moving Averages:
EMA Direction Change (price crosses above or below EMA)
Each alert type can be individually enabled or disabled in the indicator settings.
🔹How to set up alerts
To create alerts, add the S9 Toolkit indicator to your chart and configure which alert types you want to receive in the indicator settings. Then create a TradingView alert on the chart, select the S9 Toolkit indicator, and choose "Any alert() function call" as the condition. This will trigger an alert whenever any of your enabled alert types fires.
PERFORMANCE AND DESIGN CONSIDERATIONS:
🔹Lower-timeframe data handling
Some components of the S9 Toolkit rely on lower-timeframe data to provide more granular volume and structural insight. These requests are handled explicitly and conservatively to avoid excessive data usage or performance degradation. Lower-timeframe logic is applied only where it meaningfully enhances analysis, and safeguards are in place to prevent unnecessary recalculation.
🔹Object limits and performance safeguards
The toolkit actively manages drawing objects such as zones, lines, and profiles to remain within TradingView’s object limits. Older or less relevant objects can be pruned, merged, or visually downgraded to preserve chart performance. This ensures stability even when multiple components are enabled simultaneously.
🔹Non-repainting and confirmation logic
All calculations in the S9 Toolkit are based on confirmed historical data. No component relies on future bars or retroactive adjustment. Structural elements update only when confirmation conditions are met, ensuring that historical analysis remains consistent with real-time behavior. This design principle allows traders to trust that what they see on the chart reflects what was available at the time.
UNIQUENESS:
The S9 Toolkit focuses on contextual analysis by organizing price, volume, and structure into layered components that operate together rather than as isolated signals. It combines volumetric support and resistance zones with internal volume breakdowns, trendline structure, engulfing candlestick detection, session-based volume profiling, and swing structure tracking in a single visual layout. Unlike indicators that focus on one technique at a time, each component in the S9 Toolkit is designed to coexist without overriding the others, allowing traders to observe alignment, disagreement, and transitions in market conditions within the same chart view.
OutsiderEdge – Node Breach Engine (NBE)Overview – What is the Node Breach Engine (NBE)?
NBE is a swing/session volume-profile engine that builds profiles between pivots (or per session), tracks closed & developing POC, and prints breach signals when price challenges the control node. It quantifies node strength, buy/sell composition (CVD) at the POC and the entire profile, Value Area levels (VAH/VAL), VWAP distance, time at price, and introduces a PoV (Point of Void; the LVN located inside the Value Area): to highlight low-participation corridors where rotations or rejections often form. A lightweight EMA smoothed trend can optionally filter signals by prevailing bias.
Use it to answer fast: How strong is this node? Is the profile buy- or sell-led? Are we accepting/rejecting control? Is the developing POC migrating? Is the VA’s LVN (PoV) about to rotate back to POC or reject?
🔹 FEATURES
Volume Profile Core (Swing or Session)
Build pivot-to-pivot or session profiles with configurable row density and Value Area %.
Draw VAH/VAL with optional VA fill and optional profile window background.
Control Node (POC) – Closed & Developing
Closed POC highlighted on finished windows.
Developing POC path stitched bar-by-bar on the active segment (visual migration of control).
Optional POC row highlight and extend-until-touch behavior.
PoV – Point of Void
Detects the lowest-volume row within the current VA band (between VAL and VAH).
Plots a PoV anchor/line you can use as a rotation target or rejection boundary:
Rotations: VAH ↔ PoV (LVN) ↔ POC ↔ VAL.
Rejections: Thin participation at PoV often flips acceptance back toward POC.
Works alongside POC/VA to map acceptance vs. rejection with finer granularity than a single control node.
Node Context Tooltip (Deep Dive)
Compact tooltips on closed profiles: POC price, Node Strength % (POC/Total), CVD split (Buy%/Sell%), VWAP distance %, bars at price.
Profile Buy/Sell Overview (Stacked Bars)
Two stacked horizontal bars (Buy ▲ / Sell ▼) whose width matches the histogram and thickness is configurable.
Auto-placed above or below the profile using swing H/L logic.
Available for closed and developing profiles.
CVD at POC and Full-Profile
Quick labels for Buy% / Sell% at the POC.
Stacked bars summarize full-profile pressure at a glance.
Trend Context
Gradient EMA base vs. smoothed EMA wave for bull/bear bias.
Filter signals to trend direction (only ▲ in uptrend, only ▼ in downtrend).
Breach Signals with Practical Filters
Signals print when price touches/rejects the POC.
Filters: rejection close, ATR momentum guard, wick confirmation, ± margin tolerance, session time filter.
One-shot per bar; coded with object-limit hygiene.
Swing % Change Labels
Small labels at swing H/L showing % move across the last swing window.
Alerts
POC Breach Signal alert for automation/notifications.
🔹 USAGE
In the examples below, you see chart snapshot with labeled alerts/points of POV and POC rejections.
1 — Bearish POC Rejection (▼)
Price tags POC and closes below; ATR guard; EMA wave is bearish. Treat as trend-aligned continuation, reversals or risk tighten on longs.
2 — Bearish POV (LVN) Rejection (▼)
Price probes POV and fails to accept; low participation at PoV flips acceptance. Useful for rotation setups or partials.
3 — Bullish POV Rejection (▲)
Price tags POV and closes above; ATR guard; EMA wave is bullish. Treat as trend-aligned continuation, reversals or risk tighten on shorts.
Treat every signal as context, not as a command. The edge comes from combining location (POC/VA/PoV) with pressure (Node Strength/CVD/VWAP distance) and your structure/timing rules.
🔹 NAVIGATING MARKET CONDITIONS
Trending markets
Expect POC drift with trend; breaches tend to follow-through. Favor trend-aligned breaches; use PoV and VA for add/trim decisions.
Ranges
Frequent VA rotations VAH ↔ PoV ↔ POC ↔ VAL. Fades can work with tight invalidation; lean on PoV to avoid fighting acceptance near POC.
Regime shifts
Repeated failed breaches, PoV rejections, and developing POC re-anchoring are early tells. Adjust filters (ATR guard, wick) and window density as volatility changes.
🔹 SETTINGS SUMMARY
Profile Type: Swing / Session
Window: Present (developing) or Closed Profiles
Rows, lookback cap, Value Area %, optional background
Show POC (closed/developing), POC row highlight
VAH/VAL visibility, optional VA fill
Enable PoV detection (LVN inside VA).
Style controls; optional display with VA/POC.
Rejection close, ATR × multiplier, Wick % threshold, ± Margin %, Session time (trade inside/skip inside)
Enable EMA wave; lengths & smoothing
Toggle CVD; thickness (rows); colors; label text
Swing % change, tooltips, color controls
POC and POV Breach Alerts
🔹 GOOD PRACTICES
Think location + pressure: POC/VA/POV (where) × Node Strength/CVD/VWAP distance (how strong).
Align with HTF structure and liquidity; let POC/POV/VA act as decision levels (initiate, add, reduce, invalidate).
Calibrate row density per symbol/TF; too coarse = blind spots, too fine = noise.
Keep filters honest—if you must loosen them to force a trade, the setup isn’t there.
🔹 LIMITATIONS / DISCLAIMER
NBE does not use lookahead and does not repaint, but no indicator guarantees outcomes.
Node Strength, CVD, PoV, and thresholds are contextual, not signals on their own.
Use independent validation, position sizing, and strict risk management.
Trading involves substantial risk. This tool is for educational purposes only and is not financial advice. Past performance does not guarantee future results. You are solely responsible for your trading decisions and risk management.
Release Notes
v1.1 — PoV (Point of Void) & Profile CVD Bars
Added PoV = LVN inside Value Area as a dedicated anchor/line.
Added stacked profile Buy/Sell bars for closed & developing profiles (width-matched, thickness configurable).
Improved developing VA line/fill updates and object cleanup.
v1.0 — Initial invite-only
Swing/Session profiles; VAH/VAL + optional VA fill
Closed POC highlight + Developing POC path
Node Context Tooltip (POC price, Node Strength, CVD, VWAP distance, bars at price)
EMA wave (trend filter) + breach filters (rejection, ATR guard, wick, time, ± margin)
POC Breach Signal alert & price-panel markers
YinYang TrendTrend Analysis has always been an important aspect of Trading. There are so many important types of Trend Analysis and many times it may be difficult to identify what to use; let alone if an Indicator can/should be used in conjunction with another. For these exact reasons, we decided to make YinYang Trend. It is a Trend Analysis Toolkit which features many New and many Well Known Trend Analysis Indicators. However, everything in there is added specifically for the reason that it may work well in conjunction with the other Indicators prevalent within. You may be wondering, why bother including common Trend Analysis, why not make everything unique? Ideally, we would, however, you need to remember Trend Analysis may be one of the most common forms of charting. Therefore, many other traders may be using similar Trend Analysis either through plotting manually or within other Indicators. This all boils down to Psychology; you are trading against other traders, who may be seeing some of the similar information you are, and therefore, you may likewise want to see this information. What affects their trading decisions may affect yours as well.
Now enough about Trend Analysis, what is within this Indicator, and what does it do? Well, first let’s quickly mention all of its components, then we will, through a Tutorial, discuss each individually and finally how each comes together as a cohesive whole. This Indicator features many aspects:
Bull and Bear Signals
Take Profit Signals
Bull and Bear Zones
Information Tables displaying: (Boom Meter, Bull/Bear Strength, Yin/Yang State)
16 Cipher Signals
Extremes
Pivots
Trend Lines
Custom Bollinger Bands
Boom Meter Bar Colors
True Value Zones
Bar Strength Indexes
Volume Profile
There are many things to cover within our Tutorial so let's get started, chronologically from the list above.
Tutorial:
Bull and Bear Signals:
We’ve zoomed out quite a bit for this example to help give you a broader aspect of how these Bull and Bear signals work. When a signal appears, it is displaying that there may be a large amount of Bullish or Bearish Trend Analysis occurring. These signals will remain in their state of Bull or Bear until there is enough momentum change that they change over. There are a couple Options within the Settings that dictate when/where/why these signals appear, and this example is using their default Settings of ‘Medium’. They are, Purchase Speed and Purchase Strength. Purchase Speed refers to how much Price Movement is needed for a signal to occur and Purchase Strength refers to how many verifications are required for a signal to occur. For instance:
'High' uses 15 verifications to ensure signal strength.
'Medium' uses 10 verifications to ensure signal strength.
'Low' uses 5 verifications to ensure signal strength.
'Very Low' uses 3 verifications to ensure signal strength.
By default it is set to Medium (10 verifications). This means each verification is worth 10%. The verifications used are also relevant to the Purchase Speed; meaning they will be verified faster or slower depending on its speed setting. You may find that Faster Speeds and Lower Verifications may work better on Higher Time Frames; and Slower Speeds and Higher Verifications may work better on Lower Time Frames.
We will demonstrate a few examples as to how the Speed and Strength Settings work, and why it may be beneficial to adjust based on the Time Frame you’re on:
In this example above, we’ve kept the same Time Frame (1 Day), and scope; but we’ve changed Purchase Speed from Medium->Fast and Purchase Strength from Medium-Very Low. As you can see, it now generates quite a few more signals. The Speed and Strength settings that you use will likely be based on your trading style / strategy. Are you someone who likes to stay in trades longer or do you like to swing trade daily? Likewise, how do you go about identifying your Entry / Exit locations; do you start on the 1 Day for confirmation, then move to the 15/5 minute for your entry / exit? How you trade may determine which Speed and Strength settings work right for you. Let's jump to a lower Time Frame now so you can see how it works on the 15/5 minute.
Above is what BTC/USDT looks like on the 15 Minute Time Frame with Purchase Speed and Strength set to Medium. You may note that the signals require a certain amount of movement before they get started. This is normal with Medium and the amount of movement is generally dictated by the Time Frame. You may choose to use Medium on a Lower Time Frame as it may work well, but it may also be best to change it to a little slower.
We are still on the 15 Minute Time Frame here, however we simply changed Purchase Speed from Medium->Slow. As you can see, lots of the signals have been removed. Now signals may ‘hold their ground’ for much longer. It is important to adjust your Purchase Speed and Strength Settings to your Time Frame and personalized trading style accordingly.
Above we have now jumped down to the 5 Minute Time Frame. Our Purchase Speed is Slow and our Purchase Strength is Medium. We can see it looks pretty good, although there is some signal clustering going on in the middle there. If we change our Settings, we may be able to get rid of that.
We have changed our Purchase Speed from Slow->Snail (Slowest it can go) and Purchase Strength from Medium->Very Low (Lowest it can go). Changing it from Slow-Snail helped get rid of the signal clustering. You may be wondering why we lowered the Strength from Medium->Very Low, rather than going from Medium->High. This is a use case scenario and one you’ll need to decide for yourself, but we noticed when we changed the Speed from Slow->Snail that the signal clustering was gone, so then we checked both High and Very Low for Strengths to see which produced the best looking signal locations.
Please remember, you don’t have to use it the exact way we’ve displayed in this Tutorial. It is meant to be used to suit your Trading Style and Strategy. This is why we allow you to modify these settings, rather than just automating the change based on Time Frames. You’ll likely need to play around with it, as you’ll notice different settings may work better on certain pairs and Time Frames than others.
Take Profit Signals:
We’ve reset our Purchase Settings, everything is on defaults right now at Medium. We’ve enabled Take Profit signals. As you can see there are both Take Profit signals for the Bulls and the Bears. These signals are not meant to be used within automation. In fact, none of this indicator is. These signals are meant to show there has been a strong change in momentum, to such an extent that the signal may switch from its current (Bull or Bear) and now may be a good time to Take Profit. Your Take Profit Settings likewise has a Speed and Strength, and you can set them differently than your Purchase Settings. This is in case you want to Take Profit in a different manner than your Purchase Signals. For instance:
In the example above we’ve kept Purchase Strength and Speed at Medium but we changed our Take Profit Speed from Medium->Snail and our Take Profit Strength from medium->Very Low. This greatly reduces the amount of Take Profit signals, and in some cases, none are even produced. This form of Take Profit may act more as a Trailing Take Profit that if it’s not hit, nothing appears.
In this example we have changed our Purchase Speed from Medium->Fast, our Purchase Strength from Medium->Very Low. We’ve also changed our Take Profit Speed from Snail->Medium and kept our Take Profit Strength on Very Low. Now we may get our signals quicker and likewise our Take Profit may be more rare. There are many different ways you can set up your Purchase and Take Profit Settings to fit your Trading Style / Strategy.
Bull and Bear Zones:
We have disabled our Take Profit locations so that you can see the Bull and Bear Zones. These zones change color when the Signals switch. They may represent some strong Support and Resistance locations, but more importantly may be useful for visualizing changes in momentum and consolidation. These zones allow you to see various Moving Averages; and when they start to ‘fold’ (cross) each other you may see changes in momentum. Whereas, when they’re fully stretched out and moving all in the same direction, it can provide insight that the current rally may be strong. There is also the case where they look like they’re ‘twisted’ together. This happens when all of the Moving Averages are very close together and may be a sign of Consolidation. We will go over a few examples of each of these scenarios so you can understand what we’re referring to.
In this example above, there are a few different things happening. First we have the yellow circle, where the final and slowest Moving Average (MA) crossed over and now all of the MA’s that form the zone are Bullish. You can see this in the white circle where there are no MA’s that are crossing each other. Lastly, within the blue circle, we can see how some of the faster MA’s are crossing under each other. This is a bullish momentum change. The Faster moving MA’s will always be the first ones to cross before the Slower ones do. There is a color scheme in place here to represent the Speed of the MA within the Zone. Light blue is the fastest moving Bull color -> Light Green and finally -> Dark Green. Yellow is the fastest moving Bear color -> Orange and finally -> Red / Dark Red within the Zone.
Next we will review a couple different examples of what Consolidation looks like and why it is very important to look out for. Consolidation is when Most, if not All of the MA’s are very tightly ‘twisted’ together. There is very little spacing between almost all of the MA’s in the example above; highlighted by the white circle. Consolidation is important as it may indicate a strong price movement in either direction will occur soon. When the price is consolidating it means it has had very little upwards or downwards movement recently. When this happens for long enough, MA’s may all get very similar in value. This may cause high volatility as the price tries to break out of Consolidation. Let's look at another example.
Above we have two more examples of what Consolidation looks like and how high Volatility may occur after the Consolidation is broken. Please note, not all Consolidation will create high Volatility but it is something you may want to look out for.
Information Tables displaying: (Boom Meter, Bull/Bear Strength, Yin/Yang State):
Information tables are a very important way of displaying information. It contains 3 crucial pieces of information:
Boom Meter
Bull/Bear Strength
Yin/Yang State
Boom Meter is a meter that goes from 0-100% and displays whether the current price is Dumping (0 - 29%), Consolidating (30 - 70%) or Pumping (71 - 100%). The Boom Meter is meant to be a Gauge to how the price is currently fairing. It is composed of ~50 different calculations that all vary different weights to calculate its %. Many of the calculations it uses are likewise used in other things, such as the Bull/Bear Strength, Bull/Bear Zone MA cross’, Yin/Yang State, Market Cipher Signals, RSI, Volume and a few others. The Boom Meter, although not meant to be used solely to make purchase decisions, may give you a good idea of current market conditions considering how many different things it evaluates.
Bull/Bear Strength is relevant to your Purchase Speed and Strength. It displays which state it is currently in, and the % it is within that state. When a % hits 0, is when the state changes. When states change, they always start at 100% initially and will go down at the rate of Purchase Strength (how many verifications are needed). For instance, if your Purchase Strength is set to ‘Medium’ it will move 10% per verification +/-, if it is set to High, it will move 6.67% per verification +/-. Bull/Bear Strength is a good indicator of how well that current state is fairing. For instance if you started a Long when the state changed to Bull and now it is currently at Bull with 20% left, that may be a good indication it is time to get out (obviously refer to other data as well, but it may be a good way to know that the state is 20% away from transitioning to Bear).
Yin/Yang State is the strongest MA cross within our Indicator. It is unique in the sense that it is slow to change, but not so much that it moves slowly. It isn’t as simple as say a Golden/Death Cross (50/200), but it crosses more often and may hold similar weight as it. Yin stands for Negative (Bearish) and Yang stands for Positive (Bullish). The price will always be in either a state of Yin or Yang, and just because it is in one, doesn’t mean the price can’t/won’t move in the opposite direction; it simply means the price may be favoring the state it is in.
16 Cipher Signals:
Cipher Signals are key visuals of MA cross’ that may represent price movement and momentum. It would be too confusing and hard to decipher these MA’s as lines on a chart, and therefore we decided to use signals in the form of symbols instead. There are 12 Standard and 4 Predictive/Confirming Cipher signals. The Standard Cipher signals are composed of 6 Bullish and 6 Bearish (they all have opposites that balance each other out). There can never be 2 of the same signal in a row, as the Bull and Bear cancel each other out and it's always in a state of one or the other. When all 6 Bullish or Bearish signals appear in a row, very closely together, without any of the opposing signals it may represent a strong momentum movement is about to occur.
If you refer to the example above, you’ll see that the 6 Bullish Cipher signals appeared exactly as mentioned above. Shortly after the Green Circle appeared, there was a large spike in price movement in favor of the Bulls. Cipher signals don’t need to appear in a cluster exactly like the white circle in this photo for momentum to occur, but when it does, it may represent volatility more than if it is broken up with opposing signals or spaced out over a longer time span.
Above is an example of the opposite, where all 6 Bearish Cipher signals appeared together without being broken by a Bullish Cipher signal or being too far spaced out. As you can see, even though past it there was a few Bullish signals, they were quickly reversed back to Bearish before a large price movement occurred in favor of the Bears.
In the example above we’ve changed Cipher signals to Predictive and Confirming. Support Crosses (Green +) and Blood Diamonds (Red ♦) are the normal Cipher Signals that appear within the Standard Set. They are the first Cipher Signal that appears and are the most common ones as well. However, just because they are the first, that doesn’t mean they aren’t a powerful Cipher signal. For this reason, there are Predictive and Confirming Cipher signals for these. The Predictive do just that, they appear slightly sooner (if not the same bar) as the regular and the Confirming appear later (1+ bars usually). There will be times that the Predictive appears, but it doesn’t resort to the Regular appearing, or the Regular appears and the Confirming doesn’t. This is normal behavior and also the purpose of them. They are meant to be an indication of IF they may appear soon and IF the regular was indeed a valid signal.
Extremes:
Extremes are MA’s that have a very large length. They are useful for seeing Cross’ and Support and Resistance over a long period of time. However, because they are so long and slow moving, they might not always be relevant. It’s usually advised to turn them on, see if any are close to the current price point, and if they aren’t to turn them off. The main reason being is they stretch out the chart too much if they’re too far away and they also may not be relevant at that point.
When they are close to the price however, they may act as strong Support and Resistance locations as circled in the example above.
Pivots:
Pivots are used to help identify key Support and Resistance locations. They adjust on their own in an attempt to keep their locations as relevant as possible and likewise will adjust when the price pushes their current bounds. They may be useful for seeing when the Price is currently testing their level as this may represent Overbought or Oversold. Keep in mind, just because the price is testing their levels doesn’t mean it will correct; sometimes with high volatility or geopolitical news, movement may continue even if it is exhibiting Overbought or Oversold traits. Pivots may also be useful for seeing how far the price may correct to, giving you a benchmark for potential Take Profit and Stop Loss locations.
Trend Lines:
Trend Lines may be useful for identifying Support and Resistance locations on the Vertical. Trend Lines may form many different patterns, such as Pennants, Channels, Flags and Wedges. These formations may help predict and drive the price in specific directions. Many traders draw or use Indicators to help create Trend Lines to visualize where these formations will be and they may be very useful alone even for identifying possible Support and Resistance locations.
If you refer to the previous example, and now to this example, you’ll notice that the Trend Line that supported it in 2023 was actually created in June 2020 (yellow circle). Trend Lines may be crucial for identifying Support and Resistance locations on the Vertical that may withhold over time.
Custom Bollinger Bands:
Bollinger Bands are used to help see Movement vs Consolidation Zones (When it's wide vs narrow). It's also very useful for seeing where the correction areas may be. Price may bounce between top and bottom of the Bollinger Bands, unless in a pump or dump. The Boom Meter will show you whether it is currently: Dumping, Consolidation or Pumping. If combined with Boom Meter Bar Colors it may be a good indication if it will break the Bollinger Band (go outside of it). The Middle Line of the Bollinger Band (White Line) may be a very strong support / resistance location. If the price closes above or below it, it may be a good indication of the trend changing (it may indicate one of the first stages to a pump or dump). The color of the Bollinger Bands change based on if it is within a Bull or Bear Zone.
What makes this Bollinger Band special is not only that it uses a custom multiplier, but it also incorporates volume to help add weight to the calculation.
Boom Meter Bar Colors:
Boom Meter Bar Colors are a way to see potential Overbought and Oversold locations on a per bar basis. There are 6 different colors within the Boom Meter bar colors. You have:
Overbought and Very Bullish = Dark Green
Overbought and Slightly Bullish = Light Green
Overbought and Slight Bearish = Light Red
Oversold and Very Bearish = Dark Red
Oversold and Slightly Bearish = Orange
Oversold and Slightly Bullish = Light Purple
When there is no Boom Meter Bar Color prevalent there won’t be a color change within the bar at all.
Just because there is a Boom Meter Bar Color change doesn’t mean you should act on it purchase or sell wise, but it may be an indication as to how that bar is fairing in an Overbought / Oversold perspective. Boom Meter Bar Colors are mainly based on RSI but do take in other factors like price movement to determine if it is Overbought or Oversold. When it comes to Boom Meter Bar Color, you should take it as it is, in the sense that it may be useful for seeing how Individual bars are fairing, but also note that there may be things such as:
When there is Very Overbought (Dark Green) or Very Oversold (Dark Red), during massive pump or dumps, it will maintain this color. However, once it has lost ‘some’ momentum it will likely lose this color.
When there has been a massive Pump or Dump, and there is likewise a light purple or light red, this may mean there is a correction or consolidation incoming.
True Value Zones:
True Value zones are our custom way of displaying something that is similar to a Bollinger Band that can likewise twist like an MA cross. The main purpose of it is to display where the price may reside within. Much like a Bollinger Band it has its High and Low within its zone to specify this location. Since it has the ability to cross over and under, it has the ability to specify what it thinks may be a Bullish or Bearish zone. This zone uses its upper level to display what may be a Resistance location and its lower level to display what may be a Support location. These Support and Resistance locations are based on Momentum and will move with the price in an attempt to stay relevant.
You may use these True Values zones as a gauge of if the price is Overbought or Oversold. When the price faces high volatility and moves outside of the True Value Zones, it may face consolidation or likewise a correction to bring it back within these zones. These zones may act as a guideline towards where the price is currently valued at and may belong within.
Bar Strength Indexes:
Bar Strength Indexes are our way of ranking each bar in correlation to the last few. It is based on a few things but is highly influenced on Open/Close/High/Low, Volume and how the price has moved recently. They may attempt to ‘rate’ each bar and how Bullish/Bearish each of these bars are. The Green number under the bar is its Bullish % and the Red number above the bar is its Bearish %. These %’s will always equal 100% when combined together. Bar Strength Indexes may be useful for seeing when either Bullish or Bearish momentum is picking up or when there may be a reversal / consolidation.
These Bar Strength Indexes may allow you to decipher different states. If you refer to the example above, you may notice how based on how the numbers are changing, you may see when it has entered / exited Bullish, Bearish and Consolidation. Likewise, if you refer to the current bar (yellow circle), you can see that the Bullish % has dropped from 93 to 49; this may be signifying that the Bullish movement is losing momentum. You may use these changes in Bar Indexes as a guide to when to enter / end trades.
Volume Profile:
Volume Profile has been something that has been within TradingView for quite some time. It is a very useful way of seeing at what Horizontal Price there has been the most volume. This may be very useful for seeing not only Support and Resistance locations based on Volume, but also seeing where the majority of Limit Orders are placed. Limit Orders are where traders decide they want to either Buy / Sell but have the order placed so the trade won’t happen until the price reaches a certain amount. Either through many orders from many traders, or a single order from a ‘Whale’ (trader with a lot of capital); you may see Support and Resistance at specific Price Points that have large Volume.
Many Volume Profile Indicators feature a breakdown of all the different locations of volume, along with a Point Of Control (POC) line to designate where the most Volume has been. To try and reduce clutter within our already very saturated Toolkit Indicator, we’ve decided to strip our Volume Profile to only display this POC line. This may allow you to see where the crucial Volume Support and Resistance is without all of the clutter.
You may be wondering, well how important is this Volume Profile POC line and how do I go about using it? Aside from it being a gauge towards where Support and Resistance may be within Volume, it may also be useful for identifying good Long/Short locations. If you think of the line as a ‘Battle’ between the Bulls and Bears, they’re both fighting over that line. The Bears are wanting to break through it downwards, and the Bulls are wanting to break through it upwards. When one side has temporarily won this battle, this means they may have more Capital to push the price in their direction. For instance, if both the Bulls and the Bears are fighting over this POC price, that means the Bears think that price is a good spot to sell; however, the Bulls also deem that price to be a good point to buy. If the Bulls were to win this battle, that means the Bears either canceled their orders to reevaluate, or all of their orders have been completed from the Bulls buying them all. What may happen after that is, if the Bulls were able to purchase all of these Limit Sell Orders, then they may still have more Capital left to continue to pressure the price upwards. The same may be true for if the Bears were to win this ‘Battle’.
How to use YinYang Trend as a cohesive whole:
Hopefully you’ve read and understand how each aspect of this Indicator works on its own, as knowing how/what they each do is important to understanding how it is used as a cohesive whole. Due to the fact that this Toolkit of an Indicator displays so much data, you may find it easier to use and understand when you’re zoomed in a little, somewhat like we are in this example above.
If we refer to the example above, you may like us, deduce a few things:
1. The current price may be VERY Overbought. This may be seen by a few different things:
The Boom Meter Bar Colors have been exhibiting a Dark Green color for 6 bars in a row.
The price has continuously been moving the High (red) Pivot Upwards.
Our Boom Meter displays ‘Pumping’ at 100%.
The price broke through a Downward Trend Line that was created in February of 2022 at 45,000 like it was nothing.
The Bar Strength Index hit a Bullish value of 93%.
The Price broke out of the Bollinger Bands and continues to test its upper levels.
The Low is much greater than our fastest moving MA that creates the Purchase Zones.
The Price is vastly outside of the True Value Zone.
The Bar Strength Index of our current bar is 50% bullish, which is a massive decrease from the previous bar of 93%. This may indicate that a correction is coming soon.
2. Since we’ve identified the current price may be VERY Overbought, next we need to identify if/when/to where it may correct to:
We’ve created a new example here to display potential correction areas. There are a few places it has the ability to correct to / within:
The downward Trend Line (red) below the current bar sitting currently at 32,750. This downward Trend Line is at the same price point as the Fastest MA of our Purchase Zone which may provide some decent Support there.
Between two crucial Pivot heights, within a zone of 30,000 to 31,815. This zone has the second fastest MA from the Purchase Zone right near the middle of it at 31,200 which may act as a Support within the Zone. Likewise there is the Bollinger Band Basis which is also resting at 30,000 which may provide a strong Support location here.
If 30,000 fails there may be a correction all the way to the bottom of our True Value Zone and the top of one of our Extremes at 27,850.
If 27,850 fails it may correct all the way to the bottom of our Purchase Zone / lowest of our Extremes at 27,350.
If all of the above fails, it may test our Volume Profile POC of 26,430. If this POC fails, the trend may switch to Bearish and continue further down to lower levels of Support.
The price can always correct more than the prices mentioned above, but considering overall this Indicator is favoring the Bulls, we will tailor this analysis in Favor of the Bullish Momentum maintaining even during this correction. For these reasons, we think the price may correct between the 30,000 and 31,815 zone before continuing upwards and maintaining this Bullish Momentum.
Please note, these correction estimates are just that, they’re estimates. Aside from the fact that the price is very overbought right now and our Bar Strength Index may be declining (bar hasn’t closed yet); the Boom Meter Strength remains at 100%, meaning there may not be much Bearish momentum changes happening yet. We just want to show you how an Preemptive analysis may be done before there are even Bearish Cipher Signals appearing.
Using this Indicator, you may be able to decipher Entry and Exits. In the previous example, we went over how you may use it to see where a correction (Exit / Take Profit) may be and how far this correction may go. In this example above we will be discussing how to identify Entry locations. We will be discussing a Bullish Buy entry but the same rules apply for a Bearish Sell Entry just the opposite with the Cipher Signals.
If you refer to where we circled in white, this is where the Purchase Zones faced Consolidation. When the Purchase Zones all get tight and close together like that, this may represent Volatility and Momentum in either direction may occur soon.
This was then followed by all 6 of the Standard Cipher Signals closely in succession to each other. This means the Momentum may be favoring the Bulls. If this was likewise all 6 of the Bearish Cipher Signals closely in succession, than the momentum change would favor the Bears.
If you were looking for an entry, and you saw Consolidation with the Purchase Zones and then shortly after you saw the Green Circle and Blue Flag (they can swap order); this may now be a good Entry location.
We will conclude this Tutorial here. Hopefully this has taught you how this Trend Analysis Toolkit may help you locate multiple different types of important Support and Resistance locations; as well as possible Entry and Exit locations.
Settings:
1. Bull/Bear Zones:
1.1. Purchase Speed (Bull/Bear Signals and Take Profit Signals):
Speed determines how much price movement is needed for a signal to occur.
'Sonic' uses the extremities to try and get you the best entry and exit points, but is so quick, its speed may reduce accuracy.
'Fast' may attempt to capitalize on price movements to help you get SOME or attempt to lose LITTLE quickly.
'Medium' may attempt to get you the most optimal entry and exit locations, but may miss extremities.
'Slow' may stay in trades until it is clear that momentum has changed.
'Snail' may stay in trades even if momentum has changed. Snail may only change when the price has moved significantly (This may result in BIG gains, but potentially also BIG losses).
1.2. Purchase Strength (Bull/Bear Signals and Take Profit Signals):
Strength ensures a certain amount of verifications required for signals to happen. The more verifications the more accurate that signal is, but it may also change entry and exit points, and you may miss out on some of the extremities. It is highly advised to find the best combination between Speed and Strength for the TimeFrame and Pair you are trading in, as all pairs and TimeFrames move differently.
'High' uses 15 verifications to ensure signal strength.
'Medium' uses 10 verifications to ensure signal strength.
'Low' uses 5 verifications to ensure signal strength.
'Very Low' uses 3 verifications to ensure signal strength.
2. Cipher Signals:
Cipher Signals are very strong EMA and SMA crosses, which may drastically help visualize movement and help you to predict where the price will go. All Symbols have counter opposites that cancel each other out (YinYang). Here is a list, in order of general appearance and strength:
White Cross / Diamond (Predictive): The initial indicator showing trend movement.
Green Cross / Diamond (Regular): Confirms the Predictive and may add a fair bit of strength to trend movement.
Blue Cross / Diamond (Confirming): Confirms the Regular, showing the trend might have some decent momentum now.
Green / Red X: Gives momentum to the current trend direction, possibly confirming the Confirming Cross/Diamond.
Blue / Orange Triangle: may confirm the X, Possible pump / dump of decent size may be coming soon.
Green / Red Circle: EITHER confirms the Triangle and may mean big pump / dump is potentially coming, OR it just hit its peak and signifies a potential reversal correction. PAY ATTENTION!
Green / Red Flag: Oddball that helps confirm trend movements on the short term.
Blue / Yellow Flag: Oddball that helps confirm trend movements on the medium term (Yin / Yang is the long term Oddball).
3. Bull/Bear Signals:
Bear and Bull signals are where the momentum has changed enough based on your Purchase Speed and Strength. They generally represent strong price movement in the direction of the signal, and may be more reliable on higher TimeFrames. Please don’t use JUST these signals for analysis, they are only meant to be a fraction of the important data you are using to make your technical analysis.
4. Take Profit Signals:
Take Profit signals are guidelines that momentum has started to change back and now may be a good time to take profit. Your Take Profit signals are based on your Take Profit Speed and Strength and may be adjusted to fit your trading style.
5. Information Tables:
Information tables display very important data and help to declutter the screen as they are much less intrusive compared to labels. Our Information tables display: Boom Meter, Purchase Strength of Bull/Bear Zones and Yin/Yang State.
Boom Meter: Uses over 50 different calculations to determine if the pair is currently 'Dumping' (0-29%), 'Consolidating' (30-70%), or 'Pumping' (71-100%).
Bull / Bear Strength: Shows the strength of the current Bull / Bear signal from 0-100% (Signals start at 100% and change when they hit 0%). The % it moves up or down is based on your 'Purchase Strength'.
Yin / Yang state: Is one of the strongest EMA/SMA crosses (long term Oddball) within this Indicator and may be a great indication of which way the price is moving. Do keep in mind if the price is consolidating when changing state, it may have the highest chance of switching back also. Once momentum kicks in and there is price movement the state may be confirmed. Refer to other Cipher Symbols, Extremes, Trend, BOLL, Boom %, Bull / Bear % and Bar colors when Bull / Bear Zones are consolidating and Yin / Yang State changes as this is a very strong indecision zone.
6. Bull / Bear Zones:
Our Bull / Bear zones are composed of 8 very important EMA lengths that may act as not only Support and Resistance, but they help to potentially display consolidation and momentum change. You can tell when they are getting tight and close together it may represent consolidation and when they start to flip over on each other it may represent a change in momentum.
7. MA Extremes:
Our MA Extremes may be 3 of the most important long term moving averages. They don’t always play a role in trades as sometimes they’re way off from the price (cause they’re extreme lengths), but when they are around price or they cross under or over each other, it may represent large changes in price are about to occur. They may be very useful for seeing strong resistance / support locations based on price averages. Extremes may transition from a Support to a Resistance based on its position above or below them and how many times the price has either bounced up off them (Supporting) or Bounced back down after hitting them (Resistance).
8. Pivots:
Pivots may be a very important indicator of support and resistance for horizontal price movement. Pivots may represent the current strongest Support and Resistance. When the Pivot changes, it means a new strong Support or Resistance has been created. Sometimes you'll notice the price constantly pushes the pivot during a massive Pump or Dump. This is normal, and may indicate high levels of volatility. This generally also happens when the price is outside of the Bollinger Bands and is also Over or Undervalued. The price usually consolidates for a while after something like this happens before more drastic movement may occur.
9. Trend Lines:
Trend lines may be one of the best indicators of support and resistance for diagonal price movement. When a Trend Line fails to hold it may be a strong indication of a dump. Keep a close eye to where Upward and Downward Trend Lines meet. Trend lines can create different trading formations known as Pennants, Flags and Wedges. Please familiarize yourself with these formations So you know what to look for.
10. Bollinger Bands (BOLL):
Bollinger Bands may be very useful, and ours have been customized so they may be even more accurate by using a modified calculation that also incorporates volume.
Bollinger Bands may be used to see Movement vs Consolidation Zones (When it’s wide vs narrow). It also may be very useful for seeing where the correction areas are likely to be. Price may bounce between top and bottom of the BOLL, unless perhaps in a pump or dump. The Boom Meter may show you whether it is currently: Dumping, Consolidation or Pumping, along with Boom Meter Bar Colors, may be a good indication if it will break the BOLL. The Middle Line of the BOLL (White Line) may be a very strong support / resistance line. If the price closes above or below it, it may be a good indication of the trend changing (it may be one of the first stages to a pump or dump).
11. Boom Meter Bar Colors:
Boom Meter bar colors may be very useful for seeing when the bar is Overbought or Underbought. There are 6 different types of boom meter bar colors, they are:
Dark Green: RSI may be very Overbought and price going UP (May be in a big pump. NOTICE, chance of small dump correction if Cherry Red bar appears).
Light Green: RSI may be slightly Overbought and price going UP (chance of small pump).
Light Purple: RSI may be very Underbought and price going UP (May have chance of small correction).
Dark Red: RSI may be very Underbought and price going DOWN (May be in a big dump. NOTICE, chance of small pump correction if Light Purple bar appears).
Light Orange: RSI may be slightly Underbought and price going DOWN (chance of small dump).
Cherry Red: RSI may be very Overbought and price going DOWN (Chance of small correction).
12. True Value Zone:
True Value Zones display zones that represent ranges to show what the price may truly belong within. They may be very useful for knowing if the Price is currently not valued correctly, which generally means a correction may happen soon. True Value Zones can swap from Bullish to Bearish and are represented by Red for Bearish and Green for Bullish. For example, if the price is ABOVE and OUTSIDE of the True Value Zone, this means it may be very overvalued and might correct to go back inside the True Value Zone. This correction may be done by either dumping in price back into the zone, or consolidating horizontally back into it over a longer period of time. Vice Versa is also true if it is BELOW and OUTSIDE of the True Value Zone.
13. Bar Strength Index:
Bar Strength Index may display how Bullish/Bearish the current bar is. The strength is important to help see if a pump may be losing momentum or vice versa if a dump may correct. Keep in mind, the Bar Strength Index does a small 'refresh' to account for new bars. It may help to keep the Index more accurate.
14. Volume Profile:
Volume Profiles may be important to know where the Horizontal Support/Resistance is in Price base on Volume. Our Volume Profile may identify the point where the most volume has occurred within the most relevant timeframe. Volume Profiles are helpful at identifying where Whales have their orders placed. The reason why they are so helpful at identifying whales is when the volume is profiled to a specific area, there may likely be lots of Limit Buy and/or Sells around there. Limit Buys may act as Support and Limit Sells may act as Resistance. It may be very useful to know where these lie within the price, similar to looking at Order Book Data for Whale locations.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
Volume Flow Anatomy [Kodexius]Volume Flow Anatomy is a dynamic, multi-dimensional volume map that reconstructs how buy, sell, and “stealth” activity is distributed across price rather than just across time. Instead of relying on a static, session-based volume profile, it uses an exponentially decaying memory of recent bars to build a constantly evolving “anatomy” of the auction, where each price level carries an adaptive history of order flow.
The script separates buy vs. sell pressure, adds a third “Stealth Flow” dimension for low-volume price movement (ease of movement / divergence), and automatically derives POC, Value Area, imbalances, absorption zones, and classic profile shapes (D, P, b, B). This gives the trader a compact but highly information-dense map on the right side of the chart to read control (buyers vs. sellers), structure (balanced vs. trending vs. double distribution), and key reaction levels (support/resistance born from flow, not just wicks).
🔹 Features
🔸 Dynamic Lookback with Decay
- The script computes an effective lookback N from the Decay Factor and caps it with Max Lookback.
- Higher decay keeps more history; lower decay emphasizes the most recent flow.
- The profile continuously adapts as new bars are printed.
🔸 Price-Bucketed Flow Map
Each bucket accumulates:
- Sell Flow (sell pressure)
- Buy Flow (buy pressure)
- Stealth Flow (low-volume price movement)
- Box width at each bucket is proportional to the relative intensity of that component.
🔸 Stealth Flow (Low-Volume Price Movement)
- Measures close to close movement relative to volume, emphasizing price movement that occurs on comparatively low volume.
- Helps reveal hidden participation, inefficient moves, and areas that may be vulnerable to re-tests or reversions.
🔸 POC & 70% Value Area (VA)
- Identifies the Point of Control (price bucket with the highest total volume) over the effective lookback.
- Builds a 70% Value Area by expanding from POC towards the nearest high volume neighbors until 70% of the total volume is included.
- POC is drawn as a line over the analyzed range; VA is displayed as a shaded band in the profile area.
🔸 Market Profile Shape Detection
Splits the profile vertically into three zones (bottom / middle / top) and compares their volume distribution.
Classifies structure as:
- D-Shape (Balanced)
- P-Shape (Short Covering)
- b-Shape (Long Liquidation)
- B-Shape (Double Distribution)
Displays a shape label with color coded bias for quick auction context interpretation.
🔸 Imbalance Zones & Absorption
Imbalance: detects buckets where Buy Flow or Sell Flow exceeds the opposite side by at least Imbalance Ratio.
Absorption: flags zones with high volume but low price “ease”, where price is not moving much despite significant volume.
Extends these levels into horizontal zones, marking potential support/resistance and trap areas.
Bullish Imbalance Zone :
Bearish Imbalance Zone :
Absorption Zone :
🔸 Range Context & On-Chart Legend
Draws a Range Box covering the dynamically determined lookback (N bars), with a label displaying the effective bar count.
A bottom-right legend summarizes:
- Color keys for Buy / Sell / Stealth
- POC / VA status
- Bullish vs. Bearish dominance percentage
- Profile shape classification
- Imbalance and Absorption conventions
🔹 Calculations
1. Dynamic Lookback & Price Buckets
int N = math.min(int(4 / (1 - decayFactor) - 1), maxHistory)
float priceHigh = ta.highest(high, N)
float priceLow = ta.lowest(low, N)
float bucketSize = (priceHigh - priceLow) / bucketCount
The effective lookback N is derived from the Decay Factor, using the approximation 4 / (1 - decay) to capture roughly 99% of the decayed influence, then capped with maxHistory to control performance. Over that adaptive range, the script finds the highest and lowest prices and divides the band into bucketCount equal slices (bucketSize). Each slice is a price bucket that will accumulate volume-flow information.
2. Exponentially Decayed Volume Allocation
addValue(array profile, float weight, float minPrice, float maxPrice) =>
for j = 0 to bucketCount - 1
float bucketMin = priceLow + j * bucketSize
float bucketMax = bucketMin + bucketSize
float overlapMin = math.max(minPrice, bucketMin)
float overlapMax = math.min(maxPrice, bucketMax)
float overlapRange = overlapMax - overlapMin
if overlapRange > 0
profile.set(j, profile.get(j) * decayFactor + weight * overlapRange)
This function is the core engine of the indicator. For a given price span and intensity, it checks every bucket for overlap, distributes the weight proportionally to the overlapping range, and before adding new value, decays the existing bucket content by decayFactor. This results in an exponentially weighted profile: recent activity dominates, while older levels retain a gradually fading footprint.
3. POC and 70% Value Area
array totalProfile = array.new(bucketCount, 0)
for j = 0 to bucketCount - 1
float total = sellProfile.get(j) + buyProfile.get(j)
totalProfile.set(j, total)
if total > eaMax
eaMax := total
int pocIdx = 0
float pocVal = 0.0
for j = 0 to bucketCount - 1
if totalProfile.get(j) > pocVal
pocVal := totalProfile.get(j)
pocIdx := j
float totalSum = totalProfile.sum()
float targetSum = totalSum * 0.70
int vaLow = pocIdx
int vaHigh = pocIdx
float currentSum = pocVal
while currentSum < targetSum and (vaLow > 0 or vaHigh < bucketCount - 1)
float lowVal = vaLow > 0 ? totalProfile.get(vaLow - 1) : 0.0
float highVal = vaHigh < bucketCount - 1 ? totalProfile.get(vaHigh + 1) : 0.0
First, totalProfile is built as the sum of buy and sell flow per bucket, and eaMax (the maximum total) is tracked for later normalization. The POC bucket (pocIdx) is simply the index with the highest totalProfile value.
To compute the 70% Value Area, the algorithm starts at the POC bucket and expands outward, each step adding either the upper or lower neighbor depending on which has more volume. This continues until the cumulative volume reaches 70% of totalSum. The result is a volume-driven VA, not necessarily symmetric around POC, which more accurately represents where the market has truly traded.
4. Market Profile Shape Classification
float volTopThird = 0.0
float volMidThird = 0.0
float volBotThird = 0.0
int thirdIdx = int(bucketCount / 3)
for j = 0 to bucketCount - 1
float val = totalProfile.get(j)
if j < thirdIdx
volBotThird += val
else if j < thirdIdx * 2
volMidThird += val
else
volTopThird += val
float totalVolShape = totalProfile.sum()
string shapeStr = "D-Shape (Balanced)"
if (volTopThird > totalVolShape * 0.20) and (volBotThird > totalVolShape * 0.20) and (volMidThird < totalVolShape * 0.50)
shapeStr := "B-Shape (Double Dist)"
else
if pocIdx > bucketCount * 0.5 and volTopThird > volBotThird * 1.3
shapeStr := "P-Shape (Short Covering)"
else if pocIdx < bucketCount * 0.5 and volBotThird > volTopThird * 1.3
shapeStr := "b-Shape (Long Liquidation)"
else
shapeStr := "D-Shape (Balanced)"
The profile is split into bottom, middle, and top thirds. The script compares how much volume is concentrated in each and combines that with the relative location of POC. If both extremes are heavy and the middle light, it labels a B-Shape (double distribution). If the POC is high and the top dominates the bottom, it’s a P-Shape (short covering). If the POC is low and the bottom dominates, it’s a b-Shape (long liquidation). Otherwise, it defaults to a D-Shape (balanced). This provides a quick, at-a-glance assessment of auction structure.
5. Imbalances, Absorption & Zones
bool isBuyImb = showImb and sVal > 0 and (bVal / sVal >= imbRatio)
bool isSellImb = showImb and bVal > 0 and (sVal / bVal >= imbRatio)
float volRatio = eaMax > 0 ? tVal / eaMax : 0
float stRatio = esmRange > 0 ? (stVal - esmMin) / esmRange : 1.0
bool isAbsorp = showAbsorp and volRatio > 0.6 and stRatio < 0.25
if showImbZone
if isSellImb
zoneBoxes.push(box.new(bar_index - N + 1, bucketHi, bar_index + 1, bucketLo, ...))
if isBuyImb
zoneBoxes.push(box.new(bar_index - N + 1, bucketHi, bar_index + 1, bucketLo, ...))
if isAbsorp
zoneBoxes.push(box.new(bar_index - N + 1, bucketHi, bar_index + 1, bucketLo, ...))
Imbalances are identified where one side’s volume (buy or sell) exceeds the other by at least Imbalance Ratio. These buckets are marked as buy or sell imbalance zones, indicating aggressive participation from one side.
Absorption is detected by combining a high volume ratio (volRatio) with a low normalized stealth ratio (stRatio). High volume with limited price movement suggests that opposing orders are absorbing flow at that level. Both imbalance and absorption buckets are extended into horizontal zones from the start of the lookback to the current bar, visually emphasizing key support/resistance and liquidity areas.
6. Building Buy, Sell & Stealth Profiles
sellProfile := array.new(bucketCount, 0)
buyProfile := array.new(bucketCount, 0)
stealthProfile := array.new(bucketCount, 0)
Three arrays are used to store Sell Flow, Buy Flow, and Stealth Flow. Bars are processed from oldest to newest so that decay is applied in correct chronological order. For each bar, a volume density (volume / range) is calculated and distributed across the candle range. Bull candles feed buyProfile, bear candles feed sellProfile.
Stealth Flow computes the close-to-close move between consecutive bars, scaled by 1 / (1 + volume). Big moves on low volume produce high stealth values, which are then allocated across the move’s price span into stealthProfile. This yields a three-layer profile per price level: directional volume and stealthy price movement.
FlowScope [Hapharmonic]FlowScope: Uncover the Market's True Intent 🔬
Ever wished you could look inside the candles and see where the real action is happening? FlowScope is your microscope for the market's flow, designed to give you a powerful edge by revealing the volume distribution that price action alone can't show you.
Instead of just looking at the open, high, low, and close, FlowScope lets you dive deeper into the market's auction process. It groups candles together and builds a detailed Volume Profile for that period, showing you exactly where the trading happened and revealing the story behind the price action.
Let's explore how you can use it to gain a powerful new edge.
🧐 Core Concept: How It Works
At its heart, FlowScope does three key things:
It Groups Candles: You decide how many candles to group together. For example, setting " Group Candles " to 4 on a 5-minute chart effectively gives you a detailed 20-minute candle and profile. This helps you see the bigger picture and filter out market noise.
It Builds a Volume Profile: For each group, FlowScope analyzes the volume at every single price level. It then displays this as a horizontal histogram (we call this a "footprint" or profile). Longer bars mean more volume was traded at that price, indicating a "fair" price or an area of acceptance. Shorter bars mean price moved through quickly, indicating rejection.
It Creates a Custom "Grouped Candle": To summarize the group's overall price action, FlowScope draws a single, custom candle representing the entire group's:
Open: The open of the first candle in the group.
High: The absolute highest price reached within the group.
Low: The absolute lowest price reached within the group.
Close: The close of the last candle in the group.
This gives you a crystal-clear view of the group's net result, free from the back-and-forth noise of the individual candles inside it.
Below are some of the stunning preset color palettes you can choose from to customize your view:
🚀 How to Use: Practical Applications
FlowScope isn't just for looking pretty; it's a powerful analysis tool. Here are a few ways to integrate it into your trading:
Identify High-Volume Nodes (HVNs): Look for the longest bars in the profile. These are price levels where the market spent the most time and traded the most volume. HVNs often act as powerful "magnets" for price, becoming key areas of support and resistance.
Spot Low-Volume Nodes (LVNs): These are areas with very short bars or gaps in the profile. They represent price levels that the market moved through quickly and inefficiently. If price returns to an LVN, it's likely to move through it quickly again.
Analyze the Summary Box: This is where the real magic happens! ✨
Total Volume (Σ): The total volume for the entire group.
Buy (B) vs. Sell (S) Volume: FlowScope analyzes the lower timeframe action to estimate the buying and selling pressure that made up the total volume. Is a big red candle mostly aggressive selling, or was it just a lack of buyers? The B/S data gives you clues. A high-volume candle with nearly 50/50 buy/sell pressure might indicate absorption or a potential reversal.
Use the Grouped Candle for Clarity: Is the market in a clear uptrend, or is it just choppy? The grouped candle can give you a much clearer signal. A series of strong, green grouped candles shows much more conviction than a mix of small green and red candles.
⚙️ Settings & Customization
This is where you can truly make FlowScope your own. Let's walk through each setting.
Profile Settings
Group Candles: The number of standard chart candles you want to combine into a single FlowScope profile. A setting of 1 will analyze every single bar. A higher number gives you a broader market view. When Group Candles is set to 5, the data from the 5 individual candles are combined, and the volume is calculated accordingly.
Max Profile Boxes: This setting is more than just a number; it's a smart limit that ensures your profiles are always readable and relevant to the current market conditions.
Adaptive Sizing (The Ideal Goal): FlowScope first tries to create the perfect profile by making each volume box's height proportional to the current market volatility. It calculates an "ideal" box height based on the Average True Range ( ATR / 10 ). This is powerful because it automatically adapts: you get smaller, more detailed boxes in quiet, low-volatility markets, and larger, clearer boxes in volatile, fast-moving markets.
The Safety Cap (Your Setting): However, what if you group several candles during a massive price move? The price range could be huge! If we only used the small, ATR-based box height, you might end up with hundreds of tiny, unreadable boxes. This is where your Max Profile Boxes setting (defaulting to 50) comes in. It acts as a maximum detail cap . If the adaptive, volatility-based calculation determines that it would need more boxes than your setting (e.g., more than 50), the indicator will override it. It will then simply divide the entire price range of the group into exactly the number of boxes you specified (e.g., 50).
In short: You are setting the maximum allowable detail. FlowScope intelligently adapts the profile's granularity below that limit based on market volatility, ensuring you always get a clear and meaningful picture.
Style
Show Profile BG: A simple toggle to show or hide the faint background color behind the volume bars. Turning it off can create a cleaner look.
Color Mode: This dropdown controls how the volume profile text is colored.
Custom Gradient: This mode uses the three custom colors you select in the "Profile Colors" section to create a beautiful gradient across the profile.
Candle Color: This mode colors the profile based on whether the grouped candle was bullish (green) or bearish (red). The color will be a gradient, with the most intense color applied to the box with the highest volume; the colors of the other boxes will fade out from that point. It's a great way to see the profile's "mood" at a glance.
Profile Colors 🎨
Use Preset Palette: This is the master switch!
If checked: You can choose from 10 stunning, pre-designed color palettes from the Palette dropdown. The custom color pickers below will be disabled.
If unchecked (Default): The Palette dropdown will be disabled, and you can now choose your own three colors for the gradient.
Palette: (Only active when "Use Preset Palette" is checked) . Choose from 10 luxurious, eye-catching color schemes like "Solar Flare" or "Deep Space" to instantly change the look and feel of your chart.
Low Price / Mid Price / High Price: (Only active when "Use Preset Palette" is unchecked) . These three color pickers allow you to design your own unique gradient for the Custom Gradient color mode.
Candle Display
These settings control the custom "Grouped Candle" that summarizes the profile. When using the "Show Custom Candle" feature, you should change the chart's candlestick display to Bars for a cleaner view.
Show Custom Candle: This is the main toggle. When you check this box, the original chart candles will be hidden, and your custom FlowScope candle will be displayed instead. This custom candle is intentionally small to ensure it does not visually overlap with the volume profile boxes.
Show Body: (Only active when "Show Custom Candle" is checked) . Toggles the visibility of the candle's body.
Wick Width & Body Width: (Only active when "Show Custom Candle" is checked) . These sliders let you control the thickness of the wick and body lines to match your personal style.
Up Color / Down Color: (Only active when "Show Custom Candle" is checked) . Choose the colors for your bullish and bearish custom candles.
Experiment with the settings, find a style that works for you, and start seeing the market in a whole new light.
Happy trading! 📈😊
Dynamic Liquidity Depth [BigBeluga]
Dynamic Liquidity Depth
A liquidity mapping engine that reveals hidden zones of market vulnerability. This tool simulates where potential large concentrations of stop-losses may exist — above recent highs (sell-side) and below recent lows (buy-side) — by analyzing real price behavior and directional volume. The result is a dynamic two-sided volume profile that highlights where price is most likely to gravitate during liquidation events, reversals, or engineered stop hunts.
🔵 KEY FEATURES
Two-Sided Liquidity Profiles:
Plots two separate profiles on the chart — one above price for potential sell-side liquidity , and one below price for potential buy-side liquidity . Each profile reflects the volume distribution across binned zones derived from historical highs and lows.
Real Stop Zone Simulation:
Each profile is offset from the current high or low using an ATR-based buffer. This simulates where traders might cluster their stop-losses above swing highs (short stops) or below swing lows (long stops).
Directional Volume Analysis:
Buy-side volume is accumulated only from bullish candles (close > open), while sell-side volume is accumulated only from bearish candles (close < open). This directional filtering enhances accuracy by capturing genuine pressure zones.
Dynamic Volume Heatmap:
Each liquidity bin is rendered as a horizontal box with a color gradient based on volume intensity:
- Low activity bins are shaded lightly.
- High-volume zones appear more vividly in red (sell) or lime (buy).
- The maximum volume bin in each profile is emphasized with a brighter fill and a volume label.
Extended POC Zones:
The Point of Control (PoC) — the bin with the most volume — is extended backwards across the entire lookback period to mark critical resistance (sell-side) or support (buy-side) levels.
Total Volume Summary Labels:
At the center of each profile, a summary label displays Total Buy Liquidity and Total Sell Liquidity volume.
This metric helps assess directional imbalance — when buy liquidity is dominant, the market may favor upward continuation, and vice versa.
Customizable Profile Granularity:
You can fine-tune both Resolution (Bins) and Offset Distance to adjust how far profiles are displaced from price and how many levels are calculated within the ATR range.
🔵 HOW IT WORKS
The indicator calculates an ATR-based buffer above highs and below lows to define the top and bottom of the liquidity zones.
Using a user-defined lookback period, it scans historical candles and divides the buffered zones into bins.
Each bin checks if bullish (or bearish) candles pass through it based on price wicks and body.
Volume from valid candles is summed into the corresponding bin.
When volume exists in a bin, a horizontal box is drawn with a width scaled by relative volume strength.
The bin with the highest volume is highlighted and optionally extended backward as a zone of importance.
Total buy/sell liquidity is displayed with a summary label at the side of the profile.
🔵 USAGE/b]
Identify Stop Hunt Zones: High-volume clusters near swing highs/lows are likely liquidation zones targeted during fakeouts.
Fade or Follow Reactions: Price hitting a high-volume bin may reverse (fade opportunity) or break with strength (confirmation breakout).
Layer with Other Tools: Combine with market structure, order blocks, or trend filters to validate entries near liquidity.
Adjust Offset for Sensitivity: Use higher offset to simulate wider stop placement; use lower for tighter scalping zones.
🔵 CONCLUSION
Dynamic Liquidity Depth transforms raw price and volume into a spatial map of liquidity. By revealing areas where stop orders are likely hidden, it gives traders insight into price manipulation zones, potential reversal levels, and breakout traps. Whether you're hunting for traps or trading with the flow, this tool equips you to navigate liquidity with precision.
Liquidity Pro Map [ChartPrime]⯁ OVERVIEW
Liquidity Pro Map is a market-structure tool that simulates liquidity distribution by splitting price history into buy-side and sell-side profiles. Using candle volume and the standard deviation of close, the indicator builds two mirrored volume maps on the right-hand side of the chart. It also extends liquidity levels backwards in time until they are crossed by price, allowing you to see which zones remain untouched and where liquidity is most likely resting. Cumulative skew lines and highlighted POC levels give additional clarity on imbalance between buyers and sellers.
⯁ KEY FEATURES
Dual Liquidity Profiles: The chart is divided into buy-side (green) and sell-side (red) liquidity profiles, letting you instantly compare both sides of order flow.
Level Extension Logic: Each liquidity level is extended back in time until price crosses it. If not crossed, it persists all the way to the indicator’s lookback period, marking zones that remain “untapped.”
Dynamic Binning with Standard Deviation: The indicator distributes candle volumes into bins using close-price deviation, creating a more realistic liquidity map than static price levels.
priceDeviation = ta.stdev(close, 25) * 2
priceReference = close > open ? low - priceDeviation : high + priceDeviation
Cumulative Volume Skew Lines: Polylines on the right-hand side show the aggregated buy and sell volume profiles, making it easy to spot imbalance.
POC Identification: Highest-volume levels on both sides are marked as POC (Point of Control) , providing key zones of interest.
Clear Color Coding: Gradient shading intensifies with volume concentration—dark teal/green for buy zones, dark pink/red for sell zones.
⯁ HOW IT WORKS (UNDER THE HOOD)
Volume Distribution: Each bar’s volume is assigned to a price bin based on its reference price (close ± standard deviation offset).
Buy vs. Sell Splitting: If bins above last close price, volume is allocated to sell-side liquidity; otherwise, it’s allocated to buy-side liquidity.
Level Extension: Boxes marking liquidity bins extend back until crossed by price. If uncrossed, they anchor all the way to the start of the lookback window.
Cumulative Polylines: As bins are stacked, cumulative buy and sell values form skew polylines plotted at the right edge.
POC Levels: The highest-volume bin on each side is highlighted with labels and arrows, marking where the heaviest liquidity is concentrated.
⯁ USAGE
Use buy/sell profiles to see where liquidity is likely resting. Green shelves suggest potential support zones; red shelves suggest resistance or sell liquidity pools.
Watch untouched extended levels —these often become magnets for price as liquidity is swept.
Track POC levels as primary liquidity targets, where reactions or fakeouts are most common.
Compare cumulative skew lines to judge which side dominates in volume. Heavy buy skew may indicate absorption of sell pressure, and vice versa.
Adjust lookback period to switch between intraday liquidity maps and larger swing-based profiles.
Use separator feature to hide bins borders for better visual clarity.
Use as a confluence tool with OBs, support/resistance, and liquidity sweep setups.
⯁ CONCLUSION
Liquidity Pro Map transforms candle volume into a structured simulation of where liquidity may rest across the chart. By dividing buy vs. sell profiles, extending untouched levels, and marking cumulative skew and POC, it equips traders with a clear visual map of potential liquidity pools. This allows for better anticipation of sweeps, reversals, and areas of high market activity.
Frankie Candles Essentials [LuxAlgo]The Frankie Candles Essentials toolkit is a collection of essential features used by trader Frankie Candles. This toolkit focuses on the relationship between MTF oscillator divergences and volume profiles, allowing the detection of different kinds of reversals. Retracements from the "Golden Pocket" features are also included.
🔶 USAGE
When adding the script to your chart you will be prompted to select the calculation interval of the "Top-Down Volume Profile", simply click on your chart where you want the starting and ending points of the calculation interval.
🔹 Top-Down Volume Profile
The Top-Down Volume Profile is a classical fixed-range volume profile and highlights the amount of traded volume within equidistant price areas. The amount of areas is determined by the "Rows" setting (Note that the volume profile can use up to 250 rows).
The value area (VA) highlights the area where the specified percentage of the total volume is traded, that is the area with the most recorded trading activity relative to a selected percentage.
Finally, the point of control (POC) highlights the price level with the most trading activity.
🔹 Divergences
Users can highlight divergences made by oscillators on their charts. The toolkit includes three indicators such as RSI, MFI, and WaveTrend with MTF support, users can also select external oscillators but these will not support MTF divergence detection.
Once the Top-Down Volume Profile is set historical divergences will be affected by its value area (VA), with bearish divergences located above the upper VA or bullish divergences located under the lower VA being highlighted with a sauce can, a signature display stel of Frankie Candles.
Users can also filter out divergences based on the point of control (POC) using the "Filter According To POC" setting, with bearish divergences located below the POC or bullish divergences located above it being filtered out.
Do note that divergences are detected N bars after their occurrence, where N is the divergence lookback setting
🔹 Golden Pockets
The script includes an MTF Golden Pockets feature displaying Fibonacci retracements on the user chart, these can be used to identify optimal trade entries (OTE) or serve as support/resistance levels.
Golden Pockets are based on maximum/minimum prices in a window determined by the "Golden Pocket Lookback" setting, using longer-term lookbacks will return longer-term divergences, this will also be the case when using HTF golden pockets.
🔶 SETTINGS
🔹 Candle Coloring
Candle Coloring: Determine the candle coloring method used by the indicator. "Simple" will color the candles based on the candle body, while "Golden Pocket" will color candles using a gradient based on the golden pocket rolling maximum/minimum.
🔹 Top-Down Volume Profile
Top-Down Volume Profile: Enable Top-Down Volume Profile.
Rows: Amount of rows used by the Top-Down Volume Profile.
Width (%): Controls the histogram bar width as a percentage of the calculation window specified by the user set anchors.
Value Area (%): Area where the specified percentage of total volume is traded.
Extend To The Right: Extends the calculation window from the first anchor to the most recent bar.
🔹 MTF Divergences
Oscillator: Determines the oscillator and its length used for divergence detection. Options include "RSI", "MFI", "WaveTrend" and "External".
Divergence Lookback: Lookback period used to track oscillator tops/bottoms. Divergence will be detected n bars after an oscillator top/bottom, where n is the specified lookback period.
External Oscillator: External oscillator used for divergence detection if "External" is selected in the "Oscillator" dropdown menu, incompatible with Divergence Timeframe setting.
Divergence Timeframe: Timeframe used to calculate the selected oscillator and detect divergences. Incompatible with external oscillators.
Divergence From: Determines if price tops/bottoms evaluated to detect divergences are based on wicks (high/low price) or candle body (closing/opening price).
Filter According To POC: Filter displayed divergences based on the Top-Down Volume Profile POC.
Show Hidden: Display hidden divergences.
Show Sauce: Display canned source emoji on specific divergences.
🔹 Golden Pockets
Golden Pocket Lookback: Period used to calculate golden pockets, options include "Short-Term", "Medium-Term", and "Long-Term".
Extend: Extend Golden Pockets lines from the most recent bar by the specified amount of bars.
Golden Pocket Timeframe: Timeframe used to calculate the Golden Pockets.
Retracements: Display specific retracements, users can also control the ratio from the provided numerical setting.
Show Coordinate Line: Display a line connecting the top/bottom used to calculate the Golden Pockets.
Invert: Invert top/bottom for the Golden Pockets calculation.
Supply Demand Profiles [LuxAlgo]The Supply Demand Profiles is a charting tool that measures the traded volume at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, in other words, highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
In other words, this tool highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
Besides having the tool as a combo tool, the uniqueness of this version of the tool compared to its early versions is its ability to benefit from different volume data sources and its ability to use a variety of different polarity methods, where polarity is a measure used to divide the total volume into either up volume (trades that moved the price up) or down volume (trades that moved the price down).
🔶 USAGE
Supply & demand zones are presented as horizontal zones across the selected range, hence adding the ability to visualize the price interaction with them
By default, the right side of the profile is the volume profile which highlights the distribution of the traded activity at different price levels, emphasizing the value area, the range of price levels in which the specified percentage of all volume was traded during the time period, and levels of significance, such as developing point of control line, value area high/low lines, and profile high/low labels
The left side of the profile is the sentiment profile which highlights the market sentiment at specific price levels
🔶 DETAILS
🔹 Volume data sources
The users have the option to select volume data sources as either 'volume' (regular volume) or 'volume delta', where volume represents all the recorded trades that occur at a given bar and volume delta is the difference between the buying and the selling volume, that is, the net demand at a given bar
🔹 Polarity methods
The users are able to choose the methods of how the tool to take into consideration the polarity of the bar (the direction of a bar, green (bullish) or red (bearish) bar) among a variety of different options, such as 'bar polarity', 'bar buying/selling pressure', 'intrabar (chart bars at a lower timeframe than the chart's) polarity', 'intrabar buying/selling pressure', and 'heikin ashi bar polarity'.
Finally, the interactive mode of the tool is activated, as such users can easily modify the intervals of their interest just by selecting the indicator and moving the points on the chart
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles and zones
🔹 Calculation Settings
Volume Data Source and Polarity: This option is to set the desired volume data source and polarity method
Lower Timeframe Precision: This option is applicable in case any of the 'Intrabar (LTF)' options are selected, please check the tooltip for further details
Value Area Volume %: Specifies the percentage for the value area calculation
🔹 Presentation Settings
Supply & Demand Zones: Toggles the visibility of the supply & demand zones
Volume Profile: Toggles the visibility of the volume profile
Sentiment Profile: Toggles the visibility of the sentiment profile
🔹 Presentation, Others
Value Area High (VAH): Toggles the visibility of the VAH line and color customization option
Point of Control (POC): Toggles the visibility of the developing POC line and color customization option
Value Area Low (VAL): Toggles the visibility of the VAL line and color customization option
🔹 Supply & Demand, Others
Supply & Demand Threshold %: This option is used to set the threshold value to determine supply & demand zones
Supply/Demand Zones: Color customization option
🔹 Volume Profile, Others
Profile, Up/Down Volume: Color customization option
Value Area, Up/Down Volume: Color customization option
🔹 Sentiment Profile, Others
Sentiment, Bullish/Bearish: Color customization option
Value Area, Bullish/Bearish: Color customization option
🔹 Others
Number of Rows: Specify how many rows the profile will have
Placment: Specify where to display the profile
Profile Width %: Alters the width of the rows in the profile, relative to the profile range
Profile Price Levels: Toggles the visibility of the profile price levels
Profile Background, Color: Fills the background of the profile range
Value Area Background, Color: Fills the background of the value area range
Start Calculation/End Calculation: The tool is interactive, where the user may modify the range by selecting the indicator and moving the points on the chart or can set the start/end time using these options
🔶 RELATED SCRIPTS
Volume-Profile
Volume-Profile-Maps
Volume-Delta
TeddyOverview
"Teddy" is an indicator that overlays up to five customizable Volume Profiles on the chart, each displaying Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL). Designed for traders, it anchors profiles to user-defined time ranges, helping align traders with the ever changing auction so they are on the right side of trends, avoid choppy price action, and stay clear of overbought/oversold conditions.
Originality and Usefulness
Unlike standard Volume Profile tools, "Teddy" offers five independent profiles with flexible anchored or fixed time ranges, customizable labels, and distinct colors. This multi-profile approach reveals key price levels across different periods, enabling traders to navigate trends and avoid low-opportunity zones effectively, ideal for equities, futures, or indices.
What It Does
Plots up to five Volume Profiles, each with POC, VAH, and VAL lines.
Labels levels with customizable prefixes and price displays.
Supports anchored (start-to-present) or fixed (start-to-stop) time ranges, adjustable via inputs or chart dragging.
How It Works
Data Sources: Uses lower timeframe data (e.g., 1-minute on a 5-minute chart) to build volume distributions.
Calculations:
POC: Identifies the price with the highest traded volume in the selected range.
VAH/VAL: Defines the value area (default: 70% of volume(recommended)) around POC.
Time Ranges: Each profile starts at a user-set time, extending to the present or a stop time if fixed.
Visualization: Draws lines and labels for POC, VAH, and VAL, with customizable colors, offsets, and leftward extensions.
How It Helps Traders
"Teddy" aligns traders with the auction to help avoids pitfalls:
Staying with the Trend: Price above POC Indicates buyers are in control of the profile being studied which allows the auction to move towards VAH next. Price below POC Indicates sellers are in control of the profile being studied which allows the auction to move towards VAL next. guiding trend-following entries. Breakouts above VAH can signal an expansion opportunity for price and breakdowns below VAL can signal an expansion opportunity for price.
Avoiding Choppy Conditions: POC acts as a price anchor(magnet almost) that draws price towards it due to the high volume around this pivot— Price oscillating around POC often indicates consolidation(almost a battle between buyers and sellers); Its wise to let the battle finish to understand the true direction. Teddy also helps traders identify consolidation between ranges as buyers and sellers fight for acceptance above below in inside of one or multiple ranges. This type of structure between ranges often brings chop with it as well.
Steering Clear of Overbought/Oversold: Extreme price moves far from POC or VAH/VAL, especially in recent profiles, suggest price at premium or price at discount. This can help traders avoid chasing an extended move to the upside or the downside.
Multiple profiles provide temporal context, ensuring trades align with multiple auctions to define price at a value, at a discount or at a premium and not just fleeting noise.
How to Use It
Apply to any chart (e.g., ES 1H for futures).
Customize via inputs:
"Profile Settings": Enable/disable, set start/stop times, toggle fixed range.
"Profile Appearance": Adjust horizontal offset for labels.
"Profile Colors": Set POC, VAH, VAL colors (e.g., yellow, blue).
"Profile POC & Value Area": Adjust value area percentage (default: 70%), toggle POC/VAH/VAL display, extend lines left.
"Profile Label Customization": Set label prefixes, show prices, and text colors.
Underlying Concepts
Volume Profile: POC and VAH/VAL highlight high-volume acceptance zones, anchoring trend analysis.
Temporal Analysis: Multiple profiles reveal evolving market structure over user-defined periods.
Limitations
May require a Premium Trading view plan due to data being pulled on lower time frames such as the 1 minute. Check to ensure your plan meets these requirements.
Profiles looking back multiple months (e.g., 9 or 12 months) on lower timeframes (e.g., 1-minute) may cause memory errors or fail to load due to data limits.
Hourly or higher timeframes are best for accurate data on extended lookbacks, especially in futures markets.
Accuracy depends on lower timeframe data availability.
Levels are contextual, not guaranteed signals.
[Pandora's Chambers] Liquidity Grab Magnet Tool VDV_V6Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6
The “Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6” indicator is built as a mathematical function library in Pine Script® that identifies “magnet” points (local maxima) of price action density, based on a combination of frequency analysis (wick density) and Fibonacci values. The algorithm considers the distribution of wick touches within a lookback range, builds volume profiles at different price levels, and then marks the strongest dynamic support and resistance levels. This structure has been empirically proven to be particularly effective for rapid scalping, as these “magnet points” are characterized by strong market forces influencing sharp price movements.
Background and Methodology
Price Range Division into Bins: The range between the minimum and maximum price over the last N candles is divided into k equal bins.
Wick Touch Counting: For each bin, the number of times the bin center falls within the wick body of a candle is calculated.
Bullish and Bearish Candles:
For bullish candles (close > open), touches between the low and the open are counted.
For bearish candles (close < open), touches between the open and the high are counted.
Density Function: For each bin j, a density function ρ(j) = number of touches in j is obtained.
Strongest Levels: The strongest support level below the current price is arg max_{binCenter < close} ρ(j), and the resistance – above the price.
Integrated Volume Profile: For each bin, the trading volume of the candles where the bin center is included in the wick body is accumulated, adding a volume dimension to the selection of magnet points.
The Secret Algorithm
The algorithm utilizes several key constructs:
Dynamic Trailing with Sensitivity Threshold (trailTolerance): To avoid market noise, the line is redrawn only when the new point differs by Δ ≥ trailTolerance from the previous level.
Fibonacci Value Integration: After identifying support (sell-side) and resistance (buy-side) levels, Fibonacci lines are calculated at n ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the option to extend them to additional "snap" values (1.618, 2.618). Each line also displays the corresponding trading volume in its paired bin, providing an indication of market depth at the Fibonacci point.
Visualization and Functionality:
Clear and Dynamic Colored Lines: Support is colored purple, resistance is colored cyan.
Transparent Labels: Displaying the actual volume value for each level.
“Magnet Point” Markers (red dots): Appearing upon the breakout of a line – enabling the identification of rapid scalping opportunities. Crossing of a line indicates the price "drinking liquidity." A red dot appears when the price reaches equilibrium.
Continued Liquidity: If the line moves away from the price, liquidity is expected to continue.
Key Parameters
Parameter Description
Lookback Bars Number of candles for historical analysis; size of the discrete dimension for density distribution.
Bin Count Number of bins for dividing the price range; determines the analysis resolution.
Tolerance Minimum threshold for a level change before a new line is created (to reduce noise).
Fibonacci Offsets Number of candles to the right to display Fibonacci lines with volume labels.
Show Liquidity Snap Toggle to display extended "snap" values outside the main range.
Line Width & Color Adjustable thickness, style, and color of support and resistance lines.
Label Size/Offset Adjustment of label text size and position – to prevent overlaps on the chart.
Export to Sheets
How to Use for Scalping
Identify the Magnet Point: Follow the red dot (•) the moment the price crosses a liquidity level downwards/upwards.
Parameter Adjustment: To increase sensitivity for scalping – reduce the Lookback or increase the Bin Count.
Market Depth Confirmation: Use the volume labels alongside the Fibonacci lines to confirm that the point is indeed accompanied by significant volume movement.
Mathematical Conclusion
The indicator combines statistical principles of density and historical memory with Fibonacci geometry, in a configuration that allows for the identification of reliable “magnet points.” For quantitative traders, this is a formal tool for drawing conclusions about market forces in the language of density functions and volume profiles, providing an ideal environment for rapid and precise scalps.
צור מחדש אבל תחליף את המילים סופורט וריסיסטנס לליקווידיטי
בטח, הנה הגרסה המחודשת של התיאור עם החלפת המילים "סופורט" ו"ריסיסטנס" ב"ליקווידיטי":
חדרי פנדורה – כלי מגנט ללכידת נזילות VDV_V6
האינדיקטור “חדרי פנדורה – כלי מגנט ללכידת נזילות VDV_V6” נבנה כספריית פונקציות מתמטית ב‑Pine Script® המזהה נקודות “מגנט” (מקסימום מקומי) של צפיפות תנועת המחיר, על בסיס שילוב של ניתוח תדרים (צפיפות וויקים) וערכי פיבונאצ’י. האלגוריתם מתייחס להתפלגות נגיעות הוויקים בתוך טווח הסתכלות (lookback), בונה פרופילי נפח במחיריים שונים, ולאחר מכן מסמן את רמות הנזילות הדינמיות החזקות ביותר. המבנה הוכח אמפירית כיעיל במיוחד לסקאלפינג מהיר, שכן “נקודות המגנט” מתאפיינות בכוחות שוק חזקים המשפיעים על תנועה חדה של המחיר.
רקע ומתודולוגיה
חלוקת טווח המחיר לבינים (bins): הטווח בין המחיר המינימלי למקסימלי ב־N הנרות האחרונים מחולק ל־k תאים שווים.
בכל תא מחשבים את מספר הפעמים שבהן מרכז התא נכנס לתוך גוף הוויק (wick) של הנר.
נרות בולשים ודובשים:
בנרות בולשים (close > open) נספרים מגעים בין ה־low ל־open.
בנרות דובשים (close < open) נספרים מגעים בין ה־open ל־high.
פונקציית צפיפות (Density Function): עבור כל תא j מתקבלת פונקציית צפיפות ρ(j) = מספר המגעים ב־j.
הרמה החזקה ביותר מתחת למחיר הנוכחי היא arg max_{binCenter < close} ρ(j), ולהתנגדות – מעל המחיר.
פרופיל נפח משולב (Volume Profile): לכל תא מצטבר נפח המסחר של הנרות שבהם מרכז התא נכלל בגוף הוויק, מה שמוסיף ממד נפחי לבחירת נקודות המגנט.
האלגוריתם הסודי
האלגוריתם עושה שימוש בכמה קונסטרוקטים עיקריים:
טריילינג דינמי עם סף רגישות (trailTolerance): כדי למנוע רעשי שוק, הקו ניזון מחדש רק כאשר הנקודה החדשה שונה ב־Δ ≥ trailTolerance מהרמה הקודמת.
שילוב ערכי פיבונאצ’י: לאחר זיהוי רמות נזילות (sell-side) ורמות נזילות (buy-side), מחושבים קווי פיבונאצ’י ב־n יחסיות (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), ואפשרות להרחבתם לערכי סנאפ נוספים (1.618, 2.618). כל קו מציג גם את נפח המסחר המתאים בתא התאום שלו, מה שנותן אינדיקציה לקריאות עומק השוק בנקודת פי
You stopped this response
Giv'atayim, Israel
צור מחדש אבל תחליף את המילים סופורט וריסיסטנס לליקווידיטי
באנגלית
Okay, here's the revised English description with "support" and "resistance" replaced by "liquidity":
Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6
The “Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6” indicator is built as a mathematical function library in Pine Script® that identifies “magnet” points (local maxima) of price action density, based on a combination of frequency analysis (wick density) and Fibonacci values. The algorithm considers the distribution of wick touches within a lookback range, builds volume profiles at different price levels, and then marks the strongest dynamic liquidity levels. This structure has been empirically proven to be particularly effective for rapid scalping, as these “magnet points” are characterized by strong market forces influencing sharp price movements.
Background and Methodology
Price Range Division into Bins: The range between the minimum and maximum price over the last N candles is divided into k equal bins.
Wick Touch Counting: For each bin, the number of times the bin center falls within the wick body of a candle is calculated.
Bullish and Bearish Candles:
For bullish candles (close > open), touches between the low and the open are counted.
For bearish candles (close < open), touches between the open and the high are counted.
Density Function: For each bin j, a density function ρ(j) = number of touches in j is obtained.
Strongest Levels: The strongest sell-side liquidity level below the current price is arg max_{binCenter < close} ρ(j), and the buy-side liquidity – above the price.
Integrated Volume Profile: For each bin, the trading volume of the candles where the bin center is included in the wick body is accumulated, adding a volume dimension to the selection of magnet points.
The Secret Algorithm
The algorithm utilizes several key constructs:
Dynamic Trailing with Sensitivity Threshold (trailTolerance): To avoid market noise, the line is redrawn only when the new point differs by Δ ≥ trailTolerance from the previous level.
Fibonacci Value Integration: After identifying sell-side liquidity and buy-side liquidity levels, Fibonacci lines are calculated at n ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the option to extend them to additional "snap" values (1.618, 2.618). Each line also displays the corresponding trading volume in its paired bin, providing an indication of market depth at the Fibonacci point.
Visualization and Functionality:
Clear and Dynamic Colored Lines: Sell-side liquidity is colored purple, buy-side liquidity is colored cyan. Crossing of a line indicates the price "drinking liquidity."
Transparent Labels: Displaying the actual volume value for each level.
“Magnet Point” Markers (red dots): Appearing upon the breakout of a line – enabling the identification of rapid scalping opportunities. A red dot appears when the price reaches equilibrium. If the line moves away from the price, liquidity is expected to continue.
Key Parameters
Parameter Description
Lookback Bars Number of candles for historical analysis; size of the discrete dimension for density distribution.
Bin Count Number of bins for dividing the price range; determines the analysis resolution.
Tolerance Minimum threshold for a level change before a new line is created (to reduce noise).
Fibonacci Offsets Number of candles to the right to display Fibonacci lines with volume labels.
Show Liquidity Snap Toggle to display extended "snap" values outside the main range.
Line Width & Color Adjustable thickness, style, and color of liquidity lines.
Label Size/Offset Adjustment of label text size and position – to prevent overlaps on the chart.
Export to Sheets
How to Use for Scalping
Identify the Magnet Point: Follow the red dot (•) the moment the price crosses a liquidity level downwards/upwards.
Parameter Adjustment: To increase sensitivity for scalping – reduce the Lookback or increase the Bin Count.
Market Depth Confirmation: Use the volume labels alongside the Fibonacci lines to confirm that the point is indeed accompanied by significant volume movement.
Mathematical Conclusion
The indicator combines statistical principles of density and historical memory with Fibonacci geometry, in a configuration that allows for the identification of reliable “magnet points.” For quantitative traders, this is a formal tool for drawing conclusions about market forces in the language of density functions and volume profiles, providing an ideal environment for rapid and precise scalps.
Delta Flow Profile [LuxAlgo]The Delta Flow Profile is a charting tool that tracks and visualizes money flow and the difference between buying and selling pressure accumulated within multiple price ranges over a specified period. It reveals the relationship between an asset's price and traders' willingness to buy or sell, helping traders identify significant price levels and analyze market activity.
The Normalized Profile displays the percentage of money flow at each price level relative to the maximum money flow level, enabling traders to easily compare levels and understand the relative importance of each price point in the context of overall trading activity.
🔶 USAGE
The Delta Flow Profile is made of two principal components with different usability, each one of them described in the sub-sections below.
🔹 Money Flow Profile
The Money Flow Profile illustrates the total buying and selling activity at different price ranges. By analyzing this profile, users can identify key price zones with substantial buying or selling pressure. These zones can often act as potential support or resistance.
The rows of the Money Flow Profile represent the trading activity at specific price ranges over a given period.
A normalized profile is included to compare each zone relative to the peak money flow using a percentage, with 100% indicating that a price range is the one with the highest accumulated money flow.
🔹 Delta Profile
The Delta Profile assesses the dominant sentiment (buying or selling) from volume delta at different price levels to gauge market sentiment and potential reversals.
Delta Profile rows with more significant buying or selling volume indicate dominance from one side of the market in that specific price area. Price coming back to that area might indicate willingness from a dominant side to further accumulate orders within it, potentially causing price to follow the direction established by this dominant side afterward.
The volume delta is determined from the user-selected Polarity Method, with "Bar Polarity" using candle sentiment to determine if a bar associated volume is buying or selling volume, and "Bar Buying/Selling Pressure" making use of the high/low price to obtain more precise results.
🔹 Level of Significance
Users can quickly highlight the price levels with the highest recorded money flow activity through the included "Level of Significance". Various display methods are included:
Developing: Show the price level with the highest recorded money flow activity spanning over the indicator calculation interval.
Level: Show the price level with the highest recorded money flow activity.
Row: Show the price zone with the highest recorded money flow activity.
These levels/zones can be used as potential support/resistance points and can serve as a reference of where prices might go next for market participants to accumulate orders.
🔶 SETTINGS
The script offers a range of customizable settings to tailor the analysis to your trading needs.
🔹 Calculation Settings
Money Flow Profile: Toggles the visibility of the Money Flow Profile.
Normalized: Toggles the visibility of the Normalized Profile.
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Polarity Method: Choose between Bar Polarity or Bar Buying/Selling Pressure to calculate the Sentiment Profile.
Level of Significance: Toggles the visibility of the level of significance line/zone.
Lookback Length / Fixed Range: Sets the lookback length.
Number of Rows: Specify how many rows each profile histogram will have.
🔹 Display Settings
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length.
Profile Horizontal Offset: Enables moving the profile on the horizontal axis.
Profile Text: Toggles the visibility of profile texts, and alters the size of the text. Setting to Auto will keep the text within the box limits.
Currency: Extends the profile text with the traded currency.
Profile Price Levels: Toggles the visibility of the profile price levels.
🔶 RELATED SCRIPTS
Money-Flow-Profile
Volume-Profile-with-Node-Detection
Historic Volume/Market ProfilesHistoric Volume/Market Profile is a Periodic Volume Profile with all of the improvements known in the original Volume/Market Profile.
VMP is a 2 in 1 Volume and Market Profile Indicator.
HVMP uses the base of VMP to offer a quick and simple view at multiple historic profiles at the same time.
This includes:
Cluster Identification for High Volume and Low Volume Areas.
Maximizing granularity by utilizing boxes and lines to get up to 1000 rows.
New Inclusions in HVMP vs VMP:
HVMP granularity is determined by the # of profiles on display. By doing this, each profile will get an even amount of allocated rows to use and granularity is scaled per-profile, to fit within the row allowance.
For Example: 1000/(# of profiles) = Maximum # of rows per profile.
HVMP introduces the "Auto-Scale" Option (on by Default), this automatically fits each profile within the defined timeframe period to provide a consistent display when switching timeframes.
Even with "Auto-Scale" enabled, "Display Size" dictates which direction the profile is displayed.
Below is a Negative Display Size (Displays from right to left, starting at the end of the period)
Below is a Positive Display Size (Displays from left to right, starting at the beginning of the period)
HVMP is only for historical data, you can get a live profile with the same Node Identification using VMP (Volume Market/Profile). The indicator that this one is based on.
Find it Here: Volume/Market Profile
Enjoy!
Volume Matrix Pro [ChartNation]Volume Matrix Pro is a comprehensive volume profile indicator that combines delta-colored volume distribution analysis with adaptive pivot detection and automated volume node identification. The indicator visualizes where institutional volume accumulated at specific price levels, providing traders with precise entry zones backed by actual trading data.
KEY FEATURES:
Delta-Colored Volume Profile: Displays volume distribution across price bins with automatic delta coloring - green bins show buyer dominance, red bins show seller control at each price level
High Volume Nodes (HVN) Detection: Automatically identifies and marks price levels with ≥80% of POC volume using yellow diamond markers - these act as magnetic support/resistance zones where institutions built positions
Low Volume Nodes (LVN) Detection: Marks thin volume areas with gray diamond markers - zones where price moves quickly with minimal friction, ideal for breakout targets
Adaptive Smart Pivots: ATR-based pivot detection that automatically adjusts length based on market volatility - catches more swings in low volatility, filters to major reversals in high volatility
Point of Control (POC) Line: Identifies the price level with maximum traded volume - the market's center of gravity. Line colors by delta: green when buyers dominated, red when sellers controlled the level
Value Area Lines: Dotted lines marking the 70% value area (configurable 50-98%) with delta-based coloring showing cumulative buyer/seller pressure within the range
Circle Pivot Markers: Clean visual markers at confirmed pivot points with translucent horizontal lines extending to current bar
Extend-Until-Touch: Pivot lines automatically retract when price touches them, keeping charts clean and showing active levels only
Dual Profile Modes: Left-side profile (default) or right-pinned bars ahead of price with fully customizable width and padding
Volume-Filtered Pivots: Only displays pivots with significant volume backing (≥20% of POC by default) - institutional turning points, not noise
HOW IT WORKS:
The indicator divides the lookback range (default 200 bars) into volume bins (default 50) and calculates total volume and delta (buying vs selling pressure) at each price level. Each bin is colored green if buyers dominated (close > open majority) or red if sellers controlled (close < open majority).
High Volume Nodes mark price levels where the most trading occurred - these become magnetic support/resistance zones. The Point of Control identifies the single price with maximum volume, acting as the market's gravitational center.
Smart Pivots use ATR to adapt to changing volatility, then filter against the volume profile. Only pivots with substantial volume backing are displayed, ensuring you see institutional turning points, not random noise.
RECOMMENDED SETTINGS:
Scalping (1-5 min): 100 lookback bars, 40 bins, 5-7 pivot length
Day Trading (15 min - 1 hour): 200 lookback bars, 50 bins, 10 pivot length (default)
Swing Trading (4 hour - Daily): 300-500 lookback bars, 60 bins, 15-20 pivot length
USAGE TIPS:
Enter long when price touches green HVN zones with adaptive pivot confirmation
Enter short when price reaches red HVN zones with pivot confirmation
Use POC as first target when entering below it, or as support backup when entering above
Watch for LVN zones as potential breakout acceleration areas
Combine green delta bins + HVN + pivot for highest-probability setups
WHAT MAKES THIS DIFFERENT:
Unlike traditional volume profiles, Volume Matrix Pro colors each bin individually by delta, giving granular insight into buyer/seller control at every price level. The adaptive pivot system adjusts automatically to volatility, while volume-filtering ensures only institutionally-backed turning points are displayed. High/Low Volume Node detection is fully automated with visual markers.
IMPORTANT NOTES:
This is a volume analysis tool - use with trend analysis and risk management
High Volume Nodes show where volume accumulated historically, not future support/resistance guarantees
Adaptive pivots adjust to volatility automatically but can still produce false signals in choppy markets
Best used as confirmation alongside price action, not as a standalone system
Profile recalculates on each bar to reflect current lookback range
TPO Profile Bars 30m PJTradesTPO Profile Bars — Real-Time Market Profile for Any Timeframe
A full-featured TPO (Time Price Opportunity) profile indicator that builds Market Profile directly on your chart with real-time updates. Visualize where price spends the most time, identify value areas, and track unfilled POC levels — all without leaving TradingView.
█ WHAT IT DOES
This indicator constructs TPO profiles that show how long price traded at each level during a given period. Unlike volume profile, TPO measures time — revealing where the market found acceptance vs. rejection.
Each horizontal bar represents a price level, and its width shows how many candles traded through that level. The result is a visual distribution that highlights:
Point of Control (POC) — the price level with the most time spent
Value Area (VAH/VAL) — the range containing 70% of trading activity
Single Prints — levels touched only once, often acting as future support/resistance
█ KEY FEATURES
Two Modes
Daily — one profile per full session
30 Minute — individual profiles for each 30-minute period (e.g., 9:30–10:00, 10:00–10:30)
Live TPO Building
The current period's profile updates in real-time on every tick. Watch the distribution form as price prints — no waiting for the period to close.
Extending POC Lines
Previous POC levels automatically extend forward until price fills them. Unfilled POCs act as magnets and key reference levels for future sessions. Choose to delete, stop, or dash the line once price touches it.
Time-Based Gradient Coloring
TPO bars are colored based on when price traded at each level — early activity vs. late activity within the period. This shows how the profile developed over time, not just the final shape.
Configurable Granularity
Adjust "Ticks Per TPO Level" to control row height. Lower values give more detail (more rows), higher values give cleaner, chunkier profiles. For NQ futures, 8–16 works well on 1-minute charts. A width multiplier lets you scale the horizontal size of the bars independently.
█ HOW TO USE
Add to a 1-minute or 5-minute chart
Select "30 Minute" or "Daily" mode
Adjust "Ticks Per TPO Level" for your instrument — start around 8–12 for index futures, 4–8 for forex
Use the "TPO Bar Width Multiplier" if bars appear too narrow on your timeframe
Key things to watch for:
Profiles shaped like a "P" suggest buying activity (long liquidation or short covering above value)
Profiles shaped like a "b" suggest selling activity (long liquidation below value)
Symmetrical "D" shaped profiles indicate balance — expect range-bound behavior
Single prints mark fast directional moves — these levels often get revisited
Unfilled POC lines from prior sessions act as support/resistance targets
█ SETTINGS
Timeframe Settings
TPO Calculation Period — Daily or 30 Minute
Session Time — define the session window (default 0000–2359)
TPO Configuration
Ticks Per TPO Level — controls row granularity (lower = more detail)
TPO Bar Width Multiplier — scales horizontal bar width
Value Area % — percentage of TPO count for value area calculation (default 70%)
Max Sessions — how many recent profiles to display
Display Options
Toggle TPO bars, POC, VAH/VAL lines, value area background, single prints, open/close markers, and live TPO independently
Extend Single Prints — stretch single print levels to the right edge
Extend Previous VA Levels — carry forward VAH/VAL lines
POC Extension
Extend Previous POCs Until Filled — POC lines persist until price revisits them
When POC Filled — choose to delete the line, stop extending, or switch to dashed
Max Historical POC Lines — cap on how many unfilled POCs to track
█ NOTES
Best used on 1-minute charts for 30-minute mode (gives ~30 candles per profile for good resolution)
5-minute charts work but profiles will have fewer TPO counts per level
Pine Script limits apply — max 500 boxes, so very granular settings may reduce the number of visible profiles
The indicator uses request.security for 30-minute bar detection, which means it works accurately across any chart timeframe below 30 minutes
Dynamic Volume Trace Profile [ChartPrime]⯁ OVERVIEW
Dynamic Volume Trace Profile is a reimagined take on volume profile analysis. Instead of plotting a static horizontal histogram on the side of your chart, this indicator projects dynamic volume trace lines directly onto the price action. Each bin is color-graded according to its relative strength, creating a living “volume skeleton” of the market. The orange trace highlights the current Point of Control (POC)—the price level with maximum historical traded volume within the lookback window. On the right side, the tool builds a mini profile, showing absolute volume per bin alongside its percentage share, where the POC always represents 100% strength .
⯁ KEY FEATURES
Dynamic On-Chart Bins:
The range between highest high and lowest low is split into 25 bins. Each bin is drawn as a horizontal trace line across the lookback chart period.
Gradient Color Encoding:
Trace lines fade from transparent to teal depending on relative volume size. The more intense the teal, the stronger the historical traded activity at that level.
Automatic POC Highlight:
The bin with the highest aggregated volume is flagged with an orange line . This POC adapts bar-by-bar as volume distribution shifts.
Right-Side Volume Profile:
At the chart’s right edge, the script prints a box-style profile. Each bin shows:
• Total volume (absolute units).
• Percentage of max volume, in parentheses (POC bin = 100%).
This gives both raw and normalized context at a glance.
Adjustable Lookback Window:
The lookback defines how many bars feed the profile. Increase for stable HTF zones or decrease for responsive intraday distributions.
POC Toggle & Styling:
Optionally toggle POC highlighting on/off, adjust colors, and set line thickness for better integration with your chart theme.
⯁ HOW IT WORKS (UNDER THE HOOD)
Step Sizing:
over last 100 bars is divided by to calculate bin height.
Volume Aggregation:
For each bar in the , the script checks which bin the close falls into, then adds that bar’s volume to the bin’s counter.
Gradient Mapping:
Bin volume is normalized against the max volume across all bins. That value is mapped onto a gradient from transparent → teal.
POC Logic:
The bin with highest volume is colored orange both on the dynamic trace and in the right-side profile.
Right-Hand Profile:
Boxes are drawn for each bin proportional to volume / maxVolume × 50 units, with text labels showing both absolute volume and normalized %.
⯁ USAGE
Use the orange trace as the dominant “magnet” level—price often gravitates to the POC.
Watch for clusters of strong teal traces as areas of high acceptance; thin or faint zones mark low-liquidity gaps prone to fast moves.
On intraday charts, tighten lookback to reveal session-based distributions . For swing or position trading, expand lookback to surface more durable volume shelves.
Compare the right-side profile % to judge how “top-heavy” or “bottom-heavy” the current distribution is.
Use bright, intense color traces as context for confluence with structure, OBs, or liquidity hunts.
⯁ CONCLUSION
Dynamic Volume Trace Profile takes the traditional volume profile and fuses it into the body of price itself. Instead of a fixed sidebar, you see gradient traces layered directly on the chart, giving real-time context of where volume concentrated and where price may be drawn. With built-in POC highlighting, normalized % readouts, and an adaptive right-side profile, it offers both precision levels and market structure awareness in a cleaner, more intuitive form.
Volume Channel Flow [ChartPrime]⯁ OVERVIEW — Volume Channel Flow
The Volume Channel Flow indicator dynamically tracks evolving trend channels while simultaneously analyzing volume distribution within each channel segment.
By combining adaptive volatility-based channel boundaries with real-time volume profiling, the tool highlights directional bias, structural breakouts, and zones where buy/sell pressure is concentrated.
This makes it a powerful hybrid of a trend-tracking system and a miniature volume-profile engine that updates live as the market moves.
⯁ CONCEPTS
Dynamic Volatility Channel:
Upper and lower channel levels are continuously recalculated using ATR. These levels shift only when price breaks outside the previous channel, signaling a trend transition.
Channel Segmentation:
When a channel shift occurs, the previous segment is closed and visually plotted as its own range — allowing traders to inspect each discrete “flow phase” of the market.
Embedded Volume Profile:
Inside each channel segment, the indicator builds a mini volume histogram using user-defined binning. This creates a quick visual read of how volume was distributed within that price range.
Point of Control (PoC):
The price level with the highest traded volume inside each completed segment is detected and plotted as a dashed horizontal PoC line.
Flow Bias (Bullish/Bearish):
The volume profile color adapts depending on whether cumulative delta volume (buy minus sell pressure) is positive or negative for the segment.
Breakout Labels:
When a new channel is formed, arrows mark whether the breakout occurred upward or downward.
⯁ FEATURES
Adaptive Trend Channel Construction
Channels update only when price closes beyond upper or lower volatility thresholds. This isolates trend shifts with minimal noise.
Channel Visualization Options
Choose to display full channel boxes or only trend lines using customizable styling.
Real-Time Volume Profiling
As long as the channel remains active, volume distribution is recalculated live on every bar.
PoC Projection
The PoC is drawn across the channel range, marking the highest-volume price level for each segment.
Directional Delta Coloring
Volume profiles automatically shift to bullish or bearish colors based on cumulative delta inside the channel.
Breakout Detection
Arrows highlight each transition into a new channel regime.
⯁ HOW TO USE
Spot trend changes using breakout arrows and the creation of new trend channels.
Gauge strength of a channel by examining the density and shape of the internal volume profile.
Use PoC levels as potential support/resistance interaction zones.
Validate momentum by checking whether volume delta shows bullish or bearish dominance.
Monitor channel edges to anticipate continuation or reversal setups.
⯁ CONCLUSION
The Volume Channel Flow indicator merges trend structure with volume analytics, providing a continuously adaptive picture of market flow.
It not only detects where trend phases begin and end, but also reveals what type of volume behavior shaped each segment, offering a deeper understanding of trend strength and directional pressure.
Volume Cluster Profile [VCP] (Zeiierman)█ Overview
Volume Cluster Profile (Zeiierman) is a volume profile tool that builds cluster-enhanced volume-by-price maps for both the current market window and prior swing segments.
Instead of treating the profile as a raw histogram only, VCP detects the dominant volume peaks (clusters) inside the profile, then uses a Gaussian spread model to “radiate” those peaks into surrounding price bins. This produces a smoother, more context-aware profile that highlights where volume is most meaningfully concentrated, not just where it happened to print.
On top of the live profile, VCP automatically records historical swing profiles between pivots, wraps each segment for clarity, and can project the most recent segment’s High/Low Value extensions (VA/LV) forward to the current bar to keep key structure visible as price evolves.
█ How It Works
⚪ 1) Profile Construction (Volume-by-Price)
VCP builds a volume profile histogram over a chosen window (current lookback, or a swing segment):
Range Scan
The script finds the full min → max price range inside the window.
Bin the Range
That range is divided into a user-defined number of Price Bins (rows). More bins = finer detail, but heavier computation.
Accumulate Volume into Bins
For each bar inside the window, the script takes the bar’s close price, determines which price bin it belongs to, and adds the bar’s volume to that bin.
float step = (maxPrice - minPrice) / binsCount
for i = 0 to barsToUse - 1
int b = f_clamp(int(math.floor((close - minPrice) / step)), 0, binsCount - 1)
volBins += volume
Result: volBins becomes a standard volume-by-price histogram (close-based binning).
⚪ 2) Cluster Detection (Finding Dominant Peaks)
Once the raw histogram is built, VCP identifies cluster centers as the most meaningful volume “hills”:
Local Peak Test
A bin becomes a cluster candidate if its volume is greater than or equal to its immediate neighbors (left/right).
Filter Weak Peaks
Peaks must also be above a basic activity threshold (relative to the average bin volume) to avoid noise.
bool isPeak = v >= left and v >= right
if isPeak and v > avgVol
array.push(clusterIdxs, b)
Keep the Best Peaks Only
If too many peaks exist, the script keeps only the strongest ones, capped by: Max Cluster Centers
Result: clusterIdxs = the set of dominant profile peaks (cluster centers).
⚪ 3) Cluster Enhancement (Gaussian Spread Model)
This is what makes VCP different from a raw profile.
Instead of using volBins directly, the script builds an enhanced profile where each cluster center influences nearby price bins using a Gaussian curve:
Distance from each bin to each cluster center is computed in “bin units”
A Gaussian weight is applied so that bins near the center receive stronger influence, while bins farther away decay smoothly.
Cluster Spread (sigma) controls how wide this influence reaches: low sigma produces tight, sharp clusters, while high sigma results in wider, smoother structure zones.
enhanced += centerV * math.exp(-(dist*dist) / (2.0 * clusterSigma * clusterSigma))
volBinsAI := enhanced / szClFinal
Result: volBinsAI = the cluster-enhanced volume value for each bin.
In practice, VCP turns the profile into a structure map of dominant volume concentrations, rather than a simple “where volume printed” histogram.
⚪ 4) POC from the Enhanced Profile
After enhancement:
The bin with the highest volBinsAI becomes the POC (Point of Control)
POC is plotted at the midpoint price of that bin
if volBinsAI > maxVol
maxVol := volBinsAI , pocBin := b
So the POC reflects the cluster-enhanced profile rather than the raw histogram.
█ How to Use
⚪ Read Cluster Structure (Default = 2 Clusters)
By default, the Volume Cluster Profile (VCP) is configured to detect up to 2 dominant volume clusters within the profile. These clusters represent price zones where the market accepted trading activity, not just where volume printed randomly.
⚪ When TWO Clusters Appear
When VCP detects two distinct clusters, it usually indicates:
Two competing areas of value
Ongoing auction between higher and lower acceptance zones
Treat each cluster as an acceptance zone
Expect slower price action and rotation inside clusters
Expect faster movement in the low-volume space between clusters
Use cluster-to-cluster movement as:
rotation targets
range boundaries
acceptance vs rejection tests
Typical behavior:
Price enters a cluster → stalls, consolidates, rotates
Price rejects at cluster edge → moves toward the opposite cluster
⚪ When ONLY ONE Cluster Appears
If VCP detects only one cluster, or if two clusters visually merge into one:
Volume is no longer split
The market has formed a single dominant value area
Price consensus is strong
Treat the cluster as the primary value anchor
Expect pullbacks and reactions around this zone
Bias becomes directional:
Above the cluster → bullish context
Below the cluster → bearish context
Inside the cluster → balance/chop
This structure often appears during clean trends or stable equilibria.
⚪ VA/LV Extensions
VCP projects two zones from the end of the most recent swing segment:
VA extension = the segment’s highest enhanced-volume bin (dominant zone)
LV extension = the segment’s lowest enhanced-volume bin (thin/weak zone)
A breakout of the VA extension signals acceptance and potential continuation. A retest of the VA or LV extension is used to confirm acceptance or rejection, while rejection from either zone often leads to rotation back toward value.
█ Settings
Cluster Volume Profile
Lookback Bars – how many recent bars build the current profile
Price Bins – profile resolution (more bins = more detail, heavier CPU)
Cluster Spread – Gaussian sigma; higher values widen/smooth cluster influence
Max Cluster Centers – cap on detected peaks used in enhancement
Historical Swing Cluster Volume Profile
Pivot Length – swing sensitivity (larger = fewer, broader segments)
Max Profiles – how many historical segments to retain
Profile Width – thickness of each historical profile
High & Low Value Area
Profile VA/LV – extend the last segment’s top-bin and low-bin zones forward
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Waindrops [Makit0]█ OVERALL
Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H sessions.
As example you can setup unbalanced periods to get independent volume profiles for the overnight and cash sessions on the futures market, or 24H periods to get the full session volume profile of EURUSD
The purpose of this indicator is twofold:
1 — from a Chartist point of view, to have an indicator which displays the volume in a more readable way
2 — from a Pine Coder point of view, to have an example of use for two very powerful tools on Pine Script:
• the recently updated drawing limit to 500 (from 50)
• the recently ability to use drawings arrays (lines and labels)
If you are new to Pine Script and you are learning how to code, I hope you read all the code and comments on this indicator, all is designed for you,
the variables and functions names, the sometimes too big explanations, the overall structure of the code, all is intended as an example on how to code
in Pine Script a specific indicator from a very good specification in form of white paper
If you wanna learn Pine Script form scratch just start HERE
In case you have any kind of problem with Pine Script please use some of the awesome resources at our disposal: USRMAN , REFMAN , AWESOMENESS , MAGIC
█ FEATURES
Waindrops are a different way of seeing the volume and price plotted in a chart, its a volume profile indicator where you can see the volume of each price level
plotted as a vertical histogram for each half of a custom period. By default the period is 60 so it plots an independent volume profile each 30m
You can think of each waindrop as an user defined candlestick or bar with four key values:
• high of the period
• low of the period
• left vwap (volume weighted average price of the first half period)
• right vwap (volume weighted average price of the second half period)
The waindrop can have 3 different colors (configurable by the user):
• GREEN: when the right vwap is higher than the left vwap (bullish sentiment )
• RED: when the right vwap is lower than the left vwap (bearish sentiment )
• BLUE: when the right vwap is equal than the left vwap ( neutral sentiment )
KEY FEATURES
• Help menu
• Custom periods
• Central bars
• Left/Right VWAPs
• Custom central bars and vwaps: color and pixels
• Highly configurable volume histogram: execution window, ticks, pixels, color, update frequency and fine tuning the neutral meaning
• Volume labels with custom size and color
• Tracking price dot to be able to see the current price when you hide your default candlesticks or bars
█ SETTINGS
Click here or set any impar period to see the HELP INFO : show the HELP INFO, if it is activated the indicator will not plot
PERIOD SIZE (max 2880 min) : waindrop size in minutes, default 60, max 2880 to allow the first half of a 48H period as a full session volume profile
BARS : show the central and vwap bars, default true
Central bars : show the central bars, default true
VWAP bars : show the left and right vwap bars, default true
Bars pixels : width of the bars in pixels, default 2
Bars color mode : bars color behavior
• BARS : gets the color from the 'Bars color' option on the settings panel
• HISTOGRAM : gets the color from the Bearish/Bullish/Neutral Histogram color options from the settings panel
Bars color : color for the central and vwap bars, default white
HISTOGRAM show the volume histogram, default true
Execution window (x24H) : last 24H periods where the volume funcionality will be plotted, default 5
Ticks per bar (max 50) : width in ticks of each histogram bar, default 2
Updates per period : number of times the histogram will update
• ONE : update at the last bar of the period
• TWO : update at the last bar of each half period
• FOUR : slice the period in 4 quarters and updates at the last bar of each of them
• EACH BAR : updates at the close of each bar
Pixels per bar : width in pixels of each histogram bar, default 4
Neutral Treshold (ticks) : delta in ticks between left and right vwaps to identify a waindrop as neutral, default 0
Bearish Histogram color : histogram color when right vwap is lower than left vwap, default red
Bullish Histogram color : histogram color when right vwap is higher than left vwap, default green
Neutral Histogram color : histogram color when the delta between right and left vwaps is equal or lower than the Neutral treshold, default blue
VOLUME LABELS : show volume labels
Volume labels color : color for the volume labels, default white
Volume Labels size : text size for the volume labels, choose between AUTO, TINY, SMALL, NORMAL or LARGE, default TINY
TRACK PRICE : show a yellow ball tracking the last price, default true
█ LIMITS
This indicator only works on intraday charts (minutes only) up to 12H (720m), the lower chart timeframe you can use is 1m
This indicator needs price, time and volume to work, it will not work on an index (there is no volume), the execution will not be allowed
The histogram (volume profile) can be plotted on 24H sessions as limit but you can plot several 24H sessions
█ ERRORS AND PERFORMANCE
Depending on the choosed settings, the script performance will be highly affected and it will experience errors
Two of the more common errors it can throw are:
• Calculation takes too long to execute
• Loop takes too long
The indicator performance is highly related to the underlying volatility (tick wise), the script takes each candlestick or bar and for each tick in it stores the price and volume, if the ticker in your chart has thousands and thousands of ticks per bar the indicator will throw an error for sure, it can not calculate in time such amount of ticks.
What all of that means? Simply put, this will throw error on the BITCOIN pair BTCUSD (high volatility with tick size 0.01) because it has too many ticks per bar, but lucky you it will work just fine on the futures contract BTC1! (tick size 5) because it has a lot less ticks per bar
There are some options you can fine tune to boost the script performance, the more demanding option in terms of resources consumption is Updates per period , by default is maxed out so lowering this setting will improve the performance in a high way.
If you wanna know more about how to improve the script performance, read the HELP INFO accessible from the settings panel
█ HOW-TO SETUP
The basic parameters to adjust are Period size , Ticks per bar and Pixels per bar
• Period size is the main setting, defines the waindrop size, to get a better looking histogram set bigger period and smaller chart timeframe
• Ticks per bar is the tricky one, adjust it differently for each underlying (ticker) volatility wise, for some you will need a low value, for others a high one.
To get a more accurate histogram set it as lower as you can (min value is 1)
• Pixels per bar allows you to adjust the width of each histogram bar, with it you can adjust the blank space between them or allow overlaping
You must play with these three parameters until you obtain the desired histogram: smoother, sharper, etc...
These are some of the different kind of charts you can setup thru the settings:
• Balanced Waindrops (default): charts with waindrops where the two halfs are of same size.
This is the default chart, just select a period (30m, 60m, 120m, 240m, pick your poison), adjust the histogram ticks and pixels and watch
• Unbalanced Waindrops: chart with waindrops where the two halfs are of different sizes.
Do you trade futures and want to plot a waindrop with the first half for the overnight session and the second half for the cash session? you got it;
just adjust the period to 1860 for any CME ticker (like ES1! for example) adjust the histogram ticks and pixels and watch
• Full Session Volume Profile: chart with waindrops where only the first half plots.
Do you use Volume profile to analize the market? Lucky you, now you can trick this one to plot it, just try a period of 780 on SPY, 2760 on ES1!, or 2880 on EURUSD
remember to adjust the histogram ticks and pixels for each underlying
• Only Bars: charts with only central and vwap bars plotted, simply deactivate the histogram and volume labels
• Only Histogram: charts with only the histogram plotted (volume profile charts), simply deactivate the bars and volume labels
• Only Volume: charts with only the raw volume numbers plotted, simply deactivate the bars and histogram
If you wanna know more about custom full session periods for different asset classes, read the HELP INFO accessible from the settings panel
EXAMPLES
Full Session Volume Profile on MES 5m chart:
Full Session Unbalanced Waindrop on MNQ 2m chart (left side Overnight session, right side Cash Session):
The following examples will have the exact same charts but on four different tickers representing a futures contract, a forex pair, an etf and a stock.
We are doing this to be able to see the different parameters we need for plotting the same kind of chart on different assets
The chart composition is as follows:
• Left side: Volume Labels chart (period 10)
• Upper Right side: Waindrops (period 60)
• Lower Right side: Full Session Volume Profile
The first example will specify the main parameters, the rest of the charts will have only the differences
MES :
• Left: Period size: 10, Bars: uncheck, Histogram: uncheck, Execution window: 1, Ticks per bar: 2, Updates per period: EACH BAR,
Pixels per bar: 4, Volume labels: check, Track price: check
• Upper Right: Period size: 60, Bars: check, Bars color mode: HISTOGRAM, Histogram: check, Execution window: 2, Ticks per bar: 2,
Updates per period: EACH BAR, Pixels per bar: 4, Volume labels: uncheck, Track price: check
• Lower Right: Period size: 2760, Bars: uncheck, Histogram: check, Execution window: 1, Ticks per bar: 1, Updates per period: EACH BAR,
Pixels per bar: 2, Volume labels: uncheck, Track price: check
EURUSD :
• Upper Right: Ticks per bar: 10
• Lower Right: Period size: 2880, Ticks per bar: 1, Pixels per bar: 1
SPY :
• Left: Ticks per bar: 3
• Upper Right: Ticks per bar: 5, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 2, Pixels per bar: 2
AAPL :
• Left: Ticks per bar: 2
• Upper Right: Ticks per bar: 6, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 1, Pixels per bar: 2
█ THANKS TO
PineCoders for all they do, all the tools and help they provide and their involvement in making a better community
scarf for the idea of coding a waindrops like indicator, I did not know something like that existed at all
All the Pine Coders, Pine Pros and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very grateful indeed
I'm learning at each step of the way from you all, thanks for this awesome community;
Opensource and shared knowledge: this is the way! (said with canned voice from inside my helmet :D)
█ NOTE
This description was formatted following THIS guidelines
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I sincerely hope you enjoy reading and using this work as much as I enjoyed developing it :D
GOOD LUCK AND HAPPY TRADING!
PATTERNPULSE / Stttrading F.VelazquezPATTERNPULSE
Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.
Key Features :
Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.
Usage Instructions:
Engulfing Candles:
Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.
RSI Indicator:
Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.
Alert System:
Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.
Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.
Volume Profile in PatternPulse:
In the paid version of the PatternPulse indicator, an advanced Volume Profile tool is included, offering a detailed view of how volume is distributed across different price levels over a specific period. Here's how it works:
Show Volume Profile: You can toggle the display of the volume profile on the chart using the Show VP option.
Depth and Number of Bars Configuration: The tool allows you to adjust the Volume Profile Lookback Depth, which defines how many periods back will be analyzed to calculate the volume profile. You can also set the number of bars (VP Number of Bars) to be displayed on the chart, as well as the bar length and width to customize its appearance.
Delta Type: You can choose from different delta types for the volume profile: Bullish, Bearish, or Both. This enables you to focus on volumes associated with bullish price movements, bearish movements, or both.
Point of Control (POC): The tool also offers an option to extend the Point of Control (POC) line on the volume profile. The POC represents the price level with the highest traded volume during the analyzed period.
Customizable Colors: You can customize the colors of the volume profile bars and the Point of Control (POC) to match your visual preferences.
How to Use It:
The volume profile helps identify price levels where significant volume has been traded, which can be crucial for determining key support and resistance levels in the market. Adjust the parameters to fit your needs for a clear and precise visualization that supports your technical analysis.
Info Box in PatternPulse
In the paid version of PatternPulse, you'll find an info box that provides a comprehensive view of various market aspects. Here's how it works:
General Information: At the top of the info box, you'll see the title "PATTERNPULSEVIP® Info. BOX" in grey with orange text. This title helps you identify that you are viewing the information section.
CCL Dollar: The info box displays the value of the CCL (Contado con Liquidación) dollar for Argentina, which is an important reference for investors in that market.
Indices and Metals: This section includes information on the US Dollar Index (DXY), the Euro Index (EXY), as well as the prices of gold and silver.
Crypto Dominance: Here, you'll see the dominance of Bitcoin (BTC) and Ethereum (ETH) in the cryptocurrency market, helping you understand the influence of these cryptocurrencies on the global market.
MACD: The info box shows the current MACD (Moving Average Convergence Divergence) trend. The trend can be bullish or bearish, providing additional insight into market direction.
RSI: The current RSI (Relative Strength Index) value is also displayed. If the RSI indicates overbought conditions (above 75), the info box will turn teal with white text. If it indicates oversold conditions (below 25), the info box will turn maroon with white text.
Customization: You can adjust the horizontal offset of the info box from the chart and change the style and color of the text to suit your visual preferences.
This info box provides key data at a glance, making it easier to make informed decisions in your technical analysis. Adjust the settings according to your needs to get the most relevant information for your trading strategy.
Bollinger Bands in PatternPulse
In the paid version of PatternPulse, we’ve added the Bollinger Bands (BB) indicator to help you analyze market volatility and trends. Here’s a breakdown of how to use it:
1. Display Options:
Show BB: You can toggle the visibility of the Bollinger Bands on your chart using the "Show BB" option.
2. Configuration:
Length: Adjust the length of the moving average used to calculate the Bollinger Bands. The default is set to 20 periods, but you can modify it to fit your trading strategy.
Source: Choose the data source for the Bollinger Bands calculation, with the default being the closing price.
Standard Deviation: Set the number of standard deviations away from the moving average for the upper and lower bands. The default is 2.0, which is commonly used.
3. Plotting:
Basis: The middle line (basis) of the Bollinger Bands is plotted, which is a simple moving average (SMA) of the specified length.
Upper and Lower Bands: The upper and lower bands are plotted based on the standard deviation from the basis line.
Offset: Adjust the horizontal position of the bands on your chart to better align with your analysis needs.
4. Visualization:
Color: The Bollinger Bands and their background fill are color-coded for easy interpretation. The default colors are shades of blue, but you can customize them if needed.
These Bollinger Bands will help you to visualize price volatility and identify potential market opportunities based on how the price interacts with these bands. Adjust the settings according to your trading preferences to get the most out of this feature.
Parabolic SAR in PatternPulse
In the advanced version of PatternPulse, we've added the Parabolic SAR (PSAR) to help you identify potential trend changes in the market. Here's how this tool works:
1. Activating the Indicator:
Show PSAR: You can toggle the visibility of the Parabolic SAR using the "Show PSAR" option. This controls whether the indicator is displayed on your chart.
2. PSAR Settings:
Start: Adjust the initial value for the PSAR calculation. This value sets the starting point for the acceleration of the indicator.
Increment: Defines the rate at which the PSAR increases. This value increases the acceleration parameter with each new high or low.
Maximum Value: Sets the upper limit for the acceleration parameter. This prevents the indicator from moving too quickly in high-volatility conditions.
3. Visualization:
Color of the Dots: The PSAR dots are displayed in teal if the indicator is below the closing price, indicating a bullish trend. They are shown in maroon if the indicator is above the closing price, indicating a bearish trend.
How to Use It: The Parabolic SAR is useful for identifying potential reversal points in the market. When the indicator switches position relative to the price, it can signal a potential trend change. Use this indicator in conjunction with other analysis tools to make more informed trading decisions.
User Explanation EMAs
This part of the indicator utilizes Exponential Moving Averages (EMAs) to help you identify trends and potential entry or exit points in the market. Here’s how they work and how you can customize them:
What are EMAs?
Exponential Moving Averages (EMAs) are indicators that smooth out historical prices to identify the direction of the trend. Unlike Simple Moving Averages, EMAs give more weight to recent prices, making them more responsive to current price changes.
How Each EMA Works:
1° EMA (Adjustable Length):
Purpose: The first EMA provides a short-term view and can help identify recent movements and potential quick trend changes.
Customization: You can adjust the length of this EMA (number of periods) using the "1° EMA length" option.
2° EMA (Adjustable Length):
Purpose: The second EMA acts as a smoother filter, helping to confirm or discredit signals from the first EMA.
Customization: Adjust its length with "2° EMA length".
3° EMA (Adjustable Length):
Purpose: The third EMA provides a longer-term view, helping to identify mid-term trends and significant turning points.
Customization: Modify its length via "3° EMA length".
4° EMA (Adjustable Length):
Purpose: The fourth EMA represents the long-term trend, offering a perspective on the market’s overall direction.
Customization: Change its length using "4° EMA length".
Customizable Colors:
You can choose the colors for each EMA through the provided color options. This allows you to distinguish each EMA on your chart easily and customize its appearance according to your preferences.
EMA Crosses:
Small Crosses (1° and 2° EMAs):
Functionality: When the 1° EMA crosses above the 2° EMA, it may signal a buy (bullish cross). When it crosses below, it may signal a sell (bearish cross).
Visualization: You can enable or disable the display of these small crosses.
Large Crosses (3° and 4° EMAs):
Functionality: Crosses between the 3° and 4° EMAs help identify more significant trend changes. A bullish cross may indicate an uptrend, while a bearish cross may signal a downtrend.
Visualization: You can also enable or disable these large crosses on your chart.
How to Use This Information:
Trend Identification: EMAs help you see whether the market is in an uptrend or downtrend, and crosses between them can indicate potential trading opportunities.
Entry/Exit Signals: Crosses between EMAs can signal optimal times to enter or exit a position.
This set of EMAs provides you with a clear view of different time frames in the market, allowing you to make more informed trading decisions based on the current trend and price changes.
Support and Resistance
Support and Resistance levels are essential tools in technical analysis, helping traders identify key price levels where the market might reverse or pause. This feature of the indicator provides visual markers for these levels and tracks how the price interacts with them.
Parameters:
Lookback Range: Defines the number of bars to look back when identifying pivot points. A larger value considers more historical data.
Bars Since Breakout: Determines how many bars should have passed since a breakout to detect a potential retest.
Retest Detection Limiter: Limits the number of bars actively checked for confirming a retest after a breakout.
Breakouts and Retests: Options to enable or disable detection for breakouts and retests.
Repainting: Controls how the indicator updates based on different criteria such as candle confirmation or high/low values. This affects how often and in what way the indicator adjusts its markings.
Pivot Points:
Pivot Low and High: The indicator identifies key support (pivot lows) and resistance (pivot highs) points based on the historical price action within the defined lookback range.
Boxes and Labels:
Drawing Boxes: Visual boxes are drawn to represent support and resistance levels. These boxes adjust dynamically with price changes and can extend based on user settings.
Breakout Labels: Labels are created when a breakout occurs, marking the point where the price crosses these support or resistance levels.
Retest Labels: When a potential retest is detected, the indicator can label it to signal areas where the price might test the broken support or resistance.
Customization Options:
Box and Label Styling: Users can customize the style, color, and size of the boxes and labels representing support and resistance.
Text Color Override: Option to change the color of text labels independently from the default color settings.
Key Benefits:
Visual Clarity: Easily identify important levels on the chart.
Dynamic Updates: Levels adjust as new price data comes in, providing relevant and up-to-date information.
Customization: Tailor the appearance and behavior of the support and resistance markings to fit your trading style.
This feature enhances your chart analysis by clearly marking critical levels and events, making it easier to spot potential trading opportunities.
Explanation of the Simple Moving Averages (SMA) Functionality
Simple Moving Averages (SMAs) are technical analysis tools used to smooth out price data and identify market trends. This part of the code allows you to add two SMAs to the chart with customizable settings.
Configuration Parameters:
Show SMA 1 and SMA 2: Enables or disables the display of each moving average. You can choose to show SMA 1, SMA 2, or both on your chart.
SMA Length: Defines the number of periods used to calculate each SMA. For example, a length of 14 for SMA 1 and 50 for SMA 2. A longer length smooths the line more, while a shorter length follows price movements more closely.
SMA Source: Sets which price data (e.g., closing price) is used to calculate the SMA.
Color and Width of SMA: Allows you to customize the color and width of each SMA line to fit your visual preference or to clearly distinguish between different SMAs on the chart.
SMA Style: Provides options to change the line style of the SMA to solid, dashed, or dotted, so you can personalize the appearance according to your analysis style.
SMA Calculation:
Calculation: The SMA is calculated by averaging the closing prices (or selected source) over the specified number of periods. This helps to smooth out daily price fluctuations and reveals the overall trend.
Visualization:
Plot for SMA 1 and SMA 2: Draws the SMA lines on the chart according to the specified settings. If you choose to hide an SMA, it will not appear on the chart.
Line Style: The line is drawn according to the selected style (solid, dashed, or dotted), and you can adjust the thickness and color to suit your visual needs.
Key Benefits:
Trend Clarity: SMAs help smooth out price movement and allow you to see the general trend in the market.
Customization: You can adjust the length, color, thickness, and style of the lines to fit your analysis and visual preferences.
Facilitates Analysis: SMAs can be used to identify crossings and important trading signals, such as when a short-term SMA crosses above or below a longer-term SMA.
This functionality provides you with powerful tools to adjust and customize how moving averages are presented on your charts, making it easier to identify trends and signals in the market.
Thank you for exploring the features of our indicator! We hope you find the customization options and tools provided, including the Simple Moving Averages, valuable for your trading analysis. If you have any questions or need further assistance, please feel free to reach out.
We invite you to try out the complete PatternPulse indicator to experience its full range of functionalities and see how it can enhance your trading strategies. Your feedback is always appreciated!
Happy trading!
