Quarterly Theory ICT 02 [TradingFinder] True Open Session 90 Min🔵 Introduction
The Quarterly Theory ICT indicator is an advanced analytical system built on ICT (Inner Circle Trader) concepts and fractal time. It divides time into four quarters (Q1, Q2, Q3, Q4), and is designed based on the consistent repetition of these phases across all trading timeframes (annual, monthly, weekly, daily, and even shorter trading sessions).
Each cycle consists of four distinct phases: the first phase (Q1) is the Accumulation phase, characterized by price consolidation; the second phase (Q2), known as Manipulation or Judas Swing, is marked by initial false movements indicating a potential shift; the third phase (Q3) is Distribution, where price volatility peaks; and the fourth phase (Q4) is Continuation/Reversal, determining whether the previous trend continues or reverses.
🔵 How to Use
The central concept of this strategy is the "True Open," which refers to the actual starting point of each time cycle. The True Open is typically defined at the beginning of the second phase (Q2) of each cycle. Prices trading above or below the True Open serve as a benchmark for predicting the market's potential direction and guiding trading decisions.
The practical application of the Quarterly Theory strategy relies on accurately identifying True Open points across various timeframes.
True Open points are defined as follows :
Yearly Cycle :
Q1: January, February, March
Q2: April, May, June (True Open: April Monthly Open)
Q3: July, August, September
Q4: October, November, December
Monthly Cycle :
Q1: First Monday of the month
Q2: Second Monday of the month (True Open: Daily Candle Open price on the second Monday)
Q3: Third Monday of the month
Q4: Fourth Monday of the month
Weekly Cycle :
Q1: Monday
Q2: Tuesday (True Open: Daily Candle Open Price on Tuesday)
Q3: Wednesday
Q4: Thursday
Daily Cycle :
Q1: 18:00 - 00:00 (Asian session)
Q2: 00:00 - 06:00 (True Open: Start of London Session)
Q3: 06:00 - 12:00 (NY AM)
Q4: 12:00 - 18:00 (NY PM)
90 Min Asian Session :
Q1: 18:00 - 19:30
Q2: 19:30 - 21:00 (True Open at 19:30)
Q3: 21:00 - 22:30
Q4: 22:30 - 00:00
90 Min London Session :
Q1: 00:00 - 01:30
Q2: 01:30 - 03:00 (True Open at 01:30)
Q3: 03:00 - 04:30
Q4: 04:30 - 06:00
90 Min New York AM Session :
Q1: 06:00 - 07:30
Q2: 07:30 - 09:00 (True Open at 07:30)
Q3: 09:00 - 10:30
Q4: 10:30 - 12:00
90 Min New York PM Session :
Q1: 12:00 - 13:30
Q2: 13:30 - 15:00 (True Open at 13:30)
Q3: 15:00 - 16:30
Q4: 16:30 - 18:00
Micro Cycle (22.5-Minute Quarters) : Each 90-minute quarter is further divided into four 22.5-minute sub-segments (Micro Sessions).
True Opens in these sessions are defined as follows :
Asian Micro Session :
True Session Open : 19:30 - 19:52:30
London Micro Session :
T rue Session Open : 01:30 - 01:52:30
New York AM Micro Session :
True Session Open : 07:30 - 07:52:30
New York PM Micro Session :
True Session Open : 13:30 - 13:52:30
By accurately identifying these True Open points across various timeframes, traders can effectively forecast the market direction, analyze price movements in detail, and optimize their trading positions. Prices trading above or below these key levels serve as critical benchmarks for determining market direction and making informed trading decisions.
🔵 Setting
Show True Range : Enable or disable the display of the True Range on the chart, including the option to customize the color.
Extend True Range Line : Choose how to extend the True Range line on the chart, with the following options:
None: No line extension
Right: Extend the line to the right
Left: Extend the line to the left
Both: Extend the line in both directions (left and right)
Show Table : Determines whether the table—which summarizes the phases (Q1 to Q4)—is displayed.
Show More Info : Adds additional details to the table, such as the name of the phase (Accumulation, Manipulation, Distribution, or Continuation/Reversal) or further specifics about each cycle.
🔵 Conclusion
The Quarterly Theory ICT, by dividing time into four distinct quarters (Q1, Q2, Q3, and Q4) and emphasizing the concept of the True Open, provides a structured and repeatable framework for analyzing price action across multiple time frames.
The consistent repetition of phases—Accumulation, Manipulation (Judas Swing), Distribution, and Continuation/Reversal—allows traders to effectively identify recurring price patterns and critical market turning points. Utilizing the True Open as a benchmark, traders can more accurately determine potential directional bias, optimize trade entries and exits, and manage risk effectively.
By incorporating principles of ICT (Inner Circle Trader) and fractal time, this strategy enhances market forecasting accuracy across annual, monthly, weekly, daily, and shorter trading sessions. This systematic approach helps traders gain deeper insight into market structure and confidently execute informed trading decisions.
Chart patterns
ID 10 Second BarsEnters numbers 1, 3 and 5 under the appropriate bars on the 10 second chart and permits you to adjust the colors of each number.
ST -Dashboard Volume MTF , [Sese04]User Guide: ST - Dashboard Volume MTF
Introduction
This script displays a multi-timeframe (MTF) volume dashboard, tracking buy and sell volumes and the moving averages of volume. It is designed for traders using ICT (Inner Circle Trader) and SMC (Smart Money Concepts) to quickly visualize market dynamics across multiple timeframes.
Settings and Features
📌 User Inputs
Customizable settings allow traders to adjust the dashboard display and volume moving averages.
Volume Display per Timeframe
show_vol_1m: Show volume for 1-minute chart.
show_vol_5m: Show volume for 5-minute chart.
show_vol_15m: Show volume for 15-minute chart.
show_vol_1h: Show volume for 1-hour chart.
show_vol_4h: Show volume for 4-hour chart.
show_vol_1d: Show volume for 1-day chart.
Volume Moving Average Settings
ma_length_short: Length of the short-term moving average (default 5 periods).
ma_length_long: Length of the long-term moving average (default 14 periods).
Dashboard Customization
dashboard_position: Dashboard position (Bottom Right, Bottom Left, Top Right, Top Left).
text_color: Text color for the dashboard.
text_size: Text size (small, normal, large).
How the Script Works
🔹 1. Calculating Buy and Sell Volume
The calculate_buy_sell function separates buy and sell volume based on the candle's open and close price:
If the closing price is higher than the opening price → Buy volume 📈.
If the closing price is lower or equal to the opening price → Sell volume 📉.
🔹 2. Retrieving Volume Data Across Multiple Timeframes
The function get_volumes collects buy and sell volume data for different timeframes using request.security().
The available timeframes are: 1m, 5m, 15m, 1h, 4h, and 1d.
🔹 3. Calculating Volume Moving Averages
The script uses ta.sma() to compute moving averages for volume trends:
ma_vol_short: Short-term moving average (e.g., 5 periods).
ma_vol_long: Long-term moving average (e.g., 14 periods).
🔹 4. Creating and Displaying the Dashboard
A table (table.new()) is generated at the last bar (barstate.islast) to display the volume data:
A title “📊 Volume Dashboard (Buy vs Sell)” in purple.
Column headers:
TIMEFRAME (e.g., 1M, 5M, 15M, 1H, 4H, 1D).
BUY VOLUME (dark blue).
SELL VOLUME (dark red).
Buy and Sell Volume values are displayed in their respective cells for easy reading.
How to Use This Script on TradingView?
Adding the Script
Open TradingView.
Go to Pine Editor and paste the script.
Click "Add to Chart".
Configuring the Settings
Open the indicator settings.
Enable/disable the desired timeframes.
Adjust the moving average lengths if necessary.
Interpreting the Data
Increasing buy volume across timeframes may indicate bullish momentum.
Rising sell volume suggests a bearish reversal.
Crossovers of volume moving averages can help detect market shifts.
Conclusion
This script is a powerful tool for analyzing volume dynamics across multiple timeframes. It provides a quick overview of the balance between buyers and sellers, essential for ICT scalping and liquidity-based trading.
🚀 Pro Tip: Combine this dashboard with other SMC indicators (engulfing candles, pivot points) to refine your trading decisions.
Quarterly Theory ICT 01 [TradingFinder] XAMD + Q1-Q4 Sessions🔵 Introduction
The Quarterly Theory ICT indicator is an advanced analytical system based on the concepts of ICT (Inner Circle Trader) and fractal time. It divides time into quarterly periods and accurately determines entry and exit points for trades by using the True Open as the starting point of each cycle. This system is applicable across various time frames including annual, monthly, weekly, daily, and even 90-minute sessions.
Time is divided into four quarters: in the first quarter (Q1), which is dedicated to the Accumulation phase, the market is in a consolidation state, laying the groundwork for a new trend; in the second quarter (Q2), allocated to the Manipulation phase (also known as Judas Swing), sudden price changes and false moves occur, marking the true starting point of a trend change; the third quarter (Q3) is dedicated to the Distribution phase, during which prices are broadly distributed and price volatility peaks; and the fourth quarter (Q4), corresponding to the Continuation/Reversal phase, either continues or reverses the previous trend.
By leveraging smart algorithms and technical analysis, this system identifies optimal price patterns and trading positions through the precise detection of stop-run and liquidity zones.
With the division of time into Q1 through Q4 and by incorporating key terms such as Quarterly Theory ICT, True Open, Accumulation, Manipulation (Judas Swing), Distribution, Continuation/Reversal, ICT, fractal time, smart algorithms, technical analysis, price patterns, trading positions, stop-run, and liquidity, this system enables traders to identify market trends and make informed trading decisions using real data and precise analysis.
♦ Important Note :
This indicator and the "Quarterly Theory ICT" concept have been developed based on material published in primary sources, notably the articles on Daye( traderdaye ) and Joshuuu . All copyright rights are reserved.
🔵 How to Use
The Quarterly Theory ICT strategy is built on dividing time into four distinct periods across various time frames such as annual, monthly, weekly, daily, and even 90-minute sessions. In this approach, time is segmented into four quarters, during which the phases of Accumulation, Manipulation (Judas Swing), Distribution, and Continuation/Reversal appear in a systematic and recurring manner.
The first segment (Q1) functions as the Accumulation phase, where the market consolidates and lays the foundation for future movement; the second segment (Q2) represents the Manipulation phase, during which prices experience sudden initial changes, and with the aid of the True Open concept, the real starting point of the market’s movement is determined; in the third segment (Q3), the Distribution phase takes place, where prices are widely dispersed and price volatility reaches its peak; and finally, the fourth segment (Q4) is recognized as the Continuation/Reversal phase, in which the previous trend either continues or reverses.
This strategy, by harnessing the concepts of fractal time and smart algorithms, enables precise analysis of price patterns across multiple time frames and, through the identification of key points such as stop-run and liquidity zones, assists traders in optimizing their trading positions. Utilizing real market data and dividing time into Q1 through Q4 allows for a comprehensive and multi-level technical analysis in which optimal entry and exit points are identified by comparing prices to the True Open.
Thus, by focusing on keywords like Quarterly Theory ICT, True Open, Accumulation, Manipulation, Distribution, Continuation/Reversal, ICT, fractal time, smart algorithms, technical analysis, price patterns, trading positions, stop-run, and liquidity, the Quarterly Theory ICT strategy acts as a coherent framework for predicting market trends and developing trading strategies.
🔵b]Settings
Cycle Display Mode: Determines whether the cycle is displayed on the chart or on the indicator panel.
Show Cycle: Enables or disables the display of the ranges corresponding to each quarter within the micro cycles (e.g., Q1/1, Q1/2, Q1/3, Q1/4, etc.).
Show Cycle Label: Toggles the display of textual labels for identifying the micro cycle phases (for example, Q1/1 or Q2/2).
Table Display Mode: Enables or disables the ability to display cycle information in a tabular format.
Show Table: Determines whether the table—which summarizes the phases (Q1 to Q4)—is displayed.
Show More Info: Adds additional details to the table, such as the name of the phase (Accumulation, Manipulation, Distribution, or Continuation/Reversal) or further specifics about each cycle.
🔵 Conclusion
Quarterly Theory ICT provides a fractal and recurring approach to analyzing price behavior by dividing time into four quarters (Q1, Q2, Q3, and Q4) and defining the True Open at the beginning of the second phase.
The Accumulation, Manipulation (Judas Swing), Distribution, and Continuation/Reversal phases repeat in each cycle, allowing traders to identify price patterns with greater precision across annual, monthly, weekly, daily, and even micro-level time frames.
Focusing on the True Open as the primary reference point enables faster recognition of potential trend changes and facilitates optimal management of trading positions. In summary, this strategy, based on ICT principles and fractal time concepts, offers a powerful framework for predicting future market movements, identifying optimal entry and exit points, and managing risk in various trading conditions.
[TehThomas] - ICT Volume ImbalanceThis script is a Volume Imbalance (VI) detector and visualizer for use on the TradingView platform. The goal of the script is to automatically identify areas where there are significant imbalances in the volume of trades between consecutive candlesticks and visually highlight these areas. These imbalances can provide traders with valuable insights about the market’s current condition, often signaling potential reversal or continuation points based on price and volume action.
ICT (Inner Circle Trader) Concept of Volume Imbalances
Volume imbalances are a critical concept in the ICT trading methodology. They refer to situations where there is an unusual or significant difference in volume between two consecutive candlesticks, which might indicate institutional or large player activity. According to ICT principles, these imbalances can show us areas of market inefficiency or potential price manipulation. By identifying these imbalances, traders can gain an edge in understanding where the market is likely to move next.
Bullish and Bearish Volume Imbalances:
Bullish Volume Imbalance: This occurs when there is a strong increase in buying pressure, typically indicated by a higher volume on a candle that closes significantly above the previous one, often leaving a gap or larger price movement. The market could be preparing to push higher, and the volume shows a clear shift in buying demand.
Bearish Volume Imbalance:
Conversely, a bearish imbalance occurs when there is a strong increase in selling pressure, typically signaled by a candle that closes significantly lower than the previous one, again with higher volume. This could indicate that large players are offloading positions, and the price is likely to drop further.
Key Features and Functions of the Script
The script automates the process of detecting these volume imbalances and visually marking them on a price chart. Let’s explore its functionality in detail.
1. Inputs Section
The script allows for significant customization through its input options, which help traders adjust the detection and visualization of volume imbalances based on their individual preferences and trading style. Below are the details:
lookback (250 bars): This input specifies the number of bars (or candles) the script should look back when analyzing the volume imbalance. By setting this to 250, the user is looking at the last 250 bars on the chart to detect any significant volume imbalances. This period is adjustable between 50 to 500 bars.
volumeThreshold (1.0 multiplier): This input helps set the sensitivity for identifying volume imbalances. The script compares the volume of the current candle with the previous one, and if the current volume exceeds the previous volume by this threshold multiplier (in this case, 1.0 means at least equal to the previous volume), then it triggers an imbalance. Users can adjust the multiplier to suit different market conditions.
showBoxes (true/false): This toggle determines whether the boxes representing volume imbalances are drawn on the chart. When enabled, the script visually highlights the imbalances with colored boxes.
fillBaseColor (orange with 80% opacity): This is the color setting for the background of the imbalance boxes. A softer color (like orange with opacity) ensures the imbalance is highlighted without obscuring the price action.
borderColor (gray): The color of the border around the imbalance boxes. This adds a visual distinction to make the imbalance areas more visible.
borderWidth (1 pixel): This controls the width of the box's border to adjust how prominent it appears.
rightOffset (30 bars): This input controls how far the imbalance box extends to the right on the chart. It helps users anticipate the potential continuation of the imbalance beyond the current candle.
allowWickOverlap (true/false): This setting allows imbalances to be identified even if the wicks of the two consecutive candlesticks overlap. If set to false, only imbalances where the bodies of the candlesticks don’t overlap are considered.
showBrokenBoxes (true/false): If enabled, once a volume imbalance no longer holds true (i.e., the price breaks through the box), the box is marked as "broken." If disabled, the box is deleted when the imbalance condition no longer applies.
brokenBoxColor (red): This controls the color of the box when it is broken, which can be used as a visual cue that the imbalance was invalidated or no longer valid for analysis.
2. Volume Imbalance Function
This is the core function of the script, where the logic to detect bullish and bearish volume imbalances is implemented.
Bullish Imbalance Condition:
The first condition checks if the low of the current candle is greater than the high of the previous candle. This suggests that the market is moving upward with buying pressure.
The second condition checks whether the volume of the current candle is higher than the previous candle by the volumeThreshold multiplier. If both conditions are satisfied, a bullish imbalance is detected.
Bearish Imbalance Condition:
The first condition checks if the high of the current candle is lower than the low of the previous candle. This suggests downward price action with selling pressure.
The second condition checks whether the current volume exceeds the previous volume by the threshold
Allow Wick Overlap: If allowWickOverlap is set to true, the script will still detect imbalances if the wicks of the two candles overlap (common in volatile markets). If false, imbalances are only considered if the wicks do not overlap.
3. Box Creation and Management
When a volume imbalance is detected, the script creates a box on the chart:
The bullish imbalance box is drawn using the minimum of the open and close of the current bar as the top boundary and the maximum of the open and close of the previous bar as the bottom boundary.
Conversely, the bearish imbalance box is drawn in reverse, using the maximum of the current bar’s open and close as the top boundary and the minimum of the previous bar’s open and close as the bottom boundary.
Once the box is created, it is displayed on the chart with the specified background color, border color, and width.
4. Processing Existing Boxes
After detecting a new imbalance and drawing a box, the script checks whether the box should still remain on the chart:
If the price moves beyond the boundaries of the imbalance box, the box is marked as broken (if showBrokenBoxes is enabled), and its color is changed to red, signifying that the imbalance is no longer valid.
If the box remains intact (i.e., the price has not broken the defined boundaries), the script keeps the box extended to the right as the market continues to evolve.
5. Removing Outdated Boxes
Lastly, the script removes boxes that are older than the specified lookback period. For example, if a box was created 250 bars ago, it will be deleted after that period. This ensures the chart stays clean and only focuses on relevant imbalances.
Why This Script is Useful for Traders
This script is extremely valuable for traders, especially those following the ICT methodology, because it automates the process of detecting market inefficiencies or imbalances that might signal future price action. Here’s why it’s particularly useful:
Identifying Key Areas of Interest: Volume imbalances often point to areas where institutional or large-scale traders have entered the market. These areas could provide clues about the next significant move in the market.
Visualizing Market Structure: By automatically drawing boxes around volume imbalances, the script helps traders visually identify potential areas of support, resistance, or turning points, enabling them to make informed trading decisions.
Time Efficiency: Instead of manually analyzing each candlestick and volume spike, this script does the heavy lifting, saving traders valuable time and allowing them to focus on other aspects of their strategy.
Enhanced Trade Entries and Exits: By understanding where volume imbalances are occurring, traders can time their entries (buying during bullish imbalances and selling during bearish ones) and exits (as imbalances break) more effectively, thus improving their chances of success.
Conclusion
In summary, this script is a powerful tool for traders looking to implement volume imbalance strategies based on the ICT methodology. It automates the identification and visualization of significant imbalances in price and volume, offering traders a clear visual representation of potential market turning points. By customizing the settings, traders can tailor the script to their preferred timeframes and sensitivity, making it a flexible and effective tool for any trading strategy.
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Chart Box Session Indicator [The Quant Science]This indicator allows highlighting specific time sessions within a chart by creating colored boxes to represent the price range of the selected session. Is an advanced and flexible tool for chart segmenting trading sessions. Thanks to its extensive customization options and advanced visualization features, it allows traders to gain a clear representation of key market areas based on chosen time intervals.
The indicator offers two range calculation modes:
Body to Body: considers the range between the opening and closing price.
Wick to Wick: considers the range between the session's low and high.
Body To Body
Wick to Wick
Key Features
1. Session Configuration
- Users can select the time range of the session of interest.
- Option to choose the day of the week for the calculation.
- Supports UTC timezone selection to correctly align data.
2. Customizable Visualization
- Option to display session price lines.
- Ability to show a central price line.
- Extension of session lines beyond the specified duration.
3. Design Display Configuration
- Three different background configurations to suit light and dark themes.
- Two gradient modes for session coloring:
- Centered: the color is evenly distributed.
- Off-Centered: the gradient is asymmetrical.
How It Works
The indicator determines whether the current time falls within the selected session, creating a colored box that highlights the corresponding price range. Depending on user preferences, the indicator draws horizontal lines at the minimum and maximum price levels and, optionally, a central line.
During the session:
- The lowest and highest session prices are dynamically updated.
- The range is divided into 10 bands to create a gradient effect.
- A colored box is generated to visually highlight the chosen session.
If the Extend Lines option is enabled, price lines continue even after the session ends, keeping the range visible for further analysis.
This indicator is useful for traders who want to analyze price behavior in specific timeframes. It is particularly beneficial for strategies based on market sessions (e.g., London or New York open) or for identifying accumulation and distribution zones.
cashdata by farashahThis indicator is designed to generate wave charts following the NeoWave method.
NeoWave, developed by Glenn Neely in 1990, offers a scientific and objective approach to wave analysis.
A Cash Data is essential for accurate analysis, requiring highs and lows to be plotted in the exact order they occurred—a process that can be complex and time-consuming.
The indicator automates this process by identifying highs and lows for any symbol and timeframe, plotting them in real-time.
For instance, on a monthly timeframe, it finds yearly highs and lows and arranges them sequentially, forming a "Yearly Wave Chart" for NeoWave analysis.
•Generates Wave Charts for multiple timeframes(yearly, monthly, weekly, daily, hourly, minutely).
• Provides real-time auto-updating Wave Charts.
• Supports plotting based on calendar time, bar count, or equal distances.
• Compatible with all account types.
Triangle Reversal IndicatorTriangle Reversal Indicator – A Visual Tool for Identifying Reversal Patterns
This indicator is designed to highlight potential trend reversal moments by comparing the current candle with the previous one. It offers a unique approach by focusing on distinct candle patterns rather than generic trend indicators, making it a valuable addition to your trading toolkit.
How It Works:
For a bullish signal, the indicator checks if:
The current candle is bullish (closing higher than it opens) while the previous candle was bearish.
The current candle’s low breaches the previous bearish candle’s low.
The current candle’s close is above the previous bearish candle’s close.
When these conditions are met, a tiny green triangle is plotted below the candle to signal a potential bullish reversal.
Conversely, for a bearish signal, it verifies if:
The current candle is bearish (closing lower than it opens) following a bullish candle.
The current candle’s high exceeds the previous bullish candle’s high.
The current candle’s close falls below the previous bullish candle’s close.
If all conditions are satisfied, a small red triangle appears above the candle to indicate a potential bearish reversal.
How to Use:
Simply apply the indicator on your chart and look for the tiny triangles that appear above or below the candles. These markers can serve as an additional visual cue when confirming entry or exit points, but it’s best used alongside your other analysis techniques.
Customization Options:
Users can further enhance the script by adding inputs for lookback periods, adjusting the triangle size, or modifying colors to match their chart themes.
PriorRange v0.3 [OmarxQQQ/dc_77]PriorRangeLevels is a versatile indicator that plots key price levels based on prior period ranges across multiple timeframes. This tool helps traders identify potential support, resistance, and breakout zones by displaying the High, Low, 75%, 50% (EQ), and 25% levels from the previous period.
Key Features:
- Multi-timeframe analysis from 1-minute to Monthly charts
- Time zone flexibility with options for major global markets (NYC, London, Tokyo, etc.)
- Customizable display for each level (High, Low, 75%, EQ, 25%, Open)
- Clean, organized settings interface with grouped options
- Anchor line marking the start of prior periods
- Current period open price reference
How It Works:
The indicator detects new periods based on your selected timeframe and calculates the range of the previous period. It then plots horizontal lines at the High, Low, and three internal levels (75%, 50%, 25%) extending forward by your specified number of bars. These levels serve as potential support/resistance zones and decision points for your trading strategy.
Trading Applications:
- Use High/Low levels as potential breakout targets or reversal zones
- Monitor price reaction to the EQ (50%) level to gauge trend strength
- Identify intraday support/resistance based on previous period ranges
- Plan entries and exits around established market structure
Each component can be individually customized with different line styles, colors, and widths to match your chart preferences and analytical needs.
Originally created by @dc_77 with enhanced organization, multi-timeframe capabilities, and improved user interface. As Requested by many people.
populi a populo pro populo
GLGT
Machine Learning + Geometric Moving Average 250/500Indicator Description - Machine Learning + Geometric Moving Average 250/500
This indicator combines password-protected market analysis levels with two powerful Geometric Moving Averages (GMA 250 & GMA 500).
🔒 Password-Protected Custom Levels
Access pre-defined long and short price levels for select assets (crypto, stocks, and more) by entering the correct password in the indicator settings.
Once the correct password is entered, the indicator automatically displays:
Green horizontal lines for long entry zones.
Red horizontal lines for short entry zones.
If the password is incorrect, a warning label will appear on the chart.
📈 Geometric Moving Averages (GMA)
This indicator calculates GMA 250 and GMA 500, two long-term trend-following tools.
Unlike traditional moving averages, GMAs use logarithmic smoothing to better handle exponential price growth, making them especially useful for assets with strong trends (e.g., crypto and tech stocks).
GMA 250 (white line) tracks the medium-term trend.
GMA 500 (gold line) tracks the long-term trend.
⚙️ Customizable & Flexible
Works on multiple assets, including cryptocurrencies, equities, and more.
Adaptable to different timeframes and trading styles — ideal for both swing traders and long-term investors.
This indicator is ideal for traders who want to blend custom support/resistance levels with advanced geometric trend analysis to better navigate both volatile and trending markets.
Forex Power Indicator [FindBetterTrades]The Forex Power Indicator is designed to help traders quickly assess the relative strength and weakness of key forex pairs over a set period.
This tool calculates the percentage change in price over the last 5 days and highlights the strongest and weakest performing pairs in a simple table format.
Features:
Scans 10 major forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, CHFJPY, EURGBP, EURJPY, GBPJPY).
Calculates the percentage change over the last 5 days.
Identifies and labels the strongest and weakest pair based on performance.
Displays results in a customizable table, allowing traders to quickly interpret market trends.
How to Use:
The strongest pair (🟢) indicates the currency with the highest performance in the selected period.
The weakest pair (🔴) shows the currency that has lost the most value.
Alerts feature:
Once you add the script to your chart, go to "Create Alert"
Under "Condition", select "Forex Power Indicator ".
The system will use the messages set in the alert() function.
When triggered, the alert will display the message like:
"New strongest currency pair: USDJPY"
"New weakest currency pair: AUDUSD"
Use this information to spot momentum opportunities, potential reversals, or trend continuations in forex trading.
This indicator is for informational purposes only and should be used alongside other technical analysis tools to support trading decisions.
Engulfing Sweeps - Milana TradesEngulfing Sweeps
The Engulfing Sweeps Candle is a candlestick pattern that:
1)Takes liquidity from the previous candle’s high or low.
2)Fully engulfs previous candles upon closing.
3)Indicates strong buying or selling pressure.
4)Helps determine the bias of the next candle.
Logic Behind Engulfing Sweeps
If you analyze this candle on a lower timeframe, you’ll often see popular models like PO3 (Power of Three) or AMD (Accumulation – Manipulation – Distribution).
Once the candle closes, the goal is to enter a position on the retracement of the distribution phase.
How to Use Engulfing Sweeps?
Recommended Timeframes:
4H, Daily, Weekly – these levels hold significant liquidity.
Personally, I prefer 4H, as it provides a solid view of mid-term market moves.
Step1 - Identify Engulfing Sweep Candle
Step 2-Switch to a lower timeframe (15m or 5m).And you task identify optimal trade entry
Look for an entry pattern based on:
FVG (Fair Value Gap)
OB (Order Block)
FIB levels (0/0.25/0.5/ 0.75/ 1)
Wait for confirmation and take the trade.
Automating with TradingView Alerts
To avoid missing the pattern, you can set up alerts using a custom script. Once the pattern forms, TradingView will notify you so you can analyze the chart and take action. This approch helps me be more freedom
TrendPredator FOTrendPredator Fakeout Highlighter (FO)
The TrendPredator Fakeout Highlighter is designed to enhance multi-timeframe trend analysis by identifying key market behaviors that indicate trend strength, weakness, and potential reversals. Inspired by Stacey Burke’s trading approach, this tool focuses on trend-following, momentum shifts, and trader traps, helping traders capitalize on high-probability setups.
At its core, this indicator highlights peak formations—anchor points where price often locks in trapped traders before making decisive moves. These principles align with George Douglas Taylor’s 3-day cycle and Steve Mauro’s BTMM method, making the FO Highlighter a powerful tool for reading market structure. As markets are fractal, this analysis works on any timeframe.
How It Works
The TrendPredator FO highlights key price action signals by coloring candles based on their bias state on the current timeframe.
It tracks four major elements:
Breakout/Breakdown Bars – Did the candle close in a breakout or breakdown relative to the last candle?
Fakeout Bars (Trend Close) – Did the candle break a prior high/low and close back inside, but still in line with the trend?
Fakeout Bars (Counter-Trend Close) – Did the candle break a prior high/low, close back inside, and against the trend?
Switch Bars – Did the candle lose/ reclaim the breakout/down level of the last bar that closed in breakout/down, signalling a possible trend shift?
Reading the Trend with TrendPredator FO
The annotations in this example are added manually for illustration.
- Breakouts → Strong Trend
Multiple candles closing in breakout signal a healthy and strong trend.
- Fakeouts (Trend Close) → First Signs of Weakness
Candles that break out but close back inside suggest a potential slowdown—especially near key levels.
- Fakeouts (Counter-Trend Close) → Stronger Reversal Signal
Closing against the trend strengthens the reversal signal.
- Switch Bars → Momentum Shift
A shift in trend is confirmed when price crosses back through the last closed breakout candles breakout level, trapping traders and fuelling a move in the opposite direction.
- Breakdowns → Trend Reversal Confirmed
Once price breaks away from the peak formation, closing in breakdown, the trend shift is validated.
Customization & Settings
- Toggle individual candle types on/off
- Customize colors for each signal
- Set the number of historical candles displayed
Example Use Cases
1. Weekly Template Analysis
The weekly template is a core concept in Stacey Burke’s trading style. FO highlights individual candle states. With this the state of the trend and the developing weekly template can be evaluated precisely. The analysis is done on the daily timeframe and we are looking especially for overextended situations within a week, after multiple breakouts and for peak formations signalling potential reversals. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration.
📈 Example: Weekly Template Analysis snapshot on daily timeframe
2. High Timeframe 5-Star Setup Analysis (Stacey Burke "ain't coming back" ACB Template)
This analysis identifies high-probability trade opportunities when daily breakout or down closes occur near key monthly levels mid-week, signalling overextensions and potentially large parabolic moves. Key signals for this are breakout or down closes occurring on a Wednesday. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration. Also an indicator can bee seen on this chart shading every Wednesday to identify the signal.
📉 Example: High Timeframe Setup snapshot
3. Low Timeframe Entry Confirmation
FO helps confirm entry signals after a setup is identified, allowing traders to time their entries and exits more precisely. For this the highlighted Switch and/ or Fakeout bars can be highly valuable.
📊 Example (M15 Entry & Exit): Entry and Exit Confirmation snapshot
📊 Example (M5 Scale-In Strategy): Scaling Entries snapshot
The annotations in this examples are added manually for illustration.
Disclaimer
This indicator is for educational purposes only and does not guarantee profits.
None of the information provided shall be considered financial advice.
Users are fully responsible for their trading decisions and outcomes.
Auto Fib Retracement with Buy/SellKey Features of the Advanced Script:
Multi-Timeframe (MTF) Analysis:
We added an input for the higher timeframe (higher_tf), where the trend is checked on a higher timeframe to confirm the primary trend direction.
Complex Trend Detection:
The trend is determined not only by the current timeframe but also by the trend on the higher timeframe, giving a more comprehensive and reliable signal.
Dynamic Fibonacci Levels:
Fibonacci lines are plotted dynamically, extending them based on price movement, with the Fibonacci retracement drawn only when a trend is identified.
Background Color & Labels:
A background color is added to give a clear indication of the trend direction. Green for uptrend, red for downtrend. It makes it visually easier to understand the current market structure.
"Buy" or "Sell" labels are shown directly on the chart to mark possible entry points.
Strategy and Backtesting:
The script includes strategy commands (strategy.entry and strategy.exit), which allow for backtesting the strategy in TradingView.
Stop loss and take profit conditions are added (loss=100, profit=200), which can be adjusted according to your preferences.
Next Steps:
Test with different timeframes: Try changing the higher_tf to different timeframes (like "60" or "240") and see how it affects the trend detection.
Adjust Fibonacci settings: Modify how the Fibonacci levels are calculated or add more Fibonacci levels like 38.2%, 61.8%, etc.
Optimize Strategy Parameters: Fine-tune the entry/exit logic by adjusting stop loss, take profit, and other strategy parameters.
This should give you a robust foundation for creating advanced trend detection strategies
Weekend Filter Candlestick [odnac]Custom Candlestick Chart with Weekend Visibility Toggle
This indicator customizes the appearance of candlesticks by using a dark gray theme for better visibility.
Additionally, it provides an option to hide weekend candles, allowing traders to focus on weekday price action.
Features:
✅ Dark gray candlestick design for a clean and minimalistic look.
✅ Weekend hiding option – Users can enable or disable weekend candles with a simple toggle.
✅ Helps traders avoid weekend noise and focus on key market movements.
How to Use:
Add the indicator to your chart.
Use the "Hide Weekend Candles" setting to toggle weekend visibility.
When enabled, weekend candles will be hidden for a cleaner chart.
When disabled, all candles, including weekends, will be displayed.
This indicator is useful for traders who prefer to analyze weekday trends without unnecessary weekend fluctuations. 🚀
Upward Divergence with RSI ConfirmationThis indicator identifies upward divergences, signaling potential trend reversals from a downtrend to an uptrend. It combines price-action analysis with RSI confirmation to provide high-probability signals for upward momentum.
Key Features:
Divergence Detection: Captures key moments where downtrend weakness transitions into upward momentum.
RSI-Based Filtering: Confirms signals using RSI exceeding a user-defined threshold, adding reliability to the signals.
Customizable Parameters: Allows traders to adjust settings for downtrend length, RSI period, thresholds, and more.
Visual Signals: Displays upward markers on the chart for easy identification of signals.
Alert Ready: Includes real-time alert conditions to ensure you never miss a signal.
How to Use:
Add the indicator to your chart and configure the settings via the input menu.
Look for visual markers (arrows) to identify potential trend reversals.
Combine this indicator with other tools for a more robust trading strategy.
This indicator is ideal for traders looking to enhance their analysis with RSI-confirmed divergence patterns, whether trading stocks, forex, or cryptocurrencies.
No wick candlesОпис коду:
Цей скрипт для Pine Script v6 аналізує свічки на графіку і визначає свічки, що не мають фітіля знизу або згори. Він позначає їх відповідними маркерами та змінює колір свічок на помаранчевий для покращення видимості. Цей індикатор допомагає трейдерам ідентифікувати важливі зони на графіку, де свічки мають специфічні риси (без фітіля), і використовується для виявлення потенційних точок для подальших торгівельних рішень.
Що робить цей індикатор:
Зелені свічки без фітіля знизу: Це свічки, у яких ціна відкриття дорівнює мінімуму свічки. Вони позначаються зеленими стрілками під свічкою.
Червоні свічки без фітіля згори: Це свічки, у яких ціна відкриття дорівнює максимуму свічки. Вони позначаються червоними стрілками над свічкою.
Зміна кольору свічок: Свічки, що відповідають умовам (без фітіля знизу або згори), змінюють свій колір на помаранчевий для підвищення видимості та чіткого виділення важливих зон.
Як використовувати:
Цей індикатор допомагає вам ідентифікувати зони, де ціна не має фітіля знизу (для зелених свічок) або згори (для червоних свічок). Ці свічки можуть бути важливими для трейдерів, оскільки вони часто сигналізують про сильні рівні підтримки або опору, де ймовірно відбудеться ретест.
Важливо:
Чекати ретест зони: Після появи таких свічок (особливо у зонах підтримки або опору) можна очікувати, що ці рівні будуть перевірені ще раз. Якщо ціни повертаються до цих зон, це може бути сигналом для входу в ринок.
Торгівля на ретестах: Якщо ціна після першого відскоку знову наближається до цієї зони (де була свічка без фітіля), можна очікувати відскок або продовження тренду, що створює можливість для вхідної позиції.
_______________________________
Description:
This Pine Script v6 indicator analyzes the candles on the chart and identifies those that have no lower or upper wicks. It marks these candles with appropriate markers and changes the candle colors to orange for better visibility. This indicator helps traders identify important zones on the chart where candles exhibit specific characteristics (no wicks), which can be used to spot potential trading opportunities.
What this indicator does:
Green candles with no lower wick: These are candles where the opening price equals the low of the candle. They are marked with a green arrow below the candle.
Red candles with no upper wick: These are candles where the opening price equals the high of the candle. They are marked with a red arrow above the candle.
Candle color change: Candles that meet the conditions (no lower or upper wick) change their color to orange for better visibility and to clearly highlight important zones.
How to use:
This indicator helps you identify zones where prices have no lower wick (for green candles) or no upper wick (for red candles). These candles may be important for traders, as they often indicate strong support or resistance levels where a retest is likely to occur.
Important:
Wait for a zone retest: After these candles appear (especially at support or resistance zones), you can expect these levels to be tested again. If the price returns to these zones, it could signal an opportunity to enter the market.
Trading on retests: If the price approaches the zone (where a wickless candle occurred) again, it may indicate a bounce or trend continuation, which provides a potential entry point.
Smoothed EMA LinesThe "Smoothed EMA Lines" script is a technical analysis tool designed to help traders identify trends and potential support/resistance levels in financial markets. The script plots exponential moving averages (EMAs) of the closing price for five commonly used time periods: 8, 13, 21, 55, and 200.
Key features of the script include:
Overlay: The EMAs are plotted directly on the price chart, making it easy to analyze the relationship between the moving averages and price action.
Smoothing: The script applies an additional smoothing function to each EMA, using a simple moving average (SMA) of a user-defined length. This helps to reduce noise and provide a clearer picture of the trend.
Customizable lengths: Users can easily adjust the length of each EMA and the smoothing period through the script's input parameters.
Color-coded plots: Each EMA is assigned a unique color (8: blue, 13: green, 21: orange, 55: red, 200: purple) for easy identification on the chart.
Traders can use the "Smoothed EMA Lines" script to:
Identify the overall trend direction (bullish, bearish, or neutral) based on the arrangement of the EMAs.
Spot potential support and resistance levels where the price may interact with the EMAs.
Look for crossovers between EMAs as potential entry or exit signals.
Combine the EMA analysis with other technical indicators and price action patterns for a more comprehensive trading strategy.
The "Smoothed EMA Lines" script provides a clear, customizable, and easy-to-interpret visualization of key exponential moving averages, helping traders make informed decisions based on trend analysis.
Double Top/Bottom Fractals DetectorDouble Top/Bottom Detector with Williams Fractals (Extended + Early Signal)
This indicator combines the classic Williams Fractals methodology with an enhanced mechanism to detect potential reversal patterns—namely, double tops and double bottoms. It does so by using two separate detection schemes:
Confirmed Fractals for Pattern Formation:
The indicator calculates confirmed fractals using the traditional Williams Fractals rules. A fractal is confirmed if a bar’s high (for an up fractal) or low (for a down fractal) is the highest or lowest compared to a specified number of bars on both sides (default: 2 bars on the left and 2 on the right).
Once a confirmed fractal is identified, its price (high for tops, low for bottoms) and bar index are stored in an internal array (up to the 10 most recent confirmed fractals).
When a new confirmed fractal appears, the indicator compares it with previous confirmed fractals. If the new fractal is within a user-defined maximum bar distance (e.g., 20 bars) and the price difference is within a specified tolerance (default: 0.8%), the indicator assumes that a double top (if comparing highs) or a double bottom (if comparing lows) pattern is forming.
A signal is then generated by placing a label on the chart—SELL for a double top and BUY for a double bottom.
Early Signal Generation:
To capture potential reversals sooner, the indicator also includes an “early signal” mechanism. This uses asymmetric offsets different from the confirmed fractal calculation:
Signal Right Offset: Defines the candidate bar used for early signal detection (default is 1 bar).
Signal Left Offset: Defines the number of bars to the left of the candidate that must confirm the candidate’s price is the extreme (default is 2 bars).
For an early top candidate, the candidate bar’s high must be greater than the highs of the bars specified by the left offset and also higher than the bar immediately to its right. For an early bottom candidate, the corresponding condition applies for lows.
If the early candidate’s price level is within the acceptable tolerance when compared to any of the previously stored confirmed fractals (again, within the allowed bar distance), an early signal is generated—displayed as SELL_EARLY or BUY_EARLY.
The early signal block can be enabled or disabled via a checkbox input, allowing traders to choose whether to use these proactive signals.
Key Parameters:
n:
The number of bars used to confirm a fractal. The fractal is considered valid if the bar’s high (or low) is higher (or lower) than the highs (or lows) of the preceding and following n bars.
maxBarsApart:
The maximum number of bars allowed between two fractals for them to be considered part of the same double top or bottom pattern.
tolerancePercent:
The maximum allowed percentage difference (default: 0.8%) between the high (or low) values of two fractals to qualify them as matching for the pattern.
signalLeftOffset & signalRightOffset:
These parameters define the asymmetric offsets for early signal detection. The left offset (default: 2) specifies how many bars to look back, while the right offset (default: 1) specifies the candidate bar’s position.
earlySignalsEnabled:
A checkbox option that allows users to enable or disable early signal generation. When disabled, the indicator only uses confirmed fractal signals.
How It Works:
Fractal Calculation and Plotting:
The confirmed fractals are calculated using the traditional method, ensuring robust identification by verifying the pattern with a symmetrical offset. These confirmed fractals are plotted on the chart using triangle shapes (upwards for potential double bottoms and downwards for potential double tops).
Pattern Detection:
Upon detection of a new confirmed fractal, the indicator checks up to 10 previous fractals stored in internal arrays. If the new fractal’s high or low is within the tolerance range and close enough in terms of bars to one of the stored fractals, it signifies the formation of a double top or double bottom. A corresponding SELL or BUY label is then placed on the chart.
Early Signal Feature:
If enabled, the early signal block checks for candidate bars based on the defined asymmetric offsets. These candidates are evaluated to see if their high/low levels meet the early confirmation criteria relative to nearby bars. If they also match one of the confirmed fractal levels (within tolerance and bar distance), an early signal is issued with a label (SELL_EARLY or BUY_EARLY) on the chart.
Benefits for Traders:
Timely Alerts:
By combining both confirmed and early signals, the indicator offers a proactive approach to detect reversals sooner, potentially improving entry and exit timing.
Flexibility:
With adjustable parameters (including the option to disable early signals), traders can fine-tune the indicator to better suit different markets, timeframes, and trading styles.
Enhanced Pattern Recognition:
The dual-layered approach (confirmed fractals plus early detection) helps filter out false signals and captures the essential formation of double tops and bottoms more reliably.
200 EMA AlertHow It Works:
The 200 EMA calculates the average price over the last 200 periods, giving more weight to recent price movements for a smoother and more responsive trend line.
It helps traders determine whether the market is in a bullish (above 200 EMA) or bearish (below 200 EMA) phase.
Why Traders Use the 200 EMA:
✅ Trend Confirmation – If the price is above the 200 EMA, the trend is bullish; if below, the trend is bearish.
✅ Dynamic Support & Resistance – Price often reacts around the 200 EMA, making it a key level for entries and exits.
✅ Works on All Timeframes – Whether on the 1-minute chart or the daily timeframe, the 200 EMA is effective for scalping, swing trading, and long-term investing.
✅ Easy to Combine with Other Indicators – Traders pair it with RSI, MACD, or price action for stronger confirmation.
How to Use It in Trading:
📌 Trend Trading – Buy when price pulls back to the 200 EMA in an uptrend; sell when price retests it in a downtrend.
📌 Breakout Strategy – A strong candle breaking above/below the 200 EMA signals a possible trend reversal.
📌 Filtering Trades – Many traders only take long trades above and short trades below the 200 EMA to align with the overall market trend.
Conclusion:
The 200 EMA is an essential indicator for traders of all levels, offering clear trend direction, strong support/resistance zones, and trade filtering for better decision-making. Whether you're trading forex, stocks, or crypto, mastering the 200 EMA can give you a significant edge in the markets. 🚀📈
NFP High/Low Levels PlusNFP High/Low Levels Plus
Description:
This indicator stores the 12 most recent NFP (Non-Farm-Payroll) days and their values.
Values are captured from 0830 (NFP Release) until close of market
The High and Low values for each NFP month are drawn on the chart with horizontal lines.
- Labels indicating the month's high or low line are placed after the line
- Optionally the high/low price can be displayed additionally
Support and Resistance boxes can be drawn at the closest NFP level above and below the
current price.
- Boxes will automatically update as prices cross the NFP value
Macro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Macro Indicator can be used to judge the potential direction for the current month
- Macro direction is calculated by the following:
- UP: If two consecutive days both open and close above the most recent NFP High level
- DOWN: If two consecutive days both open and close below the most recent NFP Low level
Micro Indicator
- This option displays a small table in the top right corner that says "Up" or " Down"
- The Micro Indicator can be used to judge the potential direction for low timeframes 1H or
lower
- Micro direction is calculated by the following:
- UP: If two consecutive 10m candles close above the 20EMA
- DOWN: If two consecutive 10m candles close below the 20EMA
NFP Session Bars
- This feature draws an arrow at the bottom of the chart for each candle that falls within the
NFP session day
- This is useful for identifying NFP Days
Support / Resistance Table
- This displays a table bottom center showing the nearest high and low NFP line level
What is an NFP Day and why is it useful to add to my chart?
- NFP Days are one of the most important data releases monthly
- NFP (Non-Farm-Payroll) is the official release of 80% of the US workforce employed in
manufacturing, construction, and goods
- It does not include those who work on farms, private households, non-profit and
government workers
- Historically these high/low levels for the day create strong support and resistance levels
- Having them displayed on the chart can help identify potential strong levels and pivot points
Full Indicator with all options enabled and identified
Easily update NFP Release Days in the indicator settings
Modify various options: Show/Hide lines, labels, directional indicator tables, values tables
Adjust line width, offsets, colors, font sizes, box widths
Enable individual Directional Indicators and modify colors
Example of full indicator enabled
You can find a list of the NFP Release Schedule on the official US Bureau of Labor Statistics website. This is useful for updating the indicator settings with the correct dates
Fractal Breakout Trend Following System█ OVERVIEW
The Fractal Breakout Trend Following System is a custom technical analysis tool designed to pinpoint significant fractal pivot points and breakout levels. By analyzing price action through configurable pivot parameters, this indicator dynamically identifies key support and resistance zones. It not only marks crucial highs and lows on the chart but also signals potential trend reversals through real-time breakout detections, helping traders capture shifts in market momentum.
█ KEY FEATURES
Fractal Pivot Detection
Utilizes user-defined left and right pivot lengths to detect local highs (pivot highs) and lows (pivot lows). This fractal-based approach ensures that only meaningful price moves are considered, effectively filtering out minor market noise.
Dynamic Line Visualization
Upon confirmation of a pivot, the system draws a dynamic line representing resistance (from pivot highs) or support (from pivot lows). These lines extend across the chart until a breakout occurs, offering a continuous visual guide to key levels.
Trend Breakout Signals
Monitors for price crossovers relative to the drawn pivot lines. A crossover above a resistance line signals a bullish breakout, while a crossunder below a support line indicates a bearish move, thus updating the prevailing trend.
Pivot Labelling
Assigns labels such as "HH", "LH", "LL", or "HL" to detected pivots based on their relative values.
It uses the following designations:
HH (Higher High) : Indicates that the current pivot high is greater than the previous pivot high, suggesting continued upward momentum.
LH (Lower High) : Signals that the current pivot high is lower than the previous pivot high, which may hint at a potential reversal within an uptrend.
LL (Lower Low) : Shows that the current pivot low is lower than the previous pivot low, confirming sustained downward pressure.
HL (Higher Low) : Reveals that the current pivot low is higher than the previous pivot low, potentially indicating the beginning of an upward reversal in a downtrend.
These labels provide traders with immediate insight into the market structure and recent price behavior.
Customizable Visual Settings
Offers various customization options:
• Adjust pivot sensitivity via left/right pivot inputs.
• Toggle pivot labels on or off.
• Enable background color changes to reflect bullish or bearish trends.
• Choose preferred colors for bullish (e.g., green) and bearish (e.g., red) signals.
█ UNDERLYING METHODOLOGY & CALCULATIONS
Fractal Pivot Calculation
The script employs a sliding window technique using configurable left and right parameters to identify local highs and lows. Detected pivot values are sanitized to ensure consistency in subsequent calculations.
Dynamic Line Plotting
When a new pivot is detected, a corresponding line is drawn from the pivot point. This line extends until the price breaks the level, at which point it is reset. This method provides a continuous reference for support and resistance.
Trend Breakout Identification
By continuously monitoring price interactions with the pivot lines, the indicator identifies breakouts. A price crossover above a resistance line suggests a bullish breakout, while a crossunder below a support line indicates a bearish shift. The current trend is updated accordingly.
Pivot Label Assignment
The system compares the current pivot with the previous one to determine if the move represents a higher high, lower high, higher low, or lower low. This classification helps traders understand the underlying market momentum.
█ HOW TO USE THE INDICATOR
1 — Apply the Indicator
• Add the Fractal Breakout Trend Following System to your chart to begin visualizing dynamic pivot points and breakout signals.
2 — Adjust Settings for Your Market
• Pivot Detection – Configure the left and right pivot lengths for both highs and lows to suit your desired sensitivity:
- Use shorter lengths for more responsive signals in fast-moving markets.
- Use longer lengths to filter out minor fluctuations in volatile conditions.
• Visual Customization – Toggle the display of pivot labels and background color changes. Select your preferred colors for bullish and bearish trends.
3 — Interpret the Signals
• Support & Resistance Lines – Observe the dynamically drawn lines that represent key pivot levels.
• Pivot Labels – Look for labels like "HH", "LH", "LL", and "HL" to quickly assess market structure and trend behavior.
• Trend Signals – Watch for price crossovers and corresponding background color shifts to gauge bullish or bearish breakouts.
4 — Integrate with Your Trading Strategy
• Use the identified pivot points as potential support and resistance levels.
• Combine breakout signals with other technical indicators for comprehensive trade confirmation.
• Adjust the sensitivity settings to tailor the indicator to various instruments and market conditions.
█ CONCLUSION
The Fractal Breakout Trend Following System offers a robust framework for identifying critical fractal pivot points and potential breakout opportunities. With its dynamic line plotting, clear pivot labeling, and customizable visual settings, this indicator equips traders with actionable insights to enhance decision-making and optimize entry and exit strategies.
Sweep DetectorThe Sweep Detector identifies liquidity sweeps by detecting when a swing high or low is broken only by the wick of a candle, ensuring the body does not close beyond the level. It highlights these sweep points with markers and draws a line from the broken level to the candle that triggered the sweep. This helps traders spot potential reversals and liquidity grabs in the market.
