Indicator looks for ICT & Smart Money trades on any timeframe. These types of trades reveal how the big institutions, banks and hedge funds trade with big money. If they want their very big positions to be filled they need to find areas in chart where the majority of the money is sitting. Where is it? Where is the majority of orders placed? Right below supports or right above resistance, these orders are stoplosses or stop orders. So they need to push the price to these areas, take all the available stoplosses and trigger all the available stop orders in order to fill their positions and then push the price to the opposite side to make profit (and retail to lose).
Indicator looks for support or resistance (S/R) areas which are represented by dotted lines. This S/R areas are created by minimum of 2 pivot high/low (H/L). Every pivot H/L that creates the S/R area is marked with diamond label. This S/R area is called liquidity. After liquidity is created, indicator looks for liquidity grab (mostly represented by fast spike to this area - it is labeled with x-cross) and then price should go fast to the opposite side of the created structure. Indicator considers as a created structure everything that was created on the other side of the candles from the oldest pivot H/L which creates particular liquidity. For example, if liquidity is created with 3 pivot highs, indicator looks at the oldest pivot high and from there it is looking for the lowest low. Under this lowest low is dashed line which means that this level should be broken with closed candle. This action is called market structure shift (MSS), when the price shifted very fast from highs to lows. After MSS, when the price went fast to one direction, there were some imbalances in prices, in our example selling pressure was a lot bigger than buying pressure and there were created some long untested bearish candles. This untested areas in candles are called imbalances or gaps of fair value gaps (FVG). These are labeled with rectangles. It is expected that these gaps will be tested in near future to "balance the market".
We can put limit orders into these gaps (or into order blocks in PREMIUM indicator) and await some retracement after MSS to open our positions and after the positions are opened we can expect trend continuation in the direction where market structure shift was made (away from liquidity grab). So stoplosses can be placed above/below liquidity grab candle (marked with x-cross).
Alerts can be set for MSS to Long & Short and for liquidity grabs to Long & Short.
All settings of this indicator should be self-explanatory and most of them have tooltips for better understanding.
Indicator looks for support or resistance (S/R) areas which are represented by dotted lines. This S/R areas are created by minimum of 2 pivot high/low (H/L). Every pivot H/L that creates the S/R area is marked with diamond label. This S/R area is called liquidity. After liquidity is created, indicator looks for liquidity grab (mostly represented by fast spike to this area - it is labeled with x-cross) and then price should go fast to the opposite side of the created structure. Indicator considers as a created structure everything that was created on the other side of the candles from the oldest pivot H/L which creates particular liquidity. For example, if liquidity is created with 3 pivot highs, indicator looks at the oldest pivot high and from there it is looking for the lowest low. Under this lowest low is dashed line which means that this level should be broken with closed candle. This action is called market structure shift (MSS), when the price shifted very fast from highs to lows. After MSS, when the price went fast to one direction, there were some imbalances in prices, in our example selling pressure was a lot bigger than buying pressure and there were created some long untested bearish candles. This untested areas in candles are called imbalances or gaps of fair value gaps (FVG). These are labeled with rectangles. It is expected that these gaps will be tested in near future to "balance the market".
We can put limit orders into these gaps (or into order blocks in PREMIUM indicator) and await some retracement after MSS to open our positions and after the positions are opened we can expect trend continuation in the direction where market structure shift was made (away from liquidity grab). So stoplosses can be placed above/below liquidity grab candle (marked with x-cross).
Alerts can be set for MSS to Long & Short and for liquidity grabs to Long & Short.
All settings of this indicator should be self-explanatory and most of them have tooltips for better understanding.
Notes de version:
Alerts messages were updated.
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Script loading time has been reduced tremendously
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More detailed tooltips (infos) for most of the settings have been added.
EMAs of daily timeframe which are used for daily bias calculation can be now shown on the chart (also lengths can be customized).
EMAs of daily timeframe which are used for daily bias calculation can be now shown on the chart (also lengths can be customized).
Notes de version:
Bug in setting: Filter Trades by Daily Bias has been fixed.
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Alerts for MSS (long or short) and for Liquidity Grab (long or short) have been added mainly for users with lower count of available alerts.
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Setting / Input "Show Live Liquidity Grabs" was moved to the first place because lots of members think that Liquidity Grab Alerts give false signals because they do not have checked this setting / input.
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Three different session times have been added (by default London session, New York session and Tokyo session, all session times are in UTC/GMT+0). Trades can be filtered by these sessions, but only ones that are set as active. Also only sessions set as active will be shown when setting "Show session" is checked. It is possible to set different color for each session in Style section.
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New setting/input "Remove Old Labels" has been added. When the setting/input "Show Live Liquidity Grabs" is checked/active, all the created labels won't be removed by default. If you check/activate the new setting/input, all old labels will be removed continuously. Removing of all old labels was active by default in previous versions of the indicator and when adding alerts it was showing the information that indicator repaints but it repaints = removes old labels on purpose. This functionality is optional now.
Notes de version:
Live Liquidity Grabs lines and labels won't be removed after they are shown because when adding alerts the information about indicator repainting was still present. Only way to remove them is to refresh the chart or to change any setting/input of the indicator.
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Alerts for liquidity grabs are triggered earlier then before. Some alerts for liquidity grabs were a little bit delayed in previous version.
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Huge update! Liquidity Grabs showing and alerts have been completely reworked. Liquidity grabs are shown on the chart (+ alerts are triggered) immediately after they happen.
Notes de version:
- Last shown trade has extended FVGs and OB
- Alerts for FVG and OB of the last shown trade have been added (for FVG alerts the setting "Show Fair Value Gaps" must be checked, for OB alerts the setting "Show Order Block" must be checked)
- 3 default frames for daily bias have been added (you can still set your custom frame)
Notes de version:
Fixed unshowing middle line in FVGs.
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New setting "Show Extended FVGs and OB of last trade" has been added. By default you see extended FVGs and OB of the last shown trade. You can turn it off with this setting.
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When clicking on the setting "Show More History Data", the time needed for loading is lower.
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Bug with negative index fixed.
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Fixed bug when alert for liquidity grab triggers but there is no liquidity grab shown on the chart.
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Fixed triggering duplicate alerts on liquidity grabs.
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One more fix for duplicate liquidity grab alerts.
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Funcionality for finding order block has been improved.
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Transparency option from 0 to 100 has been added to all colors in STYLE section.
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- Daily Bias changed to Trend with possibility to show/filter trend on more timeframes, not only on daily timeframe.
- Showing of live liquidity creation has been added.
- Alerts for liquidity creation have been added.
- New placeholders have been added to each alert message.
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Bug with duplicate alerts has been fixed.
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Bug on the Frame setting in Trend section has been fixed.
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Filter setting names have been changed to be more clear.
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Breaker Block has been added in addition to Order Block and you can even set alerts in order to be notified when the price hits them.
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New features have been added:
- Show/Hide MSS trades,
- Trigger multiple different alerts by creating only one alert (look at the bottom of the indicator inputs).
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Liquidity creation alerts bug has been fixed.
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Indicator setting title has been edited.
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Texts and descriptions have been updated.
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Bug in long trades breaker blocks has been fixed.
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New features have been added/updated:
- Daily Bias calculated by previous H/L has been added (Trades/Liquidity Grabs can be filtered by the Daily Bias, Current or Historical Daily Bias can be shown),
- Trend has been changed from 2 EMAs cross to Supertrend (Trades/Liquidity Grabs can be filtered by the Trend, Current or Historical Trend can be shown).
Notes de version:
Daily Bias bugs have been fixed.
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Newly detected Daily Bias bugs have been fixed.
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Text in indicator settings has been changed.
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Timezone has been added to Session in indicator settings.
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Trend and Daily Bias in the right bottom corner have swapped positions.
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Bug regarding Neutral Daily Bias has been fixed.
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Daily Bias error in lower timeframes has been fixed.
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Daily Bias calculation error on lower timeframes in Live Liquidity Grabs has been fixed.
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Bug in Long Fair Value Gaps has been fixed.
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Customizable ATR Length has been added into indicator core settings.
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Showing of Breaker Block has been improved.
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Calculation speed optimalization has been implemented.
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Calculation bug has been fixed.
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Filter type has been added. Now you can choose whether the filtering rules should be applied either for Liquidity Grab or MSS.
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New liquidity types have been added:
- LIVE Pivot Liquidity Grab,
- Pivot Liquidity Grab + MSS,
- Daily H/L Liquidity Grab + MSS,
- Weekly H/L Liquidity Grab + MSS,
- Session H/L Liquidity Grab + MSS.
Notes de version:
Some maximum values in settings have been changed.
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LIVE Pivot Liquidity has been added.
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Loading speed has been improved.
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Default value of setting "Pivot H/Ls Look Back/Forward Period" has been set to 1.