Daily Range + Asia Liquidity + FVG + silver Bullet sessionIndicator Description :
This indicator combines several trading concepts to provide an overall view of intraday selling opportunities. It includes the following elements:
Daily Range:
Measures the daily price range between the highest and lowest points of the day.
Helps understand daily volatility and identify potential support and resistance levels.
Asia Liquidity:
Analyzes price movements and volumes during the Asian session (usually from 00:00 to 08:00 GMT).
Identifies liquidity levels where the price has reacted during this period, providing clues on where significant orders are concentrated.
FVG (Fair Value Gap):
A trading concept that identifies areas where the price has moved quickly, creating a "gap" or empty space on the chart.
These areas are often revisited by the price, which can provide potential entry or exit points.
Silver Bullet Session:
Refers to a specific period of the day where a particular strategy or setup is expected to occur. For example, this could be a period where price movements are historically more predictable or volatile.
This session particularly targets price movements that attract sellers.
Using the Indicator
Identifying Selling Levels:
Combine the daily range levels with the liquidity zones identified during the Asian session to spot levels where sellers might be interested.
Use the fair value gaps (FVG) to identify areas where the price might return, providing entry or exit points for selling positions.
Silver Bullet Session:
Focus on this period to observe price movements and reactions to the levels identified earlier.
Look for selling signals (e.g., bearish reversal candlesticks or continuation patterns) during this session to maximize selling opportunities.
Objective :
The objective of this indicator is to provide a systematic approach to identifying selling opportunities based on multiple technical and temporal elements. By combining daily volatility, liquidity levels, value gaps, and specific trading periods, this indicator helps traders pinpoint potential selling points with greater accuracy.
Bullet
first fvg @joshuuuThis indicator was created to display and alert the user for the first Fair Value Gap (FVG) of up to three trading sessions.
Bullish FVG occurs when the high of the first candle is lower than the low of the third candle, resulting in a price gap between them.
Conversely, a Bearish FVG takes place when the low of the first candle is higher than the high of the third candle, leading to a gap between these prices.
ICT emphasizes on three crucial timeframes: 3-4 am NY, 10-11 am NY, and 2-3 pm NY, collectively referred to as the 'silver bullet' times. The very first FVG formed during these periods can significantly impact the remainder of that trading session.
Building upon these concepts, CasperSMC developed a strategy involving buying/selling the very first FVG and placing a stop order just above/below the candle responsible for creating the FVG.
The strategy aims for a consistent 2-to-1 Reward-to-Risk ratio (2RR).
This indicator serves to support the strategy by not only displaying those fvgs but also sending alerts, reducing the need for constant screen monitoring.
