[iQ]PRO Pricing Levels+

[iQ]PRO Pricing Levels+ Analysis
Summary

A comprehensive institutional-grade market profile and liquidity analysis tool designed for professional traders who focus on price delivery and volume distribution. It identifies high-probability reaction zones by blending historical interaction density with advanced mathematical modeling.

How It Works

The script utilizes a proprietary multi-layered engine to map the "DNA" of recent price action. It functions by scanning a user-defined lookback window to identify specific price coordinates where the market has historically shown significant interest or exhaustion.

Methodology: The core logic evaluates "Price-Density" It doesn't just look at where price has been, but calculates the quality of those interactions by weighing them against volume intensity and recency. This creates a "Heatmap" of structural importance.

Model Engine: The tool incorporates a sophisticated classification system that identifies the current "Market Model" (such as Expansion, Reversion, or Compression). This helps traders distinguish between a trending market and a mean-reverting one.

Statistical Deviations: Beyond standard support and resistance, the script projects dynamic expansion levels based on the volatility of the analyzed range, identifying potential "statistical exhaustion" points.

Liquidity Mapping: It automatically detects internal and external liquidity sweeps, providing real-time feedback on whether the current move is a genuine breakout or a sophisticated stop-hunt.

Key Features

Dynamic PD Heatmap: Visually represents price density and interaction quality through a color-coded histogram.

Advanced Model Engine: Automatically classifies market phases (e.g., "MM Reversal" or "Expansion") to align your bias.

Volume-Weighted Weighting: Filters out "fake" price movements that occurred on low participation.

Premium/Discount Zones: Integrated equilibrium mapping to ensure you are never buying at the top of a range or selling at the bottom.

Chaos Filtering: An advanced algorithmic filter designed to minimize noise and highlight only the most structurally sound levels.

How to Use

Step 1: Define the Range: Adjust the Lookback Length to match your trading style (shorter for scalping, longer for swing trading).

Step 2: Identify the POC: Look for the "Point of Control" (POC) markers. These levels represent the highest density of historical interaction and often act as "magnets" for price.

Step 3: Monitor the Model Label: Use the Market Model label to determine if you should be looking for trend-following entries or reversal setups.

Step 4: Execute at Liquidity Zones: Look for price to interact with the "💧" markers or high-multiplier deviation lines for potential exhaustion-based entries.

Settings & Configuration

Core & Range Definition: Customize the lookback period and price source for level generation.

PRD Level Calculation: Switch between ATR, Percentage, or Fixed Point steps to determine how granular the price map should be.

Range Deviations: Configure multiple multipliers to project potential overextension zones.

Model Engine: Toggle the advanced "Chaos Filter" and "RAV Weighting" to adjust the sensitivity of the probability calculations.

Visualization: Enable or disable the Heatmap, Summary Table, and Regression Channels to suit your chart layout.

Past does not guarantee future results.
For Research and study!
Enjoy, MMiQ.