BEC Important Price Levels V1

BEC IPL V1
price behavior analyzer

Overview

BEC Important Price Levels V1 is designed to identify key structural price reactions in the market — specifically, shakeouts followed by breakout confirmations.
It automatically marks potential reversal and continuation zones based on wick-to-body ratios, break structures, and optional volume behavior.

The indicator helps traders spot high-probability levels where liquidity sweeps or false moves often transition into real trends.

Core Logic

Shakeout Detection
Identifies bullish or bearish shakeouts when a candle shows long wicks relative to its body (configurable with Wick/Body Min Ratio).
Optionally filters shakeouts by relative volume strength (Use Volume Filter).

Break Confirmation
After a shakeout, when the market breaks above/below the shake candle’s extreme, it marks a break event.
These breaks often indicate a strong continuation or reversal shift.

Retest & Important Levels
For each break, a dotted retest line is drawn from the original shake candle’s opposite extreme.
A secondary dotted line highlights the break candle’s high/low — showing the precise short-term level where reactions are likely.

Visual Elements
🟢 Bull Shakeout → green “cross”
🔴 Bear Shakeout → red “cross”
🟩 Bull Break → lime triangle + dotted green support lines
🟠 Bear Break → orange triangle + dotted red resistance lines

Orange dashed lines = high/low of break candles


Use Case
Detect stop-hunt candles or liquidity sweeps followed by valid structure breaks.
Combine with your existing supply-demand, order block, or VSA setups for confluence.
Excellent for identifying the “important price levels” where the market reveals institutional intent.