ICT Macros [LuxAlgo]The ICT Macros indicator aims to highlight & classify ICT Macros, which are time intervals where algorithmic trading takes place to interact with existing liquidity or to create new liquidity.
🔶 SETTINGS
🔹 Macros
Macro Time options (such as '09:50 AM 10:10'): Enable specific macro display.
Top Line , Mid Line , Bottom Line and Extending Lines options: Controls the lines for the specific macro.
🔹 Macro Classification
Length : A length to detect Market Structure Brakes and classify macro type based on detection.
Swing Area : Swing or Liquidity Area selection, highest/lowest of the wick or the candle bodies.
Accumulation , Manipulation and Expansion color options for the classified macros.
🔹 Others
Macro Texts : Controls both the size and the visibility of the macro text.
Alert Macro Times in Advance (Minutes) : This option will plot a vertical line presenting the start of the next macro time. The line will not appear all the time, but it will be there based on remaining minutes specified in the option.
Daylight Saving Time (DST) : Adjust time appropriate to Daylight Saving Time of the specific region.
🔶 USAGE
A macro is a way to automate a task or procedure which you perform on a regular basis.
In the context of ICT's teachings, a macro is a small program or set of instructions that unfolds within an algorithm, which influences price movements in the market. These macros operate at specific times and can be related to price runs from one level to another or certain market behaviors during specific time intervals. They help traders anticipate market movements and potential setups during specific time intervals.
To trade these effectively, it is important to understand the time of day when certain macros come into play, and it is strongly advised to introduce the concept of liquidity in your analysis.
Macros can be classified into three categories where the Macro classification is calculated based on the Market Structure prior to macro and the Market Structure during the macro duration:
Manipulation Macro
Manipulation macros are characterized by liquidity being swept both on the buyside and sellside.
Expansion Macro
Expansion macros are characterized by liquidity being swept only on the buyside or sellside. Prices within these macros are highly correlated with the overall trend.
Accumulation Macro
Accumulation macros are characterized by an accumulation of liquidity. Prices within these macros tend to range.
The script returns the maximum/minimum price values reached during the macro interval alongside the average between the maximum/minimum and extends them until a new macro starts. These levels can act as supports and resistances.
🔶 DETAILS
All required data for the macro detection and classification is retrieved using 1 minute data sets, this includes candles as well as pivot/swing highs and lows. This approach guarantees the visually presented objects are same (same highs/lows) on higher timeframes as well as the macro classification remain same as it is in 1 min charts.
8 Macros can be displayed by the script (4 are enabled by default):
02:33 AM 03:00 London Macro
04:03 AM 04:30 London Macro
08:50 AM 09:10 New York Macro
09:50 AM 10:10 New York Macro
10:50 AM 11:10 New York Macro
11:50 AM 12:10 New York Launch Macro
13:10 PM 13:40 New York Macro
15:15 PM 15:45 New York Macro
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in advance of the next Macro time, where the value specified in 'Alert Macro Times in Advance (Minutes)' option indicates how early to be notified.
🔶 LIMITATIONS
The script is supported on 1 min, 3 mins and 5 mins charts.
🔶 RELATED SCRIPTS
Поиск скриптов по запросу "smart money"
Breaker Blocks with Signals [LuxAlgo]The Breaker Blocks with Signals indicator aims to highlight a complete methodology based on breaker blocks. Breakout signals between the price and breaker blocks are highlighted and premium/discount swing levels are included to provide potential take profit/stop loss levels.
This script also includes alerts for each signal highlighted.
🔶 SETTINGS
🔹 Breaker Blocks
Length: Sensitivity of the detected swings used to construct breaker blocks. Higher values will return longer term breaker blocks.
Use only candle body: Only use the candle body when determining the maximum/minimum extremities of the order blocks.
Use 2 candles instead of 1: Use two candles to confirm the occurrence of a breaker block.
Stop at first break of center line: Do not highlight breakout signals after invalidation until reset.
🔹 PD Array
Only when E is in premium/discount zone: Only set breaker block if point E of wave ABCDE is within the corresponding zone.
Show premium discount zone: Show premium/discount zone.
Highlight Swing Break: Highlight occurrences of price breaking a previous swing level.
Show Swings/PD Arrays: Show swing levels/labels and pd areas.
🔶 USAGE
The Breaker Blocks with Signals indicator aims to provide users with a minimalistic display alongside optimal signals to be aware of for finding trade setups as shown below.
Here we can see a MSS occurred allowing the indicator to detect a Breaker Block (-BB) & display a red arrow to confirm this signal.
The signal(s) that can be used for potential entries are only during retests of the breaker blocks.
A potential strategy traders could use with this indicator is to target the corresponding Discount PD Arrays detected (for a short position) and Premium PD Arrays (for a long position).
In the image above we can see price generated the potential entry signals in orange & fell to the Discount PD Arrays as a logical setup to look for with this indicator.
As we can see in the image above, signals can be considered invalid when price closes above the 50% level in which it would be suggested to wait for another setup.
Users still looking for more potential setups based on the same breaker block can disable the "Stop at first break of center line" setting within the settings menu.
In the image above we can see a bullish example whereas price confirmed a bullish breaker block (+BB), had a quick pullback into it that was confirmed by the green arrow, and then reached the Premium PD Arrays.
While retests of breaker blocks can still function well if they occur later in the price action, it's most preferable for users to look for entry signals that are near confirmed breaker blocks (5-10 bars) opposed to waiting 20+ bars.
Additional take profits based on the occurence of the breaker blocks are given in order to provide targets after the occurence of a breaker block breakout.
🔶 DETAILS
Breaker blocks are formed after a mitigated order block, these can provide change of polarity opportunities, thus playing a role as a potential support/resistance. It is the re-test/retrace of price to a breaker block that will set the conditions to provide signals.
The above chart describes the creation of a breaker block.
The signal generation logic makes use of various rules described below:
Bullish Breaker Blocks:
opening price is within the breaker block, while the closing price is above the upper extremity of the breaker block.
Price did not cross the breaker block average in the interval since the previous breakout.
Bearish Breaker Blocks:
opening price is within the breaker block, while the closing price is below the lower extremity of the breaker block.
Price did not cross the breaker block average in the interval since the previous breakout.
When a new pattern is formed, all previous drawings are removed.
🔶 RELATED SCRIPTS
Inversion GapsAn inverted fair value gap (FVG) occurs when candles start closing below a bullish FVG or above a bearish FVG and in this case, support FVGs become resistances and vice versa. This is a smart money concept introduced by ICT. While we a number of have indicators for FVGs, we don't have any for inversion FVGs. This indicator is just for that - it shows FVGs only after they're inverted.
The meat of it comes from being able to plot HTF inverted FVGs in LTF. In the above BTC chart, you can see M15 inverted FVGs plotted on M1 chart and you can see price respecting them. Mitigations can also be shown as lines (as you can see in the chart).
You can also setup alerts for formation and mitigation of such inversion FVGs.
The On Balance Volume & Accumulation Distribution RibbonMedic trades using "Smart Money Concepts", and Medic's system revolves around the one taught by MentFX (i.e. Structure, Supply/ Demand Zone , and Confirmation). While this system per se doesn't require the use of a volume indicator, Medic has come to respect the OBV and Accumulation / Distribution .
The OBV Ribbon is available in many a shape and form, but Medic wanted something more responsive, and the OBVAD is just that.
This ribbon works across all time frames, and allows users to visualize what is happening behind the scenes of The Trigger indicator.
The Ribbon applies 11 DEMA of different periods to the cumulative sum of SpaceTrader's OBV/AD formula: volume*(close-open)/( high-low )*hlc3.
The Ribbon is able to identify the general trend, and changes into a blu ein an uptrend, and purple in a downtrend, and also potential reversals by means of divergences.
30MIN CYCLE█ HOW DOES IT WORK?
The known 90 min cycle is used as one killzone. But actually all 18 min are relevant to search for a trade. All 18 min when a new box starts only then is the placement of an order valid. If the entry candle isn't in a box then it will probably fail. The boxes should only be used in the M1 or M5 timeframe. The best hitrate is in the M1 timeframe. Included are the last 48 "Mini-Killzones" für intraday trading and backtesting. These "Mini-Killzones" can be used with the "Liquidity Inducement Strategy".
█ WHAT MAKES IT UNIQUE?
This is the first indicator on tradingview that shows all mini-killzones for trading and backtesting a whole tradingday. The well-known killzones of ICT are from 08:00-11:00 and 14:00 - 17:00 (UTC+1) but with this indicator there is finally a refinement of the ICT Smart Money Concept killzones.
█ HOW TO USE IT?
For a proper use of this indicator we suggest to know already at least SMC or better Liquidity Indcuement Trading. This indicator is a further confluence before placing an order. After you made your setup you will have these mini-killzones as a confluence. We don't suggest to open a trade only according to this indicator.
█ ADDITIONAL INFO
This indicator is free to use for all tradingview users.
█ DISCLAIMER
This is not financial advice.
BIAS NotesUsage: This indicator allows you to note on your desired pair what is the current state of the trends.
!! How to use: You have to input the values for each table case to your desire in the indicator settings. !!
With this indicator you can note :
-what is the timeframe Bias
-which supply or demand we`ve just hit
I use this as a tool for my analysis with Insitutional Orderflow/SMC (Smart Money Concepts).
TheMas7er scalp (US equity) 5min [promuckaj]This indicator was created according to TheMas7er's trading setup, that he reveal after 18 years of working in the industry. Claims is that this setup should give you good probability to predict the price movement for US equity.
This trading setup is only for New York equity trading session from 09:30 until 4pm. The market in which you should use it are the S&P 500 , Dow Jones, and Nasdaq. Perhaps it will work on some other but for those are good according to tests. It should not used on days with high-impact news, like CPI , FOMC, NFP and so on. The model can still work there but the probability on these days is way lower.
What is the base of this indicator, it marks what is called "The Defining Range"("DR"). This defining range is from 09:30am until 10:30am New York local time, it takes those 12 candles in the 5min chart. Indicator will mark the high and low of this range, including wicks. This will help you to already know at 10:30am, with possible good probability the high or low of the day.
There is also the "Implied Defining Range"("iDR") lines inside the "DR" range, which mark the highest body and the lowest body in the "DR" range.
*The rules (it is very simple to follow):
Chart must be set in 5min timeframe.
At 10:30am you still don't know which one will be the real high or low of the day, but only one will be true.
If price is closing on 5min chart above the "DR" it should give you good probability that the low of the "DR" is the low of the day, and vice versa - if price is closing below the "DR" it should give you good probability that the high of the "DR" is the high of the day.
"iDR" gives you an early indication about what high or low of the day should be. If price is closing above "iDR" you will have an early indication that the low of the "DR" should be the low of the day, and vice versa.
Note that about closing means really closing above or below, not just wicks.
Now, after this you can realize the magnitude of possibility.
You can use any entry model you prefer to trade, it doesn't matter if you use ICT concepts, smart money concepts, volume profile , eliot waves, braking the structure concept or whatever. There are so many possibilities for trading within this rule.
Enjoy!
Mark Structure ShdwMark Structure Show is building the market swing structure, minor and sub structure and marks all possible insignificant pivots
This indicator is the alternative version of Mark Structure indicator, I had to create another indicator in order to avoid programming limitation of TreadingView.
This version uses confirmation approach as confirming by body, it means every swing low/high is confirmed when the body (of newly creating swing low/high correspondingly) takes place and intercepts it. the same behaviour is with breaking structure its confirmed only by body.
From trading prospective with this kind of approach we can easily detect manipulations (caused by sweeps) and disregard those manipulation as elements which are breaking the structure. so its extremely useful for those who are trading smart money price actions and basing on swing structure POI
it supports:
- Marking all pivots with labels or join them continuously with trend lines.
- Marking minor and sub structured swings with labels or join them continuously with trend lines. Marking last actual CHoCH and BOS. Minor and substructure are structures inside swing structure and it can differ from the structure of lower timeframe
- Marking swings of swing structure with labels or join them continuously with trend lines.
- Changing bullish and bearish colors of each kind of structures
- Changing pivot labelings
- Changing colors
Remarks:
- Don't expect to have minor and sub structure in each swing waves, its totally fine when you don't have them at all
- Swing structure is the most significant structure and shows real price direction.
- The last swing is not able to be confirmed it tries to build 2 swings that most likely would be either substructure or SMS BOS
Equity Bond Currency DashboardDepicts demand-flow between Equities, Bonds and Currencies of 6 countries. Useful in tracking the flow of smart money and checking the dynamics of inter-connected markets.
Principle:
DXY lies at the heart of the diagram with usd-currency pairs of 5 countries connected to it. When demand for a currency increases it strengthens against Dollar. This is depicted by a line from DXY to the currency indicating demand flow from Dollar to the currency (DXY is only an indicative symbol for Dollar, the currency may not be part of the dollar index). Similarly when Dollar strengthens against the currency, demand flow is depicted by a line from the currency to DXY. Currency blocks are connected to Equity and Bond Yields of the respective countries. Equities and Bonds, when bought, takes the demand from the respective currencies and vice versa.
Overall, the demand flows in the direction of arrows. The flow is incomplete without commodities, import/export, interest/inflation rates of countries, however, the diagram most of the times explains why an asset class is performing the way it is.
Left side bar of each block is very similar to OHLC candles except for the following -
Instead of wicks, top and bottom of the bar represents high and low for the selected time-frame
Open and close are normalised for high and low
Bar border is red if close < prev.close, green if close >= prev.close
Other notes:
The diagram requires at least 200 bars in the chart to render. Please select the symbol and time-frame that contain at least 200 bars.
The diagram requires a live market to render the flow. To check flows on historical bars, set the option from settings.
Desired indices could be selected for countries of choice. Default settings point to futures wherever possible to have the markets live simultaneously across the countries.
REVE MarkersREVE stands for ‘Range Extensions Volume Expansions’. It seeks to report the same as the REVE which I published before. However the code uses a different algorithm to find the ‘usual range’ or ‘usual volume’ to which the current range and volume is compared. In the old REVE a function is coded which mimics a median() function..
In this code the median() function provided in pinescript is used, which makes the code of the actual algorithm nice and short in lines 21 through 27
For example line 23: “morevol=ta.median(curvol , usual)*eventnorm” in which
‘morevol ‘ is the calculated level above which the volume is deemed considerable,
‘curvol’ is the current volume (see line 21); curvol the volume of the previous period.
‘usual’ is the lookback period (see line 8)
‘ta.median(curvol , usual)’ is therfore the median volume in the lookback period
‘eventnorm’ is the percent which sets when “normal” becomes “considerable” (see line 6)
In line 26 the same is done for range.
The code in lines 30 to 92, concern logic manipulations to arrive at choosing the appropriate marker, which are plotted in lines 95 through 136.
Using the shapes as provided by Pinescript offers the possibility to give a much better and more meaningful visualization of volume and range events than different colored columns and histograms in the ‘old’ REVE in the below panel (see example chart).
Using the Pinescript function to find the median opens the possibility of letting the user play in the inputs with the lookback period and the norms for considerable and excessive to find a setting he or she likes most.
Using median in stead of average is necessary in volume and range analysis because these are so volatile. E.g. range or volume can be 10 times larger in the next period! If you have a few excessive volumes or ranges in the lookback period the ‘average volume or range’ is much higher than the ‘usual volume or range’ In statistics this is referred to as the outlier problem.
The markers are located on the bottom of the instrument pane. Those indicating volume events (with ‘event’ I mean a considerable or excessive expansion or extension) are colored triangles or squares, triangles indicate direction, squares that the price stays the same. those indicating range events with ‘normal’ volume are crosses, plus-cross means considerable range event and x-cross is excessive event.
The red, fuchsia and maroon triangles and squares indicate a combination of volume and range events. I call this ‘effective volume’ because more trade leads to shifting prices. The green and blue triangles and squares indicate a volume event with ‘normal’ ranges. I call this ‘ineffective volume’ because more volume does not lead to price shits. Effective volume can be attributed to occasional traders, because these do not care much for the price effect of their orders. The ineffective volume is attributable to institutional traders, because these go to great length to hide the size of their selling or buying objective by trading many small amounts in a day. Therefore one can theorize that ‘smart money’ is active when green and blue markers show up.
There is an option in the inputs to show markers around the candles (or bars). Those above indicate volume events, plus-cross for considerable and x-cross for excessive volume.
Those below the candles (or bars) indicate range events, triangles for direction or a plus-cross when the price stays the same. The small ones indicate considerable range events and the big ones excessive range events. This option can be used for better understanding of the colors of the bottom markers or to check which marker applies to which candle or bar.
If the instrument is without volume, the indicator will show only range markers.
Have fun and take care.
Crypto Map Dashboard v1.0🔰Overview
Charts are an essential part of working with data, as they are a way to condense large amounts of data into an easy to understand format. Visualizations of data can bring out insights to someone looking at the data for the first time, as well as convey findings to others who won’t see the raw data. There are countless chart types out there, each with different use cases. Often, the most difficult part of creating a data visualization is figuring out which chart type is best for the task at hand.
What are the types of metrics, features, or other variables that you plan on plotting? Although it depended on some multiple factors!
But my choices of the chart type for this Crypto datas was Pie chart or Donut char for crypto dominances ,and Colum (Bar) chart for Total MarketCaps .
The audiences that I plan on presenting this for them could be all tradingviewrs , especially crypto lovers ,or those who just aim to have an initial exploration for themselves ,like me!
so this indicator mostly could be an educational indicator script for pine coders !
We can use the " Crypto Map Dashboard " indicator to Get an quick overview of the crypto market and monitor where the smart money Flow changing by comparing the dominances and totals Caps .
In general, it consists of 4 parts:
✅1 =>> Table1 : If you like to see and compare and monitor the changes of dominances of (Bitcoin, Ethereum, Usdt , Usdc , etc.) and their market cap in different times you can see the table on The upper-right corner.
✅2 =>> Table2: Also, in the table lower-right corner, you can see the changes of the totals(Total, Total2 , Total3 and TotalDefi) in the same time periods.
✅3 =>> pie chart or donut chart: By viewing this , you understand better about Table1 Datas, that it depicts exactly how Dominance is distributed and specialized.
✅4 =>> column chart (bar chart) : And in the last you can clearly compare the total marketcaps and see how far they are from their ATHs.
You also can even notice the entry and exit of liquidity from the crypto market!
I must also mention that I am definitely still a beginner compared to more experienced pine coders, and there may be some bugs in my codes and calculations, but I am an open person and I welcome your comments ,Also Let me know if you have any questions.
Lots of Love to all tradingviewers and pineCoder ,Cheers!💚❤️💙
Bitfinex Shorts StratOverview
This strat applies the data from BITFINEX:USDSHORTS to the RSI indicator in order to provide SHORT/LONG entries as the number of contracts goes up and down. Although Bitfinex has lost relevance over the years its generally considered an exchange dominated by smart money rather than retail. I'd like to see if any insights can be gained by following their trading behaviour.
How to use
Select the underlying security you wish to trade and load the indicator. Select the appropriate short security by searching in the Bitfinex Short Symbol. RSI settings apply to short symbol not the actual asset. Strategy shorts the underlying asset when shorts rise and longs when they drop. The shorts symbol will follow the value of the loaded chart. Works best on 4 hour chart.
Why use shorts only rather than both long/shorts?
Bitfinex longs seem to be on a long-term uptrend accounting for 25x the number of shorts. Might be enormous confidence on part of the whales, but more likely reflects selling spot and buying perp. Given the size disparity and price action I don't think longs info is adding much.
Problems with script:
a) We don't really know the intentions of short players (e.g. speculation or hedging spot)
b) The script uses a decline in shorts as a long signal
c) RSI is a blunt tool there are probably better options for calculating high/lows in shorts
d) Shorts are accumulated both at highs and also when BTC price is already heavily trending down. This suggests some are speculative (at the highs) or protective/hedging during a decline
Takeaways:
Based on this strat Bitfinex whales are more wrong than right.
Results don't carry across well into altcoins using the accompanying short symbol. However, what is interesting is that applying the BITFINEX:BTCUSDSHORTS to altcoin charts does work pretty well.
Strat needs some refinement to control for entries under different circumstances.
Probably not a great idea to use this as a strategy in isolation, but highlights how Bitfinex whale behaviour is a good gauge to follow.
Whale Momentum Wave Oscillator//Credits: @Noldo - Whale Trading System @rumpypumpydumpy - ALMA Ribbons @QuantNomad - Elastic Volume Weighted Moving Average
Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.
Bogdan Ciocoiu - GreuceanuDescription
This indicator is an entry-level script that simplifies volume interpretation for beginning traders.
It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections.
Uniqueness
This indicator is unique because it introduces the principle of a moving average in the context of volume and then compares it with tick-based volume.
Its uniqueness is reflected in the ability to colour code each volume bar based on the intensity of each relevant (volume) unit whilst comparing it with the volume moving average.
Another benefit of this indicator is the colour coding scheme that removes volume below a particular threshold (default set to 1) under the volume moving average.
In addition to the above features, the indicator differentiates the colour of each bar by price direction.
Open source re-use
To achieve this functionality several open source indicators have been used an integrated within the current one.
Super OrderBlock / FVG / BoS Tools by makuchaku & eFeThis super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
PPDD OB : An order block which is formed after interacting with Liquidity (old low/high, fractal low/high, etc). Since these OB's are in the most premium or most discount, they are Premium Premium Discount Discount OB's (PPDD OB)
HVB Bars : When the volume of any bar is higher than the average volume of last N bars, it could mean something important (in the right context). Hence, the indicator allows for coloring them differently.
This indicator was built as a collaboration between @makuchaku & eFe
Pro tip : This indicator is a simply a tool to visualize trading concepts on the candle stick chart. It is the job of the trader to sequence these effectively into a profitable trade.
If you come across any bug or have a question on how to effectively use the indicator, please don't hesitate to ask questions.
Good luck & good trading!
Welkin Advanced Volume Study (for VSA)This is a translation of Welkin's Advanced Volume Study Indicator originally written for ThinkOrSwim. This version is simpler than Welkin's and attempts to streamline that basic functionality for beginners to Volume Spread Analysis.
This can be used to replace the built-in volume bar with a more advanced version that is designed to facilitate Volume Spread Analysis. The basic idea is to clearly call out areas of high and low volume that help a trader determine where to "Smart Money" may be attempting to move the market. Volume is an incredible powerful tool for the retail trader; learn how to use it.
Grey bar are Below Average volume .
Blue bars are Average Volume , from a 20sma of volume .
Orange bars are 2-sigma (or 2 standard deviations) above average.
Magenta bars are 3-sigma (3 standard deviations) above average.
The plotted lines represent these levels.
Yellow bars have relatively higher volume compared to the previous bar.
The study can also apply these same colors to the price candles themselves, as well as showing buying and selling pressure of the volume bars.
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.
Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)
So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.
So, Closing value of previous day vwap = Pvwap
Today's running vwap = Cvwap
Defining the IntraDay Trend:
Moderately Bullish = candle closing price above Pvwap but below Cvwap
Super Bullish = Closing price is above both (Cvwap and Pvwap)
Moderately Bearish = Closing price is above Cvwap but below Pvwap
Super Bearish = Closing Price is below both (Cvwap and Pvwap)
A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend)
Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
Earthquake Effect by DGTInstitutional investors have a profound impact on financial instruments prices because of the large volume, and their trading activities can greatly impact the price of financial instruments. They sometimes may split trades over time in order to not make a material impact and of course not to decrease liquidity to the point where there may be no one to take the other side of the trade.
Institutional investors (Smart Money) may create an Elephant Effect on the prices of financial instruments, and this study aims to display by emphasizing high volume changes
In the memory of the North Anatolian Earthquake that struck on August 17, 1999, that we remember with pain today, and similarities of plotting outcomes to seismograph plotting I preferred to name this study as Earthquake Effect (SEISMOGRAPH)
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
