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Level 2 Order Flow Oracle with Sector Heatmap
📊 Level 2 Order Flow Oracle™ + Dynamic Sector Heatmap
🎯 Overview
The Level 2 Order Flow Oracle™ is an advanced institutional-grade trading indicator that combines sophisticated order flow analysis with real-time sector rotation monitoring. This all-in-one tool provides traders with deep market insights by analyzing bid/ask imbalances, volume profile (VPOC), institutional footprints, and smart money divergences - all while displaying a dynamic sector heatmap that automatically adapts to your selected symbol.
Whether you're a day trader, swing trader, or institutional investor, this indicator delivers actionable signals with confidence ratings, risk-reward ratios, and precise entry/exit levels backed by multi-factor analysis.
✨ KEY FEATURES
🔬 Advanced Order Flow Analysis
Delta Calculation: Real-time buy/sell volume delta with cumulative tracking
Aggressive Order Detection: Identifies large market orders hitting the bid/ask
Bid/Ask Imbalance Proxy: Detects strong buying or selling pressure based on candle positioning
Order Absorption Detection: Spots institutional walls absorbing market orders
Iceberg Order Detection: Identifies hidden institutional orders
📍 Volume Profile & VPOC
Dynamic VPOC Calculation: Point of Control showing highest volume traded price levels
Volume Distribution Analysis: 10-level price-volume histogram updated every 5 bars
VPOC Distance Tracking: Monitors price position relative to high-volume nodes
🐋 Institutional Footprint Detection
Smart Money Tracking: Identifies large institutional buy/sell orders (3x+ volume)
Distribution/Accumulation Signals: Detects volume divergences at price extremes
Order Block Mapping: Marks key institutional support/resistance zones
Order Block Retests: Alerts when price revisits institutional levels
🎯 Multi-Factor Prediction Engine
8-factor scoring system analyzing:
Trend Alignment (20 points) - EMA 8/21/50 confluence
Order Flow (25 points) - Delta and aggressive orders
Bid/Ask Imbalance (15 points) - Market pressure
Institutional Activity (20 points) - Smart money footprints
Volume Profile (10 points) - VPOC positioning
Absorption (10 points) - Large order walls
Pattern Recognition (10 points) - Reversal/continuation setups
Momentum (10 points) - RSI, MACD, MFI alignment
🔒 Prediction Lock Mechanism
Confidence-Based Signals: Only triggers at 65%+ (customizable)
Stabilization Period: Locks predictions for 10 bars (adjustable) to prevent whipsaws
Dynamic Targets: ATR-based profit targets (1.5x to 2.5x based on confidence)
Risk Management: Automatic stop-loss calculation
Risk-Reward Filter: Only displays signals with 2:1+ R:R ratio
🔥 Dynamic Sector Heatmap
Auto-Detection: Automatically identifies which sector your symbol belongs to
10 Sectors Covered: Technology, Finance, Healthcare, Consumer, Energy, Industrial, Communication, Utilities, Materials, Market Indices
Real-Time Performance: Updates every tick showing intraday % change
Relative Strength Mode: Toggle to show performance vs SPY
Visual Color Coding:
🟢 Strong Green: >2.5% gain
🟢 Green: 1.2-2.5%
🟢 Light Green: 0.4-1.2%
⚪ Neutral: -0.4% to +0.4%
🔴 Light Red: -0.4% to -1.2%
🔴 Red: -1.2% to -2.5%
🔴 Strong Red: <-2.5%
Current Symbol Highlight: Shows ▶ arrow next to your active ticker
6 Top Symbols Per Sector: Displays the most liquid/representative stocks
📊 Comprehensive Dashboard
Real-time metrics displayed:
Signal Direction: BULL/BEAR/WAIT with confidence %
Lock Status: Countdown until next signal update
Price Targets: Entry, target, and stop levels
Risk-Reward Ratio: Actual R:R for current setup
Delta: Current buy/sell volume difference
Imbalance: Bid/Ask pressure indicator
Institutional Activity: Whale buy/sell detection
Absorption: Large order wall detection
VPOC Distance: % distance from volume point of control
Order Block Status: Active bullish/bearish block tests
Volume Ratio: Current vs average volume
RSI & MFI: Momentum oscillators with overbought/oversold zones
🎨 VISUAL COMPONENTS
Chart Overlays
EMA Ribbons: 8/21/50 period exponential moving averages
Bollinger Bands: 20-period with 2 standard deviations
VPOC Line: Dynamic volume point of control
Order Blocks: Dotted lines showing institutional zones (50-bar memory)
Prediction Arrow: Directional forecast with confidence label
Stop Loss Line: Dashed red risk management level
Background Coloring: Subtle green/red tint indicating active signal
Signal Labels
🚀 Bullish Signal: Green label below bar with confidence %
⚠️ Bearish Signal: Red label above bar with confidence %
Appears only when:
Confidence ≥ threshold (default 65%)
Risk-reward ratio ≥ 2:1
Lock period expired or confidence jumped 15%+
⚙️ CUSTOMIZATION OPTIONS
Prediction Settings
Prediction Horizon: 5-20 bars (default: 10)
Min Confidence %: 50-90% (default: 65%)
Lock Period: 5-20 bars (default: 10)
Level 2 Analysis Toggles
☑️ Order Flow Analysis
☑️ Volume Profile (VPOC)
☑️ Institutional Footprints
☑️ Order Absorption Detection
☑️ Bid/Ask Imbalance
Display Options
☑️ Dashboard (position: Top Center)
☑️ Order Blocks
☑️ Signals
Font Size: Tiny/Small/Normal
Sector Heatmap Settings
☑️ Show Sector Heatmap
Position: Top Left/Right, Bottom Left/Right
Size: Tiny/Small/Normal
☑️ Show vs SPY (Relative Strength Mode)
Sector Override: Manual sector selection or Auto-Detect
🔔 ALERT CONDITIONS
Create automated alerts for:
🚀 L2 Buy Signal: Bullish setup detected with confidence %
⚠️ L2 Sell Signal: Bearish setup detected with confidence %
🐋 Whale Buy: Institutional buying detected (3x+ volume)
🐋 Whale Sell: Institutional selling detected (3x+ volume)
📊 Absorption: Large order absorption detected
✅ Bull OB Test: Price testing bullish order block
❌ Bear OB Test: Price testing bearish order block
📈 HOW TO USE
For Day Traders
Enable all Level 2 Analysis features
Set Lock Period to 5 bars for faster signals
Monitor Dashboard for real-time delta and imbalance
Watch for 🐋 Whale alerts indicating institutional activity
Use Sector Heatmap to identify strong/weak sectors for momentum plays
For Swing Traders
Increase Lock Period to 15-20 bars for more stable signals
Raise Min Confidence to 70-80% for higher probability setups
Wait for Order Block retests with confirmation
Monitor sector rotation for multi-day trends
Use 2:1+ R:R signals only
For Position Traders
Focus on higher timeframes (4H, Daily)
Set Min Confidence to 80%+ for institutional-grade setups
Combine with fundamental analysis of sector leaders
Use Sector Heatmap to identify sector rotation
Wait for both Order Flow AND Institutional Activity alignment
Reading the Sector Heatmap
Strong outperformance (bright green): Sector leadership, consider long positions
Relative weakness (red): Sector lagging, consider avoiding longs
Divergence: If your stock is red but sector is green → investigate weakness
Convergence: If your stock matches sector → confirmation of trend
🧮 TECHNICAL SPECIFICATIONS
Pine Script Version: 5
Chart Type: Overlay indicator
Calculation Frequency: Every tick
Max Security Calls: 14 (well under 40 limit)
Performance Impact: Optimized with conditional loading
Sectors Covered: 10 major market sectors
Symbols Per Sector: 6 most liquid representatives
Historical Data: VPOC uses 20-bar lookback, Order Blocks track 50 bars
💡 BEST PRACTICES
Combine with Price Action: Use signals as confirmation, not sole entry reason
Respect the Lock: Don't chase trades during lock period - wait for next signal
Watch Order Blocks: Retests of institutional zones often provide best entries
Sector Context Matters: A bullish signal in a weak sector may underperform
Volume Confirmation: Higher volume on signals = higher probability
Multiple Timeframes: Check higher timeframe alignment for better success rate
Risk Management: Always use the calculated stop-loss levels
Filter by R:R: Only take trades with 2:1+ risk-reward ratio
⚠️ IMPORTANT NOTES
Sector Auto-Detection: Works for major US equities; use Manual Override for others
Real-Time Data: Heatmap requires real-time data subscription for accurate updates
Backtesting: Prediction lock mechanism prevents repainting
Market Hours: Most effective during regular trading hours with higher volume
Not Financial Advice: This is a technical analysis tool; always do your own research
🎓 INDICATOR COMPONENTS EXPLAINED
Delta
Positive delta = More buying pressure
Negative delta = More selling pressure
Cumulative delta above SMA = Bullish accumulation
Cumulative delta below SMA = Bearish distribution
VPOC (Volume Point of Control)
Price level with highest traded volume
Acts as magnetic level for price action
Bullish when price > VPOC
Bearish when price < VPOC
Order Blocks
Price zones where institutions placed large orders
Bullish OB: Support zone from institutional buying
Bearish OB: Resistance zone from institutional selling
Retests often provide optimal entry points
Absorption
Large volume + small price movement = order absorption
Indicates institutional player absorbing market orders
Often precedes reversals or consolidation
🚀 GETTING STARTED
Add to Chart: Click "Add to Favorites" and apply to any chart
Choose Your Symbol: Works on stocks, indices, ETFs
Customize Settings: Adjust confidence threshold and lock period to your style
Position Heatmap: Move to preferred corner (default: Bottom Right)
Set Alerts: Create alerts for L2 Buy/Sell signals
Monitor Dashboard: Watch for signal updates and metrics
Execute Trades: Follow signals with proper risk management
📊 COMPATIBLE WITH
US Equities: All NASDAQ, NYSE, AMEX stocks
Major Indices: SPY, QQQ, DIA, IWM
ETFs: Sector ETFs, commodity ETFs
Timeframes: 1min to Daily (optimized for 5min-1H)
Market Conditions: Trending and ranging markets
🛡️ RISK DISCLAIMER
Trading involves substantial risk of loss. Past performance is not indicative of future results. This indicator is a technical analysis tool and should not be used as the sole basis for trading decisions. Always use proper risk management, position sizing, and stop losses. The creator is not responsible for any trading losses incurred using this indicator.
📞 SUPPORT & UPDATES
Regular updates with new features and improvements
Bug fixes and performance optimizations
Community feedback integration
Follow for update notifications
🏆 WHY CHOOSE LEVEL 2 ORDER FLOW ORACLE™?
✅ Institutional-Grade Analysis: Tools previously available only to professional traders
✅ Multi-Factor Confirmation: 8-factor scoring eliminates false signals
✅ Real-Time Sector Context: Understand market rotation in real-time
✅ No Repainting: Prediction lock mechanism ensures historical signals don't change
✅ Complete Trading System: Entry, target, stop - everything calculated automatically
✅ Visual Clarity: Clean dashboard and heatmap for quick decision making
✅ Customizable: Adjust to your trading style and risk tolerance
✅ Professional Support: Regular updates and improvements
Transform your trading with institutional-grade order flow analysis. Add Level 2 Order Flow Oracle™ to your favorites today! 🎯📈
Tags: Order Flow, Volume Profile, VPOC, Institutional Trading, Smart Money, Delta, Sector Rotation, Heatmap, Market Scanner, Level 2, Bid Ask Imbalance, Order Blocks, ICT, Supply Demand, Footprint Chart, Accumulation Distribution, Whale Tracking
🎯 Overview
The Level 2 Order Flow Oracle™ is an advanced institutional-grade trading indicator that combines sophisticated order flow analysis with real-time sector rotation monitoring. This all-in-one tool provides traders with deep market insights by analyzing bid/ask imbalances, volume profile (VPOC), institutional footprints, and smart money divergences - all while displaying a dynamic sector heatmap that automatically adapts to your selected symbol.
Whether you're a day trader, swing trader, or institutional investor, this indicator delivers actionable signals with confidence ratings, risk-reward ratios, and precise entry/exit levels backed by multi-factor analysis.
✨ KEY FEATURES
🔬 Advanced Order Flow Analysis
Delta Calculation: Real-time buy/sell volume delta with cumulative tracking
Aggressive Order Detection: Identifies large market orders hitting the bid/ask
Bid/Ask Imbalance Proxy: Detects strong buying or selling pressure based on candle positioning
Order Absorption Detection: Spots institutional walls absorbing market orders
Iceberg Order Detection: Identifies hidden institutional orders
📍 Volume Profile & VPOC
Dynamic VPOC Calculation: Point of Control showing highest volume traded price levels
Volume Distribution Analysis: 10-level price-volume histogram updated every 5 bars
VPOC Distance Tracking: Monitors price position relative to high-volume nodes
🐋 Institutional Footprint Detection
Smart Money Tracking: Identifies large institutional buy/sell orders (3x+ volume)
Distribution/Accumulation Signals: Detects volume divergences at price extremes
Order Block Mapping: Marks key institutional support/resistance zones
Order Block Retests: Alerts when price revisits institutional levels
🎯 Multi-Factor Prediction Engine
8-factor scoring system analyzing:
Trend Alignment (20 points) - EMA 8/21/50 confluence
Order Flow (25 points) - Delta and aggressive orders
Bid/Ask Imbalance (15 points) - Market pressure
Institutional Activity (20 points) - Smart money footprints
Volume Profile (10 points) - VPOC positioning
Absorption (10 points) - Large order walls
Pattern Recognition (10 points) - Reversal/continuation setups
Momentum (10 points) - RSI, MACD, MFI alignment
🔒 Prediction Lock Mechanism
Confidence-Based Signals: Only triggers at 65%+ (customizable)
Stabilization Period: Locks predictions for 10 bars (adjustable) to prevent whipsaws
Dynamic Targets: ATR-based profit targets (1.5x to 2.5x based on confidence)
Risk Management: Automatic stop-loss calculation
Risk-Reward Filter: Only displays signals with 2:1+ R:R ratio
🔥 Dynamic Sector Heatmap
Auto-Detection: Automatically identifies which sector your symbol belongs to
10 Sectors Covered: Technology, Finance, Healthcare, Consumer, Energy, Industrial, Communication, Utilities, Materials, Market Indices
Real-Time Performance: Updates every tick showing intraday % change
Relative Strength Mode: Toggle to show performance vs SPY
Visual Color Coding:
🟢 Strong Green: >2.5% gain
🟢 Green: 1.2-2.5%
🟢 Light Green: 0.4-1.2%
⚪ Neutral: -0.4% to +0.4%
🔴 Light Red: -0.4% to -1.2%
🔴 Red: -1.2% to -2.5%
🔴 Strong Red: <-2.5%
Current Symbol Highlight: Shows ▶ arrow next to your active ticker
6 Top Symbols Per Sector: Displays the most liquid/representative stocks
📊 Comprehensive Dashboard
Real-time metrics displayed:
Signal Direction: BULL/BEAR/WAIT with confidence %
Lock Status: Countdown until next signal update
Price Targets: Entry, target, and stop levels
Risk-Reward Ratio: Actual R:R for current setup
Delta: Current buy/sell volume difference
Imbalance: Bid/Ask pressure indicator
Institutional Activity: Whale buy/sell detection
Absorption: Large order wall detection
VPOC Distance: % distance from volume point of control
Order Block Status: Active bullish/bearish block tests
Volume Ratio: Current vs average volume
RSI & MFI: Momentum oscillators with overbought/oversold zones
🎨 VISUAL COMPONENTS
Chart Overlays
EMA Ribbons: 8/21/50 period exponential moving averages
Bollinger Bands: 20-period with 2 standard deviations
VPOC Line: Dynamic volume point of control
Order Blocks: Dotted lines showing institutional zones (50-bar memory)
Prediction Arrow: Directional forecast with confidence label
Stop Loss Line: Dashed red risk management level
Background Coloring: Subtle green/red tint indicating active signal
Signal Labels
🚀 Bullish Signal: Green label below bar with confidence %
⚠️ Bearish Signal: Red label above bar with confidence %
Appears only when:
Confidence ≥ threshold (default 65%)
Risk-reward ratio ≥ 2:1
Lock period expired or confidence jumped 15%+
⚙️ CUSTOMIZATION OPTIONS
Prediction Settings
Prediction Horizon: 5-20 bars (default: 10)
Min Confidence %: 50-90% (default: 65%)
Lock Period: 5-20 bars (default: 10)
Level 2 Analysis Toggles
☑️ Order Flow Analysis
☑️ Volume Profile (VPOC)
☑️ Institutional Footprints
☑️ Order Absorption Detection
☑️ Bid/Ask Imbalance
Display Options
☑️ Dashboard (position: Top Center)
☑️ Order Blocks
☑️ Signals
Font Size: Tiny/Small/Normal
Sector Heatmap Settings
☑️ Show Sector Heatmap
Position: Top Left/Right, Bottom Left/Right
Size: Tiny/Small/Normal
☑️ Show vs SPY (Relative Strength Mode)
Sector Override: Manual sector selection or Auto-Detect
🔔 ALERT CONDITIONS
Create automated alerts for:
🚀 L2 Buy Signal: Bullish setup detected with confidence %
⚠️ L2 Sell Signal: Bearish setup detected with confidence %
🐋 Whale Buy: Institutional buying detected (3x+ volume)
🐋 Whale Sell: Institutional selling detected (3x+ volume)
📊 Absorption: Large order absorption detected
✅ Bull OB Test: Price testing bullish order block
❌ Bear OB Test: Price testing bearish order block
📈 HOW TO USE
For Day Traders
Enable all Level 2 Analysis features
Set Lock Period to 5 bars for faster signals
Monitor Dashboard for real-time delta and imbalance
Watch for 🐋 Whale alerts indicating institutional activity
Use Sector Heatmap to identify strong/weak sectors for momentum plays
For Swing Traders
Increase Lock Period to 15-20 bars for more stable signals
Raise Min Confidence to 70-80% for higher probability setups
Wait for Order Block retests with confirmation
Monitor sector rotation for multi-day trends
Use 2:1+ R:R signals only
For Position Traders
Focus on higher timeframes (4H, Daily)
Set Min Confidence to 80%+ for institutional-grade setups
Combine with fundamental analysis of sector leaders
Use Sector Heatmap to identify sector rotation
Wait for both Order Flow AND Institutional Activity alignment
Reading the Sector Heatmap
Strong outperformance (bright green): Sector leadership, consider long positions
Relative weakness (red): Sector lagging, consider avoiding longs
Divergence: If your stock is red but sector is green → investigate weakness
Convergence: If your stock matches sector → confirmation of trend
🧮 TECHNICAL SPECIFICATIONS
Pine Script Version: 5
Chart Type: Overlay indicator
Calculation Frequency: Every tick
Max Security Calls: 14 (well under 40 limit)
Performance Impact: Optimized with conditional loading
Sectors Covered: 10 major market sectors
Symbols Per Sector: 6 most liquid representatives
Historical Data: VPOC uses 20-bar lookback, Order Blocks track 50 bars
💡 BEST PRACTICES
Combine with Price Action: Use signals as confirmation, not sole entry reason
Respect the Lock: Don't chase trades during lock period - wait for next signal
Watch Order Blocks: Retests of institutional zones often provide best entries
Sector Context Matters: A bullish signal in a weak sector may underperform
Volume Confirmation: Higher volume on signals = higher probability
Multiple Timeframes: Check higher timeframe alignment for better success rate
Risk Management: Always use the calculated stop-loss levels
Filter by R:R: Only take trades with 2:1+ risk-reward ratio
⚠️ IMPORTANT NOTES
Sector Auto-Detection: Works for major US equities; use Manual Override for others
Real-Time Data: Heatmap requires real-time data subscription for accurate updates
Backtesting: Prediction lock mechanism prevents repainting
Market Hours: Most effective during regular trading hours with higher volume
Not Financial Advice: This is a technical analysis tool; always do your own research
🎓 INDICATOR COMPONENTS EXPLAINED
Delta
Positive delta = More buying pressure
Negative delta = More selling pressure
Cumulative delta above SMA = Bullish accumulation
Cumulative delta below SMA = Bearish distribution
VPOC (Volume Point of Control)
Price level with highest traded volume
Acts as magnetic level for price action
Bullish when price > VPOC
Bearish when price < VPOC
Order Blocks
Price zones where institutions placed large orders
Bullish OB: Support zone from institutional buying
Bearish OB: Resistance zone from institutional selling
Retests often provide optimal entry points
Absorption
Large volume + small price movement = order absorption
Indicates institutional player absorbing market orders
Often precedes reversals or consolidation
🚀 GETTING STARTED
Add to Chart: Click "Add to Favorites" and apply to any chart
Choose Your Symbol: Works on stocks, indices, ETFs
Customize Settings: Adjust confidence threshold and lock period to your style
Position Heatmap: Move to preferred corner (default: Bottom Right)
Set Alerts: Create alerts for L2 Buy/Sell signals
Monitor Dashboard: Watch for signal updates and metrics
Execute Trades: Follow signals with proper risk management
📊 COMPATIBLE WITH
US Equities: All NASDAQ, NYSE, AMEX stocks
Major Indices: SPY, QQQ, DIA, IWM
ETFs: Sector ETFs, commodity ETFs
Timeframes: 1min to Daily (optimized for 5min-1H)
Market Conditions: Trending and ranging markets
🛡️ RISK DISCLAIMER
Trading involves substantial risk of loss. Past performance is not indicative of future results. This indicator is a technical analysis tool and should not be used as the sole basis for trading decisions. Always use proper risk management, position sizing, and stop losses. The creator is not responsible for any trading losses incurred using this indicator.
📞 SUPPORT & UPDATES
Regular updates with new features and improvements
Bug fixes and performance optimizations
Community feedback integration
Follow for update notifications
🏆 WHY CHOOSE LEVEL 2 ORDER FLOW ORACLE™?
✅ Institutional-Grade Analysis: Tools previously available only to professional traders
✅ Multi-Factor Confirmation: 8-factor scoring eliminates false signals
✅ Real-Time Sector Context: Understand market rotation in real-time
✅ No Repainting: Prediction lock mechanism ensures historical signals don't change
✅ Complete Trading System: Entry, target, stop - everything calculated automatically
✅ Visual Clarity: Clean dashboard and heatmap for quick decision making
✅ Customizable: Adjust to your trading style and risk tolerance
✅ Professional Support: Regular updates and improvements
Transform your trading with institutional-grade order flow analysis. Add Level 2 Order Flow Oracle™ to your favorites today! 🎯📈
Tags: Order Flow, Volume Profile, VPOC, Institutional Trading, Smart Money, Delta, Sector Rotation, Heatmap, Market Scanner, Level 2, Bid Ask Imbalance, Order Blocks, ICT, Supply Demand, Footprint Chart, Accumulation Distribution, Whale Tracking
סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, תוכל להשתמש בו בחופשיות וללא כל מגבלות – למד עוד כאן
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, תוכל להשתמש בו בחופשיות וללא כל מגבלות – למד עוד כאן
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.