Idea
The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!
Method
We let the market first create a fractal
We then let the market create an opposite fractal
We then let the market break the first fractal it created, thereby trapping lots of trades in the process
...
The Multi-Indicator includes the functionality of the following indicators:
1. Market Structure
2. Support and Resistance
3. VWAP
4. Simple Moving Average
5. Exponential Moving Average
Functionality of the Multi-Indicator:
Market Structure
As we already know, the market structure is one of the most important things in trading. If we are able to identify the...
This is a Index Screener which can short list the major Sectors contributing to NIFTY movement that day.
This helps in sector based trading, in which we can trade in the stocks which falls under that particular sector.
No need to roam around all the stocks in the whole watchlist.
It is recommended to create sector wise watchlist of all sectors. It will be easier...
This indicator consists of 3 features:
1. Plots label to the right for current market structure
2. Plots dashed line to show where the next market structure would be
3. Draws arrows above/below historical market structure breaks
This might get a little to noisy in ranging markets or lower timeframes but it does the job.
Credits to @SimpleCryptoLife for the...
See market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure...
A simple indicator that identifies "inside bars" by painting them blue.
An inside candle is a candle that has a lower high and higher low than the previous candle.
I like to use it on the daily chart to find areas of price compression that lead to a breakout.
The price then often trends in the direction of the breakout.
Especially powerful when combined with...
I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas and thoughts on how this indicator can be improved, so...
![BTCUSDT: [SCL] True Market Structure](https://s3.tradingview.com/e/EFmG7QuJ_mid.png "[SCL] True Market Structure")
