Bento Market Structure
- Индикаторы
- Gede Hendra Saputra
- Версия: 1.5
- Обновлено: 7 марта 2024
- Активации: 5
Overview
Automated market structure identification following SMC and ICT concept, it gives an unprecedented edge on your market structure analysis by automatically identifies valid market structure using smart and powerful structure mapping mechanism:
- Identify impulsive and corrective moves
- Identify valid pullbacks built by impulsive and corrective market moves
- Idenitfy bearish or bullish leg and their inducements
- Identify valid market structure based on inducement sweep
- Identify swing and internal structure
- Identification of FVG (Fair Value Gap) including Regular, Implied, Volume and Gap
- Identification of Order Block based on pullback followed up by an FVG
- Identify IFC (Institutional Funding Candle)
These are all thanks to the following unique, beautiful and performant implementation of:
- Independent bullish and bearish market structure identification
- Contextual market structure in-control (bearish or bullish swing structure) to spot buy side and sell side liquidity
- Configuration of premium and discount area within the structure
Details in Chart
Each objects rendered in your chart represents:
- Alice Blue Rectangle: Major/Swing Bullish Structure
- Lavender Blush Rectangle: Major /Swing Bearish Structure
- Lavender Rectangle: Order Flow of Major/Swing Bullish Structure
- Misty Rose Rectangle: Order Flow of Major/Swing Bearish Structure
- Tomato/Dodger Blue Dots: located above/below shadows represents Valid Pullback within a structure
- Fire Brick/Dodger Blue Horizontal Line: Represent Change of Character and Break of Structure
- Tomato/Dodger Blue Rectangle: on candle(s) represents Fair Value Gap
- Gold Rectangle: Represents Institutional Funding Candle and Order Block
Trading Strategy
- This is a full implementation of mechanical market structure identification which automatically identify pullbacks, impulsive, and correction move to build up a valid strcuture
- Once a valid market structure is identified, then you have your dealing range (buy side and sell side extreme liquidity)
- Within a market structure in HTF, try to locate liquidity-like pattern such as:
- Clouds of pullbacks (dots)
- Pullback in premium area (50% area of dealing range)
- Order block (pullback and subsequent FVG) in premium area
- FVG in premium area
- Once price hit the area:
- Wait for a valid move to opposite direction in lower timeframe, such as M1 or M5
- Color of visited area will then change to gray to indicate its no longer a fresh area
Good luck :)
