Price Action Concept
- Göstergeler
- Subrata Das
- Sürüm: 14.0
Key Features
1. Advanced Market Structure (BOS & CHoCH)
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Dual Structure Analysis: Automatically identifies both Internal Structure (short-term) and Swing Structure (major trends).
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BOS & CHoCH: Clearly marks Break of Structure (BOS) and Change of Character (CHoCH) with distinct styles.
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Visual Perfection:
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Internal: Dotted lines for minor structure.
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Swing: Solid lines for major structure.
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No Overlap: Fixed logic prevents lines from overlapping or piercing through candles.
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2. Smart Fair Value Gaps (FVG)
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Auto Detection: Instantly spots Bullish and Bearish Imbalance/FVG zones.
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Smart Mitigation: The FVG box automatically cuts off (stops extending) as soon as price touches/mitigates it. This prevents the chart from being covered in infinite bars.
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Clutter Control: Automatically hides old or filled gaps, showing only the most relevant active zones (Limit set to 3-5 by default).
3. Trend Tracer & Signals
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Dynamic Trend Line: A volatility-based trend line (ATR & Bollinger logic) that adapts to market speed.
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Color-Coded Trend: The line turns Lime during uptrends and Red during downtrends.
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Arrows: Provides clear arrow signals when the trend direction changes, offering potential entry or exit points.
4. Intelligent Candle Coloring
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Colors the candle bodies based on the current trend context.
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Bullish Trend: Lime Green.
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Bearish Trend: Red.
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No Gray Overlay: Neutral candles remain in their original chart color (transparent/default), ensuring no visual distraction during consolidation.
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Customizable Source: You can choose to color candles based on either Internal Structure or Swing Structure from the settings.
5. Institutional Levels (PDH/PDL)
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Automatically plots Previous Day High (PDH) and Previous Day Low (PDL), which act as critical liquidity pools and support/resistance levels for intraday traders.
Input Parameters
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INTERNAL STRUCTURE: Enable/Disable, Adjust Lookback Period (Sensitivity), Colors.
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SWING (EXTERNAL) STRUCTURE: Enable/Disable, Adjust Lookback Period (Default: 50), Colors.
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FAIR VALUE GAPS (FVG): Toggle On/Off, Limit visible FVGs, Toggle Fill/Outline, Colors.
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DAILY LEVELS: Toggle PDH/PDL lines.
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TREND TRASER: Adjust Trend Length, Deviation, and ATR Period for signal sensitivity.
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CANDLE COLOR SETTINGS: Toggle coloring on/off, select calculation source (Internal vs. Swing).
