Price Action Toolkit | Flux Charts

2024年1月2日

💎 GENERAL OVERVIEW
Introducing our new Price Action Toolkit [MTF] indicator! Price Action Toolkit integrates key level strategy, traditional supply-demand analysis, and market structures to help traders in their decisions. Now with features that are available to use in multiple timeframes!

Features of the new Price Action Toolkit [MTF] indicator :

1. Volumized Fair Value Gaps (FVGs)
   
2. Volumized Order & Breaker Blocks
   
3. Identification of Market Structures
   
4. Equal Highs & Lows
   
5. Buyside & Sellside Liquidity
   
6. Premium & Discount Zones
   
7. MTF Highs & Lows (Daily, Weekly, Monthly, Pre-Market)
   
8. Customizable Settings
   

📌 HOW DOES IT WORK ?
We believe that the analytical elements that are within this indicator work best when they co-exist with each other on the chart. Trading often requires taking multiple elements into consideration for better accuracy on market analysis. Thus, we combined some of the useful strategies in one indicator for ease of use.

1. Volumized Fair Value Gaps
Fair value gaps often occur when there is an imbalance in the market, and can be spotted with a specific formation on the chart.



The volume when the FVG occurs plays an important role when determining the strength of it, so we've placed two bars on the FVG zone, indicating the high & low volumes of the FVG. The high volume is the total volume of the last two bars on a bullish FVG, while the low volume is [total volume] - [high volume] of the FVG. For a bearish FVG, the total volume of the last two bars is the low volume. The indicator can also detect FVGs that exist in other timeframes than the current chart.

2. Volumized Order Blocks
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.



The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.

3. Volumized Breaker Blocks
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.



The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.

4. Market Structures
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.





5. Equal Highs & Lows
Equal Highs & Lows occur when there is a significant amount of difference between a candle's close price and it's high / low value, and it happens again in a specific range. EQH and EQL usually mean there is a resistance that blocks the price from going further up / down.



6. Buyside & Sellside Liquidity
Buyside & Sellside Liquidity zones are where most traders place their take-profits and stop-losses in their long / short positions. They are spotted by using high & low pivot points on the chart.



7. Premium & Discount Zones
The premium zone is a zone that is over the fair value of the asset's price, and the discount zone is the opposite. They are formed by the latest high & low pivot points.



8. MTF Highs / Lows
MTF Highs / Lows are actually pretty self-explanatory, you can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows.



🚩UNIQUENESS
Our new indicator offers a comprehensive toolkit for traders, combining multiple analytical elements with customizable settings to aid in decision-making across different market conditions and timeframes. The volumetric information of both FVGs and Order & Breaker Blocks will be present in your chart to serve you greater detail about them. The indicator also efficiently identifies market structures, liquidity zones and premium & discount zones to give you an insight about the current state of the market. And finally with the use of multiple timeframes, you can easily take a look at the bigger picture. We recommend reading the "How Does It Work" section of the descripton to get a better understanding about how this indicator is unique to others.

⚙️SETTINGS

1. General Configuration
Show Historic Zones -> This will show historic Fair Value Gaps, Order & Breaker Blocks and Sellside & Buyside liquidities which are expired.

2. Fair Value Gaps
Enabled -> Enables / Disables Fair Value Gaps

Volumetric Info -> The volumetric information of the FVG Zones will be rendered if activated.





Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.





Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.

FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.



Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.

3. Order Blocks

Enabled -> Enables / Disables Order Blocks



Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.

Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.

Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.

4. Breaker Blocks
Enabled -> Enables / Disables Breaker Blocks



Volumetric Info -> The volumetric information of the Breaker Blocks will be rendered if activated.

Zone Invalidation -> Select between Wick & Close price for Breaker Block Invalidation.

5. Timeframes
You can set and enable / disable up to 3 timeframes. Note that only higher timeframes than the current chart will work.

6. Market Structures


Break Of Structure (BOS) -> If the current structure of the market is broken in a bullish or bearish direction, it will be displayed.

Change Of Character (CHoCH) -> If the market shifts into another direction, it will be displayed.

Change Of Character+ (CHoCH+) -> This will display stronger Change Of Characters if enabled.

7. Equal Highs & Lows


EQH -> Enables / Disables Equal Highs.
EQL -> Enables / Disables Equal Lows.

ATR Multiplier (0.1 - 1.0) -> Determines the maximum difference between highs / lows to be considered as equal. Lower values will result in more accurate results.

8. Buyside & Sellside Liquidity


Zone Width -> Determines the width of the liquidity zones, 1 = 0.025%, 2 = 0.05%, 3 = 0.1%.

9. Premium & Discount Zones


Enabled -> Enables / Disables Premium & Discount Zones.

10. MTF Highs / Lows

You can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows using this setting. You can also switch their line shapes between solid, dashed and dotted.

2024年1月3日

版本注释

• Added "Volume Imbalances" feature.
  

The indicator can now detect volume imbalances on the chart. Volume imbalances are typically detected by looking at the gaps between close & open values of bars in series.

Settings
Enabled -> Enables / Disables the Volume Imbalances feature.

Gap Size -> The occured gap's size of the volume imbalance to be detected. Low = 0.1%, Normal = 0.25%, High = 0.5%. Higher settings will result in less volume imbalances detected.

Disable Overnight Gaps -> If enabled, gaps that occur between market close & market open will not be evaluated.

2024年1月10日

版本注释

• Added a style setting to change the default text color
  
• Improved detection of EQL & EQH lines by making sure the first low is always lower than the second low, and the first high is always higher than the second high
  

2024年1月10日

版本注释

• Fixed a bug with EQL & EQH
  

2024年1月13日

版本注释

• Fixed a bug that sometimes caused flickering of rendered zones
  

2024年1月16日

版本注释

Added alerts for:

• Fair Value Gaps
  
• Order Blocks
  
• Breaker Blocks
  
• BOS
  
• CHoCH
  
• CHoCH+
  

2024年1月18日

版本注释

• Added a "Zone Count" setting to the Order & Breaker Blocks feature, so you can adjust how many of them you want to see in your chart.
  

2024年1月19日

版本注释

• Fixed an error that sometimes occur when using multiple timeframes.
  

2024年2月15日

版本注释

• Added alert functionality for "EQH" and "EQL" structures.
  

2024年2月28日

版本注释

• Fixed a rare bug happening with bigger candles.
  

2024年3月2日

版本注释

• Improved General Reliability
  
• Added a new setting "Allow Gaps Between Bars". On tickers that can have a different opening price than the previous bar's closing price, the indicator will not analyze those bars for FVGs if disabled. For Example, if the today's opening price is different from the yesterday's closing price in a stock ticker.
  

2024年3月15日

版本注释

• Added CHoCH / CHoCH+ Bar Coloring Feature
  
• Added Inversion Fair Value Gaps
  
• Added Liquidity Grabs
  
• Improved Liquidity Zones visibility.
  
• Added alert functionality for new features.
  
• Improved overall optimization.
  

2024年3月25日

版本注释

• Added rendering option to hide further zones
  

2024年4月17日

版本注释

• Enabling IFVGs no longer requires FVGs to be enabled
  
• Improved FVG Detection method
  

2024年4月21日

版本注释

• Changed the default setting of "Max Distance Of Last Bar" to "Normal" from "High" to reduce memory errors
  

2024年7月7日

版本注释

• Added Bullish & Bearish Volume Imbalance Alerts
  

2024年7月30日

版本注释

• Added New Volume Imbalance Sensitivity Settings
  
• Session Highlighting Mode (New York, London, Frankfurt, Asia)
  
• Various Fixes
  

2024年7月31日

版本注释

• Updated session name formatting.
  

2024年8月5日

版本注释

• Updated order & breaker block detection consistency across indicators.
  

2024年8月12日

版本注释

• Improved Premium & Discount Zone Detection
  
• Fixes to some alert re-trigger issues
  

2024年9月5日

版本注释

1. Improved visuals on tickers without volume information.
   
2. Improved reliability for alerts.
   

2024年9月24日

版本注释

• Added AM, Lunch & PM Sessions
  
• Improved Session Visuals
  

2024年10月2日

版本注释

• Fixed a rare error that FVG misrenderings
  
• Revised FVG "Allow Gaps Between Bars" option to not allow any gaps when disabled
  
• Fixed a problem where Past Day / Week / Month Lows & Highs were sometimes misaligned
  
• Various Optimizations
  

2024年10月7日

版本注释

Various Optimizations & Fixes

2024年10月21日

版本注释

• Shorter labels setting for Past Day / Week / Month Highs & Lows
  
• Past Day / Week / Month Open Levels
  

2024年10月30日

版本注释

• Various fixes for Previous Day / Week / Month Levels
  

2024年11月20日

版本注释

• You can now enable / disable combination of zones for FVGs & Order Blocks.
  

2024年12月5日

版本注释

• Fixed various MTF issues
  

2024年12月18日

版本注释

Fixed an issue with combined Breaker Blocks sometimes not invalidating properly.

2024年12月29日

版本注释

• Non-Invalidated zones now extend 10 candlesticks further from the latest candlestick for visual clarity
  
• Fair Value Gaps now start from first bar of their formation instead of the last bar
  
• Order Block & Fair Value Gap Invalidations now default to "Close" instead of "Wick"
  
• Aligned Session Names in settings
  

2024年12月29日

版本注释

• Non-Invalidated zones now extend 10 candlesticks further from the latest candlestick for visual clarity
  
• Fair Value Gaps now start from first bar of their formation instead of the last bar
  
• Order Block & Fair Value Gap Invalidations now default to "Close" instead of "Wick"
  
• Aligned Session Names in settings
  

1月21日

版本注释

• Converted Script to PineScript v6
  
• Various Optimizations & Fixes
  

1月30日

版本注释

• Solved pre-market levels disappearing after a while.
  
• Consecutive sessions now align properly.
  
• Various optimizations.
  

2月12日

版本注释

• Show Historic Zones setting is now disabled by default
  
• Improved combination of overlapping zones feature
  
• Fixed a problem that caused market structres to appear across gaps in the chart
  

2月26日

版本注释

• Fixed a bug where the liquidity zone width setting didn't apply correctly.
  
• Various Optimizations
  

3月24日

版本注释

The Price Action Toolkit had a massive rework! All features are now optimized for faster loading & runtime speeds. You can find the full patch notes below:

• Removed Max Distance To Last Bar setting. The script now always runs on the maximum bars possible.
  

Fair Value Gaps:

• Fair Value Gap detection method was improved for efficiency
  
• REMOVED: Zone Filtering setting
  
• REMOVED: Volume Threshold % setting
  
• NEW: "All" Detection Method. This detects both same & mixed FVGs.
  
• UPDATED: The sensitivity setting is now an integer value between 0-25, 0 Detects all FVGs while higher values filter out smaller gaps.
  
• NEW: Midline setting
  

Inversion Fair Value Gaps:

• NEW: Midline setting
  

Order Blocks:

• Order Block detection was changed for efficiency and faster detection
  
• UPDATED: Swing Length setting is now "Sensitivity". Lower sensitivity will detect more order blocks.
  

Breaker Blocks:

• NEW: Midline setting
  

Volume Imbalances:

• UPDATED: The sensitivity setting is now an integer value between 0-10. 0 Detects all VIs while higher values filter out smaller imbalances.
  
• NEW: Midline setting
  
• NEW: You can now change Volume Imbalance colors
  

MTF Highs / Lows:

• NEW: Shorter Lines setting.
  

Sessions:
NEW: Session boxes now extend until their corresponding end time immediately
Style:
NEW: Text Size setting

3月25日

版本注释

Added label settings for:

• Fair Value Gaps
  
• Order Blocks
  
• Sellside / Buyside Liquidity
  
• Volume Imbalances
  

Note that enabling the setting for Order Blocks & FVGs will enable them for Breaker Blocks & IFVGs as well.

3月27日

版本注释

Renamed to Flux Charts® - Price Action Toolkit

4月2日

版本注释

• Improved general FVG Detection conditions.
  

4月7日

版本注释

• The default FVG Sensitivity is set to 2 instead of 0
  
• When FVG Sensitivity is set to 0 now, all FVGs will be detected, regardless of their size
  

4月15日

版本注释

• Added Midline setting for Order Blocks
  
• Fixed an issue where pre-market levels were not rendering correctly.
  
• Renamed Shorter Lines & Shorter Labels setting on for the MTF Highs / Lows settings
  

4月20日

版本注释

• The Premium & Discount zones were updated to have better visual clarity, and the their labels can now be toggled on / off.
  
• Various changes & fixes for dependent scripts.
  

4月27日

版本注释

• Bullish & Bearish Order Blocks can no longer overlap with each other.
  
• Order Blocks will not be detected if they are too close to each other.
  
• Fixed an issue where "Same" & "Mixed" settings did not work properly for FVG detection.
  
• IFVG & Breaker Block detection is improved.
  
• Fixed an issue where Bullish BOS could be lower than the previous Bullish BOS & Bearish BOS could be higher than the previous Bearish BOS.
  

4月29日

版本注释

• Fixed an issue with the new Order Block detection logic that could cause excess removal of some Order Blocks.
  

5月1日

版本注释

• New "Trendlines" Feature! Effortlessly identify the prevailing direction of price action with the new Trendlines feature. Enable it to have significant support and resistance lines automatically drawn on your chart. These lines dynamically adjust as new price data comes in, offering a clear visual representation of the current trend. Watch for price interactions with these lines, as breakouts or bounces can provide potential trading signals. You can enable / disable alerts for detection of bullish & bearish trendlines.
  

5月19日

版本注释

• Trendlines are now enabled by default.
  
• Improvements for Break of Structure (BOS) and Change of Character (CHoCH) detection.
  
• Zones that are too far away from the current price will be now hidden for a clearer view.
  
• Order Block detection was improved and the combine zones setting was removed.
  

5月23日

版本注释

• NEW! Visible Extended Zones setting. You can now set the amount of bullish & bearish zones that will be extended. This applies for Order Blocks, Breaker Blocks, FVGs, IFVGs & Trendlines.
  
• Removed the logic to hide zones that are far away from the current price.
  

6月18日

版本注释

• Resolved an issue where certain order blocks were being detected too close together.
  

7月14日

版本注释

• Added retest alerts for bullish and bearish Order Blocks