Price Action Toolkit Lite [UAlgo]

2024年7月16日

The Price Action Toolkit Lite [UAlgo] is a comprehensive indicator designed to enhance your chart analysis with advanced price action tools. This powerful toolkit combines multiple technical analysis concepts to provide traders with a clear visualization of market structure, liquidity levels, order blocks, and trend lines. By integrating these elements, the indicator aims to offer a holistic view of price action, helping traders identify potential entry and exit points, as well as key levels of interest in the market.

🔶 Key Features

Market Structure Analysis: The indicator includes a ZigZag feature to highlight significant market highs and lows, aiding in the visualization of market structure changes and trends.



Liquidity Sweeps Detection: It identifies and displays liquidity sweeps, which are crucial for recognizing potential market reversals and areas of interest where significant price action is likely to occur.



Order Blocks: Automatically detects and draws order blocks, highlighting areas of institutional buying and selling pressure, which can serve as key support and resistance levels.



Trend Lines: The toolkit can draw and extend trend lines based on pivot points, providing a clear view of prevailing market trends and potential breakout points.



Customizable Settings: Users can adjust various settings, including the length of the ZigZag, liquidity detection sensitivity, the number of order blocks to display, and trend line detection parameters, allowing for a tailored analysis experience.

🔶 Disclaimer

The "Price Action Toolkit Lite [UAlgo]" is intended for educational and informational purposes only.

It is not financial advice and should not be construed as such. Trading in financial markets involves substantial risk, including the risk of loss.

Past performance is not indicative of future results.

🔷 Similar Scripts

https://www.tradingview.com/script/RdfnBPYp-Smart-Money-Concepts-UAlgo/

2024年11月19日

版本注释

Pinescript version update.