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已更新 Structure_TradingHub
The smart money concept suggests that institutional traders have a greater understanding of the market and often have access to more information than retail traders. Therefore, by analyzing market structure, retail traders can align themselves with the actions of smart money and potentially profit from their moves.
This indicator considerably simplifies the process of identification of market structure for traders based on the TradingHUB-3 technical method. Therefore, it is quite different from the existing market structure or trend detection tools, even the other smart-money-based indicators.
How it works:
The indicator starts candlestick analysis from the given start point detecting followings items.
1) Identify valid pullbacks (minor Zigzag):
Uptrend: In the upward trend, each candle that hits a higher high (HH), acts as our checking candle, and if the next candle hits its low, a valid pullback is formed, and we marked the checking candle as the end of a minor leg. Note that we do not take inside bars into account. If the highest point of the leg hit, the lowest point is marked as the end of pullback leg. On the other hand, if the lowest point of the upward leg is hit, the pullback checking procedure is restarted as a downtrend. Note that the downward checking is restarted from the highest point (previous checking candle).
Downtrend: The pullback detection for downtrend follows the reverse procedure of uptrend.
2) Identify inducements (IDM)
The last pullback point (on the minor zigzag) considers as the inducement level. In the uptrend, if the price hit the IDM, the highest point on the major leg is accepted as a major higher high. Note, if the IDM point is equal to a major HL and hit by price, the highest point is accepted as a new HH and the previous HH and LL are deleted (i.e. the HH is transferred).
In the downtrend, it acts conversely.
3) Identify valid break of structures (BOS)
In the uptrend, if the price closed above the highest point between the previous accepted HH to the current candle, a BOS is accrued, and the lowest point in this time interval is accepted as a higher low (HL). In the downtrend, it acts contrariwise.
4) Identify valid change of characters (Choch)
In the uptrend, if the price closed below the lowest point between the previous accepted HL to the current candle, a Choch is accrued, and the major trend changes from uptrend to downtrend, and a new reverse IDM will be detected. In the downtrend, it acts inversely.
5) Identify major HH/HL/LL/LH points
By following the above steps, the major higher highs, higher lows, lower highs, and lower lows, as well as the major trend are detected. The major high and lows on the major trend can be displayed by zigzag style or bullet points with corresponding up/down color.
How to use it:
This indicator works in any chart timeframe, and it does not need much tunning for use. Although, two parameters can be modified:
1- Starting Point:
Mode 1: Go back a certain number of candles in the past to find the starting point.
Mode 2: Use the last major swing that is higher/lower point between X candles right and left.
2- Choch/BOS min ticks' confirmation: The user can set an extra pipettes value that price should close higher/lower than the major H/L for more confirmation.
A trader can use this indicator for trading through the following steps (Of course, the trader is not restricted in these steps and can act according to its trading strategy):
1- Recognize the trend direction by seeing the H/L or zigzag color.
2- Identify the unmitigated IDM, which is marked by "X". When the inducement hit, the level is marked by "IDM", and a major H/L is confirmed.
3- Identify an order block to trade on it. We recommend users to add "OrderBlock_TradingHub " indicator to identify valid order blocks easily according to this technical method.
4- Go to the lower timeframe to find a trigger.
Indicator Options:
1) Set the starting point based on a certain number of candles or a major swing.
2) Show/Hide Pullbacks zigzag
3) Show/Hide Inducements (IDM)
4) Show/Hide Change of Characters (CHoCHs)
5) Show/Hide Break of Structures (BOS)
6) Draw up/down Trend
7) Draw H/L Points (by major Zigzag or Bullets)
8) Set CHoCH/BOS min pipettes for confirmation
9) Change the color and style of elements on the chart
This indicator considerably simplifies the process of identification of market structure for traders based on the TradingHUB-3 technical method. Therefore, it is quite different from the existing market structure or trend detection tools, even the other smart-money-based indicators.
How it works:
The indicator starts candlestick analysis from the given start point detecting followings items.
1) Identify valid pullbacks (minor Zigzag):
Uptrend: In the upward trend, each candle that hits a higher high (HH), acts as our checking candle, and if the next candle hits its low, a valid pullback is formed, and we marked the checking candle as the end of a minor leg. Note that we do not take inside bars into account. If the highest point of the leg hit, the lowest point is marked as the end of pullback leg. On the other hand, if the lowest point of the upward leg is hit, the pullback checking procedure is restarted as a downtrend. Note that the downward checking is restarted from the highest point (previous checking candle).
Downtrend: The pullback detection for downtrend follows the reverse procedure of uptrend.
2) Identify inducements (IDM)
The last pullback point (on the minor zigzag) considers as the inducement level. In the uptrend, if the price hit the IDM, the highest point on the major leg is accepted as a major higher high. Note, if the IDM point is equal to a major HL and hit by price, the highest point is accepted as a new HH and the previous HH and LL are deleted (i.e. the HH is transferred).
In the downtrend, it acts conversely.
3) Identify valid break of structures (BOS)
In the uptrend, if the price closed above the highest point between the previous accepted HH to the current candle, a BOS is accrued, and the lowest point in this time interval is accepted as a higher low (HL). In the downtrend, it acts contrariwise.
4) Identify valid change of characters (Choch)
In the uptrend, if the price closed below the lowest point between the previous accepted HL to the current candle, a Choch is accrued, and the major trend changes from uptrend to downtrend, and a new reverse IDM will be detected. In the downtrend, it acts inversely.
5) Identify major HH/HL/LL/LH points
By following the above steps, the major higher highs, higher lows, lower highs, and lower lows, as well as the major trend are detected. The major high and lows on the major trend can be displayed by zigzag style or bullet points with corresponding up/down color.
How to use it:
This indicator works in any chart timeframe, and it does not need much tunning for use. Although, two parameters can be modified:
1- Starting Point:
Mode 1: Go back a certain number of candles in the past to find the starting point.
Mode 2: Use the last major swing that is higher/lower point between X candles right and left.
2- Choch/BOS min ticks' confirmation: The user can set an extra pipettes value that price should close higher/lower than the major H/L for more confirmation.
A trader can use this indicator for trading through the following steps (Of course, the trader is not restricted in these steps and can act according to its trading strategy):
1- Recognize the trend direction by seeing the H/L or zigzag color.
2- Identify the unmitigated IDM, which is marked by "X". When the inducement hit, the level is marked by "IDM", and a major H/L is confirmed.
3- Identify an order block to trade on it. We recommend users to add "OrderBlock_TradingHub " indicator to identify valid order blocks easily according to this technical method.
4- Go to the lower timeframe to find a trigger.
Indicator Options:
1) Set the starting point based on a certain number of candles or a major swing.
2) Show/Hide Pullbacks zigzag
3) Show/Hide Inducements (IDM)
4) Show/Hide Change of Characters (CHoCHs)
5) Show/Hide Break of Structures (BOS)
6) Draw up/down Trend
7) Draw H/L Points (by major Zigzag or Bullets)
8) Set CHoCH/BOS min pipettes for confirmation
9) Change the color and style of elements on the chart
版本注释
The smart money concept suggests that institutional traders have a greater understanding of the market and often have access to more information than retail traders. Therefore, by analyzing market structure, retail traders can align themselves with the actions of smart money and potentially profit from their moves.This indicator considerably simplifies the process of identification of market structure for traders based on the TradingHUB-3 technical method. Therefore, it is quite different from the existing market structure or trend detection tools, even the other smart-money-based indicators.
How it works:
The indicator starts candlestick analysis from the given start point detecting followings items.
1) Identify valid pullbacks (minor Zigzag):
Uptrend: In the upward trend, each candle that hits a higher high (HH), acts as our checking candle, and if the next candle hits its low, a valid pullback is formed, and we marked the checking candle as the end of a minor leg. Note that we do not take inside bars into account. If the highest point of the leg hit, the lowest point is marked as the end of pullback leg. On the other hand, if the lowest point of the upward leg is hit, the pullback checking procedure is restarted as a downtrend. Note that the downward checking is restarted from the highest point (previous checking candle).
Downtrend: The pullback detection for downtrend follows the reverse procedure of uptrend.
2) Identify inducements (IDM)
The last pullback point (on the minor zigzag) considers as the inducement level. In the uptrend, if the price hit the IDM, the highest point on the major leg is accepted as a major higher high. Note, if the IDM point is equal to a major HL and hit by price, the highest point is accepted as a new HH and the previous HH and LL are deleted (i.e. the HH is transferred).
In the downtrend, it acts conversely.
3) Identify valid break of structures (BOS)
In the uptrend, if the price closed above the highest point between the previous accepted HH to the current candle, a BOS is accrued, and the lowest point in this time interval is accepted as a higher low (HL). In the downtrend, it acts contrariwise.
4) Identify valid change of characters (Choch)
In the uptrend, if the price closed below the lowest point between the previous accepted HL to the current candle, a Choch is accrued, and the major trend changes from uptrend to downtrend, and a new reverse IDM will be detected. In the downtrend, it acts inversely.
5) Identify major HH/HL/LL/LH points
By following the above steps, the major higher highs, higher lows, lower highs, and lower lows, as well as the major trend are detected. The major high and lows on the major trend can be displayed by zigzag style or bullet points with corresponding up/down color.
How to use it:
This indicator works in any chart timeframe, and it does not need much tunning for use. Although, two parameters can be modified:
1- Starting Point:
Mode 1: Go back a certain number of candles in the past to find the starting point.
Mode 2: Use the last major swing that is higher/lower point between X candles right and left.
2- Choch/BOS min ticks' confirmation: The user can set an extra pipettes value that price should close higher/lower than the major H/L for more confirmation.
A trader can use this indicator for trading through the following steps (Of course, the trader is not restricted in these steps and can act according to its trading strategy):
1- Recognize the trend direction by seeing the H/L or zigzag color.
2- Identify the unmitigated IDM, which is marked by "X". When the inducement hit, the level is marked by "IDM", and a major H/L is confirmed.
3- Identify an order block to trade on it. We recommend users to add "OrderBlock_TradingHub " indicator to identify valid order blocks easily according to this technical method.
4- Go to the lower timeframe to find a trigger.
Indicator Options:
1) Set the starting point based on a certain number of candles or a major swing.
2) Show/Hide Pullbacks zigzag
3) Show/Hide Inducements (IDM)
4) Show/Hide Change of Characters (CHoCHs)
5) Show/Hide Break of Structures (BOS)
6) Draw up/down Trend
7) Draw H/L Points (by major Zigzag or Bullets)
8) Set CHoCH/BOS min pipettes for confirmation
9) Change the color and style of elements on the chart
版本注释
1- A new option is added to for one-candle pullbacks. To avoid pullbacks occurring in one candle, it checks that the candle's high and low are both above/below the previous candle.2- Some pullback detection are revised to avoid fake IDMs.
版本注释
A Telegram Bot is mentioned for getting access to the indicator.仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系MoKeNaKa。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
*********** Get access:
https://t.me/MokeNaKa_bot
*********** Contact us:
mokenaka.invest@gmail.com
提醒：在请求访问权限之前，请阅读仅限邀请脚本指南。
Mokenaka.invest@gmail.com
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系MoKeNaKa。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
*********** Get access:
https://t.me/MokeNaKa_bot
*********** Contact us:
mokenaka.invest@gmail.com
提醒：在请求访问权限之前，请阅读仅限邀请脚本指南。
Mokenaka.invest@gmail.com
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。