OPEN-SOURCE SCRIPT

ICT Balance Price Range [UAlgo]

The "ICT Balance Price Range [UAlgo]" indicator identifies and visualizes potential balance price ranges (BPRs) on a price chart. These ranges are indicative of periods where the market exhibits balance between bullish and bearish forces, often preceding significant price movements.

🔶 What is Balanced Price Range (BPR) ?

Balanced Price Range is a concept based on Fair Value Gap. Balanced price range (BPR) is the area on price chart where two opposite fair value gaps overlap.

快照

When price approaches the Balanced Price Range (BPR), we assume that the price will react quickly and strongly here. This is because its the combination of two fair value gaps and being a good point of interest for smart money traders.

🔶 Key Features:

Bars to Consider: Determines the number of bars to evaluate for BPR conditions.

Threshold for BPR: Sets the minimum range required for a valid BPR to be identified.

Remove Old BPR: Option to automatically remove invalidated BPRs from the chart.

Bearish/Bullish Box Color: Customizable colors for visual representation of bearish and bullish BPRs.

🔶 Disclaimer

This indicator is provided for educational and informational purposes only.

It should not be considered as financial advice or a recommendation to buy or sell any financial instrument.

The use of this indicator involves inherent risks, and users should employ their own judgment and conduct their own research before making any trading decisions. Past performance is not indicative of future results.

🔷 Related Scripts

Fair Value Gaps (FVG) [UAlgo]

https://www.tradingview.com/script/UVYMaH7Y-Fair-Value-Gaps-FVG-UAlgo/
Candlestick analysisChart patternsfairvaluegapictimbalancepriceactionsmartmoneyconcept

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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