OPEN-SOURCE SCRIPT
Smart money concept
Actualizado
The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
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UpdateNotas de prensa
Update settingNotas de prensa
Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.Notas de prensa
Bug fixesNotas de prensa
Add the "imbalance zone," which is depicted as a blue box.Notas de prensa
Fixed bugs and added color options for ImbalanceNotas de prensa
Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or LowNotas de prensa
Add a red line to indicate it is a CHOCH signal and notify the CHOCH signalNotas de prensa
Add the Orders block shown by the green boxNotas de prensa
Updated top and bottom creation rulesNotas de prensa
Fixed code error in determining bos pointsNotas de prensa
Fixed error in determining top and bottom creation positionsNotas de prensa
Fix error in determining top and bottomNotas de prensa
Update CHoCH points (Change of Character)Notas de prensa
Fix the error of getting CHOCH position when there is a sweepNotas de prensa
Fix bugNotas de prensa
Update BOS position when candle wick breaks throughNotas de prensa
Fixed breakout position when there is sweep and BOS signalNotas de prensa
Update wave structure.ignore inside candles when confirming tops and bottoms
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Update structureNotas de prensa
fix Update wave structureNotas de prensa
update wave structureNotas de prensa
Update wave structureNotas de prensa
fix structure definition errorNotas de prensa
Fix bugNotas de prensa
Fix bugNotas de prensa
Hide test labelNotas de prensa
Updated colors for inside candles and outside barsScript de código abierto
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