Candle DNA Strand█ CANDLE DNA STRAND
A unique lower-panel indicator that visualizes candle structure as a stylized double-helix pattern. One strand represents body dominance (open-close range) while the other represents wick proportion (shadow-to-body ratio). The strands twist around a center axis with color encoding for bullish/bearish bias, revealing candle character patterns over time in an intuitive DNA-inspired format.
█ CONCEPT
Traditional candlestick analysis focuses on individual candle patterns. The Candle DNA Strand takes a different approach by decomposing every candle into two core metrics and plotting them as intertwined waves:
• Body Strand — Measures how much of each candle is "body" (the filled portion between open and close). High body ratios indicate conviction and directional commitment.
• Wick Strand — Measures how much of each candle is "shadow" (upper and lower wicks combined). High wick ratios indicate rejection, indecision, or failed attempts at direction.
These two strands are phase-offset by 180° to create the classic double-helix DNA appearance. As you scroll through the chart, you can visually identify periods of conviction (body-dominant) versus indecision (wick-dominant), and how candle character evolves over time.
█ HOW IT WORKS
The indicator calculates two normalized ratios for each candle:
Body Ratio = |Close - Open| / (High - Low)
Wick Ratio = (Upper Wick + Lower Wick) / (High - Low)
These ratios are smoothed and then modulated onto sine waves that twist around a center axis at the 50 level. The amplitude of each strand reflects the strength of that metric — larger bodies push the body strand further from center, and larger wicks push the wick strand further out.
The strands are color-coded by the current candle's bias:
• Bullish candles (close ≥ open) → Neon green tones
• Bearish candles (close < open) → Neon red tones
█ TRADE ZONES
The indicator includes an optional Trade Zone detection system based on candle character analysis:
◉ LONG ZONE (Green Background)
Triggers when:
• Average body ratio exceeds the Body Dominance Threshold (default 65%)
• Bullish momentum score > 40% (more bulls than bears in lookback period)
• Average wick ratio below the Wick Rejection Threshold (default 55%)
This identifies periods where price is moving up with conviction — strong bullish bodies with minimal rejection wicks.
◉ SHORT ZONE (Red Background)
Triggers when:
• Average body ratio exceeds the Body Dominance Threshold
• Bearish momentum score > 40% (more bears than bulls in lookback period)
• Average wick ratio below the Wick Rejection Threshold
This identifies periods where price is moving down with conviction — strong bearish bodies with minimal rejection wicks.
◉ CHOP/INDECISION
When the average wick ratio exceeds 60%, the market is showing high rejection and indecision. The DNA strands will show wick dominance during these periods.
Triangle markers appear at zone entry points:
• ▲ Green triangle below the helix = Long zone entry
• ▼ Red triangle above the helix = Short zone entry
█ VISUAL ELEMENTS
DNA Strands
Two intertwined lines representing body and wick ratios, twisting around the center axis with a configurable wavelength.
Base Pair Connectors
Vertical lines connecting the two strands at regular intervals, mimicking the "rungs" of a DNA ladder. These help visualize the spread between body and wick metrics.
Nucleotide Nodes
Small circular markers along each strand showing individual data points.
Fill Zone
Subtle gradient fill between the strands for visual depth. The fill color matches whichever strand is currently on top.
Info Label
Displays current values at the right edge of the chart:
• Current bias (BULL/BEAR)
• Body and Wick percentages
• Active trade zone (if any)
█ PATTERN DETECTION
The indicator automatically detects significant candle patterns based on DNA metrics:
DOJI — Body ratio < 15%
Very small body relative to total range. Indicates indecision.
MARUBOZU — Body ratio > 85%
Almost no wicks. Strong conviction candle with price closing near the high (bullish) or low (bearish).
HAMMER — Wick ratio > 60% with lower wick > 2× upper wick
Long lower shadow showing rejection of lower prices.
SHOOTING STAR — Wick ratio > 60% with upper wick > 2× lower wick
Long upper shadow showing rejection of higher prices.
█ SETTINGS
DNA Helix Settings
• Helix Wavelength — Number of bars for one complete DNA twist cycle (default: 20)
• Helix Amplitude — Vertical spread of the strands from center (default: 35)
• Show Base Pair Connectors — Toggle the connecting rungs (default: On)
• Connector Frequency — Draw a connector every N bars (default: 2)
• Data Smoothing — SMA length for smoothing ratios (default: 3)
• Strand Thickness — Line width for the DNA strands (default: 2)
Trade Zone Settings
• Show Trade Zones — Toggle background highlighting and entry signals (default: On)
• Zone Lookback — Bars to analyze for zone detection (default: 5)
• Body Dominance Threshold — Minimum avg body ratio for zone trigger (default: 0.65)
• Wick Rejection Threshold — Maximum avg wick ratio for zone trigger (default: 0.55)
Fluorescent Colors
• Bullish colors — Neon green and electric green variants
• Bearish colors — Neon red and hot pink variants
• Axis, connector, and zone colors are all customizable
Visual Settings
• Show Nucleotide Nodes — Toggle the small circles on strands (default: On)
• Show Info Labels — Toggle the right-side information label (default: On)
• Show DNA Analysis Table — Toggle detailed analysis table (default: Off)
█ ALERTS
Four alert conditions are available:
1. Long Zone Entry
"Entered LONG zone - strong bullish momentum with conviction candles"
2. Short Zone Entry
"Entered SHORT zone - strong bearish momentum with conviction candles"
3. Doji Pattern
"Doji detected - indecision"
4. Marubozu Pattern
"Marubozu detected - strong conviction"
█ INTERPRETATION GUIDE
Reading the DNA:
When body strand dominates (further from center):
• Market is moving with conviction
• Candles have strong bodies, minimal wicks
• Trend is likely to continue
When wick strand dominates (further from center):
• Market is showing rejection/indecision
• Candles have long shadows relative to bodies
• Potential reversal or consolidation
Strand crossovers:
• When strands cross, character is shifting
• Body crossing above wick → increasing conviction
• Wick crossing above body → increasing indecision
Color consistency:
• Long stretches of green → sustained bullish pressure
• Long stretches of red → sustained bearish pressure
• Alternating colors → choppy, mixed market
█ BEST PRACTICES
1. Use with price context — The DNA strand shows candle character, not direction. Combine with price action on the main chart.
2. Adjust wavelength to timeframe — Shorter wavelengths (10-15) for scalping, longer wavelengths (25-40) for swing trading.
3. Trade zones are filters, not signals — Use zone entries as confirmation for your existing strategy, not as standalone signals.
4. Watch for character shifts — When the dominant strand changes, market behavior is changing. This often precedes reversals.
5. Multiple timeframe analysis — Check DNA character on higher timeframes to understand the broader context.
█ CREDITS
Developed by Hash Capital Research
Pine Script™ v6
This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately. Indicator
Indicator
Indicator
Fractal Structure Model [Pro]Fractal Structure Model
A professional-grade multi-timeframe price action indicator that automates the identification of expansion setups by analyzing lower timeframe movements within higher timeframe candle structures.
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🔷 What This Indicator Does
Markets move in fractal cycles — alternating between contraction (consolidation) and expansion (directional movement). This indicator detects the precise moment when expansion is likely to begin by combining:
Higher Timeframe directional candle closures
Lower Timeframe confirmation through Change in State of Delivery (CISD)
Automated projection of future price targets
Real-time setup tracking with success/failure detection
⚙️ Core Components
1. Automatic Timeframe Pairing
The indicator intelligently pairs your chart timeframe with a higher timeframe for multi-timeframe analysis:
1min → 5min
3min → 15min
5min → 1Hour
15min → 4Hour
1Hour → Daily
4Hour → Weekly
Manual override is available for custom pairings. The indicator validates pairings and displays warnings for invalid configurations.
2. HTF Power of Three (PO3) Candles
Visualizes the higher timeframe candle directly on your lower timeframe chart:
Translucent body box (open to close range)
Wick lines extending to high and low
Dashed open price reference line
Timeframe badge label
This allows you to observe how micro price action constructs the macro candle — identifying accumulation, manipulation, and distribution phases in real time.
3. Change in State of Delivery (CISD)
The CISD is the confirmation signal that price has shifted from one directional bias to another.
Bullish CISD Logic:
text
- Price was making lows (testing swing low area)
- A candle closes above its open AND above the previous candle's high
- This signals sellers have exhausted and buyers are taking control
Bearish CISD Logic:
text
- Price was making highs (testing swing high area)
- A candle closes below its open AND below the previous candle's low
- This signals buyers have exhausted and sellers are taking control
Visual: A highlighted box around the CISD candles with a directional label.
Use Case: After the 1-Hour candle closes bullish, you watch the 5-minute chart for a bullish CISD near a swing low. When it triggers, it confirms that the new hour is likely to continue expanding upward.
4. Setup Detection
A complete setup requires two conditions:
Condition Description
HTF Directional Close The previous HTF candle closed bullish or bearish
LTF CISD Confirmation A change in delivery state occurs on the lower timeframe
When both align, the indicator generates a setup signal with a bold vertical bar and a large directional label.
Use Case: The previous 4-Hour candle closed strongly bearish. On your 15-minute chart, you see price briefly push up into a swing high, then a bearish CISD fires. The indicator marks this as a Bear Setup, telling you expansion to the downside is probable.
5. Candle Tracking (C1 through C4+)
Once a setup triggers, the indicator tracks how many HTF candles have elapsed:
Label Meaning Color
C1 ✓ First candle — setup just formed Gray
C2 ✓ Second candle — setup active and healthy Gray
C3 ⚠ Third candle — potential slowdown/consolidation Orange
C4 ⚠ Fourth candle — likely exhaustion Orange
Any ✗ Price returned to setup origin — failure Red
Failure Condition:
Bullish setup fails if price drops below the setup low
Bearish setup fails if price rises above the setup high
Use Case: You entered a bullish trade on C1. By C2, price has expanded nicely. On C3, the label turns orange — you consider tightening your stop or taking partial profits because momentum may be fading. If it turns red, you know the setup has been invalidated.
6. Equilibrium + Premium/Discount Zones
The Equilibrium (EQ) is the 50% level of the setup range (from setup high to setup low).
Zone Location Meaning
Premium Above EQ Price is expensive — favorable for shorts
Discount Below EQ Price is cheap — favorable for longs
Visual: Two shaded boxes with text labels ("PREMIUM" / "DISCOUNT") and a dashed EQ line.
Use Case: After a bullish setup fires, price retraces. You see it enter the discount zone (below 50%). This is your optimal entry area — buying at a discount within a confirmed bullish structure.
7. T-Spot Identification
The T-Spot marks where the higher timeframe candle's wick is anticipated to form — essentially a reversal or continuation point.
Calculation: 23.6% from the setup extreme (based on Fibonacci-like proportioning of the range).
Visual: A dotted line with a thin zone box and "T-SPOT" label.
Use Case: In a bullish setup, the T-Spot sits near the top of the range. If price reaches this level and shows signs of rejection, it may indicate the HTF candle's high wick is forming — a potential point to take profits or expect a pullback.
8. Projection Levels
Once a setup is confirmed, the indicator projects future price targets based on the range between the CISD price and the swing reference point.
Default Projections:
Level Calculation Purpose
-1× 1× the CISD range First target — minimal expansion
-2× 2× the CISD range Standard expansion target
-2.5× 2.5× the CISD range Extended target
-4× 4× the CISD range Full expansion
-4.5× 4.5× the CISD range Maximum expected expansion
Each projection has:
A solid line at the level
A thin zone box for visibility
A multiplier label (e.g., "-2×")
Progressive transparency (closer targets are more opaque)
Use Case: A bearish setup fires. You set your take-profit at the -2× projection. If price reaches -2× and shows exhaustion, you exit. If momentum continues, you trail toward -4×.
9. Formation Liquidity
Marks the previous HTF candle's high and low as critical liquidity levels.
Visual: Dotted horizontal lines labeled "LIQ $.H" (high) and "LIQ $.L" (low).
Use Case: Before a new setup forms, price often sweeps the previous candle's high or low to grab liquidity. Watching these levels helps you anticipate:
Where stop losses are clustered
Where engineered liquidity raids may occur
Potential reversal points after the sweep
10. Candle 1 Liquidity
Solid horizontal lines marking the setup's own high and low — the structural boundaries.
Use Case: These are your invalidation levels. If a bullish setup's low is broken, the setup fails. These lines give you a clear visual reference for stop-loss placement.
11. Swing Structure Markers
Small diamond symbols (◆) at detected swing highs and lows.
Use Case: Helps you see the market's structural rhythm — where swing points form relative to the HTF candle. Useful for identifying when price is building higher lows (bullish) or lower highs (bearish).
12. Bias Selection
Mode What It Shows
Bullish Only bullish CISD signals and setups
Bearish Only bearish CISD signals and setups
Neutral Both directions
Use Case: You've done your daily analysis and determined the market is in a bullish trend. You set bias to "Bullish" to filter out counter-trend bearish signals and focus exclusively on buy setups.
13. Time Filters
Three configurable UTC time windows. Setups outside these windows are ignored.
Example Configuration:
Session 1: 08:00 - 11:00 (London Open)
Session 2: 13:00 - 16:00 (New York Open)
Session 3: OFF
Use Case: You only want to trade during London and New York sessions because that's when the most volume and expansion occurs. The indicator automatically suppresses signals during Asia session or off-hours.
14. Professional Info Table
A dark-themed dashboard showing:
Field Example Value
Pairing 5 → 60
Status ✓ Valid
Bias ▲ Bullish
Setup ▲ Bull C2
Auto TF ● Enabled
Sessions 8:00-11:00 13:00-16:00
Total 12 setups
15. Alerts
Alert Trigger
Bullish Fractal Setup Full bullish setup confirmed
Bearish Fractal Setup Full bearish setup confirmed
Bullish CISD Bullish delivery change detected
Bearish CISD Bearish delivery change detected
Setup Failed Active setup invalidated
Trading Workflow — Complete Use Case
Scenario: Trading EUR/USD on the 5-Minute Chart
Step 1 — Preparation
- Open 5min chart
- Indicator auto-pairs to 1H HTF
- Set bias to "Neutral"
- Enable London + NY time filters
Step 2 — Wait for HTF Context
- Watch the PO3 candle building the current hour
- Previous 1H candle closed bullish
- Current hour opens → you watch for a pullback
Step 3 — CISD Confirmation
- Price pulls back to a 5min swing low
- A 5min candle closes above its open and above the prior high
- CISD marker appears → Bullish Setup triggers
- Labels, projections, EQ zones all appear automatically
Step 4 — Entry
- Price is in the DISCOUNT zone (below EQ)
- Enter long near the CISD level
- Stop loss below the C1 Liquidity low line
Step 5 — Management
- C1 label shows ✓ — setup is fresh
- Price reaches -1× projection → move stop to breakeven
- C2 label appears ✓ — momentum continues
- Price hits -2× projection → take 50% profit
- C3 label turns orange ⚠ — trail stop tightly
- Price reaches -2.5× → close remaining position
Step 6 — Failure Scenario
- If price drops below setup low before hitting targets
- C2 label turns red ✗
- Projections, EQ, T-Spot all disappear
- You exit the trade at your stop loss
Who Is This Indicator For?
Trader Type How They Use It
Day Traders 1min/5min charts paired with 15min/1H for intraday setups
Swing Traders 15min/1H charts paired with 4H/Daily for multi-day holds
Scalpers 1min charts paired with 5min for quick expansion trades
Analysts Use projections and structure labels for market commentary
Key Strengths
Non-repainting — levels remain stable once plotted
Fully automated — no manual drawing required
Multi-asset — works on forex, crypto, stocks, indices, commodities
Adaptive — auto-adjusts to any timeframe
Professional visuals — clean, institutional-grade appearance with black text on colored labels for maximum readability
Indicator
Indicator
Mouchli Zone Projection ToolZone Projection Tool
The Problem: Manually drawing zones is tedious. You have to identify the consolidation, measure the distance, find the 50% line, and then manually clone/stack boxes up and down the chart. If you switch assets or timeframes, you have to do it all over again.
The Solution: This custom Pine Script automates the entire mathematical process. You simply define your two "Anchor Zones" (current support and resistance), and the script instantly builds the entire grid for you—perfectly spaced and optimized.
Key Features:
⚡ Automated Stacking: Input your bottom zone and top zone. The script calculates the exact center, determines the "grid step," and automatically projects zones UP and DOWN the chart.
📊 Multi-Asset Manager: Save your levels for up to 5 different assets (e.g., QQQ, ES, NVDA, SPY, BTC) in one single indicator. The script is smart—it automatically detects which chart you are looking at and loads the correct levels instantly.
🗓️ Daily & Weekly Overlays: Input both Daily Zones (Purple) and Weekly Zones (Orange) for the same asset. You can view them simultaneously to see where short-term and long-term structures overlap.
🎛️ Toggle Controls: Includes "Show/Hide" checkboxes for every zone set. Want to focus only on the Daily levels? Uncheck the Weekly box, and they disappear instantly without deleting your data.
📍 The "Halfway" Line: Automatically calculates and draws the dashed 50% transition line between every zone, identifying the "no-man's-land" where price often pivots.
How it works:
Add the indicator to your chart.
Open the Settings (gear icon).
Select your Ticker (e.g., Asset 1 = QQQ).
Enter your "Anchor" prices for Zone 1 (Support) and Zone 2 (Resistance).
Set your Projection UP and Projection DOWN counts to determine how far the grid extends.
The script will automatically draw the 50% lines and project the zones for you.
Indicator
Visual Trading ZonesVisual Trading Zones is a chart-based indicator designed to display clear and structured price zones using evenly spaced levels.
The indicator automatically builds horizontal zones across the visible price range and helps traders visually identify potential areas of interest such as support, resistance, and reaction zones.
Key Features
Displays horizontal price zones with a fixed step
Optional main levels and sub-levels inside each zone
Clean and minimal visual presentation
Works on any market and timeframe
Fully customizable colors, line styles, and zone transparency
No signals, no alerts — purely visual analysis tool
How It Works
Price zones are constructed using a user-defined step size.
Each zone is visually highlighted, allowing traders to quickly see how price interacts with these areas over time.
The indicator does not repaint and does not generate trading signals.
It is intended to be used as a visual framework alongside any trading strategy.
Recommended Use
Identifying potential support and resistance zones
Market structure and range analysis
Confluence with price action, indicators, or volume tools
⚙️ Settings Overview
Step — distance between price zones
Step Unit — ticks or pips (for FX instruments)
SubLevels — number of internal levels within each zone
Show Zones / Lines / Prices — visual display options
Range Bars — number of bars used to build zones
Style Settings — colors, line styles, transparency Indicator
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Support & Resistance Automated📌 Support and Resistance Automated (Pivot-Based)
Support and Resistance Automated is a lightweight and fully automated indicator that plots key support and resistance levels using pivot highs and pivot lows. It helps traders quickly identify important price reaction zones without manual drawing.
This indicator is especially useful for price-action traders, swing traders, and intraday traders who rely on clean charts and objective levels.
🔍 How It Works
Pivot Highs → Resistance Levels
Pivot Lows → Support Levels
Each detected pivot creates a horizontal dotted line that extends forward, allowing you to observe how price reacts over time.
Once a level is formed, it is kept permanently on the chart — no repainting, no disappearing levels.
⚙️ Customizable Settings
You can easily adjust:
Left & Right Pivot Bars – control how strong a pivot must be
Line Extension Length
Line Width
Support & Resistance Colors
Show / Hide Pivot Highs and Pivot Lows independently
This flexibility allows the indicator to adapt to intraday, swing, or higher-timeframe analysis.
✅ Key Features
✔ Fully automatic support & resistance detection
✔ Based on proven pivot-point logic
✔ No repainting
✔ Clean, minimal chart appearance
✔ Unlimited support & resistance levels
✔ Works on all timeframes & instruments
📈 Best Use Cases
Identifying key demand and supply zones
Planning entries, targets, and stop-losses
Confluence with price action, RSI, moving averages
Breakout and rejection-based strategies Indicator
Indicator
WYCKOFF_SHARED_LIBLibrary "WYCKOFF_SHARED_LIB"
EPS()
nz0(x)
Parameters:
x (float)
safe_div(num, den)
Parameters:
num (float)
den (float)
safe_div_eps(num, den)
Parameters:
num (float)
den (float)
safe_ratio(a, b)
Parameters:
a (float)
b (float)
clamp(x, lo, hi)
Parameters:
x (float)
lo (float)
hi (float)
wave_dir(startPx, endPx)
Parameters:
startPx (float)
endPx (float)
wave_amp(startPx, endPx)
Parameters:
startPx (float)
endPx (float)
wave_amp_atr(amp, atr)
Parameters:
amp (float)
atr (float)
wave_speed(ampATR, lenBars)
Parameters:
ampATR (float)
lenBars (int)
wave_eff(amp, path)
Parameters:
amp (float)
path (float)
build_wave_metrics(dir, lenBars, startPx, endPx, ampATR, speed, eff, volRel, epr)
Parameters:
dir (int)
lenBars (int)
startPx (float)
endPx (float)
ampATR (float)
speed (float)
eff (float)
volRel (float)
epr (float)
compare_waves(w0, w1)
Parameters:
w0 (WaveMetrics)
w1 (WaveMetrics)
strengthening_same_dir(c)
Parameters:
c (WaveCompare)
weakening_same_dir(c)
Parameters:
c (WaveCompare)
evr_by_waves(volSum0, ampATR0, volSum1, ampATR1)
Parameters:
volSum0 (float)
ampATR0 (float)
volSum1 (float)
ampATR1 (float)
WaveMetrics
Fields:
dir (series int)
lenBars (series int)
startPx (series float)
endPx (series float)
amp (series float)
ampATR (series float)
speed (series float)
eff (series float)
volRel (series float)
effortPerResult (series float)
WaveCompare
Fields:
amp_ratio (series float)
speed_ratio (series float)
eff_ratio (series float)
volRel_ratio (series float)
epr_ratio (series float)
EVR
Fields:
state (series int) Library
Broadening Formation Structure Review ToolThis script provides an educational, checklist-based framework for studying Broadening Formations together with basic Strat-style reversal behavior and higher-timeframe direction. It is designed to show multiple structural conditions in one place so users can observe how they interact. It does not execute trades, generate signals, or provide financial advice.
What makes this script original is the integration of four components into a single logical framework:
• dynamic tracking of Broadening Formation high/low levels
• proximity evaluation relative to those levels
• classification of simple bar reversal behavior
• higher-timeframe open–close continuity checks
Instead of using these concepts as separate tools, the script combines them into a single checklist so users can see when multiple conditions occur at the same time.
Broadening Formation levels may be user-defined or automatically derived using:
• unlimited dynamic expansion
• range-limited dynamic expansion
• swing-pivot detection
• manual input mode
Users may also optionally lock levels once a structure is identified.
Proximity to BF levels can be measured in several ways, including percentage, ticks, points, dollars, ATR multiples, or expected-move multiples. The script can also detect when price takes out BF highs or lows.
The script classifies basic Strat-style price behavior, including:
• two-up / two-down moves
• outside bars
• failed 2U/2D reversals
• 2D→2U and 2U→2D reversals
A selectable higher timeframe (such as 60, 240, D, W, or M) is used to evaluate direction by comparing the higher-timeframe open and close.
The on-chart table summarizes:
• current BF High and BF Low levels
• proximity status relative to those levels
• whether BF highs or lows have been taken out
• reversal classification results
• higher-timeframe direction
• theoretical risk distance and 2R/3R projections
Optional alerts can notify when three-condition or four-condition checklist alignment occurs, based only on the logical rules visible in the script. Optional chart lines for BF levels may also be displayed.
Transparency and behavior notes
• swing pivots repaint until confirmed
• higher-timeframe direction is only final at bar close
• dynamically derived BF levels may update as price forms new extremes
This script is intended purely for market-structure study and education. It does not guarantee performance, predict outcomes, or recommend trades. Indicator
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Market Efficiency Ratio [Interakktive]The Market Efficiency Ratio decomposes price movement into two components: net progress vs wasted movement. This tool exposes the underlying math that most traders never see, helping you understand when price is moving efficiently versus chopping sideways.
Unlike simple trend indicators, this shows you WHY price movement matters — not just whether it's up or down, but how much of that movement was useful directional progress versus noisy oscillation.
█ WHAT IT DOES
• Calculates Efficiency Ratio (0–1 or 0–100) measuring directional progress
• Exposes Net Displacement (how far price actually moved)
• Exposes Path Length (total distance price traveled)
• Calculates Chop Cost (wasted movement)
• Visual zones for high/mid/low efficiency states
█ WHAT IT DOES NOT DO
• NO signals, NO entries/exits, NO buy/sell
• NO performance claims
• NO predictions — purely diagnostic
• This is a tool for understanding price behavior
█ HOW IT WORKS
The efficiency ratio answers one question: "Of all the movement price made, how much was useful progress?"
🔹 THE MATH
Over a lookback period of N bars:
Net Displacement = |Close - Close |
Path Length = Σ |Close - Close | for all bars
Efficiency Ratio = Net Displacement / Path Length
🔹 INTERPRETATION
• Efficiency = 1.0 (100%): Price moved in a straight line — every tick was progress
• Efficiency = 0.5 (50%): Half the movement was wasted in back-and-forth chop
• Efficiency = 0.0 (0%): Price ended exactly where it started — all movement was noise
🔹 CHOP COST
This is the "wasted movement" — how much price traveled without making progress:
Chop Cost = Path Length - Net Displacement
Chop % = Chop Cost / Path Length
High chop cost means lots of effort for little result — a warning sign for trend traders.
█ VISUAL GUIDE
Three efficiency zones:
• GREEN (≥70): High efficiency — strong directional movement
• YELLOW (30-70): Mixed efficiency — some progress, some chop
• RED (<30): Low efficiency — mostly noise, little progress
█ INPUTS
Lookback Length (default: 14)
Number of bars to calculate efficiency over. Higher values produce smoother readings but respond slower to changes.
Smoothing Length (default: 5)
EMA smoothing applied to the output. Reduces noise in the efficiency reading.
Apply Smoothing (default: true)
Toggle EMA smoothing on/off.
Scale Mode (default: 0–100)
Display as percentage (0-100) or decimal ratio (0-1).
Show Reference Bands (default: true)
Display the high/low efficiency threshold lines.
Low/High Efficiency Level (default: 30/70)
Thresholds for classifying efficiency zones.
Overlay Effect (default: None)
• None: No overlay
• Background Tint: Subtle chart background color in high/low zones
• Bar Highlight: Color bars during low efficiency periods
Show Data Window Values (default: true)
Export all raw values (Net Displacement, Path Length, Efficiency, Chop Cost, Chop %) to the data window for analysis.
█ USE CASES
This indicator helps traders understand:
• Why some trends are "clean" and others are "messy"
• When price is consolidating vs trending (without using volume)
• The relationship between movement and progress
• Why high-chop environments are difficult to trade
This is the foundational concept behind more advanced regime detection systems.
█ SUITABLE MARKETS
Works on: Stocks, Futures, Forex, Crypto
Timeframes: All timeframes
Note: This is a price-only indicator — no volume required
█ DISCLAIMER
This indicator is for informational and educational purposes only. It does not constitute financial advice. It does not generate trading signals. Past performance does not guarantee future results. Always conduct your own analysis.
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Liquidity ThermometerThis is a universal indicator that assesses market liquidity based on five key market parameters: volume, volatility, candlestick range, body size, and price momentum.
The indicator does not use open interest data and is suitable for all markets, including spot, futures, and Forex.
This indicator normalizes each metric historically and creates a composite index between 0 and 1, where higher values correspond to a stable and calm market environment, and lower values indicate periods of increased risk and potential liquidity stress.
LT generates an integral liquidity index in the range based on five normalized components:
-nVol — normalized volume, reflecting trading density and activity.
-nATR — the volatility component (ATR), inverted, as high volatility is typically associated with declining liquidity.
-nRange — the normalized candlestick range, also inverted to assess the structural narrowness of the price movement.
-nBody — the normalized candlestick body size (|close − open|), inverted to assess the balance of supply and demand.
-nMove — the normalized value of the price impulse movement (|Δclose|), reflecting short-term price spikes.
Each metric is linearly normalized over a sliding window (200 bars) using the formula:
norm(x) = (x − min) / (max − min),
where at max = min, the value is fixed at 0.5 to ensure stability.
The ALT index is calculated as a weighted combination:
ALT = 0.35 nVol + 0.20 (1 − nATR) + 0.20 (1 − nRange) + 0.15 (1 − nBody) + 0.10 (1 − nMove)
The result is further smoothed using EMA(3) to reduce micronoise.
Red Zone (MLI < 0.25) — Risk, Thin Liquidity
When the indicator falls into the red zone, it means the market is extremely volatile:
Characteristics:
Low volume — small trades have a strong impact on the price.
High volatility — candlesticks rise or fall sharply.
Wide candlestick range — the market is "breathing heavily," easily breaking price extremes.
Impulsive movements — small market shocks lead to sharp spikes.
Thin liquidity — few orders in the order book, large orders "eat up" the market.
What this means for a trader:
🔥 High risk of spikes and false breakouts.
⚠ Possible series of liquidations on leverage.
❌ It is not recommended to enter long or short positions without a filter or protection.
✅ Can be used for short scalping strategies if you know the entry point, but very carefully.
Green Zone (MLI > 0.75) — High Liquidity, Safe Zone
When the indicator rises into the green zone, it means the market is stable and balanced:
Characteristics:
High volume — the market is deep, orders are executed without a strong impact on the price.
Low volatility — candlesticks are stable, no sharp spikes.
Narrow candlestick range — price moves calmly.
Weak impulse movements — no sharp surges.
Sufficient liquidity — the market can handle large orders.
What this means for a trader:
✅ Safe zone for opening positions.
🔄 Easier to set stop-loss and take-profit orders.
💡 You can trade both up and down, the risk of sharp movements is minimal.
⚡ Under these conditions, there is a lower risk of spikes and accidental liquidations.
It does not predict price movements or guarantee results. It is an analytical tool intended for additional research into market structure.
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Trend Compass (Manual)## Trend Compass (Manual) - A Discretionary Trader's Dashboard
### Summary
Trend Compass is a simple yet powerful dashboard designed for discretionary traders who want a constant, visual reminder of their market analysis directly on their chart. Instead of relying on automated indicators, this tool gives you **full manual control** to define the market state across different timeframes or conditions.
It helps you stay aligned with your higher-level analysis (e.g., HTF bias, current market structure) and avoid making impulsive decisions that go against your plan.
### Key Features
- **Fully Manual Control:** You decide the trend. No lagging indicators, no confusing signals. Just your own analysis, displayed clearly.
- **Multiple Market States:** Define each row as an `Uptrend`, `Downtrend`, `Pullback`, or `Neutral` market.
- **Customizable Rows:** Display up to 8 rows. You can label each one however you like (e.g., "D1", "H4", "Market Structure", "Liquidity Bias").
- **Flexible Panel:** Change all colors, text sizes, and place the panel in any of the 9 positions on your chart.
- **Clean & Minimalist:** Designed to provide essential information at a glance without cluttering your chart.
### How to Use
1. **Add to Chart:** Add the indicator to your chart.
2. **Open Settings:** Go into the indicator settings.
3. **Configure Rows:**
- In the "Rows (Manual Control)" section, set the "Number of rows" you want to display.
- For each row, give it a custom **Label** (e.g., "m15").
- Select its current state from the dropdown menu (`Uptrend`, `Downtrend`, etc.).
- To remove a row, simply set its state to `Hidden`.
4. **Customize Style:**
- In the "Panel & Visual Style" section, adjust colors, text sizes, and the panel's position to match your chart's theme.
This tool is perfect for price action traders, ICT/SMC traders, or anyone who values a clean chart and a disciplined approach to their analysis. Indicator
