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Intrabar

Market Structure (Intrabar) [LuxAlgo]The Market Structure (Intrabar) indicator is designed to automatically detect and highlight real-time intrabar market structures, a core component of the Smart Money Concepts methodology. 🔶 USAGE The proposed indicator gives a detailed picture of the most recent candle lower timeframe trends, highlighting market structures within them. This can be particularly useful to assess the price dynamic within the most recent candle. For example, we can see how pronounced a trend is by the number of opposite bullish/bearish market structures formed within the candle. Users can select the intrabar timeframe of interest from the "Intrabar Timeframe" setting, using a timeframe significantly lower than the chart timeframe will return more intrabar candles and potentially more market structures. 🔹 Dashboard Users have access to a dashboard returning useful statistics such as the number of formed CHoCH's and BOS's from the intrabar prices. These can be indicative of how predominant a trend is within the intrabar data or if there exist multiple trends. 🔶 DETAILS Market structures allow determining trend continuations as well as trend reversals in the market through two distinct structures: 🔹 Change of Character (CHoCH) A change of character (CHoCH) refers to a shift in the market behavior of a security that is driven by changes in the underlying supply and demand dynamics. CHoCH's are indicative of confirmed reversals. 🔹 Break of Structure (BoS) The break of structure (BoS) refers to the point at which a key level of support or resistance is broken. BOS's are indicative of confirmed trend continuations. 🔶 SETTINGS 🔹Inside the Bar Market Structure Intrabar Timeframe: Lower timeframe setting option, if set to 'Auto' the script will determine the lower timeframe based on the chart timeframe. Intrabar Market Structure, Length: Toggles the visibility of the break of structures and change of characters. Length defines the detection length of the swing levels. Intrabar Swing Levels: Toggles the visibility of the swing levels, including a color customization option for highs and lows. Intrabar Statistics: Toggles the visibility of the dashboard. Some further statistical details are presented in the tooltips of the table cells 🔹 General Market Structure Colors: Color customization option for the break of structure and change of character lines and labels. Intrabar Candle Colors: Color customization option for intrabar candles. Intrabar Candles Horizontal Offset: Adjusting the intrabar candles horizontal position Dashboard: Dashboard position and size customization option 🔶 LIMITATIONS Please note that seconds-based intervals are available for premium and professional plan holders, which implies that the seconds-based intervals usage of the indicator may not be available for all users depending on their subscription plan. 🔶 RELATED SCRIPTS Smart-Money-Concepts ICT-Concepts
Pine Script™ indicator
by LuxAlgo
13
Intrabar Analyzer [Kioseff Trading]Hello! This indicator (Intrabar Analyzer) presents intrabar data in various derivative forms. On-Chart Features Traditional price data down to 1 min. Heikin-Ashi price data down to 1 min. Kagi price data down to 1 min. Point & Figure price data down to 1 min. Renko price data down to 1 min. Linebreak price data down to 1 min. LinReg channel SMA EMA ALMA Echomorphic Average (A @kaigouthro special!) HMA RMA WMA VWMA VWAP SWMA SAR Supertrend On-Chart Features Price x Volume graph Intrabar technical rating Positive volume index Negative volume index Price volume trend RSI %k ROC MFI MFC OBV CCI BBW CMO COG KCW MOM RANGE %r Let's look at the objects populated by the indicator! The image above shows what data correlates to the populated graphs! Let's dial in on the price x volume graph. The image above provides an example/explanation of the price x volume graph. All data is sourced from a lower timeframe (configurable - default = 1 minute). Colors are configurable; the plot characters are configurable. The numbers above show an alternative view of the price x volume graph! Price graph The price graph can populate 6 variations of price data: traditional, heikin-ashi, renko, point & figure, line break, and kagi. The subsequent images will show all available forms of price data, in addition to a randomly selected, on-chart technical indicator! Kagi + LinReg Traditional + EMA Renko + SAR Point & Figure + ALMA Heikin-Ashi + Supertrend Line Break + VWAP You can display up to three indicators concomitantly - all calculated using intrabar data! Lastly, the indicator displays the TradingView calculated technical rating for the intrabar. The technical ratings are multiplied by x100 and oriented left & right of the price box. Left values are negative; right values are positive. The "0" value is not shown; therefore, if the technical rating isn't highlighted then the rating is "0". The image above shows the technical rating system in action (: That's it! This was a fun project and I'm certainly willing to add more - let me know if there's anything you'd like included. Additionally, a future feature involves compatibility with any custom indicator! Stay tuned; thank you for checking this out (: Thank you to @kaigouthro, TradingView and @PineCoders for providing some cool libraries to play with!
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Pine Script™ indicator
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Volume Profile: Intra-bar VolumeThis indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there. Scope The indicator shall attempt to do the following: Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart. Create a function to loop through through candles and make an assessment. If the candle it closed up, the volume will be categorized as buying volume. Conversely, if it closed down, the volume will be categorized as selling volume The function will then be passed to the security() function to run on a lower timeframe. All buying volume and selling volume from the lower time-frame shall be summed and displayed on the main chart. Important Note This indicator will not give you genuine buying or selling volume. It simply follows the assumption that if price closed up, there must have been more buyers than sellers and if it closed down we assume the opposite. Usage In order to use this indicator, users will need to calculate how many lower time-frame bars are contained in the time-frame on the main chart. So for example, the default settings are configured for the indicator to be run on the 1H chart. As a result, we need to set the "Bars on Lower Timeframe" input to 12. This is because there are 12 x 5-minute bars in 60 minutes.
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