cd_full_poi_Cx

Apr 16

Overview
This indicator tracks the price in 16 different time frames (optional) in order to answer the question of where the current price has reacted or will react.
It appears on the chart and in the report table when the price approaches or touches the fvg or mitigations (order block / supply-demand), the rules of which will be explained below.
In summary, it follows the fvg and mitigations in the higher timeframe than the lower timeframe.
Many traders see fvg or mitigates as an point of interest and see the high, low swept in those zones as a trading opportunity. Key levels, Session high/lows and Equal high and lows also point of interest.
If we summarise the description of the point of interest;
1- Fair value gaps (FVG) (16 time frames)
2- Mitigation zones (16 time frames)
3- Previous week, day, H4, H1 high and low levels
4- Sessions zones (Asia, London and New York)
5- Equal high and low levels are in indicator display.

Details:

1- Fair Value Gaps : It is simply described as a price gap and consists of a series of 3 candles. The reaction of the price to the gap between the 1st and 3rd candle wicks is observed.
The indicator offers 3 options for marking. These are :
1-1- ‘Colours are unimportant’: candle colours are not considered for marking. Fvg formation is sufficient.(Classical)
1-2- ‘First candle opposite colour’ : when a price gap occurs, the first candle of a series of 3 candles must be opposite.
For bullish fvg : bearish - bullish - free
For Bearish fvg : bullish - bearish - free
1-3- ‘All same colour’ : all candles in a series of 3 candles must be the same direction.
For bullish fvg: bullish - bullish - bullish
For bearish fvg : bearish - bearish – bearish
Examples:


2- Mitigation zones: Opposite candles with a fvg in front of them or candles higher/lower than the previous and next candle and with the same colour as the fvg series are marked.
Examples:

3- Previous week, day, H4, H1 high and low levels

4- Sessions regions (Asia, London and New York)

5- Equal high and low levels:

Annotation: Many traders want to see a liquidity grab on the poi, then try to enter the trade with the appropriate method.
Among the indicators, there is also the indication of grabs/swepts that occur at swing points. It is also indicated when the area previously marked as equal high/low is violated (grab).


At the end, sample setups will be shown to give an idea about the use of the indicator.

Settings:

- The options to be displayed from the menu are selected by ticking.

- 1m, 2m, 3m, 5m, 5m, 10m, 15m, 30m, h1, h4, h4, h6, h8, h12, daily, weekly, monthly and quarterly, 16 time zones in total can be displayed.

- The ‘Collapse when the price touches mitigate’ tab controls whether to collapse the box as the price moves into the inner region of the mitigate. If not selected, the size of the mitigate does not change.

- ‘Approach limit =(ATR / n)’ tab controls how close the price is to the fvg or mitigate. Instant ATR(10) value is calculated by dividing by the entered ‘n’ value.

- All boxes and lines are automatically removed from the screen when the beyond is closed.

- Colour selections, table, text features are controlled from the menu.

- Sessions hours are set as standard hours, the user can select special time zones. Timezone is set to GMT-4.

- On the candle when the price touches fvg or mitigate, the timeframe information of the POI is shown in the report table together with the graphical representation.


The benefits and differences :

1- We can evaluate the factors we use for setup together.
2- We are aware of what awaits us in the high time frame in the following candles.
3- It offers the user the opportunity to be selective with different candle selection options in fvg selection.
4- Mitige areas are actually unmitige areas because they have a price gap in front of them. The market likes to retest these areas.
5- Equal high/low zones are the levels that the price creates to accumulate liquidity or fails to go beyond (especially during high volume hours). Failure or crossing of the level may give a reversal or continuation prediction.
Sample setup 1:

Sample setup 2:

Sample setup 3:


Cheerful trades…
Enjoy…

Apr 20

Release Notes

New Features:
1- Mitigation zones and Fair Value Gaps alerts
2- Key Levels alerts
3- Session Levels alerts
4- Sessions high/low lines
5- Key Level timeframe and color (optional)
6- Equbilirium level line (optional )

You can find how to use the alerts in the attached chart.



Cheerful trades...