Price Action Concept

Price Action Concept

 Key Features

1. Advanced Market Structure (BOS & CHoCH)

• Dual Structure Analysis: Automatically identifies both  Internal Structure (short-term) and  Swing Structure (major trends).

• BOS & CHoCH: Clearly marks  Break of Structure (BOS) and  Change of Character (CHoCH) with distinct styles.

• Visual Perfection:

  • Internal: Dotted lines for minor structure.

  • Swing: Solid lines for major structure.

  • No Overlap: Fixed logic prevents lines from overlapping or piercing through candles.

2. Smart Fair Value Gaps (FVG)

• Auto Detection: Instantly spots Bullish and Bearish Imbalance/FVG zones.

• Smart Mitigation: The FVG box automatically  cuts off (stops extending) as soon as price touches/mitigates it. This prevents the chart from being covered in infinite bars.

• Clutter Control: Automatically hides old or filled gaps, showing only the most relevant active zones (Limit set to 3-5 by default).

3. Trend Tracer & Signals

• Dynamic Trend Line: A volatility-based trend line (ATR & Bollinger logic) that adapts to market speed.

• Color-Coded Trend: The line turns  Lime during uptrends and  Red during downtrends.

• Arrows: Provides clear arrow signals when the trend direction changes, offering potential entry or exit points.

4. Intelligent Candle Coloring

• Colors the candle bodies based on the current trend context.

• Bullish Trend: Lime Green.

• Bearish Trend: Red.

• No Gray Overlay: Neutral candles remain in their original chart color (transparent/default), ensuring no visual distraction during consolidation.

• Customizable Source: You can choose to color candles based on either  Internal Structure or  Swing Structure from the settings.

5. Institutional Levels (PDH/PDL)

• Automatically plots  Previous Day High (PDH) and  Previous Day Low (PDL), which act as critical liquidity pools and support/resistance levels for intraday traders.

 Input Parameters

• INTERNAL STRUCTURE: Enable/Disable, Adjust Lookback Period (Sensitivity), Colors.

• SWING (EXTERNAL) STRUCTURE: Enable/Disable, Adjust Lookback Period (Default: 50), Colors.

• FAIR VALUE GAPS (FVG): Toggle On/Off, Limit visible FVGs, Toggle Fill/Outline, Colors.

• DAILY LEVELS: Toggle PDH/PDL lines.

• TREND TRASER: Adjust Trend Length, Deviation, and ATR Period for signal sensitivity.

• CANDLE COLOR SETTINGS: Toggle coloring on/off, select calculation source (Internal vs. Swing).