Fair Value Gap: Spotting Institutional Footprints The Concept: Highlights 3-candle patterns where the market moves so fast it leaves an “Imbalance” or gap that needs to be filled later. Strategic Advantage: Price acts like a magnet to these gaps. They often serve as perfect entry zones for a “Retest” after a breakout. The Survival Rule: […]
Pivot Points: The Floor Trader’s Secret The Concept: Calculates static support and resistance levels (R1, R2, S1, S2) based on the previous period’s open, high, low, and close. Strategic Advantage: These levels are used by floor traders and institutional algorithms, making them “Self-Fulfilling Prophecies.” The Survival Rule: If the price opens above the Daily Pivot,
Auto Fib: Identifying the Golden Ratio The Concept: Automatically plots Fibonacci levels (0.382, 0.5, 0.618, etc.) based on the most recent significant swing highs and swing lows. Strategic Advantage: It highlights the “Golden Pocket” (0.618) where many institutional traders look for reversals. The Survival Rule: Never trade a Fib level blindly. Always wait for a
S/R Levels with Breaks: Automated Market Structure The Concept: A sophisticated script that identifies and draws historical support and resistance zones while highlighting when a “Breakout” or “Retest” occurs. Strategic Advantage: It removes the human error and bias of drawing lines manually, giving you objective levels where the price is likely to react. The Survival
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