OPEN-SOURCE SCRIPT
GFG Institutional Pressure Candle Overlay by Agaam
GFG Institutional Pressure Candle Overlay by Agaam
This indicator is designed to help identify potential institutional-style buying pressure, selling pressure, and absorption directly on the chart.
The script analyzes each candle using multiple pressure factors, including candle body strength, close location, relative volume, ATR range expansion, VWAP position, and wick rejection. It then assigns a simple 0–10 pressure score and displays clean BUY or SELL labels when pressure conditions are detected.
Main Features:
* BUY and SELL pressure labels with 0–10 scoring
* Candle coloring based on detected pressure
* VWAP control filter
* Relative volume pressure filter
* ATR expansion filter
* Wick-based absorption detection
* Optional labels for all signals or strong signals only
* Status table showing pressure score, volume ratio, range/ATR, body %, close location, and VWAP position
* Alerts for buy pressure, sell pressure, and strong pressure conditions
How It Works:
Bullish pressure is detected when candles show strong body structure, close near the high, volume support, ATR expansion, and VWAP control.
Bearish pressure is detected when candles show strong downside structure, close near the low, volume support, ATR expansion, and VWAP control.
Absorption logic looks for high-volume candles with smaller bodies and larger wicks, which may suggest that one side is absorbing orders near a key level.
Suggested Use:
This indicator works best as a confirmation tool together with market structure, VWAP, supply/demand zones, support/resistance, and multi-timeframe analysis.
Example:
* Demand zone + BUY score = stronger bullish confirmation
* Supply zone + SELL score = stronger bearish confirmation
* High score near liquidity sweep = possible institutional reaction area
This indicator does not predict the future and does not confirm real institutional orders. It is an analytical tool that estimates pressure using price action, volume, volatility, VWAP, and candle behavior.
Disclaimer:
This script is for educational and informational purposes only. It is not financial advice. Trading involves risk, and you are responsible for your own trading decisions. Always use proper risk management.
This indicator is designed to help identify potential institutional-style buying pressure, selling pressure, and absorption directly on the chart.
The script analyzes each candle using multiple pressure factors, including candle body strength, close location, relative volume, ATR range expansion, VWAP position, and wick rejection. It then assigns a simple 0–10 pressure score and displays clean BUY or SELL labels when pressure conditions are detected.
Main Features:
* BUY and SELL pressure labels with 0–10 scoring
* Candle coloring based on detected pressure
* VWAP control filter
* Relative volume pressure filter
* ATR expansion filter
* Wick-based absorption detection
* Optional labels for all signals or strong signals only
* Status table showing pressure score, volume ratio, range/ATR, body %, close location, and VWAP position
* Alerts for buy pressure, sell pressure, and strong pressure conditions
How It Works:
Bullish pressure is detected when candles show strong body structure, close near the high, volume support, ATR expansion, and VWAP control.
Bearish pressure is detected when candles show strong downside structure, close near the low, volume support, ATR expansion, and VWAP control.
Absorption logic looks for high-volume candles with smaller bodies and larger wicks, which may suggest that one side is absorbing orders near a key level.
Suggested Use:
This indicator works best as a confirmation tool together with market structure, VWAP, supply/demand zones, support/resistance, and multi-timeframe analysis.
Example:
* Demand zone + BUY score = stronger bullish confirmation
* Supply zone + SELL score = stronger bearish confirmation
* High score near liquidity sweep = possible institutional reaction area
This indicator does not predict the future and does not confirm real institutional orders. It is an analytical tool that estimates pressure using price action, volume, volatility, VWAP, and candle behavior.
Disclaimer:
This script is for educational and informational purposes only. It is not financial advice. Trading involves risk, and you are responsible for your own trading decisions. Always use proper risk management.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。