OPEN-SOURCE SCRIPT
Magnet Map + Delta Concentration: Indices
Magnet Map: Index Edition (Institutional Flow)
Overview
The Magnet Map: Index Edition is an adjunct to my previous Magnet Map Indicators but with preset inputs geared for trading index options without manually adjusting the inputs for each chart with the previous version. This is a high-precision order flow tool specifically tuned for the high-liquidity environment of Major Indices and Futures. Unlike standard volume profiles that show all historical data, the Magnet Map uses a v6 Footprint Engine to identify Delta-Concentrated Magnets—price levels where institutional buyers or sellers have created significant imbalances.
Key Features:
Dynamic Session Lookback: Toggle between a fixed historical lookback or a Session-Only mode that automatically resets at the 9:30 AM open to focus only on today's intraday battle.
Institutional Delta Filtering: Optimized with a 1,000 Delta Threshold to filter out retail "noise" and only plot levels where true institutional conviction is present.
Index-Tuned Intervals: Defaulted to a 100-Tick Interval, grouping volume into meaningful $1.00 "Power Zones" (perfect for SPY and QQQ).
Real-Time POC Tracking: A dashed, high-visibility Point of Control (POC) that tracks the most aggressive institutional interest in the current candle.
Absorption Alerts: Built-in alerts for Bullish/Bearish Absorption, signaling when price is moving in one direction while the "Big Money" is aggressively buying or selling against that move.
How to Trade It:
The Springboard: When price is above the Blue VWAP and retraces to a Cyan (Bullish) Magnet, look for long entries as the "Magnet" acts as institutional support.
The Wall: When price is below VWAP and rallies into a Magenta (Bearish) Magnet, look for rejection/short opportunities as sellers defend their "Wall."
The Absorption Flip: Watch for Absorption alerts near Magnets; this often signals the end of a trend and a high-probability reversal.
Requirements: TradingView Premium or Ultimate (to access Footprint data).
Best For:
Assets: SPY, QQQ, /ES, /NQ, /YM.
Timeframes: 1m, 5m, 15m, and 30m.
Settings Recommendation for Indices:
Ticks Per Row: 100 (for $1.00 zones) or 200 (for $2.00 zones).
Delta Threshold: 1,000 – 2,500 (adjust based on daily volatility).
Lookback: Use Session-Only for day trading; use 750 Manual for swing levels.
---Note: Given the dynamic focus of this indicator, I have also created a backtracking Magnet Map that plots levels of significant buying/selling pressure that have been untouched. It can be found directly below:
Script by TylerisTrading
Overview
The Magnet Map: Index Edition is an adjunct to my previous Magnet Map Indicators but with preset inputs geared for trading index options without manually adjusting the inputs for each chart with the previous version. This is a high-precision order flow tool specifically tuned for the high-liquidity environment of Major Indices and Futures. Unlike standard volume profiles that show all historical data, the Magnet Map uses a v6 Footprint Engine to identify Delta-Concentrated Magnets—price levels where institutional buyers or sellers have created significant imbalances.
Key Features:
Dynamic Session Lookback: Toggle between a fixed historical lookback or a Session-Only mode that automatically resets at the 9:30 AM open to focus only on today's intraday battle.
Institutional Delta Filtering: Optimized with a 1,000 Delta Threshold to filter out retail "noise" and only plot levels where true institutional conviction is present.
Index-Tuned Intervals: Defaulted to a 100-Tick Interval, grouping volume into meaningful $1.00 "Power Zones" (perfect for SPY and QQQ).
Real-Time POC Tracking: A dashed, high-visibility Point of Control (POC) that tracks the most aggressive institutional interest in the current candle.
Absorption Alerts: Built-in alerts for Bullish/Bearish Absorption, signaling when price is moving in one direction while the "Big Money" is aggressively buying or selling against that move.
How to Trade It:
The Springboard: When price is above the Blue VWAP and retraces to a Cyan (Bullish) Magnet, look for long entries as the "Magnet" acts as institutional support.
The Wall: When price is below VWAP and rallies into a Magenta (Bearish) Magnet, look for rejection/short opportunities as sellers defend their "Wall."
The Absorption Flip: Watch for Absorption alerts near Magnets; this often signals the end of a trend and a high-probability reversal.
Requirements: TradingView Premium or Ultimate (to access Footprint data).
Best For:
Assets: SPY, QQQ, /ES, /NQ, /YM.
Timeframes: 1m, 5m, 15m, and 30m.
Settings Recommendation for Indices:
Ticks Per Row: 100 (for $1.00 zones) or 200 (for $2.00 zones).
Delta Threshold: 1,000 – 2,500 (adjust based on daily volatility).
Lookback: Use Session-Only for day trading; use 750 Manual for swing levels.
---Note: Given the dynamic focus of this indicator, I have also created a backtracking Magnet Map that plots levels of significant buying/selling pressure that have been untouched. It can be found directly below:
Script by TylerisTrading
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
// © TylerisTrading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
// © TylerisTrading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.