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Clean Institutional Levels (ITH/ITL Mitigation)
The Clean Institutional Levels indicator is designed for traders who utilize "Intermediate Term Highs" (ITH) and "Intermediate Term Lows" (ITL) to identify key liquidity levels and market structure shifts. Unlike traditional pivot indicators that clutter the chart with boxes or static zones, this script provides a dynamic, real-time tracking system.
It projects a precise horizontal line from the moment a structural pivot is confirmed and extends that line indefinitely until it is mitigated (touched) by price action.
How it Works
The indicator identifies Intermediate pivots using a three-point peak/trough logic:
ITH (Intermediate Term High): A pivot high that is flanked by two lower pivot highs.
ITL (Intermediate Term Low): A pivot low that is flanked by two higher pivot lows.
Once an ITH or ITL is identified, the script draws a thin, professional level from the pivot point to the current bar. The "Mitigation Engine" monitors every price tick; as soon as price crosses the level, the line is "frozen" at that exact bar, providing a clear historical record of where liquidity was swept or the level was tested.
Key Features
Real-Time Extension: Lines automatically stretch to the right as new candles form until they are hit.
Automatic Truncation: Lines stop precisely at the candle of mitigation, showing you exactly when a level became "invalid" or was run.
Customizable Strength: Adjust the "Pivot Strength" (Left/Right bars) to filter between minor structural points and major institutional swings.
Clean Settings UI: No redundant options. Control line colors, widths, and label visibility with ease.
How to Use :
Liquidity Targets: Use unmitigated lines as "magnets" for price.
Market Structure: Watch for the mitigation of an ITH as a potential sign of bullish intent, or an ITL for bearish intent.
Entry Refinement: Use these levels to find precise "Fair Value" areas where price is likely to react after a sweep.
It projects a precise horizontal line from the moment a structural pivot is confirmed and extends that line indefinitely until it is mitigated (touched) by price action.
How it Works
The indicator identifies Intermediate pivots using a three-point peak/trough logic:
ITH (Intermediate Term High): A pivot high that is flanked by two lower pivot highs.
ITL (Intermediate Term Low): A pivot low that is flanked by two higher pivot lows.
Once an ITH or ITL is identified, the script draws a thin, professional level from the pivot point to the current bar. The "Mitigation Engine" monitors every price tick; as soon as price crosses the level, the line is "frozen" at that exact bar, providing a clear historical record of where liquidity was swept or the level was tested.
Key Features
Real-Time Extension: Lines automatically stretch to the right as new candles form until they are hit.
Automatic Truncation: Lines stop precisely at the candle of mitigation, showing you exactly when a level became "invalid" or was run.
Customizable Strength: Adjust the "Pivot Strength" (Left/Right bars) to filter between minor structural points and major institutional swings.
Clean Settings UI: No redundant options. Control line colors, widths, and label visibility with ease.
How to Use :
Liquidity Targets: Use unmitigated lines as "magnets" for price.
Market Structure: Watch for the mitigation of an ITH as a potential sign of bullish intent, or an ITL for bearish intent.
Entry Refinement: Use these levels to find precise "Fair Value" areas where price is likely to react after a sweep.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.