BTM - Price Action Toolkit
BTM - Price Action Toolkit
A clean, beginner-friendly price action indicator that shows you three things at a glance: which way the trend is going, where the key buy and sell zones are, and when a strong candle forms at one of those zones.
WHAT IT SHOWS
1. Trend structure
• Swing points are labelled HH (higher high), HL (higher low), LH (lower high) and LL (lower low).
• When price closes beyond the last swing high or low, a line is drawn and tagged:
– "Break" (solid line): the current trend is continuing.
– "Reversal" (dashed line): price has broken against the trend, so the trend has flipped.
2. Buy and sell zones
• When the trend breaks, the indicator marks the candle that started the move:
– Green "Buy zone" below price after a bullish break.
– Red "Sell zone" above price after a bearish break.
• Only the most recent zones are kept, overlapping zones are skipped, and a zone is removed automatically once price closes through it, so the chart stays clean.
3. Setups
• A "Bull setup" or "Bear setup" label appears only when all three line up:
– The trend is in that direction.
– Price is trading inside a matching zone.
– A strong reversal candle (engulfing or pin bar) closes there.
• A cooldown stops repeated labels in the same area.
4. Info panel
• Shows the current trend and what to look for ("Buys at green zones" / "Sells at red zones" / "Wait for a break").
• Choose from 9 positions and 4 sizes in the settings.
HOW TO USE IT
1. Check the panel for the trend direction.
2. Wait for price to pull back into a zone on that side.
3. Treat a setup label as a cue to look closer, not an automatic entry. Confirm with your own rules and place your stop beyond the zone.
SETTINGS
• Sensitivity: High (more swings and signals), Medium, or Low (only major swings). Medium or Low works best on 1–5 minute charts.
• Toggle trend lines, swing labels, zones, setups and the panel on or off.
• Line thickness, panel position, panel size and colours are all adjustable.
ALERTS
Bull setup, Bear setup, Trend reversal up, Trend reversal down.
NOTES
• Swing points are confirmed after a set number of bars (based on Sensitivity), so labels appear slightly after the actual high or low. This prevents repainting.
• Setup labels only print on closed candles.
• Works on any market and timeframe.
This indicator is a visual aid for studying price action and is not financial advice. No indicator can predict price; always use proper risk management.
A clean, beginner-friendly price action indicator that shows you three things at a glance: which way the trend is going, where the key buy and sell zones are, and when a strong candle forms at one of those zones.
WHAT IT SHOWS
1. Trend structure
• Swing points are labelled HH (higher high), HL (higher low), LH (lower high) and LL (lower low).
• When price closes beyond the last swing high or low, a line is drawn and tagged:
– "Break" (solid line): the current trend is continuing.
– "Reversal" (dashed line): price has broken against the trend, so the trend has flipped.
2. Buy and sell zones
• When the trend breaks, the indicator marks the candle that started the move:
– Green "Buy zone" below price after a bullish break.
– Red "Sell zone" above price after a bearish break.
• Only the most recent zones are kept, overlapping zones are skipped, and a zone is removed automatically once price closes through it, so the chart stays clean.
3. Setups
• A "Bull setup" or "Bear setup" label appears only when all three line up:
– The trend is in that direction.
– Price is trading inside a matching zone.
– A strong reversal candle (engulfing or pin bar) closes there.
• A cooldown stops repeated labels in the same area.
4. Info panel
• Shows the current trend and what to look for ("Buys at green zones" / "Sells at red zones" / "Wait for a break").
• Choose from 9 positions and 4 sizes in the settings.
HOW TO USE IT
1. Check the panel for the trend direction.
2. Wait for price to pull back into a zone on that side.
3. Treat a setup label as a cue to look closer, not an automatic entry. Confirm with your own rules and place your stop beyond the zone.
SETTINGS
• Sensitivity: High (more swings and signals), Medium, or Low (only major swings). Medium or Low works best on 1–5 minute charts.
• Toggle trend lines, swing labels, zones, setups and the panel on or off.
• Line thickness, panel position, panel size and colours are all adjustable.
ALERTS
Bull setup, Bear setup, Trend reversal up, Trend reversal down.
NOTES
• Swing points are confirmed after a set number of bars (based on Sensitivity), so labels appear slightly after the actual high or low. This prevents repainting.
• Setup labels only print on closed candles.
• Works on any market and timeframe.
This indicator is a visual aid for studying price action and is not financial advice. No indicator can predict price; always use proper risk management.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.