CISD MTF (5m + 15m)
CISD MTF is a multi-timeframe Change in State of Delivery (CISD) indicator designed to display the active 5-minute and 15-minute CISD reference levels directly on a lower-timeframe chart.
The indicator focuses on a simple question:
What level does price need to close through before the current delivery state can be considered changed?
Unlike a simple candle-color or crossover signal, the indicator maintains the current delivery state until the relevant CISD level is actually confirmed. An opposite-colored candle, wick through the level, or temporary swing by itself does not automatically change the displayed direction.
Key features:
- Displays 5m and 15m CISD levels on lower-timeframe charts
- Tracks only the currently relevant CISD direction for each timeframe
- Uses confirmed higher-timeframe candle closes, not intrabar price
- A wick through a CISD level does not confirm a state change
- Bull CISD remains active during bearish delivery until price confirms above it
- Bear CISD remains active during bullish delivery until price confirms below it
- Automatically replaces the previous CISD reference when the delivery state changes
- Right-edge labels make the active levels easy to identify
- Includes alerts when active CISD references change
How I use it
I use CISD as confirmation/context rather than a standalone entry signal.
For example, during bearish delivery, the Bull CISD shows the level price would need to reclaim on a confirmed close before I consider evidence of a bullish character change. Likewise, during bullish delivery, the Bear CISD marks the level price would need to close below before bearish delivery is confirmed.
I typically combine CISD with market structure, EMA structure, liquidity, displacement, and pullback locations rather than entering immediately when a CISD occurs.
Important: This indicator is intended as a market-structure visualization and research tool. It does not provide financial advice or guarantee that a trend reversal or continuation will occur.
The indicator focuses on a simple question:
What level does price need to close through before the current delivery state can be considered changed?
- A Bull CISD is the reference level price must close above to confirm a bullish change in delivery.
- A Bear CISD is the reference level price must close below to confirm a bearish change in delivery.
Unlike a simple candle-color or crossover signal, the indicator maintains the current delivery state until the relevant CISD level is actually confirmed. An opposite-colored candle, wick through the level, or temporary swing by itself does not automatically change the displayed direction.
Key features:
- Displays 5m and 15m CISD levels on lower-timeframe charts
- Tracks only the currently relevant CISD direction for each timeframe
- Uses confirmed higher-timeframe candle closes, not intrabar price
- A wick through a CISD level does not confirm a state change
- Bull CISD remains active during bearish delivery until price confirms above it
- Bear CISD remains active during bullish delivery until price confirms below it
- Automatically replaces the previous CISD reference when the delivery state changes
- Right-edge labels make the active levels easy to identify
- Includes alerts when active CISD references change
How I use it
I use CISD as confirmation/context rather than a standalone entry signal.
For example, during bearish delivery, the Bull CISD shows the level price would need to reclaim on a confirmed close before I consider evidence of a bullish character change. Likewise, during bullish delivery, the Bear CISD marks the level price would need to close below before bearish delivery is confirmed.
I typically combine CISD with market structure, EMA structure, liquidity, displacement, and pullback locations rather than entering immediately when a CISD occurs.
Important: This indicator is intended as a market-structure visualization and research tool. It does not provide financial advice or guarantee that a trend reversal or continuation will occur.
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.