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.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.