OPEN-SOURCE SCRIPT
GFG Institutional Pressure Candle Overlay by Agaam
GFG Institutional Pressure Candle Overlay by Agaam
This indicator is designed to help identify potential institutional-style buying pressure, selling pressure, and absorption directly on the chart.
The script analyzes each candle using multiple pressure factors, including candle body strength, close location, relative volume, ATR range expansion, VWAP position, and wick rejection. It then assigns a simple 0–10 pressure score and displays clean BUY or SELL labels when pressure conditions are detected.
Main Features:
* BUY and SELL pressure labels with 0–10 scoring
* Candle coloring based on detected pressure
* VWAP control filter
* Relative volume pressure filter
* ATR expansion filter
* Wick-based absorption detection
* Optional labels for all signals or strong signals only
* Status table showing pressure score, volume ratio, range/ATR, body %, close location, and VWAP position
* Alerts for buy pressure, sell pressure, and strong pressure conditions
How It Works:
Bullish pressure is detected when candles show strong body structure, close near the high, volume support, ATR expansion, and VWAP control.
Bearish pressure is detected when candles show strong downside structure, close near the low, volume support, ATR expansion, and VWAP control.
Absorption logic looks for high-volume candles with smaller bodies and larger wicks, which may suggest that one side is absorbing orders near a key level.
Suggested Use:
This indicator works best as a confirmation tool together with market structure, VWAP, supply/demand zones, support/resistance, and multi-timeframe analysis.
Example:
* Demand zone + BUY score = stronger bullish confirmation
* Supply zone + SELL score = stronger bearish confirmation
* High score near liquidity sweep = possible institutional reaction area
This indicator does not predict the future and does not confirm real institutional orders. It is an analytical tool that estimates pressure using price action, volume, volatility, VWAP, and candle behavior.
Disclaimer:
This script is for educational and informational purposes only. It is not financial advice. Trading involves risk, and you are responsible for your own trading decisions. Always use proper risk management.
This indicator is designed to help identify potential institutional-style buying pressure, selling pressure, and absorption directly on the chart.
The script analyzes each candle using multiple pressure factors, including candle body strength, close location, relative volume, ATR range expansion, VWAP position, and wick rejection. It then assigns a simple 0–10 pressure score and displays clean BUY or SELL labels when pressure conditions are detected.
Main Features:
* BUY and SELL pressure labels with 0–10 scoring
* Candle coloring based on detected pressure
* VWAP control filter
* Relative volume pressure filter
* ATR expansion filter
* Wick-based absorption detection
* Optional labels for all signals or strong signals only
* Status table showing pressure score, volume ratio, range/ATR, body %, close location, and VWAP position
* Alerts for buy pressure, sell pressure, and strong pressure conditions
How It Works:
Bullish pressure is detected when candles show strong body structure, close near the high, volume support, ATR expansion, and VWAP control.
Bearish pressure is detected when candles show strong downside structure, close near the low, volume support, ATR expansion, and VWAP control.
Absorption logic looks for high-volume candles with smaller bodies and larger wicks, which may suggest that one side is absorbing orders near a key level.
Suggested Use:
This indicator works best as a confirmation tool together with market structure, VWAP, supply/demand zones, support/resistance, and multi-timeframe analysis.
Example:
* Demand zone + BUY score = stronger bullish confirmation
* Supply zone + SELL score = stronger bearish confirmation
* High score near liquidity sweep = possible institutional reaction area
This indicator does not predict the future and does not confirm real institutional orders. It is an analytical tool that estimates pressure using price action, volume, volatility, VWAP, and candle behavior.
Disclaimer:
This script is for educational and informational purposes only. It is not financial advice. Trading involves risk, and you are responsible for your own trading decisions. Always use proper risk management.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.