Hi, This is what I am looking for
1. Indicator should be able to highlight volume bars that are higher than usual volume. I believe this is the correct script. There is an indicator called "Super Order Block" by Makuchaku that does this. The indicator should highlight the bars themselves by changing the color of the bar that has the higher than average volume
volEma = [login to view URL](volume, hvbEMAPeriod)
isHighVolume = volume > (hvbMultiplier * volEma)
barcolor(plotHVB and isUp(0) and isHighVolume ? hvbBullColor : na, title="Bullish HVB")
barcolor(plotHVB and isDown(0) and isHighVolume ? hvbBearColor : na, title="Bearish HVB")
2. Indicator should be able to plot breaks of structure (when price breaks above a previous high, or previous low). This line should extend out from the previous high/low through the candle that breaks above or below it
3. Indicator should be able to highlight imbalances in price where a candle moved higher or lower, leaving a gap between the wicks of the candle before and after. For example, if one candles low wick was at 10, the next candle was large, and the following candles top of wick was at 5, it should highlight the gap between 10-5 with a box or shadow that extends to the right. color and length of box should be editable. We'll call this displacement
Looking to have the indicator always show the high volume candles and breaks of structure, but only show the imbalances if 1. an old high or low was traded above and price changed direction, 2. there was a displacement candle that also had higher than average volume, and the break of structure intersects that displacement candle.
Should be able to adjust how many imbalances there are visible back in time.
Imbalances should not be labeled, just shown as block
Breaks of structure should be labeled BoS
Volume candles no label, just color change
Sweep of old low or high before displacement not shown on indicator
I understand that the indicator I mentioned in this request has a long of these features, but I would like to make my own that only highlights the high volume displacement and retracement back into that candle later. I would also like to be able to set alerts for high volume on a displacement, and also a second alert when price retraces back into it. The retracement would be a buy signal. I would also like to turn this into a strategy so that I can back test and possible automate trading with a bot. Please let me know if any or all parts of this request are available. Thank you in advance