Price Action Concepts Open Source 🎴 - TradingView Indicator Documentation

Overview

Price Action Concepts Open Source 🎴 is a comprehensive TradingView indicator designed to identify key market structure elements, liquidity zones, and price action patterns. It combines multiple concepts from institutional trading strategies, including Break of Structure (BOS), Change of Character (CHoCH), Order Blocks, and Fair Value Gaps. This open-source tool is ideal for traders analyzing forex, crypto, and equities markets.

Example: Market structure with BOS/CHoCH signals and liquidity zones

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Key Features

1. Market Structure Analysis

   • Swing Structure (BOS/CHoCH)
   • Internal Market Structure
   • Strong/Weak High/Low Points

2. Liquidity Concepts

   • Liquidity Sweeps Detection
   • Trendline Liquidity Zones

3. Order Block Analysis

   • Volumetric Order Blocks (Multi-Timeframe)
   • Order Block Mitigation Detection

4. Advanced Tools

   • Fair Value Gaps (FVG)
   • Equal Highs/Lows
   • Premium/Discount Zones

5. Multi-Timeframe Analysis

   • Built-in Structure Scanner
   • 3 Customizable Timeframe Inputs

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Installation

1. Copy Code:
   Save the provided Pine Script code as Price_Action_Concepts_Open_Source.tv

2. Add to TradingView:
   Open TradingView → Pine Editor → Paste Code → Add to Chart

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Configuration Guide

1. Core Settings

Parameter	Description	Options/Values
Market Concepts Mode	Display historical or current structure	Historical/Present
Color Candles	Color-code candles based on trend	On/Off
Style	Visual theme	Colored/Monochrome

2. Market Structure

Internal Structure

input bool   SHOW_INTERNAL = true
input string STRUCTURE_TYPE = "All"  // [BOS, CHoCH]
input color  BULL_COLOR    = #089981
input color  BEAR_COLOR    = #f23645

Swing Structure

input int    SWING_LENGTH  = 50
input string SWING_STYLE   = "Dashed"

3. Liquidity Analysis

// Liquidity Sweeps
input bool   LIQUIDITY_SWEEPS  = true
input int    SWEEP_LENGTH      = 3
input color  BULLISH_SWEEP_COL = #0044ff
input color  BEARISH_SWEEP_COL = #ff2b00

// Trendline Liquidity
input bool   AUTO_TRENDLINES   = true
input int    TRENDLINE_SENS    = 3

4. Order Blocks

input int    ZONE_COUNT        = 5
input string MITIGATION_METHOD = "Wick"  // [Wick, Close]
input color  BULL_OB_COLOR     = #22a08a
input color  BEAR_OB_COLOR     = #f23847

5. Advanced Features

// Fair Value Gaps
input bool   SHOW_FVG         = true
input string FVG_TIMEFRAME    = "Current"

// Equal Highs/Lows
input bool   SHOW_EQHL        = false
input int    EQHL_CONFIRM_BARS= 3

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Alert Conditions

Alert Type	Trigger Condition	Use Case
Bullish BOS	Price breaks swing high with momentum	Trend confirmation
Bearish CHoCH	Failed break of structure	Potential reversal
Liquidity Sweep	Wick exceeds recent swing	Stop hunt detection
Order Block Break	Price closes beyond OB boundary	Institutional level break

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Best Practices

1. Multi-Timeframe Confirmation
   Use the built-in scanner with:

   input.timeframe SCANNER_TF = "D"
   

2. Order Block Trading

   • Look for OB coinciding with premium/discount zones
   • Combine with FVG for high-probability entries

3. Structure Analysis

   graph LR
   A[Internal BOS] --> B[Swing CHoCH]
   B --> C[New Trend Confirmation]
   

   Loading

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Open Source Notes

License: MIT License
Contribution:

git clone https://github.com/KanekiCraynet/Price-Action-Concepts.git

Dependencies:

• TradingView v5.0+
• No external libraries required

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Disclaimer

This indicator is provided "as-is" for educational purposes only. Trading involves substantial risk - always test strategies in a demo account first. The developers assume no liability for financial losses incurred using this tool.