Compression Force

    SETTING MANUAL

1/ What is the Compression Force indicator? 

Introduction:

The Compression Force indicator is a cutting-edge tool designed to help traders identify market compression zones where price consolidation occurs before a breakout or reversal. By analyzing volatility and price action, Compression Force highlights when the market is about to shift, providing early signals for breakout and reversal trading opportunities. This indicator is versatile and works across any market instrument and timeframe, from intraday scalping to swing trading.

Benefits:

• Volatility Compression Identification: Detects market periods of low volatility where price consolidation is occurring, signaling potential breakout or trend reversal setups.
• Breakout & Reversal Confirmation: Highlights when price is poised to exit consolidation zones, providing precise entry signals for trend continuation or reversal trades.

• Proactive Signal Generation: Identifies compression patterns in advance of price action, offering predictive insight to capitalize on imminent market shifts.

  
  

2/ Indicator Setting - Compression Force

• Bullish Signal Arrows Color:

  Choose the color of the arrows that indicate a bullish signal

• Bearish Signal Arrows Color:

  Choose the color for arrows that indicate a bearish signal

• Signal Arrows Size:

  Adjust the size of the arrows shown on the chart for the signals. Larger arrows are more visible, while smaller ones are less intrusive.

Alert Settings

• Alert Mode:

  Choose how you want alerts to be triggered. Options typically include conditions like crossing a specific level or an event 

• Alert Message Title:

  Customize the message title that will appear in the alert notification 

• Alert Sound:

  Select the sound you wish to hear when an alert is triggered. Choose from TradingView’s default sounds or upload your own.

• Alert Period for SL Shift:

  Defines the time period used to adjust the stop-loss level dynamically, based on changes in market volatility.

• SL Shift Coefficient (from ATR):

  Multiplier used to calculate the distance of the stop loss relative to the ATR value. This ensures the stop loss adapts to current volatility levels.

• TP Coefficient (from SL):

  Defines how far the take profit level should be placed in relation to the stop loss. This is typically a multiple of the stop loss.

Chart Display Settings

• Show TP/SL:

  Toggle to display the suggested Take Profit and Stop Loss levels directly on your chart. 

• TP Color / SL Color:

  Set the color for the Take Profit and Stop Loss lines on the chart. Customize to match your preferred chart theme or visibility preferences.

• Label Font Family:

  Choose the font family used for displaying text labels on the chart, such as bullish/bearish signals or SL/TP labels.

• Label Font Size:

  Adjust the size of the labels used for showing text. Larger sizes improve visibility but might clutter the chart.

Text Settings

• Bullish Signal Text:

  Customize the text that appears for bullish signals 

• Bearish Signal Text:

  Customize the text that appears for bearish signals

• Allow Draw SL and TP Labels:

  Enable or disable the ability to draw labels for Stop Loss and Take Profit levels directly on the chart.

• How can I set up alerts?

To stay updated on potential trading opportunities, you can set up alerts within the Compression Force

Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.

Step 3: Select Compression Force from the “Condition” dropdown list:

Step 4: Select “Any alert() function call”, then Click on “Notifications”.

Step 5: You choose the types of notifications you'd like to receive and click the “Create” button.