Statistical Mapping
Statistical Mapping
Price Action
Price Action
Statistical Mapping
Settings
Jan 20, 2025
Edited:
Jan 27, 2025
Timeframe Selection
Users can select from various preset timeframes, such as 15 minutes, 1 hour, 4 hours, 12 hours, and 1 day, or open the dropdown menu to define a custom timeframe. For detailed instructions, refer to this guide on custom time intervals. Each timeframe can be displayed either on the chart, as a table, or both. Checkboxes enable or disable specific timeframes based on the user’s preference.
Style Settings
All Lines and Labels can be enabled/disabled and the thickness, color, and style of each line can be customized. Users can configure label sizes and choose between displaying Shortform or Longform options for better understanding. Additionally, the table display allows customization for size (e.g., Small) and alignment (e.g., Bottom Center).
The Line Position setting offers three modes:
Full Session: Extends lines from the session's start to its end.
Current Bar: Extends lines only up to the current trading bar within the session.
Offset: Shifts lines to the right of the chart to avoid interfering with candles. You can further refine the position by specifying a custom numerical value for the line extension.
Tooltips provide additional guidance for each option to help users fine-tune the settings for their specific trading approach.
Timeframe Selection
Users can select from various preset timeframes, such as 15 minutes, 1 hour, 4 hours, 12 hours, and 1 day, or open the dropdown menu to define a custom timeframe. For detailed instructions, refer to this guide on custom time intervals. Each timeframe can be displayed either on the chart, as a table, or both. Checkboxes enable or disable specific timeframes based on the user’s preference.
Style Settings
All Lines and Labels can be enabled/disabled and the thickness, color, and style of each line can be customized. Users can configure label sizes and choose between displaying Shortform or Longform options for better understanding. Additionally, the table display allows customization for size (e.g., Small) and alignment (e.g., Bottom Center).
The Line Position setting offers three modes:
Full Session: Extends lines from the session's start to its end.
Current Bar: Extends lines only up to the current trading bar within the session.
Offset: Shifts lines to the right of the chart to avoid interfering with candles. You can further refine the position by specifying a custom numerical value for the line extension.
Tooltips provide additional guidance for each option to help users fine-tune the settings for their specific trading approach.
Calculation Settings
This section focuses on the core calculation parameters of the indicator:
Use New York Midnight Open: Enables daily calculations based on the New York midnight open price.
Calculation Lookback: Determines the period for historical data analysis. Options include Custom lookback with a numeric value (e.g., 60).
Calculation Method: Users can select between different using the Mean or Median, with calculations done in either Points or Percentage.
Custom Timezone: Allows users to set a custom timezone (e.g., GMT), which adjusts all calculations and displays accordingly.
Calculation Settings
This section focuses on the core calculation parameters of the indicator:
Use New York Midnight Open: Enables daily calculations based on the New York midnight open price.
Calculation Lookback: Determines the period for historical data analysis. Options include Custom lookback with a numeric value (e.g., 60).
Calculation Method: Users can select between different using the Mean or Median, with calculations done in either Points or Percentage.
Custom Timezone: Allows users to set a custom timezone (e.g., GMT), which adjusts all calculations and displays accordingly.
Liquidity Settings
This section handles the configuration of liquidity levels and historical session data:
Liquidity: Activates solid lines representing key liquidity pools. The line style (Solid, Dashed, or Dotted) and thickness can be customized.
Raid: Highlights liquidity raids with dotted lines. Thickness and color customization are available.
Timeframe: Determines whether liquidity and raid lines are plotted on the charts timeframe or a custom timeframe.
Threshold: Sets the sensitivity for liquidity detection, with adjustable values (e.g., 20).
Only Pre-Session Liquidity: A toggle option to only display liquidity pools established before session start.
Backtesting
Additionally, users can enable historical session data, specifying the number of sessions to display and whether to include labels for clarity.
Liquidity Settings
This section handles the configuration of liquidity levels and historical session data:
Liquidity: Activates solid lines representing key liquidity pools. The line style (Solid, Dashed, or Dotted) and thickness can be customized.
Raid: Highlights liquidity raids with dotted lines. Thickness and color customization are available.
Timeframe: Determines whether liquidity and raid lines are plotted on the charts timeframe or a custom timeframe.
Threshold: Sets the sensitivity for liquidity detection, with adjustable values (e.g., 20).
Only Pre-Session Liquidity: A toggle option to only display liquidity pools established before session start.
Backtesting
Additionally, users can enable historical session data, specifying the number of sessions to display and whether to include labels for clarity.