AIO Indicator — How to use Lookback
I would like to explain in detail about function Lookback of my All In One Price Action Indicator (TradingView) & give an example of how I use it to trade.
It has two options: 4h lookback & daily lookback. You can choose to show both of them. The main function of this is to show the high/low/mid levels of the specific data ranges which the default values are:
20–40–60 days back from today for daily lookback. The default lines style is solid type.
30–60–90 bars back from the latest bar for 4h lookback. The default lines style is dash type.
The anchor bar for calculating the lookback can be chosen between the latest bar or
4h TF: the 1st day of the week.
Daily TF: the 1st day of the month
Of course, you can change the ranges to whatever values you like if you do not like my default ones. The lines can be extended to the right for better cast forward analysis.
Actually, I learned this idea from the ICT (The Inner Circle Trader). The original idea is the daily lookback only but I decided to add 4h lookback too for short-term trades. This indicator is very useful if you are a swing trader.
So how to use it to analyze?
Check 20–40–60 trading days
First, focus on the past 20 trading days. If the price has traded to for the 20 days lookback — move out to the 40 days then 60 days lookback.Identify Institutional Order Flow
Refer to recent Institutional Reference Points
1. Old Price High/Low
2. Rejection Blocks
3. Order Blocks
4. Fair Value Gap (Imbalance) or Liquidity Void
5. Mitigation BlocksDiscover a trade opportunity, based on the bullish or bearish stance or premise you are trading
1. If bullish, focus on the monthly/weekly/daily discount zone to frame a LONG entry.
2. If bearish, focus on the monthly/weekly/daily premium zone to frame a SHORT entry.
4h TF Analysis of the above chart image
Some other images of the indicator
Please read the full article about my AIO — All In One Price Action Indicator below for more information & other functions of my indicator.
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Nguyen Tran
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Nguyen Tran