INVITE-ONLY SCRIPT
Updated Innotrade MC Orderflow Signal
In today's volatile markets, relying on a single oscillator often leads to false signals and frustrating trades. The Innotrade MC Orderflow Signal indicator is designed to solve this problem by providing a robust, multi-layered framework for analyzing market momentum and identifying high-confluence trade setups.
Instead of just showing one metric, this tool synthesizes several distinct analytical concepts into a single, intuitive interface. The core of the indicator is a unique Multi-Composite (MC) Oscillator that is visualized as candles. This is then enhanced with confirmation layers, including a Price Trend Filter, a Money Flow Index (MFI), and a Volatility Band (VB) Channel, to ensure signals are contextually relevant and strong.
The Synergy of Components: Why This Combination?
The purpose of this "mashup" is not just to combine popular indicators, but to create a system where each component validates the others, filtering out noise and highlighting only the most probable signals.
1. The MC (Multi-Composite) Orderflow Oscillator:
The foundation is a weighted average of three powerful oscillators: the Detrended Oscillator (DCO), the Relative Strength Index (RSI), and the Stochastic RSI (StochRSI).
Why? Each oscillator has strengths and weaknesses. The RSI is excellent for momentum, the StochRSI for identifying cyclical turning points, and the DCO for highlighting price deviations from a trend. By blending them, we create a smoother, more reliable momentum reading that is less prone to the erratic signals of any single component. Visualizing this as candles (Open, High, Low, Close) makes momentum shifts instantly recognizable.
2. The Price Trend Filter:
This is perhaps the most critical confirmation layer. It checks if the price on your main chart is trading above or below key Moving Averages (e.g., 13/20 EMA).
Why? "The trend is your friend." A buy signal from an oscillator is significantly more reliable if the overarching price trend is also bullish. This filter forces you to align your entries with the dominant market direction, preventing counter-trend trades in strong-trending environments.
3. The Money Flow Index (MFI) & Volatility Band (VB) Channel:
These two layers provide vital context about volume and volatility.
MFI: Adds a volume-weighted dimension to the analysis. A momentum signal is much stronger when confirmed by a surge in buying or selling pressure (as shown by the MFI).
VB Channel: This RSI-based volatility channel helps identify when the market is in a "squeeze" (low volatility) or experiencing a "breakout" (high volatility). Signals are often more potent when they represent a breakout from a period of consolidation.
How to Use This Indicator: The Concept of Confluence
The real power of this indicator is in finding confluence—a scenario where multiple components agree on a market direction. Do not trade every "B" or "S" signal blindly. Instead, use them as a starting point and look for confirmation.
Example of a High-Probability LONG Signal:
A "B" (Buy) signal appears on the oscillator pane.
Check for Confluence:
Trend Filter: Is the price on your main chart trading above both the fast and slow MAs? (The ✅ Price Filter must be enabled).
Oscillator Momentum: Is the green oscillator candle closing above its own yellow moving average?
Volume Confirmation: Is the main oscillator value above the MFI line, suggesting momentum is outpacing raw money flow?
Volatility Context: Is the oscillator breaking above the lower or middle band, showing an expansion in momentum?
The more of these conditions that are met, the stronger the signal.
Example of a High-Probability SHORT Signal:
A "S" (Sell) signal appears on the oscillator pane.
Check for Confluence:
Trend Filter: Is the price on your main chart trading below both the fast and slow MAs?
Oscillator Momentum: Is the red oscillator candle closing below its own yellow moving average?
Volume Confirmation: Is the main oscillator value below the MFI line?
Volatility Context: Is the oscillator breaking below the upper or middle band?
Features at a Glance
Composite Oscillator Candles: An intuitive way to visualize complex momentum data.
Multi-Layered Signal Confirmation: Signals are validated against trend, volume, and volatility for higher accuracy.
Optional Price Trend Filter: A powerful feature to align your trades with the primary market trend.
Integrated MFI and Volatility Bands: Provides at-a-glance context without cluttering your chart with more indicators.
Multi-Timeframe (MTF) Cycle Dashboard: See the oscillator's status (Oversold, Neutral, Overbought) across multiple timeframes simultaneously to gauge the broader market sentiment.
Highly Customizable & Comprehensive Alerts: Create alerts for simple crossovers, confluent signals, MTF cycle alignments, and more, so you never miss a setup.
Summary
The Innotrade MC Orderflow Signal is more than just an indicator; it's a complete decision-support system. It was built to move beyond simplistic signals and provide a nuanced, context-aware view of the market. By requiring confluence between its components, it helps traders exercise discipline and patience, waiting for A+ setups where the trend, momentum, and volume align.
As with any tool, we recommend backtesting and using it in conjunction with your own trading strategy and risk management rules. Happy trading
Instead of just showing one metric, this tool synthesizes several distinct analytical concepts into a single, intuitive interface. The core of the indicator is a unique Multi-Composite (MC) Oscillator that is visualized as candles. This is then enhanced with confirmation layers, including a Price Trend Filter, a Money Flow Index (MFI), and a Volatility Band (VB) Channel, to ensure signals are contextually relevant and strong.
The Synergy of Components: Why This Combination?
The purpose of this "mashup" is not just to combine popular indicators, but to create a system where each component validates the others, filtering out noise and highlighting only the most probable signals.
1. The MC (Multi-Composite) Orderflow Oscillator:
The foundation is a weighted average of three powerful oscillators: the Detrended Oscillator (DCO), the Relative Strength Index (RSI), and the Stochastic RSI (StochRSI).
Why? Each oscillator has strengths and weaknesses. The RSI is excellent for momentum, the StochRSI for identifying cyclical turning points, and the DCO for highlighting price deviations from a trend. By blending them, we create a smoother, more reliable momentum reading that is less prone to the erratic signals of any single component. Visualizing this as candles (Open, High, Low, Close) makes momentum shifts instantly recognizable.
2. The Price Trend Filter:
This is perhaps the most critical confirmation layer. It checks if the price on your main chart is trading above or below key Moving Averages (e.g., 13/20 EMA).
Why? "The trend is your friend." A buy signal from an oscillator is significantly more reliable if the overarching price trend is also bullish. This filter forces you to align your entries with the dominant market direction, preventing counter-trend trades in strong-trending environments.
3. The Money Flow Index (MFI) & Volatility Band (VB) Channel:
These two layers provide vital context about volume and volatility.
MFI: Adds a volume-weighted dimension to the analysis. A momentum signal is much stronger when confirmed by a surge in buying or selling pressure (as shown by the MFI).
VB Channel: This RSI-based volatility channel helps identify when the market is in a "squeeze" (low volatility) or experiencing a "breakout" (high volatility). Signals are often more potent when they represent a breakout from a period of consolidation.
How to Use This Indicator: The Concept of Confluence
The real power of this indicator is in finding confluence—a scenario where multiple components agree on a market direction. Do not trade every "B" or "S" signal blindly. Instead, use them as a starting point and look for confirmation.
Example of a High-Probability LONG Signal:
A "B" (Buy) signal appears on the oscillator pane.
Check for Confluence:
Trend Filter: Is the price on your main chart trading above both the fast and slow MAs? (The ✅ Price Filter must be enabled).
Oscillator Momentum: Is the green oscillator candle closing above its own yellow moving average?
Volume Confirmation: Is the main oscillator value above the MFI line, suggesting momentum is outpacing raw money flow?
Volatility Context: Is the oscillator breaking above the lower or middle band, showing an expansion in momentum?
The more of these conditions that are met, the stronger the signal.
Example of a High-Probability SHORT Signal:
A "S" (Sell) signal appears on the oscillator pane.
Check for Confluence:
Trend Filter: Is the price on your main chart trading below both the fast and slow MAs?
Oscillator Momentum: Is the red oscillator candle closing below its own yellow moving average?
Volume Confirmation: Is the main oscillator value below the MFI line?
Volatility Context: Is the oscillator breaking below the upper or middle band?
Features at a Glance
Composite Oscillator Candles: An intuitive way to visualize complex momentum data.
Multi-Layered Signal Confirmation: Signals are validated against trend, volume, and volatility for higher accuracy.
Optional Price Trend Filter: A powerful feature to align your trades with the primary market trend.
Integrated MFI and Volatility Bands: Provides at-a-glance context without cluttering your chart with more indicators.
Multi-Timeframe (MTF) Cycle Dashboard: See the oscillator's status (Oversold, Neutral, Overbought) across multiple timeframes simultaneously to gauge the broader market sentiment.
Highly Customizable & Comprehensive Alerts: Create alerts for simple crossovers, confluent signals, MTF cycle alignments, and more, so you never miss a setup.
Summary
The Innotrade MC Orderflow Signal is more than just an indicator; it's a complete decision-support system. It was built to move beyond simplistic signals and provide a nuanced, context-aware view of the market. By requiring confluence between its components, it helps traders exercise discipline and patience, waiting for A+ setups where the trend, momentum, and volume align.
As with any tool, we recommend backtesting and using it in conjunction with your own trading strategy and risk management rules. Happy trading
Release Notes
This is a major update to the Innotrade MC Orderflow Signal. This version goes beyond its original capabilities by integrating a powerful, Wyckoff-based confirmation layer to produce new, high-probability "PRECISION" signals.The core of the original indicator remains fully intact, but it is now enhanced with an Innotrade Volume-Price Analysis (VPA) engine. This engine validates the original buy and sell signals against underlying market effort, helping to filter out noise and identify entries with much greater conviction.
What's New in This Version?
Introducing PRECISION Signals: A new class of buy and sell signals has been created. These only appear when an original MC Orderflow signal is confirmed by a significant VPA pattern, indicating strong institutional support or distribution.
Innotrade Volume-Price Analysis (VPA) Core: We have integrated the core logic from the "Innotrade Volume Price Analysis" indicator. This engine analyzes the relationship between price spread, volume, and momentum to detect key market patterns.
New Visual Markers: VPA-confirmed signals are now plotted on the chart as distinct lime green (Buy) and bright red (Sell) diamonds, making them easy to distinguish from the original signals.
Fully Configurable Alerts: You now have complete control over the new alerts. A new option in the settings, "Enable PRECISION VPA Confirmed Alerts," allows you to turn these specific alerts on or off independently from all other signals.
Customizable Style: You can now change the text color for the "BUY" and "SELL" labels on the new diamond markers directly from the "Style & Colors" settings.
Enhanced "Any Alert": The universal "Any Alert" function is now smarter. It prioritizes Precision signals, meaning if one occurs, your alert message will explicitly state "PRECISION BUY/SELL", giving you the most important information first.
How It Works: The Concept of Confirmation
Not all signals are created equal. A buy signal in a low-volume, choppy market is far less reliable than one that occurs with strong, committed buying pressure. This update uses principles of Wyckoff's "Effort vs. Result" to find that commitment.
A PRECISION Signal is generated only when an original MC Orderflow signal aligns perfectly with one of two powerful VPA patterns:
Ease of Movement (EoM): A strong, decisive price move on relatively low volume. This signifies that there is little to no opposition to the move, and price is easily advancing in the path of least resistance.
Compression (Absorption/Distribution): High volume contained within a narrow price range. This often indicates large players are absorbing supply (in a bullish case) or distributing their position (in a bearish case) before a major move.
By requiring this confirmation, the indicator filters out ambiguous signals and highlights only those moments where price action is strongly supported by volume dynamics.
How to Use the New Features
Enable the VPA Filter: To see the new diamond markers, go to the indicator Settings -> CONFIRMATION FILTER (Innotrade VPA) and ensure the ✅ Enable VPA Confirmation Filter checkbox is ticked.
Look for the Diamonds: While the original "B" and "S" labels will continue to appear, watch for the new, brighter diamond markers. These are your high-conviction, VPA-confirmed trade signals.
Set Up Precision Alerts: To get alerts specifically for these signals:
Click the "Add Alert" button on your TradingView chart.
In the "Condition" dropdown, select "Innotrade MC Orderflow Signal".
In the next dropdown, choose either "PRECISION BUY (MC + VPA Confirmed)" or "PRECISION SELL (MC + VPA Confirmed)".
Configure the rest of your alert and click "Create".
Remember to enable these alerts in the indicator settings under Toggles & Alerts -> Enable PRECISION VPA Confirmed Alerts.
Thank you for using the indicator! All feedback and suggestions for future updates are welcome. Happy trading
Release Notes
For the cleanest and most reliable setup to get the alerts you want, follow this:In the indicator settings:
- Keep ✅ Enable 'B' (Buy) / 'S' (Sell) Alerts CHECKED. (This activates the B/S alerts).
- Keep Enable PRECISION VPA Confirmed Alerts CHECKED. (This activates the diamond/precision alerts).
- Keep Enable SINGLE Alert for ALL Conditions UNCHECKED. (This avoids confusion).
- In the TradingView Alert Creation Menu:
- You will now have clear, separate options to create alerts for:
- B for BUY Alert
- S for SELL Alert
- PRECISION BUY (MC + VPA Confirmed)
- PRECISION SELL (MC + VPA Confirmed)
Release Notes
Bugs in Alert Functionalities are fixedRelease Notes
Fixed Alert functionalities bugsInvite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Innotrade_AJ directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
To request access to the Innotrade Market Cycle Orderflow indicator, please send me a direct private message on TradingView. I will get back to you with access details as soon as possible. Please do not use the comments section for access requests. Thanks
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Innotrade_AJ directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
To request access to the Innotrade Market Cycle Orderflow indicator, please send me a direct private message on TradingView. I will get back to you with access details as soon as possible. Please do not use the comments section for access requests. Thanks
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.