Tried making candles of Vwap instead of normal price to see if something interesting would happen. Something interesting did happen as you can see.
Looks best in 4h because of reasons unknown. In lower timeframes it looks kinda stupid (moves the same as nrmal vwap). Day or above it looks the same as normal candles.
Gaps seem to work as s/r? or at least I've...
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
Adds aesthetic ability to charts by allowing the trader to change the color of the bars, background, and plots using HEX colors, rather than TradingView's limited color selector box. This makes for easy application of color palettes to charts. The color palettes can be saved as indicators and applied quickly, as desired.
RSI Ribbon + Candle
By Ricardo Santos and JR
In this chart rendering we are combining RSI and Moving Averages. For an added features we included colors to the candles and ribbons. Lime and green displays a strong bullish trend, yellow is caution or no trade, red and maroon are bearish trends. You can also find divergences using the ribbon.
I was getting sick of the useless VWAP indicator on Trading View and wrote something that is more comprehensive and quite interesting, in fact: candles for VWAP.
It uses the original open/high/low/close and combines them as you would the original hlc3 calculation, but separately, to draw the candles as a shadow of the current price.
There are a few parameters to...
//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI
//1. Bearish Three Line Strike +Up 67.38%
//2. Bullish Three Line Strike -Down 65.23%
//3. Bearish Three Black Crows -Down 59.83%
//4. Bearish Evening Star -Down 55.85%
//5. Bullish Upside Tasuki Gap +Up 54.44%
//6. Bullish Inverted Hammer -Down 51.73%
//7. Bullish Matching Low -Down 50.00%
This is a basic strategy that will buy after a hammer is printed, and sell when a predetermined risk or reward price is hit. You can change the risk and reward values in the settings. Risk and reward values are in increments of $0.01. Default values are 75 ($0.75) and 200 ($2.00). If the strategy is producing losses, try adding a zero to the end of the risk value...
This tool takes a "RANGE" chart and transforms it into "NORMAL" or "HEIKEN-ASHI" candles.
Instantly giving you a much better visual interpretation of the "range" information!!!
NOTE: due to the nature of Pinescript and how range charts are constructed it's possible the candles are not formed on every tick!!!
When formed though, they don't repaint and are...