Best indicator for scalping on 5 min Timeframe
Rules of trading
For Long Entry
When a candle break the line upside and you see (three white soldiers) enter for a long trade. Stoploss should be at lower of at line breaking candle and take profit should be 1.5 (three white soldier's first candle should break the line)
For Short entry
When a candle break the...
This indicator gives you the ability to display a heiken ashi candle on top of your regular chart. The period of the candle can be changed. The example above shows the 1W heiken ashi candle on top of the 4h candle.
This indicator aims to find energetic displacements that cover a higher range than a given threshold value. It shows the start of the displacements and all the ends that satisfy the given parameters. It can also be used to alert in case a displacement is found.
This script can plot pivot levels and trend lines that are haven't broke out.
In the setting, left and right means how to get the pivot. the pivot will be gotten based on the left candles and the right candles. boxes will be auto deleted after the box was broke.
Important: This is just a beta version, if you find some bug with using this script. Don't hesitate...
█ Overview
The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it.
Our 1-2-3 Pattern (Expo) indicator helps...
This is indicator plot Heikin Ashi of chart with RSI data
You can use this indicator like normal RSI with divergence or cross overbought oversold level
It can help you find pivot better and have better visual of market conditions when market overbought or oversold
This is good real-time / scalp indicator for those scalping Bitcoin.
It is based solely on Binance's BTCUSDT Perpetuals, but can be used on any BTCUSD pair as I am requesting info directly from Binance's chart.
IDEA
I have spotted that many times, round nrs (most likely caused by algo-trading) mark a top / bottom on a trend. Many times have catched extremes...
This is an attempt to develop alternative visualisation of financial charts. This script also makes use of new pine feature types which represents User Defined Object Types. You can refer to below documentation to understand more about this feature:
www.tradingview.com
www.tradingview.com
🎲 Structure of new chart components
🎯Instead of candles/bars,...
Hello, guys
This indicater displays the previous value of higher timeframe without request.security() function.
You can change the candle style ( heikinashi or normal) on the set box.
you can choose the higher timeframe also.
I made this to avoid the repainting.
Without Box() function, i only used plotcandle and fill.
It was good fun.
Good luck !!
— Overview
Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at...
Level 1
Background
At the beginning of the stock price rise, the stock form is a buying point in the "N" shape.
Function
This form is the same as the "N" shape. What is pursued is the strength of the skyrocketing rise after the sharp rise and fall. The adjustment time in the middle of the N shape must not exceed 3-4 days! If it is an aggressive Changyang, the...
Intro to Supply and Demand Zone Technical Analysis
Supply and demand is an increasingly common strategy among day and swing traders in equity, forex, and the futures markets. The goal of analyzing supply and demand zones is to pre-determine where price action may pivot before that pivot happens, thus giving us an edge over the market. There are many unique...
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I would like to take the time to explain the indicators needed for trading among the two indicator formulas previously disclosed.
The HA-MS indicator is an indicator created using the Heikin...
!Review
This indicator automatically calculates the best trade entry based on volume and real-time volatility. After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart. As a result, the trader can be sure that the signal is based on data analysis. One of the key elements is reverse transactions. A long or short...
Not many candlestick patterns hurt traders on the other side of the trade more than this signal, when it happens, think of it as kicking in the teeth, the pain is real.
An upwards signal is painted when you have a two-bar formation, the one on the left is a bearish one whereas the successive one is bullish, when you have fat bodies in both candles, meaning the...
Tweezer top and bottom, also known as tweezers, are reversal candlestick patterns
that signal a potential change in the price direction. Both formations consist of
two candles that occur at the end of a trend, which is in its dying stages.
The tweezer bottom candlestick pattern is a bullish reversal pattern that can be
spotted at the bottom of a downtrend. It...
// Indicator Name: "Significance Condensed"
// This is a "Multi-Indicator", which includes:
// Custom Candlesticks with Bearish/Bullish Engulfing Body Fills, otherwise hollow.
// 3 EMA's with user inputs + 2 Static EMA's
// Continuous plots of high/low values with up to 3 overlapping timeframes.
// Table: Contains the TICKER.ID, Current Price, Percent On Day...
![002980: [blackcat] L1 N-Shape Attack](https://s3.tradingview.com/s/s0eaLLBE_mid.png "[blackcat] L1 N-Shape Attack")
