This indicator designed for 5min time-frame. it detects a candlestick pattern in one hour time-frame and draw a channel based on the detected pattern, where two candles and are covered by the third one , in 5 min time-frame. the bottom, middle and top of the channel are colored by green, gray and red respectively. this channel may help user to use it as a...
Momentum Indicator based on previous candle structure over past 40 periods - Blue is momentum score - Green = 15 ema - Red = 50 sma - orange = 100 sma The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.
This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book. The indicator does not suffer from repainting. I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it. Although the patterns have some statistical edge in the markets,...
Marubozus are an interesting candle pattern wherein the close and open of the candle are also the high / low points of the candle. In other words, a candle with no shadows or wicks. How reliable are they, though? Probably not very reliable on their own. It may also depend on the size of the candle. You would probably want to incorporate this candle pattern with...
Candlestick Recognition Version 1.0 Fun script to recognize and name candlesticks. Hamers and Highwaves and Marubozus oh my! All candlestick names can be turned on or off in the settings since sometimes they stack close to each other and are hard to read. If you think I mislabeled any please provide me with an example of what you think it should be and I will...
Pin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction. You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body. With this indicator, you can set your own...
CBTV - Candlesticks Based on Traded Volume This is the first robust implementation of volume based candlesticks (bars) on TradingView. This type of bar was describe in the book "Advances in Financial Machine Learning," written by Lopez de Prado, a well-known quant who has managed billions of dollars over the course of his career. Volume Candlesticks (Bars)...
1 - Objective 2 - How to use (Theory) 3 - How to use (Grade System) 4 - Inputs 5 - Extras and Alerts 6 - Notes Objective This script aims to mark 3 Bar play patterns (both short and long) by identifying them on the chart, with an arrow pointing up from long and down for short. Aswell, setting alerts based on grade. Following the base concept, this script comes...
Common Candlestick Patters Highlighter. - TLS: Three Line Strike (Bearish and Bullish) - AB: Advance Block - IB: Inside Bar
This RSI stragety combine RSI with candle stick patterns to give entry signal. When RSI is over bought or over sold. A long price tail signals a trend reversal in short term period.
higher timeframe (multi timeframe) candles a simple study introducing new pine function box.new
Probably the most complicated script you have seen... The Engulfing Candle Script that ACCTUALLY finds the engulfing candles. This indicator is a part of my new script I am creating and I will be realising soon. Hope it helps. I really don't understand why other people were making it so complicate LOL
DECP is simple and easy to use! It detects bullish and bearish engulfing candlestick patterns. After detecting the patterns I've said, it mentions that the pattern is going to continue its direction to up or down. But remember candlestick patterns don't determine targets and it's possible that predicted directions fail. So use it carefully and enjoy it!
Simple script for finding Hikkake patterns in charts. This script will: - Identify bullish / bearish variants of the Hikkake pattern. - Allow the user to change the color scheme for the bullish / bearish variants. - Allow the user to specify which Hikkake patterns will be recognized by this hunter (specifically, allowing which of the three candles after the...
Overview This script trades basic hammer and shooting star candlestick patterns. It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs. It is intended to be traded on the forex markets but theoretically should work on all...
Hi guys This script will help you to find Hammer candles and also Shooting star candles. These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal. I hope you find it helpful and enjoy it. Please leave your comments for improving this script.
This indicator identifies the following candle stick patterns: Bullish and Bearish Engulfing Hammer/Hanging Man, Shooting Star Tweezer Tops and Bottoms Doji Star Doji Gravestone Made for trading Forex Binary Options but can be used in any market. When the candlestick pattern emerges the script will label the pattern. A helpful visual tool for your...
This indicator calculates the difference in percentage between lows and highs of a candle. The orange bars show the height of the candle body (open/close) and the red/green on top show the percentage of the wicks (high/low). This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto. It also shows the Simple...