This script is our version of the "Fair Value Gap".
A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior.
For example:
A Gap Up - the Low of a candle is higher than the High of two candles back.
A Gap Down - the High of a candle is lower than the Low of two candles...
This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago.
The old version has been preserved here:
█ OVERVIEW
This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot...
DojiCandle body size RSI-SMMA filter MTF
Hi. I was inspired by a public script written by @ahmedirshad419, .
I thank him for his idea and hard work.
His script is the combination of RSI and Engulfing Pattern.
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I decided to tweak it a bit with Open IA.
I have changed:
1) candle pattern to...
█ OVERVIEW
We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other,
not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize
your own Patterns with the Backtesting tool and set Retracement Ratios and...
What This Indicator Does
The Forex Master Pattern uses candlesticks, which provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful...
The Engulfing Pattern
An engulfing...
█ 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...
Library "FunctionPatternFrequency"
Counts the word or integer number pattern frequency on a array.
reference:
rosettacode.org
count(pattern)
counts the number a pattern is repeated.
Parameters:
pattern : : array : array with patterns to be counted.
Returns:
array : list of unique patterns.
array : list of counters per...
Library "FunctionDynamicTimeWarping"
"In time series analysis, dynamic time warping (DTW) is an algorithm for
measuring similarity between two temporal sequences, which may vary in
speed. For instance, similarities in walking could be detected using DTW,
even if one person was walking faster than the other, or if there were
accelerations and decelerations...
Hi Traders,
I've developed an indicator which can detect fake-breaks on the chart.
In the following you'll find the definition of the fake break candles and also you will find how to recognize it on the chart with practical examples.
What is the fake break pattern?
Sometimes support and resistance lines broke with a full body and strong candles that gives us...
We script this one for combining VWAP , EMA50 and EMA200. The tool is fantastic if traders know how VWAP , EMA work? Just adding this script in your favorite and work like charm:
VWAP: How to trade with that
- One of the simplest uses of the VWAP is gauging support and/or resistance.
- A trader who is long a stock can use the VWAP as a target exit if its trading...
The Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions:
* For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago.
* For a bearish...
K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions:
• A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time,...
OVERVIEW
The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature.
...
Library "FunctionPatternDecomposition"
Methods for decomposing price into common grid/matrix patterns.
series_to_array(source, length) Helper for converting series to array.
Parameters:
source : float, data series.
length : int, size.
Returns: float array.
smooth_data_2d(data, rate) Smooth data sample into 2d points.
Parameters:
data...
This script is an utility tool for manual backtesting.
The main problem in backtesting a discretionary strategy is the bias of knowing the future result of the market, in this way all the market will be crushed into a flat line, this way you can avoid bias.
The way to use this indicator is easy and made by 4 step:
Step 1 : add to an asset you won't backtest and...
This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
This startegy based on 3-day pattern reversal described in "Are Three-Bar
Patterns Reliable For Stocks" article by Thomas...
This script is based on RationalRoot's spiral btc chart. Since I dont know how to make spirals in pinescript I just flattened it out into a readable chart. All this shows is the log price for btc over a 4 year timeframe. I found it interesting how well things line up with this idea. The white circle just shows the current day price location. You need to be on the...
![EURUSD: Candilator RSI [AstrideUnicorn]](https://s3.tradingview.com/a/aWwNQO7C_mid.png "Candilator RSI [AstrideUnicorn]")
