This script uses Heikin Ashi candles to smooth out the candles, then counts how many consecutive candles in a row are the same colour (red or green). It then takes each count and multiples it by the difference between close and open, to provide a weighted movement.
Where larger moves create greater impulses.
A simple VWAP and SMA smoothing on the candles along with some momentum coloring. Basically, if the "slider" is slid all the way up and it turns red, moving down or losing volume t's probably going down. If it's all the way down and starts turning green, getting bigger and seeing volume, it's probably going up. this is a prototype indicator that I plan to extend...
Today I propose a simple indicator to get an idea of market sentiment
Color distinctions are as follows
-White background = Bollinger Band Squeezed
-Purple columns = Total candle length wick to wick
-Lime columns = Green candle body length
-Red columns = Red candle body length
-Yellow columns = Wick to wick size higher than the previous candle by defined %, this...
Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator,...
The Dr. Profit BANK CANDLES will identify the low momentum candles (LMC) and high momentum candles (HMC) needed to detect where the banks are most likely to consume supply/demand according to the base. You may chose to only show HMC or LMC in the INPUT SECTION.
HMC are your "INTRO" candles. You can view these candles as AGGRESSIVE and high in Volume.
This scripts draws Renko Candles in a seperate window dynamically and live. it shows only last 20 Renko candles. there is no time in that window, that means this window with Renko candles ignore time and focus solely on price changes. For Example If the brick value is set at 10 points, a move of 10 points or more is required to draw another...
Renko candles strategy has been written based on renko box plots.
the strategy plots renko boxes and levels for trading,
the buy signals trigger when renko is on uptrend and hit the lower box border and similar scenario for sell signal.
the standard parameter are as bellow:
box size: 3.5$
take profit: 1000 pip
stop loss: 200 pip
the below overview is results of...
Price movement indicator
Useful for indicating high/low levels of price movement
Red - when close is below the open(the actual move)
Yellow - hesitance
Green - when close is above the open(the actual move)
* Highly recommended to set transparency to 50% to all columns when combined is Off(unchecked); 0% otherwise
My script builds upon another user-submitted script by rebuilding the logic used to identify candlestick patterns. The logic in my script is a mix of strict and lax guidelines to mitigate false flags and present valid buy and sell signals.
-To use this indicator, simply add it to any chart. It will identify trends on any time frame although the lower you go, the...
A further improvement of the Sparklines indicator, which shows the last 6 candles of 4 different instruments (can be customized on the user's choice).
Use cases are remain the same as for the Sparklines :
Merge of two instances
* on the preview
If you have any questions you can contact me either via...
Hello BoredWorkers here.
We've been on a journey to create the most perfectly simple indicator for newbies to profit NO MATTER WHAT and we're ending our journey successfully here soon.
So we will be releasing indicators, apart of or, that were a part of our journey.
The guided lights indicator is a favorite.
This indicator is simple. It displays the current...
This simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This...
ABSOLUTE TOP BOTTOM FINDER
Works with every asset that tradingview offers. It combines change in candle trends and oscillator divergences. It will show you when to buy or sell depending if the divergence is bullish or bearish. Only regular divergences.You can set alarms too.
It should work better with liquid assets with volume like futures or US big cap...
I read somewhere that candles can easily confuse the eye, making it easy to lose focus. We get distracted by the size of the candle body and the candle's color without paying attention to its true range and how it compares to that of the previous candle.
With Up or Down? you get two signals. The blue arrow below lets you know that the candle's current low and...
Candle Color Generator:
This indicator is designed to highlight the candle colors based on the combinations of Parabolic SAR (PSAR) and 2 Hull Moving Averages (HMA).
Yellow, Red, and Green colors are used to describe the candle colors depends on its position to PSAR and 2 HMAs.
PSAR position above or below candle position is differentiated...
What is this? : This script prints simple Heikin Ashi candles
Why this script? : This script has a specific visual trait, that makes it looks like a clean black line on the 1min timeframe when completely zoomed out. Because of this the chart looks clear instead of messy, even on max field of view....