Tradingview Pinescript just introduced a new exciting ability to get intrabars candle information from a higher time frame chart! This indicator is based on Tradingview example but with enhanced capabilities to show the percentage of intrabars opposite bars with the ability to display the mid-day candle close price drawn by a blue line. This indicator can show...
Base / Imbalance Candle It automatically highlights the candle color to yellow (default) where there is imbalance between buyers and sellers or in other words, a base or fight between buyers and sellers. When you identify this base candle, you can mark the demand and supply zones easily.
In the Input menu, the default value of Location is 1, and HeikinAshi can be seen overlapping the candle. If you modify the Location value, you can overlay it separately with candle to compare. (In this case, the HeikinAshi value is different from the actual value, so it is recommended to use it to identify the trend.) Also, if you move HeikinAshi to a new...
█ OVERVIEW This is a simple script that will plot labels over or under candles to show where there had been consecutive candles that closed in a similar fashion. This script was inspired by a Tweet about Bitcoin experiencing its first 7th-consecutive weekly black candle and I sought out to test that. █ INPUTS There are three inputs for this script....
Author: Marek Zatwarnicki Inspired by: - Category: Technical Analysis Type: Indicator Timeframe: 4H - 1MONTH Index: ALL About: The indicator allows to examine the number of historical occurrences of candles in a given color, evaluate the risk and analyze returns of the next candle. How to use: Check with plotline how many candles of a given color have occurred...
Supply and Demand - Order Block - Energy Candles Description An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their...
This indicator lets you set an alert that triggers when a candle body has got a specific % extension. Customizable settings Extension % threshold: the % of the candle extension that has to trigger the alert Instructions to make it work Add the indicator to your layout Set the desidered extension % threshold Create an alarm (Alt + A) In the...
This indicator colors the candle body based on whether it closed as an Inside Bar (IB) or an Outside Bar (OB). Inside and outside bars can be powerful triggers to enter or exit trades from, when price breaks above or below the candle. The coloring of only the body and not the border of the candle makes it possible to still know whether the candle was...
This indicator tries to measure the power of candle. You can also integrate some candles to measure the power. The “Length” is for integrating candles. If the Length is equal 5, it means indicator calculate power of recent 5 candles. The second editable factor in “Shadow index” which represent the power of shadows. The last factor in Average Criteria which is...
Important notes: 1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 7.5 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. 2. This strategy also takes into account of...
RSI ----- UPGRADE ----> RSI+ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The RSI index has been upgraded. The display function of RSI Candle, RSI Line, Divergence, and Divergence Line, which were previous...
RSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression . In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support...
RSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression. In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support...
A simple but effective indicator that paints candles with different shades of colors based on the volume transacted. -> Supports 6 levels of sensitivity at present. Might enhance the granularity later. -> Darkest indicates the most volume transacted. Lightest, the least. Change it around however you see fit and based on your theme. -> Use it for your Volume...
█ OVERVIEW This indicator demonstrates how we can use Pine script for collecting data to study the market. By building a statistical report based on the chart candlestick analysis, discover if there is an edge or not, when and where? Compare it with a specific candlestick pattern and know how its behavior diverges. I have already covered some here . I...
1. This indicator will indicate signals of bearish/bullish candlestick as below: - 10 Bear Candles: Dark Cloud Cover, Bearish Kickers, Bearish Engulfing, Evening Star, Three Black Crows, Hanging Man, Shooting Star, Tweezer Top, Bearish Harami, Doji - 10 Bull Candles: Piercing, Bullish Kickers, Bullish Engulfing, Morning Star, Three White Soldiers, Hammer, Inverted...
Calculates price range between candle high and candle low.
This is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is...