Moving Average Pullback Signals [UAlgo]The "Moving Average Pullback Signals " indicator is designed to identify potential trend continuation or reversal points based on moving average (MA) pullback patterns. This tool combines multiple types of moving averages, customized trend validation parameters, and candlestick wick patterns to provide reliable buy and sell signals. By leveraging several advanced MA methods (such as TEMA, DEMA, ZLSMA, and McGinley-D), this script can adapt to different market conditions, providing traders with flexibility and more precise trend-based entries and exits. The addition of a gradient color-coded moving average line and wick validation logic enables traders to visualize market sentiment and trend strength dynamically.
🔶 Key Features
Multiple Moving Average (MA) Calculation Methods: This indicator offers various MA calculation types, including SMA, EMA, DEMA, TEMA, ZLSMA, and McGinley-D, allowing traders to select the MA that best fits their strategy.
Trend Validation and Pattern Recognition: The indicator includes a customizable trend validation length, ensuring that the trend is consistent before buy/sell signals are generated. The "Trend Pattern Mode" setting provides flexibility between "No Trend in Progress," "Trend Continuation," and "Both," tailoring signals to the trader’s preferred style.
Wick Validation Logic: To enhance the accuracy of entries, this indicator identifies specific wick patterns for bullish or bearish pullbacks, which signal potential trend continuation or reversal. Wick length and validation factor are adjustable to suit various market conditions and timeframes.
Gradient Color-coded MA Line: This feature provides a quick visual cue for trend strength, with color changes reflecting relative highs and lows of the MA, enhancing market sentiment interpretation.
Alerts for Buy and Sell Signals: Alerts are triggered when either a bullish or bearish pullback is detected, allowing traders to receive instant notifications without continuously monitoring the chart.
Visual Labels for Reversal Points: The indicator plots labels ("R") at potential reversal points, with color-coded labels for bullish (green) and bearish (red) pullbacks, highlighting pullback opportunities that align with the trend or reversal potential.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Phân tích Đồ thị Nến
TrendLines MTF [Cometreon]Trendline is an advanced indicator designed to automatically plot all trendlines on the chart and signal when they are broken, adapting to any symbol and timeframe, including larger ones. This innovative tool uses advanced algorithms to continuously analyze market data, automatically identifying and drawing trendlines on the chart. Trendline offers traders an immediate and clear visualization of market dynamics, saving time in manual analysis and optimizing trading decisions.
Key Features:
Automatic Plotting: The indicator automatically draws and updates trendlines, providing a real-time overview of market trends.
Breakout and Bounce Signaling: Provides immediate notifications when a trendline is broken or the price bounces off it, allowing traders to react promptly to market changes.
Customization: Offers the ability to modify length, touches, colors, and line style to suit individual preferences.
Information Table: Includes a detailed table showing the values of all active trendlines, facilitating the monitoring of key market points.
Configurable Alerts: Allows setting custom alerts for breakouts, bounces, or creation of new trendlines.
Technical Details and Customizable Inputs:
Trendline offers a range of customizable inputs that allow adapting the indicator to specific needs:
Trendline Type: Select between active trendlines, broken ones, both, or none.
Left and Right Length: Defines the extension of maximum and minimum points to identify Trendlines.
Timeframe: You can also modify the timeframe of Trendlines to display a higher timeframe.
Confirm at Timeframe: Allows you to confirm the Trendlines using the chart's timeframe instead of the selected one. This checks whether a candle has already broken the line previously.
Delete at Timeframe: input to remove trendlines based on breakouts with chart candles, instead of using candles of a higher timeframe.
Touch Need: Sets the number of touches needed to confirm a Trendline.
Max Trend Line for Level: Limits the maximum number of Trendlines in a single level.
Extended Line After Break: Option to extend broken Trendlines by a specific value.
Session Range: The "Session Range" offers two options: select a specific date or a period relative to the last candle. The input allows choosing between "Choose" and "Pick Up".
With "Choose", you select a relative period, with two modes:
- Last: shows the trendlines of the selected period, compatible with Replay.
- Real Time: displays all TrendLines, searching from the last selected period.
Example: "1 Month" with "Last" shows the TrendLines from the previous month, while "Real Time" searches without time limits but uses the values from the last month. This allows defining the search depth of the indicator, crucial for computing power. In case of issues, use "Auto".
Trendlines Style: Modify the style for each type of Trendlines (Valid, Break) including color, style, and line thickness.
Trends Trendlines: Enable/disable two different trends:
- Trend Bar Color: based on TrendLines breakouts. Breaking a bearish TrendLine results in a bullish trend, vice versa for breaking a bullish TrendLine.
- Trend Background: based on the number of active TrendLines. For example, if the number of bullish TrendLines is greater than the "Strength", the trend will be bullish.
Signal Style: You can enable or disable breakout and bounce signals, with customizable colors for each signal type.
Alert: Set notifications for breakouts, bounces, or formation of new Trendlines.
Table: Customize the table showing the values of all active trendlines, facilitating the monitoring of key market points. You can modify the appearance of the table, changing the color of cells and text.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring precise and personalized technical analysis.
How to Use Trendlines:
Market Analysis: Use the displayed Trendlines as critical indicators of market dynamics to make informed trading decisions.
Signal Interpretation: Leverage Trendline breakouts and bounces to identify potential trend changes and trading opportunities.
Strategy Integration: Use Trendlines and generated signals as a basis for creating personalized and innovative trading strategies.
With Trendlines, you can simplify your market analysis, saving time and improving the accuracy of your decisions with clearly visualized and customizable Trendlines.
Don't waste any more time and visit the link to get access to all Cometreon indicators.
Institutional Order Finder (IOF) - Hidden Order Block LiteInstitutional Order Finder (IOF) - Hidden Order Blocks
Institutional Order Finder (IOF) Indicator: Detecting Breaker Blocks and Hidden Order Blocks (HOBs)
The Institutional Order Finder (IOF) Lite is designed to assist traders in identifying breaker blocks, also known as hidden order blocks (HOBs). The indicator helps identify untouched bodies within order blocks and offers comprehensive analysis of fair value gaps (FVGs) and order blocks based on engulfing candles. The method for detecting engulfing patterns is customizable (available in the Pro version).
Features of the Institutional Order Finder (IOF) Lite Indicator
The indicator detects breaker blocks and distinguishes between complete HOBs and partial HOBs (PHOBs). An HOB is created when the body of a candle, to the left of an engulfing candle, ideally fits through the fair value gaps without being touched by wicks. The indicator differentiates between:
HOB (Hidden Order Block): The body completely fits through the FVGs and is untouched by wicks, making it a strong and reliable breaker block.
PHOB (Partial Hidden Order Block): The body does not fully fit, but at least the equilibrium (50% level of the body left of the engulfing candle) is covered by the FVGs.
The minimum requirement for a “good” HOB is for the equilibrium to be crossed by the FVGs. This method provides a focused and high-quality view of the market structure.
Visualization and Market Structure Analysis
The Institutional Order Finder (IOF) displays order blocks as lines, with the equilibrium being a critical analysis point. Once the equilibrium is reached, the order block is considered invalid. In addition to HOBs and PHOBs, the indicator also displays fair value gaps, as well as invalidated order blocks (OBs) and breaker blocks (BBs). Understanding these invalidations is essential for interpreting market behavior and potential turning points. The line representation offers a cleaner view, making it easier to combine multiple timeframes and spot clusters.
Multi-Timeframe Analysis (MTF)
The Lite version allows analysis of up to three different timeframes, helping traders observe the relevance and strength of order blocks across different time periods. For each selected timeframe, not only confirmed order blocks are shown, but also “potential order blocks (OBs) and breaker blocks (BBs).” These blocks are currently forming and are not yet confirmed. Potential OBs and BBs can provide crucial insights into the current market structure, especially for traders who seek early signals.
Lite Version and Limitations
The Lite version of the Institutional Order Finder (IOF) indicator has certain limitations. It can display only up to three timeframes, offers fewer customization options, and focuses on basic analysis tools. Nonetheless, the Lite version is a powerful tool for gaining initial insights into the functionality of the MT Breaker Block indicator and improving understanding of market structure.
Why Use the Institutional Order Finder (IOF) Indicator?
The Lite indicator offers a precise way to analyze and visualize order blocks and breaker blocks. By focusing on identifying untouched bodies and the equilibrium, the indicator provides a unique perspective on market structure, often missing from traditional order block indicators. With its ability to conduct multi-timeframe analysis and identify potential order blocks in real time, the IOF Lite indicator offers a detailed understanding of potential price movements.
Special thanks to Moneytaur for inspiring the creation of this indicator.
Settings Overview
GENERAL SETTINGS
Historical order blocks: Enables the display of historical order blocks on the chart.
Order blocks: Activates the detection and display of order blocks (OB).
Show high quality breaker blocks: Displays only high-quality breaker blocks (BB) that meet strict criteria. The lines for high-quality BBs are twice as thick as regular lines.
ENGULFING
Please choose Engulfing engine: Choose the type of engulfing pattern used to detect order blocks (e.g., “Engulfing Strict” for stricter criteria).
MTF SETTINGS
Default timeframe: Sets the default timeframe for order block analysis when the multi-timeframe (MTF) mode is turned off.
Show MTF order blocks: Enables the display of order blocks from multiple timeframes.
Timeframe 1, Timeframe 2, Timeframe 3: Specify the individual timeframes for MTF analysis.
Activate Timeframe 1, Activate Timeframe 2, Activate Timeframe 3: Control which MTF timeframes are actively used in the analysis.
ORDER BLOCK SETTINGS
Order Block Filter Strategy: Choose a filtering strategy to display only the most relevant OBs.
Extend order blocks to the right: Extends order blocks to the right until they are invalidated.
Show timeframe as label: Displays the timeframe of the order block as a label on the chart.
Bearish OB, Bullish OB, Breaker Block, Old Order Blocks, Old BB-Blocks (and possible): Choose colors for different types of order blocks and breaker blocks for easier visual distinction.
Label text color: Sets the color of the text within labels.
Label background color: Defines the background color of the labels.
Line width: Specifies the thickness of the lines that represent order blocks.
Please choose style of lines / current timeframe, Please choose style of lines / alternative timeframe: Choose the style of lines (e.g., solid or dotted) for the current and alternative timeframes.
Timeframe label offset in bars from actual bar: Determines the offset of labels relative to the candles, improving visibility.
FAIR VALUE GAPS
Show Fair Value Gaps: Activates the detection and display of fair value gaps (FVG), highlighting potential liquidity gaps.
FILTER SETTINGS
Number of Previous Candles (Candle Pattern Strength): Specifies the number of previous candles to analyze to determine the strength of the candle pattern.
Candle Size Multiplier (Candle Pattern Strength): Sets a multiplier for the candle size within the pattern to emphasize stronger patterns.
RSI Period (RSI): Defines the period for the RSI indicator, used to analyze overbought/oversold conditions.
Overbought Level (RSI), Oversold Level (RSI): Sets the RSI threshold values to identify potential trend reversal points.
Minimum Volume (Volume): Specifies the minimum volume that must be reached to validate order blocks and breaker blocks.
This guide provides a comprehensive breakdown of the Institutional Order Finder (IOF) Lite Indicator settings, allowing you to customize and maximize the indicator’s functionality for optimal trading insights.
Volumetric Rejection Blocks [UAlgo]The Volumetric Rejection Blocks is designed to help traders identify and visualize key price levels where volumetric rejections occur, which may indicate a shift in market sentiment. These rejections can signal potential trend reversals or areas where price action is likely to face support or resistance. By drawing rejection blocks based on volumetric strength, the indicator allows users to observe where significant buying or selling pressure has been exerted, which can be used as a reference point for future price action.
Also indicator dynamically calculates swing highs and lows, analyzes bullish and bearish strengths based on volume-weighted price movements, and displays rejection blocks on the chart. Each rejection block represents an area where the price attempted to move beyond a certain level but faced rejection, either on a close or wick basis. This can be particularly useful for traders who rely on market structure and order flow to make informed decisions about entering or exiting trades.
🔶 Key Features
Swing Length Customization: Allows users to define the swing length, helping tailor the sensitivity of the swing high and low detection to the specific market conditions.
Rejection Block Visualization: Displays up to the last 10 rejection blocks based on user settings, clearly marking areas of significant bullish or bearish rejections.
Volumetric Strength Analysis: The indicator calculates bullish and bearish strength for each rejection block, based on volume-weighted price movements over the last few bars, giving insight into the intensity of the rejection.
Violation Check Type: Offers two options for violation detection—"Close" and "Wick". This allows traders to specify whether a price level is considered broken only if it closes beyond the level or if any wick breaches it.
Bullish and Bearish Block Coloring: Rejection blocks are colored to represent bullish (green) and bearish (red) rejection areas. The color transparency can be adjusted for clear visibility overlaid on the price chart.
Market Structure Labels: Labels and lines marking "Market Structure Shift" (MSS) and "Break of Structure" (BOS) are displayed, giving traders context about significant market structure changes.
🔶 Interpreting the Indicator
Rejection Blocks: These colored blocks on the chart indicate areas where the price faced significant buying or selling pressure. A green block suggests a bullish rejection (support zone), where buyers absorbed the sell-off, potentially pushing the price upward. Conversely, a red block indicates a bearish rejection (resistance zone), where sellers overpowered buyers, potentially driving the price lower.
Strength Analysis: The width of the green and red sections within a rejection block represents the relative bullish and bearish strengths. A wider green section indicates stronger bullish support, while a wider red section suggests more robust bearish resistance. This helps traders gauge the likelihood of price holding or breaching these levels.
Market Structure Shift (MSS) and Break of Structure (BOS): The indicator automatically detects and labels significant changes in market structure. An "MSS" label indicates the first break, suggesting a potential shift in trend direction. A "BOS" label indicates a subsequent confirmation in trend direction, allowing traders to recognize potential trend continuations.
Violation Check: Traders can choose how to interpret breaks of these rejection blocks. Using the "Close" option provides a more conservative approach, requiring a close beyond the level for confirmation. The "Wick" option is more aggressive, treating any wick beyond the level as a break.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator
Overview
The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Multi-Timeframe Analysis
The indicator screens various predefined timeframes (from 1 week down to 10 minutes).
It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned.
Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping).
2.Pressure and Trend Calculation
Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe.
By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment.
The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals.
3.Heikin Ashi Option
The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction.
This is particularly helpful for traders who want to filter out market noise and focus on the primary trend.
4.Table Customization
Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom.
Text and Alignment: The alignment and text size of the table can be customized for better visual clarity.
Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret.
5.Strong Movement Indicators
The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold.
This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities.
How the Screener Works
1.Pressure Calculation
For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values.
It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening).
The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant.
2.Trend Rating and Signal Generation
Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •)
Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold).
If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend.
3.Customizable Strong Move Thresholds
Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves.
Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement.
Inputs and Customization
The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders:
General Settings:
Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation.
Strong Move Threshold: Defines how strong a move should be to be considered significant.
Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon.
Table Settings:
Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart).
Alignment: Align the table (left, center, or right) to best suit your chart layout.
Text Size: Adjust the text size in the table for better readability.
Table Color Settings:
Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes.
Timeframe Settings:
The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy.
Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis.
Practical Use Case
Identifying Trend Alignment Across Timeframes:
Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes.
The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade.
Spotting Reversal Opportunities:
If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal.
The screener allows you to spot these discrepancies and consider taking early action.
Benefits for Traders
1.Synchronization Across Timeframes:
One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend.
For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long.
2.Quick and Visual Trend Overview:
The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe.
This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers.
3.Strong Move Indicator:
The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades.
To put it short or to summarize
The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers:
A clear summary of buying or selling pressure across different timeframes.
Heikin Ashi smoothing, providing an option to reduce market noise.
Strong movement signals to highlight significant trading opportunities.
Customizable settings to fit any trading strategy or style.
The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend.
I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Candlestick PatternsThis versatile candlestick patterns indicator combines traditional pattern recognition with trend detection and advanced alerting capabilities. It identifies key candlestick formations while validating them against market context through trend analysis.
### Features
🎯 Pattern Detection:
• Morning Star & Evening Star
• Hammer & Inverted Hammer
• Hanging Man
• Shooting Star
• Inside Bar
📈 Smart Trend Detection:
• Multiple methods available:
- EMA (14, 28)
- SMA (50, 200)
- ZigZag
- Combined methods
- No trend detection option
🎨 Visual Signals:
• Clear up/down arrows
• Pattern labels with tooltips
• Optional ZigZag visualization
• Color-coded inside bars
⚡ Advanced Alerts:
• JSON-formatted alerts with complete market data:
- OHLCV data
- Pattern information
- Market context
- Time and symbol details
• Standard TradingView alerts
• Custom alert messages
• Token-based authentication
### Settings
▶️ ZigZag Parameters:
• Depth: Controls sensitivity
• Deviation: Fine-tunes pattern detection
• Backstep: Adjusts repainting behavior
• Visual customization options
▶️ Pattern Detection:
• Morning/Evening Star thresholds
• Hammer pattern sensitivity
• Inside bar visualization
▶️ Trend Detection:
• Multiple methods to choose from
• Combinable indicators for better accuracy
▶️ Alert Configuration:
• Customizable JSON template
• Token authentication
• Complete market data output
### How to Use
1. Add indicator to your chart
2. Choose preferred trend detection method
3. Adjust pattern parameters if needed
4. Set up alerts with your JSON template
5. Monitor for validated patterns
### Trading Tips
• Wait for pattern confirmation with trend alignment
• Use support/resistance validation
• Combine with other technical indicators
• Consider volume analysis
• Use alerts for automated trading systems
### Disclaimer
This indicator is for educational and informational purposes only. Always perform your own analysis and validation before trading.
Good luck trading! 📈
#patterns #candlesticks #technical #alerts #trading #strategy
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring
This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts.
Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals.
Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings.
Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings.
Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market.
Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots.
Alerts
Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes.
How to Use
VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames.
Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference.
Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively.
This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum.
Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points.
The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions.
🔶Key Features
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison.
Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction.
Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions.
Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest.
Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior.
Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments.
SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA.
SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200.
Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation.
Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification.
Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences.
🔶 Interpreting Indicator
Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum.
Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern.
Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest.
Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure.
Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Inside Bar with Swing PointsSwing Points with Inside Bar
This script combines swing point analysis with an inside bar pattern visualization, merging essential concepts to identify and visualize key price levels and potential trend reversals. This is especially useful for traders looking to understand price action through swing levels and reactions within inside bar boundaries, making it effective for short-term trend analysis and reversal zone identification.
Script Features:
Swing Point Analysis:
The script identifies swing points based on fractals with a configurable number of bars, allowing for a choice between three and five bars, helping traders fine-tune sensitivity to price movements.
Swing points are visualized as labels, highlighting potential reversal or continuation zones in the price chart.
Inside Bar Visualization:
Inside bars are defined as bars where both the high and low are contained within the previous bar. These often signal consolidation before a potential breakout.
The script displays boundaries of the mother bar (the initial bar encompassing inside bars) and colors candles accordingly, highlighting those within these boundaries.
This feature helps traders focus on price areas where a breakout or trend shift may occur.
Utility and Application:
The script enables traders to visualize inside bars and swing points, which is particularly useful for short-term traders focused on reversal or trend continuation strategies.
Combining swing point analysis with inside bar identification offers a unique approach, helping traders locate key consolidation zones that may precede significant price moves.
This provides not only strong support and resistance levels but also insights into probable breakout points.
How to Use the Script:
Set the number of bars for swing point analysis (3 or 5) to adjust fractal sensitivity.
Enable mother bar boundary visualization and color indication for inside bars to easily spot consolidation patterns.
Pay attention to areas with multiple swing points and inside bars, as these often signal potential reversal or breakout zones.
This script offers flexible tools for analyzing price movements through both swing analysis and consolidation zone identification, aiding decision-making under uncertainty and enhancing market structure understanding.
TechniTrend: Candle Pattern Detector (CPD) v3TechniTrend: Candle Pattern Detector (CPD)
The "TechniTrend: Candle Pattern Detector (CPD)" is a powerful tool designed to enhance the analysis of candlestick patterns across financial charts to understand market behavior. This indicator detects a wide range of reversal and continuation patterns, providing traders with insights into potential market movements. It incorporates dynamic filtering and customizable settings for precision in pattern recognition, allowing users to tailor the detection criteria to different trading styles.
🔷 Key Features
Comprehensive Pattern Detection: Identifies numerous candlestick patterns, including bullish and bearish reversals, continuation setups, and indecision formations.
Dynamic Filtering Options: Filter patterns are based on trend conditions, moving average positioning, and additional criteria to increase signal accuracy.
Customizable Input Settings: Provides adjustable parameters, such as body ratios and shadow length requirements, enabling traders to fine-tune detection thresholds.
Real-Time Alerts: Generates alerts when patterns are detected, ensuring traders can respond swiftly to market opportunities.
Graphical Representation: Visualizes detected patterns on the chart using intuitive labels, colors, and markers, helping to identify key signals quickly.
Supported Patterns
The indicator covers a wide range of candlestick patterns.
❇️ 51 Candlestick Patterns
🟢 Bullish Reversal Candlestick Patterns:
Bullish engulfing - Hammer - Morning star - Piercing line - Three white soldiers - Inverted hammer - Three Inside Up - Bullish Harami - Tweezer Bottom - White Marubozu - Dragonfly Doji - Three Outside Up - Bullish Counterattack Line - Bullish Abandoned Baby - Bullish Tri-Star - Hammer Doji - Morning Star Doji
🔴 Bearish Reversal Candlestick Patterns:
Bearish engulfing - Shooting star - Evening star - Hanging man - Three black crows - Dark cloud cover - Hanging Man Doji - Three Inside Down - Bearish Harami - Tweezer Top - Black Marubozu - Three Outside Down - Bearish Counterattack Line - Gravestone Doji - Evening Star Doji - Bearish Abandoned Baby - Bearish Tri-Star
🟩 Bullish Continuation Candlestick Patterns:
Rising Three Methods - Bullish Kicker - Mat Hold Bullish - Three Line Strike - Upside Tasuki Gap - Rising Window
🟥 Bearish Continuation Candlestick Patterns:
Falling Three Methods - Bearish Kicker - Mat Hold Bearish - Three Line Strike Bearish - Downside Tasuki Gap - Falling Window - On Neck Bearish
🟡 Indecision Candlestick Patterns:
Doji - Long Legged Doji - Spinning top - High Wave
Usage Recommendations
Optimized for Any Market: Designed for stocks, forex, cryptocurrencies, and other assets.
Ideal for Multi-Timeframe Analysis: Use it across different timeframes for better market timing.
Customization Options
Pattern Detection Settings: Users can adjust parameters like body-to-range ratios, shadow length requirements, and gap conditions for accurate detection.
Moving Average Filtering: Choose separate moving averages for reversal and continuation patterns to filter out false signals.
Table Display: These tables display pattern counts, allowing traders to assess the frequency and significance of various candlestick formations quickly.
Alert Configurations: Set custom alerts for specific patterns to stay informed about potential trading opportunities.
Story of Candlestick Pattern:
Candlestick patterns have a rich history rooted in ancient Japanese trading practices dating back to the 17th century. They were first developed by rice traders to visualize price movements and detect patterns reflecting market psychology. The logic behind candlestick patterns lies in the emotions driving market participants—fear, greed, uncertainty, and hope—captured through the open, high, low, and close prices.
Each pattern tells a story about buyers' and sellers' behavior, illustrating shifts in sentiment that can signal reversals or continuations in the market trend. By recognizing these patterns, traders can anticipate potential price movements and make informed decisions. The longevity and continued relevance of candlestick analysis highlight its effectiveness in understanding market dynamics.
🔓 Unlock Access
Check out the Author's Instructions or Dm me to Access the full version of the candlestick analysis with TechniTrend: Candle Pattern Detector (CPD).
Daily Engulfing Pattern DetectorThis indicator identifies bullish and bearish engulfing patterns on daily timeframes.
A bullish engulfing pattern occurs when a green candle completely engulfs the previous red candle,
taking out its low and closing above both its open and close prices. This suggests a potential trend reversal from bearish to bullish.
A bearish engulfing pattern occurs when a red candle completely engulfs the previous green candle,
taking out its high and closing below both its open and close prices. This suggests a potential trend reversal from bullish to bearish.
Features:
- Works on daily timeframe by default (customizable)
- Displays visual markers: green triangles for bullish patterns, red triangles for bearish patterns
- Includes built-in alerts for both pattern types
Set up alerts by right-clicking the indicator and selecting "Create Alert"
FuTech V-Spike & V-HighlighterFuTech V-Spike & V-Highlighter
In the context of trading and technical analysis, this volume spike & volume highlighter indicator is the perfect indicator used to assess market activity and make informed trading decisions.
Let's Understand in brief as below :
1) Volume Spike :
A volume spike refers to a sudden, significant increase in trading volume compared to the average volume over a specific period.
This spike can indicate heightened interest in a particular security, often preceding price movements.
Traders may look for volume spikes as signals for potential buy or sell opportunities because they can suggest that a stock is experiencing increased activity, possibly due to news, earnings releases, or other catalysts.
Characteristics of a Volume Spike:
Assess the sudden increase in trading volume.
It Can occur in both upward and downward price movements.
Often compared to the average volume over a defined period (e.g., the last 20 days).
2) Volume Highlighter:
A volume highlighter emphasizes significant changes in trading volume on a price chart. This indicator typically uses color coding to highlight periods of high volume, making it easier for traders to identify volume spikes at a glance.
How this indicator works:
a) Volume Spike will calculate the highest volume spike as per the user defined threshold multiplier. (Multiplier = when volume exceeds a certain threshold)
b) The threshold Multiplier can be set based on a fixed number or as a multiple of the Exponential Moving Average volume. Volume Spike Multiplier default is 1.5, means the EMA volume should cross 1.5 times the user defined lookback period
c) The result is derived from the user defined lookback candles by using its EMA instead of SMA, which will give us more precise results.
d) By default, last 10 candles EMA average is used to calculate the Volume Spike but you can choose your lookback period as many days, weeks, months, years of your choice !
e) In Volume Spike -
- Green candle will show Yellow color Bar as Bullish sentiments, whereas
- Red candle will show Black Bar as Bearish sentiments.
f) Volume Highlighter will highlight the candles background if the highest volume is crossing as per the the user defined lookback period
g) Default Lookback period is 20, Color coding (e.g., Blue for bullish spikes, Red for bearish spikes) helps traders quickly assess the volume context.
h) Volume Highlighter plotting shapes and positions can be modified
Illustration:
From the Above pic,
If last Volume Spike is 10 lookback candles, Spike multiplier is 1.5 and Highlighter lookback candles is 20,
Then yellow candle means the spike in volume which is 1.5 times higher than the last 10 candles
Highlighting color defines the highest volumes trading from the last 20 candles which is either Blue (Bullish) or Red (Bearish) sentiments
Conclusion :
Using FuTech V-Spike & V-Highlighter indicator - will help traders identify potential trading opportunities and better understand market dynamics.
By analyzing volume in conjunction with price movements, traders can make more informed decisions based on market sentiment.
Thank you !
Jai Swaminarayan Dasna Das !
He Hari ! Bas Ek Tu Raji Tha !
SMT Divergences [OutOfOptions]Smart Money Technique (SMT) Divergence is designed to identify discrepancies between correlated assets within the same timeframe. It occurs when two related assets exhibit opposing signals, such as one forming a higher low while the other forms a lower low. This technique is particularly useful for anticipating market shifts or reversals before they become evident through other Premium Discount (PD) Arrays.
This indicator works by identifying the highs and lows that have formed for an asset on the current chart and the correlated symbol defined in the settings. Once a pivot on either asset is formed, it checks if the pivot has taken liquidity as identified by the previous pivot in the same direction (i.e., a new high taking out a previous high). If this is the case and the corresponding asset has not taken a similar pivot, the condition is determined to be a potential valid divergence. The indicator will then filter out SMTs formed by adjacent candles, requiring at least one candle difference between the candles forming the SMT.
If the “Candle Direction Validation” setting is enabled, the indicator will further check both assets to ensure that for bullish SMTs, the last high on both assets was formed by down candle, and for bearish SMTs, the low was formed by an up candle. This check can often eliminate low-probability SMTs that are frequently broken.
The referenced chart shows divergence between Nasdaq (NQ) and S&P 500 (ES) futures, which are normally closely correlated assets that move in the same direction. The lines shown represent bullish and bearish divergences between the two when they are formed. As you can see from the chart, SMT Divergences may not always indicate a reversal, or a reversal might be just a short-term retrace. Therefore, SMT Divergences should not be used independently. However, in conjunction with other PD arrays, they can provide strong confirmation of a change in market direction.
Configurability:
Pivot strength - Indicates how many bars to the left/right of a high for pivot to be considered, recommended to keep at 1 for maximum detection speed
Candle Direction Validation - Additional SMT validation to filter out weak/low-probability SMTs be examining candle direction
Line Styling for Bullish/Bearish SMTs - Ability to customize line style, color & width for bullish/bearish SMTs
Label Control - Whether or not to show SMT label and if shown what font size & color should be used
What makes this indicator different:
Unlike other SMT indicators, this indicators has additional built-in controls to remove low-probability SMTs
Time Based 3 Candle Model CRT FrameworkThe 3 Candle Model Overview:
The 3 Candle Model serves as a sophisticated framework for traders to navigate the complexities of financial markets, particularly within futures and forex trading. This guide not only elaborates on the model's key features but also emphasizes its originality and practical usefulness in the TradingView community. The core principle of the 3 Candle Model revolves around understanding how candle patterns can represent significant price ranges, offering valuable insights into potential market movements. By integrating the model with other critical trading concepts such as the Power of Three (PO3), Open-High-Low-Close (OHLC), and Turtle Soup setups, traders can enhance their ability to identify high-probability trades and achieve better trading outcomes.
Indicator includes:
3 Customizable Timeframe choices to fractally frame 3 candle models for precision
Live Timers for each timeframe to always be aware of the models timing
Parent Candle tracking on every preffered timeframe until new models parent candle is printed
Key Features of the 3 Candle Model
The 3 Candle Model primarily utilizes a three-candle structure, where the first candle establishes a price range, the second candle may act as a confirmation (often termed a "turtle soup"), and the third candle provides the breakout or continuation. This structure is pivotal in determining entry and exit points for trades, ensuring that each trading decision is backed by solid price action analysis.
OHLC Principle:
The Open-High-Low-Close (OHLC) concept is integral to the 3 Candle Model, allowing traders to analyze price action more effectively. Understanding the relationship between these four price points helps traders gauge market sentiment and potential reversals. By incorporating OHLC into the model, traders can develop a deeper understanding of market structure and its implications for future price movements.
Delivery States:
The 3 Candle Model emphasizes the importance of delivery states, which refer to the market's phase during specific time frames. Recognizing these states aids traders in determining the appropriate conditions for entering trades, particularly when combined with the power of three and candle range patterns. This understanding is crucial for positioning trades in alignment with market momentum.
High Probability Setups:
By aligning the 3 Candle Model with inside bar setups, traders can optimize their strategies for high-probability outcomes. This approach capitalizes on the inherent fractal nature of price movements, where previous patterns repeat at different scales. The combination of the model and inside bar setups enhances the trader's toolkit, allowing for more strategic trade placements.
Turtle Soup Formation:
The 3 Candle Model intricately connects with the Turtle Soup concept, which focuses on false breakouts. Identifying these formations at critical levels enhances the trader's ability to anticipate reversals or continuation patterns. The timing of these setups, particularly during specified times like 3:00 AM, 6:00 AM, 9:00 AM, and 1:00 PM, is crucial for maximizing trade success.
Using the 3 Candle Model in Trading
Integration with PO3:
The Power of Three (PO3) is a fundamental aspect of the 3 Candle Model that emphasizes the significance of three distinct stages of price delivery. Traders can leverage this principle by observing the initial range, confirming patterns, and executing trades during the third phase, leading to higher risk-to-reward ratios. This three-stage approach enhances a trader's ability to make informed decisions based on market behavior.
Targeting Midpoints:
Successful application of the 3 Candle Model involves targeting the midpoints of identified ranges. This practice not only provides strategic entry points but also enhances the probability of reaching desired profit levels. By targeting these midpoints, traders can refine their exit strategies and manage risk more effectively.
Aligning with Market Timing:
Timing is everything in trading. By synchronizing the 3 Candle Model setups with the aforementioned key timeframes, traders can better position themselves to exploit market dynamics. This alignment also facilitates the identification of high-quality trades that exhibit strong potential for profitability.
Prioritizing A+ Setups:
By focusing on the 3 Candle Model and its associated concepts, traders can prioritize A+ setups that exhibit a strong alignment of factors. This methodical approach enhances the quality of trades taken, leading to improved overall performance. By cultivating a strategy centered on high-probability setups, traders can maximize their return on investment.
Ensuring Originality and Usefulness
To meet the TradingView community guidelines, it is essential that this script is both original and useful. The 3 Candle Model, in its essence, is designed to provide traders with a unique perspective on market movements, free from generic or rehashed strategies. This tool integrates unique interpretations of the three-candle model and the associated strategies that are distinctly articulated and innovative.
Practical Applications: there are many practical applications of the 3 Candle Model in various trading contexts. This model in conjunction with other strategies to cultivate high-probability trade setups that can enhance performance across diverse market conditions.
Educational Value: This script is crafted with educational value in mind, providing insights that extend beyond mere trading signals. It encourages users to develop a deeper understanding of market mechanics and the interplay between price action, time, and trader psychology.
Conclusion
The 3 Candle Model provides a comprehensive framework for traders to enhance their trading strategies in the futures and forex markets. By understanding and applying the principles of this model alongside the Power of Three, OHLC concepts, and Turtle Soup formations, traders can significantly improve their ability to identify high-probability trades. The emphasis on timing, delivery states, and alignment of ranges ensures that traders are well-equipped to navigate the complexities of market movements, ultimately leading to more consistent and rewarding trading outcomes.
As trading involves risk, it is essential for traders to utilize these principles judiciously and maintain a disciplined approach to their trading strategies. By adhering to the TradingView community guidelines and emphasizing originality, usefulness, and detailed descriptions, this 3 Candle Model script stands as a valuable resource for traders seeking to refine their skills and achieve greater success in the financial markets.
Through this detailed exploration of the 3 Candle Model, traders will not only learn to recognize and exploit key patterns in price action but also appreciate the interconnectedness of various trading strategies that can significantly enhance their performance and profitability.
Trend Strength After Reversal
This indicator measures trend strength after the reversal.
It can catch early reversal based on engulfing candlestick pattern or just the regular reversal.
Every reversal have to be confirmed by a close above reversal pattern.
Trend strength is measured by counting subsequent closing confirming the reversal
Engulfing Reversal Market PhaseStay at the right side of the market.
This indicator detects bullish and bearish phase in the market based on recent reversal.
It is designed to help filter your trades.
Open only long trades if indicator shows green and open only short trades when indicator shows red.
This indicator will detect bullish and bearish engulfing reversal pattern on the chart.
Bullish engulfing occurs when current candle closes below the bars that created the high.
Bearish engulfing occurs when current candle closes below the bars that created the high.
The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern.
The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
LIT_Globas_sys - Liquidity Inducement Theorem (SMC, IDM)LIT_GLOBAL_SYS Trading Tool Documentation, is a comprehensive market analysis tool that includes all components needed for trading according to Liquidity Inducement Theorem (LIT). LIT differs from classical trading methods and is considered a highly effective and profitable strategy.
What can LIT_GLOBAL_SYS do?
--- Market Structure
The main feature of Liquidity Inducement Theorem is building the correct structure, specifically construction taking into account inducement (IDM). Thus, a new HH or LL can only form when the price has taken the first correct pullback - inducement (IDM), and after this, we understand the location of BoS (break of structure) and CHoCH (change of character).
LIT_GLOBAL_SYS automatically and perfectly displays the correct structure following all LIT rules. Looking at the indicator, a trader always understands which range the price is currently in and where it's trending at the moment. The indicator also shows dynamic (live) levels, providing a clear understanding of the market structure in real-time.
The indicator settings allow customization of each structural element according to trader preferences. For example, you can change the style, color, and shape of structural objects.
--- Correct Pullbacks and Inside Bars
In Liquidity Inducement Theorem, correct pullbacks are fundamental. The structure, order blocks, liquidity levels, order flow, and single candle order blocks (CSOB) are all built based on pullbacks.
What is a pullback?
- When the next candle updates the low of the previous candle, we can finish drawing an upward pullback
- We can start drawing a downward correct pullback when the next candle updates the low of the previous candle
- The downward movement will continue until the opposite occurs - updating the high of the previous candle
There are complexities in determining pullbacks - these are inside bars. In Liquidity Inducement Theorem, inside bars are completely ignored!
For example, in an upward movement, at some point, candles may stop updating the high and low of the previous candle and remain within the boundaries of the previous candle. Theoretically, there could be any number of such candles from 1 to infinity. In such cases, it's important to wait for the price to exit the mother candle (the candle after which other candles remained within its high and low range).
LIT_GLOBAL_SYS easily handles this and displays both pullbacks and inside bars correctly.
--- Order Blocks and Fair Value Gaps (FVG)
In Liquidity Inducement Theorem, order blocks are defined differently from classical order blocks:
1. The order block must take liquidity from the previous candle
2. The order block must have Fair Value Gaps (FVG) before it
3. Inside bars are completely ignored for both Order Blocks and FVG
4. If an OB fulfills the first condition (taking liquidity from the previous candle) but doesn't have FVG before it, this block is moved forward along the candles until there is an imbalance before it
There are two most important order blocks in LIT strategy:
1. Inducement order block (idm ob) - the first order block after Inducement
2. Extreme order block (Ext ob) - the first order block before CHoCH
LIT_GLOBAL_SYS perfectly displays correct order blocks and Fair Value Gaps following all rules. It offers full customization options:
- Specify the number of displayed OBs
- Disable all order blocks except idm ob and Ext ob
- Change block frame color and style
- Disable or modify text display in blocks
--- Single Candle Order Block (Scob)
Rules for building Scob:
1. The candle takes liquidity from the previous candle and closes within the body of the previous candle
2. The candle following the Scob candle must close its body below the previous candle
3. Scob forms in continuation of the trend movement
4. Scob completely ignores inside bars
LIT_GLOBAL_SYS accurately displays Scob as triangles and fully ignores inside bars both left and right. The menu allows complete customization of display and quantity of displayed Scobs.
--- Liquidity Lines, Order Flow, and Three-Minute Rule
Auxiliary functions include:
- Liquidity Lines -
Each pullback is marked with a line, showing where unclosed liquidity exists. Completed lines can be hidden to help predict price movement and enter trades correctly.
- Order Flow -
The indicator implements order flow by drawing a line when a pullback is broken (closed by body) in the opposite direction until the second touch. If price moves away without a second touch, the line remains, showing unclosed OF and potential price return zones.
- Three-Minute Rule -
Some LIT traders use the three-minute rule: price manipulations in the last and first three minutes of each 15-minute candle are additional entry factors, especially in the last quarter of an hourly candle. LIT_GLOBAL_SYS displays this rule only on the one-minute timeframe with symbols below for M15 and H1.
--- Trading Sessions, PDH/PDL, and EMA
The system includes:
- Trading sessions (Tokyo, Frankfurt, London, New York) with customizable time settings
- Previous Day High and Previous Day Low (pdh/pdl) levels
- Exponential Moving Average (EMA) with adjustable length
- Equilibrium display between current BoS and CHoCH levels
--- Alert System
LIT_GLOBAL_SYS includes all necessary alerts for Liquidity Inducement Theorem:
1. SCOB
2. EMA
3. BoS, ChoCh, Sweep
4. IDM
5. IDM OB and Ext OB
Users can simply check the desired alerts in the menu and activate them to receive notifications when price reaches specified zones.
CRT candles Multi-Timeframe Intrabar(open Source ) # CRT candles Multi-Timeframe Intrabar Indicator( open source )
This advanced indicator visualizes Candle Range Theory (CRT) across multiple timeframes, providing traders with a comprehensive view of market structure and potential high-probability setups.
## Key Features:
- Supports 7 timeframes: 30 minutes, 1 hour, 2 hours, 4 hours, daily, weekly, and monthly
- Customizable color schemes for each timeframe
- Options to display mid-level (50%) lines for each range
- Bullish and bearish touch detection with customizable label display
- End-of-line labels for easy identification of CRT levels
- Flexible alert system for touch detections on each timeframe
- Adjustable minimum and maximum bar count for range validity
- Options for wick touch and body touch detection
## How It Works:
The indicator plots CRT ranges for each selected timeframe, identifying potential accumulation, manipulation, and distribution phases. It detects when price touches these levels, providing visual cues and optional alerts for potential trade setups.
snapshot
## Customization:
Users can fine-tune the indicator's appearance and functionality through various input options, including:
- Toggling timeframes on/off
snapshot
- Adjusting colors for range lines and mid-levels
- Controlling label display and count
- Setting alert preferences
- Adjusting line widths and label offsets
## Usage:
This indicator is designed for traders familiar with Candle Range Theory and multi-timeframe analysis. It can be used to identify potential entry and exit points, confirm trends, and spot potential reversals across different timeframes.
## Note:
This indicator is for educational and informational purposes only. Always combine with other forms of analysis and proper risk management when making trading decisions.
## Credits:
Inspired by Romeo's Candle Range Theory and developed to provide a comprehensive multi-timeframe analysis tool.
Options Series - Index Analysis [MasterPiece]
Powerful Insights 🚀:
This script utilizes multiple technical indicators to provide a comprehensive view of stock trends, which increases the reliability of trading signals.
This script also designed to perform index and stock analysis by comparing price movements to moving averages (MA20) and volume-weighted average price (VWAP).
By analyzing a set of top-weighted stocks within an index, the script offers a macro-level view while also delivering stock-specific insights. This dual focus enhances its utility for traders who need to understand both individual stock movements and broader market dynamics.
⭐ Originality: The script presents a unique fusion of multiple indicators with a data-driven approach to analyzing top-weighted stocks in major indices like Nifty and BankNifty. The integration of widely-used technical analysis tools, such as exponential and simple moving averages (EMA, SMA), volume-weighted average price (VWAP), and volume-body size comparisons, offers a holistic framework for traders. By focusing on the top five stocks in the indices, it leverages weightage-based performance analysis, adding a strategic dimension to index trading. This approach not only evaluates individual stock performance but also synthesizes broader market trends.
⭐ Usefulness: This script serves traders who seek a multi-dimensional method for analyzing both index and stock performance. Its key features include:
Bullish and Bearish Signals: The relationship between price, moving averages (MA20), and VWAP identifies directional trends, generating buy/sell signals for both individual stocks and the overall index.
Volume and Candle Body Analysis: By comparing candle body size with volume, the script provides deeper insights into trend strength and market conviction. This allows traders to gauge whether price movements are supported by sufficient trading volume.
Customization: Users have the flexibility to input specific index and stock symbols, making the script adaptable for different markets and instruments beyond just Nifty and BankNifty.
Signal Overlay: The ability to overlay bar color and volume signals directly on the price chart ensures better trend visualization, offering clear and immediate visual cues for potential trading setups.
⭐ Justification for Mashup: The combination of multiple indicators is logical and complementary. Each component serves a distinct purpose that enhances the overall system:
Trend Identification: Moving averages and VWAP provide insights into short and long-term trends, giving traders a reliable baseline for price direction.
Conviction: The inclusion of volume and candle body size comparisons gives additional weight to price action, allowing traders to confirm whether a trend is backed by meaningful market activity.
⭐ Color Customization for Enhanced Visualization:
The script defines custom colors for various conditions and candles, improving clarity for bullish and bearish trends.
Green for Bullish: Dark green for regular bullish candles, and fluorescent green for stronger bullish signals.
Red for Bearish: Dark red for regular bearish candles, and fluorescent red for stronger bearish signals.
Neutral Conditions: Fluorescent yellow is used for neutral conditions.
⭐ Index and Top Stocks Analysis:
This section analyzes top-weighted stocks for indices ( NSE:NIFTY and NSE:BANKNIFTY ), with NSE:BANKNIFTY being used as the default.
Top Stocks for NSE:NIFTY : HDFCBANK, ICICIBANK, RELIANCE, INFY, ITC.
Top Stocks for NSE:BANKNIFTY : HDFCBANK, ICICIBANK, KOTAKBANK, AXISBANK, SBIN.
Customizable Input: Users can modify the index and stock symbols via input.symbol.
⭐ Signal Generation Based on MA20 and VWAP:
The conditions for bullish or bearish signals are based on the relationship between the stock's close price, MA20, and VWAP.
Bullish Signal: Close price greater than both MA20 and VWAP.
Bearish Signal: Close price less than both MA20 and VWAP.
⭐ Volume Bar Signal for Market Activity:
The script analyzes candle body size and volume to detect significant market movements.
Body Size and Volume Comparison: It checks if the current candle’s body size or volume is greater than the moving average of body size or volume over the past 74 bars.
Green Candle (GC) and Red Candle (RC): Boolean conditions to track whether the close price is higher or lower than the open price.
⭐ Average Signals for Strong Trends:
The script calculates average bullish or bearish signals based on the majority of candles being green or red and significant body size or volume.
Bullish Average Signal: At least 4 out of 6 stocks exhibit bullish conditions (green candles, large bodies, or high volume).
Bearish Average Signal: Similar logic for bearish signals with red candles.
⭐ Overlay of Volume Bar Signals:
The plotshape function overlays the bullish and bearish volume bar signals on the chart, using color and shape to indicate trend changes.
🚀 Conclusion:
This Pine Script code provides a robust framework for index analysis based on top 5 weighted stocks, using two primary indicators—MA20 (20-period Moving Average) and VWAP (Volume Weighted Average Price).
Market Bias Identification: The script identifies bullish and bearish conditions for each stock based on whether the close price is above or below MA20 and VWAP.
Volume and Body Size Comparison: It checks if the current candle’s body size or volume exceeds the average to determine significant market moves.
Visualization with Color & Signals: It overlays color signals for bullish (fluorescent green) and bearish (fluorescent red) markets and provides triangle markers for strong volume-based signals.
Top Stock Analysis: The script provides analysis of top five weighted stocks in the selected index, enhancing precision for broader index analysis.
Candle Average Price FinderDescription
The Candle Average Price Finder is a selection tool designed to calculate the average price of a specified candle source within a user-defined range. By placing two anchor points on the chart, users can select a specific range of candles. The tool then computes the average of the chosen candle source—whether it's the open, close, high, or low price—over the selected range.
For example, if the candle open source is selected, the tool will calculate the average of all the open prices between the two anchor points. Once the calculation is complete, a horizontal line representing the average price is drawn. This line remains visible on the chart, providing a reference for the calculated value.
The tool allows for flexible analysis across different candle sources, making it adaptable to various charting needs. It offers a clear visual representation of the calculated average to assist users in reviewing price data within the specified range.
How to use
- Place two anchor points on the chart to define the start and end of the desired area.
- In the settings, select the candle source (e.g., open, close, high, or low) to be used for the calculation.
Indicator in use
Options Series - NonOverlay_Technical
⭐ 1. Purpose:
The script is designed to show technical indicators in a non-overlay form using candlestick representations. It combines multiple popular technical analysis tools to gauge the market's bullish or bearish conditions.
⭐ 2. Indicators:
The script uses several indicators across different timeframes: Exponential Moving Averages (EMA) for 5, 20, 50 periods. Simple Moving Average (SMA) for 200 periods. RSI (Relative Strength Index) for momentum. VWAP (Volume Weighted Average Price) for average price evaluation. PSAR (Parabolic SAR) for trend direction. Daily and multi-day (2-day and 3-day) data for broader market context.
⭐ 3. Candlestick Representation:
The script uses color-coded candlesticks to visually represent various indicators and their bullish/bearish states: Green candlesticks for bullish conditions. Red candlesticks for bearish conditions. Neutral/transparent for non-significant conditions.
⭐ 4. Important Conditions:
It calculates bullish and bearish conditions for each indicator: MA20: When the price is above or below the 20-period EMA. RSI: When RSI is above or below 50. VWAP: When the price is above or below the VWAP. PSAR: When the price is above or below the PSAR. 2-day and 3-day Moving Averages: Evaluating the broader trend.
⭐ 5. Bullish vs. Bearish Calculation:
The script sums up bullish and bearish signals to determine the overall market condition: Current_logical_bull: Counts the number of bullish indicators. Current_logical_bear: Counts the number of bearish indicators. The script compares these values to conclude whether the market is more bullish or bearish.
⭐ 6. Visual Plotting:
The script uses plotcandle to display the non-overlay signals at different levels for each condition, stacked vertically from MA20 to PSAR. Additionally, a master candle combines all indicators to show an overall market trend.
⭐ 7. Neon Effect on MA20:
It adds a neon-like effect to the MA20 line, making it visually prominent: A standard plot line with the base color. Two additional neon layers with increasing transparency to enhance the effect.
⭐ 8. Daily Timeframes and Lookahead:
The script fetches daily data using the lookahead feature to get a broader view of the market trend. It tracks the previous day’s and two days' data for comparison.
⭐ 9. Labels and Customization:
The script dynamically adds labels to the chart for the different plotted indicators at the last bar, making it easier to identify which indicator is being represented.
🚀 Conclusion:
The script combines multiple technical indicators, such as EMA, RSI, VWAP, PSAR, and multi-day moving averages, to visually assess bullish and bearish market conditions. It uses color-coded candlesticks to represent each indicator and sums up the signals to determine the overall trend.
Wick/Tail Candle MeasurementsThis indicator runs on trading view. It was programmed with pine script v5.
Once the indicator is running you can scroll your chart to any year or date on the chart, then for the input select the date your interested in knowing the length of the tails and wicks from a bar and their lengths are measured in points.
To move the measurement, you can select the vertical bar built into the indicator AFTER clicking the green label and moving it around using the vertical bar *only*. You must click the vertical bar in the middle of the label to move the indicator calculation to another bar. You can also just select the date using the input as mentioned. This indicator calculates just one bar at a time.
measurements are from bar OPEN to bar HIGH for measured WICKS regardless of the bar being long or short and from bar OPEN to bar LOW for measured TAILS also regardless of the bar being long or short.
This indicator calculates tails and wicks including the bar body in the calculations. Basically showing you how much the market moved in a certain direction for the entire duration of that Doji candle.
Its designed to measure completed bars on the daily futures charts. (Dow Jones, ES&P500, Nasdaq, Russell 2000, etc) Although it may work well on other markets. The indicator could easily be tweaked in order to work well with other markets. It is not designed for forex markets currently.
