Displays candles which have volume larger than the volume moving average (14-bars). Red is for down candles and Green is for up candles, works best on a light background.
This is an original script based on a very old idea called the Benner Theory from the Civil War times. Benner discovered a pattern in pig iron prices (no clue what those are), and this turned out to be a parallel idea to indicators based on Fibonacci numbers. Because a year is 365 days (nearly 377, which is a Fibonacci number), made up of 52 weeks (nearly 55,...
The Inside Candle strategy is a popular price action trading strategy that can be used to trade in a variety of markets. Here's how you can trade the Inside Candle strategy using the Pine script code provided: 1. Identify an Inside Candle: Look for a candlestick pattern where the current candle is completely engulfed within the previous candle's high and low....
Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
This Script Shows The OHLC Of The Higher Timeframe Candles In The Background Great For Not Losing Sight Of The Bigger Picture On The Lower Timeframe
█ Overview The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified...
█ Overview The Price Action Color Forecast Indicator , is an innovative trading tool that uses the power of historical price action and candlestick patterns to predict potential future market movements. By analyzing the colors of the candlesticks and identifying specific price action events, this indicator provides traders with valuable insights into future...
The indicator shows the true color of a bar based on the internal composition on 1 minute timeframe and the final outcome. It uses following parameters of 1minute and current timeframe inputs relative bar close, average volume vs current volume and finally the volume of internal candles. It follows following steps: First, it defines the arrays of high, low,...
FEATURES: - Detect a 2 or 3 consecutive candlestick pattern. Input the value into the first input value. - Choose the minimum and the maximum amount of pips of the candle that you want to detect. The indicator will detect candles within that pips range and highlight the consecutive pattern - Choose to not use the pips threshold. If disabled the indicator will...
Short Description: Identify and visualize 16 key candlestick patterns in real-time. Long Description: The Candlestick Pattern Detector is a powerful indicator designed to help traders identify and visualize 16 key candlestick patterns in real-time. This indicator overlays the identified patterns on the chart, making it easy for traders to spot potential trend...
This indicator is built to mesure the performance of a stock vs the index of choice. it is best use for the intraday session because it doesn't take gap into account when doing the calculation. This is how i made my math (using AAPL compared to SPY for simplicity) (change AAPL / ATR AAPL) - (change SPY / ATR SPY) * beta factor * volume factor change is calculated...
This code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style. The code imports an external script...
Acknowledgement This indicator is dedicated to my friend Alexandru who saved me from one of these liquidation raids which almost liquidated me. Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks. This inspired me to create this indicator. What's a Liquidation Wick? It's that fast stop-hunting wick that...
Understanding the Height of Candlestick Body Candlestick charts are a popular method of displaying price data in financial markets. They provide a visual representation of price movements and are used by traders to make informed decisions about buying and selling assets. Understanding the height of a candlestick body is an important aspect of technical analysis...
This script is a groundbreaking, math-centric technical analysis tool that blends two well-established indicators, the Stochastic Oscillator and the Exponential Moving Average (EMA), to deliver a unique and visually engaging way of identifying momentum swings and stochastic indicators. Unlike mashups, this script is tailored to accommodate a wide range of trading...
"ChArt Path" shows the same datas as the candles, but as a channel, instead of individual candles. It allows to focus on the direction of the price (instead of wondering the meaning of each candle), which hopefully simplifies the analysis, and reduces the confusion. Also, it is artistically customizable! A little time might be necessary to get used to this...
This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout...