Hi guys This script will help you to find Hammer candles and also Shooting star candles. These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal. I hope you find it helpful and enjoy it. Please leave your comments for improving this script.
This indicator identifies the following candle stick patterns: Bullish and Bearish Engulfing Hammer/Hanging Man, Shooting Star Tweezer Tops and Bottoms Doji Star Doji Gravestone Made for trading Forex Binary Options but can be used in any market. When the candlestick pattern emerges the script will label the pattern. A helpful visual tool for your...
This indicator provides a statistical report on the Inside Bar Failure candlestick pattern popularized by Trader Dante. Based on the chart's bars, it can improve your edge on any markets and timeframes. The Inside Bar Failure pattern refers to an Inside Bar breakout that failed to sustain momemtum and closed back within it. The report is broken down into the...
This indicator calculates the difference in percentage between lows and highs of a candle. The orange bars show the height of the candle body (open/close) and the red/green on top show the percentage of the wicks (high/low). This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto. It also shows the Simple...
This indicator provides a statistical report on the Double Inside Bar pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. A Double Inside Bar refers to a contraction where price is consolidating while making consecutive lower highs and a higher lows. The report is broken down into the different following sections: ...
This indicator provides a statistical report on the Inside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. The Inside Bar pattern refers to a candle that makes a lower high and a higher low. The report is broken down into the different following sections: retracement , invalidation , continuation...
Most Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer...
This indicator provides a statistical report on the Outside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. Knowing there are many definitions about the Outside Bar pattern, here we're strictly referring to one bar's extremes beyond one other. The report is broken down into the different following...
This indicator provides a statistical report on the Engulfing candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. Knowing there are many definitions about the Engulfing pattern, here we're strictly referring to one bar's body that get engulfed by one other. The report is broken down into the different...
Lite version of the original Trendy Bar Trend Color This will only color the candlestick body of your chart Can be used with solid, hollow, renko, or any other chart type Custom coloring for Highs, Lows, and consolidation is removed
A bull flag is essentially a small consolidation near the top of an upthrust. If we picture it as a candlestick pattern, it should have a big green candlestick + a small body red/green candle near the top of the top big green candle. This script essentially help you identify these.
Simplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures. Green/Red Volume Bars can be misleading at times This indicator shows the net bull/bear power Recommended to be used in combination with indicators to find reversal signals. For...
Level: 3 Background Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart? Function L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key...
A lot of people get freaked out by outside reversal Days in the market like what we had yesterday. "I think a great learning tool would be an indicator that highlights on the chart any outside reversal bar" Rules: both the high and the low is higher than the previous day the low of the day is in the bottom 1/3 of the price range the volume is higher than...
Hey this is my second script. This a combination of Bollinger Bands and detection of Engulfing Candles. This study also filters out and displays Bull, Bear, and False signals, using the long term 200 EMA Trend. Let me know what you think!
In the book, The New Technical Trader by Tushar Chande and Stanley Kroll there is a part that talks about candlestick analysis and how the wicks play a role on how the price will behave. When wick lengths increase then there could be uncertainty. Weakening of support and resistance levels can also be seen by the size of the candlestick wicks or shadows. Shoutouts...
Level: 2 Background Japanese candlesticks provide more detailed and accurate information about price movements compared to bar charts. They provide a graphical representation of the supply and demand behind the price promotions for each period. Each candlestick contains a central part that indicates the distance between the opening and closing of the security...
The reversal closing price (RCP) is a candlestick pattern which follows two simples rules: the low price of current candle needs to be lower than the low price of the last 2 candles the closing price of current candle needes to be higher than the closing price of the last candle This generates a signal for a long position. For a short position, the...