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...
This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. This indicator by its very nature backpaints by default, meaning that the displayed components are...
Hello Traders, This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume. The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative...
This draws a label to alert user when a higher timeframe candle closes on a intraday chart. Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
Hello Everyone Its indicator Basically base on Candle (Bar) How to working its indicator? Condition: if Close equal Low and next bar Open equal Low when plot Bar High and Low line if bar high line Breakout when Long Signal and if Bar Low line Breakout When Short Signal Indicator Feature ➤ Long Side Signal With Alerts ➤ Short Side Signal With Alerts ➤ Long...
Using PB Candlestick Patterns, you can automatically identify 1 and 2 candlesticks patterns to help determine the current trend The signals appear in Red and Green to denote for bearish (Red) bullish (Green). This indicator automatically displays the following patterns on the chart. Harami Harami Cross Morning Star Engulfing Hammer Gravestone Piercing Line This...
This indicator is very simple, but surprisingly effective, and I haven't found any mention of something similar, so here it is. I hope it helps you in your stock trading. Someone made a comment in a trading room that the 8 am candle of the stock looked odd, so I quickly checked all the other stocks I had on my screen, and for all of them, the 8 am candle was...
SCMB Multialerts is a tool for candle structure alert automation. The input screen allows you to input the timeframe, choose candle structure condition, toggle inverse condition, and toggle Heiken-Ashi for that candle structure trigger condition. Input the timeframe with the # first and use H - Hour, D - Day, W - Week, and M - Month after the number; example...
A piercing pattern is known in technical analysis to be a potential signal for a bullish reversal. The formation in its strictest form is rather rare, but tends to perform better the longer the downtrend in front of it. When technical studies such as RSI, Stochastic or MACD are showing a bullish divergence at the same time a piercing pattern appears, it...
This code is just a combination of all TradingView's Candlestick Pattern. I mix all the TV Candlestick Patterns Indicator from the TradingView in Indicator.
I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming...
My script builds upon another user-submitted script by rebuilding the logic used to identify candlestick patterns. The logic in my script is a mix of strict and lax guidelines to mitigate false flags and present valid buy and sell signals. -To use this indicator, simply add it to any chart. It will identify trends on any time frame although the lower you go, the...
This simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This...