CANDLES COLORED GREEN OR RED ACCORDING TO BUY & SELL PRESSURE
This indicator paints each candle green, red or blue depending on whether the buy/sell pressure for that candle is bullish, bearish or neutral.
***TURN OFF NORMAL CANDLE COLORS***
For this script to show properly on the chart, make sure you go to chart settings(gear icon in top right corner) and in...
Hi Traders, and welcome to Smart Patterns.
Patterns can be very profitable, yet hard to trade, even when combined with other indicators and techniques. This script aims to increase the accuracy of signals by adding a statistical approach to candle patterns, along with tools to filter them.
For example, if the Success Rate is above a certain threshold, it means...
This script highlights modified version of evening and morning star candlestick patterns. Volume has also been added in the script to create convergence of volume with price action.
It is recommended to use these patterns for positional trading. It is advised to use
Morning star at the bottom of the downtrend
Evening star at the top of the uptrend
Avoid...
OVERVIEW
The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature.
...
█ OVERVIEW
This indicator demonstrates how we can use Pine script for collecting data to study the market.
By building a statistical report based on the chart candlestick analysis, discover if there is an edge or not, when and where?
Compare it with a specific candlestick pattern and know how its behavior diverges. I have already covered some here .
I...
Wick play is a candle stick long setup popularized by 2020 US Investing Champion Oliver Kell
Wick Play is a setup in which:
Strong stock with momentum to the upside closes off the highs of the day in yesterdays session.
Today's session opens in the candle "wick" of yesterdays bar.
If stock holds in the wick and doesn't trade in the body of yesterdays...
This price action indicator uses the higher timeframe SSL channel to identify trends.
The long entry signal is a bullish candlestick pattern when the price retraces to EMA20 in an uptrend.
The short entry signal is a bearish candlestick pattern when the price retraces to the EMA20 in a downrend.
Currently, this indicator shows engulfing patterns, pin bar...
A simple indicator that calculates the sum of 'Up'(green), 'Down'(red), and 'Doji'(near Doji) candlesticks and portrays the same in an allocation format in percentage. And since it is allocation-based, the total will never exceed 100% of the defined Length period.
The equation is Green + Red + Doji = Total Candles; where total candles = length
When calculating...
This script simulates the TradingView's "Bar Replay" mode.
The "Bar Replay" mode works only for time-frames greater than daily in free accounts. By using this script, one can easily apply this mode on an arbitrary time-frame particularly in free accounts.
Note that to use it properly, one should turn off the main candlestick chart from symbol description tool...
The indicator is derived from the concept of Aurora Candles (Credit to RK Arora)
Description
The script instantly calculates and highlights the largest candle (from high to low) in a user specified lookback period. It then plots the expected support, resistance, supply and demand levels. When a larger candle is printed, it will immediately plot the new...
Hello Traders!
As a fan of Bulkowski, I figured I'd release this for everyone's benefit as well.
The legendary candlestick pattern expert, Thomas Bulkowski, has over 35 years of trading and analysis experience and is the absolute go-to expert when it comes to candlestick pattern identification.
Bulkowski Candlestick Percentages from his site and books.
Source:...
The UFX Buy Patern Must Consist of: \nRed - Blue - Green Bar \nor \nRed - Blue - Blue - Green Bar \nafter a decline in price action.
This indicator also shows Bullish Engulfing Pattern.
Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position.
Conditions used:
...
This indicator designed for 5min time-frame.
it detects a candlestick pattern in one hour time-frame and draw a channel based on the detected pattern, where two candles and are covered by the third one , in 5 min time-frame.
the bottom, middle and top of the channel are colored by green, gray and red respectively. this channel may help user to use it as a...
Momentum Indicator based on previous candle structure over past 40 periods
- Blue is momentum score
- Green = 15 ema
- Red = 50 sma
- orange = 100 sma
The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.
This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book.
The indicator does not suffer from repainting.
I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it.
Although the patterns have some statistical edge in the markets,...
![EURUSD: Candilator RSI [AstrideUnicorn]](https://s3.tradingview.com/a/aWwNQO7C_mid.png "Candilator RSI [AstrideUnicorn]")
![BTCPERP: Price Action [Morty]](https://s3.tradingview.com/a/A2XSWX5J_mid.png "Price Action [Morty]")
![NIFTY1!: [CP]Pivot Boss Candlestick Scanner - No Repainting](https://s3.tradingview.com/5/5mRYKWx5_mid.png "[CP]Pivot Boss Candlestick Scanner - No Repainting")
