I created this Indicator for all chart lovers. This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze...
This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart. Options available for trend detection, lookback period, and selecting candle pattern. Please...
The Instantaneous Phase Dominant Cycle was created by John Ehlers (Stocks & Commodities V. 18:3 (16-27)) and this is one of many similar indicators that I will be publishing from Ehlers in the next few months that calculate the current dominant cycle period. The cycle period can be used in multiple ways but generally this means that if the stock is currently at a...
This script will plot labels based on N number of continuous green candle with +ve % change.
This script matches a Trigram for the current candle from its pattern Bullish/Bearish: Marubozu, Hammer, Inverted Hammer, Spinning Top. The source for Trigram to candlestick pattern can be found online. I'm missing the reputation to add the link here. Heaven = Bearish Marubozu Earth = Bullish Marubozu Thunder = Bearish Spinning Top Water = Bullish Inverted...
We have the candles here: Zigzag-Candles Lets create moving average!! Just simple moving average at the moment. Since, items are in array. Not so easy to use standard functions of pine. Hence, will take that for future enhancements. ATR and Supertrend next!!
Can't deny that I am obsessed with zigzags. Been doing some crazy experiments with it and have many more in pipeline. I believe zigzag can be used to derive better trend following methods. Here is an attempt to visualize zigzag as candlesticks. Next steps probably to derive moving average, atr (although there was an attempt of AZR made earlier) and probably...
LebahFX Indicator that showing Accumulation and Distribution Signal in HTF Candlestick
First, you have to know price action, RTM price action Handbook could help you this indicator shows you base and momentum candles base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones. Base candles are white in the chart, and you can place your order at the good...
This indicator allows you to filter noisy chart, with engulfing candles which have been rejected from current trend lines. Trend lines by default are 21 MA (fast) and 10 MA (slow one). If fast moving average is greater than slower one, automatically indicator would represent that like uptrend, and if opposite then like a downtrend. Consider to work only on...
Idea The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit! Method We let the market first create a fractal We then let the market create an opposite fractal We then let the market break the first fractal it created, thereby trapping lots of trades in the process ...
This script is based on Trading Rule #19 from Chester Keltner's book How To Make Money On Commodities. It is best applied to candlestick charts with longer time frames and plans with minimal losses (i.e. swing trades). The rule is based on "Key" trend days (this is applied to daily charts in the book). An initial Key-Up day is established on the third day of 3...
This script shows weekly expiry candle on daily chart. In weekly expiry, week starts on Friday and end on next Thursday. How the candle is constructed: Open= Open price of Friday, if Friday is a holiday, next available open price High= Highest high price of Friday, Monday, Tuesday, Wednesday, Thursday Low= Lowest low price of Friday, Monday, Tuesday, Wednesday,...
Marubozus are an interesting candle pattern wherein the close and open of the candle are also the high / low points of the candle. In other words, a candle with no shadows or wicks. How reliable are they, though? Probably not very reliable on their own. It may also depend on the size of the candle. You would probably want to incorporate this candle pattern with...
This indicator repaints the candles so that every candle's open price is the previous candle's close price. This helps visualize stocks and ETFs that have big gaps, usually between trading days. You should hide visibility of the ticker for this to be displayed properly.
This strategy analyzes the three and four-bar play which is when price action has a wide igniting bar that has a full body, then one or two narrow bars which have a relatively equal high for long plays and relatively equal low for short plays, then a continuation bar. You should not take plays that will encounter resistance. The stop loss is placed for long plays...
This indicator shows the three and four-bar play which is when price action has a wide igniting bar that has a full body, then one or two narrow bars which have a relatively equal high for long plays and relatively equal low for short plays, then a continuation bar. You should not take plays that will encounter resistance. Jared Wesley is one of the more notable...