This indicator will place long (buy) and short (sell) orders using the Ichimoku Tenkan Kijun Cross strategy. When in a trade position, it will create take profit levels using Fibonacci against the highest high or lowest low of the past 2 days. You can define your own level and set your own stop loss just in case. Senkou Span will act as your main bias. if the...
Discover the Power of Master Candle Trading with Our Indicator! 📈 What does it do? This indicator scans price action to identify 'Master Candle' formations, a powerful signal indicating potential trend continuations. A Master Candle occurs when the high and low of the next 4 candles are within the range of the previous candle, suggesting a period...
Introducing the Smart Money Concept Market Structure analysis indicator, a sophisticated tool designed to display the true market structure, in multiple timeframes. Inspired by Lewis Kelly's renowned strategy, this indicator offers a unique approach to defining market structure. It's worth noting that the Smart Money Concept Market Structure analysis indicator...
Flow of Trade | Supply & Demand Zones | Turtle Soup Reversal Pattern Detection (+) Built using Pine Script V5. Introduction The Flow of Trade indicator is a trading tool designed to leverage the principles of Supply and Demand, along with automatic “Turtle Soup” reversal pattern detection. This indicator is made for traders who aim to identify potential...
This indicator will simplify the price-action reading of any trader/investor by decluttering his/her charts from un-important & confusing candles to highlight the true momentum candles which are usually formed by institutional buying/selling . The indicator will be a good tool in the arsenal of the following styles of Trading/Investing Smart Money /...
Double Inside Bar Indicator Or Consecutive Inside Bar Highlighting This custom Pine Script indicator is crafted for traders who utilize the traditional Inside Bar . A Double Inside Bar is a more specific pattern, involving two consecutive bars that are both contained within the range of a preceding "mother bar". This script not only detects these patterns but...
The Global Liquidity Index (Candles) provides a comprehensive overview of major central bank balance sheets worldwide, presenting values converted to USD for consistency and comparability, following relevant forex rates. This indicator, based on the code developed by user ingeforberg , incorporates essential US accounts including the Treasury General Account...
This indicator is useful for whom trade with "Smart Money Concept (SMC)" strategy. It helps SMD traders to identify fake or weak zones in the chart, So they can avoid taking position in this zones. This indicator marks "Asia session" as well as "London and New York's Lunch Time (one hour before London and NY session starts)" zones. It also marks Inside Bar...
Contract Size Calculator - Overview Description: The "Contract Size Calculator" is an innovative Pine Script indicator designed for traders seeking to optimize their risk management through precise contract size calculations. This tool enables traders to define their risk amount in dollars and risk per point, which it then uses, in conjunction with market...
Volume Spread Analysis with Trend Direction is an indicator designed to Identify trend based volume spread. Volume Spread Trend This is a very simple yet powerful to identify Trend and corresponding volume Breakout. Unlike other Volume Indicators this indicator detects Breakout along with trend direction. One can detect the Early breakout in volume using...
Rules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low .. *** Candlestick we are looking for *** 1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer Rule for searching bullish candlestick ====> 1) searching for current day high and day low 2) looking for candlestick as...
█ OVERVIEW The indicator tracks when the weekly tops and bottoms occur and reports the statistics by the days of the week. █ CONCEPTS Not all the days of the week are equal, and the market dynamic can follow through or shift over the trading week. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being...
Wick Length Prediction is a Pine Script indicator crafted to empower traders by predicting the potential length and direction of the next candle's wick based on historical price action. By analyzing previous candles' wick sizes, this tool provides valuable foresight into future price dynamics, enhancing decision-making for traders. Key Features: Wick...
Based on analysis from @tedtalksmacro, I have put together a similar tool that helps to visualise whether institutions (Coinbase and Deribit) or native crypto whales (Binance and Bitfinex) are leading the BTC spot buying. This is plotted as the normalised relative difference (-1 and 1) between the average of Coinbase and Deribit spot price versus Binance and...
The indicator draws boxes when close to close returns are positive for at least a specified number of bars. The last bar is only included in the box (if positive) after the market is closed, to avoid false positives. The standard use (by William O'Neil) is on weekly charts, using at least five consecutive up bars to define a box (indicating strong institutional...
🔵 Introduction Truly, the title "TradingView" doesn't do justice to this excellent website, and that's why I've written about its crucial aspect. In this indicator, the identification of all candlesticks known as "Pin bars" is explored. These candlesticks include the following: - Hammer : A Pin bar formed at the end of a bearish trend, with its body being...
"Smart" Order Block Supply and Demand Indicator – a tool inspired by Smart Money Concepts and designed to complement your trading style. It's not about perfection, but rather about enhancing your trading insights and catching things you might have missed. Keep in mind that the structural representation here is subjective, just like many other indicators. It's...
█ Introduction The Liquidation Zone indicator is designed to identify key price ranges where significant market activity, such as the liquidation of positions, is likely to occur. These zones are identified based on a specific candlestick pattern, offering insights into potential areas of market sensitivity. █ Key Features: ► Specific Candlestick Pattern...