Master/Followers: Master candle is defined as the start of a trend (bullish/bearish) and followed by a series of candles in the same direction (bullish/bearish) called followers.
Last/Reversals: Last candle is defined as the end of a trend (bullish/bearish) and followed by a series of candles in the opposite direction (bearish/bullish) called reversals.
This...
Indicator that shows buy/sell signals based on price action and volume as it relates to a double EMA. If the candle is above the double EMA, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the double EMA , we look for candles with a long bottom wick indicating buying pressure. The user defined parameters are the...
The script allows you to plot the opening, highest, lowest and closing (ohlc) values of a previous candle.
Settings :
- "Time Frame" : allows you to choose the reference time frame;
- "Offset" : sets which candle to select the data from.
Ex : If you select "1 day" as the time frame and "1" as the offset, the OHLC values of yesterday's daily candle will be...
The Alertion indicator!
impactful pattern:
pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price.
It is helpful for price action traders and those who want to decrease their risk.
There are 3 IP patterns:
Quasimodo
Head and shoulder
whipsaw engulfing
These patterns may occur near the zone or...
Bursa Strategy
This script is for a complete strategy to win maximum profit on trades whilst keeping losses at a minimum, using sound risk management at no greater than 1.5%
The 3x EMA Strategy uses the following parameters for trade activation and closure.
1/ Daily Time Frame for trend confirmation
2/ 4 Hourly Time Frame for trend confirmation
3/ 1 Hourly Time...
Simply Editable Strat Numbers.
Ones, Twos, Threes.
The only complicated part is the twos. You can edit the twos depending on if they are red or green candles and if they are up or down.
The purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles.
The arrows, and line can be turned on and off.
You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement.
The script will only alert if the reversal is a 2up red candle, a 2up...
Second time publishing since apparently not providing a detailed description violates house rules. Honestly a joke but we'll play along for now just to get this out. It's in the title... Candles. Basically calculates the candle to tell you what it is on the chart. Such as hammer, inverted hammer, hanging man etc. You could just add it and see what it does, would...
This script does the following
1. Identifies a BB Squeeze by turning the background green
2. Identifies if a price is above 9 sma h, sma 20 and vwap or otherwise through green and red diamonds at the bottom. Green is bullish. red is bearish
3. Identifies inside candles and basis previous patterns suggests long or short (L1, L2, S1, s2 etc)
4. Identifies long and...
This is a inside candle strategy based trading identifier. The basic idea is this
1. It will identify entry point if the previous candle was fully engulfed under the one previous
2. Then depending on the trend and your other indicators/thought process - you can take an entry
3. It is normally a good idea to keep the low of the bigger candle as your SL
Banknifty Brahmastra Indicator is a Basic Simulating Indicator.
This indicator is built for capturing trend using average to plot buy / sell signal on chart.
Banknifty Brahmastra Indicator integrates visual labels to easily interpret signal for common people.
This indicator is also provide simple color code while trend continuations into candle colour along...
This indicator is designed to be used with Market Profile / Volume Profile trading techniques on a 30min chart.
The halfback of a candle is the mid point between the high and the low of the candle. A halfback trade can be taken once price retraces into this point as support/resistance using the prevailing trend as your trade direction.
One-Time-Framing is a...
MultiOs is an oscillator that combines several widely used oscillators into one. In order to combine different oscillators, it is necessary to reduce them to a single scale. To do this we have developed a custom method based on z-scoring and adjusting by volatility .
The user can choose which of the oscillators from the list to combine into one. The combinations...
Order Blocks based on pivot reversal candle
When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle
You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes
How To Use:-
Pivot points often provide Support and...
█ Overview
Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays...
