Liquidity engulfing candles (LEC) are a variant of a common candlestick pattern: engulfing candles but with a couple extra conditions applied. These conditions expect highs/lows to be taken out in order to show a continuation or reversal signal.
Filter 1: Stop Hunt Wick Filter
This filter requires the candle to wick into the prior candles high or low ( bullish =...
Strategy based off Heikin Ashi candles and their correlation to common Japanese candlesticks . This strategy will signal a trend change when a candlestick closes above/below the opening price of a Heikin Ashi candle of the opposite kind.
Support & Resistance levels are most important for a trader and TrendBars makes it super cool. Green bars shows the all well and Red bars you know what it means.
The script will draw the support and resistance blocks with prices on your graph and also HH, HL, LH, LL levels to keep you tuned on the road.
Diagonal Support and Resistance Trendlines with Trendbars...
Plots the live non-repainting candles for a higher time interval than the chart interval.
Configuration of the look and feel of the MTF candles.
Live candles update as the price action evolves for the session.
Historical candles can be toggled on/off.
Includes a moving average ribbon that is also MTF, matching the interval chosen.
Few Months ago I started wanted to code a candle which alerts me when a Rally may be over in Bearish Conditions and today I have created a candle which is 1. subjective but more importantly appears in areas where buying pressure is at either a climax or in the process of a decline and this is where the Rally Candle signals. This shows momentum may be shifting and...
Todays scripts is based on my Pullback And Rally Candles with other meaningful candles such as Hammers and Dojis.
You can choose which Candles to show on the cart and if you want to candles to appear above or below a moving average.
If you follow my work, you may recognise some of these candles which I'm about to show you however these candles are 1) more...
Rally Candle will signal when price is at the end of a Rally to the upside and thus entering a balance phase in the market (works on all markets)
This candle works very efficient when the market is either trending downwards or in range markets where price is at resistance. (i would avoid in uptrends but depends on the trader)
Also we can expect this candle to...
Hi everyone!, this Script is the first in my series of candlesticks indicators. Currently it supports only a few, but it´s quite strict about them, contrary to most scripts I do thorough calculations to avoid false signals, if you would like to soften the indicators so it generates more signals feel free to ask.
It uses the same interface for showing as the...
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...
Hello People of the Trading World...
Todays script is a basic concept of using Moving Averages and Candle Closes - this works best on Higher Timeframes and only in Bullish Conditions
"When the market is trending to the upside - we tend to see price overextend from the moving average and price revert back to the mean (Mean Reversion)"
You may ask why would...
What is up y'all ? (french trying to sound American)
I found that in my script archives, way back in an old cave. I think this might be useful as a few really asked me how to define a green/red candle, how to capture the wick value, the body, etc..
This is not a fancy script as usual and I'm sure they're plenty of candles pattern scripts out there but I saw no...
This is not new indicator.
// Candle Patterns Indicator created by Robert N. 030715
// Volume Indicator @author LazyBear
// Updated and translated by Blyayshman
Это не новый индикатор - это компиляция нескольких для удобства одновременного отображения и экономии разрешенных индикаторов.
Эта версия для отображения на главном экране, вместе с графиком.
New version 2 of my modifications of the original candlestick pattern script by Robert Waddell.
- Added window (= gaps) detection
- Added Bear/Bull Sash
- Added Bear/Bull Counter Attack
- Added Bear/Bull Seperating Line
- Modified candlestick ID code
- Added Lookback period instead of SMA (TLine) for trend detection