Inside Bar Detection: The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low. Inside bars are highlighted with an orange color. Bearish Candlestick Patterns: Bearish Engulfing: When the current candlestick's body completely engulfs...
This script implements an Improved CUSUM (Cumulative Sum) Peaks & Troughs with Drift indicator. Here's a breakdown of how it works: Input Parameters: cusumThreshold: Threshold value for detecting peaks and troughs. cusumDrift: Drift value used to adjust the CUSUM calculation. movingAverageLength: Length of the moving average used as a...
- Overview Auto-magnifier shows a lower timeframe view of candles and volume bars inside any main timeframe candle by zooming into it. Candles and volume bars as they develop are shown chronologically from left to right. By default, magnifier is triggered when less than 3 candles are visible on the chart. By default, 20 lower timeframe candles are...
A user-friendly tool designed for a quick visual preview of the next 5 candles on your trading chart. Here's how to use it effortlessly: Set Open Prices: Adjust the open prices for the upcoming 5 candles using the inputs labeled Next close #1 to Next close #5. Toggle Candles: Use the checkboxes (p1 to p5) to enable or disable the drawing of each corresponding...
💎 GENERAL OVERVIEW Introducing our new Order Blocks Screener! This screener can provide information about the latest order blocks in up to 5 tickers. You can also customize the algorithm that finds the order blocks and the styling of the screener. Features of the new Order Blocks Screener : Find Latest Order Blocks Accross 5 Tickers Latest Status,...
This is a simple indicator which will mark High & Low of last three days. Close of Previous Day The High lines will show in RED color, Low lines in green & close lines in Yellow. The advantage of using this indicator is - It will greyed out or fade the color of any previous day level if the price is breached of that level. For example if 2 day's ago High price...
The "3 Bar Play" is a simple yet powerful pattern that traders look for as a signal of potential market movement. The pattern is defined by a sequence of three bars (or candlesticks) on the chart: I saw Rake Trades post about this pattern. It not a new concept just wanted it to automatically be plotted on my chart rather then looking out for it. Up 3 Bar Play:...
This indicator displays three moving averages and can set alarms. The default values for the three moving averages are set to 20,35,60, which can be changed by the user. It is based on the idea of considering the moving average as an up-trend when it is in a positive arrangement and a down-trend when it is in a reverse arrangement. If the candle reaches each...
Introducing the "Magic Vib Indicator" V1 Adeed more extention so it works better on higher time frames, Plus a colour changer so now you can pick a colour for bullish and bearish a powerful tool designed to identify and highlight unique market scenarios known as "magic volume imbalances." This indicator is specifically crafted to recognize specific candlestick...
Certainly! Here's the merged summary for the "Jasmy Erection Giver" indicator: --- The "Jasmy Erection Giver" indicator is a powerful tool designed to assist traders in identifying potential buy or sell signals by detecting divergences between price action and the Relative Strength Index (RSI). This indicator combines two types of divergence analysis: price...
This indicator identifies instances where a doji candlestick pattern is followed by either a bullish or bearish candle, indicating potential reversal or continuation signals in the market. Features: Doji Detection: Utilizes the concept of doji candlesticks, where the difference between the open and close prices is minimal compared to the candle's overall...
Use this to determine if a crypto pair has volatility suitable for your Oddbeaker Synthetic Miner. Draws entry/exit lines over the candles. "Show me every place on the chart where I could have made X percent gains in Y days or less." Inputs : Percent Gain : Minimum percent gains to show on the chart. Scan Bars : Maximum number of bars allowed to reach...
This Pine Script indicator for TradingView allows users to visually highlight up to five distinct periods within a trading day directly on their chart. It's designed to enhance chart analysis by emphasizing specific time frames that may coincide with increased market activity, trading sessions, or personal trading strategies. Features: Customizable Highlight...
This Script code is used to plot support and resistance levels on a chart. Here's how it works: Input Parameters: The code starts by defining an input parameter lookback_period, which determines the number of bars to look back when calculating support and resistance levels. You can adjust this parameter based on your preferences or trading strategy. I recommend...
This Pine Script code is designed to identify Morning Star and Evening Star candlestick patterns on a chart. Here's how it works: Calculate Candle Body and Wick Sizes: The script calculates the size of the candle body and wick based on the difference between the close and open prices, as well as the difference between the high and the maximum of the close and...
Indicator on Trading Chart: Once you add this script to your trading chart (specifically a WTI Crude Oil chart), it appears as an indicator. This means it runs alongside the price data and other technical analysis tools you might be using. Input Your Trading Parameters: Balance (USD): You need to enter your trading account balance in USD. This is the amount of...
🔵 Introduction One of the patterns in "RTM" is the "QM" pattern, also known as "Quasimodo". Its name is derived from the appearance of "Hunchback of Notre-Dame" from Victor Hugo's novel. It is a type of "Head and Shoulders" pattern. 🔵 Formation Method 🟣 Upward Trend In an upward trend, the left shoulder is formed, and the price creates a new peak higher...
Open Liquidity Heatmap is an indicator designed to display accumulated resting liquidity on the chart. Unlike any other liquidity heatmap, this aims to accumulate liquidity at specific levels that build up over time, showing larger areas of liquidity. 🔶 FEATURES The indicator includes the following settings: Lookback : Used to determine the range...