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 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...
The Divergence Toolkit is designed to automatically detect divergences between the price of an underlying asset and any other @TradingView built-in or community-built indicator or script. This algorithm provides a comprehensive solution for identifying both regular and hidden divergences, empowering traders with valuable insights into potential trend reversals. 🔲...
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...
Description This indicator combines three EMA's, Ichimoku Cloud, RSI and MACD. By combining and modifying their use case this turns into an extremely powerful and accessible indicator for finding long and short position entries, below is a description of how to use this indicator, and what makes it different. Primary Use case The three EMA's would be the...
The Wyckoff Method Market Cycle Indicator is a powerful tool designed to help traders identify the current market phase based on the principles of the Wyckoff Method. This indicator analyzes price action and volume patterns to determine whether the market is in an accumulation, markup, distribution, or markdown phase. The Wyckoff Method, developed by Richard D....
//@version=4 strategy("EMA Crossover with Custom Stop-loss", overlay=true) // Input for EMA lengths fast_ema_length = input(9, title="Fast EMA Length") slow_ema_length = input(21, title="Slow EMA Length") // Calculate EMAs fast_ema = ema(close, fast_ema_length) slow_ema = ema(close, slow_ema_length) // Define long condition (fast EMA crosses above slow...
- 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...
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...
💎 GENERAL OVERVIEW Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener. Features of the new Breaker Blocks Screener : Find Latest Breaker Blocks Accross 5 Tickers Latest...
The use of the Double Exponential Moving Average (DEMA) within your Adjusted Average True Range (ATR) calculation serves as a cornerstone for enhancing the indicator's responsiveness to market changes. To delve deeper into why DEMA is employed specifically in the context of your ATR calculation, let's explore the inherent qualities of DEMA and its impact on the...
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...
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...
Introducing the Fair Value Gaps (FVG) Indicator by OmegaTools, a distinctive and analytical tool designed for TradingView. This script meticulously identifies and visualizes fair value gaps within the market, offering traders a nuanced understanding of potential price movement areas that are not immediately apparent through traditional analysis. Concept and...
🔵 Introduction The concept of "liquidity pool" or simply "liquidity" in technical analysis price action refers to areas on the price chart where stop losses accumulate, and the market, by reaching those areas and collecting liquidity (Stop Hunt), provides the necessary energy to move the price. This concept is prominent in the "ICT" and "Smart Money" styles....
Introducing the "Cycle Oscillator" by OmegaTools, an innovative addition to your TradingView analysis toolkit. This script is designed to offer a unique approach to understanding market cycles without the need for volume data, making it versatile across various market conditions and asset classes. Key Features: - Cycle Length Customization: Tailor the cycle...
💎 GENERAL OVERVIEW Introducing our new Fair Value Gap Screener! This screener can provide information about the latest Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Fair Value Gaps and the styling of the screener. Features of the new Fair Value Gap (FVG) Screener : Find Latest Fair Value Gaps Accross 5 Tickers ...