Customcandles — Indicadores e Estratégias

Ehlers Regime Dynamic Candles Core Calculation Mechanism The indicator uses advanced Ehlers signal processing techniques to identify market regimes and create dynamically colored candles that reflect market conditions. Super Smoother Filter: Price data (open, high, low, close) is processed through an Ehlers Super Smoother Filter to reduce market noise while preserving important price movements. This creates a clearer signal for regime detection. Autocorrelation Analysis: The core of regime detection uses autocorrelation functions at different lag periods: Primary autocorrelation measures correlation between the current price and its previous value Trending autocorrelation measures longer-term persistence in the data series These values combined determine if the market is in a trending or choppy regime (Image showing Ehlers custom candles vs default candlesticks) Regime Strength Calculation: -Raw signal from autocorrelation with user-defined threshold adjustment -Adaptive scaling based on sensitivity parameter -Optional volume validation that confirms signal strength using volume data -Normalization to 0-1 range and smoothing for visual consistency -Percentile ranking to provide contextually meaningful strength values Fisher Transform: Applied to the smoothed price to identify statistical extremes, which helps adjust transparency levels during significant price movements. Key Features & Components Regime Detection: Identifies trending vs. choppy market conditions using Ehlers' autocorrelation techniques. Dynamic Candle Coloring: Candles transition smoothly between three color states: Bullish trending (typically green/teal) Bearish trending (typically red/purple) Choppy/neutral (typically blue/silver) Volume Validation: Optional incorporation of volume data to confirm trend strength (stronger volume during trending periods increases confidence). Adaptive Transparency: Candles become more opaque during statistically significant price movements based on Fisher Transform values. Gradient Smoothing: Controls the visual transition between regime states for a more aesthetically pleasing appearance. Customizable Colors and Style: Full control over all visual aspects including candle body/wick colors and transparency. Configuration Options Users can adjust the following parameters in the indicator settings: Main Settings: Cycle Length: Controls the lookback period for cycle detection. Lower values increase responsiveness but may introduce noise. Gradient Smoothness: Determines how quickly colors transition when regime changes. Trend Detection Threshold: Sets the autocorrelation strength required to classify a trend. Trend Sensitivity: Scales regime strength calculation to produce a better distribution of values. Use Volume: Toggles whether volume data is used to validate trend strength. Color Settings: Trending Regime Colors: Separate color options for bullish and bearish candle bodies and wicks. Choppy Regime Colors: Color options for candle bodies and wicks during sideways/neutral markets. Style Settings: Candle Border Options: Toggle borders and adjust their color and transparency. Adaptive Transparency: Enable/disable dynamic transparency based on statistical significance. Base Transparency: Set the baseline transparency level for all candles. Interpretation Notes Color Transitions: As the market shifts between regimes, candle colors gradually transition, providing visual cues about market structure changes. Regime Strength: The intensity of colors indicates the strength of the detected regime: Strong trending regimes show vibrant trending colors Weak or mixed regimes display colors closer to the choppy/neutral color Transitions between regimes show gradient colors Transparency Changes: More opaque candles indicate statistically significant price movements, while more transparent candles suggest routine or less significant price action. Volume Interaction: When volume validation is enabled, trending colors become more pronounced during high volume trends and subdued during low volume periods. Disclaimer: These are custom candles that are significantly different from normal candlesticks. Unlike traditional candlesticks that display raw price data, these candles: • Use Ehlers signal processing to filter and smooth price data • Dynamically change color based on detected market regimes • Show statistical significance through transparency • May appear delayed compared to standard candles due to the filtering process Traditional trading strategies dependent on candlestick patterns will not work with these. Risk Disclaimer Trading involves significant risk. This indicator is provided for analytical purposes only and does not constitute financial advice. Past performance is not indicative of future results. Use sound risk management practices and never trade with capital you cannot afford to lose. The Ehlers Regime Dynamic Candles indicator should be used as part of a comprehensive trading approach, not as a standalone trading system.

Color candle by time This indicator, written in Pine Script v5, allows you to highlight candles (using a user-selected color) that fall within a user-defined time range. Candles outside this range maintain their original appearance. How it Works and Key Benefits: - Time Interval Customization: By specifying start and end hours/minutes, you can emphasize only the desired market session. - Choice of Preferred Color: The body, wicks, and borders of the candles within the selected range are uniformly colored, based on the user’s chosen tone. - Enhanced Focus on Price Action: By focusing on the most relevant trading hours, your analysis becomes more streamlined and intuitive, without altering the rest of the session’s candle appearance. !! DO NOT FORGET TO SELECT THE OPTION: 'BRING TO FRONT' IN THE INDICATOR'S VISUAL ORDER !!

NSDT HAMA Candles HAMA (Heiken-Ashi Moving Average) Candles are built using different moving average lengths for the open, high, low, and close. Those levels are then run through the Heiken-Ashi Candle formula to create a new hybrid candle on the chart. There is an additional Moving Average plotted as well for overall direction. This may be used best for identifying trending markets. By referencing the HAMA Candle indicator, it may help guide you to stay in a trade a bit longer, or wait a bit longer before entering at the beginning of a potential trend. We added a Gradient Color scheme option for a more colorful view of potential trend directional changes. The gradient code is taken from the Pinecoders Gradient Framework (Pro Advance/Decline Gradient example) at There are three different Moving Average types to choose from. (EMA, SMA, WMA). All MA lengths can be modified. All colors can be modified. All options can be turned on or off. This was previously an "invite-only" indicator, but we decided to publish it publicly and open source.

NSDT Bearish-Bullish Candles This is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is because the wick will now match the body size and color. This indicator is very similar to our NSDT Special High-Low Candles.

customcandles Library "customcandles" customcandles: Contains methods which can send custom candlesticks based on the input macandles(maType, length, o, h, l, c) macandles: Provides OHLC of moving average candles Parameters: maType : - Moving average Type. Can be sma, ema, hma, rma, wma, vwma, swma, linreg, median length : - Defaulted to 20. Can chose custom length o : - Optional different open source. By default is set to open h : - Optional different high source. By default is set to high l : - Optional different low source. By default is set to low c : - Optional different close source. By default is set to close Returns: : Custom Moving Average based OHLC values hacandles() hacandles: Provides Heikin Ashi OHLC values Returns: : Custom Heikin Ashi OHLC values ocandles(type, length, shortLength, longLength, method, highlowLength, sticky, percentCandles) macandles: Provides OHLC of moving average candles Parameters: type : - Oscillator Type. Can be cci, cmo, cog, mfi, roc, rsi, tsi, mfi length : - Defaulted to 14. Can chose custom length shortLength : - Used only for TSI. Default is 13 longLength : - Used only for TSI. Default is 25 method : - Valid values for method are : sma, ema, hma, rma, wma, vwma, swma, highlow, linreg, median highlowLength : - length on which highlow of the oscillator is calculated sticky : - overbought, oversold levels won't change unless crossed percentCandles : - candles are generated based on percent with respect to high/low instead of actual oscillator values Returns: : Custom Moving Average based OHLC values