Chronos Sequential Compass (CSC)The Chronos Sequential Compass (CSC) is an advanced technical analysis tool used to identify potential price exhaustion points, trend reversals, and provide a framework for understanding market structure.
Key Components:
Setup Phase:
Bullish Setup: 9 consecutive closes lower than the close 4 bars earlier.
Bearish Setup: 9 consecutive closes higher than the close 4 bars earlier.
Visualized by green (bullish) or red (bearish) triangles on the chart.
Countdown Phase:
Starts after a Setup is completed.
Counts from 1 to 13(D), comparing the close to the low (for bullish) or high (for bearish) two bars earlier.
Displayed as numbers below (bullish) or above (bearish) the price bars.
Setups:
A Setup is complete when the low of bars 6 and 7 in a bullish Setup are exceeded by the low of bar 9.
For bearish Setups, the high of bars 6 and 7 must be exceeded by the high of bar 9.
Risk Levels:
Established when a Countdown reaches 13(D).
Acts as a reference point for potential trend reversals.
Countdown Delayed:
Indicated by a '+' symbol.
Occurs when a Countdown reaches 13(D) but doesn't meet specific criteria for completion.
Recycling:
Resets the Countdown if a strong opposite trend emerges during the Countdown phase.
How to Use the CSC:
Trend Identification:
Consecutive Setups in one direction indicate a strong trend.
Look for potential trend exhaustion when Setups start appearing in the opposite direction.
Potential Reversal Points:
Pay attention when a Countdown reaches 13, especially if it coincides with other technical factors (support/resistance, chart patterns, etc.).
A completed Countdown doesn't guarantee a reversal but suggests increased probability.
Risk Management:
Use Risk Levels as potential stop-loss points or profit-taking levels.
Be cautious of trades against the trend when price is far from the Risk Level.
Confluence with Price Action:
Look for candlestick patterns or chart formations at key Sequential levels for higher probability setups.
Timeframe Coordination:
Consider using CSC on multiple timeframes for a more comprehensive market view.
Higher timeframe signals often carry more weight.
Delayed Countdowns:
A delayed Countdown (indicated by '+') suggests the trend might continue.
It can provide opportunities for trend continuation trades.
Setup:
Setups often provide stronger signals and may lead to more significant moves.
Reversals should occur within 4 bars of setup signals
Completed Countdowns:
Reversals should occur within 12 bars of completed countdowns
Candlepattern
ICT HTF Candles [Source Code] (fadi)Plotting a configurable higher timeframe on current chart's timeframe helps visualize price movement without changing timeframes. It also plots FVG and Volume Imbalance on the higher timeframe for easier visualization.
With ICT concepts, we usually wait for HTF break of structure and then find an entry on a lower timeframe. With this indicator, we can set it to the HTF and watch the develop of price action until the break of structure happens. We can then take an entry on the current timeframe.
Settings
HTF Higher timeframe to plot
Number of candles to display The number of higher timeframe candles to display to the right of current price action
Body/Border/Wick The candle colors for the body, border, and wick
Padding from current candles The distance from current timeframe's candles
Space between candles Increase / decrease the candle spacing
Candle width The size of the candles
Imbalance
Fair Value Gap Show / Hide FVG on the higher timeframe
Volume Imbalance Show / Hide Volume Imbalance on the higher timeframe
Trace
Trace lines Extend the OHLC lines of the higher timeframe and the source of each
Label Show/Hide the price levels of the OHLC
Pro Trading Art - Candlestick Patterns with alertAll candlestick pattern based on "Japanese candlestick charting techniques".
Currently Supported List of Candlestick Patterns :
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Bullish Engulfing
Bearish Engulfing
Important Points:
1. You can create alert for all patterns.
2. You can modify multiplier(Length Of Shadow) for Hammer, Hanging Man, Inverted Hammer and Shooting Star
3. You can modify EMA length for upward and downward validation of any pattern.
Unrecovered Imbalanced Zone with PVRSAThis indicator highlights imbalanced PVSRA candles that have not been recovered.
Bullish Candles/Zones
200% Volume = Green
150% Volume = Blue
Bearish Candles/Zones
200% Volume = Red
150% Volume = Fuchsia
Imbalanced Zones with normal/below 150% Average 10ema volume can be displayed or hidden from view (Hidden by default)
Candlestick RecognitionCandlestick Recognition
Version 1.0
Fun script to recognize and name candlesticks. Hamers and Highwaves and Marubozus oh my!
All candlestick names can be turned on or off in the settings since sometimes they stack close to each other and are hard to read. If you think I mislabeled any please provide me with an example of what you think it should be and I will review it to see if any changes need to be made. Please keep in mind that each stock will be a little different as the Candlestick Recognition uses ATR (Average True Range) for the calculations.
Cuban's Candle ColouringUsing a complex combination of bullish/bearish candle structure (such as engulfings and breakouts) and moving averages, this indicator attempts to illustrate weakness and strength within a trending market.
Included are labels that highlight important breaks of micro structure levels.
The beauty of this script lies in the discretionary trading of 'mid-candle' colour changes, giving the trader a simple micro structure bias.
The white ( bullish ) and dark red ( bearish ) colours are the higher confluence indications of candle structure breakout and breakdown, with the grey (semi-bullish) and pink (semi-bearish) showing trend weakness.
