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Candlestick analysis

Entropy Bands (TechnoBlooms)Entropy Bands — A New Era of Volatility and Trend Analysis Entropy Bands is our next indicator as a part of the Quantum Price Theory (QPT) Series of indicators. 🧠 Overview Entropy Bands are an advanced volatility-based indicator that reimagines traditional banded systems like Bollinger Bands. Built on entropy theory, adaptive moving averages, and dynamic volatility measurement, Entropy Bands provide deeper insights into market randomness, trend strength, and breakout potential. Instead of only relying on price deviation (like Bollinger Bands), Entropy Bands integrate chaos theory principles to create smarter, more responsive dynamic bands that adapt to real market behavior. 🚀Why is Entropy Bands Different — and Better Dynamic Band Width : Adjusts using both entropy and ATR, creating smarter expansion/contraction. Multi-Moving Average Core : Choose between SMA, EMA, or WMA for optimal centerline behavior. Noise and Breakout Filtering : Filters fake breakouts by analyzing candle body size and entropy conditions. Visual Clarity : Background and candle coloring highlight chaotic/noisy zones, trend zones, and breakout moments. Entropy Bands don't just react to price — they analyze the underlying market behavior, offering superior decision-making signals. 📚 Watch Band Behavior: Bands expand during volatility spikes or chaotic conditions. Bands contract during low volatility or tight consolidation zones. 📚 Analyze Candle Coloring: Green = Bullish breakout (closing above upper band). Pink = Bearish breakout (closing below lower band). Gray = Inside bands (neutral/random noise). ✨ Key Features of Entropy Bands: Entropy-Based Band Width Calculation: A scientific edge over pure price deviation methods. Dynamic Background Coloring: Highlights high entropy areas where randomness dominates. Candle Breakout Coloring: Easy-to-spot trend breakouts and strength moves. Multi-MA Flexibility: Adapt the bands’ core to trending, ranging, or volatile markets. Body Size Filter: Protects against fake breakouts by requiring meaningful candle body moves.
Pine Script® indicator
by TechnoBlooms
4
SuperFib Manual EditThis is a TradingView custom indicator called "SuperFib Manual Edit" that allows traders to draw configurable horizontal lines at specific price levels with customizable text labels. Here's a breakdown of what it does: Main Features Creates up to 6 horizontal lines at user-defined price levels Each line has an associated text label (like "Support 1" or "Superfib") All visual elements are highly customizable Configuration Options Global Line Appearance Customizable line color and thickness (1-4 pixels) Label Appearance Text color Background color with transparency Text size (Tiny, Small, Normal, Large, Huge) Position (Left or Right side of the chart) Individual Line Settings Each of the 6 lines has its own settings group For each line, users can set: Price level (where the line appears) Custom label text Technical Implementation Uses PineScript version 6 Implements helper functions for label size and alignment options Efficiently manages label objects to prevent memory leaks Only updates labels on the last bar for better performance Lines/labels automatically hide if their price input is disabled This indicator would be useful for traders who want to manually mark important price levels like support/resistance zones, Fibonacci levels, or other significant price points with clear visual indicators and labels. The "SuperFib" part of the name suggests it might be specifically designed for marking Fibonacci retracement or extension levels, though it allows for completely manual placement rather than automatic calculation.RetryClaude can make mistakes. Please double-check responses.
Pine Script® indicator
by Turkish_Trader_
Accurate Swing Trading System - Strategy//@version=5 strategy("Accurate Swing Trading System - Strategy", overlay=true) // Inputs no = input.int(3, title="Swing") Barcolor = input.bool(true, title="Barcolor") Bgcolor = input.bool(false, title="Bgcolor") // Logic res = ta.highest(high, no) sup = ta.lowest(low, no) avd = close > res ? 1 : close < sup ? -1 : 0 avn = ta.valuewhen(avd != 0, avd, 0) tsl = avn == 1 ? sup : res Buy = ta.crossover(close, tsl) Sell = ta.crossunder(close, tsl) // Plotting plotshape(Buy, title="BUY", style=shape.labelup, location=location.belowbar, color=color.green, text="BUY", textcolor=color.black) plotshape(Sell, title="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, text="SELL", textcolor=color.black) colr = close >= tsl ? color.green : close <= tsl ? color.red : na plot(tsl, color=colr, linewidth=3, title="TSL") barcolor(Barcolor ? colr : na) bgcolor(Bgcolor ? colr : na) // Alerts alertcondition(Buy, title="Buy Signal", message="Buy") alertcondition(Sell, title="Sell Signal", message="Sell") // Strategy Orders if Buy strategy.entry("Buy", strategy.long) if Sell strategy.close("Buy")
Pine Script® strategy
by devang9885
1
Rawstocks 15 Minute ModelRawstocks 15-Minute Model The Rawstocks 15-Minute Model is a precision intraday trading strategy designed for the US stock market (9:30 AM - 4:00 PM ET), optimized for the 15-minute timeframe. It combines institutional order flow concepts with Fibonacci retracements to identify high-probability reversal setups while enforcing strict risk management and session-based rules. Key Features Time-Based Execution Trading Hours: 9:30 AM - 4:00 PM ET (no new entries after 4:00 PM) Force Close: All positions auto-exit at 4:30 PM ET (prevents overnight risk) Entry Logic Order Block + Fib Confluence: Identifies institutional order blocks (previous swing highs/lows) Requires price pullback to 61.8% or 79% Fibonacci level Liquidity Confirmation: Waits for stop runs (liquidity sweeps) before reversal entries Exit Rules Stop Loss: 1x ATR (14) from entry Take Profit: 2:1 Risk-Reward (adjustable) Visual Signals Green Triangle: Valid long setup (pullback to bullish OB + Fib) Red Triangle: Valid short setup (pullback to bearish OB + Fib) Blue/Purple Background: Highlights active trading vs. close period How It Works Identify the Setup Wait for a strong impulse move (break of structure) Mark the order block (institutional zone) Confirm Pullback Price must retrace to 61.8% or 79% Fib level Must occur within trading hours (9:30 AM - 4:00 PM) Enter on Confirmation Long: Break of pullback candle high (stop below recent swing low) Short: Break of pullback candle low (stop above recent swing high) Manage the Trade Trail stop or exit at 2R (risk-to-reward) All positions close at 4:30 PM sharp
Pine Script® strategy
by Rawstocks
Multi Candle Engulfing Detector🔍 Multi Candle Engulfing Detector This indicator identifies powerful engulfing candles that consume three or more previous candles — a signal often tied to strong market reversals or continuation moves. 🧠 Features Detects candles that fully engulf the previous 3 or more candles Optional filtering: only trigger when the engulfed candles are of the opposite color Customizable engulf count for greater pattern control Clear bullish and bearish signal labels on the chart Alerts integrated: get notified the moment a setup forms Background highlighting for enhanced visibility ⚙️ Settings Minimum Number of Candles to Engulf: Default is 3, but can be adjusted Require Opposite Color: When enabled, the engulfing candle must be opposite in color to the engulfed ones (e.g., green engulfing red) 📈 Use Cases Spot strong reversal signals at tops and bottoms Confirm breakout momentum on trend continuation Use in confluence with other tools like volume or support/resistance 🚨 Alerts Alerts fire when a bullish or bearish engulfing pattern is detected, allowing for mobile, email, or webhook notifications. ✅ Notes This script is fully customizable and can be extended into a strategy or scanning tool. Feedback and suggestions are always welcome!
Pine Script® indicator
by johnkhawaja
KDJ IndicatorThe KDJ indicator is a technical analysis tool used to identify overbought and oversold conditions in the market, as well as potential trend reversals. It consists of three lines: the K line, D line, and J line. The K line is derived from the Exponential Moving Average (EMA) of the Relative Strength Value (RSV), which measures the closing price relative to the high and low over a user-defined period. The D line is the EMA of the K line, smoothing its movements. The J line, calculated as K + (K - D) × 2, amplifies the difference between K and D, making it more sensitive to price changes. Traders often use the KDJ indicator to spot divergences, crossovers, and extreme values (e.g., above 80 for overbought, below 20 for oversold) to make informed trading decisions. All parameters, including the RSV, K, and D periods, are customizable to suit different trading strategies.
Pine Script® indicator
by TsixJnineY
London/NY Sessions + SMC Levels📜 Indicator Description: London/NY Sessions + SMC Levels Overview: This indicator highlights the key trading sessions — London, New York, NY Lunch, and Asian Range — providing structured visual guides based on Smart Money Concepts (SMC) and ICT principles. It dynamically plots: Session Backgrounds and Boxes for London, NY, Lunch, and Asian sessions Reference Levels for the High, Low, and Close from today, previous day, or weekly data Midnight Open line for ICT-style power of three setups Real-time alerts for session starts, session closes, and important price level crossings Features: 🕰️ Session Visualization: Toggle London, NY, Lunch, and Asian session ranges individually, with customizable colors and transparent backgrounds. 🔔 Built-in Alerts: Alerts for: Price crossing the previous day's high/low Price crossing the Midnight Open Start and end of major sessions (London, NY, Lunch, Asian) 🟩 Reference Levels: Plot selectable session reference levels: Today’s intraday High/Low/Close Previous Day’s High/Low/Close This Week’s or Previous Week’s levels for broader context. 🌙 Midnight Open: Track the Midnight New York Open as a reference point for daily bias shifts. 🎯 Customizable Settings: Choose your session time zones (UTC, New York, London, etc.) Customize all border colors, background colors, and session hours. Use Cases: Identify killzones and optimal trade entry windows for Smart Money Concepts (SMC) and ICT strategies. Monitor liquidity pool sweeps and session transitions. Confirm or refine your intraday or swing trading setups by referencing session highs/lows. Recommended For: ICT traders Smart Money Concepts (SMC) practitioners Forex, indices, crypto, and futures traders focusing on session-based volatility patterns Anyone wanting a clean, professional session mapping tool 📈 Designed to help you trade with session precision and Smart Money accuracy. Integrates seamlessly into any ICT, Wyckoff, or Liquidity-based trading approach.
Pine Script® indicator
by OneWallStreetQuant
1
SuperTrade ST1 StrategyThis strategy leverages the Supertrend indicator to identify trend direction and capture key entry and exit points in the market. By utilizing ATR (Average True Range) for dynamic stop-loss and take-profit levels, this script adapts to varying market conditions for improved risk management. Key Features Supertrend Indicator: Defines the trend direction and generates buy/sell signals based on trend reversal points. ATR-based Exits: Take Profit and Stop Loss are dynamically calculated using ATR multipliers to accommodate market volatility. Customizable Inputs: Fine-tune the ATR Length, Supertrend Factor, and ATR multipliers for take-profit and stop-loss according to your strategy preferences. Visual Indicators: Buy and Sell signals are clearly marked with labels on the chart, and the Supertrend line is color-coded for easy trend identification. Background Trend Highlighting: The chart background changes color based on the prevailing trend to make it easier to follow the market direction. This strategy is perfect for traders looking to ride trends while managing risk with smart, automated exits.
Pine Script® strategy
by SupertradeOfficial
2 MA + Strat Candle ColorsThe "2 MA + Strat Candle Colors" indicator combines two customizable moving averages (MAs) with a strategic candle-coloring system to help traders analyze trends and price action. Here’s a breakdown of its features: 1. Two Moving Averages (MAs): MA 1 & MA 2 Settings: Users can select between 7 MA types for each line: SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA. Adjustable periods and price sources (e.g., close, open) for both MAs. Default settings: MA 1 = 9-period EMA, MA 2 = 20-period EMA. Plotting: MA 1 is blue, MA 2 is red (colors customizable via inputs). Crossovers between the MAs can signal trend changes. 2. Strategic Candle Coloring: Candles are colored based on their relationship to the previous candle: Green (Bullish): "Two-Up Bar" – current high > prior high, and low does not break prior low. Red (Bearish): "Two-Down Bar" – current low < prior low, and high does not break prior high. Purple (Outside Bar): "Three Bar" – current candle engulfs the prior candle (higher high and lower low). Yellow (Inside Bar): "One Bar" – current candle is contained within the prior candle’s range. Candle coloring is based on:
Pine Script® indicator
by CSP_22
Jedi Momentum & Reversal Scalp IndicatorQuick Breakdown: This scalping strategy was designed to take advantage of price movements throughout the regular trading session in NQ futures on the 1min chart. I developed this to help hunt for trend setups and reversals. This strategy or indicator is applicable to any high liquidity market, and works best on the 1min or 2min charts. 3min and 5min chart will give fewer signals. Markets are unpredictable and the NQ can be especially volatile. Recognizing that a market is in a state of chop or extreme volatility is important as a trader. This script will give false signals when the market is in a state of chop or extreme volatility. Avoid opens that do not have a clear directional move. Avoid low volume or slower periods of the regular trading session. Due to low volume and usually a tighter range, this script will most likely not work well during the overnight session. However, if patient, this indicator can help you find 1-3 A+ Setups during the RTH session. This indicator uses the 9, 20, and 50 simple moving averages. (custom SMA's) I take into consideration other indicators and key levels, then look for confluence with this strategy when hunting for setups. Long and Shorts are inverted for this strategy. Conditions and Considerations: - Setup Signal 1: 9 crosses 20. This is an early warning signal that momentum or sentiment in the market could be changing and starting to move in the direction of the cross. During consolidation or high volatility, Setup 1 will give false signals. A strong Setup Signal 1, usually happens after a period of consolidation. - Setup Signal 2: 9 crosses 50. This is the main signal that a long or short setup has begun. The background will change color to highlight a long or short setup and you will only see long Enter signals if the Setup is long. Setup 2 gives less false signals. - Entry Signal 1: 20 crosses 50. You won't be able to enter at the cross level, but if the momentum is healthy, then entering with the next candle could be a good entry level. However, sometimes price moves in the direction of the Setup before the cross, so you may want to enter just before if structure is favorable. Furthermore, you may want to have a stop that goes just outside of the 9/50 cross, since immediately pulling back to that level would not be healthy for the setup. **Note: Conditions for Entry Signals 2-4; are when price has pulled away from the moving averages and they are in order above or below price, then as price pulls back to the 9, 20, and 50 a long signal is created when the low of a candle gets close (custom buffers) to one of the moving averages. A short signal is created when the high of a candle gets close to one of the moving averages. - Entry Signal 2: Pullback to 9 (custom buffer). Early in a healthy setup the first pullback is usually the smallest and can happen quickly and also more than once. - Entry Signal 3: Pullback to 20 (custom buffer). Midway into or later in a setup price will pullback towards the 20. This is sometimes an early exhaustion sign. Pullbacks to the 20 are usually fewer than pullbacks to the 9. Sometimes the 9 and 20 begin to entwine before continuation. If this happens take note of the angle on the 50, if there is still a decent angle supporting the direction of the setup, then the setup is still valid. - Entry Signal 4: Pullback to 50 (custom buffer). This is sometimes an exhaustion signal and should be traded with caution and a tight stop. If the 50 is broken early in a Setup, then the momentum is not strong in the direction of the Setup, and you should avoid that trade. If later in the Setup the 50 is broken in a flush, but only by a few points, then wait and see if price rebounds in direction of Setup. If later in the Setup the 50 is broken by more than 25pts, then the Setup is not valid anymore. - Exit Signal: 9 cross the 50. When the 9 crosses the 50 in the opposite direction as the previous Setup, then that Setup is over. *Note: Context Matters! High volatility and chop can give false signals. Don’t trade every Setup. Market should make a clear opening drive and/or breakout of a key level or consolidation zone. Don’t try to use Entry signals in the middle of a consolidation zone, a day of high volatility, or during a news release (CPI, NFP, FOMC, etc.). Confluence with other indicators (like CDV candles pullback to CDV moving averages the same as price pullbacks to an Entry Signal, or RSI divergence after price made an exhaustion move off an Entry Signal, etc.) and key levels (like previous day’s OHLC, POC, VAH, VAL, etc.) Momentum: - 45* angle on moving averages can help identify strong momentum - RSI/MACD should be in confluent zones as Setup (if long RSI should be above zero) - Pullbacks always require patience=identify failure levels (15m/30m candle high/lows, OHLC, POC, VAH, VAL, etc.) - RSI hidden divergence=strong momentum - If strong momentum, then RSI divergence can give false signals Reversal: - Don’t try to fade strong momentum. Best to wait until Key Levels are reached. - 3+ “pushes” with RSI divergence=early reversal signal, but don’t enter before Signal 2 - If Initial Balance is extremely wide, take caution holding onto reversal Setups. Price could snap back as the market revisits key levels - Remember; a reversal is a pullback, but not all pullbacks are reversals Risk Management: - Depending on volatility, I trade with a 1:1 or 2:1 profit:loss bracket. My stops are usually set at 25pts - I always leave a runner at key levels or outside range - When main target is hit=all stops move to inside break even - Typically trail stops behind the 50 - Setups should move quickly=if price stalls and pulls away from break even, exit trade before full stop is hit ES 1min moving average settings: 16, 34, 75
Pine Script® indicator
by dillonmcdermott
1