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Candlestick analysis

Simple Market Metrics v5How to enter a trade: Wait for a Buy or Sell signal to appear" If the signal remains when the candle closes, enter the trade with a market or limit order" How to exit a trade: • Take profit when the price reaches the profit target line" Stop out of the trade if the white dot remains on the opposite side of the profit wave only when the candle has closed." If you are in a long trade, and a candle closes with the white dot below the profit wave, close the trade." What markets can this be traded with? Simple Market Metrics works with any market, but the ES & NQ Futures are the preferred markets to trade this system with." What candle type should be used? Simple Market Metrics was designed to be used on Heikin Ashi candles." What are the preferred trading hours? The preferred hours to trade are during the New York session between 10:00am EST and 3:00pm EST." What timeframe should I trade? The 1 and 2 minute timeframes are preferred with ES & NQ Futures" What should I set the profit targets to? ES - 1 min: 4 ES - 2 min: 8 • NQ - 1 min: 20 • NQ - 2 min: 40" How many contracts should I start trading with prop firm accounts? 50k - 5 micros on MES or MNQ 150k - 2 minis on ES or NQ"
Pine Script™ indicator
by lekboon
1
True Liquidity BlocksSo basically I've been deep diving into liquidity trading concepts similar to ICT (Inner Circle Trader) and developed an indicator that breaks down market movement through a volume-centric lens. Key Concept: Markets move not just by price, but by resolving trapped positions Volume segments, not time intervals, show true market dynamics VWAP (Volume Weighted Average Price) becomes a key structural reference What Makes This Different: Tracks volume segments instead of fixed time frames Identifies "trapped" trader positions Measures liquidity level efficiency Color-codes bars based on nearest liquidity zone Indicator Features: Cyan/Red liquidity levels showing buy/sell pressure Efficiency tracking for each level Dynamic volume-based segmentation Bar coloring to show nearest liquidity zone Theoretical Inspiration: Viewed markets as energy systems where: Positions create potential energy Price movement resolves this energy Trends form through systematic position liquidation VWAP Recalculation in Each Segment: Segment Start: VWAP resets when volume threshold User Inputtable (600,000) is reached Uses the last 4 price values (High, Low, Close, Close) for calculation Weighted by volume traded during that segment Calculation Method: pineCopy = ta.vwap(hlcc4, na(segment_start) ? true : na, 1) hlcc4: Combines high, low, close prices na(segment_start): Ensures reset at new segment Weighted by volume, not equal time intervals Key Points: Dynamic recalculation each segment Reflects most recent trading activity Provides real-time fair price reference Tracks positioning Essentially, VWAP resets and recalculates with each new volume segment, creating a rolling, volume-weighted average price that maps trader positioning. BSL (Buy Side Liquidity) and SSL (Sell Side Liquidity) Explained: When a volume segment closes relative to VWAP, it creates natural positioning traps: BSL (Cyan) - Created when price closes BELOW THAT SEGMENT'S VWAP: Bulls are positioned BELOW VWAP (trapped) Shorts are positioned ABOVE VWAP (In Profit) SSL (Red) - Created when price closes ABOVE THAT SEGMENT"S VWAP: Bulls are positioned ABOVE VWAP (trapped) Shorts are positioned BELOW VWAP (trapped) Core Mechanism: VWAP acts as a reference point for trader positioning Trapped positions create inherent market tension Levels expand to show accumulating pressure Color-coded for quick identification of potential move direction The goal: Visualize where traders are likely "stuck" and must eventually resolve their positions or liquidate other's, driving market movement. It was just a fun experiment but If ya'll have any thoughts on it or what I could do to improve it, I would appreciate it. Just a little note, It's optimized for futures, but if u uncheck the "Rest at Futures Open ?" setting, it allow full reign of any asset with volume data.
Pine Script™ indicator
by Kill_Streak
2
Supertrend by siosi This script enhances the Supertrend indicator by integrating trend detection, price rejection signals, and market session highlights. 🔹 Objective: Identify potential trend reversals, price rejections, and key trading sessions to provide better market insights. 🔹 Features: Supertrend Indicator – Uses ATR-based calculation to determine market trends. Rejection Signals – Highlights when price touches and rejects key Supertrend levels. Market Session Highlighting – Colors the background for New York, London, and Asian trading sessions. Customizable Inputs – Allows users to adjust trend parameters, session times, and signal visibility. Alerts – Notifies users of trend changes and price rejections.
Pine Script™ indicator
by JaimeAvalos
1
Fvg and bag fillGAP THEORY Fair Value Gap The gap b/w the 1st and3rd candle. If the 3rd candle closed or consolidated inside the second candle it offers entry with some confirmation on basis of HTF bias Break Away Gap The 3rd candle which closes above or below the 2nd candle confirms the Break away gap(BAG) Buy side:- the 3rd candle body close above the 2nd candle high. Indicates buy side pressure . Sell side:- the 3rd candle body close below the 2nd candle low. On seeing those sell side pressure we mostly (not every time)don't get a pullback into the FVG above Points to remember Only sell at premium & Buy at the discount. Stick with the HTF bias. Participate during the kill zone. Risk management is the key for a profitable Trader. Strictly 1:2RR
Pine Script™ indicator
by Paulhdvn
2
ICT Concepts: MML, Order Blocks, FVG, OTECore ICT Trading Concepts These strategies are designed to identify high-probability trading opportunities by analyzing institutional order flow and market psychology. 1. Market Maker Liquidity (MML) / Liquidity Pools Idea: Institutional traders ("market makers") place orders around key price levels where retail traders’ stop losses cluster (e.g., above swing highs or below swing lows). Application: Look for "liquidity grabs" where price briefly spikes to these levels before reversing. Example: If price breaks a recent high but reverses sharply, it may indicate a liquidity grab to trigger retail stops before a trend reversal. 2. Order Blocks (OB) Idea: Institutional orders are often concentrated in specific price zones ("order blocks") where large buy/sell decisions occurred. Application: Identify bullish order blocks (strong buying zones) or bearish order blocks (strong selling zones) on higher timeframes (e.g., 1H/4H charts). Example: A bullish order block forms after a strong rally; price often retests this zone later as support. 3. Fair Value Gap (FVG) Idea: A price imbalance occurs when candles gap without overlapping, creating an area of "unfair" price that the market often revisits. Application: Trade the retracement to fill the FVG. A bullish FVG acts as support, and a bearish FVG acts as resistance. Example: Three consecutive candles create a gap; price later returns to fill this gap, offering a entry point. 4. Time-Based Analysis (NY Session, London Kill Zones) Idea: Institutional activity peaks during specific times (e.g., 7 AM – 11 AM New York time). Application: Focus on trades during high-liquidity periods when banks and hedge funds are active. Example: The "London Kill Zone" (2 AM – 5 AM EST) often sees volatility due to European market openings. 5. Optimal Trade Entry (OTE) Idea: A retracement level (similar to Fibonacci retracement) where institutions re-enter trends after a pullback. Application: Look for 62–79% retracements in a trend to align with institutional accumulation/distribution zones. Example: In an uptrend, price retraces 70% before resuming upward—enter long here. 6. Stop Hunts Idea: Institutions manipulate price to trigger retail stop losses before reversing direction. Application: Avoid placing stops at obvious levels (e.g., above/below recent swings). Instead, use wider stops or wait for confirmation.
Pine Script™ indicator
by stevennano45
E9 MM Nuke signalScript identifies wickless candles on a specified higher timeframe and plots them on a lower timeframe (If desired), such as 15 minutes. It includes options to adjust the margin for error (e.g. 5 tick wick), higher timeframe, and toggle the volume filter with period adjustment. Wickless candles signal strong market sentiment shifts, indicating areas of significant buying or selling pressure. These areas can become key levels of support or resistance, making them crucial to monitor for potential price revisits. Why Price Revisits Wickless Areas Manipulators often create artificial wickless candles to deceive traders. However, genuine market movements can also produce wickless candles, indicating a strong consensus among market participants. In either case, the price is likely to revisit these areas as traders and investors react to the perceived market sentiment shift. Key Features: Margin Input: Description: Allows users to specify the margin in 0.01 tick increments to account for small wicks due to spread issues. Example: A margin of 0.05 ticks means the script will consider candles wickless if the high is within 0.05 ticks of the open and the low is within 0.05 ticks of the open. Volume Filter: Description: Users can enable or disable a volume filter to consider only candles with a volume greater than the average volume over a specified period. Default: Enabled by default. Volume Period Input: Users can specify the period for calculating the average volume (e.g., 9 periods). Higher Timeframe Input: Description: Allows users to select the higher timeframe on which to identify wickless candles. Options: H4 ("240"), Daily ("D"), Weekly ("W"), Monthly ("M"). Plotting: Bearish Wickless Candles: Plotted with a red circle and a "🐻" emoji above the bar. Bullish Wickless Candles: Plotted with a green circle and a "🐂" emoji below the bar.
Pine Script™ indicator
by TraderE9
1
High Win-Rate Scalping Supply & Demand with Volume & Signals//@version=5 indicator("High Win-Rate Scalping Supply & Demand with Volume & Signals", overlay=true) // === Input settings === length = input(50, title="Volume Lookback Length") zoneLookback = input(20, title="Supply/Demand Zone Lookback") showZones = input(true, title="Show Supply & Demand Zones") showVolume = input(true, title="Show Volume Indicator") showSignals = input(true, title="Show Buy/Sell Signals") volumeThreshold = input(1.5, title="Volume Multiplier for Signal Confirmation") // Adjusts sensitivity // === Calculate Volume === vol_ma = ta.sma(volume, length) // === Identify Supply & Demand Zones (Dynamic) === pivotHigh = ta.highest(high, zoneLookback) pivotLow = ta.lowest(low, zoneLookback) // Dynamic Supply Zone (Resistance) supplyZone = ta.valuewhen(ta.highestbars(high, zoneLookback) == 0, high, 0) plot(showZones ? supplyZone : na, title="Supply Zone", color=color.red, linewidth=2, style=plot.style_stepline) // Dynamic Demand Zone (Support) demandZone = ta.valuewhen(ta.lowestbars(low, zoneLookback) == 0, low, 0) plot(showZones ? demandZone : na, title="Demand Zone", color=color.green, linewidth=2, style=plot.style_stepline) // === Buy/Sell Signals Based on Supply & Demand, Volume, and Price Action === bullishEngulfing = ta.crossover(close, demandZone) and close > open and volume > vol_ma * volumeThreshold bearishEngulfing = ta.crossunder(close, supplyZone) and close < open and volume > vol_ma * volumeThreshold // Buy Signal Conditions buySignal = bullishEngulfing // Sell Signal Conditions sellSignal = bearishEngulfing // Plot Buy/Sell Markers plotshape(series=buySignal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", size=size.small) plotshape(series=sellSignal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", size=size.small) // === Volume Display === plot(showVolume ? vol_ma : na, title="Volume MA", color=color.blue, linewidth=2) // === Alerts for Buy/Sell Signals === alertcondition(buySignal, title="Buy Alert", message="Strong Demand Zone Rejection with Volume - Buy Signal") alertcondition(sellSignal, title="Sell Alert", message="Strong Supply Zone Rejection with Volume - Sell Signal")
Pine Script™ indicator
by kimgrierr
Gong's_indicatorIt is a frame less than 15 minutes, which is an advantageous indicator for use in horizontal sections. It is recommended to buy and sell in hedging mode because other position orders may be created while the entered position is not organized. Since the buying/selling position winning rate is similar for a long time, it is also a good idea to proceed with the sale only in one direction while checking the big trend. Signal labels may appear as candle finish criteria. Even if the label does not appear, you can open the position in the green section and the red section with the purple line as a stoploss. It is good for picking up inflection points immediately after a short period of large rise and fall. The size of the channel gap drawn varies with the intensity of the short-term motion. In the green area, the long position's profit-loss ratio is advantageous, and in the red area, the short position's profit-loss ratio is advantageous. If a buy signal occurs, if the location is a green box, you can add a little more seeds or leverage. If the three diamonds are attached together, it means that they have fallen/increased significantly in a short period of time, and the position you hold at this time will have a lower winning rate, but you can open a position with a high profit/loss ratio. Since the stopros and target price on the label are not absolute, it is better to set them up by referring to your own trading basis. One of the two targets is a 1:1 or higher profit or loss ratio calculated based on the distance from the stoploss. The one thing that remains is based on a technical basis for when you reach a section where the reverse trend can come out. Stoploss is a value that takes into account the range of stop hunting that slightly breaks the top and bottom of the box. This indicator has a high win rate for sideways area, but if a trend occurs, the reverse trend position can remain open, which increases the likelihood of losing back-to-back. Therefore, it is recommended that you stop entering the same position for 240 times the time of the frame you are using once the stop is signed. When the stoploss are signed, switching in the opposite direction when touching the gray area is also a good response. After the stoploss, if a big reverse occurred and broke right through the gray area, the additional position entry in the green/red area will mostly protect your money. 15분봉 이하의 프레임으로 횡보구간에서 사용하기 유리한 지표입니다. 진입된 포지션이 정리되지 않은 상태에서 다른 포지션 오더가 추가 생성될 수 있기 때문에 헷지모드로 매매하시는 것을 권장합니다. 긴 시간동안 매수/매도 포지션 승률이 비슷하기 때문에 큰 추세를 확인하면서 한 쪽 방향으로만 매매를 진행하시는 것도 좋은 방법입니다. 캔들 마감 기준으로 시그널 라벨이 등장할 수 있습니다. 라벨이 뜨지 않아도 보라색 선을 스탑로스로 하여 녹색 구간, 적색 구간에서 포지션 오픈이 가능합니다. 단기간 큰 상승,하락 직후 변곡지점을 잡아낼 때 쓰기 좋습니다. 단기 움직임의 강도에 따라 그려져 있는 채널 갭의 크기가 변합니다. 녹색 구간에서는 매수 손익비가 유리하고 적색 구간에서는 매도 손익비가 유리합니다. 만약, 매수 시그널이 발생한 경우 그 위치가 녹색 박스권이라면 시드나 레버리지를 조금 더 추가할 수 있습니다. 위 아래 다이아몬드 3개가 같이 붙어있는 경우에는 단기간 크게 하락/상승했다는 의미이고 이 때 잡는 포지션은 승률이 낮아지지만 높은 손익비의 포지션을 오픈할 수 있습니다. 라벨에 적혀있는 스탑로스와 목표가는 절대적이지 않기 때문에 각자의 매매근거를 참고하셔서 설정하시는 것이 더 좋은 결과를 도출할 수 있습니다. 목표가 두 가지 중 한 가지는 스탑로스와의 거리를 근거로 1:1이상의 손익비를 계산한 값입니다. 남은 한 가지는 역추세가 나올 수 있는 구간에 도달하는 경우에 대한 기술적 근거를 바탕으로 합니다. 스탑로스는 박스권 상단과 하단을 살짝 깨는 스탑헌팅 범위를 고려한 값입니다. 이 지표는 횡보 구간 승률이 높지만 추세가 발생하면 역추세 포지션이 계속 오픈될 수 있기 때문에 연달아 손실을 입을 가능성이 높아집니다. 따라서, 스탑로스가 체결되면 사용중인 프레임의 240배의 시간동안 같은 포지션 진입을 멈추시는 것이 좋습니다. 스탑로스가 체결되면 회색 영역에 닿을 때 반대 방향으로 스위칭을 하시는 것도 좋은 대응이 됩니다. 스탑로스 체결 후 되돌림이 크게 나와서 회색 영역을 바로 돌파하는 경우 라벨이 생성되지 않더라고 녹색/적색 영역에서 추가 포지션 진입을 하면 대부분 본전 이상으로 포지션을 정리할 수 있습니다.
Pine Script™ indicator
by chartedu
1
XAU/EUR Beginner-Friendly Strategy💡 Why This Strategy Sells Itself 3-in-1 Powerhouse: Merges institutional order flow analysis (Smart Money), trend mechanics, and built-in hedge alerts Backtested Edge: 58.7% win rate on 2023 XAU/EUR data with 1:2 risk/reward Beginner-Friendly: Auto-drawn entry boxes with stop loss/profit targets (no guesswork) Market Proof: Generates returns in both trends and ranges via hedge alerts 🎯 Perfect For Traders Who... Want to decode gold's institutional footprints Need clear "green light/red light" trade signals Struggle with emotional exits (auto-SL/TP built-in) Missed the $200 gold rally in Q1 2024 📊 How It Works (In Simple Terms) 1. Institutional Radar Spots "order blocks" where banks accumulate positions Example: If gold plunges then reverses sharply, marks that zone 2. Trend Turbocharger 9/21 EMAs act as runway lights (green when trending) Only trades in trend direction (bullish/bearish filters) 3. Hedge Shield Flashes blue/orange alerts at extremes (RSI 30/70) Lets you profit from pullbacks while holding core positions 4. Auto-Pilot Risk Mgmt Stop loss at last swing low/high (protects capital) Take profit = 2x risk (banker-grade money math) 📈 Client ROI Breakdown Scenario Account Size Monthly Trades Expected Return* Conservative $10,000 15 trades $1,800 (18%) Aggressive $50,000 30 trades $9,000 (18%) *Based on 58.7% win rate at 1:2 RR 🎁 What You Get Today ($997 Value) Pro Strategy Code (Lifetime access) VIP Setup Guide (15-minute install video) XAU/EUR Session Cheat Sheet (Best times to trade) 24/7 Discord Support (Expert Q&A;) ✨ "Gold Standard" Bonuses Hedging Masterclass ($297 Value) - Protect positions during ECB/Fed news Smart Money Screener - Spot institutional moves across 20+ pairs Live Trade Alerts - Mirror my personal XAU/EUR trades for 30 days 📲 How to Use It (3 Simple Steps) Load & Go Paste code into TradingView (5-minute setup) Watch tutorial: Read the Signals 🟢 Green Box = Buy with Entry/SL/TP 🔴 Red Box = Sell with Entry/SL/TP 💠 Blue Flash = Hedge Opportunity Execute & Manage Risk 1-2% per trade (auto-calculated) Let profits run to target (no emotion) ⚠️ Warning: This Isn't For... Get-rich-quick dreamers (requires discipline) Indicator junkies (this replaces 5+ tools) Bitcoin gamblers (gold moves differently)
Pine Script™ strategy
by phetolo12