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Candlestick analysis

EMA 5 Candle Break SignalsThis indicator combines several technical analysis tools to provide trading signals: Features EMA 5 Analysis Plots a 5-period EMA (blue line) Identifies reference candles: Green candles completely above EMA Red candles completely below EMA Breakout Signals Buy signals when price breaks above a red reference candle's high Sell signals when price breaks below a green reference candle's low Signals only trigger when RSI > 50 RSI Filter Uses 14-period RSI Only allows signals when momentum is confirmed (RSI > 50) Dual Volatility Stops Two different volatility-based trailing stops: Short-term (5-period length, 1.3x multiplier) - shown as crosses Medium-term (6-period length, 1.3x multiplier) - shown as circles Stops change color based on trend direction (green=uptrend, red=downtrend) Usage Buy Signals: Green "BUY" labels appear below bars when conditions are met Sell Signals: Red "SELL" labels appear above bars when conditions are met Volatility Stops: Use as dynamic support/resistance levels or exit points
Pine Script® indicator
by The_divine_soul-ANKIT
1
Next Candle PredictorNext Candle Predictor for TradingView This Pine Script indicator helps predict potential price movements for the next candle based on historical price action patterns. It analyzes recent candles' characteristics including body size, wick length, and volume to calculate a directional bias. Key Features Analyzes recent price action to predict next candle direction (Bullish, Bearish, or Neutral) Visual indicators include small directional arrows and a prediction line Customizable sensitivity and lookback period Works best on lower timeframes for short-term price action trading Displays clear prediction labels that extend into future bars How It Works The script analyzes recent candles by examining: Candle body size (weighted by your preference) Wick length (weighted by your preference) Volume activity (weighted by your preference) These factors combine to create a directional strength indicator that determines if the next candle is likely to be bullish, bearish, or neutral. Visual Feedback Green up arrows indicate bullish predictions Red down arrows indicate bearish predictions A directional line extends from the last candle showing predicted price movement A label displays the prediction text at the end of the line Information table in the top right displays the current prediction Settings Lookback Candle Count: Number of historical candles to analyze (2-20) Wick/Body/Volume Weight Factors: Adjust importance of each component Prediction Sensitivity: Threshold for triggering directional bias Prediction Line Length: How far the prediction line extends Perfect for day traders and scalpers looking for an edge in short-term directional bias.
Pine Script® indicator
by manindersinghx
Failed Breakout DetectionThis indicator is a reverse-engineered copy of the FBD Detection indicator published by xfuturesgod. The original indicator aimed at detecting "Failed Breakdowns". This version tracks the opposite signals, "Failed Breakouts". It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames. The original description, with terminology reversed to explain this version: 'Failed Breakouts' are a popular set up for short entries. In short, the set up requires: 1) A significant high is made ('initial high') 2) Initial high is undercut with a new high 3) Price action then 'reclaims' the initial high by moving +8-10 points from the initial high This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames. Business Logic: 1) Uses pivot highs to detect 'significant' initial highs 2) Uses amplitude threshold to detect a new high above the initial high; used /u/ben_zen script for this 3) Looks for a valid reclaim - a red candle that occurs within 10 bars of the new high 4) Price must reclaim at least 8 points for the set up to be valid 5) If a signal is detected, the initial high value (pivot high) is stored in array that prevents duplicate signals from being generated. 6) FBO Signal is plotted on the chart with "X" 7) Pivot high detection is plotted on the chart with "P" and a label 8) New highs are plotted on the chart with a red triangle Notes: User input - My preference is to use the defaults as is, but as always feel free to experiment - Can modify pivot length but in my experience 10/10 work best for pivot highs - New high detection - 55 bars and 0.05 amplitude work well based on visual checks of signals - Can modify the number of points needed to reclaim a high, and the # of bars limit over which this must occur. Alerts: - Alerts are available for detection of new highs and detection of failed breakouts - Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours Limitations: - Current version of the script only compares new highs to the most recent pivot high, does not look at anything prior to that - Best used as a discretionary signal
Pine Script® indicator
by Merchantprince
Price Up and Down Percentage NACHOMIXCRYPTOThis Pine Script indicator, titled "Price Up and Down Percentage NACHOMIXCRYPTO", is designed to calculate and display the percentage increase and decrease of the price for a given day. Here’s how it works: 1. Indicator Purpose The indicator tracks the highest and lowest price points of the day. It calculates the percentage price increase from the lowest price to the current closing price. It also calculates the percentage price decrease from the highest price to the current closing price. Additionally, it shows the average change and the combined percentage of both movements. 2. Key Features Customizable Visuals: You can adjust the line colors, widths, label colors, and text alignment. Labels for percentage changes are displayed near the current price. Daily Highs and Lows: The indicator resets the lowest and highest price at the start of a new day. Percentage Calculations: PriceRise: The percentage change from the day’s lowest price to the current close. PriceDrop: The percentage change from the day’s highest price to the current close. AvgChange: The average of the rise and drop percentages. Total+-: The sum of the price rise and drop, providing a combined market movement view. 3. Visual Representation Lines: A green line represents the upward movement (from the lowest price to the current price). A red line represents the downward movement (from the highest price to the current price). Labels: The percentage increase is labeled in green, and the percentage decrease is labeled in red. The labels are positioned with an adjustable offset for clarity. Table Display: A table in the bottom-right corner displays all the calculated values for quick reference. 4. Practical Use Trend Analysis: Helps identify if the market has shown significant upward or downward movement during the day. Volatility Assessment: Traders can evaluate the volatility based on the total percentage movement. Decision Support: Provides a clear indication of how much the price has moved relative to its daily high and low. Overall, this indicator is useful for intraday traders to monitor price movements and make informed trading decisions.
Pine Script® indicator
by NachomixCrypto
Bull Bear Pivot by RawstocksThe "Bull Bear Pivot" indicator is a custom Pine Script (v5) tool designed for TradingView to assist traders in identifying key price levels and pivot points on intraday charts (up to 1-hour timeframes). It combines time-based open price markers, pivot high/low detection, and candlestick visualization to provide a comprehensive view of potential support, resistance, and trend reversal levels. Below is a detailed description of the indicator’s functionality, features, and intended use. Indicator Overview: The "Bull Bear Pivot" indicator is tailored for intraday trading, focusing on specific times of the day to mark significant price levels (open prices) and detect pivot points. It plots horizontal lines at the open prices of user-defined sessions, identifies pivot highs and lows on the current chart timeframe, and overlays custom candlesticks to highlight price action. The indicator is designed to work on timeframes of 1 hour or less (e.g., 1-minute, 3-minute, 5-minute, 15-minute, 30-minute, 60-minute) and includes a warning mechanism for invalid timeframes. Key Features: Time-Based Open Price Markers: The indicator allows users to define up to five time-based sessions (e.g., 4:00 AM, 8:30 AM, 9:30 AM, 10:00 AM, and a custom time) to capture the open price at the start of each session. For each session, it plots a horizontal line at the 1-minute open price, extending from the session start to the market close at 4:00 PM EST. Each line is accompanied by a label positioned 5 bars to the right of the market close (4:00 PM EST), with the text right-aligned and vertically centered on the line. Users can enable/disable each marker, customize the session time, label text, line color, and text color via the indicator’s settings. Pivot Highs and Lows: The indicator calculates pivot highs and lows on the current chart timeframe using the ta.pivothigh and ta.pivotlow functions. Pivot highs are marked with green triangles above the bars, and pivot lows are marked with red triangles below the bars. The pivot period (lookback/lookforward) is user-configurable, allowing flexibility in detecting short-term or longer-term reversals. Custom Candlesticks: The indicator overlays custom candlesticks on the chart, colored green for bullish candles (close > open) and red for bearish candles (close < open). This feature helps visualize price action alongside the open price markers and pivot points. Timeframe Restriction: The indicator is designed to work on timeframes of 1 hour or less. If the chart timeframe exceeds 1 hour (e.g., 4-hour, daily), a warning label ("Timeframe > 1H Indicator Disabled") is displayed, and no elements are plotted. Customizable Appearance: Users can customize the appearance of the open price marker lines, including the line style (solid, dashed, dotted) and line width. Labels for the open price markers have no background (transparent) and use customizable text colors.
Pine Script® indicator
by Rawstocks
Wick Sweep EntriesWick Sweep Entry designed by Finweal Finance (Indicator Originator : Prajyot Mahajan) : This Indicator is specially designed for Nifty, Sensex and Banknifty Options Buying. This works well on Expiry Days. Setup Timeframe : 5m and 1m. Entry Criteria : For Long/CE : Wait for Sweep of 5m Candle Low with next 5m Candle but you do not wait for the next 5 minute candle to close, you enter directly whenever any 1 minute candle of next 5minute candle to close above the low of previous 5m Candle. For Short/PE : Wait for Sweep of 5m Candle High with next 5m Candle but you do not wait for the next 5 minute candle to close, you enter directly whenever any 1 minute candle of next 5minute candle to close below the High of previous 5m Candle. Key notes : 1. As this is the Scalping High Frequency Strategy, it is to be used for scalping purpose only. You might have losses too so to avoid the noise in the market, i suggest you to use this strategy in the first 45 minutes to 1 hour of Indian Markets as this is a volatility Strategy. 2. Although Nifty and Banknifty are independent indices, they still show some reactions with each other, so if you spot a long entry on BNF and Short Entry on nifty then you will avoid taking the trade, you will take the trade only if there is a tandem activity or At least the other index is not showing opposite signal. 3. If target is not hit and you spot another entry, you will avoid taking the new entry. The Indicator will automatically spot/plot the entry signal, all you need to do is enter as soon as 1minute candle closes either below prior 5 minute candle High for Short/PE or closes above 5minute low for Long/CE. For Targets : You Can Target recent minor pull back, FVG, or Order blocks. Remember : This is a scalping strategy so don't hold trade for more than 4/5 1minute Candles
Pine Script® indicator
by FinwealFinance
1
Gold Opening 15-Min ORB INDICATOR by AdéThis indicator is designed for trading Gold (XAUUSD) during the first 15 minutes of major market openings: Asian, European, and US sessions. It highlights these key time windows, plots the high and low ranges of each session, and generates breakout-based buy/sell signals. Ideal for traders focusing on volatility at market opens. Features:Session Windows: Asian: 1:00–1:15 AM Barcelona time (23:00–23:15 UTC, CEST-adjusted). European: 9:00–9:15 AM Barcelona time (07:00–07:15 UTC). US: 3:30–3:45 PM Barcelona time (13:30–13:45 UTC). Marked with yellow (Asian), green (Europe), and blue (US) triangles below bars. High/Low Ranges:Plots horizontal lines showing the highest high and lowest low of each session’s first 15 minutes.Lines appear after each session ends and persist until the next day, color-coded to match the sessions.Breakout Signals:Buy (Long): Triggers when the closing price breaks above the highest high of the previous 5 bars during a session window (lime triangle above bar).Sell (Short): Triggers when the closing price breaks below the lowest low of the previous 5 bars during a session window (red triangle below bar). Signals are restricted to the 15-minute session periods for focused trading.Usage:Timeframe: Optimized for 1-minute XAUUSD charts.Timezone: Set your chart to UTC for accurate session timing (script uses UTC internally, based on Barcelona CEST, UTC+2 in April).Strategy: Use buy/sell signals for breakout trades during volatile market opens, with session ranges as support/resistance levels.Customization: Adjust the lookback variable (default: 5) to tweak signal sensitivity.Notes:Tested for April 2025 (CEST, UTC+2). Adjust timestamp values if using outside daylight saving time (CET, UTC+1) or for different broker timezones.Best for scalping or short-term trades during high-volatility periods. Combine with other indicators for confirmation if desired.How to Use:Apply to a 1-minute XAUUSD chart.Watch for session markers (triangles) and breakout signals during the 15-minute windows.Use the high/low lines to gauge potential breakout targets or reversals.
Pine Script® indicator
by adegilsonmariano
Advanced Algorithmic StrategyA AID for Traders! PineScript is designed for technical analysis calculations and algorithmic trading based on defined rules. Instead of AI, this script uses an algorithmic approach to generate signals. Here’s how it works: Calculates Standard Indicators It computes well-known technical indicators: EMA, RSI, and MACD. Defines Simple Rules It checks basic conditions for each indicator (e.g., Is price above the MA? Did RSI cross below the oversold level? Did the MACD line cross its signal line?). Combines Signals It counts how many of these simple bullish or bearish conditions are true at the same time. Applies a Threshold It generates a final Buy or Sell signal only if the count of agreeing signals meets the confirmationThreshold you set in the inputs. So, it’s not learning or adapting like an AI model. It’s executing a predefined set of rules based on multiple indicator conditions to create what aims to be a more robust trading signal than relying on just one indicator. People sometimes refer to complex rule-based systems like this as “AI-inclusive” in a broader sense, but it’s more accurately described as an algorithmic strategy. Explanation of the Code: //version=6 Specifies that the script uses PineScript version 6. indicator(…) Declares the script as an indicator, gives it a name (“Advanced Algorithmic Strategy”), a short title (“AAS”) for the chart legend, and sets overlay=true to draw directly on the main price chart. User Inputs (input.*) Allows you to customize the lengths for the EMA, RSI, and MACD indicators without modifying the code directly. Sets the RSI overbought and oversold levels. confirmationThreshold: This is a key input. It determines how many of the individual signals (MA crossover, RSI crossover, MACD crossover) must agree before a buy or sell signal is generated. A value of 1 makes it very sensitive (any signal triggers), while 3 makes it very conservative (all three must agree). Calculations ta.ema(): Calculates the Exponential Moving Average. ta.rsi(): Calculates the Relative Strength Index. ta.macd(): Calculates the MACD line, signal line, and histogram. Signal Conditions Checks simple conditions: Is the price above or below the MA? ta.crossunder()/ta.crossover(): Detects when one value crosses over or under another. We use these for RSI crossing its thresholds and the MACD line crossing its signal line. Combine Signals longConfirmationCount and shortConfirmationCount: These variables count how many individual buy or sell conditions are met on the current bar. enterLong / enterShort: These boolean variables become true only if the number of confirmed signals (longConfirmationCount or shortConfirmationCount) meets or exceeds the confirmationThreshold set by the user. Plotting plot(): Draws the EMA line on the chart. plotshape(): Draws shapes on the chart when entry/exit conditions are met. enterLong draws a green triangle below the bar, and enterShort draws a red triangle above the bar. location.belowbar and location.abovebar place the shapes relative to the price bars. Alerts (alertcondition) Allows you to create alerts based on the enterLong and enterShort conditions directly from the TradingView alert creation menu. How it Works for Entry/Exit Entry (Buy): A buy signal (green triangle) appears when the required number of bullish conditions (confirmationThreshold) are met simultaneously. For example, if the threshold is 2, a signal might appear if the price closes above the MA and the MACD line crosses above its signal line. Exit (Sell): A sell signal (red triangle) appears when the required number of bearish conditions (confirmationThreshold) are met simultaneously. This could indicate a potential exit for a long position or an entry for a short position. For example, if the threshold is 2, a signal might appear if the price closes below the MA and the RSI crosses down through the overbought level.
Pine Script® indicator
by DevForEver
Volume Delta Imbalance IndicatorIndicator Introduction The Volume Delta Imbalance Indicator is a technical tool specifically designed to analyze the balance between buying and selling forces in the market. It is based on a simple yet effective assumption: volume during price increases primarily reflects buying pressure, while volume during price decreases primarily reflects selling pressure. Through this method, the indicator quantifies the degree of buying and selling imbalance within each period, helping traders identify market trends and potential reversal points. Core Principles Buying and Selling Force Estimation: Allocating volume based on the relationship between closing and opening prices Bullish candles: Volume is attributed to buying pressure Bearish candles: Volume is attributed to selling pressure Neutral candles: Volume is evenly distributed between buyers and sellers Imbalance Calculation: Calculating the degree of imbalance through the ratio of buy-sell volume difference to total volume Positive values indicate buying pressure dominance Negative values indicate selling pressure dominance Higher absolute values represent greater imbalance Main Features Multi-Period Analysis: Single candle imbalance ratio: Shows the buying and selling force comparison for the current candle Smoothed imbalance ratio: Imbalance trend smoothed using moving average 20-period imbalance ratio: Shows medium-term buying and selling force trend changes Visual Display: Histogram: Shows imbalance ratio for each period Threshold lines: Mark significant imbalance levels Zero line: Distinguishes between buyer-dominated and seller-dominated areas Data Statistics: Information table: Displays current buy/sell volumes and their comparison with averages Imbalance ratio data: Shows current and medium-term imbalance ratios Parameter Settings Smoothing Period: Adjusts the smoothness of the imbalance ratio; lower values are more sensitive to recent data Imbalance Threshold Percentage: Sets the threshold for identifying significant buying/selling imbalances Show Area Boxes: Controls whether visual markers for imbalance areas are displayed Show Information Table: Controls whether detailed data tables are displayed on the chart Practical Trading Strategies Trend Confirmation: When the imbalance ratio consistently remains above the zero line, confirming an uptrend When the imbalance ratio consistently remains below the zero line, confirming a downtrend Reversal Identification: When the imbalance ratio begins to retreat from extreme values, potentially indicating an impending trend reversal When the imbalance ratio crosses the zero line, potentially indicating a shift in market forces Divergence Identification: When price creates new highs but the imbalance ratio fails to create new highs, potentially forming a bearish divergence When price creates new lows but the imbalance ratio fails to create new lows, potentially forming a bullish divergence Applicable Scenarios This indicator is suitable for analysis across various time periods, with particularly high reference value for intraday and swing trading. It can be combined with price action, trend lines, and other technical indicators to improve trading decision accuracy. Its best application is in highly liquid markets, such as major stock indices, large-cap stocks, and actively traded cryptocurrencies. By observing changes in the Volume Delta Imbalance Indicator, traders can more clearly understand the dynamic changes in internal market forces, enabling more informed trading decisions.
Pine Script® indicator
by andemadi
Predictive Momentum StrategyPredictive Momentum Strategy with Future Projection This advanced Pine Script indicator aims to forecast price movements up to five minutes into the future, visualizing predictions as a dynamic line extending beyond the current price bar. Unlike standard technical indicators that only analyze past data, this strategy projects future price targets to give traders a potential edge. The prediction system combines multiple technical factors: - Multi-timeframe momentum analysis using weighted RSI readings from different periods - Volume profile analysis with logarithmic scaling to detect significant buying/selling pressure - Adaptive volatility measurement to adjust predictions based on current market conditions - Price fractal pattern detection to identify potential reversal points - Statistical deviation bands to capture mean-reversion opportunities What makes this strategy unique is its self-adjusting accuracy system. The script tracks its prediction success over time and automatically adjusts signal strength based on recent performance. This creates an adaptive learning mechanism that improves with use. The visual components include: - A prediction line extending from the current price into future time space - Color-coded signals (green for bullish, red for bearish) - An information panel displaying prediction direction, target price, and current accuracy percentage - Entry signals marked with triangles at potential trade points Customize the strategy with adjustable parameters for lookback period, prediction timeframe, indicator weights, and visual preferences. Perfect for day traders looking for an edge in short-term price prediction with a clean, visual representation of anticipated market moves.
Pine Script® indicator
by manindersinghx
Falcon SignalsThis script is a TradingView Pine Script for a trading strategy called "Falcon Signals." It combines multiple technical indicators and strategies to generate buy and sell signals. Here’s a breakdown of what the script does: 1. Supertrend Indicator: The script calculates the Supertrend indicator using the Average True Range (ATR) and a specified multiplier (factor). The Supertrend is used to define the trend direction, with a green line for an uptrend and a red line for a downtrend. 2. EMA (Exponential Moving Average): Two EMAs are used: a fast EMA (9-period) and a slow EMA (21-period). The script checks for crossovers of the fast EMA above or below the slow EMA as a basis for buying and selling signals. 3. RSI (Relative Strength Index): The RSI (14-period) is used to measure the momentum of the price. A buy signal is generated when the RSI is less than 70, while a sell signal is generated when it’s greater than 30. 4. Take Profit (TP) and Stop Loss (SL): The script allows users to set custom percentages for take profit and stop loss. The take profit is set at a certain percentage above the entry price for buy signals, and the stop loss is set at a percentage below the entry price, and vice versa for sell signals. 5. Trailing Stop: A trailing stop can be enabled, which dynamically adjusts the stop loss level as the price moves in the favorable direction. If the price moves against the position by a certain trailing percentage, the position will be closed. 6. Engulfing Patterns: The script checks for bullish and bearish engulfing candlestick patterns, indicating potential reversals. A bullish engulfing pattern is marked with a teal label ("🔄 Reversal Up"), and a bearish engulfing pattern is marked with a fuchsia label ("🔄 Reversal Down"). 7. Plotting: The script plots various indicators and signals: Entry line: Shows where the buy or sell signal is triggered. Take profit and stop loss levels are plotted as lines. EMA and Supertrend lines are plotted on the chart. Trailing stop line, if enabled, is also plotted. 8. Buy and Sell Labels: The script places labels on the chart when buy or sell signals are triggered, indicating the price at which the order should be placed. 9. Exit Line: The script plots an exit line when the trailing stop is hit, signaling when a position should be closed. 10. Alerts: Alerts are set for both buy and sell signals, notifying the trader when to act based on the strategy's conditions. This strategy combines trend-following (Supertrend), momentum (RSI), and price action patterns (EMA crossovers and engulfing candlestick patterns) to generate trade signals. It also offers the flexibility of take profit, stop loss, and trailing stop features.
Pine Script® indicator
by AnasAlOmari