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Candlestick analysis

15-Min ORB Indicator with Breakout Targets **What this indicator does:** The 15-Min ORB (Opening Range Breakout) Indicator helps traders spot breakout trades by automatically detecting the high and low of the first 15 minutes after a session opens. It then monitors for breakouts above or below this range and plots dynamic take-profit levels based on your chosen multipliers. **How it works:** You set the start time for your session (hour and minute) in the settings. The indicator marks the high and low during the first 15 minutes after your chosen open time, drawing lines on the chart and, if enabled, labels for these levels. If price breaks above the 15-min high, a potential long breakout is identified; if it breaks below the low, a potential short breakout is detected. Upon a breakout, the script calculates the distance from the entry (breakout) to the opposite side of the 15-min range and uses your input multipliers to project two take-profit levels (TP1/TP2). All lines and labels (for the range and targets) can be individually toggled on or off in the settings. Both the 15-min range and the targets can be styled (color, line style, label position). **How to use it:** Add the indicator to your chart. Set the session start hour and minute to match your instrument’s open (e.g., 9:30 for US stocks or futures). Use the settings to customize which levels and labels are shown, their appearance, and the target expansion multiples. When price breaks out above or below the opening range, the script will plot TP1 and TP2 lines at your chosen risk/reward multiples, and label them if desired. You can use the visual levels for trade entries, profit taking, or alerts. **What makes it unique and useful:** > Unlike many basic ORB indicators, this script not only marks the opening range but also tracks breakouts, auto-plots your profit targets based on range expansion, and gives you full control over display (styles, toggles, and label positions). The TP targets are dynamic and can be set to any multiples, adapting to your risk/reward plan and breakout style. Everything is customizable for your own session times, instrument, or trading approach. **Typical uses:** Intraday traders looking for clear breakout setups around the session open. Automated R-multiple target planning for both long and short trades. Visualizing volatility and measuring early price expansion.
Pine Script® indicator
by JWinters318
Mega Rise The Mega Rise indicator helps you find entry points for buying and selling. It uses several indicators and its own algorithm to analyze the market. It works on any timeframe and any currency pair. Индикатор Mega Rise помогает найти точки входа для покупки и продажи. Для анализа рынка он использует несколько индикаторов, а также свой алгоритм. Работает на любом таймфрейме и любой валютной паре.
Pine Script® indicator
by kitttosss
Pattern Finder with MTF Boxes (Break - Fixed)Script Title: MTF Supply/Demand Zone Indicator with Candlestick Pattern Confirmation Short Description: This advanced strategy identifies key Supply and Demand zones (Order Blocks) on higher timeframes (30m & 1h) and then waits for a pullback to these zones on the current timeframe. The final entry signal is triggered upon the appearance of a valid candlestick pattern (e.g., Hammer, Engulfing) within these zones. Full Description: Introduction & Core Concept This script is a powerful trading tool based on a combination of the following concepts: Multi-Timeframe (MTF) Analysis: Identifying significant structures on higher timeframes to understand the bigger market picture. Supply and Demand Zones: Finding areas where an imbalance between buyers and sellers has caused strong price movements. Candlestick Patterns: Using classic candlestick patterns as the final confirmation for entering a trade at these key zones. The main idea is to avoid trading blindly and instead wait for the price to react to a significant zone, then enter with a confirmation signal. How the Strategy Works (Step-by-Step) Identifying the Key Pattern on Higher Timeframes: The script continuously monitors the 30-minute and 1-hour charts to find a specific pattern: a short consolidation period (usually 1-4 candles) immediately followed by a breakout with a powerful, high-momentum candle (Long Bar). This pattern indicates the formation of a fresh Supply or Demand Zone. Drawing the Supply and Demand Boxes: Green Box (Demand Zone): When a minor high is broken by a bullish Long Bar, this area is identified as potential support and marked with a green box. Red Box (Supply Zone): When a minor low is broken by a bearish Long Bar, this area is identified as potential resistance and marked with a red box. White Box (Long Bar / Trigger Zone): This box highlights the range of the Long Bar candle itself. A break of or return to this zone provides important signals. Waiting for a Pullback: After a zone is identified and drawn, the strategy waits for the price on your current chart to pull back into this box. Entry Confirmation with Candlestick Patterns: Once the price enters the box, the script looks for reversal candlestick patterns: In a Demand Zone (Green Box): It looks for bullish patterns like the Hammer, Bullish Engulfing, Bullish Harami, and Morning Star. Upon detection, a BUY label appears on the chart. In a Supply Zone (Red Box): It looks for bearish patterns like the Hanging Man, Shooting Star, Bearish Engulfing, Bearish Harami, and Evening Star. Upon detection, a SELL label appears. Breakout Signal: In addition to reversal signals, if the price breaks the White Box (Long Bar Zone) in the opposite direction, a breakout signal is generated, which could indicate a trend continuation. Visual Elements on the Chart Green/Red Boxes: The primary Supply and Demand zones from higher timeframes. White Boxes: The range of the Long Bar candle that activated the primary zone. BUY/SELL Labels: Trade signals that appear after a candlestick confirmation within the zones. Moving Averages (SMA 100 & 200): Included to help identify the overall market trend. Trades aligned with the trend are generally more reliable. Input Settings period ATR & Bar multiplayer: Allow you to customize the definition of a "Long Bar" based on market volatility. Number of candle for long bar avrage: The lookback period for calculating the average candle body size. multiplayer for tp: A multiplier to calculate the take-profit based on the stop-loss size (Risk-to-Reward ratio). How to Use This Strategy Apply the script to your main trading timeframe (e.g., 5-minute or 15-minute). Wait for a Supply (Red) or Demand (Green) zone to be drawn on your chart. Be patient and wait for the price to return to this zone. If a BUY or SELL label appears, consider it a valid entry signal. Always combine these signals with your own analysis and the overall market context. Disclaimer: This script is an analytical tool and should not be the sole basis for your trading decisions. Always practice proper risk management and thoroughly backtest its performance before using it in a live account.
Pine Script® indicator
by hassansadeghirashed
AZ Dynamic Trend Indicator with Heikin-Ashi### Dynamic Trend Indicator with Heikin-Ashi (v2.7) **Effortlessly identify trends and reversals** with this versatile tool combining multi-timeframe analysis, adaptive moving averages, and Heikin-Ashi smoothing. Here's what it offers: #### 🔍 **Core Features** 1. **Dual Timeframe Analysis**: - Track trends on higher timeframes (e.g., 1H/D) while viewing signals on your current chart. - Toggle between **Heikin-Ashi** or standard candles for cleaner trend visualization. 2. **8 Customizable MAs**: - Choose from **ALMA, HMA, SMA, SWMA, VWMA, WMA, ZLEMA, or EMA** with adjustable periods. - Unique "Trend Strength" metric: `(MA_Close - MA_Open) / (MA_High - MA_Low)` highlights momentum direction. 3. **Smart Signals**: - **Entry/Exit**: Triangles mark crossovers between MA Close/Open. - **Reversal Alerts**: Detects counter-trend moves within a user-defined window (default: 3 bars) after signals. - Color-coded plots: Bullish (🟢), Bearish (🔴), Reversal Bull (🔵), Reversal Bear (🟠). #### 🎨 **Visual Customization** - Toggle **High/Low MA lines**, **Close line**, and **fill colors**. - Adjust colors for all elements to match your chart theme. - Hide signals or reversal markers as needed. #### ⚙️ **Practical Use** - **Trend Following**: Use the MA Close/Open crossover with trend fill colors to confirm direction. - **Reversal Trading**: Capitalize on pullbacks with reversal signals (e.g., after a bearish signal, watch for Bull Reversal markers). - **Multi-Timeframe Confirmation**: Avoid false signals by aligning higher-timeframe trends with your entries. *Ideal for swing traders and trend riders!* **Note**: Adjust `MA Period`, `Reversal Window`, and `Trend Timeframe` for your strategy. Disable Heikin-Ashi in choppy markets for faster reactions. --- *Code v2.7 updates: Optimized reversal logic, added ALMA/ZLEMA support, and enhanced visual controls.*
Pine Script® indicator
by sabuwalaazaz
2
Candle Pattern Detector By Prashanth Bullish Signal (🟢 below candle): Plotted when any of the following occur: ✅ Bullish Engulfing ✅ Bullish Three-Line Strike ✅ Bottom wick ≥ % threshold (default: 80%) Bearish Signal (🔴 above candle): Plotted when any of the following occur: ❌ Bearish Engulfing ❌ Bearish Three-Line Strike ❌ Top wick ≥ % threshold (default: 80%) Only one signal per candle (🟢 or 🔴) If both bullish and bearish conditions happen on same candle → no signal Helps simplify visual clutter while scanning for strong candle patterns
Pine Script® indicator
by prashanth-chinala