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Candlestick analysis

TZADIKAOTTZA1.2 - Triple Convergence🚀 *TZADIK – Triple Convergence* The ultimate convergence indicator that brings clarity through the power of consensus. *What’s Inside?* A smart fusion of *3 powerful momentum-based indicators*: * *SMI (Stochastic Momentum Index)* * *Stochastic RSI* * *CCI Stochastic* 📊 Each one generates its own buy/sell signal — and TZADIKAOT combines them into a clear, unified consensus: * ✅ *3/3 BUY / SELL* – Strong entry signals * ⚠ *2/3 BUY / SELL* – Moderate signals worth watching * ⚪ *Neutral* – No consensus yet 🎯 *Features*: ✔ Dynamic score histogram ✔ Color-coded background zones ✔ Visual arrows + status labels ✔ Real-time signal table ✔ Built-in alerts for full consensus *Who is it for?* Traders who want structured, data-driven signals instead of noise — and a single, trustworthy indicator to guide their decisions. 💡 Designed for clarity, precision, and ease of use on *any timeframe*. No more guesswork. Just signals that matter.
Pine Script® indicator
by tnatan1995
TrendR - Algo v6 Overview The TrendR Algorithm is a sophisticated trend-following trading strategy implemented in Pine Script for TradingView. This professional-grade algorithm combines advanced trend detection, comprehensive risk management, and intelligent market condition filtering to deliver consistent trading performance across various market conditions. Core Algorithm Architecture Volatility-Adaptive Band System The algorithm incorporates a sophisticated volatility measurement system that adapts to changing market conditions. Intelligent Trend State Management The TrendR algorithm features a sophisticated trend state tracking system with hysteresis to prevent false signals. Advanced Risk Management System Professional 1:3 Risk-Reward Framework The algorithm implements a comprehensive risk management system designed for professional trading. Customizable Risk-Reward Ratios : Default 1:3 ratio with user adjustment from 1:1 to 1:10 Percentage-Based Stop Loss : Configurable stop loss distance as a percentage of entry price (default: 2%) Dual Take Profit Methods : - Risk-reward ratio based calculation (recommended for consistent risk management) - Fixed percentage take profit for advanced users requiring specific targets Automatic Order Management : Seamless integration with TradingView's strategy engine for precise execution Position Management Features Entry Price Tracking : Precise entry price recording for accurate SL/TP calculations Dynamic Level Updates : Real-time calculation and display of stop loss and take profit levels Position Size Control : Configurable position sizing based on account equity percentage (default: 1%) Commission and Slippage : Built-in consideration for realistic trading costs (0.1% commission, 3 ticks slippage) Risk Management Calculations The system employs sophisticated mathematical models for risk calculation: Stop Loss Distance : Calculated as percentage of entry price for consistent risk exposure Take Profit Distance : Dynamically calculated based on stop loss distance multiplied by risk-reward ratio Position Sizing : Maintains consistent risk per trade through percentage-based allocation Risk-Adjusted Returns : Optimizes for risk-adjusted performance rather than absolute returns Entry and Exit Management Automatic Position Closure : Intelligently closes opposing positions before entering new trades Risk Management Integration : Automatically places stop loss and take profit orders upon entry Order Sequencing : Ensures proper order execution sequence to prevent position conflicts Alert System : Comprehensive alert notifications for entry, exit, and risk management events Signal Quality Enhancement The algorithm incorporates multiple layers of signal filtering: Volatility Filtering : Adjusts signal sensitivity based on current market volatility Trend Strength Assessment : Evaluates trend momentum before signal generation False Signal Reduction : Employs hysteresis mechanism to prevent whipsaw trades Market Condition Awareness : Adapts signal generation to current market regime Visual Enhancement System Chart Visualization Features The TrendR algorithm provides extensive visual feedback for enhanced trading decision-making: Trend Line Plotting : Dynamic trend lines with color-coded direction indication Basis Line Display : Central reference line showing the calculated trend basis Support/Resistance Levels : Visual representation of dynamic support and resistance levels Risk Management Levels : Clear display of stop loss and take profit levels with color coding Color-Coded Market States Bullish Trend : Green coloring system for upward trend conditions Bearish Trend : Red coloring system for downward trend conditions Gradient Background : Intensity-based background coloring showing trend strength progression Bar Coloring : Optional candlestick coloring based on current trend direction Information Display System Signal Labels : Clear entry point markers with integrated risk management information Risk Management Table : Real-time display of current position parameters and risk metrics Dynamic Updates : Live updating of all visual elements as market conditions evolve Performance Metrics : Visual representation of strategy performance statistics Risk Management Configuration Enable/Disable Toggle : Complete control over risk management system activation Risk-Reward Ratio : Customizable from 1:1 to 1:10 with 0.1 increments (default: 1:3) Stop Loss Percentage : Adjustable from 0.1% to 10% with 0.1% increments (default: 2%) Take Profit Method : Choice between ratio-based or fixed percentage calculation Fixed Take Profit : Alternative percentage-based take profit (range: 0.1%-20%, default: 6%) Visualization Controls Color Customization : User-defined colors for bullish and bearish market conditions Display Toggles : Individual control over bars, background, signals, and risk levels Chart Elements : Selective display of various algorithm components Information Table : Configurable display of real-time strategy metrics Alert and Notification System Comprehensive Alert Framework The TrendR algorithm provides multiple alert types for different trading scenarios: Entry Signals : Immediate notifications for long and short entry opportunities Risk Management Alerts : Specific alerts for positions with active risk management Position Risk Alerts : Advanced warnings when positions approach stop loss levels Strategy Alerts : Dynamic alerts with real-time risk management data integration Alert Message Architecture Static Alerts : Consistent alert messages for basic signal notifications (compatible with Pine Script requirements) Dynamic Strategy Alerts : Real-time data including entry prices, SL/TP levels, and risk ratios Risk Event Alerts : Specialized notifications for stop loss and take profit activations Market Condition Alerts : Notifications for significant market regime changes Performance Characteristics Optimal Market Conditions The TrendR algorithm demonstrates exceptional performance in: Trending Markets : Clear directional moves with sustained momentum and defined trend channels Medium to Long-term Timeframes : Reduced noise environment with clearer trend identification Volatile Assets : Benefits from volatility-adaptive band system and dynamic risk management Liquid Markets : Optimal execution environment with minimal slippage impact Algorithm Strengths Trend Following Excellence : Captures major market moves with minimal lag through advanced EMA system Risk Management Integration : Professional-grade position protection with customizable parameters Market Adaptability : Automatically adjusts to changing market volatility conditions Visual Clarity : Comprehensive chart visualization system for enhanced decision support Customization Flexibility : Extensive parameter adjustment capabilities for different trading styles Performance Metrics Win Rate Optimization : Designed to maximize risk-adjusted returns rather than win percentage Drawdown Control : Risk management system limits maximum position risk exposure Profit Factor Enhancement : 1:3 risk-reward ratio improves overall profit factor Consistency : Standardized risk per trade creates predictable performance patterns Implementation Details Technical Specifications Platform : TradingView Pine Script v6 with full strategy functionality Strategy Type : Overlay strategy with integrated risk management system Position Sizing : Percentage of equity based with configurable allocation Commission Model : Percentage-based commission structure with realistic slippage modeling Execution Model : Market orders with automatic stop loss and take profit placement Backtesting Framework Date Range Control : Configurable start and end dates for comprehensive historical testing Performance Metrics : Detailed strategy performance analysis with risk-adjusted metrics Risk Analytics : Comprehensive risk measurement including maximum drawdown and Sharpe ratio Trade Analysis : Individual trade performance tracking with entry/exit analysis Code Architecture The implementation follows professional software development principles: Modular Design : Separate functions for trend calculation, risk management, and visualization Single Responsibility : Each function handles a specific aspect of the algorithm Clean Code Structure : Well-organized sections with comprehensive commenting Error Handling : Robust handling of edge cases and market conditions Implementation
Pine Script® strategy
by AbokiXWalter
Deviation between Quantity and Price - Event Contract Quantitative strategy is a strategy developed based on trading volume and price behavior, mainly to capture the deviation between trading volume strength and price behavior in the short term, and set it as a unique fixed position of two K-lines. Therefore, this strategy is only applicable to event contract trading!!! Note: The indicators and parameters of this strategy are specifically selected for the 5-minute cycle of ETH contracts, so they are not applicable to other varieties and cycles! This strategy combines multiple technical indicators, quantitative analysis, and market trend filters to identify high probability trading opportunities and support both long and short trades. Its core features include: Quantitative analysis: Focus on the surge in trading volume, and confirm market momentum through indicators such as net trading volume (OBV) and cash flow (CMF). Price behavior: Analyze the K-line pattern (such as long/short breaks) and its entity to full range ratio to ensure the reliability of price movements. Trend filtering: Use exponential moving averages (EMA), average trend indices (ADX), and custom benchmark moving averages (Base MA) to confirm trend direction and strength. External market environment: Introduce Bitcoin (BTC/USDT) trend data to align with broader market sentiment. Risk management: Manage risks through controlling position size, trading direction, and cooling off periods after losses. Performance tracking: Provide a detailed statistical panel to monitor transaction frequency, win rate, and continuous profit/loss records. Those who need a strategy can contact me for authorization.
Pine Script® strategy
by on524
First 15-Min Candle High/Low with Breakout AlertsDescription (for Publishing on TradingView): This Pine Script automatically plots the high and low of the first 15-minute candle of each trading day. ✅ Features: 🟢 Green horizontal line for High 🔴 Red horizontal line for Low Automatically resets each day Designed for Indian markets (IST), with market open at 09:15 AM 💡 These levels are commonly used by intraday traders as breakout zones, support/resistance, or reference points for scalping and price action strategies. 📊 Best Used On: 1-min, 5-min, or 15-min timeframes Instruments like Bank Nifty, Nifty, major NSE stocks, and global markets with adjustable timing 📌 For custom time zones, adjust the session timestamps.
Pine Script® indicator
by trader_ramjiram
First 15-min Candle High/LowFirst 15-Min Candle High/Low – Intraday Range Indicator This script plots the High and Low of the first 15-minute candle of the trading day using: 🟢 Green horizontal line for the first 15-min High 🔴 Red horizontal line for the first 15-min Low These levels are commonly used by intraday traders as: Breakout zones Support/resistance levels Entry/exit reference points The script is designed to reset daily and is especially helpful for index and equity traders operating during market open volatility. ⏰ Optimized for markets operating in IST (Indian Standard Time), such as NSE/BSE, starting at 09:15 AM. 🛠️ How to Use: Apply on 15-minute or lower timeframes Ideal for breakout strategies, opening range setups, or volatility scalping
Pine Script® indicator
by trader_ramjiram
LA SOÑADA 7000 4h//@version=5 strategy(title='LA SOÑADA 7000 4h', calc_on_order_fills=true, calc_on_every_tick=false, initial_capital=10000, commission_type=strategy.commission.percent, commission_value=0.04, overlay=true, default_qty_type=strategy.cash, default_qty_value=60000) buffer = input.float(title='buffer', defval=0.3, minval=0, step=0.1) b1 = close * (1 + buffer / 100) b2 = close * (1 - buffer / 100) strategy.entry('Long', strategy.long, when=close > b1, comment='entry') strategy.close('Long', when=close < b2, comment='exit') //money management stop_loss = input.int(15, 'Stop loss %', minval=1, step=1) sl = strategy.position_avg_price * (1 - stop_loss / 100) close_Stop = close < sl strategy.close('Long', when=close_Stop, comment='Stop loss') Target_profit = input.int(50, 'Target Profit %', minval=1, step=1) tp = strategy.position_avg_price * (1 + Target_profit / 100) close_Target = close > tp strategy.close('Long', when=close_Target, comment='Target')
Pine Script® strategy
by federicomiranda13
DAILY LEVELDAILY LEVEL Indicator User Guide-especially for crypto This indicator automatically draws five horizontal lines on your chart, representing the previous trading day's High, Low, Mid (average of High and Low), Open, and Close prices. Each line is labeled with its corresponding value. It is designed for intraday traders to quickly reference key price levels from the previous day, helping to identify support/resistance and make trading decisions. "pdH / pdL / pdEQ / pdOpen / pdClose" Correspond to the previous day's High, Low, Mid, Open, and Close, respectively. You can customize the color and style (solid, dotted, dashed, arrow, etc.) for each line. "Line Width (width)": Sets the thickness of all horizontal lines (range: 1–5). "Distance": Sets the horizontal offset of the labels from the current bar to avoid overlapping with candles (range: 1–200). 1.Add the Indicator 2.On the TradingView chart, click "Indicators," search for, and add this script. 3.Customize Parameters: Adjust the color, style, line width, and label distance for each line in the settings panel to suit your preferences. 4.Indicator Display: The indicator will automatically display the previous day's High, Low, Mid, Open, and Close as horizontal lines on the far right of the chart, with value labels (e.g., pdH: 1234.56) next to each line. DAILY LEVEL 指标用户说明 本指标用于在K线图上自动绘制加密货币前一交易日的高点（High）、低点（Low）、中点（Mid）、开盘价（Open）、收盘价（Close）五条水平线，并在每条线上显示对应的数值标签。适用于日内交易者快速参考前一日关键价位，辅助判断支撑/阻力和交易决策。 pdH / pdL / pdEQ / pdOpen / pdClose分别对应前一日的高点、低点、中点、开盘价、收盘价。 每项都可自定义线条颜色和样式（实线、虚线、点划线、箭头等）。 线宽width: 设置所有水平线的粗细，范围1~5。 distance距离: 设置标签距离当前K线的水平偏移量，避免标签遮挡K线，范围1~200。 添加指标：在TradingView图表页面，点击“指标”，搜索并添加本脚本。 自定义参数：可在参数面板中调整每条线的颜色、样式、线宽和标签距离，满足个性化需求。 指标显示：指标会自动在图表最右侧显示前一日的高、低、中、开、收五条水平线，并在每条线右侧显示对应的数值标签（如：pdH: 1234.56）。
Pine Script® indicator
by CJWtrader123
2
Intraday BUY/SELL & AUTO SL (5-min timeframe only) by chaitu50c)Intraday BUY/SELL & AUTO SL (5-min timeframe only) by chaitu50c This indicator provides intraday traders with BUY/SELL reversal signals and automated SL (Stoploss) tracking, based on a 3-candle reversal block logic — designed to work exclusively on the 5-min timeframe. Key Features: • 3-Candle Reversal Logic — Signals are generated when a defined 3-candle reversal pattern is detected (body-close breakout). • Current Session Only — All signals and SL lines are valid only for the current session and automatically reset at session start. • BUY/SELL Signal Labels — Visual ▲ and ▼ labels mark valid reversal signals on the chart. • Dynamic Auto SL Lines — Plots dashed SL lines based on the reversal block's low/high. • SL HIT Tracking — If SL is broken, the line stops extending and a ‘SL HIT’ label is displayed at the midpoint of the SL line. • Adjustable Visual Settings — Customize signal label size, SL line width, colors, and more. • Clean & Lightweight — Optimized for intraday use without cluttering the chart. How to Use: You can trade this indicator in two ways: 1. Direct Signal Entry — Take a BUY or SELL trade when a valid ▲/▼ reversal signal forms. 2. SL HIT Re-entry — If an existing SL line is broken and ‘SL HIT’ appears, you can optionally take an opposite side trade in the direction of the SL HIT. Example: A BUY signal is generated and an SL line is plotted below. If price breaks the SL (SL HIT appears), you may consider entering a SELL trade at that point — as it indicates weakness. Important Notes: • Works only on 5-min timeframe — Set your chart to 5-min for correct behavior. • Designed for intraday trading — all signals and SL levels reset at session start. • Does not carry signals between sessions. • SL lines and HIT labels provide a clear and simple visual aid for trade management. ---
Pine Script® indicator
by chaitu50c
10
London / NY / Tokyo BreakoutLondon / NY / Tokyo Breakout Signal This indicator analyzes price action during the London, New York, and Tokyo trading sessions by defining a price range (box) formed at the beginning of each session. At the end of the session, it tests whether the price range is broken. When the box is broken, it generates a long or short breakout signal on the first breakout bar. Features: User-configurable session start and end times with support for local time and GMT offset Boxes visually display the high-low range formed during each session Long and short breakout signals plotted on the chart upon price breaking the box Alert conditions for all breakout signals Customizable colors for boxes and signals Use case : Ideal for breakout strategies based on consolidation during London, New York, and Tokyo sessions in Forex, equities, commodities, and other markets.
Pine Script® indicator
by MeteBoymen
London / NY / Tokyo Breakout (Breakout Sinyali)London / NY / Tokyo Breakout Signal This indicator analyzes price action during the London, New York, and Tokyo trading sessions by defining a price range (box) formed at the beginning of each session. At the end of the session, it tests whether the price range is broken. When the box is broken, it generates a long or short breakout signal on the first breakout bar. Features: User-configurable session start and end times with support for local time and GMT offset Boxes visually display the high-low range formed during each session Long and short breakout signals plotted on the chart upon price breaking the box Alert conditions for all breakout signals Customizable colors for boxes and signals Use case: Ideal for breakout strategies based on consolidation during London, New York, and Tokyo sessions in Forex, equities, commodities, and other markets.
Pine Script® indicator
by MeteBoymen
TitansAlgo Sureshots v2Overview: The TitansAlgo Sureshots indicator is a breakout trading strategy designed to capitalize on the first candle of the market session. It identifies buy and sell signals based on price breakouts and automatically calculates stop-loss (SL) and take-profit (TP) levels using a risk-reward ratio (RR) parameter. Entry Logic: A buy signal is generated when price breaks above the first candle’s high. A sell signal is generated when price breaks below the first candle’s low. The system ensures only one trade per day to avoid overtrading. Risk Management: The stop-loss (SL) is placed at the opposite side of the first candle’s range. The take-profit (TP) is calculated dynamically using the Risk-Reward Ratio (RR) input (default = 2.0). Visual Signals & Alerts: Green dots (Buy Signal) appear below bars when a long position is triggered. Red dots (Sell Signal) appear above bars when a short position is triggered. Buy and Sell Labels appear on the next candle to confirm trade signals. Lines for TP and SL are drawn on the chart for better visualization. Custom Styling: Background highlights the first candle of the session. Candles are color-coded: Green for bullish bars Red for bearish bars Wick colors match candle sentiment Ideal for Traders Who: ✅ Prefer breakout trading strategies based on market structure. ✅ Want a simple yet effective system with built-in risk management. ✅ Need clear visual signals for entry and exit points. ✅ Trade on intraday timeframes and follow structured trading rules. This indicator is designed to provide high-probability trade setups, making it a valuable tool in the TitansAlgo suite for traders looking to optimize their market entries and exits. 🚀
Pine Script® indicator
by ruthmarktrading
Inside Bar Candle Color with Bullish/Bearish AlertTitle: Inside Bar Candle Color with Bullish/Bearish Alerts Description: This indicator highlights Inside Bars based on candlestick structure and colors them according to bullish or bearish sentiment. It also includes real-time alerts for both bullish and bearish inside bars. Key Features: Detects inside bars (including equal highs/lows) Bullish inside bars are highlighted in green (customizable) Bearish inside bars are highlighted in red (customizable) Alerts included: Bullish inside bar alert Bearish inside bar alert Works on all timeframes and instruments What is an Inside Bar? An inside bar is a candlestick whose high and low are completely within the range of the previous candle. It often signals market consolidation or a potential breakout setup. How to Use: Use inside bars as part of a breakout or continuation strategy Combine with trend direction, support/resistance, or volume for confirmation Customize the candle colors to match your chart theme Note: This indicator does not provide buy or sell signals. It's a visual tool designed to support price action traders in identifying low-volatility zones and potential setups.
Pine Script® indicator
by Zakkenvuller4Life
Engulfing Bar AggressiveEngulfing Bar Aggressive Engulfing Bar Aggressive is a precise price action indicator designed to detect strong bullish and bearish engulfing patterns in an aggressive way. This tool is perfect for traders who want early and confirmed signals based purely on candle formations, without relying on any indicators or moving averages. 🔍 Core Logic The indicator scans for 2-bar engulfing patterns with additional strict conditions: Bullish Engulfing Current candle closes bullish (close > open). Previous candle closes bearish (close < open ). Current close completely engulfs previous open and high. Current open is below previous close. Signal triggers only after bar closure (confirmed pattern). Bearish Engulfing Current candle closes bearish (close < open). Previous candle closes bullish (close > open ). Current close completely engulfs previous open and low. Current open is above previous close. Signal triggers only after bar closure (confirmed pattern). 🛠 Features Clear visual markers on the chart (green for bullish, red for bearish). Configurable generic alert to receive notifications for any engulfing pattern detected. Dedicated alerts for bullish and bearish engulfing setups. Works on any timeframe and any market. 🎯 Use Case Ideal for breakout traders, reversal traders, or as part of a multi-factor strategy. Can be combined with support/resistance zones, ATR exhaustion levels, or trend filters for enhanced accuracy.
Pine Script® indicator
by Giancarlo_Adorno
Candle Closer Levels & TP Zones📝 Description: This indicator is designed to provide intrabar trade levels for high-speed execution strategies, such as scalping and intraday momentum trading. 🧩 Key Features: Plots High, Low, Mid, and two Quarter Levels on the current candle only, keeping charts clean Take Profit (TP) lines are calculated as a percentage of candle range, not fixed ticks — this makes it highly adaptable for futures like NQ/ES or volatile markets like crypto Supports both long and short setups via a simple toggle Customizable colors, line thickness, and length Each TP level can be enabled or muted individually 📈 Use Case: Apply this tool to spot candle-based breakouts or rejections. You can scale TPs dynamically based on the strength of the current candle. This is especially helpful in assets where volatility fluctuates greatly intrabar. This is not a repackaged built-in indicator — it’s purpose-built for real-time tactical level plotting without historical noise.
Pine Script® indicator
by weemhoff
FVG Candle TYHE42This indicator highlights potential Fair Value Gaps by applying a color change to the body of the candle that aligns with an imbalance in price movement. When such a gap is detected in the price structure, the corresponding candle is visually marked using a customizable color, allowing for easy identification without cluttering the chart. Users can adjust the highlight color from the settings to better match their chart style or personal preference.
Pine Script® indicator
by TYHE42
1