Double Bottom and Top Hunter### Türkçe Açıklama:
Bu strateji, grafikte ikili dip ve ikili tepe formasyonlarını tespit ederek otomatik alım ve satım işlemleri gerçekleştirir. İkili dip, fiyatın belirli bir dönem içinde iki kez en düşük seviyeye ulaşması ile oluşur ve bu durumda strateji long (alım) işlemi açar. İkili tepe ise fiyatın belirli bir dönem içinde iki kez en yüksek seviyeye ulaşması ile oluşur ve bu durumda strateji short (satış) işlemi açar.
- **Dönem Uzunluğu ve Geriye Dönük Kontrol:** Strateji, varsayılan olarak 100 periyotluk bir zaman dilimini temel alır ve bu süre boyunca en düşük ve en yüksek fiyat seviyelerini belirler. Geriye dönük kontrol süresi de 100 periyot olarak ayarlanmıştır.
- **İşlem Açma Koşulları:** İkili dip tespit edildiğinde long pozisyon, ikili tepe tespit edildiğinde short pozisyon açılır.
- **İşlem Kapatma Koşulları:** İkili dipte, en yüksek seviyeye (HH) ulaşıldıktan sonra fiyatın daha düşük bir seviye (LL) yapması durumunda pozisyon kapanır. İkili tepede ise tam tersi bir durumda, pozisyon kapanır.
- **Zigzag Çizimi:** İkili dip ve tepe formasyonları, grafik üzerinde yeşil (dipler) ve kırmızı (tepeler) zigzag çizgileri ile gösterilir.
Bu strateji, özellikle 1, 3 ve 5 dakikalık kısa zaman dilimlerinde yüksek başarı oranına sahiptir ve piyasadaki kısa vadeli trend dönüşlerini yakalamada etkili bir araçtır.
### English Explanation:
This strategy automatically executes buy and sell orders by detecting double bottom and double top formations on the chart. A double bottom occurs when the price reaches a low level twice within a specific period, prompting the strategy to open a long (buy) position. Conversely, a double top forms when the price reaches a high level twice, leading the strategy to open a short (sell) position.
- **Period Length and Lookback Control:** By default, the strategy is based on a 100-period length, during which it identifies the lowest and highest price levels. The lookback control period is also set to 100 periods.
- **Entry Conditions:** A long position is opened when a double bottom is detected, while a short position is opened when a double top is identified.
- **Exit Conditions:** In the case of a double bottom, the position is closed after the price reaches a higher high (HH) and then makes a lower low (LL). For a double top, the opposite occurs before closing the position.
- **Zigzag Plotting:** The double bottom and top formations are visually represented on the chart with green (bottoms) and red (tops) zigzag lines.
This strategy is particularly successful in short timeframes such as 1, 3, and 5 minutes and is an effective tool for capturing short-term trend reversals in the market.
Candlestick analysis
Midpoint Candle and BodyThis script provides the options to mark the:
1. Midpoint of the candle body and/or
2. Midpoint of the full candle (including the wicks)
Works on all timeframes. This indicator can be used to help determine the mean (midpoint) reversion of price.
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Curious Buy - Sell Indicator - Institutional Zones (Smart Money)How the Script Works:
1. The Scripts identifies Institutional Demand , Supply & Neutral Zones with FIBS on the scripts with Rectangle BOX with labels in advance. User can insert desired start and end value to plot institutional zones
2. Script generates BUY - SELL signals shape based on candle stick formation in live market and labels with BUY - SELL image for easy identification
3. Script gives pop message EXIT SHORT once Buy spotted and candle close above the buy signal and same way EXIT LONG once Sell spotted and candle close below the buy signal
4. Scripts identifies the candle closing above the BUY - SELL signals Eg - If buy spotted the candle closing above the BUY signal with display with BLUE color Candle same way for sell signal the candle closing below the sell signal candle with display with BLACK color candle.
5. Script spots fake signals which are not valid and can be ignored by the end user
6. Three EMA's 20,50,200 has implemented to identify the strength of the market
7. Scripts identifies OPEN = LOW & OPEN = HIGH candle stick to spot the Institutional BUY - SELL activity
8. The script provides visual clues on the chart to help users identify potential trading opportunities.
9. The script provides visual clues on the chart to help users identity potential trading opportunities in live market
10. The looks and parameters of the script can be modified by end user to customize and adapt to different strategy.
11. With the script user can check higher time frame DAILY \ WEEKLY BUY - SELL signals to plan intraday trades and plan safe BUY - SELL positions.
How Users Can Make Profit Using This Script:
1. Identify potential BUY - LONG opportunities: When a valid BUY is detected and condition is met, it is suggested to opening BUY position with stoploss below the BUY signal spotted candle.
Safe users can execute BUY position once BLUE COLOR candle is formed, Wait for pull back to reduce the stoploss
2. Identify potential SELL - SHORT opportunities: When a valid SELL is detected and condition is met, it suggests a potential opening SELL positions with stoploss above the BUY signal spotted candle. Safe users can execute SELL position once BLACK COLOR candle is formed, Wait for pull back to reduce the stoploss.
3. Script generated BUY - SELL signal met target with the Institutional zone. Eg if BUY spotted at demand zone target will be neutral zone & Supply zone.
4. Script designed for user to spot high probability trades when BUY SIGNAL SPOTTED at the Institutional Demand zone same way SELL SIGNAL SPOTTED AT INSTITUTIONAL supply zone.
5. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals with fundament analysis , market sentiment to make more informed trading decision
6.Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the scripts signals. To avoid potential losses user once spotted BUY - SELL execute the long or short position. Ensure to place the stoploss to avoid potential losses and place the target. Once your trade is moving in your favor
can trial your stoploss to cost and protect the profits.
LPP by NanoLimitThis indicator allows you to create a line like the MA but for a percentage below the price line
4C Data Table SuiteOverview
The 4C Data Table Suite is a versatile TradingView indicator, designed for traders who focus on the critical role of prior bar levels in their strategy. By highlighting the high and low points of previous bars, this tool aids in pinpointing crucial support and resistance zones, which often act as psychological triggers for market participants. The unique feature of this indicator is its dual-color coding: it colors bars green for bullish closes and red for bearish closes in the Prior Bar Table, and for the current timeframe, it highlights whether the current price is above (green) or below (red) these levels.
Concepts
1 — This sophisticated indicator is not just about visual cues; it provides a rich tableau of data including:
• Current timeframe countdown to bar close
• GMT-adjusted clock for precise trade timing
• Real-time updates on market internals and volatility measures such as the NYSE TICK and ATR
2 — The configuration is highly customizable, allowing users to:
• Adjust the table's positioning and text size
• Choose color settings for text, background, and borders to suit their visual preference
• Toggle the display of various data components based on their trading needs
3 — The Prior Bar Table is particularly valuable for:
• Traders using prior bar levels as triggers for trade entries and exits
• Quick visual assessment of market sentiment
• Real-time decision-making supported by dynamic color coding based on current price movements relative to prior highs and lows
Features
• Prior Bar Levels Table: Visualizes high and low levels of prior bars with intuitive color coding, aiding traders in assessing market trends.
• Dynamic Color Coding: Updates colors based on the closure of the previous bar and current price positions relative to the past bar's highs and lows.
• Comprehensive Market Data: Includes a suite of essential data such as market internals, the prior bar’s range, and the latest price information.
• Customizable Visuals: Offers extensive options for customizing the appearance and data presented, ensuring the tool fits seamlessly into any trader's strategy.
How to Use
1. To add the indicator, search for "4C Data Table Suite" under indicators on TradingView and apply it to your chart.
2. Navigate to the indicator settings to customize the display properties, including table position, color schemes, and which data points to display.
3. Utilize the toggles within the "Prior Bar Levels Table" settings to adjust the visibility and behavior of the table, depending on your trading approach.
Limitations
• This indicator is optimized for use on time-based charts and may not perform as intended on tick charts or non-standard timeframes.
• The color coding is based on the closure of bars, which may not always reflect intrabar movements, potentially affecting real-time decision-making in highly volatile markets.
Notes
• Ensure your TradingView interface is set to the correct timezone settings to align the GMT clock accurately.
• The dynamic color updates are designed to provide at-a-glance insights but should be used in conjunction with other analysis tools for best results.
*If you find that the indicator is blocking some of the candles at the bottom of the screen, go to (Chart) Settings, Canvas, and then adjust the Bottom/Top margin by increasing the % Amount.
Thanks
Special thanks to the TradingView community and developers whose feedback and insights have helped refine the functionalities of the 4C Data Table Suite. Your collaborative spirit is what makes continuous improvement possible.
Normalized and Smoothed Cumulative Delta for Top 5 NASDAQ StocksThis script is designed to create a TradingView indicator called **"Normalized and Smoothed Cumulative Delta for Top 5 NASDAQ Stocks."** The purpose of this indicator is to track and visualize the cumulative price delta (the change in price from one period to the next) for the top five NASDAQ stocks: Apple Inc. (AAPL), Microsoft Corporation (MSFT), Alphabet Inc. (GOOGL), Amazon.com Inc. (AMZN), and Meta Platforms Inc. (FB).
### Key Features of the Script:
1. **Ticker Selection**:
- The script focuses on the top five NASDAQ stocks by automatically setting their tickers.
2. **Price Data Retrieval**:
- It fetches the closing prices for each of these stocks using the `request.security` function for the current timeframe.
3. **Delta Calculation**:
- The script calculates the delta for each stock, which is simply the difference between the current closing price and the previous closing price.
4. **Cumulative Delta Calculation**:
- It calculates the cumulative delta for each stock by adding the current delta to the previous cumulative delta. This helps track the total change in price over time.
5. **Summing and Smoothing**:
- The cumulative deltas for all five stocks are summed together.
- The script then applies an Exponential Moving Average (EMA) with a period of 5 to smooth the summed cumulative delta, making the indicator less sensitive to short-term fluctuations.
6. **Normalization**:
- To ensure the cumulative delta is easy to interpret, the script normalizes it to a range of 0 to 1. This is done by tracking the minimum and maximum values of the smoothed cumulative delta and scaling the data accordingly.
7. **Visualization**:
- The normalized cumulative delta is plotted as a smooth line, allowing users to see the overall trend of the cumulative price changes for the top five NASDAQ stocks.
- A horizontal line is added at 0.5, serving as a midline reference, which can help traders quickly assess whether the normalized cumulative delta is above or below its midpoint.
### Usage:
This indicator is particularly useful for traders and investors who want to monitor the aggregated price movements of the top NASDAQ stocks, providing a high-level view of market sentiment and trends. By smoothing and normalizing the data, it offers a clear and concise visualization that can be used to identify potential market turning points or confirm ongoing trends.
Long and Short Positions on EMA and Pivot Cross with Candle Size
This Pine Script indicator identifies long and short trading signals based on specific criteria involving candle body size, EMA, and pivot levels.
Long Position ("Buy" Signal): A "Buy" signal is triggered when a green candle (close > open) with a body size of at least 10 crosses above the 9 EMA and any of the daily pivot levels (R1, R2, R3, R4, R5, S1, S2, S3, S4, S5).
Short Position ("Sell" Signal): A "Sell" signal is triggered when a red candle (close < open) with a body size of at least 10 crosses below the 9 EMA and any of the pivot levels.
The script plots only the "Buy" and "Sell" signals on the chart, without displaying the EMA or pivot levels.
LibyanSatoshi Wick FillThis is an indicator for wick fill strategy, It is an approach that focuses on the movement of price back into the 50% of a previous candle's wick. Here's an overview of this strategy:
The strategy is based on the idea that price often retraces to fill gaps or wicks left by strong moves in the market.
It particularly looks at candles with long wicks, which represent areas where price moved significantly but then reversed.
Long Wick Candles : These are candles where the wick (upper or lower shadow) is significantly longer than the body.
Trading Approach:
Entry: Traders enter a position when price starts moving back into the wick of a previous candle.
Stop Loss: Often placed beyond the end of the wick being filled.
Take Profit: Can be set at the opposite end of the candle whose wick is being filled, or at other significant levels.
Confluence:
Most effective when combined with other technical analysis tools or when the wick coincides with significant support/resistance levels.
Risks:
Not all wicks get filled, and price can reverse before reaching the full extent of the wick.
False signals can occur in choppy or ranging markets.
Benefits:
Provides clear entry and exit points.
Can be an effective way to enter trends or identify potential reversals.
Considerations:
Market sentiment is crucial; wick fills may have different implications in trending vs. ranging markets.
The size of the wick and the time frame it appears on can affect the reliability of the signal.
While the wick fill strategy can be a useful tool in a trader's arsenal, it's important to use it in conjunction with other forms of analysis and proper risk management. As with any trading strategy, it's not foolproof and requires practice and discretion to use effectively.
Daily Open [Kintsugi Trading]Daily Open
The "Daily Open" indicator by Kintsugi Trading is designed to give traders clear and immediate access to daily open prices, enhancing their ability to spot key market levels and make informed trading decisions. The indicator dynamically changes the color of the plotted line based on the current price's relationship to the opening price of the regular market session. This visual aid helps traders quickly assess whether the current price is trading above or below the opening price of the session.
Key Features:
Daily Open Visualization: Automatically plots the daily open price on your chart, providing a clear reference point for daily price action.
Configurable Market Open Time: The indicator allows users to input the start time of the regular market session (default is set to 9:30 AM).
Color-Coded: The indicator dynamically adjusts the color of the daily open line and price labels based on whether the price is above or below the open, giving you quick visual cues about market sentiment.
Customization Options: Users can modify the line's appearance, including the color and style, to better fit their chart preferences.
Ideal For:
This indicator is particularly useful for day traders and those looking to closely monitor price action in relation to the market's opening level. It serves as a quick reference point for identifying potential bullish or bearish sentiment throughout the trading day.
Good luck with your trading!
principles of fu### Detailed Description of the Script
#### **Title:**
"**Bullish and Bearish Engulfing with Conditional Rays and Wick Markers**"
#### **Purpose:**
This Pine Script indicator identifies and marks **bullish and bearish engulfing candle patterns** on a price chart. Additionally, it plots **two rays** (lines) for each detected pattern: one at the wick's extremity and another at the midpoint of the wick and the candle body. The indicator manages the display of these rays based on specific conditions, ensuring they remain on the chart until price action invalidates them.
#### **Components and Functionality:**
1. **Inputs and Customization:**
- **Lookback Period:** The script looks back 100 candles to manage and maintain rays on the chart.
- **Ray Colors:**
- `Bullish Ray Color`: Grey (default) for the ray at the low wick of the bullish engulfing candle.
- `Bearish Ray Color`: Grey (default) for the ray at the high wick of the bearish engulfing candle.
- `Bullish Midpoint Ray Color`: Blue (default) for the ray plotted at the midpoint between the body low and the low wick of the bullish engulfing candle.
- `Bearish Midpoint Ray Color`: Orange (default) for the ray plotted at the midpoint between the body high and the high wick of the bearish engulfing candle.
2. **Engulfing Candle Detection:**
- **Bullish Engulfing:**
- Occurs when a previous bearish candle (closing lower than its open) is followed by a candle that closes above the high of the previous candle and has a low equal to or lower than the previous candle's low.
- **Bearish Engulfing:**
- Occurs when a previous bullish candle (closing higher than its open) is followed by a candle that closes below the low of the previous candle and has a high equal to or higher than the previous candle's high.
3. **Ray Plotting:**
- **Wick Rays:**
- For a **bullish engulfing candle**, a ray is plotted at the **low wick** of the bullish candle.
- For a **bearish engulfing candle**, a ray is plotted at the **high wick** of the bearish candle.
- **Midpoint Rays:**
- For a **bullish engulfing candle**, a midpoint ray is plotted at the midpoint between the **body low** (the lower of the open or close) and the **low wick**.
- For a **bearish engulfing candle**, a midpoint ray is plotted at the midpoint between the **body high** (the higher of the open or close) and the **high wick**.
4. **Ray Management and Deletion:**
- **Bullish Rays:**
- The rays (both wick and midpoint) are removed if a subsequent candle's close falls below the **bullish ray** level (low wick of the bullish engulfing candle).
- **Bearish Rays:**
- The rays (both wick and midpoint) are removed if a subsequent candle's close rises above the **bearish ray** level (high wick of the bearish engulfing candle).
5. **Visualization on the Chart:**
- **Bullish Engulfing Signal:**
- A **plus sign** in **dark grey** is plotted below the candle to signify a detected bullish engulfing pattern.
- **Bearish Engulfing Signal:**
- An **X** in **dark grey** is plotted above the candle to signify a detected bearish engulfing pattern.
### **Overall Workflow:**
1. The script detects bullish and bearish engulfing patterns based on specific candle relationships.
2. It then plots rays corresponding to the wicks and midpoints of these engulfing candles.
3. These rays remain on the chart until the price invalidates them, ensuring that only relevant and active levels are displayed to the trader.
This indicator provides traders with a visual tool to identify key reversal patterns (engulfing patterns) and the critical price levels associated with them, which can be useful for making trading decisions.
Total Bars CalculatorThis indicator simply plots how much bars are available to the user in the respective chart.
For Example if plot shows 5000 , therefore you have total 5000 bars of OHLC available.
[TR] Engulf Patterns by SM
Engulf Pattern by SM
Overview:
The " Engulf Pattern by SM" script is designed to identify bullish and bearish engulfing candlestick patterns on TradingView charts. Engulfing patterns are significant in technical analysis as they often indicate potential reversals in market trends.
Features:
- Bullish Engulfing Pattern Detection: The script identifies bullish engulfing patterns, which occur when a larger bullish candle completely engulfs the body of the previous smaller bearish candle.
- Bearish Engulfing Pattern Detection: Similarly, it detects bearish engulfing patterns, where a larger bearish candle engulfs the body of the preceding smaller bullish candle.
- Body Size Filtering: The script includes a feature to filter patterns based on the size of the candle bodies, allowing for more precise marking of significant patterns.
- Visual Markers: The script plots visual markers on the chart to highlight the detected engulfing patterns, making it easy for traders to spot them.
How It Works:
1. Bullish Engulfing Pattern:
- The script checks for a smaller bearish candle followed by a larger bullish candle.
- The body of the bullish candle must completely cover the body of the bearish candle.
- The size of the bullish candle's body must meet a specified threshold to be considered significant.
2. Bearish Engulfing Pattern:
- The script looks for a smaller bullish candle followed by a larger bearish candle.
- The body of the bearish candle must completely engulf the body of the bullish candle.
- The size of the bearish candle's body must meet a specified threshold to be considered significant.
Usage:
- Add the Script: Apply the " Engulf Pattern by SM" script to your TradingView chart.
- Configure Settings: Customize the script settings to suit your trading strategy, including visual marker styles and body size thresholds.
- Monitor Visual Markers: Keep an eye on the visual markers to identify potential trading opportunities based on engulfing patterns.
Disclaimer:
This script is not intended to be used as a direct entry signal. It should be used as a confluence in your overall trading plan. Always conduct your own analysis and consider multiple factors before making any trading decisions.
Feel free to customize this writeup further to match your specific needs! If you have any other requests or need additional details, just let me know.
Retest Confirm Point TibbuCreating a "Retest Confirm Point" indicator that generates buy and sell signals involves defining criteria to confirm that a price retest is valid before issuing a trade signal. This generally requires identifying a key level (such as support, resistance, or a trendline), detecting a retest of this level, and then confirming the validity of the retest.
Here’s a Pine Script example to help you create such an indicator. This script identifies and confirms retests of previous highs and lows, and generates buy and sell signals based on those retests: Explanation:
Recent High and Low:
The script identifies the highest and lowest prices over a specified lookback period.
These levels are plotted on the chart as reference points.
Retest Conditions:
Retest High: The closing price is within a buffer range around the recent high.
Retest Low: The closing price is within a buffer range around the recent low.
Confirmation:
Confirm High: The closing price reaches a new high over a set number of bars after the retest condition.
Confirm Low: The closing price reaches a new low over a set number of bars after the retest condition.
Signals:
Buy Signal: Issued when a confirmed retest of the recent high occurs.
Sell Signal: Issued when a confirmed retest of the recent low occurs.
Customization:
Lookback Period: Adjust to determine the historical range for finding recent highs and lows.
Confirmation Bars: Change the number of bars used to confirm the retest.
Retest Buffer: Adjust the percentage buffer to fine-tune the retest conditions.
Testing and Optimization:
Backtest: Always backtest the strategy on historical data to ensure it behaves as expected.
Adjust Parameters: Modify parameters based on the asset, timeframe, and market conditions.
Feel free to modify this script further based on your specific trading strategy and needs. If you need help with any additional features or further customization, let me know!
ChatGPT can make mistakes. Check important info.
3-Candle Reversal Strategy with R/R & AlertsThe "Steroid: 3-Candle Reversal Strategy with R/R & Alerts" indicator is designed to detect and highlight three-candle reversal patterns, which signal potential trend changes. This tool is versatile and highly effective, making it an essential addition to any trader's toolkit.
Features:
Pattern Detection:
Bullish Reversal: The indicator identifies a bullish reversal pattern when the second candle forms a new low, and the third candle closes above the high of the second candle. This setup suggests a potential upward trend reversal.
Bearish Reversal: Conversely, a bearish reversal pattern is detected when the second candle forms a new high, and the third candle closes below the low of the second candle, indicating a potential downward trend reversal.
Customizable Entry Points:
For bullish patterns, you can select the entry point based on the high of the 1st, 2nd, or 3rd candle.
For bearish patterns, you can choose the entry point based on the low of the 1st, 2nd, or 3rd candle.
This flexibility allows traders to tailor the strategy to their specific trading style and market conditions.
Risk/Reward Calculation:
The indicator automatically calculates and plots entry, stop-loss, and take-profit levels based on the selected risk/reward ratio. This feature helps traders quickly assess the potential risk and reward of each trade setup.
Alerts:
Custom alerts can be set up to notify you when a bullish or bearish pattern is detected. This ensures you never miss a potential trading opportunity.
Visualization:
The indicator colors the candles involved in the pattern (green for bullish and red for bearish) and plots the corresponding entry, stop-loss, and take-profit levels on the chart. This visual aid makes it easy to see and evaluate potential trades.
Settings:
Candle to place the sign: Choose which candle (1st, 2nd, or 3rd) will be marked when a pattern is detected.
Show Entry Level: Toggle the display of the entry level on the chart.
Show Stop-Loss Level: Toggle the display of the stop-loss level on the chart.
Show Take-Profit Level: Toggle the display of the take-profit level on the chart.
Risk-Reward Ratio: Adjust the risk-reward ratio used in calculating the take-profit level.
Enable Bullish Scenario: Turn on or off the detection of bullish reversal patterns.
Enable Bearish Scenario: Turn on or off the detection of bearish reversal patterns.
How to Use:
Customize Settings: Adjust the settings according to your trading strategy and preferences.
Enable Alerts: Set up alerts to be notified when a pattern is detected, ensuring you stay informed about potential trade setups.
Analyze Patterns: Use the visual cues and calculated levels to evaluate the strength and potential of the detected patterns.
Backtest: Use the strategy on historical data to see how it performs over different market conditions.
This indicator is ideal for traders looking for an automated, reliable way to identify potential trend reversals in any market and on any timeframe. It combines technical analysis with customizable risk management, making it a powerful tool for both novice and experienced traders.
Disclaimer:
This script is for educational purposes only. Trading involves substantial risk and is not suitable for every investor.
Hammers & star Patterns After a Trend
1. **Candlestick Patterns Detection:**
- **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market.
- **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend.
- **Inverted Hammer**: A candle with a small body and a long upper wick, indicating a possible reversal after an uptrend.
2. **Volume Consideration:**
- The script checks if these patterns occur with **high trading volume**. If the volume is significantly higher than the average volume over a certain period, the pattern is highlighted.
3. **Trend Detection:**
- The script looks for a significant trend before the pattern appears:
- **Downtrend**: A significant downward movement in price is required before a Hammer is considered.
- **Uptrend**: A significant upward movement is required before an Inverted Hammer is considered.
4. **Additional Patterns:**
- **Morning Star** and **Evening Star** patterns are also detected:
- **Morning Star**: A three-candle pattern where the first candle is a large bearish candle, followed by a small-bodied candle, and then a large bullish candle, indicating a potential reversal from downtrend to uptrend.
- **Evening Star**: The opposite pattern, signaling a potential reversal from uptrend to downtrend.
5. **Visual Indicators:**
- The script **plots arrows** and **labels** on the chart to show where these patterns occur:
- **Hammers** and **Inverted Hammers** are marked with triangle arrows.
- **Morning Stars** and **Evening Stars** are marked with labels.
In summary, this script helps traders identify key candlestick patterns that may signal potential reversals in price trends, with special emphasis on patterns that occur with high volume and after significant price movements.
NEXT BAR PercentagesNEXT BAR Percentages Indicator
This Pine Script code implements the "NEXT BAR Percentages" indicator, designed to analyze and display percentage changes between consecutive bars on a TradingView chart. The script provides valuable insights into how percentage changes in price behave after significant price movements, aiding traders in identifying potential trends or reversals.
Key Features:
Percentage Change Calculations :
Close-to-Close : Calculates the percentage change between the close of the current bar and the close of the previous bar.
High-to-Close : Calculates the percentage change between the high of the current bar and the close of the previous bar.
Low-to-Close : Calculates the percentage change between the low of the current bar and the close of the previous bar.
High-to-Close (Wick) : Computes the percentage change from the close to the high of the current bar.
Low-to-Close (Wick) : Computes the percentage change from the close to the low of the current bar.
Dynamic Table Display :
Creates a table on the chart to display various statistics related to percentage changes.
The table position is customizable, with options including "Top Left," "Middle Left," "Bottom Left," "Top Right," "Middle Right," "Bottom Right," "Top Center," "Middle Center," and "Bottom Center."
Count and Average Calculations :
High POS/NEG Counts : Counts occurrences of significant positive and negative percentage changes based on user-defined thresholds.
High POS/NEG Average : Computes the average percentage change following high positive and negative percentage changes.
Next Bar Statistics : Provides statistics on the percentage change of the next bar following identified significant price movements.
Visual Indicators :
Labels : Plots arrows on the chart when a high positive or high negative percentage change is detected, visually highlighting these events.
Customizable Input Parameters :
Adjust the thresholds for identifying high positive and negative percentage changes ( highpos, highposEnd, highneg, highnegEnd ).
Specify the start date for analysis ( teststartdate ), allowing for focused period analysis.
Usage:
Traders : Gain insights into price behavior following significant movements to make informed trading decisions.
Analysis : Customizable parameters and visual indicators enable detailed analysis of price action and trend identification.
Enhance your chart analysis with this indicator for a clear, data-driven view of percentage changes and their implications for future price movements.
Market Structure Based Stop LossMarket Structure Based Dynamic Stop Loss
Introduction
The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the concepts of “interim lows/highs.”
It provides a robust framework for managing risk in both long and short positions. By leveraging historical price movements and real time market dynamics, this indicator helps traders identify quantitatively consistent risk levels while optimizing trade returns.
Legend
This indicator utilizes various inputs to customize its functionality, including "Stop Loss Sensitivity" and "Wick Depth," which dictate how closely the stop loss levels hug the price's highs and lows. The stop loss levels are plotted as lines on the trading chart, providing clear visual cues for position management. As seen in the chart below, this indicator dynamically plots stop loss levels for both long and short positions at every point in time.
A “Stop Loss Table” is also included, in order to enhance precision trading and increase backtesting accuracy. It is customizable in both size and positioning.
Case Study
Methodology
The methodology behind this indicator focuses on the precision placement of stop losses using market structure as a guide. It calculates stop losses by identifying the "lowest close" and the corresponding "lowest low" for long setups, and inversely for short setups. By adjusting the sensitivity settings, traders can tweak the indicator's responsiveness to price changes, ensuring that the stop losses are set with a balance between tight risk control and enough room to avoid premature exits due to market noise. The indicator's ability to adapt to different trading styles and time frames makes it an essential tool for traders aiming for efficiency and effectiveness in their risk management strategies.
An important point to make is the fact that the stop loss levels are always placed within the wicks. This is important to avoid what can be described as a “floating stop loss”. A stop loss placed outside of a wick is susceptible to an outsized degree of slippage. This is because traders always cluster their stop losses at high/low wicks, and a stop loss placed outside of this level will inevitably be caught in a low liquidity cascade or “wash-out.” When price approaches a cluster of stop losses, it is highly probable that you will be stopped out anyway, so it is prudent to attempt to be the trader who gets stopped out first in order to avoid high slippage, and losses above what you originally intended.
// For long positions: stop-loss is slightly inside the lowest wick
float dynamic_SL_Long = lowestClose - (lowestClose - lowestLow) * (1 - WickDepth)
// For short positions: stop-loss is slightly inside the highest wick
float dynamic_SL_Short = highestClose + (highestHigh - highestClose) * (1 - WickDepth)
The percentage depth of the wick in which the stop loss is placed is customisable with the “Wick Depth” variable, in order to customize stop loss strategies around the liquidity of the market a trader is executing their orders in.
Candle Speed and AccelerationCandle Speed and Acceleration Indicator
This indicator calculates the speed and acceleration of candlesticks in points per minute (P/M), providing traders with insights into the momentum and volatility of price movements during the trading session.
Features:
Speed Calculation: Measures the change in price per minute, helping you understand how quickly the market is moving.
Acceleration Measurement: Tracks the change in speed between consecutive candles, offering an additional layer of momentum analysis.
Real-Time Display: Shows the current, previous, and second previous candles' speed and acceleration in a table on the chart.
Crosshair Integration: Displays speed and acceleration at the crosshair location, offering instant feedback as you hover over the chart.
Alerts: Notifies you when candle speed exceeds a customizable threshold, helping you catch significant market moves as they happen.
Permanent Markers: Marks candles on the chart when the speed threshold is exceeded, visually highlighting high-speed candles.
This tool is essential for traders who want to analyze the momentum and acceleration of market movements, providing clear visual cues and alerts for potential trading opportunities.
Supertrend (Buy/Sell) With TP & SLSupertrend (Buy/Sell) with TP & SL: An Enhanced Trading Tool
This Pine Script indicator combines the popular Supertrend indicator with multiple take-profit (TP) and stop-loss (SL) levels, providing traders with a comprehensive visual aid for potential entries, exits, and risk management.
Originality
Buffer Zones for Precision: Instead of relying solely on the Supertrend line, this script incorporates buffer zones around it. This helps filter out false signals, especially in volatile markets, leading to more accurate buy/sell signals.
Flexible Stop-Loss: Offers the choice between a fixed or trailing stop-loss, allowing traders to tailor their risk management approach based on their preferences and market conditions.
Multiple Take-Profit Levels: Provides three potential take-profit levels, giving traders the flexibility to secure profits at different stages of a trend.
Heikin Ashi Candles & VWAP: Incorporates Heikin Ashi candles for smoother trend visualization and adds a VWAP line for potential support/resistance levels.
Clear Table Display: Presents key information like Stop Loss and Take Profit levels in a user-friendly table, making it easier to track trade targets.
How It Works
Supertrend Calculation: The Supertrend is calculated using ATR (Average True Range) to gauge market volatility. The script then creates buffer zones around the Supertrend line for refined signal generation.
Buy/Sell Signals:
Buy: When the close price crosses above the upper buffer zone, indicating a potential uptrend.
Sell: When the close price crosses below the lower buffer zone, suggesting a potential downtrend.
Take Profit & Stop Loss:
Take Profits: Three TP levels are calculated based on ATR and a customizable profit factor.
Stop Loss: The stop-loss can be set as either a fixed value based on ATR or as a trailing stop-loss that dynamically adjusts to lock in profits.
How To Use
Add the Indicator: Search for "Supertrend (Buy/Sell) With TP & SL" in the TradingView indicators list and add it to your chart.
Customize Inputs: Adjust parameters like ATR Period, Factor, Take Profit Factor, Stop Loss Factor, Stop Loss Type, etc., based on your trading style and preferences.
Interpret Signals: Look for buy signals when the price crosses above the upper buffer and sell signals when it crosses below the lower buffer.
Manage Risk: Use the plotted Take Profit and Stop Loss levels to manage your risk and potential rewards.
Concepts
Supertrend: A trend-following indicator that helps identify the direction of the prevailing trend.
ATR (Average True Range): A measure of market volatility.
Buffer Zones: Used to filter out false signals by creating a zone around the Supertrend line.
Trailing Stop Loss: A dynamic stop-loss that moves with the price to protect profits.
Heikin Ashi: A type of candlestick chart designed to filter out market noise and make trends easier to identify.
VWAP (Volume Weighted Average Price): An indicator that shows the average price at which a security has traded throughout the day, based on both volume and price.
Important Note: This script is for educational and informational purposes only. Backtest thoroughly and use with caution in live trading. Always manage your risk appropriately.
Big Candle HighlighterBig Candle Highlighter
The Big Candle Highlighter indicator highlights significant candles based on their percentage difference between the open and close prices. This tool helps traders quickly identify candles with substantial price movements, which can be crucial for spotting key price action, potential reversals, or significant market events.
Key Features:
Percentage Threshold : Customize the minimum percentage difference from open to close required to mark a candle as "big."
Bullish and Bearish Markers : Bullish big candles are marked with a label below the bar in green, while bearish big candles are marked with a label above the bar in red.
Background Highlighting : Optionally highlight the background of big candles for better visual emphasis.
Inputs:
Percentage Threshold (% ): Set the percentage threshold to define what constitutes a "big" candle. For example, a threshold of 2.0 means that only candles with a 2% or more difference between open and close will be marked.
Color for Big Bullish Candle : Choose the color for labeling and highlighting bullish big candles.
Color for Big Bearish Candle : Choose the color for labeling and highlighting bearish big candles.
Usage :
This indicator is useful for traders looking to identify significant price movements and potential trading opportunities. By focusing on candles that show substantial changes from open to close, you can better understand market dynamics and make more informed trading decisions.
Add the Big Candle Marker to your charts to enhance your technical analysis and stay ahead of market trends.
Engulfing Candles with Sweep by AydmaxxEngulfing Candles with Sweep Indicator
The "Engulfing Candles with Sweep" indicator identifies bullish and bearish engulfing candles that exhibit liquidity sweeps. It marks these significant candlestick patterns and draws a 50% Fibonacci retracement line from the high to low of the engulfing candle. The indicator helps traders spot potential reversal points where large market players might be accumulating or distributing positions.
Key Features:
Bullish Engulfing Candle with Sweep:
Identifies when a bullish candle (closing higher than it opened) engulfs the previous bearish candle (closing lower than it opened).
Ensures that the bullish candle’s low is lower than the previous candle’s low, indicating a sweep of liquidity.
Marks the identified bullish candle with a symbol below the candlestick.
Draws a 50% Fibonacci retracement line from the high to the low of the bullish engulfing candle.
Bearish Engulfing Candle with Sweep:
Identifies when a bearish candle (closing lower than it opened) engulfs the previous bullish candle (closing higher than it opened).
Ensures that the bearish candle’s high is higher than the previous candle’s high, indicating a sweep of liquidity.
Marks the identified bearish candle with a symbol above the candlestick.
Draws a 50% Fibonacci retracement line from the high to the low of the bearish engulfing candle.
Customizable Settings:
Fibonacci Line Color: Allows customization of the Fibonacci retracement line color for both bullish and bearish engulfing candles.
Fibonacci Line Style: Provides options to choose the line style (solid, dotted, dashed).
Fibonacci Line Width: Enables adjustment of the line width for better visibility.
Toggle Fibonacci Lines: Option to enable or disable the display of Fibonacci retracement lines.
How to Use:
Apply the indicator to your chart.
Look for symbols below or above the candlesticks, indicating bullish or bearish engulfing candles with liquidity sweeps.
Utilize the 50% Fibonacci retracement lines to identify potential support or resistance levels.
Benefits:
Helps in identifying key reversal patterns in the market.
Provides visual aids with Fibonacci retracement levels for potential entry and exit points.
Enhances trading decisions by confirming engulfing patterns with liquidity sweeps.
50%er Lite by Tren10x50%er Script Lite
Overview:
The Tren10x 50%er Script Lite is a streamlined version of my fully-featured 50%er script. It calculates the critical 50% line of the previous candle and extends this functionality to daily, weekly, monthly, quarterly, and yearly levels. This script also detects previous highs and lows for these timeframes, providing a comprehensive view of key price levels. Additionally, it calculates and prints opening levels for the day, week, month, quarter, and year. A custom timeframe feature allows for flexibility in setting 50% and high/low levels, catering to individual trading preferences.
How It Works:
The script leverages Pine Script to calculate the midpoint (50%) of the previous candle's high and low. This midpoint acts as a crucial level for traders to identify potential support and resistance. The same logic is applied to daily, weekly, monthly, quarterly, and yearly timeframes, offering a multi-dimensional perspective on price action.
The script identifies and marks the previous high and low points for these timeframes, which are essential for breakout and breakdown strategies. It also tracks and prints the opening levels for various periods, helping traders gauge market sentiment from the open.
How to Use:
Adding to Chart:
Apply the Tren10x 50%er Script Lite to your TradingView chart.
Configuring Inputs:
Customize the timeframes and levels according to your trading strategy.
Use the custom timeframe feature to set specific periods for 50% and high/low levels.
Analyzing Levels:
Observe the plotted 50% lines and opening levels to identify potential areas of support and resistance.
Utilize the previous high and low markers to spot breakout or breakdown points.
Strategizing Trades:
Incorporate these levels into your trading strategy for entry and exit points.
Monitor price reactions around these critical levels for potential trade setups.
What Makes It Original:
50%er Lite stands out for its simplicity and precision. By focusing on the essential 50% line and previous high/low levels across multiple timeframes, it provides traders with a clear and concise view of the market. The custom timeframe feature adds a layer of personalization, allowing traders to adapt the script to their unique trading styles.
50%er Lite maintains a clean and straightforward approach. It offers essential data without overwhelming the user, making it a valuable tool for both novice and experienced traders.
Future Prospects:
For traders seeking even more advanced features, the fully-fledged version of the 50%er script includes Futures levels.
Session OHLC [neo.|]OHLC/OLHC and Po3 (Power of Three by ICT) are both concepts describing a potential way to describe candle formations. While OHLC stands for Open High Low Close, what it usually refers to is the bearish scenario of how a candle first opens, manipulates until the high then creates the low before closing, and vice versa for OLHC. Po3 goes hand in hand with this concept as a way to sequentialize this candle formation into three separate cycles seen on a lower timeframe known as "Accumulation", "Manipulation", and "Distribution". Where the accumulation in the OHLC scenario would be the range created before the high, the manipulation being the high, and the distribution being the run downwards to the low.
What Session OHLC allows you to do, is to view these Po3 scenarios not through a higher timeframe candle perspective, but instead through a fully customizable session perspective. For example, you might want to see a specific period of time as a candle to simplify the process of identifying an AMD cycle, and all you would need to do is to enter that period of time in the indicator settings, and when you are at that period of time, you will see it being represented as a bar candle, with the session open, high, low, and close being annotated as O, H, L, and C.
This is especially useful for when you want to track the manipulation before a session open, or track a specific time where there is more volume in the market, allowing you to enter trades prior to when a distribution phase will begin.
Currently, you are able to select up to 4 different sessions that will appear on your chart while the session is active, however it is a good idea for the session times you choose not to overlap as the drawings will overlap as well. If you would like to monitor two times that happen to overlap, it is a good idea to add another instance of the indicator to your chart, and adjust the bar offset on one of them in the settings.
