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Candlestick analysis

Multi-Timeframe with TrendLine Cross and Fibonacci LevelsCombined Fib with trendline cross. FIB Levels automatically calculated based on bar lookback. From AleSaira: This indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs. Let's see the characteristics of the trend lines: _Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart. _Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart. _Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level. _Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level. _Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level. _Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone. The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example: Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions. _Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions. Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
Pine Script™ indicator
by rmatarieh
Candle Pattern by sd.This candle pattern-based indicator analyzes price action to identify high-probability trading opportunities. By detecting key candlestick formations, it helps traders make informed decisions with precision. Whether for trend reversal signals, confirmation patterns, or trend continuation insights, this indicator provides clear, actionable alerts, enhancing trading accuracy across various market conditions. Ideal for both beginner and advanced traders aiming to capitalize on candle patterns.
Pine Script™ indicator
by SiddharthDholu
Reptile Candle MarkerReptile Candle Marker The Reptile Candle Marker is a custom indicator designed to identify a specific pattern in price action, known as the "reptile candle." This pattern is characterized by a small body with long wicks on both the upper and lower sides. These candles often indicate indecision or a reversal in the market, making them useful for traders looking for potential turning points. Key Features: Small Body and Large Wicks: The indicator highlights candles with a small body relative to the overall candle range, accompanied by long upper and lower wicks. This is achieved by comparing the size of the wicks to the body and the overall candle range. Volume Confirmation: The indicator ensures that the identified candles are accompanied by high volume, which serves as confirmation of the significance of the price action. Visual Highlighting: When a "reptile" candle is detected, the body of the candle and the wicks are both colored yellow. This allows for easy identification on the chart. Custom Wick Lines: To ensure the wicks stand out, the indicator draws yellow lines above and below the candles, representing the upper and lower wicks. These lines remain fixed in place even as the chart is scaled or moved. How It Works: The indicator identifies candles where: The upper wick is longer than the body by a specified ratio. The lower wick is longer than the body by the same ratio. The candle's body size is small compared to the total candle range (less than 30% of the range). The volume is significantly higher than the 20-period moving average volume, indicating increased market activity. When these conditions are met, the indicator marks the candle by coloring its body and wicks yellow. Additionally, it draws custom yellow wick lines to visually represent the wick size. How to Use: This indicator is designed to highlight potential reversal points or periods of indecision in the market. Traders can use it to spot possible turning points, especially when accompanied by other technical analysis tools such as support/resistance levels or trend indicators. Customizable Parameters: Wick to Body Ratio: Controls the sensitivity for detecting large wicks relative to the candle body. Volume Factor: Adjusts the threshold for identifying candles with significantly higher volume than the moving average.
Pine Script™ indicator
by drorza
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality: Purpose The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins. Key Features Customizable Session Start and End Times The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are: Start: 6 p.m. ET (18:00) End: 8:30 a.m. ET These settings can be adjusted to align with specific market hours or personal preferences. Session High and Low Identification Throughout the defined session, the indicator dynamically calculates and tracks: Session High: The highest price reached within the session. Session Low: The lowest price reached within the session. These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes. Vertical Lines for Session Start and End The indicator draws vertical lines at both the session start and end times: Session Start Line: A solid line marking the exact beginning of the Globex session. Session End Line: A similar vertical line marking the session’s conclusion. Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart. Horizontal Lines for Session High and Low At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines: Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them. Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization. Automatic Reset for Daily Tracking To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention. Practical Application in the Globex Trap Strategy In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include: Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction. Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones. Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas. Additional Configuration Options Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme. Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings. Summary This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Pine Script™ indicator
by Almureqeeb
1
5-Minute YEN Pivot Bars 1.0The 5-Minute YEN Pivot Bars indicator is designed to identify and highlight low-range pivot bars on 5-minute charts, specifically tailored for Yen-based pairs (e.g., GBPJPY, USDJPY). By focusing on precise pip thresholds, this tool helps traders detect potential pivot points within specific trading sessions, while avoiding inside bars and other noise often seen in low-volatility conditions. This can be particularly useful for trend traders and those looking to refine their entry points based on intraday reversals. Key Features: - Customized Pip Thresholds for Yen Pairs: The indicator is pre-configured for Yen pairs, where 1 pip is typically represented by 0.01. It applies these thresholds: - Limited Range: 4 pips or less between open and close prices. - High/Low Directionality: At least 3 pips from the close/open to the bar's high or low. - Open/Close Proximity: 4 pips or less between open and close. - Inside Bar Tolerance: A tolerance of 3 pips for inside bars, helping reduce false signals from bars contained within the previous bar's range. - Session-Specific Alerts: - The indicator allows you to enable alerts for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). You can adjust these times based on your own trading hours or timezone preferences via a time-shift setting. - Receive real-time alerts when a valid bullish or bearish pivot bar is identified within the chosen sessions, allowing you to respond to potential trade opportunities immediately. - Time Shift Customization: - Adjust the "Time Shift" parameter to account for different time zones, ensuring accurate session alignment regardless of your local time. How It Works: 1. Pivot Bar Identification: The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold, and both open and close prices are close to either the high or the low of the bar. 2. Directional Filtering: It requires the bar to show strong directional bias by enforcing an additional distance between the open/close levels and the opposite end of the bar (high/low). Only bars with this directional structure are considered for highlighting. 3. Exclusion of Inside Bars: Bars that are completely contained within the range of the previous bar are excluded (inside bars), as are consecutive inside bars. This filtering is essential to avoid marking bars that typically indicate consolidation rather than potential pivot points. 4. Session Alerts: When a valid pivot bar appears within the selected sessions, an alert is triggered, notifying the trader of a potential trading signal. Bullish and bearish signals are differentiated based on whether the close is near the high or low. How to Use: - Trend Reversals: Use this indicator to spot potential trend reversals or pullbacks on a 5-minute chart, especially within key trading sessions. - Entry and Exit Points: Highlighted bars can serve as potential entry points for traders looking to capitalize on short-term directional changes or continuation patterns. - Combine with Other Indicators: Consider pairing this tool with momentum indicators or trendlines to confirm the signals, providing a comprehensive analysis framework. Default Parameters: - Limited Range: 4 Pips - High/Low Directionality: 3 Pips - Open/Close Proximity: 4 Pips - Inside Bar Tolerance: 3 Pips - Session Alerts: Enabled for European, American, and London Close sessions - Time Shift: Default 6 (adjustable to align with different time zones) This indicator is specifically optimized for Yen pairs on 5-minute charts due to its pip calculation.
Pine Script™ indicator
by TrendFollowingTradersCommunity
Confirmed market structure buy/sell indicatorOverview The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends. Key Features Swing Point Breakout Detection Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period. Breakout Signals: Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high. Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low. Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart. Multi-Timeframe Dashboard Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W. Market Structure Status: Bullish: Indicates upward market structure. Bearish: Indicates downward market structure. Neutral: No clear trend. Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral). Operational Workflow Initialization: Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status". Swing Point Detection: Continuously scans the main timeframe for swing highs and lows using the specified lookback period. Updates the latest swing high and low levels. Signal Generation: Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish). Activates potential buy/sell setups and confirms signals based on subsequent price movements. Dashboard Update: For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points. Updates the dashboard with the current status for each timeframe, aiding in trend confirmation. Visualization: Colors the bars where breakouts occur. Plots buy and sell signals directly on the chart for easy identification.
Pine Script™ indicator
by undacovacobra
SMC StrategyThis Pine Script strategy is based on Smart Money Concepts (SMC), designed for TradingView. Here's a brief summary of what the script does: 1. Swing High and Low Calculation: It identifies recent swing highs and lows, which are used to define key zones. 2. Equilibrium, Premium, and Discount Zones: - Equilibrium is the midpoint between the swing high and low. - Premium Zone is above the equilibrium, indicating a potential resistance area (sell zone). - Discount Zone is below the equilibrium, indicating a potential support area (buy zone). 3. Simple Moving Average (SMA): It uses a 50-period SMA to determine the trend direction. If the price is above the SMA, the trend is bullish; if it's below, the trend is bearish. 4. Buy and Sell Signals: - Buy Signal: Generated when the price is in the discount zone and above the equilibrium, with the price also above the SMA. - Sell Signal: Triggered when the price is in the premium zone and below the equilibrium, with the price also below the SMA. 5. Order Blocks: It detects basic order blocks by identifying the highest high and lowest low within the last 20 bars. These levels help confirm the buy and sell signals. 6. Liquidity Zones: It marks the swing high and low as potential liquidity zones, indicating where price may reverse due to institutional players' activity. The strategy then executes trades based on these signals, plotting buy and sell markers on the chart and showing the key levels (zones) and trend direction.
Pine Script™ strategy
by danieltbolsch
Hourly Breakout & Multi-Timeframe High/Low Indicator withDescription: This indicator combines powerful breakout and multi-timeframe analysis features, allowing traders to visualize key support and resistance levels across various timeframes (daily, weekly, monthly, hourly, and 4-hour highs and lows). It also dynamically colors candles based on hourly breakout conditions, making it easy to spot significant price movements and potential trading signals. Key Features: Customizable Multi-Timeframe High/Low Levels: Displays previous and current high/low levels for daily, weekly, and monthly timeframes, as well as previous hourly and 4-hour highs and lows. Each timeframe’s high/low lines are color-coded and can be toggled on or off based on user preference. Hourly Breakout Candle Coloring: Candle colors change when the hourly close breaks above or below the previous day's high or low, visually indicating important breakout conditions. User-configurable colors for candles that close above or below these breakout levels make this indicator highly customizable. Dynamic Line Plotting: Automatically updates and plots dotted lines for the previous day’s high and low levels, providing consistent visual cues for key support and resistance. This indicator is ideal for intraday and swing traders who want to keep an eye on important breakout levels and multi-timeframe support and resistance zones, all in one convenient tool. Whether you're trading trends, breakouts, or reversals, this indicator helps enhance decision-making with clear, color-coded signals and adaptable settings.
Pine Script™ indicator
by cmwilkin123
3AM EST CRT Indicator3AM EST Candle Range Theory Indicator The 3AM EST Candle Range Theory Indicator is designed to highlight a crucial period in the trading day for Forex and other markets that operate 24/7. This indicator focuses on the 3AM EST candle, which represents the early hours of the U.S. market morning and the midpoint of the European trading session. During this period, volatility often picks up, and the 3AM candle can serve as a powerful reference point for price action throughout the day. Key Features of the Indicator 3AM Candle Highlighting: The 3AM candle is automatically highlighted in blue, making it easy to spot on the chart. This helps traders quickly identify this pivotal candle without manually searching for it. Range Lines: The high and low of the 3AM candle are marked by black lines extending across the day. These levels often act as support and resistance, influencing price movement throughout the trading session. Observing how the price interacts with these levels can provide insights into potential breakouts, reversals, or consolidations. Labels: The high of the 3AM candle is labeled as "3am CRH" (Candle Range High) and the low as "3am CRL" (Candle Range Low). These labels serve as visual cues for traders, reinforcing the importance of these levels on the chart. How to Use the 3AM EST Candle Range Indicator Support and Resistance: The high and low of the 3AM candle often serve as strong intraday support and resistance levels. Traders can observe if the price respects or breaks these levels to make decisions about potential entries and exits. Breakout Trading: If the price breaks above the 3am high (CRH), it can signal bullish momentum, especially when accompanied by increased volume. Conversely, a break below the 3am low (CRL) may indicate bearish momentum. These breakouts can provide potential trade opportunities. Reversals and Continuations: Often, price will test and reject one of these levels, creating an opportunity for reversal trades. If the price re-enters the 3AM candle range after breaking out, it could signal a potential continuation back into the original trend. Session Range Guidance: Since the 3AM candle encapsulates both the early U.S. and active European sessions, it often provides a strong reference for the range and sentiment in the early trading hours. The 3AM range can give a sense of market direction and volatility for the day. Benefits Clear Visual Cues: The blue candle highlight, black lines, and labels make this indicator visually intuitive and easy to understand at a glance. Useful Across Market Conditions: Whether markets are trending or ranging, the 3AM high and low can serve as reliable reference points for intraday support and resistance. Applicable to Various Strategies: This indicator can enhance a variety of trading strategies, including breakout, range trading, and trend-following. Summary The 3AM EST Candle Range Theory Indicator provides traders with a reliable way to gauge intraday price levels based on the 3AM EST candle. By observing how the price interacts with the high and low of this candle, traders can gain insights into potential support, resistance, and breakout points. This can be particularly useful for short-term traders looking to capitalize on intraday volatility or longer-term traders seeking reference points for daily price action analysis.
Pine Script™ indicator
by jwongyt999
David_candle length with average and candle directionThis indicator, calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included: Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated. Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right). High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated. Candle Direction: The color of the displayed text in the table changes based on the candle direction: Green for bullish candles (close price higher than open price). Red for bearish candles (close price lower than open price). White for neutral candles (close price equal to open price). Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text. This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
Pine Script™ indicator
by GolfTrade
Average Up and Down Candles Streak with Predicted Next CandleThis indicator is designed to analyze price trends by examining the patterns of up and down streaks (consecutive bullish or bearish candles) over a defined period. It uses this data to provide insights on whether the next candle is likely to be bullish or bearish, and it visually displays relevant information on the chart. Here’s a breakdown of what the indicator does: 1. Inputs and Parameters Period (Candles): Defines the number of candles used to calculate the average length of bullish and bearish streaks. For example, if the period is set to 20, the indicator will analyze the past 20 candles to determine average up and down streak lengths. Bullish/Bearish Bias Signal Toggle: These options allow users to show or hide visual signals (green or red circles) when there’s a bullish or bearish bias in the trend based on the indicator’s calculations. 2. Streak Calculation The indicator looks at each candle within the period to identify if it closed up (bullish) or down (bearish). Up Streak: The indicator counts consecutive bullish candles. When there’s a bearish candle, it resets the up streak count. Down Streak: Similarly, it counts consecutive bearish candles and resets when a bullish candle appears. Averages: Over the defined period, the indicator calculates the average length of up streaks and average length of down streaks. This provides a baseline to assess whether the current streak is typical or extended. 3. Current and Average Streak Display The indicator displays the current up and down streak lengths alongside the average streak lengths for comparison. This data appears in a table on the chart, allowing you to see at a glance: The current streak length (for both up and down trends) The average streak length for up and down trends over the chosen period 4. Trend Prediction for the Next Candle Next Candle Prediction: Based on the current streak and its comparison to the average, the indicator predicts the likely direction of the next candle: Bullish: If the current up streak is shorter than the average up streak, suggesting that the bullish trend could continue. Bearish: If the current down streak is shorter than the average down streak, indicating that the bearish trend may continue. Neutral: If the current streak length is near the average, which could signal an upcoming reversal. This prediction appears in a table on the chart, labeled as “Next Candle.” 5. Previous Candle Analysis The Previous Candle entry in the table reflects the last completed candle (directly before the current candle) to show whether it was bullish, bearish, or neutral. This data gives a reference point for recent price action and helps validate the next candle prediction. 6. Visual Signals and Reversal Zones Bullish/Bearish Bias Signals: The indicator can plot green circles on bullish bias and red circles on bearish bias to highlight points where the trend is likely to continue. Reversal Zones: If the current streak length reaches or exceeds the average, it suggests the trend may be overextended, indicating a potential reversal zone. The indicator highlights these zones with shaded backgrounds (green for possible bullish reversal, red for bearish) on the chart. Summary of What You See on the Chart Bullish and Bearish Bias Signals: Green or red circles mark areas of expected continuation in the trend. Reversal Zones: Shaded areas in red or green suggest that the trend might be about to reverse. Tables: The Next Candle prediction table displays the trend direction of the previous candle and the likely trend of the next candle. The Streak Information table shows the current up and down streak lengths, along with their averages for easy comparison. Practical Use This indicator is helpful for traders aiming to understand trend momentum and potential reversals based on historical patterns. It’s particularly useful for swing trading, where knowing the typical length of bullish or bearish trends can help in timing entries and exits.
Pine Script™ indicator
by PickthePath