Get started

Candlestick analysis

Bitcoin Total VolumeThis Pine Script indicator, titled "Bitcoin Top 16 Volume," is designed to provide traders with an aggregate view of Bitcoin (BTC) spot trading volume across leading cryptocurrency exchanges. Unlike traditional volume indicators that focus on a single exchange, this tool compiles data from a selection of the top exchanges as ranked by CoinMarketCap, offering a broader perspective on overall market activity. The indicator works by fetching real-time volume data for specific BTC trading pairs on various exchanges. It currently incorporates data from prominent platforms such as Binance (BTCUSDT), Coinbase (BTCUSD), OKX (BTCUSDT), Bybit (BTCUSDT), Kraken (BTCUSD), Bitfinex (BTCUSD), Bitstamp (BTCUSD), Gemini (BTCUSD), Upbit (BTCKRW), Bithumb (BTCKRW), KuCoin (BTCUSDT), Gate.io (BTCUSDT), MEXC (BTCUSDT), Crypto.com (BTCUSD), Poloniex (BTCUSDT), and BitMart (BTCUSDT). It's important to note that while the indicator aims to represent the "Top 16" exchanges, the actual number included may vary due to data availability within TradingView and the dynamic nature of exchange rankings. The script then calculates the total volume by summing up the volume data retrieved from each of these exchanges. This aggregated volume is visually represented as a histogram directly on your TradingView chart, displayed in white by default. By observing the height of the histogram bars, traders can quickly assess the total trading volume for Bitcoin spot markets over different time periods, corresponding to the chart's timeframe. This indicator is valuable for traders seeking to understand the overall market depth and liquidity of Bitcoin. Increased total volume can often signal heightened market interest and potential trend strength or reversals. Conversely, low volume might suggest consolidation or reduced market participation. Traders can use this indicator to confirm trends, identify potential breakouts, and gauge the general level of activity in the Bitcoin spot market across major exchanges. Keep in mind that the list of exchanges included may need periodic updates to accurately reflect the top exchanges as rankings on CoinMarketCap evolve.
Pine Script™ indicator
by William1124
Mile Runner - Swing Trade LONGMile Runner - Swing Trade LONG Indicator - By @jerolourenco Overview The Mile Runner - Swing Trade LONG indicator is designed for swing traders who focus on LONG positions in stocks, BDRs (Brazilian Depositary Receipts), and ETFs. It provides clear entry signals, stop loss, and take profit levels, helping traders identify optimal buying opportunities with a robust set of technical filters. The indicator is optimized for daily candlestick charts and combines multiple technical analysis tools to ensure high-probability trades. Key Features Entry Signals: Visualized as green triangles below the price bars, indicating a potential LONG entry. Stop Loss and Take Profit Levels: Automatically plotted on the chart for easy reference. Stop Loss: Based on the most recent pivot low (support level). Take Profit: Calculated using a Fibonacci-based projection from the entry price to the stop loss. Trend and Momentum Filters: Ensures trades align with the prevailing trend and have sufficient momentum. Volume and Volatility Confirmation: Verifies market interest and price movement potential. How It Works The indicator uses a combination of technical tools to filter and confirm trade setups: Exponential Moving Averages (EMAs): A short EMA (default: 9 periods) and a long EMA (default: 21 periods) identify the trend. A bullish crossover (EMA9 crosses above EMA21) signals a potential upward trend. Money Flow Index (MFI): Confirms buying pressure when MFI > 50. Average True Range (ATR): Ensures sufficient volatility by checking if ATR exceeds its 20-period moving average. Volume: Confirms market interest when volume exceeds its 20-period moving average. Pivot Lows: Identifies recent support levels (pivot lows) to set the stop loss. Ensures the pivot low is recent (within the last 10 bars by default). Additional Trend Filter: Confirms the long EMA is rising, reinforcing the bullish trend. Inputs and Customization The indicator is highly customizable, allowing traders to tailor it to their strategies: EMA Periods: Adjust the short and long EMA lengths. ATR and MFI Periods: Modify lookback periods for volatility and momentum. Pivot Lookback: Control the sensitivity of pivot low detection. Fibonacci Level: Adjust the Fibonacci retracement level for take profit. Take Profit Multiplier: Fine-tune the aggressiveness of the take profit target. Max Pivot Age: Set the maximum bars since the last pivot low for relevance. Usage Instructions Apply the Indicator: Add the "Mile Runner - Swing Trade LONG" indicator to your TradingView chart. Best used on daily charts for swing trading. Look for Entry Signals: A green triangle below the price bar signals a potential LONG entry. Set Stop Loss and Take Profit: Stop Loss: Red dashed line indicating the stop loss level. Take Profit: Purple dashed line showing the take profit level. Monitor the Trade: The entry price is marked with a green dashed line for reference. Adjust trade management based on the plotted levels. Set Alerts: Use the built-in alert condition to get notified of new LONG entry signals. Important Notes For LONG Positions Only : Designed exclusively for swing trading LONG positions. Timeframe: Optimized for daily charts but can be tested on other timeframes. Asset Types: Works best with stocks, BDRs, and ETFs. Risk Management: Always align stop loss and take profit levels with your risk tolerance. Why Use Mile Runner? The Mile Runner indicator simplifies swing trading by integrating trend, momentum, volume, and volatility filters into one user-friendly tool. It helps traders: Identify high-probability entry points. Establish clear stop loss and take profit levels. Avoid low-volatility or low-volume markets. Focus on assets with strong buying pressure and recent support. By following its signals and levels, traders can make informed decisions and enhance their swing trading performance. Customize the inputs and test it on your favorite assets—happy trading!
Pine Script™ indicator
by J3ro
NAMAZOV ELSHAD STRONG SİGNALIndicator Overview: "1H Precise Breakout with Volume (No MA Line)" This is a custom TradingView indicator designed for the 1-hour (1H) timeframe, aimed at providing precise and low-risk trading signals without cluttering the chart. It uses a hidden Exponential Moving Average (EMA 34) and volume confirmation to detect breakout opportunities, while also marking trend direction and reversal points. Purpose: Identifies buy and sell opportunities with reduced false signals. Key Features: Hidden EMA (34): A 34-period EMA calculates breakouts but remains invisible to keep the chart clean. Volume Filter: Signals only appear when volume exceeds its 20-period average by 20%, ensuring strong market momentum. Trend Direction: Small arrows (green ↑ for bullish, red ↓ for bearish) show the trend based on price relative to the EMA. Reversal Points: Non-repainting pivot highs (red ▼) and lows (green ▲) mark potential tops and bottoms. Breakout Signals: "BUY" (lime label) when price crosses above the EMA from a downtrend, and "SELL" (fuchsia label) when price crosses below from an uptrend, both with volume confirmation. Non-Repainting: Signals are confirmed after a set lookback period (default 5), preventing changes after they appear. Usage: Ideal for traders who want minimal chart elements and reliable, volume-backed signals on a 1H chart.
Pine Script™ indicator
by namazovelsad001
Galactic Momentum Flux SignalsMomentum Flux: Measures the acceleration of price momentum (second derivative of price). A high positive flux means the "spaceship" is blasting off, while a negative flux signals a crash. Threshold (e.g., 1.5) filters out weak moves. Volatility Gravity: Uses the Average True Range (ATR) normalized to price to detect when the market’s "gravitational field" is strong (high volatility = strong trend). Only trades when gravity exceeds the threshold, avoiding choppy markets. Cosmic Alignment: A creative twist: simulates a lunar cycle using a sine wave over a 28-bar period (adjustable). Trades align with "waxing" (rising) phases for longs and "waning" (falling) phases for shorts. This adds a rhythmic filter, mimicking how celestial events might influence human behavior or market psychology. Entry Rules: Long: Momentum accelerates upward (flux > 1.5), volatility is high (gravity > 0.8), and the lunar phase is waxing. Short: Momentum accelerates downward (flux < -1.5), volatility is high, and the lunar phase is waning. Exit Rules: Close when momentum reverses (flux crosses zero) or volatility drops too low (gravity weakens), indicating the trend is losing steam. Why It’s "Out of This World" Unconventional Metrics: Combining second-order momentum (flux) with normalized volatility is rare and catches explosive moves early. Celestial Twist: The lunar cycle filter is a wild card—while not literally tied to the moon, it introduces a cyclical timing mechanism that’s unique and could resonate with market rhythms. Adaptive: The strategy thrives in trending markets (high gravity) and avoids sideways traps, making it potentially more effective than standard oscillators.
Pine Script™ indicator
by Mecoic
IBS (Internal Bar Strength) Trading Strategy for SPY and NDQImplementation by AlgoTradeKit Overview The IBS Trading Strategy is a daily bars long-only trading system, based on the concept of Internal Bar Strength (IBS). The strategy aims to identify potential reversals by monitoring how the previous bar’s close positions itself within its high-low range. It is suitable for stock and US indices. The default parameters are optimized for SPY/SPX and NDQ/QQQ Strategy Concept The Internal Bar Strength (IBS) is calculated using the formula: IBS = (Previous Close - Previous Low) / (Previous High - Previous Low) This value always lies between 0 and 1. An IBS value below 0.2 is typically interpreted as an oversold condition, while a value above 0.9 suggests an overbought state. Trading Rules - Long Entry : - Condition 1 : IBS is below the user-defined entry threshold (default is 0.2). - Condition 2 : The current price is above an N-period Exponential Moving Average (EMA) (default period is 252). - Note : You can disable the EMA condition by setting the EMA period to 0. - Long Exit - The position is closed when IBS rises above the user-defined exit threshold (default is 0.9). Customization Options - IBS Entry Threshold : Adjust to set the sensitivity for entering a long trade based on oversold conditions. - IBS Exit Threshold : Customize to define the exit point when the market becomes overbought. - EMA Period : Set the lookback period for the EMA to align with your trend bias; disable this condition by setting the period to 0. Risk Management & Trading Considerations - Designed for daily charts, the strategy captures higher timeframe trends and minimizes noise. - The entry and exit conditions are straightforward, aiming to avoid over-trading while letting clear signals dictate trade management. - Always use proper risk management techniques and test the strategy thoroughly on historical data and in a simulated environment before applying it in live markets. Disclaimer This strategy is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consider your risk tolerance before making any trades.
Pine Script™ strategy
by Algotradekit
Impulse MACD enhancedThis indicator is designed to provide robust trade entry signals by combining multiple technical filters. Here’s a summary of its key components: Impulse MACD Calculation: Uses a Zero-Lag EMA (ZLEMA) based approach to generate a momentum indicator (with a signal line and histogram) that identifies shifts in market momentum. Simulated Higher Timeframe (HTF) Trend Filter: Computes an SMA over a multiplied period to simulate a higher timeframe trend. It requires the price to be in line with this broader trend before signaling an entry. RSI Filter: Ensures that for bullish entries the RSI is above a set threshold (indicating momentum) and for bearish entries it’s below a threshold. ADX Filter: Uses a manually calculated ADX to confirm that the market is in a strong trend (ADX > 30) to reduce false signals in weakly trending or sideways markets. Volume Filter: Compares the current volume to a 20‑bar SMA of volume, requiring volume to be significantly higher (by a user-defined percentage) to confirm the strength of the move. VWAP Confirmation: Uses the Volume-Weighted Average Price as an extra layer of confirmation: bullish signals require the price to be above VWAP, bearish signals below. Optional Long-Term & Short-Term MA Filters: These filters can be enabled to ensure the price is trading above (or below) longer-term and shorter-term moving averages, further aligning the trade with the prevailing trend. ATR Volatility Filter: Checks that volatility (as measured by the ATR relative to price) is below a maximum threshold, which helps avoid taking trades in overly volatile conditions. Price Action Filter: Ensures that for a bullish signal the current close is above the highest high over a specified lookback period (and vice versa for bearish), indicating a clear breakout. Signal Throttling: Signals are limited to one every 10 bars to prevent excessive trading. When all these conditions are met, the indicator outputs an entry signal for either a bullish or bearish trade. This multi-filter approach aims to increase win rate by reducing false signals and aligning trades with strong, confirmed trends while filtering out noise.
Pine Script™ indicator
by Exylus