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Candlestick analysis

TRAPPER Volume Trigger + SMAs + Buy/Sell SplitThe TRAPPER TRIGGER is a precision-based volume spike indicator designed for intraday traders, scalpers, and swing traders who rely on key volume activity to anticipate sharp market movements. It operates on volume delta logic, detecting disproportionate buying or selling activity that signifies potential market reversals or breakouts. How It Works: Volume Spike Logic (Delta-Based) The script calculates a dynamic volume threshold using a moving average of historical volume data. It identifies a delta spike by comparing current volume against this threshold—when volume exceeds it significantly, it suggests abnormal activity. If the candle closes higher than it opens (bullish), the script registers it as a Buy Spike ⚖️. If the candle closes lower than it opens (bearish), it marks a Sell Spike 🏁. These are not based on the candle’s body size but the volume differential (delta) between buy/sell pressure inferred from candle direction. Trigger Labels Only the most recent buy/sell spike is labeled for clarity, avoiding clutter. Labels are color-coded to match the candle body (e.g., bright green for bullish, magenta for bearish). Label style: ⚖️ for Buy Spikes, 🏁 for Sell Spikes. SMA Suite (Fully Customizable): Six SMAs: 5 (yellow), 10 (blue), 20 (green), 50 (orange), 100 (red), 200 (white). Each can be toggled and customized in the script settings for visibility and styling. Key Benefits Clean, minimalistic charting — focuses only on high-probability events. Provides delta-driven insights without requiring access to full L2 order book data. Works across any timeframe — logic recalculates and resets zones per timeframe switch. Designed for sniper-style entries—ideal for traders who prefer minimal noise and maximum signal clarity. Easily extendable with SR zones, AVWAP, liquidity levels, or alerts if desired in future updates. Who It’s For Scalpers and intraday traders looking for clean triggers. Swing traders wanting confirmation of institutional moves. Volume profile enthusiasts who need a trigger alert system. Developers who want a base volume framework to build more advanced tools on. Disclaimer This script is provided as-is and is intended for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any security or asset. All trading involves risk. Users should perform their own due diligence and consult with a qualified financial advisor before making any trading decisions. The author of this script assumes no liability for any losses or damages arising from the use or reliance on this tool. By using this script, you acknowledge and agree that you are solely responsible for your own trading decisions and outcomes.
Pine Script® indicator
by TRAPPER-RAMS
2
Step 1: Draw Thursday HighScript Description: Thursday High Marker This is an automated charting tool designed to identify the high of each Thursday and display it as a key reference level for future trading sessions. Core Functionality: The script's logic is simple and precise. It waits for the trading session on Thursday to complete. At the very beginning of Friday, it looks back, finds the highest price from Thursday, and draws a clean, white horizontal line at that level. Key Features: Automatic: You don't need to do anything. The script finds and draws the level on its own every week. Forward-Looking: The line extends to the right indefinitely, allowing you to see how future price action interacts with this key level. Self-Cleaning: To keep your chart uncluttered, the script automatically deletes the previous week's line when it draws the new one. Lightweight: It performs a single, simple task, so it doesn't slow down your chart. Purpose in Trading: Traders use this kind of indicator to track significant weekly price points. The high of a late-week session like Thursday is often considered an important liquidity level. A break above this line can signal bullish strength or a "liquidity sweep," making it a valuable point of interest for making trading decisions on Friday and into the following week.
Pine Script® indicator
by freshfromkenneth
CVD with Dual MAprefered settings. Cvd 5 seconds on 1 minute timeframe . this indicator also has moving averages . i prefer the 21 or 30 ema and the 90 or 120 ema for the other. smaller timeframe means you can see more cvd vs using 1 minute on 1 minute . the middle line acts as a definitive decision for a short because if price is also below vwap and is approaching the middle line it is more likely to go down, use the ma crosses to signal some buying momentum rising and they are the ema of the CVD not total raw volume . i use this also on 15 m but with the single cvd moving average . which is separate indicator because of some syntax error idk bro had to make a separate one for higher timeframe.
Pine Script® indicator
by Agustiinnnn
X PD&FVVisualizes the price's premium or discount relative to a moving average benchmark, highlighting mean-reversion and trend-continuation opportunities. While the underlying math is simple, the application is nuanced and can enhance decision-making in both trending and ranging market conditions. Core Logic: This tool calculates a custom **spread value**, defined as the distance between the current price and a chosen exponential moving average (EMA). Specifically: When the current price is **above** the EMA, the spread is calculated as `low - EMA`. When the price is **below** the EMA, the spread is calculated as `high - EMA`. This approach creates a dynamic spread that reflects deviation from the EMA, with histogram bars: Green when the spread is positive (suggesting a price premium), Red when the spread is negative (suggesting a discount). A secondary EMA (default 9-period) is applied to the spread itself, plotted as a smoother line over the histogram. This "EMA of spread" line can be interpreted as a moving reference level for detecting directional shifts in momentum. Interpretation: Zero Line = Fair Value: The horizontal zero axis represents equilibrium relative to the moving average. Movement toward or away from this line signals potential shifts in market bias. Trend Following Use: In trending markets, traders can: Buy when the spread dips below its EMA (discount within uptrend), Sell when the spread rises above its EMA (premium within downtrend). Mean Reversion Use: A return to the zero line (fair value) often acts as an **inflection point**, which traders can monitor for either: Trend continuation (bounce away from zero), or Reversal (cross through zero). Customization: EMA length (default 50) is adjustable to fit different timeframes or asset volatility.
Pine Script® indicator
by KinetiCapital
Opening Candle Indicator V3 Details of this release: 1. Add an alert with two conditions: - Price breaks the highest candlestick opening and closing above it. - Price breaks the VWAP indicator value. 2. Integrate the VWAP indicator and the 200 EMA with the main indicator. 3. Display buy and sell signals based on specific conditions related to the VWAP breakout. 4. Increase target lines to five. 5. Most importantly, I added custom windows in the settings to apply the indicator to other markets based on adding the opening and closing times for any market with a daily opening and closing time. Important note: The second buy signal, which comes after a sell signal appears, is based on two conditions: a close above the high of the previous sell signal and a close above VWAP Warning - Buy or sell signals are only warning signals and the user is responsible for evaluating and studying this signal. تفاصيل هذا الإصدار: 1-أضفت تنبيه يحتوي على شرطين -إختراق السعر الأعلى لشمعة الإفتتاح والإغلاق فوقها. -إختراق السعر لقيمة مؤشر vwap. 2-دمج مؤشر vwap والمتوسط الأسي 200 مع المؤشرالرئيسي 3- إظهار إشارات الشراء والبيع بشروط معينة مرتبطة بإختراق vwap 4-زيادة خطوط الأهداف إلى خمس. 5- وهي الأهم أضفت نوافذ مخصصة في الاعدادت لتطبيق المؤشر على الأسواق الأخرى بناء على إضافة وقت الإفتتاح والإغلاق لأي سوق له وقت إفتتاح ووقت إغلاق يومي. ملاحظة مهمة:إشارة الشراء الثانية والتي تأتي بعد ظهور إشارة بيع وضعت بناء على شرطين وهما الاغلاق فوق الاعلى لإشارة البيع السابقة والاغلاق فوق مؤشر VWAP تحذير-إشارات الشراء أو البيع ليست إلا إشارات تحذيرية والمستخدم هو المسئول عن تقييم ودراسة هذه الإشارة
Pine Script® indicator
by almesnedabdulaziz
StratNinjaTableStratNinjaTable – Multi-Timeframe The Strat Candle Pattern Table This Pine Script indicator provides traders with a dynamic table overlay on the chart that displays The Strat candle patterns across multiple selectable timeframes. The table includes: The candle pattern according to The Strat method (1, 2UP, 2DOWN, 3) for each chosen timeframe Direction arrows showing bullish (▲), bearish (▼), or neutral (■) candle direction Real-time countdown timer showing remaining time until the current candle closes, adapting automatically to daily, weekly, monthly, and longer timeframes User inputs for selecting which timeframes to display and positioning of the table on the chart The current ticker symbol and chart timeframe displayed prominently The script is developed using Pine Script version 6 and is inspired by the work of shayy110, who contributed foundational code for The Strat methodology in TradingView.
Pine Script® indicator
by koriatmanagement
9 EMA & 15 EMA Crossover Arrows//@version=5 indicator("9 EMA & 15 EMA Crossover Arrows", overlay=true) // EMA calculations ema9 = ta.ema(close, 9) ema15 = ta.ema(close, 15) // Detect crossovers (on previous candle) bullishCross = ta.crossover(ema9 , ema15 ) bearishCross = ta.crossunder(ema9 , ema15 ) // Plot arrows on previous candle plotshape(bullishCross, title="Bullish Cross", location=location.belowbar, color=color.green, style=shape.arrowup, size=size.small, offset=-1) plotshape(bearishCross, title="Bearish Cross", location=location.abovebar, color=color.red, style=shape.arrowdown, size=size.small, offset=-1) // Plot EMAs (optional for visual) plot(ema9, color=color.green, title="9 EMA") plot(ema15, color=color.orange, title="15 EMA")
Pine Script® indicator
by thought_eng
Reverse XReverse X is a visual tool that shows the price levels required to reach specific RSI values. It calculates and plots up to four reverse-engineered RSI lines directly on the chart. Each line can be customized with its own RSI target, color, line width, and visibility toggle. The lines are smoothed using EMA to reduce noise, and transparent fills between them highlight RSI zones. Ideal for traders who want to anticipate price movement needed to push RSI to key levels like 30, 50, or 70.
Pine Script® indicator
by HAWKLOVEWINE
3-Candle HH/HL or LH/LL (Number Labels Over Candles)What This Script Does: This Pine Script detects 3 consecutive candlesticks that show: Higher Highs and Higher Lows → a bullish structure Lower Highs and Lower Lows → a bearish structure When such a pattern is found, the script: Marks each of the 3 candles with a number: 1, 2, and 3 Labels appear centered on each candle (at the close price) You can adjust: Label size (tiny → huge) Background color (bullish/bearish) Text color Example: If candles form: Candle A: higher high & higher low Candle B: higher than A Candle C: higher than B Then you’ll see 1, 2, 3 labels on those candles in green (or your selected color). Same goes for a bearish pattern in red.
Pine Script® indicator
by belangoren
Heatmap w/ ATRThis script combines Heatmap Volume with a scaled ATR (Average True Range) overlay for dynamic market insight. Volume bars are color-coded based on how many standard deviations they deviate from a moving average, helping identify spikes, absorption, or anomalies. The ATR is scaled relative to the maximum volume observed to maintain visual alignment in the same pane. This allows traders to compare price volatility (ATR) against real market activity (volume) in one view. Use this overlay to: Spot high-volatility, high-conviction moves (rising ATR + red/orange bars) Detect low-volume fakeouts (high ATR, cool-colored bars) Identify compression zones before expansion (low ATR + normal volume)
Pine Script® indicator
by chrisapach
Fair Value Gap (FVG) Detector — ICT SMC BasedThis is an open-source Fair Value Gap (FVG) indicator, based on the principles taught in ICT (Inner Circle Trader) and Smart Money Concepts (SMC). It identifies imbalances or inefficiencies in price action where the body/wick of the middle candle in a three-candle formation does not overlap with the first and third candles. 🔹 What is an FVG? An FVG is formed when there is a price imbalance, typically between three consecutive candles: A bullish FVG forms when the low of candle 1 is above the high of candle 3. A bearish FVG forms when the high of candle 1 is below the low of candle 3. These gaps are believed to represent areas of institutional activity and are often used as potential entries, targets, or reaction zones. 🔹 Features: Detects both bullish and bearish FVGs Clean chart visuals using colored boxes Adjustable box opacity and text alignment Option to show or hide filled FVGs Optional filter to only display gaps above a minimum size (e.g., 100 points) Multi-timeframe support (if enabled in script settings) Box label customization (text alignment: center/left/right) 🔹 How to Use: Use the indicator on any timeframe or instrument Larger gaps may indicate stronger price inefficiencies Combine with market structure, liquidity zones, or order blocks for confirmation This version is open-source, so traders can view and adapt the logic as needed. The indicator is designed for transparency, education, and clarity of Smart Money Concepts.
Pine Script® indicator
by JustJeff_TW