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Candlestick analysis

Encapsulation BoxThe “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail: Detecting contraction: The indicator looks for situations where the price range of the candles is very narrow, i.e. when subsequent candles have highs and lows that are contained within the range of a previous candle. This condition indicates a contraction in the market before a possible directional move. When a contraction is detected, the indicator draws a rectangle around the area where the highs and lows of the candles are embedded. The rectangle has its upper vertex corresponding to the maximum of the candles involved and its lower vertex corresponding to the minimum. The width of the rectangle is defined by can be customized by the user. A key feature of this indicator is the horizontal line drawn outside the rectangle. This line is positioned in the middle of the rectangle and represents 50% of the range of the rectangle itself. This line acts as a significant support or resistance level depending on the direction the contraction breaks. The indicator can generate buy or sell signals when a break in the rectangle or horizontal line occurs. For example, if the price breaks above the rectangle and the horizontal line, it could generate a buy signal, indicating a possible uptrend. Conversely, if the price breaks below the rectangle and the horizontal line, it could generate a sell signal, indicating a possible downtrend.
Pine Script™ indicator
by AleSaira
2
Ruth Buy/Sell Signal for Day Trade and Swing TradeRuth is based on the most known technical indicators and designed for intraday traders. Ruth's aim is to find the best Buy/Sell points and decide to stop loss point with minimum Loss also Ruth tries to find multiple Profit points as TP1/TP2/TP3/TP4/TP5. Ruth was designed based on the heat map colors to be user-friendly and easy to read. While cold color preferred for Short positions, warm colors preferred for Long positions. The most important feature of Ruth is that after the signal is generated, the candles in which the profitable levels are painted one by one with their own special color codes, so that even the most inexperienced users can understand where they should close their positions. There are two types of signal Ruth can produce for fast trade. Short Signal: These signals means market tends to be move to down. Short Stop Loss Point: This is the maximum risk for the position. Shown with single red line inside of the signal. Short Entry Point: This is the best entry price for short side position. Shown with single baby blue line inside of the signal. Short Take Profit (TP1): This level represents the profit level the signal is most likely to reach. Shown with single blue line inside of the signal. Short Take Profit (TP2): This level represents the profit level with a high probability of the signal occurring. Shown with single light purple line inside of the signal. Short Take Profit (TP3): This level represents the profit level with an intermediate probability of the signal occurring. Shown with single dark purple line inside of the signal. Short Take Profit (TP4): This level represents the profit level with a low probability of the signal occurring. Shown with single light lilac line inside of the signal. Short Take Profit (TP5): This level represents the profit level with a tight probability of the signal occurring. Shown with single dark lilac line inside of the signal. Long Signal: These signals means market tends to be move to up. Long Stop Loss Point: This is the maximum risk for the position. Shown with single red line inside of the signal. Long Entry Point: This is the best entry price for short side position. Shown with single baby blue line inside of the signal. Long Take Profit (TP1): This level represents the profit level the signal is most likely to reach. Shown with single greenish yellow line inside of the signal. Long Take Profit (TP2): This level represents the profit level with a high probability of the signal occurring. Shown with yellow purple line inside of the signal. Long Take Profit (TP3): This level represents the profit level with an intermediate probability of the signal occurring. Shown with single dark yellow line inside of the signal. Long Take Profit (TP4): This level represents the profit level with a low probability of the signal occurring. Shown with single orange line inside of the signal. Long Take Profit (TP5): This level represents the profit level with a tight probability of the signal occurring. Shown with single dark orange line inside of the signal. Timeframe: In general best and fastest results occurred in shorter timeframes like 1 min / 5 mins / 15 mins but feel free to try higher timeframes. Tips & Tricks: 1) Gray line drawn ot the graph represents Dema, we suggests you to go on Short Singals under gray line and go on Long Signals upper gray line. 2) Mostly, Signals easily reach their TP2 / TP3 levels and then generally there is reaction or take profit desire so commodity price turns the opposite direction. If in short time price won't turn to Signal direction close position. 3) Don't forget, every positions has own risks and profits but trade in main trend is crucial.
Pine Script™ indicator
by akselanil
1
Session CandlesThis indicator is designed to visually represent different trading sessions on a price chart, highlighting candlestick colors to distinguish between bullish (upward movement) and bearish (downward movement) trends during various market sessions. Here's an overview of how the indicator works: 1. Session Definition: The indicator defines four distinct trading sessions: - London Session: Typically covering the European trading hours. - New York AM Session: Representing the morning hours of the New York trading session. - New York PM Session: Representing the afternoon hours of the New York trading session. - Asia Session: Encompassing the trading hours of the Asian markets. 2. Configuration Options: Users can customize the behavior of the indicator through input options. For each session, users can enable or disable the display of session-specific candles. 3. Candle Coloring: The indicator determines the color of candles based on the following criteria: - For each session, it checks whether the current candle's closing price is higher than its opening price. - If the closing price is higher, the candle is considered bullish, and a user-defined green color is used for the candle. - If the closing price is lower, the candle is considered bearish, and a user-defined red color is applied. 4. Display: The indicator then applies the calculated candle colors to the respective candles of each trading session on the price chart. This visual distinction helps traders quickly identify the prevailing trend during different market sessions. To use the indicator, traders can overlay it on their price charts in TradingView. By enabling or disabling specific trading sessions, they can focus on the trends and price movements during those specific time periods. Please note that the actual appearance of the indicator on the chart depends on the user's chosen settings for session enablement and color preferences.
Pine Script™ indicator
by SIeyder
5
Fibonacci TradingFibonacci Trading This simple script draw Fibonacci Retracement to define pullback level and draw Fibonacci Extension to define target level of a upward wave or doward wave 1. Upward wave 1.1 Fibonacci Retracement + Fibonacci Retracement measuare from support to nearest resistance on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Long Invalidation" + Retracement Level 50 and 61.8 is ploted as blue line + The zone between Retracement Level 50 and 100 is filled by blue color and named as "Buy zone" 1.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 2. Doward wave 2.1 Fibonacci Retracement + Fibonacci Retracement measuare from resistance to nearest support on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Short Invalidation" + Retracement Level 50 and 61.8 is ploted as red line + The zone between Retracement Level 50 and 100 is filled by red color and named as "Sell zone" 2.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 3. Trading Setup 3.1 Long Only: Only display Fibonacci of Upward wave 3.2 Short Only: Only display Fibonacci of Doward wave 3.3 Both: Display both Fibonacci of Upward wave and Doward wave
Pine Script™ indicator
by inno14
19
Psychological Support/Resistence [BigBeluga]The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached. 🔶 CALCULATION The script takes into consideration the total number of sequential candles moving in the same direction, as determined by the user's settings. When this sequence is identified, a level is created. A level is considered broken when the candle's close is above the top/bottom of the level. Users have the option to select the width of the area based on the Average (AVG), Open, or Close. AVG will provide the average width of the level of the area. Close will offer a broader range to work with. Open will provide a very narrow area. 🔶 METHODOLOGY The idea behind these areas is that the price will be more likely to produce either a substantial move in the ongoing direction or, when breached, a strong price reaction. The more the support level is touched or tested, the more likely it is to break. The longer it has been since its creation and the less it has been tested, the more likely it is to offer strong support or resistance. Wicks starting to close above the level will indicate a potential breakout to the upside or downside if a candle manages to close above it. 🔶 INPUTS Users have the option to determine the number of sequential candles. Users also have the option to decide how many zones to display on the chart. Color changes are possible. The possibility to show volume on the creation of the zone is included."
Pine Script™ indicator
by BigBeluga
22
Number of Bars CheatSheetA regular trading day on the New York Stock Exchange (NYSE) consists of two main sessions: the Opening Auction and the Closing Auction, separated by a continuous trading session. Here's a breakdown of the trading day: 1. **Pre-Opening Session**: This session starts at 4:00 AM Eastern Time (ET) and lasts until 9:30 AM ET. During this time, there is limited trading activity, and orders can be entered and canceled. However, most of the trading activity doesn't occur until the regular trading session begins. 2. **Regular Trading Session**: The regular trading session on the NYSE starts at 9:30 AM ET and lasts until 4:00 PM ET. This is the primary trading session where the majority of price bars are formed. 3. **Closing Auction**: After the regular trading session ends at 4:00 PM ET, there is a closing auction period that typically lasts until 4:10 PM ET. During this time, there is a final price discovery process where orders are matched to determine the closing price for each security. So, during the regular trading session, which is the main focus for most traders and investors, there are a total of 6.5 hours of trading. Trading occurs continuously during this time, with price bars being formed based on the time frame you're looking at. The most common time frames for price bars are one minute, five minutes, 15 minutes, 30 minutes, and one hour, among others. Therefore, the number of price bars in a regular trading day on the NYSE will depend on the time frame you are using for your analysis. For example, if you are using one-minute bars, there will be 6.5 x 60 = 390 price bars in a regular trading day.
Pine Script™ indicator
by thebearfib
Contraction Box & Doji LinesContraction & Doji Lines indicator is designed to identify and visualize potential support and resistance levels on a price chart. It does this by detecting doji candlestick patterns and drawing horizontal lines from the middle of the doji bodies to the right. Additionally, it also highlights price contraction zones with colored boxes. The indicator first identifies doji candlestick patterns that it suggests indecision in the market, a horizontal line and these horizontal lines can act as potential support or resistance levels. Traders can observe price reactions around these lines. If the price approaches a line and bounces off it, it may indicate a significant level in the market. In addition to doji lines, this indicator also highlights price contraction zones. When a contraction zone is detected, a colored box is drawn to highlight this zone. The box extends from the fifth bar ago (left side) to the current bar (right side), with the highest high and lowest low of the identified zone. The color and width of this box can be customized using the "Box Line Border Color," "Box Background Color," and "Box Width" parameters. A possible strategy could be can use the doji lines as potential support and resistance levels to make trading decisions. For example, if the price breaks above a doji line and holds, it may indicate a bullish signal. The colored boxes highlight areas of price contraction, which often precede significant price movements. Traders can use these zones to anticipate potential breakouts or breakdowns. For example, you might enter a long (buy) position if it anticipate a breakout from a contraction zone with a target price set above the breakout level. Conversely, you might enter a short (sell) position if they anticipate a breakdown from a contraction zone with a target price set below the breakdown level.
Pine Script™ indicator
by AleSaira
7
Premium Dashboard [TFO]The purpose of this indicator is to serve as a scanner/dashboard for several symbols across multiple timeframes. At the time of release, the scanner looks for the following criteria on all selected timeframes: - Whether price is in a Fair Value Gap (FVG) - Whether price is in an Order Block (OB) - Current Market Structure - Nearest Liquidity Pivots - Proximity to said Liquidity Pivots For FVGs, the user selects a Displacement Strength to validate FVGs from the selected timeframes; larger values require greater displacement. The table will indicate whether price is presently trading in a valid bullish FVG, bearish FVG, or none. With OBs, the user selects a similar Displacement Strength to validate OBs from the selected timeframes. Again, larger values require greater displacement to validate an OB. The table will indicate whether price is presently trading in a bullish OB, bearish OB, or none. For Market Structure, the table will indicate whether the current structure is bullish or bearish on each respective timeframe. A pivot strength parameter is used to determine which swing highs and swing lows warrant valid Market Structure Shifts (reversals) or Breaks of Structure (continuations). The Liquidity section of the dashboard displays the nearest Buyside and Sellside Liquidity (major highs and lows) from each respective timeframe. A similar pivot strength parameter is used to determine how "strong" the highs and lows must be in order to be considered valid. The Premium / Discount section offers an alternative view of the nearest Liquidity Pivots, where it will instead display a percent value to describe how close price is to Buyside or Sellside Liquidity. Values approaching 100% imply price is trading close to the nearest Buyside Liquidity, while values approaching 0% imply price is trading close to Sellside Liquidity. Users can also choose to show any of the above features on their current chart: FVGs, OBs, cumulative Market Structure, and Liquidity, all from the various selected timeframes.
Pine Script™ indicator
by tradeforopp
19
Market Manipulation DetectorThe Market Manipulation Detector (MMD) is a technical tool designed to identify potential market manipulation attempts. The detector is based on a combination of heuristic techniques that may indicate intentional, non-fundamental movements in a market, potentially led by large entities or "whales". Key Components: Pump and Dump Detection: Identifies abnormal price and volume spikes that are indicative of a classic pump and dump. Price Gap & Volume Correlation: Pinpoints gaps in price that aren't backed by a significant change in volume, indicating potential manipulative intent. RSI Divergence with Volume: Captures instances where price action diverges from RSI, but volume does not support the divergence, indicating it might be artificially driven. Whale Watcher: Watches for volume levels that significantly exceed the average, suggesting potential whale activity. Heuristics: Volume Spike: When the current volume exceeds the average volume by a multiplier, it may indicate unusual activity. Price Spike: Unusually large candlesticks, in terms of price movement, can be indicative of potential manipulation. Gap Without Volume: If the price jumps significantly without a corresponding rise in volume, it could be a sign of artificial movement. RSI Bullish/Bearish Divergence: This is when the price moves in one direction (e.g., down) but the RSI moves in the opposite direction (e.g., up), and the volume does not support this divergence. Whale Volume: When the current volume is exceedingly higher than the average, indicating possible large entity trades. Visualization: Dots on the chart: These represent potential manipulation events. Green dots signify bullish manipulation attempts, while red dots signify bearish ones. Histogram: Offers a quick view of the manipulation score. It plots either 0 (no manipulation detected) or 100 (manipulation detected). Important Note: While MMD is a powerful tool, it's essential to remember that no indicator is infallible. The detector identifies patterns that could be indicative of market manipulation, but false positives can occur. Therefore, it's crucial to use this tool in conjunction with other technical indicators, fundamental analysis, and sound risk management strategies.
Pine Script™ indicator
by snp15
1
TTP Green/Red Consecutive CandlesThis indicator counts consecutive green/red candles offering some basic statistics and signals/alerts. Features - Counts consecutive green/red candles in an oscillator chart - Moving average of the counting helps spotting when the consecutive candles are away from the mean. MA length and multiplier to adjust the signal sensitivity. - Thresholds can be set to backtest and send alerts on any number of arbitrary consecutive candles of the same color. - All time highs: the indicator keeps track of when the maximum has been reached - Distribution data: the number of times each number of consecutive color candles has been reached is offered Signals - Threshold signal triggers when the number of candles of the same color is above the specified threshold. - MA cross signal triggers when the number of candles of the same color is above the MA.
Pine Script™ indicator
by TheTradingParrot
Indecision Candle FinderIndecision Candle Finder, is a simple indicator for quickly identifying indecision candles. What does Indecision Candle Finder Indicator Does? This indicator enables quick and easy identification of indecision candles. When an indecision candle appears on a chart, this indicator identifies this candle with either a red circle for a bearish indecision candle, or a green circle for bullish indecision candle. What is an indecision candle? Indecision candles are relatively small and opposite direction candles that appear between two equal direction candles on a trending market. These candles usually have a smaller body than their wicks and can appear on any timeframe. How to use Indecision Candle Finder Properly? Indecision candles by definition indicate indecisiveness in the market. These are areas where some traders, especially the smart money do trades opposite to the market direction. On a trending market, these areas may work as resistance/support zones when the trend changes or the market makes a correction. Indecision Candles especially work well on higher timeframes. Example #1 In this graph, we can see a valid example of an indecision candle. A relatively small bearish candle appearing on a trending market. This zone worked as a resistance zone when the trend changes.
Pine Script™ indicator
by LordBarlord
1
Buy/Sell EMA CrossoverThe indicator identifies potential trading opportunities within the market. It is entirely based on the combination of exponential moving averages by drawing triangles on the chart that identify buy or sell signals combined with vertical bars that create areas of interest. Specifically, when a buy signal occurs, the indicator draws a vertical bar with an azure background, indicating a possible buy area. Similarly, a sell signal is represented by a vertical bar with a fuchsia background, indicating a possible sell area. These areas represent the main point of the indicator which uses exponential moving averages which, based on the direction of prices, identify the trend and color the background of the graph in order to visually highlight the predominant trend. The green triangles above the bars of the chart suggest possible upside opportunities (good bullish entry points) when the 21 ema crosses the 200 ema. While on the contrary the red triangles, 21 ema lower than the 200 ema, can indicate possible bearish trends (good bearish entry points). While the white and purple triangles reveal moments of potential indecision or market change. We can think of them as situations of uncertain trend in which it is possible to place a long or short order near some conditions that we are going to see. The white triangles below, which are created when the 13 ema is higher than the 21 ema, indicate a possible bullish zone while the purple triangles above (13 ema lower than the 21) could suggest a bearish reflex Colored lines represent moving averages blue = 200, 21= fuchsia and 13 = white. If the price is above the 200 period line then it could be a bullish opportunity, otherwise it could be a bearish one. An interesting strategy to adopt is to evaluate, for example, the inputs near the vertical bars (azure - long) (fuchsia - short) when a white or purple triangle appears. The more prominent green triangle indicates that the trend is going in a long direction. On the contrary, the red (short) triangles are the opposite of the green ones and have the same importance as input logic. The white triangle instead present more often inside the indicator identifies interesting buying areas of short duration, it is important to consider that the closer the triangles are to the vertical blue bars the stronger the entry signal. Finally, the purple triangles are the short-term bearish trends whose entry near the fuchsia vertical bars defines a short.
Pine Script™ indicator
by AleSaira
CCPD Candle Color Price DetectorThe "CCPD Candle Color Price Detector" is a custom indicator developed for TradingView, a popular platform for technical analysis and trading. This indicator assists traders in identifying potential trend reversals and assessing market sentiment based on candlestick color changes and key price levels. This indicator operates as follows: Color Change Detection: It primarily focuses on the color of candlesticks (green for bullish and red for bearish). When a candlestick closes higher than it opens, it is considered green (bullish), and when it closes lower, it is red (bearish). High and Low Analysis: The indicator calculates the highest high and lowest low over a user-defined number of bars (specified by the 'Bars for High/Low' input parameter). This helps identify recent price extremes. Midpoint Calculation: It then computes the midpoint between the highest high and lowest low, effectively determining a central reference point within the specified period. Signal Generation: Buy and sell signals are generated based on the relationship between the current candlestick's close price, the midpoint, and the candlestick color. Buy signals occur when a green candle closes above the midpoint, suggesting potential bullish momentum. Conversely, sell signals trigger when a red candle closes below the midpoint, indicating possible bearish pressure. Visualization: The indicator visualizes the highest high, lowest low, midpoint, and additional lines to aid in understanding the price action and potential reversal points. Alerts: It provides alerts for buy and sell signals, allowing traders to receive notifications when potential trading opportunities arise. Usage: Traders can utilize the "CCPD Candle Color Price Detector" in the following ways: Trend Reversal Identification: This indicator can help traders spot potential trend reversals by signaling when candlestick colors change and close near the midpoint. Buy and sell signals offer entry points for trades based on these reversals. Confirmation Tool: It can be used in conjunction with other technical analysis tools to confirm trading decisions. For example, a buy signal from this indicator, coupled with a bullish trendline break or a bounce from a key support level, may provide a stronger bullish signal. Risk Management: By understanding potential reversal points and using stop-loss orders, traders can better manage their risk and protect their capital when entering positions based on the indicator's signals. Customization: The indicator allows users to adjust the number of bars for high/low calculations, making it adaptable to different trading strategies and timeframes. In summary, the "CCPD Candle Color Price Detector" is a versatile indicator that can aid traders in spotting potential trend changes, enhancing trading decisions, and managing risk effectively. However, like any trading tool, it should be used in conjunction with other analysis methods and risk management strategies for optimal results.
Pine Script™ indicator
by KingForexBob
Choose Symbol, candle and line modeThis indicator plots candlesticks or line charts based on user-specified symbol and price data in the time frame. The user can also choose whether this indicator works in normal mode or Heikin-Ashi mode. Here are the features of this indicator: 1. **Trend and Normal Modes:** User can choose to operate the indicator in two different modes. In "Trend Mode" the indicator plots the moving average of the price based on the specified period length. In the "Normal Mode", it draws the opening, high, low and closing prices similar to the Heikin-Ashi candlesticks. 2. **Time Zone Selection:** User can select a different time zone to operate this indicator. By default, the current chart timeframe is used. 3. **Symbol Selection:** The indicator uses the price data from the specified symbol. The user can specify the symbol in the format "SYMBOL:PAIR". 4. **Buy-Sell Signals:** The indicator identifies buy and sell signals based on a certain period length. A buy signal occurs when the price goes above the line, while a sell signal occurs when the price goes below the line. 5. **Buy-Sell Alerts:** Alerts are sent to the user for buying and selling signals. 6. **Display on Chart:** The indicator draws candlesticks or line chart with specified modes and colors. It also marks the buying and selling points on the chart. This indicator is used to analyze price movements in the specified symbol and time frame and to assist in buying and selling decisions. It has a user-friendly and customizable interface. It is for idea purposes only, does not contain investment advice.
Pine Script™ indicator
by erdas0
[GTH decimals heatmap] (wide screen advised)Preface I share my personal general view on indicators below; skip ahead to the Description below if you are not interested. It is my personal conviction that most - if not all - indicators rely mainly on trader's belief that they work, and in a feedback system like free markets they might become a self-fulfilling prophecy as a result, if (!) a big part of the traders believes in it, because some famous trader releases an indicator, or such person's public statement goes viral. One of those voodoo indicators is the famous "follow-through day". There is zero statistical evidence for its validity, beyond the validity of a statement like "If it's bright at day it's usually the sun shining". The uselessness was proven exactly on its inventor's YT channel, Investors Business Daily. According to the examiner, its inventor William J. O'Neil himself could not explain the values used for this indicator. It might have been an incidental observation at some point without general validity. A.k.a "curve fitting". Still, it's being used by many today. Another one of those indicators is the three points reversal on the S&P 500 Volatility Index (VIX) which allegedly might potentially maybe indicate a possible shift in trend. Both indicators share an immediately problematic feature: They use absolute values. Nothing is ever absolute in a highly subjective and emotionally driven game like the markets where a lot of money can be made and lost. Most indicators can not produce additional information since they can only re-pack price/volume action. Many times an interpretion of the distance between price and a moving average and/or the slope of a moving average deliver very similar - if not better - results than MACD, RSI etc., especially with standard settings, the origin of which are usually unknown (always a warning sign). Very few indicators can deliver information which is otherwise hard to quantify, e. g. market noise (Kaufman's Efficiency Ratio or Price Density) or volatility, standard deviation etc. It is common knowledge that trading the markets is a game of probability. No indicator works all the time (or at all, see above). In order to make decisions based on any indicator, the probability for its validity and the conditions under which validity seemed to have occurred, must be known. Otherwise it is just coffee grounds reading under the illusion of adding to the edge, when in fact it is only adding to the trees, making it even harder to see the forest. Description A common belief is that whole or half-dollar prices tend to be attraction points in price action, so a number of traders include those into decision making. But are they really...? Spoiler Alert: Generally, it is safe to say that for the big majority of stocks there is very thin evidence for it. It depends vastly on the asset, the timeframe used and the market period (pre/post/main trading times). If at all, there seems to be an above random but still thin evidence for whole prices being significant attraction points. Interesting/surprising patterns are visible on many stocks/timeframes/session periods, though. The screenshot shows TSLA, 30m timeframe, two heatmaps added. The top one shows pre/post-market data only, the bottom one main market data only. The cyan fields indicate the strongest occurrence, the dark blue fields indicate the weakest occurrence of open/high/low/close prices at the respective decimal. The red field indicates the current/last price decimal. Clearly, TSLA displays a strong pre-market attraction for .00, followed by .33 and .67 and .50. This pattern of thirds seems to be a unique feature of TSLA. In the main trading session it is being diluted by a more random distribution. Other interesting equities to examine: SPY: No significant pattern on any timeframe! META: Generally weak patterns on all timeframes, but interestingly on the 1D there is evidence for less randomness on O and H, more on L and most on C. AAPL: 1D, foggy attraction areas around .35 and .12. Whole price is no attraction area at all! Very weak attraction around .73. AMD: Strong pattern on D, W, M, attraction areas around 1/16th intervals. No patterns on lower timeframes. AMZN: Significant differences between pre/post and main session. Strong 1/16th pattern below D in pre/post. TAOP: Strong 1/5th pattern on all timeframes. Read the tool tips and go explore!
Pine Script™ indicator
by gehteha