Mickey's BBMickey's BB – Smart Reversal Detector with SL Tracking 🔁
This indicator combines the power of Bollinger Bands with engulfing candle patterns to identify high-probability reversal points.
✅ Buy Signal: Triggered when a red candle touches the lower Bollinger Band and is engulfed by a green candle within the next few candles.
✅ Sell Signal: Triggered when a green candle touches the upper Bollinger Band and is engulfed by a red candle within the next few candles.
✅ Smart Lookahead: Scans up to X candles ahead (user-defined) to confirm engulfing reversals — reducing noise in sideways markets.
✅ Dynamic Stop-Loss & Target: Automatically plots SL/TP levels based on user-defined % thresholds.
✅ SL HIT Labels: Highlights exactly when a stop-loss is breached, giving clear visual feedback on trade failures.
✅ Adaptive Market Filter: Signals are only shown when Bollinger Band width exceeds a minimum threshold — filtering out weak/noise signals in low volatility.
🔍 Ideal for reversal traders, scalpers, and those who love combining price action with volatility-based setups.
🛠️ Customizable Parameters:
SMA Period & Std Dev Multiplier (for BB)
SL/Target % levels
Engulf Lookahead range
Minimum BB width to filter signals
🎯 Build it into your strategy, set alerts, or just use it visually to time your entries and exits with clarity.
Candlestick analysis
Pinbar DetectorFinding a pinbars on m5 timeframe. In order for the indicator to search for pinbars specifically on the M5 timeframe (5 minutes), you need to set this value in the tf parameter by default. In the current code, the timeframe is set via input.timeframe, and you can either change it manually in the indicator settings after adding it to the chart, or set M5 directly in the code.
Here's how to do it:
Change in code: In the line with input.timeframe, replace the default value "D" with "5" (in Pine Script, timeframes are designated as follows: "5" for 5 minutes, "15" for 15 minutes, "60" for 1 hour, etc.).
Volume Delta Divergence + Bollinger Bands (Filtered)📌 Volume Delta Divergence with Bollinger Bands (Filtered)
This script combines Volume Delta Divergence detection with Bollinger Bands to help identify high-probability buy and sell signals based on volume behavior and price action.
🔍 Key Features:
✅ Divergence Detection: Identifies when price moves in one direction (green/red candle), but the delta volume (buy vs sell volume) moves in the opposite direction — a common sign of hidden weakness or strength.
✅ Volume Strength Filter: Filters out weak divergence signals by checking if the delta volume is significantly larger than its historical average (user-defined lookback).
✅ Breakout Confirmation: A signal is only triggered when the next candle breaks the high or low of the divergence candle.
✅ Bollinger Bands Overlay: Adds standard Bollinger Bands (20-period SMA ± 2 standard deviations by default) for trend and volatility analysis.
✅ Clean Signal Display: Plots "BUY" and "SELL" labels only when strong divergences occur, reducing noise and false signals.
⚙️ User Inputs:
Custom timeframe for volume delta analysis
Delta volume average lookback period
Bollinger Band settings (length & deviation)
🧠 How to Use:
Use the divergence signals in conjunction with Bollinger Band positioning.
Consider SELL signals stronger when they occur near the upper Bollinger Band, and BUY signals near the lower band.
Combine with price action or RSI for added confluence.
Bi Trend signalauto bot MT5 for XAU, BTC ETH, liên hệ tôi để biết thêm chi tiết cho các hạng mục coppy trade
Price action plus//The system combines the divergence of A/D and OBV with identifying reversal points using Japanese candlestick patterns, creating an enhanced version of price action. This helps investors more easily and accurately recognize reversal patterns in technical analysis.
Divergence of A/D vs. OBV includes:
Positive divergence: Identifies smart money leaving the market.
Negative divergence: Identifies smart money entering the market.
Reversal candlestick patterns include:
Buy signals: Morning Star, Bullish Engulfing, Hammer.
Strong Buy signals: Buy signals + Negative divergence
Sell signals: Evening Star, Bearish Engulfing, Shooting Star.
Strong Sell signals : Sell signals + Positive divergence
//Hope this system will be helpful for you!
VWAP + RSI Divergence Intraday
VWAP for trend confirmation
RSI divergence detection
Entry signals when price breaks above VWAP with increasing volume
Stop-loss & take-profit levels
Open Price on Selected TimeframeIndicator Name: Open Price on Selected Timeframe
Short Title: Open Price mtf
Type: Technical Indicator
Description:
Open Price on Selected Timeframe is an indicator that displays the Open price of a specific timeframe on your chart, with the ability to dynamically change the color of the open price line based on the change between the current candle's open and the previous candle's open.
Selectable Timeframes: You can choose the timeframe you wish to monitor the Open price of candles, ranging from M1, M5, M15, H1, H4 to D1, and more.
Dynamic Color Change: The Open price line changes to green when the open price of the current candle is higher than the open price of the previous candle, and to red when the open price of the current candle is lower than the open price of the previous candle. This helps users quickly identify trends and market changes.
Features:
Easy Timeframe Selection: Instead of editing the code, users can select the desired timeframe from the TradingView interface via a dropdown.
Dynamic Color Change: The color of the Open price line changes automatically based on whether the open price of the current candle is higher or lower than the previous candle.
Easily Track Open Price Levels: The indicator plots a horizontal line at the Open price of the selected timeframe, making it easy for users to track this important price level.
How to Use:
Select the Timeframe: Users can choose the timeframe they want to track the Open price of the candles.
Interpret the Color Signal: When the open price of the current candle is higher than the open price of the previous candle, the Open price line is colored green, signaling an uptrend. When the open price of the current candle is lower than the open price of the previous candle, the Open price line turns red, signaling a downtrend.
Observe the Open Price Levels: The indicator will draw a horizontal line at the Open price level of the selected timeframe, allowing users to easily monitor this important price.
Benefits:
Enhanced Technical Analysis: The indicator allows you to quickly identify trends and market changes, making it easier to make trading decisions.
User-Friendly: No need to modify the code; simply select your preferred timeframe to start using the indicator.
Disclaimer:
This indicator is not a complete trading signal. It only provides information about the Open price and related trends. Users should combine it with other technical analysis tools to make more informed trading decisions.
Summary:
Open Price on Selected Timeframe is a simple yet powerful indicator that helps you track the Open price on various timeframes with the ability to change colors dynamically, providing a visual representation of the market's trend.
TJR Strategy Ultimate ProAll done — your TJR Strategy Ultimate indicator is now fully coded and live in the canvas.
This version includes:
Liquidity sweeps
OB and FVG zones
Session filter
RSI + multi-timeframe bias
Alerts + webhook formatting
Auto-drawing Entry / SL / TP boxes
Dashboard panel
Previous session highs/lows & equal highs/lows
Estrategia EMA + RSIElser Senior Strategy: A Precise Approach to Profitable Trading
The Elser Senior strategy is designed for traders looking to take advantage of the best market opportunities with a robust technical approach. Using a combination of Exponential Moving Averages (EMA) and the Relative Strength Index (RSI), this strategy identifies key entry and exit points, allowing you to maximize profits and minimize risks.
Short and Long EMAs: Accurately detect the market trend, providing clear buy and sell signals.
RSI: Filters out false breakouts, focusing on overbought and oversold levels for more informed decision-making.
Customizable Stop Loss and Take Profit: Protects your capital with risk management settings tailored to your needs. Set a personalized Stop Loss and TP/SL ratio, optimizing your chances of success.
This strategy works across the most popular timeframes: 15 minutes, 1 hour, 4 hours, and 1 day, allowing you to adapt to different trading styles, from intraday to long-term positions.
Ideal for Forex, Indices, Commodities, and Cryptocurrencies, the Elser Senior Strategy has been crafted for serious traders seeking consistency and reliability in their operations. With a clear and easy-to-follow structure, it is perfect for both novice and experienced traders.
Follow the signals, optimize your risk management, and achieve successful trading with Elser Senior!
Supply & Demand Zones
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Supply and Demand Zones
This indicator displays valid Supply and Demand zones on any chart and timeframe, using dynamically updating visuals. Users can see the moment that zones become validated, used, and then invalidated during live sessions. It is sleek, lightweight, and offers a feature-rich settings panel that allows customization of how each element appears and functions. Zones can enhance the probability of successful trades by locating areas that are most likely to contain resting orders of Supply or Demand, which are needed for price reversals.
Disclaimer
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Like all indicators, this can be a valuable tool when incorporated into a comprehensive, risk-based trading system.
Supply and Demand is not the same thing as Support and Resistance.
Trading based on price hitting a zone without understanding which zones are of higher quality and which are of lower quality (only discernible with a trained human eye) will yield poor results.
Supply and Demand works well as a system and even better when added to an existing one. However, like all effective trading techniques, it requires diligent study, practice, and repetition to become proficient. This is an indicator for use with Supply and Demand concepts, not a replacement for learning them.
Features
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Once a valid candle sequence is confirmed, a box will appear that displays the zone over the precise zone range. At 50% zone penetration, a zone becomes used , and at 100% it becomes invalidated . Each of these zone classifications changes the behavior of the zone on the chart immediately. The settings panel offers custom colors for Supply , Demand , Used , and Invalidated zone types.
Borders : The subtle border colors can be changed or hidden.
Boxes or Bases : Advanced users can opt to hide zone boxes and instead display small, subtle tags over base candle groups. This allows for more customizable selection over what is displayed and how.
Max Zones and Hide Invalidated :
There are limitations on how many objects TradingView allows at once. Because of this, once zones go from used to invalidated , they are hidden (deleted) by default. This allows the zones index to be allocated to display more valid , usable zones instead. If a user prefers to keep invalidated zones visible, they can be enabled; however, this will result in showing more recent zones for fewer historical zones.
All zones share one pool, so if you allow fifty max zones, forty-five might be supply while five might be demand on a big sell-off trend. You will always see the most recent zones, regardless of type or status.
It’s up to you how much clutter you want on your screen and how much improved load time you want - but once loaded, zone creation and function are always instantaneous.
Load Time
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Load time refers to the time it takes from when you switch tickers or timeframes before the zones are displayed initially. There is zero lag in the dynamic function and minimal load time, regardless of settings. However, if you are a fine-tuner or multi-screener, the number of Max Zones displayed is the only major variable affecting load time.
I run everything at Max when I develop. When I trade, I run mine at 25 max zones because I change timeframes often and want a very quick display of zones when I do. I have invalidated hidden, and simply enable it if I want to check an old zone. This gives me more zones than I need and reduces the load time to right where I like it.
Thresholds
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It is recommended to leave these as the default.
Base Body Threshold : Determines the maximum ratio of a candle’s body to wick before invalidation. Default (50% or 0.5). A higher number loosens thresholds, resulting in more zones being displayed.
Unrequire 2nd FT if LO is Strong & Strength Multiplier :
The standard logic sequence requires two Follow-Through candles. Under some strong price movement, Leg-Out candles can make an explosive directional move from a base, making a convincing argument for supply and demand perfectly at work, if not for a single Follow-Through candle instead of two.
By enabling this feature, you can tell the script to ignore second Follow-Through candles, if and only if, the Leg-Out candle's range is (Strength) X the base range. exceeds the range of the Base by a factor of X (Strength). ie: At 5x, this would require a Leg-Out range to be 500% the range of the Base.
If enabled and the Leg-Out is not strong enough, the default logic kicks in, and a second follow-through candle will validate the zone as per usual. This loosens thresholds overall and should result in more zones.
Recommended Usage
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Form a thesis using your primary trend trading system (eg: Elliott Wave, Structure Reversal, TheStrat, et al) to identify locations of a pullback for a long or short entry.
Identify a pullback area using your system, then use this indicator to find a high-quality zone on your chosen timeframe.
Once located, draw your own channel over the indicator's zone box. Start on 1m, check for zones, 2m, 3m, and so on. When you see a zone you like, recreate it; thus, when finished, you can see every timeframe’s highest-quality zones that you created, regardless of what timeframe you switch to. Tip: Be selective
To make the process faster, save a channel design in settings for “Demand” and one for “Supply”, then you can quickly get through this process in less than a minute with practice.
Optional: Use additional methods (eg: Fibonacci retracements, Elliott Wave Theory, Anchored VWAPs) to find congruent confirmation.
Version 1.0
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No known bugs remain from the closed beta.
In Development
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Powerful combination zones occur when standard zone sequences are extended with additional levels of demand or supply by adding more conditionals to the state machine logic. Got this mostly working in a dev version and it adds minimal extra resources. Set aside to polish a clean standard 1.0 for release first, but now displaying these extended zones is my top priority for next version.
MTF support is essentially working in a dev copy, but adds resources. Not sure if it is in the spirit of price action being the primary focus of a chart for serious traders, rather than indicators. If there is demand for it, I'll consider it.
Additional Threshold Settings
Thanks!
____________________
Thank you for your interest in my work. This was a personal passion project of mine, and I was delighted it turned out better than I hoped, so I decided to share it. If you have any comments, bugs, or suggestions, please leave them here, or you can find me on Twitter or Discord.
@ ContrarianIRL
Open-source developer for over 25 years
Candle Height & Trend Probability DashboardDescription and Guide
Description:
This Pine Script for TradingView displays a dashboard that calculates the probability of price increases or decreases based on past price movements. It analyzes the last 30 candles (by default) and shows the probabilities for different timeframes (from 1 minute to 1 week). Additionally, it checks volatility using the ATR indicator.
Script Features:
Calculates probabilities of an upward (Up %) or downward (Down %) price move based on past candles.
Displays a dashboard showing probabilities for multiple timeframes.
Color-coded probability display:
Green if the upward probability exceeds a set threshold.
Red if the downward probability exceeds the threshold.
Yellow if neither threshold is exceeded.
Considers volatility using the ATR indicator.
Triggers alerts when probabilities exceed specific values.
How to Use:
Insert the script into TradingView: Copy and paste the script into the Pine Script editor.
Adjust parameters:
lookback: Number of past candles used for calculation (default: 30).
alertThresholdUp & alertThresholdDown: Thresholds for probabilities (default: 51%).
volatilityLength & volatilityThreshold: ATR volatility settings.
dashboardPosition: Choose where the dashboard appears on the chart.
Enable visualization: The dashboard will be displayed over the chart.
Set alerts: The script triggers notifications when probabilities exceed set thresholds.
ICT Order Blocks v2 (Debug)Josh has a very large PP xD
Understanding Order Blocks (OBs) - The ICT Perspective
This document delves into the concept of Order Blocks (OBs) from the perspective of the ICT methodology. It outlines what OBs are, their significance in trading, and how the "ICT Order Blocks v2 (Refined)" indicator functions to identify and visualize these critical price levels. By understanding OBs, traders can better navigate market movements and make informed decisions based on institutional trading behavior.
What is an Order Block (OB)?
Within ICT methodology, an Order Block represents a specific price candle where significant buying or selling interest from institutions (Smart Money) is believed to have occurred. They are potential areas where price might return and react.
Bullish Order Block: Typically the last down-closing candle before a strong, impulsive upward move (displacement). It suggests institutions may have absorbed selling pressure and initiated long positions here.
Bearish Order Block: Typically the last up-closing candle before a strong, impulsive downward move (displacement). It suggests institutions may have distributed long positions or initiated short positions here.
Why are OBs Significant (ICT View)?
Institutional Footprint: They mark potential zones of large order execution.
Support/Resistance: Unmitigated OBs can act as sensitive price levels where reactions are expected. Bullish OBs may provide support; Bearish OBs may provide resistance.
Origin of Moves: They often mark the origin point of significant price swings.
Liquidity Engineering: Institutions might drive price back to OBs to mitigate earlier positions or to engineer liquidity before continuing a move.
Common Refinements
ICT often emphasizes higher probability OBs that are associated with:
Displacement: The move away from the OB is sharp and decisive.
Fair Value Gaps (FVGs): An FVG forming immediately after the OB strengthens its validity.
OB Mitigation: This refers to price returning to the level of the Order Block after its formation. Price might react at the edge (proximal line) or the 50% level (mean threshold) of the OB. An OB is often considered fully mitigated or invalidated if price trades decisively through its entire range, especially with a candle body closing beyond it.
How the "ICT Order Blocks v2 (Refined)" Indicator Works
This indicator automates the detection and visualization of the most recent unmitigated Order Block of each type (Bullish/Bearish), incorporating optional filters.
Detection:
It looks at the relationship between the candle two bars ago ( ), the previous candle ( ), and potentially the current candle ( ).
Bullish OB: Identifies if candle was a down-close (close < open ) AND candle broke above the high of candle (high > high ).
Bearish OB: Identifies if candle was an up-close (close > open ) AND candle broke below the low of candle (low < low ).
Accuracy Filters (Optional Inputs):
These filters help identify potentially higher-probability OBs:
Require Fair Value Gap (FVG)?: If enabled, the indicator checks if an FVG formed immediately after the OB candle ( ). Specifically, it looks for a gap between candle and candle (low > high for Bullish OB confirmation, high < low for Bearish).
Require Strong Close Breakout?: If enabled, it requires the breakout candle ( ) to close beyond the range of the OB candle ( ). (close > high for Bullish, close < low for Bearish). This suggests stronger confirmation.
Storing the Most Recent OB:
When an OB is detected and passes any enabled filters, its details (high, low, formation bar index) are stored. Crucially, this indicator only tracks the single most recent valid unmitigated OB of each type (one Bullish, one Bearish) using var variables. If a newer valid OB forms, it replaces the previously stored one.
Drawing Boxes:
If a valid Bullish OB is being tracked (and Show Bullish OBs is enabled), it draws a box (box.new) using the high and low of the identified OB candle ( ). The same process applies to Bearish OBs (Show Bearish OBs enabled). The boxes automatically extend to the right (extend.right) and their right edge is updated on each new bar (box.set_right) until they are mitigated. Labels ("Bull OB" / "Bear OB") are displayed inside the boxes.
Mitigation & Box Deletion:
The indicator checks if the current closing price (close ) has moved entirely beyond the range of the tracked OB.
Mitigation Rule Used: A Bullish OB is considered mitigated if close < bull_ob_low. A Bearish OB is considered mitigated if close > bear_ob_high. Once an OB is marked as mitigated, the indicator stops tracking it and its corresponding box is automatically deleted (box.delete) from the chart.
This indicator provides a dynamic visualization of the most recent, potentially significant Order Blocks that meet the specified criteria, helping traders identify key areas of interest based on ICT principles.
Stop Loss / Take Profit Table// (\_/)
// ( •.•)
// (")_(")
📈 Introducing the Stop Loss / Take Profit Table Indicator! 📈
Enhance your trading strategy with our powerful Stop Loss / Take Profit Table indicator, designed for traders in the Crypto, Stock, and Forex markets. This easy-to-use tool helps you manage risk and maximize profits by clearly displaying your Stop Loss and Take Profit levels based on your trading position.
Key Features:
Custom Asset Types: Choose between Crypto, Stock, or Forex to tailor the indicator to your specific trading style.
Dynamic Stop Loss & Take Profit Calculation: Set your desired Stop Loss percentage, and the indicator will automatically calculate your Stop Loss and two Take Profit levels based on different timeframes (1 min to 240 min).
Position Type Flexibility: Whether you're trading Long or Short, the indicator adjusts the calculations accordingly, providing you with precise price levels for effective risk management.
Visual Representation: Stop Loss and Take Profit levels are marked directly on the chart with distinctive horizontal lines in vibrant colors for easy reference.
Informative Table Display: A dedicated table displayed on the chart shows your asset type, position type, and calculated prices for Stop Loss and Take Profit levels, ensuring you have all critical data at a glance.
Alert Notifications: Stay informed with optional alerts that signal when your Stop Loss or Take Profit levels are hit, allowing you to react swiftly in fast-moving markets.
Why Use This Indicator?
Managing your trades is critical for success in the financial markets. With our Stop Loss / Take Profit Table, you can easily set your parameters and visually track your risk and reward levels, making it a practical addition to any trader's toolkit.
Get started today and take control of your trading strategy! ✨
Happy trading! 📊🚀
ICT FVG & Swing Detector Basic by Trader RiazICT FVG & Swing Detector Basic by Trader Riaz
Unlock Precision Trading with the Ultimate Fair Value Gap (FVG) and Swing Detection Tool!
Developed by Trader Riaz , the ICT FVG and Swing Detector Basic is a powerful Pine Script indicator designed to help traders identify key market structures with ease. Whether you're a day trader, swing trader, or scalper, this indicator provides actionable insights by detecting Bullish and Bearish Fair Value Gaps (FVGs) and Swing Highs/Lows on any timeframe. Perfect for trading forex, stocks, crypto, and more on TradingView!
Key Features:
1: Bullish and Bearish FVG Detection
- Automatically identifies Bullish FVGs (highlighted in green) and Bearish FVGs (highlighted in red) to spot potential reversal or continuation zones.
- Displays FVGs as shaded boxes with a dashed midline at 70% opacity, making it easy to see the midpoint of the gap for precise entries and exits.
- Labels are placed inside the FVG boxes at the extreme right for clear visibility.
2: Customizable FVG Display
- Control the number of Bullish and Bearish FVGs displayed on the chart with user-defined inputs (fvg_bull_count and fvg_bear_count).
- Toggle the visibility of Bullish and Bearish FVGs with simple checkboxes (show_bull_fvg and show_bear_fvg) to declutter your chart.
3: Swing High and Swing Low Detection
- Detects Swing Highs (blue lines) and Swing Lows (red lines) to identify key market turning points.
- Labels are positioned at the extreme right edge of the lines for better readability and alignment.
- Customize the number of Swing Highs and Lows displayed (swing_high_count and swing_low_count) to focus on the most recent market structures.
4: Fully Customizable Display
- Toggle visibility for Swing Highs and Lows (show_swing_high and show_swing_low) to suit your trading style.
- Adjust the colors of Swing High and Low lines (swing_high_color and swing_low_color) to match your chart preferences.
5: Clean and Efficient Design
- Built with Pine Script v6 for optimal performance on TradingView.
- Automatically removes older FVGs and Swing points when the user-defined count is exceeded, keeping your chart clean and focused.
- Labels are strategically placed to avoid clutter while providing clear information.
Why Use This Indicator?
Precision Trading: Identify high-probability setups with FVGs and Swing points, commonly used in Smart Money Concepts (SMC) and Institutional Trading strategies.
User-Friendly: Easy-to-use inputs allow traders of all levels to customize the indicator to their needs.
Versatile: Works on any market (Forex, Stocks, Crypto, Commodities) and timeframe (1M, 5M, 1H, 4H, Daily, etc.).
Developed by Trader Riaz: Backed by the expertise of Trader Riaz, a seasoned trader dedicated to creating tools that empower the TradingView community.
How to Use:
- Add the Custom FVG and Swing Detector to your chart on TradingView.
- Adjust the input settings to control the number of FVGs and Swing points displayed.
- Toggle visibility for Bullish/Bearish FVGs and Swing Highs/Lows as needed.
- Use the identified FVGs and Swing points to plan your trades, set stop-losses, and target key levels.
Ideal For:
- Traders using Smart Money Concepts (SMC), Price Action, or Market Structure strategies.
- Those looking to identify liquidity grabs, imbalances, and trend reversals.
- Beginners and advanced traders seeking a reliable tool to enhance their technical analysis.
Happy trading!
malama's volume spikeThe "malama's volume spike" indicator identifies and highlights bars where the trading volume significantly exceeds the average, signaling potential market interest or activity. It calculates a Simple Moving Average (SMA) of the volume over a user-defined period and compares the current volume against this average multiplied by a specified threshold factor. Bars where the volume surpasses this threshold are colored yellow on the chart, providing a visual cue for traders to identify potential trading opportunities.
How It Works:
Volume Moving Average (SMA): The indicator computes the SMA of the volume over a period defined by the user (default is 20 bars).
Threshold Calculation: It multiplies the SMA by a user-defined factor (default is 2.0) to set the volume spike threshold.
Volume Spike Detection: If the current volume exceeds this threshold, the corresponding bar is highlighted in yellow.
Usage:
Volume MA Length: Adjust this parameter to set the period over which the volume SMA is calculated. A shorter length responds more quickly to recent volume changes, while a longer length smooths out short-term fluctuations.
Volume Threshold Factor: Modify this factor to set the sensitivity of the volume spike detection. A lower value will highlight more bars, while a higher value will highlight fewer, more significant spikes.
PowerZone Trading StrategyExplanation of the PowerZone Trading Strategy for Your Users
The PowerZone Trading Strategy is an automated trading strategy that detects strong price movements (called "PowerZones") and generates signals to enter a long (buy) or short (sell) position, complete with predefined take profit and stop loss levels. Here’s how it works, step by step:
1. What is a PowerZone?
A "PowerZone" (PZ) is a zone on the chart where the price has shown a significant and consistent movement over a specific number of candles (bars). There are two types:
Bullish PowerZone (Bullish PZ): Occurs when the price rises consistently over several candles after an initial bearish candle.
Bearish PowerZone (Bearish PZ): Occurs when the price falls consistently over several candles after an initial bullish candle.
The code analyzes:
A set number of candles (e.g., 5, adjustable via "Periods").
A minimum percentage move (adjustable via "Min % Move for PowerZone") to qualify as a strong zone.
Whether to use the full candle range (highs and lows) or just open/close prices (toggle with "Use Full Range ").
2. How Does It Detect PowerZones?
Bullish PowerZone:
Looks for an initial bearish candle (close below open).
Checks that the next candles (e.g., 5) are all bullish (close above open).
Ensures the total price movement exceeds the minimum percentage set.
Defines a range: from the high (or open) to the low of the initial candle.
Bearish PowerZone:
Looks for an initial bullish candle (close above open).
Checks that the next candles are all bearish (close below open).
Ensures the total price movement exceeds the minimum percentage.
Defines a range: from the high to the low (or close) of the initial candle.
These zones are drawn on the chart with lines: green or white for bullish, red or blue for bearish, depending on the color scheme ("DARK" or "BRIGHT").
3. When Does It Enter a Trade?
The strategy waits for a breakout from the PowerZone range to enter a trade:
Buy (Long): When the price breaks above the high of a Bullish PowerZone.
Sell (Short): When the price breaks below the low of a Bearish PowerZone.
The position size is set to 100% of available equity (adjustable in the code).
4. Take Profit and Stop Loss
Take Profit (TP): Calculated as a multiple (adjustable via "Take Profit Factor," default 1.5) of the PowerZone height. For example:
For a buy, TP = Entry price + (PZ height × 1.5).
For a sell, TP = Entry price - (PZ height × 1.5).
Stop Loss (SL): Calculated as a multiple (adjustable via "Stop Loss Factor," default 1.0) of the PZ height, placed below the range for buys or above for sells.
5. Visualization on the Chart
PowerZones are displayed with lines on the chart (you can hide them with "Show Bullish Channel" or "Show Bearish Channel").
An optional info panel ("Show Info Panel") displays key levels: PZ high and low, TP, and SL.
You can also enable brief documentation on the chart ("Show Documentation") explaining the basic rules.
6. Alerts
The code generates automatic alerts in TradingView:
For a bullish breakout: "Bullish PowerZone Breakout - LONG!"
For a bearish breakdown: "Bearish PowerZone Breakdown - SHORT!"
7. Customization
You can tweak:
The number of candles to detect a PZ ("Periods").
The minimum percentage move ("Min % Move").
Whether to use highs/lows or just open/close ("Use Full Range").
The TP and SL factors.
The color scheme and what elements to display on the chart.
Practical Example
Imagine you set "Periods = 5" and "Min % Move = 2%":
An initial bearish candle appears, followed by 5 consecutive bullish candles.
The total move exceeds 2%.
A Bullish PowerZone is drawn with a high and low.
If the price breaks above the high, you enter a long position with a TP 1.5 times the PZ height and an SL equal to the height below.
The system executes the trade and exits automatically at TP or SL.
Conclusion
This strategy is great for capturing strong price movements after consolidation or momentum zones. It’s automated, visual, and customizable, making it useful for both beginner and advanced traders. Try it out and adjust it to fit your trading style!
Candle Scale ComparisonCompares the scale of bullish and bearish candles and shows which side is currently dominant. Works in any symbol.
1. Input Parameters:
- LookbackPeriod: Allows you to set how many bars to look back for calculating averages (default: 20)
- showLabels: Toggle to show/hide dominance labels on the chart
2. Calculations:
- Calculates the scale of bullish candles (close - open)
Calculates the scale of bearish candles (open - close)
- Computes moving averages for both scales using the specified lookback period
- Determines which type of candles are dominating based on the averages
3. Visual Elements:
- Plots two lines showing the average scales:
- Green line for bullish candle scales
- Red line for bearish candle scales
- Adds a background color that changes based on dominance:
- Light green when bullish candles dominate
- Light red when bearish candles dominate
- Shows labels above the chart indicating current dominance
- Displays a table in the top-right corner showing:
- The current scale ratio (bullish/bearish)
- The current dominance status
4. Features:
- The indicator is plotted in a separate pane below the main chart
- Uses color coding for easy visual interpretation
- Provides both visual and numerical representation of the dominance
- Updates in real-time as new candles form
TriplePower55%🔴 Bearish Candle (Losing Candle)
🔹 Definition:
A candle that closes below the opening price.
Important condition: the body of the candle must be ≥ 55% of the entire candle's range.
It is automatically colored red on the platform.
🔹 Significance:
Used to identify resistance levels or initiate the Triple Power analysis.
The last valid bearish candle (with a body and that broke a bullish candle) is selected to draw Fibonacci levels.
🔹 How it's handled:
When the price closes above the high of the bearish candle, an upward wave begins.
The indicator draws a blue line at its high and a red line at its low, with the timeframe labeled (e.g., TF: M).
🟢 Bullish Candle (Winning Candle)
🔹 Definition:
A candle that closes above the opening price.
Its body must be ≥ 55% of the total candle's range.
It is automatically colored green on the platform.
🔹 Significance:
Used to identify support levels, or as a reference in extensions or pauses.
The last closed bullish candle is used to draw extension targets if there’s no valid bearish candle.
🔹 How it's handled:
If the price closes below the low of the monthly bullish candle, it signals the start of a strong downward trend.
If the low is not broken, the movement is considered a temporary pause.
The stop level is placed at the low of the last closed bullish candle.
Shaved Candle IdentifierThis script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle.
Shaved candles represent major liquidity zones, and tend to get swept in the future.
Shaved candles are useful for spotting reversals and as price targets.
Green is when open = low
Red is when open = high
Blue is when close = high
Orange is when close = low
There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.
RedK VADER - Volume-Accelerated Directional Energy RatioRedK VADER - Volume-Accelerated Directional Energy Ratio
Overview
RedK VADER is an indicator that analyzes market trends by calculating the energy ratio based on price movement and volume. It utilizes Zero Lag EMA smoothing to provide faster and more responsive signals.
Features
✅ Considers both price action and volume: Calculates the energy ratio of upward and downward movements to assess market strength.
✅ Zero Lag Smoothing: Uses EMA-based smoothing to minimize lag and improve responsiveness.
✅ Histogram Display: Helps visualize trend strength and potential reversals.
✅ Simple yet effective: Uses short-term and long-term energy differences to generate intuitive trade signals.
How to Use
📌 Blue Line (RedK VADER): Indicates trend direction and strength.
📌 Orange Line (Signal Line): A smoothed version of VADER; crossovers provide trade signals.
📌 Histogram (Green Bars): Represents the difference between VADER and the signal line. When crossing the zero line, it may indicate a trend reversal.
Trade Signals
🔵 Buy Signal: When RedK VADER crosses above the signal line.
🔴 Sell Signal: When RedK VADER crosses below the signal line.
⚡ Trend Strength: The larger the histogram bars, the stronger the trend.
Use this indicator to gain deeper market insights and enhance your trading decisions! 🚀
Sentiment OscillatorIn the complex world of trading, understanding market sentiment can be like reading the emotional pulse of financial markets. Our Sentiment Oscillator is designed to be your personal market mood translator, helping you navigate through the noise of price movements and market fluctuations.
Imagine having a sophisticated tool that goes beyond traditional price charts, diving deep into the underlying dynamics of market behavior. This indicator doesn't just show you numbers – it tells you a story about market sentiment, combining multiple financial signals to give you a comprehensive view of potential market directions.
The Sentiment Oscillator acts like a sophisticated emotional barometer for stocks, cryptocurrencies, or any tradable asset. It analyzes price changes, market volatility, trading volume, and long-term trends to generate a unique sentiment score. This score ranges from highly bullish to deeply bearish, providing traders with an intuitive visual representation of market mood.
Green zones indicate positive market sentiment, suggesting potential buying opportunities. Red zones signal caution, hinting at possible downward trends. The oscillator's gray neutral zone helps you identify periods of market uncertainty, allowing for more calculated trading decisions.
What sets this indicator apart is its ability to blend multiple market factors into a single, easy-to-understand indicator. It's not just about current price – it's about understanding the deeper currents moving beneath the surface of market prices.
Traders can use this oscillator to:
- Identify potential trend reversals
- Understand market sentiment beyond price movement
- Spot periods of market strength or weakness
- Complement other technical analysis tools
Whether you're a day trader, swing trader, or long-term investor, the Sentiment Oscillator provides an additional layer of insight to support your trading strategy. Remember, no indicator is a crystal ball, but this tool can help you make more informed decisions in the dynamic world of trading.
TheStrat: Failed 2'sThis indicator identifies and highlights Failed 2-Up (2U) and Failed 2-Down (2D) patterns in The Strat trading framework. These patterns signal a potential reversal when a 2-Up (higher high) or 2-Down (lower low) candle fails to follow through and reverses, offering high-probability trade setups.
