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MTFT Patterns Noob, TheStrat Suite (1of5)Multi Time Frame Tools Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier. All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized. Longer TF analysis. Yearly - Black Semi-Annual - Yellow Quarterly - White Monthly - Maroon Weekly - Royal Blue Daily - Lime Shorter TF analysis. 4 hour - Fuchsia 1 hour - Orange 30 min - Red 15 min - Brown 10 min - Purple 5 min - Lilac All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu. Recommended Chart Color Layout I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors. -> Click on the settings wheel on your chart. -> Click on “Appearance”. Background - Solid -> On the top row pick the 6th color from the left. Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left. You may of course change these and the indicator line colors as you like. Adding indicator to Chart -> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart. MTFT TheStrat Suite (5 Scripts) Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master. *1. MTFT Patterns Pro/Noob 2. MTFT Full Time Frame Continuity Table 3. MTFT Last HML wOpen 4. MTFT Actionable Signal Targets 5. MTFT Reversal Lines MTFT Patterns Pro/Noob, TheStrat Suite (1of5) Features includes: 1.) Absolute Truth #. This setting will provide the candlesticks absolute truth # below the CS. 2.) Color bars based on Absolute Truth. This setting will color all inside candlesticks yellow, all Green Outside Candlesticks White and all Red Outside Candlesticks Fuchsia. Scenario 2 candlesticks are left as is and will color based on the color of the original candlestick. This setting is default enabled and needs to be disabled in the “Style” tab under the indicator settings wheel. I found this more practical in getting used to the 3 absolute truth scenarios. 3.) Reversals. This setting will mark when reversal patterns as discussed by Rob are posted. Noob version will also include the description of the reversal pattern, while the Pro version will only plot an ‘R’ without the text description. Note: There should never be back-to-back green Rs or red Rs. I found this issue a lot on many of the other ‘TheStrat’ scripts out there. TradingView development team note: The plotchar function does not allow dynamic text so this is the only reason on why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern. 4. Continuations. This setting will mark when continuation patterns as discussed by Rob are posted. Noob version will also include the description of the continuation pattern, while the Pro version will only plot a ‘C’ without the text description. TradingView Admin note: The plotchar function does not allow dynamic text so this is the only reason why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern. 5. Actionable Signals and Complex Actionable Signals (CAS). This has several objective parameters as defined by Rob’s course. ‘Complex Actionable Signals’ is a name I used when speaking of actionable signals that require a combination of 2 or more candlesticks. Actionable Signals. • All inside candlesticks(Absolute Truth #1) • Hammers • Shooting Stars Complex Actionable Signals. • (Absolute Truth Combo 1-3-1 )Inside Outside Inside • Outside -> Hammer • Outside -> Shooting Star • Inside -> Hammer • Inside -> Shooting Star • Momentum Inside • Momentum Hammer • Momentum Shooting Star • Hammer -> Shooting Star • Shooting Star -> Hammer 5a. Example CAS 1-3G-1. I am including only one example of several of the CAS that are included in this script. The star is utilized for all CAS, the color and location designate the direction that the CAS would have you act on. Note the “Entry” and “Target” line were added manually and are not part of the script. This is one successful setup; don’t get excited thinking this is how it always works. I will let you discover and learn for yourself that there is many failed setups and many setups that never trigger the actionable signal. This is where setting alerts is very handy. 6. Alerts. Press on the “Create Alert” Icon for TradingView. When the prompt opens select the preferred script either “TheStrat Pro” or “TheStrat Noob” under “Condition” and then under the sub-menu select any of the following scenarios. • C ▲/ ▼ = If the active CS shows a continuation up/down pattern, remember this CS is active and can still change direction and trigger a reversal in the other direction. • R ▲/▼ = If the active CS shows a reversal up/down pattern, remember this CS is active and can still change direction and trigger a continuation in the previous trend direction. • HM Trigger(Last High Cross) = Alert when the active CS breaks the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS high. • SS Trigger(Last Low Cross) = Alert when the active CS breaks the low of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS low. • Inside Trigger (Last High/Low Cross) = Alert when the active CS breaks the low or the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through either the previous CS low or the high. • Last CS Inside • Last CS H • Last CS S • Last CS Actionable Signal (inside, H or S) • Last CS Complex Actionable Signal • Last CS Any Actionable Signal
Pine Script™ indicator
by Multi_TF_Tools
3
MTFT Patterns Pro, TheStrat Suite (1of5)Multi Time Frame Tools Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier. All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized. Longer TF analysis. Yearly - Black Semi-Annual - Yellow Quarterly - White Monthly - Maroon Weekly - Royal Blue Daily - Lime Shorter TF analysis. 4 hour - Fuchsia 1 hour - Orange 30 min - Red 15 min - Brown 10 min - Purple 5 min - Lilac All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu. Recommended Chart Color Layout I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors. -> Click on the settings wheel on your chart. -> Click on “Appearance”. Background - Solid -> On the top row pick the 6th color from the left. Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left. You may of course change these and the indicator line colors as you like. Adding indicator to Chart -> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart. MTFT TheStrat Suite (5 Scripts) Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master. *1. MTFT Patterns Pro/Noob 2. MTFT Full Time Frame Continuity Table 3. MTFT Last HML wOpen 4. MTFT Actionable Signal Targets 5. MTFT Reversal Lines MTFT Patterns Pro/Noob, TheStrat Suite (1of5) Features includes: 1.) Absolute Truth #. This setting will provide the candlesticks absolute truth # below the CS. 2.) Color bars based on Absolute Truth. This setting will color all inside candlesticks yellow, all Green Outside Candlesticks White and all Red Outside Candlesticks Fuchsia. Scenario 2 candlesticks are left as is and will color based on the color of the original candlestick. This setting is default enabled and needs to be disabled in the “Style” tab under the indicator settings wheel. I found this more practical in getting used to the 3 absolute truth scenarios. 3.) Reversals. This setting will mark when reversal patterns as discussed by Rob are posted. Noob version will also include the description of the reversal pattern, while the Pro version will only plot an ‘R’ without the text description. Note: There should never be back-to-back green Rs or red Rs. I found this issue a lot on many of the other ‘TheStrat’ scripts out there. TradingView development team note: The plotchar function does not allow dynamic text so this is the only reason on why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern. 4. Continuations. This setting will mark when continuation patterns as discussed by Rob are posted. Noob version will also include the description of the continuation pattern, while the Pro version will only plot a ‘C’ without the text description. TradingView Admin note: The plotchar function does not allow dynamic text so this is the only reason why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern. 5. Actionable Signals and Complex Actionable Signals (CAS). This has several objective parameters as defined by Rob’s course. ‘Complex Actionable Signals’ is a name I used when speaking of actionable signals that require a combination of 2 or more candlesticks. Actionable Signals. • All inside candlesticks(Absolute Truth #1) • Hammers • Shooting Stars Complex Actionable Signals. • (Absolute Truth Combo 1-3-1 )Inside Outside Inside • Outside -> Hammer • Outside -> Shooting Star • Inside -> Hammer • Inside -> Shooting Star • Momentum Inside • Momentum Hammer • Momentum Shooting Star • Hammer -> Shooting Star • Shooting Star -> Hammer 5a. Example CAS 1-3G-1. I am including only one example of several of the CAS that are included in this script. The star is utilized for all CAS, the color and location designate the direction that the CAS would have you act on. Note the “Entry” and “Target” line were added manually and are not part of the script. This is one successful setup; don’t get excited thinking this is how it always works. I will let you discover and learn for yourself that there is many failed setups and many setups that never trigger the actionable signal. This is where setting alerts is very handy. 6. Alerts. Press on the “Create Alert” Icon for TradingView. When the prompt opens select the preferred script either “TheStrat Pro” or “TheStrat Noob” under “Condition” and then under the sub-menu select any of the following scenarios. • C ▲/ ▼ = If the active CS shows a continuation up/down pattern, remember this CS is active and can still change direction and trigger a reversal in the other direction. • R ▲/▼ = If the active CS shows a reversal up/down pattern, remember this CS is active and can still change direction and trigger a continuation in the previous trend direction. • HM Trigger(Last High Cross) = Alert when the active CS breaks the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS high. • SS Trigger(Last Low Cross) = Alert when the active CS breaks the low of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS low. • Inside Trigger (Last High/Low Cross) = Alert when the active CS breaks the low or the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through either the previous CS low or the high. • Last CS Inside • Last CS H • Last CS S • Last CS Actionable Signal (inside, H or S) • Last CS Complex Actionable Signal • Last CS Any Actionable Signal
Pine Script™ indicator
by Multi_TF_Tools
4C Inside/Outside BarThis indicator colors the candle body based on whether it closed as an Inside Bar (IB) or an Outside Bar (OB). Inside and outside bars can be powerful triggers to enter or exit trades from, when price breaks above or below the candle. The coloring of only the body and not the border of the candle makes it possible to still know whether the candle was bullish/bearish. This indicator has the unique ability to add/hide labels for each IB and OB. Small labels are printed on the chart directly below the candle. (See below) It also has the unique ability to paint the chart background when an IB forms directly after an OB. This is a special combination of the two, and can also be a powerful signal. This feature can be turned on/off. (See below) Thanks to Craig Stine, as some parts of this indicator were adapted from Custom Candle color Inside/Outside candles, Highwave, Star Patt. by Craig_Stine
Pine Script™ indicator
by FourC
11
Outside BarThis indicator provides a statistical report on the Outside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. Knowing there are many definitions about the Outside Bar pattern, here we're strictly referring to one bar's extremes beyond one other. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Option for filtering patterns that close outside previous bar; Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Pine Script™ indicator
by sbtnc
Screener Outside BarsBased on the teachings of Rob Smith 1= Inside Candle 2= Goes past the previous candle's price up or down 3= Goes past the previous candle's price on both sides Outside Bar (3) is a bar that has broken the price of both sides of the previous bar. Ability to change the timeframe and the symbols this indicator is scanning through in the input tab under settings of this indicator. Maximum symbols 40. Looking for outside bars within 40 symbols. By default some symbols are entered in the indicator already. They cannot be left empty. If left empty, the script might not work properly. By changing the timeframe, outside bars can be looked under many timeframes like Monthly, Weekly, Dialy, Intraday, etc. First label is for all of the symbols the indicator is scanning. Second label is the result of the scan. Text is bigger than in this label than the first label to differentiate from the first label and for ease of use. Please DM me on how to access this indicator.
Pine Script™ indicator
by SilentJatt
2
UDIO BarsUp-Down-Inside-Outside Bars I prefer to see bars in a simpler fashion that is more logical. An UP BAR is a bar when the market makes a high that is higher AND when the low is higher than the bar before. A DOWN BAR is when the market makes a lower low AND a lower high. The UP or DOWN BAR is not based on the close-to-close movement which is also called NET CHANGE for the bar AND it also disregards the open-close movement as well, which can be misleading more often than not. This allows you to easily see periods of INDECISION when the bars are painted black because if the bar isn't RED or GREEN, it will be painted black. INSIDE bars and OUTSIDE bars are INDECISION days. INSIDE BARS: The market wants to wait for news or has exhausted itself on an INSIDE bar. The market makes neither a higher high or a lower low. Instead, the market trades in a tighter range inside the high and low of the bar before. Hence the name "inside bar". OUTSIDE BARS: The market exhausts one side of the market after a new high or new low, then reverses and stops out anyone outside the range of the bar prior. Essentially, neither side of the market is strong on an OUTSIDE bar. Outside bars can cause sharp losses for trend traders and if you see many of them near each other, the market is preparing itself for a large move one way or the other. UDIO = Up Down Inside Outside and I think it is a tool you all will want to use to make your charts tell a story and alert you to important price levels. After a long trend of green and red bars, you may find that there are many black bars starting to appear and that can be a sign the trend is ending and is ready to reverse.
Pine Script™ indicator
by timwest
15
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend. Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas. Fade (Extreme) Reversal The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark and put their money to work-price has been over-extended and must be pushed back toward a fair area of value so two-sided trade can take place. This setup works because many normal investors, or casual traders, head for the exits once their trade begins to move sharply against them. When this happens, price becomes extremely overbought or oversold, creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and Vice versa. Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward fair value. Engulfing (Outside) Reversal The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value. As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the beginning of a bullish advance. If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35. Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low, and close prices of the bars in question to create a single composite candlestick . Doji Reversal The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling pressure essentially pushes price lower, as responsive sellers take control of the market and push price back toward fair value.
Pine Script™ indicator
by ParCorn
7
Candle PatternsWith the right knowledge on price action and this indicator you would be able to make great trades. This unfortunately only works on 1Day chart as of yet. I will design it different in the near future to suit everyone trading desire. Also I designed it on Forex charts so if you want to try on other charts you are more than welcome to try and see if it works. Doji = Doji for Bull and Bear Rej = Green - Bullish Red - Bearish OC = Green - Outside candle Bullish Red - Outside candle Bearish "IB" = Green - Inside bar Bullish Red - Inside bar Bearish "PB" = Green - Bullish Pin Bar Red - Bearish Pin Bar Let me know if you would like to have this indicator. I will give the first few for free as soon as there are a few people that have this indicator I am going to start selling it! :) I have no coding background at all. . . I would like to have your comments on this indicator. Thanks
Pine Script™ indicator
by NicoTrade001
17