LepikkokynttiläSimple indicator highlighting Lepikkokynttilä.
You can tweak wick sizes, body size relative to candle size and colors.
Pin Bar
Multi Price Action & Candlestick Patterns - Horizontals R/SNote:
This is a script that synthesizes a number of popular price action and candlestick patterns along with a trading strategy based on horizontal support and resistance. Scripts are used for learning and research purposes.
Useage:
Support and resistance are two important areas in Price Action analysis and trading. After confirming the support and resistance zone line, waiting to confirm the appropriate candlestick pattern and execute the trade, set a reasonable stop loss and take profit, This is critical for compliance with your money management rules.
Notation:
In the script, price action and candlestick pattern are denoted as follows:
- Bullish Engulfing (BU) & Bearish Engulfing (BE)
- Hammer (HM)
- Hanging Man (MM)
- Morning Star (MS)
- Evening Star (ES)
- Tweezer Top (TZT)
- Tweezer Bottom (TZB)
- Shooting Star (SS)
- Bullish Pinbar (PBBBU) & Bearish Pinbar (PBBE)
- Doji Gravestone (GS)
- Doji Dragonfly (DF)
- Doji - Long legged (LL)
- Spinning Top (ST)
Settings:
- Number of left candle to compare lowest/highest: Compare the high/low price of the current candle with the highest/lowest price of previous candles.
- Number of left candle to calc avg body: Compare the average price of the current candle with the average price of previous candles
- S/R Left Bars: The number of bars left hand side of the Pivot
- S/R Right Bars: The number of bars right hand side of the Pivot
- S/R Volume Threshold - The threshold value (%) for the volume oscillator
The code is open and commented - please feel free to use, share, comment & provide feedback.
Good luck!
Feel free to get indicator or strategy trading signals at yummyprofit.
quantized pin bar indicator with ATRAbstract
This script computes the strength of pin bars.
This script uses the corrent and the previous two bars to compute the strength of pin bars.
The strength of pin bars can be also comared with average true range, so we can evaluate those pin bars are strong or weak.
Introduction
Pin bar is a popular price action trading strategy.
It is based on quick price rejection.
Most of existing pin bar scripts only determine if a bar is a pin bar or not.
However, evaluating the strength of pin bars is important.
If price rejection is too weak, it is difficult to trigger trend reversal.
If a pin bar is too strong, we may enter the trade too late and cannot have good profit.
In this script, it provides a method to compute to strength of pin bars.
After the strength of pin bars are quantized, they can compare with average true range, price range and trend strength, which can help us to determine where are worthy for us to open trades.
Computation
Bullish hammer : current low is lower than ( previous high or current open ) and current close.
Bearish gravestone : current high is higher than ( previous low or current open ) and current close.
Bullish engulfing and harami : ( current low or previous low ) is lower than ( previous 2nd high or previous open ) and current close.
Bearish engulfing and harami : ( current high or previous high ) is higher than ( previous 2nd low or previous open ) and current close.
Parameters
Smoothing : the type of computing average.
Length of ATR : determines the number of true ranges for computing average true range.
ATR multiplier line : the threshould that a pin bar is strong enough. For example, if this value is 0.5, it means a pin bar with 0.5*atr or more is considered a strong pin bar.
one direction pinbar : set to 1 if you want the strength of bullish pin bars and bearish pin bars are cancelled. Set to 0 if you want to keep both strength of bullish pin bars and bearish pin bars; in this case, you may need to change the plot style to make both strength visible.
Trading Suggestions
Evaluate the strength of trend against pin bars. After all, a single reverse pin bar may be too weak to reverse the trend.
Timeframe : if atr is higher than 4*spread, the timeframe is high enough. However, if strong pin bars appear too frequent or price range is too small, going to higher fimeframe may be more safe.
Entry and exit : according to personal flavors.
Conclusion
The strength of pin bars can be quantized.
With this indicator, we can find more potential pin bars which human eyes and binary pattern detectors were leaked.
In my opinion, 0.5*atr is the most suitable streng of a pin bar for my trade entry but I still need to consider the direction of the trend.
You are welcome to share your settings and related trading strategy.
References
Most of related knowledge can be searched from the internet.
I cannot say the exact references because they may violate the rules of Tradingview.
Pin Bar IndicatorThe Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The strategy that comes with the Pin Bar pattern is based on price action.
Inputs of the indicator are:
MaxBars: maximum number of bars back to calculate searching for signals
BuySignals (true/false): you can filter signals and decide to show BUY signals or not. Default settings is true (no filter).
SellSignals (true/false): you can filter signals and decide to show SELL signals or not. Default settings is true (no filter).
Alerts:
The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Pin Bar Sell less than zero and Pin Bar Buy greater than zero as settings for the alerts.
Example of BUY alerts settings : BUY example (see documentation in our website)
Example of SELL alerts settings : SELL example (see documentation in our website)
Beware that TradingView (at the time of this publication) limits the number of alerts you can receive according to the plan you subscribed with the platform. If receiving alerts is important for you then you should investigate carefully this aspect before purchasing the indicator.
Trading rules:
For BUY: wait for a bullish Pin Bar to print on a support zone after a down trend. Wait for the price to break high of the Pin Bar (5 pips above the high for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Pin Bar. If order is not triggered in the next candle, then a trade is invalidated and should be canceled.
For SELL: wait for a bearish Pin Bar to print on resistance zone after an up trend. Wait for the price to break the low of the Pin Bar (5 pips below the low for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once low is broken. You also can use a SELL STOP order placed 5 pips below the low of the candle. Stop Loss should be placed above the high of the Pin Bar. If order is not triggered in the next candle then trade is invalidated and should be canceled.
The Pin Bar indicator can be used with any timeframe.
The Pin Bar indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
For more information please visit our website (see signature below). We cannot provide you direct link nor update this indicator description due to TradingView house rules. We encourage you to visit our website for up to date information.
You can also contact me in private using TradingView messaging.
TWA Pinbar Pivots V1.3// TWA Pinbar Pivots V1.3
// TWA Pinbar Pivots looks for the highs and lows of impulsive moves in the market.
// The signals are generated on pinbar candles indicating that the rally may be extended and looking to retrace.
// This gives us an opportunity to enter the market in the opposite direction to the move taking advantage of the pullback.
// The indicator can be used on all time frames.
// Send me a direct message through tradingview to inquire about gaining access to this indicator.
Pin Bar by Ori
Special filtered version of Pin Bar signals
Stop and first/second target drawings
Candle colors for Pin Bars and first targets
Alert conditions for Pin Bars, targets and stops
Red and green plotchars for Pin Bar identification
More to come..
Two Fractals TrendlinesThis study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
TH Pin Bar Identifier This indicator marks both bullish and bearish Pin Bars. It helps you see potential turning points on the chart.
You can set the following on this indicator:
Length of lookback: The number of candles to compare the Pin Bar candle to. For a bearish Pin Bar, is this the highest high over the last X number of candles? For a bullish Pin Bar, is this the lowest low over the last X number of candles? The default is 2.
Percentage of wick: How big should the wick be, compared to the total candlestick body? The default is 66%.
You can change the symbol that's use to mark the Pin Bars.
By using this indicator, you accept full responsibility for any trades taken with this indicator. This indicator does not provide trading advice of any kind.
Pinbar识别器This is a Pinbar Monitor which design for Chinese.
这是一个Pinbar识别器。
本脚本的目的在于帮助使用中文的人了解该指标，特别是其用法。同时将该指标代码添加完整的中文注释，方便使用中文的人学习Pine语言。
Pinbar概念来自于Price Action，基本类似于国内K线分析中的十字星，锤子线。该指标的主要功用在于帮助识别盘面出现的Pinbar，分为牛市Pinbar和熊市Pinbar。
对Pinbar的量化定义
熊市Pinbar
1 前一根K线，必须为阳线；
2 K线实体必须小于前一根K线；
3 下影线高度至少大于0.5倍实体高度；
4 上影线高度至少是2倍实体高度。
牛市Pinbar
1 前一根K线，必须为阴线；
2 K线实体必须小于前一根K线；
3 上影线高度至少大于0.5倍实体高度；
4 下影线高度至少是2倍实体高度。
指标局限性
因为Pinbar出现的概率比较高，所以切勿直接按信号交易，应考虑其他的分析方法，综合考虑再决定是否交易。
DC v0.1Hey traders!
This is a simple script to show some information about the candles on your screen.
Currently it shows:
- Pinbars
- Inside bars
- Bullish engulfing candles
- Bearish engulfing candles
Quick explanation about the settings:
- Wick to candle range ratio (default 0.7): Pinbar wick needs to be at least 70% of the candle range
- Part of wick that stands out to previous candle (default 0.3): Pinbar wick needs to end at least 30% above/below previous candle to stand out to that candle
- Engulfing candle body to range ratio (default 0.7): Engulfing candle needs to have at least 70% body to show strength
Let me know if you have suggestions, improvements or issues!
[astropark] Pinbar that mattersDear Followers,
today a new Price Action Tool , the "Pinbar that matters" , also known as Hammer (bullish case) and Inverted Hammer (bearish case).
Everybody knows the importance of pinbar to highlight
reaction at support or resistance range , as well as at supply and demand zones
market makers' actions
trend switching in short-term and mid-term future
They can be both bullish or bearish , but the real problem is that not all, but only a few pinbar matters ! And this tool will filter them for you.
This indicator works
on every timeframe (eg. 5m, 15m, 30m, 1h, 2h, 4h, 6h, 1D, ...)
on cryptocurrencies (eg. XBTUSD, ETHUSD, ETHBTC, both USDT and BTC markets, ...)
on forex (eg. EURUSD, GPBUSD, JPYUSD, ...)
on stocks (eg. AMZN, FB, TSLA, GOOG, NFLX, ...)
on commodities (eg. GOLD, SILVER, OIL, ...)
This indicator has following options:
edit filter based on fixed or percentage volatility change
edit filter based on candle value size
show a suggestion of possible entries and stoploss
Be sure to edit both fixed and percentage volatility options in order to have a correct filter on your chart and timeframe.
You can enhance your trading by using it together with my "Engulfing that matters" and my "Breaker Blocks (BB) and Supply/Demand Order Blocks (OB)" indicators, so you can easily spot important points where to start a short or a long trade.
Here my Engulfing that matters indicator
Here my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator
Here below some examples on how to use the indicator.
XBTUSD 5m
ETHUSD 15m
BNBBTC 1h
ETHBTC 12h
EURUSD 1h
JPYUSD 4h
AMZN 5m
FB 4h
XAUUSD 15m
Copper Futures 1h
Here below an example of suggested entries and stoploss
This is a premium indicator , so send me a private message in order to get access to this script .
Pin-Bar + VWAP StrategyThis strategy is a modified pin-bar reversals strategy I had implemented before. This one goes long when you have a bullish trend (vwap > ema and px > both) and a pinbar happens at the vwap in bullish direction. opposite for shorts.
Pinbar (30-50 Rule)My first script to identify pin bars with a predefined rules, any feedbacks are welcome.
Rules
Bullish Candle
1. Body of the candle should be above the 50% of the day's price range
AND
2. Either the open or the close should be above the 30% of the day's price range
if both the above conditions are met then a bullish arrow is produced with "B".
Bearish Candle
1. Body of the candle should be below the 50% of the day's price range
AND
2. Either the open or the close should be below the 30% of the day's price range
if both the above conditions are met then a bearish arrow is produced with "S".
Thanks
Hope this indicator helps you identify trading entries.
Pin Bar-Trading RoadMapPin bar- Trading RoadMap
Simple Script to show
Up Pin Bar = Yellow
Down Pin Bar = Black
The Pin Bar Criteria:
- The Shadow ≥ 2 X Body
- Open And Close In The Top 33%
Have a peaceful and profitable trading day 😊
Khaled Maziad
Failure Swing Strategy (stop hunting) V1 (Made on XBT/USD 4h Bitmex)
This strategy is a first attempt to countertrade the false break of a key support/resistance.
If a candle breaks the level, but it comes back before close, it will trigger an order.
The Stop Loss is in %, the Take Profit is near the EMA.
There is a "volatility filter" to block orders when the price is near the EMA and a coefficient to adjust a little the Stop Loss and Take Profit according to the chart condition.
Pin Bar Finder (Strict)The term 'Pin Bar' actually comes from Pinocchio bar, rather than the fact it looks like a pin. If you look from above at that lying motherf*cker Pinocchio's head his nose sticks right out. This finds that kind of price action, so there aren't that many signals but the ones that you see are strong and actionable. In my opinion this is the way signals should work. This indicator also has alerts built in, so add some alerts to your favourite daily chart and you should do well. Enjoy!
These are also know as hammers and hanging man candles. If you're looking for bars that look like pins there are plenty of other indicators already in the library.
Flying Buddha Inside Bars Indicator v1 by JustUncleLDescription:
=============
This indicator plots MAs and paints Triggered Alert Arrows base on Flying Buddha candle patterns.
The “Flying Buddha” Pattern is defined as:
---------------------------------------------
A candlestick chart with two moving averages: the 5 period exponential moving average (fast EMA) and the 10 period simple moving average (slow SMA), both applied to the closing price. The default “Flying Buddha” pattern is any candlestick which:
1. Has a LOW above the fast EMA, when the fast EMA is above the slow SMA (a bearish “Flying Buddha”); or
2. Has a HIGH below the fast EMA, when the fast EMA is below the slow SMA (a bullish “Flying Buddha”).
Alert Trigger:
---------------
A Flying Buddha Alert is triggered on the first candle that is a non-flying Buddha candle after a Flying Buddha Pattern candle sequence. Flying Buddhas can optionally be filtered by InsideBars and PinBars.
The Alert Trigger is optionally filtered by the Directional MA (default=EMA 89), and/or by Minimum Sequence length of Flying Buddhas.
Moving Averages:
------------------
You can select between 11 different types of moving averages, for each MA line in Flying Buddha MAs (fastMA and slowMA) and the Directional Filter MA:
SMA = Simple Moving Average.
EMA = Exponential Moving Average.
WMA = Weighted Moving Average
VWMA = Volume Weighted Moving Average
SMMA = Smoothed Simple Moving Average.
DEMA = Double Exponential Moving Average
TEMA = Triple Exponential Moving Average.
HullMA = Hull Moving Average
SSMA = Ehlers Super Smoother Moving average
ZEMA = Near Zero Lag Exponential Moving Average.
TMA = Triangular (smoothed) Simple Moving Average.
NOTE: This is a concept indicator, I also intend to release a trading BOT suitable for Autoview, based on this concept indicator.
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
PA Patterns Multi CRYPTOThis is the version for cryptocurrencies of my scanner for forex majors
The scope of this script is to work as a scanner of pin bars and engulfing candles of the crypto market.
Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy without trend filter.
Next improvement will be:
- To display in a better way the results, but actually you have to zoom in and out if some results are overlapping.
As the other one, this has alerts and trend filter.
If you like it, please leave a comment and follow me.
Thank you.
