LinReg Heikin Ashi CandlesLinear Regression Heikin Ashi Candles will dramatically change how the candlesticks on your chart will appear. This script creates Heikin Ashi candles from the existing candlesticks and then applies wickless Linear Regression candles as an overlay. The result is an ultra smoothed 'Renko-like' chart that remains time-based and responsive.
Key Features:
Heikin Ashi Base: Provides a smoother representation of price trends by filtering out noise.
Linear Regression Candles on Heikin Ashi: Plots Linear Regression lines as candles on the Heikin Ashi chart, potentially highlighting the immediate trend direction and momentum within the smoothed data. Wicks are intentionally removed for a clearer focus on the linear progression.
Tillson T3 Moving Averages: Includes fast and slow T3 Moving Averages with customizable length and alpha. These smoothed moving averages can help identify trend direction and potential crossover signals. Users can toggle their visibility.
Volatility Bands: Integrates Volatility Bands based on Average True Range (ATR) with customizable length, ATR type (RMA, SMA, EMA, WMA), and inner/outer multipliers. These bands help gauge price volatility and potential reversal zones. Users can toggle the visibility of the basis line.
Customizable Colors: Allows users to customize the colors of the Linear Regression Heikin Ashi bullish and bearish candles.
How to Use:
This is an overlay on your chart so you'll need to 'hide' the existing candlesticks on your chart.
This indicator can be used on any timeframe from seconds to days to quickly identify market trend, gauge volatility, and potentially find entry/exit points. Consider looking for confluence between the candle color/direction, T3 MA crossovers, and price interaction with the Volatility Bands.
Note: This indicator plots Linear Regression directly on Heikin Ashi candles, removing wicks for a focus on the linear trend within the smoothed data. Adjust the input parameters to suit your trading style and the specific market conditions.
HUGE CREDIT to ugurvu who originally created the Linear Regression Candles indicator that my indicator pulls code from.
Analisis Candlestick
Multi-Timeframe EMA Signal - StyledTrend reminder, what is based on the 39 MA. Looking after 14 CLOSED candles. The minute TF is calculated from the 1m chart, the 1H, 4h, 1D is calculated from the 1h TF.
If you go higher on the minute TF you see that the calculation goes bad, so you dont see the minute TF-s trend if you are on the 5m or on the 15M or higher TF. It's ok for my needs i usualy trade on the 1m chart so i see everything.
It's simple.
I was looking for a srcipt like this, and did not find anything.
It's not my work, its Veronika's script from chatGPT based on my needs. :)
Range Breakout Strategy (AM/PM)Range breakout for back-testing on any asset pair for a give time range, for mechanical trading.
No Wick Candle Finder"No Wick Candle Finder", is a visual that identifies and confirms candlestick patterns with no wicks—a rare but significant type of price action. Here's a breakdown of what it does, how it works, and why traders might find it useful:
This script highlights candles with no wicks and adds an extra layer of confirmation before plotting a signal.
📌 What is a No-Wick Candle?
A "no-wick" candle means:
Bullish (green) no-wick candle:
Open = Low
Close = High
Strong buying pressure from start to end of the candle.
Bearish (red) no-wick candle:
Open = High
Close = Low
Strong selling pressure throughout the candle.
These candles indicate a clear directional move with no retracement during the timeframe.
🧠 Trading Use Cases
Trend Continuation Entry: These candles can signal strong momentum continuation.
Breakout Confirmation: Often appear on breakouts—confirming strength.
Scalping or Intraday: Great for short timeframes where clean moves matter most.
Previous Day LevelsThis indicator plots the previous day's high, low, and 50% levels, providing a framework for analyzing price behavior relative to these key levels.
Full Description:
The Previous Day Levels indicator is a tool designed to help traders analyze price action based on key levels from the previous trading session. By plotting the high, low, and mid-point (50%) of the prior day’s range, traders can assess potential market bias and directional tendencies for the current trading day.
Key Features:
Plots the previous day’s high (100%), low (0%), and intermediate levels (25%, 50%, 75%).
Allows users to customize line visibility, color, style, and width.
Helps traders identify potential support and resistance zones.
Provides a bias framework for determining whether price is more likely to target the previous high or low based on behavior around the 50% level.
Use Case:
This indicator is particularly useful for intraday and short-term traders who incorporate price action into their strategy.
If price trades above the 50% level and holds, it suggests a bullish bias, indicating that price may aim for the previous day's high.
If price trades below the 50% level and holds, it suggests a bearish bias, indicating that price may aim for the previous day's low.
The high and low levels can act as key support and resistance zones, where price may react or reverse.
How to Use:
Apply the indicator to your chart.
Observe how price interacts with the 50% level.
Use price behavior around these levels to establish a directional bias.
Adjust the line styles and colors to match your personal preference.
Disclaimer:
This indicator is a tool for market analysis and does not provide financial advice. Always perform your own analysis and risk management when trading.
Big Candle Highlighter (Nifty 1m)This indicator will help option buyers to avoid taking trade in impulsive candles.
For Example :
Normal 1m candle: ~10–15 pts
Big candle (possible liquidity/impulse): >18 pts
Very large / avoid chasing: >25 pts
If you see a candle that breaks structure with a 25-30 point range and closes strong, it’s often:
A liquidity sweep
A news spike
Or the start of an impulsive leg — in which case entering at close can be risky without a retest
Consecutive Small CandlesThis script identifies relatively "small" candles based on their being smaller than a maximum size you set based on the instrument and your own criteria. Default is 5, as I use this indicator largely on CL which rarely has candles smaller than 3 ticks but frequently greater than 5.
It identifies 2 or more consecutive candles to help identify patterns similar to Bob Volman's Double Doji Break methodolgy. Written by Grok 3.
Candlestick Pattern Indicator – Doji, Harami, More [algo_aakash]This Candlestick Pattern Indicator is designed to help traders identify key price action patterns like Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Morning Star, Evening Star, and many more directly on your TradingView chart. With customizable options to display both bullish and bearish patterns , this indicator provides real-time visual markers and labels, helping you make informed trading decisions.
Key features of the indicator include:
Detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Tweezer Tops, and more.
Customizable settings for displaying pattern shapes, labels, and opacity, tailored to your trading preferences.
Option to plot signals only after a candle closes, ensuring accuracy.
Alerts for immediate notification of detected patterns.
Visual markers on the chart, including arrows and labels, for quick recognition of potential trade setups.
This indicator is ideal for traders who rely on candlestick patterns for technical analysis and want an automated tool to highlight these setups for easier decision-making.
Whether you're a beginner or an experienced trader, this tool will help you spot important patterns in real-time without cluttering your chart.
Candle Trend PowerThe Candle Trend Power is a custom technical indicator designed for advanced trend analysis and entry signal generation. It combines multiple smoothing methods, candle transformations, and volatility bands to visually and analytically enhance your trading decisions.
🔧 Main Features:
📉 Custom Candle Types
It transforms standard OHLC candles into one of several advanced types:
Normal Candles, Heikin-Ashi, Linear Regression, Rational Quadratic (via kernel filtering), McGinley Dynamic Candles
These transformations help traders better see trend continuations and reversals by smoothing out market noise.
🧮 Smoothing Method for Candle Data
Each OHLC value can be optionally smoothed using:
EMA, SMA, SMMA (RMA), WMA, VWMA, HMA, Mode (Statistical mode) Or no smoothing at all.
This flexibility is useful for customizing to different market conditions.
📊 Volatility Bands
Volatility-based upper and lower bands are calculated using:
Band = price ± (price% + ATR * multiplier)
They help identify overbought/oversold zones and potential reversal points.
📍 Candle Color Logic
Each candle is colored:
Cyan (#00ffff) if it's bullish and stronger than the previous candle
Red (#fd0000) if it's bearish and weaker
Alternating bar index coloring improves visual clarity.
📈 Trend Momentum Labels
The script includes a trend strength estimation using a smoothed RSI:
If the candle is bullish, it shows a BUY label with the overbought offset.
If bearish, it shows a SELL label with the oversold offset.
These labels are dynamic and placed next to the bar.
📍 Signal Markers
It also plots triangles when the price crosses the volatility bands:
Triangle up for potential long
Triangle down for potential short
✅ Use Case Summary
This script is mainly used for:
Visual trend confirmation with enhanced candles
Volatility-based entry signals
RSI-based trend momentum suggestions
Integrating different smoothing & transformation methods to fine-tune your strategy
It’s a flexible tool for both manual traders and automated system developers who want clear, adaptive signals across different market conditions.
💡 What's Different
🔄 Candle Type Transformations
⚙️ Custom Candle Smoothing
📉 Candle's Multi-level Volatility Bands
🔺 Dynamic Entry Signals (Buy/Sell Labels)
❗Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz"FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz " is a powerful TradingView indicator designed to enhance your trading strategy by identifying key market structures and levels. This all-in-one tool detects Fair Value Gaps (FVGs), Swing Highs/Lows, and previous Day, Previous Week, and Previous Month Highs/Lows, helping traders make informed decisions with ease.
Key Features:
Bullish & Bearish FVG Detection: Highlights Fair Value Gaps with customizable colors, labels, and extension options.
Swing Highs & Lows: Automatically detects and marks Swing Highs and Lows with adjustable display settings and extensions.
Next Target Levels: Identifies potential price targets based on market direction (rising or falling).
Daily, Weekly, and Monthly High/Low Levels: Displays previous day, week, and month highs/lows with customizable colors.
Customizable Settings: Fully adjustable inputs for colors, number of levels to display, and extension periods.
Clean Visuals: Intuitive and non-intrusive design with dashed lines, labels, and tooltips for better chart readability.
This indicator is ideal for traders looking to identify key price levels, improve market structure analysis, and enhance their trading strategies.
Happy Trading,
Trader Riaz
Failed Breakout DetectionThis indicator is a reverse-engineered copy of the FBD Detection indicator published by xfuturesgod. The original indicator aimed at detecting "Failed Breakdowns". This version tracks the opposite signals, "Failed Breakouts". It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
The original description, with terminology reversed to explain this version:
'Failed Breakouts' are a popular set up for short entries.
In short, the set up requires:
1) A significant high is made ('initial high')
2) Initial high is undercut with a new high
3) Price action then 'reclaims' the initial high by moving +8-10 points from the initial high
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot highs to detect 'significant' initial highs
2) Uses amplitude threshold to detect a new high above the initial high; used /u/ben_zen script for this
3) Looks for a valid reclaim - a red candle that occurs within 10 bars of the new high
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial high value (pivot high) is stored in array that prevents duplicate signals from being generated.
6) FBO Signal is plotted on the chart with "X"
7) Pivot high detection is plotted on the chart with "P" and a label
8) New highs are plotted on the chart with a red triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot highs
- New high detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a high, and the # of bars limit over which this must occur.
Alerts:
- Alerts are available for detection of new highs and detection of failed breakouts
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new highs to the most recent pivot high, does not look at anything prior to that
- Best used as a discretionary signal
Consecutive CandlesSummary
This indicator helps visualize short-term momentum by automatically drawing boxes around sequences of consecutive same-colored candles (bullish or bearish). It's designed to quickly highlight periods of sustained buying or selling pressure directly on your chart.
How it Works
Consecutive Candle Detection: The script monitors the chart bar by bar, tracking consecutive candles where close > open (bullish) or close < open (bearish).
Box Drawing: When a sequence of same-colored candles reaches a user-defined minimum length (default is 3) and this sequence is then broken by an opposite-colored candle or a doji, a box is drawn.
Box Boundaries:
The top of the box is set to the highest high price reached during the sequence.
The bottom of the box is set to the lowest low price reached during the sequence.
The left edge of the box aligns with the start time of the first candle in the sequence.
The right edge of the box aligns with the end time of the last candle in the sequence.
Stability: Uses xloc = xloc.bar_time to ensure boxes remain accurately anchored to the price bars when zooming or panning the chart.
Real-time Extension: For active sequences meeting the minimum length on the latest developing bar, the box is optionally extended to the right.
Features
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bullish candles.
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bearish candles.
Extends box in real-time for active qualifying sequences.
Customizable minimum candle count (>= 2).
Customizable colors for bullish/bearish boxes and borders.
Settings
You can customize the indicator via the Settings menu (gear icon):
Minimum Consecutive Candles: Define how many candles in a row are needed to draw a box (Default: 3).
Bullish Box Color: Set the fill color for boxes around bullish sequences.
Bearish Box Color: Set the fill color for boxes around bearish sequences.
Box Border Color: Set the color for the border of all boxes.
Potential Use Cases
Momentum Identification: Quickly spot periods of strong, uninterrupted buying or selling.
Exhaustion/Reversal Signals: Very long sequences might indicate potential exhaustion, setting up reversal opportunities.
Consolidation Breakouts: A box forming after a period of tight consolidation can highlight the range just before a potential breakout.
Confirmation: Use the boxes as confirmation for entries or exits based on momentum shifts.
Disclaimer: This indicator provides visual aids based on price action. It should not be used as a standalone trading system. Always use indicators in conjunction with your own analysis and risk management rules.
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.
Session Start & Day BackgroundThis indicator visually enhances your TradingView charts by highlighting the start of each new trading day and coloring the background based on the day of the week.
The first candle of each new trading day is marked in gray for better session separation.
The background color changes based on the current day of the week, making it easier to recognize market patterns and trends at a glance.
Works across all markets including Forex, Stocks, and Crypto.
Designed to improve chart readability and market structure visualization.
Ideal for traders who want a clearer overview of daily sessions and better differentiation between trading days! 🚀
Ichimoku BoxIntroducing Ichimoku Box Indicator:
Key Features:
Customizable Box Periods: Adjustable box periods with default settings of 9, 26, and 52.
Shifted Span A and Span B Points: Easily adjustable shifts and colors.
Additional Box Option: Capability to add an extra box for more detailed analysis.
High and Low Markers: Identifies the highest and lowest candle within each box with distinct markers.
Candle Countdown Timer: Displays the remaining candles before a box loses its high or low.
Drag-and-Drop Functionality: Move boxes to any position on the chart with a vertical line.
Automatic Box Drawing: When the indicator is first applied, a vertical line appears on the mouse cursor, and clicking on any point automatically draws the boxes.
How It Works:
The indicator allows users to visualize Ichimoku periods as boxes, highlighting key price levels and shifts in market structure. It simplifies the analysis process by providing visual cues and customizable settings for enhanced flexibility.
Clean OHLC Lines | BaksPlots clean, non-repainting OHLC lines from higher timeframes onto your chart. Ideal for tracking key price levels (open, high, low, close) with precision and minimal clutter.
Core Functionality
Clean OHLC Lines = Historical Levels + Non-Repainting Logic
• Uses lookahead=on to anchor historical lines, ensuring no repainting.
• Displays OHLC lines for customizable timeframes (15min to Monthly).
• Optional candlestick boxes for visual context.
Key Features
• Multi-Timeframe OHLC:
Plot lines from 15min, 30min, 1H, 4H, Daily, Weekly, or Monthly timeframes.
• Non-Repainting Logic:
Historical lines remain static and never recalculate.
• Customizable Styles:
Adjust colors, line widths (1px-4px), and transparency for high/low/open/close lines.
• Candle Display:
Toggle candlestick boxes with bull/bear colors and adjustable borders.
• Past Lines Limit:
Control how many historical lines are displayed (1-500 bars).
User Inputs
• Timeframe:
Select the OHLC timeframe (e.g., "D" for daily).
• # Past Lines:
Limit historical lines to avoid overcrowding (default: 10).
• H/L Mode:
Draw high/low lines from the current or previous period.
• O/C Mode:
Anchor open/close lines to today’s open or yesterday’s close.
• Line Styles:
Customize colors, transparency, and styles (solid/dotted/dashed).
• Candle Display:
Toggle boxes/wicks and adjust bull/bear colors.
Important Notes
⚠️ Alignment:
• Monthly/weekly timeframes use fixed approximations (30d/7d).
• For accuracy, ensure your chart’s timeframe ≤ the selected OHLC timeframe (e.g., use 1H chart for daily lines).
⚠️ Performance:
• Reduce # Past Lines on low-end devices for smoother performance.
Risk Disclaimer
Trading involves risk. OHLC lines reflect historical price levels and do not predict future behavior. Use with other tools and risk management.
Open-Source Notice
This script is open-source under the Mozilla Public License 2.0. Modify or improve it freely, but republishing must follow TradingView’s House Rules.
📈 Happy trading!
Diamond PatternDiamond Pattern Indicator
This indicator is designed to detect the Diamond Pattern, a technical formation that often signals potential trend reversals. The diamond pattern can lead to strong price movements, making it a valuable tool for traders.
Features:
✅ Automatic Detection – Identifies diamond patterns on the chart.
✅ Trend Reversal Signals – Highlights potential price direction changes.
✅ Multi-Timeframe Compatibility – Works across all timeframes.
✅ User-Friendly – Simple to use with no complex settings required.
How to Use:
1. Add the indicator to your chart.
2. Monitor for the formation of a Diamond Pattern.
3. Use the breakout direction to guide your trading decisions.
Doji DetectorThis script is designed to detect Doji candlesticks, which are characterized by a small body compared to the overall candle range. The script identifies a Doji when:
✔ The body size is smaller than 10% of the total candle range, OR
✔ The body size is less than 3 pips.
How It Works:
The script calculates the body size of each candle (absolute difference between the open and close price).
It then compares the body size with the total candle range (high - low).
If the body size is smaller than 10% of the candle range or less than 3 pips, the script marks it as a Doji.
How to Use It:
Apply the script to your TradingView chart.
It will highlight Doji candles automatically.
Suitable for traders using price action analysis to identify potential market reversals or indecision zones.
🚀 Best suited for: Forex, Stocks, and Crypto markets.
🔔 Optional: You can modify the conditions to fit your trading strategy.
Sweep Engulf CHoCH📖 Indicator Overview
The Sweep Engulf CHoCH indicator is designed to detect the Sweep + Engulf + CHoCH (Change of Character) pattern on price charts. This indicator helps traders identify bullish and bearish entry opportunities based on the last three candles forming this pattern.
📊 How the Indicator Works
The indicator analyzes specific conditions in the last three candles:
🔹 Bullish Entry (Buy Signal)
✔️ Candle 1 must be bearish (close < open )
✔️ Candle 2 must sweep the low of candle 1 (low < low )
✔️ Candle 2 must also engulf candle 1 (close > close )
✔️ Candle 3 must break structure (CHoCH) by closing above the open of candle 1 (close > open )
🔻 Bearish Entry (Sell Signal)
✔️ Candle 1 must be bullish (close > open )
✔️ Candle 2 must sweep the high of candle 1 (high > high )
✔️ Candle 2 must also engulf candle 1 (close < open )
✔️ Candle 3 must break structure (CHoCH) by closing below the open of candle 1 (close < open )
Sweep Engulf 2 Candle🔍 Overview:
This script identifies Bullish Engulfing and Bearish Engulfing candlestick patterns on the chart. These formations are widely used in technical analysis to spot potential reversals in price action. The indicator helps traders quickly identify these patterns by marking them directly on the chart with small arrows.
📌 Features:
✅ Bullish Engulfing & Bearish Engulfing Detection
✅ Customizable Display Options (Enable/Disable Bullish or Bearish signals)
✅ Real-Time Alerts (Receive notifications when a pattern is formed)
✅ Optimized Marker Size (Smaller icons for better chart visibility)
📊 How It Works:
1. Bullish Engulfing Condition:
The second candle's low is lower than the first candle's low.
The second candle's close is higher than the first candle's open (if the first candle is bearish) OR higher than the first candle's close (if the first candle is bullish).
2. Bearish Engulfing Condition:
The second candle's high is higher than the first candle's high.
The second candle's close is lower than the first candle's close (if the first candle is bearish) OR lower than the first candle's open (if the first candle is bullish).
⚙️ How to Use:
Add the script to your TradingView chart.
Adjust settings to enable/disable Bullish or Bearish Engulfing patterns.
Enable alerts to receive real-time notifications when a pattern is detected.
Use this indicator to support your technical analysis and trade decisions.
📌 Notes:
This indicator is best used in combination with other technical analysis tools like support & resistance levels, trendlines, or volume analysis.
It works on all timeframes and asset
Engulfing Candles (ATR-Based)This indicator detects Engulfing Patterns with an ATR-based filtering mechanism and trend confirmation. Unlike a basic engulfing pattern indicator that only checks if a current candle engulfs the previous one, this script incorporates trend detection using either the 50-period SMA alone or a combination of 50 and 200-period SMAs to ensure that signals align with the broader trend. The indicator identifies Bullish Engulfing patterns when a strong bullish candle engulfs a smaller bearish candle in a downtrend and Bearish Engulfing patterns when a strong bearish candle engulfs a smaller bullish candle in an uptrend. It also generates alerts and visually marks these patterns with labels ("BU" for bullish and "BE" for bearish) while highlighting the background accordingly.
What sets this indicator apart from a normal engulfing indicator is its ATR-based filtering system, which ensures that only significant engulfing candles are considered. Instead of accepting any engulfing pattern, the script measures candle body size relative to 1.5x ATR (configurable) to filter out weak signals. It also differentiates between long-bodied and small-bodied candles to confirm that the engulfing pattern represents real momentum shifts. This approach reduces false signals caused by small, insignificant candles and ensures that traders focus on high-probability reversal patterns. By integrating trend-based filtering and ATR-based confirmation, this indicator provides more reliable and context-aware engulfing signals than a standard engulfing pattern detector.
[S1B] Engulfing Orderblock
The Engulfing Orderblock indicator is a custom script designed to visually highlight and track bullish and bearish engulfing patterns on a price chart. These patterns are widely used in technical analysis to identify potential reversal points. The indicator dynamically draws colored boxes around the previous candle involved in the engulfing event, making it easier for traders to spot these setups in the price action.
Key Features:
Bullish Engulfing Pattern:
When a bearish candle (one where the open is higher than the close) is followed by a candle whose close is above the previous candle’s open, the indicator detects a bullish engulfing pattern. A green box is drawn around the previous candle.
• Box Style Options: Users can choose whether the box represents the candle’s body (from open to close) or its wick (from open to low).
Bearish Engulfing Pattern:
When a bullish candle (one where the open is lower than the close) is followed by a candle whose close is below the previous candle’s open, a bearish engulfing pattern is identified. A red box is drawn around the previous candle.
• Box Style Options: The box can be drawn using the candle’s body (from close to open) or its wick (from high to open), according to the user’s preference.
Dynamic Box Management:
Once a box is drawn, the indicator continuously monitors the price. If the price moves beyond the box’s range, the box is either deleted or its color changes to gray, indicating that the pattern’s relevance may be diminishing.
Max Pattern Tracking:
To prevent clutter, the indicator limits the number of displayed engulfing boxes to 500 by default. Older boxes are removed as new patterns are detected.
Customization:
Users can adjust the number of previous bars scanned for engulfing patterns as well as the maximum number of patterns displayed. An option is also provided to select whether the box should reflect the candle’s body or include the wick.
How It Works:
Pattern Detection:
The script compares the current price with the previous candle’s data to detect either a bullish or bearish engulfing pattern.
Box Creation:
When a pattern is detected, a colored box is drawn around the previous candle’s price range (using the user-selected style) to visually highlight the orderblock.
Pattern Expiry and Cleanup:
The indicator monitors each drawn box, deleting or modifying it (changing the color to gray) if the price moves significantly beyond the box’s range.
Remark:
The original concept for this indicator is from daisukeburn .
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals.
When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action.
How to Use the Triple Doji Sequence Indicator?
Apply the Indicator:
Add the Triple Doji Sequence indicator to your TradingView chart.
It will automatically scan for Doji patterns based on your settings.
Customize Your Doji Criteria:
Adjust the body size and wick dominance settings to define what qualifies as a Doji.
Choose whether to detect single, double, or triple Doji sequences.
Interpret the Signals:
A star (*) above a candle signals a bearish Doji (upper wick dominant).
A star (*) below a candle signals a bullish Doji (lower wick dominant).
Set Up Alerts:
Enable alerts to receive notifications when a Doji sequence is confirmed at bar close.
Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close).
Use in Trading Strategy:
Doji sequences can indicate trend reversals or market indecision.
Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals.
PS: Good luck in finding a Triple Doji :)
Candle Size Alertت وضیحات برای انتشار ابزار در TradingView
🔹 نام ابزار: Candle Size Alert
🔹 توضیحات:
این اندیکاتور برای شناسایی کندلهای بزرگ طراحی شده است. این ابزار میانگین اندازهی ۱۰ کندل گذشته را محاسبه کرده و اگر کندل فعلی ۳ برابر میانگین کندلهای قبلی باشد، یک لیبل هشدار در بالای کندل نمایش میدهد. همچنین میتوان هشدارهای معاملاتی را از طریق alertcondition() فعال کرد.
🔹 ویژگیها:
✅ امکان تغییر تعداد کندلهای محاسبه شده (پیشفرض: ۱۰)
✅ امکان تنظیم ضریب حساسیت (پیشفرض: ۳ برابر)
✅ نمایش لیبل هشدار در بالای کندلهای بزرگ
✅ پشتیبانی از هشدارهای خودکار (AlertCondition)
⚠️ نکته: این اندیکاتور فقط برای تحلیل استفاده میشود و سیگنال خرید یا فروش ارائه نمیدهد.
🔹 Indicator Name: Candle Size Alert
🔹 Description:
This indicator detects large candles by calculating the average size of the last 10 candles. If the current candle is 3 times larger than the average of the previous candles, a warning label appears above the candle. Additionally, automated alerts can be triggered using alertcondition().
🔹 Features:
✅ Adjustable candle count for calculations (default: 10)
✅ Customizable sensitivity multiplier (default: 3x)
✅ Visual alert label above large candles
✅ Supports automated alerts (AlertCondition)
⚠️ Note: This indicator is for analysis purposes only and does not provide buy/sell signals.
