Hi Traders, I've developed an indicator which can detect fake-breaks on the chart. In the following you'll find the definition of the fake break candles and also you will find how to recognize it on the chart with practical examples. What is the fake break pattern? Sometimes support and resistance lines broke with a full body and strong candles that gives us...
PopGun Bar Pattern Strategy PG Trading The indicator does the following: It detects the Outside Bar, the smaller inside Bar and the 3rd Pop Gun that is bigger, than the inside Bar. When the Pop Gun was detected, the indicator will calculate 3 targets for long and short trades. In our understanding, a Pop Gun is neutral. The next candles after the Pop Gun will...
Modified version of HPotter's "Doji and Near Doji automatic finding script". Candles are classified based on not just the size of the body but also the distance from the close to the high/low. This avoids classifying a reversal candle with a long wick but a strong close as a doji.
The crypto market is reacting very quickly based on BTC price, thus monitoring the BTC price is very helpful. This script will color the candles based on the BTC price trend. Set the timeframe and down/up percentage to monitor the BTC price trend, and the script should not repaint. The indicator will monitor the BTC price in a high frame, for example, for 4 hours,...
Better Heiken-Ashi Candles w/ Expanded Source Types is an indicator to compare regular candles to traditional Heiken-Ashi candles to "better" Heiken Ashi candles. This indicator and comparison study appears an oscillator. The purpose of this indicator is to demonstrate a better way to calculate HA candles and also to demonstrate expanded source types. This...
Calculates the strength of closing within the bar. Higher the closing within the high/low points of the bar, greater is the buying strength and vice versa. HMA of the score for the input period is then divided by standard deviation for smoothing. Works well for higher timeframes with a larger data set. Compliments other indicators. Input period should be changed...
This swing indicator is created to mark swing high and low followed by the condition of Bravo Trade Academy. Conditions for being a Swing High - The high price of swing high bar has to be higher than the high price of 2 bars before and 1 bar after Conditions for being a Swing Low - The low price of swing low bar has to be lower than the low price of 2 bars...
This indicator displays column heatmaps highlighting candle bodies with the highest associated volume from a lower user selected timeframe. Settings LTF Timeframe: Lower timeframe used to retrieve the closing/opening price and volume data. Must be lower than the current chart timeframe. Other settings control the style of the displayed graphical...
Indicator showing volume impulse & engulfing candlestick pattern. You can set up multiple parameter for both events. Volume Impulse : Volume Period : Lenght of the average volume calculated. Volume Multiplier : Factor to compare actual volume with average volume. Engulfing Pattern : VS avg body : Let you chose to compare body candle to...
This indicator marks big candles (major moves in percentage) on the chart and, more importantly, you will be able to add an alert to them. Indicator checks if the height (high - low) of last closed candle is bigger than the specified percent of the close of its previous. No matter if the last candle is red or green, the indicator compares the move amount with...
Todays scripts is based on my Pullback And Rally Candles with other meaningful candles such as Hammers and Dojis. You can choose which Candles to show on the cart and if you want to candles to appear above or below a moving average. If you follow my work, you may recognise some of these candles which I'm about to show you however these candles are 1) more...
Inside bars occur when the range of a candlestick falls entirely within the previous candlestick's range. This indicates volatility contraction which often leads to volatility expansion, i.e. large price movements. This indicator includes options such as: - The number of consecutive inside bars required to trigger the indicator - Signal lines to indicate the high...
Hello all .. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
Consecutive positive/negative candles Shows the consecutive negative or positive candles
This script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone. This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw. This script is most beneficial for TradeLegend...
This inverted hammer indicator has several options that help identify instances with a higher probability of success. For example, inverted hammers may have a higher success rate when they: - Breaks the previous day's high - Close higher than the previous close - Have a large upper wick - Have a small lower wick etc. Play with the options on your chart of choice...
This draws a label to alert user when a higher timeframe candle closes on a intraday chart. Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
Supply and Demand - Order Block - Energy Candles Description An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their...