ZigZag+ (Macro + Internal Structure Tool) ZigZag+ is a simple tool that helps traders to clearly identify and differentiate between macro and internal market structure, to help you keep your bearings of where you are currently in the overall picture. It is especially difficult to keep your bearings within the larger structural trend when trading the lower...
++>>This script allows you the inside bar candle and the cnadle is shown in white. The range of the mother candle is identified and tracked until it breaks. Once the first range is over ridden then the next similar pattern will be occured and the tracking will be done for the mother candle latest occurrence. It also has the alert mechanism where you can go and...
This is a very simple indicator who display few information about the LAST daily candle. ( it is possible to change the timeframe to have information about last week or last hour ) The green background zone is the channel between last daily candle close and last daily high. The red background zone is the channel between last daily candle close and last daily...
█ This Indicator shows a wick-off check pattern applied to a moving average. This pattern appears when a candle opens below the moving average and closes above it, or when it opens above a moving average and closes below it. This causes a wick to go through the moving average: a wick-off check moving average. █ Usages: This indicator detects small...
This script utilises the RSI and EMA indicators to enter and close the trade. The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line...
Simplified trading with only High Low candles. It uses CCI for trade selection and filtering. Use it either in normal candle mode or better in Heikin Ashi mode. Recommend using standard Stochastics and CCI 20 indicators to learn usage and behaviors. Trading rules and color legend: Teal (Green): Long Red: Short Grey/Silver: No trade zone, Indecisive candle Yellow:...
All candlestick pattern based on "Japanese candlestick charting techniques". Currently Supported List of Candlestick Patterns : Hammer Hanging Man Inverted Hammer Shooting Star Morning Star Evening Star Bullish Engulfing Bearish Engulfing Important Points: 1. You can create alert for all patterns. 2. You can modify multiplier(Length Of...
This script is the combination of RSI and Engulfing Pattern How it works 1. when RSI > 70 and form the bullish engulfing pattern . it gives sell signal 2. when RSI < 30 and form the bearish engulfing pattern . it gives buy signal settings: basic setting for RSI has been enabled in the script to set the levels accordingly to your trades
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 10th one we are automating is the " 75% Win Rate High Profit Inside Bar...
This script paints bars in different colors based on whether they are trending up or down. It shows you if a candle is bearish or bullish based on the high and low of the previous candle. Bull candles form higher highs (HH) and higher lows (HL) from the previous candle and are painted green. Bear candles form lower highs (LH) and lower lows (LL) from the...
⛳ Engulfing Candles (Bullish and Bearish ) with Trend Recognition | by Octopu$ This Indicator identifies and plots Engulfing Candlestick Patterns. Engulfing Candles are a combination of two bars on a price chart. They are used to indicate/anticipate a market reversal. The second candlestick must be bigger than the first, so it 'engulfs' the previous bar. This...
Buying and selling pressure is a volatility indicator which denotes the balance between buyers and sellers inside candlestick. You set the length to average it just like ATR. But This offers further break down of participants of the market. Pretty much at any condition of the market the indicator can filter out interesting details to make trading decisions...
This indicator finds candlesticks which are confined within the range of a previous candlestick. This indicates volatility contraction which often leads to volatility expansion, i.e. large price movements. While every confined range will contain at least 1 inside bar, this indicator differs from the Inside Bar Finder which only finds consecutive inside...
🔖 Price Line Extended to the Right with Price Label | by Octopu$ This is an Add-On customization tool for your Chart Price Level. Tired of having the TradingView's priceline all across the Chart? And not having the Option to turn it off/extend to right only? Worry you not. Got solutions for any problems you may have! As well as many arms. This Indicator...
This minimalism focused indicator was designed specifically to highlight doji candles (gravestone, long-legged, and dragonfly) that generally signal indecision/neutrality within price structure to improve trading accessibility for the disabled/visually impaired, visual charting cues or pattern visibility, and educational/learning purposes. HOW TO USE...
Fair Value Gaps / Imbalance are created when Price moves away in one direction at speed / impulsively. A gap is created between the first and third candle wick which creates the Imbalance / Fair Value Gap and is sometimes a potential area of where the market could return making the area a good place to look to trade from or to aim for. This Imbalance / Fair...
Regression Candles by ugurvu Regression Channel by Tradingview All Candlestick Patterns By Tradingview This script was combined for a friend of mine who needed this. This Script has regression candles by ugurvu, Regression channel and Candlestick patterns by tradingview. The intention was to fuse these together so more information can be processed on the cost of...
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...