Hello I've decided that the alligator lines can be used to find a trend. This script expands on that and checks 10 different multipliers to see trend over the long term and have 10 values. Those 10 values each give a color to one of the 10 lines in turn giving this Fire like plotting. I personaly use this to see if there is fear (red) in the markets or greed...
█ OVERVIEW If you follow my work closely, you know my obsession with OrderBlocks and Retracements. We will reuse the same logic, but using candle engulfments and candle engulfment reversals. It is the latter that we will interpret as OrderBlocks, and candle engulfments as buy or sell signals.Instead of using the price and the average of the candles, here we...
This is a combination of the Mini-Day Separator Indicator, timings based off the research by Tom Henstridge/@LiquiditySniper and additional Index KZ delineations, based on ICT's 2022 Youtube Mentorship. *It borrows some minor code from Enricoamato997 . Credit where it is due! This is a joint effort by myself, @vbwilkes / Offseason Vince and @Tom_FOREX /...
This script highlights modified version of evening and morning star candlestick patterns. Volume has also been added in the script to create convergence of volume with price action. It is recommended to use these patterns for positional trading. It is advised to use Morning star at the bottom of the downtrend Evening star at the top of the uptrend Avoid...
As we know, buyers and sellers take part in the market auction. A failed auction is where price could not tick above or below a specific price. This means that there were no buyers willing to buy or sellers willing to sell beyond that price. Price then moves away in the other direction. The failed auction acts as a magnet and becomes a target to revisit sooner...
OVERVIEW The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature. ...
This is my spin on the Chop Zone indicator. It was forked from the built-in TradingView Chop Zone indicator. There were several reasons for this effort... The built-in indicator version had no real configuration options It was hard-coded to use the 34-period EMA with fixed span sizes for identifying price range There was no real context to the meaning of...
USE: - For visually tracking your trades in a floating pane (label). - Most of the features are described in the image. MAIN FEATURES: - Better long-position and short-position tool wannabe. - Visual data for tracking your trade position. - Automatic setting of some common values in trades risk management. - Switching from long-position to short-position can be...
AMEX:SPY The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the...
This indicator scan up to 40 tickers of your choice for bullish and bearish Randy Jackson setups. Randy Jackson setups are 2u-2u-2d-2u for bullish cases and 2d-2d-2u-2d for bearish cases. If a ticker has a possible RJ setup, the ticker name will be display on the table depending if it is bullish or bearish. The only thing you need to do it change one of the...
Simplified candlesticks tracks sticks for their body and wick - For Long bars sticks ( LS ) tracks and marks them on down trend as continuation and reversal if moves appositive direction. - For largest wicks on ends marks as regular Doji - For large wicks and medium body marks as possible consolidation - For only bottom bigger wick as bears weakness if trend...
Indicator is designed to paint a doji, the size of which can be adjusted in settings. Provided there is a valid doji, the following candle is a 'FU candle' or an 'Institution' candle. This candle wicks above/below the doji and takes liquidity from above or below. Colours can be changed Red = Doji candle Yellow = FU candle Example shown on the 1hr chart, red...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
Introduction I have been tracking the technical indicator for a long time. In my experience, I have tried various combinations of the existing indicators in the chart but have not been able to get satisfactory results. The trend analysis method needs a lot of focus and time. Therefore, rather than speculating the future trend, I focused on building a code which...
This indicator is an all-in-one " The Strat " script. This script displays the following: The Strat candle numbers (1's, 2's, & 3's) The Strat Combo labels along with trigger line Pivot Machine Gun ( PMG ) dynamic labels Hammer & Shooter candle labels The Strat Candle Numbers label each candle, on any timeframe, either a 1, 2, or 3. 1's are inside...
Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify. This Indicator uses 4 major factors for finding the potential reversal points: RSI Crossover or crossunder Relative volume Overall volume against the moving average volume Relative closing of the candles ...
Hi everyone, I'm sharing a simple script I made for a friend. He was looking for a way to add another asset to his chart, and monitor relevant movements \ spot eventual correlation, especially when trading Cryptocurrencies. We couldn't find a similar script already available so here it is - the code is commented and I hope it's clear enough :) Notes: - The...
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...