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Candlestick analysis

B-Xtrender By Neal inspired from @PuppytherapyThanks to @puppytherapy for creating the original B-Xtrender indicator, available at this link: B-Xtrender by @QuantTherapy I played around the code to have entry and exit condition. The B-Xtrender @QuantTherapy indicator is a momentum-based tool designed to help traders identify potential trade opportunities by tracking shifts in market momentum. Using a smoothed momentum oscillator, it detects changes in trend direction and provides clear signals for entry and exit points. Features Momentum Detection: Tracks market momentum using the BX-Trender Oscillator. Green bars indicate bullish momentum, while red bars indicate bearish momentum. Lighter shades of green/red reflect weakening momentum. Entry and Exit Signals: Entry Condition: A long trade is triggered when the oscillator changes from red to green . Exit Condition: A long trade exit is triggered when the oscillator changes from green to red . Dynamic PnL Calculation: Automatically calculates profit or loss in percentage (%) when a trade is exited. Positive PnL values are prefixed with `+`, and negative values are shown as `-`. Clear Visualization: Bar chart-style oscillator in a separate pane for better trend visualization. Trade labels on the main price chart for clear entry and exit points. Inputs Short-Term Momentum Parameters: Short - L1: Length of the first EMA for short-term momentum calculations. Short - L2: Length of the second EMA for short-term momentum calculations. Short - L3: RSI smoothing period applied to the short-term momentum. Long-Term Momentum Parameters: Long - L1: Length of the EMA for long-term momentum calculations. Long - L2: RSI smoothing period applied to the long-term momentum. Entry and Exit Logic Entry Condition: A long trade is triggered when: The BX-Trender Oscillator changes from red to green . This shift indicates bullish momentum. Exit Condition: A long trade exit is triggered when: The BX-Trender Oscillator changes from green to red . This shift indicates a loss of bullish momentum or the start of bearish momentum. PnL Calculation: When exiting a trade, the indicator calculates the profit or loss as a percentage of the entry price. Example: A profit is displayed as +5.67% . A loss is displayed as -3.21% . Visualization Oscillator Bars: Green Bars: Represent increasing bullish momentum. Light Green Bars: Represent weakening bullish momentum. Red Bars: Represent increasing bearish momentum. Light Red Bars: Represent weakening bearish momentum. Just make sure that you checked off the B-Xtrend oscillator off from the style so chart can be active Trade Labels: Entry Labels: Displayed below the candle with the text Entry, long . Exit Labels: Displayed above the candle with the text Exit . Bar Chart Pane: The oscillator is displayed in a separate pane for clear trend visualization. Default Style Oscillator Colors: Green for bullish momentum. Red for bearish momentum. Light green and light red for weaker momentum. Trade Labels: Green labels for entries. Red labels for exits, with percentage PnL displayed. Use Cases Momentum-Based Entries: Detects shifts in momentum from bearish to bullish for precise trade entry points. Trend Reversal Detection: Identifies when bullish momentum weakens, signaling an exit opportunity. Visual Simplicity: Offers an intuitive way to track trends with its bar chart-style oscillator and clear trade labels. This indicator doesn't indicate that it will work perfectly. More updates on the way.
Penunjuk Pine Script™
oleh Zeoth3200
Supply and Demand [tambangEA]Supply and Demand Indicator Overview The Supply and Demand indicator on TradingView is a technical tool designed to help traders identify areas of significant buying and selling pressure in the market. By identifying zones where price is likely to react, it helps traders pinpoint key support and resistance levels based on the concepts of supply and demand. This indicator plots zones using four distinct types of market structures: 1. Rally-Base-Rally (RBR) : This structure represents a bullish continuation zone. It occurs when the price rallies (increases), forms a base (consolidates), and then rallies again. The base represents a period where buying interest builds up before the continuation of the upward movement. This zone can act as support, where buyers may step back in if the price revisits the area. 2. Drop-Base-Rally (DBR) : This structure marks a bullish reversal zone. It forms when the price drops, creates a base, and then rallies. The base indicates a potential exhaustion of selling pressure and a build-up of buying interest. When price revisits this zone, it may act as support, signaling a buying opportunity. 3. Rally-Base-Drop (RBD) : This structure signifies a bearish reversal zone. Here, the price rallies, consolidates into a base, and then drops. The base indicates a temporary balance before sellers overpower buyers. If price returns to this zone, it may act as resistance, with selling interest potentially re-emerging. 4. Drop-Base-Drop (DBD) : This structure is a bearish continuation zone. It occurs when the price drops, forms a base, and then continues dropping. This base reflects a pause before further downward movement. The zone may act as resistance, with sellers possibly stepping back in if the price revisits the area. Features of Supply and Demand Indicator Automatic Zone Detection : The indicator automatically identifies and plots RBR, DBR, RBD, and DBD zones on the chart, making it easier to see potential supply and demand areas. Customizable Settings : Users can typically adjust the color and transparency of the zones, time frames for analysis, and zone persistence to suit different trading styles. Visual Alerts : Many versions include alert functionalities, notifying users when price approaches a plotted supply or demand zone. How to Use Supply and Demand in Trading Identify High-Probability Reversal Zones : Look for DBR and RBD zones to identify potential areas where price may reverse direction. Trade Continuations with RBR and DBD Zones : These zones can indicate strong trends, suggesting that price may continue in the same direction. Combine with Other Indicators: Use it alongside trend indicators, volume analysis, or price action strategies to confirm potential trade entries and exits. This indicator is particularly useful for swing and day traders who rely on price reaction zones for entering and exiting trades.
Penunjuk Pine Script™
oleh agus258
Adjustable ORB with ORB multipliers "Adjustable ORB with ORB Multipliers," calculates and visually represents the Opening Range Breakout (ORB) based on a user-defined timeframe (defaulting to 15 minutes). It identifies the high and low of the opening range and shades the area between these levels in blue for clear visualization. The indicator then computes additional levels at multiples of the opening range—specifically 1x and 2x the range distance above and below the ORB. These multiplier levels are plotted on the chart (with white lines for 1x levels and yellow lines for 2x levels) and are labeled accordingly ("1x" and "2x") on the left side of each line for easy reference. Users can choose to display or hide the 1x and 2x levels through input options, allowing for customization based on trading preferences. This tool aids traders in identifying potential breakout zones and setting target levels based on the initial market movement of the day.
Penunjuk Pine Script™
oleh mountain_trader_420
Dynamic TestingInput Parameters `lookbackPeriod` : Number of candles to check for determining the highest high (resistance) and lowest low (support) levels. `atrPeriod` : The period for calculating the Average True Range (ATR), a measure of market volatility. `atrMultiplierSL` : Multiplier to calculate the stop-loss distance relative to the ATR. `atrMultiplierTP1` and `atrMultiplierTP2` : Multipliers to calculate two take-profit levels relative to ATR. `rewardToRisk` : The ratio between reward (profit) and risk (stop loss) for trade management. --- Core Calculations ATR (Average True Range) atr = ta.atr(atrPeriod) ATR is computed using the specified period to gauge price volatility. Volume SMA volumeSMA = ta.sma(volume, atrPeriod) The script calculates the simple moving average of volume over the same period as ATR. This is used as a threshold for validating high-volume scenarios. --- Support and Resistance Levels `support` : Lowest price over the last `lookbackPeriod` candles. `resistance` : Highest price over the same period. `supportBuffer` and `resistanceBuffer` : These are "buffered" zones around support and resistance, calculated using half of the ATR to prevent false breakouts. --- Entry Scenarios Bullish Entry (`isBullishEntry`) The close is above the buffered support level. The low of the current candle touches or breaks below the support level. The trading volume is greater than the `volumeSMA`. Bearish Entry (`isBearishEntry`) The close is below the buffered resistance level. The high of the current candle touches or exceeds the resistance level. The trading volume is greater than the `volumeSMA`. --- Box Visualization Bullish and Bearish Boxes Bullish Box (`bullishBox`): - A green, semi-transparent rectangle around the support level to highlight the bullish entry zone. - Dynamically updates based on recent price action. Bearish Box (`bearishBox`): - A red, semi-transparent rectangle around the resistance level to highlight the bearish entry zone. - Adjusts similarly as price evolves. --- Stop Loss and Take Profit Calculations Bullish Trades Stop Loss (`bullishSL`): Calculated as support - atrMultiplierSL * ATR . Take Profit 1 (`bullishTP1`): support + rewardToRisk * atrMultiplierTP1 * ATR . Take Profit 2 (`bullishTP2`): support + rewardToRisk * atrMultiplierTP2 * ATR . Bearish Trades Stop Loss (`bearishSL`): resistance + atrMultiplierSL * ATR . Take Profit 1 (`bearishTP1`): resistance - rewardToRisk * atrMultiplierTP1 * ATR . Take Profit 2 (`bearishTP2`): resistance - rewardToRisk * atrMultiplierTP2 * ATR . --- Visualization for Key Levels Bullish Scenario Green lines represent `bullishTP1` and `bullishTP2` for profit targets. A red line indicates the `bullishSL` . Labels like "TP1," "TP2," and "SL" dynamically appear at respective levels to make the targets and risk visually clear. Bearish Scenario Red lines represent `bearishTP1` and `bearishTP2` . A green line marks the `bearishSL` . Similar dynamic labeling for `TP1` , `TP2` , and `SL` at corresponding bearish levels. --- Dynamic Updates Both the entry boxes and key level visualizations (lines and labels) adjust dynamically based on real-time price and volume data. --- Purpose Identify high-probability bullish and bearish trade setups. Define clear entry zones (using boxes) and exit levels (TP1, TP2, SL). Incorporate volatility (via ATR) and volume into decision-making. --- Technical Summary Dynamically visualize support/resistance levels. Set risk-managed trades using ATR-based stop-loss and profit levels. Automate visual trade zones for enhanced chart clarity. ---
Penunjuk Pine Script™
oleh ProfitNomad
Funded System CloudVisually Enhanced EMA Cross Trading Alerts Customize your strategy with fast and slow EMA crossovers. Intelligent cloud filtering to highlight trending opportunities. Visually identify trend direction with color-coded clouds. Set dynamic stop loss levels with a trailing stop or cloud boundaries. Receive timely alerts for EMA crosses and stop-loss triggers. Original script was borrowed from SyntaxGeek - I made an adjustment by erasing the arrows.
Penunjuk Pine Script™
oleh Kashmore1
RSI Instant DivergenceThis script detects RSI divergence—a common signal indicating potential trend reversals. It compares price action and RSI behavior to identify two types of divergences: 1- Bearish Divergence (Sell Signal): Occurs when the price forms a higher high while RSI drops (weaker momentum). A label appears above the candle, and an alert is triggered: "Divergence: Sell Signal." 2 -Bullish Divergence (Buy Signal): Occurs when the price makes a lower low while RSI rises (stronger momentum). A label appears below the candle, and an alert is triggered: "Divergence: Buy Signal." The labels are color-coded (orange for sell, blue for buy) and include detailed RSI and price info in a tooltip. Alerts help you act immediately when divergence is detected. This tool is perfect for spotting potential trend reversals and refining your entry/exit strategy. Let me know if you'd like to customize it further! 😊 Tooltip Feature: Each label includes a tooltip with precise RSI and price details (current and previous values) as well as the percentage change in RSI, giving you deeper insight into the divergence. This tool is great for identifying trend reversal points and includes visual labels, tooltips, and alerts to make real-time trading decisions easier. Let me know if you’d like adjustments!
Penunjuk Pine Script™
oleh Kadir-EMRE
Pro 1-3-5 Minute Scalping Strategy PETROVBacktesting: Use TradingView's backtesting feature to evaluate the historical performance of this strategy. Risk Management: Implement strict risk management techniques, such as using stop-loss orders to limit potential losses. Adaptability: Be prepared to adjust your strategy as market conditions change. Continuous Learning: Stay updated on market trends and refine your trading approach. Advanced Considerations: Additional Indicators: Incorporate other indicators like RSI, Bollinger Bands, or MACD to refine your entry and exit signals. Timeframe: Experiment with different timeframes (e.g., 1-minute, 5-minute, 15-minute) to find the best fit for your strategy. Market Conditions: Adjust your strategy based on market volatility and trends. Trading Psychology: Develop a disciplined approach to trading and avoid emotional decision-making.
Penunjuk Pine Script™
oleh petrowtode22
เทรดสั้นปั้นพอร์ตล้าน v.5EMA 14/60 and Order Block Trading System The EMA 14/60 and Order Block Trading System is a powerful strategy designed for traders who want to combine trend-following techniques with institutional-level price analysis. This system is suitable for forex, stocks, indices, and cryptocurrency trading, providing clarity on market direction and high-probability entry points. Key Components of the System EMA 14/60 Crossovers EMA 14 (short-term): Tracks recent price momentum, allowing you to identify immediate trends. EMA 60 (long-term): Serves as a guide for the overall market trend. The crossover of these two EMAs highlights potential trend reversals or confirmations: Bullish Signal: EMA 14 crosses above EMA 60, indicating an upward trend. Bearish Signal: EMA 14 crosses below EMA 60, signaling a downward trend. Order Block Identification Order Blocks: Represent areas where significant institutional buying or selling occurred, often leading to strong price reactions. Combine these zones with EMA signals to identify high-confluence trading opportunities. Look for price retracements into key order blocks for optimal entries. Entry and Exit Rules Entry: Wait for price action to align with both the EMA crossover and a retest of the identified order block. Stop Loss: Place stops just beyond the order block or recent swing low/high. Take Profit: Target significant support/resistance levels or use a risk-reward ratio of 1:2 or higher. Why This System Works Trend Following: EMA crossovers ensure you’re trading in the direction of the prevailing trend. Precision Entries: Order blocks provide areas of high liquidity where price is likely to react. Adaptable Across Markets: Suitable for various timeframes and asset classes. Ideal For Traders looking for a structured approach to blend technical indicators and price action. Both swing and intraday traders aiming to improve accuracy and risk management.
Penunjuk Pine Script™
oleh scalpingtradingformoney
Order Trigger with Volume, ATR, RSI, and Shadow Ratiosこのインジケーターは、転換線・基準線を基盤としたトレンドシグナルに加え、出来高、ATR、RSI、ローソク足の「ひげ割合」を条件として活用した高機能なトレードツールです。さらに、転換線や基準線を上抜け/下抜け後の「リターン（戻り）」を捉えるシグナルも搭載し、押し目買いや戻り売りを狙いやすくしています。 特徴 転換線・基準線を基盤としたトレンドシグナル 転換線や基準線をローソク足が上抜け/下抜けした際に、買い/売りシグナルを表示します。 リターンシグナル（Return Signals） 転換線や基準線を一度上抜け/下抜けした後に戻った際の押し目買いや戻り売りのチャンスを示します。 転換線リターンシグナル: TR-Buy, TR-Sell 基準線リターンシグナル: KR-Buy, KR-Sell 出来高とボラティリティのフィルタリング 出来高（Volume）やATR（ボラティリティ）が設定した閾値を超えた場合のみシグナルを発生させ、精度の向上を図ります。 RSI条件で過剰な買い/売りをフィルタリング RSIが買われすぎ/売られすぎゾーンに入っていない場合にのみシグナルを発生。 ひげの割合を考慮したリターン条件 ローソク足の上ヒゲ・下ヒゲの割合が指定した閾値を超えた場合にリターンシグナルとして表示。 ラベル表示の柔軟な管理 シグナルラベルの表示/非表示を切り替えるオプションを提供。 シグナルの種類 転換線シグナル（Tenkan Line Signals） 転換線を上抜けた場合：T-Buy 転換線を下抜けた場合：T-Sell 転換線を上抜けた後、戻った場合：TR-Buy 転換線を下抜けた後、戻った場合：TR-Sell 基準線シグナル（Kijun Line Signals） 基準線を上抜けた場合：K-Buy 基準線を下抜けた場合：K-Sell 基準線を上抜けた後、戻った場合：KR-Buy 基準線を下抜けた後、戻った場合：KR-Sell パラメーター 転換線・基準線設定 転換線の期間、基準線の期間を自由に設定可能。 出来高フィルター 出来高閾値（Volume Threshold）を設定し、低ボリューム時のシグナルを除外。 ATR（ボラティリティ）フィルター ATR閾値（ATR Threshold）を設定し、ボラティリティの低い相場でのシグナルを除外。 RSIフィルター RSIの買われすぎ/売られすぎ閾値を設定可能。 ひげの割合設定 上ヒゲ・下ヒゲの割合閾値を設定し、リターン条件を制御可能。 シグナルラベル表示 ラベルの表示/非表示を選択可能。 推奨する使い方 転換線や基準線のクロスシグナルでトレンドの変化を確認。 出来高やATRフィルタを用いて、精度の高いエントリーポイントを狙う。 リターンシグナルで押し目買いや戻り売りのチャンスを把握。 RSIを活用して、過剰な買い/売りのタイミングを避ける。 注意点 本インジケーターはダマシを軽減するためのフィルタリングを搭載していますが、すべての条件を満たしても相場の状況によっては損失が発生する可能性があります。バックテストや検証を行い、リスク管理を徹底してください。 更新履歴 v1.0 初回リリース：転換線・基準線クロスシグナル、出来高・ATR・RSIフィルタ、リターンシグナルを導入。 結び このインジケーターは、トレンドフォロー型のトレードだけでなく、逆張り戦略にも対応する多機能なツールです。トレードスタイルに合わせてカスタマイズし、精度の高いトレードを目指してください！
Penunjuk Pine Script™
oleh PANACEA_matome
MFI Divergence Indicator by Allen# MFI Divergence Indicator A powerful divergence indicator based on the Money Flow Index (MFI) that identifies four types of divergences: Regular Bullish, Hidden Bullish, Regular Bearish, and Hidden Bearish divergences. ### Key Features • Automatic detection and display of divergences between MFI and price • Independent control for displaying each type of divergence • Adjustable lookback periods and range settings • Built-in alerts functionality • Clear visual markers and labels ### Types of Divergences 1. Regular Bullish: Price makes lower lows while MFI makes higher lows 2. Hidden Bullish: Price makes higher lows while MFI makes lower lows 3. Regular Bearish: Price makes higher highs while MFI makes lower highs 4. Hidden Bearish: Price makes lower highs while MFI makes higher highs ### Parameters • MFI Period: Calculation period for the Money Flow Index • Pivot Lookback Left/Right: Periods to look for pivot points • Max/Min of Lookback Range: Maximum/Minimum range for divergence detection • Plot options: Toggle visibility for different types of divergences ### Usage Guidelines • Regular divergences are typically used to predict trend reversals • Hidden divergences are often used to predict trend continuation • Best used in conjunction with other technical indicators • Set up alerts to monitor for new divergence formations ### Trading Tips • Use regular divergences for potential trend reversal entries • Use hidden divergences for trend continuation trades • Combine with support/resistance levels for better entry points • Consider using multiple timeframe analysis for confirmation • Wait for price action confirmation before taking trades ### Important Notes This indicator is for reference purposes only. Always combine with other technical analysis tools and fundamental analysis for trading decisions. Back-testing and demo trading are recommended before live trading. If you find this indicator helpful, don't forget to hit the like button! #TechnicalAnalysis #Divergence #MFI #TrendTrading #TradingSignals
Penunjuk Pine Script™
oleh Allen_Fundation
Consecutive Candles StrategyEntry Conditions: Long Entry: Requires two consecutive green candles (where close > open) The second green candle must be a strong candle (not a doji) A strong candle is defined by its body being at least 50% of its total range (adjustable via minBodyToShadowRatio) Short Entry: Requires two consecutive red candles (where close < open) The second red candle must be a strong candle (not a doji) Same body-to-shadow ratio requirement as long entries Exit Conditions: All positions (both long and short) are automatically closed at the next candle's close For example: If you enter a long position on candle #1 The position will be closed at the end of candle #2 Trade Management: Cooldown Period: After each trade exits, there's a 2-candle waiting period No new trades can be entered during this cooldown This helps avoid overtrading and gives the market time to settle Candle Strength Measurement: bodySize = math.abs(close - open): Measures the actual body size of the candle totalRange = high - low: Measures the total range including shadows bodyToShadowRatio = bodySize / totalRange: Calculates what portion of the candle is body A candle is considered "strong" if its body is at least 50% of its total range Visual Indicators: Green triangles below bars: Show long entry signals Red triangles above bars: Show short entry signals Yellow dots: Show the cooldown period countdown Blue dots: Show the body-to-shadow ratio of current candle Example Trade Sequence: Market shows two green candles, second one is strong Strategy enters a long position Position is closed at the end of the next candle Strategy waits for 2 candles (cooldown) Only then looks for new trade opportunities You can adjust the strategy's sensitivity by modifying: minBodyToShadowRatio: Higher values (closer to 1.0) require stronger candles Currently set to 0.5 (50%), meaning the candle body must be at least half of the total candle range
Strategi Pine Script™
oleh godumbe014
Large Candle Marker (Threshold in Cents)This indicator, Large Candle Marker, identifies and marks candles that exceed a specified size threshold. The size can be based on either the candle's body (difference between open and close) or the total range (difference between high and low). The threshold is entered in cents for easy configuration, and the indicator highlights these significant candles directly on the chart with a orange flag. It's perfect for spotting momentum or volatility in price movements. I use it to not enter trades after a large candle. // INSTRUCTIONS: // 1. Input the desired candle size threshold in cents in the settings menu. // - For example, enter "30" for 30 cents or "50" for 50 cents. // 2. Choose the size type: // - Select "True" to use the candle body size (difference between open and close). // - Select "False" to use the total range size (difference between high and low). // 3. The script will mark candles exceeding the threshold with a red marker above the candle. // 4. Apply this indicator to any chart to identify significant candles based on the threshold.
Penunjuk Pine Script™
oleh cesarecastro