The Trend Chameleon, originally developed by Alex Cole for the Bloomberg Terminal, is a powerful tool designed to simplify trend identification and illuminate potential trading opportunities. It leverages a clear visual display to decode market movements, making it useful for traders of all experience levels. 🟠 Overview Here's an illustration of how the...
inside bar breakout with a look back period of 5 candles, both bullish and bearish breakout
Exploits the misaligned price movement of the asset relative to USD. Spikes, detected by this indicatre have a super high probability to revert in the lower time frame. Best used for scalping and with the Executor Extension in bfg9000ea.com
Certainly! Here's the merged summary for the "Jasmy Erection Giver" indicator: --- The "Jasmy Erection Giver" indicator is a powerful tool designed to assist traders in identifying potential buy or sell signals by detecting divergences between price action and the Relative Strength Index (RSI). This indicator combines two types of divergence analysis: price...
This inidcator shows engulfing candles within certain cycles / sessions
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algo trading engulfing signal source by sheraz ea trading algo trading automate trading candel stick pattern candel analysis
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
Hello everyone, this is Yasser Mahmoud (YWMAAAWORLD) founder and today I am introducing my latest indicator that I coded in Pine Script. Unlock the potential of your trading strategy with the "Double Inside bar with drift - Yasser rev 2.0" indicator. This powerful Pine Script™ code identifies the elusive double inside bar setup, offering keen insights into market...
Certainly! Here's a user guide for the provided Pine Script code: User Guide: 1800 Candle Highlight Indicator Overview: The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color. Key Features: Candle...
This indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and...
This Pine Script code is designed to identify and plot Marubozu candlestick patterns on a trading chart. Marubozu candles are characterized by having very small or non-existent wicks (shadows) and a large body, indicating strong buying or selling pressure. The script first calculates the body size and wick size for both red (bearish) and green (bullish) Marubozu...
Inside Bar Detection: The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low. Inside bars are highlighted with an orange color. Bearish Candlestick Patterns: Bearish Engulfing: When the current candlestick's body completely engulfs...
Multi-TimeFrame Support and Resistance w/ Strength Rating Short Description: This indicator identifies key support and resistance levels on your chart and rates their significance based on a unique strength rating system. By analyzing price action across multiple timeframes, it helps you make informed trading decisions and understand the market structure more...
The innovative TRN Bars are designed to help traders to analyze markets in an intuitive way. It combines three core concepts: TRN Bars to see the current trend and reversals (replaces the default chart bars) Bar Ranges to highlight consolidations Dynamic Trend to see the overall trend. First, let's have a look at each of these concepts individually....
The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns. 6 CANDLESTICK PATTERNS Hammer Inverted Hammer Bullish Engulfing The Piercing Line The...
The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements.