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Candlestick analysis

Candle/RSI BUY SELLWhy Use Candlesticks? They help traders visualize price action Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer) Assist in determining entry and exit points Why Traders Use RSI: To identify potential reversal zones To confirm trend strength To detect divergences between price and momentum Why Combine Candlestick Patterns with RSI? Using Candlestick patterns together with the Relative Strength Index (RSI) enhances trading decisions by combining price action and momentum analysis. Conclusion: Combining RSI with Candlestick patterns allows traders to: Confirm potential reversals Filter false signals Improve entry and exit timing Make more confident and accurate decisions How It Works: RSI Calculation Custom RSI is calculated manually using Wilder's smoothing technique. MA or BB Option User can select whether to apply a smoothing MA or Bollinger Bands to RSI (useful for visual enhancements or custom strategies). Buy/Sell Logic check for: Buy when the current candle is bullish (open <= close) and the previous candle was bearish (open >= close ), AND RSI is ≥ 50. Sell when current candle is bearish and previous was bullish, AND RSI is ≤ 50. Plot Buy/Sell Labels Final Verdict code is: Valid (no syntax errors) Useful (combines candlestick confirmation + RSI strength) Extendable (can add divergence, alerts, etc.) This Timeframe 5 min : XAU
Penunjuk Pine Script®
oleh dudedicate26
ATR Display ShorcutATR Value Display - On-Chart Volatility Monitor Clean ATR display directly on your price chart - no extra panels needed! This indicator displays the current Average True Range (ATR) value as a clean table overlay on your price chart, eliminating the need for a separate indicator panel below your main chart. ✨ Key Features: On-chart display: ATR value shown directly on price chart Customizable positioning: Choose from 4 corner positions Clean design: Minimal, non-intrusive table format Real-time updates: Always shows the latest ATR value Adjustable period: Default 14-period, fully customizable 🎯 Perfect For: Position sizing calculations Stop-loss placement (1x, 1.5x, 2x ATR) Volatility assessment at a glance Clean chart setups without extra panels Quick reference during live trading 📊 How to Use: Add to chart Select your preferred table position Adjust ATR period if needed (default: 14) The current ATR value displays automatically 💡 Pro Tip: Use this ATR value to: Set stop-losses at 1.5x or 2x ATR distance Determine position size based on account risk Compare current volatility to historical levels Clean charts, clear data, better trading decisions. Compatible with all timeframes and instruments. Pine Script v6. Feel free to adjust this description to match your style or add any specific features you want to highlight!
Penunjuk Pine Script®
oleh darren9288
Simple Monthly SeasonalityThis script helps traders quickly visualize how an asset performs month by month over a customizable historical period. 🔍 What it does: • Calculates average monthly returns over the past N years (default: 15). • Highlights the current month for quick context. • Displays results in a clean 2-column table (Month | Avg % Return). 💡 Features: • Works on any timeframe – internally pulls monthly data. • Color-coded performance (green for positive, red for negative). • Dynamic highlights – the current month is softly emphasized. • Fully customizable lookback period (1–50 years). 📈 Use cases: • Spot seasonal market trends. • Time entries/exits based on recurring historical strength/weakness. • Build the foundation for more advanced seasonality or macro scripts. Just load it on any chart and see which months historically outshine the rest. ⸻
Penunjuk Pine Script®
oleh firedintern
Enhanced EMA Band Rejection Strategy📈 Enhanced EMA Band Rejection Strategy 🎯 🌟 Revolutionary Trading Approach with Smart Band Recognition 🔥 What Makes This Strategy Unique? 🎪 The Power of EMA Band Rejection - This isn't just another EMA crossover strategy! We've engineered a sophisticated system that identifies high-probability reversal opportunities when price gets rejected from EMA bands, creating explosive momentum moves. 🎯 Core Trading Logic 📊 Dual EMA System (12 & 21) 🟢 Bullish Environment: EMA12 > EMA21 (Green Bands) 🔴 Bearish Environment: EMA12 < EMA21 (Red Bands) ⚡ Trend Consistency: Requires sustained trend direction for configurable bars 🚀 Entry Conditions - Precision Engineered 📈 LONG Setups (Bullish Rejection) 🎯 Price wicks down to touch EMA bands 💪 Strong bullish candle body (body > lower wick) ✂️ Minimal upper wick (< 2% of candle range) 🟢 Close ABOVE both EMAs (breakout confirmation) 🛡️ Previous candle didn't close below lower band ⏰ Consistent bullish trend for required bars 📉 SHORT Setups (Bearish Rejection) 🎯 Price wicks up to touch EMA bands 💪 Strong bearish candle body (body > upper wick) ✂️ Minimal lower wick (< 2% of candle range) 🔴 Close BELOW both EMAs (breakdown confirmation) 🛡️ Previous candle didn't close above upper band ⏰ Consistent bearish trend for required bars 🛡️ Advanced Risk Management 💎 Fixed Risk-Reward Ratio (Default 3:1) 🔴 Stop Loss: Previous candle's high/low 🎯 Take Profit: Automatically calculated based on R:R ratio 📊 Position Sizing: Percentage of equity (default 10%) 🔔 Smart Notification System 🚨 Complete Alert Suite: 🟢 Entry Signals: Instant trade entry notifications 🛑 Exit Alerts: Stop loss and take profit hits ⚠️ Setup Warnings: Potential setups forming ❌ Failed Conditions: Debug failed entries 📱 Mobile Friendly: Formatted for all devices 🎛️ Fully Customizable Parameters ⚙️ Fine-Tune Your Edge: 📏 EMA lengths (default 12/21) 🎯 Risk-reward ratio (1:1 to 10:1) 📊 Maximum wick percentage tolerance ⏳ Trend consistency requirements 🔔 Notification preferences 🧠 Advanced Debugging Features 🔍 Real-Time Analysis Dashboard: 📋 Live condition monitoring table 🎨 Color-coded background alerts 📊 Detailed failure analysis 💡 Previous candle position tracking 🔄 Trend consistency verification 🎨 Visual Excellence 🖼️ Professional Chart Presentation: 🔵 EMA12 (Blue line) 🔴 EMA21 (Red line) 🟢 Long entry backgrounds 🔴 Short entry backgrounds 🎯 Stop loss and take profit levels 🏷️ Entry/exit labels 📊 Performance Optimized ⚡ Built for Speed & Accuracy: 🚀 Efficient Pine Script v5 code 🎯 Precise mathematical calculations 🔄 Real-time condition checking 📱 Optimized for all timeframes 💾 Memory-efficient execution 🎪 Why Traders Love This Strategy ✅ High Win Rate Potential: Catches strong momentum moves after rejection ✅ Clear Entry/Exit Rules: No guesswork or emotional decisions ✅ Excellent Risk Management: Fixed R:R with automatic stops ✅ Trend-Following Edge: Only trades with the dominant trend ✅ Multiple Timeframe Friendly: Works on various timeframes ✅ Comprehensive Alerts: Never miss a trading opportunity ✅ Professional Grade: Institution-quality logic and execution Made by NickGolobor.GM
Strategi Pine Script®
oleh g17_trader
FX Fix with Adjustable TimezoneFX Fix Time Highlighter This indicator visually highlights candlesticks at a user-defined time and timezone to help traders easily identify when the FX fix occurs. Simply set your preferred timezone and the exact time you want to mark on the chart, and the indicator will automatically highlight the corresponding candlesticks. Ideal for forex traders who want a clear visual reference of the FX fix window, aiding in analysis of price behavior during this key market event. Features: Customizable timezone selection Adjustable highlight time (hour and minute) Automatic candlestick highlighting at the chosen time Supports all timeframes Use this tool to better understand market dynamics around the FX fix and improve your trading decisions.
Penunjuk Pine Script®
oleh mdonnelly8
BB Cross + Martingale Hedging Strategy🔁 Buy and Sell Trend Indicator (Multi-Entry Trend Follower) This indicator detects bullish and bearish trends based on candle direction and highlights trend shifts with multiple entry opportunities. 🔍 Features: Buy Signals: Triggered when a bullish candle follows a bearish one, initiating a potential upward trend. Sell Signals: Triggered when a bearish candle follows a bullish one, signaling potential downward momentum. Multi-Entry Logic: Captures up to 5 consecutive entries in the same trend to compound positions or confirm strength. Visual Labels: Clearly marked buy/sell labels and trend continuation counts on the chart. Color-coded Backgrounds: Light green/red highlights for bullish/bearish candles. Alerts: Set real-time alerts for trend reversals and continuation signals, ensuring you're notified instantly. 🧠 Ideal For: Trend-following traders looking for clear entry points. Scalpers and swing traders who want to track momentum shifts. Users who prefer visual confirmations and real-time alerts.
Strategi Pine Script®
oleh AnthonyCooke42069
1
5 AM NY 4H Candle High/LowThis indicator identifies the 4-hour candle that starts at 5:00 AM New York time (NYT) and automatically plots its high and low on intraday charts (e.g., 15m, 30m, 1H). It helps traders: Highlight a key session window often associated with increased market activity. Use the 5AM–9AM NYT range for breakout, reversal, or liquidity zone strategies. See clean horizontal levels that can act as support or resistance throughout the trading day. 🧠 Key Features: Works on any timeframe below 4H. Automatically detects and updates daily. Optional labels to mark the range visually.
Penunjuk Pine Script®
oleh nawafbinshams
Power CandlesPower Candles - ATR-Based Momentum Signals Identifies high-momentum candles with minimal wicks that signal potential trend continuation or reversal. Key Features: Detects candles larger than ATR threshold with small opposing wicks Bullish signals: Green candle after red with small top wick Bearish signals: Red candle after green with small bottom wick Customizable ATR period, size factor, and wick tolerance Built-in alert system for all signal types
Penunjuk Pine Script®
oleh CEDGOTMIILZ
Hide Current Bara lightweight overlay indicator designed to hide the color of the active (unconfirmed) candle on the chart. Key Features: Purpose: Hide the color of the currently forming bar (i.e., the active candle) on the price chart. Psychological Benefit of Hiding the Active Candle’s Color Hiding the color of the active candle can have notable psychological benefits for traders: Reduction of Bias: The color of a forming candle often fluctuates as prices move up and down during its formation. This can trigger emotional responses such as fear or greed. By removing the color, traders avoid overreacting to incomplete information and are less likely to jump to conclusions based on transient price moves. Focus on Confirmed Data: Since only completed candles are relevant for most technical analysis, hiding the color of the active candle encourages traders to make decisions based on fully formed and reliable data rather than noise. Improved Discipline: By not seeing the color of the active candle, traders are less tempted to enter or exit trades impulsively in reaction to price flickers. This promotes a more systematic and disciplined approach. Minimized Overtrading: Visual cues like bright green or red candles can prompt hasty trades, particularly in fast-moving markets. A transparent active candle helps reduce the temptation to trade every minor tick, fostering patience. In summary, by hiding the color of the active candle, this script helps traders maintain emotional neutrality and focus on confirmed price action, leading to better, more rational trading decisions.
Penunjuk Pine Script®
oleh KinetiCapital
9:15 Range with 0.09% BufferThis strategy is based on the first 9:15 AM candle for Nifty, which is considered a key reference point (also called the "GAN level entry"). It defines a range around the high and low of the 9:15 candle with a 0.09% buffer on both sides. The upper buffer level acts as a potential resistance. The lower buffer level acts as a potential support. When the price crosses above the upper buffer, it signals a possible entry for a Call option (CE) or a long position. When the price crosses below the lower buffer, it signals a possible entry for a Put option (PE) or a short position. This approach helps traders identify early breakout opportunities based on the opening candle range, aiming to capture momentum moves in either direction during the trading session.
Penunjuk Pine Script®
oleh dineshaggala
Swing High/Low (Length 1)How It Works swing High is true when the previous bar's high is higher than both its neighbors. swing Low is true when the previous bar's low is lower than both its neighbors. Shapes are plotted at the bar where the swing actually occurred (offset by -1 to align properly). Tips: This is very sensitive — you might want to combine it with filters like: ATR filter to ignore small swings volume filter to validate significant moves For more meaningful swings, try increasing the window size (e.g., length = 3 or 5).
Penunjuk Pine Script®
oleh STEEL-CITY-CREATORS
Shooting Star Detector[cryptovarthagam]🌠 Shooting Star Detector The Shooting Star Detector is a powerful price action tool that automatically identifies potential bearish reversal signals using the well-known Shooting Star candlestick pattern. Ideal for traders who rely on candlestick psychology to spot high-probability short setups, this script works across all markets and timeframes. 🔍 What is a Shooting Star? A Shooting Star is a single-candle pattern that typically forms at the top of an uptrend or resistance zone. It’s characterized by: A small body near the candle's low, A long upper wick, and Little or no lower wick. This pattern suggests that buyers pushed price higher but lost control by the close, hinting at potential bearish momentum ahead. ✅ Indicator Features: 🔴 Accurately detects Shooting Star candles in real-time 🔺 Plots a red triangle above every valid signal candle 🖼️ Optional background highlight for visual clarity 🕵️‍♂️ Strict ratio-based detection using: Wick-to-body comparisons Upper wick dominance Optional bearish candle confirmation ⚙️ Detection Logic (Rules Used): Upper wick > 60% of total candle range Body < 20% of total candle Lower wick < 15% of candle range Bearish candle (optional but included for accuracy) These rules ensure high-quality signals that filter out false positives. 📌 Best Use Cases: Spotting trend reversals at swing highs Confirming entries near resistance zones Enhancing price action or supply/demand strategies Works on: Crypto, Forex, Stocks, Commodities 🧠 Trading Tip: Pair this detector with volume confirmation, resistance zones, or bearish divergence for higher-probability entries. 📉 Clean, minimal, and non-repainting — designed for traders who value accuracy over noise. Created with ❤️ by Cryptovarthagam Follow for more real-time price action tools!
Penunjuk Pine Script®
oleh cryptovarthagam