Mulakan

Candlestick analysis

Finger Print.Finger Print. Isolates and Accumulates the "True" components of each candle: - True Upper Wick (buying pressure beyond the body) - True Body (conviction from open to close) - True Lower Wick (selling pressure beyond the body). By measuring each non-overlapping extension (true wicks) and the directional body separately, the indicator reveals building Pressure (wick accumulation) versus actual Conviction (body momentum) over a user-defined sum of bars. Three cumulative lines track these Raw forces, while three Smoothing agents highlight sustained momentum and trend strength. Dual Background Flashes highlight Historical extremes measured as Percentile given the Lookback period. Source any Component / Smoother line from Zero % Line, or Wick-to-Wick / Smoother-to-Smoother Spread – flagging unusually wide/tight conviction gaps or pressure imbalances. The result is a clean, pressure-focused oscillator that separates noise from genuine directional force, helping traders spot Accumulation , Exhaustion , or Hidden Strength before price confirms it.
Penunjuk Pine Script®
oleh telephonejack
Multi-Indicator SuiteMain Chart Overlay: 9, 20, and 200 EMAs - Each with customizable colors and visibility toggles Intraday VWAP - Automatically resets daily to show intraday volume-weighted average price Separate Indicator Panes: RSI (14-period default) - With overbought (70) and oversold (30) levels, customizable length MACD - With histogram, MACD line, and signal line (12/26/9 default settings) Features: All indicators have customizable settings through the indicator settings panel Color-coded RSI (red when overbought, green when oversold) MACD histogram changes color based on positive/negative values Built-in alert conditions for EMA crossovers, RSI levels, and MACD crossovers Toggle visibility for each component independently
Penunjuk Pine Script®
oleh carl3448
Untested Wickless LevelsUntested Wickless Levels Overview Untested Wickless Levels is a specialized price-action tool designed to identify and track "Wickless Candles"—bars where the price opens or closes at the absolute high or low of the candle with zero (or negligible) wick. In technical analysis, a wickless candle often represents strong, institutional conviction. When a level is created without a wick and remains "untested" (price has not yet returned to pierce that specific coordinate), it often acts as a significant magnet for future price action or a zone of hidden support/resistance. How It Works The indicator scans every candle for a "Shaved" top or bottom. Resistance (No Upper Wick): Created when the high of the candle is equal to the Open or Close. This suggests aggressive selling or a "ceiling" that hasn't been contested yet. Support (No Lower Wick): Created when the low of the candle is equal to the Open or Close. This suggests aggressive buying or a "floor." Once a level is identified, the script draws a horizontal line that automatically extends until price action eventually "tests" or breaks the level. Once the level is breached, the line is removed to keep your chart clean and focused only on active, high-probability zones. Key Features Automatic Level Extension: Lines track across your chart indefinitely until they are mitigated by price. Wick Tolerance Setting: Crypto and Forex markets often have "micro-wicks" due to spread. The Wick Tolerance input allows you to include levels that have a 1 or 2 tick margin of error. Non-Repainting: Signals are confirmed on candle close, ensuring the levels you see are permanent until broken. Clean Visuals: Fully customizable colors, line styles (Solid, Dashed, Dotted), and widths. How to Use Target/Magnet: Use untested wickless levels as potential targets for take-profits, as price frequently returns to "fill" these efficient moves. S/R Zones: Treat long-standing untested lines as strong areas for potential reversals or entries. Breakout Confirmation: If price approaches a wickless resistance and fails to break it, it confirms the strength of the original move.
Penunjuk Pine Script®
oleh eulenman
Michael Ultimate Open session/sentiment.Overview This indicator is a precision tool designed for intraday traders who need a complete overview of market time and structure in a single, compact panel. It combines Session Liquidity Levels with Multi-Timeframe Trend Analysis, allowing you to spot alignments between session ranges and the broader market direction instantly. Key Features 1. Advanced Session Tracking The dashboard monitors three key trading sessions with custom operational hours: Asia (23:00 - 06:00): Captures the overnight range. London (08:00 - 11:00): Focuses on the European open volatility. New York (14:30 - 16:30): Targets the US market overlap. For each session, the dashboard calculates and displays real-time data: High & Low: Crucial for liquidity sweeps and breakout targets. Midpoint: The equilibrium level of the session, often acting as dynamic support/resistance. Status: A visual "Traffic Light" (🟢 Open / 🔴 Closed) indicating if the specific window is currently active. 2. Multi-Timeframe Trend Correlation Instead of a generic trend filter, this tool links each session to a relevant higher timeframe to provide context: Asia Row ➔ Daily Trend (D1): Shows the macro bias. London Row ➔ 4-Hour Trend (H4): Shows the structural bias. New York Row ➔ 15-Minute Trend (M15): Shows the immediate execution momentum. 3. Visual Logic & Design EMA 50 Strategy: Trends are determined by price action relative to the 50 EMA (Green = Bullish, Red = Bearish). Modern UI: Features a sleek, dark-themed aesthetic with semi-transparent backgrounds to keep your chart clean and professional. Instant Read: Uses color-coded icons (🟢/🔴) so you can assess market conditions in milliseconds. How to Use Use this dashboard to find confluence. For example, if the London Session opens while the H4 Trend is Bullish (Green), look for buy setups near the Asia Midpoint or Asia Low. Settings Fully customizable session times. Adjustable EMA length (Default: 50). Table position and size can be modified to fit your screen.
Penunjuk Pine Script®
oleh michaellip0172
1
Volume Ratio [MIT]Core Logic: This indicator splits each bar's volume into "Buy Volume" and "Sell Volume" based on the relationship between close and open price, then calculates the rolling ratio of cumulative buy volume to sell volume over the past n bars, helping traders gauge short-term buying vs. selling pressure. Volume Split Rules: Bull bar (close > open): All volume assigned to Buy Bear bar (close < open): All volume assigned to Sell Flat bar (close == open): Handled by the "Flat bar volume" setting: Split 50/50 (default): 50% Buy + 50% Sell Ignore: Volume discarded (0 Buy, 0 Sell) All to Buy: All volume to Buy All to Sell: All volume to Sell Calculation: buySum = rolling sum of buy volume over last n bars sellSum = rolling sum of sell volume over last n bars Ratio = buySum / sellSum (na when sellSum = 0) Ratio > 1: Buying pressure dominates (red line) Ratio < 1: Selling pressure dominates (green line) Visual Elements: Green line: Rolling Buy Volume (n bars) – optional Red line: Rolling Sell Volume (n bars) – optional Colored line: Buy/Sell Ratio (red when >1, green when <1) Horizontal line at 1.0: Neutral balance level Typical Trading Use Cases: Trend Confirmation: Ratio persistently > 1.2–1.5 while price rises → strong bullish confirmation Divergence: Price makes higher high but ratio declines → potential top divergence Breakout Filter: Breakout with rapidly rising ratio → higher probability breakout Range Market Avoidance: Ratio oscillating between 0.8–1.2 → avoid choppy entries Crypto Day/Swing Trading: Commonly used on 5m–1h charts, combined with price action or order flow 核心逻辑： 该指标基于K线的收盘价与开盘价的关系，将每根K线的成交量（volume）拆分为“买入量”（Buy Volume）和“卖出量”（Sell Volume），然后计算过去n根K线的累计买入量与卖出量的比率（Buy/Sell Ratio），用来判断短期内买卖力量的相对强弱。 成交量拆分规则： 阳线（close > open）：全部成交量计入买入量 阴线（close < open）：全部成交量计入卖出量 平线（close == open）：根据“Flat bar volume”参数处理： Split 50/50（默认）：平分50%买入 + 50%卖出 Ignore：忽略该K线（都不计） All to Buy：全部算买入 All to Sell：全部算卖出 计算方式： 滚动窗口n根K线内的累计买入量（buySum）和卖出量（sellSum） 比率 = buySum / sellSum（当sellSum=0时显示na） 比率 > 1：买入力量占优（红色） 比率 < 1：卖出力量占优（绿色） 图表显示： 绿色柱线：过去n根的累计买入量（可选显示） 红色柱线：过去n根的累计卖出量（可选显示） 彩色折线：买入/卖出比率（>1红色，<1绿色） 水平线1.0：平衡线（比率=1） 典型使用场景： 趋势确认：比率持续 > 1.2~1.5 且价格上涨 → 强势多头确认 背离信号：价格创新高但比率持续下降 → 潜在顶部背离 放量突破：突破关键位时比率同步快速拉升 → 突破有效性更高 震荡市过滤：比率在0.8~1.2区间反复震荡 → 避免频繁交易 币圈短线：常用于5分钟~1小时图，配合价格结构或订单流使用
Penunjuk Pine Script®
oleh MITAlphaLibrary
Fixing Volume Vizualization This simple script shows only the fixing candles (by default, 5 PM UTC) and attaches a label with the volume value on each of them. It’s useful if you want to analyze volume behavior specifically during the fixing – for example, to compare institutional activity across days, Wednesdays, or months. You can: • set a custom date range (from–to), • change the fixing hour if needed, • easily modify colors, labels, or volume thresholds. It hides everything except the fixing candles – giving you a clean, focused view. This is an update of less configurable script that gives you more flexibility through settings rather then pine editor.
Penunjuk Pine Script®
oleh fis_wse
Fixing Volume Visualization (only fixing candles)This simple script shows only the fixing candles (by default, 5 PM UTC) and attaches a label with the volume value on each of them. It’s useful if you want to analyze volume behavior specifically during the fixing – for example, to compare institutional activity across days, Wednesdays, or months. You can: • set a custom date range (from–to), • change the fixing hour if needed, • easily modify colors, labels, or volume thresholds. It hides everything except the fixing candles – giving you a clean, focused view.
Penunjuk Pine Script®
oleh fis_wse
Minervini TT + IBD RS + ENTRY What this script does (overall) This indicator implements a Minervini-style stock selection and entry system with mechanical risk control: Trend Template (TT) Uses 50 / 150 / 200 SMA alignment Requires price to be above key moving averages Ensures the stock is sufficiently above its 52-week low and not too far from its 52-week high Relative Strength (IBD-style proxy vs TOPIX) Compares the stock’s performance against TOPIX Requires RS to be rising and making new relative highs Detects RS breakdowns as “no-add / exit watch” warnings ENTRY conditions (Pivot + Volume + VCP) Breakout above a pivot high Volume expansion on breakout Volatility contraction using ATR% (VCP-like behavior) Visual signals BUY label: quality conditions pass ENTRY label: valid breakout entry RS BREAK label: relative strength deterioration What was newly added / updated (important) 🔴 Mechanical stop-loss logic (NEW) After each ENTRY signal, the script now: Draws two horizontal stop-loss lines SL -5% from the ENTRY bar’s high SL -8% from the ENTRY bar’s high Lines extend to the right automatically Detects stop-loss touches When price (low or close, configurable) crosses below: SL -5% → SL5 trigger SL -8% → SL8 trigger Displays an upward arrow on the bar where each SL is touched Sends alerts with fixed (const) messages Handles multiple trades cleanly If a stop-loss was hit and a new ENTRY appears later: The previous SL lines are grayed out and dotted Past exit markers (arrows) remain visible Prevents inconsistent calculations by evaluating crossunders on every bar 👉 This enables fully mechanical, Minervini-style loss control without discretionary judgment.
Penunjuk Pine Script®
oleh hibinomasakazu1991
PSP with Color ThemesPSP (Price State Parity) Indicator This indicator identifies Price State Parity between the current trading instrument and a reference asset. It visually highlights candles where price movements show significant correlation patterns. Key Features: Dual Mode Operation: Divergence Mode (Default): Highlights candles where current and reference assets move in opposite directions Convergence Mode (Inverse): Highlights candles where both assets move in the same direction Customizable Visualization: Separate color selection for bullish and bearish PSP candles Adjustable transparency for optimal chart visibility Non-PSP candles remain unchanged for clear price action reading Flexible Reference Asset: Compare against any TradingView symbol (crypto, forex, stocks, indices) Default: ETH/USDT for crypto correlation analysis Use Cases: Crypto Correlation Trading: Spot divergence/convergence between crypto pairs Inter-Market Analysis: Compare stocks with sector ETFs or indices Forex Pairs Correlation: Analyze currency pair relationships Hedging Opportunities: Identify when correlated assets decouple How to Use: Select your reference symbol in settings Choose between Divergence or Convergence mode Customize colors to match your trading style Watch for highlighted candles indicating PSP signals Indicator Logic: Bullish PSP: Current candle bullish + Reference candle bearish (or same in inverse mode) Bearish PSP: Current candle bearish + Reference candle bullish (or same in inverse mode)
Penunjuk Pine Script®
oleh cryptomaniac_dt
PSP CANDLES PSP (Price State Parity) Indicator This indicator identifies Price State Parity between the current trading instrument and a reference asset. It visually highlights candles where price movements show significant correlation patterns. Key Features: Dual Mode Operation: Divergence Mode (Default): Highlights candles where current and reference assets move in opposite directions Convergence Mode (Inverse): Highlights candles where both assets move in the same direction Customizable Visualization: Separate color selection for bullish and bearish PSP candles Adjustable transparency for optimal chart visibility Non-PSP candles remain unchanged for clear price action reading Flexible Reference Asset: Compare against any TradingView symbol (crypto, forex, stocks, indices) Default: ETH/USDT for crypto correlation analysis Use Cases: Crypto Correlation Trading: Spot divergence/convergence between crypto pairs Inter-Market Analysis: Compare stocks with sector ETFs or indices Forex Pairs Correlation: Analyze currency pair relationships Hedging Opportunities: Identify when correlated assets decouple How to Use: Select your reference symbol in settings Choose between Divergence or Convergence mode Customize colors to match your trading style Watch for highlighted candles indicating PSP signals Indicator Logic: Bullish PSP: Current candle bullish + Reference candle bearish (or same in inverse mode) Bearish PSP: Current candle bearish + Reference candle bullish (or same in inverse mode) Perfect for traders analyzing inter-market relationships, correlation strategies, or looking for divergence/convergence signals between related assets.
Penunjuk Pine Script®
oleh cryptomaniac_dt
Bullmart VWAP [LTF STR]Bullmart Discounted Momentum in conjunction with VWAP is an indicator for identifying areas of increased liquidity on lower timeframes, where stop losses and liquidations are most likely to occur. The indicator is not designed to search for entry points "by signal". Its main task is to provide a context in which it is possible to understand where the price is moving due to liquidity. Use Bullmart VWAP only in conjunction with Bullmart Discounted momentum
Penunjuk Pine Script®
oleh BullmartX
EMA Crossover Candle Color - 9/21A simple visual trend highlighter for intraday/day trading. This overlay indicator plots a fast 9-period EMA (orange) and a slower 21-period EMA (blue). Candles turn green on the exact bar where the 9 EMA crosses above the 21 EMA (bullish momentum shift), and red when the 9 EMA crosses below the 21 EMA (bearish shift). Otherwise, candles remain default. Great for spotting quick trend changes, momentum entries, or filtering chop on 5-min charts (or any timeframe). Pairs well with VWAP, volume, or price action for confluence.
Penunjuk Pine Script®
oleh Cag100
3
FVG (stormbey) 📊 Overview This indicator automatically detects and displays Fair Value Gaps (FVG) across multiple timeframes simultaneously on a single chart. FVGs are imbalances in price action that often act as support/resistance zones where price tends to return. 🎯 Key Features • Multi-Timeframe Analysis: Monitor up to 5 different timeframes at once (Chart, 15m, 1H, 4H, Daily) • Smart Timeframe Filtering: Automatically hides FVGs from lower timeframes than your current chart (e.g., on Daily chart, only Daily FVGs are shown) • Inverse FVG Detection (iFVG): Optionally display inverse FVGs when original gaps are filled • Customizable Labels: Labels displayed inside boxes showing timeframe origin • Auto-Delete on Fill: Boxes automatically removed when price fills the gap • Flexible Fill Detection: Choose between Close or Wick-based fill detection ⚙️ Settings TIMEFRAMES - Enable/disable each of the 5 timeframes independently - Default: Chart, 15m, 1H, 4H, Daily FVG SETTINGS - Wait for candle close to identify FVGs - Hide FVGs lower than current chart timeframe - Show/Hide regular FVG and inverse FVG (iFVG) - Filled FVG Type: Close, Wick, or None - Max bars back to search for FVGs LABEL SETTINGS - Show/Hide labels - Customize label text for each timeframe - Label distance adjustment for extended boxes BOX SETTINGS - Delete boxes after fill - Extend boxes to current bar - Adjustable box length - Separate colors for Bullish/Bearish FVG and iFVG BORDER SETTINGS - Border style: Solid, Dashed, Dotted, None - Border width customization - Separate border colors for FVG and iFVG 📈 How to Use 1. Add the indicator to your chart 2. Enable the timeframes you want to monitor 3. FVG boxes will automatically appear showing imbalances 4. Green boxes = Bullish FVG (potential support) 5. Red boxes = Bearish FVG (potential resistance) 6. Use these zones for potential entry/exit points 💡 Trading Tips - Higher timeframe FVGs are generally more significant - FVGs often get "filled" before price continues in the original direction - Combine with other confluence factors (S/R levels, order blocks, trend) - Use iFVG feature to spot when gaps flip from support to resistance (or vice versa) ⚠️ Disclaimer This indicator is for educational purposes only. Always do your own research and use proper risk management. Past performance does not guarantee future results. --- If you find this indicator helpful, please leave a like and follow for more trading tools!
Penunjuk Pine Script®
oleh Stormbey
All OB + FVG + Overlap Zones + Alerts (v6 safe)//@version=6 indicator( "All OB + FVG + Overlap Zones + Alerts (v6 safe)", overlay = true ) // === USER INPUTS === maxBarsBack = input.int(500, "Max Bars Back to Display OB/FVG", minval = 1) extendBars = input.int(10, "Extend OB/FVG Boxes Forward", minval = 1) // === COLORS === bullOBColor = color.rgb(139, 0, 0) // Deep Red bearOBColor = color.rgb(75, 0, 130) // Deep Purple bullFVGColor = color.rgb(0, 100, 0) // Deep Green bearFVGColor = color.rgb(184, 134, 11) // Deep Yellow overlapColor = color.rgb(0, 255, 255) // Cyan for OB+FVG overlap // === HELPER FUNCTION === inRange(offset) => bar_index - offset >= last_bar_index - maxBarsBack // === ORDER BLOCK LOGIC === bullOB = close < open and close > open bearOB = close > open and close < open // === COLOR OB CANDLE === barcolor( bullOB and inRange(1) ? bullOBColor : bearOB and inRange(1) ? bearOBColor : na, offset = -1 ) // === DRAW EXTENDED OB BOXES === if bullOB and inRange(1) box.new( left = bar_index - 1, right = bar_index - 1 + extendBars, top = high , bottom = low , bgcolor = color.new(bullOBColor, 70), border_color = bullOBColor ) if bearOB and inRange(1) box.new( left = bar_index - 1, right = bar_index - 1 + extendBars, top = high , bottom = low , bgcolor = color.new(bearOBColor, 70), border_color = bearOBColor ) // === FVG LOGIC (3-candle imbalance) === bullFVGFormed = low > high bearFVGFormed = high < low // === DRAW FVG BOXES AND STORE TOP/BOTTOM === var float bullFVGTop = array.new_float() var float bullFVGBot = array.new_float() var float bearFVGTop = array.new_float() var float bearFVGBot = array.new_float() var box bullFVGBoxes = array.new_box() var box bearFVGBoxes = array.new_box() if bullFVGFormed and inRange(2) fvgBox = box.new( left = bar_index - 2, right = bar_index - 2 + extendBars, top = low, bottom = high , bgcolor = color.new(bullFVGColor, 80), border_color = bullFVGColor ) array.push(bullFVGBoxes, fvgBox) array.push(bullFVGTop, low) array.push(bullFVGBot, high ) if bearFVGFormed and inRange(2) fvgBox = box.new( left = bar_index - 2, right = bar_index - 2 + extendBars, top = high, bottom = low , bgcolor = color.new(bearFVGColor, 80), border_color = bearFVGColor ) array.push(bearFVGBoxes, fvgBox) array.push(bearFVGTop, high) array.push(bearFVGBot, low ) // === CHECK AND HIGHLIGHT OB + FVG OVERLAPS === var float overlapLevelsTop = array.new_float() var float overlapLevelsBot = array.new_float() if bullOB and inRange(1) and array.size(bullFVGBoxes) > 0 for i = 0 to array.size(bullFVGBoxes) - 1 obTop = high obBot = low fvgTop = array.get(bullFVGTop, i) fvgBot = array.get(bullFVGBot, i) overlapTop = math.min(obTop, fvgTop) overlapBot = math.max(obBot, fvgBot) if overlapTop > overlapBot box.new( left = bar_index - 1, right = bar_index - 1 + extendBars, top = overlapTop, bottom = overlapBot, bgcolor = color.new(overlapColor, 80), border_color = overlapColor ) array.push(overlapLevelsTop, overlapTop) array.push(overlapLevelsBot, overlapBot) if bearOB and inRange(1) and array.size(bearFVGBoxes) > 0 for i = 0 to array.size(bearFVGBoxes) - 1 obTop = high obBot = low fvgTop = array.get(bearFVGTop, i) fvgBot = array.get(bearFVGBot, i) overlapTop = math.min(obTop, fvgTop) overlapBot = math.max(obBot, fvgBot) if overlapTop > overlapBot box.new( left = bar_index - 1, right = bar_index - 1 + extendBars, top = overlapTop, bottom = overlapBot, bgcolor = color.new(overlapColor, 80), border_color = overlapColor ) array.push(overlapLevelsTop, overlapTop) array.push(overlapLevelsBot, overlapBot) // === ALERT CONDITIONS === overlapAlert = false for i = 0 to array.size(overlapLevelsTop) - 1 if close <= array.get(overlapLevelsTop, i) and close >= array.get(overlapLevelsBot, i) overlapAlert := true // === ALERTCONDITION (v6 compatible) === alertcondition(overlapAlert, "OB + FVG Overlap", "⚡ Price entered an OB + FVG overlap zone! ⚡") alertcondition(bullOB, "Bullish OB Formed", "🔴 Bullish OB formed!") alertcondition(bearOB, "Bearish OB Formed", "🟣 Bearish OB formed!")
Penunjuk Pine Script®
oleh izzynjoku21
gilgamesh v8A simple strategy indicator ,works based on orb and other confluence ,to be traded at newyork open ,the session is from 9:30 - 11: 15 BUY SIGNAL - Green candle + Green arrow SELL SIGNAL - Red candle + Red arrow is momentum and impulse based day trading so tight sl and short targets but feel free to mess around or find your own edge or approach ,during development 20 pips sl , 1: 2 target (40 pips tp) looked good on GBPUSD but yet to backtest, and since it is based on Ny open should work good on indices too NOTE candle is always green and red above or below range and arrow always show when there is volume and momentum so taking 1 trade at a time ,adding to winner and all is up to you, its momentum based so choppy market conditions will to rough bad days but depending on utilization the edge and setup is actually profitable
Penunjuk Pine Script®
oleh Wickedfg88
Mentor Michael | XAUUSD Short BiasMentor Michael | XAUUSD Market Structure & Short Bias This indicator is a visual price-action framework designed for traders who analyze Gold (XAUUSD) using institutional concepts rather than lagging indicators. The script highlights high-probability decision zones by mapping key areas where liquidity, supply, and demand are most likely to influence price behavior. It is intended for educational and discretionary trading, not automated execution. Core Features Higher-Timeframe Resistance Zone Identifies premium pricing areas where selling pressure and profit-taking are statistically likely. Range & Accumulation Mapping Visually marks prior consolidation zones to provide context for current market positioning. Demand Reaction Area Highlights zones where buyers previously reacted, helping define structural invalidation. Projected Downside Target Displays logical price objectives based on range equilibrium and liquidity attraction. Directional Bias Label Keeps the trader aligned with the planned market narrative and risk framework. Trading Philosophy This indicator is built around: Market structure Liquidity behavior Premium vs. discount pricing Mean-reversion probability after expansion It supports traders in identifying where to trade, not when to trade, encouraging patience, confirmation, and proper risk management. Best Use Case Top-down analysis (D1 → H4 → H1) Confluence-based trade planning Educational chart sharing Manual execution with confirmation Important Notice This tool does not provide buy/sell signals, alerts, or automated trades. All levels are reference zones, not guarantees. Always apply your own confirmation and risk management.
Penunjuk Pine Script®
oleh Mentor_Michael03
Candle Close CounterThis indicator counts how many candles have closed above, below, or exactly at a user-defined price level starting from a specified time. It provides real-time statistics to help traders analyze price behavior around key levels. HOW IT WORKS: The indicator begins counting at your chosen start time and tracks each candle's closing price relative to your specified price level. It maintains running totals of candles that close above, below, and at the price level, displaying this information both in a chart label and a statistics table. PRACTICAL APPLICATIONS: 1. CONSOLIDATION ANALYSIS: Use this tool to identify and measure consolidation patterns by placing the price level at the midpoint of a trading range. A balanced count of candles closing above and below the midpoint suggests genuine consolidation with no directional bias. 2. RANGE MIDPOINT MONITORING: During consolidation phases, set the price level to the 50% retracement of the range midpoint between the high and low. Monitor how price interacts with this level over time. 3. SUPPORT/RESISTANCE VALIDATION: Place the price level at a key support or resistance zone and start counting from a significant market event (news release, session open, etc.). The distribution of closes helps validate whether the level is holding or weakening. 4. SESSION ANALYSIS: Set the start time to the beginning of a trading session (e.g., 9:30 AM ET for regular hours) and place the level at the opening price or previous day's close.
Penunjuk Pine Script®
oleh Fractaldactyl
Evil MACD Trading System (Pine Script v6)Indicator Overview The Evil MACD Trading System is an enhanced version of the classic MACD indicator, optimized for TradingView with Pine Script v6. It integrates trend filtering, volume confirmation, and precision signal positioning to reduce false signals and improve trading decision accuracy—distinguishing itself from the traditional 12/26/9 MACD by focusing on trend-aligned entries and exits. Core Logic & Features 1. Enhanced MACD Calculation Departing from the standard MACD parameters, this system uses customizable fast (default:14), slow (default:28), and signal (default:8) periods to adapt to different market volatility and asset types (stocks, futures, cryptos). The core DIF, DEA, and histogram are retained while optimized for better sensitivity to medium-term trends. 2. Trend Filtering Mechanism A 60-period EMA (adjustable) acts as the primary trend filter, ensuring buy signals only trigger in uptrends (price above EMA) and sell signals in downtrends (price below EMA). This avoids counter-trend trades and minimizes exposure to sideways market noise. 3. Volume Confirmation (Toggleable) The optional volume filter validates signals by requiring trading volume to exceed 120% of the 20-period average volume. This ensures entries/exits are supported by capital flow, reducing false breakouts/breakdowns. 4. Precision Signal Positioning Signals are overlaid directly on the price chart (not the subwindow) for intuitive price correlation. Buy signals (green upward triangles + "Buy" label) attach to the bottom of candlesticks, while sell signals (red downward triangles + "Sell" label) align with candlestick highs—adjustable offset parameters let users fine-tune signal proximity to price. Usage Guidelines - Buy Signal: Triggered when DIF crosses above DEA, price stays above the 60-period EMA, and volume (if enabled) meets the 120% threshold. - Sell Signal: Triggered when DIF crosses below DEA, price stays below the 60-period EMA, and volume (if enabled) meets the 120% threshold. - Customization: Adjust MACD periods, trend filter length, volume sensitivity, and signal offset to match your trading style (scalping, swing trading) and target assets. Compatibility & Notes Built for Pine Script v6 (latest TradingView version) with no syntax errors. The indicator supports all timeframes and asset classes. For best results, combine with additional technical tools (support/resistance, RSI) for multi-factor confirmation. Disable the volume filter in low-liquidity markets to avoid missing valid signals.
Penunjuk Pine Script®
oleh daves723