Naked Bar Upward ReversalAMEX: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 next open above the inside candle's close.
This is a bullish reversal pattern and should be used in this context. Successful entries are found in corrections along an upward trend, or buying into a dip. Performance drops when the pattern appears at tops. To improve profitability, use a cluster of evidence to enhance the performance of this pattern. The intended time frame is within the daily and weekly.
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How Old Is this Bull Run Getting? Check MA Test Bars SinceThere are many price-based techniques for anticipating the end of a move. However, the simple passage of time can also help because bull markets don’t last forever. While old age doesn’t necessarily cause investors to sell, a reversal becomes more likely the longer a trend lasts.
So, how long have prices been going up? There are various ways to measure that. Our earlier script, MA streak , offered one solution by counting the number of bars that a given moving average has been rising or falling.
Today’s script takes a different approach by counting the number of candles since price touched or crossed a given moving average. It tracks the 50-day simple moving average (SMA) by default. It can be adjusted to other types like exponential and weighted with the AvgType input.
In the chart above, Bars Since MA Test was adjusted to use the 200-day SMA. Viewing the S&P 500 with this study helps put the current market into context.
We can see that prices last touched the 200-day SMA 386 sessions ago (June 29, 2020). That’s relatively long based on history, but not unprecedented. For example, the indicator was at 407 in February 2018 as the market pulled back. It also hit 475 in October 2014 (following the breakout above 2007 highs).
Additionally, the S&P 500 is nearing the record of the 1990s bull market (393 candles on July 12, 1996).
Before that, you have to look all the way back to the 1950s, when it twice peaked at 627.
The conclusion? The current run without a test of the 200-day SMA is above average, but not yet record-setting. It may be interesting to watch as earnings season approaches and the Federal Reserve looks to tighten monetary policy.
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Price Action: Inside Bar BoxesThis script automatically draws rectangles around bars inside IB pattern.
Note :: because Pinescript does not allow changes to already drawn charts on historical bars, checkbox "show only last box" doesn't work for arrows
Positive Bars % StrategyBased on the calculations by ZenAndTheArtOfTrading. I added stop loss, take profit and reverse code lines.
The Positive Bars % calculates the number of green (positive) bars, relative to a look back period, defined
by the user. If the percentage is low, it means that there was a bigger number of red candles in the
lookback period. The strategy goes long when the percentage is high and short when it's low.
This logic can be reversed with positive results on different time frames.
Three Bar ReversalA three bar (3 bar) reversal strategy.
A down candles tick
The next candlestick has its low below the first candlestick and will be the lowest low of the pattern
The third candle closes above the middle candlestick
--> reverse logic for short
Green and Red Bar Difference - Intra Day Simple Indicator which plots the total of all green bars and red bars as the day progress. On a trending day there will be difference between the two lines , on a range bound day both the lines will be very close. If both the lines are far apart for some time but start moving towards each other it is a signaling end of the trend .
MTF Bars Back FunctionDesigning higher timeframe tools is challenging. Particularly when you want to apply the higher timeframe lookback to the viewing timeframe.
Here are the problems you run into when you want to use a higher timeframe input:
The output is a string.
On the daily, weekly, or monthly timeframes, the output of the input.resolution variable is "1D", "1W", and "1M".
The 1 minute, 1 day, 1 week, and 1 month timeframes all have an output of 1. Same for the 2m, 2d, 2w, 2m and so on.
I designed this function to automatically calculate the number of candles back that you would need to go back on the timeframe you're viewing to cover the lookback distance on the higher.
It checks if there's a letter on the end of the string and cuts it off, leaving just the number, then converts it from a string to a number.
From there it converts the viewing timeframe and higher timeframe into minutes, divides the two to determine their relationship to one another, then it multiplies the lookback distance of the higher timeframe with the factor and the output is the higher timeframe lookback distance converted into the equivalent bar count on the lower timeframe.
I tried to write it in a way that would make what the function does clear to coders and non-coders so it can be modified to suit your purpose. My initial use case was to us this as way of determining a lower timeframe offset for lines that were cast based on previous high timeframe bars. You could use it for any kind of MTF indicator where you want to know how many bars back you need on the low timeframe to achieve the higher timeframe equivalent. For example, if you wanted to create a multi-timeframe moving average, you would use the output as the length of the moving average.
I used a tuple output for the purpose of demonstration, but this can be reduced to a single relevant output.
Hope you find it useful. It's nice when you don't have to fight against multiple resolutions.
Let me know what you think. Is there a better way to go about it?
Trade well.
NSDT Heiken-Ashi Direction Bar MTFA simple script that places a bar at the bottom of the chart to indicate the direction of Heiken-Ashi candles - while still using traditional candles on the main chart. Try setting the bar on a higher timeframe to see the overall direction of the trend, while using traditional candles for entries/exits.
EMA Cross 9,21,50,80,200 + Inside barEste script faz o seguinte:
1. Plota 5 EMAs (9,21,50,80,200)
2. Faz crossover da 9x21 e 21x50
3. Colore inside bar em amarelo (é possível ainda colorir diferentemente bullish e bearish inside bar)
Past and Upcoming Forex and NYSE Start/End Bar HighlighterThis script highlights the start and end of past sessions and also for upcoming sessions of the current day. Additionally, the start/end bars of the current day can be marked with a text label.
Time zone parameters are available for all time parameters, so that local exchange times can be configured, without the need for manual time zone or daylight saving time (DST) adjustments. Tradingview’s internal time calculations take care of the conversion.
For ease of use, the script comes preconfigured with the start/end times of the Forex and NYSE trading sessions. If you need more highlighted bars, just add the script multiple times and adapt the configuration as needed.
Lookback Highlight BarSimple script to highlight a bar X bars in the past. Default lookback is 59 bars.
Double Inside BarsShows possible 4th bar movement direction based on 2 previous bars inside the 1st one
Divergent Bars[Salty]Updated an existing Divergent Bar script to be able to show all divergent bars. There are 2 set of divergent bars that can be turned on. The original one based on price and alligator lines, and a new second one that shows ALL divergent bars. The second set has lighter lines and colors to differentiate them from the filtered alligator divergent bars.
Trendy Bar Trend Color LiteLite version of the original Trendy Bar Trend Color
This will only color the candlestick body of your chart
Can be used with solid, hollow, renko, or any other chart type
Custom coloring for Highs, Lows, and consolidation is removed
Buy Any Bar By ChenycoBuys amount of shares by bars with specified amount of money (100$ for a month bar for example).
Including commissions.
Volume on bar VSA - signalЭтот индикатор сравнивает объем со средним его значением и обозначает бар в зависимости от того какой хвост на баре, бычий или медвежий.
В настройках можно задать сигнальную линию (чувствительность) для подкрашивания объемов, если он превышает эту линию. (на графике красная линия)
Сигнальная линия задаётся в процентах от среднего объема за указанный период.
Серым цветом показан средний объем.
Google translate.
This indicator compares the volume with its average value and designates a bar depending on which tail on the bar is bullish or bearish.
In the settings, you can set a signal line (sensitivity) for tinting volumes, if it exceeds this line. (red line on the chart)
The signal line is set as a percentage of the average volume for the specified period.
Gray indicates the average volume.
TKP RSI BAR COLORThis script was influenced by Scilentor's- "RSI Bar Colors / Scilentor". I improved upon the Idea by adding the ability to change the full range of RSI (Between 0 through 100) to any color you want within 5 point increments.
Traditional use of RSI is to use it as an "Overbought" and "Oversold" indicator. A more uncommon/unknown use, especially among new traders, is to use is as a "Momentum" indicator. I personally like to look for stocks where RSI>50
Default settings are set to color all bars red when below 50, and white when above 50, but try for your self setting different colors above 70, and below 30 to better see overbought and oversold conditions. I got a lot of requests for this script and I hope it helps you in your trading journey :-)
Higher High and Lower Low Bar CountThe importance of counting HH&LL is to find the possible extreme of the current leg and the potential reversal.
This script helps you count the number of bars which are constantly higher or lower than the previous ones.
I set the script to count from the first one, but only display the number from the third, in order to eliminate too much noise.
Note : I have loosened the criteria of HH and LL.
Let's take "higher high" as an example, I will count the number If the current bar's low is higher than the previous one's and its high is higher or equal to the previous one's , and vice versa.
If you prefer the strict definition of HH or LL, you can modify the code as you wish.
Big Bar DetectorYellow = Big Bar! (Trading is allowed)
Purple = Nothing special going on (No trading allowed)
BBD is meant to weed out all the little meaningless bars/candles that interfere with your trading.
BBD is not directionally biased, it only measures volatility.
Number Bars High/Low BreakoutThis indicator is a visual representation of the price swing indicator and can be seen used alongside it. If both indicators are set at the same input settings the Swing Highs will show when there is a break of the blue line (which indicates the high of the previous "X" number of bars) and the Swing Lows will show when there is a break of the red line (which indicates the low of the previous "X" number of bars)
