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Engulfings/DojiDescription of the Indicator: The "Engulfings/Doji" indicator, is designed to assist traders in identifying significant candlestick patterns on price charts. This indicator focuses on two primary candlestick patterns: Bullish Engulfing and Bearish Engulfing, as well as the Doji pattern. It provides valuable insights into potential price reversals or continuations. Here's how it works and how to use it: Concepts Underlying the Calculations: Bullish Engulfing and Bearish Engulfing Patterns: Bullish Engulfing patterns occur when a candle's open and close prices are lower than the previous candle's open and close, and the current candle completely engulfs the previous one. Bearish Engulfing patterns are the opposite, with the current candle's open and close prices higher than the previous candle's open and close, completely engulfing it. Doji Pattern: The indicator also detects Doji candles. A Doji is characterized by a small or nearly non-existent body, indicating uncertainty or market indecision. Time Filtering (Sig_Time): The indicator applies time-based filters to consider these patterns only during specific trading sessions or hours. This helps traders focus on more relevant signals during active market times. Higher Timeframe (HTF) Engulfing Patterns: Additionally, the indicator can display HTF (Higher Timeframe) Engulfing patterns on the current chart, allowing traders to identify stronger signals occurring on higher timeframes. How to Use the Indicator: The indicator identifies and visually represents Bullish Engulfing, Bearish Engulfing, and Doji patterns on the price chart. The colors of these patterns can be customized based on their significance and the time of occurrence. Traders can set a maximum allowable body size for Doji patterns using the "Doji's Max Body size" input. The "Show HTF Engulfings" input allows traders to display HTF Engulfing patterns on the chart. Traders can choose not to display Doji patterns on the 1-minute (M1) timeframe by enabling the "Don't display Doji on M1" option. Candlestick patterns and Doji signals are displayed with appropriate symbols and colors to help traders identify potential trading opportunities. The time-based filtering enhances the relevance of the signals presented by the indicator.
Penunjuk Pine Script®
oleh FYMDGLV
5
Enhanced BTC Order Block IndicatorThe script you provided is an "Enhanced BTC Order Block Indicator" written in Pine Script v5 for TradingView. It is designed to identify and visually mark Order Blocks (OBs) on a Bitcoin (BTC) price chart, specifically tailored for a high-frequency scalping strategy on the 5-minute (M5) timeframe. Order Blocks are key price zones where institutional traders are likely to have placed significant buy or sell orders, making them high-probability areas for reversals or continuations. The script incorporates customizable filters, visual indicators, and alert functionality to assist traders in executing the strategy outlined earlier. Key Features and Functionality Purpose: The indicator detects bullish Order Blocks (buy zones) and bearish Order Blocks (sell zones) based on a predefined percentage price movement (default 0.5–1%) and volume confirmation. It marks these zones on the chart with colored boxes and provides alerts when an OB is detected. User-Configurable Inputs: Price Move Range: minMovePercent (default 0.5%) and maxMovePercent (default 1.0%) define the acceptable price movement range for identifying OBs. Volume Threshold: volumeThreshold (default 1.5x average volume) ensures OB detection is backed by significant trading activity. Lookback Period: lookback (default 10 candles) determines how many previous candles are analyzed to find the last candle before a strong move. Wick/Body Option: useWick (default false) allows users to choose whether the OB zone is based on the candle’s wick or body. Colors: bullishOBColor (default green) and bearishOBColor (default red) set the visual appearance of OB boxes. Box Extension: boxExtension (default 100 bars) controls how far the OB box extends to the right on the chart. RSI Filter: useRSI (default true) enables an RSI filter, with rsiLength (default 14), rsiBullishThreshold (default 50), and rsiBearishThreshold (default 50) for trend confirmation. M15 Support/Resistance: useSR (default true) and srLookback (default 20) integrate M15 timeframe swing highs and lows for additional OB validation. Core Logic: Bullish OB Detection: Identifies a strong upward move (0.5–1%) with volume above the threshold. It then looks back to the last bearish candle before the move to define the OB zone. RSI > 50 and proximity to M15 support/resistance (optional) enhance confirmation. Bearish OB Detection: Identifies a strong downward move (0.5–1%) with volume confirmation, tracing back to the last bullish candle. RSI < 50 and M15 resistance proximity (optional) add validation. The OB zone is drawn as a rectangle from the high to low of the identified candle, extended rightward. Visual Output: Boxes: Uses box.new to draw OB zones, with left set to the previous bar (bar_index ), right extended by boxExtension, top and bottom defined by the OB’s high and low prices. Each box includes a text label ("Bullish OB" or "Bearish OB") and is semi-transparent. Colors distinguish between bullish (green) and bearish (red) OBs. Alerts: Global alertcondition definitions trigger notifications for "Bullish OB Detected" and "Bearish OB Detected" when the respective conditions are met, displaying the current close price in the message. Helper Functions: f_priceChangePercent: Calculates the percentage price change between open and close prices. isNearSR: Checks if the price is within 0.2% of M15 swing highs or lows for support/resistance confluence. How It Works The script runs on each candle, evaluating the current price action against the user-defined criteria. When a bullish or bearish move is detected (meeting the percentage, volume, RSI, and S/R conditions), it identifies the preceding candle to define the OB zone. The OB is then visualized on the chart, and an alert is triggered if configured in TradingView. Use Case This indicator is tailored for your BTC scalping strategy, where trades last 1–15 minutes targeting 0.3–0.5% gains. It helps traders spot institutional order zones on the M5 chart, confirmed by secondary M1 analysis, and integrates with your use of EMAs, RSI, and volume. The customizable settings allow adaptation to varying market conditions or personal preferences. Limitations The M15 S/R detection is simplified (using swing highs/lows), which may not always align perfectly with manual support/resistance levels. Alerts depend on TradingView’s alert system and require manual setup. Performance may vary with high volatility or low-volume periods, necessitating parameter adjustments.
Penunjuk Pine Script®
oleh RUmbro16
1
Range & Pct Change Table (Interactive)Indicator creates an interactive element that displays two key metrics for any selected candle: 1. Range - The difference between high and low prices (H-L) 2. Percentage Change - The percent change from open to close ((C-O)/O × 100) Key Features - Interactive Reference Point: Users can select any candle as a reference point using the time input - Customizable Table: The table can be shown/hidden and positioned in different chart locations This indicator is particularly useful for quickly analyzing the volatility (range) and directional movement (percentage change) of specific candles without having to manually calculate these values.
Penunjuk Pine Script®
oleh DeadCatCode
X HL RangeOverview: The X Range indicator is a multi-timeframe visualization tool designed to display the high and low price ranges of previous candles from higher timeframes (HTFs) directly on a lower timeframe chart. It helps traders identify significant price zones and potential support/resistance levels by visually representing the price range of up to three previous candles for each selected timeframe. Key Features: Multi-Timeframe Support: The indicator supports three configurable higher timeframes (default: 60 min, 15 min, 5 min) which can be independently toggled on or off. Custom Candle Range Display: For each enabled timeframe, users can choose to display the range of the most recent 1, 2, or 3 completed candles. Dynamic Box Drawing: Price ranges are highlighted using rectangular boxes that extend across the chart to show where the highs and lows of each selected HTF candle occurred. Custom Styling: Each timeframe's boxes can be individually styled with user-defined background and border colors to suit visual preferences or chart themes. Efficient Redrawing: Boxes update in real-time as new higher timeframe candles complete, and previous boxes are removed to prevent chart clutter. Use Case: This indicator is particularly useful for intraday traders who want to align entries and exits with higher timeframe levels. By visualizing previous HTF ranges on a lower timeframe chart, traders gain contextual awareness of where price is likely to react or consolidate, aiding in decision-making for breakouts, reversals, or trend continuation setups.
Penunjuk Pine Script®
oleh KinetiCapital
1
7 Inside Bars with Full Range Box (15m)his indicator detects periods of extreme price compression by identifying 7 consecutive inside bars on the 15-minute timeframe. An inside bar is a candle that forms within the high and low of the previous candle. When 7 such bars occur in a row, it's a strong signal of market indecision and potential breakout. What it does: Detects if the last 7 candles are all inside the range of the 8th candle (the outer bar). Highlights the consolidation zone by drawing a fuchsia-colored box from the high to low of the outer candle. Marks the final candle in the sequence with a small "7IN" label below the bar. This setup can help traders spot high-probability breakout zones and prepare for potential volatility after extended consolidation. 🔍 Best Used For: Breakout trading Volatility expansion strategies Trade setups following tight consolidation
Penunjuk Pine Script®
oleh kunaldaswani
1
Sell Signals EMA+SMAIndicator Overview: This indicator identifies sell signals based on candlestick patterns, volume conditions, and moving average confirmations. It also plots support and resistance levels based on pivot highs and pivot lows. You can configure different settings like pivot lengths, moving average periods, and candlestick pattern conditions for the sell signals. Configurable Settings: Pivot High Length: Defines the number of bars used to calculate the resistance levels (pivot highs). Pivot Low Length: Defines the number of bars used to calculate the support levels (pivot lows). Volume SMA Length: The period of the simple moving average (SMA) for volume. Used to filter signals based on high volume. Close SMA Length: The period of the simple moving average (SMA) for the close price. Used for confirmation of sell signals. Pin Bar High Ratio: The ratio for defining the size of the upper wick in a bearish pin bar. Pin Bar Low Ratio: The ratio for defining the size of the lower wick in a bearish pin bar. How It Works: Support and Resistance: The indicator plots red lines for resistance (pivot highs) and green lines for support (pivot lows). These levels are updated as new pivot points are detected based on the configured pivot lengths. Sell Signal Conditions: Candlestick Patterns: The indicator checks for two bearish patterns: Bearish Pin Bar: A candle with a large upper wick and small lower wick where the close is below the open. Bearish Engulfing: A candle where the current close is lower than the previous low, and the current open is higher than the previous high. Volume Condition: The volume must be above the configured simple moving average (SMA) of the volume. Confirmation: A sell signal is confirmed only when the price crosses below the configured SMA for the close price. Sell Signals: If all the conditions (candlestick pattern, volume, and confirmation) are met, the indicator will plot a red "Sell" label above the candle. Additionally, a blue triangle will appear above the candle to indicate that the sell signal has been confirmed. How to Use: Adjust the Settings: Open the settings of the indicator and adjust the parameters like pivot lengths, moving average periods, and candlestick pattern ratios based on your preferences. Identify Key Levels: Watch the red resistance and green support lines to identify key levels where price may reverse. Look for Sell Signals: When a red "Sell" label appears, it indicates a possible sell opportunity. Ensure that a blue triangle (confirmation) also appears to validate the sell signal. Manage Risk: Use the support and resistance levels along with the sell signals to define your entry, stop-loss, and take-profit levels. This indicator helps you identify potential bearish reversal points with configurable settings for added flexibility.
Penunjuk Pine Script®
oleh Arman2lo
Fibo Level DailyOverview The "Fibo Level Daily" strategy is designed for trading Bitcoin (BTC) using the 1-hour timeframe. This strategy relies on Fibonacci levels calculated from the previous day's range and determines entry and exit points based on whether the previous daily candle was bullish or bearish. How It Works Fibonacci Levels Calculation: The indicator calculates Fibonacci levels (0.8, 0.5, and 0.2) based on the high and low of the previous day. The levels are calculated as follows: 0.8: This level is calculated by multiplying the difference between the previous day's high and low by 0.8 and adding the result to the previous day's low. 0.5: This is the midpoint of the previous day's range. 0.2: This level is calculated by multiplying the difference between the previous day's high and low by 0.2 and adding the result to the previous day's low. Identifying the Previous Day's Trend: The indicator checks if the previous daily candle closed bullish (close greater than open) or bearish (close less than open). Setting Entry and Take Profit Levels: If the previous daily candle was bearish: Sell Entry: Wait for the price to rise to the 0.5 level (midpoint of the previous day's range) to enter a sell position. Take Profit: The profit target is set at the 0.2 level. If the previous daily candle was bullish: Buy Entry: Wait for the price to drop to the 0.5 level (midpoint of the previous day's range) to enter a buy position. Take Profit: The profit target is set at the 0.8 level. Visual Representation on the Chart: The indicator draws horizontal lines on the chart representing the Fibonacci levels (0.8, 0.5, and 0.2) from the previous day. These lines help visualize entry and exit points clearly. Additionally, the last 15 minutes of the daily session are highlighted with a light red background to indicate the session's end. Conditions of Use: Timeframe: This indicator is specifically designed for use on the 1-hour timeframe. Assets: While it can be used on any asset, it is optimized for trading Bitcoin (BTC). Steps to Use the Indicator Add the Indicator: Insert the "Fibo Level Daily" indicator script into your trading platform (such as TradingView). Select Timeframe: Change the chart timeframe to 1 hour. Interpret the Levels: Observe the horizontal lines drawn on the chart representing the Fibonacci levels. Identify whether the previous daily candle was bullish or bearish. Wait for the Entry Price: For a bearish previous daily candle: Wait for the price to rise to the 0.5 level to enter a sell position. For a bullish previous daily candle: Wait for the price to drop to the 0.5 level to enter a buy position. Set the Profit Target: For a sell: Set your profit target at the 0.2 level. For a buy: Set your profit target at the 0.8 level. Execute the Trade: Initiate the trade once the price reaches the entry level and set your take profit according to the identified trend from the previous day. Conclusion The "Fibo Level Daily" strategy provides a clear and precise methodology for identifying entry and exit points in Bitcoin using Fibonacci levels. By following this step-by-step guide, any trader can take advantage of market movements based on the previous day's price action, optimizing their trading opportunities on the 1-hour timeframe.
Penunjuk Pine Script®
oleh TradingConToto
Triple Digital Power this Pine Script that identifies a bearish candle with a body ratio of at least 55% that closes under the lowest point of a preceding bullish candle (also with a body ratio of at least 55%), you can follow the steps below. The body ratio is calculated as the absolute difference between the candle's open and close prices, divided by the range of the candle (high to low). This Pine Script will include: - Calculating the body ratio for each candle. - Identifying bullish and bearish candles based on the body ratio. - Checking if the closing price of a bearish candle is lower than the lowest price of the preceding bullish candle with the required body ratio. This script identifies the bearish candle that meets the criteria and marks it with a red triangle below the bar. It also optionally marks the qualifying bullish candles with a green triangle above the bar. This can help in visual analysis of the price chart to understand the pattern's occurrence within the given market conditions. Please note, the efficiency and accuracy of this script are dependent on the characteristics of the market and the specific timeframe you are analyzing. It's always a good idea to backtest any trading strategy or script in a controlled environment to understand its potential performance.
Penunjuk Pine Script®
oleh technomar
7
Bar Bodies [vnhilton]Note: Go to "Chart Settings" & hide "Body" & "Borders". Also uncheck "Labels on price scale" & "Values in status line" as they're not needed. This script plots candlestick bodies with the same thickness as the wicks (similar to the bar chart, but without the horizontal lines to represent the open & close). To do this, it plots an invisible candlestick body with an invisible candlestick border from the high to the close/open for a green/red candle respectively, & uses the low wick as the candlestick body itself by plotting it from the low price to the open/close for a green/red candle respectively. My personal use for this script is to use it in conjunction with TradingView's Periodic Volume Profile, in order to still see OHLC data without obstructing the candlesticks' volume profiles, as seen in the chart snapshot image above.
Penunjuk Pine Script®
oleh vnhilton
The Magic LineThis script is based on the simple 2 or 3 candle entry model taught by Armando "The Professor". This strategy will work best on the 1hr timeframe or higher and you can also add a MA on your chart to identify direction of trend and trade with the trend. For example, if price is above the 50 SMA, you can opt to only look for 'buy' signals. If price is below the 50 SMA, you can opt to only look for 'sell' signals. The default setting is to wait for 3 consecutive candles of either bullish or bearish sentiment before printing a buy or sell signal. This can be changed to any number you would like but typically 3 works best, as long as you're using the 1hr timeframe or higher. Ex: If there are 3 green (bullish) candles print in a row, a 'sell' signal will print, and the entry line will be one tick below the open of the previous green candle. You can use that line as your entry. For your stop loss, you can try to use the most recent swing high (for sells) or swing low (for buys). You can also use nearby support/resistance levels, or even the PSAR as another way to determine your stop loss. If there are more than 3 consecutive candles with the same sentiment, signals will continue to print until the streak ends at which point the counter will restart, and the idea is to take the most recent signal as your entry. Limit/Stop entries work best as you can just let price come down to the signal line that is drawn. Comment below if you have any questions! Good luck!
Penunjuk Pine Script®
oleh kisanghavi
ABC PatternThe indicator, named "ABC Pattern," is designed to identify specific bullish and bearish patterns on a price chart. Here's a simple explanation of what it does: What the Indicator Does: 1. Identifies Bullish Patterns: - The indicator looks for a sequence of candles where certain conditions are met to form a bullish pattern. - When it detects a bullish pattern, it colors the candle that occurred three periods ago in gold. 2. Identifies Bearish Patterns: - Similarly, it looks for a sequence of candles where certain conditions are met to form a bearish pattern. - When it detects a bearish pattern, it colors the candle that occurred three periods ago in pinkish. 3. Creates Alerts: - Whenever a bullish or bearish pattern is identified, the indicator generates an alert. - The alert message includes the type of pattern (bullish or bearish), the price level at the time of detection, and the date and time of the pattern formation. Detailed Conditions: - Bullish Pattern: - The current candle closes higher than it opened. - The previous candle also closes higher than it opened. - Two candles ago, the candle closed lower than it opened. - Three candles ago, the candle closed higher than it opened. - The highest price of two candles ago is below the current close. - The lowest price of three candles ago is above the close of two candles ago. - The highest price of three candles ago is below the current close. - Bearish Pattern: - The current candle closes lower than it opened. - The previous candle also closes lower than it opened. - Two candles ago, the candle closed higher than it opened. - Three candles ago, the candle closed lower than it opened. - The lowest price of two candles ago is above the current close. - The highest price of three candles ago is below the close of two candles ago. - The lowest price of three candles ago is above the current close. Visual Representation: - Gold Color: Indicates a detected bullish pattern. - Pinkish Color: Indicates a detected bearish pattern. Alerts: - Alert Message: "ABC Pattern has appeared!" - Detailed Alerts: Include the type of pattern, price level, and timestamp for better analysis and decision-making. This indicator helps traders visually and audibly detect potential bullish and bearish patterns on their charts, aiding in making more informed trading decisions.
Penunjuk Pine Script®
oleh anodrr2
Supply & DemandWe can think of imbalanced as a signal of a huge order being filled. For those who do not know what imbalanced candle are, an imbalanced candles are formed when the price move with force in a direction. Taking the last 3 candles, when the wicks the of 1st and 3rd candle does not fully overlap the middle one, an imbalanced candle is formed. Usually when a huge hands place its order it never gets filled entirely and the price usually comes back to this zone to fulfil the remaining order. This indicator highlight range defined by previous high and low pivot right before an imbalanced candle. Zones highlighted become zones to watch to enter a trade and become either supply or demand zone.
Penunjuk Pine Script®
oleh frozon
4
Edward PriceAction This is an updated version of my previous script, I have added a few extra Patterns and some patterns specs have chnaged over those specified by "Price Action Battle Station by theforexguy". Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the pattern finding calculations, for example Hammer and Shooting Stars are now special Pin Bars, they now must have preceding and succeeding confirm bars, so they do not occur very often. NOTE: All the identification of PA candles is disabled by default. Changes made in Version 2.0 : Added Forex Morning and Evening Stars (the centre small candle is not a specific color). Abbreviated text names for less cluttered look. Change minimum/maximum bar sizes to be a % of current ATR, rather than pips, this makes relative sizing independent on Time Frame, and make the script work better with non-currency assets like stocks and commodities . Change definition of Hammer and shooting Star so the the previous candle is part of a trend and is followed by a confirm candle. Added some precendence test to reduce multiple action labels. 版本注释: After some feedback from fellow traders I have made the following changes: Definition for Outside Bar now does not require the previous bar to be opposite Colour (this the same as Inside Bars), but added a requirement for minimum size ratio compared to previous Bar (set to 1.1 by default). If you require previous Bar to be opposite colour, you could use Engulfing candles with Outside Bar option enabled. Added Maximum size ratio requirement for Inside Bars (set to 0.9 by default). 版本注释: Minor Update. Added OverSized candle Pattern, the pattern is labelled when candle is some ratio (default 5) bigger than current ATR of chart time frame. Added Option to Change ATR Length. 版本注释: Patch Correct Polarity of Oversize Bar labelling. 中文解释： 价格行为交易，此指标能够显示出来K线所代表的意思，比如PB就是PINBAR的意思 就是倒锤头线，反转概率大于延续概率。 OB就是吞没的意思，不管是阴吞没还是阳吞没 我们根据PA入场就行，标准是回撤50%入场。而ODJI就是黄昏星，启明星的意思。 这个指标在添加的时候是空白的，需要人工去点设置，把需要使用的功能打上钩钩确认。这样就能够在图表上面显示出来了。 如果不希望显示彩色K线同样也可以设置哈！ 数值和样式都 可以设置，在不懂指标的前提下推荐使用默认设置。只负责打勾勾就行。确认后就能够看到图表上面显示的指标了。
Penunjuk Pine Script®
oleh HuaTengFund
3
By Traders For TradersThis is an updated version of my previous script, I have added a few extra Patterns and some patterns specs have chnaged over those specified by "Price Action Battle Station by theforexguy". Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the pattern finding calculations, for example Hammer and Shooting Stars are now special Pin Bars, they now must have preceding and succeeding confirm bars, so they do not occur very often. NOTE: All the identification of PA candles is disabled by default. Changes made in Version 2.0 : Added Forex Morning and Evening Stars (the centre small candle is not a specific color). Abbreviated text names for less cluttered look. Change minimum/maximum bar sizes to be a % of current ATR, rather than pips, this makes relative sizing independent on Time Frame, and make the script work better with non-currency assets like stocks and commodities . Change definition of Hammer and shooting Star so the the previous candle is part of a trend and is followed by a confirm candle. Added some precendence test to reduce multiple action labels. 版本注释: After some feedback from fellow traders I have made the following changes: Definition for Outside Bar now does not require the previous bar to be opposite Colour (this the same as Inside Bars), but added a requirement for minimum size ratio compared to previous Bar (set to 1.1 by default). If you require previous Bar to be opposite colour, you could use Engulfing candles with Outside Bar option enabled. Added Maximum size ratio requirement for Inside Bars (set to 0.9 by default). 版本注释: Minor Update. Added OverSized candle Pattern, the pattern is labelled when candle is some ratio (default 5) bigger than current ATR of chart time frame. Added Option to Change ATR Length. 版本注释: Patch Correct Polarity of Oversize Bar labelling.
Penunjuk Pine Script®
oleh HuaTengFund
TriplePower55%🔴 Bearish Candle (Losing Candle) 🔹 Definition: A candle that closes below the opening price. Important condition: the body of the candle must be ≥ 55% of the entire candle's range. It is automatically colored red on the platform. 🔹 Significance: Used to identify resistance levels or initiate the Triple Power analysis. The last valid bearish candle (with a body and that broke a bullish candle) is selected to draw Fibonacci levels. 🔹 How it's handled: When the price closes above the high of the bearish candle, an upward wave begins. The indicator draws a blue line at its high and a red line at its low, with the timeframe labeled (e.g., TF: M). 🟢 Bullish Candle (Winning Candle) 🔹 Definition: A candle that closes above the opening price. Its body must be ≥ 55% of the total candle's range. It is automatically colored green on the platform. 🔹 Significance: Used to identify support levels, or as a reference in extensions or pauses. The last closed bullish candle is used to draw extension targets if there’s no valid bearish candle. 🔹 How it's handled: If the price closes below the low of the monthly bullish candle, it signals the start of a strong downward trend. If the low is not broken, the movement is considered a temporary pause. The stop level is placed at the low of the last closed bullish candle.
Penunjuk Pine Script®
oleh Saeedcom
1
Inside Bars ITInside Bars IT Indicator The Inside Bars IT indicator is a powerful tool designed to identify Inside Bars and their extended patterns (InsideBar2) on any chart. An Inside Bar is a candlestick pattern where the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. This pattern often signals market consolidation and potential breakout opportunities. The indicator extends the concept of Inside Bars by introducing InsideBar2, which uses the high and low of the first Inside Bar as reference levels. Subsequent candles are classified as InsideBar2 if their high is less than or equal to the reference high and their low is greater than or equal to the reference low.
Penunjuk Pine Script®
oleh Ivantrubac
Gap Symbolized on ChartIndicator Description: Gap Analysis with Text Symbols This indicator analyzes the relationship between the current candle's open price, the previous candle's close price, and the current candle's close price to provide visual insights into price gaps and momentum. It displays text symbols (▼, ▲, ━) above each candle, color-coded to reflect the strength and direction of the gap. Key Features: Gap Analysis: Compares the current candle's open price with the previous candle's close price. Evaluates the current candle's close price relative to its open price. Text Symbols: ▼ (Down Arrow): Indicates a bearish movement. ▲ (Up Arrow): Indicates a bullish movement. ━ (Dash): Indicates a neutral or sideways movement. Color Coding: Red: Bearish conditions (e.g., price opening lower than the previous close and closing lower than the open). Orange: Mild bearish or bullish conditions. Blue: Bullish conditions (e.g., price opening higher than the previous close and closing higher than the open). Navy: Strong bullish conditions. Transparent Background: The text symbols are displayed without any background shape, ensuring they do not obstruct the chart. Use Cases: Identify Gaps: Quickly spot gaps between the previous close and the current open. Momentum Analysis: Assess the strength and direction of price movements. Visual Clarity: The minimalist design (text symbols only) keeps the chart clean and easy to interpret. How to Use: Add the indicator to your chart. Observe the text symbols above each candle: Red ▼: Strong bearish momentum. Blue ▲: Strong bullish momentum. ━: Neutral or consolidation phase. Use the insights to confirm trends, spot reversals, or identify potential entry/exit points.
Penunjuk Pine Script®
oleh HamdollahRezazadeh
EMA with Bar Count --- ### **Key Features and Functionalities** #### 1. **Multi-Timeframe Exponential Moving Averages (EMA)** - The script calculates and plots EMAs for various timeframes (e.g., 1 minute, 5 minutes, 60 minutes, daily, and custom intervals). - Users can customize the length and resolution of each EMA using inputs. - Different colors are assigned to each EMA for easy identification on the chart. #### 2. **Background Coloring** - Optional background coloring (`bgcolor`) indicates whether the current price is above or below the 1-hour 20 EMA. - Green indicates the price is above, and red indicates the price is below the EMA. #### 3. **Bar Count Labeling** - The script tracks bar counts and displays labels at specific intervals (e.g., every 3 bars). - Label size and text color can be customized through user inputs. #### 4. **Inside and Outside Bar Detection** - Detects and highlights "Inside Bars" and "Outside Bars" on the chart. - **Inside Bar**: The current bar's high and low are within the previous bar's range. - **Outside Bar**: The current bar's range exceeds the previous bar's range. - These patterns are marked with shapes for visual identification. #### 5. **Bullish/Bearish Candle Streaks** - Identifies and marks streaks of three consecutive bullish or bearish candles. - **Bullish Streaks**: Marked with green shapes above the bar. - **Bearish Streaks**: Marked with red shapes above the bar. #### 6. **Time-Based Marking** - The script includes an option to highlight specific time intervals (e.g., 7:30 AM) with a colored vertical line or background shading. - Configurable time inputs allow flexibility. #### 7. **Micro Gap Detection** - Highlights gaps between the opening price of the current bar and the closing price of the previous bar. - Blue shapes indicate bullish gaps. - Purple shapes indicate bearish gaps. #### 8. **TR (Trading Range) Detection** - Identifies bars with significant overlap based on a user-defined threshold. - Displays "TR" labels when overlap conditions are met. #### 9. **Bar Coloring** - Optionally colors bars based on specific conditions: - Green: Bullish breakout (high and low higher than the previous bar, closing above the midpoint). - Red: Bearish breakout (high and low lower than the previous bar, closing below the midpoint). #### 10. **50% Midpoint Line** - Displays a horizontal line at the 50% midpoint of the bar's range, customizable for the current or last bar only. #### 11. **Pattern Detection** - Recognizes specific candlestick patterns (e.g., IOI, OII, IOO). - Provides alerts for detected patterns or predefined thresholds. #### 12. **Alerts** - Configurable alerts for: - Specific patterns (e.g., IOI, OII, IOO). - Bar range exceeding a user-defined threshold. - Bullish or bearish streaks. #### 13. **Gap Detector** - Identifies gaps between bars and marks them with shaded boxes. - Bullish gaps are shaded green, while bearish gaps are shaded red. #### 14. **Advanced Customization** - Extensive user inputs allow traders to tailor the indicator to their trading style. - Includes support for various levels of detail (e.g., debug mode, label visibility, etc.). #### 15. **ZigZag and Wedge Patterns** - Optional zigzag lines to connect swing highs and lows. - Detects wedge patterns using customizable settings for pivot points and angle differences. --- ### **Use Case Scenarios** 1. **Trend Identification**: Use multi-timeframe EMAs to confirm overall market direction. 2. **Range Trading**: Trade within ranges using detected inside and outside bars as key levels. 3. **Breakout Trading**: Use patterns like IOI and OII to anticipate breakouts. 4. **Scalping**: Exploit bullish and bearish streaks or micro gaps for quick trades. 5. **Pattern-Based Alerts**: Set up alerts for specific market conditions or candlestick patterns. ### **Why This Indicator Is Useful** - Combines multiple trading tools into a single, customizable script. - Saves time by automating complex calculations and pattern detections. - Improves decision-making with clear visual cues and configurable alerts. Let me know if you'd like any additional explanations or adjustments!
Penunjuk Pine Script®
oleh Aimeeeee
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