Three Inside Down automatic finding scriptHi
Let me introduce my Three Inside Down automatic finding script.
This is a three candlestick bearish reversal pattern consisting of a bearish
harami pattern formed by the first 2 candlesticks then followed by down
candlestick with a lower close than the prior candlestick.
This pattern marked as yellow.
Cari dalam skrip untuk "candle"
Three Inside Up automatic finding scriptHi
Let me introduce my Three Inside Up automatic finding script.
This is a three candlestick bullish reversal pattern consisting of a
bullish harami pattern formed by the first 2 candlesticks then followed
by up candlestick with a higher close than the prior candlestick.
This pattern marked as yellow.
VWAP & Breakout Volume ConfirmHow the TradingView Indicator Works (Explained Simply)
VWAP Line (Orange)
It plots the Volume Weighted Average Price for the day.
Price above VWAP = bullish zone
Price below VWAP = bearish zone
Volume Spike Detection (Red Triangle)
It calculates the average volume over the last 20 candles.
If the current volume is 1.5× that average, it plots a red triangle under the candle.
Helps confirm if a move has real momentum or not.
Breakout Confirmation (Green Label ‘BO’)
Checks if price breaks above the last 10-bar high (for upside breakout) or below the last 10-bar low (for downside breakout).
If a breakout happens and the volume spike is present, it plots a green “BO” label above the candle.
This tells you the breakout is strong and likely to follow through.
Breakout Swing High LowThis open-source indicator identifies swing high and swing low breakouts, providing clear visual signals for potential trend entries. It is designed for traders who use price action to spot breakout opportunities in trending markets.
How It Works
Swing Detection: The indicator uses a user-defined lookback period (default: 4 candles) to identify swing highs (peaks) and swing lows (troughs). A swing high is confirmed when a candle's high is higher than the surrounding candles, and a swing low is confirmed when a candle's low is lower.
Breakout Signals: A green triangle below the candle signals a breakout above the most recent swing high, indicating a potential buy opportunity. A red triangle above the candle signals a breakout below the most recent swing low, indicating a potential sell opportunity. Each swing level triggers only one breakout signal to avoid clutter.
Visualization: Swing high levels are drawn as green dashed lines, and swing low levels as red dashed lines, extending 15 candles for clarity. Breakout signals are marked with small triangles.
How to Use
Apply the Indicator: Add the indicator to your TradingView chart.
Adjust Lookback: Set the "Lookback Candles" input (default: 4) to control the sensitivity of swing detection. Smaller values detect shorter-term swings, while larger values identify more significant levels.
Interpret Signals:
Green triangle (below candle): Consider a buy opportunity when price breaks above a swing high.
Red triangle (above candle): Consider a sell opportunity when price breaks below a swing low.
Combine with Other Tools: Use in conjunction with trend indicators (e.g., 50-period EMA) or support/resistance levels to filter signals in trending markets.
Timeframes: Works best on higher timeframes (e.g., 1H, 4H) in trending markets to avoid false breakouts in sideways conditions.
OA - Price Magnet Zones Price Magnet Zones Indicator
Overview
The Price Magnet Zones indicator identifies special price levels that have a high statistical probability of being revisited by price in the future.
It works by detecting candles with specific formation characteristics - those without top or bottom wicks - which often signify important market levels that price tends to return to.
Key Features
Automated Detection: Identifies special candle formations automatically and draws horizontal lines at these levels
Dynamic Management Removes lines once price touches them or when they exceed the lookback period
Statistical Analysis: Tracks touch rates and average time until price returns to these levels
Clean Visual Interface: Shows only untouched levels for a clear chart view
How It Works
The indicator detects two specific types of candle formations:
Bullish Levels: Candles with no bottom wick (open = low) that close higher
Bearish Levels: Candles with no top wick (open = high) that close lowe
These formations often represent hidden liquidity zones or order blocks where price tends to return. The indicator draws horizontal lines at these levels and tracks whether price revisits them.
Statistics Tracking
The indicator maintains comprehensive statistics about the detected levels:
Total Levels: Number of bullish, bearish, and total levels detected
Touched Levels: Number of levels that price has returned to touch
Touch Rate: Percentage of levels that have been touched by price
Average Touch Time: Average number of bars until price touches each level type
Trading Applications
These hidden levels can be valuable for:
Identifying potential support and resistance zones
Finding entry and exit points for trades
Setting stop loss levels
Determining price targets
Confirming other technical signals
Settings
Max Bars to Track: Maximum number of bars to keep tracking a level (default: 500)
Line Thickness: Visual thickness of the horizontal lines (1-4)
Line Color: Color of the horizontal lines
Min Candles Before Check: Number of candles to wait before including touches in statistics (default: 3)
Show Statistics: Toggle statistics table display
Usage Tips
The statistics only count touches that occur after the specified minimum number of candles have passed, providing more meaningful data
Higher touch rates indicate stronger magnetic properties of these levels
The average touch time can help with timing expectations for trades
These levels work across various timeframes and markets
For best results, use alongside other technical analysis tools
This indicator does not provide trading signals but offers valuable insights into hidden market structure that can enhance your trading strategy.
Sunil Spinning Top IndicatorThe spinning top is single candlestick pattern can be used as a reversal pattern.
Long Entry ->
If formed near the support go long on the next candle crossing over the high of the spinning top candle.
Stop Loss = Low of the Spinning Top Candle
If formed near the Resistance go short on the next candle crossing under the low of the spinning top candle.
Stop Loss = High of the Spinning Top Candle
Back test and give your feedback.
All Divergences with trend / SL - Uncle SamThanks to the main inspiration behind this strategy and the hard work of:
"Divergence for many indicators v4 by LonesomeTheBlue"
The "All Divergence" strategy is a versatile approach for identifying and acting upon various divergences in the market. Divergences occur when price and an indicator move in opposite directions, often signaling potential reversals. This strategy incorporates both regular and hidden divergences across multiple indicators (MACD, Stochastics, CCI, etc.) for a comprehensive analysis.
Key Features:
Comprehensive Divergence Analysis: The strategy scans for regular and hidden divergences across a variety of indicators, increasing the probability of identifying potential trade setups.
Trend Filter: To enhance accuracy, a moving average (MA) trend filter is integrated. This ensures trades align with the overall market trend, reducing the risk of false signals.
Customizable Risk Management: Users can adjust parameters for long/short stop-loss and take-profit levels to match their individual risk tolerance.
Additional Risk Management (Optional): An experimental MA-based risk management feature can be enabled to close positions if the market shows consecutive closes against the trend.
Clear Visuals: The script plots pivot points, divergence lines, and stop-loss levels on the chart for easy reference.
Strategy Settings (Defaults):
Enable Long/Short Strategy: True
Long/Short Stop Loss %: 2%
Long/Short Take Profit %: 5%
Enable MA Trend: True
MA Type: HMA (Hull Moving Average)
MA Length: 500
Use MA Risk Management: False (Experimental)
MA Risk Exit Candles: 2 (If enabled)
Pivot Period: 9
Source for Pivot Points: Close
Backtest Details (Example):
The strategy has been backtested on XAUUSD 1H (Goold/USD 1 hour timeframe) with a starting capital of $1,000. The backtest period covers around 2 years. A commission of 0.02% per trade and a 0.1% slippage per trade were factored in to simulate real-world trading costs.
Disclaimer:
This strategy is for educational and informational purposes only. Backtested results are not indicative of future performance. Use this strategy at your own risk. Always conduct your own analysis and consider consulting a financial professional before making any trading decisions.
Important Notes:
The default settings are a good starting point, but feel free to experiment to find optimal parameters for your specific trading style and market.
The MA-based risk management is an experimental feature. Use it with caution and thoroughly test it before deploying in live trading.
Backtest results can vary depending on the market, timeframe, and specific settings used. Always consider slippage and commission fees when evaluating a strategy's potential profitability.
Day of the Week LabelOverview:
The "Day of the Week Label Indicator" is a simple yet powerful tool designed for traders and analysts who use TradingView for chart analysis. This indicator adds a clear visual cue to your charts by displaying the first letter of each day of the week directly above the corresponding candlestick. With this indicator, you can easily identify the day of the week at a glance without cluttering your chart.
Key Features:
Day Identification: Marks each candle with the first letter of the corresponding day of the week (e.g., "M" for Monday, "T" for Tuesday, and so on), providing immediate day recognition.
Color-Coded Labels: Each day is color-coded for better visibility and quick identification. Sundays and Saturdays are distinguished from the trading week, making it easier to spot the beginning and end of the trading week.
Overlay Design: As an overlay, this indicator seamlessly integrates with your existing chart setup, enhancing your analysis without interfering with other technical indicators or chart elements.
Benefits:
Enhanced Chart Analysis: Quickly discern patterns or trends that may be specific to certain days of the week, aiding in the refinement of trading strategies.
Time Management: Helps in planning trading activities or analysis by visually highlighting the days directly on the chart.
User-Friendly: Simple and non-intrusive, this indicator is designed to complement your chart without overwhelming it with information.
How to Use:
Simply add the "Day of the Week Label Indicator" to your chart, and the first letter of each day will automatically appear above the corresponding candlestick. No additional configuration is required, making it suitable for both novice and experienced traders.
Whether you're conducting a detailed market analysis, looking for day-specific patterns, or simply want a clearer visual representation of the time on your charts, this indicator is an essential addition to your TradingView toolkit.
Because Wicks Dont Lie" Because Wicks Don't Lie " is a specialized indicator designed to assist traders in identifying and visualizing significant candle wicks on any timeframe. Wicks, often referred to as Liquidity Targets, are areas that almost always get filled by price at some point. They can help map out the trajectory of price movement, acting as a magnet, drawing the price towards them. Recognizing these wicks can provide invaluable insights into potential trading opportunities and market sentiment.
We are looking for Candles with LONG Wick and TINY Candle Body! Only those types of Wicks have (according to my experience and backtesting) a 100% chance to get filled in the future.
Features:
Wick Visualization:
The script highlights significant bullish (blue) and bearish (red) wicks that meet specific criteria, helping you quickly spot potential trading opportunities.
VWAP Bands for Filtering Extremes:
The VWAP bands are incorporated to filter out wicks created at extreme price points. By ensuring that wicks are within a user-defined percentage of the VWAP (Volume Weighted Average Price), traders can avoid targeting extreme wicks that might take a longer time to get filled, thus enhancing the efficacy of strategies that trade towards wicks.
Alerts:
Traders can set alerts for when a significant bullish or bearish wick is detected, ensuring they never miss potential setups.
Usage:
Once applied to your chart, the script will automatically scan for significant wicks and display them with blue (bullish) and red (bearish) markers. By adjusting the script settings, users can customize the VWAP band percentage to fine-tune the filtering of extreme wicks.
Conclusion:
Wicks often contain valuable information about market sentiment, rejection of price levels, and potential future price direction. By acting as liquidity targets, they serve as indications of where the price is likely to move. "Because Wicks Don't Lie" simplifies the process of identifying these crucial candle formations and, with the inclusion of the VWAP bands, ensures that traders can prioritize the most actionable wicks while avoiding extreme outliers.
Input Fields:
Average Candle Size Multiplier:
This parameter allows users to adjust the base size of what the script considers as a significant wick. By multiplying the average size of candles over the last 4998 bars, users can fine-tune the script to detect only wicks of a certain prominence. A higher value will mean that only larger wicks (relative to recent price action) will be considered significant.
Wick Ratio (Wick Proportion Threshold):
This ratio helps determine the proportion of the wick to the entire candle for it to be considered significant. A higher ratio means that the wick must be a larger part of the total candle size to be marked as significant. It's an essential parameter to differentiate between candles with tiny wicks and those with substantial wicks which might offer trading opportunities.
Custom Arrow IndicatorBuy and sell signals based on activity. If current candle is at least 3 times previous candle you will get an buy or sell signal depending on bearish or bullish candle. other filters are in place such as signal candle must close/above previous candle. top wick of bullish candle must not be more than 3% of body range and vice versa for bearish candle.
WR - BC IdentifierThis indicator is created for user to identify BIG CANDLE "BC" in order to identify momentum in the chart.
Big candle is identify by size of the body candle (body size = |open - close|). The script will compare previous size of 20 candles and will plot "BC" if the body size candles is bigger compared to 20 body candles before.
"BC" in Green color = Bullish Big Candle
"BC" in Red color = Bearish Big Candle
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.
Wick Ratio IndicatorScript Description: Wick Ratio Indicator
This Pine Script indicator identifies candlesticks with dominant upper or lower wicks and visually marks them on the chart. It helps traders spot potential price rejection signals, often used to anticipate trend reversals or breakout opportunities. Key Features
Wick Length Calculation
Upper Wick: high - max(open, close)
(Measures distance from the highest price to the candle body's top)
Lower Wick: min(open, close) - low
(Measures distance from the candle body's bottom to the lowest price)
Comparison Logic
Green Triangle (▲): Plotted above the candle when the upper wick is longer (bearish rejection signal).
Red Triangle (▼): Plotted below the candle when the lower wick is longer (bullish rejection signal).
Visual Simplicity
Non-intrusive design that overlays directly on price action.
Customizable colors and sizes (modifiable in settings).
Exact High/Low IndicatorThis indicator identifies exact equal highs and lows between consecutive candles. If the current candle’s high matches the previous candle’s high (or low matches low), an arrow is plotted on the chart. The arrows disappear if any future candle break the identified high/low, thereby indicating that it is not an unmitigated liquidity pool any longer
Customizable options include:
Arrow size and color
Line thickness and color
Enable/disable plotting of arrows and lines
Offset the arrow so there is space between arrow and candle
Autonomous 5-Minute RobotKey Components of the Strategy:
Trend Detection:
A 50-period simple moving average (SMA) is used to define the market trend. If the current close is above the SMA, the market is considered to be in an uptrend (bullish), and if it's below, it's considered a downtrend (bearish).
The strategy also looks at the trend over the last 30 minutes (6 candles in a 5-minute chart). The strategy compares the previous close with the current close to detect an uptrend or downtrend.
Volume Analysis:
The strategy calculates buyVolume and sellVolume based on price movement within each candle.
The condition for entering a long position is when the market is in an uptrend, and the buy volume is greater than the sell volume.
The condition for entering a short position is when the market is in a downtrend, and the sell volume is greater than the buy volume.
Trade Execution:
The strategy enters a long position when the trend is up and the buy volume is higher than the sell volume.
The strategy enters a short position when the trend is down and the sell volume is higher than the buy volume.
Positions are closed based on stop-loss and take-profit conditions.
Stop-loss is set at 3% below the entry price.
Take-profit is set at 29% above the entry price.
Exit Conditions:
Long trades will be closed if the price falls 3% below the entry price or rises 29% above the entry price.
Short trades will be closed if the price rises 3% above the entry price or falls 29% below the entry price.
Visuals:
The SMA (50-period) is plotted on the chart to show the trend.
Buy and sell signals are marked with labels on the chart for easy identification.
With this being said this algo is still being worked on to be autonomous
Analyze the Market Direction: Determine whether the market is in an uptrend or downtrend over the past 30 minutes (using the last 6 candles in a 5-minute chart).
Use Trend Indicators and Volume: Implement trend-following indicators like moving averages or the SMA/EMA crossover and consider volume to decide when to enter or exit a trade.
Enter and Exit Trades: The robot will enter long positions when the trend is up and short positions when the trend is down. Additionally, it will close positions based on volume signals and price action (e.g., volume spikes, price reversals).
Smart Wick Concept (SWC)Smart Wick Concept (SWC)
The Smart Wick Concept (SWC) is a unique trend-following strategy designed to capture precise entry points in trending markets. This indicator identifies trade opportunities based on higher timeframe trends and wick behavior on lower timeframes, making it an effective tool for intraday and swing traders.
Key Features:
Trend Identification:
SWC uses the H1 timeframe to define the primary market trend (bullish or bearish), ensuring alignment with the overall market direction.
Precise Entry Signals:
Entry opportunities are generated on the M15 timeframe when a candle's wick interacts with the prior candle's range. This approach minimizes false signals and enhances accuracy.
Stop Loss and Take Profit Levels:
The indicator automatically calculates suggested stop loss and take profit levels based on market dynamics, providing traders with a clear risk-reward framework.
Customizable Parameters:
SWC allows traders to adjust key settings, such as the higher timeframe and minimum trend range, to align with their trading preferences and market conditions.
How It Works:
Bullish Entry:
Higher timeframe trend must be bullish.
A M15 candle must dip below the previous candle’s low and close back above it, signaling a potential buy opportunity.
Bearish Entry:
Higher timeframe trend must be bearish.
A M15 candle must exceed the previous candle’s high and close back below it, signaling a potential sell opportunity.
Risk Management:
Stop loss is placed at the low (for buys) or high (for sells) of the current M15 candle.
Take profit targets are calculated at twice the risk, ensuring a favorable risk-reward ratio.
Benefits:
Aligns trades with market momentum.
Reduces noise by filtering out weak or sideways trends.
Provides a structured approach to trading XAUUSD and other volatile instruments.
Use Cases:
The Smart Wick Concept is ideal for traders looking for a disciplined and data-driven approach to trading. While it is optimized for XAUUSD, it can also be applied to other trending markets such as major currency pairs or indices with some parameter adjustments.
Disclaimer:
This indicator is a trading tool and should not be used as a standalone strategy. Always backtest the indicator thoroughly and use proper risk management to protect your capital. Past performance does not guarantee future results.
3AM EST CRT Indicator3AM EST Candle Range Theory Indicator
The 3AM EST Candle Range Theory Indicator is designed to highlight a crucial period in the trading day for Forex and other markets that operate 24/7. This indicator focuses on the 3AM EST candle, which represents the early hours of the U.S. market morning and the midpoint of the European trading session. During this period, volatility often picks up, and the 3AM candle can serve as a powerful reference point for price action throughout the day.
Key Features of the Indicator
3AM Candle Highlighting: The 3AM candle is automatically highlighted in blue, making it easy to spot on the chart. This helps traders quickly identify this pivotal candle without manually searching for it.
Range Lines: The high and low of the 3AM candle are marked by black lines extending across the day. These levels often act as support and resistance, influencing price movement throughout the trading session. Observing how the price interacts with these levels can provide insights into potential breakouts, reversals, or consolidations.
Labels: The high of the 3AM candle is labeled as "3am CRH" (Candle Range High) and the low as "3am CRL" (Candle Range Low). These labels serve as visual cues for traders, reinforcing the importance of these levels on the chart.
How to Use the 3AM EST Candle Range Indicator
Support and Resistance: The high and low of the 3AM candle often serve as strong intraday support and resistance levels. Traders can observe if the price respects or breaks these levels to make decisions about potential entries and exits.
Breakout Trading: If the price breaks above the 3am high (CRH), it can signal bullish momentum, especially when accompanied by increased volume. Conversely, a break below the 3am low (CRL) may indicate bearish momentum. These breakouts can provide potential trade opportunities.
Reversals and Continuations: Often, price will test and reject one of these levels, creating an opportunity for reversal trades. If the price re-enters the 3AM candle range after breaking out, it could signal a potential continuation back into the original trend.
Session Range Guidance: Since the 3AM candle encapsulates both the early U.S. and active European sessions, it often provides a strong reference for the range and sentiment in the early trading hours. The 3AM range can give a sense of market direction and volatility for the day.
Benefits
Clear Visual Cues: The blue candle highlight, black lines, and labels make this indicator visually intuitive and easy to understand at a glance.
Useful Across Market Conditions: Whether markets are trending or ranging, the 3AM high and low can serve as reliable reference points for intraday support and resistance.
Applicable to Various Strategies: This indicator can enhance a variety of trading strategies, including breakout, range trading, and trend-following.
Summary
The 3AM EST Candle Range Theory Indicator provides traders with a reliable way to gauge intraday price levels based on the 3AM EST candle. By observing how the price interacts with the high and low of this candle, traders can gain insights into potential support, resistance, and breakout points. This can be particularly useful for short-term traders looking to capitalize on intraday volatility or longer-term traders seeking reference points for daily price action analysis.
Tapak 20RThis strategy originally developed by Jatrader. Kudos to him for giving me chance to develop this indicator.
This script should be use Light Crude Oil Futures 20 Range chart. (This strategy only proven for 20R range chart, Crude Oil.)
How it works?
If current 20R candle is closed green, the closing value must be higher than previous candle to take long position.
If not, it stays as previous direction.
If current candle is closed red, the closing value must be lower than previous candle to take short position.
If not, it stays as previous direction.
How to use this indicator?
1. First, determine the stoploss point from high or low candle.(if current candle is green, stoploss is set higher than high candle and vice versa)
2. Determine how many tick you want to allowed for stoploss, how much profit (ticks) you want to achieve.
3. Determine the color and thickness of each line.
The table will display all value involved with this strategy such as entry value, stoploss value and target profit value.
Please kept in mind that, this is scalping strategy. So, the recommended target profit should be around 10 - 20 ticks.
Thank you.
Length True Range BarColorOverview
The indicator prints different colors on the candles for pre-determined amplitudes in relation to the simple moving average over the average true range.
Calculations
The indicated value of the simple moving average in relation to the average true range is being used to restrict the color of the candle signal to its pre-determined amplitude.
How It Works
Supposing you have a strategy where there is a need to determine the size of the acceptable signal bar in relation to the average true range, as well as size your stop and target through this range. In summary, coloring based on the size of the amplitude due to the average of the ATR, provides the ease of identifying weak signals, where there will possibly not be a sequence of movement, or identifying stretched signals where it will possibly provide a correction movement. This way you can determine an ideal size range for your input signal. Ex: Color candle signal with size of ( Candle => 2* the SMA (ATR) and <= 3* the SMA (ATR).
Inputs
Valores
Period: To determine the length of the ATR
SMA: To determine the length of the Simple Moving Average
LengthMin: Minimum amplitude size factor
LengthMax: Maximum amplitude size factor
Traço: Coloring ATR
SMA: Coloring SMA
Traço: Coloring TR
Bar Color: Coloring candle Sing
Note 1
The values of ATR, SMA and TR will normally be shown in the indicator header for a dynamic visualization of the values, and possible exceptions for candles signals outside the initially proposed factor can be compared.
Note 2
Codes made available in the PINE language reference manual were used to develop the indicator, therefore it is a practical code for trend following setup strategies not available in the community.
Dual Moving Average with DotsOverview:
The Dual Moving Average with Dots is a powerful technical analysis tool designed to assist traders in identifying potential trend reversals and confirming trend strength. This indicator combines the simplicity of dual moving averages with visual markers in the form of dots above candles, providing clear signals for both trend following and reversal opportunities.
Key Features:
Dual Moving Averages:
Choose between Simple Moving Average (SMA) and Exponential Moving Average (EMA) for two distinct moving averages.
Customize the source for each moving average, including options such as open, close, high, low, and more.
Adjust the periods for both moving averages to suit your trading preferences.
Visual Signals:
Green Dot: A green triangle-up dot appears above candles where the closing price is greater than both selected moving averages. This signals potential bullish strength and trend continuation.
Red Dot: A red triangle-down dot appears above candles where the closing price is lower than either of the selected moving averages. This signals potential bearish weakness and trend reversal.
Flexible Configuration:
Tailor the indicator to your trading strategy by adjusting parameters such as moving average type, source, and period for each average.
Gain insights into market dynamics by visually interpreting the relationship between closing prices and moving averages.
How to Use:
Trend Confirmation:
Confirm a bullish trend when the green dot appears above a candle, suggesting that the closing price is above both moving averages.
Confirm a bearish trend when the red dot appears above a candle, suggesting that the closing price is below either of the moving averages.
Reversal Signals:
Watch for potential trend reversals when red dots appear, signaling that the closing price is below one of the moving averages.
Customization for Strategy:
Experiment with different combinations of moving average types, sources, and periods to align the indicator with your unique trading strategy.
Usage Tips:
Combine the Dual Moving Average with Dots with other technical indicators for comprehensive market analysis.
Look for confluence with support/resistance levels or chart patterns to enhance the robustness of your trading decisions.
Sniper Perrón V3: Volumen Mogalef, Fechas y Velas de Colores🚀 Sniper Perrón V3: Featuring Mogalef Volume, Dates, and Color Candles 🚀
A complete script that combines technical analysis with Mogalef volume, colored candles, and visual alerts for buy, sell, and caution signals. Includes EMA’s (8 and 21), trend lines, and structure bands to identify rebounds, trends, and breakouts with precision.
✅ Mogalef Volume
✅ Candlestick Analysis
✅ Buy/Sell alerts with motivational messages
✅ Automatic date labels on the chart
✅ EMA’s for sniper trading
Perfect for traders who want to fine-tune their entries and exits with clear confirmations and a compadre-style approach. Let’s go for everything!
#TradingView #MogalefVolume #EMA8and21 #ColoredCandles #SniperTrading
Bearish Highs & Bullish Lows (Untouched Levels)As the indicator-name already states:
This indicator draws rays from every untouched high of a bear candle and every untouched low of a bull candle.
Levels which are touched are deleted, not on touch, but on the start of the new candle.
NakInvest - 123 (Bullish & Bearish U-Pattern)📘 Description: U-Shape 123 (Bullish & Bearish Identifier)
This indicator helps you identify the 123 reversal pattern, a powerful yet simple price action setup taught by renowned Brazilian trader Stormer.
I learned this pattern from Lucas Nakata, founder of NakInvest, who was a student of Stormer. Stormer has popularized and refined this setup in the Brazilian trading community, especially for identifying U-shaped reversals that precede strong directional moves.
⸻
🔎 What is the 123 Pattern?
The 123 pattern is a 3-candle formation used to spot bullish or bearish reversals. It forms a “U” or inverted “U” shape and is based purely on candlestick structure — no indicators or lagging signals.
There are two versions:
✅ Bullish 123 (“U” pattern)
• Candle 1: Red candle with a large body (selling pressure).
• Candle 2: Small candle of any color (pause or indecision).
• Candle 3: Green candle with a body at least 70% the size of candle 1 (strong bullish push).
This indicates a potential bullish reversal from a prior downtrend.
❌ Bearish 123 (inverted “U” pattern)
• Candle 1: Green candle with a large body (buying pressure).
• Candle 2: Small candle of any color (pause or indecision).
• Candle 3: Red candle with a body at least 70% the size of candle 1 (strong bearish push).
This indicates a potential bearish reversal from a prior uptrend.
