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Crab Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction The Crab pattern is recognized as a reversal pattern in technical analysis, utilizing Fibonacci numbers and percentages for chart analysis. This pattern can predict suitable price reversal areas on charts using Fibonacci ratios. The structure of the Crab pattern can manifest in both bullish and bearish forms on the chart. By analyzing this structure, traders can identify points where the price direction changes, which are essential for making informed trading decisions. The pattern's structure is visually represented on charts as shown below. To gain a deeper understanding of the Crab pattern's functionality, it is beneficial to become familiar with its various harmonic forms. 🟣 Types of Crab Patterns The Crab pattern is categorized into two types based on its structure: bullish and bearish. The bullish Crab is denoted by the letter M, while the bearish Crab is indicated by the letter W in technical analysis. Typically, a bullish Crab pattern signals a potential price increase, whereas a bearish Crab pattern suggests a potential price decrease on the chart. The direction of price movement depends significantly on the price's position within the chart. By identifying whether the pattern is bullish or bearish, traders can determine the likely direction of the price reversal. Bullish Crab : Bearish Crab : 🔵 How to Use When trading using the Crab pattern, crucial parameters include the end time of the correction and the point at which the chart reaches its peak. Generally, the best time to buy is when the chart nears the end of its correction, and the best time to sell is when it approaches the peak price. As we discussed, the end of the price correction and the time to reach the peak are measured using Fibonacci ratios. By analyzing these levels, traders can estimate the end of the correction in the chart waves and select a buying position for their stock or asset upon reaching that ratio. 🟣 Bullish Crab Pattern In this pattern, the stock price is expected to rise at the pattern's completion, transitioning into an upward trend. The bullish Crab pattern usually begins with an upward trend, followed by a price correction, after which the stock resumes its upward movement. If a deeper correction occurs, the price will change direction at some point on the chart and rise again towards its target price. Price corrections play a critical role in this pattern, as it aims to identify entry and exit points using Fibonacci ratios, allowing traders to make purchases at the end of the corrections. When the price movement lines are connected on the chart, the bullish Crab pattern resembles the letter M. 🟣 Bearish Crab Pattern In this pattern, the stock price is expected to decline at the pattern's completion, leading to a strong downward trend. The bearish Crab pattern typically starts with a price correction in a downward trend and, after several fluctuations, reaches a peak where the direction changes downward, resulting in a significant price drop. This pattern uses Fibonacci ratios to identify points where the price movement is likely to change direction, enabling traders to exit their positions at the chart's peak. When the price movement lines are connected on the chart, the bearish Crab pattern resembles the letter W. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Penunjuk Pine Script®
oleh TFlab
2
Fair Value Gap ChartThe Fair Value Gap chart is a new charting method that displays fair value gap imbalances as Japanese candlesticks, allowing traders to quickly see the evolution of historical market imbalances. The script is additionally able to compute an exponential moving average using the imbalances as input. 🔶 USAGE The Fair Value Gap chart allows us to quickly display historical fair value gap imbalances. This also allows for filtering out potential noisy variations, showing more compact trends. Most like other charting methods, we can draw trendlines/patterns from the displayed results, this can be helpful to potentially predict future imbalances locations. Users can display an exponential moving average computed from the detected fvg's imbalances. Imbalances above the ema can be indicative of an uptrend, while imbalances under the ema are indicative of a downtrend. Note that due to pinescript limitations a maximum of 500 lines can be displayed, as such displaying the EMA prevent candle wicks from being displayed. 🔶 DETAILS 🔹 Candle Structure The Fair Value Gap Chart is constructed by keeping a record of all detected fair value gaps on the chart. Each fvg is displayed as a candlestick, with the imbalance range representing the body of the candle, and the range of the imbalance interval being used for the wicks. 🔹 EMA Source Input The exponential moving average uses the imbalance range to get its input source, the extremity of the range used depends on whether the fvg is bullish or bearish. When the fvg is bullish, the maximum of the imbalance range is used as ema input, else the minimum of the fvg imbalance is used.
Penunjuk Pine Script®
oleh alexgrover
8
Chart Time and Price Range It is easy to loose track of time and price volatility when the chart automatically scales to the bars on the chart. This helps you keep track. This is a very simple indicator that is designed to ensure that you're looking at a segment of the chart that is relevant to the trade you're considering in both price distance and time. The Problem: When looking at a chart the lowest price is at the bottom of the screen, the highest price is at the top. The time at the beginning of the chart is based on how many bars and what timeframe you're looking at. But is the price difference between the two wide or narrow? Are you seeing minutes, hours, or days of price action? You can get the measure tool out, but you'll change the zoom level and now its different. You change the timeframe and its different. This Solution: This indicator puts a table on the screen that will tell you the X/Y distance of everything that is on your chart. If your hold period is 5 minutes, why would you be looking at 3 days of price action to find s/r or make a decision on a trade? This will show you how much price opportunity was available in the amount of time you are currently viewing. Using the PineCoders VisibleChart library, we're retrieving the time and bar_index of the beginning of the chart so that everything that is currently on the chart is measured and it adapts as that changes. It will work with light and dark themes (you can change the colors) and can be positioned wherever you prefer to see the information. Disclaimer: This was a quick release script. I wrote it and published the same day. There could be bugs, so send me a message or add a comment to report anything that isn't behaving correctly.
Penunjuk Pine Script®
oleh kurtsmock
4
Season ChartThis overlay is built on the idea of seasonal charts. It is constructed by taking the percentage change from each close and recording that change for every trading day of any year that is within the sample. We then take the average for each day of all the years. These averages are then cumulated to create the chart as per traditional seasonal chart construction. I have also taken a trimmed mean of the averages to try and dampen the impact one off moves that may have a dramatic effect on the daily averages (for example the crash to $0 in oil in April 2020) however, even removing 10% may not guarantee one off moves won’t affect the average. The construction of the chart is completely dependent on the data provided by TradingView and so it is recommended that if longer sample sizes are used, the user go back to check that the years contained within the sample have a full history. Some data may have large gaps in their history and this can distort the seasonality readings. I have attempted to align the chart with the first trading day of the year, but the start of some months may be out by a day or two as it becomes difficult to track all weeks with differing market holidays closures each year and this in turn varies the total amount of actual trading days in each year as well as leap years. This overlay is designed for the Daily time frame only and will not work on Crypto or any other instrument that trades outside of usual business weekdays. Future updates may include the ability to adapt to Crypto instruments. All feedback and comments welcome!
Penunjuk Pine Script®
oleh east-west_trading
1
All Chart Patterns [theEccentricTrader]█   OVERVIEW This indicator automatically draws and sends alerts for all of the chart patterns in my public library as they occur. The patterns included are as follows: • Ascending Broadening • Broadening • Descending Broadening • Double Bottom • Double Top • Triple Bottom • Triple Top • Bearish Elliot Wave • Bullish Elliot Wave • Bearish Alternate Flag • Bullish Alternate Flag • Bearish Flag • Bullish Flag • Bearish Ascending Head and Shoulders • Bullish Ascending Head and Shoulders • Bearish Descending Head and Shoulders • Bullish Descending Head and Shoulders • Bearish Head and Shoulders • Bullish Head and Shoulders • Bearish Pennant • Bullish Pennant • Ascending Wedge • Descending Wedge • Wedge █   CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Swing Highs and Swing Lows • A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak. • A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough. Peak and Trough Prices • The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher. • The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower. Historic Peaks and Troughs The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one. Upper Trends • A return line uptrend is formed when the current peak price is higher than the preceding peak price. • A downtrend is formed when the current peak price is lower than the preceding peak price. • A double-top is formed when the current peak price is equal to the preceding peak price. Lower Trends • An uptrend is formed when the current trough price is higher than the preceding trough price. • A return line downtrend is formed when the current trough price is lower than the preceding trough price. • A double-bottom is formed when the current trough price is equal to the preceding trough price. Range The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips. Retracement and Extension Ratios Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range. Measurement Tolerances Tolerance refers to the allowable variation or deviation from a specific value or dimension. It is the range within which a particular measurement is considered to be acceptable or accurate. I have applied this concept in my pattern detection logic and have set default tolerances where applicable, as perfect patterns are, needless to say, very rare. Chart Patterns Generally speaking price charts are nothing more than a series of swing highs and swing lows. When demand outweighs supply over a period of time prices swing higher and when supply outweighs demand over a period of time prices swing lower. These swing highs and swing lows can form patterns that offer insight into the prevailing supply and demand dynamics at play at the relevant moment in time. ‘Let us assume… that you the reader, are not a member of that mysterious inner circle known to the boardrooms as “the insiders”… But it is fairly certain that there are not nearly so many “insiders” as amateur trader supposes and… It is even more certain that insiders can be wrong… Any success they have, however, can be accomplished only by buying and selling… hey can do neither without altering the delicate poise of supply and demand that governs prices. Whatever they do is sooner or later reflected on the charts where you… can detect it. Or detect, at least, the way in which the supply-demand equation is being affected… So, you do not need to be an insider to ride with them frequently… prices move in trends. Some of those trends are straight, some are curved; some are brief and some are long and continued… produced in a series of action and reaction waves of great uniformity. Sooner or later, these trends change direction; they may reverse (as from up to down), or they may be interrupted by some sort of sideways movement and then, after a time, proceed again in their former direction… when a price trend is in the process of reversal… a characteristic area or pattern takes shape on the chart, which becomes recognisable as a reversal formation… Needless to say, the first and most important task of the technical chart analyst is to learn to know the important reversal formations and to judge what they may signify in terms of trading opportunities’ (Edwards & Magee, 1948). This is as true today as it was when Edwards and Magee were writing in the first half of the last Century, study your patterns and make judgements for yourself about what their implications truly are on the markets and timeframes you are interested in trading. Over the years, traders have come to discover a multitude of chart and candlestick patterns that are supposed to pertain information on future price movements. However, it is never so clear cut in practice and patterns that where once considered to be reversal patterns are now considered to be continuation patterns and vice versa. Bullish patterns can have bearish implications and bearish patterns can have bullish implications. As such, I would highly encourage you to do your own backtesting. There is no denying that chart patterns exist, but their implications will vary from market to market and timeframe to timeframe. So it is down to you as an individual to study them and make decisions about how they may be used in a strategic sense. █   INPUTS • Change pattern and label colours • Show or hide patterns individually • Adjust pattern ratios and tolerances • Set or remove alerts for individual patterns █   NOTES I have decided to rename some of my previously published patterns based on the way in which the pattern completes. If the pattern completes on a swing high then the pattern is considered bearish, if the pattern completes on a swing low then it is considered bullish. This may seem confusing but it makes sense when you come to backtesting the patterns and want to use the most recent peak or trough prices as stop losses. Patterns that can complete on both a swing high and swing low are for such reasons treated as neutral, namely all broadening and wedge variations. I trust that it is quite self-evident that double and triple bottom patterns are considered bullish while double and triple top patterns are considered bearish, so I did not feel the need to rename those. The patterns that have been renamed and what they have been renamed to, are as follows: • Ascending Elliot Waves to Bearish Elliot Waves • Descending Elliot Waves to Bullish Elliot Waves • Ascending Head and Shoulders to Bearish Ascending Head and Shoulders • Descending Head and Shoulders to Bearish Descending Head and Shoulders • Head and Shoulders to Bearish Head and Shoulders • Ascending Inverse Head and Shoulders to Bullish Ascending Head and Shoulders • Descending Inverse Head and Shoulders to Bullish Descending Head and Shoulders • Inverse Head and Shoulders to Bullish Head and Shoulders You can test the patterns with your own strategies manually by applying the indicator to your chart while in bar replay mode and playing through the history. You could also automate this process with PineScript by using the conditions from my swing and pattern libraries as entry conditions in the strategy tester or your own custom made strategy screener. █   LIMITATIONS All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. █   SOURCES Edwards, R., & Magee, J. (1948) Technical Analysis of Stock Trends (10th edn). Reprint, Boca Raton, Florida: Taylor and Francis Group, CRC Press: 2013.
Penunjuk Pine Script®
oleh theEccentricTrader
15
Propulsion Blocks | Flux Charts💎 GENERAL OVERVIEW Introducing our new Propulsion Blocks indicator! This new indicator can find & render ICT's propulsion blocks in the current ticker. It's highly customizable with detection, invalidation and style settings. For more information, please visit the "HOW DOES IT WORK ?" section. Features of the new Propulsion Blocks indicator : Render Bullish & Bearish Propulsion Blocks Customizable Algorithm Enable / Disable Historic Zones Visual Customizability 📌 HOW DOES IT WORK ? Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart. One of which this indicator uses requires a large engulfing candlestick right after another one of the opposite direction. Then if the price comes back to retest the area that two candlesticks create, then it's an order block pattern. Propulsion blocks are a specific type of order block used in the trading methodology. They build on the concept of order blocks and aim to identify potential areas for strong price movements. They are detected when a candlestick wicks to any existing order block, retesting it. Then a strong momentum in the direction of the order block is needed for the propulsion block to get created. Check this example : You can use them as entry / exit points, or for confirmations for your trades. For example, a successful retest attempt to a bullish propulsion block might hint a strong bullish momentum. This indicator works best when used together with other ICT concepts. 🚩UNIQUENESS Propulsion blocks can help traders identify key levels in a chart, and can be used mainly for confirmation. This indicator can identify and show them automatically in your chart, and provides customization settings for order & propulsion block detection and invalidation. Another capability of the indicator is that it combines overlapping order & propulsion blocks so you will have a clean look at the chart without any overlapping zones. ⚙️SETTINGS 1. General Configuration Show Historic Zones -> This setting will hide invalidated propulsion blocks if enabled. Max Distance To Last Bar -> This setting defines the maximum range that the indicator will find propulsion blocks to the past. Higher options will make older zones visible. Zone Invalidation -> Select between Wick & Close price for Order Block & Propulsion Block Invalidation. Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
Penunjuk Pine Script®
oleh fluxchart
11
Auto Chart Patterns [Trendoscope®]🎲 Introducing our most comprehensive automatic chart pattern recognition indicator. Last week, we published an idea on how to algorithmically identify and classify chart patterns. This indicator is nothing but the initial implementation of the idea. Whatever we explained in that publication that users can do manually to identify and classify the pattern, this indicator will do it for them. 🎲 Process of identifying the patterns. The bulk of the logic is implemented as part of the library - chartpatterns . The indicator is a shell that captures the user inputs and makes use of the library to deliver the outcome. 🎯 Here is the list of steps executed to identify the patterns on the chart. Derive multi level recursive zigzag for multiple base zigzag length and depth combinations. For each zigzag and level, check the last 5 pivots or 6 pivots (based on the input setting) for possibility of valid trend line pairs. If there is a valid trend line pair, then there is pattern. 🎯 Rules for identifying the valid trend line pairs There should be at least two trend lines that does not intersect between the starting and ending pivots. The upper trend line should touch all the pivot highs of the last 5 or 6 pivots considered for scanning the patterns The lower trend line should touch all the pivot lows of the last 5 or 6 pivots considered for scanning the patterns. None of the candles from starting pivot to ending pivot should fall outside the trend lines (above upper trend line and below lower trend line) The existence of a valid trend line pair signifies the existence of pattern. What type of pattern it is, to identify that we need to go through the classification rules. 🎲 Process of classification of the patterns. We need to gather the following information before we classify the pattern. Direction of upper trend line - rising, falling or flat Direction of lower trend line - rising, falling or flat Characteristics of trend line pair - converging, expanding, parallel 🎯 Broader Classifications Broader classification would include the following types. 🚩 Classification Based on Geometrical Shapes This includes Wedges - both trend lines are moving in the same direction. But, the trend lines are either converging or diverging and not parallel to each other. Triangles - trend lines are moving in different directions. Naturally, they are either converging or diverging. Channels - Both trend lines are moving in the same direction, and they are parallel to each other within the limits of error. 🚩 Classification Based on Pattern Direction This includes Ascending/Rising Patterns - No trend line is moving in the downward direction and at least one trend line is moving upwards Descending/Falling Patterns - No trend line is moving in the upward direction, and at least one trend line is moving downwards. Flat - Both Trend Lines are Flat Bi-Directional - Both trend lines are moving in opposite direction and none of them is flat. 🚩 Classification Based on Formation Dynamics This includes Converging Patterns - Trend Lines are converging towards each other Diverging Patterns - Trend Lines are diverging from each other Parallel Patterns - Trend Lines are parallel to each others 🎯 Individual Pattern Types Now we have broader classifications. Let's go through in detail to find out fine-grained classification of each individual patterns. 🚩 Ascending/Uptrend Channel This pattern belongs to the broader classifications - Ascending Patterns, Parallel Patterns and Channels. The rules for the Ascending/Uptrend Channel pattern are as below Both trend lines are rising Trend lines are parallel to each other 🚩 Descending/Downtrend Channel This pattern belongs to the broader classifications - Descending Patterns, Parallel Patterns and Channels. The rules for the Descending/Downtrend Channel pattern are as below Both trend lines are falling Trend lines are parallel to each other 🚩 Ranging Channel This pattern belongs to the broader classifications - Flat Patterns, Parallel Patterns and Channels. The rules for the Ranging Channel pattern are as below Both trend lines are flat Trend lines are parallel to each other 🚩 Rising Wedge - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Wedges. The rules for the Expanding Rising Wedge pattern are as below Both trend lines are rising Trend Lines are diverging. 🚩 Rising Wedge - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Wedges. The rules for the Contracting Rising Wedge pattern are as below Both trend lines are rising Trend Lines are converging. 🚩 Falling Wedge - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Wedges. The rules for the Expanding Falling Wedge pattern are as below Both trend lines are falling Trend Lines are diverging. 🚩 Falling Wedge - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Wedges. The rules for the Converging Falling Wedge are as below Both trend lines are falling Trend Lines are converging. 🚩 Rising/Ascending Triangle - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Triangles. The rules for the Expanding Ascending Triangle pattern are as below The upper trend line is rising The lower trend line is flat Naturally, the trend lines are diverging from each other 🚩 Rising/Ascending Triangle - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Triangles. The rules for the Contracting Ascending Triangle pattern are as below The upper trend line is flat The lower trend line is rising Naturally, the trend lines are converging. 🚩 Falling/Descending Triangle - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Triangles. The rules for the Expanding Descending Triangle pattern are as below The upper trend line is flat The lower trend line is falling Naturally, the trend lines are diverging from each other 🚩 Falling/Descending Triangle - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Triangles. The rules for the Contracting Descending Triangle pattern are as below The upper trend line is falling The lower trend line is flat Naturally, the trend lines are converging. 🚩 Converging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Converging Patterns and Triangles. The rules for the Converging Triangle pattern are as below The upper trend line is falling The lower trend line is rising Naturally, the trend lines are converging. 🚩 Diverging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Diverging Patterns and Triangles. The rules for the Diverging Triangle pattern are as below The upper trend line is rising The lower trend line is falling Naturally, the trend lines are diverging from each other. 🎲 Indicator Settings - Auto Chart Patterns 🎯 Zigzag Settings Zigzag settings allow users to select the number of zigzag combinations to be used for pattern scanning, and also allows users to set zigzag length and depth combinations. 🎯 Scanning Settings Number of Pivots - This can be either 5 or 6. Represents the number of pivots used for identification of patterns. Error Threshold - Error threshold used for initial trend line validation. Flat Threshold - Flat angle threshold is used to identify the slope and direction of trend lines. Last Pivot Direction - Filters patterns based on the last pivot direction. The values can be up, down, both, or custom. When custom is selected, then the individual pattern specific last pivot direction setting is used instead of the generic one. Verify Bar Ratio - Provides option to ignore extreme patterns where the ratios of zigzag lines are not proportionate to each other. Avoid Overlap - When selected, the patterns that overlap with existing patterns will be ignored while scanning. Meaning, if the new pattern starting point falls between the start and end of an existing pattern, it will be ignored. 🎯 Group Classification Filters Allows users to enable disable patterns based on group classifications. 🚩 Geometric Shapes Based Classifications Wedges - Rising Wedge Expanding, Falling Wedge Expanding, Rising Wedge Contracting, Falling Wedge Contracting. Channels - Ascending Channel, Descending Channel, Ranging Channel Triangles - Converging Triangle, Diverging Triangle, Ascending Triangle Expanding, Descending Triangle Expanding, Ascending Triangle Contrcting and Descending Triangle Contracting 🚩 Direction Based Classifications Rising - Rising Wedge Contracting, Rising Wedge Expanding, Ascending Triangle Contracting, Ascending Triangle Expanding and Ascending Channel Falling - Falling Wedge Contracting, Falling Wedge Expanding, Descending Triangle Contracting, Descending Triangle Expanding and Descending Channel Flat/Bi-directional - Ranging Channel, Converging Triangle, Diverging Triangle 🚩 Formation Dynamics Based Classifications Expanding - Rising Wedge Expanding, Falling Wedge Expanding, Ascending Triangle Expanding, Descending Triangle Expanding, Diverging Triangle Contracting - Rising Wedge Contracting, Falling Wedge Contracting, Ascending Triangle Contracting, Descending Triangle Contracting, Converging Triangle Parallel - Ascending Channel, Descending Channgel and Ranging Channel 🎯 Individual Pattern Filters These settings allow users to enable/disable individual patterns and also set last pivot direction filter individually for each pattern. Individual Last Pivot direction filters are only considered if the main "Last Pivot Direction" filter is set to "custom" 🎯 Display Settings These are the settings that determine the indicator display. The details are provided in the tooltips and are self explanatory. 🎯 Alerts A basic alert message is enabled upon detection of new pattern on the chart.
Penunjuk Pine Script®
oleh Trendoscope
132
Chart Patterns – [AlphaGroup.Live] # 📈 Chart Patterns Indicator – Stop guessing. This tool hunts down the **10 most powerful price action patterns** and prints them on your chart exactly where they happen — once. No spam. No noise. ### Patterns Detected: - Ascending / Descending / Symmetrical Triangles - Rising & Falling Wedges - Bull & Bear Flags - Bull & Bear Pennants - Double Tops & Bottoms - Head & Shoulders / Inverse Head & Shoulders ### Why Traders Use It: - **Clean execution**: Labels appear once, exactly where the structure forms. - **No clutter**: Lines are capped, anchored, and never stretch across your entire chart. - **Control**: Adjustable lookback, label spacing, and style. ### How to Apply: - Catch continuation setups before the breakout. - Identify reversal structures before the crowd. - Train your eyes to see what institutions use to move billions. ⚡ Want more? Get **100 battle-tested trading strategies**: 👉 (alphagroup.live) This isn’t theory. It’s structure recognition at scale. Use it — or keep drawing lines by hand and falling behind.
Penunjuk Pine Script®
oleh AlphaGroupLive
HSI First 30m Candle Strategy (5m Chart)## HSI First Candle Breakout Strategy USE on 10m TF for max profit rate. **The HSI First Candle Breakout Strategy** is a systematic trading approach tailored for Hang Seng Index Futures during the main Hong Kong day session. The strategy is designed to capture early market momentum by reacting to the first significant move of the day. ### How It Works - **Reference Candle:** At the start of each day session (09:00), the high and low of the first 15-minute candle are recorded. - **Breakout Trigger:** - A **buy (long) trade** is initiated if price breaks above the first candle’s high. - A **sell (short) trade** is initiated if price breaks below the first candle’s low. - **Stop Loss & Take Profit:** - Stop-loss is placed on the opposite side of the reference candle. - Take-profit target is set at a distance equal to the size of the reference candle (1R). - **Filters:** - Skip the day if the first candle’s range exceeds 200 index points. - Only the first triggered direction is traded per session. - All trades are closed before the market closes if neither target nor stop is hit. - **Execution:** The strategy works best on intraday charts (5m or 15m) and is ideal for traders seeking disciplined, systematic intraday setups. ### Key Features - Captures the day’s initial momentum burst. - Strict risk management with predefined stops and targets. - One trade per day, reducing overtrading and noise. - Clear-cut, rule-based, and objective system—no discretion required. **This strategy offers a transparent and robust framework for traders to systematically capture high-probability breakouts in the Hang Seng Index Futures market.**
Strategi Pine Script®
oleh james0445
Gartley Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction Research by H.M. Gartley and Scott Carney emphasizes the importance of harmonic patterns in technical analysis for predicting market movements. Gartley's work, particularly the Gartley 222 pattern, is detailed in his book "Profits in the Stock Market" and relies on the specific placement of points X, A, B, C, and D. 🟣 Defining the Gartley Pattern The Gartley pattern is a powerful technical analysis tool often seen at the end of a trend, signaling a potential reversal. Ideally, it forms during the first and second waves of Elliott Wave theory, with wave XA representing wave 1 and the entire ABCD correction representing wave 2. While patterns outside this structure are also valid, the key points of the Gartley pattern align closely with Fibonacci retracement levels. Specifically, point B corrects wave XA to the 61.8% level, point C lies between 38% and 79% of wave AB, and point D extends between 113% and 162% of wave BC. The bullish Gartley pattern, shown below, forms at the end of a downtrend and signals a potential buying opportunity. Bullish : Bearish : 🔵 How to Use 🟣 Bullish Gartley Pattern To spot a bullish Gartley pattern, follow these rules: the move from point X to point A (the first leg) must be upward. The subsequent move from point A to point B is downward, followed by an upward move from point B to point C. Finally, the move from point C to point D is downward. On a chart, this pattern resembles the letter M. After the final leg of this pattern, prices are expected to rise from point D. 🟣 Bearish Gartley Pattern A bearish Gartley pattern forms similarly to the bullish one but in reverse. The initial move from point X to point A should be downward. The next move from point A to point B is upward, followed by a downward move from point B to point C. The final leg moves upward from point C to point D. This pattern appears as a W on charts, indicating that prices are likely to fall from point D after the final move. By understanding and identifying Gartley patterns, traders can enhance their technical analysis and improve their decision-making in financial markets. These patterns, when correctly identified, offer significant insights into potential market reversals and continuation patterns. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Penunjuk Pine Script®
oleh TFlab
4
Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW Introducing our new Fair Value Gap Screener! This screener can provide information about the latest Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Fair Value Gaps and the styling of the screener. Features of the new Fair Value Gap (FVG) Screener : Find Latest Fair Value Gaps Accross 5 Tickers Shows Their Information Of : Latest Status Number Of Retests Consumption Percent Bullish & Bearish Volume Customizable Algoritm / Styling 📌 HOW DOES IT WORK ? A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. This screener then finds Fair Value Gaps accross 5 different tickers, and shows the latest information about them. Status -> Far -> The current price is far away from the FVG. Approaching ⬆️/⬇️ -> The current price is approaching the FVG, and the direction it's approaching from. Inside -> The price is currently inside the FVG. Retests -> Retest means the price tried to invalidate the FVG, but failed to do so. Here you can see how many times the price retested the FVG. Consumed -> FVGs get consumed when a Close / Wick enters the FVG zone. For example, if the price hits the middle of the FVG zone, the zone is considered 50% consumed. Bullish / Bearish Volume -> Bullish & Bearish volume of a FVG is calculated by analyzing the bars that formed it. For example in a bullish FVG, the bullish volume is the total volume of the first 2 bars forming the FVG, and the bearish volume is the volume of the 3rd bar that forms it. 🚩UNIQUENESS This screener can detect latest Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the FVG, as well as it's bullish & bearish volume. We believe that this extra information will help you spot reliable FVGs easier. ⚙️SETTINGS 1. Tickers You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes. 2. General Configuration Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Penunjuk Pine Script®
oleh fluxchart
8
Order Blocks Screener | Flux Charts💎 GENERAL OVERVIEW Introducing our new Order Blocks Screener! This screener can provide information about the latest order blocks in up to 5 tickers. You can also customize the algorithm that finds the order blocks and the styling of the screener. Features of the new Order Blocks Screener : Find Latest Order Blocks Accross 5 Tickers Latest Status, Restests, Bullish & Bearish Volume Customizable Algoritm / Styling 📌 HOW DOES IT WORK ? Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart. The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume. This screener then finds order blocks accross 5 different tickers, and shows the latest information about them. Status -> Far -> The current price is far away from the order block. Approaching ⬆️/⬇️ -> The current price is approaching the order block, and the direction it's approaching from. Inside -> The price is currently inside the order block. Retests -> Retest means the price to invalidate the order block, but failed to do so. Here you can see how many times the price retested the order block. For the bullish / bearish volume, check the "How Does It Work" section. 🚩UNIQUENESS This screener can detect latest order blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the order block as an unique trait. Another unique ability of the screener is that it shows the latest valid order block's bullish and bearish volume in the dashboard. ⚙️SETTINGS 1. Tickers You can set up to 5 tickers for the screener to scan order blocks here. You can also enable / disable them and set their individual timeframes. 2. General Configuration Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation. Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
Penunjuk Pine Script®
oleh fluxchart
17
Recursive Reversal Chart Patterns [Trendoscope]Caution: This algorithm is very heavy and bound to cause timeouts. If that happens, there are few settings you can change to reduce the load. (Will explain them in the description below) 🎲 Recursive Reversal Chart Patterns Indicator Welcome to another exploration of Zigzag and Pattern ecosystem components. Previously we derived Pitchfork and Recursive Zigzag indicators. This indicator is designed to scan and highlight few popular "Reversal Chart Patterns". Similar to other indicators in the ecosystem, this too is built on recursive zigzags. Double Taps Triple Taps Cup and Handles Head and Shoulders Indicator however names the patterns separately for bullish and bearish formations. So, the actual names you see on the screen are Double Top Double Bottom Triple Top Triple Bottom Cup and Handle Inverted Cup and Handle Head and Shoulders Inverse Head and Shoulders Here is a snapshot on how each category of patterns look on the chart. 🎲 Architecture Many of you may be cursing me for publishing too many libraries. But, these are all preparations for something big. Like other indicators in the Zigzag and Patterns Ecosystem, this too uses a bunch of libraries. 🎯Major direct dependencies ZigzagTypes ZigzagMethods ReversalChartPatternLibrary 🎯Indirect dependencies DrawingTypes DrawingMethods 🎯Minor dependencies Utils TradeTracker 🎲 Indicator Settings 🎯Generic and Zigzag Settings. Note: In case of timeout, please decrease the value of depth parameter 🎯Pattern Selection Having all the patterns selected on chart may also cause timeouts and will make the chart look messy. It is better to limit one or two patterns on the chart to have clear picture. 🎯Scanner Settings 🎯Indicators. These are options to use indicators as secondary confirmation to calculate divergence. If selected, the patterns are shown only if the divergence data is inline. Option also available to plugin external indicator. These calculations are not straightforward and not easy to measure by manual inspection. This feature at present is purely experimental. Have a go and let me know how you feel :)
Penunjuk Pine Script®
oleh Trendoscope
47
Pre-market Highs & Lows on regular trading hours (RTH) chartShows pre-market highs and lows on RTH or ETH chart -Pre-market duration user input (default is 16 'bar hours'; covering the time from S&P RTH close at 4pm >> 9:30am RTH open next day -Displays on both RTH and ETH charts -Written for ES (ES1! or e.g ESM2023), but tested and working on SPY, SPX -Works across timeframes Example usage on Electronic trading hours (ETH) chart; showing the 'bar hours' user input lookback duration visually
Penunjuk Pine Script®
oleh twingall
16
Random Price Action Visible Chartplots randomly generated price (closing basis) from LHS of the chart. Re-plots each time you scroll -just a curiosity really; perhaps a lesson in seeing patterns where there are none; 'fooled by randomness' etc. -always anchors/starts from the real close of the asset on the visible Left hand side of the chart. -adjust ATR as you like (bigger = probably more reliable/realistic). -adjust ATRmultiple as you like (discretionary; basically how many ATR ranges above/below last bar's random close, will the maximum random value above/below be; default is 1.5x (arbitrary).
Penunjuk Pine Script®
oleh twingall
Reductionism candle chartHere I am introducing "Reductionism candle chart", in most of the case takeing away those distracting "candles", and also remaining the most of data (4 dots) for each index on the chart. And only keeping high valuation change "price gap" filled up with candles. For someone who don't relies on candles to their decision. Usually candles are redundant to them. For someone who uses candle, definitely not all candles are carrying the same amount of information. Most often less is more, in terms of representing the thing that is not related to your model. This script the color and the volatility boundary are changeable, so no additional coding is required to use it. Enjoy :)
Penunjuk Pine Script®
oleh BillionaireLau
1
HTF Candle Boxes for LTF Charts This indicator allows you to show an outline of a Higher Time Frame (HTF) candle on a Lower Time Frame (LTF) chart. Options include selecting the HTF interval, and an option to either show a single shaded Box for the candle (High to Low), or a shaded box for the body (Open to Close) with the High to Low shown in an unshaded box. The purpose is to easily visualise what the previous HTF candles look like as you are working on the lower charts, for example was yesterday's candle Bullish, Bearsish, indecision, a Doji etc.
Penunjuk Pine Script®
oleh krollo041
32
US Index First 30m Candle Strategy (10m Chart)Strategy Description for Publishing Title: US Index First 30-Minute Candle Strategy (10m Chart) Overview: This Pine Script implements a trading strategy designed to capitalize on price movements within the first 30 minutes of the U.S. stock market opening. It is specifically tailored for use on a 15-minute chart and is optimized for trading U.S. indices during regular market hours. Features: Session Time Configuration: The strategy operates within the U.S. market hours, specifically from 9:30 AM to 4:00 PM (Eastern Time). First 30-Minute Candle Aggregation: The script identifies the high and low of the first 30-minute candle, which is considered a critical time frame for market momentum. Single Trade Per Day: To minimize risk, the strategy is designed to execute only one trade per day based on the established range of the first 30 minutes. Dynamic Trade Conditions: Buy and sell signals are generated when the price breaks above the high or below the low of the first 30-minute candle, with defined stop-loss and take-profit levels based on a customizable risk-reward ratio. How It Works: Initialization: At the start of each trading day, the script resets the high and low values for the first 30 minutes. Range Locking: After the first 30 minutes, the high and low values are locked, allowing for trade entries based on these levels. Trade Execution: Long Entry: Triggered when the price moves above the locked high. Short Entry: Triggered when the price drops below the locked low. Risk Management: Each trade comes with a stop-loss and take-profit mechanism to manage potential losses and secure profits. Visuals: The script also plots the locked high and low levels on the chart, providing a visual reference for traders. Conclusion: This strategy leverages the volatility often seen in the first 30 minutes of trading, aiming to capture significant price movements while maintaining a disciplined trading approach. It is suitable for traders looking to implement a systematic strategy based on early market behavior. Usage: To use this strategy, simply add the script to your TradingView chart, set your desired parameters, and monitor for trade signals during the specified market hours. Adjust the risk-reward ratio as needed to align with your trading style.
Strategi Pine Script®
oleh james0445
Chart Box Session Indicator [The Quant Science]This indicator allows highlighting specific time sessions within a chart by creating colored boxes to represent the price range of the selected session. Is an advanced and flexible tool for chart segmenting trading sessions. Thanks to its extensive customization options and advanced visualization features, it allows traders to gain a clear representation of key market areas based on chosen time intervals. The indicator offers two range calculation modes: Body to Body: considers the range between the opening and closing price. Wick to Wick: considers the range between the session's low and high. Body To Body Wick to Wick Key Features 1. Session Configuration - Users can select the time range of the session of interest. - Option to choose the day of the week for the calculation. - Supports UTC timezone selection to correctly align data. 2. Customizable Visualization - Option to display session price lines. - Ability to show a central price line. - Extension of session lines beyond the specified duration. 3. Design Display Configuration - Three different background configurations to suit light and dark themes. - Two gradient modes for session coloring: - Centered: the color is evenly distributed. - Off-Centered: the gradient is asymmetrical. How It Works The indicator determines whether the current time falls within the selected session, creating a colored box that highlights the corresponding price range. Depending on user preferences, the indicator draws horizontal lines at the minimum and maximum price levels and, optionally, a central line. During the session: - The lowest and highest session prices are dynamically updated. - The range is divided into 10 bands to create a gradient effect. - A colored box is generated to visually highlight the chosen session. If the Extend Lines option is enabled, price lines continue even after the session ends, keeping the range visible for further analysis. This indicator is useful for traders who want to analyze price behavior in specific timeframes. It is particularly beneficial for strategies based on market sessions (e.g., London or New York open) or for identifying accumulation and distribution zones.
Penunjuk Pine Script®
oleh thequantscience
Spread ChartThis script lets you chart a spread of a maximum of 3 tickers (one of them being the ticker in the main chart). Y axis is the currency amount of the spread, that is calculated by this formula: Y = PnL = quantity * price * handleValue Y is calculated for each ticker specified, and the sum of Ys obtained is plotted. this way it is possible to view the PnL of the spread directly. It is necessary to specify the handle value (point value) in the script inputs (not for the main chart ticker). A table summarizes the spread configuration, containing all inputs.
Penunjuk Pine Script®
oleh konidtaly88
paranimonipobre Chart Description: Buy Low, Sell High with Market Structure This chart utilizes a dynamic trading strategy based on Bollinger Bands, RSI, and market structure analysis to identify high-probability buy and sell signals while aligning with prevailing trends. Key Elements: Bollinger Bands: The upper (red) and lower (green) bands define volatility boundaries based on standard deviations. The middle line (blue) represents the 20-period simple moving average. Market Structure: Swing highs (red triangles labeled "SH") and swing lows (green triangles labeled "SL") are identified to analyze the trend. Background colors indicate trend direction: Green Background: Uptrend (Higher Lows). Red Background: Downtrend (Lower Highs). RSI Indicator: Shown in a separate pane, with overbought (red) at 70 and oversold (green) at 30. Helps confirm signal validity by identifying momentum extremes. Buy and Sell Signals: Buy Signals (Green): Triggered when the price crosses above the lower Bollinger Band, RSI is oversold (<30), and the market is in an uptrend. Displayed as green "BUY" labels below bars. Sell Signals (Red): Triggered when the price crosses below the upper Bollinger Band, RSI is overbought (>70), and the market is in a downtrend. Displayed as red "SELL" labels above bars. How to Use: Trend Identification: Follow market structure analysis to determine the current trend direction. Trade only in the direction of the trend (e.g., buy in an uptrend, sell in a downtrend). Signal Confirmation: Look for signals aligning with Bollinger Bands, RSI levels, and market structure. Ignore signals that conflict with the trend to avoid false entries. Market Conditions: Best suited for trending markets with clear higher lows or lower highs. Signals in choppy or sideways markets may require additional confirmation.
Penunjuk Pine Script®
oleh Earlzkiee