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InsideBar2.0Inside Bar: Inside Bar is defined as, " when candle body range falls within previous day candle body". Some of us take the whole prices range . Here i have taken only the price range of the body of tehecandle. I have created an indicator to identify Inside bras and draw target levels on both the sides. Traders can easily convert it into a strategy and checkout the success rate. This script is written to identify InsideBar and then plot target 1 and target 2 irrespective the direction of following candles. Inside Bar is here defined clearly when the whole body( Not high/Low, but Open and Close Only of the candle falls within the whole body of previous candle Few static Variables are declared for one time use to store the following values MotherCandle Index High and Low of MotherCandle Target 1 equal to size of the body of mother candle Target 2 equal twice the size of Mother Candle Depending upon the direction of the trend and breakout of the MotherCandle boundaries, target lines and labels are drawn. Line.delete function is used to delete all the previous lines to keep the chart clean and not draw line on all every inside-bar detected in the past. Label.delete function is used to delete all the previous labels for Target levels to clearly show current target levels. barcolor() function is used to change the inside bar candle changed to "Yellow" .
Penunjuk Pine Script®
oleh Dr_AtulGoswami
23
Inside/Outside Bar Direction Highlighter Here’s a trading indicator in Pine Script (v6) that combines the essence of the Inside Bar, Outside Bar, and directional patterns inspired by TT3 Theory. This indicator highlights bars based on their classification as inside, outside, or directional and provides potential trade signals. Inside Outside Indicator Explanation: Bar Classification: Inside Bar: Current high is less than the previous high, and the low is greater than the previous low. Outside Bar: Current high exceeds the previous high, and the low breaks below the previous low. Up/Down Bars: Closing prices relative to the previous high/low. Visual Highlights: Bars are visually highlighted with colors for easy identification. Trade Signals: Long Signal: When the close crosses above the previous high and it's a directional up bar. Short Signal: When the close crosses below the previous low and it's a directional down bar. Customizable Inputs: Colors for inside, outside, up, and down bars can be modified. You can copy and paste this script into the Pine Editor on TradingView to see it in action. Adjust the logic to fit your trading strategy as needed. You said: summary of how to use this indicator without buy/sell signal ChatGPT said: ChatGPT How to Use the Inside/Outside Bar Direction Highlighter Indicator (Without Buy/Sell Signals) Understand the Bar Classifications: Inside Bars: Highlighted in blue (default). These indicate periods of market consolidation. Look for potential breakouts in either direction. Outside Bars: Highlighted in orange (default). These represent increased volatility, where both higher highs and lower lows are made. Watch for reversals or continuations based on broader trends. Directional Up Bars: Highlighted in green (default). These occur when the current close is above the previous high, signaling bullish momentum. Directional Down Bars: Highlighted in red (default). These occur when the current close is below the previous low, indicating bearish momentum. Identify Key Patterns: Use the highlighted bars to spot price action setups, such as: Breakouts from inside bars. Reversal signals following outside bars. Continuation patterns when directional bars align with the trend. Combine with Your Analysis: Trend Analysis: Match bar classifications with trend direction on larger timeframes (e.g., daily, 4-hour). Support/Resistance: Use inside and outside bars near key levels for confirmation or reversal signals. Volume: Higher volume on directional bars strengthens the momentum signal. Customize the Colors: Adjust the bar highlight colors to fit your chart theme for better visibility. No Automatic Signals: This indicator doesn’t provide explicit buy/sell recommendations. Instead, use the visual highlights to make informed decisions based on your trading strategy. By interpreting these bar patterns, you can better gauge market behavior and make more confident decisions without relying on preset signals.
Penunjuk Pine Script®
oleh alixx220
IB & Hammer at SMA(20,50|200)IB & Hammer at SMA (20, 50, 200) Breakout/Breakdown Indicator Overview: The IB (Inside Bar) & Hammer at SMA Breakout/Breakdown Indicator is designed to identify breakout and breakdown opportunities using Inside Bars (IB) in combination with Simple Moving Averages (SMA 20, 50, 200) as key trend filters. This indicator is useful for traders looking to catch momentum moves after consolidation phases, confirming the trend direction with moving averages. Indicator Logic: Inside Bar (IB) Detection: An Inside Bar is a candlestick that is completely within the range of the previous candle (i.e., lower high and higher low). Inside Bars indicate consolidation, suggesting a potential breakout. SMA Trend Confirmation: The script uses three moving averages (SMA 20, 50, 200) to determine the trend direction. Bullish trend: Price is above the 50 & 200 SMAs. Bearish trend: Price is below the 50 & 200 SMAs. The 20 SMA is used as a dynamic short-term momentum filter. Breakout & Breakdown Conditions: Breakout: When price breaks above the Inside Bar’s high, and the trend is bullish (above key SMAs). Breakdown: When price breaks below the Inside Bar’s low, and the trend is bearish (below key SMAs). Alerts can be set to notify traders of potential trade opportunities. Features: ✅ Identifies Inside Bars (consolidation zones). ✅ Uses SMA (20, 50, 200) for trend confirmation. ✅ Breakout/Breakdown signals based on Inside Bar structure. ✅ Customizable Moving Averages & Alerts. ✅ Visual markers for easy trade identification. How to Use: Confirm Trend Direction: If the price is above SMA 50 & 200, look for breakout trades. If the price is below SMA 50 & 200, look for breakdown trades. Watch for Inside Bars: The script highlights Inside Bars with a specific color (configurable). These bars indicate a low-volatility phase, preparing for a breakout. Trade on Breakout/Breakdown: Breakout: Enter long when the price breaks above the Inside Bar’s high (bullish trend). Breakdown: Enter short when the price breaks below the Inside Bar’s low (bearish trend).
Penunjuk Pine Script®
oleh ICT_Concept_Trading
EagleVision.V33 - Inside Pin Bar EagleVision.V33 is a specialized indicator designed for traders who focus on price action. It detects and highlights the Inside Pin Bar candle pattern, a key signal that can indicate potential market reversals or trend continuations. This tool is invaluable for traders who rely on precise candlestick patterns to make data-driven decisions. Features: • Customizable Pattern Highlighting: EagleVision.V33 allows traders to choose custom colors to highlight Inside Pin Bar patterns directly on the chart. This makes identifying critical trading signals straightforward, even in busy market conditions. • Pin Bar Candle Customization: Beyond just highlighting, the indicator enables users to change the color of the detected pin bar itself, ensuring that crucial patterns are immediately visible and easy to track. • Versatile Timeframe Application: The indicator can be applied across various timeframes, from intraday (1 minute, 5 minutes) to longer-term charts (daily, weekly). Users can easily switch between timeframes within the settings, making it adaptable to different trading strategies. • Enhanced Visual Clarity with Background Highlighting: For traders who prefer additional emphasis, EagleVision.V33 offers an option to apply a background color that highlights the entire region where the Inside Pin Bar pattern is detected. How It Works: • Inside Bar Identification: The indicator first identifies an Inside Bar, where a candle’s high and low fall within the range of the preceding candle (the mother bar). This is a foundational pattern in price action trading. • Pin Bar Detection: It then checks if the candle is a Pin Bar, characterized by a small body and a prominent wick (either upper or lower), which typically signals potential market turning points. • Pattern Highlighting & Visualization: Upon detecting both conditions (Inside Bar and Pin Bar), EagleVision.V33 highlights the pattern using customizable shapes and colors, and optionally applies a background shade to further enhance visibility. Use Cases: • Reversals at Key Levels: The Inside Pin Bar pattern often appears at significant support or resistance levels, signaling potential reversals. EagleVision.V33 helps traders spot these opportunities early. • Trend Continuations: In trending markets, this pattern can confirm the continuation of a trend, providing traders with the confidence to hold positions or enter new ones. Customization Options: • Pattern Highlight Color: Choose a distinct color for the label or shape that marks the Inside Pin Bar pattern, making it stand out against other chart elements. • Pin Bar Candle Color: Customize the color of the Pin Bar itself, ensuring that it is immediately recognizable on the chart. • Background Highlighting: Optionally apply a background color to the chart area where the pattern is detected, further enhancing visual clarity and making it easier to spot potential trading opportunities. Why EagleVision.V33 Stands Out: EagleVision.V33 is not just another pattern detection tool; it’s engineered for precision and clarity, with highly customizable features that cater to the unique needs of price action traders. By combining both Inside Bar and Pin Bar detection, it offers a powerful edge, providing traders with actionable insights directly on their charts.
Penunjuk Pine Script®
oleh AR33_
1
The Strat with TFC & Combo DashIntroduction: This indicator is designed to implement "The Strat" trading strategy combined with a Timeframe Continuity Dashboard and Combo Dashboard. The Strat is a robust trading methodology that relies on price action and candlestick formations to make trading decisions. This script helps traders to identify specific bar types such as Inside Bars (1), Continuation Up Bars (2u), Continuation Down Bars (2d), and Outside Bars (3) across multiple timeframes. It visually highlights these bar types on the chart and provides a comprehensive dashboard displaying the current state of the selected timeframes. Key Features: Timeframe Continuity Dashboard: Displays arrows and bar types for up to four selected timeframes. Strat Combos Dashboard: Shows the previous and current bar types to easily spot trading setups. Customizable Colors and Labels: Options to personalize the colors and labels for Inside and Outside bars. Adjustable Dashboard Position and Size: Allows users to set the location and size of the dashboard for better visual alignment. Inputs: TFC & Combo Dash Configuration: Show TFC & Combo Dashboard: Toggle to display the dashboard. Show Strat Combos: Toggle to display Strat combo setups. Location: Dropdown to select the position of the dashboard on the chart. Size: Dropdown to choose between desktop and mobile view. Timeframe Selection: Timeframe 1: Primary timeframe for analysis. Timeframe 2: Secondary timeframe for analysis. Timeframe 3: Tertiary timeframe for analysis. Timeframe 4: Quaternary timeframe for analysis. Candle Visuals: Show Inside Bar Label: Option to show label instead of color for Inside bars. Inside Bar Color: Color picker for Inside bars. Show Outside Bar Label: Option to show label instead of color for Outside bars. Outside Bar Color: Color picker for Outside bars. TFC & Combo DashboardFunctions: The script fetches values for the selected timeframes and computes the bar types and corresponding visual elements such as arrows and background colors. The dashboard displays this information in a tabular format for easy reference during trading. The dashboard is dynamically created based on user input for position and size. It shows the selected timeframes, bar types, and combo setups, providing a quick overview of the market conditions across multiple timeframes. Timeframes: Displays the four user chosen timeframes that the dashboard fetches data from. Arrow and Color: Functions to set the arrow direction and color based on current bar action. Green and up arrow: price is above it's candle open. Red and down arrow: price is below it's candles open. Background Color: Functions to set background color based on the bar type. White for an outside bar(3), yellow for an inside bar(1), no color for a continuation bar(2). Strat Candle Combos: Functions to determine if the bar is an Inside(1), Continuation Up(2u), Continuation Down(2d), or Outside bar(3). Shows the previous bar and the current bar for the user's chosen timeframes. Candle Visuals: The script plots labels and colors for Inside and Outside bars based on user preferences. It helps in quickly identifying potential trading setups on the chart. Conclusion: We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The Strat with TFC & Combo Dashboard is a tool to assist traders in identifying potential trading setups based on The Strat methodology; to suit the users needs and trading style. RISK DISCLAIMER All content, tools, scripts & education provided by Gorb Algo LLC are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Penunjuk Pine Script®
oleh GorbAlgo
Price Action Trend and Margin EquityThe Price Action Trend and Margin Equity indicator is a multifunctional market analysis tool that combines elements of money management and price pattern analysis. The indicator helps traders identify key price action patterns and determine optimal entry, exit and stop loss levels based on the current trend. The main components of the indicator: Money Management: Allows the trader to set risk management parameters such as the percentage of possible loss on the position, the use of fixed leverage and the total capital. Calculates the required leverage level to achieve a specified percentage of loss. Price Action: Correctly identifies various price patterns such as Pin Bar, Engulfing Bar, PPR Bar and Inside Bar. Displays these patterns on the chart with the ability to customize candle colors and display styles. Allows the trader to customize take profit and stop loss points to display them on the chart. The ability to display patterns only in the direction of the trend. Trend: (some code taken from ChartPrime) Uses a trend cloud to visualize the current market direction. The trend cloud is displayed on the chart and helps traders determine whether the market is in an uptrend or a downtrend. Alert: Allows you to set an alert that will be triggered when the pattern is formed. Example of use: Let's say a trader uses the indicator to trade the crypto market. He sets the money management parameters, setting the maximum loss per position to 5% and using a fixed leverage of 1:100. The indicator automatically calculates the required position size to meet these parameters ($: on the label). Or displays the leverage (X: on the label) to achieve the required risk. The trader receives an alert when a Pin Bar is formed. The indicator displays the entry, exit, and stop loss levels based on this pattern. The trader opens a position for the recommended amount in the direction indicated by the indicator and sets the stop loss and take profit at the recommended levels. General Settings: Position Loss Percentage: Sets the maximum loss percentage you are willing to take on a single position. Use Fixed Leverage: Enables or disables the use of fixed leverage. Fixed Leverage: Sets the fixed leverage level. Total Equity: Specifies the total equity you are using for trading. (Required for calculation when using fixed leverage) Turn Patterns On/Off: You can turn on or off the display of various price patterns such as Pin Bar, Outside Bar (Engulfing), Inside Bar, and PPR Bar. Pattern Colors: Sets the colors for displaying each pattern on the chart. Candle Color: Allows you to set a neutral color for candles that do not match the price action. Show Lines: Allows you to turn on or off the display of labels and lines. Line Length: Sets the length of the stop, entry, and take profit lines. Label color: One color for all labels (configured below) or the color of the labels in the color of the candle pattern. Pin entry: Select the entry point for the pin bar: candle head, bar close, or 50% of the candle. Coefficients for stop and take lines. Use trend for price action: When enabled, will show price action signals only in the direction of the trend. Display trend cloud: Enables or disables the display of the trend cloud. Cloud calculation period: Sets the period for which the maximum and minimum values ​​​​for the cloud are calculated. The longer the period, the smoother the cloud will be. Cloud colors: Sets the colors for uptrends and downtrends, as well as the transparency of the cloud. The logic of the indicator: Pin Bar is a candle with a long upper or lower shadow and a short body. Logic: If the length of one shadow is twice the body and the opposite shadow of the candle, it is considered a Pin Bar. An Inside Bar is a candle that is completely engulfed by the previous candle. Logic: If the high and low of the current candle are inside the previous candle, it is an Inside Bar. An Outside Bar or Engulfing is a candle that completely engulfs the previous candle. Logic: If the high and low of the current candle are outside the previous candle and close outside the previous candle, it is an Outside Bar. A PPR Bar is a candle that closes above or below the previous candle. Logic: If the current candle closes above the high of the previous candle or below its low, it is a PPR Bar. Stop Loss Levels: Calculated based on the specified ratios. If set to 1.0, it shows the correct stop for the pattern by pushing away from the entry point. Take Profit Levels: Calculated based on the specified ratios. Create a Label: The label is created at the stop loss level and contains information about the potential leverage and loss. The formula for calculating the $ value is: =(Total Capital x (Maximum Loss Percentage on Position/100)) / (Difference between Entry Level and Stop Loss Level × Ratio that sets the stop loss level relative to the length of the candlestick shadow × Fixed Leverage Value) . ​ Labels contain the following information: The percentage of price change from the recommended entry point to the stop loss level. Required Leverage (X: ): The amount of leverage required to achieve the specified loss percentage. (Or a fixed value if selected). Required Capital ($: ): The amount of capital required to open a position with the specified leverage and loss percentage (only displayed when using fixed leverage). The trend cloud identifies the maximum and minimum price values ​​for the specified period. The cloud value is set depending on whether the current price is equal to the high or low values. If the current closing price is equal to the high value, the cloud is set at the low value, and vice versa. RU Индикатор "Price Action Trend and Margin Equity" представляет собой многофункциональный инструмент для анализа рынка, объединяющий в себе элементы управления капиталом и анализа ценовых паттернов. Индикатор помогает трейдерам идентифицировать ключевые прайс экшн паттерны и определять оптимальные уровни входа, выхода и стоп-лосс на основе текущего тренда. Основные компоненты индикатора: Управление капиталом: Позволяет трейдеру задавать параметры управления рисками, такие как процент возможного убытка по позиции, использование фиксированного плеча и общий капитал. Рассчитывает необходимый уровень плеча для достижения заданного процента убытка. Price Action: Правильно идентифицирует различные ценовые паттерны, такие как Pin Bar, Поглащение Бар, PPR Bar и Внутренний Бар. Отображает эти паттерны на графике с возможностью настройки цветов свечей и стилей отображения. Позволяет трейдеру настраивать точки тейк профита и стоп лосса для отображения их на графике. Возможность отображения паттернов только в натправлении тренда. Trend: (часть кода взята у ChartPrime) Использует облако тренда для визуализации текущего направления рынка. Облако тренда отображается на графике и помогает трейдерам определить, находится ли рынок в восходящем или нисходящем тренде. Оповещение: Дает возможность установить оповещение которое будет срабатывать при формировании паттерна. Пример применения: Предположим, трейдер использует индикатор для торговли на крипто рынке. Он настраивает параметры управления капиталом, устанавливая максимальный убыток по позиции в 5% и используя фиксированное плечо 1:100. Индикатор автоматически рассчитывает необходимый объем позиции для соблюдения этих параметров ($: на лейбле). Или отображает плечо (Х: на лейбле) для достижения необходимого риска. Трейдер получает оповещение о формировании Pin Bar. Индикатор отображает уровни входа, выхода и стоп-лосс, основанные на этом паттерне. Трейдер открывает позицию на рекомендуемую сумму в направлении, указанном индикатором, и устанавливает стоп-лосс и тейк-профит на рекомендованных уровнях. Общие настройки: Процент убытка по позиции: Устанавливает максимальный процент убытка, который вы готовы понести по одной позиции. Использовать фиксированное плечо: Включает или отключает использование фиксированного плеча. Уровень фиксированного плеча: Задает уровень фиксированного плеча. Общий капитал: Указывает общий капитал, который вы используете для торговли. (Необходим для расчета при использовании фиксированного плеча) Включение/отключение паттернов: Вы можете включить или отключить отображение различных ценовых паттернов, таких как Pin Bar, Outside Bar (Поглощение), Inside Bar и PPR Bar. Цвета паттернов: Задает цвета для отображения каждого паттерна на графике. Цвет свечей: Позволяет задать нейтральный цвет для свечей неподходящих под прйс экшн. Показывать линии: Позволяет включить или отключить отображение лейблов и линий. Длинна линий: Настройка длинны линий стопа, линии входа и тейк профита. Цвет лейбла: Один цвет для всех лейблов (настраивается ниже) или цвет лейблов в цвет паттерна свечи. Вход в пин: Выбор точки входа для пин бара: голова свечи, точка закрытия бара или 50% свечи. Коэффиценты для стоп и тейк линий. Использовать тренд для прайс экшна: При включении будет показывать прайс экшн сигналы только в направлении тренда. Отображение облака тренда: Включает или отключает отображение облака тренда. Период расчета облака: Устанавливает период, за который рассчитываются максимальные и минимальные значения для облака. Чем больше период, тем более сглаженным будет облако. Цвета облака: Задает цвета для восходящего и нисходящего трендов, а также прозрачность облака. Логика работы индикатора: Pin Bar — это свеча с длинной верхней или нижней тенью и коротким телом. Логика: Если длина одной тени вдвое больше тела и противоположной тени свечи, считается, что это Pin Bar. Inside Bar — это свеча, полностью поглощенная предыдущей свечой. Логика: Если максимум и минимум текущей свечи находятся внутри предыдущей свечи, это Inside Bar. Outside Bar или Поглощение — это свеча, которая полностью поглощает предыдущую свечу. Логика: Если максимум и минимум текущей свечи выходят за пределы предыдущей свечи и закрывается за пределами предыдущей свечи, это Outside Bar. PPR Bar — это свеча, которая закрывается выше или ниже предыдущей свечи. Логика: Если текущая свеча закрывается выше максимума предыдущей свечи или ниже ее минимума, это PPR Bar. Уровни стоп-лосс: Рассчитываются на основе заданных коэффициентов. При значении 1.0 показывает правильный стоп для паттерна отталкиваясь от точки входа. Уровки тейк-профита: Рассчитываются на основе заданных коэффициентов. Создание метки: Метка создается на уровне стоп-лосс и содержит информацию о потенциальном плече и убытке. Формула для вычисления значения $: =(Общий капитал x (Максимальный процент убытка по позиции/100)) / (Разница между уровнем входа и уровнем стоп-лосс × Коэффициент, задающий уровень стоп-лосс относительно длины тени свечи × Значение фиксированного плеча). Метки содержат следующую информацию: Процент изменения цены от рекомендованной точки входа до уровня стоп-лосс. Необходимое плечо (Х: ): Уровень плеча, необходимый для достижения заданного процента убытка. (Или фиксированное значение если оно выбрано). Необходимый капитал ($: ): Сумма капитала, необходимая для открытия позиции с заданным плечом и процентом убытка (отображается только при использовании фиксированного плеча). Облако тренда определяет максимальные и минимальные значения цены за указанный период. Значение облака устанавливается в зависимости от того, совпадает ли текущая цена с максимальными или минимальными значениями. Если текущая цена закрытия равна максимальному значению, облако устанавливается на уровне минимального значения, и наоборот.
Penunjuk Pine Script®
oleh Shaman4eG
CandleStick [TradingFinder] - All Reversal & Trend Patterns🔵 Introduction "Candlesticks" patterns are used to predict price movements. We have included 5 of the best candlestick patterns that are common and very useful in "technical analysis" in this script to identify them automatically. The most important advantage of this indicator for users is saving time and high precision in identifying patterns. These patterns are "Pin Bar," "Dark Cloud," "Piercing Line," "3 Inside Bar," and "Engulfing." By using these patterns, you can predict price movements more accurately and therefore make better decisions in your trades. 🔵 How to Use Pin Bar : This pattern consists of a Candle where "Open Price," "Close Price," "High Price," and "Low Price" form the "Candle Body," and it also has "Long Shadow" and "Short Shadow." In the visual appearance of the Pin Bar pattern, we have a candle body and a pin bar shadow, where the candle body is smaller relative to the shadow. Just as the candle body plays an important role in analysis, the pin bar shadow can also be influential. The larger the pin bar shadow, the stronger the expectation of a trend reversal. When a "bearish pin bar" occurs at resistance or the chart ceiling, it can be predicted that the price trend will be downward. Similarly, at support points and the chart floor, a "bullish pin bar" can indicate an upward price movement. Additionally, patterns like "Hammer," "Shooting Star," "Hanging Man," and "Inverted Hammer" are types of pin bars. Pin bars are formed in two ways: bullish pin bars have a long lower shadow, and bearish pin bars have a long upper shadow. Important: Displaying "Bullish Pin Bar" is labeled "BuPB," and "Bearish Pin Bar" is labeled "BePB." Dark Cloud : The Dark Cloud pattern is one type of two-candle patterns that occurs at the end of an uptrend. The 2-candle pattern indicates the shape of this pattern, which actually consists of 2 candles, one bullish and one bearish. This pattern indicates a trend reversal and is quite powerful. The Dark Cloud pattern is seen when, after a bullish candle at the end of an uptrend, a bearish candle opens at a higher level (weakly, equal, or higher) than the closing point of the bullish candle and finally closes at a point approximately in the middle of the previous candle. In this indicator, the Dark Cloud pattern is identified as "Wick" and "Strong" . The difference between these two lies in the strictness of their conditions. Important: Strong Dark Cloud is labeled "SDC," and Weak Dark Cloud is labeled "WDC." Piercing Line : The Piercing candlestick pattern consists of 2 candles, the first being bearish and consistent with the previous trend, and the second being bullish. The conditions of the pattern are such that the first candle is bearish and a price gap is created between the two candles upon the opening of the next candle because its opening price is below (weakly equal to or less than) the closing price of the previous candle. Additionally, its closing price must be at least 50% above the red candle. This means that the second candle must penetrate at least 50% into the first candle. Important: Strong Piercing Line is labeled "SPL," and Weak Piercing Line is labeled "WPL." 3 Inside Bar (3 Bar Reversal) : The 3 Inside Bar pattern is a reversal pattern. This pattern consists of 3 consecutive candles and can be either bullish or bearish. In the bullish pattern (Inside Up) formed at the end of a downtrend, the last candle must be bullish, and the third candle from the end must be bearish. Additionally, the close price must be more than 50% of the third candle from the end. In the bearish pattern (Inside Down) formed at the end of an uptrend, the last candle must be bearish, and the third candle from the end must be bullish. Additionally, the close price must be less than 50% of the third candle from the end. Important: Bullish 3 Inside Bar is labeled "Bu3IB," and Bearish 3 Inside Bar is labeled "Be3IB." Engulfing : The Engulfing candlestick pattern is a reversal pattern and consists of at least two candles, where one of them completely engulfs the body of the previous or following candle due to high volatility. For this reason, the term "engulfing" is used for this pattern. This pattern occurs when the price body of a candle encompasses one or more candles before it. Engulfing candles can be bullish or bearish. Bullish Engulfing forms as a reversal candle at the end of a downtrend. Bullish Engulfing indicates strong buying power and signals the beginning of an uptrend. This pattern is a bullish candle with a long upward body that completely covers the downward body before it. Bearish Engulfing, as a reversal pattern, is a long bearish candle that engulfs the upward candle before it. Bearish Engulfing forms at the end of an uptrend and indicates the pressure of new sellers and their strong power. Additionally, forming this pattern at resistance levels and the absence of a lower shadow increases its credibility. Important: Bullish Engulfing is labeled "BuE," and Bearish Engulfing is labeled "BeE." 🔵 Settings This section, you can use the buttons "Show Pin Bar," "Show Dark Cloud," "Show Piercing Line," "Show 3 Inside Bar," and "Show Engulfing" to enable or disable the display of each of these candlestick patterns.
Penunjuk Pine Script®
oleh TFlab
4
5-Minute YEN Pivot Bars 1.0The 5-Minute YEN Pivot Bars indicator is designed to identify and highlight low-range pivot bars on 5-minute charts, specifically tailored for Yen-based pairs (e.g., GBPJPY, USDJPY). By focusing on precise pip thresholds, this tool helps traders detect potential pivot points within specific trading sessions, while avoiding inside bars and other noise often seen in low-volatility conditions. This can be particularly useful for trend traders and those looking to refine their entry points based on intraday reversals. Key Features: - Customized Pip Thresholds for Yen Pairs: The indicator is pre-configured for Yen pairs, where 1 pip is typically represented by 0.01. It applies these thresholds: - Limited Range: 4 pips or less between open and close prices. - High/Low Directionality: At least 3 pips from the close/open to the bar's high or low. - Open/Close Proximity: 4 pips or less between open and close. - Inside Bar Tolerance: A tolerance of 3 pips for inside bars, helping reduce false signals from bars contained within the previous bar's range. - Session-Specific Alerts: - The indicator allows you to enable alerts for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). You can adjust these times based on your own trading hours or timezone preferences via a time-shift setting. - Receive real-time alerts when a valid bullish or bearish pivot bar is identified within the chosen sessions, allowing you to respond to potential trade opportunities immediately. - Time Shift Customization: - Adjust the "Time Shift" parameter to account for different time zones, ensuring accurate session alignment regardless of your local time. How It Works: 1. Pivot Bar Identification: The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold, and both open and close prices are close to either the high or the low of the bar. 2. Directional Filtering: It requires the bar to show strong directional bias by enforcing an additional distance between the open/close levels and the opposite end of the bar (high/low). Only bars with this directional structure are considered for highlighting. 3. Exclusion of Inside Bars: Bars that are completely contained within the range of the previous bar are excluded (inside bars), as are consecutive inside bars. This filtering is essential to avoid marking bars that typically indicate consolidation rather than potential pivot points. 4. Session Alerts: When a valid pivot bar appears within the selected sessions, an alert is triggered, notifying the trader of a potential trading signal. Bullish and bearish signals are differentiated based on whether the close is near the high or low. How to Use: - Trend Reversals: Use this indicator to spot potential trend reversals or pullbacks on a 5-minute chart, especially within key trading sessions. - Entry and Exit Points: Highlighted bars can serve as potential entry points for traders looking to capitalize on short-term directional changes or continuation patterns. - Combine with Other Indicators: Consider pairing this tool with momentum indicators or trendlines to confirm the signals, providing a comprehensive analysis framework. Default Parameters: - Limited Range: 4 Pips - High/Low Directionality: 3 Pips - Open/Close Proximity: 4 Pips - Inside Bar Tolerance: 3 Pips - Session Alerts: Enabled for European, American, and London Close sessions - Time Shift: Default 6 (adjustable to align with different time zones) This indicator is specifically optimized for Yen pairs on 5-minute charts due to its pip calculation.
Penunjuk Pine Script®
oleh TrendFollowingTradersCommunity
Simple STRAT Tool by nnamWhat this Indicator Does This indicator is a very simple tool created specifically for experienced Straters. It was created for those Straters who fully understand the 1-2-3 Strat Scenarios, are in need of an easy to use tool, and do not want or need a lot of messy markings on their chart. The indicator simply allows the user to color code the Strat 1, 2 ,3 (Inside /Outside /Up / Down) Bars as desired and by default extends lines to the right of the chart from the Highs and Lows of the previous 2 Bars giving the user a simple reference for Strat scenario structure breaks. As shown above, the bars are color coded, but the original bar color is maintained via the border and wick. If a bar is an Outside Bar or an Inside Bar, it is still easy to identify whether or not the bar was a Bullish or Bearish 1 or 3. The same goes for 2UP and 2Down Bars - It is easy to identify Bullish or Bearish UP or DOWN Bars. Optionally, as show in the screenshot below, the user can extend the lines in both directions to get an "at a glance" better understanding of where price is currently vs previous support and resistance areas. For Straters that prefer to trade only INSIDE BAR BREAKOUTS there is an optional input setting labeled "Trade Inside Bars ONLY". This setting turns OFF the lines that extend from the 2nd previous bar back and only displays and extend lines from the previous bar IF and ONLY IF the current bar is an INSIDE (one) bar. . The User Input settings allow for the following customizations: 1. Custom Outside Bar Color 2. Custom Inside Bar Color 3. Custom 2 Up Bar Color 4. Custom 2 Down Bar Color 5. Turn ON or OFF color coded bars 6. Trade only INSIDE Bar Breakouts 7. Extend Lines Both Directions 8. Hide all Lines The customizable settings above allow the user to hide all lines and turn OFF color coding without having to fully remove the indicator from the chart. This is convenient when the user has another indicator that uses color coded bars or the lines conflict with another indicator and they need to be temporarily disabled. If you have any questions regarding this indicator please let me know. If you have any suggestions for minor tweaks to the indicator do not hesitate to ask for them. I hope you enjoy this indicator and get some usefulness from it... HAPPY TRADING!!
Penunjuk Pine Script®
oleh nnamdert
8
Three Inside [TradingFinder] 3 Inside Up & Down Chart Patterns🔵 Introduction "3 inside up" and "3 inside down" denote a duo of candlestick reversal patterns, each comprising three individual candles, commonly observed on candlestick charts. These patterns manifest as a sequence of three candles, signaling a potential loss of momentum in the current trend and a potential reversal in direction. This pattern consists of 3 consecutive candles and can be either "bullish" or "bearish". In the bullish pattern, known as "Inside Up," emerging at the conclusion of a downtrend, the final candle must exhibit bullish characteristics, while the third candle from the end must display bearish traits. Conversely, in the bearish pattern, termed "Inside Down," occurring at the culmination of an uptrend, the last candle must demonstrate bearish behavior, with the third candle from the end reflecting bullish attributes. 🔵 How to Use Using this indicator is very simple. Filtering "Strong 3 Inside Bar" and "Weak 3 Inside Bar" is a feature available in the settings section. You can turn the filter "On" or "Off." By default, the "Filter" is set to "On." " Filter: On ": " Filter: Off ": 🔵 How to Display For better display and differentiation of "Strong 3 Inside Bar" and "Weak 3 Inside Bar," when the "Filter: On" is active, the 3 Inside Bars are displayed in green and red colors. When the "Filter: Off" is active, the 3 Inside Bars are displayed in blue and black colors.
Penunjuk Pine Script®
oleh TFlab
6
VWAP forex Yesterday Hi/Low update fix This script is an updte fix of an earlier script that stopped functioning when TradingView updated Pine script. This script plots Forex (24 hour session) VWAP, yesterday's high, low, open and close (HLOC), the day before's HLOC - Also plots higher timeframe 20 emas 1 minute 5, 15, 60 period 20 ema 5 minute 15, 60 period 20 ema 15 minute 60, 120 , 240 period 20 ema 60 minute 120, 240 period 20 ema 120 minute 240, D period 20 ema 240 minute D period 20 ema Also signals inside bars (high is less than or equal to the previous bar's high and the low is greater than or equal to the previous low) the : true inside bars have a maroon triangle below the bar as well as a ">" above the bar. If subsequest bars are inside the last bar before the last true inside bar they also are marked with an ">" This is probably a slight variation from the way Leaf_West plots the inside bars. It appears that he marks all bars that are inside the original bar until one a bar has a high or low outside the original bar. But I would need to see an example on his charts. The Time Session Glitch and the Fix FX_IDC, COINBASE and BITSTAMP: The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM. Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities". There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time. I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue COINBASE and BITSTAMP open at 0000 hours GMT. Since I use lines instead of circles or crosses I had to make a small adjustment to plot the lines correctly. If it needs work let me know. Jayy
Penunjuk Pine Script®
oleh jayy
6
Inside/Outside Bar Sequence Detector# Inside/Outside Bar Sequence Detector ## English Description **Inside/Outside Bar Sequence Detector** This indicator identifies and visualizes sequences of Inside and Outside bars on any chart. It highlights important price action patterns that can signal potential market reversals or continuation moves. **Key Features:** - Automatically detects consecutive Inside bars (where price action is contained within the previous bar's range) and Outside bars (where price action exceeds the previous bar's range) - Displays sequences with customizable labels showing the pattern type - Highlights the price range of each sequence with a transparent box - Marks individual Inside bars with "i" and Outside bars with "o" below each candle - Applies special pattern recognition rules for more accurate trade signals - Fully customizable appearance including colors, opacity, and label positioning Adjust the minimum sequence length according to your trading timeframe and strategy to filter out noise and focus on significant patterns. ## 中文描述 **内包/外包K线序列检测器** 这个指标可以识别并可视化任何图表上的内包和外包K线序列。它突出显示重要的价格行为模式，这些模式可能预示市场潜在的反转或延续走势。 **主要特点：** - 自动检测连续的内包K线（价格活动被限制在前一根K线范围内）和外包K线（价格活动超出前一根K线范围） - 通过可自定义的标签显示模式类型 - 用透明框突出显示每个序列的价格范围 - 在每根K线下方用"i"标记内包蜡烛，用"o"标记外包蜡烛 - 应用特殊模式识别规则，提供更准确的交易信号 - 完全可自定义的外观，包括颜色、透明度和标签位置 根据您的交易时间框架和策略调整最小序列长度，以过滤噪音并专注于重要模式。
Penunjuk Pine Script®
oleh WendellZhang
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
1
Hikkake PatternLifted description from web: Hikkake means to trap, trick, or ensnare. Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the range of the preceding price bar. Inside bars are typical on price charts of most timeframes. While you’ll often find inside bars in congested markets, they also offer a low-risk entry point for price action traders. The contracted range of an inside bar offers a natural tight stop-loss. Hence, inside bar breakouts seem attractive. However, if you are patient and focus on identifying false breakouts, you might be able to find more reliable trading setups in the form of Hikkakes. In a nutshell, the Hikkake pattern offers a systematic approach to trading false inside bar breakouts. As a filter I incorporated VWAP into the code to only trigger Bullish / Bearish signals when price is Above/Below VWAP respectively. The ATR is used to create a Stop buffer (red cross) for the Entry signal ( green dot ). The R1 and R2 (orange squares) are two possible profit targets that are customizable to different Risk multiples based upon the difference between Entry and Stop.
Penunjuk Pine Script®
oleh norok
3
Advance Trading SystemThis Price Action + Volume based indicator combines Multi‑Timeframe swing structure, volume ranking, liquidity zones and auto long/short signal generation to create an “Advance Trading System” that displays OB (order block‑like) levels, dashboard and entry/exit labels on the chart. What this indicator does Looks at recent candles on different timeframes to determine if the trend is more “bullish” or “bearish” (considers it bullish if at least 2 out of 3 timeframes agree). Picks up the recent swing points where the price can reverse and plots green/red lines on them (called “Buy OB”/“Sell OB” here). Shows when volume has increased, whether the bar is an inside-bar or not, and a small dashboard in the top-right that shows the trend, reversal levels, volume and LTF/HTF signals. What are the buttons/settings Swing Strength: Based on how many bars the recent swing high/low will be confirmed; if the number increases, the signal will come late but with more confidence. Volume Avg Period: How many bars the volume should be averaged from; this checks “whether the volume is strong or not”. Show HH/HL/LH/LL Labels: Switch to show/hide swing labels by writing them on the chart. Show Dashboard: Small panel on/off in the top-right. Signal Mode: Auto, Long Only, Short Only or Both—that is, whether to follow the auto-trend or see only buy/sell. LTF/HTF: Choose lower and higher timeframes; also 15m/30m/1h/4h are scanned in the background to understand the recent direction. How to identify trends and swings Candle patterns: Simple rule—if the latest candle is biased (e.g. a strong bull/bear or a particularly long wick candle), then the signal for that TF is 1 (bull) or -1 (bear); otherwise 0. Three TFs: Lower, Mid (which is the chart TF), and Higher—the non-zero signal is considered the “last known direction”; then the number of the three is counted as bull/bear. Swing high/low: The most recent “solid” high/low on the chart is considered the highest/lowest within a few bars to the left or right; this indicates whether the new high is above (HH) or below (LH) the old one, and whether the new low is above (HL) or below (LL). What are the green/red lines If the trend is bullish (at least 2 out of 3 TFs are bullish), a green line is drawn near the previous confirmed low—here it is called Buy OB; the idea is that if the price comes near this zone, a bounce is expected. On a bearish trend, a red line is drawn near the previous confirmed high—Sell OB—which means if the price comes near that zone, a drop is expected. Volume colors and inside-bars color of each bar is determined by the volume ranking: orange/yellow for low volume, varying shades of blue for high volume; if an inside-bar is formed (both high/low inside the previous bar) the bar is darkened to draw attention. Simple estimation of liquidity zone When the recent swing high is formed, the total volume is looked at in the surrounding few bars (eg: 3-3 bars before/after) and the upper/lower edge is noted where the maximum concentration is - this is considered as the liquidity zone. The same is done for the high TF as well and the average of both is taken to form an MTF zone to get a big-picture picture. What the dashboard shows Trend (Multi‑TF): HL/HH indicates bullish trend, LH/LL indicates bearish trend; color green/red. Reversal Level: Level where the recent reversal was confirmed (high/low of the last confirmed swing). Volume vs Prev: Volume higher/lower/equal to the previous bar. Volume: Raw number, color green/red depending on whether Price is buy or sell. LTF/HTF: Last received signal as BUY/SELL. How entry/exit signals are formed Basic conditions: Mood bias: at least 2 TFs in the same direction. Volume strength: current volume is well above average and higher than the previous bar—i.e. there is real juice. Near zone: price is in a small band around the green/red line (e.g. within about -2% to +1% for Buy). Long Entry : all three conditions above are met on the previous close of the bar in the buy direction; Short Entry is the opposite. Exit rule is also placed on the previous bar of the opposite signal, so that everything is on a “confirmed close” and false shocks are minimized. Labels: once the signal is confirmed, the labels “LONG ENTRY”, “LONG EXIT”, “SHORT ENTRY”, “SHORT EXIT” are applied to the chart on the previous bar itself, with a small ATR-based gap for clear reading. How Auto/Manual modes work Auto (TF Based): The system will decide whether to look at Long Only, Short Only, or Both—depending on the Multi‑TF trend. Long Only/Short Only: Only signals from that side will be generated; Both will generate both. What to look for in the limits Swing confirmation takes time, as you have to wait for a few bars to the right—so the signal is more reliable with a slight delay. The term “OB” is used here for a simple level; this is not pro-level order-block detection (such as with FVG/break-off-structure), but it works well with this system. Volume ranking is simple; ties are possible at equal volume, which can reduce precision in color-coding. How to use First check the trend from the dashboard: focus on the buy zone if HL/HH, sell zone if LH/LL. Then check if there is a volume spike; without volume confirmation it is better to skip signals. When the price is right near the green/red line, only work with a confirmed signal on the previous close bar, avoid rushing in between. This can be made more robust if desired by adding true order‑block, FVG, and additional confirmations (such as RSI/MACD/Structure Break); but the base idea is to combine multi‑timeframe trend + swing levels + volume strength + zone close to produce simple, Tradeable and confirmed signals.
Penunjuk Pine Script®
oleh cnagda3
Impactful pattern and candles pattern AlertThe Alertion indicator! impactful pattern: pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price. It is helpful for price action traders and those who want to decrease their risk. There are 3 IP patterns: Quasimodo Head and shoulder whipsaw engulfing These patterns may occur near the zone or may not occur but by them, you can decrease your trading risk for example you can trade with half lot before IP pattern and enter with other half after pattern. how to use? for example: you find zone at 1h timeframe for short position when price enter to your zone you run this indicator and choose your lower timeframe, for example 15m and click on short position. Then make the alert by right-click on your chart and choose the add alert and at condition box choose the impactful pattern and then click on create now wait for message :) Candles pattern: like reversal bar, key reversal bar, exhaustion bar, pin bar, two-bar reversal, tree-bar reversal, inside bar, outside bar these occur when the trend turn, so it is usable when the price enter to your zone or near your zone. This pattern can decrease your risk. Inside bar and outside bar: if this pattern engulf up, it is bullish pattern and if engulf down, it is bearish pattern. what does this indicator do? this indicator is for making alert it helps you to decrease your risk and failure. You optimize it to alert you when IP pattern happen or candle pattern happen or inside bar or outside bar engulfing or all of them. For IP pattern, it will message you entry and stop limit price. It works at 2 different timeframes, so you can make alert for example in 1h TF for candles pattern and 15m TF for IP pattern. Indicator will alert you for candles pattern at your chart timeframe and for IP pattern at timeframe you've chosen when you run the indicator, and it is changeable in setting. setting options TIMEFRAME IP: select the timeframe for IP patterns it means when IP pattern happen at that timeframe the indicator will alert you example = your TF is 1h, you found the supply zone and want to trade, note that IP pattern happen in lower TF, so you select 15m TF or TF lower than 1h. Short position: select it if you want to make short position. BUFFERING indicator send you entry and stop limit price you can change it by amount of percent it is your strategy to change your entry and stop loss or not example= in head and shoulder pattern at short position, the stop limit is high price of head in pattern so the indicator will message you the exact price but if you want to put your stop limit 5 percent upper than exact price you can enter 5 in front of stop loss or you want to enter 5 percent lower than exact high price of shoulder, you can optimize it. ALERTION you choose what alert you want IP alert or candle alert or inside and outside bar alert type your text for alert you can write additional text for your message ADVANCE IP alert frequency option: 1. Once per bar : indicator will alert you for IP pattern once at your chat timeframe bar, and you should wait til next bar for next alert. 2. Once per bar close : alert you when your chart timeframe bar closed and next alert will happen when next bar is closed. 3. All: alert you all the times IP pattern happen pivot left and right bars: lower will find smaller pattern at the END: this indicator is not strategy it is part of your strategy that help you to increase your winning rate. It is helpful for scalping and candle patterns finding. After you make an alert, you can delete the indicator or change your timeframe or make another alert, your previous alert won’t change. Thank you all.
Penunjuk Pine Script®
oleh erfan_abedi
1
1-3-1 Strat Combo with 50% Level (12h)Logic Explanation 1-3-1 Combo Detection: The script detects the 1-3-1 pattern using the previous 3 candles: Candle 4: Inside Bar (Type 1). Candle 3: Outside Bar (Type 3). Candle 2: Inside Bar (Type 1). 4th Candle Behavior: If the 4th candle (current bar): Stays an inside bar (Type 1) → isFourthInsideBar is true. Becomes a directional bar (Type 2) → isFourthDirectional is true. If either of these conditions is true, the script stops calculating and waits for the next valid 1-3-1 setup. 50% Level Calculation: If the conditions are not met (e.g., the 4th candle doesn’t stop the pattern), the script: Plots a dotted line at the 50% level of the 3rd candle. Adds a label showing the 50% level. Stop Calculations: No line, box, or label is drawn if the 4th candle is a Type 1 (inside bar) or Type 2 (directional bar). Visual Outputs: Dotted Box: Marks the 1-3-1 combo setup. 50% Line: Drawn only if the 4th candle does not invalidate the pattern. Label: Displays the 50% level of the 3rd candle. How to Use: Apply this script on the 12-hour chart. The script will: Detect valid 1-3-1 patterns. Stop drawing any calculations if the 4th candle is an inside bar (1) or a directional bar (2). Wait for the next valid 1-3-1 combo.
Penunjuk Pine Script®
oleh ruship