Previous Day Max 15-Mins Move High/LowIntroduction
This TradingView script is designed to help traders quickly identify significant price movement levels from the previous trading day based on the 15-minute time frame. It finds the largest high-to-low range of any 15-minute candle from the prior day and draws horizontal lines at those levels. These levels can help traders set potential support and resistance zones, aiding in intraday trading decisions and market analysis.
In many trading strategies, significant levels from previous sessions are crucial for determining potential support and resistance points. By identifying the largest price move from the prior day’s 15-minute candles, this script can highlight areas of market interest where volatility was at its highest. Traders can use these levels to:
Anticipate potential reversal points.
Plan entries and exits based on key support and resistance.
Gauge market sentiment by observing how the price reacts to these levels during the current session.
This can be especially valuable in fast-paced trading environments or when analyzing shorter time frames. The lines extend across all time frames, so you can use this script on higher time frames as well to see previous-day levels while zooming out.
Candle
Wick/Tail Candle MeasurementsThis indicator runs on trading view. It was programmed with pine script v5.
Once the indicator is running you can scroll your chart to any year or date on the chart, then for the input select the date your interested in knowing the length of the tails and wicks from a bar and their lengths are measured in points.
To move the measurement, you can select the vertical bar built into the indicator AFTER clicking the green label and moving it around using the vertical bar *only*. You must click the vertical bar in the middle of the label to move the indicator calculation to another bar. You can also just select the date using the input as mentioned. This indicator calculates just one bar at a time.
measurements are from bar OPEN to bar HIGH for measured WICKS regardless of the bar being long or short and from bar OPEN to bar LOW for measured TAILS also regardless of the bar being long or short.
This indicator calculates tails and wicks including the bar body in the calculations. Basically showing you how much the market moved in a certain direction for the entire duration of that Doji candle.
Its designed to measure completed bars on the daily futures charts. (Dow Jones, ES&P500, Nasdaq, Russell 2000, etc) Although it may work well on other markets. The indicator could easily be tweaked in order to work well with other markets. It is not designed for forex markets currently.
4C Data Table SuiteOverview
The 4C Data Table Suite is a versatile TradingView indicator, designed for traders who focus on the critical role of prior bar levels in their strategy. By highlighting the high and low points of previous bars, this tool aids in pinpointing crucial support and resistance zones, which often act as psychological triggers for market participants. The unique feature of this indicator is its dual-color coding: it colors bars green for bullish closes and red for bearish closes in the Prior Bar Table, and for the current timeframe, it highlights whether the current price is above (green) or below (red) these levels.
Concepts
1 — This sophisticated indicator is not just about visual cues; it provides a rich tableau of data including:
• Current timeframe countdown to bar close
• GMT-adjusted clock for precise trade timing
• Real-time updates on market internals and volatility measures such as the NYSE TICK and ATR
2 — The configuration is highly customizable, allowing users to:
• Adjust the table's positioning and text size
• Choose color settings for text, background, and borders to suit their visual preference
• Toggle the display of various data components based on their trading needs
3 — The Prior Bar Table is particularly valuable for:
• Traders using prior bar levels as triggers for trade entries and exits
• Quick visual assessment of market sentiment
• Real-time decision-making supported by dynamic color coding based on current price movements relative to prior highs and lows
Features
• Prior Bar Levels Table: Visualizes high and low levels of prior bars with intuitive color coding, aiding traders in assessing market trends.
• Dynamic Color Coding: Updates colors based on the closure of the previous bar and current price positions relative to the past bar's highs and lows.
• Comprehensive Market Data: Includes a suite of essential data such as market internals, the prior bar’s range, and the latest price information.
• Customizable Visuals: Offers extensive options for customizing the appearance and data presented, ensuring the tool fits seamlessly into any trader's strategy.
How to Use
1. To add the indicator, search for "4C Data Table Suite" under indicators on TradingView and apply it to your chart.
2. Navigate to the indicator settings to customize the display properties, including table position, color schemes, and which data points to display.
3. Utilize the toggles within the "Prior Bar Levels Table" settings to adjust the visibility and behavior of the table, depending on your trading approach.
Limitations
• This indicator is optimized for use on time-based charts and may not perform as intended on tick charts or non-standard timeframes.
• The color coding is based on the closure of bars, which may not always reflect intrabar movements, potentially affecting real-time decision-making in highly volatile markets.
Notes
• Ensure your TradingView interface is set to the correct timezone settings to align the GMT clock accurately.
• The dynamic color updates are designed to provide at-a-glance insights but should be used in conjunction with other analysis tools for best results.
*If you find that the indicator is blocking some of the candles at the bottom of the screen, go to (Chart) Settings, Canvas, and then adjust the Bottom/Top margin by increasing the % Amount.
Thanks
Special thanks to the TradingView community and developers whose feedback and insights have helped refine the functionalities of the 4C Data Table Suite. Your collaborative spirit is what makes continuous improvement possible.
Candle Body Support/Resistance [LuxAlgo]The Candle Body Support/Resistance indicator is a tool that provides Support/Resistance levels from high-volatility candles, a concept originally described by Steve Nison in "Beyond Candlesticks".
Users can define the candle body percentage used to set the detected support/resistance levels. Occurrences of price testing the returned levels are highlighted using user-customizable dots.
🔶 USAGE
Support/Resistance levels are drawn from volatile candles, that is candles having a body (range between opening and closing price) whose magnitude is larger than the Volatility Threshold , which is determined by the multiplicative factor of an ATR (Average True Range) using a user set length.
The level starts from the opening price +/- a percentage of the open-close range. Users can adjust the percentage of the candle body used as support/resistance levels respectively, with higher percentage values returning levels prone to get reached sooner by the price.
A test is considered valid when a wick passes through the Support/Resistance level while the closing price is not breaking it.
Two modes are included, Trailing and Historical , both affecting the displayed elements of the indicator, these are described in the sub-section below.
🔹 Historical
The Historical Mode will draw a separate line from every Volatile Candle . When this line is tested, a dot will be drawn.
In the above example, the red resistance line was tested once until a bullish volatile candle formed, which closed just below the resistance level. The resistance level was tested again, after which the newly created support level was broken quickly, and the price decreased. These levels proved helpful later, acting as resistance/support levels (illustrated by the extra manually drawn dashed white lines).
To prevent cluttering Support/Resistance , lines will be deleted when the line is mitigated and hasn't been tested.
When a Support/Resistance line reaches its Maximum Line Length , it will also be deleted when it has not been tested.
🔹 Trailing
When a new volatile candle of the same type (bullish/bearish) appears while the Support/Resistance isn't broken, this line will be updated with the values of the new volatile candle. This creates a trailing line and a less cluttered chart.
Unlike the Historical mode , a line will not be deleted after a while or when it is mitigated. Instead, the line won't be updated anymore. A new line will start from the next found volatile candle.
Using the same situation as the Historical Mode example, we can note the future significance of old support/resistance levels (illustrated by the extra manually drawn dashed white lines).
The user can switch between these 2 modes, each offering a unique perspective on the market. This provides a more in-depth examination of the market, enhancing the user's trading analysis.
Using a copy of our indicator while using both modes can also be helpful.
🔶 DETAILS
The Support level is the opening price of a bullish volatile candle plus a user-set percentage of the candle's body, while the Resistance level is the opening price of a bearish volatile candle minus a percentage of the candle's body.
The following example illustrates the ATR with the multiplicative factor (Volatility Threshold) where the body of Volatile candles exceeds the ATR limits. Changing the Volatility Threshold and ATR length gives users extra flexibility to adjust to their needs.
🔹 Max Line Length
When using the Historical Mode and the duration of a displayed level reaches the user-set Max Line Length value, the level will return to the last test or be deleted when it has not been tested.
🔶 SETTINGS
Display Mode: Display mode of the indicator.
Support %: Sets the distance of the Support Line from the opening price relative to the candle body.
Resistance %: Sets the distance of the Resistance Line from the opening price relative to the candle body.
🔹 Filter
Length ATR: Amount of bars for the calculation of the Average True Range.
Volatility Threshold: multiplicative factor of ATR.
Max Line Length: Maximum allowed duration/length (in bars) of a Support/Resistance level.
Reversal Candlestick Structure [LuxAlgo]The Reversal Candlestick Structure indicator detects multiple candlestick patterns occurring when trends are most likely to experience a reversal in real-time. The reversal detection method includes various settings allowing users to adjust the reversal detection algorithm more precisely.
A dashboard showing the percentage of patterns detected as reversals is also included.
🔶 USAGE
Candlestick patterns are ubiquitous to technical analysts, allowing them to detect trend continuations, reversals, and indecision.
The proposed tool effectively detects reversals by using the confluence between candlestick patterns and a reversal detection method based on the stochastic oscillator, acting as a filter for the patterns. If a candlestick pattern occurs while conditions suggest a potential reversal then the pattern is highlighted.
The displayed candle coloring allows users to observe the reversal detection method, with colored candles indicating potential reversals.
Users wanting to detect longer-term reversals can use a higher "Trend Length" setting, this can however lead to an increased amount of displayed candlestick patterns.
To prevent false positives users also have control over a "Threshold" setting in a range between (0, 100), with values closer to 100 preventing candlesticks from being detected at the start of trends.
The "Warmup Length" serves a similar purpose, and aims to prevent sudden moves to be classified as reversals. Higher values of this setting will require trends to be established for a longer period of time for reversal conditions to be detected.
🔹 Dashboard
To evaluate the role of individual candlestick patterns as potential reversal signals relative to the proposed reversal detection method, a dashboard displaying the percentage of candlestick patterns displayed (that occur when a potential reversal is detected) over the total amount detected.
Hovering on the dashboard cells of the "Reversal %" column allows displaying the total amount of patterns detected.
🔶 CANDLESTICKS PATTERNS
This tool detects 16 popular candlestick patterns, each listed in the sub-sections below.
🔹 Bullish Patterns
Hammer - A bullish reversal pattern that forms after a decline, characterized by a small body at the upper end of the trading range and a long lower shadow.
Inverted Hammer - A bullish reversal pattern that forms after a downtrend, featuring a small body at the lower end of the trading range and a long upper shadow.
Bullish Engulfing - A bullish reversal pattern where a small bearish candlestick is followed by a larger bullish candlestick that completely engulfs the previous candle.
Rising 3 - A bullish continuation pattern that consists of a long bullish candlestick followed by three smaller bearish candlesticks and then another long bullish candlestick.
3 White Soldiers - A bullish reversal pattern consisting of three consecutive long bullish candlesticks, each opening within the previous candle's body and closing higher.
Morning Star - A bullish reversal pattern made up of three candlesticks: a long bearish candlestick, followed by a short candlestick, and then a long bullish candlestick.
Bullish Harami - A bullish reversal pattern where a small bullish candlestick is completely within a previous larger bearish candlestick.
Tweezer Bottom - A bullish reversal pattern identified by an initial bullish candle, followed by a bearish candle, both having equal lows.
🔹 Bearish Patterns
Hanging Man - A bearish reversal pattern that forms after an uptrend, characterized by a small body at the upper end of the trading range and a long lower shadow.
Shooting Star - A bearish reversal pattern that forms after an uptrend, featuring a small body at the lower end of the trading range and a long upper shadow.
Bearish Engulfing - A bearish reversal pattern where a small bullish candlestick is followed by a larger bearish candlestick that completely engulfs the previous candle.
Falling 3 - A bearish continuation pattern that consists of a long bearish candlestick followed by three smaller bullish candlesticks and then another long bearish candlestick.
3 Black Crows - A bearish reversal pattern consisting of three consecutive long bearish candlesticks, each opening within the previous candle's body and closing lower.
Evening Star - A bearish reversal pattern made up of three candlesticks: a long bullish candlestick, followed by a short candlestick, and then a long bearish candlestick.
Bearish Harami - A bearish reversal pattern where a small bearish candlestick is completely within a previous larger bullish candlestick.
Tweezer Top - A bearish reversal pattern is identified by an initial bullish candle, followed by a bearish candle, both having equal highs."
🔶 SETTINGS
🔹 Patterns
Group including toggles for each of the supported candlestick patterns. Enabled toggles will allow detection of the associated candlestick pattern.
🔹 Reversal Detection
Trend Length: Determines the sensitivity of the reversal detection method to shorter-term variation, with higher values returning a detection method more sensitive to longer-term trends.
Threshold: Determines how easy it is for the reversal detection method to consider a trend at an extreme point.
Warmup Length: Warmup period in the reversal detection method, longer values will require a longer-term trend to detect potential reversals.
🔹 Style
Color Candles: Enable candle coloring on the user chart based on the reversal detection method.
Use Gradient: Use a gradient as candle coloring.
Label Size: Size of the labels displaying the detected candlesticks patterns.
🔹 Dashboard
Show Dashboard: Display the dashboard on the user chart when enabled.
Location: Dashboard location on the user chart.
Size: Size of the displayed dashboard.
Candle Size with Moving Averages and AlertsOverview
The "Candle Size with Moving Averages and Alerts" indicator is designed to provide traders with a visual representation of the size of each candle. This is useful for identifying periods of high volatility or significant price movements. The indicator also offers moving averages of the candle sizes and customizable alert thresholds to notify traders of unusually large or small candles.
Key Features
Candle Size Plot: Displays the size of each candle on a separate panel.
Moving Averages: Optionally plot moving averages of the candle sizes with customizable lengths and colors.
Alert Thresholds: Define thresholds to get alerted when candle sizes are unusually large or small.
Customizable Colors: Choose colors for different elements of the indicator.
Alerts: Visual and background color alerts for significant candle sizes.
How to Use the Indicator
Adding the Indicator to Your Chart
Open TradingView and navigate to your chart.
Click on the "Indicators" button at the top of the chart.
Search for "Candle Size with Moving Averages and Alerts."
Click on the indicator to add it to your chart.
Customizing the Indicator
Once the indicator is added to your chart, click on the settings icon (gear icon) next to the indicator's name in the chart legend.
This will open the settings panel where you can customize various parameters of the indicator.
Settings and Parameters
Show Moving Averages
Checkbox: Enable or disable the display of moving averages on the candle size plot.
MA Length 1
Input: Set the length of the first moving average (default is 14).
MA Length 2
Input: Set the length of the second moving average (default is 28).
Alert Threshold
Input: Define the threshold for alerts as a multiple of the average candle size (default is 1.5).
MA Color 1
Color Picker: Choose the color for the first moving average (default is blue).
MA Color 2
Color Picker: Choose the color for the second moving average (default is red).
Candle Size Color
Color Picker: Choose the color for the candle size plot (default is green).
Alert Threshold Color
Color Picker: Choose the color for the alert thresholds (default is orange).
Understanding the Plots
Candle Size Plot
The main plot shows the size of each candle (high minus low) in green by default.
This helps you visualize the volatility and identify significant price movements.
Moving Averages
If enabled, two moving averages are plotted on the candle size chart to help you understand the average candle size over different periods.
MA 1 (blue by default) and MA 2 (red by default) provide a smoothed view of the candle sizes.
Alert Thresholds
The upper and lower thresholds are plotted as dashed lines (orange by default).
The upper threshold indicates an unusually large candle size, while the lower threshold indicates an unusually small candle size.
Alerts and Background Colors
When the candle size exceeds the upper threshold, an alert is triggered, and the background color changes to a semi-transparent orange.
When the candle size falls below the lower threshold, an alert is triggered, and the background color changes to a semi-transparent orange.
These visual cues help you quickly identify significant candle sizes.
Example Settings
MA Length 1: 14
MA Length 2: 28
Alert Threshold: 1.5
MA Color 1: Blue
MA Color 2: Red
Candle Size Color: Green
Alert Threshold Color: Orange
HTF Candle Consistency [LuxAlgo]The HTF Candle Consistency indicator tracks the most recent candle sentiment in up to 10 Higher Timeframe (HTF) and colors the user chart candle bodies based on the dominating sentiment. Users can weigh specific timeframes more significantly.
Additionally, the script provides an HTF dashboard that displays the current directional readouts for each selected timeframe to allow for an independent HTF analysis.
🔶 USAGE
Analyzing the movement and direction of higher timeframe candles can help filter out noisy variation from the price, and could be utilized to time trades better. When the majority of recent candles from the selected timeframes are bullish, the candle body will be colored in green, if this majority is bearish it will be colored in red.
Using the "Tricolor" coloring mode introduces a third coloring option, and is used when there isn't a clear sentiment majority across the selected timeframes, this option effectively allows for filtering out unwanted trends.
Users can control the variations to be filtered out depending on their chart timeframe and the enabled HTF's in the settings. Using low timeframes with higher HTF's will gray out a larger amount of candles, disabling these timeframes, changing them, or giving higher weighting to lower HTF's will allow for obtaining more dominance detection, and as such less grayed-out candles.
As seen above, the weight function allows for precise control over the specific elements being analyzed.
This indicator also features a dashboard for viewing each timeframe's direction at the same time. By doing so, it allows for better judgment on the specific elements composing the current HTF majority.
🔶 DETAILS
This indicator is only intended for Higher Timeframe Analysis, all the input timeframes should be kept equal to or lower than your current chart timeframe.
NOTE: This is necessary for data accuracy in most multi-timeframe indicators, and is generally a good practice to keep in mind.
As a reminder, the dashboard will display the timeframe in red text if a lower timeframe is detected. It is recommended to change or disable this timeframe for your analysis.
This indicator can support up to 10 timeframes, each with independent weightings.
NOTE: When a timeframe is disabled, the dashboard will no longer display that timeframe, and it will not be used in calculations.
🔹 Candle Coloring
Candle color can be selected between 3 modes.
Tricolor (Default): Changes the color based on a 3-part split of the possible data sum range.
Bicolor: Changes the color based on the sum being greater than or less than 0.
Gradient: Uses a 3-color gradient to determine the candle color based on the possible data sum range.
🔶 SETTINGS
🔹 Higher Timeframes
Toggle: Enable/Disable the timeframe from analysis.
Timeframe: Select which timeframe to use for analysis. <- NOTE: This input reflects any custom intervals you have created on Tradingview.
Weight: Determines the Weighting (Multiplier) for the timeframe's direction.
🔹 Style
Color Mode: (More details above) Determines the color mode in use for coloring candles.
🔹 Dashboard
General Settings: Control Toggle, Location, & Size of Dashboard on your chart.
Orientation: Choose to display the dashboard in a "Vertical (default)" or "Horizontal" orientation to fit your style.
Volume Delta [hapharmonic]Volume Delta: Volume Delta is an indicator that simplifies how you analyze trading volumes and the percentage of buy-sell activities effortlessly.
As a trader or market analyst, understanding underlying volume and trade flows is critical. The Volume Delta indicator provides thorough insight into both the total volume and the percentage of buying versus selling within the current candlestick. This information is pivotal for those looking to gauge market momentum and sentiment more effectively.
Additionally, the Volume Delta indicator can plot the candlestick colors based on the percentage of the dominant buying or selling volume. The area between the open and close prices of the candlestick is considered 100% and fills with colors corresponding to the predominant volume at that percentage.
Volume Delta also integrates the concept of Net volume. This component is crucial as it reveals the real market sentiment by calculating the difference between the volume of trades executed at an uptick and those at a downtick.
🟠 Overview
This indicator now displays in two layouts. Recently, Tradingview introduced the "force_overlay=true" function in Pine Script , allowing plots to be moved to the main chart. Thus, all displays are from the same indicator.
🟠 USAGE
From the data displayed in 'plot.style_columns' , the peak area represents the entire volume, accounting for 100%. Within this area, there are two color levels indicating volume. If one type of volume, whether buying or selling, exceeds the other, the larger volume will be positioned behind and the smaller in front. This arrangement prevents the scenario where a higher buying volume obscures the smaller selling volume. Therefore, the two colors can be switched between the front and the back as needed.
As you can see, the 12 and 26-day Exponential Moving Averages (EMAs) are used, with the Volume Confirmation Length set at 6. Therefore, the crossing of the EMAs proceeds normally, but it is highlighted with three triangular arrows to indicate a high likelihood of a valid crossover. However, if the volume is insufficient, these markers won't be displayed, although the EMA crossover will still occur as usual. This can be useful for using volume to verify the significance of the EMA crossover.
🟠 Setting
If you enable the label, please be aware that the chart size will shrink, causing the candlestick display to become unclear. Therefore, you might need to select "Logarithmic" at the bottom right of your screen, or for mobile applications, press and hold on the price scale and choose "Logarithmic" to adjust the scale appropriately.
Enjoy!
Custom Candle Body Color and EMA Crossover IndicatorWe determine if the price is below EMA 9 by comparing the close price with EMA 9.
We determine if the current candle body is huge compared to the previous candle's body.
We plot EMA 9 in black color and EMA 200 in green color.
We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below.
We set the color of the candle body to red if the price is below EMA 9 and to green if the price is above EMA 9, only when the current candle body is huge compared to the previous candle's body.
Volume Delta Candles [LuxAlgo]Volume Delta Candles provides insights about Intrabar trading activity in an easy-to-interpret manner. Lower timeframe or real-time data is used for displaying Volume Delta percentage against the total volume as a coloured bar part.
The script also highlights the intrabar price with the maximum trading activity, as well as complementary information.
🔶 USAGE
The tool focuses on intrabar volume to provide more information about the trading activity associated with a candle, without having to use an external volume indicator.
Each indicator components is further explained below:
🔹 Volume Delta
The volume delta is obtained by the difference between buy volume and sell volume, where buy volume is the volume associated with a bullish intrabar candle, and sell volume with a bearish intrabar candle.
Positive volume delta is displayed with a green candle area, while negative delta is displayed with a red candle area.
🔹 Bar Coloring
The script displays VD as a percentage of the whole, or from the candle half, depending on the setting ' Display '.
Bars can be coloured as follows:
Full (100%) when Display is set at ' Full Bar '
Half (50% or 100% of half a bar) when Display is set at ' Half Bar '
A negative VD (more bearish than bullish volume) will fill the bar from the top (or centre) of the bar towards the bottom, and a positive VD will fill a bar from the bottom (or centre) of the bar towards the top.
A negative VD on a green candle will show a red-coloured VD against a green-bordered candle. On the other hand, a positive VD on a red candle will show a green-coloured VD against a red-bordered candle.
Colours for VD sentiment opposite to the candle sentiment can be set differently if desired.
🔹 Highest Volume Price Level
The script displays a white (black on light mode) line highlighting the intrabar price level with the highest volume.
When ' Show Previous Max Volume Price ' is checked, a white (black on light mode) dot is displayed 1 bar to the right.
🔶 DETAILS
🔹 Tick/LTF data
The above example used Lower TimeFrame (LTF) data.
The following example uses real-time tick data ( Settings -> Data From )
Both options, LTF or tick data, will show a vertical dotted line where the data starts.
🔹 LTF settings
When ' Data from ' LTF is chosen and ' Auto ' enabled, the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3 minute LTF
1500 (default): 1 minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
🔹 Notes
Different LTFs give different data, which means different results; this doesn't mean it isn't correct; they are just different data sets.
(LTF is displayed at the top right corner)
To ensure maximum visibility of values, we recommend using Bars from the Bar's style menu.
🔶 SETTINGS
Data from: Lower TimeFrame or real-time Tick data
Resolution: LTF setting
Auto + multiple: Adjusts the initial set resolution
Premium: Enable when your TradingView plan is Premium or higher
🔹 Intrabar Data
Colours
Display: Full/Half bar
Show previous max volume price: White/black dot, showing previous highest volume price level
🔹 Table
Show TF: Show LTF at the top right corner
Colour + table text size
🔹 Details
Show details: label with 'Volume', 'Delta' (VD) and '%'
See USAGE for more information
Truly Bullish & Bearish CandleThis Pine Script indicator identifies and highlights truly bullish and bearish candles on your chart. Truly bullish candles are characterized by a strong bullish close significantly above the specific percentage, suggesting strong buying pressure. Conversely, truly bearish candles exhibit a strong bearish close significantly below the specific percentage, indicating strong selling pressure. By identifying these candles, traders can gain insights into potential shifts in market sentiment and make more informed trading decisions.
Key Features:
Identifies truly bullish and bearish candles based on strong open/close differentials.
Highlights these candles on the chart for easy visualization.
Helps traders identify potential reversals or continuations in market trends.
Customizable parameters for fine-tuning to suit individual trading strategies.
Compatible with various timeframes and trading instruments.
Usage Instructions:
Apply the indicator to your chart.
Configure the settings according to your preferences.
Look for highlighted truly bullish and bearish candles as potential entry or exit signals.
Consider additional analysis and risk management strategies to confirm trading decisions.
Disclaimer: This indicator is provided for informational and educational purposes only. It is not intended as financial advice or trading recommendations. Trading involves risks, and it's essential to conduct thorough research and practice proper risk management techniques.
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.
Dark Cloud [TradingFinder] Piercing Line Reversal chart Pattern
🔵 Introduction
"Reversal candlestick patterns" are among the Japanese candlestick patterns considered as alerts for a potential change in the current price trend. It is often assumed that by identifying reversal candlestick patterns, the price trend will definitely change, either from bullish to bearish or from bearish to bullish. However, this claim is not entirely accurate, and a change in price trend does not always mean a reversal.
Nonetheless, the importance of reversal candlestick patterns remains significant. By recognizing these patterns, you can better predict changes in the trend with higher probability and make better trading decisions.
🔵 Dark Cloud
The "Dark Cloud" pattern occurs when, after an upward trend, buyers continue to drive the price up in the first candle. However, in the next candle, with sellers entering and increasing selling pressure, the price starts to decrease compared to the close of the previous candle.
This price decrease is significant enough that in the last candle, the price goes lower than the open of the previous candle, serving as a warning sign for a potential change in price trend.
The fundamental principles for the formation of the "Dark Cloud" pattern include :
1.Two candles consisting of a positive candle (first candle) and a negative candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Dark Cloud" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of a lower shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price resistance range, it has more strength.
🔵 Piercing Line
The "Piercing Line" pattern occurs when, after a downward trend, sellers decrease the price by offering their shares on the first day. However, on the next day, with buyers entering and increasing demand, the price starts to increase compared to the close of the previous day.
This increase is significant enough that in the last candle, the price goes higher than the open of the previous day, serving as a warning sign for a reversal in the price trend. Overall, this pattern is the opposite of the "Dark Cloud" pattern and occurs under a bearish trend.
The fundamental principles for the formation of the "Piercing Line" pattern include :
1.Two candles consisting of a negative candle (first candle) and a positive candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Piercing Line" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of an upper shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price support range, it has more strength.
🔵 How to Use
The "green circle" symbol corresponds to the "Strong Piercing Line" signal, the "blue triangle" symbol corresponds to the "Weak Piercing Line" signal, the "red circle" symbol corresponds to the "Strong Dark Cloud" signal, and the "red triangle" symbol corresponds to the "Weak Dark Cloud" signal.
🔵 Setting
Using the "Show Dark Cloud" and "Show Piercing Line" buttons, you can enable or disable the display of Dark Cloud and Piercing Line.
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.
Pattern indicatorRules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low ..
*** Candlestick we are looking for ***
1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer
Rule for searching bullish candlestick ====>
1) searching for current day high and day low
2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Rule for bearish candles ====>
1) searching for current day high and day low
2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Note -- i have created all indicator calculation ....
Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
Candlesticks Patterns [TradingFinder] Pin Bar Hammer Shooting🔵 Introduction
Truly, the title "TradingView" doesn't do justice to this excellent website, and that's why I've written about its crucial aspect. In this indicator, the identification of all candlesticks known as "Pin bars" is explored.
These candlesticks include the following:
- Hammer : A Pin bar formed at the end of a bearish trend, with its body being either bearish or bullish.
- Shooting Star : Formed at the end of a bullish trend, with its body being either bearish or bullish.
- Hanging Man : Formed during an upward trend, characterized by a candle with a lower shadow.
- Inverted Hammer : Formed during a downward trend, characterized by a candle with an upper shadow.
🟣 Important : For ease of use, we refer to these four candlestick patterns as Pin Bars and categorize them into the main friends "Bullish" and "Bearish."
🟣 Important : In all sources, Hanging Man and Inverted Hammer are referred to as "Reversal candles." However, in reality, whenever they appear after breaking a significant area (Break Out), we expect these candles to signal a continuation of the trend and confirmation in the direction of the trend.
🟣 Important : One of the best signs of market manipulation and entry by market giants is the "Ice Berg." So, it provides one of the best trading opportunities.
🔵 Reason for Creation
Many traders, especially volume traders, use Pin bars as confirmation and enter the market after their occurrence. In this indicator, all four patterns are identified and displayed in a colored candle format, using "triangle" and "circle."
When they are evident on the chart, directly or by drawing a horizontal line, they give us good alerts for reversal or continuation areas.
🔵 Information Table
1. Red circle: Pin bars formed in a downtrend.
2. Blue circle: Bullish Pin bars formed in an uptrend.
3. Black triangle: Bearish Pin bar candle in an uptrend.
4. Blue triangle: Bullish Pin bar candle in a downtrend.
🔵 Settings
Trend Detection Period: A special feature that considers smaller or larger fluctuations. If individual price waves need to be considered, use lower numbers; if the overall trend direction is desired, use larger numbers (e.g., 5-7 or higher). This precisely sets the Zigzag or Pivot format, not displayed but considered in the indicator calculation.
Trend Effect : By changing the Trend Effect status to "Off," all Pin bars, whether bullish or bearish, are displayed regardless of the current market trend. If the status remains "On," only Pin bars in the direction of the main market trend are shown.
🟣 Important : Black triangles "Number 3" and blue triangles "Number 4" displayed in the information table section, as explained in the "Information Table" section.
Show Bullish Pin Bar : When set to "Yes," displays bullish Pin bars; when set to "No," does not display them.
Show Bearish Pin Bar : When set to "Yes," allows the display of bearish Pin bars; when set to "No," does not display them.
Bullish Pin Bar Setting : Using the "Ratio Lower Shadow to Body" and "Ratio Lower Shadow to Higher Shadow" settings, you can customize your bullish Pin bar candles. Larger numbers impose stricter conditions for identifying bullish Pin bars.
Bearish Pin Bar Setting : Using the "Ratio Higher Shadow to Body" and "Ratio Higher Shadow to Lower Shadow" settings, you can customize your bearish Pin bar candles. Larger numbers impose stricter conditions for identifying bearish Pin bars.
Show Info Table : Allows the display or non-display of the information table (located at the bottom of the page and on the right side).
🔵 How to Use
At the end of a downtrend, look for "Hammer" candles, easily identified one by one.
To identify the "Shooting Star" candle pattern at the end of an uptrend; expect a price reversal in the downtrend.
For trades in the downward direction, wait for the formation of an "Inverted Hammer" Pin bar.
And finally, in an uptrend, where a "Hanging Man" candle can form.
🔵 Features
For better visualization, triangles and circles are used above the candles, but they can be easily removed. All Pin bars are displayed in color with the following meanings:
- Black-bodied candle: Inverted Hammer
- Turquoise blue candle: Hammer
- Pink candle: Hanging Man
- Red candle: Shooting Star
🟣 Important : The capability to detect the powerful two-candle pattern "Tweezer Top" at the end of an uptrend emerges by forming two "Shooting Star" candles side by side.
Similarly, the two-candle pattern "Tweezer Bottom" is created at the end of a downtrend with the formation of two "Hammer" candles side by side. To identify the "Tweezer" pattern, make sure the settings in the "Trend Effect" section are set to "Off."
🟣 Auxiliary Indicators
During the start of trading sessions such as Asia, London, and New York, where the highest liquidity exists, alongside this indicator, you can use the Trading Sessions indicator.
Sessions
The combination of Order Blocks "-OB" and "+OB" with candles is one of the best trading methods. The indicator that identifies order blocks, along with this indicator, can yield remarkable results in the success of Pin bar candles.
Order Blocks Finder
The trading toolset "TFlab" presents this indicator. To benefit from all indicators, we invite you to visit our page " TFlab Scripts ".
Candle Color By OHLC ComparisonThis indicator is designed to help you recognize the price movements within a candle/bar more quickly and easily. Typically, candle coloring is based on the opening and closing prices, but in this indicator, I followed the OHLC values in reverse order: starting with closing, low, high, and then opening. Each of these is compared with the value in the previous candle. I assigned the least importance to the opening, hence did not include it in the color determination. To make the colors memorable, I used a rainbow-like color scale; with purple representing the highest value and maroon the lowest. You can also change the colors if you wish. Additionally, if you want to set alarms, I assigned values to the candles; the highest being 16 and the lowest 1. A thicker barchart provides a better visual representation.
For instance, consider the monthly chart of the NASDAQ 100. After a prolonged positive trend, when our indicator shows a negative maroon bar (representing a low value) for the first time, it could signal a change in the trend direction. In this scenario, the appearance of the maroon bar serves as a crucial alert for investors to review their current positions or prepare for a potential downtrend. This indicator provides users with a significant advantage in identifying such critical turning points and assists them in quickly adapting to market dynamics.
Trailing Candle CounterThis script is for users who like to monitor and/or analyze a specified number of candles within the time the last candle closed. Al Brooks fans may enjoy this indicator.
While searching for an indicator that already had this functionality I found a script by @Steversteves which counted the candles/percentage within a set period of time. This let me know it could be done. In honor of Steversteves I kept the table the same colors - although, I added code to allow the table to be modified.
When opening the script the user will need to set a begin/end time to analyze – don't worry as you can set anything you want and it can be altered after the script is running.
This image shows the settings for a user to be able to set a begin time and have the indicator count all the candles from that time through to the current time and update at each candle close. The user can move the beginning time as needed. This is useful if the user is monitoring the length of a trend, wedge, channel, etc.:
If the indicator is in view and the beginning time is on the chart the user can select the table to view/select/change the beginning time.
This image shows the settings for a user to monitor the last set of candles since the last candle closed. This is useful if the user expects a pullback after a set number of candles or expects some alteration in a trend within a set number of candles. In this case the user setting is to watch five candles:
This setting is the reason for my creation of this indicator. This image shows the settings for a user to monitor two sets of candles. In this case an additional set of five candles has been added to the original set of five candles:
If one is watching for movements to last a certain number of bars when the first bar of the movement is exiting the background color the user can expect a change in the price momentum.
This image shows the same functionality as in Steversteves original script (although, I used almost none of his original code). The user can set a begin time and end time to analyze the number or red/green candles and the percentage of each within that time period.
If the indicator is in view and the beginning and end times are on the chart the user can select the table to view/select/change the times.
I hope you find this useful and if you have any questions/comments/suggestions for improvement please comment below.
Candle size in pipsDescription
Enhance your trading strategy with precision using this script, designed to measure the range of a candle from wick to wick in pips. Whether you're implementing a specific pip requirement within a candle for your strategy, or simply seeking to better understand market dynamics, this tool provides valuable insights. The script is calculating the amount of pips between the high and the low then compares it to the minimal size you declared. If the amount of pips is more or equal to minimal size it will show the label.
Features
Alert Functionality: Opt to receive alerts by checking the checkbox (default: false).
Customizable Pip Threshold: Tailor the script to your needs by setting the minimum required pips to display on the screen (default: 12).
Different shape: circle, triangle up, triangle down, none
How to Use
Personalize your trading approach by integrating this script with your preferred strategy. For instance, in my strategy involving a 3M continuation, I leverage this tool to determine the pip count of the M15 candle before making entry decisions.
Note: Ensure you understand your strategy's requirements and adjust the script settings accordingly for optimal result s.
Feel free to reach out if you have any questions or require further assistance in maximizing the utility of this script.
Range Breakout Signals (Intrabar) [LuxAlgo]The Range Breakout Signals (Intrabar) is a novel indicator highlighting trending/ranging intrabar candles and providing signals when the price breaks the extremities of a ranging intrabar candles.
🔶 USAGE
The indicator highlights candles with trending intrabar prices, with uptrending candles being highlighted in green, and down-trending candles being highlighted in red.
This highlighting is affected by the selected intrabar timeframe, with a lower timeframe returning a more precise estimation of a candle trending/ranging state.
When a candle intrabar prices are ranging the body of the candle is hidden from the chart, and one upper & lower extremities are displayed, the upper extremity is equal to the candle high and the lower extremity to the candle low. Price breaking one of these extremities generates a signal.
The indicator comes with two modes, "Trend Following" and "Reversal", these modes determine the extremities that need to be broken in order to return a signal. The "Trend Following" mode as its name suggests will provide trend-following signals, while "Reversal" will aim at providing early signals suggesting a potential reversal.
🔶 DETAILS
To determine if intrabar prices are trending or ranging we calculate the r-squared of the intrabar data, if the r-squared is above 0.5 it would suggest that lower time frame prices are trending, else ranging.
This approach allows almost obtaining a "settings" free indicator, which is uncommon. The intrabar timeframe setting only controls the intrabar precision, with a timeframe significantly lower than the chart timeframe returning more intrabar data as a result, this however might not necessarily affect the displayed information by the indicator.
🔶 SETTINGS
Intrabar Timeframe: Timeframe used to retrieve the intrabar data within a chart candle. Must be lower than the user chart timeframe.
Auto: Select the intrabar timeframe automatically. This setting is more adapted to intraday charts.
Mode: Signal generation mode.
Filter Out Successive Signals: Allows removing successive signals of the same type, returning a more easily readable chart.
YinYang Bar ForecastOverview:
YinYang Bar Forecast is a prediction indicator. It predicts the movement for High, Low, Open and Close for up to 13 bars into the future. We created this Indicator as we felt the TradingView community could benefit from a bar forecast as there wasn’t any currently available.
Our YinYang Bar Forecast is something we plan on continuously working on to better improve it, but at its current state it is still very useful and decently accurate. It features many calculations to derive what it thinks the future bars will hold. Let’s discuss some of the logic behind it:
Each bar has its High, Low, Open and Close calculated individually for highest accuracy. Within these calculations we first check which bar it is we are calculating and base our span back length that we are getting our data from based on the bar index we are generating. This helps us get a Moving Average for this bar index.
We take this MA and we apply our Custom Volume Filter calculation on it, which is essentially us dividing the current bars volume over the average volume in the last ‘Filtered Length’ (Setting) length. We take this decimal and multiply it on our MA and smooth it out with a VWMA.
We take the new Volume Filtered MA and apply a RSI Filter calculation on it. RSI Filter is where we take the difference between the high and low of this bar and we multiply it with an RSI calculation using our Volume Filtered MA. We take the result of that multiplication and either add or subtract it from the Volume Filtered MA based on if close > open. This makes our RSI Filtered MA.
Next, we do an EMA Strength Calculation which is where we check if close > ema(close, ‘EMA Averaged Length’) (Setting). Based on this condition we assign a multiplier that is applied to our RSI Filtered MA. We divide by how many bars we are predicting and add a bit to each predictive bar so that the further we go into the future the stronger the strength is.
Next we check RSI and RSI MA levels and apply multiplications based on its RSI levels and if it is greater than or less than the MA. Also it is affected by if the RSI is <= 30 and >= 70.
Finally we check the MFI and MFI MA levels and like RSI we apply multiplications based on its MFI levels and if it is greater than or less than the MA. It is also affected by if the MFI is <= 30 and >= 70.
Please note the way we calculate this may change in the future, this is just currently what we deemed works best for forecasting the future bars. Also note this script uses MA calculations out of scope for efficiency but there is potential for inconsistencies.
Innately it’s main use is the projection it provides. It only draws the bars for realtime bars and not historical ones, so the best way to backtest it is with TradingView’s Replay Tool.
Well, enough of the logic behind it, let's get to understanding how to use it:
Tutorial:
So unfortunately we aren’t able to plot legit bars/candles into the future so we’ve had to do a bit of a work around using lines and fills. As you can see here we have 4 Lines and 3 Zones:
Lines:
Green: Represents the High
Orange: Represents the Open
Teal: Represents the Close
Red: Represents the Low
Zones:
High Zone: This zone is from either Open or Close to the High and is ALWAYS filled with Green.
Open/Close Zone: This zone is from the Open to the Close and is filled with either Green or Red based on if it's greater than the previous bar (real or forecasted).
Low Zone: This zone is from either Open or Close to the Low and is ALWAYS filled with Red.
As you can see generally the Forecasted bars are generally within strong pivot locations and are a good estimation of what will likely go on. Please note, the WHOLE structure of the prediction can change based on the current bars movements and the way it affects the calculations.
Let's look 1 bar back from the current bar just so we can see what it used to Forecast:
As you can see it has changed quite a bit from the previous bar, but if you look close, we drew horizontal lines around where its projecting the next bar to be (our current realtime bar), if we go back to the live chart:
Its projections were pretty close for the high and low. Generally, right now at least, it does a much better job at predicting the high and low than it does the open and close, however we will do our best to fine tune that in future updates.
Remember, this indicator is not meant to base your trades on, but rather give you a Forecast towards the general direction of the next few bars. Somewhat like weather, the farther the bar (or day for weather), the harder it is to predict. For this reason we recommend you focusing on the first few bars as they are more accurate, but review the further ones as they may help show the trend and the way that pair will move.
We will conclude this tutorial here, hopefully this Predictive Indicator can be of some help and use to you. If you have any questions, comments, ideas or concerns please let us know.
Settings:
Forecast Length: How many bars should we predict into the Future? Max 13
Each Bar Length Multiplier: For each new Forecast bar, how many more bars are averaged? Min 2
VWMA Averaged Length: All Forecast bars are put into a VWMA, what length should we use?
EMA Averaged Length: All Forecast bars are put into a EMA, what length should we use?
Filtered Length: What length should we use for Filtered Volume and RSI?
EMA Strength Length: What length should we use for the EMA Strength
HAPPY TRADING!
Candle Size w/ SMAThis simple indicator calculates the absolute size of the candle by the open and close or high and low values and then plots it on a histogram. It also features a simple moving average with a customizable lookback to track the average candle size based on your lookback.
This indicator can be used to spot unusually large or small candles. And can also be used for testing other strategies or indicators related to candle sizes.
Candle Tick SizeHello everyone!
I dont think it exists, I couldnt find it any way I searched, maybe it is part of a bigger indicator. This is a really basic code, all it does, it shows the tick/pip size of the candles forming. You can adjust on how many candles should it show. Also because the code counts the point size of the candles from high to low, you can adjust that how many ticks are in one point, like for ES and NQ 4 ticks to a point, which is the basic setting. It helps me with entrys when I calculate the contract size so my risk/reward stays pretty much the same depending on the candle size for my entrys.
