ICT - Time Theory (Kill Zones & Midnight NY & GMT)This script helps you to mark the following automatically instead of doing it every day:
Midnight GMT;
Midnight NY;
Asia Session;
London Open Kill Zone;
New York Open Kill Zone;
London Close Kill Zone;
This helps if you trade intra-day with this ICT concepts.
It draws a horizontal lines instead of painting the background. (There is a limitation of around 50 vertical lines per script)
Analisi candlestick
ICT - Midnight (NY & GMT)This script helps you to mark midnight GMT & NY time automatically instead of doing it every day.
This helps if you trade intra-day using ICT concepts that refer to this times.
It draws a vertical line instead of painting the background. (There is a limitation of around 50 vertical lines per script)
RSI_OverValue with Engulfing candleThis script detects potential trend reverse and Buy or Sell spots.
It works with finding overvalued RSI and Engulfing candle after that and plotting "Buy" or "Sell" signal on price chart.
* Users can change RSI values easily from setting.
Enjoy
Relative Falling three Methods IndicatorAbstract
This script measure the related speed between rising and falling.
This script can replace binary Falling Three Methods detector and, report continuous value and estimate potential trend direction.
My suggestion of using this script is combining it with trading emotion.
Introduction
Falling Three Methods (F3M) is a candlestick pattern.
Many trading courses say traders can regard it as predicting falling will continue.
However, it is not easy to see perfect Falling Three Methods pattern from charts.
Therefore, we need an alternative method to measure it.
We can use the observation that falling is faster than rising during those time.
When falling is faster than rising, some long ( buy , call , higher , upper ) position owners may worry the price will fall very much suddenly.
When rising is faster than falling, some traders may worry they may miss buy opportunities.
Computing Related Falling Three Methods Indicator
(1) The value of rising and falling
In this script, open price is replaced with previous close price.
If the previous price is equal to the close price, than both rising and falling are equal to high-low.
If the previous price is lower than the close price, than the falling value becomes smaller, high-close+previous-low.
If the previous price is higher than the close price, than the rising value becomes smaller, high-previous+close-low.
(2) Area of value (aov)
Area of value is equal to highest-lowest. The previous close price is included.
(3) Compute weight and filter noise
We need a threshold for the noise filter. The default setting is aov/length, where length means how many days are counted.
When a rising or falling value <= threshold, it is not counted.
When a rising or falling value > threshold, the counted value = original value - threshold
and its weight = min ( counted value , threshold )
(4) compute speed
Rising speed = sum ( counted rising value ) / sum ( rising weight )
Falling speed = sum ( counted falling value ) / sum ( falling weight )
(5) Final result
Final result = Rising speed / ( Rising speed + Falling speed ) * 100 - 50
I move the middle level to 0 because 0 axis is always visible unless you cannot see negative values or you cannot see positive values.
Parameters
Length : how many days are counted. The default value is 16 just because 16=4*4, using binary characteristic.
Multi : the multiplier of noise threshold. Threshold applied = default threshold * multi
src : current not used
Conclusion
Related Falling Three Methods Indicator can measure the related speed between rising and falling.
I hope this indicator can help us to evaluate the possibility of trend continue or reversal and potential breakout direction.
After all, we care how trading emotion control the price movement and therefore we can take advantage to it.
Reference
How to trade with Falling Three Methods pattern
How to trade with Related Strength Indicator
Strength Candle NimblrTAThis is the to Mark the Candle body height is more then 50% of the Total Candle height (high-low).
It denotes strength in buying or selling depending upon the candle color.
Important part of NimblrTA.
Fibonacci Pivots Monthly and Weekly Full (no history)Fibonacci Pivots Monthly and Weekly Full (no history)
Inspired by FxChartAnalyst trader, with his great Monthly Weekly Daily Pivot Points Standard indicator
www.tradingview.com
This indicator calculates and plots both Monthly and Weekly pivots on a chart. Pivots are based on the Fibonacci ratios of the previous Month/Week candle close.
Good luck everyone!
Fibonacci Pivots Daily Full (no history)Inspired by FxChartAnalyst trader here, with his great Monthly Weekly Daily Pivot Points Standard indicator
www.tradingview.com
This one calculates Fibonacci ratios only and plots pivots based on the previous Daily close candle.
MTF CandlestickOne of the most important thing to understand in order to estimate the trend direction and its continuation is how the lower time frame candlesticks have been formed.
There are many processes by which candlesticks have been formed even if same size.
So in this script, daily candlestick is overlapped on the currently chart as default, and that can be changed.
Only real body is shown so as not to interfere with the currently chart.
HFX Kung Fu Pips Candlestick Identifier by Trader ZThis indicator identifies the following candle stick patterns:
Bullish and Bearish Engulfing
Hammer/Hanging Man, Shooting Star
Tweezer Tops and Bottoms
Doji Star
Doji Gravestone
Made for trading Forex Binary Options but can be used in any market. When the candlestick pattern emerges the script will label the pattern. A helpful visual tool for your analysis.
Enjoy!!!!
Divergent Bars[Salty]Updated an existing Divergent Bar script to be able to show all divergent bars. There are 2 set of divergent bars that can be turned on. The original one based on price and alligator lines, and a new second one that shows ALL divergent bars. The second set has lighter lines and colors to differentiate them from the filtered alligator divergent bars.
Inside Bar FailureThis indicator provides a statistical report on the Inside Bar Failure candlestick pattern popularized by Trader Dante. Based on the chart's bars, it can improve your edge on any markets and timeframes.
The Inside Bar Failure pattern refers to an Inside Bar breakout that failed to sustain momemtum and closed back within it.
The report is broken down into the different following sections: retracement , invalidation , continuation and breakout .
Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout?
While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning.
Miscellaneous
Highlights patterns on the chart;
Supports bar to bar analysis and replay functionalities;
Provides counts on the `Data Window` panel for debugging or computing your own metrics;
Settings
Show/hide for toggling different sections;
Report coloring and offset on the x axis;
Gaining Access
This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Candle Height in Percentage - ColumnsThis indicator calculates the difference in percentage between lows and highs of a candle. The orange bars show the height of the candle body (open/close) and the red/green on top show the percentage of the wicks (high/low). This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto. It also shows the Simple Moving Average of this data with the blue line.
Average Low/High Percentage DifferenceThis indicator calculates the Simple Moving Average of the difference in percentage between lows and highs of a candle. This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto.
Double Inside BarThis indicator provides a statistical report on the Double Inside Bar pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes.
A Double Inside Bar refers to a contraction where price is consolidating while making consecutive lower highs and a higher lows.
The report is broken down into the different following sections: retracement , invalidation , continuation and breakout .
Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout?
While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning.
Miscellaneous
Highlights patterns on the chart;
Supports bar to bar analysis and replay functionalities;
Provides counts on the `Data Window` panel for debugging or computing your own metrics;
Settings
Show/hide for toggling different sections;
Report coloring and offset on the x axis;
Gaining Access
This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Swing Reversal IndicatorSwing Reversal Indicator was meant to help identify pivot points on the chart which indicate momentum to buy and sell. The indicator uses 3 main questions to help plot the points:
Criteria
Did price take out yesterday's high or low?
Is today's range bigger than yesterday? (Indicates activity in price)
Is the close in the upper/lower portion of the candle? Thus, indicating momentum in that direction
This indicator was built to help me find pivot points for directional options trading however can be used for equities and forex swing trading and other strategies. Used in conjunction with a BB extreme can provide good setups.
Alerts are available for both the long and the short positions and the indicator will repaint as price moves.
The character Plotted can be changed in the settings
The size of the candle area can be changed as well if you want to tighten/loosen the trigger points based on the third question above.
Inside BarThis indicator provides a statistical report on the Inside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes.
The Inside Bar pattern refers to a candle that makes a lower high and a higher low.
The report is broken down into the different following sections: retracement , invalidation , continuation and breakout .
Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout?
While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning.
Miscellaneous
Highlights patterns on the chart;
Supports bar to bar analysis and replay functionalities;
Provides counts on the `Data Window` panel for debugging or computing your own metrics;
Settings
Show/hide for toggling different sections;
Report coloring and offset on the x axis;
Gaining Access
This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.