This script is designed to help traders visually track market trends using various types of moving averages (MAs) and to receive alerts when certain conditions are met. Here’s a detailed breakdown of how the script works: 1. User Inputs and Customization: MA Length: Traders can define the length of the moving average (default is 100). Confirmation Candles: The...
This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the...
🔵 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...
The "Incomplete Session Candle - Incomplete Timeframe Candle Marker" is an advanced tool tailored for technical analysts who understand the importance of accurate timeframes in their charting. While the indicator is not limited to the Indian market, its genesis is rooted in the nuances of trading sessions like those in India, which span 375 minutes from 9:15 AM to...
The "Liquidity Peaks" indicator is a tool designed to identify significant supply and demand zones based on volumetric analysis. It analyzes the volume profile within a specified lookback range to pinpoint the most volumetric point and draw corresponding zones on the price chart. The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator utilizes volume data to identify key supply and demand...
Description: The Candle Color Overlay (CCO) indicator is a powerful tool for visualizing price movements on a chart. It overlays the chart with customizable colors, highlighting bullish and bearish candles based on their open and close values. This indicator helps traders quickly identify the direction of price movements and assess market sentiment. How it...
Description: The Volume Breakout indicator (VB) is a technical analysis tool that highlights candles with significant trading volume. It helps traders identify potential breakout periods characterized by high volume activity. How it Works: The Volume Breakout indicator compares the volume of each candle with a user-defined minimum volume threshold. If the volume...
Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
╭━━━╮╱╱╱╱╱╱╭╮╱╭╮ ┃╭━━╯╱╱╱╱╱╱┃┃╱┃┃ ┃╰━━┳━━┳╮╭┳┫┃╭┫╰━┳━┳┳╮╭┳╮╭╮ ┃╭━━┫╭╮┃┃┃┣┫┃┣┫╭╮┃╭╋┫┃┃┃╰╯┃ ┃╰━━┫╰╯┃╰╯┃┃╰┫┃╰╯┃┃┃┃╰╯┃┃┃┃ ╰━━━┻━╮┣━━┻┻━┻┻━━┻╯╰┻━━┻┻┻╯ ╱╱╱╱╱╱┃┃ ╱╱╱╱╱╱╰╯ Overview Equilibrium is a tool designed to measure the buying & selling pressure in the market. It is depicted as a “pressure gauge” that automatically adjusts as new candles are formed, providing...
This indicator finds candlesticks which are confined within the range of a previous candlestick. This indicates volatility contraction which often leads to volatility expansion, i.e. large price movements. While every confined range will contain at least 1 inside bar, this indicator differs from the Inside Bar Finder which only finds consecutive inside...
- Modify 3 Timeframes to display Candle Boxes over your Chart - Thats it. - Enjoy! - If anyone implements candlestick pattern detection to this before me, please send me link, that would be sick!
Rally Candle will signal when price is at the end of a Rally to the upside and thus entering a balance phase in the market (works on all markets) This candle works very efficient when the market is either trending downwards or in range markets where price is at resistance. (i would avoid in uptrends but depends on the trader) Also we can expect this candle to...
Few Months ago I started wanted to code a candle which alerts me when a Rally may be over in Bearish Conditions and today I have created a candle which is 1. subjective but more importantly appears in areas where buying pressure is at either a climax or in the process of a decline and this is where the Rally Candle signals. This shows momentum may be shifting and...