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Candlestick analysis

Candle/RSI BUY SELLWhy Use Candlesticks? They help traders visualize price action Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer) Assist in determining entry and exit points Why Traders Use RSI: To identify potential reversal zones To confirm trend strength To detect divergences between price and momentum Why Combine Candlestick Patterns with RSI? Using Candlestick patterns together with the Relative Strength Index (RSI) enhances trading decisions by combining price action and momentum analysis. Conclusion: Combining RSI with Candlestick patterns allows traders to: Confirm potential reversals Filter false signals Improve entry and exit timing Make more confident and accurate decisions How It Works: RSI Calculation Custom RSI is calculated manually using Wilder's smoothing technique. MA or BB Option User can select whether to apply a smoothing MA or Bollinger Bands to RSI (useful for visual enhancements or custom strategies). Buy/Sell Logic check for: Buy when the current candle is bullish (open <= close) and the previous candle was bearish (open >= close ), AND RSI is ≥ 50. Sell when current candle is bearish and previous was bullish, AND RSI is ≤ 50. Plot Buy/Sell Labels Final Verdict code is: Valid (no syntax errors) Useful (combines candlestick confirmation + RSI strength) Extendable (can add divergence, alerts, etc.) This Timeframe 5 min
Indicatore Pine Script®
di dudedicate26
BVB dominance bars Hello everyone, this is my first indicator. these candles shows you who's in control. I like to think its some what close to heikin ashi candles as it shows you the Trend but doesn't average it out. also shows you when there is indecision. please read the instructions on how it works. its not a stand alone strategy. but adds value to your own strategy. 📖 How It Works The BvB Dominance Bars indicator is a visual tool that colors candles based on market control—whether bulls or bears are in charge. It uses a custom metric comparing the price's relationship to a smoothed moving average (EMA), then normalizes that difference over time to express relative bullish or bearish pressure. Here’s the breakdown: Bulls vs Bears Logic: A short-term EMA (default: 14-period) is used to establish a midpoint reference. Bull Pressure is calculated as how far the high is above this EMA. Bear Pressure is how far the low is below this EMA. These are normalized over a lookback period (default: 120 bars) to produce percentile scores (0–100) for both bulls and bears. Dominance & Color Coding: The indicator compares normalized bull and bear scores. Candles are color-coded based on: Bright Lime: Strong Bull Dominance (with high confidence) Soft Lime/Yellow: Moderate Bull Control Bright Red: Strong Bear Dominance Soft Red/Yellow: Moderate Bear Control Gray: Neutral/Low conviction Optional Live Label: A small floating label shows who has control: “Bull Control,” “Bear Control,” or “Neutral.” 🧠 How to Use It (Example Strategy) The BvB Dominance Bars indicator is not a standalone buy/sell signal but a market sentiment overlay. It’s most effective when combined with your own strategy, like price action or trend-following tools. Here’s an example use case: 🧪 Reversal Confirmation Strategy Objective: Catch high-probability reversals during key kill zones or supply/demand levels. Setup: Mark your key support/resistance zones using your standard method (e.g., FVGs, liquidity sweeps, or ICT PD arrays). Wait for price to reach one of these zones. Watch candle colors from the BvB Dominance Bars: If you expect a bullish reversal, wait for a transition from red/gray candles to lime green or bright lime (bullish dominance taking over). If you expect a bearish reversal, look for a change from green/gray to red or bright red. Entry Filter: Only enter if the dominant color holds for 2+ candles. Avoid trades when candles are gray or yellow (indecision/neutral). Exit Option: Exit if dominance shifts against you (e.g., from lime to red), or use structure-based stops. ⚙️ Settings You Can Adjust: BvB Period: Controls how fast EMA responds. Bars Back: Determines how long the normalization looks back. Thresholds: Influence how strong the dominance must be to change candle color. ✅ Best Used When: You already have a bias and just want a confirmation of sentiment. You're trading intraday and want a feel for shifting momentum without relying on noisy indicators. You want a clean, color-coded overlay to help filter out fakeouts and indecision.
Indicatore Pine Script®
di barton_evan
1
RRC Sniper SetupRRC Sniper Setup, this looks at candles this way: Go to Market Scanner Create New Scan → "RRC Sniper Setup" Add filters listed below with timeframe logic (e.g. 1m/5m) Run scan on: Your Watchlist SPY 500 QQQ 100 AI/Momentum names 1. Reclaim Filter Find price breaking back above a key level (VWAP or EMA113) Last 1m Close > EMA 113 (1m) OR Last 5m Close > VWAP 2. Retrace Filter Price pulls back into the zone and holds within a tight range Current Price < VWAP * 1.0025 AND Current Price > VWAP * 0.9975 AND Volume (Current Candle) < Volume (Previous Candle) ✅ 3. Confirm Filter Price begins moving back up with confirmation candle and volume Last Candle Close > Last Candle Open AND Volume (Current Candle) > Volume (Previous Candle)
Indicatore Pine Script®
di Gimmedatgamma
Consolidation BoxesConsolidation Boxes — Indicator Overview : This indicator automatically detects and highlights periods of market consolidation, drawing shaded boxes around tight price ranges where the market is temporarily indecisive. It’s designed to help traders easily identify when price is moving sideways — a key phase that often precedes a breakout. Key Features : -Automatic Consolidation Detection: Recognizes when a series of candles close within a defined range and marks the area as a consolidation zone. -Customizable Parameters: Set how many candles must consolidate before a box is drawn. -Breakout Alerts: Notifies you when price breaks out above or below a consolidation box — a potential signal for trade entries. -Clean Chart Management: Optional setting to automatically remove old zones when new consolidations form. -Dynamic Box Extension: As long as price stays within the box, the zone will continue to extend until a breakout occurs. Inputs : - Minimum Consolidation Candles : Define how many candles must fit within a range to confirm a consolidation zone. - Terminate Old Zones : Automatically delete the previous zone when a new one is formed (optional). How to use : 1. Add the Indicator: Apply it to any chart — works across all timeframes and markets (e.g., crypto, stocks, forex). 2. Adjust Parameters: Choose how many candles must consolidate to form a valid box. Enable or disable zone termination to fit your preference. 3. Watch the Boxes: The indicator draws a shaded box once it detects a valid consolidation zone. The box will continue to extend as long as price stays within the range. 4. Look for Breakouts: When price breaks above or below the box, a breakout is confirmed and an alert (if enabled) will trigger — great for breakout trading strategies. 5. Use in Strategy: Combine with volume, momentum indicators, or price action to validate breakouts and filter false signals. Ideal For : Traders who want to visually identify consolidation areas and trade breakout setups with minimal manual analysis. Especially useful for scalpers, day traders, and swing traders looking to anticipate volatility after quiet periods.
Indicatore Pine Script®
di The_Forex_Steward
Best Fractals (Modified)"Best Fractals" Indicator – Modified Version This updated version of the "Best Fractals" TradingView indicator introduces the following improvements: ✅ Changes Implemented: Line Color Changed to Black: The horizontal lines that represent recent fractal levels are now drawn in black instead of red (for tops) and green (for bottoms). This helps ensure better visibility across various chart backgrounds. Fractal Marker Position Adjusted (Bottom Fractals): The bottom fractal triangle markers are now positioned closer to the candles by reducing the offset from -len to -1. This provides a more visually aligned and natural placement relative to price action. 🔧 Unchanged Features: Top and bottom fractals are still identified using custom logic based on the candle body highs and lows (not wicks). Triangular markers are shown above or below bars. Up to a specified number (fractalCount) of recent fractals are used to draw persistent horizontal lines.
Indicatore Pine Script®
di TradePro1000
Candle/RSI BUY SELLWhy Use Candlesticks? They help traders visualize price action Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer) Assist in determining entry and exit points Why Traders Use RSI: To identify potential reversal zones To confirm trend strength To detect divergences between price and momentum Why Combine Candlestick Patterns with RSI? Using Candlestick patterns together with the Relative Strength Index (RSI) enhances trading decisions by combining price action and momentum analysis. Conclusion: Combining RSI with Candlestick patterns allows traders to: Confirm potential reversals Filter false signals Improve entry and exit timing Make more confident and accurate decisions How It Works: RSI Calculation Custom RSI is calculated manually using Wilder's smoothing technique. MA or BB Option User can select whether to apply a smoothing MA or Bollinger Bands to RSI (useful for visual enhancements or custom strategies). Buy/Sell Logic check for: Buy when the current candle is bullish (open <= close) and the previous candle was bearish (open >= close ), AND RSI is ≥ 50. Sell when current candle is bearish and previous was bullish, AND RSI is ≤ 50. Plot Buy/Sell Labels Final Verdict code is: Valid (no syntax errors) Useful (combines candlestick confirmation + RSI strength) Extendable (can add divergence, alerts, etc.) This Timeframe 5 min email : dudedicate@gmail.com
Indicatore Pine Script®
di dudedicate26
Liquidity Sweep Reversal [Grimoire]The Liquidity Sweep Reversal indicator is designed to spot potential turning points by watching for “liquidity sweeps” above key prior highs. Specifically, it marks when price briefly pushes above levels such as: The high of the previous candle The high of the prior trading day The high of the previous week These sweeps often trigger stop-hunts or liquidity hunts, after which price frequently reverses. By highlighting those moments, the indicator helps you anticipate and trade these reversal moves more easily.
Indicatore Pine Script®
di manakas_619
RVS Reversal Signal - MA20/MA200 + RSICommon Condition: MA20 < MA200 ✅ Patterns Included: 🔹 Pattern 1 – Bullish Engulfing First candle: bearish Second candle: bullish and engulfs the first RSI ≤ 35 on at least one of the two candles 🔹 Pattern 2 – Hammer + Confirmation First candle is a hammer Next candle: Low > hammer low Close > hammer close RSI ≤ 35 on at least one of the two candles 🔹 Pattern 3 – 2 Higher Highs & Higher Lows Two consecutive bullish candles Each has: Higher high and higher low RSI < 30 on at least one of the two candles
Indicatore Pine Script®
di mtakam20
MVO Strategy FullBeter if used with Heikin Ashi Candles chart Overview This strategy is an enhanced version of a Heikin Ashi-based trading system that enters long positions on the second consecutive green Heikin Ashi candle (when the current candle is larger than the previous one) and exits on the first red Heikin Ashi candle. The strategy incorporates advanced risk management, trend filtering, volume confirmation, and time-based restrictions to improve trade reliability and performance. It is designed for traders seeking a trend-following approach with robust risk controls. Strategy Logic • Entry Condition: • Enters a long position when: • The previous Heikin Ashi candle is green. • The current Heikin Ashi candle is green and larger than the previous one. • The price is above a 50-period Simple Moving Average (SMA) to confirm a bullish trend. • Volume exceeds the 10-period SMA of volume to ensure market conviction. • The trade occurs within specified trading hours (default: 9 AM to 5 PM UTC). • No open trades exist. • Exit Condition: • Exits the long position on the first red Heikin Ashi candle. • Optional stop-loss and take-profit levels (based on ATR) can trigger an exit if hit before a red candle. • An optional trailing stop can be enabled to lock in profits during strong trends. • Risk Management: • Uses a dynamic stop-loss and take-profit based on the 14-period Average True Range (ATR). • Default position size is 10% of equity to limit risk exposure. • Visualization: • Plots Heikin Ashi candles, the trend SMA, stop-loss, and take-profit levels. • Displays “BUY” and “SELL” labels for trade entries and exits. • Shows closed trade profits as a histogram for performance tracking. Inputs • Stop Loss ATR Multiplier (Default: 2.0): Sets the stop-loss distance as a multiple of ATR. • Take Profit ATR Multiplier (Default: 3.0): Sets the take-profit distance as a multiple of ATR. • Use Trailing Stop (Default: False): Enables/disables a trailing stop. • Trailing Stop ATR Multiplier (Default: 1.5): Sets the trailing stop distance as a multiple of ATR. • Trend MA Length (Default: 50): Length of the SMA used for trend filtering. • Use Trading Hours Filter (Default: True): Restricts trading to specified hours. • Start Hour (UTC) (Default: 9): Start of allowed trading hours. • End Hour (UTC) (Default: 17): End of allowed trading hours. Features • Trend Filter: Ensures entries align with a bullish trend (price above SMA). • Volume Confirmation: Requires above-average volume for entries to confirm market strength. • Time Filter: Avoids trading during low-liquidity periods (e.g., outside major market hours). • Dynamic Risk Management: ATR-based stop-loss and take-profit adjust to market volatility. • Optional Trailing Stop: Captures larger profits in trending markets when enabled. • Enhanced Visualization: Clear plots and labels for easy trade monitoring. Usage Instructions 1. Apply to Chart: Add the strategy to your TradingView chart. 2. Adjust Inputs: Customize the ATR multipliers, SMA length, and trading hours based on your market and timeframe. 3. Backtest: Test the strategy on your chosen market (e.g., forex, stocks, crypto) and timeframe (e.g., 1H, 4H, Daily). 4. Optimize Parameters: Experiment with input settings to maximize performance for your market. 5. Monitor Trades: Use the plotted SMA, stop-loss, take-profit, and trade labels to track strategy behavior. 6. Consider Market Conditions: The strategy performs best in trending markets. Consider adding an ADX filter for choppy markets. Notes • Markets and Timeframes: Test the strategy across different markets and timeframes to ensure robustness. • Risk Management: The default 10% equity position size and ATR-based stops help manage risk, but adjust based on your risk tolerance. • Trading Hours: Modify Start Hour and End Hour to match your market’s active sessions (e.g., London/New York for forex). • Commissions and Slippage: Include realistic commission and slippage in backtests for accurate results. • Limitations: The red candle exit may lead to early exits in choppy markets. Consider enabling the trailing stop for trending conditions. Example Use Case • Forex (EUR/USD, 1H): Set Start Hour to 8 and End Hour to 17 to trade during London/New York sessions. Adjust Stop Loss ATR Multiplier to 1.5 and Take Profit ATR Multiplier to 3.0 for tighter risk control. • Crypto (BTC/USD, 4H): Enable the trailing stop for trending markets and increase Trend MA Length to 100 for smoother trend filtering. Disclaimer This strategy is for educational purposes only and does not constitute financial advice. Always backtest and validate the strategy with your own risk management rules before trading with real capital.
Strategia Pine Script®
di averagemouse954
EMA 9/21 Cross + Volume FilterThis indicator plots fast (9-period) and slow (21-period) EMAs and highlights bullish or bearish crossovers only when volume exceeds its 20-period average, filtering out low-participation whipsaws. It places “UP”/“DN” triangles on qualifying crosses and includes built-in alertcondition() triggers plus a single alert() call, so one “Any alert() function call” alert delivers real-time push, e-mail, or webhook notifications. Adjustable inputs: EMA lengths, volume-SMA length, and a toggle to show/hide signal labels. Ideal for trend-following scalps or swing entries on any timeframe and ticker.
Indicatore Pine Script®
di rktish
Reversal Patterns (RVS) Logic Summary (on ANY timeframe): 📌 Common Condition: MA20 < MA200 🔹 Pattern 1: Bullish Engulfing Two candles: First candle is bearish Second candle is bullish, engulfs the first RSI ≤ 35 on at least one of the two candles ➜ Print white RVS below the second candle 🔹 Pattern 2: Hammer Confirmation First candle is a hammer Next candle: Low is above hammer's low Close is above hammer's close RSI ≤ 35 on at least one of the two candles ➜ Print white RVS below the confirmation candle
Indicatore Pine Script®
di mtakam20