The Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions:
* For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago.
* For a bearish...
An Order Block is a technical analysis technique that tracks the accumulation of orders (when bullish) and distribution of orders (when bearish) of banks and institutional traders. In other words, it is an area or an indication of where big institutions would pile up their orders to enter the market – their order blocks.
If you know how order blocks works and...
Base / Imbalance Candle
It automatically highlights the candle color to yellow (default) where there is imbalance between buyers and sellers or in other words, a base or fight between buyers and sellers. When you identify this base candle, you can mark the demand and supply zones easily.
Strategy taken directly from Rob Hoffman's award winning strategy. Full credit goes to him
Uses the average angle of the ema over the last 20 bars, in combination with Inventory retracement bars (candles that have retraced at least 45%)
(Please note: the angle calculation default value is calibrated for BTCUSD. There is no way currently to code it to be used...
One of the biggest complaints about Heikin Ashi is the lack of real price data you receive. This attempts to give you as much information as possible by displaying both the candle color and the Heikin Ashi color. The wick takes on the original color while the body of the candle gets the Heikin Ashi color. The only downside to this method is that you do not get to...
This is probably the only script on TradingView that's clinically proven to lower your blood pressure!***
This script in conjunction with some chart settings changes can completely hide the active candle, only showing historic candles, thus, reducing risk of cardiac arrest and or panic attack.
What to do:
0. Make sure you are using a candlestick chart or...
In the Input menu, the default value of Location is 1, and HeikinAshi can be seen overlapping the candle.
If you modify the Location value, you can overlay it separately with candle to compare.
(In this case, the HeikinAshi value is different from the actual value, so it is recommended to use it to identify the trend.)
Also, if you move HeikinAshi to a new...
Trend-following strategies are great because they give you the peace of mind that you're trading in line with the market.
However, by definition, you're always following. That means you're always a bit later than your want to be. The main challenges such strategies face are:
Confirming that there is a trend
Following the trend, hopefully, early enough to catch...
The most common way to use the RSI to spot a good buy opportunity is to check for values lower than 30. Unfortunately, the RSI can remain in oversold territory for long periods, and that could leave you trapped in a trade in loss. It would be appropriate to wait for a confirmation of the trend reversal.
In the example above I use a short-term Moving Average (in...
5 Mins Scalp on any Pair:
-Model Components:
a.EMA 200
b.VWMA 20
c. ADX
d.DI+/DI-
e.Volume ansd Average Volume
- The Model will give you the Buy/Sell signal but you have to consider:
a.The Candlestick patterns
b.How far the candle from the ema200(Blue line)
c.The vwma can be used as supporting indicator
-Trading Rules:
a.Leverage 10x
b.Take profit always: 2%...
This is an improved version of
User gets to choose how the chart patterns to be plotted.
Instructions:
1. When adding the indicator you will be asked to choose the available options which are,
Changing the bar color
Plotting shapes
2. To change the colors for the respective patterns go to indicator's settings page
3. To change the shapes and its color...
We bring you dynamically created fundamental support and resistance analysis required for any instrument a trader trades.
Support & Resistance Concept
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . As part of analyzing chart patterns, these terms are used by traders to...
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...
Hi All,
This is a Candlestick template script to be used for identifying momentum and waves.
There are only 2 types of candles - Momentum Candles ( MC - Body height >= 50%) and Indecision Candles ( IC ).
ICs are further separated as Tiny Beast based on NimblrTAs, Candle height ratio compared to certain % Open price of the day. The % varies based on TF of the...
An experiment using Pinescript's candle plotting feature. This indicator performs a linear regression on the lows, highs, and moving average, and plots them all in the form of a candlestick. If the close is below the prediction, the candlestick is red, if the close is above the regression, the candlestick is green. Effective and aesthetic way to analyze trends.
This script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone.
This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw.
This script is most beneficial for TradeLegend...
![BTCUSDT: [_ParkF]HeikinAshi](https://s3.tradingview.com/k/KWdVpm8m_mid.png "[_ParkF]HeikinAshi")
