A candle chart that indicates congestion or resistance by the color of each candle.
The transparency of each candle is based on volume density.
Volume density is calculated as follows.
Volume density = Volume / Price range
Price range uses true range "max(high - low, abs(high - close ), abs(low - close ))".
Since volume density varies drastically by stock or...
This indicator finds trend following engulfings, and draws order blocks based on the 1st candle's range (the first candle of the engulfing pattern).
It does filter the trend with simple moving averages of 21 and 55 periods, but it doesn't filter for retracements in the trend (you should consider only the order blocks that are coming from engulfings after a retracement)
Strategy LinReg ST@RL
Strategy LinReg ST@RL is a visual trend following indicator.
It is compiled in PINE Script Version V5 language.
This indicator/strategy, based on Linear Regression Calculation, is intended to help beginners (and also the more experienced ones) to trade in the right direction of the market trend and test strategy. It allows you to avoid...
Just what it says plebiscites..... This indicator can't tell you whether you'll find true love, but it can tell you which candles are fatter.
This is CryptoFilio, your dark knight in the crypto light, shining my infinite wisdom down upon the undeserving masses.
Everything here is adjustable, not like your real candle. So you can decide what size of candle...
This indicator tries to measure the power of candle.
You can also integrate some candles to measure the power. The “Length” is for integrating candles. If the Length is equal 5, it means indicator calculate power of recent 5 candles.
The second editable factor in “Shadow index” which represent the power of shadows.
The last factor in Average Criteria which is...
Price deduction annotation with 20, 60 and 120. This indicator is very useful for prediction of the future trend with the help of the simple moving average line, i.e. the SMA.
Important notes:
1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 7.5 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000.
2. This strategy also takes into account of...
This indicator plots the OHLC of a previous HTF candle with an option to show the HTF candle too on the lower timeframe.
(uses latest pine script version 5)
Options:
1. Custom timeframe (requires a higher timeframe from current chart period)
2. Show or hide OC and/or LH lines of previous candle
3. Show or hide the candle at the beginning of the new...
This is a very simple script that marks out candles that have a flat candle open (no wick).
Price likes to revisit the open of no wick candles.
Works best with XBTUSD and a minimum TF of 30m.
CANDLES COLORED GREEN OR RED ACCORDING TO BUY & SELL PRESSURE
This indicator paints each candle green, red or blue depending on whether the buy/sell pressure for that candle is bullish, bearish or neutral.
***TURN OFF NORMAL CANDLE COLORS***
For this script to show properly on the chart, make sure you go to chart settings(gear icon in top right corner) and in...
