Inizia

Candlestick analysis

Volume-Based RSI Color Indicator with MAsVolume-Based RSI Color Indicator with MAs Overview This script combines the Relative Strength Index (RSI) with volume analysis to provide an enhanced perspective on market conditions. By dynamically coloring the RSI line based on overbought/oversold conditions and volume thresholds, this indicator helps traders quickly identify high-probability reversal zones. Additionally, it incorporates short-term and long-term moving averages (MAs) of the RSI for trend analysis, making it a versatile tool for scalping and swing trading strategies. Key Features Dynamic RSI Color Coding: The RSI line changes color based on two conditions: Overbought/High Volume: RSI is above the overbought threshold (default: 70) and volume exceeds the average volume by a user-defined multiplier (default: 2.0). The line turns red, indicating potential reversal zones. Oversold/High Volume: RSI is below the oversold threshold (default: 30) and volume exceeds the average volume by the multiplier. The line turns green, suggesting potential buying opportunities. Neutral Conditions: Default blue color for all other scenarios. Volume Integration: Unlike standard RSI indicators, this script incorporates volume data to refine signals, helping traders avoid false signals in low-volume environments. RSI Moving Averages: Two moving averages of the RSI (short-term and long-term) provide trend context: 200-period MA: Highlights the long-term trend in RSI values. 20-period MA: Shows short-term fluctuations for quick decision-making. Both MAs can be calculated using Simple or Exponential methods, giving users flexibility. Visual Aids: Horizontal lines at the overbought (70) and oversold (30) levels help define the boundaries of expected price action extremes. How It Works The script calculates the RSI over a user-defined length (default: 14). Volume data is compared to its moving average to determine if it exceeds the user-defined high-volume threshold. When RSI and volume conditions align, the RSI line is dynamically colored to indicate potential overbought/oversold zones. The RSI moving averages provide additional context to confirm trends or reversals. How to Use Identify Reversal Zones: Look for green RSI signals in oversold conditions to identify potential buying opportunities. Look for red RSI signals in overbought conditions to identify potential selling opportunities. Use Moving Averages for Confirmation: When the RSI is above its 200-period MA, the long-term trend is bullish; consider only long trades. When the RSI is below its 200-period MA, the trend is bearish; consider only short trades. Combine with Other Tools: This indicator works best when used alongside price action analysis, candlestick patterns, or support/resistance levels. Originality This script is unique in combining volume analysis with RSI and RSI-specific moving averages. While many indicators focus on RSI or volume separately, this script marries these two key metrics to filter out weak signals and improve trade decision accuracy. Chart Recommendations Clean Chart: Use this indicator on a clean chart without additional overlays for maximum clarity. Timeframes: Works well on intraday charts (e.g., 5m, 15m) for scalping and on higher timeframes (e.g., 1H, 4H, Daily) for swing trading. Disclaimer This indicator is a tool to aid trading decisions and should not be used in isolation. Always consider other factors such as market conditions, news events, and risk management.
Indicatore Pine Script™
di Riccardo02
CANDLE RANGE THEORY (H1 Only)Hello traders. This indicator identifies CRT candles -Each candle is a range. -Each candle has its own po3. -Focus on specific times of the day. By recognizing the importance of time and price, we can capture high-quality trades. Together with HTF PD array, Look for 4-hour candles forming at specific times of the day. (1am - 5am - 9am EST) -After the 1st candle, wait for the 2nd candle to clear the high/low of the 1st candle and then close inside the 1st candle range at a specific time (1-5-9) and look for entries in the LTF Why choose 1 5 9 hours EST? ### **1. 1:00 AM (EST)** - **Trading Session:** This is the time between the Tokyo (Asian) session and the Sydney (Australian) session. The Asian market is very active. - **Characteristics:** - Liquidity: Moderate, as only the Asian market is active. - Volatility: Pairs involving JPY (Japanese Yen), AUD (Australian Dollar), and NZD (New Zealand Dollar) tend to have higher volatility. - Trading Opportunities: Suitable for traders who like to trade trends or news in the Asian region. - **Note:** Volatility may be lower than the London or New York session. ### **2. 5:00 AM (EST)** - **Trading Session:** This is the time near the end of the Tokyo session and the London (European) session is about to open. - **Characteristics:** - Liquidity: Starts to increase due to the preparation of the European market. - Volatility: This is the time between two trading sessions, there can be strong fluctuations, especially in major currency pairs such as EUR/USD, GBP/USD. - Trading opportunities: Suitable for breakout trading strategies when liquidity increases. - **Note:** The overlap between Tokyo and London can cause sudden fluctuations. ### **3. 9:00 AM (EST)** - **Trading sessions:** This time is within the London session and near the beginning of the New York session. - **Characteristics:** - Liquidity: Very high, as this is the period between the two largest sessions – London and New York. - Volatility: Extremely strong, especially for major currency pairs such as EUR/USD, GBP/USD, USD/JPY. - Trading opportunities: Suitable for both news trading and trend trading, as this is the time when a lot of economic data is released (usually from the US or the European region). - **Note:** High volatility can bring big profits, but also comes with high risks. ### **Summary of effects:** - **1 AM (EST):** Moderate volatility, focusing on Asian currency pairs. - **5 AM (EST):** Increased liquidity and volatility, suitable for breakout trading. - **9 AM (EST):** High volatility and high liquidity, the best time for Forex trading. ==> How to trade, when the high/low of CRT is swept, move to LTF to wait for confirmation to enter the order Only sell at high level and buy at discount price. Find CE at specific important time. Trading CRT with HTF direction has better win rate. The more inside bars, the higher the probability. Place a partial and Move breakeven at 50% range. Do a backtest and post your chart.
Indicatore Pine Script™
di Paulhdvn
1
Multi-Timeframe Candles HistogramsAt some community members' requests, I have built on the original code to make it a single indicator with the option for users to check off which timeframes they want to be shown. Choices are 1-hour, daily, weekly, and monthly. I couldn't figure out how to separate each timeframe into its own histogram, so this is the best I can offer at the moment. If any community member wants to take a crack at it, be my guest. Colors are customizable. If you have a paid TW account, you can lay it down twice and put the hour and daily on one and the weekly and monthly on the other. That said, I hope you enjoy this version of this indicator. R.I.P. Rob Smith, creator of TheStrat. --- Key Features and Benefits 1. Custom Timeframe Selection: - Choose from an array of timeframes ranging from minutes to months, giving you complete flexibility in your market analysis. - Quickly switch between different timeframes (e.g., 1-hour, daily, or weekly) to track continuity across varying levels. 2. Visual Representation of High/Low Markers: - Enable or disable the display of high and low points to better understand price ranges and reversals. - These markers allow you to spot key turning points on different timeframes, facilitating better entry or exit decisions. 3. Enhanced Candle Visualization: - Displays candles with precise price levels aligned to your chosen timeframe, giving a clearer view of price trends. - Candles are color-coded to reflect price movement, which is customizable by the user. --- How to Use This Indicator Monitor Multiple Timeframes Simultaneously: - Place the indicator on your chart and choose the timeframes you want to follow (e.g., hourly, daily, weekly, monthly). - For each instance, checkmark the desired timeframes in the menu to ensure that you’re tracking the right period. Achieve Timeframe Continuity: - By aligning lower timeframes with higher ones, this tool helps you confirm trends, detect reversals, and avoid trades that go against the broader market movement. --- Why This Indicator is Valuable for Traders This tool simplifies a core principle of TheStrat—full timeframe continuity—by visually representing price action across multiple timeframes in a clear and actionable way. It removes the guesswork and helps traders stay in sync with market momentum, regardless of the timeframe they are analyzing. This solution offers flexibility, clarity, and speed, enabling traders to quickly grasp critical movements and improve decision-making. Whether you are a scalper focusing on intraday moves or a swing trader watching weekly trends, this tool empowers you to maintain alignment with the overall market structure. In essence, it brings the power of TheStrat to your fingertips by offering precise and easy-to-read visual aids, allowing you to seamlessly apply Rob Smith’s philosophy to your trading.
Indicatore Pine Script™
di hardwaybets
Kamal 5 Tick Trading SetupKamal 5 Tick Trading Setup The "Kamal 5 Tick Trading Setup" is a custom indicator designed by Kamal Preet Singh Trader for TradingView to identify potential Buy and Sell signals on daily forex charts. This indicator helps traders make informed decisions based on the price action of the previous five daily candles. Indicator Logic: Buy Signal: A Buy signal is generated when the closing price of the current candle exceeds the highest high of the previous five daily candles. Sell Signal: A Sell signal is generated when the closing price of the current candle falls below the lowest low of the previous five daily candles. Features: Lookback Period: The indicator uses a lookback period of five candles to determine the highest high and lowest low. Visual Signals: Buy signals are plotted as green "BUY" labels below the candles, while Sell signals are plotted as red "SELL" labels above the candles. Debugging Plots: The highest high and lowest low of the previous five candles are plotted as blue and orange lines, respectively, to help verify the conditions for Buy and Sell signals. Non-Repetitive Signals: The indicator ensures that once a Buy signal is given, no further Buy signals are generated until a Sell signal is given, and vice versa. Usage: Apply the indicator to your daily forex chart in TradingView. Observe the plotted Buy and Sell signals to identify potential entry and exit points. Use the debugging plots to ensure the conditions for the signals are being met correctly. This indicator provides a straightforward approach to trading based on recent price action, helping traders capitalize on potential breakout and breakdown opportunities.
Indicatore Pine Script™
di kamal.ventura
Noteworthy CandlesticksThis indicator identifies noteworthy candlestick formations by analyzing the proportions of a candlestick’s body, wicks, and shadows in relation to its total range. It highlights specific patterns to assist in analyzing potential market activity. Key Features Lower Wick Candles: It identifies candlesticks with long lower wicks, which may indicate price rejection at lower levels. Upper Wick Candles: It detects candlesticks with long upper wicks, which may indicate price rejection at higher levels. Doji Candles: It recognizes candlesticks with small bodies relative to their range, often associated with market indecision. Definitions of Wicks and Shadows In traditional candlestick charting, the terms wick and shadow are interchangeable, referring to the thin lines extending above and below the candlestick's body. However, this indicator uses distinct definitions: Wicks represent the distance from the edges of the candlestick body (the open and close prices) to the high or low. Shadows measure the distance from the closing price to the high or low of the candlestick. By distinguishing between wicks and shadows, the indicator provides separate insights into price extremes (wicks) and price behavior around the close (shadows). How It Works The indicator evaluates each candlestick against user-defined thresholds for wick and shadow length. It compares the overall range of the candlestick to the ATR (Average True Range) to ensure patterns are relevant in the context of recent volatility. Candlesticks with noteworthy lower wicks are marked with a symbol below the bar. Candlesticks with noteworthy upper wicks are marked with a symbol above the bar. Doji candles are marked with symbols both above and below the bar. Applications This indicator can assist traders in identifying potential areas of price reversal, rejection, or indecision. It can also provide additional context when used alongside other technical tools like volume analysis, trendlines, or support and resistance levels. Acknowledgment This description was written by ChatGPT to facilitate the understanding of the indicator's features and functionality.
Indicatore Pine Script™
di abuzka
2
ELC Indicator**ELC Indicator – Enigma Liquidity Concept** The ELC Indicator is a cutting-edge tool designed for traders who want to leverage price action and liquidity concepts for high-precision trading opportunities. Unlike conventional indicators that rely purely on trend-following or oscillatory methods, ELC incorporates a unique combination of market structure, Fibonacci retracement levels, and dynamic EMA filtering to detect key buy and sell zones. This original approach helps traders capture the most relevant market movements and anticipate potential reversals with higher confidence. --- ### **What the ELC Indicator Does** The primary goal of the ELC Indicator is to identify liquidity zones and plot Fibonacci-based levels around detected buy or sell signals. It continuously monitors price action to identify instances where significant liquidity grabs occur, signaled by breakouts beyond recent highs or lows. Once a signal is detected, the indicator plots horizontal lines at key Fibonacci ratios (0%, 25%, 50%, 75%, 100%, 120%, and 180%) to give traders a clear visual framework for potential retracement or extension levels. Additionally, the indicator includes a dynamic EMA filter, which ensures that buy signals are only triggered when the price is above the EMA and sell signals when the price is below the EMA. This filtering mechanism helps reduce false signals in choppy markets and aligns trades with the broader trend direction. --- ### **Key Features** 1. **Buy & Sell Signals** - Buy signals are generated when a liquidity grab occurs below the previous low, and the closing price is above the candle body midpoint and the EMA. - Sell signals are triggered when a liquidity grab occurs above the previous high, and the closing price is below the candle body midpoint and the EMA. - Visual cues are provided via small upward (green) and downward (red) triangles on the chart. 2. **Fibonacci Levels** - For each buy or sell signal, the indicator plots multiple horizontal lines at key Fibonacci levels. These levels can help traders set realistic profit targets and stop-loss levels. - The plotted lines can be customized in terms of style (solid, dotted, dashed) and color (buy and sell line colors). 3. **Dynamic EMA Filtering** - A customizable EMA filter is integrated into the logic to align trades with the prevailing trend. - The EMA length is adjustable, allowing traders to fine-tune the indicator based on their trading style and market conditions. 4. **Alert System** - Alerts can be enabled for both buy and sell signals, ensuring traders never miss an opportunity even when away from the screen. - Alerts are triggered once per bar, ensuring timely notifications without excessive noise. 5. **Customizable Signal Visibility** - Traders can toggle the visibility of the last 9 buy and sell signals. When this option is disabled, only the most recent signal is displayed, helping to declutter the chart. --- ### **How to Use the ELC Indicator** - **Trend Following**: The ELC Indicator works well in trending markets by filtering signals based on the EMA direction. Traders can use the plotted Fibonacci levels to enter trades, set profit targets, and manage risk. - **Reversal Trading**: The liquidity grab detection mechanism allows traders to capture potential market reversals. By waiting for price retracements to key Fibonacci levels after a signal, traders can enter trades with a favorable risk-to-reward ratio. - **Scalping & Day Trading**: With its ability to plot key intraday levels and generate real-time alerts, the ELC Indicator is particularly useful for scalpers and day traders looking to exploit short-term market inefficiencies. --- ### **Concepts Underlying the Calculations** 1. **Liquidity Grabs**: The ELC Indicator’s core logic is based on detecting instances where the market moves beyond a recent high or low, triggering a liquidity grab. This often signals a potential reversal or continuation, depending on broader market conditions. 2. **Fibonacci Ratios**: Once a signal is detected, key Fibonacci levels are plotted to provide traders with actionable zones for trade entries, profit targets, or stop-loss placements. 3. **EMA Filtering**: The EMA acts as a dynamic trend filter, ensuring that signals are aligned with the dominant market direction. This reduces the likelihood of entering trades against the prevailing trend. --- ### **Why ELC is Unique** The ELC Indicator stands out by combining multiple powerful trading concepts—liquidity, Fibonacci ratios, and EMA filtering—into a single tool that provides actionable and visually intuitive information. Unlike traditional trend-following indicators that lag behind price action, ELC proactively identifies key market turning points based on liquidity events. Its customizable features, real-time alerts, and comprehensive plotting of Fibonacci levels make it a versatile tool for traders across various styles and timeframes. Whether you're a scalper looking for intraday opportunities or a swing trader aiming to capture larger moves, the ELC Indicator offers a robust framework for identifying and executing high-probability trades. --- ### **How to Get Started** 1. Add the ELC Indicator to your chart. 2. Customize the EMA length, line colors, and style based on your preference. 3. Enable alerts to receive real-time notifications of buy and sell signals. 4. Use the plotted Fibonacci levels to plan your trade entries, profit targets, and stop-loss levels. 5. Combine the signals from ELC with your existing market analysis for optimal results. --- This unique approach makes the ELC Indicator a valuable tool for traders seeking precision, clarity, and consistency in their trading decisions.
Indicatore Pine Script™
di Niko-picasso369
反彈三次突破策略策略說明 (Strategy Explanation) 英文 (English) This strategy is called "反彈三次突破策略" (Three Rebound Breakthrough Strategy). It is designed to identify and trade based on three consecutive price drops followed by a rebound, ensuring certain conditions are met before entering a trade. The key components and conditions of this strategy are as follows: Moving Averages (MAs): Fast MA: The short-term moving average (e.g., 5 periods). Slow MA: The long-term moving average (e.g., 20 periods). The crossover of these MAs generates buy (long) and sell (short) signals. Average True Range (ATR): Used to calculate volatility and set stop-loss and take-profit levels. Three Consecutive Drops and Rebounds: The strategy identifies three consecutive drops in price, each creating a new lower low (low1, low2, low3). After the third drop, the price must rebound and break above the previous low's rebound height. Parallel Channel: A parallel channel is drawn between the lowest points (low1 and low3) to visualize the price range. Two lines (lower and upper) form the channel. Entry and Exit Conditions: Entry signals are based on MA crossovers and the three rebound condition. Stop-loss and take-profit levels are set using ATR-based calculations. Labels are added to the chart to indicate stop-loss and take-profit points. 中文 (Chinese) 這個策略叫做 "反彈三次突破策略"。其目的是識別並基於三次連續價格下跌後的反彈進行交易，並確保在進行交易之前滿足某些條件。該策略的關鍵組成部分和條件如下： 移動平均線 (MAs): 快速均線：短期移動平均線（例如，5 期）。 慢速均線：長期移動平均線（例如，20 期）。 這些均線的交叉產生買入（做多）和賣出（做空）信號。 真實波動範圍 (ATR): 用於計算波動性並設置止損和止盈水平。 三次連續下跌和反彈： 該策略識別連續三次的價格下跌，每次都創下更低的低點（low1、low2、low3）。 在第三次下跌後，價格必須反彈並突破前一個低點的反彈高度。 平行通道： 在最低點（low1 和 low3）之間繪製平行通道，以可視化價格區間。 兩條線（下邊界和上邊界）形成通道。 進出場條件： 進場信號基於均線交叉和三次反彈條件。 使用基於 ATR 的計算設置止損和止盈水平。 在圖表上添加標籤以指示止損和止盈點。
Strategia Pine Script™
di good20046
Advanced Strategy: Buy and Sell//@version=5 indicator("Advanced Strategy: Buy and Sell", overlay=true) // User Inputs ema_fast_length = input.int(12, title="EMA Fast Period") ema_slow_length = input.int(26, title="EMA Slow Period") rsi_period = input.int(14, title="RSI Period") macd_fast = input.int(12, title="MACD Fast Period") macd_slow = input.int(26, title="MACD Slow Period") macd_signal = input.int(9, title="MACD Signal Period") bb_length = input.int(20, title="Bollinger Bands Period") bb_mult = input.float(2.0, title="Bollinger Bands Std Dev") adx_period = input.int(14, title="ADX Period") adx_threshold = input.int(20, title="Minimum ADX for Trend Validation") // Indicator Calculations ema_fast = ta.ema(close, ema_fast_length) ema_slow = ta.ema(close, ema_slow_length) rsi = ta.rsi(close, rsi_period) = ta.macd(close, macd_fast, macd_slow, macd_signal) = ta.bb(close, bb_length, bb_mult) // ADX Calculation true_range = ta.rma(ta.tr, adx_period) plus_dm = ta.rma(ta.change(high) > ta.change(low) ? math.max(ta.change(high), 0) : 0, adx_period) minus_dm = ta.rma(ta.change(low) > ta.change(high) ? math.max(ta.change(low), 0) : 0, adx_period) plus_di = (plus_dm / true_range) * 100 minus_di = (minus_dm / true_range) * 100 dx = math.abs(plus_di - minus_di) / (plus_di + minus_di) * 100 adx = ta.rma(dx, adx_period) // Buy Rules buy_signal = ta.crossover(ema_fast, ema_slow) and rsi < 50 and macd_line > signal_line and close < bb_lower and adx > adx_threshold // Sell Rules sell_signal = ta.crossunder(ema_fast, ema_slow) and rsi > 50 and macd_line < signal_line and close > bb_upper and adx > adx_threshold // Plot Indicators on the Chart plot(ema_fast, color=color.green, title="EMA Fast") plot(ema_slow, color=color.red, title="EMA Slow") plot(bb_upper, color=color.orange, title="Bollinger Upper Band") plot(bb_lower, color=color.orange, title="Bollinger Lower Band") // Buy and Sell Signals plotshape(buy_signal, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal") plotshape(sell_signal, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, title="Sell Signal") // Alerts alertcondition(buy_signal, title="Buy Alert", message="Buy Signal Detected!") alertcondition(sell_signal, title="Sell Alert", message="Sell Signal Detected!")
Indicatore Pine Script™
di spiritedMaster88189
Buyside & Sellside Liquidity and FOMO & PANİK]We Added Advanced Features to LuxAlgo’s Buy-Side and Sell-Side Liquidity Indicator Buy-Side and Sell-Side Liquidity (Liquidity Hunt) indicators are an important tool for understanding market maker manipulations and analyzing price movements in high-volume areas. This indicator from LuxAlgo allows users to better evaluate the market’s liquidity flow. However, we have made some strategic improvements and additions to further enhance the functionality of this powerful tool. --- Features We Added to the Indicator 1. Liquidity Threshold and Analysis by Time Frames The user can analyze liquidity movements in different time frames by determining short, medium and long-term periods. Thanks to the Liquidity Threshold (%) parameter, long (buy) and short (sell) levels are determined according to price change rates. Volume threshold controls are applied for each period and only high volume movements are taken into account. 2. Detection of Long and Short Liquidity Zones Buy-Side (Long) Liquidity Zones: Long entry levels below the price are determined and reaction signals are created when the price reaches this level. Sell-Side (Short) Liquidity Zones: Short entry levels above the price are determined and the levels are visualized on the chart. These zones are used to detect market maker manipulations in places where liquidity traps may occur. 3. Coloring of High Volume Candles With volume analysis, high volume candles are marked with different colors to observe the dynamics of price movements more clearly. For example, candles exceeding volume threshold levels are highlighted with distinct colors such as white, yellow or blue. 4. Analysis of Wick and Volume-Based Long/Short Traps Long trap and short trap traps are detected based on the length ratios of candle shadows (wick), ATR (Average True Range) and volume change. These traps are clearly marked on the chart and supported by market psychology signals such as FOMO (fear of missing out) and Panic to the user. 5. Proximity to Liquidity Zones and Alarm Systems We have added an algorithm that measures how close the price is to the specified liquidity zones. In this way: Price movements that are less than 2% away from the upper liquidity zone are analyzed. The same methodology is used for proximity to the middle liquidity zone and lower liquidity zone. The user is warned when a long trap or short trap occurs with the alarm system. --- FOMO and Panic Algorithm These updates include additional parameters to analyze investor psychology: FOMO (Fear of Missing Out): A FOMO signal is generated when the RSI level is high, the price is near the upper or middle liquidity zones, and sudden price/volume increases are seen. This signal allows the investor to avoid making unconscious purchases. Panic: A panic signal is triggered when the RSI level is low, the price is near the lower or middle liquidity zones, and sudden decreases are seen. This is designed to prevent investors from selling hastily. --- Benefits of the Developments 1. Prevention of Manipulations: Price movements are analyzed according to liquidity zones, aiming to protect investors against market maker manipulations. 2. Stronger Strategy with Reaction Levels: Visualization of long and short liquidity zones provides more reliable signals in trading strategies. 3. Understanding Psychological Barriers: The impact of investor behavior on the market is better analyzed with FOMO and Panic signals. 4. Advanced Filtering Based on Volume and Volatility: Volume and volatility analysis minimizes false signals. --- Conclusion With these updates, LuxAlgo’s original Buy-Side & Sell-Side Liquidity indicator has been made a more powerful tool. Users can make more informed trades by identifying important levels that market makers may target. Combining multiple variables such as volume, liquidity, RSI and psychological barriers, this system provides a more robust analysis, especially in the cryptocurrency market.
Indicatore Pine Script™
di doganayy2