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Candlestickpattern

CandletypesBackground information: In my price action trading principles, I normally classify the candles into four types and look for trade opportunities. The candles are classified based whether buyers or sellers is dominating, namely, Indecisive candles, Decisive candles, Counter decisive candles and Strong decisive candles. Each of these can either be buyers or sellers dominant. This Philosophy I have attempted to convert into pine script for all traders to analyze and trade. Indecisive candles: When the strength of the candle cannot be decided and we cant take any decision. Best is stay away. Something similar to conventional doji. Even though the strength is undecided, still the advantage can be towards either buyers or sellers favor. so we have Indecisive buy and indecisive sell candle Decisive candles: When the strength is tipped towards the buyers or sellers, then I call Decisive bull or Decisive sell. This candles can be used to pyramid the trade position and not for initiating the trade, as many times it could be climatic also. Counter decisive candles: These are candles , when the initial decision was towards one side and before closing of the candle, the decision was countered by the other side. There are counter decisive buy and sell. Counter decisive buy is actually a sell signal, because first buyers showed the strength later sellers overcome the buyers and become strong. Similarly counter decisive sell is a buy signal. These can be coupled with decisive candles for initiating the trading position Strong decisive candles: These candles are good for initiating trade as a standalone alert system. It is something similar to pin bar, but more precise. we have both buy and sell and they have strong tendency to move in the direction of alert. These candles at right levels form a profitable trading system. How the inputs are arranged: There are total 8 candle types and whichever trader want can be selected for display. By default, The indecisive and decisive bull signals are placed on top of the charts as square and round green signal with title "IDB" and "DB" The indecisive and decisive bear signals are placed on bottom of the charts as square and round red signal with title "IDS" and "DS" The counter decisive and strong decisive signals are placed on the top and bottom of the candles. In addition, the first candle of the day in any intraday time frame carries the label to display what type of candle is formed. This is very useful for making intraday trading. This can be used freely by clicking to favorites. Source code is however not shared. please do contact for any additional info or modification. happy trading
Indicatore Pine Script®
di SATHYANR
Candlestick Indicator by Crypto_AdhyetaA script to identify possible trend reversal based on Candlesticks. The correct candlestick type is identified by the relative position to Exponential Moving Average. It detects: - Hammer - if emerges during a downtrend (close below EMA(5)), the downtrend should end. - Hanging Man - if comes after a advance (close above EMA(5)), the uptrend should end. Confirmation: - for aHammer not required - a Hanging Man should be confirmed by lower close by the next candle
Indicatore Pine Script®
di Crypto_Adhyeta
Japanese Candle Patterns Detector in Potential price zoneThis script would find the 8 famous "Japanese Candle Stick Patterns" in your chart. Please be aware it find patterns in "Potential price zones" only, which help you to avoid none-important patterns during a price trend. I used RSI and ATR in my codes to find best candle forms and price conditions. Bellow patterns are detecting: Hammer | ShootingStar | Engulfing Candle | Doji | Tweezers Top/Buttom | Three White Soldiers/Three Black Crows | Marubozu | Harami * You can select your preferred patterns from indicator setting. * Pattern names are abbreviated for better view on chart. I hope it helps you to improve your trading.
Indicatore Pine Script®
di MoriFX
15
Inside Bar FailureThis indicator provides a statistical report on the Inside Bar Failure candlestick pattern popularized by Trader Dante. Based on the chart's bars, it can improve your edge on any markets and timeframes. The Inside Bar Failure pattern refers to an Inside Bar breakout that failed to sustain momemtum and closed back within it. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Indicatore Pine Script®
di sbtnc
7
Double Inside BarThis indicator provides a statistical report on the Double Inside Bar pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. A Double Inside Bar refers to a contraction where price is consolidating while making consecutive lower highs and a higher lows. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Indicatore Pine Script®
di sbtnc
6
Inside BarThis indicator provides a statistical report on the Inside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. The Inside Bar pattern refers to a candle that makes a lower high and a higher low. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Indicatore Pine Script®
di sbtnc
CSPDMost Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer | Shooting star Inverted Hammer | Hanging Long legged Doji | Dragonfly Doji | Gravestone Doji Bullish tweezers | Bearish tweezers Bullish inside bar | Bearish inside bar Bullish three line strike | Bearish three line strike Bullish engulfing | Bearish engulfing Piercing line | Dark cloud cover Bullish abandoned baby | Bearish abandoned baby Morning star | Evening star Three white soldiers | Three black crows *Bullish kayo | *Bearish kayo Features: Prior and Following candles Confirmation    You can set prior and following candle as basic prerequisites for marking candles as pattern to make sure you are at the top or bottom of the trend. Volume confirmation    You can active volume increasing confirmation for some of pattern with adjustable increase % relative to prior candle | candles. Oscillator Confirmation    Active oscillator confirmation. Select your approved oscillator from list (Stochastic, RSI, StochRSI, MFI, StochMFI) then enter desired value for marking candles as bullish | bearish pattern. Bollinger Bands Confirmation    Active BB confirmation. Configure your Bollinger Bands. Now only see the patterns which reached or crossed from Bands. Also you can enable BB clod to have your BB indicator at the same time. Adjustable Flexibility and Precision    You can set tolerance% for Osc and BB Confirmation - each one separately - for more control. Self-adaptability    The properties of markets change over time, for example the amplitude of fluctuations and the intensity of movements. The script is designed in such a way that you can examine the price history as a benchmark for changes in market properties to adopt determinants. Also you can control those manually. Self-regulatory    The user has the ability to change input factors depending on their point of view. Behind the pattern recognition algorithms, there are relationships and similarities in their appearance that cause them to be influenced by each other. Simultaneously with changing the determining factors of each pattern by you, script automatically adjusts other details in accordance with your changes. Alerts    You can set for type of pattern or each one of pattern have been detected. Fully Costumizable    All of these options can be change and adjust. Note 1.    The patterns are based on extensive study of reference and famous sources and the experience of me and my friends in trading and analysis with price action methods. Note 2.    Due to the Pine limitations in the number of outputs | plots for each script, our attempt has been made to select the best and most important patterns. Note 3.    So far, many scripts have been written in this field, but our experience with all of them and even the build in version was not satisfactory, and this was the initial motivation for making the script. We strive to improve progress and elimination of shortcomings and we will continue to make this better. Note 4.    Through personal experience and based on the principles of market and candlestick psychology, we discovered a new type of pattern and named it as Kayo. kayo is a two candle pattern which formed when:     1.We have a pivot point with prior candles as left bars and following candles as right bar. Pivot candle called as second candle.     2.In a bullish kayo, first candle must closed descending and second candle must closed as ascending. For bearish kayo vise versa.     3.In a bullish kayo, second candle's lower wick must be longer then upper wick.     4. A pattern marked as kayo when its conditions do not correspond to any of the other patterns(include the confirmation that user added), ie it has the last naming priority over the other patterns. Note 5.    When you active confirmation options for patterns like hammer, engulf and etc which they conditions are like kayo in some extent, if they can't pass the confirmation steps, they can be marked as kayo pattern. Note 6.    If you active volume confirmation for Three white soldiers | Three black crows, the confirmation get passed if the volume of forth or third candle increased as value as entered relative to volume EMA3 of 3 candles. Note 7.    In a bullish pattern all highs of following candles MUST be higher than prior highs and all lows of following candles MUST be higher than prior lows. For bearish patterns vise versa. This type of confirmation depends on High and Low NOT close! Gift to price action lovers! Support us with your like and comments. let us know your experience, points and idea to make this better together.
Indicatore Pine Script®
di Algorca
38
Outside BarThis indicator provides a statistical report on the Outside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. Knowing there are many definitions about the Outside Bar pattern, here we're strictly referring to one bar's extremes beyond one other. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Option for filtering patterns that close outside previous bar; Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Indicatore Pine Script®
di sbtnc
Engulfing BarThis indicator provides a statistical report on the Engulfing candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes. Knowing there are many definitions about the Engulfing pattern, here we're strictly referring to one bar's body that get engulfed by one other. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Option for filtering patterns that close outside previous bar; Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Indicatore Pine Script®
di sbtnc
RogTrader Bull Bear StrengthsSimplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures. Green/Red Volume Bars can be misleading at times This indicator shows the net bull/bear power Recommended to be used in combination with indicators to find reversal signals. For example, during an uptrend, a long red bar indicates that strong selloff has started, and bears begin to control the bargains.
Indicatore Pine Script®
di traderrog
[blackcat] L3 Price Positioning IndexLevel: 3 Background Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart? Function L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key circle lines. Green circle line is used to indicate oversold support or breakthrough support levels; yellow circle line indicates the midline position where prices may pause; and red circle line indicates overbought resistance or breakthrough resistance levels. There are two types of candlestick charts. The first type candles are mid-to-long-term trend candles, navy represents an uptrend and the length of the candle represents a change in intensity; maroon represents a downward trend and the length of the candle represents a change in intensity. This trend candle is the effective support and resistance level of the second type short-term swing candle. The second type candles are short-term candles fluctuate around the first medium- and long-term trend candles. The second short-term candle is divided into five colors: green means pump; fuchsia means retracement in the ascending process; yellow means bullish reversal signal; red means dump; blue means price rebound in the descending process. Key Signal THREE KEY LINES: htop --> red circle line, overbought resistance or pump breakout threshold hmid --> yellow circle line, price pause zone, sideways may happen here hbot --> green circle line, oversold support or dump breakout threshold MID-LONG TERM CANDLES: x22,x33 --> navy for up and maroon for down trend, they are important support or resistance for short term price movements SHORT TERM CANDLES: 1. bearreboun --> rebounce in down trend candle with blue color 2. pump --> up trend pump candle with green color 3. bullreversal --> bullish reversal candle with yellow color 4. dump --> bearish dump candle with red color 5. bullretra --> retracement in up trend candle with fuchsia Pros and Cons Pros: 1. Long term trend identification by three lines for overbought, oversold and breakouts 2. Mid term trend support and resistance with navy and maroon candles 3. Short term price behaviors are classified into 5 types of candles in blue, green, yellow, red and fuchsia Cons: I invent this to solve traditional JP candlestick shortcomings. If you find anything on Cons, just feedback to me for improvements. Remarks Brand-new Candle System invented by myself Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Indicatore Pine Script®
di blackcat1402
14
Outside Reversal CandleA lot of people get freaked out by outside reversal Days in the market like what we had yesterday. "I think a great learning tool would be an indicator that highlights on the chart any outside reversal bar" Rules: both the high and the low is higher than the previous day the low of the day is in the bottom 1/3 of the price range the volume is higher than the bar immediately before it With indicator every Outside Reversal candle body and background is highlighted, People can now easily go back in time and see what happened after and make adjustments to their strategies.
Indicatore Pine Script®
di WelcomeToMathy
1