Inizia

Doji

Elaris Doji Finder ProElaris Doji Finder Pro is a professional-grade candlestick analysis indicator designed to detect high-quality Doji formations with advanced context filtering, signal scoring, and clean visual confirmations. Unlike basic Doji detectors that simply highlight small candle bodies, this indicator evaluates market structure, volatility, wick behavior, trend context, and optional volume confirmation to help traders identify stronger indecision and potential reversal zones. The indicator supports multiple Doji types including Neutral Doji, Long-Legged Doji, Dragonfly Doji, and Gravestone Doji while providing a premium TradingView experience with customizable visuals, signal quality scoring, smart dashboards, and non-repainting confirmed signals. ━━━━━━━━━━━━━━━━━━ FEATURES ━━━━━━━━━━━━━━━━━━ • Detects multiple Doji candle types • Advanced candle body and wick analysis • ATR-based volatility filtering • EMA trend context filtering • Volume confirmation system • Swing support & resistance proximity filter • Bullish / bearish contextual bias detection • Signal quality scoring engine • Professional dashboard interface • Dark mode and light mode support • Clean labels and compact signal markers • Fully customizable settings • Optimized for crypto, forex, indices, and stocks • Non-repainting candle-close confirmation mode • Built-in alert conditions ━━━━━━━━━━━━━━━━━━ SUPPORTED DOJI TYPES ━━━━━━━━━━━━━━━━━━ • Neutral Doji Classic indecision candle with a very small body. • Long-Legged Doji High-volatility indecision candle with extended upper and lower wicks. • Dragonfly Doji Bullish rejection-style Doji often appearing near local lows or support zones. • Gravestone Doji Bearish rejection-style Doji often appearing near local highs or resistance zones. ━━━━━━━━━━━━━━━━━━ HOW TO USE ━━━━━━━━━━━━━━━━━━ Bullish Doji signals may become more effective when: • Appearing near support • Forming after strong sell pressure • Confirmed by rising volume • Appearing against an extended downtrend Bearish Doji signals may become more effective when: • Appearing near resistance • Forming after strong buying pressure • Confirmed by elevated volume • Appearing after aggressive trend extensions The signal quality score can help filter weaker setups and focus on higher-probability Doji structures. ━━━━━━━━━━━━━━━━━━ NON-REPAINTING ━━━━━━━━━━━━━━━━━━ This indicator can operate in non-repainting mode when “Confirm Signals On Candle Close” is enabled. Signals are confirmed only after candle close. ━━━━━━━━━━━━━━━━━━ DISCLAIMER ━━━━━━━━━━━━━━━━━━ This indicator is designed for educational and analytical purposes only. Always use proper risk management and combine candlestick signals with broader market context before making trading decisions.
Indicatore Pine Script®
di ElarisGroup
AB Lydian Pulse⚡ AB·LYDIAN PULSE — Professional Candlestick Pattern Analysis System ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ AB·LYDIAN PULSE is a professional analysis system that detects candlestick patterns on your chart, scores the quality of each formation, and displays only meaningful signals. This is NOT a trend or momentum indicator. It focuses solely on candlestick formations. ━━━━━━━━━━━━━━━━━━━━━━━━ ▲ BULLISH PATTERNS ━━━━━━━━━━━━━━━━━━━━━━━━ 🔨 Hammer Small body with a long lower wick. Lower wick must be at least 60% of total range. Strong reversal signal when formed after a downtrend. 🟢 Bullish Engulfing A large green candle that completely engulfs the previous small red candle. Valid when the green body fully covers the red body. ⭐ Morning Star Three-candle pattern: large red → small body → large green. The final candle must close above the midpoint of the first candle. 📌 Piercing Line Green candle after a red candle. Green opens below the previous low and closes above the midpoint of the red body. 🏛️ Three White Soldiers Three consecutive bullish candles. Each closes higher than the previous. Upper wicks must be short. ━━━━━━━━━━━━━━━━━━━━━━━━ ▼ BEARISH PATTERNS ━━━━━━━━━━━━━━━━━━━━━━━━ 💫 Shooting Star Small body with a long upper wick. Upper wick must be at least 60% of total range. Strong reversal signal when formed after an uptrend. 🔴 Bearish Engulfing A large red candle that completely engulfs the previous small green candle. Valid when the red body fully covers the green body. 🌙 Evening Star Three-candle pattern: large green → small body → large red. Mirror image of Morning Star. Final candle must close below the midpoint of the first. ☁️ Dark Cloud Cover Red candle after a green candle. Red opens above the previous high and closes below the midpoint of the green body. 🏴 Three Black Crows Three consecutive bearish candles. Each closes lower than the previous. Lower wicks must be short. ━━━━━━━━━━━━━━━━━━━━━━━━ ◆ NEUTRAL PATTERNS ━━━━━━━━━━━━━━━━━━━━━━━━ ✦ Doji Open and close at nearly the same level. Signals market indecision. Upper and lower wicks should be balanced. ◧ Harami Second candle's body is completely contained within the first candle's body. Divided into Bullish Harami (after downtrend) and Bearish Harami (after uptrend). ━━━━━━━━━━━━━━━━━━━━━━━━ 🏆 QUALITY GRADING SYSTEM ━━━━━━━━━━━━━━━━━━━━━━━━ Each detected pattern receives a quality score from 0-100: 🟢 Grade A (75-100): Perfect formation. All criteria fully met. Large label on chart. 🟡 Grade B (50-74): Good formation. Most criteria met. Normal label. 🟠 Grade C (30-49): Acceptable. Minimum criteria satisfied. Small label. Score is calculated based on: — Wick / body ratio accuracy — Body size (ATR-based dynamic threshold) — Volume strength — Previous candle alignment — Pattern-specific bonus criteria ━━━━━━━━━━━━━━━━━━━━━━━━ 🔍 SMART FILTERS ━━━━━━━━━━━━━━━━━━━━━━━━ 📏 ATR Dynamic Threshold: Candle size evaluated against ATR. Auto-adjusts across all timeframes. 📊 Volume Confirmation: Signal strengthens when volume exceeds average. Can be toggled on/off. 🏆 Quality Filter: Only selected grade level and above are displayed (A / B / C). ⏱️ Spam Filter: Consecutive same-direction signals are blocked. Minimum 5-bar cooldown. 🔬 Textbook Validation: Each pattern is verified against its own specific rules. ━━━━━━━━━━━━━━━━━━━━━━━━ 📋 PREMIUM PANEL ━━━━━━━━━━━━━━━━━━━━━━━━ 🕯️ Last signal name and emoji 📐 Direction (Bullish / Bearish / Neutral) ⏱️ How many bars ago it occurred 🏷️ Pattern type (Reversal / Neutral) 🏆 Quality grade and numeric score (/100) 🎯 Win rate (last 200 bars) 📊 Market bias (based on signal balance) 📈 Last 50 bars statistics 📜 Last 3 signals history Panel can be moved to 6 different positions and displayed in 3 sizes. ━━━━━━━━━━━━━━━━━━━━━━━━ ⚙️ SETTINGS ━━━━━━━━━━━━━━━━━━━━━━━━ 🌐 Language: Turkish / English (all labels and panel text adapt) 📏 ATR Period (default: 14) 📐 Min Body / ATR Ratio (default: 0.4) ⏱️ Signal Cooldown (default: 5 bars) 📊 Volume SMA Period (default: 20) 🎨 Customizable Bullish / Bearish / Neutral colors 🕯️ Each of the 12 patterns can be individually toggled on/off 📋 Panel position and size adjustable 🔔 Separate alert condition for each pattern ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER This indicator is NOT INVESTMENT ADVICE. It provides technical analysis information only. Base your investment decisions on your own research. Past performance is not a guarantee of future results. The developer cannot be held responsible for any financial losses that may occur from using this indicator.
Indicatore Pine Script®
di Mindlytic
Candlestick Patterns HighlighterMost candlestick indicators are either too noisy or too dumb. This one is neither. Candlestick Patterns Highlighter v5 is a precision-focused tool that identifies high-probability candlestick structures using strict, adjustable logic — not vague textbook definitions. ⚡ What This Indicator Does This script automatically detects and highlights: Bullish Engulfing (BE) Bearish Engulfing (SE) Doji (D) Hammer (H) Inverse Hammer (IH) Each pattern is: Highlighted directly on the candle (barcolor) Marked with minimal, clean labels (no chart clutter) 🎯 Why This Is Different Most pattern indicators: Trigger too frequently Use loose definitions Are useless in real trading This one is built with strict mathematical filters, so you get: Fewer signals Better quality signals Full control over pattern sensitivity ⚙️ Customization (Where the Edge Is) You can fine-tune every pattern: Doji Control Define max body size as % of candle range Hammer Logic Control body size relative to range Define minimum lower wick strength Limit upper wick size Inverse Hammer Logic Mirror control of hammer structure Adjust upper wick dominance 👉 This means you are not locked into textbook definitions — you can adapt it to: Nifty scalping Intraday trading Swing setups 📊 Visual Design Color-coded candles Green → Bullish Engulfing Red → Bearish Engulfing Yellow → Doji Aqua → Hammer Orange → Inverse Hammer Minimal labels BE / SE / D / H / IH No unnecessary clutter 🧠 How to Use (Blunt Truth) Don’t be stupid and trade patterns blindly. Use this as: Confirmation, not entry Combine with: Structure (support/resistance) Trend Liquidity zones Best use cases: Reversal zones Pullbacks Breakout retests
Indicatore Pine Script®
di ajwoodpeckies
Doji Volume Map (Zeiierman)█ Overview Doji Volume Map (Zeiierman) is a volume reaction scanner that detects doji-like candles appearing with relatively high and rising volume, then converts those events into projected price levels. When a valid signal forms, the script places a bubble on the candle, extends a horizontal reaction level forward, and optionally merges nearby levels into a highlighted zone box. The result is a clean map of potential reaction areas built from high-interest doji events rather than generic swing highs or lows. ⚪ What It Detects The script searches for candles that combine 3 conditions at the same time: Relative high volume: Current volume must exceed the average volume by a user-defined multiplier. Rising volume: Current volume must be greater than the previous bar’s volume. Loose doji structure: The candle body must remain small relative to the total range, while the full range must still be meaningful enough relative to ATR. When those conditions align, the candle is treated as a significant reaction point and plotted as a bubble. From there, the script projects the price level forward and can combine overlapping levels into broader zones. █ How It Works For each bar inside the Lookback Length, the script checks whether the candle qualifies as a valid signal. It measures: Average volume over the selected Volume Average Length Relative volume strength using the Relative Volume Multiplier Whether volume is increasing vs the previous bar Whether the candle body is small enough to be considered doji-like Whether the total range is large enough relative to ATR █ How to Use When a doji-like candle forms with high and rising volume, it signals strong participation but no clear directional control. This means: Heavy trading occurred. Both sides were active. Price failed to move decisively. These areas often become key reaction zones, as the market tends to revisit and respond to where significant transactions took place. ⚪ In Trend In uptrends , signals on pullbacks can act as support/continuation zones In downtrends, signals on bounces can act as resistance/rejection zones Focus on using levels in the direction of the trend, where the dominant side is likely to defend. ⚪ In Ranges Signals near range lows → potential buy/support zones Signals near range highs → potential sell/resistance zones Merged zones are especially useful for identifying rotation areas within the range. ⚪ Key Idea High volume + indecision = high-interest price area These zones often lead to: Reactions Rejections Or continuation after confirmation Use retests and price behavior at these levels to guide entries. █ Settings Lookback Length — how many bars back the script scans for qualifying signals. Volume Average Length — baseline used to measure relative volume. Relative Volume Multiplier — minimum volume expansion required vs average. Max Body % of Range — defines how small the candle body must be to count as doji-like. Min Candle Range as ATR Fraction — filters out candles that are too small to matter. Key effect: Higher Relative Volume Multiplier = fewer but stronger signals Lower Max Body % of Range = stricter doji selection Higher Min Candle Range as ATR Fraction = fewer weak micro-signals Merge Close Levels Into Box — combines nearby projected levels into a single zone. Merge Distance (ATR) — controls how close levels must be to merge. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indicatore Pine Script®
di Zeiierman
6
Candle DNA Strand█ CANDLE DNA STRAND A unique lower-panel indicator that visualizes candle structure as a stylized double-helix pattern. One strand represents body dominance (open-close range) while the other represents wick proportion (shadow-to-body ratio). The strands twist around a center axis with color encoding for bullish/bearish bias, revealing candle character patterns over time in an intuitive DNA-inspired format. █ CONCEPT Traditional candlestick analysis focuses on individual candle patterns. The Candle DNA Strand takes a different approach by decomposing every candle into two core metrics and plotting them as intertwined waves: • Body Strand — Measures how much of each candle is "body" (the filled portion between open and close). High body ratios indicate conviction and directional commitment. • Wick Strand — Measures how much of each candle is "shadow" (upper and lower wicks combined). High wick ratios indicate rejection, indecision, or failed attempts at direction. These two strands are phase-offset by 180° to create the classic double-helix DNA appearance. As you scroll through the chart, you can visually identify periods of conviction (body-dominant) versus indecision (wick-dominant), and how candle character evolves over time. █ HOW IT WORKS The indicator calculates two normalized ratios for each candle: Body Ratio = |Close - Open| / (High - Low) Wick Ratio = (Upper Wick + Lower Wick) / (High - Low) These ratios are smoothed and then modulated onto sine waves that twist around a center axis at the 50 level. The amplitude of each strand reflects the strength of that metric — larger bodies push the body strand further from center, and larger wicks push the wick strand further out. The strands are color-coded by the current candle's bias: • Bullish candles (close ≥ open) → Neon green tones • Bearish candles (close < open) → Neon red tones █ TRADE ZONES The indicator includes an optional Trade Zone detection system based on candle character analysis: ◉ LONG ZONE (Green Background) Triggers when: • Average body ratio exceeds the Body Dominance Threshold (default 65%) • Bullish momentum score > 40% (more bulls than bears in lookback period) • Average wick ratio below the Wick Rejection Threshold (default 55%) This identifies periods where price is moving up with conviction — strong bullish bodies with minimal rejection wicks. ◉ SHORT ZONE (Red Background) Triggers when: • Average body ratio exceeds the Body Dominance Threshold • Bearish momentum score > 40% (more bears than bulls in lookback period) • Average wick ratio below the Wick Rejection Threshold This identifies periods where price is moving down with conviction — strong bearish bodies with minimal rejection wicks. ◉ CHOP/INDECISION When the average wick ratio exceeds 60%, the market is showing high rejection and indecision. The DNA strands will show wick dominance during these periods. Triangle markers appear at zone entry points: • ▲ Green triangle below the helix = Long zone entry • ▼ Red triangle above the helix = Short zone entry █ VISUAL ELEMENTS DNA Strands Two intertwined lines representing body and wick ratios, twisting around the center axis with a configurable wavelength. Base Pair Connectors Vertical lines connecting the two strands at regular intervals, mimicking the "rungs" of a DNA ladder. These help visualize the spread between body and wick metrics. Nucleotide Nodes Small circular markers along each strand showing individual data points. Fill Zone Subtle gradient fill between the strands for visual depth. The fill color matches whichever strand is currently on top. Info Label Displays current values at the right edge of the chart: • Current bias (BULL/BEAR) • Body and Wick percentages • Active trade zone (if any) █ PATTERN DETECTION The indicator automatically detects significant candle patterns based on DNA metrics: DOJI — Body ratio < 15% Very small body relative to total range. Indicates indecision. MARUBOZU — Body ratio > 85% Almost no wicks. Strong conviction candle with price closing near the high (bullish) or low (bearish). HAMMER — Wick ratio > 60% with lower wick > 2× upper wick Long lower shadow showing rejection of lower prices. SHOOTING STAR — Wick ratio > 60% with upper wick > 2× lower wick Long upper shadow showing rejection of higher prices. █ SETTINGS DNA Helix Settings • Helix Wavelength — Number of bars for one complete DNA twist cycle (default: 20) • Helix Amplitude — Vertical spread of the strands from center (default: 35) • Show Base Pair Connectors — Toggle the connecting rungs (default: On) • Connector Frequency — Draw a connector every N bars (default: 2) • Data Smoothing — SMA length for smoothing ratios (default: 3) • Strand Thickness — Line width for the DNA strands (default: 2) Trade Zone Settings • Show Trade Zones — Toggle background highlighting and entry signals (default: On) • Zone Lookback — Bars to analyze for zone detection (default: 5) • Body Dominance Threshold — Minimum avg body ratio for zone trigger (default: 0.65) • Wick Rejection Threshold — Maximum avg wick ratio for zone trigger (default: 0.55) Fluorescent Colors • Bullish colors — Neon green and electric green variants • Bearish colors — Neon red and hot pink variants • Axis, connector, and zone colors are all customizable Visual Settings • Show Nucleotide Nodes — Toggle the small circles on strands (default: On) • Show Info Labels — Toggle the right-side information label (default: On) • Show DNA Analysis Table — Toggle detailed analysis table (default: Off) █ ALERTS Four alert conditions are available: 1. Long Zone Entry "Entered LONG zone - strong bullish momentum with conviction candles" 2. Short Zone Entry "Entered SHORT zone - strong bearish momentum with conviction candles" 3. Doji Pattern "Doji detected - indecision" 4. Marubozu Pattern "Marubozu detected - strong conviction" █ INTERPRETATION GUIDE Reading the DNA: When body strand dominates (further from center): • Market is moving with conviction • Candles have strong bodies, minimal wicks • Trend is likely to continue When wick strand dominates (further from center): • Market is showing rejection/indecision • Candles have long shadows relative to bodies • Potential reversal or consolidation Strand crossovers: • When strands cross, character is shifting • Body crossing above wick → increasing conviction • Wick crossing above body → increasing indecision Color consistency: • Long stretches of green → sustained bullish pressure • Long stretches of red → sustained bearish pressure • Alternating colors → choppy, mixed market █ BEST PRACTICES 1. Use with price context — The DNA strand shows candle character, not direction. Combine with price action on the main chart. 2. Adjust wavelength to timeframe — Shorter wavelengths (10-15) for scalping, longer wavelengths (25-40) for swing trading. 3. Trade zones are filters, not signals — Use zone entries as confirmation for your existing strategy, not as standalone signals. 4. Watch for character shifts — When the dominant strand changes, market behavior is changing. This often precedes reversals. 5. Multiple timeframe analysis — Check DNA character on higher timeframes to understand the broader context. █ CREDITS Developed by Hash Capital Research Pine Script™ v6 This indicator is provided for educational and informational purposes. Always conduct your own analysis and manage risk appropriately.
Indicatore Pine Script®
di Hash_Capital
ZenAlgo - DojiOverview This indicator identifies Doji candles and adds two contextual filters before creating an alert: a relative volume expansion filter and a normalized directional-shift filter. Most Doji indicators simply detect candle shape. This script instead adds contextual conditions so that alerts appear only when the Doji occurs together with increased participation and a change in short-term directional pressure. Doji candles appear frequently on their own, so the script focuses on situations where candle balance, elevated activity, and a directional shift occur at the same time. How the indicator works The script begins by evaluating candle structure. It measures the full candle range, the size of the body, and the size of the upper and lower wicks relative to the entire candle. A candle is considered a Doji when the body occupies only a small portion of the range. After identifying the base Doji structure, the candle is classified into one of several common Doji types depending on the relative size of the wicks: Dragonfly Doji – very small upper wick and long lower wick. Gravestone Doji – very small lower wick and long upper wick. Long-legged Doji – both wicks are relatively long. Standard Doji – small body without the extreme wick proportions of the other types. A Doji indicates that price moved during the bar but finished close to the opening level, suggesting temporary balance between buyers and sellers. Volume context (PVSRA-style comparison) After the candle structure is detected, the script evaluates trading activity. Current volume is compared with the average volume over a recent lookback window. If current volume exceeds that average by a configurable multiple, the candle is considered to occur during elevated participation. This step is important because a Doji formed during low activity may simply reflect quiet trading, while a Doji formed during higher participation means more trading occurred but the candle still closed near equilibrium. Normalized price-change proxy The script then evaluates short-term directional behavior. It measures the percentage change between consecutive closing prices. This series is smoothed to reduce noise and then normalized relative to recent behavior. The normalization allows the script to determine whether the current directional movement is unusually positive or negative compared with recent activity. The script compares this normalized value with the previous bar. An alert requires the value to change sign between the two bars, which indicates that the short-term directional pressure has flipped. Why the components are combined Each component describes a different aspect of market behavior: The Doji describes temporary balance inside a candle. The volume comparison measures whether that balance occurred during elevated participation. The directional flip indicates a shift in short-term pressure. Basic Doji markers highlight every small-body candle. This indicator is more selective because it only highlights cases where equilibrium, participation, and directional change appear together. Final alert logic An alert is created when the following conditions occur simultaneously: A Doji is present on the current candle or the previous candle. Volume exceeds the recent average by the configured multiple when the volume filter is enabled. The normalized directional reading flips sign between two consecutive bars. Alerts are separated into bullish and bearish categories according to the direction of the normalized reading after the flip. How to interpret the alerts A bullish alert means the script detected a Doji context with elevated volume and a positive directional flip. A bearish alert means the same conditions occurred with a negative directional flip. The alert marks a moment where price equilibrium, increased participation, and directional change appeared together. These conditions may appear near short-term transitions, pauses, or local turning points. How to use the indicator This indicator is intended as a contextual chart tool rather than a standalone trading system. Use alerts to locate Doji candles confirmed by participation and directional change. Interpret bullish alerts as possible upward transitions and bearish alerts as possible downward transitions. Evaluate the alert location relative to support, resistance, or recent trend structure. Combine the alerts with other analysis tools or higher timeframe context. Why Heikin Ashi often works well The script can be used on any chart type, but Doji detection often becomes clearer on Heikin Ashi candles. Heikin Ashi candles smooth short-term price fluctuations by averaging values from multiple bars. Because the indicator relies on candle body and wick proportions, this smoothing reduces small random Doji created by short-term noise and produces clearer candle structures. Limitations Doji candles occur frequently and do not inherently indicate reversals. Volume filters depend on the quality and meaning of the exchange’s volume data. The directional proxy is based on price changes rather than direct order flow. Different markets, timeframes, and preset settings can change how often alerts appear. The indicator highlights situations where candle equilibrium, elevated participation, and directional change appear together, but it does not determine future price direction.
Indicatore Pine Script®
di ZenAlgo_Official
cephxs + fadi / HTF PSPHTF PSP - PRECISION SWING POINTS Detect divergence-based Precision Swing Points (PSPs) across multiple higher timeframes with automatic correlated asset detection. WHAT'S NEW (vs Original HTF Candles) This indicator builds on @fadizeidan's excellent ICT HTF Candles foundation with significant new functionality, depending on who you ask of course: ✨ PSP Divergence Detection: Automatically identifies Precision Swing Points where price diverges from correlated assets—the original has no divergence analysis ✨ Auto Asset Correlation: Uses AssetCorrelationUtils library to detect and pair correlated assets (ES↔NQ↔DXY, BTC↔ETH, Gold↔Silver, etc.)—no manual setup required ✨ Multi-Asset Comparison: Tracks up to 3 correlated assets simultaneously with divergence relationships between all pairs ✨ Dynamic Asset Reordering: When you switch charts, the indicator automatically reorders assets so your chart is always primary ✨ Inverse Correlation Support: Properly handles inversely correlated assets like DXY (bullish DXY = bearish signal for risk assets) ✨ HTF Sweep Detection: New sweep line feature highlights when HTF candles take out previous highs/lows and close back inside. One of my followers asked me for this, there you go anon. 🔧 Streamlined to 3 HTFs: Focused design with 3 HTF slots (vs 6) for cleaner charts and better performance The original remains excellent for pure HTF candle visualization. This version adds institutional flow analysis through divergence detection. WHAT IT DOES This indicator displays Higher Timeframe (HTF) candles to the right of your chart and highlights Precision Swing Points—pivots where price diverges from correlated assets. When ES makes a new high but NQ doesn't follow, or gold pushes higher while DXY fails to confirm, you're looking at institutional repositioning. PSPs mark these moments on your HTF candles, giving you a clean visual signal for potential reversals. HOW IT WORKS Divergence Detection The indicator compares price action between your chart and up to two correlated assets. A divergence occurs when one asset makes a directional move (bullish/bearish candle) while a correlated asset moves the opposite direction. Three divergence relationships are tracked: Primary vs Secondary (e.g., ES vs NQ) Primary vs Tertiary (e.g., ES vs DXY) Secondary vs Tertiary (e.g., NQ vs DXY) PSP Confirmation A candle is marked as a PSP when: A divergence exists between correlated assets A swing pivot forms (high > previous high AND high > next high, or vice versa for lows) This dual confirmation filters noise and highlights only meaningful institutional activity. Automatic Asset Detection In Auto mode, the indicator uses the AssetCorrelationUtils library to detect your chart's asset class and automatically select the most relevant correlated pairs: Indices: ES ↔ NQ ↔ DXY, YM ↔ ES ↔ NQ Forex: EURUSD ↔ DXY ↔ GBPUSD, USDJPY ↔ DXY ↔ US10Y Crypto: BTC ↔ ETH ↔ DXY Metals: Gold ↔ Silver ↔ DXY Energy: CL (Oil) ↔ NG ↔ DXY HTF Sweep Detection Sweeps are detected when an HTF candle (C2) takes out the high or low of the previous candle (C1) and then closes back inside. This marks liquidity grabs on the higher timeframe. HOW TO USE Enable HTF timeframes: Select 1-3 higher timeframes relevant to your trading style (e.g., 30m, 90m, 4H for intraday traders) Watch for PSP candles: When a candle body color changes to the divergence color, a PSP has formed Note the direction: Bullish divergence (your asset bullish while correlated asset bearish) suggests upside; bearish divergence suggests downside Combine with LTF structure: Use PSPs as bias, then look for entry on lower timeframes (CHoCH, FVG, etc.) Sweeps confirm liquidity: A sweep followed by a PSP is a strong reversal signal INPUTS HTF Selection HTF 1/2/3: Enable/disable each HTF slot with timeframe and candle count Custom Daily Open: Use Midnight, 8:30, or 9:30 ET as daily candle open Styling Body/Border/Wick Colors: Customize bullish and bearish candle appearance Padding/Buffer/HTF Buffer: Control spacing between candles and timeframe groups Labels HTF Label: Show timeframe name above/below candles Remaining Time: Countdown to candle close Label Position: Top, Bottom, or Both Label Alignment: Align across timeframes or follow individual candles Interval Value: Show interval details on candles Imbalance Fair Value Gap: Highlight FVGs on HTF candles Volume Imbalance: Highlight VIs on HTF candles HTF Sweeps: Show sweep lines when C2 takes out C1's high/low Trace Trace Lines: Draw lines from HTF candle OHLC levels back to chart price Anchor: Anchor to first or last timeframe PSP Divergence Detection Precise Mode: Only highlight pivots on current asset (stricter confirmation) Divergence Body Colors: Custom colors for bullish/bearish divergence candles Asset Selection Correlation Preset: Auto (library-detected) or Manual Manual Assets 1/2/3: Specify custom correlated assets Invert Asset 3: Flip the bullish/bearish interpretation for inverse correlations (e.g., DXY) KEY FEATURES Multi-HTF Display: Up to 3 higher timeframes displayed simultaneously Auto Asset Detection: Automatically finds relevant correlated assets for your chart Dynamic Reordering: When you switch charts, assets reorder so the chart is always primary Inverse Correlation Support: Properly handles DXY and other inversely correlated assets HTF Sweep Detection: Highlights liquidity grabs on higher timeframes FVG/VI Detection: Fair Value Gaps and Volume Imbalances on HTF candles Remaining Time Counter: Know exactly when the next HTF candle closes BEST PRACTICES Use PSPs as directional bias, not direct entries—wait for LTF confirmation A PSP at a key level (previous day high, weekly open) carries more weight Multiple PSPs across different HTFs pointing the same direction = stronger signal Sweeps that fail to hold (sweep + PSP) often mark significant reversals In Auto mode, trust the library's asset selection—it's been tuned for common correlations DISCLAIMER This indicator is for educational purposes only and does not constitute financial advice. Divergences and PSPs do not guarantee reversals—always use proper risk management and confirm signals with your own analysis. Past performance does not guarantee future results. CREDITS Original HTF candle plotting concept by @fadizeidan. PSP divergence detection and asset correlation logic by cephxs & fstarcapital. Uses the AssetCorrelationUtils library by fstarcapital. Open Sourced For all. Enjoy. Made with ❤️ by cephxs + fadi
Indicatore Pine Script®
di fstarcapital
17
Michael LipsiusTitle: Michael Multi-Timeframe Trend Dashboard (HTF Bias & LTF Execution) Description: Overview This indicator is a specialized Top-Down Analysis tool designed to assist traders in identifying the dominant market direction across multiple timeframes instantly. Built around the principles of Michael's Trading Strategy and institutional trend following, this dashboard eliminates the noise and provides a clear, color-coded directional bias (Prognosis) for both High Time Frame (HTF) structure and Low Time Frame (LTF) momentum. Core Functionality The dashboard generates a real-time matrix displayed directly on the chart, analyzing price action relative to the 50-period Exponential Moving Average (EMA). This specific metric is chosen to filter out minor fluctuations and reveal the true institutional flow of money. 1. High Time Frame (HTF) Prognosis – The "Compass" The indicator monitors the Daily (D1) and 4-Hour (H4) timeframes to establish the macro trend. Bullish 🟢: Price is holding above the 50 EMA. This indicates that Smart Money is accumulating, and traders should focus primarily on Long setups. Bearish 🔴: Price is trading below the 50 EMA. This suggests institutional distribution, meaning Short setups have a higher probability of success. Purpose: The HTF modules act as your safety filter. By respecting the D1/H4 signals, you avoid trading against the major trend, significantly reducing the risk of being stopped out by macro flows. 2. Low Time Frame (LTF) Execution – The "Trigger" Simultaneously, the indicator analyzes the 1-Hour (H1) and 15-Minute (M15) timeframes. These timeframes are crucial for timing entries and managing intraday volatility. Conflict Warning: If the HTF is Bullish (Green) but the LTF is Bearish (Red), the market is likely in a pullback phase. This warns the trader to wait for the LTF to realign with the HTF before entering. How to Use This Tool This dashboard is designed to be the first step in your trading routine: Check Confluence: Look for a "Full Green" or "Full Red" board. When D1, H4, and H1 align, the probability of a successful trade increases exponentially. Identify Pullbacks: If D1/H4 are Green, but M15 is Red, do not sell. Instead, treat this as a discount phase and wait for the M15 to flip back to Green for a high-precision entry. Risk Management: Use the HTF bias to determine your risk exposure. Trade with full risk only when HTF and LTF are aligned. Settings & Customization Table Position: Fully adjustable (Top Right, Bottom Right, etc.) to fit your workspace. EMA Period: Default is set to 50 (Standard Michael Strategy), but can be adjusted to fit other strategies. Visuals: Clean, non-intrusive design with clear color coding for instant readability. Disclaimer This tool is for informational purposes only and serves as a trend-confirmation aid. It should be used in conjunction with price action analysis, key levels, and proper risk management.
Indicatore Pine Script®
di michaellip0172
Twisted Forex's Doji + Area StrategyTitle Twisted Forex’s Doji + Area Strategy Description What this strategy does This strategy looks for doji candles forming inside or near supply/demand areas . Areas are built from swing pivots and sized with ATR, then tracked for retests (“confirmations”). When a doji prints close to an area and quality checks pass, the strategy places a trade with the stop beyond the doji and a configurable R:R target. How areas (zones) are built • Swings are detected with a user-set pivot length. • Each swing spawns a horizontal area centered at the pivot price with half-height = zoneHalfATR × ATR . • Duplicates are de-duplicated by center distance (ATR-scaled). • Areas fade when broken beyond a buffer or after an optional age (expiry). • Retests are recorded when price touches and then bounces away from the area; repeated reactions increase the zone’s “strength”. Signal logic (summary) Doji detection: strict or loose body criteria with optional minimum wick fractions and ATR-scaled minimum range. Proximity: price must be inside/near a supply or demand area (proxATR × ATR). Side resolution: overlap is resolved by (a) which side price penetrates more, (b) fast/slow EMA trend, or (c) nearest distance. Optional “previous candle flip” can bias long after a bearish candle and short after a bullish one. Optional 1-bar confirmation: the bar after the doji must close away from the area by confirmATR × ATR . Quality filter (Off/Soft/Strict): four checks—(i) wick rejection past the edge, (ii) doji closes in an edge “band” of the area, (iii) fresh touch (cooldown), (iv) approach impulse over a short lookback. In Strict , thresholds auto-tighten. Orders & exits • Long: stop below doji low minus buffer; Short: above doji high plus buffer. • Target = rrMultiple × risk distance . • Pyramiding is off by default. Position sizing You can size from the script or from Strategy Properties: • Script-driven (default): set Position sizing = “Risk % of equity” and choose riskPercent (e.g., 1.0%). The script applies safe floors/rounding (FX micro-lots by default) so quantity never rounds to zero. • Properties-driven : toggle Use TV Properties → Order size ON, then pick “Percent of equity” in Properties (e.g., 1%). The header includes safe defaults so trades still place. Key inputs to explore • Zone building : pivotLen, zoneHalfATR, minDepartureATR, expiryBars, breakATR, leftBars, dedupeATR. • Doji & proximity : strictDoji, dojiBodyFrac, minWickFrac, minRangeATR, proxATR, minBarsBetween. • Overlap resolution : usePenetration, useTrend (EMA 21/55), “previous candle flip”, needNextBarConf & confirmATR. • Quality : qualityMode (Off/Soft/Strict), minQualPass/kStrict, wickPenATR, edgeBandFrac, approachLookback, approachMinATR, freshTouchBars. • Zone strength gating : minStrengthSoft / minStrengthStrict. • HTF confluence (optional) : useHTFTrend (HTF EMA 34/89) and/or useHTFZoneProx (HTF swing bands). Tips to make it cleaner / higher quality • Turn needNextBarConf ON and use confirmATR = 0.10–0.15 . • Increase approachMinATR (e.g., 0.35–0.45) to require a stronger pre-touch impulse. • Raise minStrengthSoft/Strict (e.g., 4–6) so only well-reacted zones can signal. • Use signalsOnlyConfirmed ON if you prefer trades only from zones with retests (the script falls back gracefully when none exist yet). • Nudge proxATR to 0.5–0.6 to demand tighter proximity to the level. • Optional: enable useHTFTrend to filter counter-trend setups. Default settings used in this publication • Initial capital: 100,000 (illustrative). • Slippage: 1 tick; Commission: 0% (you can raise commission if you prefer—spread is partly modeled by slippage). • Sizing: Risk % of equity via inputs; riskPercent = 1.0% ; FX uses micro-lot floors by default. • Quality: Off by default (Soft/Strict available). • HTF trend gate: Off by default. Backtesting notes For a meaningful sample size, test on liquid symbols/timeframes that yield 100+ trades (e.g., majors on 5–15m over 1–2 years). Backtests are modelled and broker costs/spread vary—validate on your feed and forward-test. How to read the chart Shaded bands are supply (above) and demand (below). Brighter bands are the nearest K per side (visual aid). BUY/SELL labels mark entries; colored dots show entry/SL/TP levels. You can hide zones or unconfirmed zones for a cleaner view. Disclaimer This is educational material, not financial advice. Trading involves risk. Always test and size responsibly.
Strategia Pine Script®
di Twisted_Forex
Candlestick Pattern Indicator – Doji, Harami, More [algo_aakash]This Candlestick Pattern Indicator is designed to help traders identify key price action patterns like Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Morning Star, Evening Star, and many more directly on your TradingView chart. With customizable options to display both bullish and bearish patterns , this indicator provides real-time visual markers and labels, helping you make informed trading decisions. Key features of the indicator include: Detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Tweezer Tops, and more. Customizable settings for displaying pattern shapes, labels, and opacity, tailored to your trading preferences. Option to plot signals only after a candle closes, ensuring accuracy. Alerts for immediate notification of detected patterns. Visual markers on the chart, including arrows and labels, for quick recognition of potential trade setups. This indicator is ideal for traders who rely on candlestick patterns for technical analysis and want an automated tool to highlight these setups for easier decision-making. Whether you're a beginner or an experienced trader, this tool will help you spot important patterns in real-time without cluttering your chart.
Indicatore Pine Script®
di algo_aakash
2
Doji DetectorThis script is designed to detect Doji candlesticks, which are characterized by a small body compared to the overall candle range. The script identifies a Doji when: ✔ The body size is smaller than 10% of the total candle range, OR ✔ The body size is less than 3 pips. How It Works: The script calculates the body size of each candle (absolute difference between the open and close price). It then compares the body size with the total candle range (high - low). If the body size is smaller than 10% of the candle range or less than 3 pips, the script marks it as a Doji. How to Use It: Apply the script to your TradingView chart. It will highlight Doji candles automatically. Suitable for traders using price action analysis to identify potential market reversals or indecision zones. 🚀 Best suited for: Forex, Stocks, and Crypto markets. 🔔 Optional: You can modify the conditions to fit your trading strategy.
Indicatore Pine Script®
di pegah1999golpasandi
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals. When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action. How to Use the Triple Doji Sequence Indicator? Apply the Indicator: Add the Triple Doji Sequence indicator to your TradingView chart. It will automatically scan for Doji patterns based on your settings. Customize Your Doji Criteria: Adjust the body size and wick dominance settings to define what qualifies as a Doji. Choose whether to detect single, double, or triple Doji sequences. Interpret the Signals: A star (*) above a candle signals a bearish Doji (upper wick dominant). A star (*) below a candle signals a bullish Doji (lower wick dominant). Set Up Alerts: Enable alerts to receive notifications when a Doji sequence is confirmed at bar close. Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close). Use in Trading Strategy: Doji sequences can indicate trend reversals or market indecision. Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals. PS: Good luck in finding a Triple Doji :)
Indicatore Pine Script®
di Marc_Thiart
Doji Double Top & Double Bottom FUNCTION : This indicator checks if 2 consecutive candlesticks are formed in such a way that both the lows or both the highs of the consecutive candlesticks are almost at the same level and either of them is a doji TIMEFRAMES : it works on daily, weekly, monthly and higher timeframes CRITERIA : There is maximum difference value between 2 consecutive candlesticks' lows or 2 consecutive candlesticks' highs Minimum value of the doji's wick size Maximum value of the doji's body size These 3 conditions need to be fulfilled for the 2 consecutive candlesticks to be considered as a Double top or Double bottom by this indicator EXAMPLES : Here the indicator is giving only double Bottom signals on CRUDE OIL chart Here the indicator is giving only double top signals on GOLD chart Here the indicator gives both double top & double bottom signals on EUR/USD Daily chart Here the indicator is giving both double top & double bottom signals on EUR/USD Half-Yearly chart DEFINITIONS : There are 2 types - DOJI DOUBLE BOTTOM - if the lows of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Bottom and market is supposed to go higher after forming it. DOJI DOUBLE TOP - if the highs of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Top and market is supposed to go lower after forming it. SETTINGS : There are options to change the value of each of the 3 parameters within the indicator's settings for daily, weekly & monthly chart [ LIMITATIONS : You should not trade based on the signals from this indicator solely, you should check other parameters too before making trading decision
Indicatore Pine Script®
di peace_lover
Price Action StrategyThe **Price Action Strategy** is a tool designed to capture potential market reversals by utilizing classic reversal candlestick patterns such as Hammer, Shooting Star, Doji, and Pin Bar near dinamic support and resistance levels. ***Note to moderators - The moving average was removed from the strategy because it was not suitable for the strategy and not participating in the entry or exit criteria. - The moving average length has been replaced/renamed by the support/resistance lenght. - The bullish engulfing and bearish engulfing patterns were also removed because in practice they were not working as entry criteria, since the candle price invariably closes far from the support/resistance level even considering the sensitivity range. There was no change in the backtest results after removing these patterns. ### Key Elements of the Strategy 1. Support and Resistance Levels - Support and resistance are pivotal price levels where the asset has previously struggled to move lower (support) or higher (resistance). These levels act as psychological barriers where buying interest (at support) or selling interest (at resistance) often increases, potentially causing price reversals. - In this strategy, support is calculated as the lowest low and resistance as the highest high over a 16-period length. When the price nears these levels, it indicates possible zones for a reversal, and the strategy looks for specific candlestick patterns to confirm an entry. 2. Candlestick Patterns - This strategy uses classic reversal patterns, including: - **Hammer**: Indicates a buy signal, suggesting rejection of lower prices. - **Shooting Star**: Suggests a sell signal, showing rejection of higher prices. - **Doji**: Reflects indecision and potential reversal. - **Pin Bar**: Represents price rejection with a long shadow, often signaling a reversal. By combining these reversal patterns with the proximity to dinamic support or resistance levels, the strategy aims to capture potential reversal movements. 3. Sensitivity Level - The sensitivity parameter adjusts the acceptable range (Default 0.018 = 1.8%) around support and resistance levels within which reversal patterns can trigger trades (i.e. the closing price of the candle must occur within the specified range defined by the sensitivity parameter). A higher sensitivity value expands this range, potentially leading to less accurate signals, as it may allow for more false positives. 4. Entry Criteria - **Buy (Long)**: A Hammer, Doji, or Pin Bar pattern near support. - **Sell (Short)**: A Shooting Star, Doji, or Pin Bar near resistance. 5. Exit criteria - Take profit = 9.5% - Stop loss = 16% 6. No Repainting - The Price Action Strategy is not subject to repainting. 7. Position Sizing by Equity and risk management - This strategy has a default configuration to operate with 35% of the equity. The stop loss is set to 16% from the entry price. This way, the strategy is putting at risk about 16% of 35% of equity, that is, around 5.6% of equity for each trade. The percentage of equity and stop loss can be adjusted by the user according to their risk management. 8. Backtest results - This strategy was subjected to deep backtest and operations in replay mode on **1000000MOGUSDT.P**, with the inclusion of transaction fees at 0.12% and slipagge of 5 ticks, and the past results have shown consistent profitability. Past results are no guarantee of future results. The strategy's backtest results may even be due to overfitting with past data. 9. Chart Visualization - Support and resistance levels are displayed as green (support) and red (resistance) lines. - Only the candlestick pattern that generated the entry signal to triger the trade is identified and labeled on the chart. During the operation, the occurrence of new Doji, Pin Bar, Hammer and Shooting Star patterns will not be demonstrated on the chart, since the exit criteria are based on percentage take profit and stop loss. Doji: Pin Bar and Doji Shooting Star and Doji Hammer 10. Default settings Chart timeframe: 20 min Moving average lenght: 16 Sensitivity: 0.018 Stop loss (%): 16 Take Profit (%): 9.5 BYBIT:1000000MOGUSDT.P
Strategia Pine Script®
di felipemiransan
7
Wick/Tail Candle MeasurementsThis indicator runs on trading view. It was programmed with pine script v5. Once the indicator is running you can scroll your chart to any year or date on the chart, then for the input select the date your interested in knowing the length of the tails and wicks from a bar and their lengths are measured in points. To move the measurement, you can select the vertical bar built into the indicator AFTER clicking the green label and moving it around using the vertical bar *only*. You must click the vertical bar in the middle of the label to move the indicator calculation to another bar. You can also just select the date using the input as mentioned. This indicator calculates just one bar at a time. measurements are from bar OPEN to bar HIGH for measured WICKS regardless of the bar being long or short and from bar OPEN to bar LOW for measured TAILS also regardless of the bar being long or short. This indicator calculates tails and wicks including the bar body in the calculations. Basically showing you how much the market moved in a certain direction for the entire duration of that Doji candle. Its designed to measure completed bars on the daily futures charts. (Dow Jones, ES&P500, Nasdaq, Russell 2000, etc) Although it may work well on other markets. The indicator could easily be tweaked in order to work well with other markets. It is not designed for forex markets currently.
Indicatore Pine Script®
di krimkrim
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. *** This indicator shared before but without source code. According to follow requests, I publish it again with source codes. I hope it helps you in trading journey... 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. * Separate alerts for different type of candles for whom looking for a specific candle pattern * Main alert which notify about every kind of candle patterns detect in a chart
Indicatore Pine Script®
di UnknownUnicorn2078160
7
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150. Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish) A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example: When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry. It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
Indicatore Pine Script®
di RandyPanda1
Contraction Box & Doji LinesContraction & Doji Lines indicator is designed to identify and visualize potential support and resistance levels on a price chart. It does this by detecting doji candlestick patterns and drawing horizontal lines from the middle of the doji bodies to the right. Additionally, it also highlights price contraction zones with colored boxes. The indicator first identifies doji candlestick patterns that it suggests indecision in the market, a horizontal line and these horizontal lines can act as potential support or resistance levels. Traders can observe price reactions around these lines. If the price approaches a line and bounces off it, it may indicate a significant level in the market. In addition to doji lines, this indicator also highlights price contraction zones. When a contraction zone is detected, a colored box is drawn to highlight this zone. The box extends from the fifth bar ago (left side) to the current bar (right side), with the highest high and lowest low of the identified zone. The color and width of this box can be customized using the "Box Line Border Color," "Box Background Color," and "Box Width" parameters. A possible strategy could be can use the doji lines as potential support and resistance levels to make trading decisions. For example, if the price breaks above a doji line and holds, it may indicate a bullish signal. The colored boxes highlight areas of price contraction, which often precede significant price movements. Traders can use these zones to anticipate potential breakouts or breakdowns. For example, you might enter a long (buy) position if it anticipate a breakout from a contraction zone with a target price set above the breakout level. Conversely, you might enter a short (sell) position if they anticipate a breakdown from a contraction zone with a target price set below the breakdown level.
Indicatore Pine Script®
di RandyPanda1
7
Doji TrenderDoji Trender searches multiple timeframes for candles where open and close are less than dojiPercent apart (default 0.025%), and plots the trends between them. Experiment with dojiPercent to change the number of "dojis" detected. I will add doji sub-type indication if it appears to be meaningful. By default, it plots the 5m (red), 15m (orange), 1h (yellow), 4h (green), and chart (cyan). If the chart timeframe is any of the configurable ones, the chart copy won't be drawn. (I might reverse that, so that cyan is always drawn.) Since doji points are somewhat sparse, and the lookback is short (default 10), the EMA's make drastic corrections toward new indecision. (I'm not convinced the EMA's are useful and/or relevant.) This works on any timeframe, but seems to work best on the 1D. (5m is somewhat irrelevant on the 1D, so there are tweaks to be made.) Dojis from a timeframe are corrections to a doji trend from a higher timeframe. Red corrects to orange, corrects to yellow, corrects to green. If the chart timeframe is > 4h, the others will correct to cyan. Otherwise, cyan will fit in-between the adjacent timeframes. Multiple indecision candles within a short timespan forming sharp peaks indicate retests, backtests, rejections, and bounces off of support/resistance. With a correct larger-timeframe channel, one would expect lower-timeframe indecision at/along typical levels. Although the doji's have unpredictable wicks, the dots printed by this indicator do not. Matched with volume, they reveal the prices where the most violent battles between bulls and bears took place, and are likely to take place, again. One could: 1) Put trends on the longest segments, then look for confluence along them, and/or near the intersections. 2) Use lower-timeframe doji trends to estimate the direction of the higher-timeframe doji trends, before they become detectable to Doji Trender. Confirm by looking for confluence where those trends intersect with horizontal support/resistance, this indicator, and/or others. 3) Notice that multiple legs on the same trend line are close to parallel, if not colinear. 4) Notice that many of the doji segments point toward (very-distant) future dojis. 5) Drop horizontal lines on the dots where we previously reversed, and find confluence in VRVP when we revisit them. 6) Create parallel (fib/whatever) channels that more-closely match MM's intent. The segments one uses to set the angle of the channel, and those used to align the channel, vertically, are not always the same: a) Match the channel slope to as many doji slopes as possible, considering every trend. b) Figure out where the channel actually belongs, re-considering every trend.
Indicatore Pine Script®
di Kerbal