Inizia

Doji

Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically. If you use smaller numbers for left/right bars then it will be more sensitive. source code of :
Indicatore Pine Script®
di LonesomeTheBlue
126
S&R Zone SignalsThis indicator allows you to specify price zones in which to detect basic candlestick patterns. In the example above, I have specified the most immediate support and resistance zones on GBP/USD and set the script to detect engulfing candles. If a bearish engulfing candle occurs within the resistance zone a signal will be generated; likewise for bullish engulfing candles within the support zone . The purpose of this indicator is to generate trading alerts when these patterns occur in order to reduce the screen-time required to monitor setups. This indicator is intended for structure traders primarily, although it could be used by anyone who uses zones and candlestick patterns to enter trades. If you leave either zone set to 0 then that zone will not be used, meaning that you can use this to detect both support and resistance signals, or only signals at support, or only signals at resistance. Settings: R1: First Resistance Price R2: Second Resistance Price S1: First Support Price S2: Second Support Price Draw Signals: Enable/Disable Visual Signals How Far To Look Back: Used For Detecting Fractal Highs/Lows Doji Size (in pips): This Changes the Size of Detected Doji Candles Hammer Wick Size: This Changes the Size of Detected Hammers/Shooting Stars Engulf Wick: If Enabled, Only Engulfing Candles That Engulf the Wick Will Be Valid Show Engulfing Candles: Enable/Disable Visual Signals For Engulfing Candles Show Doji Candles: Enable/Disable Visual Signals For Doji Candles Show Hammer Candles: Enable/Disable Visual Signals For Hammer/Shooting Star Candles Source Code: Go to zenandtheartoftrading.com for the source code – it’s free!
Indicatore Pine Script®
di ZenAndTheArtOfTrading
27
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend. Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas. Fade (Extreme) Reversal The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark and put their money to work-price has been over-extended and must be pushed back toward a fair area of value so two-sided trade can take place. This setup works because many normal investors, or casual traders, head for the exits once their trade begins to move sharply against them. When this happens, price becomes extremely overbought or oversold, creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and Vice versa. Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward fair value. Engulfing (Outside) Reversal The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value. As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the beginning of a bullish advance. If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35. Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low, and close prices of the bars in question to create a single composite candlestick . Doji Reversal The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling pressure essentially pushes price lower, as responsive sellers take control of the market and push price back toward fair value.
Indicatore Pine Script®
di ParCorn
7
Doji strategyThis is a simple strategy based on Doji star candlestick. It places two orders: buy stop at doji star high or previous candle high and sell stop at doji star low or previous candle low. Exit rules are with take profit and fixed stop loss or take profit and stop loss at doji min or max. This strategy works very well with high time frames like Daily and Weekly because those are without noise in doji formation. Each currency pair has its own optimal setting for TP and SL: it's up to user find the best ones. I could implement SL based on ATR, maybe in next revision. Please use comment section for any feedback. Next improvement (only to whom is interested to this script and follows me): study with alerts on multiple tickers all at one. Leave a comment if you want to have access to study.
Strategia Pine Script®
di 03.freeman
8
Candle PatternsWith the right knowledge on price action and this indicator you would be able to make great trades. This unfortunately only works on 1Day chart as of yet. I will design it different in the near future to suit everyone trading desire. Also I designed it on Forex charts so if you want to try on other charts you are more than welcome to try and see if it works. Doji = Doji for Bull and Bear Rej = Green - Bullish Red - Bearish OC = Green - Outside candle Bullish Red - Outside candle Bearish "IB" = Green - Inside bar Bullish Red - Inside bar Bearish "PB" = Green - Bullish Pin Bar Red - Bearish Pin Bar Let me know if you would like to have this indicator. I will give the first few for free as soon as there are a few people that have this indicator I am going to start selling it! :) I have no coding background at all. . . I would like to have your comments on this indicator. Thanks
Indicatore Pine Script®
di NicoTrade001
17
Price Action Doji Harami v0.2 by JustUncleLThis is an updated and final version of this indicator. This version distinguishes between the true Harami and the other Doji candlestick patterns as used with the Heikin Ashi candle charts. These candle patterns indicate a potential trend reversal or pullback. The patterns identified are: - Bearish Harami (Red Highlight above Bar): One to three (default 3) large body Bull (green) candles followed by a small (red) or no body candle (less than 0.5pip) with wicks top and bottom that are at least 60% of candle. - Bullish Harami (Green Highlight below Bar): One to three (default 3) large body Bear (red) candles followed by a small (green) or no body candle (less than 0.5pip) with wicks top and bottom that are at least 60% of candle. - Bearish Doji (Fuchsia Highlight above Bar): One to three (default 3) large body Bull (green) candles followed by a small (green) with wicks top and bottom that are at least 60% of candle. - Bullish Doji (Aqua Highlight below Bar): One to three (default 3) large body Bear (red) candles followed by a small (red) with wicks top and bottom that are at least 60% of candle. You can optionally specify how large the candles prior to Harami/Doji are in pips, default is 0 pip. If you set this to zero then it will have no candle size consideration. You can also specify how many look back candles (1-3) are used in Harami/Doji calculations (default 3). Included option to perform Calculations purely on Heikin Ashi candles, this helps when you want to see the HA Doji/Harami bars with the normal candle stick chart. Also can optionally set an alert condition for when Harami/Doji found, this also displays a circle on the bottom of the screen when alert is triggered.
Indicatore Pine Script®
di JustUncleL
27