Popgun Bar PatternI created this script to research the trading effectiveness of the Popgun Bar Pattern.
The Popgun Bar Pattern is found when 3 candlesticks in order form the following pattern:
0. Any bar that is then followed by:
1. An inside bar. This is a bar that is completely engulfed by the bar before it. It will have a lower high and a higher low than the previous bar.
2. An outside bar immediately after. This is a bar that completely engulfs the prior inside bar. It will have a higher high and a lower low than the previous bar.
Simply put, the Popgun Bar Pattern is an inside bar followed by an outside bar.
I would highly recommend incorporating this signal as a "trigger" for existing technical analysis. Used in isolation it may not have a high probability of success.
To make it more effective as a trigger to a trading signal I incorporated into my code an Entry, Stop, and a Target dot.
The Entry dot is offset from the low of a bearish Popgun Bar Pattern or the high of a bullish Popgun Bar Pattern by a factor of ATR. The default ATR percentage is 33% but can be adjusted.
The Stop dot is based on the recent highest high (bearish) or lowest low (bullish) of a set range (default is 9 bars) plus/minus the ATR percentage buffer.
The Target dot is automatically calculated from the entry based on a configurable reward factor (default is 3) from the entry to stop distance. This projects a potential 3:1 reward/risk trade by default.
There is an additional alert condition which can be configured at the end of the script.
Cerca negli script per "bar"
Probability: Bull/Bear Dominance | Ratio | Bar CountIntro
What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it.
Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't need the 5 trillionth "MTF MAs" script.)
Indicator
Its a basic counting script, but the nice thing about this script is you choose the time range. It starts counting from a specified point of your choosing. It counts up the bull bars and bear bars separately.
Bull Bar = Close > Open
Bear Bar = Open > Close
You can look at them in sum or as a ratio of Green Bars : Red Bars
I know, it's almost too simple. But, here's some interesting food for thought from a layman to fellow laymen.
Analysis/Edge
Between the time of candle open and candle close, the price can do one of three things, close higher, close lower, or close equal to.
'Equal to' is rare on higher timeframes in liquid markets and it provides no useful information. Thus, we'll nix it for purposes of this conversation.
So boil it down. The next candle is going to be a red candle or a green candle.
It is popular to refer to the general probability of most candles as 50/50, with trader's mission in life being to seek an edge that tilts the probabilities slightly in their favor.
The truth is the odds are probably never actually 50/50, but knowing the precisely correct probability is unknowable, just like the accuracy of a weather forecast is inherently unknowable. What we're trying to do as traders is develop systems that give us predictive probabilistic outcomes that correspond with future realities based on various ways of measuring the market (most often heavily dependent on the past).
The reality is that the market can be measured in many, many different ways. The important thing is that you measure it in a way that is accurate, relevant, and universally applicable.
So look at this indicator here:
You start from a point in time on a chosen timeframe and you put red bars in the red column, green in the green column, and count them all up.
Then you make a ratio, in this case, Green : Red.
What the ratio shows you is the percentage of green bars compared to red bars . At the time of this screenshot, the 4h on the SPX starting from the 2020 bottom is showing a ratio of 1.2.
This means there have been 20% more green bars than there have been red bars.
Now there are 1,000 directions you can take this discussion. What is the overall volatility picture, the size of the red bars vs the green bars, what happens if you miss out on the 5 biggest green bars... so many more variables that you would need to take into account to develop a true edge from this idea. But, the bottom line fact (which is what I like about this) is that we can take this data and say with a certain level of confidence that on the SPX you have a 20% better shot at making money (otherwise stated there's a 60/40 chance) if you open a LONG trade at the beginning of a 4h candle than if you open a short.
That's useful information. One could argue that it's not a complete strategy in and of itself (although I bet it could be with a couple of additional parameters). But I can tell you, based on the 4h candles in the 2020 rally if you open a short, the deck is stacked against you from this perspective. And we can actually somewhat demonstrate this to be true for our dataset because we can look at the price history and see who likely made more money. The SPX is up 1000pts off the bottom. So, thus far, for this dataset, it rings true; Bulls have been doing way better in the latter part of 2020 than the bears.
Conclusion
Predictive systems with a small number of variables tend to be more robust than a system with many variables when applied to a complex system. I may keep updating this script if people like it and determine aspects like population vs sample size, confidence intervals, volatility, and exclusion of outliers. For now, this is just an opening foray into the basic idea of how we can establish an edge in the markets. It really can be this simple.
Thanks for Reading.
Inside Bar Detector - 15min
🔍 What is an Inside Bar?
An **Inside Bar** is a candle that forms **entirely within the high and low of the previous candle**. It represents **consolidation**, **indecision**, or **potential reversal**, and is a key signal in The Strat trading method.
🔧 What the Script Does:
1. **Timeframe Restriction**:
* The script activates **only on the 15-minute timeframe**, avoiding clutter on other timeframes.
2. **Inside Bar Logic**:
* It checks whether the **current bar’s high is lower than the previous bar’s high**, **AND** the **current bar’s low is higher than the previous bar’s low**.
* If both conditions are true, it confirms an Inside Bar.
3. **Visual Display**:
* When an Inside Bar is detected, the script **plots a yellow label ("1") above the bar**.
* The label represents the Strat 1-bar and helps you easily spot potential setups.
🎯 Use Case:
* Ideal for **Strat traders**, **price action analysts**, or **any trader** looking for breakout or reversal opportunities.
* Common setups include **1-2**, **1-3**, or **double inside bar** breakouts.
Pin Bar Reversal StrategyStrategy: Pin Bar Reversal with Trend Filter
One effective high-probability setup is a Pin Bar reversal in the direction of the larger trend. A pin bar is a candlestick with a tiny body and a long wick, signaling a sharp rejection of price
By itself, a pin bar often marks a potential reversal, but not all pin bars lead to profitable moves. To boost reliability, this strategy trades pin bars only when they align with the prevailing trend – for example, taking a bullish pin bar while the market is in an uptrend, or a bearish pin bar in a downtrend. The trend bias can be determined by a long-term moving average or higher timeframe analysis.
Why it works: In an uptrend, a bullish pin bar after a pullback often indicates that sellers tried to push price down but failed, and buyers are resuming control. Filtering for pin bars near key support or moving averages further improves odds of success. This aligns the entry with both a strong price pattern and the dominant market direction, yielding a higher win rate. The pin bar’s own structure provides natural levels for stop and target placement, keeping risk management straightforward.
Example Setup:
USDCHF - 4 Hour Chart
Trend SMA 12
Max Body - 34
Min Wick - 66
ATR -15
ATR Stop Loss Multiplier - 2.3
ATR Take Profit Multiplier - 2.9
Minimum ATR to Enter - 0.0025
Inside Bar with High/LowInside Bar with High/Low
The indicator plots horizontal mid line between two Inside bars with High / Low with Multi Time Frame Selection by the user which can be traded in trending markets in the direction of the trend, when traded this way they are typically referred to as a ‘Breakout Play’ or an inside bar ‘Price Action Breakout Pattern’ They can also be traded counter-trend, typically from ‘Key Chart Levels’ , when traded this way they are often referred to as ‘Inside Bar Reversals’ .
The classic entry for an inside bar signal is to place a buy stop or sell stop at the high or low of the mother bar, and then when price breakouts above or below the mother bar, your entry order is filled with best time frame preferably more than 1 hour.
Stop loss placement is typically at the opposite end of the mother bar, or it can be placed near the mother bar halfway point (50% level), typically if the mother bar is larger than average.
It’s worth noting that these are the ‘classic’ or standard entry and stop loss placements for an inside bar setup is a useful tool for traders looking to identify potential reversals using the 20/50 EMA and candlestick patterns. However, like any trading tool, it should be used in conjunction with other indicators and analysis techniques for better accuracy
And also this tool is especially useful for day traders who want to track price action during specific times of the day and make informed decisions based on market behavior with more than 60 minutes period
As always, back testing and customization are recommended to optimize performance across different market conditions
In the end, experienced traders may decide on other entries or stop loss placements as they see fit.
Please remember that this indicator is provided for educational purposes only and does not constitute financial advice
Engulfing Patterns & Inside Bar at NWOGEngulfing Patterns & Inside Bar at NWOG:
This indicator is designed to detect and display specific candlestick patterns (Bearish Engulfing, Bullish Engulfing, and Inside Bar) when they occur at the New Week Open Gap (NWOG). The indicator provides tiny dots plotted at the top of the candle for each detected pattern, keeping the chart clean and minimal. Below is a detailed description of the logic and components:
Candlestick Patterns Detected:
Bearish Engulfing:
A Bearish Engulfing pattern occurs when:
The current candle’s high is above the previous candle’s high.
The current candle’s close is below the previous candle’s low.
This pattern signals a potential downtrend and is marked by a red dot at the top of the candle.
Bullish Engulfing:
A Bullish Engulfing pattern occurs when:
The current candle’s low is below the previous candle’s low.
The current candle’s close is above the previous candle’s high.
This pattern signals a potential uptrend and is marked by a green dot at the top of the candle.
Inside Bar:
An Inside Bar pattern occurs when:
The current candle’s high is lower than the previous candle’s high.
The current candle’s low is higher than the previous candle’s low.
This pattern indicates a period of consolidation and possible breakout or breakdown, and is marked by a blue dot at the top of the candle.
New Week Open Gap (NWOG) Condition:
The patterns (Bearish Engulfing, Bullish Engulfing, and Inside Bar) are only considered valid if the candles occur within or touch the range of the New Week Open Gap (NWOG).
The NWOG is defined as the gap between:
The Friday close (previous week’s closing price).
The Monday open (current week’s opening price).
If the signal patterns (Bullish Engulfing, Bearish Engulfing, Inside Bar) align with the NWOG, a tiny dot is plotted at the top of the candle where the pattern occurs.
Visual Representation:
Red Dots: Indicate Bearish Engulfing signals that occur at the NWOG.
Green Dots: Indicate Bullish Engulfing signals that occur at the NWOG.
Blue Dots: Indicate Inside Bar Breakdown signals that occur at the NWOG.
Each dot is plotted as a tiny circle at the top of the candle, ensuring the chart remains minimal and clean without cluttering the view.
Key Features:
Minimal and Clean: The indicator only plots tiny dots at the top of the candles for the detected signals. No additional lines, labels, or other visual elements clutter the chart.
Customizable Signal Colors: Users can customize the colors for each signal type (Bearish Engulfing, Bullish Engulfing, and Inside Bar).
Alerts: Alerts are included for all detected patterns (Bullish Engulfing, Bearish Engulfing, Inside Bar) at the NWOG.
Alerts:
Bearish Engulfing Detected: Alerts when a Bearish Engulfing pattern occurs at the NWOG.
Bullish Engulfing Detected: Alerts when a Bullish Engulfing pattern occurs at the NWOG.
Inside Bar Breakdown Detected: Alerts when an Inside Bar Breakdown pattern occurs at the NWOG.
This indicator is helpful for traders who want to focus on clean, easy-to-spot patterns and trade based on market conditions near the New Week Open Gap (NWOG). The tiny dots ensure that only relevant signals are displayed without any distractions.
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Inside and Outside BarsInside Bar:
An inside bar forms when the high and low range of a candlestick is within the high and low range of the previous candlestick.
In other words, the current candlestick's high is lower than the previous candlestick's high, and the current candlestick's low is higher than the previous candlestick's low.
Inside bars indicate a period of consolidation or indecision in the market. They often occur after a strong move in price and can signal a potential reversal or continuation of the trend, depending on the context.
Outside Bar:
An outside bar (or engulfing bar) forms when the high and low range of a candlestick completely engulfs the high and low range of the previous candlestick.
In bullish outside bars, the current candlestick's high is higher than the previous candlestick's high, and the low is lower than the previous candlestick's low.
In bearish outside bars, the current candlestick's high is lower than the previous candlestick's high, and the low is higher than the previous candlestick's low.
Outside bars often indicate a significant shift in market sentiment. Bullish outside bars suggest increased bullish momentum, while bearish outside bars suggest increased bearish momentum.
Bollinger Bands Inside barthe indicator name is Bollinger Band inside bar because it uses Bollinger Band and inside bar to take counter-trend positions in the market. whenever this pattern is formed then it can be used to take an entry into the market. the candlestick pattern recognizes 3 candle candlestick. first the mother bar i.e. the medium to the big size candle that intersects with the upper and the lower levels of the Bollinger band. the second candle should be an inside bar i.e. the high and low of the current bar should be less than the previous bar. finally, the last bar who's low should be less than the mother bar in case of the mother bar is at upper levels and if the mother bar is at lower levels then the candle's high should be more than the mother bar. the stop-loss should be high and low of the mother bar respectively. entry should be taken as soon as the low and high of the mother bar is taken out respectively. target should be 1:1 or 20 sma or lower Bollinger band in case the entry is taken from the top. works best if there is a trend and the market takes a pullback and this pattern is formed.
Inside Bar SetupScript Details
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings
How to use this script ?
- This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index
- If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high
Remember:
1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction.
2. If range of mother candle is very high, it is recommended to avoid the trade.
3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame
Example:
1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less.
2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle.
3. As seen in the chart, both the targets are achieved.
Additional Info:
1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well.
2. This script plots targets basis the first inside bar formed in the day for selected time frame.
3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar)
4. Don't forget to check volume in case of breakout/breakdown.
Note:
1. Mother Candle - First Candle of Inside Bar
2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar)
Happy Trading :)
BO - Bar M15 2/3 SignalBO - Bar M15 2/3 Signal show the signal to trade Binary Option with rule below:
A. Indicator
* Bollinger Band (20,2): avoid waterfall
B. Rule of Signal
1. Rule1: Split Bar M15 to 3 part and load them on M5 chart (recommend use M5 IDC chart)
2. Rule 2: Delay 10' after bar M15 open => wait for price's pattern
3. Rule 3: Put Signal row 30-32
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is upward
* close of 2/3 Bar M15 below upper band Bb(20,2) on M5 chart => avoid strong buy
4. Rule 4: Call Signal row 36-38
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is downward
* close of 2/3 Bar M15 above lower band Bb(20,2) on M5 chart => avoid strong sell
C. Recommend Expiry time: Bar M15 close
* We try to catch the shadow of Bar M15 but dont trade when price run on the upper or lower band of BB(20,2,M5)
BO - Bar M15 Signal* This script show the signal base on volatility of previous bar M15 to trade Binary Option.
* Rule of Signal is below:
A. Rule 1: Wait for prices created temporary peak and bottom
Row 18: 10 minutes till close
B. Rule 2: Reversal previous bar's direction
1. Put Signal - Row 22 - 25:
- Delay 5' after bar M15 open
- previous bar's direction is upward
- price less than previous close
- temporary bottom greater than previous open
2. Call Signal - Row 29 - 32:
- Delay 5' after bar M15 open
- previous bar's direction is downward
- price greater than previous close
- temporary peak less than previous open
C. Rule 3: Follow previous bar's direction
1. Put Signal - Row 37 - 40:
- Delay 5' after bar M15 open
- previous bar's direction is downward
- price greater than previous open
- temporary peak less than previous peak
2. Call Signal - Row 43 - 46:
- Delay 5' after bar M15 open
- previous bar's direction is upward
- price less than previous open
- temporary bottom greater than previous bottom
Nifty Smart Zones & Breakout Bars(5min TF only) by Chaitu50cNifty Smart Zones & Breakout Bars is a purpose-built intraday trading tool, tested extensively on Nifty50 and recommended for Nifty50 use only.
All default settings are optimised specifically for Nifty50 on the 5-minute timeframe for maximum accuracy and clarity.
Why Last Bar of the Session Matters
The last candle of a trading session often represents the final battle between buyers and sellers for that day.
It encapsulates closing sentiment, influenced by end-of-day positioning, profit booking, and institutional activity.
The high and low of this bar frequently act as strong intraday support/resistance in the following sessions.
Price often reacts around these levels, especially when combined with volume surges.
Core Features
Session Last-Candle Zones
Plots a horizontal box at the high and low of the last candle in each session.
Boxes extend to the right to track carry-over levels into new sessions.
Uses a stateless approach — past zones reappear if relevant.
Smart Suppression System
When more than your Base Sessions (No Suppression) are shown, newer zones overlapping or within a proximity distance (in points) of older zones are hidden.
Older zones take priority, reducing chart clutter while keeping critical levels.
Breakout Bar Coloring
Highlights breakout bars in four categories:
Up Break (1-bar)
Down Break (1-bar)
Up Break (2-bar)
Down Break (2-bar)
Breakouts use a break buffer (in ticks) to filter noise.
Toggle coloring on/off instantly.
Volume Context (User Tip)
For best use, pair with volume analysis.
High-volume breakouts from last-session zones have greater conviction and can signal sustained momentum.
Usage Recommendations
Instrument: Nifty50 only (tested & optimised).
Timeframe: 5-minute chart for best results.
Approach:
Watch for price interaction with the plotted last-session zones.
Combine zone breaks with bar color signals and volume spikes for higher-probability trades.
Use suppression to focus on key, non-redundant levels.
Why This Tool is Different
Unlike standard support/resistance plotting, this indicator focuses on session-closing levels, which are more reliable than arbitrary highs/lows because they capture the final market consensus for the session.
The proximity-based suppression ensures your chart stays clean, while breakout paints give instant visual cues for momentum shifts.
PumpC RSI NTZ BarsPumpC RSI NTZ Bars — Slope-Aware RSI Momentum Overlay
The PumpC RSI NTZ Bars indicator builds on the classic RSI by combining it with slope detection and custom bar highlighting, helping traders quickly identify strong momentum breakouts while avoiding sideways chop — the (NTZ) or No Trade Zone .
What is (NTZ)?
(NTZ) stands for No Trade Zone — the neutral RSI area between bullish and bearish thresholds. In this zone, RSI lacks directional strength, which often reflects indecision or consolidation in price. This indicator helps visually separate the chop from true momentum, so you can trade the breakout, not the noise .
Core Features
Dynamic RSI-Based Bar Coloring with Slope Awareness
Bars change color based on RSI value and its slope:
Bright Green: RSI ≥ Bullish Threshold and sloping upward
Teal Green: RSI ≥ Bullish Threshold but sloping downward
Bright Red: RSI ≤ Bearish Threshold and sloping downward
Orange: RSI ≤ Bearish Threshold but sloping upward
White: RSI is between thresholds (NTZ)
Slope Detection Logic
RSI slope is used to confirm directional bias and filter out weak or fading momentum.
Clean Visual Integration
Choose how signals appear: full bar color, border-only style, background shading, or a mix of all three.
RSI Smoothing Option
Optional smoothing to reduce noise — especially useful on faster timeframes.
Built-In Alerts
RSI crossing above the bullish threshold with an upward slope
RSI crossing below the bearish threshold with a downward slope
User Inputs & Customization Options
RSI Length: Default 14
RSI Source: Default Close
Smooth RSI: On or Off
Smoothing Length: Default 2
Bullish Threshold: Default 60
Bearish Threshold: Default 40
Bar Highlight Style: Full Bar or Border Only
Display Mode: Bar Color, Background, or Both
How to Use It
Step 1 – Adjust Your RSI Settings:
Start by setting the RSI Length (default is 14) and choosing which price source to use — typically close , but you can experiment with hl2 , ohlc4 , etc.
You can also turn on smoothing if you want to reduce noise, especially on fast timeframes like the 1m or 5m chart.
Step 2 – Define Your No Trade Zone (NTZ):
The NTZ is the space between the bullish and bearish thresholds (default 60 and 40).
This is where momentum is weak and price is often ranging or chopping. You don’t want to trade in this zone — you're waiting for RSI to break out of it with conviction.
Step 3 – Choose Your Visual Style:
You can choose to: Highlight the entire candle (Full Bar)
Just highlight the outline (Border Only)
Add a background color behind the chart
Or use a combination of the above This makes the signal easy to see without changing your whole chart look.
Step 4 – Read the Colors for Quick Clarity:
Bright Green / Bright Red = Strong Momentum (with RSI slope confirmation)
Teal / Orange = Momentum is weakening — RSI value is above/below threshold but losing slope strength
White = RSI is in the No Trade Zone (NTZ) — not enough strength to trade
Use this color feedback to stay out during weak periods and act when the trend gains strength.
Step 5 – Use Alerts for Clean Signals:
Set alerts when RSI breaks out of the NTZ with slope confirmation .
These are high-quality signals you can use to trigger your setups or review potential entries.
Disclaimer
This indicator is for educational and informational purposes only and should not be considered financial advice. Always combine tools like this with proper market context and risk management.
Elephant Bar Detector by McAiElephant Bar Detector 🐘
Overview:
The Elephant Bar Detector identifies significant bullish and bearish bars (candlesticks) based on size and volume criteria. It also detects follow-through patterns, helping traders confirm strong price movements.
Features:
✅ Elephant Bar Detection:
Bullish Elephant Bar 🐘: A large bullish candle with high volume.
Bearish Elephant Bar 🐘: A large bearish candle with high volume.
✅ Follow-Through Confirmation:
Checks if price continues in the same direction after the Elephant Bar.
Requires at least 80% follow-through over the next few bars.
✅ Visual Markers & Alerts:
Yellow Elephant 🐘 (Bottom) → Bullish signal
Pink Elephant 🐘 (Top) → Bearish signal
Background Highlight: Indicates confirmed follow-through
Alerts: Get notified when an Elephant Bar or follow-through occurs.
How It Works:
Calculates the average candle size over a user-defined period.
Sets a volume threshold (average volume × multiplier).
Identifies Elephant Bars when price movement & volume exceed thresholds.
Confirms follow-through by checking if 80% of the next few bars continue in the same direction.
Customizable Settings:
Length for Average Candle Size (Default: 200)
Volume Multiplier (Default: 1.5)
Number of Follow-Through Bars (Default: 3)
This indicator helps traders spot strong price moves early and confirm trends before entering trades. 🚀🔥
Engulfing bar detectorHere’s the updated description with the added step about using Fibonacci levels across timeframes for confirmation:
Liquidity Engulfing Bar Detector
The **Liquidity Engulfing Bar Detector** is a powerful tool designed for traders who want to identify high-probability reversal patterns in the market based on liquidity grabbing and price action. This indicator highlights **Bullish Engulfing** and **Bearish Engulfing** bars that fulfill specific liquidity criteria, helping you spot potential trend reversals and trading opportunities.
**Features**:
1. **Bullish Engulfing Bars**:
- The current candle's low dips below the previous candle's low (grabs liquidity).
- The current candle closes above the previous candle's open.
- A green label is plotted above the engulfing bar for easy identification.
2. **Bearish Engulfing Bars**:
- The current candle's high exceeds the previous candle's high (grabs liquidity).
- The current candle closes below the previous candle's open.
- A red label is plotted below the engulfing bar for clear visibility.
3. **Customizable Alerts**:
- Receive instant notifications via TradingView alerts when a bullish or bearish engulfing pattern is detected.
- Alerts are fully customizable, allowing you to stay updated without actively monitoring the chart.
4. **Visual Markers**:
- Clear and intuitive labels make it easy to spot key patterns directly on your chart.
- Fully integrated with any timeframe and market, ensuring versatility for all trading styles.
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### **How to Use**:
1. **Add the Indicator**:
- Apply the Liquidity Engulfing Bar Detector to your chart to automatically highlight bullish and bearish engulfing bars.
2. **Enable Alerts**:
- Set up TradingView alerts to get notified of potential setups in real-time.
3. **Analyze with Fibonacci Levels**:
- Draw a Fibonacci retracement tool over the identified engulfing bar, from its low to its high (for bullish patterns) or high to low (for bearish patterns).
- Use the following Fibonacci levels as key zones of interest:
- **0.0 (start)**, **0.25**, **0.5 (midpoint)**, **0.75**, and **1.0 (end)**.
- These levels often act as critical support or resistance zones for price action.
4. **Use Multi-Timeframe Confirmation**:
- Validate zones from higher timeframes using lower timeframe candles:
- **1-minute candles** for confirming zones on the **15-minute chart**.
- **5-minute candles** for confirming zones on the **1-hour chart**.
- **15-minute candles** for confirming zones on the **4-hour chart**.
- This approach ensures precision in your entry points and aligns intraday movements with higher timeframe setups.
5. **Integrate with Your Strategy**:
- Combine the indicator with other tools (e.g., trendlines, moving averages, or volume analysis) for confirmation.
- Use proper risk management to maximize your trading edge.
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### **Why Use This Indicator?**
Liquidity grabs often signal the participation of major market players, which can lead to significant reversals or continuations. By combining liquidity concepts with engulfing bar patterns and Fibonacci analysis, this indicator helps you:
- Identify key market turning points.
- Improve your entries and exits with multi-timeframe precision.
- Enhance your trading strategy with an edge rooted in smart money concepts.
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**Note**: This indicator is best used with proper risk management and alongside other technical or fundamental analyses.
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Let me know if there's anything more you'd like to include!
VIX Bars [CrossTrade]In simple terms, this indicator colors your chart bars based on the VIX levels. We know that high volatility is unstainable and will naturally regress to a calmer market, therefore highlighting the bars where VIX is at extreme highs can sometimes indicate a market turning point. Consider pairing this indicator with my VIX Heatmap indicator for a complete picture of volatility.
Customizable VIX Levels: You can set your own thresholds for when the bars turn green or red. Green bars pop up when the VIX is above your set upper level (default is 30) - kind of like a heads-up that things might get bumpy. Red bars show up when the VIX dips below your lower threshold (default is 15), signaling calmer waters.
Optional Donchian Channel Filter: The Donchian Channel filter looks at the highest highs and lowest lows over your chosen period (default's 52 days) and only colors the bars if they match the filter's criteria. This adds an extra layer of confirmation that the colored bars at at a major high or low.
Visual Simplicity: The indicator keeps things visually straightforward. No cluttered screen, just colored bars telling you a story about market vibes. Alert come standard to signal those potential bottom or top bars based on the VIX being at your preferred extreme levels.
In essence, "VIX Bars" is like having a volatility radar on your chart. It doesn't make predictions, but it sure gives you a neat, color-coded heads-up on market sentiment. Great for adding an extra dimension to your analysis without getting all tangled up in complex indicators!
Buy-Sell Volume Bar Gauge [By MUQWISHI]▋ INTRODUCTION :
The Buy-Sell Volume Bar Gauge is developed to provide traders with a detailed analysis of volume in bars using a low timeframe, such as a 1-second interval, to measure the dominance of buy and sell for each bar. By highlighting the balance between buying and selling activities, the Buy-Sell Volume Bar Gauge helps traders identify potential volume momentum of a bar; aimed at being a useful tool for day traders and scalpers.
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▋ OVERVIEW:
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▋ METHODOLOGY:
The concept is based on bars from a lower timeframe within the current chart timeframe bar, where volume is categorized into Up, Down, and Neutral Volume, with each one displayed as a portion of a column plot. Up Volume is recorded when the price experiences a positive change, Down Volume occurs when the price experiences a negative change, and Neutral Volume is observed when the price shows no significant change.
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▋ INDICATOR SETTINGS:
(1) Fetch data from the selected lower timeframe. Note: If the selected timeframe is invalid (higher than chart), the indicator will automatically switch to 1 second.
(2) Price Source.
(3) Treating Neutral Data (Price Source) as
Neutral: In a lower timeframe, when the bar has no change in its price, the volume is counted as Neutral Volume.
Previous Move: In a lower timeframe, when the bar has no change in its price, the volume is counted as the previous change; “Up Volume” if the previous change was positive, and “Down Volume” if the previous change was negative.
Opposite Previous Move: In a lower timeframe, when the bar has no change in its price, the volume is counted as the opposite previous change; “Up Volume” if the previous change was negative, and “Down Volume” if the previous change was positive.
(4) Average Volume Length, it's used for lighting/darkening columns in a plot.
(5) Enable Alert.
(7) Total bought (%) Level.
(8) Total Sold (%) Level.
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▋ COMMENT:
The Buy-Sell Volume Bar Gauge can be taken as confirmation for predicting the next move, but it should not be considered a major factor in making a trading decision.
Lower Timeframe Volume BarsDescription:
The Lower Timeframe Volume Bars indicator enhances your TradingView experience by allowing you to visualize volume data from lower timeframes on your current chart. This powerful tool helps you gain deeper insights into volume trends and activity that are not immediately visible on higher timeframe charts. Specifically, it shows the volume data from the last bar of the selected lower timeframe.
Key Features:
Volume Bars from Lower Timeframes:
Display volume data from 1-minute or 1-second timeframes directly on higher timeframe charts, such as 15 minutes or 1 hour.
Each volume bar represents the aggregated volume from the lower timeframe within the selected higher timeframe period.
Enhanced Volume Analysis:
Gain a more detailed understanding of volume spikes and troughs that may be hidden in higher timeframe charts.
Identify potential market turning points and confirm trends with precise volume data.
Customizable Display:
Adjust the appearance of volume bars to fit your chart style and preferences.
Configure settings such as color, size, and positioning of volume bars for optimal visibility and clarity.
Seamless Integration:
Easily add the indicator to any chart in TradingView with a few clicks.
Works in conjunction with other technical indicators and tools to provide a comprehensive analysis environment.
How to Use:
Add the Lower Timeframe Volume Bars indicator to your chart.
Select the lower timeframe you wish to fetch volume data from (e.g., 1-minute or 1-second).
Customize the display settings to match your charting style.
Observe the volume bars overlaying your current chart to analyze volume activity across different timeframes, specifically showing the last bar's volume.
Use the detailed volume information to make informed trading decisions and enhance your market analysis.
Benefits:
Increased Clarity: See detailed volume activity that is often lost in higher timeframe aggregation.
Better Decision Making: Make more informed trading decisions with a clear view of volume trends and spikes.
Improved Trend Confirmation: Use lower timeframe volume data to confirm the strength and sustainability of market trends.
Enhance your trading strategy and gain a deeper understanding of market dynamics with the Lower Timeframe Volume Bars indicator. Visualize, analyze, and trade with confidence by leveraging detailed volume insights from lower timeframes.
Breaking Bar [5ema]I reused some functions, made by (i believe that):
@LeviathanCapital: Market Sessions.
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How to use?
More suitable for Scalping
1. Plan A: Break out the highest bar
Find the bar with the largest range (high – low) and high volume of the previous N bars.
When the price close breaks down to highest bar, give a SELL signal.
When the price close breaks up the highest, give a BUY signal.
2. Plan B: Break out the bar opened market
The price close breaks through the open bar, give a Buy and Sell signal.
Market sessions: Tokyo, London, Sydney, New York.
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How to set up?
Choose the plan.
Lookback bar to find highest bar.
Right bar: What position of signal will appear from the open market bar (or high bar).
Number break: The maximum bars have price close breaked before giving signal.
Session time: The open and close of market.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
SessionInfoLibrary "SessionInfo"
Utility functions for session specific information like the bar index of the session.
inSession(spec) Returns true if the current bar is in the session specification.
Parameters:
spec : session.regular (default), session.extended or other time spec.
Returns: True if the current is in session; otherwise false.
minutesToLen(minutes, multiple) Converts the number of minutes to a length to be used with indicators.
Parameters:
minutes : The number of minutes.
multiple : The length multiplier.
Returns: math.ceil(minutes * multiple / timeframe.multiplier)
bar(spec, res) Returns the intraday bar index. May not always map directly to time as a bars can be skipped.
Parameters:
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = "1440").
Returns: The integer index of the bar of the session.
isFirstBar(spec, res) Returns true if the current bar is the first one of the session.
Parameters:
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = "1440").
Returns: True if the current bar is the first one of the session.
wasLastBar(spec, res) Returns Returns true if the previous bar was the last of the session.
Parameters:
spec : session.regular (default), session.extended or other time spec.
res : The resolution (default = "1440").
Returns: True if was the last bar of the session.
Abnormal Pin BarPin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction.
You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body.
With this indicator, you can set your own abnormal pin bar settings. The indicator will highlight abnormal pin bars according to the settings you specified.
The indicator uses the following three factors to indicate abnormal pin bar:
- Minimum body ratio in the pattern in percent
- Minimum ratio of the long shadow to the body
- Minimum ratio of the long shadow to the short shadow
Also, there is a volume strength check to confirm the pin bar. If the volume where the pin bar is formed is greater than the 20 volume average, it indicates that the pin bar is more important. Of course, confirming the pin bar with the volume is optional and you can disable it in settings if you wish.
You can use the highlights of this indicator as an entry signal if the pin bar appears at the trend key levels or in support or resistance zones.
Pivot Boss -- Squat bars and Non Squat Bars 2.0Squat Bar Signal -- current Volume is greater than previous volume but Current bar MFI(Market Facilitation index) is lesser than previous bar MFI
Other Conditions -- Current Bars Range is lesser than (Average Range * Range Multiplier)
Non Squat Bar Buy Signal(Green Up Triangle) -- Volume and MFI is greater than previous bar, Close greater than open, Close is greater than midpoint
Non Squat Bar Sell Signal(Red Down Triangle) -- Volume and MFI is greater than previous bar, Close lesser than open, Close is lesser than midpoint
Usually Squat signal is confirmed by Non Squat Bar Signal..
Other indicator used -- PEMA -- Pivot based EMA
For Better results use it along with Advanced Volume indicator and PEMA
