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.
Cerca negli script per "bar"
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
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.
---
### **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.
---
### **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.
---
**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.
_______________________
▋ OVERVIEW:
_______________________
▋ 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.
_______________________
▋ 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.
_____________________
▋ 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
Inside/Outside Bar Sequence Detector# Inside/Outside Bar Sequence Detector
## English Description
**Inside/Outside Bar Sequence Detector**
This indicator identifies and visualizes sequences of Inside and Outside bars on any chart. It highlights important price action patterns that can signal potential market reversals or continuation moves.
**Key Features:**
- Automatically detects consecutive Inside bars (where price action is contained within the previous bar's range) and Outside bars (where price action exceeds the previous bar's range)
- Displays sequences with customizable labels showing the pattern type
- Highlights the price range of each sequence with a transparent box
- Marks individual Inside bars with "i" and Outside bars with "o" below each candle
- Applies special pattern recognition rules for more accurate trade signals
- Fully customizable appearance including colors, opacity, and label positioning
Adjust the minimum sequence length according to your trading timeframe and strategy to filter out noise and focus on significant patterns.
## 中文描述
**内包/外包K线序列检测器**
这个指标可以识别并可视化任何图表上的内包和外包K线序列。它突出显示重要的价格行为模式，这些模式可能预示市场潜在的反转或延续走势。
**主要特点：**
- 自动检测连续的内包K线（价格活动被限制在前一根K线范围内）和外包K线（价格活动超出前一根K线范围）
- 通过可自定义的标签显示模式类型
- 用透明框突出显示每个序列的价格范围
- 在每根K线下方用"i"标记内包蜡烛，用"o"标记外包蜡烛
- 应用特殊模式识别规则，提供更准确的交易信号
- 完全可自定义的外观，包括颜色、透明度和标签位置
根据您的交易时间框架和策略调整最小序列长度，以过滤噪音并专注于重要模式。
Inside Bars📌 Overview:
This indicator scans for multiple inside bars during periods of consolidation by dynamically designating a “mother bar” and then marking subsequent bars that trade entirely within its range. It includes an optional doji filter on the most recent candle, helping to confirm indecision before potential breakouts.
🛠 Key Features:
✅ Dynamic Mother Bar Identification:
The script selects a mother bar when the current bar’s range exceeds that of the previous bar. This bar sets the high and low boundaries, creating a reference zone for later price action.
Once a mother bar is defined, subsequent candles that remain completely within its high and low are flagged as inside bars.
✅ Optional Doji Check:
For added precision, an optional feature lets you verify that the most recent bar is a doji—a candle where the difference between the open and close is minimal relative to its total range. This additional filter highlights periods of market indecision, which can often precede strong directional moves.
⚡ Add this script to your chart and enhance your trading strategy! 🚀
(Optimized) Volume Based Colored Bars Volume Based Colored Bars (VCB)
This indicator analyzes the relationship between price action and volume to provide visual cues for traders. It colors the price bars based on whether the bar's volume is high, medium, or low relative to the moving average of volume. Additionally, it distinguishes between bullish (price closed higher than it opened) and bearish (price closed lower than it opened) bars, offering a quick and intuitive way to assess market sentiment and activity.
Key Features:
Volume Classification:
High Volume: Volume is greater than 1.5 times the moving average.
Medium Volume: Volume is between 0.5 and 1.5 times the moving average.
Low Volume: Volume is less than 0.5 times the moving average.
Price Action Analysis:
Bullish Bars: Bars where the closing price is higher than the opening price.
Bearish Bars: Bars where the closing price is lower than the opening price.
Bar Colors:
Bearish High Volume: Dark red.
Bearish Medium Volume: Red.
Bearish Low Volume: Orange.
Bullish High Volume: Dark green.
Bullish Medium Volume: Lime green.
Bullish Low Volume: Aquamarine.
This indicator helps traders quickly identify when price movements are supported by significant volume, offering potential insights into market strength or weakness. Ideal for both novice and experienced traders looking for an edge in their analysis.
3-Bar Low Strategy█ STRATEGY DESCRIPTION
The "3-Bar Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous three bars. It enters a long position when specific conditions are met and exits when the price exceeds the highest high of the previous seven bars. This strategy is suitable for use on various timeframes.
█ WHAT IS THE 3-BAR LOW?
The 3-Bar Low is the lowest price observed over the last three bars. This level is used as a reference to identify potential oversold conditions and reversal points.
█ WHAT IS THE 7-BAR HIGH?
The 7-Bar High is the highest price observed over the last seven bars. This level is used as a reference to identify potential overbought conditions and exit points.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The close price is below the lowest low of the previous three bars (`close < _lowest `).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
If the EMA Filter is enabled, the close price must also be above the 200-period Exponential Moving Average (EMA).
2. EXIT CONDITION
A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position.
█ ADDITIONAL SETTINGS
MA Period: The lookback period for the 200-period EMA used in the EMA Filter. Default is 200.
Use EMA Filter: Enables or disables the EMA Filter for long entries. Default is disabled.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support and resistance levels.
It is sensitive to oversold conditions, as indicated by the 3-Bar Low, and overbought conditions, as indicated by the 7-Bar High.
Backtesting results should be analyzed to optimize the MA Period and EMA Filter settings for specific instruments.
Outside Bar Scanner (Alessio)Outside Bar Scanner
Description:
The Outside Bar Scanner is a powerful indicator designed to automatically detect outside bars (or outside candles) on any timeframe. This tool is perfect for traders who want to quickly spot reversal or trend continuation opportunities based on one of the most significant patterns in technical analysis.
Key Features:
Automatic Detection of Outside Bars:
Identifies and marks bullish (long) and bearish (short) outside bars directly on the chart.
Each outside bar is highlighted with a label and an icon for clear visibility.
Previous Candle High and Low Lines:
Draws two horizontal lines indicating the high and low of the candle preceding the outside bar.
These lines help you quickly identify key support and resistance levels.
Built-In Alerts:
Receive real-time notifications whenever a new outside bar is detected, so you’ll never miss a trading opportunity.
How to Use:
Add the indicator to your chart and let it automatically detect outside bars, marking key high and low levels.
Use the alerts to get notified whenever a new outside bar forms.
Combine this indicator with other strategies or technical tools to enhance your analysis.
Perfect For:
Traders operating in any market (forex, stocks, cryptocurrencies, indices).
Short-term, medium-term, or long-term traders, as it works seamlessly across all timeframes.
Anyone looking to simplify their technical analysis and respond quickly to market signals.
Note: This indicator is a support tool and does not provide direct trading signals. It is recommended to combine it with other analyses for well-informed decision-making.
Pivot Highs/Lows with Bar CountsWhat does the indicator do?
This indicator adds labels to a chart at swing (a.k.a., "pivot") highs and lows. Each label may contain a date, the closing price at the swing, the number of bars since the last swing in the same direction, and the number of bars from the last swing in the opposite direction. A table is also added to the chart that shows the average, min, and max number of bars between swings.
OK, but how do I use it?
Many markets -- especially sideways-moving ones -- commonly cycle between swing highs and lows at regular time intervals. By measuring the number of bars between highs and lows -- both same-sided swings (i.e., H-H and L-L) and opposite-sided swings (i.e., H-L and L-H) -- you can then project the averages of those bar counts from the last high or low swing to make predictions about where the next swing high or low should occur. Note that this indicator does not make the projection for you. You have to determine which swing you want to project from and then use the bar counts from the indicator to draw a line, place a label, etc.
Example: Chart of BTC/USD
The indicator shows pivot highs and lows with bar counts, and it displays a table of stats on those pivots.
If you focus on the center section of the chart, you can see that prices were moving in a sideways channel with very regular highs and lows. This indicator counts the bars between these pivots, and you could have used those counts to predict when the next high or low may have occurred.
The bar counts do not work as well on the more recent section of the chart because there are no regularly time swings.
LBR-Volatility Breakout BarsThe originator of this script is Linda Raschke of LBR Group.
This Pine Script code is the version 5 of LBR Paintbars for TradingView, called "LBR-Bars." It was originally coded for TradingView in version 3 by LazyBear. It is a complex indicator that combines various features such as coloring bars based on different conditions, displaying Keltner channels, and showing volatility lines.
Let me break down the key components and explain how it works:
1. Inputs Section: This section defines various input parameters that users can adjust when adding the indicator to their charts. These parameters allow users to customize the behavior and appearance of the indicator. Here are some of the key input parameters:
- Users can control whether to color bars under different conditions. For example,
they can choose to color LBR bars, color bars above/below Kelts, or color non-LBR
bars.
- Users can choose whether to show volatility lines or shade Keltner channels' area
with the Mid being the moving average on the chart.
- In the calculation of Keltner channels, users can set the length of the moving
average that the Keltner channels use as the mid and then set the Keltner multiplier.
If users want to use "True Range" to determine calculations, they can turn it on or
off; it defaults to off.
- Users can change the calculation of volatility lines and set the length for finding the
lowest and highest prices. The user sets the ATR length and multiplier for the ATR.
2. Calculation Section: This section defines the calculation of the upper and lower standard deviation bands based on the input parameters. It uses Exponential Moving Averages (EMAs) and optionally True Range to calculate these bands if turned on. These bands are used in the Keltner channel calculation.
3. Keltner Channel Section: This section calculates the upper, middle, and lower lines of the Keltner channels. It also plots these lines on the chart. The colors and visibility of these lines are controlled by user inputs.
4. Volatility Lines Section: This section calculates the upper and lower volatility lines based on the lowest and highest prices over a specified period and the ATR. It also checks whether the current close price is above or below these lines accordingly. The colors and visibility of these lines are controlled by user inputs.
5. Bar Colors Section: This section determines the color of the bars on the chart based on various conditions. It checks whether the current bar meets conditions like being an LBR bar, being above or below volatility lines, or being in "No Man's Land." The color of the bars is set accordingly based on user inputs.
This Pine Script creates an indicator that provides visual cues on the chart based on Keltner channels, volatility lines, and other customizable conditions. Users can adjust the input parameters to tailor the indicator's behavior and appearance to their trading preferences.
Ectopic Bar by Moti RakamEctopic Bar is an indicator that highlights a pin-bar candle that has divergence in it's shape and volume delta. To find volume delta, code of standard Up/Down volume indicator has been used.
PIN BAR : pin bar are marked by using Close Range option parameter. Default value is set to 0.35 which implies any candle that closes in the 35% of its high/low will be considered a pin bar (of course the code also ensures that rest of the bar body is only a wick).
HOW IT WORKS:
Up/Down volume variables "Up Volume" and "Down Volume" are checked against the shape of the pin bar to find an ectopic situation. For example, if a bullish pin bar candle (a bullish hammer) has more sell volume than buy volume, that's an ectopic situation. The bullish hammer shows a buying push from the bottom of the wick, instead the up/down volume indicator shows there were more sell orders than buy orders. Hence the ectopic situation. Similarly, an inverted hammer (a bearish hammer) in general should have more sell volume, but instead if it has more buying volume, the indicator highlights it as an ectopic bar.
Ectopic Bars are painted in yellow colour.
candle countsmall script for count bar ...it count bar from open of day till end of day ...
in lower time its deleting candle count because of tradingview label limit 50
. bar counting it help me to teach trader bar by bar ...some of bar in all world chart are very important ..in al brook sir book and his website he marked many imortant bar no
for reference al brook sir said about bar counting method
the highest probability trade was the one that I said. When bar 62 was happening, I said, “Traders are buying,” you know, “I’m buying, it’s going up,” right? So 62 is the highest probability trade, but that does not mean it’s the easiest trade. It just means the probability that we’re going to get some kind of a measured move out of 62 is very high, probably 70 percent.
thanks to stack overflow that code is ans there
in this script many people help me thanks to @HappyBaby86 and @Kjaerbye#7503
sorry my english is not good.my native language is Hindi ..
