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Indecisive CandlesAn Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate whether a candle qualifies as an indecisive candle based on the criterion that its body (the absolute difference between its open and close prices) is less than or equal to 50% of the total range of the candle (the difference between its high and low prices). Key Features: Small Real Body: Signifies minimal movement from open to close, indicating market indecision. Long Upper and Lower Wicks: Show that both bulls and bears attempted to control the price, but neither succeeded, leading to a standoff. Formation Context: Typically found at the end of a strong trend or within a consolidation phase, hinting at a potential reversal or continuation pattern. Usage in Identifying Institutional Supply and Demand: Supply Zones: When an Indecisive Candle forms after a rally, it can mark the onset of an institutional supply zone, suggesting that large entities are starting to sell, leading to potential downward pressure. Demand Zones: Conversely, when this candle appears after a downtrend, it often signals the emergence of a demand zone, where institutions begin to accumulate, anticipating a price increase. Trading Strategies: Zone Identification: Use Indecisive Candles to pinpoint key supply and demand zones on your chart, enhancing the accuracy of your support and resistance levels. Confirmation: Look for confirmation from subsequent price action or volume spikes to validate the presence of institutional activity before making trading decisions. Risk Management: Place stop-loss orders beyond the wicks of these candles to protect against false breakouts or continued indecision. Conclusion: Indecisive Candles are essential tools for traders looking to understand market sentiment and institutional behavior. By mastering their identification and interpretation, you can enhance your ability to spot high-probability trading opportunities and manage risks effectively.
Indicatore Pine Script®
di DOSALGO
2
Red Candles with Green Precedent **Title**: Red Candles with Green Precedent Indicator **Description**: This TradingView indicator is designed to help traders identify potential reversal or continuation patterns based on the appearance of consecutive red candles following a green candle. The script marks a region starting from a green candle that precedes at least four consecutive red candles, extending a box forward for a predefined number of bars to analyze the continuation of the trend. **Key Features**: - **Consecutive Red Candles Detection**: The indicator counts consecutive red candles that close lower than they open. - **Initial Green Candle Identification**: Identifies the last green candle before a series of red candles begins. This green candle must close higher than it opens. - **Visual Box Extension**: Creates a visual box from the open to the high of the green candle and extends it forward to highlight the period of interest. - **Dynamic Box Termination**: Optionally terminates the box early if a significant green candle appears within the extension period, suggesting a potential reversal. **Usage**: 1. **Setup**: Apply the indicator to any chart in TradingView. Adjust the number of consecutive red candles to track based on your trading strategy. 2. **Interpretation**: A visual green box will appear when the criteria are met. This box helps focus on the price action following a potentially significant green candle. Traders should watch for price actions within and around the box to make informed decisions. 3. **Alerts**: Consider setting alerts for when a new box is created or when a significant green candle forms that might terminate the box early, indicating potential market movements. **Suitable for**: This indicator is suitable for traders looking for visual cues about potential bearish exhaustion or the setup for a bullish reversal, particularly in volatile markets. --- Feel free to customize the description and features according to any additional details or personal insights you might want to include based on your trading experience or the specific behaviors of the markets you track. **Disclaimer**: This script is provided as a tool for trading analysis and is not intended to be used as the sole basis for any trading decisions. While this indicator aims to identify potential trading opportunities, its effectiveness can depend on market conditions and individual trading strategies. Users should conduct their own research and consult with professional advisors before making any investment decisions. The creator of this script assumes no responsibility for any potential financial losses incurred from using this indicator. Trading in financial markets involves risk, and it is possible to lose more than your initial investment. ---
Indicatore Pine Script®
di SpaceTradex
Bullish Candle Highlighter by MalviyaOverview: The Bullish Candle Highlighter is a comprehensive and user-friendly TradingView indicator designed to assist traders in identifying individual bullish candles, facilitating the recognition of potential bullish trends and reversal patterns. This tool is meticulously crafted to enhance the precision of your technical analysis, making it an essential addition to your trading arsenal. Key Features: Bullish Candle Identification: The indicator meticulously scans price action, pinpointing individual candles with a bullish bias. Each identified bullish candle is distinctly marked on the chart for easy recognition. Minimum Body Size Filter: To refine the selection of signals, the indicator incorporates a minimum body size filter. This filter ensures that only candles with a significant body size are considered, reducing noise and enhancing the reliability of bullish signals. Visual Highlighting: Bullish candles are visually highlighted with a vibrant green background, ensuring they stand out on your chart. The visual cues simplify the process of identifying potential entry points during bullish market conditions. How to Use: Bullish Candle Identification: Keep an eye on the chart for instances where the indicator marks a candle with the label "Bullish Candle." Each marked candle signifies a potential bullish reversal or continuation pattern. Buy Signal: Consider entering a long position when the current candle closes above the high of the identified bullish candle. The indicator's signals can be used to align your trading decisions with emerging bullish trends. Advanced Tips: Confirmation with Other Indicators: Boost the accuracy of your trades by combining Bullish Candle Highlighter signals with other technical indicators or trend analysis tools. Risk Management: Implement sound risk management strategies to protect your capital and optimize your trading performance. Important Note: The Bullish Candle Highlighter is a valuable tool, but no indicator guarantees profits. Always conduct thorough analysis and consider multiple factors before making trading decisions. Disclaimer: This indicator is provided for educational purposes and is not financial advice. Trading involves risk, and past performance is not indicative of future results. Feel free to tailor the description to match any specific features or nuances of your indicator. Providing detailed information and usage guidance will help users understand and maximize the benefits of your Bullish Candle Highlighter.
Indicatore Pine Script®
di rakeshmalviya5995
All Candlestick Patterns on Backtest [By MUQWISHI]▋ INTRODUCTION : The “All Candlestick Patterns on Backtest” indicator generates a table that offers a clear visualization of the historical return percentages for each candlestick pattern strategy over a specified time period. This table serves as an organized resource, serving as a launching point for in-depth research into candle formations. It may help to rectify any misconceptions surrounding candlestick patterns, refine trading approaches, and it could be foundation to make informed decisions in trading journey. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: Credit to public technical “*All Candlestick Patterns*” indicator. _______________________ ▋ TABLE: _______________________ ▋ CHART: _______________________ ▋ INDICATOR SETTINGS: #Section One: Table Setting #Section Two: Backtest Setting (1) Backtest Starting Period.  Note: If the datetime of the first candle on the chart is after the entreated datetime, the calculation will start from the first candle on the chart. (2) Initial Equity ($). (3) Leverage: Current Equity x Leverage Value. (4) Entry Mode:  - “At Close”: Execute entry order as soon as the candle confirmed.  - “Breakout High (Low for Short)”: Stop limit buy order, entry order will be executed as soon as the next candle breakout the high of last pattern’s candle (low for short) (5) Cancel Entry Within Bars: This option is applicable with {Entry Mode = Breakout High (Low for Short)}, to cancel the Entry Order if it's not executed within certain selected number of bars. (6) Stoploss Range: the range refers to high of pattern - low of pattern. (7) Risk:Reward: the calculation of risk:reward range start from entry price level. For example: A pattern triggered with range 10 points, and entry price is 100.  - For 1:1~risk:reward would the stoploss at 90 and takeprofit at 110.  - For 1:3~risk:reward would the stoploss at 90 and takeprofit at 130. #Section Three: Technical & Candle Patterns _______________________ ▋ Comments: This table was developed for research and educational purposes. Candlestick patterns are almost similar as seen in “*All Candlestick Patterns*” indicator. The table results should not be taken as a major concept to build a trading decision. Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action. Please let me know if you have any questions. Thank you.
Indicatore Pine Script®
di MUQWISHI
29
Market Relative Candle Ratio ComparatorIntroducing the Market Relative Candle Ratio Comparator, a visually captivating script that eases the way you compare two financial assets, such as cryptocurrencies and market indices. Leveraging a distinctive calculation method based on percentage changes and their averages, this tool presents a crystal-clear view of how your chosen assets perform in relation to each other, both for individual candles and over a range of previous candles. Tailoring the script to your preferences is a walk in the park, as it allows you to easily adjust input symbols, moving average lengths, and other parameters to match your analytical approach. The visually arresting column chart it creates employs vivid red and green colors to underscore the differences between the two assets on each candle. Simultaneously, the lower-opacity columns depict the accumulated differences over a specified lookback period. This vibrant blend of colors and opacities results in a dynamic visual experience, enabling you to better grasp market trends relative to each other. The reverse bool input is a handy feature that lets you invert the effect of the input symbol (DXY by default) in the comparison. When you set the reverse input to true, the script multiplies the calculated DXY percentage change by -1, effectively reversing the comparison. This is particularly useful when examining assets with an inverse relationship or when you'd like to analyze the input symbol's impact in the opposite direction. For instance, if the input symbol represents a market index that generally moves in the opposite direction of the selected cryptocurrency, enabling the reverse input will help you better visualize and understand the relationship between the two assets by inverting the input symbol's effect on the comparison. In the accompanying chart, you can observe the comparison of Bitcoin's movement relative to the Dollar, Gold, Bonds, and the S&P 500. The indicator reveals that in the last day, Bitcoin outperformed Bonds, Gold, and the Dollar but not the S&P 500!
Indicatore Pine Script®
di NoaTrader
Liquidity Engulfing Candles [upslidedown]Liquidity engulfing candles (LEC) are a variant of a common candlestick pattern: engulfing candles but with a couple extra conditions applied. These conditions expect highs/lows to be taken out in order to show a continuation or reversal signal. Filter 1: Stop Hunt Wick Filter This filter requires the candle to wick into the prior candles high or low ( bullish = wick below prior candle lows). This is the stop hunt. Filter 2: Close Filter This filter requires the candle to close above or below above the prior candle ( bullish = close above prior candle high). This is the confirmation. This idea was introduced to me by @attrk632. Thanks, mate!
Indicatore Pine Script®
di upslidedown
12
Price Action CandlesThis simple script provides a visual aid for price action traders by coloring outside & inside candles, which in effect leaves the trader with 6 possible candle colors: -Regular bullish candle -Outside bullish candle -Inside bullish candle -Regular bearish candle -Outside bearish candle -Inside bearish candle These candlesticks may provide powerful signals when used in conjunction with key levels, market structure and chart patterns. Make sure to disable the regular candlesticks (body, borders and wicks) in the symbol tab inside the configuration menu! Hope it can help someone!
Indicatore Pine Script®
di FractalTrade_
4
Better Heiken-Ashi Candles w/ Expanded Source Types [Loxx]Better Heiken-Ashi Candles w/ Expanded Source Types is an indicator to compare regular candles to traditional Heiken-Ashi candles to "better" Heiken Ashi candles. This indicator and comparison study appears an oscillator. The purpose of this indicator is to demonstrate a better way to calculate HA candles and also to demonstrate expanded source types. This indicator is meant to be used by advanced Pine Coders who wish to add fine-tuning to their indicators and strategies. What are Heiken Ashi "better" candles? The "better formula" was proposed in an article/memo by BNP-Paribas (In Warrants & Zertifikate, No. 8, August 2004 (a monthly German magazine published by BNP Paribas, Frankfurt), there is an article by Sebastian Schmidt about further development (smoothing) of Heikin-Ashi chart.) They proposed to use the following : (Open+Close)/2+(((Close-Open)/(High-Low))*ABS((Close-Open)/2)) instead of using : haClose = (O+H+L+C)/4 According to that document the HA representation using their proposed formula is better than the traditional formula. What are traditional Heiken-Ashi candles? The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data. What's going on with this indicator? - First, we have the options to select the candlestick type: Regular, HA, HA Better - Next, and to demonstrate the expanded source types, I've added a simple moving average. In the drop down for the SMA source you'll notice something very different from the typical TradingView source selector. Here's how to decode the new names for the sources: Close = close Open = open High = high Low = low Median = hl2 Typical = hlc3 Weighted = hlcc4 Average = ohlc4 Average Median Body = (open+close)/2 Trend Biased = (see code, too complex to explain here) Trend Biased (extreme) = (see code, too complex to explain here) ... for HA and HA better, see the same set up as above but with different open and close values to calcualate the other source types - For the HA better calculations, we run the close value through either an Adaptive, Kaufman, or T3 smoothing filter. The length for these smoothing filters, either 2 or 3, can be found in the code and is a constant value that shouldn't be changed. This smoothing is in inline with what is described in the article mentioned above - Lastly, I've placed an SMA over the oscillator so that the user can test out the various sources explained above Included: - Toggle on/off bar coloring
Indicatore Pine Script®
di loxx
5
Supply and Demand - Order Block - Energy CandlesSupply and Demand - Order Block - Energy Candles Description An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area. How to use: Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce. Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better). Indicator in use: Extras: An option to flip candle colours if current price is above or below them has been added.
Indicatore Pine Script®
di geneclash
87
Manipulation Candle (RIC) V0.2Interpretation and Trading Use Boxed Candles: Represent 15-minute periods with unusually high range relative to daily volatility. These may signal: Market manipulation (e.g., stop hunts or fakeouts). Breakouts, reversals, or high-impact news. Entry/exit points in strategies focusing on volatility expansion. No Boxes: Indicates normal or low-volatility candles (range < threshold). Multi-Timeframe Analysis: On lower timeframes (e.g., 5-min), boxes encompass multiple bars. On higher (e.g., 1-hour), they highlight specific 15-min segments. Example: On a volatile stock like TSLA, a 0.2 multiplier might highlight candles during earnings releases, aiding in spotting trading opportunities. Limitations and Considerations Drawing Limits: TradingView caps drawing objects at ~500 per script. On long histories, older boxes may not load—zoom in or reduce chart bars. Data Availability: Requires 15-minute and daily data; may not work on illiquid symbols or non-standard charts (e.g., Renko). Real-Time Delays: Boxes appear only after 15-min closes; no intra-bar drawing. No Alerts Built-In: Add custom alerts via TradingView's alert system (e.g., on condition changes). Performance: Efficient, but on very low timeframes with long history, it may use more resources due to persistent boxes. Customization: For extensions (e.g., labels, multiple timeframes), modify the code carefully in Pine Script® v6 to avoid errors. Version History V0.2: Added persistent historical boxes; refined new candle detection. Future Updates: Potential additions like box limits or multi-multiplier support. Check for updates in the script comments. If you encounter issues or need customizations, refer to TradingView's Pine Script® documentation or community forums. For error-free extensions in Pine Script® v6, ensure proper variable scoping, type declarations, and testing on historical data.
Indicatore Pine Script®
di Richard_1O1
S_Sigma HTF Candles (UTC Draw / NY Labels)🕯️ S_Sigma HTF Candles (UTC Draw / NY Labels) Multi-Timeframe Overlay with Session Labels & Imbalances S_Sigma HTF Candles is a powerful, non-repainting overlay indicator that allows you to visualize up to 6 different Higher Timeframes (HTF) directly on your current chart. Designed specifically for traders who need context without switching tabs, this tool draws accurate HTF candles using UTC time (standard for Crypto) while labeling them with New York Timezone data (standard for Stocks/Forex). It also detects Fair Value Gaps (FVG) and Volume Imbalances automatically. 🌟 Key Features 📊 6 Independent HTF Slots Configure up to 6 different timeframes simultaneously (e.g., 15m, 1H, 4H, 1D, 1W). Each slot is customizable and can be toggled on/off independently. 🌍 UTC Drawing + NY Labels (The "Sigma" Edge) Drawing: Candles are calculated strictly using UTC time to ensure wicks and bodies match exchange data (perfect for BTC/ETH). Labels: Day of the Week (Mon/Tue/Wed) and Time labels are converted to America/New_York time. Never get confused by candle closes again. #HTF Countdown Timer** See exactly how much time is left until the Higher Timeframe candle closes. Essential for timing entries at the "Candle Close." 📈 Smart Imbalance Detection FVG (Fair Value Gaps): Automatically highlights 3-candle reversal gaps. VI (Volume Imbalance): Highlights wicks that pierce previous bodies. 🏗️ Custom Session Starts Don't like the standard Daily candle? Force the Daily candle to open at 08:30 NY or 09:30 NY (Market Open) instead of Midnight UTC. ⚙️ Customization Options Visuals: Full control over Bull/Bear colors, borders, wicks, and opacity. Layout: Adjust padding, width, and spacing between timeframes to prevent overlap. Trace Lines: Optional lines tracing the Open, High, Low, and Close of the forming HTF candle. Labels: Toggle HTF names, Timers, and Day-of-Week labels on/off. 💡 How to Use Add to Chart: The indicator draws candles to the right of the current price (offset) to keep your chart clean. Check Alignment: Ensure the "Daily Name" matches your expected market session (NY Time). Spot Entries: Look for price entering an FVG (Gray box) or hitting a HTF Support/Resistance level (Wick of the HTF candle). Time Entries: Wait for the Timer to hit 00:00 for a confirmed candle close. Perfect for: Smart Money Concepts (SMC), ICT, Wyckoff, and Multi-Timeframe Analysis.
Indicatore Pine Script®
di guy-change-hertz
[AlscapeLabs] HTF Candle Stack (Multi-Timeframe) Overview The HTF Candle Stack (Multi-TF) indicator is a powerful visualization tool designed to overlay high-timeframe (HTF) price action directly onto your current chart, independent of the chart's price scale. This gives traders a clear, aligned, and non-overlapping view of simultaneous price movements across customizable timeframes. By stacking the candles horizontally next to the chart's price action, the indicator allows for quick identification of multi-timeframe correlation, trend confluence, and key levels without switching chart timeframes. Key Features 6 Independent Stacks: Configure up to 6 separate timeframes (e.g., 5m, 15m, 1H, 4H, Daily, Weekly) to view the complete market fractals from micro to macro. Price-Aligned Visualization : All HTF candle stacks are perfectly aligned with the main chart's vertical price axis Replay Mode Safe : Includes dedicated logic to prevent "duplicate candles" during Bar Replay, ensuring accurate backtesting and historical analysis. Toggleable Stacks : Each stack can be individually enabled or disabled via input settings Dynamic Spacing : The distance between active stacks is automatically calculated and adjusted based on the visibility of the preceding stack. Settings Guide Stack Configuration (1 - 6) Each of the six stacks has identical controls: Show/Hide : Enable or disable this specific stack. Timeframe : The specific HTF to display (e.g., "60" for 1 Hour, "D" for Daily). [*} Count : How many candles to show in this stack (Current Active Candle + Past Closed Candles). Tip: Use higher counts (10-12) for lower TFs (Stack 1-2) and lower counts (2-4) for higher TFs (Stack 5-6) Candle Color Controls global coloring Bullish / Bearish : Customize the body colors. Wick : Separate control for wick color and transparency Layout Distance from Chart : How far (in bars) to the right the first stack begins Space between Stacks : The gap (in bars) between each active stack. Candle Width : The thickness of the HTF candles. Labels Displays a time-frame next to the active (live) candle in each stack Show TF Labels : Enable or disable labels through all stacks Text Color : Label text color Background : Label background color Style : Label position (Left, Down) Size : Label text size (Tiny, Small, Normal, Large, Huge) Developed by AlscapeLabs
Indicatore Pine Script®
di AlscapeLabs
Multi-Candle Reversal ConfirmationMulti-Candle Reversal Confirmation (MCRC) This indicator identifies potential price reversals using a 3-candle confirmation pattern. It filters out noise by requiring a significant prior trend before signaling, helping you catch turning points rather than getting trapped in choppy price action. How It Works The indicator uses a three-step process to confirm reversals: Candle 1 (Rejection) - Detects a rejection candle after a sustained move. This includes hammer/shooting star patterns with long wicks, doji candles showing indecision, or stall candles with unusually small bodies. Candle 2 (Reversal) - Confirms the candle closes in the opposite direction of the prior trend. Candle 3 (Confirmation) - Validates the reversal by either continuing in the new direction or breaking the high/low of the previous candle. Key Features Requires a significant prior trend before looking for reversals (no signals in choppy, sideways markets) Uses ATR to measure move significance, adapting to current volatility Marks rejection candles with small circles for early awareness Confirmed signals shown as triangles with Bull/Bear labels Built-in alerts for all signal types Settings Wick to Body Ratio - How pronounced the rejection wick must be compared to the candle body (default: 2.0) Doji Threshold - Maximum body size relative to total range to qualify as a doji (default: 0.1) Trend Lookback - Number of candles to analyze for prior trend detection (default: 5) Trend Strength - Percentage of lookback candles required in trend direction (default: 0.6 = 60%) Minimum Move (ATR multiple) - How large the prior move must be before signaling (default: 1.5) Show Bullish/Bearish - Toggle each signal type on or off Visual Signals Small Circle - Marks potential rejection candles (first candle in the pattern) Green Triangle (Bull) - Confirmed bullish reversal signal Red Triangle (Bear) - Confirmed bearish reversal signal Alerts Three alert options are available: Bullish Reversal Confirmed Bearish Reversal Confirmed Any Reversal Confirmed How To Set Up Alerts Add the indicator to your chart Right-click on the chart and select "Add Alert" (or press Alt+A) In the Condition dropdown, select "Multi-Candle Reversal Confirmation" Choose your preferred alert type Set notification preferences (popup, email, sound, webhook) Click "Create" Tips For Best Results Combine with key support/resistance levels for higher probability trades Use higher timeframe trend direction as a filter Adjust Trend Lookback based on your timeframe (higher for longer timeframes) Increase Minimum Move ATR in volatile conditions to reduce false signals Signals appearing near VWAP, moving averages, or prior day levels tend to be more reliable Note: This indicator is for informational purposes only and should not be used as the sole basis for trading decisions. Always use proper risk management and consider combining with other forms of analysis.
Indicatore Pine Script®
di GraCB
Reversal Candlestick Setups (Doji, Outside, Extreme, Wick)Reversal Candlestick Setups – Doji, Outside, Extreme & Wick This indicator identifies four high-probability reversal candlestick patterns across all timeframes: Doji Reversals, Outside Reversals, Extreme Reversals, and Wick Reversals. Each setup is based on clearly defined quantitative rules, allowing traders to filter noise and focus on strong reversal signals instead of relying on subjective visual interpretation. The tool automatically scans every candle, highlights qualifying patterns on the chart, and provides alert options for both bullish and bearish versions of all four setups. This makes it suitable for intraday traders, swing traders, and positional traders seeking early reversal confirmation. Included Setups 1. Doji Reversal Setup Identifies candles with extremely small bodies relative to their range, combined with a smaller-than-average bar size. Useful for spotting market indecision before a directional shift. 2. Outside Reversal Setup Flags candles that engulf the previous candle’s high–low range and exceed the average range by a multiplier. This is designed to capture strong momentum reversals driven by aggressive buying or selling. 3. Extreme Reversal Setup Highlights large-bodied candles that dominate their overall range and exceed twice the average bar size. These signals aim to catch climactic exhaustion and institutional-level reversals. 4. Wick Reversal Setup Detects candles with long rejection wicks, small bodies, and closes near an extreme of the range, supported by above-average bar size. Ideal for identifying sharp intrabar rejections. Key Features • Automatically detects all four reversal setups • Works on all timeframes and symbols • Customizable variables for deeper testing and optimization • Clear bullish and bearish labels directly on the chart • Fully integrated alert conditions for real-time notifications • Suitable for crypto, stocks, indices, forex, and commodities Who This Indicator Is For • Traders who want objective, rule-based reversal detection • Price action traders looking to enhance accuracy • Systematic traders wanting quantifiable candlestick criteria • Beginners learning reversal structures with visual guidance • Professionals integrating reversal patterns into algorithmic or discretionary systems How to Use Add the indicator to your chart and enable alerts for the specific setups you want to track (e.g., “Bullish Wick Reversal”). Combine these signals with market structure, trend filters, volume analysis, or momentum indicators for increased conviction.
Indicatore Pine Script®
di krkone
3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern. It is a price action indicator where a price action which identifies the defeat of buyers and sellers. If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down. In my trading experience this is what defines the price movement. It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation. How does it work? Upside/Green signal Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade. Here the buyers defeated the sellers. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4. Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. I call it the +-+ or GRG pattern. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders. Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster. Downside/Red signal Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4. We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. I call it the -+- or RGR pattern. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders. Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster. Important Settings You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence. You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example. Rest are self explanatory. Pointers If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it. If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks. The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even. Hold targets for longer targets and don't panic. If last 3-4 days have been sideways then there is a good probability that day will be trending so we can hold our trade for longer targets. Target to hold the trade for whole day and not exit till the day closes. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets. Trail your SL. For indexes I would use 5 min and 15 min timeframe. For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10. Trade with small lot size. Money management will happen automatically. With small lot size and correct Risk-Re ward we can be very profitable. Don't trade with big lot size. Stay in the market for longer and collect points not money. Very imp - Watch market and learn to generate a market view. Very imp - Only 4 candles are needed in trading - strong bullish, strong bearish, hammer, inverse hammer and doji. Go big on bearish days for option traders. Puts are better bought and Calls are better sold. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
Indicatore Pine Script®
di pranayjha
24
Market Imbalance Tracker (Inefficient Candle + FVG)# 📊 Overview This indicator combines two imbalance concepts: • **Squared Up Points (SUP)** – midpoints of large, "inefficient" candles that often attract price back. • **Fair Value Gaps (FVG)** – 3-candle gaps created by strong impulse moves that often get "filled." Use them separately or together. Confluence between a SUP line and an FVG boundary/midpoint is high-value. --- # ⚡ Quick Start (2 minutes) 1. **Add to chart** → keep defaults (Percentile method, 80th percentile, 100-bar lookback). 2. **Watch** for dashed SUP lines to print after large candles. 3. **Toggle Show FVG** → see green/red boxes where gaps exist. 4. **Turn on alerts** → New SUP created, SUP touched, New FVG. 5. **Trade the reaction** → look for confluence (SUP + FVG + S/R), then manage risk. --- # 🛠 Features ## 🔹 Squared Up Points (SUP) • **Purpose:** Midpoint of a large candle → potential support/resistance magnet. • **Detection:** Choose *Percentile* (adaptive) or *ATR Multiple* (absolute). • **Validation:** Only plots if the preceding candle does not touch the midpoint (with tolerance). • **Lifecycle:** Line auto-extends into the future; it's removed when touched or aged out. • **Visual:** Horizontal dashed line (color/width configurable; style fixed to dashed if not exposed). ## 🔹 Fair Value Gaps (FVG) • **Purpose:** 3-candle gaps from an impulse; price often revisits to "fill." • **Detection:** Requires a strong directional candle (Marubozu threshold) creating a gap. • **Types:** - **Bullish FVG (Green):** Gap below; expectation is downward fill. - **Bearish FVG (Red):** Gap above; expectation is upward fill. • **Close Rules (if implemented):** - *Full Fill:* Gap closes when the opposite boundary is tagged. - *Midpoint Fill:* Gap closes when its midpoint is tagged. • **Visual:** Colored boxes; optional split-coloring to emphasize the midpoint. > **Note:** If a listed FVG option isn't visible in Inputs, you're on a lighter build; use the available switches. --- # ⚙️ Settings ## SUP Settings • **Candle Size Method:** Percentile (top X% of recent ranges) or ATR Multiple. • **Candle Size Percentile:** e.g., 80 → top 20% largest candles. • **ATR Multiple & Period:** e.g., 1.5 × ATR(14). • **Percentile Lookback:** Bars used to compute percentile. • **Lookback Period:** How long SUP lines remain eligible before auto-cleanup. • **Touch Tolerance (%):** Buffer based on the inefficient candle's range (0% = exact touch). ## Line Appearance • **Line Color / Width:** Customizable. • **Style:** Dashed (fixed unless you expose a style input). ## FVG Settings (if present in your build) • **Show FVG:** On/Off. • **Close Method:** Full Fill or Midpoint. • **Marubozu Wick Tolerance:** Max wick % of the impulse bar. • **Use Split Coloring:** Two-tone box halves around midpoint. • **Colors:** Bullish/Bearish, and upper/lower halves (if split). • **Max FVG Age:** Auto-remove older gaps. --- # 📈 How to Use ## Trading Applications • **SUP Lines:** Expect reaction on first touch; use as S/R or profit-taking magnets. • **FVG Fills:** Price frequently tags the midpoint/boundary before continuing. • **Confluence:** SUP at an FVG midpoint/boundary + higher-timeframe S/R = higher quality. • **Bias:** Clusters of unfilled FVGs can hint at path of least resistance. ## Best Practices • **Timeframe:** HTFs for swing levels, LTFs for execution. • **Volume:** High volume at level = stronger signal. • **Context:** Trade with broader trend or at least avoid counter-trend without confirmation. • **Risk:** Always pre-define invalidation; structures fail in chop. --- # 🔔 Alerts • **New SUP Created** – When a qualifying inefficient candle prints a SUP midpoint. • **SUP Touched/Invalidated** – When price touches within tolerance. • **New FVG Detected** – When a valid gap forms per your rules. > **Tip:** Set alerts *Once Per Bar Close* on HTFs; *Once* on LTFs to avoid noise. --- # 🧑‍💻 Technical Notes • **Percentile vs ATR:** Percentile adapts to volatility; ATR gives consistency for backtesting. • **FVG Direction Logic:** Gap above price = bearish (expect up-fill); below = bullish (expect down-fill). • **Performance:** Limits on lines/boxes and auto-aging keep things snappy. --- # ⚠️ Limitations • Imbalances are **context tools**, not signals by themselves. • Works best with trend or clear impulses; expect noise in narrow ranges. • Lower-timeframe gaps can be plentiful and lower quality. --- # 📌 Version & Requirements • **Pine Script v6** • Heavy drawings may require **TradingView Pro** or higher (object limits). --- *For best results, combine with your existing trading strategy and proper risk management.*
Indicatore Pine Script®
di ianhay78
Candles by Day, Time, Month + StatsThis Pine Script allows you to filter and display candles based on: 📅 Specific days of the week 🕒 Custom intraday time ranges (e.g., 9:15 to 10:30) 📆 Selected months 📊 Shows stats for each filtered block: 🔼 Range (High – Low) 📏 Average candle body size ⚙️ Key Features: ✅ Filter by day, time, and month 🎛 Toggle to show/hide the stats label 🟩 Candles are drawn only for selected conditions 📍 Stats label is positioned above session high (adjustable) ⚠️ Important Setup Instructions: ✅ 1. Use it on a blank chart To avoid overlaying with default candles: Open the chart of your preferred symbol Click on the chart type (top toolbar: "Candles", "Bars", etc.) Select "Blank" from the dropdown (this will hide all native candles) Apply this indicator This ensures only the filtered candles from the script are visible. Adjust for your local timezone This script uses a hardcoded timezone: "Asia/Kolkata" If you are in a different timezone, change it to your own (e.g. "America/New_York", "Europe/London", etc.) in all instances of: time(timeframe.period, "Asia/Kolkata") timestamp("Asia/Kolkata", ...) Use Cases: Opening range behavior on specific weekdays/months Detecting market anomalies during exact windows Building visual logs of preferred trade hours
Indicatore Pine Script®
di country_flag_quiz
Rapid Candle PATTERNSIndicator Title: Rapid Candle Patterns - High-Probability Signals Description Tired of noisy charts filled with weak and ambiguous candlestick patterns? The Rapid Candle Patterns indicator is engineered to solve this problem by moving beyond simple textbook definitions. It identifies only high-probability reversal and continuation signals by focusing on the underlying market dynamics: momentum, liquidity, and confirmation. This is not just another pattern indicator; it's a professional-grade tool designed to help you spot truly significant price action events. How The Logic Works & Why It's More Accurate Each pattern in this script has been enhanced with stricter, more intelligent rules to filter out noise and reduce false signals. Here’s what makes our logic superior: 1. The Liquidity Grab Hammer & Inverted Hammer Standard Logic: A simple hammer shows a long lower wick, suggesting buyers pushed the price back up. Our Enhanced Logic: We don't just look for a hammer shape. Our signal is only valid if the hammer’s low takes out the low of the previous candle (a "liquidity grab" or "stop hunt"). Why It's More Accurate: This sequence is incredibly powerful. It shows that sellers attempted to push the market lower, triggered stop-loss orders below the prior low, and then were decisively overpowered by buyers who reversed the price. This isn't just a reversal; it's a failed breakdown, often trapping sellers and fueling a stronger move in the opposite direction. 2. The "True" Bullish & Bearish Harami Standard Logic: A small candle forms within the high-low range of the previous candle. This can often be misleading if the prior candle has long wicks and a tiny body. Our Enhanced Logic: We enforce a "dual containment" rule. For a Harami to be valid, its body must be contained within the body of the previous candle. We also ensure the Harami candle itself is not a Doji, meaning it must show some conviction. Why It's More Accurate: This ensures you are seeing a genuine and significant contraction in momentum. It filters out scenarios where a large-bodied candle forms inside the wicks of a doji-like candle, which is not a true Harami. Our logic captures the "pregnant" pattern as it was intended—a moment of quiet consolidation before a potential new move. 3. The "Power" Bullish & Bearish Engulfing Standard Logic: A candle's body engulfs the body of the previous candle. This is a common signal, but it often lacks follow-through. Our Enhanced Logic: Our "Power Engulfing" requires two conditions: (1) The body must engulf the prior candle's body, AND (2) the candle must close beyond the entire high/low range of the prior candle. Why It's More Accurate: This is the ultimate sign of confirmation. It doesn't just show that one side has won the battle for the session; it proves they had enough force to break the entire structure of the previous candle. This signifies immense momentum and dramatically increases the probability that the trend will continue in the direction of the engulfing candle. 4. The Quantified Doji Our Logic: Instead of being a subjective pattern, a Doji is defined quantitatively. It's a candle whose body is less than or equal to a user-defined percentage (default 9%) of its total range. Why It's More Accurate: It provides a consistent and objective measure of market indecision. Furthermore, any candle identified as a Doji is automatically disqualified from being a Hammer, ensuring clear and distinct signals. User Customization Toggle Patterns On/Off: Declutter your chart by only showing the patterns you want to see. Fine-Tune Logic: Use the "Pattern Logic" settings to adjust the sensitivity of the Doji and Harami detectors to perfectly match your trading style, asset, and timeframe. Disclaimer: This indicator is a powerful tool for identifying high-probability price action. However, no single indicator is a complete trading system. Always use these signals as part of a comprehensive strategy, combined with analysis of market structure, support/resistance levels, and other forms of confluence.
Indicatore Pine Script®
di rapidtradecrl
6
Third Candle MarkerTitel: Third Candle Marker – Highlights Trend Continuation Beschreibung: This script highlights potential trend continuation setups by marking the third candle after two consecutive candles of the same direction. If the previous two candles were bullish (green), the third candle is colored green. If the previous two candles were bearish (red), the third candle is colored red. A white color indicates that no clear trend was detected in the previous two candles. Additionally, the script plots small triangle markers: Green upward triangle below the bar if the last two candles were bullish. Red downward triangle above the bar if the last two candles were bearish. Use this tool to visually identify potential continuation signals in trending markets. Suitable for all timeframes. Note: This script does not generate buy/sell signals; it is meant to assist in visual trend recognition.
Indicatore Pine Script®
di larsomidicus
1