Candlestick Analysis

CH-I: Trend - Higher Timeframe Body I took the script for the built-in indicator for candle bodies of a higher timeframe (www.pulsewire.com) which has a fixed border width and style and added the possibility to customize both the border width and the border style or to even disable the display of any border at all, which makes the presentation of those boxes more flexible.

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by Coffeehouse-Analytics

GSI (Gap Size Indicator)The purpose of this indicator is to give a quick view of a gap size between two candles, and to detect any gap bigger than the trigger setting. Options Mode: Select the display mode (% or Value) Variation Trigger: Defines the minimum gap size to give a signal, for both positive and negative sides. This option depends on the Mode setting Show trigger lines: Enable/Disable the display of the Variation Trigger setting lines Color signals only: When enabled, bars crossing the trigger value are still colored, but other are gray Show signals only: When enabled, will only show bars corresponding to gaps crossing the trigger value Notes Basic alerts on Bullish , Bearish and All gaps are available. Feel free to suggest any improvement.

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Order Blocks This is experimental Indicator is to help identifying Order Blocks. It uses not confirmed higher order pivots as Higher Highs (HH) and Lower Lows (LL), finds high/lows that created most recent LL/HH and in case if this high/low are broken it notes candle that broke structure, market structure broke line (MSB) and demand box (candle that created liquidity for the move that broke structure). Concepts and parts of code used in this study: 1) @rumpypumpydumpy - Higher Order Pivots 2) @MarkMiddleton2020 - Order Blocks

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Compression support&resistance [LM]Hello traders, I would like to present you Compression support&resistance script. The idea behind is to look for areas of price compression(inside bar candles). Basically the S/R lines are created after three candles that are formed in certain pattern and volume conditions. First candle of pattern is usually the most volatile and fist inside bar after volatile candle high and low creates S/R lines in order to look for breakouts or for future bounces of the S/R line. Also by default volume has to be decreasing from candle to candle, although this condition can be controlled by setting. It has various settings as my other S/R scripts for multi timeframe analysis. The current timeframe uses line API but for multi timeframe I use plot lines. There are two filters. Volume filter for declining volume of the pattern candles and volatility filter which renders line only in case that pattern occurs after some % change has happened within some lookback period. Credit also for this indicator goes to @berkek as he took time to explain it to me. Hope you will enjoy it, Lukas

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Order Blocks This script analyses candle stick patterns and draws order blocks in real time, it is designed to be very easy to use and works on all markets. With a simple sensitivity configuration to control the range of candles in scope for analysis, the order blocks are automatically drawn and removed in real time if price action closes through an order block.

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by MarkMiddleton2020

M.Right Candlestick Patterns & Bulkowski Percentages 1.0 Hello Traders! As a fan of Bulkowski, I figured I'd release this for everyone's benefit as well. The legendary candlestick pattern expert, Thomas Bulkowski, has over 35 years of trading and analysis experience and is the absolute go-to expert when it comes to candlestick pattern identification. Bulkowski Candlestick Percentages from his site and books. Source: Built in "All Candlestick Patterns" In this version, --> Added 8 Candles and removed some that are statistically insignificant and others that Bulkowski doesn't use (can add back if requested). --> Added 2 Colors for Bullish and Bearish Continuations. ----> Assigned Colors Tested performance to Continuations. --> Built-in Variables and Candles adjusted slightly to conform to Bulkowski pattern principles. --> Moved inputs back to ABC order. --> Decided to leave the theoretical performance positioning for the signal (i.e. Top for theoretically bearish ). However.. ----> I adjusted the signal color to match Bulkowski's tested performance. --> Removed Plot Close (obsolete) --> Hover over signal to see both Theoretical and Tested Performance. Figured I'd help give an edge to the @PulseWire Community like so many before me have been able to. Please feel free to add comments, share insight, and of course, like! Cheers, Mike

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by UPRIGHTTrading

Classic Candlestick on Range Chart Hello traders! This is my first script to share with everyone! As of right now the range candles on Tradingview are lacking the option to see range charts using the classic candlesticks. This script allows you to overlay a regular candlestick or heikin-ashi candlestick on a range chart!! Unfortunately, the only bar that cannot be a candlestick is the current bar. Once that bar has completed its range then it will update to a regular candlestick. Install / Use instructions! -For the best visual appearance it is important to set the transparency of up bars and down bars to 0. This setting is found in the main chart settings under SYMBOL. However, if you want to see the current unfinished range bar you need to set the "projection up bars" and "projection down bars" to the color you prefer. -To change the colors of the candlesticks is found under the indicator settings like any other script!

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20% up with all continuously green candle: Lovevanshi It can be used to get the indication for 20% up movement among all continuously green candles formed in past. It is suitable for Indian company stock for short term trading plans.

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TSLA $4 Red Candle Those who trade TSLA often have come to know that a $4ish red candle on the 15min chart is normally a sign of a trend reversal to the downside by the market makers. To help identify these with ease this script will label any candles that close red with a $4.00 -> $4.99 price gap.

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by Magic-Charts

4 SMAs & Inside Bar (Colored)SMAs and Inside Bar strategy is very common as far as Technical analysis is concern. This script is a combination of 10-20-50-200 SMA and Inside Bar Candle Identification. SMA Crossover: 4 SMAs (10, 20, 50 & 200) are combined here in one single indicator. Crossover signal for Buy as "B" will be shown in the chart if SMA 10 is above 20 & 50 and SMA 20 is above 50. Crossover signal for Sell as "S" will be shown in the chart if SMA 10 is below 20 & 50 and SMA 20 is below 50. Inside Bar Identification: This is to simply identify if there is a inside bar candle. The logic is very simple - High of the previous candle should be higher than current candle and low of the previous candle should be lower than the current candle. If the previous candle is red, the following candle would be Yellow - which may give some bullish view in most of the cases but not always If the previous candle is green, the following candle would be Black - which may give some bearish view in most of the cases but not always Be Cautious when you see alternate yellow and black candle, it may give move on the both side Please comment if you have any interesting ideas to improve this indicator.

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by AlI_The_Trader

Price Action: Inside Bar Boxes This script automatically draws rectangles around bars inside IB pattern. Note :: because Pinescript does not allow changes to already drawn charts on historical bars, checkbox "show only last box" doesn't work for arrows

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3 Candle Engulfing Three Line Strike Candlestick Pattern (3 candle Engulfing pattern) to help you detect sniper entry point mostly for (forex) You can use this as an indicator to detect an entry point for your trade. Please cross-check the Macro and Micro trend and don't go against the trend. Also use other indicators to confirm your entry. You can set the engulfing minimum pips value (Default is set to 10 pips) How it works: Yellow candle with an up green triangle means a long entry White candle with a down green triangle means a short entry

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by moamenmostafa

Special Time Period With this indicator, you can choose candles in the period you want on your chart. How ? • If your chart is 5 minutes, the duration should be greater than 5 on this indicator. If you do not do it this way, there will be gaps in the price, it will not give the right result. • If you want to see it in minutes, you must enter a direct numerical value. For example, to see 2 hours, you must enter the number 120. Because 2 hours is 120 minutes. Like the warning above, if you want to plot a 2-hour chart with this indicator, a maximum of 1 hour should be selected on your main chart. • Resolution, eg. '60' - 60 minutes, 'D' - daily, 'W' - weekly, 'M' - monthly, '5D' - 5 days, '12M' - one year, '3M' - one quarter • For example, if you want to see the 2-day chart, you should have a maximum of 1 day chart open on your home screen and write "2D" to the indicator value. • You will get much better results if the period on your main chart and the period on this indicator are multiples of each other. • In the image below, the period on the main chart is 30 minutes, but the period on the indicator is 90 • Click on the facing brackets at the top right of the legend and your chart will enlarge.

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by only_fibonacci

ROS [Range of Swag]Creates any multitimeframe level and marks opens, highs lows and midpoints Comes with labels (hidable) Works on Bar-by-bar replay Customizable color! The default 3 ranges are weekly, monthly, and quarterly in that order. If you want to change the labels change it in the code... or just hide them. Big thanks to @spacemanbtc @Kriswaters for the code (levels and session breaks) respectively. Will be looking to improve it

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Elephant - Shooting Star Candles This script aims to show elephant and shootingstar candles. Body for elephant are at least 70% of the whole candle. Shootingstar have a body of 35% times the lenht of the full candle. Both are searched with 1.3 Standard Deviations as noise within 100 bars. Colors are ploted if closes above/below 200 SMA

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15m Candle Tool Shows historical 15min candles for the 1m, 3m , and 5m time frames. Counts down the time until the current 5m, 15m, and 1H candles close. Recommended use on the 1m, 3m , and 5m TimeFrames!!! Legend: Vertical Lines (Left to Right) -15m Candle wick (solid line) * -Close of current 5m candle (red dotted) -Close of current 15m candle (blue dashed) - Close of current 1H candle (green solid) Horizontal Lines (Top to Bottom) - Previous 15m high (top of wick) * - Subdivisions of the low to high of the previous 15m candle (.25, .50, .75) (WHITE LINES, .50 is extended) - inter candle average of the highs within the previous 15m candle (solid green) - average of the inter candle highs and lows (grey dashed) - inter candle average of the lows within the previous 15m candle (solid red) - Previous 15m low (bottom of wick) * Previous Candle Body * * = Changes color based on the bar color.

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small channel in 5min This indicator designed for 5min time-frame. it detects a candlestick pattern in one hour time-frame and draw a channel based on the detected pattern, where two candles and are covered by the third one , in 5 min time-frame. the bottom, middle and top of the channel are colored by green, gray and red respectively. this channel may help user to use it as a possible support and resistance region. (the pattern is defined in line 11 to 13.) enjoy it

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by master-in-chart

Bar Statistics This script calculates and displays some bar statistics. For the bar length statistics, it takes every length of upper or lower movements and calculates their average (with SD), median, and max. That way, you can see whether there is a bias in the market or not. Eg.: If for 10 bars, the market moved 2 up, then 1 down, then 3 up, then 2 down, and 2 up, the average up bars length would be at 2.33, while the average for the down length would be at 1.5, showing that upper movements last longer than down movements. For the range statistics, it takes the true range of each bar and calculates where the close of the bar is in relation to the true low of it. So if the closing of the bar is at 10.0, the low is at 9.0, and the high is at 10.2, the candle closed in the upper third of the bar. This process is calculated for every bar and for both closing prices and open prices. It is very useful to locate biasses, and they can you a better view of the market, since for most of the time a bar will open on an extreme and close on another extreme. Eg.: Here on the DJI, we can see that for most of the time, a month opens at the lower third (near the low) and closes at the upper third (near the high). We can also see that it is very difficult for a month to open or close on the middle of the candle, showing how important the first and the last day are for determining the trend of the rest of the month.

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by EduardoMattje

Pivot Reversal Strategy + alerts via TradingConnector to indices Software part of algotrading is simpler than you think. PulseWire is a great place to do this actually. To present it, I'm publishing each of the default strategies you can find in Pinescript editor's "built-in" list with slight modification - I'm only adding 2 lines of code, which will trigger alerts, ready to be forwarded to your broker via TradingConnector and instantly executed there. Alerts added in this script: 14 and 22. How it works: 1. PulseWire alert fires. 2. TradingConnector catches it and forwards to MetaTrader4/5 you got from your broker. 3. Trade gets executed inside MetaTrader within 1 second of fired alert. When configuring alert, make sure to select "alert() function calls only" in CreateAlert popup. One alert per ticker is required. Adding stop-loss, take-profit, trailing-stop, break-even or executing pending orders is also possible. These topics have been covered in other example posts. This routing works for Forex, indices, stocks, crypto - anything your broker offers via their MetaTrader4 or 5. Disclaimer: This concept is presented for educational purposes only. Profitable results of trading this strategy are not guaranteed even if the backtest suggests so. By no means this post can be considered a trading advice. You trade at your own risk. If you are thinking to execute this particular strategy, make sure to find the instrument, settings and timeframe which you like most. You can do this by your own research only.

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Consecutive Up/Down Strat + alerts via TradingConnector to Forex Software part of algotrading is simpler than you think. PulseWire is a great place to do this actually. To present it, I'm publishing each of the default strategies you can find in Pinescript editor's "built-in" list with slight modification - I'm only adding 2 lines of code, which will trigger alerts, ready to be forwarded to your broker via TradingConnector and instantly executed there. Alerts added in this script: 12 and 15. How it works: 1. PulseWire alert fires. 2. TradingConnector catches it and forwards to MetaTrader4/5 you got from your broker. 3. Trade gets executed inside MetaTrader within 1 second of fired alert. When configuring alert, make sure to select "alert() function calls only" in CreateAlert popup. One alert per ticker is required. Adding stop-loss, take-profit, trailing-stop, break-even or executing pending orders is also possible. These topics have been covered in other example posts. This routing works for Forex, indices, stocks, crypto - anything your broker offers via their MetaTrader4 or 5. Disclaimer: This concept is presented for educational purposes only. Profitable results of trading this strategy are not guaranteed even if the backtest suggests so. By no means this post can be considered a trading advice. You trade at your own risk. If you are thinking to execute this particular strategy, make sure to find the instrument, settings and timeframe which you like most. You can do this by your own research only.

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Super D2 Momentum Indicator based on previous candle structure over past 40 periods - Blue is momentum score - Green = 15 ema - Red = 50 sma - orange = 100 sma The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.

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by dermancapital

TICK and Price Action Indicator for NQ 5 minute This indicator for 5 minute NQ charts utilises TICK index and price action. Where TICK opens beyond +1000/-1000 this is an overbought/oversold signal. Similarly, when TICK closes below -200 it is a sell signal, and above +200 it is a buy signal. This indicator colours the NQ bars based on the closing/opening values of the previous TICK. It also draws arrows where price action (close above previous high, close below previous low) is in concordance with TICK behaviour.

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by GanesaPonraja

Gann Square of 9 Gann's Square's are some of the best known tools created by Gann. His most well known square was his Square of 9. The reason for this was because of the symmetry 9 had with itself. Gann was able to balance both price and time with this symmetry. - 9 is the last single-digit and largest number - You can add anything to 9 and it will give you a natural number - (9 + 3 = 12); 1 + 2 = 3... (9 + 9 = 18); 1 + 8 = 9... etc. - Multiplying any number by 9 will have the natural number be 9 - (9 * 6 = 54); 5 + 4 = 9... (9 * 3 = 27); 2 + 7 = 9... etc. For these reason, Gann claimed that 9 has everything within itself. Here I have created an on-chart square of 9 including the cardinal and ordinal cross points colored. In the settings you are able to customize the starting value of the table as well as the period movement. In most cases, 81 is not high enough to be useful in charting cases, so I'd recommend printing out your own Gann Square of 9 that goes as high as you need it to go. THIS IS NOT TRADING ADVICE ; please use your own technical analysis before making any decisions based off of public indicators. Learn more about Gann's Squares before attempting to use them as this script was not meant to give you answers, only the table.

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