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Candlestick analysis

Volume-Weighted Price MovementThe Volume-Weighted Price Movement (VWPM) indicator is an easy to read technical analysis tool that analyses how volume and price movement work together to drive market momentum. How It Works The VWPM indicator tracks two primary components: Bullish Movement (green line): Measures the upward price movement weighted by volume. When price closes above the open, this component calculates how much buying pressure exists by multiplying the price change (close - open) by the volume of that period. Bearish Movement (red line): Measures the downward price movement weighted by volume. When price closes below the open, this component calculates how much selling pressure exists by multiplying the price change (open - close) by the volume of that period. Bull-Bear Difference (lime/orange line): Shows the net momentum by subtracting bearish movement from bullish movement, providing an at-a-glance view of which force is dominant. The VWPM integrates volume data to identify whether price movements are backed by significant participation. A large price move with low volume carries less weight than the same move with high volume, providing a more accurate reflection of market strength. A shorter lookback period makes the indicator more responsive to recent price action, while a longer period smooths out market noise for trend identification. Interpretation Bullish Signals When the green line (bull movement) rises and stays above the red line When the Bull-Bear Difference line crosses above zero and maintains positive momentum Divergence between price making lower lows but the bull line making higher lows (hidden strength) Bearish Signals When the red line (bear movement) rises and stays above the green line When the Bull-Bear Difference line crosses below zero and maintains negative momentum Divergence between price making higher highs but the bull line making lower highs (hidden weakness) open source, if anyone makes the script better please let me know :)
Pine Script® indicator
by ahwelre21
REVERSAL: Pin Bar, Doji, EngulfingStrategy Logic Recap: Detects one of these patterns: ✅ Pin Bar (with long lower wick) ✅ Doji ✅ Long-Leg Doji ✅ Bullish Engulfing Additional conditions: The pattern appears below MA20 MA200 > MA20 RSI < 50 For Pin Bar / Doji / Long-Leg Doji: the next candle closes above the high of the pattern For Bullish Engulfing: immediate confirmation on the same bar Prints a green "REVERSAL" label below the pattern candle
Pine Script® indicator
by mtakam20
Asia Session Reversal Strategy GOLD (Full Version)📈 Asia Session Reversal Strategy (Gold/XAUUSD) This indicator identifies high-probability reversal trades during the second hour of the Asia session (01:00–02:00 UTC) based on 30-minute candle bias. It: Detects initial directional push and signals reversal trades on the 1-minute chart Plots entry, stop-loss, and take-profit levels using a 3:1 reward-to-risk ratio Includes real-time PnL tracking, daily auto-reset, and alert notifications for BUY/SELL setups Ideal for scalpers and intraday traders focusing on Gold during consistent, high-liquidity session windows.
Pine Script® indicator
by davidmdan
Deep Blue Sea Refactor [ALLDYN]Deep Blue Sea Refactor A dynamic trend visualization tool that layers weighted moving averages and a stylized Ichimoku-inspired cloud to help traders map market momentum and structure across multiple timeframes. 🌀 Why Use It: Visualizes the “depth” of market trend using color-coded momentum layers Highlights short-term acceleration (WMA 5 vs 13) and medium- to long-term commitment (WMA 36 to 1440) Identifies cloud compression and breakout potential via custom trend envelopes Includes alert conditions for fast WMA crossovers (momentum shifts) 🎯 Who It’s For: Visual traders who rely on color, rhythm, and structure Swing, intraday, and scalpers looking to time entries off WMA confluence Those who value clean, toggle-based control over complexity 📊 Features: Short / Mid / Long-term WMA toggles Color-adjusted cloud layers with transparency ranking Legend table with MA explanations Alerts for WMA 5/13 crossovers 💡 Inspired by the depth of the ocean: shallow = fast reaction, deep = structural confluence. Part of the FxAST Toolset Suite by @alldyn_pip_king.
Pine Script® indicator
by alldyn_pip_king
Multiple EMAscombined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB.
Pine Script® indicator
by xander624
Multiple EMAscombined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB. combined Indicator EMA, Yesterday High low. super trend, BB.
Pine Script® indicator
by Teril
Triple Stochastic Confluence by AtallaTriple Stochastic Confluence by Atalla - Indicator Summary Overview The "Triple Stochastic Confluence by Atalla" is a technical indicator for TradingView that identifies potential trading opportunities using the confluence of three Stochastic oscillators with different timeframes. The indicator focuses exclusively on the %D lines (signal lines) of the Stochastics. Key Components Three Stochastic Oscillators Short-term Stochastic: Period 9, %K Smoothing 1, %D Period 3 Medium-term Stochastic: Period 14, %K Smoothing 1, %D Period 3 Long-term Stochastic: Period 60, %K Smoothing 1, %D Period 10 Visual Display White lines for the first two Stochastics (%D lines) Yellow line for the third (long-term) Stochastic (%D line) Background color changes to highlight trading opportunities: Yellow background: Bullish signal Red background: Bearish signal Trading Signals Logic Bullish Signal (Yellow Background) A bullish signal occurs when any Stochastic %D line is in the oversold zone (≤25%) while at least one of the other %D lines is in the overbought zone (≥75%). Bearish Signal (Red Background) A bearish signal occurs when any Stochastic %D line is in the overbought zone (≥75%) while at least one of the other %D lines is in the oversold zone (≤25%). Configurable Parameters Stochastic periods and smoothing values Overbought level (default: 75%) Oversold level (default: 25%) Alert Conditions The indicator includes alert conditions for both bullish and bearish confluence signals, allowing users to set up automated notifications for trading opportunities. Trading Philosophy This indicator leverages the concept of momentum divergence across different timeframes. When oscillators at different timeframes show opposing extreme readings (one in oversold and another in overbought), it may indicate a potential reversal point in the market. The indicator's strength lies in identifying these confluences automatically and providing clear visual signals.
Pine Script® indicator
by ATALLA07
Scalp SaitamaThis indicator was created for those looking for quick entries on the 1-minute chart, making it ideal for scalping operations. It uses the crossover between the 9 EMA and 20 EMA to generate buy and sell signals. ⚙️ How it works: ✅ Buy signal: When the 9 EMA crosses above the 20 EMA → Green triangle below the candle. ✅ Sell signal: When the 9 EMA crosses below the 20 EMA → Red triangle above the candle. 📌 Recommended use: Preferably use it on the 1-minute chart. Set alerts for EMA crossovers to manage your trade entries and exits. Combine with other filters such as volume, RSI, liquidity, or price action to increase accuracy. Useful for identifying moments of acceleration or short-term reversals.
Pine Script® indicator
by tiagoanb
Recent Session High Low Marker - SimpleDescription: This Pine Script marks the high and low points of the most recent trading sessions: Asian, London, and New York. Asian Session: From 19:00 to 21:00 New York time (UTC-4). London Session: From 02:00 to 05:00 New York time (UTC-4). New York Session: From 07:00 to 10:00 New York time (UTC-4). For each session, the script draws two lines: One for the high of the session. One for the low of the session. The lines are drawn horizontally across the chart, making them easy to spot. Each session is marked by two lines with specific colors: Orange for the Asian session. Blue for the London session. Purple for the New York session. The lines are dynamically updated during the active session, and they will reset when the next session begins. The width of the lines is set to 2 to ensure they are visible without being too thick. Credits: Script created by Jdv.
Pine Script® indicator
by pebgpt
My script//@version=5 strategy("15-Min EMA + RSI Pullback Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10) // === INPUTS === emaShort = input.int(9, title="EMA Short") emaLong = input.int(21, title="EMA Long") rsiPeriod = input.int(14, title="RSI Period") rsiBuyThresh = input.int(40, title="RSI Buy Threshold") rsiSellThresh = input.int(60, title="RSI Sell Threshold") sl_pct = input.float(1.0, title="Stop Loss %", minval=0.1) tp_pct = input.float(2.0, title="Take Profit %", minval=0.1) // === CALCULATIONS === emaFast = ta.ema(close, emaShort) emaSlow = ta.ema(close, emaLong) rsi = ta.rsi(close, rsiPeriod) // === CONDITIONS === // Long setup bullTrend = emaFast > emaSlow pullbackLong = close > emaSlow and close < emaFast rsiLongCond = rsi > rsiBuyThresh bullSignal = bullTrend and pullbackLong and rsiLongCond // Short setup bearTrend = emaFast < emaSlow pullbackShort = close < emaSlow and close > emaFast rsiShortCond = rsi < rsiSellThresh bearSignal = bearTrend and pullbackShort and rsiShortCond // === ENTRIES === if bullSignal strategy.entry("Long", strategy.long) strategy.exit("TP/SL Long", from_entry="Long", stop=close * (1 - sl_pct / 100), limit=close * (1 + tp_pct / 100)) if bearSignal strategy.entry("Short", strategy.short) strategy.exit("TP/SL Short", from_entry="Short", stop=close * (1 + sl_pct / 100), limit=close * (1 - tp_pct / 100)) // === PLOT INDICATORS === plot(emaFast, color=color.orange, title="EMA 9") plot(emaSlow, color=color.blue, title="EMA 21")
Pine Script® indicator
by drissthekid
Vector Candles [v6 Optimized + EMA] Vector Candles represent an innovative technical analysis approach that transforms traditional candlestick charting by integrating volume dynamics, color-coded momentum, and multi-dimensional market insights. Unlike standard candlesticks that merely display price movement, Vector Candles encode additional market information through sophisticated color and volume algorithms. Key Features: -Dynamic Volume-Based Coloring: Candles change color based on trading volume intensity -Volume Categories: High Volume (Lime/Red): Significant market activity (200%+- Vol of Previous 10 Candles) Above Average Volume (Blue/Fuchsia): Moderate market momentum (150%+- Vol of Previous 10 Candles). Normal Volume (Gray Scales): Standard market conditions. Stopping Volume Candles - Typically Pinbar/Doji candles. Stops volume in the current direction of delivery & can help forecast impending reversals or end to the current trend. -Integrated EMA (Exponential Moving Average) Option: -Customizable EMA Length (Default: 50 periods) (I use 33) Configurable EMA Source (e.g., close price) Optional EMA Overlay for Trend Confirmation
Pine Script® indicator
by greggilford47
Forex Algo-Trade ~ Ano_Jokamp354Forex Algo-Trade ~ Ano_Jokamp354 is a tool designed to assist traders around the world in analyzing the foreign exchange market, and even metals. By identifying the potential direction of future price movements, it helps you make more accurate trading decisions. The developer of this tool is a young Indonesian trader known by the nickname Ano_Jokamp354 , who has been involved in the capital market since his school days.
Pine Script® indicator
by Ano_Jokamp354
OrderFlow Sentiment SwiftEdgeOrderFlow Sentiment SwiftEdge Overview OrderFlow Sentiment SwiftEdge is a visual indicator designed to help traders analyze market dynamics through a simulated orderbook and market sentiment display. It breaks down the current candlestick into 10 price bins, estimating buy and sell volumes, and presents this data in an orderbook table alongside a sentiment row showing the buy vs. sell bias. This tool provides a quick and intuitive way to assess orderflow activity and market sentiment directly on your chart. How It Works The indicator consists of two main components: an Orderbook Table and a Market Sentiment Row. Orderbook Table: Simulates buy and sell volumes for the current candlestick by distributing total volume into 10 price bins based on price movement and proximity to open/close levels. Displays the price bins in a table with columns for Price, Buy Volume, and Sell Volume, sorted from highest to lowest price. Highlights the current price level in orange for easy identification, while buy and sell dominance is indicated with green (buy) or red (sell) backgrounds. Market Sentiment Row: Calculates the overall buy and sell sentiment (as a percentage) for the current candlestick based on the simulated orderflow data. Displays the sentiment above the orderbook table, with the background colored green if buyers dominate or red if sellers dominate. Features Customizable Colors: Choose colors for buy (default: green), sell (default: red), and current price (default: orange) levels. Lot Scaling Factor: Adjust the volume scaling factor (default: 0.1 lots per volume unit) to simulate realistic lot sizes. Table Position: Select the table position on the chart (Top, Middle, or Bottom; default: Middle). Default Properties Positive Color: Green Negative Color: Red Current Price Color: Orange Lot Scaling Factor: 0.1 Table Position: Middle Usage This indicator is ideal for traders who want to visualize orderflow dynamics and market sentiment in real-time. The orderbook table provides a snapshot of buy and sell activity at different price levels within the current candlestick, helping you identify areas of high buying or selling pressure. The sentiment row offers a quick overview of market bias, allowing you to gauge whether buyers or sellers are currently dominating. Use this information to complement your trading decisions, such as identifying potential breakout levels or confirming trend direction. Limitations This indicator simulates orderflow data based on candlestick price movement and volume, as TradingView does not provide tick-by-tick data. The volume distribution is an approximation and should be used as a visual aid rather than a definitive measure of market activity. The indicator operates on the chart's current timeframe and does not incorporate higher timeframe data. The simulated volumes are scaled using a user-defined lot scaling factor, which may not reflect actual market lot sizes. Disclaimer This indicator is for informational purposes only and does not guarantee trading results. Always conduct your own analysis and manage risk appropriately. The simulated orderflow data is an estimation and may not reflect real market conditions.
Pine Script® indicator
by SwiftEdge
3
Canuck Trading IndicatorOverview The Canuck Trading Indicator is a versatile, overlay-based technical analysis tool designed to assist traders in identifying potential trading opportunities across various timeframes and market conditions. By combining multiple technical indicators—such as RSI, Bollinger Bands, EMAs, VWAP, MACD, Stochastic RSI, ADX, HMA, and candlestick patterns—the indicator provides clear visual signals for bullish and bearish entries, breakouts, long-term trends, and options strategies like cash-secured puts, straddles/strangles, iron condors, and short squeezes. It also incorporates 20-day and 200-day SMAs to detect Golden/Death Crosses and price positioning relative to these moving averages. A dynamic table displays key metrics, and customizable alerts help traders stay informed of market conditions. Key Features Multi-Timeframe Adaptability: Automatically adjusts parameters (e.g., ATR multiplier, ADX period, HMA length) based on the chart's timeframe (minute, hourly, daily, weekly, monthly) for optimal performance. Comprehensive Signal Generation: Identifies short-term entries, breakouts, long-term bullish trends, and options strategies using a combination of momentum, trend, volatility, and candlestick patterns. Candlestick Pattern Detection: Recognizes bullish/bearish engulfing, hammer, shooting star, doji, and strong candles for precise entry/exit signals. Moving Average Analysis: Plots 20-day and 200-day SMAs, detects Golden/Death Crosses, and evaluates price position relative to these averages. Dynamic Table: Displays real-time metrics, including zone status (bullish, bearish, neutral), RSI, MACD, Stochastic RSI, short/long-term trends, candlestick patterns, ADX, ROC, VWAP slope, and MA positioning. Customizable Alerts: Over 20 alert conditions for entries, exits, overbought/oversold warnings, and MA crosses, with actionable messages including ticker, price, and suggested strategies. Visual Clarity: Uses distinct shapes, colors, and sizes to plot signals (e.g., green triangles for bullish entries, red triangles for bearish entries) and overlays key levels like EMA, VWAP, Bollinger Bands, support/resistance, and HMA. Options Strategy Signals: Suggests opportunities for selling cash-secured puts, straddles/strangles, iron condors, and capitalizing on short squeezes. How to Use Add to Chart: Apply the indicator to any TradingView chart by selecting "Canuck Trading Indicator" from the Pine Script library. Interpret Signals: Bullish Signals: Green triangles (short-term entry), lime diamonds (breakout), blue circles (long-term entry). Bearish Signals: Red triangles (short-term entry), maroon diamonds (breakout). Options Strategies: Purple squares (cash-secured puts), yellow circles (straddles/strangles), orange crosses (iron condors), white arrows (short squeezes). Exits: X-cross shapes in corresponding colors indicate exit signals. Monitor: Gray circles suggest holding cash or monitoring for setups. Review Table: Check the top-right table for real-time metrics, including zone status, RSI, MACD, trends, and MA positioning. Set Alerts: Configure alerts for specific signals (e.g., "Short-Term Bullish Entry" or "Golden Cross") to receive notifications via TradingView. Adjust Inputs: Customize input parameters (e.g., RSI period, EMA length, ATR period) to suit your trading style or market conditions. Input Parameters The indicator offers a wide range of customizable inputs to fine-tune its behavior: RSI Period (default: 14): Length for RSI calculation. RSI Bullish Low/High (default: 35/70): RSI thresholds for bullish signals. RSI Bearish High (default: 65): RSI threshold for bearish signals. EMA Period (default: 15): Main EMA length (15 for day trading, 50 for swing). Short/Long EMA Length (default: 3/20): For momentum oscillator. T3 Smoothing Length (default: 5): Smooths momentum signals. Long-Term EMA/RSI Length (default: 20/15): For long-term trend analysis. Support/Resistance Lookback (default: 5): Periods for support/resistance levels. MACD Fast/Slow/Signal (default: 12/26/9): MACD parameters. Bollinger Bands Period/StdDev (default: 15/2): BB settings. Stochastic RSI Period/Smoothing (default: 14/3/3): Stochastic RSI settings. Uptrend/Short-Term/Long-Term Lookback (default: 2/2/5): Candles for trend detection. ATR Period (default: 14): For volatility and price targets. VWAP Sensitivity (default: 0.1%): Threshold for VWAP-based signals. Volume Oscillator Period (default: 14): For volume surge detection. Pattern Detection Threshold (default: 0.3%): Sensitivity for candlestick patterns. ROC Period (default: 3): Rate of change for momentum. VWAP Slope Period (default: 5): For VWAP trend analysis. TradingView Publishing Compliance Originality: The Canuck Trading Indicator is an original script, combining multiple technical indicators and custom logic to provide unique trading signals. It does not replicate existing public scripts. No Guaranteed Profits: This indicator is a tool for technical analysis and does not guarantee profits. Trading involves risks, and users should conduct their own research and risk management. Clear Instructions: The description and usage guide are detailed and accessible, ensuring users understand how to apply the indicator effectively. No External Dependencies: The script uses only built-in Pine Script functions (e.g., ta.rsi, ta.ema, ta.vwap) and requires no external libraries or data sources. Performance: The script is optimized for performance, using efficient calculations and adaptive parameters to minimize lag on various timeframes. Visual Clarity: Signals are plotted with distinct shapes and colors, and the table provides a concise summary of market conditions, enhancing usability. Limitations and Risks Market Conditions: The indicator may generate false signals in choppy or low-liquidity markets. Always confirm signals with additional analysis. Timeframe Sensitivity: Performance varies by timeframe; test settings on your preferred chart (e.g., 5-minute for day trading, daily for swing trading). Risk Management: Use stop-losses and position sizing to manage risk, as suggested in alert messages (e.g., "Stop -20%"). Options Trading: Options strategies (e.g., straddles, iron condors) carry unique risks; consult a financial advisor before trading. Feedback and Support For questions, suggestions, or bug reports, please leave a comment on the TradingView script page or contact the author via TradingView. Your feedback helps improve the indicator for the community. Disclaimer The Canuck Trading Indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves significant risks, and past performance is not indicative of future results. Always perform your own due diligence and consult a qualified financial advisor before making trading decisions.
Pine Script® indicator
by ctoincanada