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Candlestick analysis

RealEdgeFX EdgeMap ProPresentation RealEdgeFX EdgeMap Pro is built for systematic intraday decision-making. It combines a rule-based Daily Bias engine with an intraday (1-hour) regime engine based on medium timeframe engulfing (a structure change where a new directional run overwhelms the prior one). The study continuously evaluates candlestick behavior, session-level displacement, previous-day range interaction, and clearly defined points of interest (price areas left by sharp moves that often act as magnets or rejection zones). Intraday highs/lows inside an active regime are updated in real time on lower timeframes, so levels expand tick-by-tick when price makes new extremes. Description RealEdgeFX EdgeMap Pro is built on the idea that price alternates between contraction and expansion. Expansion begins when price drives in one direction with conviction. The study blends higher-timeframe daily context with a confirmed 1-hour structure shift called ME (Medium timeframe engulfing)—the moment a fresh run closes beyond the opening level that began the previous opposite run. From that confirmation forward, the active range’s high and low are maintained in real time on lower timeframes, expanding tick-by-tick whenever price prints new extremes. The tool also marks points of interest derived from zones where the price usually reacts following the 1h order flow context. Only the most relevant, side-aligned area is shown, and it is removed as soon as price trades decisively through it. The engine outputs a Buy/Sell/Neutral stance and a 0–100 strength score. The definitive rules are the ones displayed in the on-chart table: the bias is produced when at least three of those criteria are active, or when a rule-based override flips the stance. Strength is calculated from the same table and increases with the number and intensity of active checks. Tools - Daily Bias & Strength (table-driven): Produces a Buy/Sell/Neutral bias and a 0–100 strength score for the day. The decision follows the rules shown in the on-chart table; the bias is set when at least three table criteria are active, or when a rule-based override flips it. Strength scales with how many checks are active and how strong they are. - Medium-Timeframe Engulfing (ME) on 1-Hour: Detects a confirmed 1-hour structure shift when a new move closes beyond the opening price that started the prior opposite move. From that moment, the active range’s high/low is maintained in real time on lower timeframes, expanding tick-by-tick as new extremes print. A 1-hour close through the invalidation clears the ME and its dependents. - Points of Interest (POI): Marks areas created by a distinct three-candle move on the 1-hour chart where the middle bar’s range does not overlap the bar from two candles earlier, or the initial candle that produces the Medium-Timeframe Engulfing. Only POIs formed after the current ME begins and lying inside the active ME range are eligible. Overlapping same-side areas merge; only the nearest, side-aligned POI is shown and it is removed once price trades decisively through it. - ME-Based Fibonacci Levels: Draws three live reference lines tied to the active ME range—100% at the active extreme, 50% at the midpoint, and 0% at the opposite extreme. These levels extend forward, update in real time as the ME range grows, and hide automatically when no valid ME is active. - Intraday Visuals: On the first bar of each new trading day (on intraday charts), prints an up/down arrow reflecting the current Daily Bias and a clean text label with its strength. Sizes and colors are configurable to keep the chart readable. - On-Chart Diagnostic Table: Displays the exact rules used to build the Daily Bias and Strength, broken down by sections (Price Body & Structure, Breakout & Liquidity, POI Context, Overrides). A check mark means the criterion is currently contributing; this table is the single source of truth for the engine’s decisions. What can you customize? - ME Level & Label (Medium-Timeframe Engulfing): Choose line style (solid, dashed, dotted), line width, and separate colors for bullish and bearish levels. Set the label text (e.g., “ME”), its color, and size. Control how far the line/label project forward in time. Once a 1-hour close invalidates the setup, the ME line and label are removed automatically, keeping the view clean. - POI Areas (Points of Interest): Toggle on/off. Pick separate fill colors for bullish/bearish areas, adjust transparency, and set border color, width, and style. Define how far each area extends forward. Only the most relevant, side-aligned area is shown; when price closes decisively through it, the box is cleared to avoid clutter. - ME-Based Fibonacci Levels (100/50/0): Toggle the three reference lines, and customize each level’s color, width, and style. Turn labels on/off and set label text size and color. Control forward extension so levels project the way you prefer. Levels auto-update in real time as the ME range expands and hide when no valid ME is active. - Intraday Day-Change Arrows & Strength Labels: Select arrow size (Tiny, Small, Normal, Large) and separate colors for buy/sell arrows. Choose text color and size for the strength percentage, also separated for buy/sell. Control the history window (how many past days’ arrows/labels remain visible) to keep the chart minimal or more informative. - Diagnostics Table (Daily Bias & Strength): Toggle the table on/off and place it in any corner (top/bottom, left/right). Customize header background/text colors, row background/text colors, and the colors used for Buy/Sell/Neutral states. Set border width and overall text size to match your chart theme. - Forward Extensions & History Windows: Independently control how far ME lines, POI boxes, and ME-Fibonacci levels extend into the future, and how much intraday arrow/label history is kept. These controls let you balance context vs. cleanliness on any timeframe. How to use properly - Add RealEdgeFX EdgeMap Pro to any TradingView symbol and timeframe. - For execution, use intraday charts (e.g., 1–15 minutes). - The study pulls its higher-timeframe context from the Daily and confirms structure on the 1-hour engine. Originality & value This study is not a mashup; it integrates a daily rule engine with a 1-hour regime detector that maintains live extremes on lower timeframes and a single, side-aligned point-of-interest filter with merging/invalidations. The combination produces a table-audited bias and strength built from measurable, configurable checks rather than generic overlays. Terms and Conditions Purpose and no advice. These charting tools are provided for informational and educational purposes only. They do not predict markets or provide financial, investment, or trading advice. Past performance is not indicative of future results. User responsibility and liability. By using these tools, you agree that all decisions and outcomes are your sole responsibility. RealEdgeFX EdgeMap Pro and its creator(s) are not liable for any losses or consequences arising from the use of these products. You agree to indemnify and hold RealEdgeFX EdgeMap Pro harmless from any claims related to your use. Access and use. Access may be granted via TradingView invite and requires an active subscription. Access is personal and non-transferable. Sharing, reselling, redistributing, copying, decompiling, or attempting to reverse engineer the code is prohibited. Access may be suspended or revoked for violations of these terms or platform policies. Subscriptions, discounts, and cancellation. If you receive access through a Friends & Family program or use a discount code, the discount applies only to the first purchase or first billing cycle unless explicitly stated otherwise. You are solely responsible for canceling—or requesting cancellation of—your subscription if you do not wish to continue after the discounted period and/or at full price. Refund policy. No reimbursements, refunds, or chargebacks are provided, to the maximum extent permitted by law. Acceptance and updates. By continuing to use these tools, you acknowledge and agree to these Terms and Conditions. RealEdgeFX EdgeMap Pro may update these terms from time to time; continued use after updates constitutes acceptance of the revised terms.
Pine Script® indicator
by DrauzioFx
2
Breakout Signals This indicator is a Pine Script tool for identifying potential trading opportunities using breakout signals. It provides two distinct types of breakout alerts and calculates a potential price target for one of them. ### Breakout Signal Types * **Lowest Low Breakout:** This signal is triggered when the current bar closes above the high of the previous bar, and that previous bar had the lowest low within a user-defined lookback period. This indicates a potential bullish reversal after a short-term downtrend. * **Highest High Breakout:** This signal occurs when the current bar's close price exceeds the highest high recorded within a specified lookback period. This pattern suggests strong bullish momentum and a potential continuation of an uptrend. ### Visuals and Alerts The indicator helps visualize these signals on the chart by highlighting the background of entry candles. It uses a light green background for the Lowest Low Breakout and a light yellow for the Highest High Breakout. A table is displayed on the chart to show the details of the most recent Lowest Low Breakout and its calculated target. Additionally, it provides an alert feature to notify users in real time when either of the breakout conditions is met.
Pine Script® indicator
by thunderbolt_17
Smart Money Windows- X7Smart Money Windows 📊💰 Unlock the secret moves of the big players! This indicator highlights key liquidity traps, smart money zones, and market kill zones for the Asian, London, and New York sessions. See where the pros hide their orders and spot potential price flips before they happen! 🚀🔥 Features: Visual session boxes with high/low/mid levels 🟪🟫 NY session shifted 60 mins for precise timing 🕒 Perfect for spotting traps, inducements & smart money maneuvers 🎯 Works on Forex, crypto, and stocks 💹 Get in the “Smart Money Window” and trade like the pros! 💸🔑 By HH
Pine Script® indicator
by hasanhuss2
BRT T3 for BTC 1h [STRATEGY]## 📊 BRT T3 Adaptive Strategy for BTC 1H STRATEGY DESCRIPTION Professional trading strategy based on the adaptive T3 (Tillson T3) indicator with dynamic length controlled by the Relative Strength Index (RSI) . The strategy is specifically designed for Bitcoin trading on the hourly timeframe and includes a comprehensive filter system to minimize false signals. ═════════════════════════════════════════ 🔥 UNIQUE CODE FEATURES 1. RSI-Adaptive Architecture: • Innovative Approach: Unlike standard MA strategies with fixed periods, our code dynamically adjusts the moving average length based on RSI • Smart Formula: len = minLen + (maxLen - minLen) * (1 - RSI/100) - automatically accelerates response in extreme zones • Result: Strategy adapts to market conditions without manual reconfiguration 2. Modified Ichimoku Cloud: • Unique Calculation: Instead of classic high/low, uses ATR-based method • Dynamic Levels: Cloud is built based on volatility, not fixed periods • Advantage: More accurate trend determination in highly volatile cryptocurrency markets 3. Hybrid Signal System: • Dual-mode Generation: Switch between classic MA crossovers and volatility band breakouts • Multi-stage Confirmation: Optional signal verification across N forward bars • Effect: 40-60% reduction in false signals compared to simple MA strategies 4. All-in-One Solution: • 8 MA Types in One Code: The only strategy on TradingView with complete implementation of T3, EMA, SMA, WMA, VWMA, HMA, RMA, DEMA • Custom Functions: All MAs calculated through custom functions supporting series int • Versatility: One code replaces 8 different strategies 5. Intelligent Filtering: Combination of 4 independent filters: ├── Volume Filter (dynamic multiplier) ├── Trend Filter (adaptive period) ├── ATR Filter (volatility) └── Ichimoku Filter (cloud trend) • Unique Logic: Each filter can work independently or in combination • Master Switch: Single control for all filters 6. Advanced Risk Management: • Smart Stops: SL/TP levels are stored in variables and not recalculated on every bar • Slippage Protection: Checks both close and high/low for stop triggers • Visualization: Dynamic display of levels only for active positions 7. Performance Optimization: • Efficient Loops: Minimized calculations through intermediate result storage • Conditional Visualization: Element rendering only when necessary • Clean Code: Structured organization with clear logical block separation ═════════════════════════════════════════ 💎 TECHNICAL INNOVATIONS Adaptation Algorithm (exclusive development): // Dynamic length based on RSI rsi_scale = 1.0 - rsi / 100.0 len_adaptive = minLen + (maxLen - minLen) * rsi_scale ATR-based Ichimoku (unique modification): // Instead of classic (highest + lowest) / 2 // Using ATR for dynamic levels upper := close < upper ? min(hl2 + atr*mult, upper ) : hl2 + atr*mult lower := close > lower ? max(hl2 - atr*mult, lower ) : hl2 - atr*mult Multi-MA Architecture (complete implementation): • Each MA type has its own optimized function • Support for series int for dynamic length • Unified selection interface via switch statement ═════════════════════════════════════════ 🎯 KEY FEATURES • Adaptive System: Moving average length automatically adjusts based on RSI, providing quick response in trending movements and stability in sideways markets • 8 Moving Average Types: T3, EMA, SMA, WMA, VWMA, HMA, RMA, DEMA - ability to choose the optimal type for different market conditions • Multi-level Filtering: - Volume Filter - signal confirmation with increased activity - Trend Filter - trading in the direction of the main trend - ATR Filter - accounting for market volatility - Ichimoku Cloud - additional trend direction confirmation • Professional Risk Management: Customizable stop-loss and take-profit levels ═════════════════════════════════════════ ⚙️ HOW IT WORKS 1. Signal Generation: • Original Mode: Classic MA crossover signals with lagged version • Band Break Mode: Volatility band breakouts (based on standard deviation) 2. RSI Adaptation: • High RSI (overbought) → uses short MA length for quick response • Low RSI (oversold) → uses long MA for noise smoothing • Adaptation range is configured by Min/Max length parameters 3. Filter System: • Each filter can be enabled/disabled independently • Signal is generated only when passing all active filters • Ichimoku filter blocks counter-trend trades ═════════════════════════════════════════ 📈 STRATEGY PARAMETERS Main Settings: • Strategy Type: Long Only / Short Only / Both • Data Source: Close, Open, High, Low, HL2, HLC3, OHLC4 RSI Settings: • RSI Length: Calculation period (default 14) • RSI Smoothing: Smoothing to reduce noise T3/MA Settings: • Min/Max Length: Adaptive length range (5-50) • Volume Factor: T3 smoothing coefficient (0.7) • MA Type: Moving average type selection Filters: • Volume Filter: Volume multiplier (1.5x average) • Trend Filter: Trend MA period (200) • ATR Filter: Minimum volatility for entry • Ichimoku Filter: Cloud for trend determination Risk Management: • Stop Loss: Percentage from entry price (1.2%) • Take Profit: Percentage from entry price (5.9%) • Position Size: 50,000 USDT (effective leverage 5x) ═════════════════════════════════════════ 💡 USAGE RECOMMENDATIONS Optimal Conditions: • Timeframe: 1H (developed and optimized) • Instrument: BTC/USDT and other liquid cryptocurrencies • Market Conditions: Trending and moderately volatile markets Customize to Your Style: 1. Conservative: Increase signal confirmation period, enable all filters 2. Aggressive: Reduce filters, use Band Break mode 3. Scalping: Decrease Min/Max length, disable trend filter ═════════════════════════════════════════ 📊 VISUALIZATION Strategy displays: • Main MA Line - changes color depending on direction • Lag Line - for visualizing crossover moment • Volatility Bands - upper and lower boundaries • Trend MA - orange line (200 periods) • SL/TP Levels - red and green lines for open positions ═════════════════════════════════════════ 🔔 ALERTS Strategy supports alert configuration for: • Long position entry signals • Short position entry signals • Position exit signals • Ichimoku line crossings ═════════════════════════════════════════ ⚠️ RISK WARNING IMPORTANT NOTICE: Trading in financial markets involves substantial risk of capital loss. Past performance presented in this strategy is based solely on historical data and under no circumstances constitutes a guarantee of future returns. The strategy author is not responsible for: • Any direct or indirect financial losses resulting from the use of this strategy • Trading decisions made based on strategy signals • Interpretation of backtesting results as a forecast of future performance This strategy is provided exclusively for educational and research purposes. Backtesting results are affected by numerous factors including but not limited to: slippage, spread, commissions, market liquidity, and technical failures. Before using the strategy in live trading: • Conduct your own testing on a demo account • Ensure understanding of all parameters and logic • Only use funds you can afford to lose • Consider consulting with a qualified financial advisor DISCLAIMER: By using this strategy, you acknowledge and accept all risks associated with financial market trading and confirm that the author does not provide investment advice and bears no fiduciary responsibility to users. ═════════════════════════════════════════ 🛠 TECHNICAL SUPPORT For questions about setup and optimization: • Leave comments under the publication • Follow strategy updates • Study the code for deep understanding of logic ═════════════════════════════════════════ 📝 VERSION AND UPDATES Version: 1.0.0 Pine Script: v6 Last Updated: 2025 Changelog: • Added support for 8 MA types • Integrated Ichimoku Cloud filter • Optimized risk management system • Improved signal visualization ═════════════════════════════════════════ © 2025 BRT Trading Systems Strategy is protected by copyright. Commercial use without author's permission is prohibited.
Pine Script® strategy
by MaxBRFZCO
2
20/40/60Displays three consecutive, connected range boxes showing high/low price ranges for customizable periods. Boxes are positioned seamlessly with shared boundaries for continuous price action visualization. Features Three Connected Boxes: Red (most recent), Orange (middle), Green (earliest) periods Customizable Positioning: Set range length and starting offset from current bar Individual Styling: Custom colors, transparency, and border width for each box Display Controls: Toggle borders, fills, and line visibility Use Cases Range Analysis: Compare volatility across time periods, spot breakouts Support/Resistance: Use box boundaries as potential S/R levels Market Structure: Visualize recent price development and trend patterns Key Settings Range Length: Bars per box (default: 20) Starting Offset: Bars back from current to position boxes (default: 0) Style Options: Colors, borders, and visibility controls for each box Perfect for traders analyzing consecutive price ranges and comparing current conditions to recent historical periods.
Pine Script® indicator
by mvxt
FVG Fusion – by EB | Smart Money ConceptsFVG Fusion – by EB is an advanced indicator based on Smart Money Concepts (SMC). It automatically detects Fair Value Gaps (FVG) on multiple timeframes, along with key PDH/PDL (Daily Previous) and PWH/PWL (Weekly Previous) levels. 🔹 Key Features Automatic detection of bullish and bearish FVGs Multi-timeframe (M5 to D1) PDH/PDL and PWH/PWL levels with lightning bolts Configurable alerts when tapping on a FVG Customizable colors, thicknesses, and automatic clearing. 💡 Ideal for traders who use Price Action and SMC to identify imbalances and high-probability zones.
Pine Script® indicator
by Estefanobaez
Fano algorithmFano Algorithm is a powerful and minimalist Fair Value Gap (FVG) indicator designed for traders who follow Smart Money Concepts (SMC). Built to highlight potential areas of price inefficiency, this tool automatically detects FVGs across all timeframes and displays them cleanly on the chart – without clutter or distractions. Core Features: Automatic detection of Bullish and Bearish FVGs Clean visual display with customizable color options Alerts when price enters an FVG zone Works on any asset and any timeframe Optimized for precision and clarity
Pine Script® indicator
by Estefanobaez
Fano algoritmFano Algorithm is a powerful and minimalist Fair Value Gap (FVG) indicator designed for traders who follow Smart Money Concepts (SMC). Built to highlight potential areas of price inefficiency, this tool automatically detects FVGs across all timeframes and displays them cleanly on the chart – without clutter or distractions. Core Features: Automatic detection of Bullish and Bearish FVGs Clean visual display with customizable color options Alerts when price enters an FVG zone Works on any asset and any timeframe Optimized for precision and clarity
Pine Script® indicator
by Estefanobaez
VSA Super Candles 🎯 Overview This Pine Script was developed for VSA (Volume Spread Analysis) with a well-defined hierarchical priority system. The code identifies different types of market events based on volume, spread, and price behavior, painting candles with specific colors according to their importance. 🏗️ System Architecture Priority System (Hierarchical) 🔴 Climatic Event (Red) - Maximum Priority 🟠 Big Boss (Orange) - Second Priority 🟣 Compression (Purple) - Third Priority ⚫ Normal (Gray) - Lowest Priority 📊 Event Types 🔴 Climatic Event (Red) Characteristics: Ultra-high volume (default: 310% of average) Wide spread (above configured threshold) "Wrong" close (opposite to bar direction) Specific conditions: Up bar that closes at low (Selling Climax) Down bar that closes at high (Buying Climax) VSA Concept: Represents extreme exhaustion of one side of the market, usually marking important reversal points. 🟠 Big Boss (Orange) Characteristics: Ultra-high volume (default: 250% of average) Significant price displacement Wide spread with real movement of candle body Activated only when there's no Climatic Event VSA Concept: Massive volume generating real displacement, indicating entry/exit of large players. 🟣 Compression (Purple) Characteristics: Average volume (between normal and high) Signs of exhaustion or reversal Differential: Horizontal volume analysis Activation conditions: Upthrust (higher high, closes down) Minor selling climax (lower low, closes up) Horizontal volume spike + average volume VSA Concept: Support/resistance test with controlled volume, frequently precedes important movements. ⚫ Normal (Gray) Characteristics: Normal volume (default: 50% of average) Normal displacement or automatic price exhaustion Auto-activation: Detects exhaustion even with normal volume 🛠️ Technical Components Storage Buffers var bool buffer_climatico = array.new_bool() var bool buffer_big_boss = array.new_bool() var bool buffer_comprimido = array.new_bool() var bool buffer_normal = array.new_bool() Store event history Limited to 100 values for optimization Allow posterior statistical analysis Horizontal Volume Analysis Compares current volume with average of last 5 bars Configurable multiplier factor (default: 1.5x) Impact: Increases probability of identifying compressions Automatic Exhaustion System Up Exhaustion: Higher high + close lower than previous Down Exhaustion: Lower low + close higher than previous Works independently of volume ⚙️ Configurable Parameters Parameter Default Description Volume Average Length 60 Period for volume average % Climatic Event 310% Threshold for climatic volume % Big Boss 250% Threshold for Big Boss volume % Normal Volume 50% Threshold for normal volume Spread Threshold 0.7 Multiplier for wide spread Close Position Threshold 0.3 Limit for "edge closes" Horizontal Volume Factor 1.5 Multiplier for horizontal spike 📍 Visual Markers Chart Symbols 🔴 Climatic Event: Red circles above/below bars 🟠 Big Boss: Orange circles indicating direction ⬆⬇ Compression: Purple arrows for reversals H Horizontal Compression: Marks differentiated horizontal volume Statistics Table Position: Top right corner Content: Count of each event type (last 50 bars) Current volume vs. average ratio Update: Real-time on last bar 🎨 Color System final_color = evento_climatico ? color.red : big_boss ? color.orange : comprimido ? color.purple : vela_normal ? color.gray : color.gray Logic: The first true condition defines the color, respecting priorities. 🔄 Execution Flow Basic Calculations: Average volume, spread, close position Horizontal Analysis: Comparison with previous bars Exhaustion Detection: Identification of reversal patterns Priority Application: Sequential evaluation (Climatic → Normal) Storage: Buffer updates Visualization: Bar coloring and markers 📈 Implemented Improvements Code Organization Detailed comments in each section Descriptive variable names Clear and sequential IF/ELSE logic Separation by functionality Performance Buffers with automatic cleanup Optimized calculations Limited history control Advanced VSA Functionality Hierarchical priority system Horizontal volume analysis Automatic exhaustion detection Multiple types of climatic events Usability Configurable parameters Real-time visual feedback Performance statistics Intuitive markers 🎓 Applied VSA Concepts Volume Spread Analysis Principle: Relationship between Volume, Spread, and Close reveals market intentions Implementation: Each event type represents a specific VSA scenario Smart Money vs. Retail Climatic Event: Retail exhaustion, Smart Money entry Big Boss: Direct Smart Money movement Compression: Controlled testing/accumulation Wyckoff Method Absorption: Identified in compressions Distribution/Accumulation: In climatic events Mark-up/Mark-down: In Big Boss events 🚀 How to Use Add the script to your TradingView chart Configure parameters according to your timeframe and asset Observe bar colors to identify events Use markers for additional confirmation Monitor the table for real-time statistics 📝 Important Notes Script strictly respects priority hierarchy Higher priority events always prevail Horizontal analysis differentiates special compressions Automatic exhaustion system captures subtle reversals Performance optimized for real-time use 🔧 Installation Open TradingView Pine Editor Copy and paste the complete script Click "Add to Chart" Adjust parameters in the settings panel Save to your indicator library 📊 Trading Applications Entry Signals Climatic Events: Look for reversal confirmations Big Boss: Follow the displacement direction Compression: Watch for breakouts after testing Risk Management Use event hierarchy to gauge market strength Higher priority events suggest stronger moves Normal events may indicate consolidation periods Market Context Trending Markets: Big Boss events show continuation Range-bound Markets: Compressions at key levels Reversal Points: Climatic events at extremes 🤝 Contributing This script follows VSA principles and can be enhanced with: Additional timeframe analysis Alert system for key events Backtesting capabilities Custom color schemes Version: Pine Script v6 Compatibility: TradingView Author: Victor Eduardo Americo
Pine Script® indicator
by Victoredbr
MuLegend's NQ 1m Break & Retest Sniper (clean)This indicator will mos def alert you when on NQ 1 minute time frame, to ENTER, AFTER retest: 1) if its' a bullish retest: enter on the candle HIGHER than the retest candle, with the stop loss, under the retest candle, and target is the next structure point. 2) If it's a bearish retest candle: enter on the candle LOWER than the retest candle, with the stop lost above the retest candle, and your target is the next structure point. MuLegend Follow me on IG @ atltime2shine
Pine Script® indicator
by Mulegendrules370
Same-Direction Candles (Two Symbols)Same-Direction Candles (Two Symbols) What it does Highlights bars on your chart when two symbols print the same candle direction on the chosen timeframe: Both Bullish → one color Both Bearish → another color Great for spotting synchronous moves (e.g., NQ & ES, QQQ & SPY), or confirming risk-on/risk-off with an inverse asset (e.g., NQ vs DXY with inversion). How it works For each bar, the script checks whether close > open (bullish), close < open (bearish), or equal (doji) for: The chart’s symbol A second symbol pulled via request.security() (optionally on a different timeframe) If both symbols are bullish, it paints Bull color; if both are bearish, it paints Bear color. Dojis can be ignored. Inputs Second symbol: Ticker to compare (e.g., CME_MINI:ES1!, NASDAQ:QQQ, TVC:DXY). Second symbol timeframe: Leave blank to use the chart’s TF, or set a specific one (e.g., 5, 15, D). Invert second symbol direction?: Flips the second symbol’s candle direction (useful for inversely related assets like DXY vs indices). Ignore doji candles: Skip highlights when either candle is neutral (open == close). Coloring options: Toggle bar coloring and/or background shading; pick colors; set background transparency. Alerts Three alert conditions: Both Bullish Both Bearish Both Same Direction (bullish or bearish) Create alerts from the Add Alert dialog after adding the script. Use cases Index confluence: NQ & ES moving in lockstep ETF confirmation: QQQ & SPY agreement FX/Index risk signals: Invert DXY against NQ/ES to see when equity strength aligns with dollar weakness Tips For mixed timeframes (e.g., chart on 1m, ES on 5m), set Second symbol timeframe to the higher TF to reduce noise. Keep Ignore dojis on for cleaner signals. Combine with your own entry rules (structure, FVGs, liquidity sweeps). Notes Works on any symbol/timeframe supported by TradingView. Overlay script; no strategy/entries/exits are executed. Past performance ≠ future results; for education only. Version: 1.0 – initial release (bar/background highlights, doji filter, inversion, multi-TF support, alerts).
Pine Script® indicator
by huhmonkey