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Candlestick analysis

Bull/Bear Lower Volume (vijayachandru)Bull/Bear Lower Volume (HA + Box + ±15 Lines) This indicator tracks intraday Heikin Ashi candles and highlights the lowest-volume bull/bear candles after 9:25 (IST). When price breaks above/below these candles, a breakout box is drawn with optional ±15 point dashed levels. It plots clear Buy/Sell signals, marks box breakouts, and provides alert conditions for all setups—helping traders spot early intraday breakouts driven by volume shifts
Pine Script® indicator
by vijayachandru
1
YZH Dual MA Combo Signal📌 YZH Dual MA Combo Signal – Indicator Overview The YZH Dual MA Combo Signal is a multi–moving average trading tool designed to detect price action setups confirmed by candle wick structures. It combines three customizable moving averages (MA1, MA2, MA3) and generates precise entry signals when price interacts with them under specific conditions. 🔑 Key Features Multiple Moving Average Options Supports SMA, EMA, WMA, HMA, RMA, VWMA. Users can configure up to 3 moving averages with adjustable periods, colors, and line thickness. Wick Filter for Candle Validation Uses a wick-to-body ratio filter to ensure signals only trigger with meaningful rejection candles. Example: Strong long wick at support/resistance near a moving average. 3 Combo Structures MA1–MA2 combo MA2–MA3 combo MA1–MA3 combo Each combo has its own setup & trigger logic, giving flexibility for trend continuation or reversal trades. Setup & Trigger Logic Setup: Price interacts with the chosen moving average with a valid wick rejection. Trigger: Confirmation occurs within a defined number of candles (default = 5 bars) if price breaks above/below the setup level. Prevents false signals by requiring both wick rejection and follow-up confirmation. Signal Visualization Triangles (▲▼) for confirmed long/short entries. Optional circles to display setup points before triggers. Color-coded moving averages with customizable visibility. Information Dashboard (optional) Displays real-time status of all three MA combinations. Helps traders quickly identify which combo is currently active. Alerts & Automation Ready Sends detailed alerts with symbol, timeframe, signal type (LONG/SHORT), combo type, price, and timestamp. Compatible with TradingView’s alertcondition for automated trading systems or external integrations. ⚡ Trading Edge Ideal for traders who use wick rejections + moving average confirmations. Filters out weak setups and focuses only on high-probability signals. Can be applied in scalping, swing trading, or trend-following strategies across all markets (forex, crypto, stocks, indices).
Pine Script® indicator
by fx_yzh
1
Advanced Candle Patterns detector-GSK-VIZAG-AP-INDIA 📌 Description This indicator automatically detects and highlights common candlestick patterns on the chart and provides a reference table with explanations. It is designed as a visual and educational tool for learning candlestick psychology and price action. 🔍 Features Pattern Detection (on-chart): Detects well-known bullish, bearish, and neutral patterns: Bullish Engulfing, Bearish Engulfing Hammer, Inverted Hammer Morning Star, Evening Star Three White Soldiers, Three Black Crows Bullish Harami, Bearish Harami Piercing Line, Dark Cloud Cover Tweezer Bottom, Tweezer Top Doji Patterns are marked directly on the chart using labels. Labels can show pattern names or serial numbers (user choice). Bullish = Green, Bearish = Red, Neutral = Yellow. Reference Table (on-chart panel): Lists all detected patterns with color-coded text. Option to show short explanations for each pattern, or just identifiers. Table includes a “Serial” column so users can match with chart labels. Chart & Table Settings (customizable): Table Position: choose Top Left, Top Right, Bottom Left, Bottom Right. Text Size: choose Tiny, Small, Normal, Large, or Huge. Toggle Options: Show/Hide explanation table. Show/Hide descriptions in table. Show serial numbers instead of pattern labels on chart. 🎓 Educational Purpose This tool is meant for study and research. Candlestick patterns alone are not reliable signals; their strength depends on trend, volume, and market context. Use this script to visually learn patterns and combine with other analysis methods. ⚠️ Disclaimer: This indicator is for educational purposes only. It does not provide trading or investment advice. No candlestick pattern guarantees future price movement. Always confirm with other tools and do your own research before making trading decisions.
Pine Script® indicator
by prowelltraders
Third Eye ORB Pro (0915-0930 IST, no-plot)Third Eye ORB Pro (Opening Range Breakout + Range Mode) This indicator is designed specifically for Indian stocks and indices (NIFTY, BANKNIFTY, FINNIFTY, MIDCAP, etc.) to track the Opening Range (09:15–09:30 IST) and generate actionable intraday trade signals. It combines two key modes — Range Mode (mean reversion inside the opening range) and Breakout Mode (momentum trading beyond the range). 1. Opening Range Framework (09:15–09:30 IST) The indicator automatically plots the Opening Range High (ORH) and Opening Range Low (ORL) after the first 15 minutes of market open. The area between ORH and ORL acts as the intraday battlefield where most price action occurs (historically ~70–80% of the day is spent inside this zone). A shaded box and horizontal lines mark this range, serving as a visual reference for support and resistance throughout the day. 2. Range Mode (Mean Reversion Inside OR) When price trades inside the Opening Range, the indicator looks for edge rejections to capture range-bound trades. Range BUY (RB): Triggered near ORL when a bullish rejection candle forms (strong body + long lower wick). Range SELL (RS): Triggered near ORH when a bearish rejection candle forms (strong body + long upper wick). Optional filters (toggleable in settings): RSI Filter: Only allow range buys if RSI is oversold (≤45) and range sells if RSI is overbought (≥55). VWAP Filter: Only allow range trades if price is not too far from VWAP (distance ≤ X% of OR size). Labels show suggested Stop Loss (just outside the OR band) and Target (midline/VWAP). Cooldown logic prevents consecutive whipsaw signals. 3. Breakout Mode (Directional Moves Beyond OR) When price closes strongly outside the ORH/ORL with momentum, the indicator confirms a breakout/breakdown trade. Buffers are applied to avoid false breakouts: ATR Buffer: Price must extend at least ATR × multiplier beyond the range edge. % Buffer: Price must extend at least a percentage of OR size (default 10%). Confirmation Filters: Candle must have a strong body (≥60% of total bar range). Optional “two closes” rule: price must close outside the range for 2 consecutive candles. BUY BO: Trigger when price closes above ORH + buffer with momentum. SELL BD: Trigger when price closes below ORL – buffer with momentum. Labels and alerts are plotted for quick action. 4. Practical Usage Works best on 5-minute charts for intraday trading. Designed to help traders capture both: Range-bound moves during the day (mean reversion plays). Strong directional breakouts when institutions push price beyond the opening range. Particularly effective on expiry days, trending sessions, and major news days when breakouts are more likely. On sideways days, Range Mode provides reliable scalp opportunities at the OR edges. 5. Features Auto-plots Opening Range High, Low, Midline. Box + line visuals (no repainting). Buy/Sell labels for both Range Mode and Breakout Mode. Customizable buffers (ATR, % of range) to suit volatility. Alerts for all signals (breakouts and range plays). Built with risk management in mind (suggested SL and TP shown on chart).
Pine Script® indicator
by Spoiltbrat
Perfect Candles By SalamunPerfect Candles Compass Trade Academy By Salamun The "Perfect Candles By Salamun" indicator is a custom indicator for the TradingView trading platform that uses Pine Script v5. Let me explain its function and usage: Main Function 1. Candlestick Display Modification This indicator redraws candlesticks with special logic, especially to handle price gaps that occur when the market reopens after a close. 2. Eliminate Price Gaps When the market opens after a break (for example after a weekend or holiday), there is usually a gap between the previous closing price and the new opening price. This indicator "fixes" the gap by adjusting the open price of the new candle to be equal to the close price of the previous candle. Input Parameters "Valid only on open days" (default: false) If enabled, modifications are only applied on market opening days. If disabled, all candles will be modified "Hourly threshold for detecting open days" (default: 6 hours) Determine the time threshold for detecting gaps. If the time interval between candles is > 6 hours, it is considered as the opening of a new day. "Show Price" (default: true) Displays a horizontal price line at the last price level Ways of working Gap Detection : Calculating the time difference between candles Modification Conditions : If applyToDayOpenOnly= false, OR If the time gap > the specified threshold Price Adjustment : Open price = Close price of the previous candle Close, High, Low still use original values Coloring : Teal green for bullish candles (close ≥ open) Red for bearish candle (close < open) Utility For Traders: Provides a smoother chart visualization without gaps Helps with more continuous technical analysis Useful for timeframes that often experience gaps (such as daily, weekly) For Analysis: Reduces noise from opening gap Helps identify clearer trends Suitable for strategies that focus on continuous price movements
Pine Script® indicator
by SamSalamun
Sri - Custom Timeframe Candle / Heikin AshiSri - Custom Timeframe Candle / Heikin Ashi (Week & Day) + Label Short Title: Sri - Smart Candles Pine Script Version: 5 Overlay: Yes Description: The Sri - Smart Candles indicator allows traders to visualize historical and current daily and weekly candles on a single chart in a compact and customizable format. You can choose between Normal candles or Heikin Ashi candles for better trend visualization. The script displays previous 4 candles, the last candle, and the live candle with horizontal offset positioning to avoid overlapping the chart. Additionally, the indicator includes customizable labels for days or week numbers, helping traders quickly analyze patterns and trends. This indicator is ideal for traders who want to see higher timeframe candle patterns on lower timeframe charts (like 5-min, 15-min, or 1-hour charts) without switching timeframes. Key Features: Custom Candle Types: Normal or Heikin Ashi. Daily & Weekly Candle Blocks: View previous 4 + last + live candles. Custom Colors: Bull, bear, and wick colors configurable. Candle Positioning: Horizontal offsets, thickness, and gaps configurable. Labels: Day numbers or week numbers displayed at Top, Bottom, or Absolute level. Multi-Timeframe Visualization: See daily and weekly candles on lower timeframe charts. Advantages: ✅ Helps visualize higher timeframe trends on lower timeframe charts. ✅ Easy to identify bullish and bearish candle patterns. ✅ Customizable for personal visual preference (colors, size, offsets). ✅ Labels allow quick recognition of days/weeks without cluttering the chart. ✅ Works on small timeframes (1-min, 5-min, 15-min) for intraday analysis. Pros: Clean and intuitive display of daily/weekly candles. Can combine Normal and Heikin Ashi visualizations. Helps confirm trend direction before taking trades. Non-intrusive overlay: does not interfere with main chart candles. Cons: Static candle representation; does not replace real-time trading candles. May be slightly heavy on chart performance if too many candles are drawn. Horizontal offsets require manual adjustment for crowded charts. How to Use on Small Timeframes: Apply the indicator on a small timeframe chart (e.g., 5-min, 15-min). Select Candle Type: Normal or Heikin Ashi. Adjust Daily and Weekly offsets to prevent overlap with your main chart. Choose colors for bullish, bearish candles, and wicks. Use Label Position to show day/week numbers on top, bottom, or a fixed level. Analyze the previous 4 + last + live candles for trend direction and potential entry/exit zones. Tip: Combine this with other indicators (like RSI, MACD, or volume) on small timeframes for better intraday trading accuracy.
Pine Script® indicator
by venkat_27
High Minus LowThis indicator is a simple yet powerful tool for technical analysis. It measures the range of each candlestick by calculating the difference between its high and low, providing a direct visualization of market volatility. Key Features: Volatility at a Glance: The plot's height in the separate panel directly corresponds to the candle's trading range, allowing you to easily spot periods of high or low volatility. Customizable Color: Easily change the line color to match your chart's theme and personal preferences. Actionable Insights: Use this indicator to confirm periods of market consolidation before a breakout or to gauge the strength of a trend based on the expansion of candle ranges.
Pine Script® indicator
by davidvwilliams
TF + Ticker (vahab)Fixed Timeframe Display with Custom Colors & Size This indicator displays the current chart timeframe in the bottom-right corner with clear formatting. Features include: Automatic conversion of minute-based timeframes to hours (e.g., 60 → 1H, 240 → 4H). Distinguishes seconds, minutes, hours, and daily/weekly/monthly timeframes. Fully customizable colors for each type of timeframe. Adjustable font size for readability. Simple, stable, and lightweight overlay. Perfect for traders who want an easy-to-read timeframe display without cluttering the chart.
Pine Script® indicator
by yemwzs
Candlestick Entry SystemCandlestick Entry System Green: (dark green) – Strong and growing trend, bullish momentum. – This is the most favorable scenario for long trading. Red: – Strong trend but downward momentum. – Possible correction within an uptrend or the start of weakness. Blue: – Weak or sideways trend but upward momentum. – Typically a rebound or recovery without clear trend strength. Yellow: – Weak trend and bearish momentum. – Market in a range or bearish consolidation.
Pine Script® indicator
by catamoj
Merek Equal Highs and LowsEQH – Equal Highs Indicator Description: The EQH indicator detects Equal Highs on the chart. This occurs when price reaches the same high level two or more times without breaking it decisively. Interpretation: Liquidity zone: Equal highs are often seen as areas where liquidity (stop-loss clusters) is located. Breakout potential: A break above this level often signals that liquidity is being taken before either a reversal or continuation of the trend. Market structure: EQH highlights resistance areas that can serve as key decision points for traders. Use cases: Identifying potential stop-hunt zones Spotting resistance levels Anticipating liquidity grabs before reversals or trend continuations EQL – Equal Lows Indicator Description: The EQL indicator detects Equal Lows on the chart. This occurs when price reaches the same low level two or more times without breaking lower. Interpretation: Liquidity zone: Equal lows are areas where liquidity (sell-side stops) tends to accumulate. Breakout potential: A move below this level often indicates liquidity being swept before a possible reversal or continuation. Market structure: EQL highlights support areas that can be critical for trade decisions. Use cases: Identifying sell-side liquidity zones Spotting support levels Recognizing possible stop-hunts before reversals or trend continuations
Pine Script® indicator
by MOONMEREK_Futures
FVG TrackerThis indicator automatically detects and tracks Fair Value Gaps (FVGs) on your chart, helping you quickly spot imbalances in price action. Key Features: 📍 Identifies FVGs larger than 3 contracts 📐 Draws each valid FVG as a rectangle directly on the chart ⏳ Removes FVGs once they are fully filled 🔟 Keeps track of only the 10 most recent FVGs for clarity ⚡ Lightweight and optimized for real-time charting This tool is ideal for traders who use FVGs as part of Smart Money Concepts (SMC) or imbalance-based strategies. By visually highlighting only meaningful gaps and clearing them once filled, it ensures a clean and actionable charting experience.
Pine Script® indicator
by Niiithish