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Candlestick analysis

CISD & OB [BLAZ]Version 1.0 – Published October 2025: Initial release 1. Overview & Purpose The CISD & OB indicator identifies and plots Order Blocks (OB) and Changes in State of Delivery (CISD) on price charts using a strict rule-based approach designed to highlight structural turning points and continuation zones in price action. It automatically detects these formations when price creates confirmed swing highs or lows, followed by opposing directional moves that break predefined structural levels. Detection logic is consistently applied across all market conditions, allowing the indicator to identify areas where notable price reactions or liquidity shifts have occurred. These levels are plotted as horizontal lines on the chart and are updated in real time to reflect the latest structural developments, helping traders visualise potential reversal or continuation zones. The methodology used in this indicator represents the author's specific approach to Order Block and CISD identification, incorporating custom criteria for swing validation and confirmation logic that differ from standard implementations. Detection operates entirely mechanically, without discretionary intervention, to ensure consistency and objectivity across use cases. This indicator functions on all standard timeframes and supports multiple asset classes, including Forex, Stocks, Cryptocurrencies, Futures, and Commodities. The indicator is unique in its ability to apply detection logic to a custom timeframe, enabling multi-timeframe structural analysis without switching charts. Let’s begin by explaining key terminologies based on the author’s perception to aid in understanding the functionality of the indicator. 2. Order Block (OB) An Order Block is identified when price creates a swing high or swing low followed by a directional move that closes beyond the open of the opposing candle(s) structure. 2.1. For bearish Order Blocks: Price must form a confirmed swing high (higher than surrounding candles). A subsequent bearish candle must close below the open of the bullish candle(s) that created the swing high. 2.2. For bullish Order Blocks: Price must form a confirmed swing low (lower than surrounding candles). A subsequent bullish candle must close above the open of the bearish candle(s) that created the swing low. The indicator only validates Order Blocks where the structural formation meets minimum swing criteria and the confirming move demonstrates sufficient momentum beyond the identified level. 3. Change in State of Delivery (CISD) A CISD occurs when a valid Order Block forms in the opposite direction to the previously confirmed Order Block, indicating a potential shift in market structure. 3.1. Formation criteria: A bullish CISD forms when a valid bullish Order Block is detected after the most recent confirmed structure was a bearish Order Block. A bearish CISD forms when a valid bearish Order Block is detected after the most recent confirmed structure was a bullish Order Block. Each CISD represents the first opposing Order Block in a sequence, distinguishing it from continuation Order Blocks that follow in the same direction. The indicator tracks the sequence of Order Block formations to automatically classify each new structure as either a CISD (directional change) or continuation Order Block based on the preceding confirmed structure. 4. Detection Logic & Visual Management The indicator continuously scans price action in real time, validating only those patterns that meet predefined technical thresholds. Once a structure is confirmed, it is plotted as a horizontal line extending from the origin candle’s open to the confirming close. To maintain chart clarity, the script integrates automatic display management, limiting the number of plotted lines according to user-defined settings. Independent styling options are available for bullish and bearish structures, including colour, width, and line thickness. CISD and OB structures are styled separately to provide a clear distinction between reversal and continuation events. Developing structures appear as dotted potential horizontal lines until they are validated, at which point they transition to solid lines. The indicator also allows users to restrict visibility of plotted lines above a selected timeframe, ensuring that higher timeframe charts remain clean and readable. If configuration settings conflict, such as incompatible timeframe or visibility filters, the indicator displays on-chart warning messages to guide users in adjusting their setup appropriately. The indicator supports multi-timeframe plotting capability, allowing structures identified on higher timeframes to be visualised directly on the active lower timeframe chart. This feature allows traders to observe how market structures align across multiple timeframes, providing greater confirmation of overall trend direction, reinforcing analytical confidence through cross‑timeframe confluence, and ensuring short‑term decisions remain aligned with the prevailing market context. Traders can configure alerts to receive notifications when new CISD or OB structures are confirmed. Alerts are fully customisable via the indicator input settings and can be defined by direction (bullish/bearish) and pattern type (OB or CISD). 5. Usage Instructions 5.1. Alert Setup: Enable "Set Alert?" toggle in indicator settings. Configure alert preferences for specific pattern types. On the chart, click the three dots menu beside the indicator's name or press Alt + A. Select "Add Alert" and click “Create” to activate the alert. Alerts trigger when new patterns are confirmed. 5.2. Display Controls: Use "Bullish Lines" and "Bearish Lines" toggles to show/hide patterns by direction. Adjust line quantity settings (1-25) to control how many patterns display simultaneously. Enable “Timeframe” to apply detection logic to a higher timeframe of choice, displaying CISD and OB patterns directly on the active chart. 5.3. Visibility Filter: Use “Show below” to limit indicator visibility to specific timeframes. When enabled, the indicator hides automatically on any timeframe equal to or higher than the selected setting. 5.4. Appearance Customisation: Toggle “CISD” or “OB” on/off to show or hide individual pattern types. Modify colours and line widths independently for bullish and bearish structures. The “Show potential line” option displays developing patterns as dotted horizontal lines until confirmed. 5.5. Warning Message: Enable “Show warning messages” to display on‑chart guidance for conflicting or invalid configurations. Choose the preferred message box position and colour styling for readability. 6. Protected Logic & Original Design This indicator has been developed from the ground up using proprietary algorithms and a custom structural classification logic derived from original research into Order Block and CISD identification methods. The internal mechanics, including real-time pre-confirmation logic, multi-timeframe adaptation, directional classification sequencing, and automated display management, are not based on any publicly available script or third-party resource. 7. Disclaimer This indicator is provided for educational and analytical purposes only. It does not constitute financial advice, investment recommendations, or trading signals. All trading and investment decisions remain solely the responsibility of the user. Trading financial instruments involves substantial risk of loss. Past performance of any trading methodology or indicator does not guarantee future results. Users should conduct their own research and consider consulting with qualified financial professionals before making trading decisions. The indicator's pattern detection is based on technical analysis principles and should be used as part of a comprehensive trading approach. No trading tool can guarantee profitable outcomes or eliminate market risk. By using this indicator, users acknowledge they understand these risks and accept full responsibility for their trading decisions and outcomes.
Pine Script® indicator
by Blazarx
GRG/RGR Signal, MA, Ranges and PivotsThis indicator is a combination of several indicators. It is a combination of two of my indicators which I solely use for trading 1. EMA 10-20-50-200, Pivots and Previous Day/Week/Month range 2. 3/4-Bar GRG / RGR Pattern (Conditional 4th Candle) You can use them individually if you already have some of them or just use this one. Belive me when I say, this is all you need, along with market structure knowlege and even if you don’t have that, this indicator has been doing wonders for me. This is all I use. I do not use anything else. **Note - Do checkout the indicators individually as I have added valuable information in the comment section. It contains the following, 1. 10 EMA/SMA - configurable 2. 20 EMA/SMA - configurable 3. 50 EMA/SMA - configurable 4. 200 EMA/SMA - configurable 5. Previous Day's Range - configurable 6. Previous Week's Range - configurable 7. Previous Month's Range - configurable 8. Pivots - configurable 9. Buy Sell Signal - configurable The Moving Averages It is a very important combination and using it correctly with price action will strengthen your entries and exits. The ema's or sma's added are the most powerful ones and they do definitely act as support and resistance. The Daily/Weekly/Monthly Ranges The Daily/Weekly/Monthly ranges are extremely important for any trader and should be used for targets and reversals. Pivots Pivots can provide support and resistance level. R5 and S5 can be used to check for over stretched conditions. You can customise them however you like. It is a full pivot indicator. It is defaulted to show R5 and S5 only to reduce noise in the chart but it can be customised. The 3/4 RGR or GRG Signal Generator Combined with a 3/4 RGR or GRG setup can be all a trader needs. You don't need complex strategies and SMC concepts to trade. Simple EMAs, ranges and RGR/GRG setup is the most winning combination. 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 1. 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. 2. Here the buyers defeated the sellers. 3. 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. 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. 5. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default. 6. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. 7. I call it the +-+ or GRG pattern or Green-Red-Green or Buyer-Seller-Buyer or Seller defeated or just Buyer pattern. 8. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders. 9. 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 1. 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. 2. 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. 3. 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. 4. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default. 5. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. 6. I call it the -+- or RGR pattern or Red-Green-Red or Seller-Buyer-Seller or Buyer defeated or just Seller pattern. 7. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders. 8. 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. Combining Indicators and Signal Combining these indicators with GRG/RGR signal can be very powerful and can provide big moves. 1. MA crossover and Signal - This is very powerful and provides a very big move. Trades can be held for longer. If after taking the trade we notice that the MA crossover has happened then trades can be held for higher targets. 2. Pivots and Signal - Pivots and add a support or resistance point. Take profits on these points. R5/S5 are over streched conditions so we can start looking for reversal signals and ignore other signals 3. Intraday Range - first 1, 5, 15 min of the day - Sideways days is when price will stay in these ranges. You can take profits at these ranges or if the range is broken and we get a signal, then it can mean that the direction will be sustained. 4. Previous Day/Week/Month Ranges - These can be used as Take Profit points if the price is moving towards them after getting the signal. If the range is broken and we get a signal then it can be a strong signal. They can also be used as reversal points if a strong signal is generated. Important Settings 1. Include 4th Candle Confirmation - 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. 2. Bars to check (default 10) - 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. 3. Use Candle High/Low for confirmation instead of Candle Open/Close - More optimized entry and noise reduction. This option is now defaulted to false. 4. Show Green-Red-Green (bull) signals - Show only bull entries. Useful when I have a predefined view i.e, I know market is going to go up today. 5. Show Red-Green-Red (bear) signals - Show only bear entries. Useful when I have a predefined view i.e, I know market is going to go down today. 6. 3rd candle should be a Strong candle before considering 4th candle - This will enforce additional logic in 4 candle setup that the 3rd candle is the candle in our direction of breakout. This means something like GRGG is mandatory, which is still the default behaviour. If disabled, the 3rd candle can be any candle and 4th candle will act as our breakout candle. This behaviour has led to breakouts and breakdowns as times, hence I added this as a separate feature. Vice-versa for a RGGR. For a 4 candle setup till now we were expecting GRGG or RGRR but we can let the system ignore the 3rd candle completely if needed. This will result in additional signals. 7. Three intraday ranges added for index and stock traders - 1 min, 5 min and 15 min ranges will be displayed. These are disabled by default except 15 min. These are very important ranges and in sideways days the price will usually move within the 15 min. A breakout of this range and a positive signal can be a very powerful setup. Safe traders can avoid taking a trade in this range as it can lead to fakeouts. The line style, width, color and opacity are configurable. Pointers/Golden Rules 1. 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. 2. 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. 3. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks. 4. 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. 5. Hold trades for longer targets and don't panic. 6. If last 3-4 days have been sideways then there is a good probability that today will be trending so we can hold our trade for longer targets. Inverse is true when the market has been trending for 2-3 days then volatility followed by sideways is coming (DOW theory). Target to hold the trade for whole day and not exit till the day closes. 7. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle. 8. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets. 9. Trail your SL. 10. For indexes I would use 5 min and 15 min timeframe and at times 10 mins. 11. 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. 12. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big. 13. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10. 14. Trade with small lot size. Money management will happen automatically. 15. With small lot size and correct Risk-Reward we can be very profitable. Don't trade with big lot size. 16. Stay in the market for longer and collect points not money. 17. Very imp - Watch market and learn to generate a market view. 18. Very imp - Only 3 type of candles are needed in trading - Strong Bullish (Big Green candle), Strong Bearish (Big Red candle), Hammer (it is Strong Bullish), Inverse Hammer (it is Strong Bearish) and Doji (indecision or confusion). If on daily timeframe I see Strong Bullish candle previous day then I am biased to the upside the next day, if I see Strong Bearish candle the previous day then I am biased to the downside the next day, if I see Doji on the previous day then I am cautious the next day, if there are back to back Dojis forming in daily or weekly then I am preparing for big move so time to go big once I get the signal. 19. Most Important Candlestick pattern - Bullish and Bearish Engulfing 20. The only Chart patterns I need - 
 a) Falling Wedge/Channel Bullish Pattern Uptrend or Bull Flag - Buying - Forming over a couple days for intraday and forming over a couple of weeks for swing 
 b) Falling Wedge/Channel Bullish Pattern Downtrend or Falling Channel - Buying
 c) Rising Wedge Bearish Pattern Uptrend or Rising Channel - Selling
 d) Rising Wedge Bearish Pattern Downtrend or Bear flag - Selling e) Head and Shoulder - Over a longer period not for intraday. In 15 min takes few days and for swing 1hr or 4h or daily can take few days 
f) M and W pattern - Reversal Patterns - They form within the above 4 patterns, usually resulting in the break of trend line 21. How Gaps work - 
 a) Small Gap up in Uptrend - Market can fill the gap and reverse. The perception is that people are buying. If previous day candle was Strong Bullish then market view is up.
 b) Big Gap up in Uptrend - Not news driven - Profit booking will come but may not fill the entire gap
 c) Big Gap up in Uptrend - News driven, war related, tax, interest rate - Market can keep going up without stopping.
 c) Flat opening in Uptrend - Big chance of market going up. If previous day candle was Strong Bullish then view is upwards, if it was Doji then still upwards.
 d) Gap down in Uptrend - Market is surprised. After going down initially it can go up
 e) Small Gap down in Downtrend - Market can fill the gap and keep moving down. If previous day candle was Strong Bearish then view is still down.
 f) Flat opening in Downtrend - View is down, short today.
 g) Big Gap down in Downtrend - Profit booking and foolish buying will come but market view is still down.
 h) Gap down with News - Volatility, sideways then down. 
 i) Gap Up in Downtrend - Can move up - Price can move up during 2/3rd of the day and End of the day revert and close in red. 22. Go big on bearish days for option traders. Puts are better bought and Calls are better sold. 23. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals. 24. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
Pine Script® indicator
by pranayjha
4
Session Breakout Detector (SBD)Overview: The Session Breakout Detector (SBD) is a TradingView indicator designed to identify and visualize breakouts from major trading sessions. It tracks a selected session (Tokyo, London, or New York) and detects price movements beyond the session's high or low, assisting traders in spotting potential breakout opportunities. Key Features: - Session Selection: Choose between Tokyo, London, or New York sessions. - Breakout Detection Modes: - Confirmed Bar: Detects breakouts when a candle closes beyond the session's range. - Intrabar: Detects breakouts as soon as the price exceeds the session's high or low within a candle. - Visual Indicators: - Displays session high, low, and range with a colored box for clear visualization. - Marks breakouts with green (bullish) or red (bearish) triangles. - Optional 50-Period SMA: Adds a 50-period Simple Moving Average to the chart for trend analysis. - Alerts: Configurable alerts for bullish and bearish breakouts. Usage Instructions: 1. Select Session: Choose the desired trading session (Tokyo, London, or New York) from the input settings. 2. Choose Breakout Detection Mode: Select between 'By confirmed bar' or 'By intrabars' based on your trading preference. 3. Enable SMA (Optional): Toggle the 'Use SMA?' option to display the 50-period Simple Moving Average. 4. Set Alerts: Configure alerts for breakout signals as per your trading strategy. ⚠️Note: This indicator is intended for informational purposes only and should not be construed as financial advice. Users are encouraged to conduct their own research and consider their individual risk tolerance before making trading decisions.
Pine Script® indicator
by TheWaveHunter
alsubihi.2Advanced Market Structure Indicator This custom-built indicator provides an in-depth analysis of market structure changes to help traders identify key price levels, trends, and potential reversals. It combines multiple tools to give you a clearer picture of market behavior and improve your decision-making process. Key Features: Break of Structure (BOS): The BOS indicator identifies significant changes in market structure, marking when the price breaks previous highs or lows, signaling a potential trend shift. Green lines represent upward breaks (bullish trend), while red lines show downward breaks (bearish trend). Change of Character (Choch): This feature helps to highlight subtle shifts in market dynamics. A change in character (Choch) indicates when the market transitions between bullish or bearish behavior. Green indicates a bullish character change, while red shows a bearish one. Premium vs Discount Zones: The indicator identifies price levels that are considered 'Premium' (high price levels) and 'Discount' (low price levels), assisting traders in recognizing overbought or oversold conditions and making better trading decisions based on market conditions. Support and Resistance Levels: Automatically drawn support and resistance lines are included to show critical price areas where reversals or breakouts might occur, helping traders anticipate price action. Equilibrium Zone: This is the price level where supply and demand balance out, acting as a key reference point for identifying potential market reversals or continuation. Why Use This Indicator? This all-in-one tool helps traders make informed decisions by combining multiple technical analysis concepts into a single, easy-to-use indicator. It reduces the complexity of analyzing price action and allows traders to quickly identify potential entry and exit points with greater accuracy. Whether you are an experienced trader or just starting, this indicator provides you with the essential tools needed to identify trend shifts, key support and resistance zones, and price extremes, leading to more profitable trading decisions. 14 سبتمبر ملاحظات الأخبار 📌 Summary of the Indicator Market Structure (MS): Detects swing & internal BOS, CHoCH, CHoCH+. Can color candles or bars by trend. Multi-Timeframe Scanner (MTF): Shows trend direction on multiple TFs (5m → 1W). Highs/Lows (HTF): Plots previous Day/Week/Month/Year highs & lows as liquidity levels. Order Blocks (OB): Draws volumetric order blocks, with filters (BOS/CHoCH), overlap rules, mitigation, and volume metrics. Fair Value Gaps (FVG/VI/OG): Detects price imbalances, extends them, and removes when mitigated. Accumulation/Distribution Zones: Highlights Wyckoff-style accumulation (green) or distribution (red). Equal Highs/Lows (EQH/EQL): Marks liquidity pools at equal highs or lows. Premium/Discount Bands: Splits swing range into premium, equilibrium, and discount zones. RSI & ADX: Momentum filters for overbought/oversold and trend strength. DEMA-ATR Baseline: Adaptive EMA with ATR constraints; alerts for trend shifts. Regression Channel: Auto-fits best regression length using Pearson-R, shows channel with std bands. Fibonacci Ladder: Auto plots levels 0.236 → 1.618 based on recent swing. 👉 In short: it’s a full SMC toolkit — structure + liquidity + OB/FVG + momentum filters + extra tools (fib, regression, ATR baseline). 📌 ملخص المؤشر البنية الهيكلية (Market Structure): يحدد BOS و CHoCH داخلي وسوينغ، ويقدر يلوّن الشموع حسب الاتجاه. سكانر متعدد الأطر (MTF): يعرض الاتجاه على عدة فريمات من 5m إلى 1W. هاي/لو من أطر عليا (HTF Highs/Lows): يرسم قمم وقيعان اليوم/الأسبوع/الشهر/السنة السابقة (مناطق سيولة). بلوكات الطلب/العرض (Order Blocks): يرسم بلوكات مع فلاتر (BOS/CHoCH)، خيارات تداخل، إزالة عند الكسر، ويعرض حجم التداول بداخلها. الفجوات السعرية (FVG/VI/OG): يحدد الفجوات غير المغطاة، يمددها، ويحذفها عند التغطية. مناطق التجميع/التوزيع: يوضح مناطق Wyckoff (أخضر للتجميع، أحمر للتوزيع). قمم وقيعان متساوية (EQH/EQL): يميز مناطق السيولة فوق القمم أو تحت القيعان المتساوية. مناطق Premium/Discount/Equilibrium: يقسم آخر نطاق إلى مناطق غالية (Premium)، توازن (Equilibrium)، ورخيصة (Discount). RSI و ADX: مؤشرات إضافية لقياس التشبع وقوة الاتجاه. خط DEMA-ATR: EMA متكيف مع قيود ATR، يتغير لونه حسب الاتجاه، مع تنبيهات جاهزة. قناة الانحدار (Regression): تختار أفضل طول باستخدام معامل الارتباط Pearson-R، وترسم قناة مع انحراف معياري. فيبوناتشي (Fibonacci): يرسم مستويات 0.236 حتى 1.618 حسب آخر حركة سعرية. 👉 باختصار: المؤشر هو أداة SMC متكاملة تجمع الهيكل، السيولة، البلوكات، الفجوات، والمؤشرات المساعدة.
Pine Script® indicator
by alsubihi
Oscillator CandlesticksI've always wondered why we don't use candlesticks for oscillators...then I stopped wondering and made an oscillator with candlesticks. The following oscillators are available as a proof of concept: * Consumer Channel Index (CCI) * Rate of Change (ROC) * Relative Strength Index (RSI) * Trend Strength Index (TSI) You can add a moving average to the ohlc4 value of the oscillator and choose the type of the moving average and whether it should be influenced by volume.
Pine Script® indicator
by llbot
Inside Bar Highlighter by nkChartsOverview: The Inside Candle Highlighter is a simple yet powerful TradingView indicator designed to identify inside bars (inside candles) on your chart. An inside candle is defined as a candle whose high is lower than the previous candle's high and low is higher than the previous candle's low, meaning it forms entirely within the range of the preceding candle. Inside candles are commonly interpreted by traders as periods of market consolidation or indecision and often precede breakouts or significant price moves. This indicator highlights these candles directly on your chart, making them easy to spot at a glance. Features Detects Inside Candles: Automatically identifies bars that are fully contained within the previous bar’s high-low range. Confirmed Bar Coloring: Colors the candle after it closes, ensuring no repainting occurs during formation. Style Tab Customization: Users can adjust the candle color directly from the Style tab, allowing seamless integration with your chart theme. Clean & Minimal: Only inside candles are highlighted, keeping charts uncluttered. How Traders Can Use It Identify Consolidation Zones: Quickly spot periods where the market is contracting. Prepare for Breakouts: Inside candles often signal an upcoming directional move; traders can plan entry or exit points based on breakouts from the inside candle range. Combine With Other Indicators: Use alongside trend indicators, volume tools, or support/resistance levels to enhance trade confirmation. Recommended Use Works on all timeframes — from intraday charts to daily or weekly charts. Particularly useful in price action trading, swing trading, and trend-following strategies. Ideal for traders who want a visual cue for consolidation and potential breakout areas without adding complexity to the chart. Note: This indicator only highlights inside candles. Interpretation and trading decisions are left to the user.
Pine Script® indicator
by nkCharts