█ Overview The 2B reversal pattern , also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing...
Here is an another outcome of Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of earlier library rzigzag . Here in this example, we make use of similar logic but leverage the new type and method based Zigzag system libraries to derive the indicator. 🎲 Design Overview ...
RedK EVEREX is an experimental indicator that explores "Volume Price Analysis" basic concepts and Wyckoff law "Effort versus Result" - by inspecting the relative volume (effort) and the associated (relative) price action (result) for each bar - showing the analysis as an easy to read "stacked bands" visual. From that analysis, we calculate a "Relative Rate of...
"Say Hi" to object oriented programming with Pinescript using types and methods. This is the beginning of new era of Pinescript where we are moving from isolated scripts containing indicator and strategies to whole ecosystem of Object Oriented Programming with libraries of highly reusable components. Those who are familiar with programming would have already...
PURE MORNING is a strategy written by devil_machine a student of our AlgoTrading Basic Course in Pine Script . It is the winning strategy of our Christmas Challenge 2022. This Trading System is based on the analysis of a specific type of candles called "Doji" and "Morning Doji Star" Name : Pure Morning - Candlestick Pattern Doji Strategy Author :...
This is an experimental candlestick pattern that combines pinbars and engulfing patterns as my own implementation. These signals can be used as a possible reversal points based on timeframe used or set wick size. Of course these signals should never be used on their own but rather can be used as another confluence of possible entry signal. Functional and Manual...
Hello! This script "Gaps" is a continuation and improvement on a subset indicator included in the "Quartile Volume; Volume Aggregation; US Range Bars; Gaps)" script! As advised by @thebearfib, the "Gaps" indicator is now standalone! Features Stat: Avg. Bars to Fill Up Gap Stat: Avg. Bars to Fill Down Gap Stat: Cumulative Up Gap % Increase Stat:...
The Strat Dashboard tracks up to 10 signals while highlighting common strat reversal patterns, the SSS 50% rule, timeframe continuity, and some additional criteria with VWAP and moving averages. With the strat, all price action bars/candles are simplified into 3 total possibilities: 1 (inside bar), 2 (a bar that takes the previous bar's high OR low), and 3...
Inspired by the indicator DR/IDR V1 from TheMas7er www.tradingview.com I programmed this variant myself. I have observed that the trading times RDR (Regular Daytime), ADR (Afternoon Daytime) and ODR (Overnight Daytime) can be reasonably averaged. This average then serves as a support and resistance line in the subsequent Lines Time. If the Close value falls below...
Tool to show typical pip-grade/ handle-grade sweep distance above pivot highs and pivot lows -In consolidation/ranging periods (i.e. most of the time); Highs/Lows may by swept by fairly consistent distances in typical stop raids. -Idea is from ICT teaching on typical Pip-grade sweeps in FX (10,20,30pips). Designed to work on FX, Indices, Commodities,...
This indicator will plot the weekly opening gap on the chart. The gap will be carried forward until it is closed or the max line count is reached. Additionally the 1/4 levels inside the gap are plotted on the chart as weekly gaps can be large. The weekly opening gap levels can act as targets and rejection points. Optionally the script can also carry forward...
This is a simple indicator to find the sideways market or ranging market. It is mainly focused on BTCUSD as BTCUSD doesn’t make big moves each and every candle. It makes big breakouts with one candle and then goes sideways for a longer period of time. So, this indicator identifies those big candles and plots high and lows of those big candles using lines. New...
This indicator colors the wick of a candle on any timeframe based on whether the following rules are met: A colored wick below a candle indicates that the candles low was lower than the previous candles low, and the body of the candle closed above the previous candles low. A colored wick above a candle indicates that the candles high was higher than the previous...
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of...
Stop worrying about catching the lowest price, it's almost impossible!: with this trend-following strategy and protection from bearish phases, you will know how to enter the market properly to obtain benefits in the long term. Backtesting context: 1899-11-01 to 2023-02-16 of SPX by Tvc. Commissions: 0.05% for each entry, 0.05% for each exit. Risk per trade:...
This indicator is meant for education and experimental purposes only. Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator. As I am not a expert or pro in coding...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- When you draw a horizontal line on the W top or W bottom and be waiting for roll reversal, have you ever missed it when it rebounded at the horizontal line? It is a helpful indicator to prevent such oversight. After the candle touches the horizontal line (including the touch of the leg), and then the...
Since my own style is Smart Money Concept and these days I have seen a lot of my friends who are having trouble identifying structures for their indicators and strategies. I wrote this code so they could use it in their strategy . In fact, this type of structure, as one of the strongest technical structures, can increase the success of your strategy according to...