NSDT Special High-Low CandlesThis is an interesting take on candlesticks. These special High-Low Candles do not show the Open and Close levels, so there are no wicks. However, you still see the the High and Low of the entire candle, giving you the full range.
Since this is an indicator, be sure to hide the chart candles to avoid overlap. Or choose offsetting colors to see the traditional candles under the indicator candles.
Search in scripts for "Candlestick"
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers.
Wick Reversal
When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of
a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline,
but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the
high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it
signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the
trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its
range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend.
Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend
either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and
lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself
out of value, which means responsive market participants will look to enter the market to push price back toward
an area of perceived value. This will help price find a value area for two-sided trade to take place. When the
market finds itself too far out of value, responsive market participants will sometimes enter the market with
force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks .
This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order
to capitalize on its power. Understanding the psychology behind these formations and learning to identify them
quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at
potentially overvalued or undervalued areas.
Fade (Extreme) Reversal
The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of
investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then
looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually
pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark
and put their money to work-price has been over-extended and must be pushed back toward a fair area of value
so two-sided trade can take place.
This setup works because many normal investors, or casual traders, head for the exits once their trade
begins to move sharply against them. When this happens, price becomes extremely overbought or oversold,
creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or
below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and
Vice versa.
Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short
during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the
sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying
pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward
fair value.
Engulfing (Outside) Reversal
The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have
ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then
you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand
this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters
above resistance or below support to make sure there is no new business to be done at these levels. When no
initiative buyers or sellers participate in range extension, responsive participants have all the information they
need to reverse price back toward a new area of perceived value.
As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the
prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside
follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying
pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the
beginning of a bullish advance.
If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce
mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price
to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price
of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35.
Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup
is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If
you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more
candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low,
and close prices of the bars in question to create a single composite candlestick .
Doji Reversal
The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers
and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a
bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish
nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly
not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no
longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one
candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened
by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling
pressure essentially pushes price lower, as responsive sellers take control of the market and push price back
toward fair value.
GainzAlgo Suite⭐ GainzAlgo Suite — Multi-Model Analytical Framework
GainzAlgo Suite consolidates five independently developed analytical methodologies into a single, unified framework.
Each configuration represents a distinct internal calculation model created at different stages of the project’s evolution.
The Suite provides traders with a structured way to explore multiple evaluation styles without requiring separate script publications, while ensuring legacy configurations remain intact.
All configurations share the same visual interface and non-repainting, bar-close confirmation behavior.
Their differences lie entirely in how they process market information—through sequencing, weighting, structural evaluation, volatility context modeling, and multi-layer confirmation logic.
Access instructions are available in the Author’s Notes panel.
A License Key field is included to enable the configuration assigned to each user; configurations not assigned will display a neutral “Configuration Locked” message.
📘 Why the Suite Exists (Versioning & Originality Justification)
Over the course of GainzAlgo’s development, several internal analytical frameworks were created—each using its own rule-set, evaluation sequence, and structural logic.
Publishing each model as a separate script would conflict with TradingView’s versioning guidelines.
Instead, the Suite consolidates all methodologies into one script while preserving the integrity of earlier, widely-used configurations.
This design allows traders to access multiple conceptual approaches in a single workspace and ensures each model remains available without overwriting existing tools.
The Suite is closed-source because the internal calculation logic—sequencing, weighting interactions, volatility normalization behavior, and structural confirmation processes—constitutes proprietary research developed specifically for this project.
🧠 How GainzAlgo Suite Works (General Logic)
While each configuration uses its own methodology, they all follow a structured, multi-stage evaluation pipeline:
1. Structural Pattern Evaluation
The system identifies relevant structural signals such as directional shifts, exhaustion patterns, pressure asymmetries, or micro-cycle transitions.
2. Volatility Context Modeling
Each model interprets volatility differently—through dynamic ranges, percentile comparisons, or contextual thresholds—to validate whether conditions meet its internal criteria.
3. Momentum Alignment
Momentum behavior is interpreted through slope, acceleration, mid-range transitions, and structural momentum flow depending on the configuration.
4. Directional Bias Compatibility
Trend context, structural flow, or cycle alignment is evaluated to ensure the potential signal is compatible with the broader directional environment.
5. Multi-Layer Confirmation or Threshold Evaluation
Depending on the configuration, signals appear only when the internal rule-sets or dynamic thresholds indicate a cohesive shift.
Signals are evaluated on bar close, which avoids mid-bar repainting behavior.
🔷 Standard — Structured Multi-Filter Logic
Standard uses a four-layer sequential confirmation model:
• candlestick-based reversal structure
• volatility & range validation
• momentum confirmation
• short-term trend context filtering
Each layer must agree before a signal is plotted, forming a strict conditional progression designed to reduce noise and isolate meaningful shifts.
Its design is lightweight, visually clear, and optimized for traders who prefer structured reversal confirmation.
🔷 Pro — Multi-Layer Confidence-Scoring Engine
Pro implements a confidence-scoring architecture that transforms pattern strength, volatility conditions, momentum behavior, and trend modeling into weighted numeric scores.
Key conceptual elements include:
• percentile-ranked volatility normalization
• dynamic scoring dependencies
• cycle-slope trend analysis (CSTA)
• momentum acceleration modeling (SAMSM)
• candle-structure micro-reversal evaluation (CSMRM)
A signal appears only when the combined confidence score exceeds an adaptive threshold derived from recent market conditions.
This framework represents a separate analytical category from Standard, focusing on scoring-based evaluation rather than binary confirmation.
🔷 V2 Essential — Expanded Structural Evaluation Model
V2 Essential applies a broadened structural-evaluation methodology designed to interpret slower, higher-timeframe behavioral shifts.
It uses extended condition windows, macro-level directional context, and wider structural transitions, making it suitable for traders who prefer multi-bar trend flows and broader analytical horizons.
Its sequencing prioritizes structural stability over rapid fluctuation, providing a high-level contextual interpretation of market transitions.
🔷 V2 Proficient — Balanced Adaptive Filtering Framework
V2 Proficient uses a mid-range analytical approach combining:
• adaptive structural alignment
• momentum-shift modeling
• conditional layering
• moderate-pace validation sequences
This configuration is designed to respond to medium-duration transitions by balancing reactivity with contextual filtering.
Its methodology provides versatile analytical behavior across typical intraday and multi-hour environments.
🔷 V2 Alpha — Multi-Phase Micro-Cycle Evaluation Model
V2 Alpha contains the widest internal rule-set of all configurations.
Its multi-phase evaluation process interprets:
• rapid structural shifts
• micro-cycle variations
• localized momentum surges
• high-resolution transition behavior
• dynamic condition interactions
This configuration is designed for traders who prefer detailed, fast-reacting analytical logic while maintaining bar-close confirmation and non-repainting behavior.
It does not signify superiority; it simply represents the most intricate internal methodology developed in the project.
🔒 Vendor Justification
GainzAlgo Suite’s value lies in the originality of its internal architectures:
• state-based evaluation sequences
• volatility-normalized thresholds
• multi-layer structural filtering
• dynamic scoring systems
• proprietary sequencing & weighting interactions
• conceptual models not reproducible using public indicators
Although the components (trend, volatility, momentum, structural analysis) are familiar concepts in trading literature,
the way they interact through custom decision flows, rule-sets, and evaluation phases is unique to this project and cannot be replicated through standard mashups or built-ins.
This originality justifies its invite-only nature.
📘 How to Use
1. Apply the Suite to any chart.
2. Choose the configuration you want to evaluate.
3. When enabled, signals will appear automatically at bar close.
4. Combine signals with independent analysis and risk management.
5. Use Author’s Notes to learn how to request configuration access.
⚠️ Disclaimer
GainzAlgo Suite is an analytical tool for educational purposes.
It does not guarantee accuracy or trading performance.
Users are responsible for their own trading decisions.
Rally Base Drop Signals [LuxAlgo]The Rally Base Drop indicator is built around the Supply and Demand (SND) concept known as "Rally, Base & Drop" Candles. These candle types are commonly used in this trading approach to identify price structure.
This indicator highlights bars by labeling them as "Rally," "Drop," or "Base" candles. It also identifies specific sequence patterns formed by these candles.
🔶 USAGE
The Rally, Base, Drop candlestick approach is a straightforward method for identifying price action structure.
Candles are categorized into three types, which are then analyzed to understand market structure and Supply/Demand levels.
Rally: Two or more consecutive bullish candles.
Drop: Two or more consecutive bearish candles.
Base: A single bullish or bearish candle that breaks the previous trend.
🔹 Rally & Drop Candles
These candles show clear directional momentum and signal whether demand or supply is dominating. They are helpful when identifying trends, as they highlight strong price movement.
🔹 Base Candles
In most SND strategies, "Base" can have several interpretations.
Typically, base candles represent short periods of consolidation that test the trend before continuation. They can also be found at turning points (tops or bottoms).
For this indicator, a base candle is simply one that does not follow the direction of nearby candles or is where a Drop and Rally meet. Multiple base candles often reflect indecision in the market, suggesting a temporary balance between buyers and sellers.
🔹 Reversal Sequences
Rally-Base-Drop (RBD)
Drop-Base-Rally (DBR)
In Supply and Demand analysis, these sequences are considered reversals. They mark zones where buyer and seller activity has shifted, which can lead to future price reactions. These areas are known as "Supply or Demand Zones" and are often revisited by price, making them useful for trade setups.
🔹 Continuation Sequences
Rally-Base-Rally (RBR)
Drop-Base-Drop (DBD)
Continuation sequences show a brief pause in the trend, followed by further movement in the same direction. In SND terms, they represent zones where orders accumulate before a continuation move. These are typically used to join ongoing trends, as they indicate sustained interest from buyers or sellers.
🔶 DETAILS
🔹 Color Modes
The script includes three color modes. "No Color" is self-explanatory, while the other two options relate to how candles are detected.
A Rally or Drop requires at least two candles to be successfully identified. As a result, detection occurs on the second candle. However, the full Rally or Drop includes both candles.
Two coloring methods are available:
Full Color: Once a Rally or Drop is detected (on the second bar), both candles are colored, starting from the first. This reflects the full pattern.
Color on Detection: Only the second candle (where detection occurs) is colored. This avoids changing past bars and may be useful for live analysis.
🔶 SETTINGS
Sequences: Select which sequences to display on the chart.
Bar Color Logic: Choose the preferred bar coloring method.
Candle Reversal Matrix TFFCandle Reversal Matrix TFF
This "Engulfing + Shooting Star + Evening Star + Hanging Man + Dark Cloud Cover" indicator is a comprehensive candlestick pattern scanner designed to identify key bearish and bullish reversal signals on your TradingView charts.
Key Features:
Bullish Engulfing: Detects strong bullish reversals where a green candle fully engulfs the previous red candle, signaling potential upward momentum.
Bearish Engulfing: Flags bearish reversals where a red candle engulfs the prior green candle, indicating possible downtrend beginnings.
Shooting Star: Identifies candles with a small body near the low and a long upper wick, commonly marking a bearish reversal after an uptrend.
Evening Star: Detects a three-candle bearish reversal pattern characterized by a large green candle, followed by a small indecisive candle, and a strong red candle closing well into the first candle’s body.
Hanging Man: Spots small-bodied candles with long lower shadows after an uptrend, warning of potential bearish reversals.
Dark Cloud Cover: Recognizes a two-candle bearish reversal where a red candle gaps above and closes below the midpoint of the previous green candle.
Visual Cues:
Each pattern is marked on the chart with distinct colored shapes and labels for easy identification:
Green arrows and labels for bullish signals
Red, orange, purple, yellow, and maroon shapes for bearish patterns, each with unique symbols (↓, ☆, EV, HM, DC)
Engulfing Sweeps - Milana TradesEngulfing Sweeps
The Engulfing Sweeps Candle is a candlestick pattern that:
1)Takes liquidity from the previous candle’s high or low.
2)Fully engulfs previous candles upon closing.
3)Indicates strong buying or selling pressure.
4)Helps determine the bias of the next candle.
Logic Behind Engulfing Sweeps
If you analyze this candle on a lower timeframe, you’ll often see popular models like PO3 (Power of Three) or AMD (Accumulation – Manipulation – Distribution).
Once the candle closes, the goal is to enter a position on the retracement of the distribution phase.
How to Use Engulfing Sweeps?
Recommended Timeframes:
4H, Daily, Weekly – these levels hold significant liquidity.
Personally, I prefer 4H, as it provides a solid view of mid-term market moves.
Step1 - Identify Engulfing Sweep Candle
Step 2-Switch to a lower timeframe (15m or 5m).And you task identify optimal trade entry
Look for an entry pattern based on:
FVG (Fair Value Gap)
OB (Order Block)
FIB levels (0/0.25/0.5/ 0.75/ 1)
Wait for confirmation and take the trade.
Automating with TradingView Alerts
To avoid missing the pattern, you can set up alerts using a custom script. Once the pattern forms, TradingView will notify you so you can analyze the chart and take action. This approch helps me be more freedom
Doji Double Top & Double Bottom
FUNCTION :
This indicator checks if 2 consecutive candlesticks are formed in such a way that both the lows or both the highs of the consecutive candlesticks are almost at the same level and either of them is a doji
TIMEFRAMES :
it works on daily, weekly, monthly and higher timeframes
CRITERIA :
There is maximum difference value between 2 consecutive candlesticks' lows or 2 consecutive candlesticks' highs
Minimum value of the doji's wick size
Maximum value of the doji's body size
These 3 conditions need to be fulfilled for the 2 consecutive candlesticks to be considered as a Double top or Double bottom by this indicator
EXAMPLES :
Here the indicator is giving only double Bottom signals on CRUDE OIL chart
Here the indicator is giving only double top signals on GOLD chart
Here the indicator gives both double top & double bottom signals on EUR/USD Daily chart
Here the indicator is giving both double top & double bottom signals on EUR/USD Half-Yearly chart
DEFINITIONS :
There are 2 types -
DOJI DOUBLE BOTTOM - if the lows of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Bottom and market is supposed to go higher after forming it.
DOJI DOUBLE TOP - if the highs of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Top and market is supposed to go lower after forming it.
SETTINGS :
There are options to change the value of each of the 3 parameters within the indicator's settings for daily, weekly & monthly chart [
LIMITATIONS :
You should not trade based on the signals from this indicator solely, you should check other parameters too before making trading decision
Candle Patterns with Volume ValidationHey Guys !
█ This indicator shows validated Hammer and Shooting Star candle patterns based on volume.
This indicator identifies Hammer and Shooting Star patterns and validates them using volume analysis.
Hammer and Shooting Star patterns are candlestick patterns that signal potential reversals in the market.
█ Usages:
A hammer is formed when in a session, the price has fallen, only to reverse and recover to close back near the opening price. This is a sign of strength with the selling having been absorbed in sufficient strength for the buyers to overwhelm the sellers, allowing the market to recover. The hammer is so called as it is ‘hammering out a bottom’, and just like the shooting star, is immensely powerful when combined with Volume Price Analysis (VPA).
The shooting star is a bearish reversal pattern that appears at the top of uptrends. It signifies that prices have peaked and a downward reversal is likely. The presence of high volume strengthens this signal, indicating that the insiders are offloading their positions.
When combined with volume analysis, these patterns become powerful signals. The volume provides context to the price action, helping traders confirm the validity of the pattern. For example, a hammer with high volume suggests strong buying interest, whereas a shooting star with high volume indicates strong selling pressure.
█ Features:
• Detects Hammer and Shooting Star patterns.
• Validates patterns with volume thresholds.
• Color codes patterns based on volume validation.
• Allows customization of volume thresholds and pattern criteria.
• Option to show or hide signals.
█ Parameters:
• Volume Average Period: The period used to calculate the average volume.
• Higher Volume Multiplier: Multiplier to define higher volume threshold.
• Much Higher Volume Multiplier: Multiplier to define much higher volume threshold.
• Enormous Volume Multiplier: Multiplier to define enormous volume threshold.
• Body/Shadow Ratio for Hammer and Shooting Star: Ratio of body to shadow for pattern validation.
• Upper Shadow Limit for Hammer: Upper shadow limit for Hammer pattern.
• Lower Shadow Limit for Shooting Star: Lower shadow limit for Shooting Star pattern.
• Show Hammer Signals: Display signals for Hammer patterns.
• Show Shooting Star Signals: Display signals for Shooting Star patterns.
Enjoy !
Engulfing Pattern Alerts By PropFirm AlgoWe have now decided to make this indicator to support the trading community! If you find yourself struggling to identify bullish engulfing and bearish engulfing candles, this one is for you.
Release Notes:
Initial release with robust detection of bullish and bearish engulfing patterns.
Added trend and volume filters for enhanced pattern accuracy.
Custom alerts for real-time notifications of potential trading opportunities.
Appendix 1 - Example Case of Use For Educational Study.
Appendix 2 - Technical description which focuses on explaining the functionality of the script, how the code works, and how it can be used by traders, providing further immediate insight value.
Appendix 1:
This indicator will provide you with Two types Bullish and Bearish Engulfing Alerts.
The Regular Bullish and Bearish Engulfing Candle's Shown As
Bullish Engulfing ︽
Bearish Engulfing ︾
And the Filtered Bullish and Bearish Engulfing Candle Shown As
Filtered Bullish Engulfing ⇡
Filtered Bearish Engulfing ⇣
You can also change the Alert Symbol to any text, symbol or emoji of choice in the Setting Style Panel . This allows you to customize the alert symbol style to your liking, Example....
Using the power of artificial intelligence, we coded this indicator based on technical descriptions to perfect this simple problem.
Use this tool together with different strategies as a confirmation to your trading bias.
Use Supply and Demand Zones together with the Engulfing Pattern Alerts
First, Verify if the bullish engulfing candle is at the end of a dying trend.
Secondly, Check if it’s at a major 1-hour, 4-hour, or daily support and resistance zone.
Then wait for the retest, then enter a position.
DON’T USE THE ENGULFING ALERT AS A POINT OF ENTRY, OR WHILE MARKETS ARE CONSOLIDATING nor in the middle of an active trend.
Now for the second most used method:
Use The Fibonacci together with the Engulfing Pattern Alerts
First, Identify an impulse candle that creates a new trend in the market.
Then Draw out your Fibonacci tool from the start of the candle to the end of the impulse leg where rejection is shown.
Wait for the price to retrace to the 61.8 retracement and use the engulfing candle as a second confirmation.
And lastly, wait for the price to retest the fib level showing signs of rejection, then enter.
Appendix 2:
Technical Description:
The "Engulfing Pattern Alerts By PropFirm Algo" script is a sophisticated tool designed to identify and alert traders of potential bullish and bearish engulfing patterns in the market, enhanced by trend and volume filters for improved accuracy. This script helps traders spot potential trend reversals by analyzing candlestick patterns in conjunction with volume data and moving averages.
Key Features:
Bullish Engulfing Pattern Detection: Identifies when a smaller bearish candle is followed by a larger bullish candle, indicating potential upward price movement.
Bearish Engulfing Pattern Detection: Identifies when a smaller bullish candle is followed by a larger bearish candle, indicating potential downward price movement.
Volume Filter: Enhances pattern reliability by ensuring the identified pattern is accompanied by a significant volume increase.
Trend Filter: Utilizes Simple Moving Averages (SMA) to filter patterns based on the prevailing market trend, reducing false signals on the "Filtered Engulfing Alerts" Setting.
Custom Alerts: Configurable alerts for both bullish and bearish engulfing patterns, allowing traders to stay informed in real-time.
How It Works:
Bullish Engulfing Pattern:
Detected when the body of the current candle completely engulfs the body of the previous candle.
Confirmed if the current candle closes higher than it opens, and the previous candle closes lower than it opens.
Volume on the current candle must be greater than the previous candle.
Bearish Engulfing Pattern:
Detected when the body of the current candle completely engulfs the body of the previous candle.
Confirmed if the current candle closes lower than it opens, and the previous candle closes higher than it opens.
Volume on the current candle must be greater than the previous candle.
Trend Filter:
Uses moving averages to determine the market trend.
Bullish patterns are only considered in downtrends.
Bearish patterns are only considered in uptrends.
Alerts:
Alerts can be set up for both bullish and bearish patterns, ensuring you are notified when significant market movements are detected.
How to Use:
Add the script to your chart.
Configure the alert settings according to your trading preferences.
Monitor your chart for plotted symbols indicating potential bullish (︽) and bearish (︾) engulfing patterns.
Utilize the alert conditions to get notified when these patterns occur.
TradeDots - Buy Sell SignalsThe TradeDots Buy Sell Indicator is a sophisticated multi-strategy analytics tool designed to discern market direction and identify potential trading opportunities.
The TradeDots indicator utilizes a trend-following strategy that initially identifies the long-term market trend, whether bullish or bearish, at a macro level. It then zooms in on pullback and reversal price action patterns within this broader trend. These patterns are confirmed by a micro-level candlestick analysis, which leads to the issuance of a "buy" alert. This process ensures both macro and micro elements of the market are considered before entering a trade.
How Does It Work?
In more detail, the procedure begins at the macro level where the advanced indicator applies an Exponential Moving Average (EMA) within the current timeframe. This EMA is then cross-verified with another EMA of the same length from a higher timeframe, ensuring a reliable assessment of long-term market trends. This approach helps establish whether the market situation favors long or short positions.
Following this, a complex mathematical model uses a designated window of candlesticks to calculate price action changes, storing all significant reversal patterns for subsequent comparison. The algorithm then identifies similar repeated reversal patterns in the chart, pinpointing potential market turning points.
For precision and reliability, the confirmation of these reversal patterns involves further refinement and filtering at a micro level. By calculating market momentum in tandem with an exhaustive analysis, e.g. Average True Value (ATR), candlestick body and wick data, the algorithm can affirm the reversal. Finally, the buy or sell signals are plotted on the chart in real-time.
The indicator includes 4 distinct entry strategies for both "Long" and "Short" orders. Each strategy represents different levels of rigorousness in their analysis rules. For instance, a "Weak Buy" signal represents a lighter pullback strength compared to a "Strong Buy" signal, with "Reversal Buy" exhibiting the robust pullback strength based on the change in price action value.
Each type of order comes with its minimum threshold and conditions for profit-taking to prevent excessive trading activity that could lead to high commission costs. Once these conditions are met and coupled with a reversal signal — generated with the same concepts as mentioned earlier but in the opposite direction — a sell signal is then triggered in real time. It's a systematic process that ensures an optimal balance between timely entries and exits in the market.
Generating Trading Ideas Catering To Traders Of All Kinds
TradeDots Buy Sell Indicator includes multiple strategies and many features:
4+ Types of Trading Alerts: Strong, Weak, Reversal, and Breakout for different market conditions (Should not be followed blindly).
2+ Trading Styles: Buy and Hold, Swing Trading (Should not be followed blindly).
Facilitates both "Long" and "Short" trades.
+ more. (Check the changelog below for current features)
HOW TO USE
⭐️ TRADING STRATEGY
Buy and Hold: An approach suitable for long-term investments or as an alternative to a dollar-cost averaging strategy by identifying only the undervalued positions in markets with long-term growth potential like stocks and indices.
Note: This strategy does not provide an exit strategy.
Swing Trading: This method targets buying low and selling high, adapted for traders looking to make the most of short to mid-term market volatility.
⭐️ ORDER DIRECTION
Order direction is for “Swing trading” strategy and other strategies that comes with an exit strategy. It is to choose the direction of the market that you wish to place your order on.
Long: Primarily targeting markets that exhibit a left-skewed trend (more often it rises than falls), this strategy focuses on "long" trading opportunities, avoiding "short" market actions.
Short: Apt for markets displaying a right-skewed trend (more often it falls than rises), this approach targets "short" opportunities exclusively, refraining from "long" market actions.
Long and Short: This comprehensive strategy identifies trading opportunities for both "long" and "short" market actions, facilitating increased opportunities for volatile assets.
⭐️ ALERT TYPES
Strong: These alerts designate high risk/reward return opportunities with a reasonable win rate. They tend to appear near previous support pivots where a Change in Character (CoCh) may often occur, typically coupled with a tight stop-loss strategy.
Weak: Indicative of opportunities balancing risk/reward return and win-rate, these alerts often appear during strong momentum markets.
Reversal: These signals identify potential reversals by highlighting extreme oversold or overbought states, thus revealing markets that are underpriced or overpriced for swift trading actions.
Breakout: They are to identify a change in trend and market breakout by gaps created post earnings or significant economic events, purposed for "Buy high, sell higher" strategies.
⭐️ STOP LOSS
The stop-loss feature offers customization options, enabling users to close a position upon reaching a predefined percentage drawdown. As volatility varies across different timeframes and markets, tuning this feature in accordance with the market allows optimal usage of this indicator.
CONCLUSION
While technical indicators are certainly vital in trading analysis, they are just one part of the equation. The individual trader's style and mindset significantly influence their trading outcomes, making them equally crucial in the process. Therefore, relying solely on indicators for a successful trading outcome may not be the most effective strategy.
Understanding and leveraging these indicators requires substantial time and significant effort from traders. They need to deeply engage with these tools to truly grasp their behavior and functionality. Taking this into consideration, our aim is to create highly advanced, customizable, and user-friendly technical indicators. This tool is designed to illuminate the fundamental role that technical indicators play as a supportive decision-making apparatus, aiding traders to more swiftly embark on their journey towards successful trading.
See Author's instructions below to get instant access to this indicator.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Directional Bias [AlgoAlpha]The Directional Bias indicator is a premium script expertly crafted to enhance market trend visualization on trading charts. This sophisticated tool is designed to intuitively indicate the market's directional bias, aiding traders in making informed decisions on lower time frames.
Highlighted Features:
Intuitive Trend Visualization: The script employs a color-coded system for candles, simplifying the process of trend identification
Customizable Aesthetics: Users have the option to personalize the visual elements, including candle colors, to suit their preferences and enhance chart readability.
Advanced Logic: The script is built on a proprietary algorithm that analyzes candlestick patterns to determine the current trend direction.
Key Benefits:
Enhanced Decision Making: By offering a clear depiction of the market's directional bias, the indicator assists traders in making more informed entry and exit decisions, particularly suited for quick decision-making on lower timeframes.
Adaptability to Market Conditions: The script dynamically adjusts to changing market conditions, providing relevant and timely indications of trend changes or continuations.
Versatile Application: Suitable for various trading styles, the indicator can be effectively used in day trading, scalping, or even in longer-term trading strategies, depending on the timeframe selected.
Summary:
The "Directional Bias" indicator stands out as a vital tool for traders focusing on lower timeframes, offering an intuitive, customizable, and dynamic approach to trend visualization. Its advanced proprietary logic and user-friendly interface make it a valuable asset in a trader's toolkit, enhancing the ability to quickly interpret and react to market movements.
Liquidity Hunter [ChartPrime]The Liquidity Hunter helps traders identify areas in the market where reversals may occur by analyzing candle formations and structures.
█ Wick-to-Body Analysis:
The Liquidity Hunter analyses each candlestick to identify those with distinctive wick-to-body ratios. By focusing on candles with significant wick imbalances, it can reveal potential liquidity absorption zones that may influence market behavior. Users can fine-tune this ratio to their preferences through customizable body% and wick% inputs, allowing for tailored analysis.
█ Body Size Significance:
To ensure the relevance and impact of its findings, this indicator evaluates the size of the candle body.
Only candles with bodies meeting a certain size threshold are considered, eliminating noise and highlighting candles of significance.
█ Dynamic Target Setting:
The Liquidity Hunter employs the Average True Range (ATR) as a foundation for target calculation. Users can adjust their trading targets by specifying a multiplier, offering flexibility in capturing potential profit or managing risk. Customizable target inputs ensure adaptability to your trading strategy.
█ Stop Loss Protection:
In addition to setting your profit targets, the Liquidity Hunter incorporates stop loss levels, safeguarding your investments from excessive risk. By implementing a well-balanced risk-reward ratio, users may be better at navigating market fluctuations.
█ Market Character Labels:
The Liquidity Hunter Indicator goes beyond basic analysis by detecting changes in market character. It identifies shifts in sentiment providing traders with invaluable insights into evolving market conditions.
█ Candle Color Highlighting:
To enhance user-friendliness and visualization, the indicator employs distinctive candle colors between trades. These color cues help you easily spot and interpret trading opportunities, drawing your attention to potential entry and exit points.
Overall this indicator is designed to help simplify liquidity analysis and give visual targets in a market.
PERFECT ENGULFING Candlestick Patterns by AnmolWill add some more patterns and conditions in it in future, for now its for detecting PERFECT Engulfings only.
Use these Engulfing to take a trade when it get detected on support/resistance
MTF Smart Money ConceptsOverview
This indicator displays major elements of Smart Money Concepts and price action trading with multi-timeframes(MTF) and layered market structures with color visualization.
What is Smart Money Concepts?
Smart Money Concepts(SMC) is one of the methodologies to interpret how financial market moves and to analyze it and execute trades, focusing on liquidity and order flow of financial institutions.
Smart money means the funds invested by large financial institutions such as banks, institutional traders/investors, market makers, hedge funds etc. contrary to retail traders/investors' money.
It is important to note that there is no proof or evidence that those institutions move the market as described in Smart Money Concepts.
Personally speaking, it is one of the interpretation of the market and another angle to view the market just like other technical analysis methodologies such as Elliott Wave Principle, Gann Theory, Wyckoff Method and even traditional price action trading.
Importance of MTF Analysis
MTF analysis(a.k.a Topdown analysis) is the foundation to technically analyze charts and the most fundamental skill in trading because lower timeframes are always influenced by upper timeframes where large financial institutions operate.
How to use
This indicator is designed to help traders analyze how the market moves in terms of SMC and price action with multi-timeframes and color visualization of the market structures, which makes this indicator unique and different from other indicators.
There is two key settings that you can use based on your trading style.
1.Upper timeframe selection
You have two options to determine upper timeframe; Auto mode and Manual mode.
When Auto mode selected, upper timeframe will be determined based on chart timeframe as follows.
Chart timeframe => Upper timeframe
1M=>15M
5M/15M=>1H
30M/1H=>4H
4H=>D
D=>W
W=>M
If you select Manual mode, you can fix an upper timeframe.
2.High/low settings
This affects all other settings of the indicator and most importantly designs the market structure.
This is the key setting to determine how you view the market as price action trading is all about highs and lows and story of how highs and lows have been created with the market structure.
You can specify left bars and right bars to identify swing highs/lows and these highs/lows become the basis to design the market structure and determine how SMC elements are displayed.
Example:
Left bar&right bar: 10
You can see bigger wave(magenta line) in the market structure(stepped line).
(Magenta line is a drawn object by manual)
Left bar&right bar: 4
With this setting, you can see smaller wave in the market structure.
Since market moves like wave as there is a lot of wave theories in financial investment/trading industry such as Elliott wave, Wolf wave etc., users can define market structure with this setting depending on what degree of wave they aim to trade.
Functions:
MTF Order Block
Concept
Order block is a block of orders where buying orders and selling orders are accumulated. Order blocks are created when the institutions move the market up and down, temporality placing orders in an opposite direction to the way they want to move, in order to match their own orders with counter-orders.
Visualization by the indicator
The indicator displays both chart timeframe's order blocks and upper timeframe's order blocks(MTF).
You can also select from two options how to display order blocks;
1. Show all order blocks
2. Show strong order blocks only
Note: Strong order blocks mean order blocks created at strong highs/lows. See also strong high/low below.
Alerts can be set when prices reach strong order blocks.
MTF Fair Value Gap(FVG)/Imbalance
Concept
Fair Value Gap(FVG)(Imbalance) is a void generated among three consecutive candlesticks.
FVG(s) is created when the market moves so rapidly generating buy side or sell side order imbalances.
FVG(s) is characterized by price action that prices tend to come back to the area where FVG(s) exists, filling in the space among the candlesticks.
Visualization by the indicator
The indicator displays both chart timeframe's FVG and upper timeframe's FVG.
MTF Liquidity Grab
Concept
Liquidity grab is price action to sweep liquidity for the institutions to move the market.
This price action often happens because the size of their orders is so huge and they need a bunch of counter-orders to match their orders. This is why prices sometimes come to areas where liquidity rest and swipe them before the market goes up/down.
Liquidity visualization
Where does liquidity rest?
The answer is above highs(buy side liquidity) and below lows(sell side liquidity).
Among all highs and lows, swing highs and lows are where liquidity is accumulated the most because swing highs and lows can be created only by the institutions, therefore massive liquidity is indicated.
Visualization by the indicator
The indicator displays liquidity dots so that users can easily identify where liquidity rests and liquidity grab of both a chart timeframe and an upper timeframe.
Alerts can be set when liquidity grab happens.
MTF Strong High/Low
Concept
Strong high/low literally means strong highs and lows among all highs and lows including swing highs and lows.
There is a few different definitions of strong high/low in price action trading and the definition in this indicator is as follows.
Strong high
A high that that breaks higher low or lower low
Strong low
A low that breaks lower high or higher high
Visualization by the indicator
The indicator displays strong highs and lows of both a chart timeframe and an upper timeframe.
MTF Market Structure Visualization
Concept
Market structure is a series of price movement with highs and lows which outlines the way the market directs. It is a basis to see trend occurrence, trend reversal and sideways and analyzing the market structures in multi-timeframes is the most fundamental technical skill in trading/investment.
Visualization by the indicator
The indicator displays market structures of both a chart timeframe and an upper timeframe and provide color visualization depending on bullish and bearish market structures.
The definition of bullish and bearish market structure is as follows.
Bullish market structure
When a price breaks a Lower High or Higher High
Bearish market structure
When a price breaks a Higher Low or Lower Low
Settings
All the functions above, colors and line settings are parameterized and can be turned on/off depending on users’ needs.
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概要
Smart Money Concepts(SMC)およびプライスアクショントレードにおける重要な要素をマルチタイムフレームで表示することのできるインジケーターです。
相場構造(Market structure)をマルチタイムフレームで表示し、相場構造の強弱を色で可視化することができます。
Smart Money Concepts(スマートマネーコンセプト)とは？
Smart Money Concepts(以下SMC) は金融市場がどのように動くかを解釈し、分析し、取引を執行するための相場理論の一つであり、Liquidity(リクイディティ)および機関投資家のオーダーフロー(注文の流れ)に焦点を置いていることが特徴です。
Smart Money(スマートマネー)とは、銀行や機関投資家、マーケットメーカー、ヘッジファンドといった金融機関が動かす資金を意味し、個人投資家の資金と対をなす概念です。
重要な点は、実際に上記の金融機関がSmart Money Conceptsで語られているような相場の動かし方をしているかどうかを証明する明確なエビデンスはないということです。
個人的には、エリオット波動理論やギャン理論、ワイコフ理論、伝統的なプライスアクショントレーディングの方法論と同様に、マーケットの動きを解釈するための一つの方法論であり、マーケットの動きを別の角度から見る枠組みと捉えています。
マルチタイムフレーム(MTF)分析の重要性
MTF分析はチャートをテクニカルに分析する上での基礎であり、トレードにおいて最も重要なスキルです。なぜなら下位のタイムフレームは上記のような金融機関が資金運用を行う上位のタイムフレームの影響を常に受けるためです。
使い方
このインジケーターは、SMCまたはプライスアクショントレードの観点から、トレーダーがマーケットをマルチタイムフレームで分析することを支援するために開発しています。
相場構造(Market structure/マーケットストラクチャー)を方向性に応じて色で可視化することができるため、視覚的に相場の構造を判断できることがこのインジケータのユニークな点であり、他のインジケーターと異なる点です。
ユーザーのトレードスタイルに応じて、以下の二つの設定を行うことができます。
1.上位足の決定方法
ユーザーは上位足のタイムフレームを決定するにあたり、AutoモードとManualモードを選択することができます。
Autoモードを選択した場合、上位足はチャートのタイムフレームに応じて以下のように決定されます。
チャートタイムフレーム => 上位足タイムフレーム
1M=>15M
5M/15M=>1H
30M/1H=>4H
4H=>D
D=>W
W=>M
Manualモードを選択すると上位足のタイムフレームを固定することができます。
2.High/low(高値/安値) 設定
当設定はインジケーターの他の全ての機能に影響し、また最も重要である相場構造の定義に影響します。
当設定はユーザーがマーケットをどのように見るか(=どの程度の粒度)を決定する重要な設定です。なぜならプライスアクショントレードは、高値、安値とそれらが相場構造をどのように構築してきたかの一連の流れを分析することが全てだからです。
ユーザーは相場構造を決定付けるスイングハイ·スイングローを特定するためのバーの本数を設定することができます。ここで設定した内容が、相場構造を定義し、以下で説明するSMCの要素の表示を決定することになります。
例:
Left bar&right bar(左右のバーの数): 10
この場合、ステップラインで示した相場構造の中に大きな波(マゼンタの波)を見ることができます。
(マゼンタのラインは手動で描いたオブジェクト)
Left bar&right bar: 4
この設定では、上記に比べて小さい波を描いていることが確認できます。
相場理論の中にエリオット波動理論やウォルフ波動といった数多くの波動理論があることからわかるように、相場は波として動きます。どの粒度の波を狙うかというトレーダーのスタイルに応じて、設定を変更することができます。
機能
MTFオーダーブロック
コンセプト
オーダーブロックとは買い注文と売り注文が一連となって蓄積されたオーダー(注文)のブロックのことです。
オーダーブロックは機関投資家が相場を動かす際に、本来意図する方向とは一時的に逆に動かすことで、彼ら自身の注文をマッチングさせるための反対注文を発生させることで形成されます。
インジケーターによる表示
インジケーターはチャートタイムフレームのオーダーブロックと上位足のオーダーブロックの両方を表示することができます。
また、オーダーブロックの表示オプションとして、
1.全てのオーダーブロックを表示
2.Strong(ストロング)オーダーブロックのみを表示
を選択することが可能です。
注: StrongオーダーブロックはStrong High/Lowで形成されるオーダーブロックを指します。(下記参照)
また、オーダーブロック到達でのアラート設定も可能です。
MTFフェアーバリューギャップ(FVG)/インバランス
コンセプト
フェアーバリューギャップ(FVG)/インバランスとは連続する3つのローソク足の間に形成される溝(Gap)のことです。
フェアーバリューギャップはマーケットが非常に早く動いたことにより、買いオーダーと売りオーダーの需給バランスが崩れることによって発生します。
フェアーバリューギャップには、価格がフェアーバリューギャップが発生したエリアまで戻ってくる傾向があるという特徴が存在します。
インジケーターによる表示
インジケーターはチャートタイムフレームのフェアーバリューギャップと上位足のフェアーバリューギャップの両方を表示することができます。
MTF Liquidity Grab(リクイディティ·グラブ)
コンセプト
Liquidity(リクイディティ)とはマネー、つまり注文です。
Liquidity Grab(リクイディティ·グラブ)とは、機関投資家がマーケットを動かす際にLiquidityを取得するプライスアクションのことを指します。
このプライスアクションは、機関投資家が処理する注文サイズが非常に大きいため、自身の注文を出す際に大量の反対注文を必要とすることからしばしば発生します。
これが、価格がLiquidity(注文)の集まっているエリアに接近し、それら注文をスワイプ(狩り取る)した後に上昇·下落する理由です。
Liquidityの可視化
一般的にLiquidityは高値の上(buy side liquidity)、安値の下(sell side liquidity)に存在します。
全ての高値·安値の中で、スイングハイ·ローがliquidityが最も蓄積されているエリアということができます。なぜならスイングハイ·ローは機関投資家の注文によってのみ形成されるからです。
インジケーターによる表示
ユーザーがLiquidityポイントを簡単に識別できるようにLiquidityをドット表示することが可能です。またチャートタイムフレームと上位足の両方のLiquidity Grabを表示することができます。
Liquidity Grab発生時にアラートも設定可能です。
MTF Strong High/Low(ストロングハイ·ロー)
コンセプト
Strong high/lowは文字通り、強い高値·安値のことを指します。
トレーダーの間でいくつかの異なる定義が存在しますが、当インジケーターでの定義は以下の通りです。
Strong high
Higher low(ハイアーロー) または Lower low(ロワーロー)をブレイクした高値
Strong low
Lower higher (ロワーハイ) または Higher High(ハイアーハイ)をブレイクした安値
インジケーターによる表示
チャートタイムフレーム、上位足のStrong High/Lowを表示することが可能です。
相場構造可視化
コンセプト
相場構造(Market structure/マーケットストラクチャー)とは、相場の流れを成り立たせる高値と安値を元にした一連の値動きです。建物における骨組みに該当します。
トレンドの発生、転換、レンジを見極めるための基礎であり、マルチタイムフレームで相場構造を分析することは、投資·トレードにおいて最も重要なテクニカルスキルです。
インジケーターによる表示
チャートタイムフレームと上位足タイムフレーム両方の相場構造を表示することができます。
また、相場構造が強気の状態か弱気の状態かを色で可視化するため、上位足含めた相場の流れを視覚的に判断することが可能です。
相場構造の強弱の定義は以下の通りです。
強気の相場構造(Bullish market structure)
価格がLower HighまたはHigher Highをブレイクしたとき
弱気の相場構造(Bearish market structure)
価格がHigher LowまたはLower Lowをブレイクしたとき
設定
上記の全ての機能は色やライン設定含めパラメーターで設定が可能です。またユーザの必要に応じて表示·非表示を切り替えることができます。
Sniffer
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┃╭━╮┃╱╱╱╱┃╭╯┃╭╯
┃╰━━┳━╮╭┳╯╰┳╯╰┳━━┳━╮
╰━━╮┃╭╮╋╋╮╭┻╮╭┫┃━┫╭╯
┃╰━╯┃┃┃┃┃┃┃╱┃┃┃┃━┫┃
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Overview
A vast majority of modern data analysis & modelling techniques rely upon the idea of hidden patterns, wether it is some type of visualisation tool or some form of a complex machine learning algorithm, the one thing that they have in common is the belief, that patterns tell us what’s hidden behind plain numbers. The same philosophy has been adopted by many traders & investors worldwide, there’s an entire school of thought that operates purely based on chart patterns. This is where Sniffer comes in, it is a tool designed to simplify & quantify the job of pattern recognition on any given price chart, by combining various factors & techniques that generate high-quality results.
This tool analyses bars selected by the user, and highlights bar clusters on the chart that exhibit similar behaviour across multiple dimensions. It can detect a single candle pattern like hammers or dojis, or it can handle multiple candles like morning/evening stars or double tops/bottoms, and many more. In fact, the tool is completely independent of such specific candle formations, instead, it works on the idea of vector similarity and generates a degree of similarity for every single combination of candles. Only the top-n matches are highlighted, users get to choose which patterns they want to analyse and to what degree, by customising the feature-space.
Background
In the world of trading, a common use-case is to scan a price chart for some specific candlestick formations & price structures, and then the chart is further analysed in reference to these events. Traders are often trying to answer questions like, when was the last time price showed similar behaviour, what are the instances similar to what price is doing right now, what happens when price forms a pattern like this, what were some of other indicators doing when this happened last(RSI, CCI, ADX etc), and many other abstract ideas to have a stronger confluence or to confirm a bias.Having such a context can be vital in making better informed decisions, but doing this manually on a chart that has thousands of candles can have many disadvantages. It’s tedious, human errors are rather likely, and even if it’s done with pin-point accuracy, chances are that we’ll miss out on many pieces of information. This is the thought that gave birth to Sniffer .
Sniffer tries to provide a general solution for pattern-based analysis by deploying vector-similarity computation techniques, that cover the full-breadth of a price chart and generate a list of top-n matches based on the criteria selected by the user. Most of these techniques come from the data science space, where vector similarity is often implemented to solve classification & clustering problems. Sniffer uses same principles of vector comparison, and computes a degree of similarity for every single candle formation within the selected range, and as a result generates a similarity matrix that captures how similar or dissimilar a set of candles is to the input set selected by the user.
How It Works
A brief overview of how the tool is implemented:
- Every bar is processed, and a set of features are mapped to it.
- Bars selected by the user are captured, and saved for later use.
- Once the all the bars have been processed, candles are back-tracked and degree of similarity is computed for every single bar(max-limit is 5000 bars).
- Degree of similarity is computed by comparing attributes like price range, candle breadth & volume etc.
- Similarity matrix is sorted and top-n results are highlighted on the chart through boxes of different colors.
A brief overview of the features space for bars:
- Range: Difference between high & low
- Body: Difference between close & open
- Volume: Traded volume for that candle
- Head: Upper wick for green candles & lower wick for red candles
- Tail: Lower wick for green candles & upper wick for red candles
- BTR: Body to Range ratio
- HTR: Head to Range ratio
- TTR: Tail to Range ratio
- HTB: Head to Body ratio
- TTB: Tail to Body ratio
- ROC: Rate of change for HL2 for four different periods
- RSI: Relative Strength Index
- CCI: Commodity Channel Index
- Stochastic: Stochastic Index
- ADX: DMI+, DMI- & ADX
A brief overview of how degree of similarity is calculated:
- Each bar set is compared to the inout bar set within the selected feature space
- Features are represented as vectors, and distance between the vectors is calculated
- Shorter the distance, greater the similarity
- Different distance calculation methods are available to choose from, such as Cosine, Euclidean, Lorentzian, Manhattan, & Pearson
- Each method is likely to generate slightly different results, users are expected to select the method & the feature space that best fits their use-case
How To Use It
- Usage of this tool is relatively straightforward, users can add this indicator to their chart and similar clusters will be highlighted automatically
- Users need to select a time range that will be treated as input, and bars within that range become the input formation for similarity calculations
- Boxes will be draw around the clusters that fit the matching criteria
- Boxes are color-coded, green color boxes represent the top one-third of the top-n matches, yellow boxes represent the middle third, red boxes are for bottom third, and white box represents user-input
- Boxes colors will be adjusted as you adjust input parameters, such as number of matches or look-back period
User Settings
Users can configure the following options:
- Select the time-range to set input bars
- Select the look-back period, number of candles to backtrack for similarity search
- Select the number of top-n matches to show on the chart
- Select the method for similarity calculation
- Adjust the feature space, this enables addition of custom features, such as pattern recognition, technical indicators, rate of change etc
- Toggle verbosity, shows degree of similarity as a percentage value inside the box
Top Features
- Pattern Agnostic: Designed to work with variable number of candles & complex patterns
- Customisable Feature Space: Users get to add custom features to each bar
- Comprehensive Comparison: Generates a degree of similarity for all possible combinations
Final Note
- Similarity matches will be shown only within last 4500 bars.
- In theory, it is possible to compute similarity for any size candle formations, indicator has been tested with formations of 50+ candles, but it is recommended to select smaller range for faster & cleaner results.
- As you move to smaller time frames, selected time range will provide a larger number of candles as input, which can produce undesired results, it is advised to adjust your selection when you change time frames. Seeking suggestions on how to directly receive bars as user input, instead of time range.
- At times, users may see array index out of bound error when setting up this indicator, this generally happens when the input range is not properly configured. So, it should disappear after you select the input range, still trying to figure out where it is coming from, suggestions are welcome.
Credits
- @HeWhoMustNotBeNamed for publishing such a handy PineScript Logger, it certainly made the job a lot easier.
The Ganesh TrendThe Ganesh Trend is an indicator developed by Ganesh to help Traders to identify potential trend showing candle .This indicator identifies bullish and bearish candle with some specific rules. This gives fair idea of direction of market .It is very helpful if you use it on Nifty 50 index . Candlestick developed by me is my original work . It is very helpful for new traders looking for proper entry and exit . It has stop loss and target as well . red dot shows the stop loss and green dot shows the target . taking 2-3 trades a day is good . Thank You . NSE:NIFTY
Heiken Ashi MTF Oracle [JoseMetal]============
ENGLISH
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- Description:
This indicator shows a 3 Multi Time Frame (MTF) Heiken Ashi candlestick oracle.
It shows 3 different lines with changes between bullish and bearish Heiken Ashi candlesticks for 3 automatic or custom timeframes.
It has alerts for LONG and SHORT (when all timeframes agree in the same candle).
- Visual:
Each line represents the color of the Heiken Ashi candlestick on a different timeframe, by default, green is bullis and red is bearish.
A square (configurable) shows the change between bullish and bearish.
When the combination of the 3 timeframes occur (3 bull or bear) the background is highlighted, after that as long as they agree the background will remain with that color.
- Customization:
As usual in my indicators, everything is customizable, timeframes are auto, but you can pick yours, colors, figures etc.
- Usage and recommendations:
Everything is good by default, it's recommended to use a x3 or x4 multiplier for the timeframes, example: 5 min, 15 min, 45 min or 5 min, 20 min and 60 min.
Personally, I use this in 1-3 min for scalping getting the very first time the 3 timeframes agree usually gives awesome entries.
Enjoy!
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ESPAÑOL
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- Descripción:
Este indicador muestra un oráculo de velas Heiken Ashi en 3 temporalidades diferentes (MTF).
Muestra 3 líneas diferentes con cambios entre velas Heiken Ashi alcistas y bajistas para 3 marcos temporales automáticos o personalizados.
Tiene alertas para LONG y SHORT (cuando todas las temporalidades coinciden en la misma vela).
- Visual:
Cada línea representa el color de la vela Heiken Ashi en un marco temporal diferente, por defecto, el verde es alcista y el rojo es bajista.
Un cuadrado (configurable) muestra el cambio entre alcista y bajista.
Cuando se produce la combinación de los 3 temporalidades (3 alcistas o bajistas) el fondo se resalta, después mientras coincidan el fondo permanecerá con ese color.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, los marcos de tiempo son automáticos, pero puedes elegir los tuyos, colores, figuras, etc.
- Uso y recomendaciones:
Todo está bien por defecto, se recomienda usar un multiplicador x3 o x4 para las temporalidades, ejemplo: 5 min, 15 min, 45 min o 5 min, 20 min y 60 min.
Personalmente, uso éste indicador en 1-3 min para scalping, si entras la primera vez que las 3 temporalidades coinciden sueles coger un muy buen movimiento.
¡Que lo disfrutéis!
Spot [Moto]Hello traders,
This indicator was primarily designed to show the dominating influence of the underlying spot asset while trading perpetual futures, specifically on Binance.
IMPORTANT: In order for this indicator to work properly/accurately you must be observing a Binance Perpetual future chart. The indicator detects which perpetual future symbol you're observing and changes its comparative metrics accordingly. If you're observing some other chart family, it will either be inaccurate or default to Binance spot BTC vs Binance perp BTC.
In my opinion spot price and metrics are more important to observe than derivatives. If I'm looking for entries or exits I want to know that spot is leading the way, and with evidential conviction. This indicator/signal is designed to be used in context and not to be the sole metrics observed. By comparing the spot chart metrics and the respective spot chart metrics, one is able to ascertain which candles are predominantly 'lead' or dominant via spot price action or conversely derivative lead. Generally, I've found, derivative lead moves have a highly likelihood of reverting
1) Spot engulfing - When spot has exerted control successfully on the current candlestick
This and other plot shapes contain plot shape sizing options and are optionally filtered via the cycled Rsi in the inputs
Smaller plot shapes (auto-sized) show when the candle is spot influenced, but not engulfing.
2) Spot Candle reversals - "E" and "e" plot shapes
These signals are sequential engulfing and opposing candles. "E" being when sequential engulfing candles print, "e" forms when spot candles are sequential, opposing, but not engulfing.
3) HTF Spot engulfing - Same as above but these are on a high time frame reference which have repainting on by default (optional in input).
These will indicate on lower time frame candles if that higher time frame is being spot influences + engulfing. These are hard set to daily, 3 day, and weekly references.
4) Bear / Bull Sequences: "Strong" / "Weak" plot shapes
These signals are looking for a Rsi mid-line (50) 'bounce' among the last four candles on the observed time frame. For example, this will give a signal when the rsi is above, below, below, and back above the 50 on the cycled Rsi.
5) "Prox" plot shapes - "P" and "Prox"
These plot shapes are purely based on Rsi and the confluence between two time frames. Signals occur when the low time frame and high time frame are near the 50 line of their respective Rsi but on opposing sides. There are two sets of these, comprising two different (optional) times frames each. Essentially these signals are to point out potential places of cascade in either direction. If however the market decides to "save" price, action can continue or perhaps violently push in the opposite direction. Consider them warnings to either follow or take advantage of. "P" plots indicate the lower time frame set, while "Prox" indicate the higher time frame signals. These signals can be optionally filtered by Rsi-Vwap directional bias, i.e above or below its "normal" range.
6) Simultaneous Rsi signals - "S"
These signals (optionally shown) print when two Rsi of two different time frame are simultaneously above their 50 mid-line but within a certain distance from the 50, with the candle in the preferred direction, and filtered via Rsi-Vwap. Time frame resolutions can be changes in the settings.
7) Reversion signals (Work in progress) - "R" plot shapes
These signals indicate via a set price difference when candles are of a certain size ($) and are derivative lead. Users can change the dollar change threshold in the settings.
8) Bar-coloring is provided on the more important signals
9) Alerts for almost all of the aforementioned metrics are included
Thanks,
DM for access
HTF Candle Overlay – Multi-Timeframe Visualization ToolThis indicator overlays true Higher Timeframe (HTF) candlesticks directly onto any lower timeframe chart, allowing you to see the larger market structure while trading on precise execution timeframes such as 1-minute, 3-minute, or 5-minute.
Instead of constantly switching chart timeframes, you can now see both higher and lower timeframe price action at the same time. Each HTF candle is drawn as a large transparent candlestick with full upper and lower wicks, perfectly aligned in both time and price.
This makes it easy to identify:
- Trend direction from the higher timeframe
- Key support and resistance zones inside each HTF candle
- Liquidity sweeps and rejections across timeframes
- Optimal entries on lower timeframes with higher-timeframe confirmation
Key Features
- Displays true Higher Timeframe candles on any lower timeframe
- Clear transparent candle bodies for unobstructed price visibility
- Full upper and lower wicks
- Non-repainting confirmed candles
- Optional live display of the currently forming HTF candle
- Accurate time-based alignment
- Lightweight and optimized for performance
Who This Indicator Is For
- Scalpers who want higher-timeframe bias
- Day traders using multi-timeframe confirmation
- Smart Money / ICT traders monitoring HTF structure
- Anyone who wants clean multi-timeframe clarity without chart switching
How To Use
- Apply the indicator to any chart.
- Select your preferred Higher Timeframe (HTF) in the settings.
- Use your lower timeframe for entries while respecting HTF structure and direction.
- This tool helps you trade with the bigger picture in view while executing with precision on lower timeframes.
VolumeTimeVolumeTime BY ADELALMZYAD
Analysis of Japanese Candlesticks and Price Action with Trading Volume
A technical approach combining candlestick patterns and price behavior with volume data to identify real market strength and institutional activity.
Trend CandlesThis shows candlesticks that only follow the trend. So it will make it easier to know where the trend is going.
[DEM] Heikin Ashi Barcolors Heikin Ashi Barcolors is designed to apply smoothed Heikin Ashi calculations to regular candlestick charts and color the price bars based on the resulting Heikin Ashi trend direction to reduce market noise and provide clearer visual trend identification. The indicator first applies EMA smoothing to the standard OHLC values, then calculates Heikin Ashi values using the traditional formulas (averaged close, modified open based on previous values, and adjusted high/low), and applies an additional layer of EMA smoothing to the Heikin Ashi results. The bars are colored teal when the smoothed Heikin Ashi close is above the smoothed Heikin Ashi open (indicating bullish conditions) and red when the close is below the open (indicating bearish conditions), effectively transforming the visual appearance of regular candlesticks to reflect the smoother, trend-following characteristics of Heikin Ashi methodology while maintaining the original price structure.
Kairi Trend Oscillator [T3][T69]📌 Overview
The Kairi Trend Oscillator is a Japanese-inspired hybrid oscillator combining Heikin-Ashi trend clarity with the Kairi (乖離率) indicator — a measure of price deviation from a moving average. This dual-layer system gives you both trend direction and trend strength/health, designed to highlight trend maturity and avoid overextended entries.
✨ Features
Heikin-Ashi or normal candlestick input modes
Multiple moving average options: SMA, EMA, DEMA, VWMA, and Kijun
Visual color-coded trend zones: overbought, oversold, healthy, weak, and reversal conditions
Full Kairi column plot with dynamic coloring
Adaptive logic for trend detection (linear regression or Heikin-Ashi structure)
Built-in reversal detection based on divergence between Kairi and trend direction
⚙️ How to Use
Choose Candle Type: Select Heiken Ashi or Normal Candlesticks via the Candle Mode dropdown.
Select Source: Choose open, high, low, or close as the input for Kairi computation.
Set MA Type & Length: Configure the moving average mode and its length under Moving Average Settings.
Interpret the Plot:
Green/Red bars: Show Kairi oscillator values above/below 0
Background color: Shows current trend (green = uptrend, red = downtrend)
Candle color overlays:
🟩 Teal = Overextended Bulls
🟥 Maroon = Overextended Bears
✅ Green = Healthy Uptrend
🔻 Red = Healthy Downtrend
🟨 Light tones = Weak trends
🔄 Blue/Fuchsia = Possible reversal detected
🔧 Configuration
Inputs:
Candle Mode: Heiken Ashi or Normal Candle Sticks
Source: Open, High, Low, Close
MA Mode: SMA, EMA, DEMA, VWMA, or Kijun
MA Length: Default is 29
🧪 Advanced Tips
Use Heikin-Ashi mode for better trend smoothing.
Kairi divergence (e.g., bullish Kairi in a downtrend) may signal upcoming reversal — watch for blue or fuchsia bars.
Combine with momentum indicators (e.g. RSI or MACD) for confluence-based setups.
For mean reversion strategies, fade extreme Kairi readings (> ±5%).
⚠️ Limitations
Not suited for ranging markets without trend.
Kairi extremes may remain elevated in strong trends — avoid early counter-trend entries.
Reversal logic is not a confirmation signal; use with caution.
📌 Disclaimer
This script is educational and illustrative. Always backtest thoroughly before using in live markets.
