Madrid MA Ribbon BarThis study is the companion of the MMAR, displayed here in this publication. This displays the same information as MMAR, but in a linear format. This measures the possibilities of a trend reversal. If the bar fills over 50% of the opposite color from bottom to top then chances are there will be a trend reversal. Otherwise it is just a reentry point.
This study doesn't require but one parameter, and the default is very good. Define if you want to use the standard or the exponential moving average. It is simple, easy to interpret and doesn't require much space on the screen.
It uses only four standard colors
1. Red : A downtrend in progress
2. Green: A short reentry or a trend reversal warning
3. Lime : An uptrend in progress
4. Maroon: A long reentry or a trend reversal warning
Search in scripts for "bar"
jc-Inside_BarCopyright by jack calo -- v1.0 -- 03/04/2015 -- Paint the bar yellow when it's an inside day. When the full range of a candle is equal or within the full range of the previous bar. Credit to Rob Smith and his In The Black Strategy.
Over ATR Bar highlightScript highlights bars over ATR (20), i use this to look for mazabuzo candles.
FVE Volatility color-coded Volume bar The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE
(price is not multiplied by volume), but is only used to determine whether
money is flowing in or out of the stock. This is contrary to the current trend
in the design of modern money flow indicators. The author decided against a
price-volume indicator for the following reasons:
- A pure volume indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by volume) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
This study is an addition to FVE indicator. Indicator plots different-coloured volume
bars depending on volatility.
Custom Indicator Clearly Shows If Bulls or Bears are in Control!The Two Versions of this Indicator I learned from Two Famous and Highly Successful Traders. This Indicator shows With No Lag Clear Up and Down Trends in Market by Documenting Clearly If Bulls or Bears are in Control. The Version In SubChart 1 Shows Consecutive Closes if the Current Close is Greater than of Less than the Midpoint of the Previous Bar (Why Midpoint Explained in Detail in 1st Post). The Version in SubChart 2 Shows Consecutive Closes that are Greater than or Less Than the Previous Close (Will Discuss Specific Uses in 1st Post). Works on Stocks, Forex, Futures, on All Timeframes.
VWAP filtered MACD Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars.
Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there.
This indicator by default should be a part of your trend following trading system.
In the setting you can change colors
Above grow: positive and rising MACD histogram value
Above fall: positive and falling MACD histogram value
Below fall: negative and falling MACD histogram value
Below grow: negative and rising MACD histogram value
bar color changeThis Pine v5 code allows you to distinguish between candles on the chart. The body/wick/frame of the "live" candle that hasn't yet closed is colored white. When a live candle is present, the body of the immediately preceding candle is colored green with offset = -1. All other candles remain gray (#2e2e2e). plotcandle fixes the wick/frame so that the live and previous candles are selected when following the trend. If there are other conflicting scripts, the most recently added one quickly takes precedence.
Bar RangeI use this to complement the daily ATR bars. It is interesting to see how much the stock has actually moved vs the ATR movement.
MACD Aspray Hybrid Bars (teal/red) = raw momentum (Aspray Histogram).
Teal line = smooth curve of the histogram (Aspray Line).
Orange line = 9-EMA of that line (new signal).
Zero line for reference.
Bar numberAdds a number above the last 50 candles. Candle 1 is always the most recent.
Can be useful when teaching people onlinet. Now they can just ask « what’s candle number 20 » instead of « what’s with that narrow range candle next to the big one to the left… no not that one, the other one »
Bars pattern MLThis script implements a K-Nearest Neighbors (KNN)-based machine learning model to predict future price movements in financial markets. It analyzes past price action using Euclidean distance and selects the most similar historical patterns to estimate future price changes. Unlike traditional KNN implementations, this approach optimizes distance calculations by maintaining a dynamically updated list of the closest neighbors, ensuring efficient selection without the need for sorting. The model generates a forecasted price trajectory based on incremental predictions, which are visualized on the chart using polylines for better interpretability.
Volume HighlightBar colouring: this indicator is simple but effective, it repaints higher than normal candles a certain colour (by default gold/yellow) it helps to know what are valuable areas to trade around for longs and shorts.
Changing the volume multiplier manually helps you to screen volume relevant to the timeframe you are trading on.
For example, some charts 1min the best filter/setting would be 12-35 multiplier where others like btc 1-4 hourly, the filter/setting might be 8-12.
The key is having only the highest/most relevant 3-4 volume candles showing as they often represent supports and resistances.
Pivot Points And Breakout Price Action With LuckyNickVaBar Color Candle Aligned with pivot points swing high and swing lows For Those Who Are Familiar with Trading The Breakouts Of Highs & Lows Of Structure. Pivots are said to be key areas in the market where price shows heavy reaction to where reversals make occur. At these points there are swing Highs & swing lows that traders may be able to find opportunity in the market. This Script is a combination of pivot points and Barcolor signals for the breakout.
Koalafied Volume Extension Bar colours based on extensions from volume Z-Score. Large volume candles can often signal exhaustion or show market strength in reversals or breakouts. Candles not supported by rising volume are coloured black while those that are retain their colouring.
Bars CharacteristicsThis code is for defining or explaining market conditions via micro trend and the characterized bars.
lines 5,6: show the conditions for a normal trend, means market can go in the direction that it has in the past.
lines 11,12: show the conditions for kind of the trend having cumulative energy itself, mean market can go in the same direction.
lines 18,19: show the conditions for kind of the trend having overbought/sold concept, means it's better exit from the market or to look for the other clues.
lines 24,25: show some kind of noise not a stable trend, it's better not to enter the market.
WhenWasThePriceAction
Bars of largest range (volatility)
* see moments of strongest price action immediately
* colored & upDown by candle color
* amplifier: you see only the bull runs, and subsequent dumps
Very nice on the 5 years scale of BITSTAMP:BTCUSD - nothing comparable to 2013 has happened yet.
Internals:
squared_range = pow(high-low, 2)
That is essentially it already. The rest are details:
* gauge with (in case of Bitcoin exponentially rising) price
* show in red for negative candles
* take even higher polynomial (than 2) to show only the very largest values
* allow some user input (but there is not much more that can be chosen here.)
Sorry for such a simple formula - but sometimes the easiest things are powerful.
Please give feedback. www.tradingview.com and/or in the cryptocurrency chat. Thanks.
Bars Since the last RSI ExtremeThis is something Jamie Saettele pointed out. Gold has been in 'neutral' RSI territory for its longest stretch in four years. It's coiling up for its next major move.
Liquidity & inducementsHi all!
This indicator will show liquidity and inducements.
I will continue to try to add different types of liquidity and inducements, at this moment it contains 6 kinds of liquidity/inducement, they are:
• Grabs
• Big grabs
• Sweeps
• Turtle soups
• Equal highs/lows (liquidity and inducement)
• BSL & SSL
And 1 type of inducement:
• Retracement
This description will contain indicator examples of each individual liquidity and inducement. They will all be with the default settings.
Settings
First you will find settings for the market structure (BOS/CHoCH/CHoCH+). Select left and right pivot lengths and if the pivots should have a label or not.
This is the base foundation of this indicator and is possible with my library 'PriceAction' ().
You will see solid lines for break of structures (BOS), change of characters (CHoCH) and change of character plus (CHoCH+).
The pivots found will be the core of this indicator and will show you when the closing price breaks it. When that happens a break of structure (BOS) or a change of character (CHoCH or CHoCH+) will be created. The latest 5 pivots found within the current trend will be kept to take action on.
A break of structure is removed if an earlier pivot within the same trend is broken and the pivot's high price for a bullish trend or low price for a bearish trend is more extreme than the BOS pivot's price.
You are able to show the pivots that are used. "HH" (higher high), "HL" (higher low), "LH" (lower high), "LL" (lower low) and "H"/"L" (for pivots (high/low) when the trend has changed) are the labels used.
In the next section ('Liquidity ($$$)') you can select which types of liquidity you want to see. Note that 'Equal highs/lows' can also show inducement (more on that later).
In the section afterwards ('Inducement (IDM)') you can select if you want retracement inducements to be visible or not. More information on what they are later on.
The section for each individual liquidity and/or inducement can first contain a line named 'Pivot', where you can set the pivot lengths (first left, then right). Then you can set the 'Lookback', which means that the 'Lookback' number of past pivots is to take action on. After that you set the 'Timeframe' for the pivots used. That means that all available liquidity/inducements will be from your desired timeframe. Lastly you set the color of the liquidity/inducement (either a single color or bullish followed by bearish colors).
Lastly in the settings you can select the font sizes for the market structure and liquidity/inducements and what style liquidity/inducements lines will have. The sizes defaults to 7 and has a dotted line look.
Grabs
Liquidity grabs and liquidity sweeps are very similar. It all depends on if the current bar closed above/below the liquidity pivot and on if its a continuation or reversal. In a liquidity grab the bar that's above or below the liquidity pivot was not closed above or below it. Like this:
Or
The visual feedback will be a dotted line between the liquidity pivot and liquidity grab bar and a linefill between the high of the liquidity grab bar and the liquidity pivot.
Indicator example:
Big grabs
This is another 'grabs' option. You can show an additional grab if you want to. I suggest having this grab from a higher timeframe or with larger pivot lengths than the other grab.
The default is with the chart timeframe and 10/10 as pivot lengths.
Indicator example:
Sweeps
A liquidity sweep is like a liquidity grab but with the difference that price closes above/below and has a continuation instead of a reversal. If the liquidity pivot was at the same bar as a BOS/CHoCH/CHoCH+ it will not be a liquidity grab but a structural break instead.
They can look like this:
Indicator example;
Turtle soups
If only one candle is beyond the pivot it could be a liquidity grab. It's a grab if price didn't close beyond the liquidity pivot, if so it's invaliditet. Turtle soups are basically false breakouts that takes liquidity (is a false breakout from a pivot with the lengths and timeframe from the settings).
The turtle soup can have a confirmation in the terms of a change of character (CHoCH). You can enable this in the settings section for 'Turtle soups' through the 'Confirmation' checkbox (enabled by default). The turtle soup strategy usually comes with some sort of confirmation, in this case a CHoCH, but it can also be a market structure shift (MSS) or a change in state of delivery (CISD).
The addition of turtle soups is possible through my script 'Turtle soup' ().
The drawing will be a dotted line between the liquidity pivot and the last bar of the false breakout and a box from the start of the false breakout to the end of it.
Indicator example:
Equal highs/lows
Equal highs/lows will always show liquidity, but might also show inducement. Inducement will be shown on equal lows if the trend is bullish and on equal highs if it's bearish, like this:
Or
Equal highs can only be created if the second pivot is lower than the first one. Equal lows can only be created if the second pivot is higher than the first one. If that is not the case it could be a liquidity grab.
When equal highs or equal lows are find that produces inducement (equal lows in a bullish trend and equal highs in a bearish trend), the indicator will first display inducement and will show liquidity once traders are induced to enter the security. Stop loss placement, for liquidity, is 0.1 * the average true range (ATR, of length 14). They will look like this:
Only inducement:
Inducement and liquidity:
Indicator example:
Equal highs/lows inducements can not be triggered after a BOS/CHoCH/CHoCH+. They are cleared upon a structural break.
BSL & SSL
Buyside liquidity (BSL) and sellside liquidity (SSL) will be shown. A pivot that's been mitigated (touched by price) can never be BSL or SSL. The BSL/SSL available will be dynamic while price moves (work in Replay and lower timeframes that moves fast) and pick the latest pivot/s (with left and right lengths from the 'Market structure' section). You can define how many BSL/SSL you want to see with a default value of 1, meaning only 1 BSL and 1 SSL can be shown. If there is no unmitigated high (BSL) or low (SSL), no BSL/SSL will be available to show. If there are BSL/SSL available they're very useful to use as targets for entering a trade.
The will look like this when available;
And without BSL available:
Or
And without SSL available:
Note that the examples without BSL/SSL available could have liquidity available from previous price legs.
This can be an example of a BSL/SSL sequence:
First both buyside and sellside liquidity is available:
Then a new low appears and new sellside liquidity is available:
Then buyside liquidity is mitigated, so only sellside liquidity is available:
A new high pivot appears and buyside liquidity is available again:
Lastly a bearish CHoCH happens and sellside liquidity is mitigated, only buyside liquidity is available:
Retracement
The first retracement after a BOS/CHoCH/CHoCH+ is considered an inducement with the mission to get traders into a trade prematurely to get stopped out. This level is shown and look like this:
Or
A retracement inducement is removed when a new BOS/CHoCH/CHoCH+ appears and it's not triggered.
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As of now there aren't any alerts available. You cannot use the Pine Screener from Tradingview either to see new liquidity/inducement events. I have this planned for future updates though.
I hope that this long description makes sense, let me know otherwise! Also let me know if you experience any bugs or have a feature request or just want to share good settings to use.
Best of trading luck!
