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Candles - The WhaleThe strategy is based on candle patterns, with confluence indicators. Note some of the candles are rare, they can be found only a specific timeframe, or within specific stocks. The added patterns are as follows: - Bullish Engulfing It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that indicates the continuation of the downtrend. The second candlestick is a long bullish candle that completely engulfs the first candle and shows that the bulls are back in the market. - Bullish Harami It consists of two candlestick charts, the first candlestick being a tall bearish candle, and the second, being a small bullish candle which should be in the range of the first candlestick. The first bearish candle shows the continuation of the bearish trend and the second candle shows that the bulls are back in the market. - Piercing Line Two candles from it, the first candle being a bearish candle which indicates the continuation of the downtrend. The second candle is a bullish candle that opens the gap down but closes more than 50% of the real body of the previous candle, which shows that the bulls are back in the market and a bullish reversal is going to take place. - Bullish Belt A Bullish Belt Hold, known as “yorikiri” in Japanese, is a single Japanese candlestick pattern that suggests a possible reversal of the current downtrend. - Bullish Kicker A bullish kicker is a two candlestick pattern that’s usually formed after a significant downtrend, but could also appear after an uptrend. - Abandoned Baby The abandoned baby candlestick pattern is a three-bar reversal pattern. It is similar to the morning and evening star formations and is a very reliable reversal signal when it occurs after a sharp rise or drop. - Homing Pigeon The bullish homing pigeon is a two-candle bullish reversal pattern that occurs at the end of a bearish trend. Both candles are negative, but the second candle is confined within the range of the previous candle. - Breakaway Breakaway patterns are multi-candle formations found on Japanese candlestick charts that suggest a market reversal may be in the offing. An actual breakaway is a five candlestick formation that occurs in either an upward or downward trend. - Concealing Baby Swallow The Concealing Baby Swallow candlestick pattern is a four-candlestick pattern that can signal a bullish reversal price movement or a bearish continuation move, depending on where it occurs in the overall market structure. However, the pattern is quite rare, and you may not encounter it in your trading. - Doji Dragonfly A dragonfly doji can be an indicator of a reversal in price. When the price of a security has shown a downward trend, it might signal an upcoming price increase. - Doji Gravestone The Gravestone Doji forms when the price closes at relatively the same level where it opened, providing that the open coincides with the low or at least the two are very close - Doji Star Consists of a long bullish candle, followed by a Doji that gaps up, then a third bearish candle that gaps down and closes well within the body of the first candle. An Evening Doji Star is a three-candle bearish reversal pattern similar to the Evening Star. - Kicker A kicker pattern is a two-bar candlestick pattern that predicts a change in the direction of an asset's price trend. This pattern is characterized by a sharp reversal in price over the span of two candlesticks. Traders use it to determine which group of market participants is in control of the direction. - Ladder Bottom Is a five-candle bullish reversal pattern that occurs at the end of a bullish trend. The four first candles are bearish and followed by a positive candle that starts with a positive gap. - MatHold A bullish pattern begins with a large bullish candle followed by a gap higher and three smaller candles which move lower. - Matching Low A matching low is a bullish two-candle reversal pattern that forms in an ongoing downtrend. As to its appearance, a matching low consists of two candlesticks that are negative, but the close at or around the same price. - Meeting Lines Bullish meeting lines are a two-candle bullish reversal pattern that occurs in a downtrend and signals a reversal of the trend. The first candle of the bullish meeting lines is bearish, and followed by a positive candle that closes very near the close of the previous candle. - Morning Doji Star It is made of 3 candlesticks, the first being a bearish candle, the second, a Doji, and the third being a bullish candle. The first candle shows the continuation of the downtrend. The second candle being a doji indicates indecision in the market. The third bullish candle shows that the bulls are back in the market and a reversal will take place. The second candle should be completely out of the real bodies of the first and third candles. - Rising Three Method1 Rising three methods is a bullish continuation pattern that appears in an ongoing uptrend. The Rising three methods pattern consists of five candles. where the first and last candles are long and bullish, with three small bearish candles in between. - Rising Three Method2 It is the same as "Rising Three Method1" but with a different calculation - Upside Tasuki Gap1 Is a bullish continuation candlestick pattern that forms in an ongoing uptrend. It consists of three candles, where the two first are bullish with a positive gap in-between, and followed by a negative candle that closes in the gap formed between the first two candles. - Upside Tasuki Gap2 It is the same as "Upside Tasuki Gap1" but with a different calculation - Three Line Strike1 Is a four-candle bullish continuation candlestick pattern. It forms a bullish trend and is believed to signal the continuation of the bullish trend. - Three Line Strike2 It is the same as "Three Line Strike2" but with a different calculation The confluence indicators: Movement Averages: multi options checks, you can select what to check to open a position, and the description of each open is in the strategy. Volume Oscillator: positive signal if the volume is above zero. EMA: positive signal if the candle source is above EMA. VWAP: positive signal if the candle source is above VWAP. BTC Trend: it is an equation to track the BTC price movement The profit is based on TSL, while the stop loss is based on ATR, or lowest candle. The recommended time frame is 4 hours.
Pine Script® strategy
by crypto_tycho
30
Candle Range Theory [Advanced] - AlgoVisionUnderstanding Candle Range Theory (CRT) in the AlgoVision Indicator Candle Range Theory (CRT) is a structured approach to analyzing market movements within the price ranges of candlesticks. CRT is founded on the idea that each candlestick on a chart, regardless of timeframe, represents a distinct range of price action, marked by the candle's open, high, low, and close. This range gives insights into market dynamics, and when analyzed in lower timeframes, reveals patterns that indicate underlying market sentiment and institutional behaviors. Key Concepts of Candle Range Theory Candlestick Range: The range of a candlestick is simply the distance between its high and low. Across timeframes, this range highlights significant price behavior, with each candlestick representing a snapshot of price movement. The body (distance between open and close) shows the primary price action, while wicks (shadows) reflect price fluctuations or "noise" around this movement. Multi-Timeframe Analysis: A higher-timeframe (HTF) candlestick can be dissected into smaller, structured price movements in lower timeframes (LTFs). By analyzing these smaller movements, traders gain a detailed view of the market’s progression within the HTF candlestick’s range. Each HTF candlestick’s high and low provide support and resistance levels on the LTF, where the price can "sweep," break out, or retest these levels. Market Behavior within the Range: Price action within a range doesn’t move randomly; it follows structured behavior, often revealing patterns. By analyzing these patterns, CRT provides insights into the market’s intention to accumulate, manipulate, or distribute assets within these ranges. This behavior can indicate future market direction and increase the probability of accurate trading signals. CRT and ICT Power of 3: Accumulation, Manipulation, and Distribution (AMD) A foundational element of our CRT indicator is its combination with ICT’s Power of 3 (Accumulation, Manipulation, and Distribution or AMD). This approach identifies three stages of market movement: Accumulation: During this phase, institutions accumulate positions within a tight price range, often leading to sideways movement. Here, price consolidates as institutions carefully enter or exit positions, erasing traces of their intent from public view. Manipulation: Institutions often use manipulation to create false breakouts, targeting retail traders who enter the market on perceived breakouts or reversals. Manipulation is characterized by liquidity grabs, false breakouts, or stop hunts, as price momentarily moves outside the established range before quickly returning. Distribution: Following accumulation and manipulation, the distribution phase aligns with the true market direction. Institutions now allow the market to move with the trend, initiating a stronger and more sustained price movement that aligns with their intended position. This AMD cycle is often observed across multiple timeframes, allowing traders to refine entries and exits by identifying accumulation, manipulation, and distribution phases on smaller timeframes within the range of a higher-timeframe candle. CRT views this cycle as the "heartbeat" of the market—a continuous loop of price movements. With our indicator, you can identify this cycle on your current timeframe, with the signal candle acting as the "manipulation" candle. How to Use the Premium AlgoVision CRT Indicator 1. Indicator Display Options Bullish/Bearish Plot Indication: Toggles the display of bullish or bearish CRT signals. Turn this on to display signals on your chart or off to reduce screen clutter. Order Block Indication: Highlights the order block entry price, which is the preferred entry point for CRT trades. Purge Time Indication: Shows when the low or high of Candle 1 is purged by Candle 2, helping to identify potential manipulation points. 2. Filter Options Match Indicator Candle with Signal: Ensures that only bullish Candle 2s (for longs) or bearish Candle 2s (for shorts) are signaled. This filter helps eliminate signals where the candlestick’s direction does not align with the CRT model. Take Profit Already Reached: When enabled, this filter removes CRT signals if take profit levels are reached within Candle 2. This helps focus on setups where there’s still room for price movement. Midnight Price Filter: Filters signals based on midnight price levels: Longs: Only signals if the order block entry price is below the midnight price. Shorts: Only signals if the order block entry price is above the midnight price. 3. Entry and Exit Settings Wick out prevention: Allows positions to stay open and prevent getting wicked out. Positions will still be able to close if determined by the algorithm. Buy/Sell: This allows you to set you daily bias. You can select to only see buys or sells. Custom Stop Loss: Sets a custom stop loss distance from the entry price (e.g., $100 or $200 away) if the predefined stop loss based on Candle 2’s low/high doesn’t suit your preference. Take Profit Levels: Choose from three take profit levels: Optimized Take Profit: Uses an optimized take profit level based on CRT’s recommended exit point. Take Profit 1: Sets an initial take profit level. Take Profit 2: Sets a secondary take profit level for a more extended exit target. Timeframe of Order Block: Select the timeframe of the order block entry, which can be tailored based on the timeframe of the CRT signal. Risk-to-Reward Filter: Filters trades based on a specified risk-to-reward ratio, using the indicator’s stop loss as the base. This helps to ensure trades meet minimum reward criteria. 4. Risk Management Fixed Entry QTY: This will allow you to open all positions with a fixed QTY Risk to Reward Ratio: This allows you to set a minimum risk to reward ratio, the strategy will only take trades if this risk to reward is met. Risk Type: Fixed Amount: Allows you to risk a fixed $ amount. % of account: Allows you to risk % of account equity. 5. Day and Time Filters Filter by Days: Specify the days of the week for CRT signals to appear. For instance, you could enable signals only on Thursdays. This setting can be adjusted to any day or combination of days. Purge Time Filter: Filters CRT signals based on specific purge times when Candle 1’s low/high is breached by Candle 2, as CRT setups are observed to work best during certain times. Hour Filters for CRT Signals: 1-Hour CRT Times: Allows filtering CRT signals based on specific 1-hour time intervals. 4-Hour CRT Times: Filter 4-hour CRT signals based on specified times. Forex and Futures Conversion: Adjusts times based on standard sessions for Forex (e.g., 9:00 AM 4-hour candle) and Futures (e.g., 10 PM candle for Futures or 8 AM for Crypto). 6. Currency and Asset-Specific Filters Crypto vs. Forex Mode: This setting adjusts the indicator’s timing to match market sessions specific to either crypto or Forex/Futures, ensuring the CRT model aligns with the asset type. Additional Notes Backtesting Options: Adjust these to test risk management, such as risking a fixed amount or a percentage of the account, for historical performance insights. Optimized Settings: This version includes all features and optimized settings, with the most refined data analysis. Conclusion By combining CRT with ICT Power of 3, the AlgoVision Indicator allows traders to leverage the CRT candlestick as a versatile tool for identifying potential market moves. This method provides beginners and seasoned traders alike with a robust framework to understand market dynamics and refine trade strategies across timeframes. Setting alerts on the higher timeframe to catch bullish or bearish CRT signals allows you to plan and execute trades on the lower timeframe, aligning your strategy with the broader market flow.
Pine Script® strategy
by AlgoVisionTrading
12
Candlestick Pattern Strategy with Smart Stop-Loss Management🔹 Strategy Overview This strategy combines candlestick patterns with trend filtering and EMA channel confirmation to identify high-probability trading opportunities. It features a smart stop-loss management system that moves to breakeven once the trade reaches a predefined profit threshold. 📊 Key Features ✅ Multiple Candlestick Patterns – Detects classic reversal patterns like: Hammer & Hanging Man Bullish & Bearish Engulfing Piercing Line & Dark Cloud Cover Morning & Evening Star Doji Star (Neutral Signal) ✅ Trend & EMA Channel Filters Trend EMA (100-period) – Ensures trades align with the broader trend. EMA Channel (50-period ± % range) – Filters trades within a defined volatility range. ✅ Flexible Trade Management Fixed Target Points – Take profit at a predefined distance. Trailing Stop to Cost – Moves stop-loss to breakeven after reaching a specified profit threshold. ✅ Customizable Trade Direction Long Only / Short Only / Both – Adapt to bullish, bearish, or neutral markets. ✅ Time-Based Execution Intraday Mode – Trades only within specified session hours. Positional Mode – Holds trades beyond the session. ⚙️ Input Parameters Trend Filter – Enable/disable trend alignment with EMA. EMA Channel Filter – Adjust channel width for volatility control. Candlestick Patterns – Toggle individual patterns on/off. Target Points & Trail Trigger – Customize profit-taking and SL management. Trade Type – Switch between intraday and positional trading. 📈 Entry Conditions Long Entry: Bullish candlestick pattern (Hammer, Bullish Engulfing, Piercing Line, Morning Star). Price above Trend EMA (if enabled). RSI < 30 (oversold confirmation). Within EMA Channel (if enabled). Short Entry: Bearish candlestick pattern (Hanging Man, Bearish Engulfing, Dark Cloud Cover, Evening Star). Price below Trend EMA (if enabled). RSI > 70 (overbought confirmation). Within EMA Channel (if enabled). 📉 Exit Conditions Take Profit (TP): Fixed target based on points. Stop-Loss (SL): Moves to breakeven after hitting the trail trigger. 📊 Visual Indicators Trend EMA (Orange Line) – Main trend direction. EMA Channel (Blue Lines) – Volatility range. Buy/Sell Labels – Entry signals below/above bars. Doji Star (Gray Cross) – Neutral signal. 🎯 Best Suited For Swing Traders (Positional Mode) Intraday Traders (Scalping with tight stops) Price Action Enthusiasts (Candlestick-based entries) 🔗 Try it out and customize it to fit your trading style! 🚀
Pine Script® strategy
by vinayak2208
Candle Breakout StrategyShort description (one-liner) Candle Breakout Strategy — identifies a user-specified candle (UTC time), draws its high/low range, then enters on breakouts with configurable stop-loss, take-profit (via Risk:Reward) and optional alerts. Full description (ready-to-paste) Candle Breakout Strategy Version 1.0 — Strategy script (Pine v5) Overview The Candle Breakout Strategy automatically captures a single "range candle" at a user-specified UTC time, draws its high/low as a visible box and dashed level lines, and waits for a breakout. When price closes above the range high it enters a Long; when price closes below the range low it enters a Short. Stop-loss is placed at the opposite range boundary and take-profit is calculated with a user-configurable Risk:Reward multiplier. Alerts for entries can be enabled. This strategy is intended for breakout style trading where a clearly defined intraday range is established at a fixed time. It is simple, transparent and easy to adapt to multiple symbols and timeframes. How it works (step-by-step) On every bar the script checks the current UTC time. When the first bar that matches the configured Target Hour:Target Minute (UTC) appears, the script records that candle’s high and low. This defines the breakout range. A box and dashed lines are drawn on the chart to display the range and extended to the right while the range is active. The script then waits for price to close outside the box: Close > Range High → Long entry Close < Range Low → Short entry When an entry triggers: Stop-loss = opposite range boundary (range low for longs, range high for shorts). Take-profit = entry ± (risk × Risk:Reward). Risk is computed as the distance between entry price and stop-loss. After entry the range becomes inactive (waitingForBreakout = false) until the next configured target time. Inputs / Parameters Target Hour (UTC) — the hour (0–23) in UTC when the range candle is detected. Target Minute — minute (0–59) of the target candle. Risk:Reward Ratio — multiplier for computing take profit from risk (0.5–10). Example: 2 means TP = entry + 2×risk. Enable Alerts — turn on/off entry alerts (string message sent once per bar when an entry occurs). Show Last Box Only (internal behavior) — when enabled the previous box is deleted at the next range creation so only the most recent range is visible (default behavior in the script). Visuals & On-chart Info A semi-transparent blue box shows the recorded range and extends to the right while active. Dashed horizontal lines mark the range high and low. On-chart shapes: green triangle below bar for Long signals, red triangle above bar for Short signals. An information table (top-right) displays: Target Time (UTC) Active Range (Yes / No) Range High Range Low Risk:Reward Alerts If Enable Alerts is on, the script sends an alert with the following formats when an entry occurs: Long alert: 🟢 LONG SIGNAL Entry Price: Stop Loss: Take Profit: Short alert: 🔴 SHORT SIGNAL Entry Price: Stop Loss: Take Profit: Use TradingView's alert dialog to create alerts based on the script — select the script’s alert condition or use the alert() messages. Recommended usage & tips Timeframe: This strategy works on any timeframe but the definition of "candle at target time" depends on the chart timeframe. For intraday breakout styles, use 1m — 60m charts depending on the session you want to capture. Target Time: Choose a time that is meaningful for the instrument (e.g., market open, economic release, session overlap). All times are handled in UTC. Position Sizing: The script’s example uses strategy.percent_of_equity with 100% default — change default_qty_value or strategy settings to suit your risk management. Filtering: Consider combining this breakout with trend filters (EMA, ADX, etc.) to reduce false breakouts. Backtesting: Always backtest over a sufficiently large and recent sample. Pay attention to slippage and commission settings in TradingView’s strategy tester. Known behavior & limitations The script registers the breakout on close outside the recorded range. If you prefer intrabar breakout rules (e.g., high/low breach without close), you must adjust the condition accordingly. The recorded range is taken from a single candle at the exact configured UTC time. If there are missing bars or the chart timeframe doesn't align, the intended candle may differ — choose the target time and chart timeframe consistently. Only a single active position is allowed at a time (the script checks strategy.position_size == 0 before entries). Example setups EURUSD (Forex): Target Time 07:00 UTC — captures London open range. Nifty / Index: Target Time 09:15 UTC — captures local session open range. Crypto: Target Time 00:00 UTC — captures daily reset candle for breakout. Risk disclaimer This script is educational and provided as-is. Past performance is not indicative of future results. Use proper risk management, test on historical data, and consider slippage and commissions. Do not trade real capital without sufficient testing. Change log v1.0 — Initial release: range capture, box and level drawing, long/short entry by close breakout, SL at opposite boundary, TP via Risk:Reward, alerts, info table. If you want, I can also: Provide a short README version (2–3 lines) for the TradingView “Short description” field. Add a couple of suggested alert templates for the TradingView alert dialog (if you want alerts that include variable placeholders). Convert the disclaimer into multiple language versions.
Pine Script® strategy
by hashem-trader
Improved Candle Strategy (without daily squared)# Candle Pattern Trading Strategy ## Core Logic Analyzes the last 5 candlesticks to identify "close at high" and "close at low" patterns, generating long/short signals. ## Trading Conditions - **Long**: ≥2 bars closed at high in past 5 bars + current bar closes at high → Open long - **Short**: ≥2 bars closed at low in past 5 bars + current bar closes at low → Open short - **Filter**: If ≥3 doji patterns detected, skip trading ## Risk Management - Stop Loss: Based on entry bar's high/low - Take Profit: Risk × 2x multiplier - Cooldown: No trading for 2 bars after entry - Session Filter: No trading for first 5 bars after market open ## Configurable Parameters - Lookback period, doji threshold, close proximity ratio, TP/SL ratio, cooldown bars, etc. **Use Cases**: 1-minute and higher timeframes on stocks/futures
Pine Script® strategy
by masteraux101
Candle StrategyThis strategy is based candle count number also strategy analysis - Rules for buy- 1) choose Candle Number(Ex.-47) For Trade 2) Trade Sell if price is above high of day 1st candle that mean direction is upside 3) We are taking stop loss on lowest low of candle since day first candle to trade no. 4) close Trade at last bar of the day 5) Trader Can Choose Trade Direction From input Rules for Sell- 1) Choose Candle Number(Ex.-47) For Trade 2) Trade Sell if price is below low of day 1st candle that mean direction is downside 3) We are taking stop loss on highest of candle since day first candle to trade no. 4) close Trade at last bar of the day 5) Trader Can Choose Trade Direction From input Note - this strategy can be also use for static to understand which candle will make low/high of the day high chance Example in bank nifty 5 minutes chart candle no 47 have highest trade opportunity appear on long side ...this data is small based on 5000 previous bar ... Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
Pine Script® strategy
by samscripter
5
Strong Candle Probability Levels Tester [SYNC & TRADE]### Strategy Description: Strong Candle Probability Levels Tester This strategy is a powerful tool for testing and visualizing probability levels based on strong candles, incorporating Volume Delta, Supertrend, and dynamic Fibonacci grids. Designed as a tester/trainer for traders analyzing price behavior around key support/resistance levels formed by strong impulse candles. It combines indicator elements for signal visualization with backtesting of trading scenarios, allowing evaluation of entry and exit effectiveness in real market conditions. The main goal is to help traders understand how strong candles (with high volume and delta) influence subsequent price movement and test strategies based on Fibonacci extensions. It's not just an indicator but a full tester that simulates orders, stop-losses, take-profits, and advanced position management rules. Useful for beginners and experienced traders: enables practicing risk management, analyzing historical data, and optimizing approaches without real losses. Ultimately, you get visual feedback on level achievement probabilities, PNL statistics, and insights into market manipulations. #### How the Strategy Works The strategy identifies "strong candles" — impulse bars with elevated volume and significant delta (difference between buys and sells). Based on them, it builds a Fibonacci grid for potential entries (retracements) and exits (extensions). Additionally integrated are ATR filters for candle strength confirmation and Supertrend for trend context. The tester simulates pyramiding (adding positions), trailing stops, partial closes, and other rules to model real trading. - **Volume Delta Analysis**: Visualizes volume deltas across timeframes to detect manipulations and impulse strength. Helpful for spotting when a candle is "strong" (high delta in the direction of movement) or "manipulative" (delta opposite to candle color). - **Supertrend Filter**: Adds a trend indicator with an adaptive multiplier considering delta. Helps filter signals in trends, avoiding false entries. - **Fibonacci Grid**: Automatically plots entry levels (retracements from 0% to 78.6%) and take-profits (extensions from 127.2% to 462%). The grid is "smart" — with advanced rules for profit protection and market adaptation. The strategy does not reveal internal algorithms for strong candle detection but focuses on practical application: the tester shows how price reacts to these levels, aiding in assessing goal achievement probabilities. #### How to Use 1. **Add to Chart**: In TradingView, select the tool, specify symbol (stocks, crypto, forex), and timeframe (recommended M5 to D1 for Volume Delta accuracy). 2. **Configure Settings**: - **Volume Delta Section**: Enable strong candles and manipulations display. Set ATR period for filter (default 3) and minimum body size (ATR multiplier, default 0.5). This ignores weak impulses. *(Add photo here: example chart with strong candle marked by circle and delta as colored layers on bar.)* - **Supertrend Section**: Enable for trend filtering. Set ATR length (default 5) and multiplier (default 2.62). Delta or strong candle filter options enhance signals. *(Photo: chart with Supertrend line colored by z-score strength and trend background.)* - **Fibonacci Basics**: Choose direction (long/short/both), stop-loss mode (crossover or body close). Specify lot per level (default 0.1) and max active grids (default 7). *(Photo: grid with entry and TP levels on real chart, with orders.)* - **Advanced Rules**: Activate options like protection at 161.8%/261.8%, grid lock after 127.2%, trailing after TP1, partial close on pullback, pyramiding, time/momentum exits, or "news". This simulates complex scenarios. - **Risk Management**: Enable exposure limit (max entry amount in USD) for safe testing. *(Photo: PNL and risk stats in strategy table.)* - **Entry/TP Levels**: Enable desired Fibonacci levels (retracements for entries, extensions for TP). *(Photo: full grid with filled orders and partial TP.)* - **Visualization**: Enable grid level display for clarity. *(Photo: multiple grids on chart with base price and SL lines.)* 3. **Interpret Signals**: - **Strong Candle**: Marked by circle (blue for long, red for short). Z-label in circle shows strength (2+ for significant). - **Manipulation**: Cross (X) indicates potential trap (delta opposite to candle). - **Grid**: Forms on strong candle. Entries — limit orders on retracements, TP on extensions. Monitor fills and closes in strategy report. - **Supertrend**: Trend line with color gradation by strength (darker = stronger). Background highlights direction. 4. **Testing**: - Run backtest in TradingView (select period, capital). Analyze metrics: PNL, drawdown, win-rate. - Train: Change settings, observe rule impacts (e.g., trailing reduces risks but may miss profits). - For live chart: Use as indicator for manual entries, ignoring orders. #### Purpose and Benefits This strategy is an ideal trainer for mastering probability trading based on strong candles and Fibonacci. It provides: - **Probability Visualization**: Shows how often price hits levels (127.2%, 161.8%, etc.), helping assess risk/reward. - **Risk Management Training**: Simulates real scenarios with pyramiding, trailing, partial closes, and exposure limits, reducing emotional errors. - **Manipulation Analysis**: Volume Delta reveals hidden signals (weak/strong delta), useful for avoiding traps in volatile markets. - **Trend Filter**: Supertrend with delta adaptation improves entry accuracy in trends. - **Stats and Insights**: Report includes unrealized/realized PNL, average entry price, risk to SL. Aids in optimizing strategies for different assets. Useful for: idea testing without risk, beginner education (visually intuitive), pro discipline improvement. Recommended to combine with other tools for signal confirmation. Remember: this is a tester, not financial advice — always demo test!
Pine Script® strategy
by SYNC-AND-TRADE
2
Three Candle Bullish Engulfing StrategyThe Three Candle Bullish Engulfing Strategy is a versatile, multi-mode trading system designed for TradingView, combining classic candlestick patterns with momentum confirmation and dynamic risk management. This script supports both swing trading and intraday approaches, as well as an optional RSI-based breakout mode for additional signal filtering. Key Features: Three Candle Pattern Detection: The strategy identifies potential trend reversal points using a three-candle pattern: The first candle is a strong bullish (or bearish) move. The second candle is a doji or small-bodied candle, indicating indecision. The third candle is a bullish (or bearish) engulfing candle that closes above (or below) the previous high (or low), confirming the reversal. Flexible Trading Modes: Swing Long Only: Enter long trades on bullish three-candle setups. Intraday Long & Short: Trade both long and short based on bullish and bearish three-candle patterns, with automatic session-end exits. RSI Breakout Mode: Enter long trades when the 1-hour RSI exceeds a user-defined threshold (default 80) and a bullish candle forms, with breakout confirmation and a fixed-percentage stop loss. Visual Aids: Plots the RSI breakout trigger price and stop loss on the chart for easy monitoring. How It Works: Three Candle Pattern Entries: Long Entry: Triggered when a bullish candle is followed by a doji, then a bullish engulfing candle closes above the previous high. Short Entry (Intraday only): Triggered by the inverse pattern—bearish candle, doji, then bearish engulfing candle closing below the previous low. RSI Breakout Entries: When the RSI on a higher timeframe (default 1 hour) exceeds the set threshold and a bullish candle forms, the script records a trigger price. A long trade is entered if the price breaks above this trigger, with a stop loss set a fixed percentage below. Exits: Positions are closed if the trailing stop is hit, the session ends (for intraday mode), or the stop loss is triggered in RSI breakout mode. In RSI breakout mode, positions are also closed if a new breakout trigger forms while in position.
Pine Script® strategy
by Somwereinhell
Canuck Trading Traders Strategy [Candle Entropy Edition]Canuck Trading Traders Strategy: A Unique Entropy-Based Day Trading System for Volatile Stocks Overview The Canuck Trading Traders Strategy is a custom, entropy-driven day trading system designed for high-volatility stocks like TSLA on short timeframes (e.g., 15m). At its core is CETP-Plus, a proprietary blended indicator that measures "order from chaos" in candle patterns using Shannon entropy, while embedding mathematical principles from EMA (recent weighting), RSI (momentum bias), ATR (volatility scaling), and ADX (trend strength) into a single score. This unique approach avoids layering multiple indicators, reducing complexity while improving timing for early trend detection and balanced long/short trades. CETP-Plus calculates a score from weighted candle ratios (body, upper/lower wicks) binned into a 3D histogram for entropy (low entropy = strong pattern). The score is adjusted with momentum, volatility, and trend multipliers for robust signals. Entries occur when the score exceeds thresholds (positive for longs, negative for shorts), with exits on reversals or stops. The strategy is automatic—no manual bias needed—and optimized for margin accounts with equal long/short treatment. Backtested on TSLA 15m (Jan 2015–Aug 2025), it targets +50,000% net profit (beating +1,478% buy-hold by 34x) with ~25,000 trades, 85-90% win rate, and <10% drawdown (with costs). Results vary by timeframe/period—test with your data and add slippage/commission for realism. Disclaimer: Past performance isn't indicative of future results; consult a financial advisor. Key Features CETP-Plus Indicator: Blends entropy with momentum/vol/trend for a single score, capturing bottoms/squeezes and trends without external tools. Automatic Balance: Positive scores trigger longs in bull trends, negative scores trigger shorts in bear trends—no user input for direction. Customizable Math: Tune weights and scales to adapt for different stocks (e.g., lower thresholds for NVDA's smoother trends). Risk Controls: Stop-loss, trailing stops, and score strength filter to minimize drawdowns in volatile markets like TSLA. Exit Debugging: Plots exit reasons ("Stop Loss", "Trail Stop", "CETP Exit") for analysis. Input Settings and Purposes All inputs are grouped in TradingView's Inputs tab for ease. Defaults are optimized for TSLA 15m day trading; adjust for other intervals or tickers (e.g., increase window for 1h, lower thresholds for NVDA). CETP-Plus Settings CETP Window (default: 5, min: 3, max: 20): Lookback bars for entropy/momentum. Short values (3-5) for fast sensitivity on short frames; longer (8-10) for stability on hourly+. CETP Bins per Dimension (default: 3, min: 3, max: 10): Histogram granularity for entropy. Low (3) for speed/simple patterns; high (5+) for detail in complex markets. Long Threshold (default: 0.15, min: 0.1, max: 0.8, step: 0.05): CETP score for long entries. Lower (0.1) for more longs in mild bull trends; higher (0.2) to filter noise. Short Threshold (default: -0.05, min: -0.8, max: -0.1, step: 0.05): CETP score for short entries. Less negative (-0.05) for more shorts in mild bear trends; more negative (-0.2) for strong signals. CETP Momentum Weight (default: 0.8, min: 0.1, max: 1.0, step: 0.1): Emphasizes momentum in score. High (0.9) for aggressive in fast moves; low (0.5) for entropy focus. Momentum Scale (default: 1.6, min: 0.1, max: 2.0, step: 0.1): Amplifies momentum. High (2.0) for short intervals; low (1.0) for stability. Body Ratio Weight (default: 1.2, min: 0.0, max: 2.0, step: 0.1): Weights candle body in entropy (trend focus). High (1.5) for strong trends; low (0.8) for wick emphasis. Upper Wick Ratio Weight (default: 0.8, min: 0.0, max: 2.0, step: 0.1): Weights upper wick (reversal noise). Low (0.5) to reduce false ups. Lower Wick Ratio Weight (default: 0.8, min: 0.0, max: 2.0, step=0.1): Weights lower wick. Low (0.5) to reduce false downs. Trade Settings Confirmation Bars (default: 0, min: 0, max: 5): Bars for sustained CETP signals. 0 for immediate entries (more trades); 1-2 for reliability (fewer but stronger). Min CETP Score Strength (default: 0.04, min: 0.0, max: 0.5, step: 0.05): Min absolute score for entry. Low (0.04) for more trades; high (0.15) for quality. Risk Management Stop Loss (%) (default: 0.5, min: 0.1, max: 5.0, step: 0.1): % from entry for stop. Tight (0.4) for quick exits; wide (0.8) for trends. ATR Multiplier (default: 1.5, min: 0.5, max: 3.0, step: 0.1): Scales ATR for stops/trails. Low (1.0) for tight; high (2.0) for room. Trailing ATR Mult (default: 3.5, min: 0.5, max: 5.0, step: 0.1): ATR mult for trails. High (4.0) for longer holds; low (2.0) for profits. Trail Start Offset (%) (default: 1.0, min: 0.5, max: 2.0, step: 0.1): % profit before trailing. Low (0.8) for early lock-in; high (1.5) for bigger moves. These settings enable customization for intervals/tickers while CETP-Plus handles automatic balancing. Risk Disclosure Trading involves significant risk and may result in losses exceeding your initial capital. The Canuck Trading Trader Strategy is provided for educational and informational purposes only. Users are responsible for their own trading decisions and should conduct thorough testing before using in live markets. The strategy’s high trade frequency requires reliable execution infrastructure to minimize slippage and latency.
Pine Script® strategy
by ctoincanada
2
SILVER Midnight Candle Color Strategy 1-Hour Delay and SL/TP Overview: The "Midnight Candle Color Strategy with 1-Hour Delay and SL/TP" is a unique trading strategy designed for the Forex market. This strategy capitalizes on the color of the midnight candle based on New York time, making trade decisions one hour later, at 1:00 AM. Key Features: Time Zone Adjustment: Automatically adjusts to New York time (UTC-5 or UTC-4 during Daylight Saving Time). Midnight Candle Analysis: Utilizes the color of the midnight candle to gauge market sentiment. Trade Execution at 1 AM: Trades are executed one hour after midnight based on the previous day's candle color. Strategic SL/TP: Incorporates predefined stop loss (SL) and take profit (TP) levels for each trade. How It Works: The script first determines whether the current bar represents 12:00 AM or 1:00 AM in New York time. At midnight, it records the color of the candle (green for bullish, red for bearish). At 1:00 AM, the strategy: Enters a long position if the midnight candle was green, with specific TP and SL settings. Enters a short position if the midnight candle was red, again with defined TP and SL. Visualization: Optional markers are plotted on the chart for easy visualization of the strategy's entry points at midnight and 1 AM. Usage Tips: Ideal for traders focusing on overnight price movements and early morning trends. Best suited for SILVER trading due to the 24-hour trading cycle. We recommend backtesting the strategy with historical data to evaluate performance. Disclaimer: This strategy is provided for educational purposes and should not be considered as financial advice. Users should conduct their own research and exercise caution while trading. Past performance is not indicative of future results. I´m not a signal service, however I´m sharing my signals. For free. If you wish to buy something, contact some other signalist, preferably with 5-10-15-20K followers, selling signals on the premium channel, but in reality not trading them themselves. If you will realise after few blown account that something is wrong, ask yourself why is that. Trading is not pushing the buy-sell button and drinking tequila on the beach. If you want to learn, you know what to do.
Pine Script® strategy
by Rendon1
1
IsAlgo - Reverse Candle Strategy► Overview: The Reverse Candle Strategy leverages a customizable moving average to identify the start of a trend. It utilizes the highest and lowest prices to define the trend and its corrections, executing trades based on custom candlestick patterns to capitalize on the main trend's continuation. ► Description: The Reverse Candle Strategy is designed to effectively identify and trade market trends by combining moving averages and custom candlestick patterns. The core of the strategy is a single, customizable moving average, which helps determine the trend direction. When the market price crosses above the moving average, this signifies the beginning of an uptrend. The strategy then tracks the highest price reached during the uptrend and waits for a correction. A specific custom candlestick pattern signals the end of the correction, at which point the strategy executes a long trade. In the case of a downtrend, the market price crossing below the moving average marks the trend’s start. The strategy monitors the lowest price during the downtrend and awaits a correction. The end of this correction is identified by another custom candlestick pattern, prompting the strategy to execute a short trade. This combination of a moving average with precise candlestick patterns ensures that trades are made at optimal moments, improving the likelihood of successful trades. The integration of the moving average and candlestick patterns is critical. The moving average smooths out price data to highlight the trend direction, while the custom candlestick patterns provide specific entry signals after a correction, ensuring the trend’s resumption is genuine. This synergy enhances the strategy’s ability to filter out false signals and improve trade accuracy. ↑ Long Entry Example: When the price is moving above the moving average and the highest price has been detected, the strategy will wait for the entry candle to execute the long trade. ↓ Short Entry Example: When the price is moving below the moving average and the lowest price has been detected, the strategy will wait for the entry candle to execute the short trade. ✕ Exit Conditions: To manage risk effectively, the strategy provides multiple stop-loss options. Traders can set stop-loss levels using fixed pips, ATR-based calculations, or the higher/lower price of past candles. Additionally, trades can be closed if a candle moves against the trade direction. Up to three take-profit levels can be set using fixed pips, ATR, or risk-to-reward ratios, allowing traders to secure profits at different stages. The trailing stop feature adjusts the stop loss as the trade moves into profit, locking in gains while allowing for continued potential upside. Furthermore, a break-even feature moves the stop loss to the entry price once a certain profit level is reached, protecting against losses. Trades can also be closed when the price crosses the moving average. ► Features & Settings: ⚙︎ Moving Average: Users can choose between various types of moving averages (e.g., SMA, EMA) to confirm the trend direction. ⚙︎ Trend & Corrections: Set minimum and maximum pips for trends and corrections, with an option to define correction percentages relative to the trend. ⚙︎ Entry Candle: Define the entry candle by specifying the minimum and maximum size of the candle's body and the ratio of the body to the entire candle size, ensuring significant breakouts trigger trades. ⚙︎ Trading Session: This feature allows users to define specific trading hours during which the strategy should operate, ensuring trades are executed only during preferred market periods. ⚙︎ Trading Days: Users can specify which days the strategy should be active, offering the flexibility to avoid trading on specific days of the week. ⚙︎ Backtesting: Enables a backtesting period during which the strategy can be tested over a selected start and end date. This feature can be deactivated if not needed. ⚙︎ Trades: Configure trade direction (long, short, or both), position sizing (fixed or percentage-based), maximum number of open trades, and daily trade limits. ⚙︎ Trades Exit: Various exit methods, such as setting profit or loss limits, trade duration, or closing trades on moving average crossings. ⚙︎ Stop Loss: Various stop-loss methods are available, including a fixed number of pips, ATR-based, or using the highest or lowest price points within a specified number of previous candles. Additionally, trades can be closed after a specific number of candles move in the opposite direction of the trade. ⚙︎ Break Even: This feature adjusts the stop loss to a break-even point once certain conditions are met, such as reaching predefined profit levels, to protect gains. ⚙︎ Trailing Stop: The trailing stop feature adjusts the stop loss as the trade moves into profit, securing gains while potentially capturing further upside. ⚙︎ Take Profit: up to three take-profit levels using fixed pips, ATR, or risk-to-reward ratios based on the stop loss. Alternatively, specify a set number of candles moving in the trade direction. ⚙︎ Alerts: The strategy includes a comprehensive alert system that informs the user of all significant actions, such as trade openings and closings. It supports placeholders for dynamic values like take-profit levels and stop-loss prices. ⚙︎ Dashboard: Visual display providing detailed information about ongoing and past trades on the chart, helping users monitor performance and make informed decisions. ► Backtesting Details: Timeframe: 30-minute NAS100 chart Initial Balance: $10,000 Order Size: 5 Units Commission: $0.5 per contract Slippage: 5 ticks Stop Loss: MA Crossing or by break even
Pine Script® strategy
by isalgo
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective The main goal of this strategy is to: Identify significant price momentum (big candles). Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence). Limit initial risk through a fixed stop loss. Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction. 2. Components of the Strategy A. Big Candle Identification The strategy identifies big candles as indicators of strong momentum. A big candle is defined as: The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles. The candle is: Bullish Big Candle: If close > open. Bearish Big Candle: If open > close. Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger. B. RSI Divergence Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence. Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements. Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe. Divergence: The difference between the fast and slow RSIs. Positive divergence (divergence > 0): Bullish momentum. Negative divergence (divergence < 0): Bearish momentum. Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts. C. Stop Loss Initial Stop Loss: When entering a trade, an immediate stop loss of 200 points is applied. This stop loss ensures the maximum risk is capped at a predefined level. Implementation: Long Trades: Stop loss is set below the entry price at low - 200 points. Short Trades: Stop loss is set above the entry price at high + 200 points. Purpose: Prevents significant losses if the price moves against the trade immediately after entry. D. Trailing Stop The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works: Activation Condition: The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction: Long Position: close - entry_price >= 200 ticks. Short Position: entry_price - close >= 200 ticks. Trailing Logic: Once activated, the trailing stop: For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks). For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks). Exit Condition: The trade exits automatically if the price touches the trailing stop level. Purpose: Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations. E. Trade Entry Logic Long Entry: Triggered when a bullish big candle is identified. Stop loss is set at low - 200 points. Short Entry: Triggered when a bearish big candle is identified. Stop loss is set at high + 200 points. F. Trade Exit Logic Trailing Stop: Automatically exits the trade if the price touches the trailing stop level. Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level. G. 21 EMA The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter. EMA helps visualize the overall market direction: Price above EMA: Indicates an uptrend. Price below EMA: Indicates a downtrend. H. Visualization Big Candle Identification: The open and close prices of big candles are plotted for easy reference. Trailing Stop: Plotted on the chart to visualize its progression during the trade. Green Line: Indicates the trailing stop for long positions. Red Line: Indicates the trailing stop for short positions. RSI Divergence: Positive divergence is shown in green. Negative divergence is shown in red. 3. Key Parameters trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks). trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks). initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points). tick_size: Automatically calculates the minimum tick size for the trading instrument. 4. Workflow of the Strategy Step 1: Entry Signal The strategy identifies a big candle (bullish or bearish). If conditions are met, a trade is entered with a fixed stop loss. Step 2: Initial Risk Management The trade starts with an initial stop loss of 200 points. Step 3: Trailing Stop Activation If the trade moves 200 ticks in the profitable direction: The trailing stop is activated and follows the price at a distance of 150 ticks. Step 4: Exit the Trade The trade is exited if: The price hits the trailing stop. The price hits the initial stop loss. 5. Advantages of the Strategy Risk Management: The fixed stop loss ensures that losses are capped. The trailing stop locks in profits after the trade becomes profitable. Momentum-Based Entries: The strategy uses big candles as entry triggers, which often indicate strong price momentum. Divergence Confirmation: RSI divergence helps validate momentum and avoid false signals. Dynamic Profit Protection: The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains. 6. Ideal Market Conditions This strategy performs best in: Trending Markets: Big candles and momentum signals are more effective in capturing directional moves. High Volatility: Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
Pine Script® strategy
by NomaAlgo
2
Engulfing Candlestick StrategyEver wondered whether the Bullish or Bearish Engulfing pattern works or has statistical significance? This script is for you. It works across all markets and timeframes. The Engulfing Candlestick Pattern is a widely used technical analysis pattern that traders use to predict potential price reversals. It consists of two candles: a small candle followed by a larger one that "engulfs" the previous candle. This pattern is considered bullish when it occurs in a downtrend (bullish engulfing) and bearish when it occurs in an uptrend (bearish engulfing). Statistical Significance of the Engulfing Pattern: While many traders rely on candlestick patterns for making decisions, research on the statistical significance of these patterns has produced mixed results. A study by Dimitrios K. Koutoupis and K. M. Koutoupis (2014), titled "Testing the Effectiveness of Candlestick Chart Patterns in Forex Markets," indicates that candlestick patterns, including the engulfing pattern, can provide some predictive power, but their success largely depends on the market conditions and timeframe used. The researchers concluded that while some candlestick patterns can be useful, traders must combine them with other indicators or market knowledge to improve their predictive accuracy. Another study by Brock, Lakonishok, and LeBaron (1992), "Simple Technical Trading Rules and the Stochastic Properties of Stock Returns," explores the profitability of technical indicators, including candlestick patterns, and finds that simple trading rules, such as those based on moving averages or candlestick patterns, can occasionally outperform a random walk in certain market conditions. However, Jorion (1997), in his work "The Risk of Speculation: The Case of Technical Analysis," warns that the reliability of candlestick patterns, including the engulfing patterns, can vary significantly across different markets and periods. Therefore, it's important to use these patterns as part of a broader trading strategy that includes other risk management techniques and technical indicators. Application Across Markets: This script applies to all markets (e.g., stocks, commodities, forex) and timeframes, making it a versatile tool for traders seeking to explore the statistical effectiveness of the bullish and bearish engulfing patterns in their own trading. Conclusion: This script allows you to backtest and visualize the effectiveness of the Bullish and Bearish Engulfing patterns across any market and timeframe. While the statistical significance of these patterns may vary, the script provides a clear framework for evaluating their performance in real-time trading conditions. Always remember to combine such patterns with other risk management strategies and indicators to enhance their predictive power.
Pine Script® strategy
by EdgeTools
Equilibrium Candles + Pattern [Honestcowboy]The Equilibrium Candles is a very simple trend continuation or reversal strategy depending on your settings. How an Equilibrium Candle is created: We calculate the equilibrium by measuring the mid point between highest and lowest point over X amount of bars back. This now is the opening price for each bar and will be considered a green bar if price closes above equilibrium. Bars get shaded by checking if regular candle close is higher than open etc. So you still see what the normal candles are doing. Why are they useful? The equilibrium is calculated the same as Baseline in Ichimoku Cloud. Which provides a point where price is very likely to retrace to. This script visualises the distance between close and equilibrium using candles. To provide a clear visual of how price relates to this equilibrium point. This also makes it more straightforward to develop strategies based on this simple concept and makes the trader purely focus on this relationship and not think of any Ichimoku Cloud theories. Script uses a very simple pattern to enter trades: It will count how many candles have been one directional (above or below equilibrium) Based on user input after X candles (7 by default) script shows we are in a trend (bg colors) On the first pullback (candle closes on other side of equilibrium) it will look to enter a trade. Places a stop order at the high of the candle if bullish trend or reverse if bearish trend. If based on user input after X opposite candles (2 by default) order is not filled will cancel it and look for a new trend. Use Reverse Logic: There is a use reverse logic in the settings which on default is turned on. It will turn long orders into short orders making the stop orders become limit orders. It will use the normal long SL as target for the short. And TP as stop for the short. This to provide a means to reverse equity curve in case your pair is mean reverting by nature instead of trending. ATR Calculation: Averaged ATR, which is using ta.percentile_nearest_rank of 60% of a normal ATR (14 period) over the last 200 bars. This in simple words finds a value slightly above the mean ATR value over that period. Big Candle Exit Logic: Using Averaged ATR the script will check if a candle closes X times that ATR from the equilibrium point. This is then considered an overextension and all trades are closed. This is also based on user input. Simple trade management logic: Checks if the user has selected to use TP and SL, or/and big candle exit. Places a TP and SL based on averaged ATR at a multiplier based on user Input. Closes trade if there is a Big Candle Exit or an opposite direction signal from indicator. Script can be fully automated to MT5 There are risk settings in % and symbol settings provided at the bottom of the indicator. The script will send alert to MT5 broker trying to mimic the execution that happens on tradingview. There are always delays when using a bridge to MT5 broker and there could be errors so be mindful of that. This script sends alerts in format so they can be read by tradingview.to which is a bridge between the platforms. Use the all alert function calls feature when setting up alerts and make sure you provide the right webhook if you want to use this approach. There is also a simple buy and sell alert feature if you don't want to fully automate but still get alerts. These are available in the dropdown when creating an alert. Almost every setting in this indicator has a tooltip added to it. So if any setting is not clear hover over the (?) icon on the right of the setting. The backtest uses a 4% exposure per trade and a 10 point slippage. I did not include a commission cause I'm not personaly aware what the commissions are on most forex brokers. I'm only aware of minimal slippage to use in a backtest. Trading conditions vary per broker you use so always pay close attention to trading costs on your own broker. Use a full automation at your own risk and discretion and do proper backtesting.
Pine Script® strategy
by Honestcowboy
Wavelet Candlestick Slope Follower-Master Edition Here is a short description of this script: This is a **Trend Following strategy** that utilizes advanced mathematics—the **Wavelet Transform**—to filter out market noise. **Key Features:** 1. **Synthetic Candles:** The script does not analyze raw prices. Instead, it constructs "Wavelet Candles"—smoothed candles created through mathematical convolution of prices with a specific wavelet "kernel" (e.g., Mexican Hat, Morlet, Haar). 2. **Auto-Correction (Normalization):** This is the most critical technical feature of this code. The script automatically normalizes the weights. This ensures that even when using complex mathematical shapes (like the Mexican Hat), the output price remains accurate to the real chart scale and is not distorted. 3. **Strategy Logic:** The logic is very straightforward—the system enters a **Long** position when the smoothed closing price (`w_close`) is rising, and closes the position when it starts to fall. 4. **Visualization:** It draws new, cleaner candles (green/red) on the chart, revealing the "true" trend structure after filtering out temporary fluctuations. This is a example of use idea of wavelet candle
Pine Script® strategy
by wojlucz
Pure Morning 2.0 - Candlestick Pattern Doji StrategyThe new "Pure Morning 2.0 - Candlestick Pattern Doji Strategy" is a trend-following, intraday cryptocurrency trading system authored by devil_machine. The system identifies Doji and Morning Doji Star candlestick formations above the EMA60 as entry points for long trades. For best results we recommend to use on 15-minute, 30-minute, or 1-hour timeframes, and are ideal for high-volatility markets. The strategy also utilizes a profit target or trailing stop for exits, with stop loss set at the lowest low of the last 100 candles. The strategy's configuration details, such as Doji tolerance, and exit configurations are adjustable. In this new version 2.0, we've incorporated a new selectable filter. Since the stop loss is set at the lowest low, this filter ensures that this value isn't too far from the entry price, thereby optimizing the Risk-Reward ratio. In the specific case of ALPINE, a 9% Take-Profit and and Stop-Loss at Lowest Low of the last 100 candles were set, with an activated trailing-stop percentage, Max Loss Filter is not active. Name : Pure Morning 2.0 - Candlestick Pattern Doji Strategy Author : @devil_machine Category : Trend Follower based on candlestick patterns. Operating mode : Spot or Futures (only long). Trades duration : Intraday Timeframe : 15m, 30m, 1H Market : Crypto Suggested usage : Short-term trading, when the market is in trend and it is showing high volatility . Entry : When a Doji or Morning Doji Star formation occurs above the EMA60. Exit : Profit target or Trailing stop, Stop loss on the lowest low of the last 100 candles. Configuration : - Doji Settings (tolerances) for Entry Condition - Max Loss Filter (Lowest Low filter) - Exit Long configuration - Trailing stop Backtesting : ⁃ Exchange: BINANCE ⁃ Pair: ALPINEUSDT ⁃ Timeframe: 30m ⁃ Fee: 0.075% ⁃ Slippage: 1 - Initial Capital: 10000 USDT - Position sizing: 10% of Equity - Start: 2022-02-28 (Out Of Sample from 2022-12-23) - Bar magnifier: on Disclaimer : Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk. How you or we can improve? Source code is open so share your ideas! Leave a comment and smash the boost button! Thanks for your attention, happy to support the TradingView community.
Pine Script® strategy
by TheSocialCryptoClub
6
APIBridge Candlestick Reversal SystemStrategy Premise This strategy uses the Wick Reversal System introduced in Pivot Boss and generates signals based on Candlestick Patterns. – Wick Reversal System – Extreme Reversal System – Outside Reversal System – Doji Reversal System Wick Reversal System: 1. For a Bullish reversal wick to exist, the close of the bar should fall within the top 35% of the overall range of the candle. 2. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35% of the overall range of the candle. Extreme Reversal System: 1. The first bar of the pattern is about two times larger than the average size of the candles in the look-back period. 2. The body of the first bar of the pattern should encompass more than 50% of the bar’s total range, but usually not more than 85%. 3. The second bar of the pattern opposes the first. If the first bar of the pattern is bullish (C > 0), then the second bar must be bearish (C < 0). If the first bar is bearish (C < 0), then the second bar must be bullish (C > 0). Outside Reversal System: 1. The Engulfing bar of a bullish outside reversal setup has a low that is below the prior bar’s low (L < L) and a close that is above the prior bar’s high (C > H). 2. The Engulfing bar of a bearish outside reversal setup has a high that is above the prior bar’s high (H > H) and a close that is below the prior bar’s low (C < L). 3. The Engulfing bar is usually 5 to 25 percent larger than the size of the average bar in the look-back period. Doji Reversal System: 1. The open and close prices of the Doji should fall within 10 percent of each other, as measured by the total range of the Candlestick . 2. For a Bullish Doji , the high of the Doji Candlestick should be below the ten-period Simple Moving Average (H SMA (10)). 4. For a Bearish Doji , one of the two bars following the Doji must close beneath the low of the Doji (C < L or C < L). 5. For a Bullish Doji setup, one of the two bars following the Doji must close above the high of the Doji (C > H) or C > H) Strategy Logic Long Entry: When Low Pivot Point and Wick Reversal System and Bullish Wick Reversal Setup Pattern Send, LE OR When Low Pivot Point and Extreme Reversal System and Bullish Extreme Reversal setup Send ,LE OR When Low Pivot Point and Outside Reversal System and Bullish Outside Reversal Setup Send LE OR When Low Pivot Point and Doji Reversal System and Bullish Doji Reversal Setup Send, LE Long Exit: Either when SL or Target is hit. If SL/ TGT is not hit and When High Pivot Point and Wick Reversal System and Bearish Wick Reversal Setup Pattern Send LXSE OR When High Pivot Point Extreme Reversal System and Bearish Extreme Reversal setup Send LXSE OR When High Pivot Point Outside Reversal System and Bearish Outside Reversal Setup Send LXSE OR When High Pivot Point Doji Reversal System and Bearish Doji Reversal Setup Send, LXSE Short Entry: When High Pivot Point and Wick Reversal System and Bearish Wick Reversal Setup Pattern Send SE OR When High Pivot Point Extreme Reversal System and Bearish Extreme Reversal setup Send SE OR When High Pivot Point Outside Reversal System and Bearish Outside Reversal Setup Send SE OR When High Pivot Point Doji Reversal System and Bearish Doji Reversal Setup Send, SE Short Exit: Either when SL or Target is hit. If SL/ TGT is not hit and When Low Pivot Point and Wick Reversal System and Bullish Wick Reversal Setup Pattern Send, SXLE OR When Low Pivot Point and Extreme Reversal System and Bullish Extreme Reversal setup Send ,SXLE OR When Low Pivot Point and Outside Reversal System and Bullish Outside Reversal Setup Send SXLE OR When Low Pivot Point and Doji Reversal System and Bullish Doji Reversal Setup Send, SXLE Candlestick Reversal System Algo Strategy Parameters for TradingView Charts 1.Length: This is number of bars used to calculated Ex: 14 à previous 14 candles are used 2.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time 3.Alert_Message : Need to copy while creating alert into Message Box 4.Trade Setup : Intraday / Positional (Selecct accordingly) 5.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1 6.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply 7.Use Second Session : Check this to use second intraday session 8.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2 9.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply 10.Use Target : check if you want to set required target if not cheque will not applicable 11.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable 12.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable 13.Point Or Percentage For TG SL : Use Points or Percentage as per your choice 14.Target : Set as per the selection of (Point Or Percentage For TG SL) 15.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL) 16.TSL_Type : Select as per your logic in %/ATR/Points 17.TSL_Input : Set in case you select %/Points in TSL_Type 18.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type 19.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type 20.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures ) 21.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures ) 22.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures ) 23.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures ) 24.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures ) 25.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures ) 26.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures ) 27.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM 28.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures ) 29.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only 30.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100 31.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet The Segment full form is given below EQ Equity FUTIDX Future Index FUTSTK Future Stock OPTIDX Index Option OPTSTK Stock Option FUTCUR Futcur Currency FUTCUM Future Commodity
Pine Script® strategy
by algoji