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Single Candle Model-DTFXThe script identifies the candles with engulfing body and marks the 50% of the candle for easy entry based on model of #DTFX single candle entry Interpreting the Signals: Look for candles labeled as "BE". These represent significant price action where the range is larger than the previous candle's range. Pay attention to the 50% line of the "BE" candle: A green line indicates a bullish "BE" candle. A red line indicates a bearish "BE" candle. Watch for Buy ("B") and Sell ("S") labels: "B": Indicates a potential bullish breakout. "S": Indicates a potential bearish breakdown. Alerts: Configure alerts in TradingView to notify you whenever a "B" or "S" signal is detected. This allows you to act on the signals without constantly monitoring the chart. Use in Trading Strategies: Combine this indicator with other tools like support/resistance levels, moving averages, or trend analysis to validate the signals. Use the midpoint (50% line) of the "BE" candle as a potential reference point for stop-loss or target levels. Customizations: Adjust the appearance of labels and lines by modifying their style, color, or placement in the script. Add filters (e.g., timeframes or volume conditions) to refine the detection of "BE" candles. This indicator helps traders identify pivotal price movements and act on potential breakouts or breakdowns with clear visual markers and alerts.
Pine Script® indicator
by pasha87669359
1
TechniTrend: Strong Candles DetectorTechniTrend: Strong Candles Detector Description: The TechniTrend: Strong Candles Detector indicator is designed to identify strong candlestick patterns based on customizable thresholds of candle strength, volume, and price volatility. By detecting significant candles that have a high proportion of body relative to total range, the indicator helps traders identify potential shifts in market direction, making it a useful tool for trend analysis and reversal spotting. Key Features: Candle Strength Detection: The indicator calculates the strength of a candle based on the ratio of its body (difference between open and close) to its total range (high minus low). If the body size exceeds a user-defined threshold, the candle is flagged as strong. This helps traders quickly identify key candles that may signal market movements. Volume Confirmation (Optional): An optional volume confirmation allows the indicator to only flag candles as "strong" if the trading volume during the candle exceeds the average volume over a customizable period. This can help validate that a candle’s movement is backed by significant market participation. Volatility Body Confirmation (Optional): Users can further refine the detection by requiring that the body of a strong candle exceed the average body size (volatility) of previous candles. This ensures that candles with greater price movement are prioritized. Customizable Inputs: Strength Threshold: Defines the minimum ratio of body to total range for a candle to be considered strong. Moving Average Type: Choose from SMA, EMA, or WMA for calculating the moving average of volume or body volatility. Volume and Body Confirmation: Adjust the percentage thresholds for the difference between the current volume/body size and their average values. Visual Alerts: The indicator marks strong bullish candles with green upward labels below the candle, and strong bearish candles with red downward labels above the candle. Additionally, strong candles can be highlighted with a customizable background color for easier visualization. How It Works: Strength Ratio: The core of this indicator is the calculation of the strength ratio, which is defined as the body size (open-close) divided by the total range (high-low). If the body size is larger relative to the total range and exceeds the user-defined threshold, the candle is flagged as strong. Volume and Volatility Confirmation: For traders seeking additional confirmation, the indicator can be configured to only mark candles if the current volume or body volatility exceeds the average by a user-defined percentage. These confirmations can be toggled on or off to suit different trading strategies. Customization Options: Strength Threshold (0-1): Sets the minimum strength required for a candle to be flagged. A higher value will result in fewer but more significant candles being marked. Volume Confirmation: Toggle on to require a higher volume compared to the average volume for a candle to be confirmed as strong. Volatility Body Confirmation: Toggle on to require a larger candle body compared to the average body size for further confirmation. Candle Color: Choose the background color used to highlight strong candles. Recommended Settings: Strength Threshold: 0.7 (for a good balance between body and range) Volume Difference: 0.05 (5% above the average volume) Body Volatility Difference: 0.05 (5% above the average body size) Length: 14 (for volume and volatility moving averages) Conclusion: The TechniTrend: Strong Candles Detector is an easy-to-use yet powerful tool for traders who want to identify key candles that signal potential market trends. Its customizable settings allow for fine-tuning to fit different trading styles, whether looking for high-volume breakouts or significant price movements. The indicator offers both a visual and configurable alert system to help traders make more informed decisions.
Pine Script® indicator
by itsKraken
Higher Time Frame {HTF} Candles [QuantVue]Introducing the Higher Time Frame {HTF} Candles from QuantVue! This script was developed to help you visually emphasize higher time frame (HTF) candles. Higher time frames reduce the 'noise' inherent in lower time frames, providing a clearer, more accurate picture of the market's movements. By examining higher time frames, you can better identify trends, reversals, and key areas of support and resistance. The Higher Time Frame Candles indicator overlays higher time frame data directly onto your current chart. You can easily specify the higher time frame candles you'd like to view, and the indicator will overlay the higher time frame candles directly over the corresponding current time frame bars. This indicator by default will display the most current higher time frame candle plus the previous 5 candles. Give this indicator a BOOST and COMMENT your thoughts! We hope you enjoy. Cheers.
Pine Script® indicator
by QuantVue
16
Heikinisi Candle (With MA + Smoothing + Buy/Sell with Cooldown)This custom Heikinisi Candle (With MA + Smoothing + Buy/Sell with Cooldown) indicator combines the advantages of Heikin-Ashi candles with the flexibility of multiple moving averages and smoothing options. The built-in buy/sell signals with cooldown functionality help traders avoid overtrading while capturing trend reversals and momentum shifts. Whether you're a day trader, swing trader, or long-term investor, this indicator offers powerful tools for analyzing price action and making informed trading decisions. Note: Disable the regular candle to get better visualization. Key Features: Custom Heikin-Ashi Candles: The core feature of this script is the Heikin-Ashi candles, which are known for smoothing price action and helping traders identify market trends more clearly. Unlike traditional Heikin-Ashi, this version adjusts the Heikin-Ashi close based on specific price action patterns, including rejection signals and engulfing patterns. The custom Heikin-Ashi open also incorporates momentum, adjusting dynamically based on recent price changes. Price Action Measurements: The indicator measures key price action components, including: Body: The absolute difference between the open and close. Candle Range: The total range from high to low. Upper Wick: The distance from the highest price to the maximum of open or close. Lower Wick: The distance from the lowest price to the minimum of open or close. These measurements help detect bullish and bearish conditions, as well as price rejection signals. Buy/Sell Signal Logic: Buy Signal: Triggered when the Heikin-Ashi close is above the chosen moving average (MA1), with a cooldown period to avoid too frequent signals. Sell Signal: Triggered when the Heikin-Ashi close falls below the MA1 after a buy signal has already been issued. The cooldown period ensures that buy and sell signals are spaced apart by a specific number of bars, preventing excessive signal generation during periods of price consolidation. Multiple Moving Averages (MA): This script supports up to three customizable moving averages (MA1, MA2, MA3), each of which can be set to different types and lengths, including: Simple Moving Average (SMA) Exponential Moving Average (EMA) Weighted Moving Average (WMA) Volume Weighted Moving Average (VWMA) Volume Weighted Moving Price (VWMP) Least Squares Moving Average (LSMA) Hull Moving Average (HMA) Double Exponential Moving Average (DEMA) Triple Exponential Moving Average (TEMA) Users can adjust the length and type of each MA for tailored analysis. Smoothing Options for MAs: Users can smooth the output of MAs using various types of smoothing algorithms (SMA, EMA, LSMA, WMA, Gaussian) and a customizable length. This helps to reduce noise in the moving average lines and provides clearer signals. Gaussian Filter (Advanced Smoothing): A Gaussian Filter is available as a smoothing option for MAs. This filter reduces noise and makes the moving averages smoother, which can be particularly helpful in volatile or choppy markets. Alerts and Visualization: The script allows users to plot buy and sell signals on the chart with distinctive markers. A Buy Signal is shown below the bar with a lime green marker and text "Buy," while a Sell Signal is shown above the bar with a red marker and text "Sell." Traders can also set up alerts based on the buy/sell signals to get notified in real time. Indicator Configuration: Heikin-Ashi Candle Configuration: Automatically adjusts Heikin-Ashi candles based on rejection signals, engulfing patterns, and momentum. It uses custom formulas for the Heikin-Ashi open and close, making it more sensitive to price action than standard Heikin-Ashi candles. Moving Averages (MA) Configuration: You can select from multiple moving average types and lengths (MA1, MA2, MA3) for trend-following analysis. Choose between SMA, EMA, WMA, VWMA, VWMP, LSMA, HMA, DEMA, and TEMA. Smoothing Options: Enable or disable smoothing for the moving averages. Select from different smoothing types, including SMA, EMA, RMA, WMA, LSMA, and Gaussian. Cooldown Period: Control the number of bars that must pass before a new buy/sell signal is triggered. This cooldown period helps prevent excessive trading signals in quick succession. How to Use: Analyze Price Action with Heikin-Ashi Candles: The custom Heikin-Ashi candles are ideal for spotting market trends, reversals, and price rejection. Use the candle patterns to gauge the market sentiment. Use MAs for Trend Confirmation: The moving averages (MA1, MA2, MA3) can help identify the prevailing trend. A price above a rising MA indicates an uptrend, while a price below a falling MA suggests a downtrend. Trigger Buy and Sell Signals: When the Heikin-Ashi close crosses above MA1, a buy signal is triggered. When the Heikin-Ashi close crosses below MA1 after a buy signal, a sell signal is triggered. The cooldown period ensures that signals are spaced out, preventing overtrading. Use Smoothing for Clearer Signals: If you are trading in a volatile market, you can use the smoothing options to make the MAs smoother and reduce noise.
Pine Script® indicator
by bestindicatorsever
4
LinReg Heikin Ashi CandlesLinear Regression Heikin Ashi Candles will dramatically change how the candlesticks on your chart will appear. This script creates Heikin Ashi candles from the existing candlesticks and then applies wickless Linear Regression candles as an overlay. The result is an ultra smoothed 'Renko-like' chart that remains time-based and responsive. Key Features: Heikin Ashi Base: Provides a smoother representation of price trends by filtering out noise. Linear Regression Candles on Heikin Ashi: Plots Linear Regression lines as candles on the Heikin Ashi chart, potentially highlighting the immediate trend direction and momentum within the smoothed data. Wicks are intentionally removed for a clearer focus on the linear progression. Tillson T3 Moving Averages: Includes fast and slow T3 Moving Averages with customizable length and alpha. These smoothed moving averages can help identify trend direction and potential crossover signals. Users can toggle their visibility. Volatility Bands: Integrates Volatility Bands based on Average True Range (ATR) with customizable length, ATR type (RMA, SMA, EMA, WMA), and inner/outer multipliers. These bands help gauge price volatility and potential reversal zones. Users can toggle the visibility of the basis line. Customizable Colors: Allows users to customize the colors of the Linear Regression Heikin Ashi bullish and bearish candles. How to Use: This is an overlay on your chart so you'll need to 'hide' the existing candlesticks on your chart. This indicator can be used on any timeframe from seconds to days to quickly identify market trend, gauge volatility, and potentially find entry/exit points. Consider looking for confluence between the candle color/direction, T3 MA crossovers, and price interaction with the Volatility Bands. Note: This indicator plots Linear Regression directly on Heikin Ashi candles, removing wicks for a focus on the linear trend within the smoothed data. Adjust the input parameters to suit your trading style and the specific market conditions. HUGE CREDIT to ugurvu who originally created the Linear Regression Candles indicator that my indicator pulls code from.
Pine Script® indicator
by B3AR_Trades
12
Strategy: Candlestick Wick Analysis with Volume Conditions This strategy focuses on analyzing the wicks (or shadows) of candlesticks to identify potential trading opportunities based on candlestick structure and volume. Based on these criteria, it places stop orders at the extremities of the wicks when certain conditions are met, thus increasing the chances of capturing significant price movements. Trading Criteria Volume Conditions: The strategy checks if the volume of the current candle is higher than that of the previous three candles. This ensures that the observed price movement is supported by significant volume, increasing the probability that the price will continue in the same direction. Wick Analysis: Upper Wick: If the upper wick of a candle represents more than 90% of its body size and is longer than the lower wick, this indicates that the price tested a resistance level before pulling back. Order Placement: In this case, a Buy Stop order is placed at the upper extremity of the wick. This means that if the price rises back to this level, the order will be triggered, and the trader will take a buy position. SL Management: A stop-loss is then placed below the lowest point of the same candle. This protects the trader by limiting losses if the price falls back after the order is triggered. Lower Wick: If the lower wick of a candle is longer than the upper wick and represents more than 90% of its body size, this indicates that the price tested a support level before rising. Order Placement: In this case, a Sell Stop order is placed at the lower extremity of the wick. Thus, if the price drops back to this level, the order will be triggered, and the trader will take a sell position. SL Management: A stop-loss is then placed above the highest point of the same candle. This ensures risk management by limiting losses if the price rebounds upward after the order is triggered. Strategy Advantages Responsiveness to Price Movements: The strategy is designed to detect significant price movements based on the market's reaction around support and resistance levels. By placing stop orders directly at the wick extremities, it allows capturing strong movements in the direction indicated by the candles. Securing Positions: Using stop-losses positioned just above or below key levels (wicks) provides better risk management. If the market doesn't move as expected, the position is automatically closed with a limited loss. Clear Visual Indicators: Symbols are displayed on the chart at the points where orders have been placed, making it easier to understand trading decisions. This helps to quickly identify the support or resistance levels tested by the price, as well as potential entry points. Conclusion The strategy is based on the idea that large wicks signal areas where buyers or sellers have tested significant price levels before temporarily retreating. By placing stop orders at the extremities of these wicks, the strategy allows capturing price movements when they confirm, while limiting risks through strategically placed stop-losses. It thus offers a balanced approach between capturing potential profit and managing risk. This description emphasizes the idea of capturing significant market movements with stop orders while providing a clear explanation of the logic and risk management. It’s tailored for publication on TradingView and highlights the robustness of the strategy.
Pine Script® indicator
by imane-academy
Muqwishi Volumetric CandleIntroduction Have you ever heard that each candle represents a battle between bulls (buyer) and bears (seller)? If you know the answer, apparently you understand what the price action means. What if I ask you, how much was bloody in each battle between bulls and bears?!. This indicator may give a clear picture of how to identify the candle’s strength by implementing the Standard Deviation on volume and reshape the candle. The Muqwishi Volumetric Candles indicator works to weigh each candle instantaneously and updates its color level from lightness to darkness based on the rate of the volumetric standard deviation. Here’s how the idea started with the conceptual design, then improved till achieved to the implemented design of a structured candle. The conceptual design mentioned for reviewing how the idea started. However, I want you to understand the “implemented design” in which the indicator has been built to address it. As I stated structurally for the implemented design section, wick and border are identified by the user through “Chart Properties” unlike core and body is measured by the indicator. The candle’s body is ”Dynamic” that colored based on the amount of volume standard deviation in which the low volume standard deviation is a lighter candle’s color and the high volume standard deviation is a darker candle’s color. The core is “Static” color represents zero volume standard deviation which the volume at the average level. In the case where the core is darker than the body means the volume standard deviation is lower than the average volume level, and when the core is lighter than the body mean the volume standard deviation is higher than the average volume level, and when the core’s color has the same body’s color means the volume is in the average level. The image is the best guide to understand the idea. Rarely seeing a volume standard deviation below -2σ, even though the volume is apparently dead. However, it’s possible to see more than 3.9σ, and mostly it has the same effect as 3.9σ. Personally, any candle above 1.5σ is taking my attention, and more than 2σ I look around seeking for reasons to not take a trade. §§ Note, if you have misunderstood the standard deviation concept, there are many great sources to understand it such as Wikipedia, YouTube,... etc. In a basic example, How much is your height relative to the height of average people in your city!!?. Similarly, how much is the amount of volume relative to the average volume of a number series of previous bars?!. Indicator Overview Before I get into this section, this is NOT meant to be an educational or recommendation. Just showing you how I use this indicator based on an experience. The chart above has been remarked as an example of how I apply it. Again, it’s a personal preference, and it doesn’t mean this’s an efficient way. Indicator Setting ➤ Ensure to visualize the indicator to the front for recognition of the candle’s core. For more information check the image: drive.google.com ➤ Indicator’s title. Generates two outputs. The first one is the coordinate location for the char “Core”, don’t pay attention to it. The second one colored in blue is referring to the measurement of the volume standard deviation as your cursor point move at any candle on the chart. For more information check the image: drive.google.com ➤ Indicator’s inputs. ■ Length: Number of previous bars covered in the calculation. Prefer between 14-20. ■ Long Candle Color: Choose a color for bullish candles. ■ Short Candle Color: Choose a color for bearish candles. ■ Color Mode: Kinda color style. ● Lightness: From lightness to darkness colored as low volume SD to high volume SD. ● Saturation: From narrow range to wide range colored as low volume SD to high volume SD. ■ Reverse Mode: Yes → Darkness to Lightness colored as low SD to high SD. ■ Show Core: No → Hide cores. Summarize ■ Users should have a fundamental knowledge of Standard Deviation. ■ The candle’s body is dynamic colored. Got light as low volume standard deviation, and Dark as high volume standard deviation occurred. ■ The Candle’s core is static colored. Represents the average volume which Standard Deviation equals zero. ■ This’s not a trading signal. It works to visualize the level of transactions made per candle. Final Comments ■ My goal was to achieve the conceptual design, but there’re many obstacles that go beyond the coding ability. ■ Let me know if you have any questions, comments, and any improvements to the project. ■ I hope every time you found this indicator useful and scaled up your trading skills, please present support through PayPal that linked in the signature box below. That will help to get me excited and post many ideas. ■ Trade Safe. ✌
Pine Script® indicator
by MUQWISHI
19
DeltaStrike — Aggressive Candle Detector by Chaitu50cDeltaStrike — Aggressive Candle Detector by Chaitu50c DeltaStrike is a simple and effective tool designed to help traders identify the most aggressive candles on the chart in real time. It works purely on price action and internal candle dynamics, with no reliance on lagging indicators. The indicator combines delta (directional strength), candle range, and volume to compute an overall aggressiveness score for each candle. When this score exceeds a dynamic threshold based on recent market behavior, the candle is marked as an aggressive move. Aggressive bullish candles are plotted as green diamonds below the candle, while aggressive bearish candles are plotted as red diamonds above the candle. The goal is to help traders visually spot moments of strong directional pressure, where potential trends or reversals may emerge. The detection logic adapts automatically to changing market volatility and volume, making it suitable for all instruments and timeframes, including index futures, equities, and forex. An integrated dashboard on the chart displays live readings of the key components contributing to each candle’s aggressiveness score: delta ratio, range ratio, and volume ratio. This helps traders understand the internal structure of each aggressive move. Features: Dynamic aggressiveness detection based on delta, range, and volume Adaptive threshold for consistent behavior across timeframes and instruments Clean chart output with clear diamond markers only on selected candles Live dashboard with internal metrics for advanced analysis Simple, lightweight, and optimized for intraday and swing trading Works with any instrument: index, equity, forex, commodity DeltaStrike is intended as an objective visual aid to help traders focus on genuine moments of strong market intent, filtering out ordinary or passive price movement. It can be used standalone or in combination with your existing trading strategy.
Pine Script® indicator
by chaitu50c
1
Volume Width Based Candles Overview This indicator reimagines traditional candlestick charts by adjusting the horizontal width of each candle based on the bar’s trading volume. In other words, candles with higher volume appear wider, while those with lower volume are drawn narrower. This extra visual dimension can help traders quickly identify bars with significant volume relative to a defined lookback period. Key Components Volume Normalization: The script calculates the highest volume over a user-defined lookback period (default is 100 bars). Each bar’s volume is then normalized by dividing it by this maximum value. The result is a value between 0 and 1 that represents how the current volume compares to the maximum over the lookback. Variable Candle Width Calculation: A base multiplier (default set to 0.4) is used to control how much the volume influences the candle width. The normalized volume is multiplied by this multiplier to compute an offset value. Instead of using timestamps (which could lead to drawing objects too far into the future), the script uses the bar_index (the sequential index of bars) to determine the left and right positions of each candle. The left and right x–positions are calculated by subtracting and adding the offset from the current bar index, respectively. Candle Body & Wick Drawing: Candle Body: The body is drawn using box.new as a rectangle. The top and bottom of the box are determined by the higher and lower values of the open and close prices. The color of the candle is set based on whether the bar is bullish (green) or bearish (red). Wicks: The upper wick is drawn from the high of the bar down to the top of the body. The lower wick is drawn from the low up to the bottom of the body. These are created using line.new at the current bar index. Handling Edge Cases: The indicator includes conditions to avoid drawing errors on the very first bar (or any bar where prior data is unavailable). It also converts the calculated x–coordinates (which are derived from the bar index plus a floating point offset) to integers since box.new requires integer values for positioning. What It Tells the Trader Volume Visualization: Wider candles indicate bars where trading volume is high relative to recent history, potentially highlighting periods of increased market activity. Narrower candles suggest lower volume, which can signal less interest or participation during that bar. Contextual Price Action: By integrating volume into the visual representation of each candle, traders get an immediate sense of the strength behind price movements. This can be particularly useful for spotting potential breakouts, reversals, or confirming trends when analyzed alongside traditional price-based indicators. Customization Options Volume Lookback Period: You can adjust the number of bars considered when determining the maximum volume. A shorter period may be more responsive to recent changes, while a longer period provides a broader context. Base Width Multiplier: Adjusting this multiplier changes how pronounced the effect of volume is on the candle’s width. Increasing it will make high-volume candles even wider, and decreasing it will reduce the difference between high and low volume candles. Final Thoughts This indicator is a creative way to overlay volume information directly onto the price chart without the need for separate volume bars. It provides an at-a-glance understanding of market activity and can be a valuable addition to a trader’s toolkit, especially for those who prefer visual cues integrated with price action. However, due to limitations (like the maximum number of drawn boxes), it’s best used on charts with a moderate amount of historical data or with appropriate adjustments to manage performance.
Pine Script® indicator
by TradeMentorship
Sweep Candle [odnac] ATR Imbalance Detection This feature highlights candles that have a significantly larger range compared to the average true range (ATR). How it works: A candle is considered imbalanced if its range (high - low) exceeds a specified multiple of the ATR (default multiplier is 1.5, with an ATR length of 5). Visualization: Such candles are highlighted in yellow. Engulfing Candle Detection This feature detects bullish and bearish engulfing candles. Types Standard: Traditional engulfing pattern where the current candle fully "engulfs" the previous one. Sweep: A variation where the candle engulfs the previous one and sweeps the previous low (for bullish) or high (for bearish). Visualization: Bullish engulfing patterns are marked with a green triangle below the candle. Bearish engulfing patterns are marked with a red triangle above the candle. Momentum Candle Detection This feature identifies candles with strong upward or downward momentum compared to the previous candle. Types Standard: A basic momentum pattern where the current candle continues the price direction with strong momentum. Sweep: A variation where the candle sweeps the previous low (for bullish) or high (for bearish). Visualization: Bullish momentum candles are marked with a green circle below the candle. Bearish momentum candles are marked with a red circle above the candle. Summary This indicator helps traders identify significant market conditions such as imbalances, engulfing candles, and momentum patterns, making it a valuable tool for technical analysis and trend-following strategies. The customizable settings provide flexibility to adapt the tool to different trading styles.
Pine Script® indicator
by odnac
3
Candles Volume HeatMap [BigBeluga]Candles Volume HeatMap The Candle Volume HeatMap indicator is a unique and advanced tool that visualizes lower timeframe volume activity within higher timeframe candles, offering traders a granular perspective on volume distribution. ⚠️Important note: before using the indicator, it is necessary to apply it to the candles 🔵Key Features: Volume HeatMap Visualization: The indicator breaks down each higher timeframe candle into 10 equal vertical segments (boxes) based on its high-to-low range. Each box represents a lower timeframe candle's volume activity, with more intense colors indicating stronger volume levels. Lower Timeframe Integration: Automatically uses a timeframe 10x lower than the current chart. For example, on a 10-hour chart, it uses 1-hour candles to extract volume data. POC (Point of Control): The highest volume box within each candle is marked with the volume value. The indicator also plots a horizontal POC line at the level of this box, highlighting significant areas of price interest. The POC line is removed once the price crosses it, ensuring the chart stays clean. Delta Display (Optional): Traders can enable the Delta feature to analyze buyer vs. seller activity within each higher timeframe candle. Delta is calculated by summing 10 lower timeframe candles: a bullish candle adds to buyers, while a bearish candle adds to sellers. Displays the net Delta percentage: positive values (white) indicate buyer dominance, while negative values (red) indicate seller dominance. Dynamic Volume Scaling: The highest volume value in each candle is displayed inside its respective box, providing quick insights into critical price-volume levels. 🔵How It Works: For each higher timeframe candle, the indicator analyzes 10 lower timeframe candles and maps their volume into 10 segments (boxes) between the high and low of the current candle. The intensity of each box's color corresponds to the relative volume of the lower timeframe candle it represents. The POC highlights the price level with the highest concentration of volume, aiding in identifying potential support/resistance zones. Delta analysis offers additional insights into market sentiment by breaking down buyer and seller activity in each candle. 🔵Use Cases: Spotting key volume areas within higher timeframe candles to identify support and resistance levels. Analyzing volume concentration for potential breakout or reversal zones. Leveraging Delta analysis to gauge market sentiment and confirm volume-based trends. This indicator is ideal for traders seeking to combine volume analysis with price action, offering precise insights into volume distribution and market dynamics.
Pine Script® indicator
by BigBeluga
3
Inside Bar + Bullish and Bearish candlestick [Tarun] Inside Bar Detection: The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low. Inside bars are highlighted with an orange color. Bearish Candlestick Patterns: Bearish Engulfing: When the current candlestick's body completely engulfs the previous candlestick's body. Dark Cloud Cover: When a bullish candle is followed by a bearish candle that opens above the previous bullish candle's close but closes below its midpoint. Bearish Harami: When a small bullish candlestick is engulfed by a larger bearish candlestick. Evening Star: A three-candle pattern consisting of a large bullish candle, a small-bodied candle with a gap up or down, and a large bearish candle that closes below the midpoint of the first candle. Shooting Star: A single candlestick pattern with a small real body near the bottom of the price range and a long upper shadow. Bearish Marubozu: A candlestick with a long bearish body and little to no upper or lower shadows. Bearish candlestick patterns are highlighted with a red color and labeled with abbreviated names. Bullish Candlestick Patterns: Bullish Engulfing: Opposite of bearish engulfing, where the current candlestick's body completely engulfs the previous candlestick's body. Piercing Pattern: When a bearish candle is followed by a bullish candle that opens below the previous bearish candle's low but closes above its midpoint. Bullish Harami: Similar to bearish harami but bullish, where a small bearish candlestick is engulfed by a larger bullish candlestick. Morning Star: A three-candle pattern opposite to the evening star, signaling a potential reversal from downtrend to uptrend. Bullish Hammer: A single candlestick pattern with a small real body near the top of the price range and a long lower shadow. Bullish Marubozu: A candlestick with a long bullish body and little to no upper or lower shadows. Bullish candlestick patterns are highlighted with a purple color and labeled with abbreviated names.
Pine Script® indicator
by tarun171977
1
Bullish vs. Bearish Candle CounterFollowing an exhaustive analysis of the most recent 50,000 candles within a given currency pair, a notable equilibrium between bearish and bullish candles has emerged as a persistent market phenomenon. This equilibrium, indicative of the market's continuous endeavor to establish parity, has spurred the development of the following indicator. The indicator meticulously scrutinizes the preceding 100 candles, promptly triggering an on-chart marker when either bullish or bearish candle counts surpass the threshold of 60%. This marker serves as an invaluable tool, providing traders with a potential signal for the initiation of a trend reversal. As such, this indicator serves as a valuable asset in a trader's toolkit, offering insights into shifts in market sentiment and the prospect of emerging trends. Key Features: - Customizable Candle Count: Traders can set the number of candlesticks to be analyzed in the input parameters, allowing flexibility in their analysis. - Bullish and Bearish Percentage: Users can define their desired percentage for both bullish and bearish candles in the indicator's settings. The indicator calculates the percentage of each candle type within the specified range. - Arrow Signals: The indicator plots arrows above or below the current candle, indicating bullish or bearish conditions based on the defined percentage thresholds. A green arrow signifies bullish sentiment, while a red arrow denotes bearish sentiment. How to Use: - Adjust Parameters: In the indicator settings, users can customize the number of candlesticks to be analyzed, as well as set their preferred percentages for both bullish and bearish conditions. - Interpret Arrows: The indicator generates arrows above or below the current candle, reflecting the prevailing market sentiment. A green arrow suggests a bullish bias, while a red arrow indicates a bearish bias. - Trade with Confidence: Traders can use this indicator as a tool to gauge market sentiment and make informed trading decisions. It helps identify potential entry and exit points based on the chosen percentage thresholds.
Pine Script® indicator
by Rami_LB
Indecision Candle FinderIndecision Candle Finder, is a simple indicator for quickly identifying indecision candles. What does Indecision Candle Finder Indicator Does? This indicator enables quick and easy identification of indecision candles. When an indecision candle appears on a chart, this indicator identifies this candle with either a red circle for a bearish indecision candle, or a green circle for bullish indecision candle. What is an indecision candle? Indecision candles are relatively small and opposite direction candles that appear between two equal direction candles on a trending market. These candles usually have a smaller body than their wicks and can appear on any timeframe. How to use Indecision Candle Finder Properly? Indecision candles by definition indicate indecisiveness in the market. These are areas where some traders, especially the smart money do trades opposite to the market direction. On a trending market, these areas may work as resistance/support zones when the trend changes or the market makes a correction. Indecision Candles especially work well on higher timeframes. Example #1 In this graph, we can see a valid example of an indecision candle. A relatively small bearish candle appearing on a trending market. This zone worked as a resistance zone when the trend changes.
Pine Script® indicator
by LordBarlord
1
CPR with inside candle, Pivot Points and 4EMA The CPR trading strategy is a technical analysis approach that combines multiple indicators to determine potential price levels and trading opportunities. The strategy uses three main components: Inside Candles, Pivot Points, and the 4EMA. Inside Candles: The Inside Candle pattern is a candlestick pattern where the current candle has a lower high and a higher low than the previous candle. This pattern can indicate a period of consolidation or indecision in the market and can signal a potential reversal or continuation of the trend. Pivot Points: Pivot Points are technical indicators that use the previous day's price data to calculate key levels of support and resistance for the current trading day. These levels can act as potential areas of buying or selling pressure and can help traders identify potential entry and exit points. 4EMA: The 4EMA is a short-term Exponential Moving Average that tracks the average price of an asset over the previous four periods. This indicator is used to help identify short-term trends in the market and can signal potential buying or selling opportunities. To apply the CPR strategy, traders first look for Inside Candles on their chart, indicating a period of consolidation or indecision in the market. Next, they identify the Pivot Points for the current trading day, which can act as potential areas of support or resistance. Finally, traders use the 4EMA to confirm the direction of the trend and potential entry or exit points. For example, if an Inside Candle forms at a Pivot Point level and the 4EMA is indicating an uptrend, this could be a potential buying opportunity. Conversely, if an Inside Candle forms at a Pivot Point level and the 4EMA is indicating a downtrend, this could be a potential selling opportunity.
Pine Script® indicator
by MrAbhishek
9
Upper Candle Trends [theEccentricTrader]█   OVERVIEW This indicator simply plots upper candle trends and should be used in conjunction with my Lower Candle Trends indicator as a visual aid to my Upper and Lower Candle Trend Counter indicator. █   CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Upper Candle Trends • A higher high candle is one that closes with a higher high price than the high price of the preceding candle. • A lower high candle is one that closes with a lower high price than the high price of the preceding candle. • A double-top candle is one that closes with a high price that is equal to the high price of the preceding candle. Lower Candle Trends • A higher low candle is one that closes with a higher low price than the low price of the preceding candle. • A lower low candle is one that closes with a lower low price than the low price of the preceding candle. • A double-bottom candle is one that closes with a low price that is equal to the low price of the preceding candle. Muti-Part Upper and Lower Candle Trends • A multi-part higher high trend begins with the formation of a new higher high and continues until a new lower high ends the trend. • A multi-part lower high trend begins with the formation of a new lower high and continues until a new higher high ends the trend. • A multi-part higher low trend begins with the formation of a new higher low and continues until a new lower low ends the trend. • A multi-part lower low trend begins with the formation of a new lower low and continues until a new higher low ends the trend. █   FEATURES Plots Green up-arrows, with the number of the trend part, denote higher high trends. Red down-arrows, with the number of the trend part, denote lower high trends. █   LIMITATIONS Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green.
Pine Script® indicator
by theEccentricTrader
Lower Candle Trends [theEccentricTrader]█   OVERVIEW This indicator simply plots lower candle trends and should be used in conjunction with my Upper Candle Trends indicator as a visual aid to my Upper and Lower Candle Trend Counter indicator. █   CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Upper Candle Trends • A higher high candle is one that closes with a higher high price than the high price of the preceding candle. • A lower high candle is one that closes with a lower high price than the high price of the preceding candle. • A double-top candle is one that closes with a high price that is equal to the high price of the preceding candle. Lower Candle Trends • A higher low candle is one that closes with a higher low price than the low price of the preceding candle. • A lower low candle is one that closes with a lower low price than the low price of the preceding candle. • A double-bottom candle is one that closes with a low price that is equal to the low price of the preceding candle. Muti-Part Upper and Lower Candle Trends • A multi-part higher high trend begins with the formation of a new higher high and continues until a new lower high ends the trend. • A multi-part lower high trend begins with the formation of a new lower high and continues until a new higher high ends the trend. • A multi-part higher low trend begins with the formation of a new higher low and continues until a new lower low ends the trend. • A multi-part lower low trend begins with the formation of a new lower low and continues until a new higher low ends the trend. █   FEATURES Plots Green up-arrows, with the number of the trend part, denote higher low trends. Red down-arrows, with the number of the trend part, denote lower low trends. █   LIMITATIONS Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green.
Pine Script® indicator
by theEccentricTrader
Oxy CandlestickOxymoronic (oxy) candlesticks often appear at significant levels in a chart and can indicate increased probabilities of directional moves. Typically, green candles are hollow and red candles are filled. An oxymoronic candle is colored bullishly but filled bearishly (solid green) or vice versa (hollow red). Oxy flags occur when: 1) Price gaps up and closes lower than the open but above the last close. A solid green (or black) candle is bearish. 2) Price gaps down and closes higher than the open but below the last close. A hollow red candle is bullish. An oxy candle indicates one of three things: 1) Price is going up (bullish oxy) 2) Price is going down (bearish oxy) 3) Price will return to this level (either) #1 and #2 are the default meaning. If those don't play out then look for #3. As is the case with most indicators, it is best not to use this indicator in isolation, but to combine it with other forms of analysis to increase your probabilities and to identify significant levels.
Pine Script® indicator
by SkyHighTA
Candlestick Pattern IdentifierMy script builds upon another user-submitted script by rebuilding the logic used to identify candlestick patterns. The logic in my script is a mix of strict and lax guidelines to mitigate false flags and present valid buy and sell signals. -To use this indicator, simply add it to any chart. It will identify trends on any time frame although the lower you go, the more signals you'll see and the higher probability of those signals being false flags. You can also disable any candlestick patterns that you feel are not as useful. - This indicator works best with Stocks and also with Forex markets to a lesser extent. - This indicator works the best on the Daily chart and also works (with varying degrees of success) on any timeframe at or above 1 hour. I've found that this indicator works the best when used in tandem with the Daily and Hourly charts with the Hourly chart being used to determine an entry point while the Daily chart is used for long term trend analysis.
Pine Script® indicator
by Depsi
9
HTF Candles & ReversalsThis is a comprehensive multi-timeframe analysis tool designed to give you a broader perspective on market structure directly from your main chart. It overlays candles from up to six user-defined higher timeframes (HTF) and includes a built-in indicator to spot potential price reversals. This allows you to analyze the bigger picture and make more informed decisions without constantly switching between different chart layouts. Key Features Multi-Timeframe Candle Display: Renders candles from up to six different higher timeframes (the defaults are 5m, 15m, 1H, 4H, 1D, and 1W). You can see how the current price action fits within the larger trend. Reversal Pattern Detection: The script identifies and highlights potential bullish and bearish reversal patterns. This works on both your main chart's candles and the displayed HTF candles, helping you spot potential shifts in momentum on multiple scales. Imbalance (FVG) Highlighting: Automatically detects and draws Fair Value Gaps (FVGs) on the HTF candles, pointing out areas of inefficient price action that may act as magnets for future price movement. Full Customization: You have complete control over the visual elements. Adjust the colors for candle bodies, borders, and wicks. Change the positioning of the HTF display, and toggle labels, timers, and imbalance boxes to create a clean workspace that fits your trading style. How to Use This Indicator Gain Market Context: Use the HTF candles to quickly gauge the dominant trend. For example, if the 4H and 1D candles are bullish, you might look for buying opportunities on your lower timeframe chart. The highs and lows of these HTF candles often serve as strong support and resistance levels. Identify Reversals: Triangles on the Main Chart: A green triangle below a candle suggests a potential bullish reversal, while a red triangle above suggests a potential bearish reversal. This pattern appears when a candle makes a new low/high but closes stronger/weaker than the previous one. Colored HTF Candles: When an HTF candle is colored (lime for bullish, orange for bearish), it indicates that a reversal pattern has formed on that specific higher timeframe, which could signal a more significant change in market direction. Utilize Imbalances: The highlighted FVG boxes can be treated as areas of interest. Price often revisits these zones, making them potential targets for trades or areas to watch for a reaction. Settings Breakdown Candle Color: Independently set the colors for bullish and bearish candle bodies, borders, and wicks. Layout: Use the HTF Distance setting to control how far the displayed candles appear from the current price action. Labels: Choose whether to display the timeframe name and a countdown timer for each HTF candle. You can position these labels at the top, bottom, or both. Imbalances: Toggle the visibility of the FVG boxes and customize their color. Reversal Indicator: Enable or disable the reversal triangles on your main chart and the special coloring for reversal candles on both the main chart and the HTF displays. Disclaimer: This tool is intended for technical analysis and educational purposes. It does not provide financial advice or generate guaranteed trading signals. Always use risk management and conduct your own analysis before entering any trade.
Pine Script® indicator
by DOSALGO
4
MTF Candles [Fadi x MMT]MTF Candles Overview The MTF Candles indicator is a powerful tool designed for traders who want to visualize higher timeframe (HTF) candles directly on their current chart. Built with flexibility and precision in mind, this Pine Script indicator displays up to six higher timeframe candles, complete with customizable styling, sweeps, midpoints, fair value gaps (FVGs), volume imbalances, and trace lines. It’s perfect for multi-timeframe analysis, helping traders identify key levels, market structure, and potential trading opportunities with ease. Key Features - Multi-Timeframe Candles : Display up to six higher timeframe candles (e.g., 5m, 15m, 30m, 4H, 1D, 1W) on your chart, with configurable timeframes and visibility. - Sweeps Detection : Identify liquidity sweeps (highs/lows) with customizable line styles, widths, and colors, plus optional alerts for confirmed bullish or bearish sweeps. - Midpoint Lines : Plot the midpoint (average of high and low) of the previous HTF candle, with customizable color, width, and style for enhanced market analysis. - Fair Value Gaps (FVGs) : Highlight gaps between non-adjacent candles, indicating potential areas of interest for price action. - Volume Imbalances : Detect and display volume imbalances between adjacent candles, aiding in spotting significant price levels. - Trace Lines : Connect HTF candle open, close, high, and low prices to their respective chart bars, with customizable styles and optional price labels. - Custom Daily Open Times : Support for custom daily candle open times (Midnight, 8:30, or 9:30) to align with specific market sessions. - Dynamic Labels : Show timeframe names, remaining time until the next HTF candle, and interval labels (e.g., day of the week for daily candles) with adjustable positions and sizes. - Highly Customizable : Fine-tune candle appearance, spacing, padding, and visual elements to suit your trading style. How It Works The indicator renders HTF candles as boxes (bodies) and lines (wicks) on the right side of the chart, with each timeframe offset for clarity. It dynamically updates candles in real-time, tracks their highs and lows, and displays sweeps and midpoints when conditions are met. FVGs and volume imbalances are calculated based on candle relationships, and trace lines link HTF candle levels to their originating bars on the chart. Sweep Logic - A bearish sweep occurs when the current candle’s high exceeds the previous candle’s high, but the close is below it. - A bullish sweep occurs when the current candle’s low falls below the previous candle’s low, but the close is above it. - Sweeps are visualized as horizontal lines and can trigger alerts when confirmed on the next candle. Midpoint Logic - A midpoint line is drawn at the average of the previous HTF candle’s high and low, extending until the next HTF candle forms. - Useful for identifying potential support/resistance or mean reversion levels. Imbalance Detection - FVGs : Identified when a candle’s low is above the next-but-one candle’s high (or vice versa), indicating a price gap. - Volume Imbalances : Detected between adjacent candles where the body of one candle doesn’t overlap with the next, signaling potential liquidity zones. Settings Timeframe Settings - HTF 1–6 : Enable/disable up to six higher timeframes (default: 5m, 15m, 30m, 4H, 1D, 1W) and set the maximum number of candles to display per timeframe (default: 4). - Limit to Next HTFs : Restrict the number of active timeframes (1–6). Styling - Body, Border, Wick Colors : Customize bull and bear candle colors (default: light gray for bulls, dark gray for bears). - Candle Width : Adjust the width of HTF candles (1–4). - Padding and Spacing : Set the offset from the current price action and spacing between candles and timeframes. Label Settings - HTF Label : Show/hide timeframe labels (e.g., "15m", "4H") at the top/bottom of candle sets. - Remaining Time : Display the countdown to the next HTF candle. Interval Value: Show day of the week for daily candles or time for intraday candles. - Label Position/Alignment : Choose to display labels at the top, bottom, or both, and align them with the highest/lowest candles or follow individual candle sets. Imbalance Settings - Fair Value Gap : Enable/disable FVGs with customizable color (default: semi-transparent gray). - Volume Imbalance : Enable/disable volume imbalances with customizable color (default: semi-transparent red). Trace Settings - Trace Lines : Enable/disable lines connecting HTF candle levels to their chart bars, with customizable colors, styles (solid, dashed, dotted), and sizes. - Price Labels : Show price levels for open, close, high, and low trace lines. - Anchor : Choose whether trace lines anchor to the first or last enabled timeframe. Sweep Settings - Show Sweeps : Enable/disable sweep detection and visualization. - Sweep Line : Customize color, width, and style (solid, dashed, dotted). - Sweep Alert : Enable alerts for confirmed sweeps. Midpoint Settings - Show Midpoint : Enable/disable midpoint lines. - Midpoint Line : Customize color (default: orange), width, and style (solid, dashed, dotted). Custom Daily Open Custom Daily Candle Open : Choose between Midnight, 8:30, or 9:30 (America/New_York) for daily candle opens. Usage - Add the indicator to your TradingView chart. - Configure the desired higher timeframes (HTF 1–6) and enable/disable features via the settings panel. - Adjust styling, labels, and spacing to match your chart preferences. Use sweeps, midpoints, FVGs, and volume imbalances to identify key levels for trading decisions. - Enable sweep alerts to receive notifications for confirmed liquidity sweeps. Notes Performance: The indicator is optimized for up to 500 boxes, lines, and labels, with a maximum of 5000 bars back. Can be slow at a time Time Zone: Custom daily opens use the America/New_York time zone for consistency with major financial markets. Compatibility: Ensure selected HTFs are valid (higher than the chart’s timeframe and divisible by it for intraday periods).
Pine Script® indicator
by isthattyler
46