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Bars pattern MLThis script implements a K-Nearest Neighbors (KNN)-based machine learning model to predict future price movements in financial markets. It analyzes past price action using Euclidean distance and selects the most similar historical patterns to estimate future price changes. Unlike traditional KNN implementations, this approach optimizes distance calculations by maintaining a dynamically updated list of the closest neighbors, ensuring efficient selection without the need for sorting. The model generates a forecasted price trajectory based on incremental predictions, which are visualized on the chart using polylines for better interpretability.
Pine Script® indicator
by tkarolak
2
TimeSeriesRecurrencePlotLibrary "TimeSeriesRecurrencePlot" In descriptive statistics and chaos theory, a recurrence plot (RP) is a plot showing, for each moment i i in time, the times at which the state of a dynamical system returns to the previous state at `i`, i.e., when the phase space trajectory visits roughly the same area in the phase space as at time `j`. ``` A recurrence plot (RP) is a graphical representation used in the analysis of time series data and dynamical systems. It visualizes recurring states or events over time by transforming the original time series into a binary matrix, where each element represents whether two consecutive points are above or below a specified threshold. The resulting Recurrence Plot Matrix reveals patterns, structures, and correlations within the data while providing insights into underlying mechanisms of complex systems. ``` ~starling7b ___ Reference: en.wikipedia.org github.com github.com github.com github.com juliadynamics.github.io distance_matrix(series1, series2, max_freq, norm)   Generate distance matrix between two series.   Parameters:      series1 (float) : Source series 1.      series2 (float) : Source series 2.      max_freq (int) : Maximum frequency to inpect or the size of the generated matrix.      norm (string) : Norm of the distance metric, default=`euclidean`, options=`euclidean`, `manhattan`, `max`.   Returns: Matrix with distance values. method normalize_distance(M)   Normalizes a matrix within its Min-Max range.   Namespace types: matrix   Parameters:      M (matrix) : Source matrix.   Returns: Normalized matrix. method threshold(M, threshold)   Updates the matrix with the condition `M(i,j) > threshold ? 1 : 0`.   Namespace types: matrix   Parameters:      M (matrix) : Source matrix.      threshold (float)   Returns: Cross matrix. rolling_window(a, b, sample_size)   An experimental alternative method to plot a recurrence_plot.   Parameters:      a (array) : Array with data.      b (array) : Array with data.      sample_size (int)   Returns: Recurrence_plot matrix.
Pine Script® library
by RicardoSantos
5
The Next Pivot [Kioseff Trading]Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean Squared Error Kendall Forecasted linear regression channel The image above shows/explains some of the indicator's capabilities! The image above highlights the projected zig zag (pivots) pattern! Colors are customizable (: Additionally, you can plot a forecasted LinReg channel. Should load times permit it, the script can search all bar history for a correlating sequence. This won't always be possible, contingent on the forecast length, correlation length, and the number of bars on the chart. Reasonable Assessment The script uses various similarity measures to find the "most similar" price sequence to what's currently happening. Once found, the subsequent price move (to the most similar sequence) is recorded and projected forward. So, 1: Script finds most similar price sequence 2: Script takes what happened after and projects forward While this may be useful, the projection is simply the reaction to a possible one-off "similarity" to what's currently happening. Random fluctuations are likely and, if occurring, similarities between the current price sequence and the "most similar" sequence are plausibly coincidental. That said, if you have any ideas on cool features to add please let me know! Thank you (:
Pine Script® indicator
by KioseffTrading
75
Volume Spread Analysis Candle PatternsVolume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer. The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price movements and indicate the intentions of market participants. By examining the interplay between volume and price, traders aim to identify the behavior of smart money (informed institutional investors) versus less-informed market participants. Key concepts in Volume Spread Analysis include: 1. Volume: VSA places significant emphasis on volume as a leading indicator. It suggests that changes in volume precede price movements and can provide clues about the market's sentiment. 2. Spread: The spread refers to the price range between the high and low of a given trading period (e.g., a candlestick or bar). VSA considers the relationship between volume and spread to gauge the strength of price action. 3. Upthrust and Springs: These are VSA candle patterns that indicate potential market reversals. An upthrust occurs when prices briefly move above a resistance level but fail to sustain the upward momentum. Springs, on the other hand, happen when prices briefly dip below a support level but quickly rebound. 4. No Demand and No Supply: These patterns suggest a lack of interest or participation from buyers (no demand) or sellers (no supply) at a particular price level. These conditions may foreshadow a potential price reversal or consolidation. 5. Hidden Buying and Selling: Hidden buying occurs when prices close near the high of a bar, indicating the presence of buyers even though the market appears weak. Hidden selling is the opposite, where prices close near the low of a bar, suggesting the presence of sellers despite apparent strength. By combining these VSA concepts with other technical analysis tools, traders seek to identify potential trading opportunities with favorable risk-reward ratios. VSA can be applied to various financial markets, including stocks, futures, forex, and cryptocurrencies. It's important to note that while VSA provides a framework for analyzing volume and price, its interpretation and application require experience, skill, and subjective judgment. Traders often use VSA in conjunction with other technical indicators and chart patterns to make well-informed trading decisions.
Pine Script® indicator
by deepu6576
2
Candlestick - Kicker PatternNot many candlestick patterns hurt traders on the other side of the trade more than this signal, when it happens, think of it as kicking in the teeth, the pain is real. An upwards signal is painted when you have a two-bar formation, the one on the left is a bearish one whereas the successive one is bullish, when you have fat bodies in both candles, meaning the open is close to the high and the close is close to the low for the first candle, while the open is close to the low and the close is close to the high for the adjacent candle, the pain is ever more excruciating, the other important condition is the open of the first candle must be lower than the open of the latter one. The downwards signal is vice versa of the upwards signal.
Pine Script® indicator
by FxCloudTrader
1
Candlestick Pattern Criteria and Analysis Indicator█  OVERVIEW Define, then locate the presence of a candle that fits a specific criteria. Run a basic calculation on what happens after such a candle occurs. Here, I’m not giving you an edge, but I’m giving you a clear way to find one. IMPORTANT NOTE: PLEASE READ: THE INDICATOR WILL ALWAYS INITIALLY LOAD WITH A RUNTIME ERROR. WHEN INITIALLY LOADED THERE NO CRITERIA SELECTED. If you do not select a criteria or run a search for a criteria that doesn’t exist, you will get a runtime error. If you want to force the chart to load anyway, enable the debug panel at the bottom of the settings menu. Who this is for: - People who want to engage in TradingView for tedious and challenging data analysis related to candlestick measurement and occurrence rate and signal bar relationships with subsequent bars. People who don’t know but want to figure out what a strong bullish bar or a strong bearish bar is. Who this is not for: - People who want to be told by an indicator what is good or bad or buy or sell. Also, not for people that don’t have any clear idea on what they think is a strong bullish bar or a strong bearish bar and aren’t willing to put in the work. Recommendation: Use on the candle resolution that accurately reflects your typical holding period. If you typically hold a trade for 3 weeks, use 3W candles. If you hold a trade for 3 minutes, use 3m candles. Tldr; Read the tool tips and everything above this line. Let me know any issues that arise or questions you have. █  CONCEPTS Many trading styles indicate that a certain candle construct implies a bearish or bullish future for price. That said, it is also common to add to that idea that the context matters. Of course, this is how you end up with all manner of candlestick patterns accounting for thousands of pages of literature. No matter the context though, we can distill a discretionary trader's decision to take a trade based on one very basic premise: “A trader decides to take a trade on the basis of the rightmost candle's construction and what he/she believes that candle construct implies about the future price.” This indicator vets that trader’s theory in the most basic way possible. It finds the instances of any candle construction and takes a look at what happens on the next bar. This current bar is our “Signal Bar.” █  GUIDE I said that we vet the theory in the most basic way possible. But, in truth, this indicator is very complex as a result of there being thousands of ways to define a ‘strong’ candle. And you get to define things on a very granular level with this indicator. Features: 1. Candle Highlighting When the user’s criteria is met, the candle is highlighted on the chart. The following candle is highlighted based on whether it breaks out, breaks down, or is an inside bar. 2. User-Defined Criteria Criteria that you define include: Candle Type: Bull bars, Bear bars, or both Candle Attributes Average Size based on Standard Deviation or Average of all potential bars in price history Search within a specific price range Search within a specific time range Clarify time range using defined sessions and with or without weekends 3. Strike Lines on Candle Often you want to know how price reacts when it gets back to a certain candle. Also it might be true that candle types cluster in a price region. This can be identified visually by adding lines that extend right on candles that fit the criteria. 4. User-Defined Context Labeled “Alternative Criteria,” this facet of the script allows the user to take the context provided from another indicator and import it into the indicator to use as a overriding criteria. To account for the fact that the external indicator must be imported as a float value, true (criteria of external indicator is met) must be imported as 1 and false (criteria of external indicator is not met) as 0. Basically a binary Boolean. This can be used to create context, such as in the case of a traditional fractal, or can be used to pair with other signals. If you know how to code in Pinescript, you can save a copy and simply add your own code to the section indicated in the code and set your bull and bear variables accordingly and the code should compile just fine with no further editing needed. Included with the script to maximize out-of-the-box functionality, there is preloaded as alternative criteria a code snippet. The criteria is met on the bull side when the current candle close breaks out above the prior candle high. The bear criteria is met when the close breaks below the prior candle. When Alternate Criteria is run by itself, this is the only criteria set and bars are highlighted when it is true. You can qualify these candles by adding additional attributes that you think would fit well. Using Alternative Criteria, you are essentially setting a filter for the rest of the criteria. 5. Extensive Read Out in the Data Window (right side bar pop out window). As you can see in the thumbnail, there is pasted a copy of the Data Window Dialogue. I am doubtful I can get the thumbnail to load up perfectly aligned. Its hard to get all these data points in here. It may be better suited for a table at this point. Let me know what you think. The primary, but not exclusive, purpose of what is in the Data Window is to talk about how often your criteria happens and what happens on the next bar. There are a lot of pieces to this. Red = Values pertaining to the size of the current bar only Blue = Values pertaining or related to the total number of signals Green = Values pertaining to the signal bars themselves, including their measurements Purple = Values pertaining to bullish bars that happen after the signal bar Fuchsia = Values pertaining to bearish bars that happen after the signal bar Lime = Last four rows which are your percentage occurrence vs total signals percentages The best way I can explain how to understand parts you don’t understand otherwise in the data window is search the title of the row in the code using ‘ctrl+f’ and look at it and see if it makes more sense. █ [b}Available Candle Attributes Candle attributes can be used in any combination. They include: [*}Bodies [*}High/Low Range [*}Upper Wick [*}Lower Wick [*}Average Size [*}Alternative Criteria Criteria will evaluate each attribute independently. If none is set for a particular attribute it is bypassed. Criteria Quantity can be in Ticks, Points, or Percentage. For percentage keep in mind if using anything involving the candle range will not work well with percentage. Criteria Operators are “Greater Than,” “Less Than,” and “Threshold.” Threshold means within a range of two numbers. █ Problems with this methodology and opportunities for future development: #1 This kind of work is hard. If you know what you’re doing you might be able to find success changing out the inputs for loops and logging results in arrays or matrices, but to manually go through and test various criteria is a lot of work. However, it is rewarding. At the time of publication in early Oct 2022, you will quickly find that you get MUCH more follow through on bear bars than bull bars. That should be obvious because we’re in the middle of a bear market, but you can still work with the parameters and contextual inputs to determine what maximizes your probability. I’ve found configurations that yield 70% probability across the full series of bars. That’s an edge. That means that 70% of the time, when this criteria is met, the next bar puts you in profit. #2 The script is VERY heavy. Takes an eternity to load. But, give it a break, it’s doing a heck of a lot! There is 10 unique arrays in here and a loop that is a bit heavy but gives us the debug window. #3 If you don’t have a clear idea its hard to know where to start. There are a lot of levers to pull on in this script. Knowing which ones are useful and meaningful is very challenging. Combine that with long load times… its not great. #4 Your brain is the only thing that can optimize your results because the criteria come from your mind. Machine learning would be much more useful here, but for now, you are the machine. Learn. #5 You can’t save your settings. So, when you find a good combo, you’ll have to write it down elsewhere for future reference. It would be nice if we could save templates on custom indicators like we can on some of the built in drawing tools, but I’ve had no success in that. So, I recommend screenshotting your settings and saving them in Notion.so or some other solid record keeping database. Then you can go back and retrieve those settings. #6 no way to export these results into conditions that can be copy/pasted into another script. Copy/Paste of labels or tables would be the best feature ever at this point. Because you could take the criteria and put it in a label, copy it and drop it into another strategy script or something. But… men can dream. █ Opportunities to PineCoders Learn: 1. In this script I’m importing libraries, showing some of my libraries functionality. Hopefully that gives you some ideas on how to use them too. The price displacement library (which I love!) Creative and conventional ways of using debug() how to display arrays and matrices on charts I didn’t call in the library that holds the backtesting function. But, also demonstrating, you can always pull the library up and just copy/paste the function out of there and into your script. That’s fine to do a lot of the time. 2. I am using REALLY complicated logic in this script (at least for me). I included extensive descriptions of this ? : logic in the text of the script. I also did my best to bracket () my logic groups to demonstrate how they fit together, both for you and my future self. 3. The breakout, built-in, “alternative criteria” is actually a small bit of genius built in there if you want to take the time to understand that block of code and think about some of the larger implications of the method deployed. As always, a big thank you to TradingView and the Pinescript community, the Pinescript pros who have mentored me, and all of you who I am privileged to help in their Pinescripting journey. "Those who stay will become champions" - Bo Schembechler
Pine Script® indicator
by kurtsmock
6
Covering Shadow Candle PatternThis indicator shows 3 types of objects on chart: 1. downward red triangle above a candle: 3 green candles followed by a fourth red candle of which the low price is lower than the low of the 3 previous green candles, this is usually the sign of reversal from upward movement to a downward one. 2. 1. upward green triangle below a candle: 3 red candles followed by a fourth green candle of which the high price is higher than the high of the 3 previous red candles, this is usually the sign of reversal from downward movement to a upward one. 3. boxes: these boxes are drawn when the patterns of cases 1 and 2 fails to perform as expected which means we have some important areas at that level so it can be a resistance or support zone .
Pine Script® indicator
by Mahdi_Fatemi1998
8
Connors-Hayward Advance-Decline Trading PatternsThe following is an excerpt from Investment Secrets of a Hedge Fund Manager "The Connors-Hayward Advance-Decline Trading Pattern (CHADTP) is a proprietary indicator we use to identify short- and intermediate-term overbought and oversold conditions for the stock market and the S&P 500 futures market... Construction of the CHADTP indicator is simple: Add the past five day's advancing issues from the New York Stock Exchange. Add the past five day's declining issues from the NYSE. Subtract #2 from #1. Divide by five. Here are the two rules to trade CHADTP: When the five-day reading is above +400, the market is overbought; and when the five day reading is below -400, the market is oversold. Unfortunately, just because the indicator is -400 does not mean we can blindly buy the market, and just because the indicator is +400 does not mean we should be a seller of the market. Whenever we get an overbought or oversold reading, we wait for a specific price reversal before entering. When the CHADTP number is +400 or more, we will sell the market only after the S&P 500 futures trade .10 points below the previous day's low. For example, if we get a reading of +422 and today's low is 453.80 we will take a sell signal only if the market trades at 453.70 or below tomorrow. If tomorrow the market low is 454.60, and the CHADTP is above 400, we will only sell if the market trades at 454.50 or below the next day, and so on. On the buy side, if today's CHADTP number is -400 or less, we will buy only after tomorrow's S&P trades .10 points above today's high, and so on." Note from Technicus Capital: This method was created in 1995. Today, the volume and volatility of markets is much more significant and therefore the original overbought/oversold levels are no longer relevant.
Pine Script® indicator
by TechnicusCapital
Candlestick Patterns + windows Mod by BoernererMy modifications for the candlestick pattern script by Robert Waddell. Changelog - Added window (= gaps) detection - Added Bear/Bull Sash - Modified candlestick ID code - Candlesticks will only be displayed if above or below TLine Originally created by Robert Waddell with special thanks to repo32 for his candlestick ID code, DavidR for EMA code and Chris Moody for barcolor code. Enjoy and would love if you improve it further!
Pine Script® indicator
by Boernerer
Fractals and Pattern MandelbrotThis indicator show classic fractals and patterns of force long or short if they are on the top or on the low of a x candles, so they try to anticipate the inversion of the trend. The purple arrow indicate the fractals and the blue indicate the pattern for the inversion of the trend. For the targets and the stop we need to use Fibonacci extentions modificate with this values: -1.64 -0.64 1.5563 2.422 3.5699 4.669 5.8664 9.1299 14.208 and use this A,B,C points: For long positions A is the LAST RED CLOSE, B is the GREEN CLOSE just before the blue arrow, C is B. the -1.64 is the stop loss, if price close under that the -0.64 is the best level to enter long For short positions A is the LAST GREEN CLOSE, B is the RED CLOSE just before the blue arrow, C is B. the -1.64 is the stop loss, if price close above that the -0.64 is the best level to enter short
Pine Script® indicator
by CipherSage256
10
Ichimoku Signal + Candle Color + Candle Pattern1. Ichimoku Signal: Bullish Signal: - UP-S: A strong bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is above the Kumo. - UP: An neutral bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is in the Kumo. - UP-W: A weak bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen and the cross is bellow the Kumo. - Fly: A strong bullish signal when Chikou Span raise above the Kumo. Bearish Signal: - DN-S: A strong bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is bellow the Kumo. - DN: An neutral bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is in the Kumo. - DN-W: A weak bearish signal occurs when the Tenkan Sen crosses from above to bellow the Kijun Sen and the cross is above the Kumo. - Dig: A strong bearish signal when Chikou Span fall bellow the Kumo. 2. Candle Color based on RSI (from NazcaProjections) - Yellow represents Super OverBought - Lime Green represents OverBought - Green represents Slightly OverBought - Red represents Slightly OverSold - Dark Red represents OverSold - Gray White represents Super OverSold 3. Candlestick Patterns Identified: Doji , Evening Star , Morning Star , Shooting Star , Hammer , Inverted Hammer , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing
Pine Script® indicator
by Crypto_level_UP
3
Yearly History Calendar-Aligned Price up to 10 Years)Overview This indicator helps traders compare historical price patterns from the past 10 calendar years with the current price action. It overlays translucent lines (polylines) for each year’s price data on the same calendar dates, providing a visual reference for recurring trends. A dynamic table at the top of the chart summarizes the active years, their price sources, and history retention settings. Key Features Historical Projections Displays price data from the last 10 years (e.g., January 5, 2023 vs. January 5, 2024). Price Source Selection Choose from Open, Low, High, Close, or HL2 ((High + Low)/2) for historical alignment. The selected source is shown in the legend table. Bulk Control Toggles Show All Years : Display all 10 years simultaneously. Keep History for All : Preserve historical lines on year transitions. Hide History for All : Automatically delete old lines to update with current data. Individual Year Settings Toggle visibility for each year (-1 to -10) independently. Customize color and line width for each year. Control whether to keep or delete historical lines for specific years. Visual Alignment Aids Vertical lines mark yearly transitions for reference. Polylines are semi-transparent for clarity. Dynamic Legend Table Shows active years, their price sources, and history status (On/Off). Updates automatically when settings change. How to Use Configure Settings Projection Years : Select how many years to display (1–10). Price Source : Choose Open, Low, High, Close, or HL2 for historical alignment. History Precision : Set granularity (Daily, 60m, or 15m). Daily (D) is recommended for long-term analysis (covers 10 years). 60m/15m provides finer precision but may only cover 1–3 years due to data limits. Adjust Visibility & History Show Year -X : Enable/disable specific years for comparison. Keep History for Year -X : Choose whether to retain historical lines or delete them on new year transitions. Bulk Controls Show All Years : Display all 10 years at once (overrides individual toggles). Keep History for All / Hide History for All : Globally enable/disable history retention for all years. Customize Appearance Line Width : Adjust polyline thickness for better visibility. Colors : Assign unique colors to each year for easy identification. Interpret the Legend Table The table shows: Year : Label (e.g., "Year -1"). Source : The selected price type (e.g., "Close", "HL2"). Keep History : Indicates whether lines are preserved (On) or deleted (Off). Tips for Optimal Use Use Daily Timeframes for Long-Term Analysis : Daily (1D) allows 10+ years of data. Smaller timeframes (60m/15m) may have limited historical coverage. Compare Recurring Patterns : Look for overlaps between historical polylines and current price to identify potential support/resistance levels. Customize Colors & Widths : Use contrasting colors for years you want to highlight. Adjust line widths to avoid clutter. Leverage Global Toggles : Enable Show All Years for a quick overview. Use Keep History for All to maintain continuity across transitions. Example Workflow Set Up : Select Projection Years = 5. Choose Price Source = Close. Set History Precision = 1D for long-term data. Customize : Enable Show Year -1 to Show Year -5. Assign distinct colors to each year. Disable Keep History for All to ensure lines update on year transitions. Analyze : Observe how the 2023 close prices align with 2024’s price action. Use vertical lines to identify yearly boundaries. Common Questions Why are some years missing? Ensure the chart has sufficient historical data (e.g., daily charts cover 10 years, 60m/15m may only cover 1–3 years). How do I update the data? Adjust the Price Source or toggle years/history settings. The legend table updates automatically.
Pine Script® indicator
by ashyphoenix
Market Sessions & Viewer Panel [By MUQWISHI]▋ INTRODUCTION : The “Market Sessions & Viewer Panel” is a clean and intuitive visual indicator tool that highlights up to four trading sessions directly on the chart. Each session is fully customizable with its name, session time, and color. It also generates a panel that provides a quick-glance summary of each session’s candle/bar shape, helping traders gain insight into the volatility across all trading sessions. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: This indicator utilizes the “ Timezone — Library ”. A huge thanks to @n00btraders for effort and well-organized work. _______________________ ▋ SESSION PANEL: The Session Panel allows traders to visually compare session volatility using a candlestick/bar pattern. Each bar represents the price action during a session and includes the session status, session name, closing price, change(%) from open, and a tooltip that reveals detailed OHLC and volume when hovered over. Chart Type: It offers two styles Bar or Candle to display based on traders’ preference Sorting: Allowing to arrange session candles/bars based on…   —Left to Right: The most recently opened on the left, moving backward in time to the right.   —Right to Left: The most recently opened on the right, moving backward in time to the left.   —Default: Arrange sessions in the user-defined input order. _______________________ ▋ CHART VISUALIZATION: The chart visualization highlights each trading session using color-coded backgrounds in two selectable drawing styles that span their respective active timeframes. Each session block provides session’s name, close price, and change from open. Chart Type: Candle Chart Type: Box Extra Drawing Feature: This feature may not exist in other indicators within the same category, it extends the session block drawing to the projected end of the session. This's done through estimation based on historical data; however, it doesn’t function fully on seconds-based timeframes due to drawing limitations. _______________________ ▋ INDICATOR SETTINGS: Section(1): Sessions (1) Universal Timezone. (2) Each Session: Enable/Disable, Name, Color, and Time. Section(2): Session Panel (1) Show/Hide Session Panel. (2) Chart Type: Candle/Bar. (3) Bar’s Up/Down color. (4) Width and Height of the bar. (5) Location of Session Panel on chat. (6) Sort: Left to Right (most recent session is placed on the left), Right to Left (most recent session is placed on the right), and Default (as input arrangement). Section(3): Chart Visualization (1) Show/Hide Chart Block Visualization. (2) Draw Shape: Box/Candle. (3) Border Style and Size. (4) Label Styling includes location, size, and some essential selectable infos. Please let me know if you have any questions
Pine Script® indicator
by MUQWISHI
10
BTC Trendline Patterns with Signals BTC Trendline Patterns with Signals This custom Pine Script indicator automatically detects key pivot points in Bitcoin price action and draws support and resistance trendlines. The indicator provides buy (long) and sell (short) signals when these trendlines are broken. This can help traders identify potential breakout opportunities and trend reversals based on established price levels. Features: Pivot Point Detection: Automatically identifies pivot highs and lows in the price chart, based on customizable parameters (Pivot Left and Pivot Right). Support and Resistance Trendlines: Draws trendlines based on the identified pivot points. These lines represent significant price levels where price may experience support or resistance. Breakout Signals: Provides buy (long) and sell (short) signals when the price breaks above the resistance trendline (for buy signals) or below the support trendline (for sell signals). Customizable Pivot Lengths: Adjust the number of bars considered for determining pivot points using the Pivot Left and Pivot Right input parameters. How it Works: Pivot Detection: The script identifies the highest high (pivotHigh) and the lowest low (pivotLow) within a specific range of bars (defined by Pivot Left and Pivot Right). Trendline Plotting: Once pivots are detected, the script draws resistance (red) and support (green) trendlines connecting the most recent pivots. These trendlines act as dynamic support and resistance levels. Breakout Signals: The script generates signals: BUY (Long): Triggered when the price breaks above the most recent resistance trendline. SELL (Short): Triggered when the price breaks below the most recent support trendline. Parameters: Pivot Left: Number of bars to the left of the pivot point to consider. Pivot Right: Number of bars to the right of the pivot point to consider. Line Width: Customizable line width for drawing trendlines. Ideal Use: Timeframes: This indicator works well on timeframes ranging from 1-minute to daily charts. For best results, use it on 1-hour, 4-hour, or daily charts. Strategy: Ideal for breakout traders or trend-following strategies. Use it to identify potential entry points when price breaks key levels of support or resistance. Example Use Case: Swing Traders: Traders looking for potential breakouts can use this script to identify key levels in the market and wait for the price to break through resistance for a long trade or support for a short trade. Day Traders: For those looking to enter and exit trades in a single day, this indicator can help pinpoint areas of support and resistance, and provide actionable signals when price breaks those levels. Disclaimer: This script is not a guarantee of success and should be used in conjunction with other technical analysis tools. Always perform additional research and backtesting before live trading. Important Notes: The pivot points and trendlines may adjust dynamically as the price evolves. Adjust the pivot settings to suit the volatility and timeframe of the market you're trading. This indicator works best when combined with other indicators such as volume, RSI, or MACD for confirmation. How to Use: Add the indicator to your chart. Adjust the Pivot Left and Pivot Right parameters to fine-tune the pivot point detection. Monitor for trendline breakouts. When the price breaks above the resistance line, a BUY signal will appear. When the price breaks below the support line, a SELL signal will appear. Use the signals to enter trades at the right moment. Final Notes: If you're submitting to TradingView for publishing, keep your description clear and informative, but also concise. Traders need to quickly understand how your indicator works, what parameters they can adjust, and how it might fit into their trading strategy.
Pine Script® indicator
by ketankulkarni391
Sadgir Patterns with SL/TPThe "Sadgir Patterns with SL/TP" is a cutting-edge trading indicator designed for traders seeking to leverage the power of Hull Moving Averages in conjunction with phase accumulation analysis. This unique indicator, developed on the Pine Script platform, is ideal for various markets, including stocks, forex, cryptocurrencies, and commodities. Key Features: Adaptive Hull Moving Average: Utilizes an adaptive Hull Moving Average, which provides a smooth and responsive moving average line, aiding in identifying trend directions and potential market reversals. Phase Accumulation Analysis: Integrates phase accumulation calculations to dynamically adjust the length of the Hull Moving Average, ensuring that the indicator stays in sync with market conditions. Signal Generation: Generates clear "Long" and "Short" signals, which are visually represented on the chart, assisting traders in making informed decisions. Dynamic Stop Loss and Take Profit Levels: Automatically calculates and plots dynamic stop loss (SL) and take profit (TP) levels as horizontal lines on the chart, based on user-defined percentage settings. These levels adjust in real-time with the price action, offering a systematic approach to risk management. Customizable Settings: Provides users with the flexibility to adjust the source of the moving average, power settings for the Hull Moving Average, cycles, and powers for phase accumulation, as well as the percentage values for SL and TP levels. Visual and Alert Features: Includes options for coloring the bars based on the trend direction and displays trade signals with distinct shapes. Additionally, alert conditions are set for both Long and Short signals, enabling traders to stay informed of potential trade opportunities. Usage: This indicator is designed for traders of all levels, from beginners to advanced. It can be used for trend following, catching reversals, or as part of a larger trading strategy. The dynamic SL and TP levels aid in managing trades effectively, providing both entry and exit points. However, traders are advised to use this indicator in conjunction with other analysis tools and consider the overall market context for the best results. Disclaimer: Trading involves risk, and it's important to do your own research and consider your risk tolerance before using this indicator. This tool is not intended as financial advice. NSE:BANKNIFTY NSE:NIFTY MCX:CRUDEOIL1!
Pine Script® indicator
by gaurisadgir9