The script uses the previous candle of the current timeframe to assess the state of the current candle. 1. Previous candle high/low and midpoint are displayed 2. Highlights current bar if INSIDE previous candle 3. Highlights current bar if POTENTIAL OUTSIDE bar. This condition uses the logic that if the previous high/low has been swept and price then reaches...
- Overview Consecutive counting is a simple method to mechanically define trending states to the upside and downside. Consecutive counts are calculated by taking reference price level (e.g. close 4 candles ago) and count closes above/below it up to a maximum count that resets the consecutive count back to 1. This tool provides the means to backtest each count by...
Papercuts Recency Candles V0.8 by Joel Eckert @PapercutsTrading ***This is currently an experimental visual exploratory concept.*** *** Experimental tools should only be explored by fellow coders and experienced traders.*** DESCRIPTION: As coders, how can we seamlessly transition between actual and smoothed price data sets as data ages? This is a...
The "Multi Time Period Chart" indicator in Pine Script is designed to overlay multiple sets of boxes on the chart, each representing price movements on different timeframes. It allows traders to visually compare price action across various timeframes simultaneously. The indicator offers flexibility by allowing users to choose between automatic mode (where...
Introduction: The PVSRa Candles and Liquidity Zones Indicator is a powerful tool designed to enhance your trading analysis on TradingView. This indicator combines PVSRa candle analysis, liquidity zone identification, customizable features, gap detection, and volume visualization to provide valuable insights into market dynamics and potential trading...
Simple script to add standard Japanese candles in a new pane for use when using a non-standard chart (Ex: Heikin Ashi) that doesn't use true OHLC values in it's calculation so that you can still monitor true values and activity without having to take up the screen real estate that using a layout containing a whole new chart would require. This also makes...
Engulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite...
The Nested Candle Highlighter identifies when the current candle's body is completely enclosed by the previous candle's wick zones. It examines the upper wick zone, from the previous high to the open or close, and the lower wick zone, from the low up to the open or close. This focused analysis can signal consolidation and potential shifts in momentum, offering an...
Behavior of price based on the 18:00, 15 minute candle, pd arrays below or above the candle are important entry points. buy below, sell above it
Name: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation" Category: Scalping, Trend Analysis Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique) Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between...
This indicator won't plot anything to the chart. Please follow steps below to set your alarms based on price range variation: 1) Add indicator to the chart 2) Go to settings 3) Choose timeframe which will be used to calculate bars 4) Choose how many bars which will be used to calculate max and min range 5) Choose max and min range variation (%) to trigger...
Twitter/X @QQQuant8 Momentum Indicator based on moving averages, volume, RSI, MACD, Bollinger Bands, and slopes. Candle Colors: White = Ignition - signals an upcoming high-velocity move. Purple = Acceleration - indicates the highest momentum move in the final leg of the move; the end of purple candles typically marks a local top or bottom. Yellow = Reversal...
Japanese candlestick patterns are a powerful tool in technical analysis, offering traders and investors a detailed view of price action and market sentiment. 1. Spinning Top Description: The Spinning Top has a small candle body with long upper and lower shadows. This indicates that both buyers and sellers were active during the period, but neither took...
Overview The CS Patterns indicator is designed to identify and highlight various candlestick patterns on a trading chart. Candlestick patterns are a crucial tool for traders as they help in predicting market movements and potential reversals. This indicator includes single, double, and triple candlestick patterns without revealing the source code, making it an...
Linear Regression Channel The Linear Regression Channel indicator is a versatile tool for traders, providing valuable insights into price trends and potential reversal points. It plots two linear regression channels on the chart, helping you visualize price dynamics and make informed trading decisions. Indicator Features and Settings General...
The Pin Bar Detector is a technical analysis tool designed to identify pin bar candlestick patterns on trading charts. A pin bar is characterized by a small candle body and a long shadow, indicating a significant rejection of prices that can signal potential reversals in the market.
The core of this indicator is obviously RSI divergence. But there are some tips I would like to explain and suggest. First of all, although the basic principle of this indicator is simple: simply comparing the price and RSI value within a given time period. To be more specific, if the price now is lowest among last 300 candlesticks but its RSI value is not, then...
We have developed a sophisticated indicator to detect momentum, imbalance, and internal liquidity within financial markets. Designed to leverage real-time data analysis, this tool aims to assist traders in making more informed decisions. The momentum component of the indicator calculates the rate at which prices move. By measuring price changes over a specific...