Wave Line is a chart type obtained by plotting the High and Low values in each time interval according to their sequential order. This method produces a continuous line rather than bars, which is beneficial for analyzing changes within each interval rather than focusing on the price range and open/close values. E.g for Wave Analysis. How to use: 1. Adjust the...
This indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and...
This Pine Script code is designed to identify and plot Marubozu candlestick patterns on a trading chart. Marubozu candles are characterized by having very small or non-existent wicks (shadows) and a large body, indicating strong buying or selling pressure. The script first calculates the body size and wick size for both red (bearish) and green (bullish) Marubozu...
Этот индикатор анализирует цвет свечки. По нему можно покупать и продавать.
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...
Overview The indicator prints different colors on the candles for pre-determined amplitudes in relation to the simple moving average over the average true range. Calculations The indicated value of the simple moving average in relation to the average true range is being used to restrict the color of the candle signal to its pre-determined amplitude. How It...
Description: The Bearish Elephant Candle Indicator is designed to identify and signal potential short entry points based on the Bearish Elephant Candle pattern. This pattern is characterized by a large bearish candle, where the body (difference between open and close) is more than 70% of the entire range (difference between high and low), and the total range is...
Simple script which shows current price for very small unit value assets (Less than 0.001) in more easily readable format ('Scientific notation' / 'Subscript notation'). I wrote this after getting tired of counting the tiny zeros on the price scale. It displays the price in large font, using the subscript notation similar to that used on some crypto...
This strategy takes a trade every day at a specified time and then closes it at a specified time. The purpose of this strategy is to help determine if there are better times to day to buy or sell. I was originally inspired to write this when a YouTuber stated that SPX had been up during the last 30 minutes of the day over 80% of the time the past year. No...
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...
//@version=5 indicator('ABM Buy Sell', shorttitle='ABM Signal', overlay=true) // Define input variables emaLength = input.int(5, minval=1, title='EMA Length') rsiLength = input.int(14, minval=1, title='RSI Length') rsiOverbought = input(80, title='RSI Overbought Level') rsiOversold = input(20, title='RSI Oversold Level') start = input.float(title='Start',...
updated supertrend+ to add a indication when price touches the supertrend, to indicate a buy or sell
The Explosive & Base Candle with Gaps Identifier is an indicator designed to enhance your market analysis by identifying critical candle types and gaps in price action. This tool aids traders in pinpointing zones of significant buyer-seller interaction and potential institutional activity, providing valuable insights for strategic trading decisions. Main...
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
Title: Enhanced Candlestick Pattern Identifier with Body Ratio Analysis Description: This Pine Script, titled "Enhanced Candlestick Pattern Identifier with Body Ratio Analysis," is designed to aid traders in visualizing key candlestick formations that have significant implications for trend reversals and continuations. It uses the body ratio of candles to...
Overview The "Candle Size with Moving Averages and Alerts" indicator is designed to provide traders with a visual representation of the size of each candle. This is useful for identifying periods of high volatility or significant price movements. The indicator also offers moving averages of the candle sizes and customizable alert thresholds to notify traders of...
Easy identification based on close of candle. Candles closing in above the 80% range is considered bullish whereas those closing below 20% range is considered bearish. However, buy or sell decision should only be taken based on where the candle is formed.
Inside bars occur when the current bar's high is lower than the previous bar's high and the current bar's low is higher than the previous bar's low. The script changes the color of inside bars to orange for better visualization.