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Balanced Big Wicks (50/50) HighlighterDetects candles with unusually long, balanced upper and lower wicks—a potential sign of market indecision followed by strong breakout action. What It Does Identifies candles where both upper and lower wicks each account for at least a configurable percentage (e.g., 30–40%) of the total range, and where the body remains small—creating the classic “balanced wick” (50/50) appearance. Marks these candles visually with color (bullish/bearish), optional background shading, and a tiny “50/50” label above the candle. Why It’s Useful Balanced wicks often precede decisive moves once price breaks either wick. This script highlights such opportunities systematically. Helpful for traders looking for clean entry signals: long on close above the upper wick, short on close below the lower wick—with straightforward risk management (SL at opposite wick, TP 1:1). Key Inputs (default values shown in parentheses) Min wick % (each side): 30% Max body %: 20% Equality tolerance: 10% Min range filter (ATR multiples): 0 (disable) ATR length: 14 Color candles: On Background highlight: Off by default Plot label on candle: On Adjust these to fit your preferred timeframe or instrument (e.g., raise wick thresholds or ATR filter for noisy 15‑minute altcoin charts; relax slightly for smoother 1‑hour BTC analysis). Alerts Three alert options included: “50/50 Wick (Any)” — triggers on any balanced-wick candle. “50/50 Wick (Bullish)” — only when the candle closes bullish (upper close). “50/50 Wick (Bearish)” — only when the candle closes bearish (lower close). How to Use It Add the indicator to your chart. Adjust input settings to suit the timeframe or trading style. Watch for highlighted candles. Optional alert: create alerts using one of the provided alert conditions (e.g., “50/50 Wick (Any)”) with “Once per bar close” to get notified when signal bars appear. Use your own trade logic (e.g., breakout entries as described above). Disclaimer & Originality Original Concept: I built this script from scratch to highlight a specific candle structure often used by traders in breakout setups—long balanced wicks with small bodies. No external code references; it’s entirely open-source and self-explanatory. Note: This indicator highlights potential setups—not financial advice. Always backtest any strategy, and use sound risk management. Past patterns do not guarantee future success. Optimized Settings for 5m–15m Scalping Min wick % (each side): 0.30 → Forces both wicks to be almost half the candle each. Very strict. Max body % of range: 0.40 → Candle body must be ≤10% of full range = almost a doji. Equality tolerance: 0.1 → Wicks must be within 5% of each other relative to full candle size. Min range filter (ATR multiples): 0 → Candle must be at least 1.2× bigger than recent average (ATR14). Filters out weak fake dojis. ATR Length: 14 (standard, stable) Color candles / Plot labels: On (so you clearly see them) Background highlight: Optional
Pine Script® indicator
by Thebitcoin37
Vantage-XVANTAGE-X – The Market. Decoded. Your vantage point between bull & bear — clarity, precision, and high-probability trading signals. VANTAGE-X is a high-probability trading system designed to cut through the noise and deliver clarity at a glance. 🔹 What It Does • EMA 20 (1H), EMA 50 (4H), EMA 200 (chart timeframe) → Instant bullish/bearish signals • VWAP → Bullish/Bearish/Neutral, based on last 5 candles for precision • Daily Bias → Bullish or Bearish without switching charts • Chop Filter → Detects if market is trending or choppy (last 10 candles) • Works across all assets on TradingView — futures, forex, stocks, crypto, options 🔹 Why Traders Use It • Eliminates chart clutter and analysis paralysis • No more flipping timeframes — dashboard updates automatically • Clear signals = faster decisions, cleaner trades 🚨 Subscription Access Only – Invite-Only Script This indicator is available exclusively to subscribed members of VANTAGE-X. Access is tied to your TradingView username and managed manually by our team. 👉 Website coming soon
Pine Script® indicator
by vismorc8640
Daily 50‑ & 200‑SMA Ceiling Radar — EnhancedDescription: This custom TradingView indicator, developed by Trader Malik and licensed under Trades Per Minute, is a powerful visual tool for identifying how price behaves relative to major daily moving averages — the 50-SMA and 200-SMA. It helps traders quickly understand key technical dynamics such as trend alignment, MA proximity, and short-term momentum sentiment — all displayed on a clean, minimal overlay with visual alerts and an adjustable data table. FEATURES 1. Daily 50 & 200 Simple Moving Averages (SMA):** - Displayed directly on the chart using distinct blue and orange lines. - These serve as primary trend filters and support/resistance zones. 2. Price Highlighting: - A red background flashes momentarily when the price crosses either the 50-SMA or 200-SMA. - A green background fills the chart when price is above both MAs (bullish zone). - A red background persists if price is below both MAs (bearish zone). 3. MA Gap Analysis Table: - 50-SMA Row**: Shows % gap between 50-SMA and 200-SMA. - 200-SMA Row**: Shows % gap between 200-SMA and 50-SMA. - Sentiment Row**: Displays short-term trend bias based on the slope of the past 7 daily closes — Bullish, Neutral, or Bearish. USER SETTINGS Table Location: Choose between **Top Right** or **Bottom Right** of the chart. Table Size: Select **Small**, **Medium**, or **Large** to suit screen preferences and layout aesthetics. This script is **intellectual property of Trades Per Minute** and distributed by **Trader Malik** for use under licensing terms. Redistribution or repurposing without authorization is strictly prohibited.
Pine Script® indicator
by malik_hameem