VWAP CandlesTried making candles of Vwap instead of normal price to see if something interesting would happen. Something interesting did happen as you can see.
Looks best in 4h because of reasons unknown. In lower timeframes it looks kinda stupid (moves the same as nrmal vwap). Day or above it looks the same as normal candles.
Gaps seem to work as s/r? or at least I've seen price react to those levels.
I've also seen a vwap reversal candles show (like dojis, pin bar), while price candles look normal. Could potentially give you a reversal warning?
You can also plot indicators like bollinger bands etc on the vwap candles. Just press the little plus.
Candles
Volume Weighted Market Mean 3.0 [Dia]150924 - v3.0
This script is a complete rewrite of the previous version here .
It gathers market data from up to 8 different Bitcoin exchange pairs (8 is maximum due to script limitations).The influence of each single exchange can be customized individually, default is 50% for 0-fee exchanges, 10% for futures and 100% for all others. For each single exchange a standard deviation from the composite mean price and a average price range are determined. To make data from exchanges with different liquidity comparable, all single exchange price ranges are normalized to the range of the composite mean price. To make data from exchanges with different fee structure (= exchanges that constantly trade at a premium / discount) comparable, all single exchange prices are corrected by their respective standard deviations. To account for trade volume, all price data is weighted by the current candles volume.
- optional Heikin Ashi candle display
- optional EMAs
- lots of switches to play around with ;-)
Candles Pattens (v. 1.14)This script sows you candlestick patterns in real-time.
At that moment script knows Bearish/Bullish Engulf and Doji Points.
You can recommend me which pattens you want to see in next version at comment section below
Reversal Candle Pattern SetUp
An outside reversal candle set up script with buy/sell signals. Looks simple but it's pretty powerful especially if combined with your choice confirming indicator.
The pattern psychology is this one (Frank Ochoa explanation): " The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup.
[Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value.
As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the
prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside
follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying
pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the
beginning of a bullish advance."
[RS]Multiple Moving Average Candle System V0double ma system built into candle sticks,
wick, above body shows true high, under true low.
the body symbolizes the double ma's, colors for expansion/contraction of the ma's.
optional: can hide true close point(black dots)
good usage with rsi candles:
TUX CandlesThis indicator has a lot of information. This is the first version so stay tuned for updates, and please let me know of any bugs.
Candlestick Indicators:
Doji
Shooting Star
Evening Star
Hammer
Hanging Man
Candlestick Formations
Tri-star
Bearish Harami
Bullish Harami
Bearish Harami Cross
Bullish Harami Cross
Bullish Engulfing
Bearish Engulfing
Rising Three
Falling Three
Bearish Abandoned Baby
Bullish Abandoned Baby
Three Black Crows
Three White Soldiers
Technical Indicators:
(You can set you MA periods)
Moving Average Cross
Move Average Crossover
[RS]Bollinger Bands Breakout Candles V0EXPERIMENTAL: a experiment using bollingers and directional momentum, Breakout detector.
Candlestick Patterns Identified (updated 3/11/15)I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up.
Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen.
I have everything spelled out except the hammer and inverted hammer. They are "H" and "IH" respectively on the charts. They show up so often that they cluttered the charts.
The default script has: Doji, Evening Star, Morning Star, Shooting Star, Hammer, Inverted Hammer, Bearish Harami, Bullish Harami, Bearish Engulfing, Bullish Engulfing, Piercing Line, Bullish Belt, Bullish Kicker, Bearish Kicker, Hanging man, and Dark Cloud Cover. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts.
I recommend watching videos with Stephen Bigalow to get a feel for how to trade these. You will want to add an 8 EMA to your chart with his setups. Enjoy.
If you want the old version: Take a look at the related ideas below.
LX Rsi Divergence BarsThis script colours the bars when they are below or boyond a specified RSI threshold
