This indicator could be used to identify choppy Market Conditions based on the EMA. It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction. I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies. So i...
Candlestick Channels return channels whose extremities converge towards the price when a corresponding candlestick pattern is detected. This allows for us to obtain more reactive extremities in the presence of a cluster of candlestick patterns. The detected candlestick patterns are also highlighted with labels on your chart automatically. Settings Trend...
Sneaky Volume An experimental script that marks the highest and lowest candle of the day with above average volume. New candles that meet the criteria will repaint until daily close How to use They can be interpreted in a number of ways. Potential sign of consolidation, reversal, continuation or retest zones. Use on own discretion. In action
This simple script provides a visual aid for price action traders by coloring outside & inside candles, which in effect leaves the trader with 6 possible candle colors: -Regular bullish candle -Outside bullish candle -Inside bullish candle -Regular bearish candle -Outside bearish candle -Inside bearish candle These candlesticks may provide powerful signals when...
BINANCE:ETHUSDT The CAP index is my own homebrew trend indicator made to help traders see the slightly bigger picture, because we all know that as traders we can tend to hyper-focus in on a few candles and end up making a stupid trade because of it, or is it just me ? On a more serious note this indicator helps you find the short term trend by looking at bullish...
Mark Structure is building the market swing structure, minor and sub structure and marks all possible insignificant pivots Building such structure is really complex task to do, that has a lot of obstacles and challenges. I'm doing my best to develop this indicator behaving in absolutely expectable and right way. Fill free to leave any comments or bug reports. it...
Mark FVGs is marking FVG (stands for Fair Value Gap, other name is Imbalance or IMB) on your chart so that you can instantly detect them It supports: - marking bullish and bearish partly filled or unfilled FVGs of the current timeframe - marking bullish and bearish already filled FVGs of the current timeframe - marking bullish and bearish FVGs of the any...
Inside Bar have at least 2 candles. They include one mother candle and multiple child candles. Mother candle will cover whole child candles ( child candles have high and low within mother candle) This script will highlight Inside Bars How to use : When we analyze market structure, we can combine mother candle and children candles and see them as a...
This is a Engulfing Candle Indicator with Alerts. This is not like any other Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles. Also, the user can choose if they like nice body engulfing or they want to ignore them. The indicator have the following highlights: 1) Ability to choose...
This is a Bullish Engulfing Candle Indicator with Alerts. This is not like any other Bullish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles. Also, the user can choose if they like nice body engulfing or they want to ignore them. The indicator have the following highlights: 1)...
This is a Bearish Engulfing Candle Indicator with Alerts. This is not like any other Bearish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles. Also, the user can choose if they like nice body engulfing or they want to ignore them. The indicator have the following highlights: 1) ...
Hello Traders, the script below is designed to display the monthly, weekly, previous days' and current days' open, close, high and low. I designed it to assist in top down analysis by knowing the monthly and weekly opens and closes it makes it a lot easier to make trading decisions on the lower timeframes. As the user you can choose which price values you'd like...
An imbalance is created when the order block creates such impulsive volume in the market that it throws off the equilibrium between buyers and sellers, forming a gap. This is referred to as imbalance or FVG. These gaps act as a magnet for price to retrace to, in order to correct the disturbance in market equilibrium. Imbalances = FVG This image above shows...
I created this script as POC to handle specific cases where not having tick data on historical bars create repainting. Happy to share if this serves purpose for other coders. What is the function of this script? Script plots a sub-candle which is remainder of candle after forming the latest peak. Higher body of Sub-candle refers to strong retracement of...
Script Details - This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day) - Basis plotted inside bar, relevant targets are marked on the chart - Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below...
// Public Domain // By JollyWizard // For overlaying Heikin Ashi candles over basic charts, or for use in it's own panel as an oscillator. // Enjoy the visual cues of HA candles, without giving up price action awareness. // Good for learning and comparison.
OVERVIEW This indicator shows whether Heikin Ashi is up or down, represented by a bar. This indicator is compatible with MTF. CONCEPTS What do you want to know about market analysis? Do you want a hard analysis? You can look for it. All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'. All I want to know is whether the current...
The purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles. The arrows, and line can be turned on and off. You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement. The script will only alert if the reversal is a 2up red candle, a 2up...