Get started

Candlestick Analysis

Position Size CalculatorThis is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order for it to work properly 1. Account Balance : Account balance in either whatever is base currency of account 2. Risk % : Percentage of account balance to lose if stop is hit. 3. Entry 4. Stoploss 5. Target Price Notes: - Target Price is required for calculating R/R but is not necessary to calculate position size. - Formula to calculate position size is : Balance * Risk % / SL % - Formula to calculate R/R is : TP % / SL % - SL % = ( Entry - SL ) / Entry * 100 - TP % = (TP - Entry ) / Entry * 100 Thanks to u/Chonky_ for help with feedback.
Pine Script™ indicator
by zzzcrypto123
59
Strat Candles+Open Levels+Active FTFC** YOU MUST READ BEFORE USING THIS INDICATOR ** This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals! Strat Candles+Open Levels+Active FTFC Indicator features : Strat Candles Scenarios 1, 2 and 3. Open Price Levels for the 1min/5min/15/30/60/4HR/12HR/D/W/M/Q/Y Active FTFC (Full Timeframe Continuity) Function. How to use Active FTFC: After you have added the indicator to your chart you must open the Indicator Settings. Select your Active FTFC Timeframe Group and Select your Candle Body Color for Bullish FTFC and Bearish FTFC. When FTFC is Active the candle body will change color when all FTFC conditions have been met across your selected Timeframes. For Active FTFC to work successfully only open the FIRST Timeframe chart listed within your selected group! If you select other Timeframes within your selected group Active FTFC results will be invalid. Example: If you have ticked and selected 'Active FTFC 60/D/W/M' you must only use the Active FTFC function on a 60min chart. If you then open a Daily chart the Active FTFC will not work correctly go back to the 60min chart. Please note this function only works on the current live candle not previous historical candles on the chart. Feel free to use Trading View's Replay feature on any chart with the Indicator to see how it works. How to change Strat Candles, Open Price Level Labels/Price Lines and Active FTFC Candle Color's: - All color's are customisable within the Indicator Settings. After you choose your color's on the Inputs and Style pages make sure you click the drop down arrow next to 'Defaults' (bottom left of the indicator settings) and then click 'Save As Default' to save your personalised indicator preferences.
Pine Script™ indicator
by wolffnbear
15
Swing Highs/Lows & Candle Patterns [LuxAlgo]This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past. 🔶 USAGE It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it. The notations HH, HL, LH, and LL you can see on the labels are defined as follows: HH : Higher high HL : Higher low LH : Lower high LL : Lower low 🔶 SETTING Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.
Pine Script™ indicator
by LuxAlgo
143
Cumulative Delta VolumeHello Traders, This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume. The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative Delta is to confirm or deny market trends. you may need to search it for yourself ;) You have option to see it as Candles or a Line. also there are options to show 2 SMAs and 2 EMAs with different Lengths, you can set the lengths as you wish. By default it shows CDV as Heikin Ashi Candles, it can also show it as normal candles: It can show CDV as a line: Also you may need to check divergence: Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
109
Bullish and Bearish by NicolErazoFThis indicator changes the color of the candlesticks when there’s a change in the trend to the rising or falling trend. BEARISH ENGULFING: Yellow candlestick. It is an engulfing falling trend reversal; you must make a sell decision. BEARISH HARAMI: White candlestick. Indicates a possible falling trend change, you must be alert for a possible sale. BULLISH ENGULFING: Black candlestick. It is a change in the engulfing rising trend, you must make a purchase decision. BULLISH HARAMI: Blue candlestick. Indicates a possible rising trend change, you should be alert for a possible purchase. On the chart, you can see the 4 candles, on September 11 the black candle appears indicating a change in the uptrend. But today, the white candle is seen, which appears on September 8, indicating a rebound with a possible change in trend to bearish. Previous days, on August 26, you see the blue candle with a possible change in the upward trend, which then, on August 28, a yellow candle appears with a change in the downward trend. The Engulfing indicator (yellow and black) says that the candle has an engulfing change that is radical. On the other hand, the Harami (blue and white) indicates a possible change in trend that must be previously analyzed. Harami candles are smaller than Engulfing candles, since Harami in a Japanese term that means pregnancy, where the previous candle is the woman and the next candle is the baby. ___________________________________________________________________________ ESPAÑOL Este indicador cambia las velas de color cuando ocurre un cambio de tendencia ALCISTA o BAJISTA BEARISH ENGULFING: Vela de color amarillo. Es una cambio de tendencia bajista envolvente, debes tomar una decisión de venta. BEARISH HARAMI: Vela de color blanco. Indica un posible cambio de tendencia bajista, debes estar alerta para una posible venta. BULLISH ENGULFING: Vela de color negro. Es un cambio de tendencia alcista envolvente, debes tomar una decisión de compra. BULLISH HARAMI: Vela de color azul. Indica un posible cambio de tendencia alcista, debes estar alerta para una posible compra. En el gráfico, se pueden ver las 4 velas, el 11 de Septiembre aparece la vela negra que indica un cambio de tendencia alcista. Pero hoy, se ve la vela blanca, que aparece el 8 de septiembre, indicando un rebote con un posible cambio de tendencia a bajista. Días anteriores, el 26 de Agosto, se ve la vela azul con un posible cambio de tendencia alcista, que luego, el 28 de agosto aparece una vela amarilla con cambio de tendencia bajista. El indicador Engulfing (amarillo y negro) dice que la vela tiene un cambio envolvente que es radical. En cambio, el Harami (azul y blanco) indica un posible cambio de tendencia que debe ser previamente analizado. Las velas Harami son más pequeñas que las Engulfing , ya que Harami en un término japonés que significa embarazo, en donde la vela anterior es la mujer y la vela siguiente es el bebé.
Pine Script™ indicator
by nicolerazof
3
Tweezer Top & Tweezer Bottom Pattern (Expo)Tweezer Top/Bottom Pattern (Expo) indicator identifies real-time Tweezer Top and Tweezer Bottom in any market and in any timeframe. This is an enhanced version of the pattern which enables higher accuracy, and noise filtering. In addition to that, Tweezer Levels can be displayed which can be used in many different ways, for instance, as a stop loss level, or to confirm the signal. The ideal Tweezer pattern includes that the wicks should be 100% the same length. However, that rarely happens. So in this enhanced version, the user can set the maximum change that is allowed between the wicks. To enhance the signal accuracy a Bullish engulfing and Bearish engulfing filter can be toggled on. So a signal will only be displayed if an engulfing candle is in play. HOW TO USE Tweezer Top/Bottom should be used together with KEY market levels or with KEY supply/demand zones. Enter Long: if a Tweezer Bottom signal occurs at a KEY Level or on a KEY supply/demand zone. Target: The first target should be the nearest resistance level or supply zone. The second target should be the next resistance level or supply zone, and so on. Enter Short: if a Tweezer Top signal occurs at a KEY Level or on a KEY supply/demand zone. Target: The first target should be the nearest support level or demand zone. The second target should be the next support level or demand zone, and so on. Stop Loss: The Tweezer levels can be used as a stop loss. Remember: Use the indicator together with KEY levels or KEY Supply/Demand Zones. INDICATOR IN ACTION 4 Hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/ideas are only for educational purposes! ----------------- ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Pine Script™ indicator
by Zeiierman
25
Jackrabbit.modulus.TimeKeeperThis is the Time Keeper for the Jackrabbit suite and modulus framework. The entire modulus framework has been built upon taking historical data and working with the "flow" of that data, no matter what state the market is in. This has often lead to missed opportunities and an asset may be serverely channel locked from the historical data. Many coins still suffer this from the Black Thursday market drop. This module interrupts the "flow" of historical data and allow the ability to trade is if the past didn't exist. This can be a very important step for the DCA module in avoiding long term channeled situations. There are many other benefits to this module as well with respect to time trading limitations. The downside is that historical data is completely disregarded. Care must be used in the placement of this module within your IoI chain. Only the signal line is displayed. Times are based upons TradingView, not your local timezone. Red backgrounds are when the trading action is outside the time limits of the module. Green is when trading action is in the limits of the module. Start and end times are user configurable. The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis. This script is by invitation only. To learn more about accessing this script, please see my signature or send me a PM. Thank you.
Pine Script™ indicator
by RobertD7723
GreyPool VSA Spread/Wick Divergence IndicatorThe purpose of this indicator is to determine the distance between the spread of a bar/candle and the wick at a glance (Spread is defined as the range between the open and close and the wick is any part of the bar/candle that is beyond that range). Climactic action bars typically have large spreads and a pronounced wick which indicates hidden buying or selling. Definitions of Colors: Light Blue Area - Average spread size of the last x bars where x is the set MA period Red Column - Indicates a very high spread that is far beyond the average Yellow Column - Indicates spreads that are at the average line or just above it Green Column - Indicates a very low spread Thin Red Histogram - Indicates the size of the bottom wick (Either the distance between the close and low of down bars or the open and low or up bars) Thin Blue Histogram - Indicates the size of the top wick (Either the distance between the open and high for down bars or the close and high for up bars) *** Please Click The LIKE Button to Support Us, Thank You ***
Pine Script™ indicator
by GreyPool
3
Gap Down Reversal StrategyA "Gap down Reversal" is when the current days candle, opens, below the prior days close, and "finishes up" on the day with the close greater than the open. This type of price action can provide traders with favorable entry points to trade long, as anyone who was short the prior day, can get squeezed or panic out of the trade as they would see profits erode quickly from the gap down at the open. Strategy results are shown on SHOP with 10k starting capital and 10k per trade. The strategy enters at next days close after the gap down reversal fires off, and a 5% trailing stop order is also executed. This is important to understand when experimenting with different trailing stops on different symbols and observing results to find the most viable strategy. The discretionary trader may choose to enter at the close, or at the next days open, so understand results are not calculated for those entry points. You also may alter the start date of the strategy, so you can include, or exclude certain dates. Experiment with different stops and symbols! More volatile symbols most likely will need looser stops and Vice Versa. Concentrate on symbols in up trends, as "the dips" usually get consistently bought in these names, but hard reversals in downtrends can happen as well. Any questions/concerns please let me know and happy trading.
Pine Script™ strategy
by RolandoSantos
3
Green Over Red Candle - GORCAlert anytime a Green Candle is over a Red Candle after touching EMA 20 periods Every time a green candle surpassed red candle after that previous candle cross or touch exponential average of 20 periods and alert is showed in chart It considers that previous red candle has been losing strength after crossing or barely touching EMA 20 Also SMA of 50 and 200 periods are show as indicators in order to stablish targets or stop losses. Future versions will show direct rebounds and price targets
Pine Script™ indicator
by djss2570
21
SessionsThis is an advanced level sessions indicator. Not so much an indicator, more of an auto way of plotting levels rather than drawing levels by hand every day. It maps out the London and New York Sessions. It also maps out the closing time and price for future reference. Daily high and low of the past few days are laid out. Each setting can be turned on and off in the settings if you don't require that session info. The time settings are setup according to NY time. It should work straight without any modifications. If you are a price action trader using sessions, this indicator will help you track price movement between sessions and give you possible support and resistance levels based on the previous session close. This indicator does require allot of sessions based trading knowledge but if you understand it, it can be of major use to you. Best used on GBP and USD currency pairs Best timeframes 5Min - 1Hour Best trading style would be day trading
Pine Script™ indicator
by FnM_Capital
7
Trailing EngulferTrailing Engulfer is a price action strategy that uses trailing orders that makes use of any timeframe although shorter timeframes are typically used with price action trading. due to it being price action related, there are some differences needed when trading with different assets. This strategy is recommended to be used for stocks and futures only although it can be used on others. There are two specific inputs that pertain to futures: trailing trigger and trailing offset. Futures price changes in ticks and tick values are supposed to be used here, whereas the percentage fields are primarily for stocks. Inputs: Futures: Trailing Trigger - used for futures only and the value represents the number of ticks you wish for a trailing order to enter. For example: if set to 4 ticks, the trailing stop will not be created until after 4 ticks of profit has been reached. Futures: Trailing Offset - used for futures only and the value represents the number of ticks you wish the stop to trail the price. For example: if set trigger is set to 4 and offset is set to 3, then the trailing stop order will be created once a profit of 4 ticks has been reached and the trailing stop will be 3 ticks against you. Max Loss (%) - used for stocks only and the value represents the maximum loss you are willing to take in case the trailing stop hasn't yet been made. For example: you wish the trailing stop to be created once it has made 1% profit. If it never reaches that, it will close at this Max Loss value. Trailing Trigger (%) - used for stocks only. It works similar to the futures trigger other than the fact that it uses % rather than ticks. Trailing Offset (%) - used for stocks only. It works similar to the futures trigger offset other than the fact that it uses % rather than ticks. Futures also have a "Max Loss" but it is not user defined. For futures, the max loss is not based on a tick loss but rather entirely on the asset's price action. Futures also makes use of shorting.
Pine Script™ strategy
by brettcomardelle93