This script is the perfect strategy for the all mighty shark-32 pattern. It shows the power tussle between demand and supply before either of them finally gives up.
We are not supposed to make trading decisions based on active bars (bars that have not closed), right? Well sometimes my trigger finger gets a little twitchy when I'm awaiting an entry and an active candle starts to pull away or I'm in a trade and an active candle pushes against me. Therefore, I made a VERY simple indicator that ghosts the active bar. You can see...
Hey traders! This is a simple script to show some information about the candles on your screen. Currently it shows: - Pinbars - Inside bars - Bullish engulfing candles - Bearish engulfing candles Quick explanation about the settings: - Wick to candle range ratio (default 0.7): Pinbar wick needs to be at least 70% of the candle range - Part of wick that stands...
Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting. It’s important to note that candlestick patterns aren’t...
This script is for custom candles based on an HMA calculation with a default period of 10 as well as an SMA of the close price, defaulted to 1 period to only show the current price. The purpose of the custom candles is to try and reduce noise from candles and help identify trends. These custom candles somewhat resemble Heikin-Ashi candles in their...
Its a simple analysis using Candle Pattern Technique, Engulfing. The script will find the engulf candle by considering three bars before. For Bullish Engulfing it will be colored by yellow, and for Bearish will be white. I reccomend you for using this script in Daily Time Frame. Enjoyyyy!!!
Hello world, I now took the time and puzzled through my own indicator. The idea: Main "strategy" uses 3 EMAs (8, 13 and 21) to attain trend-relevant information. Then we look for bullish & bearing engulfing candles which indicate and pullback into trend direction and a gain in momentum. Trading purpose: One could now enter with next open. SL at low/high of...
Dear Followers, today a new Price Action Tool , the "Pinbar that matters" , also known as Hammer (bullish case) and Inverted Hammer (bearish case). Everybody knows the importance of pinbar to highlight reaction at support or resistance range , as well as at supply and demand zones market makers' actions trend switching in short-term and mid-term...
Dear Followers, today a new Price Action Tool , the "Engulfing that matters" . Everybody knows the importance of engulfing to find supply and demand zones market makers' actions trend switching in short-term and mid-term future They can be both bullish or bearish , but the real problem is that not all, but only a few engulfing matters ! And ...
Identifies and shows unfilled price gaps that are larger than a given percentage. Options: The default gap threshold is currently set to 3% but can be changed in the indicator settings. The line width is currently set to 2 and can also be edited in the settings. Access: To gain access to this indicator, you may send me a request via direct message on...
Higher TimeFrame using custom source function for toggling traditional Candle sources or Heikin-Ashi sources on a traditional Candles chart. Thanks to PineCoders for rounding method: www.pinecoders.com Thanks to @LucF and @RicardoSantos for their advice and enlightenment as always. NOTICE: This is an example script and not meant to be used as an actual...
Basically this indicator helps to identify big black and white candles, which means there was a big movement in the stock. This candles checker will mark all the candles which call into this category. Big white candles state that the share has been bullish on that particular day.
This is a simple Scalping Strategy based on custom Candle Patterns The script mainly identifies reversal patterns and signals them on the chart. All chart signals can be setup as live alerts ! It works well on literarly any Pair/Timeframe
This is the Jackrabbit Savings Account. This script is designed to mimick a standard savings account and generate small amounts of profit of a daily basis. This script implements a form of dollar cost averageing (DCA) that uses a price deviation methodology. Its primary principle is based upon my "failsafe" blueprint, which is tailored to people with little or no...
Lifted description from web: Hikkake means to trap, trick, or ensnare. Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the range of the preceding price bar. Inside bars are typical on price charts of most timeframes. While you’ll often find inside bars in...
Hello Traders, Apophis MTF Engulfing Screener is based on Daveatt's Engulfing Screener and will screen for engulfing candles on multible time frames. It can help detecting not obvious engulfing candles. How it works? - choose your preferable time frames - green triangle up -> bullish engulfing on this time frame - red triangle down -> bearish engulfing on...
This indicator was based on the Elders Impulse System by astraloverflow. The only difference is that I included the weekly EMA26 as a filter and you can plot it on the graph if you want (unchecking the Weekly EMA26 won't turn the filter off, will only stop plotting it). The indicator works this way: When the MACD Histogram is growing UP, the EMA13 is pointing...
This strategy is meant to be traded mainly on the Forex market. It is to be used in ranging markets after having identified both support and resistance. You need to identify those zones manually with your preferred method. The current script will look for a candle breaking the lower band of the Bollinger bands (20,2) followed by an Engulfing candle for a bullish...