█ Overview The Price Action Color Forecast Indicator , is an innovative trading tool that uses the power of historical price action and candlestick patterns to predict potential future market movements. By analyzing the colors of the candlesticks and identifying specific price action events, this indicator provides traders with valuable insights into future...
█ Overview The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified...
"Top and bottom Hunter" indicator combines two popular technical analysis tools, Fibonacci retracement levels and the Relative Strength Index (RSI), to identify potential trading opportunities in the market. Fibonacci retracement levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones. In trading,...
This code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style. The code imports an external script...
How the Script Works: 1. The script identifies potential Head and Shoulders patterns by searching for specific pivot highs and pivot lows in the price data. 2. It checks for the presence of a left shoulder, head, and right shoulder based on the conditions defined in the script. 3. If a valid Head and Shoulders pattern is found, the script plots lines and...
The script is an advanced technical analysis tool specifically designed for trading in financial markets, with a particular focus on the BankNifty market. It utilizes two powerful indicators: the Fractal Adaptive Moving Average (FRAMA) and the CPMA (Conceptive Price Moving Average), which is similar to the well-known Chande Momentum Oscillator (CMO) with Center of...
The new "Pure Morning 2.0 - Candlestick Pattern Doji Strategy" is a trend-following, intraday cryptocurrency trading system authored by devil_machine. The system identifies Doji and Morning Doji Star candlestick formations above the EMA60 as entry points for long trades. For best results we recommend to use on 15-minute, 30-minute, or 1-hour timeframes, and are...
This is an original script based on a very old idea called the Benner Theory from the Civil War times. Benner discovered a pattern in pig iron prices (no clue what those are), and this turned out to be a parallel idea to indicators based on Fibonacci numbers. Because a year is 365 days (nearly 377, which is a Fibonacci number), made up of 52 weeks (nearly 55,...
█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...
╭━━━╮╱╱╱╱╭━╮╭━╮ ┃╭━╮┃╱╱╱╱┃╭╯┃╭╯ ┃╰━━┳━╮╭┳╯╰┳╯╰┳━━┳━╮ ╰━━╮┃╭╮╋╋╮╭┻╮╭┫┃━┫╭╯ ┃╰━╯┃┃┃┃┃┃┃╱┃┃┃┃━┫┃ ╰━━━┻╯╰┻╯╰╯╱╰╯╰━━┻╯ Overview A vast majority of modern data analysis & modelling techniques rely upon the idea of hidden patterns, wether it is some type of visualisation tool or some form of a complex machine learning algorithm, the one thing that they have in...
This script was developed with Blockhead305 (seriously talented) and uses 1) the Three Line Strike from The Moving Average as well as 2) an original doji script written for me and 3) the Interactive Trendline as developed by Blockhead305. The basic premise is that should a doji or Three Line Strike occur within a customizable ATR distance from your trendline, an...
This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout...
The indicator shows the true color of a bar based on the internal composition on 1 minute timeframe and the final outcome. It uses following parameters of 1minute and current timeframe inputs relative bar close, average volume vs current volume and finally the volume of internal candles. It follows following steps: First, it defines the arrays of high, low,...
ICT London Killzone Strategy. The 2AM EST Candle Strategy (London KZ) is a simple trading strategy based on the price action of the 2AM EST candle on the hourly chart of a given asset. The strategy is designed to be used with forex pairs and other assets that are highly liquid during the end of Asian trading session. The strategy involves waiting for the hourly...
the indicator name is Bollinger Band inside bar because it uses Bollinger Band and inside bar to take counter-trend positions in the market. whenever this pattern is formed then it can be used to take an entry into the market. the candlestick pattern recognizes 3 candle candlestick. first the mother bar i.e. the medium to the big size candle that intersects with...
FEATURES: - Detect a 2 or 3 consecutive candlestick pattern. Input the value into the first input value. - Choose the minimum and the maximum amount of pips of the candle that you want to detect. The indicator will detect candles within that pips range and highlight the consecutive pattern - Choose to not use the pips threshold. If disabled the indicator will...
Acknowledgement This indicator is dedicated to my friend Alexandru who saved me from one of these liquidation raids which almost liquidated me. Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks. This inspired me to create this indicator. What's a Liquidation Wick? It's that fast stop-hunting wick that...
This is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules: 1. If RSI(2) is less than 15, then enter at the close. 2. Exit on close if today’s close is higher than yesterday’s high. If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is...