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Candlestick analysis

2-Min Strong Engulfing PatternTwo-Candle Engulfing Indicator (5-Minute Version) This TradingView indicator detects two-candle engulfing patterns on the 5-minute timeframe. It identifies bullish and bearish reversals by analyzing the last three candles: Bullish Engulfing: A green candle that fully engulfs the previous two red candles, signaling potential upward momentum. Bearish Engulfing: A red candle that fully engulfs the previous two green candles, signaling potential downward momentum. Features: Works on the 5-minute timeframe, even if the chart is set to a different timeframe. Plots green triangles below bullish engulfing candles and red triangles above bearish engulfing candles for easy visualization. Built-in alert conditions notify you immediately when a pattern occurs, allowing you to react in real-time. Lightweight and optimized for fast detection without affecting chart performance. Use Cases: Spot short-term reversal opportunities. Combine with other indicators or trading strategies to confirm trends. Receive alerts for potential entries or exits in day trading setups.
Pine Script® indicator
by mcdougall11
Aibuyzone Vector Strategy - Floating DashboardVector Strategy – Floating Dashboard The Vector Strategy is a visual trading-analysis tool designed to highlight strong directional candles that may represent impulsive moves in the market. It combines candle-structure analysis, volatility expansion, volume conditions, and trend filters into a single clear visual display. Core Logic Identifies candles where the body makes up a significant portion of the full bar range, suggesting strong directional intent. Uses an ATR (Average True Range) expansion filter to confirm that the current candle’s range is larger than normal volatility. Optionally applies a wick-imbalance requirement to favor bars showing a clear directional bias. Can include a volume spike filter, marking candles where volume exceeds a moving average multiple. Trend and Momentum Filters Local trend: Defined by a fast and slow EMA pair to show short-term bias. Higher-timeframe trend: Optionally aligns with an EMA from a higher timeframe to confirm broader momentum. Momentum: RSI filter avoids generating signals in heavily overbought or oversold conditions. Fair Value Gap (FVG) Option When enabled, the script checks for a simple three-bar fair-value-gap structure in the direction of the potential signal, acting as an additional confirmation filter. Signals and Visuals Plots fast and slow EMAs to visualize the underlying trend. Displays up/down shapes when qualifying vector-candle conditions occur. Optional labels show “Vector Long” or “Vector Short” at the candle where conditions align. Includes alert conditions for both long and short setups. Floating Dashboard A compact floating panel summarizes the most recent signal and market context: Current signal state (Long / Short / Neutral) Trend bias (Bullish / Bearish / Flat) RSI reading Body-to-range percentage Volume-spike confirmation Practical Use This tool can assist traders in identifying strong impulsive candles aligned with a trend filter. It is meant to complement a complete trading strategy, not to be used in isolation. Traders may adjust thresholds such as ATR multiple, body-percentage, or RSI range based on the instrument’s volatility and personal risk tolerance. Important Notice This script is provided for educational and analytical purposes only. It does not provide financial advice, recommendations, or guaranteed results. Market conditions vary, and past performance does not ensure future outcomes. Always test and validate any configuration in a simulated environment before live trading.
Pine Script® indicator
by aibuyzone
Two-Candle Engulfing 5minTwo-Candle Engulfing Indicator (5-Minute Version) This TradingView indicator detects two-candle engulfing patterns on the 5-minute timeframe. It identifies bullish and bearish reversals by analyzing the last three candles: Bullish Engulfing: A green candle that fully engulfs the previous two red candles, signaling potential upward momentum. Bearish Engulfing: A red candle that fully engulfs the previous two green candles, signaling potential downward momentum. Features: Works on the 5-minute timeframe, even if the chart is set to a different timeframe. Plots green triangles below bullish engulfing candles and red triangles above bearish engulfing candles for easy visualization. Built-in alert conditions notify you immediately when a pattern occurs, allowing you to react in real-time. Lightweight and optimized for fast detection without affecting chart performance. Use Cases: Spot short-term reversal opportunities. Combine with other indicators or trading strategies to confirm trends. Receive alerts for potential entries or exits in day trading setups.
Pine Script® indicator
by mcdougall11
FVGC — MTF ScreenerFVGC — MTF Screener (by Capital Complex) Part of the FVGC Suite. A compact, real-time dashboard that scans the 30s, 1m, 2m, and 3m timeframes for FVGC-compliant conditions—showing a green/red dot when a bullish/bearish setup is arming, and a green/red square when the setup confirms. Built to sit beside FVGC — Signals and FVGC — Visual Overlay so you can monitor multiple timeframes at once without clutter. --- ## What it does Multi-TF heads-up display : Tracks 30s, 1m, 2m, 3m for valid FVGC criteria. Clear state encoding: * Dot = conditions are aligning (setup arming). * Square = entry model confirmed (go/no-go). Rule-true logic: Mirrors your FVGC rule set (tap/engulf/inversion and guardrails) so the screener matches what your Signals indicator would accept on each timeframe. Noise control: Honors your Trading Windows to keep the screen focused on the session you actually trade. --- ## Why traders use it Time compression: See four lower timeframes progress from “almost” to “confirmed” at a glance. Discipline aid: Use the dot phase as a heads-up, and the square as the only moment you consider action—no more chart hopping. Suite cohesion: Screener tells you when, Visual Overlay shows where, Signals defines how. --- ## Key features & options Timeframes: 30s, 1m, 2m, 3m (fixed for clarity and speed). FVGC-aligned filters: Honors your suite’s guardrails (e.g., IFVG/BOS logic, midpoint FTC checks, opposing-FVG 50% behavior, opening-range distance caps by TF). Trading Windows aware: Optional pre-window arming visibility for early heads-up. Readable UI: On-chart table/HUD with per-state colors (dot/square), custom text color control, and minimal footprint. Timezone aware: Defaults to America/New_York to align with RTH and your other FVGC tools. --- ## Notes Designed for index futures, indices, and liquid FX. This is a visual scanner; it does not place orders. Pair with FVGC — Signals for your actual entry/management logic. --- ## Credits & suite Capital Complex — FVGC Suite © TheHiddenMarkets (code components) --- ## Disclaimer This tool is for educational purposes only and does not constitute financial advice. Trading involves risk; do your own research and manage risk appropriately.
Pine Script® indicator
by TheHiddenMarkets
Order Blocks & Market Structure (SMC)# Order Blocks & Market Structure (SMC) ## 📊 Overview A Smart Money Concepts indicator that identifies institutional order blocks (OB), market structure breaks (MSB), and breaker blocks (BB) with volume-based strength analysis. Designed for traders seeking to identify institutional accumulation/distribution zones and market structure shifts. ## 🎯 Originality Statement This indicator combines multiple analytical approaches into a unified system: - **Multi-level OB strength classification** using volume spike detection and body ratio analysis (OB/OB+/OB++) - **Automatic lifecycle tracking** that converts invalidated Order Blocks to Breaker Blocks with polarity reversal - **Volume context integration** showing buyer/seller dominance percentage at block formation - **Dynamic zone extension** that updates OB boundaries until price interaction or invalidation - **Delayed touch alerts** (5-bar minimum) to filter premature retest signals Unlike simple order block scripts that only mark zones, this tool provides strength assessment, volume analysis, and intelligent state management throughout the block lifecycle. ## ⚙️ Technical Methodology **Market Structure Detection:** Uses pivot-based swing point analysis to identify trend changes. When price closes above a pivot high (bullish MSB) or below a pivot low (bearish MSB), the structure is marked with horizontal reference lines. **Order Block Identification:** Searches the specified lookback period for the lowest low (bullish MSB) or highest high (bearish MSB). When a strong directional candle is found (opposite color to trend direction), its range becomes an OB zone. **Strength Analysis:** - Compares candle volume against 20-period SMA with configurable multiplier (1.2-3.0x) - Calculates body-to-range ratio to assess candle strength (0.4-0.8 threshold) - Assigns strength levels: Standard (no conditions), Strong (one condition), Premium (both conditions) **Breaker Block Conversion:** When price closes completely through an OB zone (bullish OB broken downward or bearish OB broken upward), the zone automatically converts to BB with reversed polarity and color. ## 📋 Features **Market Structure (MSB):** - Detects bullish and bearish structure breaks - Configurable swing length (5-50 bars) - Visual markers with horizontal lines **Order Blocks (OB):** - Three strength tiers: OB (standard), OB+ (strong), OB++ (premium) - Volume percentage display (buyer vs seller dominance) - Dynamic zone extension until invalidation **Breaker Blocks (BB):** - Automatic conversion from failed OBs - Polarity tracking (bullish ↔ bearish) - Fixed zones after conversion ## 🔧 Settings Documentation **Market Structure Group:** *Show Market Structure* - Enable/disable MSB detection and line drawing - Default: ON - When OFF: No structure lines or labels appear *MSB Labels* - Display text labels at structure break points - Default: ON - Labels show "MSB" at the break candle *Swing Length* - Lookback period for pivot point detection - Range: 5-50 bars - Default: 10 - Higher values = longer-term structure, fewer signals - Lower values = short-term structure, more signals *Bull Color* - Color for bullish elements (MSB, bullish OB, bullish BB) - Default: #089981 (green) *Bear Color* - Color for bearish elements (MSB, bearish OB, bearish BB) - Default: #f23645 (red) **Order Block Group:** *Order Blocks* - Enable/disable OB detection and zone drawing - Default: ON - When OFF: No boxes appear (MSB lines still show if enabled) *OB Strength* - Enable multi-level strength classification - Default: ON - When ON: Labels show OB/OB+/OB++ based on analysis - When OFF: All zones labeled simply as "OB" *Volume %* - Display buyer/seller volume percentage - Default: ON - Shows "X% Buy" or "X% Sell" inside zones - Calculated over 10 bars from zone formation *OB Lookback* - How many bars to search for OB candle - Range: 5-30 bars - Default: 10 - Searches for lowest low (bullish) or highest high (bearish) within this range *Vol Threshold* - Minimum volume multiplier for strength upgrade - Range: 1.2-3.0x - Default: 1.5x - Volume must exceed (20-period SMA × threshold) for OB+ or OB++ *Body Ratio* - Minimum body-to-range ratio for strength upgrade - Range: 0.4-0.8 - Default: 0.6 - Candle body must be at least this proportion of total range for OB+ or OB++ ## 📖 How to Use **For Trend Following:** 1. Wait for MSB in your desired direction 2. OB forms in the breakout area (the institutional entry zone) 3. Price may immediately continue or pull back to retest OB 4. Enter on OB retest with "OB Touch" alert (after 5+ bars from creation) 5. Higher strength OB (OB+, OB++) indicates stronger institutional activity **For Reversal Trading:** 1. Identify Breaker Blocks (former OBs that failed) 2. BB represents potential reversal zone with opposite polarity 3. Wait for MSB in BB direction for confirmation 4. Enter on pullback to BB zone **Volume Analysis:** - 70%+ Buy/Sell dominance = strong institutional bias - 60-70% = moderate bias - 50-60% = weak bias, use caution **Optimal Conditions:** - Works best on trending markets (4H, Daily, Weekly timeframes) - Less effective in tight ranges or low-volume periods - Major pairs/assets with good liquidity recommended ## 🔔 Alert Conditions (8 Types) The indicator provides the following alerts: 1. **Bullish MSB** - Upward market structure break detected 2. **Bearish MSB** - Downward market structure break detected 3. **Bullish OB Created** - New bullish order block formed 4. **Bearish OB Created** - New bearish order block formed 5. **Bullish BB Created** - Bearish OB converted to bullish BB 6. **Bearish BB Created** - Bullish OB converted to bearish BB 7. **Bullish OB Touch** - Price revisited bullish OB (minimum 5 bars after creation) 8. **Bearish OB Touch** - Price revisited bearish OB (minimum 5 bars after creation) Touch alerts include a 5-bar delay to avoid alerting on immediate continuation moves. ## ⚠️ Limitations & Risk Disclosure **Known Limitations:** - MSB signals can produce whipsaws in ranging or choppy markets - Not all OB touches result in successful trades - OB zones may be tested multiple times before activation - Volume data may be unavailable or unreliable on some instruments/exchanges - Strength analysis requires sufficient volume history - Historical repainting: OB zones extend dynamically as price interacts with them **Risk Considerations:** This indicator is designed for educational and analytical purposes. It identifies potential institutional zones but does not predict price movement. Past identification of zones does not guarantee future trading success. OB and BB zones represent areas of interest, not guaranteed support/resistance. Always use proper risk management, combine with other analysis methods, and never risk more than you can afford to lose. ## 🎨 Visual Guide **Colors & Symbols:** - 🟢 Green boxes = Bullish Order Blocks / Bullish Breaker Blocks - 🔴 Red boxes = Bearish Order Blocks / Bearish Breaker Blocks - Horizontal lines = Market Structure Break levels - "MSB" labels = Structure break points (above/below line) - "OB" / "OB+" / "OB++" labels = Order Block strength (right side of box) - "BB" labels = Breaker Block (converted from OB) - "X% Buy/Sell" labels = Volume analysis (center of box) **Box Behavior:** - OB zones extend to the right as long as price interacts with them (not broken) - When OB is invalidated, it stops extending and converts to BB - BB zones remain fixed at their invalidation point ## 💡 Best Practices - Focus on OB+ and OB++ zones for higher probability setups - Confirm OB touches with price action (rejection wicks, engulfing patterns) - Use multiple timeframe analysis (Daily OB + 4H entry) - Avoid trading in the first 1-2 bars after OB creation (wait for touch alert) - Consider volume % - avoid zones with <60% dominance - Combine with other confluence factors (Fibonacci, support/resistance) - Set realistic stop losses beyond the OB/BB zone --- **Version:** 1.0 **Pine Script:** Version 6 **Category:** Smart Money Concepts, Order Flow, Market Structure For questions or suggestions, use the TradingView comments section below.
Pine Script® indicator
by ideatradepro
TMB Invest - Smart Money Concept StrategyEnglish: **Quick Overview** The "TMB_SMC_Strategy_v1.1.3" combines a classic trend filter using two EMAs with contrarian RSI entries and simple SMC elements (Fair Value Gaps & Order Blocks). Stop-loss and take-profit orders are volatility-adaptive and controlled via the ATR. An integrated dashboard displays the setup status, stop-loss/take-profit levels, entry reference, and trend, RSI, and ATR values. --- ## Operating Principle 1. **Trend Filter:** A fast EMA (default 50) is compared to a slow EMA (default 200). Trading occurs only in the direction of the trend: long in uptrends, short in downtrends. 2. **Timing via RSI:** Contrarian entries within the trend. Go long when the RSI is below a buy level (default 40); Short when the RSI is above a sell level (standard 60). 3. **Structure Check (SMC Proxy):** An "FVG Touch" serves as additional confirmation that an inefficient price zone has been tested. Order blocks are visualized for guidance but are not a direct entry trigger. 4. **Risk Management via ATR:** Stop-loss and take-profit levels are set as multipliers of the current ATR (e.g., SL = 1×ATR, TP = 2×ATR). This allows target and risk distances to adjust to market volatility. 5. **Simple Position Logic:** Only one position is held at a time (no pyramiding). After entry, stop and limit orders (bracket exit) are automatically placed. --- ## Input Values * **EMA Fast / EMA Slow:** Lengths of the moving averages for the trend filter. * **RSI Length / Levels:** Length of the RSI as well as buy and sell thresholds (contra signals within the trend direction). * **Take Profit (RR) / Stop Loss (RR):** ATR multipliers for TP and SL. * **Show FVGs & Order Blocks:** Toggles the visual SMC elements (zones/boxes) on or off. -- ## Signals & Execution * **Long Setup:** Uptrend (fast EMA above slow EMA) **and** RSI below the buy level **and** a current FVG signal in a bullish direction. * **Short Setup:** Downtrend (fast EMA below slow EMA) **and** RSI above the sell level **and** a current FVG touch in a bearish direction. * **Entry & Exit:** If the setup is met, the market is entered; stop-loss/take-profit orders are placed immediately according to ATR multiples. -- ## Visualization * **EMAs:** The fast and slow EMAs are plotted to illustrate the trend. * **FVGs:** Fair Value Gaps are drawn as semi-transparent boxes in the trend color and projected slightly into the future. * **Order Blocks:** Potential order block zones from the previous candle are visually highlighted (for informational purposes only). --- ## Integrated Dashboard A compact table dashboard (bottom left) displays: * Current **Setup Status** (Long/Short active, Long/Short ready, No Setup), * **Stop-Loss**, **Take-Profit**, and **Entry Reference**, * **Trend Status** (Bull/Bear/Sideways), * **RSI Value**, and **ATR Value**. Active long/short positions are highlighted in color (green/red). -- ## Practical Guide 1. **Place on Chart** and select the desired timeframe. 2. **Calibrate Parameters** (EMA lengths, RSI levels, ATR multipliers) to match the market and timeframe. 3. **Backtest** across different market phases; prioritize robustness over maximum curve fit. 4. **Fine-Tuning:** * Shorter EMAs are often useful intraday (e.g., 20/100 or 34/144). * Adjust RSI levels to market characteristics (45/55 for aggressive trading, 30/70 for conservative trading). * Increase or decrease ATR multipliers depending on volatility/trading style. -- ## Notes, Limitations & Extensions * **FVG Definition:** The FVG detection used here is intentionally simplified. Those who prefer a more rigorous approach can switch to a 3-candle definition and fill levels. * **Order Blocks:** These primarily serve as a guide. Integration into entry/exit logic (e.g., retests) is possible as an extension. * **Backtest Realism:** Fills may differ from the displayed closing price. For greater accuracy, intrabar backtests or an entry indicator based on the average position price are conceivable. * **Alerts:** Currently, no alert conditions are defined; these can be added for long/short setups and status messages. * **Position Management:** By default, no scaling is performed. Partial sales, trailing stops, or multiple entries can be added. --- ## Purpose & Benefits The strategy offers a clear, modular framework: trend filter (direction), RSI contra timing (entry), SMC proxy via FVG Touch (structure), and ATR-based exits (risk adaptation). This makes it robust, easy to understand, and highly extensible—both for discretionary traders who appreciate visual SMC elements and for systematic testers who prefer a clean, parameterizable foundation.
Pine Script® strategy
by TMB_Invest
Session Dominator — Asia • London • New York Precision ZonesRule the global market sessions. Session Dominator is a precision-engineered indicator built for traders who want total clarity across Asia, London, and New York sessions. It automatically plots: 🔷 Dynamic Session Boxes — visually map institutional killzones in real time ⚙️ Session Mean Line — track equilibrium and liquidity shifts 📊 EMA-50 Confluence — align directional bias and intraday trend 🎯 BSL / SSL Levels — reveal active liquidity sweeps and reversals 💡 Bias Engine — evaluates structure and locks the session bias automatically Toggle between Asia / London / New York / Overlap / Custom modes to dominate any timezone. Designed with minimalist visuals, high precision, and ICT-based logic — this tool helps you anticipate where liquidity will be taken before it happens. ✳️ For XAUUSD traders, scalpers, and ICT-style analysts seeking sniper-level clarity.
Pine Script® indicator
by daisukeburn
1
Dashboard Trader _V1 📊 Dashboard Trader – Adaptive Structure, Trend & Zones Description: NSE Dashboard V3 is a next-gen support–resistance and trend-mapping indicator designed for positional and swing traders. It combines price structure, moving averages, and adaptive pivot logic to highlight Buy Zones, Take-Profit Zones, and overall market direction — all inside a clean, compact dashboard. ⸻ 🧩 What It Does • Auto-detects structural support & resistance zones using adaptive pivot clustering logic. • Tracks broken levels dynamically — old supports removed, new ones added. • Identifies trend bias using dual EMAs (20-EMA & 50-EMA). • Displays a live dashboard table showing: • LTP (Last Traded Price) • 20 EMA / 50 EMA • 52-week High & Low (true daily data) • Structural Support & Resistance • % Distance to each zone • Trend direction • Trade Setup Zone → BUY ✅ / TAKE PROFIT ⚠ / NEUTRAL ⸻ 🧠 How to Trade It 1. Check the trend: • 20 EMA > 50 EMA → Bullish bias (look for long entries). • 20 EMA < 50 EMA → Bearish bias (look for short or avoid longs). 2. Enter near support: • When price is ≤ 2% above Struct Support and trend is bullish → BUY ZONE ✅ 3. Exit or reduce near resistance: • When price is ≤ 2% below Struct Resistance → TAKE PROFIT ⚠ 4. If no valid resistance (at ATH): • Trail stop below 20 EMA or last swing low. ⸻ ⚙️ Key Features • EMA-based trend detection • Dynamic structural zone calculation (auto-updates) • Daily timeframe 52-week High/Low • Auto color-coded zones and table • Works on all NSE stocks, futures, or indices • Optional refresh every new bar • Lightweight – optimized for live chart use ⸻ 📈 Best Used For • Swing trading / Positional setups (Daily or 4-hour charts) • Intraday confirmation on lower timeframes (15-min+) • Trend continuation entries and risk-defined reversals ⸻ ⚠️ Disclaimer This indicator is for educational purposes only. It does not constitute financial advice or a buy/sell recommendation. Always combine with your own price action, volume, and risk management. ⸻ 💬 Author’s Note Built for traders who think in zones, not signals. Trade where risk is smallest and structure is strongest. — Wealthcafe Investments
Pine Script® indicator
by vaibhav22091978
Short-Timeframe Volume Spike DetectorShort-Timeframe Volume Spike Detector Description: The Short-Timeframe Volume Spike Detector is an advanced multi-timeframe (MTF) indicator that automatically detects sudden volume surges and price expansion events on a lower timeframe and displays them on a higher (base) timeframe chart — helping traders identify hidden intraday accumulation or breakout pressure within broader candles. ⚙️ How It Works Select a Base Timeframe (e.g., Daily, 4H, 1H). The script automatically fetches data from a Lower Timeframe (e.g., Daily → 1H, 1H → 15m). Within each base bar, it scans all the lower timeframe candles to find: Volume Spikes: Volume exceeds average × multiplier or a custom threshold. Price Strength: Candle shows upward movement beyond a minimum % change. When both conditions are met, a spike signal is plotted on the higher timeframe chart. 🔍 Features ✅ Automatic Lower Timeframe Mapping — Dynamically selects the most relevant lower timeframe. ✅ Two Detection Modes: Multiplier Mode: Volume spikes defined as multiple of average lower timeframe volume. Manual Mode: Custom absolute volume threshold. ✅ Trend Filter Option: Show only signals during uptrends (configurable). ✅ Visual Markers: Purple “X” = Volume Spike Detected Dotted red & green lines = Candle range extension ✅ Custom Label Placement: Above High / Below Low / At Spike Price ✅ Debug Mode: Displays full diagnostic info including detected volume, threshold, and % change. 📊 Use Cases Detect early accumulation in daily candles using hourly or 15-min data. Identify institutional buying interest before visible breakouts. Confirm strong continuation patterns after price compression. Spot hidden intraday activity on swing or positional charts. 🧩 Inputs Overview Input Description Base Timeframe Main chart timeframe for analysis Lookback Bars Number of recent candles to scan Volume Mode “Multiplier” or “Manual Benchmark” Volume Multiplier Multiplier applied to average lower timeframe volume Manual Volume Threshold Fixed volume benchmark Min Price Change % Minimum lower timeframe candle % move to qualify Use Trend Filter Only show in uptrend (close > close ) Extend Bars Number of bars to extend dotted lines Label Position Choose Above High / Below Low / At Spike Price Debug Mode Show live internal values for calibration 🧠 Tips Ideal for swing traders and multi-timeframe analysts. Works best when base = Daily and lower = Hourly or 15m. Combine with Volume Profile, VWAP, or RRG-style analysis for stronger confluence. Use Multiplier 1.5–2.5 to fine-tune for your asset’s volatility. ⚠️ Notes Works only when applied to the base timeframe selected in inputs. May not display signals on non-standard intraday timeframes (like 3H). Labels limited to max_labels_count for performance stability.
Pine Script® indicator
by nithinshenoy7
TS Viewer MTFThis indicator allows you to visualize Turtle Soup (TS) and Pending Range (R) formations on the current timeframe (TF). You can also enable other timeframes to display additional pending ranges. Multi-TF mode can be enabled or disabled based on your needs. However, since retrieving higher-TF data takes more time to process, it’s recommended to enable only a few of them. For example, the following correlations are suggested to keep the indicator running smoothly and prevent timeout errors: • W → D • D → 4H • 4H → 1H • 1H → 5m Also, fetching data from multiple timeframes may depend on your TradingView plan, so please keep that in mind. This indicator is free, but it took several hours to develop. If you’d like to buy me a coffee, it would be greatly appreciated ☕🙂 USDT TRC20: TKjUywMV1ahBTFK2s27gE2xeVk9f2GMqDo
Pine Script® indicator
by ralpuchev
3
Volume Momentum Div - [TCMaster]📘 Description Volume + Momentum (Instant Alert) is a dynamic indicator designed to detect potential market tops and bottoms in real time by combining momentum shifts with volume spikes. Unlike traditional oscillators that confirm signals only after candle close, this tool reacts instantly, providing early alerts during live market movements. ⚙️ How It Works Momentum Calculation: Measures the short-term price acceleration using the difference between the current price and the price n periods ago. Rising momentum indicates bullish strength, while falling momentum shows bearish pressure. Volume Spike Detection: Compares current volume to its moving average. When the current volume exceeds the average by a defined multiplier, it signals strong market participation — often appearing near market reversals. Signal Logic: Top Alert (🔻): Momentum turns negative while a volume spike occurs → potential short opportunity. Bottom Alert (🔺): Momentum turns positive while a volume spike occurs → potential long opportunity. 🎯 Features Real-time alerts (calc_on_every_tick=true) — signals trigger instantly during live candles. Multiple plot styles available: Line, Histogram, or Columns. Simple yet powerful logic suitable for scalping, intraday, and swing trading. Works across all markets (forex, crypto, stocks, commodities). 💡 How to Use Look for Volume Spikes — sudden increases in volume often mark exhaustion or breakout points. Check Momentum Direction — combine with volume to confirm reversals. Entry/Exit: Buy when a green triangle (🔺) appears below the bar. Sell when a red triangle (🔻) appears above the bar. Optional Filters: For improved accuracy, combine with RSI, Stochastic, or trend filters (e.g., EMA200).
Pine Script® indicator
by TCMaster
1
Ultra & CalculadoraThis proprietary, closed-source indicator is designed to provide traders with a distinct daily advantage by establishing and projecting critical support and resistance levels based on the market's initial reaction to the New York (NY) trading session open. It also features a fully integrated risk management utility. Detailed Methodology & Usefulness 1. NY Open Price Action Levels (Closed-Source Logic): This script generates dynamic Buy and Sell lines using a proprietary calculation based on the opening range of the New York trading session. Underlying Concept: The market’s reaction during the first hour of major session overlaps often sets the volatility and direction for the remainder of the day. Our methodology uses a dynamically defined "Opening Price Box" anchored to a specific time interval around the NY open. Level Projection: Instead of using standard pivot points or fixed percentages, the Buy and Sell lines are given by the High and Low points of the 30-minute candle before the market opens. Buy Line: Represents a calculated support level, suggesting an area for potential long entry or short-covering if held. Sell Line: Represents a calculated resistance level, suggesting an area for potential short entry or long profit-taking if rejected. Value to the Community: This method provides objective, session-specific price targets and boundaries, helping users move beyond purely discretionary range identification. 2. Integrated Risk Calculator: The indicator includes a transparent, functional utility to manage position size, addressing the requirement for usefulness and providing actionable utility to the user. Functionality: The calculator determines the optimal contract or share position size based on three user inputs: Total Capital, Percentage Risk per Trade, and Stop Loss Size (in Pips/Ticks). Formula: It utilizes the foundational risk formula: Position Size = (Capital * Risk %) / Stop Loss Value. This helps traders adhere strictly to their risk limits and prevents over-leveraging. Author's Instructions and UI Text Translation All User Interface (UI) elements are provided with their mandatory English translation first. Show_NY_Levels: Show NY Open Projected Levels (Boolean) NY_Open_Time: New York Session Open Time (Time/Session Input) Capital_Input: Total Trading Capital ($) Risk_Percent: Risk Percentage per Trade (%) Stop_Size: Stop Loss Size (Pips/Ticks/Points) Calculated_Size: Calculated Position Size (Contracts/Shares)
Pine Script® indicator
by Sabestiano