90 Minute Cycles90m cycles for 7:30-9, 9-10:30, 10:30-12
This indicator shows the 90 minute cycles for 7:30am-9am, 9am-10:30am and 10:30am-12pm New York time.
Candlestick analysis
Educational Inidicators - Ichimoku CloudThis indicator is part of the Indicator Educational Series, intended to help newer traders understand and interact with various indicators. The goal is to allow users to gain a stronger understanding of an indicator's underlying philosophy, and visually see how changes to an indicator's parameters affects the trades suggested by that indicator.
The scripts in this series are all open source, with the code broken up into logical section and notated so beginner users can also understand some PineScript fundamentals.
Please understand that no indicator presented in and of itself constitutes a complete trading strategy. Rather, this series is to help users determine which indicators make sense to them, and which ones to combine to create their own trading strategy. All material presented is purely for educational purposes.
Presented here is the Ichimoku Cloud.
The Ichimoku Cloud was developed by Goichi Hosada, and first published in the late 1960s. It is used by traders to understand price momentum, and help forecast future price movements.
The indicator at its core can be understood from four component parts:
The Conversion Line - An average of the highest and lowest price in a given window. Typically, this is a "fast" average, and as such, this line has the lowest period
The Base Line - An average of the highest and lowest price in a given window. This is a "slower" average than the Conversion Line, and as such should have a larger period than the Conversion Line
Leading Span A - The average of the Conversion Line and the Base Line
[*}Leading Span B - An average of the highest and lowest price in a given window. This is the "slowest" average of all three, and as such should have the largest period
When plotted, the Conversion Line (orange by default), Base Line (purple by default), Leading Span A (blue by default), and Leading Span B (red by defaults) are all drawn on the chart along with the price candles. The area between the Leading Span A and Leading Span B lines are also shaded depending on which of the two lines is greater: whenever Leading Span A is greater the area is shaded positively (blue by default), whenever Leading Span B is greater the area is shaded negatively (red by defaults).
One interesting feature of the Ichimoku Cloud is that it drawn a certain number of candles forward. What this means is that where the cloud is drawn on the chart is reflective of prices that have occurred a number of candles in the past. This is done intentionally to help traders see how the current price is moving in relation to historical price movements on the asset.
See below for how the indicators look in their default colors on the chart
These indicators can then be used to start analyzing the price movement, and making trade decisions.
The first inference we can make is the momentum of the price. Since the lines are drawn from averages of varying speeds, the shaded area between the Leading Span lines can tell us whether the momentum is bullish (up) or bearish (down).
Whenever Leading Span A, the faster of the two lines, is above Leading Span B, that means that price is moving upward faster than it typically has, ergo we are in Bullish Momentum. On the chart, this is indicated in two ways:
The area is shaded positively (blue by default)
A green upward triangle is added to the chart to indicate where the momentum first turned Bullish
Whenever Leading Span A is below Leading Span B, that means that price is moving downward faster than it typically has, ergo we are in Bearish Momentum. On the chart, this is indicated in two ways:
The area is shaded negatively (red by default)
A red downward triangle is added to the chart to indicate where the momentum first turned Bearish
The next inference we can make is possible trading points. When we're in a period of momentum, as determined above, we know that price is going up or down, depending on the momentum we're in. We can then use the Conversion Line, Base Line, and the Price itself to confirm a good trade price.
When the asset is in Bullish Momentum, and the Conversion Line, our fastest average, is above the Base Line, our mid speed average, we know that the price is coming up quickly in the short term. When the Base Line and current Price are also above the cloud, then we have triple confirmation that price is going up, and we should enter a Long position. On the chart, this point is indicated with a green flag.
When the asset is in Bearish Momentum, and the Conversion Line is below the Base Line, we know that the price is going down quickly in the short term. When the Base Line and current Price are also below the cloud, then we have triple confirmation that price is going down, and we should enter a Short position. On the chart, this point is indicated with a red flag.
The script presented here also allows users to customize the various parameters of the Ichimoku Cloud, and visually see how analysis is affected by these changes. This is designed to allow users to modify parameters as they see fit, within certain constraints, to find the best set for them. The lines, cloud, and chart indicators will all update automatically with the users' inputs.
LTF Candle Insights (Zeiierman)█ Overview
The LTF Candle Insights indicator allows traders to explore the finer details of the market by integrating lower time frame (LTF) data into their current chart, offering a more detailed and nuanced view of price movements. This comprehensive visual tool is crucial for traders who want to investigate complex market trends without the constant need to switch between different chart timeframes.
In essence, this indicator overlays the smaller details into the broader frame, enabling traders to grasp the fine points while examining the larger market picture.
█ How It Works
The LTF Candle Insights indicator easily puts LTF candles onto the current chart, allowing traders to see both the current timeframe and the chosen lower timeframe candles at the same time. This dual view helps traders see the main market trends and important price levels, helping them get a better understanding of the little details and complexities of the market.
█ How to Use
Trend Analysis
Traders can use this indicator to look closely at smaller market trends by comparing LTF candles with the candles of the current timeframe. Knowing the trends in LTF helps traders make trades that go along with the small market movements.
Support and Resistance Identification
By looking at the high, low, and middle levels of LTF candles, traders can find possible support and resistance areas. This detailed look helps traders pick the best times to enter or exit trades, set up stop-losses effectively, and manage risk carefully.
█ Settings
Lower Timeframe and Candle Amount
Users can determine the lower timeframe and the number of LTF candles they wish to observe on their current chart.
Range Lines
The high/low range of the illustrated candles and the optional mid-range line can be displayed, granting insights into significant price levels and ranges.
Table Display
A summary table can be displayed, outlining details of the current chart's timeframe and the chosen LTF, providing a succinct overview for traders.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Algos/Systems are only for educational purposes!
Extended Engulfing CandleExtended Engulfing Candle Pattern Indicator
This indicator advances the standard engulfing candle pattern, capturing more reliable trend reversal signals in the market. Traditional engulfing candle patterns often lead to premature judgments of trend reversals, but the Extended Engulfing Indicator considers consecutive rising or falling candles to pinpoint more conservative trend reversal points.
Features:
Detection of Consecutive Rising/Falling Candles:
This indicator detects the occurrence of consecutive rising or falling candles, considering them when identifying extended engulfing candles. This creates a more potent reversal signal compared to single candle patterns.
Visual Display:
“U” and “D” labels are displayed at the top and bottom of the chart, clearly showing users the rising and falling engulfing patterns.
It only displays a label once, until a pattern in the opposite direction is shown.
Enhanced Accuracy:
By using the information from consecutive candles, the indicator captures trend reversals more conservatively and accurately. This reduces the number of false signals compared to traditional engulfing candle patterns.
How to Use:
When a rising engulfing candle pattern is displayed, it signifies the start of a potential upward trend. Conversely, when a falling engulfing candle pattern appears, it implies the beginning of a potential downward trend.
Caution:
Trading solely with this indicator has its limitations; hence users should cautiously integrate it with their trading strategies. Not all rising and falling engulfing patterns signify trend reversals.
Conclusion:
The Extended Engulfing Candle Pattern Indicator assists in identifying more reliable trend reversal points compared to the traditional engulfing candle patterns. By identifying the high and low points of consecutive candles, it minimizes false signals and helps traders make more accurate judgments on market movements.
확장 장악형 캔들 패턴 인디케이터
이 인디케이터는 표준 장악형 캔들 패턴을 발전시켜, 마켓에서 더 확실한 트렌드 전환 시그널을 포착합니다. 기존의 장악형 캔들 패턴은 종종 너무 이른 트렌드 전환 판단을 내리지만, 확장 장악형 인디케이터는 연속적인 상승 혹은 하락 캔들을 고려하여 더 보수적인 트렌드 전환점을 포착합니다.
특징:
연속 상승/하락 캔들 감지:
이 인디케이터는 연속적인 상승 또는 하락 캔들의 발생을 감지하여, 확장 장악형 캔들이 나타날 때 이를 고려합니다.
이는 단일 캔들 패턴보다 더 강력한 전환 시그널을 생성합니다.
시각적 표시:
차트의 상단과 하단에 “U”와 “D” 라벨을 표시하여, 사용자에게 상승 장악형 및 하락 장악형 패턴을 명확하게 보여줍니다.
반대 방향의 패턴이 나타날 때까지 라벨은 한 번만 표시됩니다.
개선된 정확도:
연속적인 캔들의 정보를 사용함으로써, 트렌드의 전환을 보다 보수적이고 정확하게 포착합니다.
이로 인해 기존의 장악형 캔들 패턴 대비 거짓 신호의 수가 줄어듭니다.
사용 방법:
상승 장악형 캔들 패턴이 표시되면, 이는 잠재적인 상승 트렌드의 시작을 나타냅니다.
반대로, 하락 장악형 캔들 패턴이 나타나면, 이는 잠재적인 하락 트렌드의 시작을 의미합니다.
주의사항:
이 지표만을 이용한 트레이딩에는 한계가 있을 수 있으므로 사용자는 본인의 트레이딩 전략과 결합하여 조심스럽게 사용해야 합니다. 모든 상승, 하락 장악형 패턴이 트렌드의 전환을 의미하지 않습니다.
결론:
확장 장악형 캔들 패턴 인디케이터는 기존의 장악형 캔들 패턴보다 더욱 신뢰할 수 있는 트렌드 전환 포인트를 식별할 수 있게 도와줍니다. 연속적인 캔들의 고점 및 저점을 식별함으로써 거짓 신호를 최소화하고, 트레이더들이 마켓의 움직임에 대해 보다 정확한 판단을 내릴 수 있게 합니다.
Barbwire [yohtza]This is an indicator that helps price action traders in determining when the market is in tight trading range.
Barbwire rules
The conditions for tight trading range are very simple. There has to be at least one doji (body is less than half size of the bars range from high to low) bar in the last three bars and there has to be lots of overlap between those bars. To quantify overlap indicator looks for bars that pull back 50% or more of the previous bars range and current bars that have 50% level touching the previous bar.
How to use this indicator?
For most traders it is best to avoid barbwire, only skilled and experienced traders who understand limit order trading can keep trading in these market conditions and still make money. So in simple terms it is a no trade zone and waiting for market to start trending again is most beneficial and greatly improves odds of achieving profitability and better trading results.
The term barbwire can be found in the books of Dr. Al Brooks which were the inspiration for creation of this indicator and are a great read for aspiring price action traders.
Interval Vertical Line DrawerIntroduction
The Interval Vertical Line Drawer is an indicator that assists traders in visualizing specific intervals on the chart. This script enables traders to conduct more accurate analyses across various time frames.
How It Works
This script operates by drawing vertical lines at intervals defined by the user. Users can select the interval for the vertical lines in minutes, and the script automatically places vertical lines at each interval on the chart. For instance, if a 15-minute interval is selected, vertical lines will appear at the start and end times of every 15-minute candle on the chart.
Additionally, this script includes a feature that allows drawing horizontal lines representing the open price of the candles at each vertical line. This is crucial for traders observing price action around specific times and evaluating market conditions at regular intervals.
This script is operative across diverse time frames and can be adjusted to fit various trading styles and analyses. It is efficient, user-friendly, and adaptable to the diverse needs of traders.
The open price of a candle often serves as a support or resistance, and there is a high possibility of significant movement occurring when these S/R levels are breached.
How to Use
VLInterval: Users can input the interval for the vertical lines in minutes and select from 5, 15, 30, 60, 120, 240, 1440.
visibleTimeframe: Users can select the desired time frame where the vertical lines will be visible.
Color and Style: Users can freely modify the color and style of the lines.
Apply the indicator to the chart.
Select the desired interval for the vertical lines.
Adjust the visibility and style of the lines as needed.
By adhering to these steps, traders can effectively incorporate this tool into their analysis, maximizing the utility of interval-based evaluations and observations.
소개
간격 수직 선 그리기 도구는 트레이더가 차트에서 특정 간격을 시각화할 수 있도록 도와주는 지표입니다. 이 스크립트는 트레이더들이 다양한 시간 프레임에서 더 정확한 분석을 수행할 수 있게 해줍니다.
작동 원리
이 스크립트는 사용자가 정의한 간격에서 수직선을 그리는 방식으로 작동합니다. 사용자는 분 단위로 수직선 간격을 선택할 수 있고, 스크립트는 자동으로 차트의 각 간격에 수직선을 배치합니다. 예를 들어, 15분 간격이 선택되면, 차트에는 15분봉의 시작, 종료 시간마다 수직선이 나타납니다.
더불어, 이 스크립트는 각 수직선에서의 캔들의 시가를 나타내는 수평선을 그릴 수 있는 기능도 포함하고 있습니다. 이는 트레이더가 특정 시간 주변의 가격 행동을 관찰하고 정기적인 간격으로 시장 상황을 평가하는데 중요합니다.
이 스크립트는 다양한 시간 프레임에서 작동하며, 다양한 거래 스타일과 분석에 맞게 조정할 수 있습니다. 이는 효율적이고 사용자 친화적이며, 트레이더의 다양한 필요에 적응할 수 있습니다.
캔들의 시작가는 종종 지지 또는 저항의 역할을 하며, S/R이 깨질 때 큰 움직임이 일어날 가능성이 높습니다.
사용 방법
VLInterval: 사용자는 분 단위로 수직선 간격을 입력할 수 있으며, 5, 15, 30, 60, 120, 240, 1440 중에서 선택할 수 있습니다.
visibleTimeframe: 사용자는 수직선이 보이게 될 원하는 시간 프레임을 선택할 수 있습니다.
색상과 스타일: 사용자는 선의 색상과 스타일을 자유롭게 수정할 수 있습니다.
지표를 차트에 적용합니다.
수직선의 원하는 간격을 선택합니다.
선의 가시성과 스타일을 필요에 맞게 조정합니다.
[Holy] Candle BlocksThis experimental indicator overlays candles from higher timeframes directly onto your current chart. The concept of Candle Blocks aims to offer an intuitive way to view price action across multiple periods simultaneously.
FEATURES
Multiple Timeframe Support: Choose from various timeframes to overlay, such as hourly, daily, weekly, etc.
Customizable Opacity: Adjust the transparency of the overlay to ensure the primary chart remains visible.
Color Coding: The overlay uses distinct colors to indicate bullish and bearish candles from the higher timeframe.
Real-time Update: The overlay updates in real-time as new higher timeframe candles are formed.
USE CASES
Trend Confirmation: Validate the trend direction of your primary timeframe by examining higher timeframe Candle Blocks.
Support & Resistance: Identify key support and resistance levels more clearly by seeing them on multiple timeframes.
Fourth-Dimensional Decision Making: This indicator aims to move towards a 4th-dimensional trading perspective, where time is considered as a vector. This helps traders to always make decisions with multiple timeframes in mind.
EXPERIMENTAL
This indicator is in its experimental stage, and future updates will be made based on its effectiveness and the feedback received. If you find this concept useful or have suggestions for improvement, please provide feedback. This will aid in further development and refinement of the indicator.
Fibonacci HH LL TRAMA BandLuxAlgo's Trend Moving Adaptive Moving Average was used as a reference to create bands by reading the highest and lowest prices of past bars based on Fibonacci numbers and then multiplying them by the Fibonacci ratio.
LuxAlgo/ LuxAlgo/
In particular, the so-called TRAMA is characterized by its adaptation to the average of the highest and lowest prices over a specific period of time and is used to identify support/resistance.
In order to apply this feature to the maximum extent possible, I used the high or low prices as the source of input, rather than the closing price.
For example,
src = high
not original like
src = close
In addition, I created 6 levels by multiplying the Fibonacci ratio
//Midline
mah = ama1
mal = ama2
m = (mah + mal)/2
//Half Mean Range
dist = (mah - mal)/2
//Levels
h6 = m + dist * 11.089
h5 = m + dist * 6.857
h4 = m + dist * 4.235
h3 = m + dist * 2.618
h2 = m + dist * 1.618
h1 = m + dist * 0.618
l1 = m - dist * 0.618
l2 = m - dist * 1.618
l3 = m - dist * 2.618
l4 = m - dist * 4.235
l5 = m - dist * 6.857
l6 = m - dist * 11.089
If you want to use it for scalping, such as 15 minutes, you can include Fibonacci numbers such as 21,34,55 for a quick reaction type to detect the trend. Also, by including Fibonacci numbers such as 89,144,233, you can see where you stand in the larger trend. Some examples are included below.
For Investors
BTCUSDT 1day Chart Fibonacci number "55"
For Daytraders
BTCUSDT 4hour Chart Fibonacci number "34"
For Scalpers
BTCUSDT 15min Chart Fibonacci number "55"
BTCUSDT 15min Chart Fibonacci number "89"
BTCUSDT 15min Chart Fibonacci number "233"
Fibonacci numbers are 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, etc.,
Fibonacci ratios are 0.618, 1.618, 2.618, 4.236, 6.854, 11.089, etc.,
Trendy Bars CounterTrendy Bars Counter indicates the number of bars in trend.
Green: If trend is up
Red: If trend is down
Gray: If there is no trend
Minimum Number Of Trendy Bars: if trendy bars count is greater than this value trendy bars count will be plotted
Find Highest, Lowest, and 50% Value BarsThe Time Range Max Min Indicator is a powerful tool designed to analyze price data within a specific time frame.
This indicator allows traders and analysts to identify the maximum and minimum price levels that occurred during a user-defined time range.
It provides valuable insights into price volatility and helps traders make informed decisions by pinpointing key support and resistance levels.
The Time Range Max Min Indicator also calculates the midpoint or 50% level within the selected time frame, aiding in trend analysis and potential reversal points.
Its user-friendly interface makes it easy to customize time intervals, ensuring flexibility in your analysis.
This indicator is indispensable for day traders, swing traders, and investors looking to optimize their entry and exit strategies.
By visualizing the price extremes and central tendency, it enhances overall market awareness and risk management.
Utilize this tool in conjunction with other technical indicators to fine-tune your trading strategies.
With its real-time updating capabilities, it provides dynamic insights into changing market conditions.
Whether you're a novice or an experienced trader, the Time Range Max Min Indicator is an essential addition to your technical analysis toolkit, helping you navigate the markets with precision.
Range Breakout Signals (Intrabar) [LuxAlgo]The Range Breakout Signals (Intrabar) is a novel indicator highlighting trending/ranging intrabar candles and providing signals when the price breaks the extremities of a ranging intrabar candles.
🔶 USAGE
The indicator highlights candles with trending intrabar prices, with uptrending candles being highlighted in green, and down-trending candles being highlighted in red.
This highlighting is affected by the selected intrabar timeframe, with a lower timeframe returning a more precise estimation of a candle trending/ranging state.
When a candle intrabar prices are ranging the body of the candle is hidden from the chart, and one upper & lower extremities are displayed, the upper extremity is equal to the candle high and the lower extremity to the candle low. Price breaking one of these extremities generates a signal.
The indicator comes with two modes, "Trend Following" and "Reversal", these modes determine the extremities that need to be broken in order to return a signal. The "Trend Following" mode as its name suggests will provide trend-following signals, while "Reversal" will aim at providing early signals suggesting a potential reversal.
🔶 DETAILS
To determine if intrabar prices are trending or ranging we calculate the r-squared of the intrabar data, if the r-squared is above 0.5 it would suggest that lower time frame prices are trending, else ranging.
This approach allows almost obtaining a "settings" free indicator, which is uncommon. The intrabar timeframe setting only controls the intrabar precision, with a timeframe significantly lower than the chart timeframe returning more intrabar data as a result, this however might not necessarily affect the displayed information by the indicator.
🔶 SETTINGS
Intrabar Timeframe: Timeframe used to retrieve the intrabar data within a chart candle. Must be lower than the user chart timeframe.
Auto: Select the intrabar timeframe automatically. This setting is more adapted to intraday charts.
Mode: Signal generation mode.
Filter Out Successive Signals: Allows removing successive signals of the same type, returning a more easily readable chart.
Extended Hour CandleThe Extended Hour Candle shows extended hour candle formations on the Daily chart. This indicator can be useful for those who want to analyse price movements during extended trading sessions without switching to intraday charts with "Extended trading hours" enabled.
How to Use:
Add the Extended Hour Candle indicator to a TradingView chart.
Adjust the color settings according to personal preferences, using the options to set the desired colors for up and down candles.
See the Candle during extended trading hours on the Daily chart
HTF Fair Value Gap [LuxAlgo]The HTF Fair Value Gap indicator aims to display the exact time/price locations of fair value gaps within a higher user-selected chart timeframe.
🔶 USAGE
The indicator can be used to detect higher time frame fair value gaps. Detected historical HTF FVG are displayed as changes in chart background colors, with a green color indicating a bullish FVG and red a bearish FVG.
The most recent HTF FVG is displayed as a candle to the right of the most recent price candle. Dashed lines indicate the exact location of the FVG upper and lower extremities.
The wicks of the FVG candle indicate the price deviation from the FVG extremities after its formation and can help determine where the FVG is located within a trend.
A "Status" dashboard is included to indicate if the FVG is mitigated or not. This is also indicated by the border of the FVG candle, with a solid border indicating an unmitigated FVG.
🔶 SETTINGS
Timeframe: Chart timeframe used to retrieve the fair value gaps
🔹 Style
Offset: Offset to the right (in bars) of the FVG candle from the most recent bar.
Width: Width (in bars) of the FVG candle.
🔹 Dashboard
Show Dashboard: Determine whether to display the dashboard or not.
Location: Location of the dashboard on the chart.
Size: Size of the dashboard on the chart.
HTF Candle Insights (Expo)█ Overview
The HTF Candle Insights indicator helps traders see what's happening in larger time frames (HTF) while they're looking at smaller ones. This tool lets traders get a complete picture of market trends and price movements, helping them make smarter trading choices. It's really useful for traders who want to understand the main market trends without constantly switching between different chart timeframes.
In simpler terms , this indicator brings the big picture into the smaller frame, so traders don't miss out on what's important while focusing on the details.
█ How It Works
The indicator plots HTF candles on the existing chart, allowing users to view them concurrently with the candles of the current timeframe. This dual visual representation helps in discerning the prevalent market trends and significant price levels from both the current and higher timeframes.
█ How to Use
Trend Analysis
Traders can leverage this indicator to analyze overall market trends by observing HTF candles alongside the current timeframe candles. Recognizing HTF trends aids in aligning trades with the dominant market movement, potentially increasing the probability of successful trades.
Support and Resistance Identification
By viewing the high, low, and mid-levels of HTF candles, traders can identify potential support and resistance zones, enabling them to establish strategic entry and exit points, place stop-losses effectively, and manage risk proficiently.
█ Settings
Timeframe and Candle Amount:
Users can specify the higher timeframe and the number of HTF candles they wish to visualize on their current chart.
Visual Adjustments:
Traders can customize the color schemes for upward and downward candles and their wicks, and adjust the visibility and colors of the range lines, allowing for a tailored visual experience.
Range Lines:
Users have the option to display the high/low range of the displayed candles, and, if preferred, the mid-range line, enabling them to gain insights into significant price levels and ranges.
Table Display:
The indicator offers the ability to display a table, which provides an overview of the current chart's timeframe and the specified HTF.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Algos/Systems are only for educational purposes!
Engulfings/DojiDescription of the Indicator:
The "Engulfings/Doji" indicator, is designed to assist traders in identifying significant candlestick patterns on price charts. This indicator focuses on two primary candlestick patterns: Bullish Engulfing and Bearish Engulfing, as well as the Doji pattern. It provides valuable insights into potential price reversals or continuations. Here's how it works and how to use it:
Concepts Underlying the Calculations:
Bullish Engulfing and Bearish Engulfing Patterns: Bullish Engulfing patterns occur when a candle's open and close prices are lower than the previous candle's open and close, and the current candle completely engulfs the previous one. Bearish Engulfing patterns are the opposite, with the current candle's open and close prices higher than the previous candle's open and close, completely engulfing it.
Doji Pattern: The indicator also detects Doji candles. A Doji is characterized by a small or nearly non-existent body, indicating uncertainty or market indecision.
Time Filtering (Sig_Time): The indicator applies time-based filters to consider these patterns only during specific trading sessions or hours. This helps traders focus on more relevant signals during active market times.
Higher Timeframe (HTF) Engulfing Patterns: Additionally, the indicator can display HTF (Higher Timeframe) Engulfing patterns on the current chart, allowing traders to identify stronger signals occurring on higher timeframes.
How to Use the Indicator:
The indicator identifies and visually represents Bullish Engulfing, Bearish Engulfing, and Doji patterns on the price chart.
The colors of these patterns can be customized based on their significance and the time of occurrence.
Traders can set a maximum allowable body size for Doji patterns using the "Doji's Max Body size" input.
The "Show HTF Engulfings" input allows traders to display HTF Engulfing patterns on the chart.
Traders can choose not to display Doji patterns on the 1-minute (M1) timeframe by enabling the "Don't display Doji on M1" option.
Candlestick patterns and Doji signals are displayed with appropriate symbols and colors to help traders identify potential trading opportunities.
The time-based filtering enhances the relevance of the signals presented by the indicator.
Price Variation Percent (PVP)This indicator shows the percentage of price variation, depending on the length of bars that the user chooses.
At a glance you can see if the price jumps in volatility and how often it does so. Very useful for scalping.
The upper and lower bands are limits of price variation in percentage, therefore when there is a crossing above or below you can immediately see how volatile the asset is and between what percentages of change it is moving.
DP_52W_HIGH_LOW_INDICATORThis indicator tracks the 52W High and Low of any script and provides a visual interpretation of the stock price movement.
It can be used as a quick tracking indicator for trading stocks / ETFs at their 52W Low.
A typical strategy will include buying such stocks at 52W Low and selling at 52W High.
Candle Averages (Jonzi/Galaxy) with AlertsThis indicator is used to highlight outlying candles.
Our script takes the average of the trailing candles and then highlights and/or places a symbol at the candles outside the average.
Example: Your settings use the previous 20 candles and combine the range of each candle.
Divide by 20 and get the average. Let's assume the average is $10
Now if you have your settings at highlighting candles 50% larger than the average, once a candle gets to $15, the indicator would trigger the candle to be highlighted and/or place a symbol of your choice.
In case you don't want to pay attention to the consolidation, you can use the alerts feature. Just go on the timeframe you'd like to be notified on, set an alert for either a down close or up close trigger.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
Custom Arrow IndicatorBuy and sell signals based on activity. If current candle is at least 3 times previous candle you will get an buy or sell signal depending on bearish or bullish candle. other filters are in place such as signal candle must close/above previous candle. top wick of bullish candle must not be more than 3% of body range and vice versa for bearish candle.
Bollinger Bands & Fibonacci StrategyThe Bollinger Bands & Fibonacci Strategy is a powerful technical analysis trading strategy designed to identify potential entry and exit points in financial markets. This strategy combines two widely used indicators, Bollinger Bands and Fibonacci retracement levels, to assist traders in making informed trading decisions.
Key Features:
Bollinger Bands: This strategy utilizes Bollinger Bands, a volatility-based indicator that consists of an upper band, a lower band, and a middle (basis) line. Bollinger Bands help traders visualize price volatility and potential reversal points.
Fibonacci Retracement Levels: Fibonacci retracement levels are essential tools for identifying potential support and resistance levels in price charts. This strategy incorporates Fibonacci retracement levels, including the 0% and 100% levels, to aid in pinpointing key price levels.
Long and Short Signals: The strategy generates long (buy) and short (sell) signals based on specific conditions derived from Bollinger Bands and Fibonacci levels. Long signals are generated when price crosses above the upper Bollinger Band and when the price is above the Fibonacci low level. Short signals are generated when price crosses below the lower Bollinger Band and when the price is below the Fibonacci high level.
Position Management: To prevent multiple concurrent positions of the same type (long or short), the strategy employs position management logic. It tracks open positions and ensures that only one position type is active at a time.
Exit Conditions: The strategy includes customizable exit conditions to manage and close open positions. Traders can fine-tune exit criteria to align with their risk management and profit-taking strategies.
User-Friendly: This strategy script is user-friendly and can be easily integrated into the TradingView platform, allowing traders to apply it to various financial instruments and timeframes.
Usage:
Traders and investors can apply the Bollinger Bands & Fibonacci Strategy to a wide range of financial markets, including stocks, forex, commodities, and cryptocurrencies. It can be adapted to different timeframes to suit various trading styles, from day trading to swing trading.
Disclaimer:
Trading carries inherent risks, and this strategy is no exception. It is essential to use proper risk management techniques, including stop-loss orders, and thoroughly backtest the strategy on historical data before implementing it in live trading.
The Bollinger Bands & Fibonacci Strategy is a valuable tool for technical traders seeking well-defined entry and exit points based on robust indicators. It can serve as a foundation for traders to build and customize their trading strategies according to their individual preferences and risk tolerance.
Feel free to customize this description to add any additional details or specifications unique to your strategy. When publishing your strategy on a trading platform like TradingView, a clear and informative description can help potential users understand and use your strategy effectively.
Encapsulation BoxThe “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail:
Detecting contraction: The indicator looks for situations where the price range of the candles is very narrow, i.e. when subsequent candles have highs and lows that are contained within the range of a previous candle. This condition indicates a contraction in the market before a possible directional move.
When a contraction is detected, the indicator draws a rectangle around the area where the highs and lows of the candles are embedded. The rectangle has its upper vertex corresponding to the maximum of the candles involved and its lower vertex corresponding to the minimum. The width of the rectangle is defined by can be customized by the user.
A key feature of this indicator is the horizontal line drawn outside the rectangle. This line is positioned in the middle of the rectangle and represents 50% of the range of the rectangle itself. This line acts as a significant support or resistance level depending on the direction the contraction breaks.
The indicator can generate buy or sell signals when a break in the rectangle or horizontal line occurs. For example, if the price breaks above the rectangle and the horizontal line, it could generate a buy signal, indicating a possible uptrend. Conversely, if the price breaks below the rectangle and the horizontal line, it could generate a sell signal, indicating a possible downtrend.
