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Candlestick analysis

Multi-Timeframe Trading SystemIntegrating Multi-Timeframe Trading Analysis: A Comprehensive Approach to Market Structure and Trend Identification In the dynamic landscape of financial markets, traders continually seek robust analytical frameworks that can synthesize diverse market signals into a coherent decision-support system. This script represents a deliberate integration of several established technical analysis concepts, designed to provide a multi-perspective view of market conditions. The rationale for this integration stems from the recognition that no single indicator provides a complete picture; rather, a confluence of signals from different analytical dimensions can enhance the probability of identifying high-quality trading opportunities. The core design principle of this script is the synthesis of trend analysis, momentum assessment, and market structure identification across multiple timeframes. This multi-layered approach is grounded in the widely accepted market axiom that higher timeframes exert gravitational pull on lower timeframes, and that the alignment of signals across temporal scales often precedes significant price movements. Functional Components and Their Synergistic Operation The script operates through several interconnected modules that work in concert: Multi-Timeframe Trend Analysis Dashboard: At the heart of the system is a comparative trend analysis across six distinct timeframes (3-minute to daily). This is achieved using Exponential Moving Average (EMA) crossovers—a proven trend-following mechanism. The dashboard provides instantaneous visual feedback about trend alignment or divergence across timeframes, allowing traders to gauge the strength and consistency of prevailing market trends. When multiple timeframes exhibit congruent trend directions, it suggests a higher-conviction trading environment. EMA-Based Trend Filtering: The script employs dual EMA periods (55 and 200) as its primary trend filter. The relationship between these moving averages serves as the foundation for all subsequent analysis, coloring price bars according to the dominant trend direction. This visual cue helps traders maintain perspective on the broader market context, preventing counter-trend entries during strong trending phases. Momentum Assessment via RSI: The Relative Strength Index (RSI) operates as a complementary momentum oscillator. While the EMA system identifies trend direction, the RSI helps assess whether price movement within that trend is approaching overextended conditions. The script monitors RSI levels for traditional overbought and oversold thresholds, providing alerts when these conditions emerge. Market Structure Analysis through Swing Points and Fractals: The automated detection of swing highs and lows forms the basis for understanding market structure. These pivot points are essential for identifying potential support/resistance zones and charting the sequence of higher highs/lows or lower highs/lows that characterize trending versus ranging markets. The fractal detection system further refines this structural analysis by identifying minor reversal points within the broader swing structure. Fair Value Gap (FVG) Identification: The script automatically detects price voids or "gaps" that often act as magnetic attractors for future price action. These FVGs represent areas of inefficient price discovery where liquidity tends to cluster, making them significant for both trade entry and risk management decisions. Automated Trendline Construction: By connecting successive swing points, the script dynamically draws trendlines that visualize the prevailing market trajectory. These trendlines serve as dynamic support/resistance levels that adapt to changing market conditions. Practical Application and Usage Guidelines Traders can utilize this integrated system in several practical ways: Trend Confirmation: Before entering any position, check the multi-timeframe dashboard for trend alignment. Convergent trends across multiple timeframes generally offer higher-probability trading environments. Entry Timing: Use RSI extremes in conjunction with trend direction. For instance, in an established uptrend (confirmed by EMA alignment), an RSI reading dipping into oversold territory may present a favorable long entry opportunity. Structural Analysis: Monitor the sequence of swing points to identify potential breakouts or breakdowns in market structure. A break of a significant swing point often signals acceleration in the prevailing trend. Fair Value Gap Trading: Watch for price returns to previously identified FVGs, as these zones frequently provide favorable risk-reward entry points with logical stop-loss placement beyond the gap boundaries. Dynamic Support/Resistance: Utilize the automatically drawn trendlines as dynamic levels for trade management, including entry, stop-loss placement, and profit-taking. Originality and Distinctive Features While individual components of this system are derived from established technical analysis principles, the original contribution lies in their specific integration and visualization methodology. The script provides: A unified visual framework that reduces analytical clutter while maintaining comprehensive market assessment Real-time multi-timeframe analysis without requiring constant chart switching Automated structural analysis that eliminates subjective trendline drawing A balanced approach that respects both trend-following and mean-reversion principles Customizable parameters that allow adaptation to different trading instruments and timeframes Important Considerations Users should understand that this tool is designed as a decision-support system, not an automated trading solution. All trading decisions should incorporate additional factors including fundamental analysis, market context, and appropriate risk management. The color-coded bar system and dashboard indicators are intended to streamline analysis, but they cannot guarantee specific market outcomes. Traders are encouraged to test this system in simulated environments before applying it to live markets and to adapt its parameters to align with their individual trading styles and risk tolerances. The script's value proposition lies in its ability to synthesize multiple analytical perspectives into a cohesive visual interface, potentially reducing cognitive load while maintaining analytical rigor—a balance that many traders find challenging to achieve manually across multiple charts and timeframes.
Pine Script® indicator
by neeson1987
ICT ORG with EightsICT ORG with Eights What It Does Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles. Gap Levels: 0.000 (Low) | 0.125 | 0.250 | 0.375 | 0.500 (Mid) | 0.625 | 0.750 | 0.875 | 1.000 (High) Key Features Visual gap box between previous close and current open 6 additional levels beyond standard quartiles (0.125, 0.375, 0.625, 0.875) Customizable labels with dates for each level Auto SPY detection (adjusts close time to 4:00pm) Historical gaps - show 1-10 previous days Extend right - project levels forward with buffer bars Quick Setup Best on 5min charts or lower Start with 1-2 historical boxes for clean charts Toggle eighth lines on/off as needed Use labels to track which gap/date you're looking at Use Cases Gap fill trading - precise entry/exit at eighth levels S/R levels - eighths often act as support/resistance Profit targets - use 0.125/0.875 for extreme reversals, 0.375/0.625 for partial fills Settings Time offsets for international indices No plot session to pause drawing during specific hours Full customization of colors, styles, widths, labels Why Eighths? More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.
Pine Script® indicator
by mnakatenus
Trapped Traders EBPThe Trapped Traders Indicator is used to predict overall Market bias, with green being longs, and red being shorts. The autofibs are 0%,25%,50%,and 100%. After an autofib and directional bias is generated, you'll want to look for an entry on a lower time frame somewhere between the 25% and 50% ideally. A simple trading plan: Use the indicator on the 4 Hour chart. Wait until you get an autofib. Zoom down to the 5 minute chart and wait for price to reach the 25% retracement. Look for an entry using an entry model of your choice. For example: an engulfing 5 minute bar in the direction of your bias, an order block, fair value gap, or choch in your favor. This method of trading was introduced to me by Omar Agag. Cheers to prosperity, brother! Good luck! And happy trading!
Pine Script® indicator
by reactivetrading
Double Top/Bottom Auto Highlighter - Gate SymbolsAutomatically spots classic reversal patterns with intuitive gate symbols: • Double Bottom (bullish W-shape) → 🚪🔓 (gate open – opportunity unlocked) • Double Top (bearish M-shape) → 🚪🔒 (gate closed – resistance holding) Features: • Pivot-based detection with adjustable lookback & tolerance • Subtle background highlights (green/red) when pattern forms • Toggleable gate symbols – clean and meaningful • Very lightweight – no clutter, perfect for gold, silver, futures How to use: - 🚪🔓 after a sell-off → potential long/bounce setup - 🚪🔒 after a rally → potential short/resistance play - Combine with volume spikes or your WC Cross Clouds for stronger signals Tweak pivot length (5–10) and tolerance (0.3–0.8%) to match your timeframe. Open source – feel free to use, modify or expand! dove– Chesapeake, VA
Pine Script® indicator
by dovetIlflenkydove
Double Top/Bottom Auto Highlighter - FixedThis lightweight indicator automatically detects and highlights classic reversal patterns on your chart: • Double Bottom (W-shape) → Green background + "DB" label (potential bullish reversal) • Double Top (M-shape) → Red background + "DT" label (potential bearish reversal) Features: • Pivot-based detection (adjustable lookback for reliability) • Price tolerance % (allows for small differences in highs/lows) • Optional volume spike filter (only show patterns after climactic moves) • Subtle visuals: Toggleable background highlights, labels, and dashed neckline • Built-in alerts for pattern detection + neckline breakouts (great for gold/silver setups!) • Clean & minimal — no clutter, works on any timeframe/symbol How to use: - Green "DB" after a sell-off → Watch for bounce/long opportunity (like your recent gold double bottoms) - Red "DT" after a rally → Potential short or exit longs - Combine with your other indicators (e.g., WC Cross Clouds for regime confirmation) Tweak pivot length (5–10 recommended) and tolerance (0.3–0.8%) in settings to fit your style. Feel free to use, modify, fork, or expand this script however you want! Released under open license. Happy trading! Dove– Chesapeake, VA
Pine Script® indicator
by dovetIlflenkydove
RSI Level Candles [fmb]RSI Level Candles What it is RSI Level Candles is a minimal, high-signal overlay that keeps your attention on price. It paints candles by RSI regime and adds tiny edge dots to highlight extreme momentum. The design goal is speed and clarity with no clutter. Why it was built Most RSI tools sit in a separate pane and introduce noise with extra lines, labels, and overlapping thresholds. This indicator moves the information onto price itself. You see regime directly on the candles and only the most important alerts when RSI is in extreme territory. What it does Candles change color according to RSI. Above the neutral high (default 60) they turn green. At the high extreme (default 70, or 80 if you prefer) they turn lime. Between 40 and 60 you may show a soft yellow neutral band or leave candles unpainted. Below the neutral low (default 40) candles turn red, and at or below the low extreme (default 30, or 20 if you prefer) they turn maroon. The indicator also prints small dots at the top and bottom of the pane to spotlight extremes. A green dot appears at the top on any bar with RSI at or above the high extreme. A red dot appears at the bottom on any bar with RSI at or below the low extreme. How this helps You get an instant read on momentum regime without leaving the price chart. Extremes are easy to spot which helps manage chase or exhaustion risk. The neutral band behavior helps distinguish trend days from range days and supports cleaner add or trim decisions within an existing trend. Best practices Treat 60 and 40 as momentum gates. Above 60 favors a long bias and additive entries on pullbacks. Below 40 favors a defensive posture on longs or a short bias. Use extremes for management rather than automatic reversal calls. In strong trends RSI can remain extreme for extended periods. Look for a change in market structure or a clear reclaim of 60 or 40 before shifting bias. Combine this overlay with simple structure and trend filters such as support and resistance, a 20 or 50 period moving average, and volume or volatility context. Inputs You can set RSI source and length, choose neutral low and high, and choose extreme low and high. The neutral band can be shown in soft yellow between 40 and 60 or turned off entirely. You can also toggle candle painting on or off if you only want the extreme dots. Reading the colors Lime indicates the extreme bullish zone. Green indicates bullish momentum. Yellow indicates the optional neutral band. Red indicates bearish momentum. Maroon indicates the extreme bearish zone. A small green dot at the top means the bar is in the high extreme. A small red dot at the bottom means the bar is in the low extreme. Use cases For trend following, stay aligned with the prevailing regime while avoiding overreactions to small fluctuations. For swing entries, buy pullbacks while RSI holds above 40 in uptrends, and fade bounces that stall under 60 in downtrends. For risk control, trim strength that pushes into extremes and stalls, then re-add on momentum reclaims. Limitations RSI measures momentum, not direction by itself. Do not use it in isolation. Extremes can persist during strong trends, so wait for structure or momentum re-tests before changing bias. Very illiquid symbols can create noisy signals. Notes Dots are designed to appear on every bar that sits inside the extreme zones. If you prefer single entry dots, change the logic to look for crosses rather than conditions. There is no separate RSI pane, no text labels, and no cross markers. The objective is simplicity and speed.
Pine Script® indicator
by Fullymobile
Educational Trend Direction (Up & Down)🔍 Overview This indicator is designed to visually represent trend direction and trend transitions using a simple moving-average relationship. It is built strictly for educational and analytical purposes, allowing users to observe how price behaves during upward and downward market phases without relying on trading signals or predictions. The indicator focuses on trend context, not trade execution. ⚙️ How the Indicator Works The script calculates two exponential moving averages: A fast trend line that reacts quickly to recent price changes A slow trend line that represents broader market direction Trend direction is determined by the relative position of these two lines. When the fast line moves above the slow line, the market is considered to be in an upward trend phase When the fast line moves below the slow line, the market is considered to be in a downward trend phase This relationship helps visualize trend shifts and momentum changes in a simple and intuitive way. 🎨 Visual Components Explained 🟢 Green Trend Line Represents the fast moving average during upward trend phases Indicates that price is maintaining strength relative to the broader trend Color reflects trend direction only, not confirmation or entry 🔴 Red Trend Line Represents the fast moving average during downward trend phases Indicates sustained weakness relative to the broader trend Color does not imply selling or future continuation ⚪ Grey Trend Line Represents the slow moving average Acts as a baseline trend reference Helps distinguish between short-term fluctuations and broader direction 🎨 Background Shading Light green shading appears during upward trend environments Light red shading appears during downward trend environments Background color provides context only and does not signal market actions 🎯 Purpose & Benefits Helps identify trend phases in a clear and minimal way Improves understanding of trend transitions and momentum shifts Reduces visual noise compared to raw price data Encourages context-based analysis instead of signal dependency Suitable for all markets and timeframes ⚠️ Important Notes This indicator does not generate buy or sell signals No targets, stop levels, or performance metrics are included Trend conditions are descriptive, not predictive Past behavior does not guarantee future outcomes Users should always apply their own analysis and risk management when interpreting market data. 📚 Intended Use This tool is intended for: Market trend study Educational demonstrations Visual analysis of trend direction Long-term chart structure awareness It is not intended for automated trading or decision-making.
Pine Script® indicator
by Mentor_Michael03
Educational Market Structure & Trend Context🔍 Overview This time-limited indicator is designed for educational and analytical purposes only. It helps users visually study price structure behavior and trend context by marking key structural points on the chart and overlaying a trend reference line. The indicator does not generate trading signals, predictions, or recommendations. ⚙️ How the Indicator Works The script analyzes price action over a user-defined lookback period to identify local structural points: Higher Highs within the selected range Lower Lows within the selected range These points are plotted as simple visual markers to help users understand how price is evolving over time. In addition, a moving average is applied to provide broader trend context. 🟢 Green Markers (Structure Strength) Appear when price forms a local higher high within the lookback window Represent relative strength in price structure They are not buy signals and do not indicate future movement 🔴 Red Markers (Structure Weakness) Appear when price forms a local lower low within the lookback window Represent relative weakness in price structure They are not sell signals and do not indicate reversals ➖ Grey Line (Trend Context Line) This line is a moving average calculated over a fixed period It provides trend context only, helping users visually distinguish between upward and downward environments It does not act as support, resistance, or entry guidance 🎨 Background Shading (Optional Context) A subtle background color may appear depending on price position relative to the trend line This shading is purely visual context, not a signal or confirmation 🎯 Purpose & Benefits Helps users study market structure in a clean and simple way Encourages price-action awareness instead of signal dependency Supports manual analysis, learning, and chart reading skills Keeps the chart minimal, non-predictive, and professional ⚠️ Important Notes This indicator does not provide buy/sell signals No targets, stop levels, or profit expectations are included Past structure points do not predict future outcomes Users should apply their own analysis and risk management
Pine Script® indicator
by Mentor_Michael03
ICT Liquidity Zone [KTY]ICT Liquidity Zone Indicator Overview This indicator automatically detects and displays Liquidity Zones based on ICT (Inner Circle Trader) methodology. Liquidity zones are areas where stop-loss orders cluster around swing highs and lows. Smart money targets these zones to grab liquidity before reversing price direction. Key Features Multi-Timeframe Support Display liquidity zones from two different timeframes simultaneously (LTF & HTF) HTF liquidity zones represent more significant levels Buyside & Sellside Liquidity Buyside Liquidity: Areas above swing highs where short sellers' stops accumulate → Smart money sweeps these before selling Sellside Liquidity: Areas below swing lows where long buyers' stops accumulate → Smart money sweeps these before buying Volume Analysis Displays relative volume percentage at liquidity formation Higher percentage indicates stronger liquidity concentration Mitigation Tracking Liquidity zones are automatically removed when price sweeps through Option to display swept zones for reference How to Use Identify liquidity pools above recent highs or below recent lows Wait for a sweep — price breaks the level then quickly reverses Look for confirmation using CHoCH, Order Blocks, or FVGs Enter on the reversal, set stop beyond the swept level Pro Tips: Multiple equal highs/lows create stronger liquidity pools Liquidity sweep + immediate reversal = high probability setup Combine with Order Blocks and FVGs for confluence HTF liquidity is more significant than LTF liquidity Asian session highs/lows often become liquidity targets Settings SettingDescriptionLTF / HTFEnable and select timeframes for liquidity detectionBuyside Liquidity CountNumber of buyside zones to displaySellside Liquidity CountNumber of sellside zones to displayShow Mitigated LiquidityRemove or Show swept liquidity zonesLabel ColorCustomize text color inside liquidity boxes Alerts 🔴 Buyside Liquidity Detected 🟢 Sellside Liquidity Detected 🔴 Buyside Liquidity Break 🟢 Sellside Liquidity Break 🔴 Buyside Liquidity Touched 🟢 Sellside Liquidity Touched Notes This indicator is designed for educational purposes Distinguish between genuine breakouts and liquidity sweeps Always combine with proper risk management If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Pine Script® indicator
by Kim-Thank_You
ICT Fair Value Gap [KTY]ICT Fair Value Gap Indicator Overview This indicator automatically detects and displays Fair Value Gaps (FVG) based on ICT (Inner Circle Trader) methodology. Fair Value Gaps are imbalances created when price moves rapidly across three candles, leaving a gap where no trading occurred. Price tends to return to these zones, making them valuable areas for potential entries. Key Features Multi-Timeframe Support Display FVGs from two different timeframes simultaneously (LTF & HTF) HTF Fair Value Gaps provide stronger, more reliable levels Bullish & Bearish FVG Bullish FVG: Forms during sharp up moves → Acts as support on pullbacks Bearish FVG: Forms during sharp down moves → Acts as resistance on bounces Centerline (CE) Dashed line marking the 50% level of each FVG Key reaction level for precise entries Mitigation Tracking FVGs are automatically removed when price fills the gap Option to display mitigated FVGs for reference Volume Analysis Displays relative volume percentage at FVG formation Higher percentage indicates stronger momentum behind the gap How to Use Identify the trend on higher timeframes Wait for price to retrace into an FVG zone Look for reaction at the FVG, especially at the centerline (CE) Enter within the FVG, set stop loss beyond the FVG boundary Pro Tips: FVGs that overlap with Order Blocks have higher probability Fresh (untested) FVGs tend to produce stronger reactions The middle candle being the largest of the three increases reliability HTF FVGs are more significant than LTF FVGs Settings SettingDescriptionLTF / HTFEnable and select timeframes for FVG detectionBullish FVG CountNumber of Bullish FVGs to displayBearish FVG CountNumber of Bearish FVGs to displayShow Mitigated FVGToggle display of filled/mitigated FVGsLabel ColorCustomize text color inside FVG boxes Alerts 🟢 Bullish FVG Detected 🔴 Bearish FVG Detected 🟢 Bullish FVG Touched 🔴 Bearish FVG Touched 🟢 Bullish FVG Mitigated 🔴 Bearish FVG Mitigated Notes This indicator is designed for educational purposes Always combine with proper risk management Past performance does not guarantee future results If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Pine Script® indicator
by Kim-Thank_You
Monitor de GeisThis Pine Script indicator is a Confluence-Based Trading Dashboard designed to filter market noise and identify high-probability entries using a "Traffic Light" (Semáforo) system. Core Features: Triple Confirmation: It analyzes the Trend (EMA 50/200), Momentum (RSI context), and Market Structure (CHoCH/Change of Character) simultaneously. Dynamic Decision Table: A real-time dashboard that displays the current trend ("Erecting" vs. "Deflating") and a final verdict based on total confluence (0%, 50%, or 100%). Psychological Filters: It uses localized Chilean slang to provide direct, "no-nonsense" advice (e.g., "Don't be afraid, Buy" vs. "High risk, Stay out"). Clean Visuals: It eliminates signal saturation by only plotting a single entry dot on the chart the moment all conditions align.
Pine Script® indicator
by gonzalovillela