Get started

Search in scripts for "Candlestick"

Price Percentage Breakout by Chosen PercentageDescription: The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities. How it Works: The Price Percentage Breakout indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to a user-defined threshold to determine if a breakout has occurred. When the percentage change exceeds the threshold, indicating a significant price movement, the indicator highlights the breakout on the chart. Additionally alerts can be created by the user that display the percentage of the breakout. Usage: To effectively utilize the Price Percentage Breakout indicator, follow these steps: 1. Apply the P%B indicator to your chart by adding it from the available indicators. 2. Customize the input settings to suit your preferences. You can choose the color for highlighting the breakout and set the percentage threshold for detecting breakouts. 3. Observe the bars on the chart: - Bars highlighted in the chosen color indicate potential breakout signals. 4. Interpret the breakout signals: - A breakout signal occurs when the percentage change in price exceeds the specified threshold. This suggests a significant price movement. 5. Consider additional analysis: - Combine the breakout signals from the Price Percentage Breakout indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Breakout indicator provides insights into potential breakout signals based on percentage changes in price. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Pine Script® indicator
by maybethatguy
1
Open High Low StrategyThis is a very simple, yet effective and to some extend widely followed scalping strategy to capture the underling sentiments of the counter whether it will go up or down. What is it? This is Open-High-Low (OLH) strategy. As you already aware of Candlestick patterns, there is patterns called as Marubozu patterns where the sell wick or buy wick either ceases to exists (or very small). This is exactly in the same principle. In OLH strategy: The buy signal appears when the Open Price is the Low Price. It means if you draw the candlestick, there is no bottom wick. So after the opening of the candle, the demand drives the price up to the level, some selling may or may not come and closes in green. This indicates a strong upward biasness of the underlying counter. Similarly, a sell signal appears when the Open price is the High Price. It means there is no upper wick. So there is no buying pressure, since the opening of the candle, sellers are in force and pulls down the price to a closing. This strategy generates the signal at the close of the candle (technically barstate.isconfirmed). Because until the bar is real-time there is no option to know the final closing or high. So you will see the bar on which it generates the buy or sell signal is actually indicates the previous bar as OLH bar. To determine the Stop-Loss, it uses the most widely known SL calculation of: For buy signal, it takes the low of the last 7 candles and substract the ATR (Average True Range) of 14-period. For sell signal, it takes the high of the last 7 candles and add it to the ATR (Average True Range) of 14-period. One can plot the SL lines as dotted green and red lines as well to see visually. Default Risk:Reward is 1:2, Can be customizable. What is Unique? Of course the utter simplistic nature of this strategy is it's key point. Very easy and intuitive to understand. There are awesome strategies in this forum that talks about the various indicators combinations and what not. Instead of all this, in a 15m NSE:NIFTY chart, it generates a good ~ 47% profit-factor with 1:2 Risk Reward ratio. Means if you loose a trade you will loose 1% of account and if you win you will gain 2%. Means 3 trades (2 profits and 1 loss) in a trading session result 3% overall gain for the day. (Assuming you are ready with 1% draw down of your account per trade, at max). Disclaimer: This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time. We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Pine Script® strategy
by pradipandsuvra
Trading Rule #19This script is based on Trading Rule #19 from Chester Keltner's book How To Make Money On Commodities. It is best applied to candlestick charts with longer time frames and plans with minimal losses (i.e. swing trades). The rule is based on "Key" trend days (this is applied to daily charts in the book). An initial Key-Up day is established on the third day of 3 consecutive new highs. Subsequent key-up days are determined as follows: 1. The first day following an initial key-up day trades 0.375% above the previous key-up day 2. The second day or any following day trades 0.125% above the previous key-up day An initial Key-Down day is established on the third day of 3 consecutive new lows. Subsequent key-down days are determined as follows: 1. The first day following an initial key-up day trades 0.375% below the previous key-down day 2. The second day or any following day trades 0.125% below the previous key-down day Green candles are considered up-trend, red candles are down-trend. Gray candles are undecided - when there is a new high and low in the same time frame, when there is no new high or low in that time frame, or the order price was cleared. Order prices are represented as a blue line, with some days being "na" when order prices remain unchanged. On key-up days, orders are placed 0.375% below the low of the previous key-up day or the day previous (whichever is lower). Order prices on key-down days are placed 0.375% above the high of the previous key-down day or the day previous (whichever is higher). The tolerance setting mainly effects the plot point of order price, at a certain point key-trend rules will take priority over order price (meaning if tolerance is high enough, order price will have no effect on determining key-trends).
Pine Script® indicator
by acowwn
Cumulative Volume Delta Candles Aggregated (Lite)Cumulative Volume Delta Candles Aggregated (Lite) Multi-Exchange CVD Visualization in Candle Format This indicator provides an aggregated Cumulative Volume Delta (CVD) view across multiple major perpetual futures exchanges in one chart. It is designed for traders who want a broader perspective on buying and selling pressure without switching between multiple charts or relying on a single exchange feed. What It Does Combines volume delta data from Binance, Bybit, OKX, Bitget, and Coinbase into a unified representation. Displays CVD as candlesticks, where each candle reflects the open, high, low, and close of cumulative delta for the selected period. Offers a clear visual of how buying and selling pressure evolves across markets in a structured, familiar candle format. Key Features ✔ Exchange Aggregation: Incorporates data from several top futures markets available on TradingView. ✔ Anchor Reset: Allows you to set an anchor timeframe (e.g., daily) to reset cumulative values for better readability and analysis. ✔ Unit Normalization: Since exchanges report volumes in different units, the indicator normalizes all data and outputs values denominated in the base currency (coins) for consistency. ✔ Hidden OHLC Outputs: Provides open, high, low, and close values as hidden plots for use with other indicators or strategies. ✔ Lightweight Design: Optimized for efficiency while handling multiple real-time data requests. Why It’s Different Unlike standard single-exchange CVD tools, this indicator aggregates the majority of perpetual volume data available on TradingView, offering a more representative view of market sentiment. The candle-based representation of CVD introduces an additional layer of structure, helping traders identify shifts in momentum and pressure with more context than a simple cumulative line. Use Cases - Spotting aggregated buy/sell pressure trends across multiple exchanges. - Confirming breakout or reversal signals with broader volume delta context. - Serving as a custom data source for other indicators or algorithmic strategies.
Pine Script® indicator
by mxdvt07
NSDT Bearish-Bullish CandlesThis is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is because the wick will now match the body size and color. This indicator is very similar to our NSDT Special High-Low Candles.
Pine Script® indicator
by NorthStarDayTrading
1
Trading Session Candles [NeoButane]█  OVERVIEW Display candlesticks for the selected session, regular or extended. █  CONFIGURATION Options to change include displaying the regular or extended session, timezone, session hours, and session days. █  CONCEPTS Meant for charts with longer trading sessions or to view only extended hours trading action on US stocks that have afterhours available. █  Notes For trading days, '23456' refers to Monday to Friday.
Pine Script® indicator
by NeoButane
2
Rate ConverterThis is a simple rate converter that can convert almost anything into almost anything else. It supports cryptocurrencies, currencies and most commodities. On the chart we see the following: USD (US Dollar) into EUR (Euro) as a candle stick chart WTICO (West Texas Intermediate Crude Oil) into ISK (Icelandic Krona) as a bar chart ADA (Cardano) into JMD (Jamaican Dollar) as a line chart XPT (Platinum) into XAG (Silver) as a scatter plot It supports plotting the rates as japanese candlesticks, bars, lines, or as a scatter plot.
Pine Script® indicator
by lejmer
4
.BXBT IndexThe current .BXBT index weighted as close as possible to BitMEX's with updates as BitMEX refreshes their index. Difference between this and the script titled '2020 March 27 .BXBT Index': this one will receive updates because it doesn't have a date in its title. Methodology www.bitmex.com "BitMEX Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, last updated 27 December 2019 at 12:00:05 UTC." Binance: - Bitstamp: 10.61% Bittrex: 2.53% Coinbase: 52.30% Gemini: 6.89% Huobi: - Itbit: 4.21% Kraken: 23.46% Poloniex: - ItBit's weight is combined with Gemini's due to ItBit not being on TradingView as of now. BITTREX:BTCUSD substituted with BITTREX:BTCUSDT*POLONIEX:USDTUSD to backfill because Bittrex only recently (late 2018) started to offer a fiat BTC/USD pair. Not that it matters since the index used in 2018 didn't include Bittrex if I remember correctly. What is actually used for 27/12/2019 to 27/03/2020: Binance: - Bitstamp: 10.61% Bittrex: 2.53% Coinbase: 52.30% Gemini: 11.10% Huobi: - Itbit: - Kraken: 23.46% Poloniex: - Options: Toggle candlesticks or close line Change price source to be used for indicators To be added: Change quarter to show indexes for different times, with labels that apply to the appropriate index used Reasons to use this vs. the index itself: (not many) It is helpful as a reference for other indicators or creation of an index.
Pine Script® indicator
by NeoButane
1
Trappp's Advanced Multi-Timeframe Trading ToolkitThis comprehensive trading script by Trappp provides a complete market analysis framework with multiple timeframe support and resistance levels. The indicator features: Key Levels: · Monthly (light blue dashed) and Weekly (gold dashed) levels for long-term context · Previous day high/low (yellow) with range display · Pivot-based support/resistance (pink dashed) · Premarket levels (blue) for pre-market activity Intraday Levels: · 1-minute opening candle (red) · 5-minute (white), 15-minute (green), and 30-minute (purple) session levels · All intraday levels extend right throughout the trading day Technical Features: · EMA 50/200 cross detection with alert labels · Candlestick pattern recognition near key levels · Smart proximity detection using ATR · Automatic daily/weekly/monthly updates Trappp's script is designed for traders who need immediate visual reference of critical price levels across multiple timeframes, helping identify potential breakouts, reversals, and pattern-based setups with clear, color-coded visuals for quick decision-making.
Pine Script® indicator
by AntonioUA
Wavelet Candlestick Slope Follower-Master Edition Here is a short description of this script: This is a **Trend Following strategy** that utilizes advanced mathematics—the **Wavelet Transform**—to filter out market noise. **Key Features:** 1. **Synthetic Candles:** The script does not analyze raw prices. Instead, it constructs "Wavelet Candles"—smoothed candles created through mathematical convolution of prices with a specific wavelet "kernel" (e.g., Mexican Hat, Morlet, Haar). 2. **Auto-Correction (Normalization):** This is the most critical technical feature of this code. The script automatically normalizes the weights. This ensures that even when using complex mathematical shapes (like the Mexican Hat), the output price remains accurate to the real chart scale and is not distorted. 3. **Strategy Logic:** The logic is very straightforward—the system enters a **Long** position when the smoothed closing price (`w_close`) is rising, and closes the position when it starts to fall. 4. **Visualization:** It draws new, cleaner candles (green/red) on the chart, revealing the "true" trend structure after filtering out temporary fluctuations. This is a example of use idea of wavelet candle
Pine Script® strategy
by wojlucz
Structure Analysis + Hammer Alert# Structure Resistance + Hammer Alert ## 📊 Indicator Overview This indicator integrates Structure Breakout Analysis with Candlestick Pattern Recognition, helping traders identify market trend reversal points and strong momentum signals. Through visual markers and background colors, you can quickly grasp the bullish/bearish market structure. --- ## 🎯 Core Features ### 1️⃣ Structure Resistance System - Auto-plot Previous High/Low: Automatically marks key support/resistance based on pivot points - Structure Breakout Detection: Shows "BULL" when price breaks above previous high, "BEAR" when breaking below previous low - Trend Background Color: Green background for bullish structure, red background for bearish structure ### 2️⃣ Bullish Momentum Candles (Hammer Patterns) Detects candles with long lower shadows, indicating strong buying pressure at lows: - 💪Strong Bull (Bullish Hammer): Green marker, bullish close with significant lower shadow - 💪Weak Bull (Bearish Hammer): Teal marker, bearish close but strong lower shadow ### 3️⃣ Bearish Momentum Candles (Inverted Hammer/Shooting Star) Detects candles with long upper shadows, indicating strong selling pressure at highs: - 💪Weak Bear (Bullish Inverted Hammer): Orange marker, bullish close but significant upper shadow - 💪Strong Bear (Shooting Star): Red marker, bearish close with significant upper shadow ### 4️⃣ Smart Marker Sizing Markers automatically adjust size based on current trend: - With-Trend Signals: Larger markers (e.g., hammer in bullish trend) - Counter-Trend Signals: Smaller markers (e.g., shooting star in bullish trend) - Neutral Trend: Medium-sized markers --- ## ⚙️ Parameter Settings ### Structure Resistance Parameters - Swing Length: Default 5, higher values = clearer structure but fewer signals - Show Lines/Labels: Toggle on/off options ### Bullish Momentum (Hammer) Parameters - Lower Shadow/Body Ratio: Default 2.0, lower shadow must be 2x body size - Upper Shadow/Body Ratio Limit: Default 0.2, upper shadow cannot be too long - Body Position Ratio: Default 2.0, ensures body is at the top of candle ### Bearish Momentum (Inverted Hammer) Parameters - Upper Shadow/Body Ratio: Default 2.0, upper shadow must be 2x body size - Lower Shadow/Body Ratio Limit: Default 0.2, lower shadow cannot be too long - Body Position Ratio: Default 2.0, ensures body is at the bottom of candle ### Filter & Display Settings - Minimum Body Size: Filters out doji-like candles with tiny bodies - Pattern Type Toggles: Show/hide different pattern types individually - Background Transparency: Adjust background color intensity (higher = more transparent) - Label Distance: Adjust marker distance from candles --- ## 📈 Usage Guidelines ### Trading Signal Interpretation **Long Signals (Strongest to Weakest):** 1. Bullish Structure + Bullish Hammer (💪Strong Bull) → Strongest long signal 2. Bullish Structure + Bearish Hammer (💪Weak Bull) → Secondary long signal 3. Bearish Structure + Hammer → Potential reversal signal **Short Signals (Strongest to Weakest):** 1. Bearish Structure + Shooting Star (💪Strong Bear) → Strongest short signal 2. Bearish Structure + Bullish Inverted Hammer (💪Weak Bear) → Secondary short signal 3. Bullish Structure + Shooting Star → Potential reversal signal ### Practical Tips ✅ Trend Following: Prioritize large marker signals (aligned with trend) ✅ Structure Confirmation: Wait for structure breakout before entry to avoid false breaks ✅ Multiple Timeframes: Confirm trend direction with higher timeframes ⚠️ Counter-Trend Caution: Small marker signals (counter-trend) require stricter risk management --- ## 🔔 Alert Setup This indicator provides 9 alert conditions: - Individual Patterns: Bullish Hammer, Bearish Hammer, Bullish Inverted Hammer, Shooting Star - Combined Signals: Bullish Momentum, Bearish Momentum, Bull/Bear Momentum - Structure Breakouts: Bullish Structure Break, Bearish Structure Break --- ## 💡 FAQ **Q: Why do hammers sometimes appear without markers?** A: Check "Minimum Body Size" setting - the candle body may be too small and filtered out **Q: Too many or too few markers?** A: Adjust "Lower Shadow/Body Ratio" or "Upper Shadow/Body Ratio" parameters - higher ratios = stricter conditions **Q: How to see only the strongest signals?** A: Disable "Bearish Hammer" and "Bullish Inverted Hammer", keep only "Bullish Hammer" and "Shooting Star" **Q: Can it be used on all timeframes?** A: Yes, but recommended for 15-minute and higher timeframes - shorter timeframes have more noise --- ## 📝 Disclaimer ⚠️ This indicator is a supplementary tool and should be used with other technical analysis methods ⚠️ Past performance does not guarantee future results - always practice proper risk management ⚠️ Recommended to test on demo account before live trading --- **Version:** Pine Script v6 **Applicable Markets:** Stocks, Futures, Cryptocurrencies, and all markets
Pine Script® indicator
by ssun_6
Pivot Reversal Signals - Multi ConfirmationPivot Reversal Signals - Multi-Confirmation System Overview A comprehensive reversal detection indicator designed for daytraders that combines six independent technical signals to identify high-probability pivot points. The indicator uses a scoring system to classify signal strength as Weak, Medium, or Strong based on the number of confirmations present. How It Works The indicator monitors six key reversal signals simultaneously: 1. RSI Divergence - Detects when price makes new highs/lows but RSI shows weakening momentum 2. MACD Divergence - Identifies divergence between price action and MACD histogram 3. Key Level Touch - Confirms price is at significant support/resistance (previous day high/low, premarket high/low, VWAP, 50 SMA) 4. Reversal Candlestick Patterns - Recognizes bullish/bearish engulfing, hammers, and shooting stars 5. Moving Average Confluence - Validates bounces/rejections at stacked moving averages (9/20/50) 6. Volume Spike - Confirms increased participation (default: 1.5x average volume) Signal Strength Classification • Weak (3/6 confirmations) - Small circles for situational awareness only • Medium (4/6 confirmations) - Regular triangles, viable entry signals • Strong (5-6/6 confirmations) - Large triangles with background highlight, highest probability setups Visual Features • Entry Signals: Green triangles (up) for long entries, red triangles (down) for short entries • Exit Warnings: Orange X markers when opposing signals appear • Signal Labels: Show confirmation score (e.g., "5/6") and strength level • Key Levels Displayed: o Previous Day High/Low - Solid green/red lines (uses actual daily data) o Premarket High/Low - Blue/orange circles (4:00 AM - 9:30 AM EST) o VWAP - Purple line o Moving Averages - 9 EMA (blue), 20 EMA (orange), 50 SMA (red) • Background Tinting: Subtle color on strongest reversal zones Key Level Detection The indicator uses request.security() to accurately fetch previous day's high/low from daily timeframe data, ensuring precise level placement. Premarket high/low levels are dynamically tracked during premarket sessions (4:00 AM - 9:30 AM EST) and plotted throughout the trading day, providing critical support/resistance zones that often influence price action during regular hours. Customizable Parameters • Signal strength thresholds (adjust required confirmations) • RSI settings (length, overbought/oversold levels) • MACD parameters (fast/slow/signal lengths) • Moving average periods • Volume spike multiplier • Toggle individual display elements (levels, MAs, labels) Best Practices • Use on 5-minute charts for entries, confirm on 15-minute for direction • Focus on Medium and Strong signals; Weak signals provide context only • Strong signals (5-6 confirmations) have the highest win rate • Pay special attention to reversals at premarket high/low - these levels frequently hold • Previous day high/low often acts as major support/resistance • Always use proper risk management and stop losses • Works best in moderately trending markets Alert Capabilities Set custom alerts for: • Strong long/short signals • All entry signals (medium + strong) • Exit warnings for open positions Ideal For • Daytraders and scalpers (especially SPY, QQQ, and liquid equities) • Swing traders seeking precise entries • Traders who prefer confirmation-based systems • Anyone looking to reduce false signals with multi-factor validation • Traders who utilize premarket levels in their strategy Technical Notes • Uses Pine Script v6 • Premarket hours: 4:00 AM - 9:30 AM EST • Previous day levels pulled from daily timeframe for accuracy • Maximum 500 labels to maintain chart performance • All key levels update dynamically in real-time ________________________________________ Note: This indicator provides signal analysis only and should be used as part of a complete trading strategy. Past performance does not guarantee future results. Always practice proper risk management.
Pine Script® indicator
by BlouToro
1