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TechniTrend: Advance Custom Candle Finder (CCF)

🟦Description:
The TechniTrend: Advanced Custom Candle Finder (CCF) is a versatile tool designed to help traders identify custom candlestick patterns using various configurable criteria. This indicator provides a flexible framework to filter and highlight specific candles based on volume, volatility, candle characteristics, and other important metrics. Below is a detailed explanation of each filter and its customization options:
🟦Volume-Based Filters
🔸Volume Spike Filter:
Enable filtering based on volume spikes. Use the Volume Spike Multiplier to define what constitutes a significant increase in volume compared to the average. A spike indicates unusually high trading interest.
🔸Volume Range Filter:
Filter candles based on specific volume ranges. Set Minimum Volume and Maximum Volume thresholds to isolate candles with trading volumes within your desired boundaries.
🟦Candle Body & Wick Filters
🔸Body Size Filter:
Filter candles based on the size of their body. A Body Size Multiplier determines what is considered a large body relative to historical averages.
🔸Body Percentage Filter:
Filter based on the proportion of the body to the entire candle size. Use the Body Percentage Threshold to highlight candles where the body makes up a certain percentage of the total candle range.
🔸Wick-to-Body Ratio Filter:
Identify candles with specific wick-to-body ratios. A higher Wick-to-Body Ratio can indicate indecision or reversals.
🟦Volatility & Range Filters
🔸Volatility Filter:
Highlight candles based on price changes relative to volume. The Volatility Multiplier sets the threshold for what is considered a volatile candle.
🔸Candle Range Filter:
Filter based on the range (High - Low) of each candle. Use Minimum Candle Range and Maximum Candle Range to specify your desired candle size in points or pips.
🔸Short-Term and Long-Term Volatility Filters:
Analyze volatility over different periods. Enable Short-Term Volatility or Long-Term Volatility filters to compare recent volatility against historical averages, helping you detect sudden market shifts.
🟦Candle Color & Open/Close Filters
🔸Candle Color Filter:
Filter based on the candle's color. Choose between Bullish (close > open) or Bearish (close < open) to focus on specific market sentiments.
🔸Open/Close Price Range Filter:
Filter based on the difference between the open and close prices. Use Minimum Open/Close Range and Maximum Open/Close Range to specify your acceptable range in price movements.
🟦Core Functionality
The CCF indicator combines these filters to provide a final signal whenever a candle meets all the enabled criteria. By default, it highlights any qualifying candle directly on the chart and changes the background color for added visibility.
🟦Key Features:
🔸Highly Customizable Filters: Adjust the parameters for each filter to tailor the indicator to your specific needs.
🔸Multiple Conditions: Combine several conditions to identify complex candlestick patterns.
🔸Real-Time Alerts: Receive instant notifications when a matching candle pattern is found based on your custom criteria.
🟦How to Use:
🔸Enable the filters you wish to apply (e.g., Volume Spike, Candle Body Size, Volatility).
🔸Adjust the thresholds for each filter to fine-tune the pattern recognition criteria.
🔸Observe the chart to see visual cues for candles that match your specified conditions.
🟦Notes:
🔸Ensure that you clearly understand each filter’s role. Over-filtering with very strict criteria may reduce the number of signals.
🔸This indicator is designed to be a customizable tool, not providing buy or sell recommendations.
🔸Use in combination with other analysis tools and indicators for the best results.
The TechniTrend: Advanced Custom Candle Finder (CCF) is a versatile tool designed to help traders identify custom candlestick patterns using various configurable criteria. This indicator provides a flexible framework to filter and highlight specific candles based on volume, volatility, candle characteristics, and other important metrics. Below is a detailed explanation of each filter and its customization options:
🟦Volume-Based Filters
🔸Volume Spike Filter:
Enable filtering based on volume spikes. Use the Volume Spike Multiplier to define what constitutes a significant increase in volume compared to the average. A spike indicates unusually high trading interest.
🔸Volume Range Filter:
Filter candles based on specific volume ranges. Set Minimum Volume and Maximum Volume thresholds to isolate candles with trading volumes within your desired boundaries.
🟦Candle Body & Wick Filters
🔸Body Size Filter:
Filter candles based on the size of their body. A Body Size Multiplier determines what is considered a large body relative to historical averages.
🔸Body Percentage Filter:
Filter based on the proportion of the body to the entire candle size. Use the Body Percentage Threshold to highlight candles where the body makes up a certain percentage of the total candle range.
🔸Wick-to-Body Ratio Filter:
Identify candles with specific wick-to-body ratios. A higher Wick-to-Body Ratio can indicate indecision or reversals.
🟦Volatility & Range Filters
🔸Volatility Filter:
Highlight candles based on price changes relative to volume. The Volatility Multiplier sets the threshold for what is considered a volatile candle.
🔸Candle Range Filter:
Filter based on the range (High - Low) of each candle. Use Minimum Candle Range and Maximum Candle Range to specify your desired candle size in points or pips.
🔸Short-Term and Long-Term Volatility Filters:
Analyze volatility over different periods. Enable Short-Term Volatility or Long-Term Volatility filters to compare recent volatility against historical averages, helping you detect sudden market shifts.
🟦Candle Color & Open/Close Filters
🔸Candle Color Filter:
Filter based on the candle's color. Choose between Bullish (close > open) or Bearish (close < open) to focus on specific market sentiments.
🔸Open/Close Price Range Filter:
Filter based on the difference between the open and close prices. Use Minimum Open/Close Range and Maximum Open/Close Range to specify your acceptable range in price movements.
🟦Core Functionality
The CCF indicator combines these filters to provide a final signal whenever a candle meets all the enabled criteria. By default, it highlights any qualifying candle directly on the chart and changes the background color for added visibility.
🟦Key Features:
🔸Highly Customizable Filters: Adjust the parameters for each filter to tailor the indicator to your specific needs.
🔸Multiple Conditions: Combine several conditions to identify complex candlestick patterns.
🔸Real-Time Alerts: Receive instant notifications when a matching candle pattern is found based on your custom criteria.
🟦How to Use:
🔸Enable the filters you wish to apply (e.g., Volume Spike, Candle Body Size, Volatility).
🔸Adjust the thresholds for each filter to fine-tune the pattern recognition criteria.
🔸Observe the chart to see visual cues for candles that match your specified conditions.
🟦Notes:
🔸Ensure that you clearly understand each filter’s role. Over-filtering with very strict criteria may reduce the number of signals.
🔸This indicator is designed to be a customizable tool, not providing buy or sell recommendations.
🔸Use in combination with other analysis tools and indicators for the best results.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.