OHLC calculated with a moving average. You can replace sma with anything. EMA, Hull, sma(sma(sma(sma(close, etc. You could also make it look clean like Heikin Ashi candlesticks if you include min/max for low/high wicks on candles.
So this is a candel version with different smoothing methods (EMA ,KAMA 'WMA , ALMA etc) you have option for MTF in the setting the length is set to 1 -change it to the size you want (20 for example)
spike reversal indicator is an innovation of lirshah programming team, this indicator is combination of several indicators with candle sticks patterns. good accuracy on reverse points and ease of interpretation are strong points of this indicator. calculation of this indicator is based on opening price of each bar which means the value of indicator is constant on...
The idea is to show simply through colors "stronger or weaker" the relevance of candles in the current direction of the asset. the indicator was made to be used in the graphics of 5m and 15m. based on the SMA20 already indicated previously and with a SMA20 of the graph of 60m. candles will have their colors modified according to their relevance in the current...
Multiple Time Frame Candles is a unique script that allows traders to quickly and easily analyze price action candles across multiple time frames all from one chart. Multiple Time Frame Candles eliminates the need for price action traders to change chart time frames when trying to analyze multiple time frames. With this script, traders can easily see the candles...
A utility tool to get some metrics from the whole candles history. Consider it as my Christmas gift to the community. Available metrics Starting Year Starting Month Starting Day Starting Weekday Starting Hour Starting Minute Highest Volume (works correctly only on the tickers with available volume data) Lowest Volume (works correctly only on...
The script adds wicks to the RSI candle indicator. It is based on the RSI candle indicator by cI8DH. Note that the definition of these wicks is not unique. The implementation uses an RSI calculated from the highs and lows for the wicks.
Uses 6 most common indicators to color candles when they give buy/sell signals. Use line view to see candle colors. Purple = 6 buy signals Teal = 5 buy signals Navy = 4 buy signals Lime = 3 buy signals Green = 2 buy signals Pale Green = 1 Buy signal White = neutral Gray = 1 sell signal Yellow = 2 sell signals Orange = 3 sell signals Red = 4 sell...
Hello traders! Well, I was trying to implement EquiVolume Charts that were developed by Richard W. Arms, but unfortunately I got a poor result. Instead, I used my groundwork on EquiVolumes to create Volume Candles indicator to help you make better, smarter trades. What are the cool features? Excellently filters the instrument's movements Gives a better...
Morning star is signal for ending of downtrend and starting of uptrend. For detail: www.onlinetradingconcepts.com
This script will display a small triangle under the latest two candles to indicate whether that candle is bullish or bearish based on the following definition. A bullish candle closes in the top portion of the trading range of the candle while a bearish candle closes in the bottom portion of the trading range of the candle. The cutoff is currently set at 65%...
If moving average SMA (green line) crosses above SMA (red line) is uptrend , stock price will move up gradually. If suppose moving average SMA (green line) crosses below SMA (red line) is downtrend, stock price will move down. Also please validate with MACD & RSI for reference will get more clarification. The default script have: 1) Bollinger Bands 2) Moving...
I've modified the original script by WiscoDish to show candles as green while they are smaller than the median of the past 10 candles. Once they become larger than the median they'll change to gray. I've also added a horizontal median line so you can see how close the candle is to the median candle size. This is very useful if you're stalking a trade and waiting...
When i was in Japan with some traders colleagues we talked about traditional charting tools from this country and how they changed the way we look at our charts today. Then suddenly one of the japanese traders i have met earlier said "Why not making another charting tool ? Smoother than Heikin-Ashi and including all the information a trader may need but easier to...
An indicator that visualizes the evolution of a daily candle, inspired by a thread on forexfactory: www.forexfactory.com Applied on a timeframe lower than D (actually lower than H4), it visualizes the evolution of the day's high and low, as well as mid and 25% and 75% lines. The sole input parameters are the hour at which a day is supposed to start, and the extent...
Access two chart resolutions and/or securities with crystal clarity. Have your one minute candles built right into your one hour candles, or whatever other combinations you'd like. Use "Fade Mode" to accentuate low res candles when zoomed out and mute them when zoomed in. Choose any security/exchange and any resolution. If you'd like to plug this concept into...