The Rotation Factor objectively measures attempted market direction(or market sentiment) for a given period. It records the cumulative directional attempts of auction rotations within a given period, thus, helping traders determine which way the market is trying to go and which market participant is exerting greater control or influence. Theory The premise is...
Introducing the Candlestick Pattern Plotter, a comprehensive TradingView indicator designed to elevate your technical analysis by automatically identifying and plotting three essential candlestick patterns – Pin Bars, Engulfing Candles, and Inside Bars. This powerful tool equips traders with a holistic view of market dynamics, enabling them to make informed...
There are a plenty of Engulfing candle detecting indicators but every single of them detect engulfing candles engulfed by only single candle but sometime it take more then one candle to engulf the previous opposite candle, which is also considered as engulfing candle. So this script show both type of candles. Type of Engulfing Candles Normal Engulfing...
█ Overview The Precision PinBar and Bloom Pattern Concept by Zeiierman introduces two new patterns, which we call the Bloom Pattern and the Precision PinBar Pattern. These patterns are used in conjunction with market open, high, and low values from different periods and timeframes. Together, they form the basis of the "PinBar and Bloom Pattern Concept." The...
Introduction: The candlestick chart has been used for centuries since the Japanese applications. Based on the candlestick charting, people developed candle pattern analysis. Now we have tons of books or articles illustrating the usage of reversal patterns and continuation patterns, and computers provide a faster and preciser way to recognize these pattern....
This Pine Script indicator is designed to identify and visually represent inside bars or candles. Here's a breakdown of its features and functionality: 1. Inputs: insideCandlesColor: Color of the inside bars or candles. highColor: Color of the horizontal line representing the high of the inside bar. lowColor: Color of the horizontal line representing the...
If you lose track of what's going on while being on the lower timeframes, you can use this indicator in order to plot the higher timeframe bar to the right hand side of the chart. Supports multiple timeframes Supports different colors Supports different color for inside bars Supports toggle-able pip range
Highlight candle tails in a trend in order to find previous area of resistance or support. Recommended for D, W or higher timeframes.
The "Hammer and Inverted Hammer" indicator is straightforward and effective. It automatically spots key candlestick patterns for you, making it easier to see potential market turns. You can also adjust a few settings to fit your trading style. Simple, yet quite handy for traders! Alerts for Hammer Pattern: When the script identifies a Hammer pattern, it can...
This is an indicator for the Candle By Candle (CBC) Flip strategy as created by @MapleStax It’s useful to traders because it’s a simple approach to gauge if bulls or bears are in control for any particular candle. The logic is as follows: If the most recent candle close is above the previous candle high, then bulls are in control. If the most recent candle close...
The "𝙏𝙍𝙀𝙉𝘿 𝙁𝙄𝙉𝘿𝙀𝙍" indicator is a powerful tool designed to detect trends and identify potential reversal points in asset prices. It operates as both a trend-following and mean reversion indicator, offering insights into market movements. Trend Identification: Trend Detection: This indicator primarily identifies trends in asset prices. When the "𝙏𝙍𝙀𝙉𝘿...
This is a strategy script that combines trend-based price action analysis with the Relative Strength Index (RSI) and Exponential Moving Averages (EMA) as trend filters. Here's a summary of the key components and logic: Price Action Candlestick Patterns: Bullish patterns: Engulfing candle and Morning Star. Bearish patterns: Engulfing candle and Evening Star. ...
Alert on Candle Close is a simple indicator allowing you to set alerts when a candlestick closes. Instructions for use From the chart window, click on "Indicators" and search for "Alert on Candle Close". Click on "Alert on Candle Close" to add the indicator to your chart. Click on the star icon to add it to your favourites to easily access later. Set your...
This indicator presents a comprehensive view of the historical candle data within user-defined body percentage ranges. Each column represents a specific body size percentage threshold, starting from as low as 0.01% and extending up to 20%. The rows categorize candles by their closing and opening price differences, effectively sorting them into green (bullish)...
A trader once told me that top wicks equals sell interest and bottom wicks equals buy interest. If that's true then this indicator tries to organize and visualize this idea. It uses transparent boxes to give the impression of a heat map. Due to limitations of my own skill and possibly pinescript it is not possible to render it in a useful manner using different...
This indicator is designed to highlight the night session, from 20:00 to 07:00 in the morning . The purpose is to study the congestion ranges. This is a useful condition to anticipate the volatility break out that occurs in the morning, driven by the European markets. Below is the logic I have applied: First of all, I defined a directive to activate the...
A traditional candle only has two colors, either green or red. A TL candle goes one step further, it has three colors: green for bullish (perfectly bullish), red for bearish (perfectly bearish), and yellow for ranging (wake-up, sleeping). A green TL candle means that its close is not only higher than its open but also higher than previous close, previous open and...
The indicator is designed to signal the presence of a trend bar with reduced profit-taking the following day. Below, I explain the logic that I have defined for this first version. The guidelines I provided are as follows: We identify a trend bar, if it sets a market change, between opening and closing, equal to or greater than 50 pips . This first guideline is...