TSI (True Strength Index) The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991. Here's how the TSI indicator is calculated: • Double Smoothed Momentum (DM): This is...
Этот индикатор "Fibonacci Entry Signals" помогает определить точки входа в покупку и продажу на основе уровней Фибоначчи и скользящей средней. Ключевые особенности: Уровни Фибоначчи: Индикатор рисует на графике несколько уровней Фибоначчи, таких как 38.2%, 50% и 61.8%. Эти уровни определяются на основе крайних точек цены за последние 100 баров. Уровень 0%...
This a trend following indicator using simple moving averages and price close,high and low of recent candles to plot a buy or sell signal. IMPORTANT - this indicator does not repaint.Traders need to wait untill the the closing of the candle though as the signal is dependant of the close of the period. Buy Signal: Price closes above the 20, 50, and 200 simple...
OrderBlock-Finder This script shows order-blocks (OB) and fair-value-gaps (FVG). Additionaly there are entry signals for OB and FVG. The Dist-Parameter tell how many candles should exist between the beginning of the OB or FVG and the pullback. Order-Blocks An order block in trading typically refers to a significant grouping of buy or sell orders at a...
The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements.
🔵 Introduction In "technical analysis", there are certain reversal patterns that alert us to a potential reversal of a stock's previous trajectory. Two significant patterns in this regard are the "Morning Star" pattern and the "Evening Star" pattern, which are formed by a combination of three different candlesticks and are considered as reversal patterns....
========================================================= How to Use the Indicator ========================================================= Configuration: Begin by setting the session times to match your trading interests. Customize the colors and styles according to your preferences. Observation: Watch for the high and low markers of each session to form the...
This script serves as the "Engulfing Candles" indicator in TradingView. Here's what it does: - It identifies bullish candlestick patterns where the current candle's high is lower than the previous candle's high, the current candle's low is higher than the previous candle's low, the current candle's close is higher than the previous candle's close, and the current...
Highlight + candle patterns. Better used on daily with confluence of levels
//@version=4 strategy("MACD Strategy", overlay=true) // Define MACD = macd(close, 12, 26, 9) // Define conditions for long entry longCondition = crossover(macdLine, signalLine) // Define conditions for short entry shortCondition = crossunder(macdLine, signalLine) // Define stop loss for long entry longStopLoss = low // Previous candle low // Define stop...
Heikin Ashi Candles Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset. Now, let's introduce a new parameter, period, which will determine how many periods are...
Draws thick vertical lines behind candles or bars so it looks like the wicks are thick. The thickness is adjustable and so are the color for up bars vs down bars.
🔵 Introduction "3 inside up" and "3 inside down" denote a duo of candlestick reversal patterns, each comprising three individual candles, commonly observed on candlestick charts. These patterns manifest as a sequence of three candles, signaling a potential loss of momentum in the current trend and a potential reversal in direction. This pattern consists of 3...
Indicator wenting to the lower time frame(if compare with current chart time frame) and seek what happened first, the low of previouse bar was updated first or the high of previouse bar. In some trading strategies need to know exactly sequence of actions for outside bars to program the logic for testing on deep history. If first was updated the high of previouse...
The idea is to identify significantly large candles on high volume. These candles frequently offer significant context to the subsequent candles. The indicator marks unusually large candles with certain body to wick & tail ratio that has above average volume. These candles are marked bullish and bearish (green or red respectively). It is recommended that these...
The Gradient Candles indicator is crafted to be a comprehensive replacement for default candlesticks, offering users an enhanced and visually stunning alternative. To experience the intended results and fully immerse in the distinctive features of Gradient Candles, it's recommended to hide the default candlesticks. This ensures that traders can fully appreciate...
This script utilizes Tradingview's built in Correlation Coefficient indicator to calculate the correlation coefficient between two assets and changes candle colors based on the related data. Info From Correlation Coefficient Indicator: Correlation Coefficient (CC) is used in statistics to measure the correlation between two sets of data. In the trading world,...
The Candle Sizes in Cents for the Past 20 Weeks indicator helps traders visualize and analyze the historical sizes of past candles measured in cents. It provides a summary of the volatility over the last 20 weekly intervals, allowing for an adaptive trading approach. The indicator displays the sizes of past candles from the last 20 weekly intervals in cents,...