Large Candle Marker (Threshold in Cents)This indicator, Large Candle Marker, identifies and marks candles that exceed a specified size threshold. The size can be based on either the candle's body (difference between open and close) or the total range (difference between high and low). The threshold is entered in cents for easy configuration, and the indicator highlights these significant candles directly on the chart with a orange flag. It's perfect for spotting momentum or volatility in price movements. I use it to not enter trades after a large candle.
// INSTRUCTIONS:
// 1. Input the desired candle size threshold in cents in the settings menu.
// - For example, enter "30" for 30 cents or "50" for 50 cents.
// 2. Choose the size type:
// - Select "True" to use the candle body size (difference between open and close).
// - Select "False" to use the total range size (difference between high and low).
// 3. The script will mark candles exceeding the threshold with a red marker above the candle.
// 4. Apply this indicator to any chart to identify significant candles based on the threshold.
스크립트에서 "candle"에 대해 찾기
David_candle length with average and candle directionThis indicator,
calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included:
Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated.
Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right).
High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated.
Candle Direction: The color of the displayed text in the table changes based on the candle direction:
Green for bullish candles (close price higher than open price).
Red for bearish candles (close price lower than open price).
White for neutral candles (close price equal to open price).
Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text.
This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
Master Candle Breakout V1 Master Candle Breakout V1 - Indicator Description
The Master Candle Breakout V1 indicator is a powerful price action-based tool designed to help traders identify and capitalize on breakout opportunities from consolidation phases. This indicator is particularly useful for identifying master candles, which are large candles that encompass the range of subsequent candles, creating a key level of support or resistance. Once the price breaks above or below the range of the master candle, the indicator provides clear buy or sell signals, allowing traders to ride the momentum of the breakout.
Key Features:
Master Candle Detection: The indicator identifies master candles based on a user-defined period, marking them on the chart as critical breakout points.
Buy and Sell Signals: When the price breaks above the master candle's high, a buy signal is plotted. Similarly, when the price breaks below the master candle's low, a sell signal is generated. These signals are displayed on the chart with customizable shapes (diamonds, arrows, circles, crosses) and colors for easy visualization.
Stop-Loss Level Display: For risk management, the indicator calculates and plots a stop-loss level based on user-defined ticks above or below the master candle's high or low. The stop-loss value is shown as a label next to the signal, helping traders manage risk effectively.
Customizable Colors and Shapes: Users can fully customize the appearance of the signals, including the color of the buy/sell diamonds, the stop-loss label text color, and the type of shape used for the signals.
Versatile Application: The Master Candle Breakout V1 can be applied to any timeframe and market, from forex and stocks to commodities and cryptocurrencies, making it a highly versatile tool for traders of all types.
How to Use:
Master Candle Period: Define how many candles should follow the master candle for confirmation.
Stop Loss Ticks: Set the number of ticks above or below the master candle to define your stop-loss level.
Entry Signals: Once the price closes outside the high or low of the master candle, enter the trade accordingly (buy on breakouts above the high, sell on breakouts below the low).
Risk Management: Use the stop-loss level provided by the indicator to minimize losses and protect your capital.
This indicator is perfect for traders who prefer a simple, price-action-based strategy and want to avoid the clutter of traditional indicators. By focusing on the core principle of breakouts, Master Candle Breakout V1 helps traders quickly identify consolidation zones and potential breakout trades.
Bullish On Neck Candlestick patternExplanation:
1. Bullish Large Candle: The first candle is defined as bullish, where the closing price is much higher than the opening price. It also needs to have a large body (at least 60% of the total candle height).
2. Small Bearish Candle: The second candle is bearish and closes near the high of the previous bullish candle, with a relatively small body.
3. Bullish On Neck Detection: The script looks for this pattern where the bullish large candle is followed by a smaller bearish candle that closes near the first candle's high, indicating potential for a bullish breakout.
4. Plot: When the pattern is detected, the script places a green triangle above the bar to signal the bullish on neck pattern.
Candlestick Reversal SignalsTitle: Candlestick Reversal Signals
This Pine Script indicator is designed to identify and plot signals for two key candlestick reversal patterns: Bullish and Bearish Engulfing patterns, as well as Bullish and Bearish Harami patterns. These patterns are widely recognized for their ability to indicate potential trend reversals in the market, providing traders with valuable insights for making informed trading decisions.
Features:
• Bullish Engulfing Pattern:
• Conditions: This pattern is identified when the current candle’s close is higher than the previous candle’s open, and the current candle’s open is lower than the previous candle’s close. Additionally, the current candle’s close must be higher than the previous candle’s close, and the current candle’s open must be lower than the previous candle’s open.
• Signal: When a Bullish Engulfing pattern is detected, a green label is plotted below the relevant bar, indicating a potential upward reversal.
• Bearish Engulfing Pattern:
• Conditions: This pattern is identified when the current candle’s close is lower than the previous candle’s open, and the current candle’s open is higher than the previous candle’s close. Additionally, the current candle’s close must be lower than the previous candle’s close, and the current candle’s open must be higher than the previous candle’s open.
• Signal: When a Bearish Engulfing pattern is detected, a red label is plotted above the relevant bar, indicating a potential downward reversal.
• Bullish Harami Pattern:
• Conditions: This pattern is identified when the previous candle is a bearish candle (open higher than close), and the current candle is a bullish candle (close higher than open) that is contained within the body of the previous bearish candle.
• Signal: When a Bullish Harami pattern is detected, a green label is plotted below the relevant bar, indicating a potential upward reversal.
• Bearish Harami Pattern:
• Conditions: This pattern is identified when the previous candle is a bullish candle (open lower than close), and the current candle is a bearish candle (close lower than open) that is contained within the body of the previous bullish candle.
• Signal: When a Bearish Harami pattern is detected, a red label is plotted above the relevant bar, indicating a potential downward reversal.
Usage:
To use this script, simply add it to your TradingView chart. The script will automatically highlight the Bullish and Bearish Engulfing patterns, as well as Bullish and Bearish Harami patterns, by plotting green and red labels on the chart. These visual signals make it easy to spot potential reversal points, helping traders to identify and capitalize on trading opportunities.
Example:
• When you see a green “Bullish Engulfing” label below a candlestick, it suggests that the market might reverse upwards, signaling a potential buy opportunity.
• Conversely, a red “Bearish Engulfing” label above a candlestick suggests a potential downward reversal, signaling a potential sell opportunity.
• A green “Bullish Harami” label below a candlestick also indicates a potential upward reversal.
• A red “Bearish Harami” label above a candlestick indicates a potential downward reversal.
This indicator is a valuable addition to any trader’s technical analysis toolkit, providing clear and actionable signals based on well-established candlestick patterns. By incorporating these reversal patterns into your analysis, you can enhance your trading strategy and improve your decision-making process.
Indecisive CandlesAn Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market.
To calculate whether a candle qualifies as an indecisive candle based on the criterion that its body (the absolute difference between its open and close prices) is less than or equal to 50% of the total range of the candle (the difference between its high and low prices).
Key Features:
Small Real Body: Signifies minimal movement from open to close, indicating market indecision.
Long Upper and Lower Wicks: Show that both bulls and bears attempted to control the price, but neither succeeded, leading to a standoff.
Formation Context: Typically found at the end of a strong trend or within a consolidation phase, hinting at a potential reversal or continuation pattern.
Usage in Identifying Institutional Supply and Demand:
Supply Zones: When an Indecisive Candle forms after a rally, it can mark the onset of an institutional supply zone, suggesting that large entities are starting to sell, leading to potential downward pressure.
Demand Zones: Conversely, when this candle appears after a downtrend, it often signals the emergence of a demand zone, where institutions begin to accumulate, anticipating a price increase.
Trading Strategies:
Zone Identification: Use Indecisive Candles to pinpoint key supply and demand zones on your chart, enhancing the accuracy of your support and resistance levels.
Confirmation: Look for confirmation from subsequent price action or volume spikes to validate the presence of institutional activity before making trading decisions.
Risk Management: Place stop-loss orders beyond the wicks of these candles to protect against false breakouts or continued indecision.
Conclusion:
Indecisive Candles are essential tools for traders looking to understand market sentiment and institutional behavior. By mastering their identification and interpretation, you can enhance your ability to spot high-probability trading opportunities and manage risks effectively.
Red Candles with Green Precedent
**Title**: Red Candles with Green Precedent Indicator
**Description**:
This TradingView indicator is designed to help traders identify potential reversal or continuation patterns based on the appearance of consecutive red candles following a green candle. The script marks a region starting from a green candle that precedes at least four consecutive red candles, extending a box forward for a predefined number of bars to analyze the continuation of the trend.
**Key Features**:
- **Consecutive Red Candles Detection**: The indicator counts consecutive red candles that close lower than they open.
- **Initial Green Candle Identification**: Identifies the last green candle before a series of red candles begins. This green candle must close higher than it opens.
- **Visual Box Extension**: Creates a visual box from the open to the high of the green candle and extends it forward to highlight the period of interest.
- **Dynamic Box Termination**: Optionally terminates the box early if a significant green candle appears within the extension period, suggesting a potential reversal.
**Usage**:
1. **Setup**: Apply the indicator to any chart in TradingView. Adjust the number of consecutive red candles to track based on your trading strategy.
2. **Interpretation**: A visual green box will appear when the criteria are met. This box helps focus on the price action following a potentially significant green candle. Traders should watch for price actions within and around the box to make informed decisions.
3. **Alerts**: Consider setting alerts for when a new box is created or when a significant green candle forms that might terminate the box early, indicating potential market movements.
**Suitable for**: This indicator is suitable for traders looking for visual cues about potential bearish exhaustion or the setup for a bullish reversal, particularly in volatile markets.
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Feel free to customize the description and features according to any additional details or personal insights you might want to include based on your trading experience or the specific behaviors of the markets you track.
**Disclaimer**:
This script is provided as a tool for trading analysis and is not intended to be used as the sole basis for any trading decisions. While this indicator aims to identify potential trading opportunities, its effectiveness can depend on market conditions and individual trading strategies. Users should conduct their own research and consult with professional advisors before making any investment decisions. The creator of this script assumes no responsibility for any potential financial losses incurred from using this indicator. Trading in financial markets involves risk, and it is possible to lose more than your initial investment.
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Bullish Candle Highlighter by MalviyaOverview:
The Bullish Candle Highlighter is a comprehensive and user-friendly TradingView indicator designed to assist traders in identifying individual bullish candles, facilitating the recognition of potential bullish trends and reversal patterns. This tool is meticulously crafted to enhance the precision of your technical analysis, making it an essential addition to your trading arsenal.
Key Features:
Bullish Candle Identification:
The indicator meticulously scans price action, pinpointing individual candles with a bullish bias.
Each identified bullish candle is distinctly marked on the chart for easy recognition.
Minimum Body Size Filter:
To refine the selection of signals, the indicator incorporates a minimum body size filter.
This filter ensures that only candles with a significant body size are considered, reducing noise and enhancing the reliability of bullish signals.
Visual Highlighting:
Bullish candles are visually highlighted with a vibrant green background, ensuring they stand out on your chart.
The visual cues simplify the process of identifying potential entry points during bullish market conditions.
How to Use:
Bullish Candle Identification:
Keep an eye on the chart for instances where the indicator marks a candle with the label "Bullish Candle."
Each marked candle signifies a potential bullish reversal or continuation pattern.
Buy Signal:
Consider entering a long position when the current candle closes above the high of the identified bullish candle.
The indicator's signals can be used to align your trading decisions with emerging bullish trends.
Advanced Tips:
Confirmation with Other Indicators:
Boost the accuracy of your trades by combining Bullish Candle Highlighter signals with other technical indicators or trend analysis tools.
Risk Management:
Implement sound risk management strategies to protect your capital and optimize your trading performance.
Important Note:
The Bullish Candle Highlighter is a valuable tool, but no indicator guarantees profits. Always conduct thorough analysis and consider multiple factors before making trading decisions.
Disclaimer:
This indicator is provided for educational purposes and is not financial advice. Trading involves risk, and past performance is not indicative of future results.
Feel free to tailor the description to match any specific features or nuances of your indicator. Providing detailed information and usage guidance will help users understand and maximize the benefits of your Bullish Candle Highlighter.
All Candlestick Patterns on Backtest [By MUQWISHI]▋ INTRODUCTION :
The “All Candlestick Patterns on Backtest” indicator generates a table that offers a clear visualization of the historical return percentages for each candlestick pattern strategy over a specified time period. This table serves as an organized resource, serving as a launching point for in-depth research into candle formations. It may help to rectify any misconceptions surrounding candlestick patterns, refine trading approaches, and it could be foundation to make informed decisions in trading journey.
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▋ OVERVIEW:
_______________________
▋ CREDIT:
Credit to public technical “*All Candlestick Patterns*” indicator.
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▋ TABLE:
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▋ CHART:
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▋ INDICATOR SETTINGS:
#Section One: Table Setting
#Section Two: Backtest Setting
(1) Backtest Starting Period.
Note: If the datetime of the first candle on the chart is after the entreated datetime, the calculation will start from the first candle on the chart.
(2) Initial Equity ($).
(3) Leverage: Current Equity x Leverage Value.
(4) Entry Mode:
- “At Close”: Execute entry order as soon as the candle confirmed.
- “Breakout High (Low for Short)”: Stop limit buy order, entry order will be executed as soon as the next candle breakout the high of last pattern’s candle (low for short)
(5) Cancel Entry Within Bars: This option is applicable with {Entry Mode = Breakout High (Low for Short)}, to cancel the Entry Order if it's not executed within certain selected number of bars.
(6) Stoploss Range: the range refers to high of pattern - low of pattern.
(7) Risk:Reward: the calculation of risk:reward range start from entry price level. For example: A pattern triggered with range 10 points, and entry price is 100.
- For 1:1~risk:reward would the stoploss at 90 and takeprofit at 110.
- For 1:3~risk:reward would the stoploss at 90 and takeprofit at 130.
#Section Three: Technical & Candle Patterns
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▋ Comments:
This table was developed for research and educational purposes.
Candlestick patterns are almost similar as seen in “*All Candlestick Patterns*” indicator.
The table results should not be taken as a major concept to build a trading decision.
Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action.
Please let me know if you have any questions.
Thank you.
Market Relative Candle Ratio ComparatorIntroducing the Market Relative Candle Ratio Comparator, a visually captivating script that eases the way you compare two financial assets, such as cryptocurrencies and market indices. Leveraging a distinctive calculation method based on percentage changes and their averages, this tool presents a crystal-clear view of how your chosen assets perform in relation to each other, both for individual candles and over a range of previous candles.
Tailoring the script to your preferences is a walk in the park, as it allows you to easily adjust input symbols, moving average lengths, and other parameters to match your analytical approach. The visually arresting column chart it creates employs vivid red and green colors to underscore the differences between the two assets on each candle. Simultaneously, the lower-opacity columns depict the accumulated differences over a specified lookback period. This vibrant blend of colors and opacities results in a dynamic visual experience, enabling you to better grasp market trends relative to each other.
The reverse bool input is a handy feature that lets you invert the effect of the input symbol (DXY by default) in the comparison. When you set the reverse input to true, the script multiplies the calculated DXY percentage change by -1, effectively reversing the comparison. This is particularly useful when examining assets with an inverse relationship or when you'd like to analyze the input symbol's impact in the opposite direction.
For instance, if the input symbol represents a market index that generally moves in the opposite direction of the selected cryptocurrency, enabling the reverse input will help you better visualize and understand the relationship between the two assets by inverting the input symbol's effect on the comparison.
In the accompanying chart, you can observe the comparison of Bitcoin's movement relative to the Dollar, Gold, Bonds, and the S&P 500. The indicator reveals that in the last day, Bitcoin outperformed Bonds, Gold, and the Dollar but not the S&P 500!
Liquidity Engulfing Candles [upslidedown]Liquidity engulfing candles (LEC) are a variant of a common candlestick pattern: engulfing candles but with a couple extra conditions applied. These conditions expect highs/lows to be taken out in order to show a continuation or reversal signal.
Filter 1: Stop Hunt Wick Filter
This filter requires the candle to wick into the prior candles high or low ( bullish = wick below prior candle lows). This is the stop hunt.
Filter 2: Close Filter
This filter requires the candle to close above or below above the prior candle ( bullish = close above prior candle high). This is the confirmation.
This idea was introduced to me by @attrk632. Thanks, mate!
Price Action CandlesThis simple script provides a visual aid for price action traders by coloring outside & inside candles, which in effect leaves the trader with 6 possible candle colors:
-Regular bullish candle
-Outside bullish candle
-Inside bullish candle
-Regular bearish candle
-Outside bearish candle
-Inside bearish candle
These candlesticks may provide powerful signals when used in conjunction with key levels, market structure and chart patterns.
Make sure to disable the regular candlesticks (body, borders and wicks) in the symbol tab inside the configuration menu!
Hope it can help someone!
Better Heiken-Ashi Candles w/ Expanded Source Types [Loxx]Better Heiken-Ashi Candles w/ Expanded Source Types is an indicator to compare regular candles to traditional Heiken-Ashi candles to "better" Heiken Ashi candles. This indicator and comparison study appears an oscillator. The purpose of this indicator is to demonstrate a better way to calculate HA candles and also to demonstrate expanded source types. This indicator is meant to be used by advanced Pine Coders who wish to add fine-tuning to their indicators and strategies.
What are Heiken Ashi "better" candles?
The "better formula" was proposed in an article/memo by BNP-Paribas (In Warrants & Zertifikate, No. 8, August 2004 (a monthly German magazine published by BNP Paribas, Frankfurt), there is an article by Sebastian Schmidt about further development (smoothing) of Heikin-Ashi chart.)
They proposed to use the following :
(Open+Close)/2+(((Close-Open)/(High-Low))*ABS((Close-Open)/2))
instead of using :
haClose = (O+H+L+C)/4
According to that document the HA representation using their proposed formula is better than the traditional formula.
What are traditional Heiken-Ashi candles?
The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise.
Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data.
What's going on with this indicator?
- First, we have the options to select the candlestick type: Regular, HA, HA Better
- Next, and to demonstrate the expanded source types, I've added a simple moving average. In the drop down for the SMA source you'll notice something very different from the typical TradingView source selector. Here's how to decode the new names for the sources:
Close = close
Open = open
High = high
Low = low
Median = hl2
Typical = hlc3
Weighted = hlcc4
Average = ohlc4
Average Median Body = (open+close)/2
Trend Biased = (see code, too complex to explain here)
Trend Biased (extreme) = (see code, too complex to explain here)
... for HA and HA better, see the same set up as above but with different open and close values to calcualate the other source types
- For the HA better calculations, we run the close value through either an Adaptive, Kaufman, or T3 smoothing filter. The length for these smoothing filters, either 2 or 3, can be found in the code and is a constant value that shouldn't be changed. This smoothing is in inline with what is described in the article mentioned above
- Lastly, I've placed an SMA over the oscillator so that the user can test out the various sources explained above
Included:
- Toggle on/off bar coloring
Supply and Demand - Order Block - Energy CandlesSupply and Demand - Order Block - Energy Candles
Description
An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).
Indicator in use:
Extras:
An option to flip candle colours if current price is above or below them has been added.
Hammer & Shooting Star Candle DetectorHi guys
This script will help you to find Hammer candles and also Shooting star candles.
These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal.
I hope you find it helpful and enjoy it.
Please leave your comments for improving this script.
Candlestick Pattern - All PatternsHi,
Here I have collated all of the in-built TradingView candlestick patterns into one indicator.
It works on all time frames and can be useful for candlestick traders to quickly spot patterns forming on any chart.
It also allows for all individual patterns to be set up as seperate alerts within the same indicator.
Any issues/suggestions/requests let me know.
Enjoy!
Candlestick Signals StrategyThis strategy allows you to pick from 9 different candlestick patterns, and test them against historical data from your chart. You can get a good idea what patterns work best for each chart by turning each pattern on and off in the settings.
<50% Body CandleScript to identify candlesticks with less than 50% body of total high low candlestick. Places a dot inside the candle. Make sure indicator is moved in the top of Objects Tree so the dot will not be hidden behind the candlebar.
Manipulation Candle (RIC) V0.2Interpretation and Trading Use
Boxed Candles: Represent 15-minute periods with unusually high range relative to daily volatility. These may signal:
Market manipulation (e.g., stop hunts or fakeouts).
Breakouts, reversals, or high-impact news.
Entry/exit points in strategies focusing on volatility expansion.
No Boxes: Indicates normal or low-volatility candles (range < threshold).
Multi-Timeframe Analysis: On lower timeframes (e.g., 5-min), boxes encompass multiple bars. On higher (e.g., 1-hour), they highlight specific 15-min segments.
Example: On a volatile stock like TSLA, a 0.2 multiplier might highlight candles during earnings releases, aiding in spotting trading opportunities.
Limitations and Considerations
Drawing Limits: TradingView caps drawing objects at ~500 per script. On long histories, older boxes may not load—zoom in or reduce chart bars.
Data Availability: Requires 15-minute and daily data; may not work on illiquid symbols or non-standard charts (e.g., Renko).
Real-Time Delays: Boxes appear only after 15-min closes; no intra-bar drawing.
No Alerts Built-In: Add custom alerts via TradingView's alert system (e.g., on condition changes).
Performance: Efficient, but on very low timeframes with long history, it may use more resources due to persistent boxes.
Customization: For extensions (e.g., labels, multiple timeframes), modify the code carefully in Pine Script® v6 to avoid errors.
Version History
V0.2: Added persistent historical boxes; refined new candle detection.
Future Updates: Potential additions like box limits or multi-multiplier support. Check for updates in the script comments.
If you encounter issues or need customizations, refer to TradingView's Pine Script® documentation or community forums. For error-free extensions in Pine Script® v6, ensure proper variable scoping, type declarations, and testing on historical data.
S_Sigma HTF Candles (UTC Draw / NY Labels)🕯️ S_Sigma HTF Candles (UTC Draw / NY Labels)
Multi-Timeframe Overlay with Session Labels & Imbalances
S_Sigma HTF Candles is a powerful, non-repainting overlay indicator that allows you to visualize up to 6 different Higher Timeframes (HTF) directly on your current chart.
Designed specifically for traders who need context without switching tabs, this tool draws accurate HTF candles using UTC time (standard for Crypto) while labeling them with New York Timezone data (standard for Stocks/Forex). It also detects Fair Value Gaps (FVG) and Volume Imbalances automatically.
🌟 Key Features
📊 6 Independent HTF Slots
Configure up to 6 different timeframes simultaneously (e.g., 15m, 1H, 4H, 1D, 1W). Each slot is customizable and can be toggled on/off independently.
🌍 UTC Drawing + NY Labels (The "Sigma" Edge)
Drawing: Candles are calculated strictly using UTC time to ensure wicks and bodies match exchange data (perfect for BTC/ETH).
Labels: Day of the Week (Mon/Tue/Wed) and Time labels are converted to America/New_York time. Never get confused by candle closes again.
#HTF Countdown Timer**
See exactly how much time is left until the Higher Timeframe candle closes. Essential for timing entries at the "Candle Close."
📈 Smart Imbalance Detection
FVG (Fair Value Gaps): Automatically highlights 3-candle reversal gaps.
VI (Volume Imbalance): Highlights wicks that pierce previous bodies.
🏗️ Custom Session Starts
Don't like the standard Daily candle? Force the Daily candle to open at 08:30 NY or 09:30 NY (Market Open) instead of Midnight UTC.
⚙️ Customization Options
Visuals: Full control over Bull/Bear colors, borders, wicks, and opacity.
Layout: Adjust padding, width, and spacing between timeframes to prevent overlap.
Trace Lines: Optional lines tracing the Open, High, Low, and Close of the forming HTF candle.
Labels: Toggle HTF names, Timers, and Day-of-Week labels on/off.
💡 How to Use
Add to Chart: The indicator draws candles to the right of the current price (offset) to keep your chart clean.
Check Alignment: Ensure the "Daily Name" matches your expected market session (NY Time).
Spot Entries: Look for price entering an FVG (Gray box) or hitting a HTF Support/Resistance level (Wick of the HTF candle).
Time Entries: Wait for the Timer to hit 00:00 for a confirmed candle close.
Perfect for: Smart Money Concepts (SMC), ICT, Wyckoff, and Multi-Timeframe Analysis.
[AlscapeLabs] HTF Candle Stack (Multi-Timeframe)
Overview
The HTF Candle Stack (Multi-TF) indicator is a powerful visualization tool designed to overlay high-timeframe (HTF) price action directly onto your current chart, independent of the chart's price scale. This gives traders a clear, aligned, and non-overlapping view of simultaneous price movements across customizable timeframes.
By stacking the candles horizontally next to the chart's price action, the indicator allows for quick identification of multi-timeframe correlation, trend confluence, and key levels without switching chart timeframes.
Key Features
6 Independent Stacks: Configure up to 6 separate timeframes (e.g., 5m, 15m, 1H, 4H, Daily, Weekly) to view the complete market fractals from micro to macro.
Price-Aligned Visualization : All HTF candle stacks are perfectly aligned with the main chart's vertical price axis
Replay Mode Safe : Includes dedicated logic to prevent "duplicate candles" during Bar Replay, ensuring accurate backtesting and historical analysis.
Toggleable Stacks : Each stack can be individually enabled or disabled via input settings
Dynamic Spacing : The distance between active stacks is automatically calculated and adjusted based on the visibility of the preceding stack.
Settings Guide
Stack Configuration (1 - 6)
Each of the six stacks has identical controls:
Show/Hide : Enable or disable this specific stack.
Timeframe : The specific HTF to display (e.g., "60" for 1 Hour, "D" for Daily).
[*} Count : How many candles to show in this stack (Current Active Candle + Past Closed Candles). Tip: Use higher counts (10-12) for lower TFs (Stack 1-2) and lower counts (2-4) for higher TFs (Stack 5-6)
Candle Color
Controls global coloring
Bullish / Bearish : Customize the body colors.
Wick : Separate control for wick color and transparency
Layout
Distance from Chart : How far (in bars) to the right the first stack begins
Space between Stacks : The gap (in bars) between each active stack.
Candle Width : The thickness of the HTF candles.
Labels
Displays a time-frame next to the active (live) candle in each stack
Show TF Labels : Enable or disable labels through all stacks
Text Color : Label text color
Background : Label background color
Style : Label position (Left, Down)
Size : Label text size (Tiny, Small, Normal, Large, Huge)
Developed by AlscapeLabs
Multi-Candle Reversal ConfirmationMulti-Candle Reversal Confirmation (MCRC)
This indicator identifies potential price reversals using a 3-candle confirmation pattern. It filters out noise by requiring a significant prior trend before signaling, helping you catch turning points rather than getting trapped in choppy price action.
How It Works
The indicator uses a three-step process to confirm reversals:
Candle 1 (Rejection) - Detects a rejection candle after a sustained move. This includes hammer/shooting star patterns with long wicks, doji candles showing indecision, or stall candles with unusually small bodies.
Candle 2 (Reversal) - Confirms the candle closes in the opposite direction of the prior trend.
Candle 3 (Confirmation) - Validates the reversal by either continuing in the new direction or breaking the high/low of the previous candle.
Key Features
Requires a significant prior trend before looking for reversals (no signals in choppy, sideways markets)
Uses ATR to measure move significance, adapting to current volatility
Marks rejection candles with small circles for early awareness
Confirmed signals shown as triangles with Bull/Bear labels
Built-in alerts for all signal types
Settings
Wick to Body Ratio - How pronounced the rejection wick must be compared to the candle body (default: 2.0)
Doji Threshold - Maximum body size relative to total range to qualify as a doji (default: 0.1)
Trend Lookback - Number of candles to analyze for prior trend detection (default: 5)
Trend Strength - Percentage of lookback candles required in trend direction (default: 0.6 = 60%)
Minimum Move (ATR multiple) - How large the prior move must be before signaling (default: 1.5)
Show Bullish/Bearish - Toggle each signal type on or off
Visual Signals
Small Circle - Marks potential rejection candles (first candle in the pattern)
Green Triangle (Bull) - Confirmed bullish reversal signal
Red Triangle (Bear) - Confirmed bearish reversal signal
Alerts
Three alert options are available:
Bullish Reversal Confirmed
Bearish Reversal Confirmed
Any Reversal Confirmed
How To Set Up Alerts
Add the indicator to your chart
Right-click on the chart and select "Add Alert" (or press Alt+A)
In the Condition dropdown, select "Multi-Candle Reversal Confirmation"
Choose your preferred alert type
Set notification preferences (popup, email, sound, webhook)
Click "Create"
Tips For Best Results
Combine with key support/resistance levels for higher probability trades
Use higher timeframe trend direction as a filter
Adjust Trend Lookback based on your timeframe (higher for longer timeframes)
Increase Minimum Move ATR in volatile conditions to reduce false signals
Signals appearing near VWAP, moving averages, or prior day levels tend to be more reliable
Note: This indicator is for informational purposes only and should not be used as the sole basis for trading decisions. Always use proper risk management and consider combining with other forms of analysis.
Reversal Candlestick Setups (Doji, Outside, Extreme, Wick)Reversal Candlestick Setups – Doji, Outside, Extreme & Wick
This indicator identifies four high-probability reversal candlestick patterns across all timeframes: Doji Reversals, Outside Reversals, Extreme Reversals, and Wick Reversals. Each setup is based on clearly defined quantitative rules, allowing traders to filter noise and focus on strong reversal signals instead of relying on subjective visual interpretation.
The tool automatically scans every candle, highlights qualifying patterns on the chart, and provides alert options for both bullish and bearish versions of all four setups. This makes it suitable for intraday traders, swing traders, and positional traders seeking early reversal confirmation.
Included Setups
1. Doji Reversal Setup
Identifies candles with extremely small bodies relative to their range, combined with a smaller-than-average bar size. Useful for spotting market indecision before a directional shift.
2. Outside Reversal Setup
Flags candles that engulf the previous candle’s high–low range and exceed the average range by a multiplier. This is designed to capture strong momentum reversals driven by aggressive buying or selling.
3. Extreme Reversal Setup
Highlights large-bodied candles that dominate their overall range and exceed twice the average bar size. These signals aim to catch climactic exhaustion and institutional-level reversals.
4. Wick Reversal Setup
Detects candles with long rejection wicks, small bodies, and closes near an extreme of the range, supported by above-average bar size. Ideal for identifying sharp intrabar rejections.
Key Features
• Automatically detects all four reversal setups
• Works on all timeframes and symbols
• Customizable variables for deeper testing and optimization
• Clear bullish and bearish labels directly on the chart
• Fully integrated alert conditions for real-time notifications
• Suitable for crypto, stocks, indices, forex, and commodities
Who This Indicator Is For
• Traders who want objective, rule-based reversal detection
• Price action traders looking to enhance accuracy
• Systematic traders wanting quantifiable candlestick criteria
• Beginners learning reversal structures with visual guidance
• Professionals integrating reversal patterns into algorithmic or discretionary systems
How to Use
Add the indicator to your chart and enable alerts for the specific setups you want to track (e.g., “Bullish Wick Reversal”). Combine these signals with market structure, trend filters, volume analysis, or momentum indicators for increased conviction.
