Next Candle Predictor

Next Candle Predictor for TradingView
This Pine Script indicator helps predict potential price movements for the next candle based on historical price action patterns. It analyzes recent candles' characteristics including body size, wick length, and volume to calculate a directional bias.
Key Features

Analyzes recent price action to predict next candle direction (Bullish, Bearish, or Neutral)
Visual indicators include small directional arrows and a prediction line
Customizable sensitivity and lookback period
Works best on lower timeframes for short-term price action trading
Displays clear prediction labels that extend into future bars

How It Works
The script analyzes recent candles by examining:

Candle body size (weighted by your preference)
Wick length (weighted by your preference)
Volume activity (weighted by your preference)

These factors combine to create a directional strength indicator that determines if the next candle is likely to be bullish, bearish, or neutral.
Visual Feedback

Green up arrows indicate bullish predictions
Red down arrows indicate bearish predictions
A directional line extends from the last candle showing predicted price movement
A label displays the prediction text at the end of the line
Information table in the top right displays the current prediction

Settings

Lookback Candle Count: Number of historical candles to analyze (2-20)
Wick/Body/Volume Weight Factors: Adjust importance of each component
Prediction Sensitivity: Threshold for triggering directional bias
Prediction Line Length: How far the prediction line extends

Perfect for day traders and scalpers looking for an edge in short-term directional bias.