Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum.
Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points.
The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions.
🔶Key Features
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison.
Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction.
Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions.
Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest.
Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior.
Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments.
SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA.
SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200.
Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation.
Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification.
Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences.
🔶 Interpreting Indicator
Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum.
Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern.
Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest.
Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure.
Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Impulse
Candle Patterns with Volume ValidationHey Guys !
█ This indicator shows validated Hammer and Shooting Star candle patterns based on volume.
This indicator identifies Hammer and Shooting Star patterns and validates them using volume analysis.
Hammer and Shooting Star patterns are candlestick patterns that signal potential reversals in the market.
█ Usages:
A hammer is formed when in a session, the price has fallen, only to reverse and recover to close back near the opening price. This is a sign of strength with the selling having been absorbed in sufficient strength for the buyers to overwhelm the sellers, allowing the market to recover. The hammer is so called as it is ‘hammering out a bottom’, and just like the shooting star, is immensely powerful when combined with Volume Price Analysis (VPA).
The shooting star is a bearish reversal pattern that appears at the top of uptrends. It signifies that prices have peaked and a downward reversal is likely. The presence of high volume strengthens this signal, indicating that the insiders are offloading their positions.
When combined with volume analysis, these patterns become powerful signals. The volume provides context to the price action, helping traders confirm the validity of the pattern. For example, a hammer with high volume suggests strong buying interest, whereas a shooting star with high volume indicates strong selling pressure.
█ Features:
• Detects Hammer and Shooting Star patterns.
• Validates patterns with volume thresholds.
• Color codes patterns based on volume validation.
• Allows customization of volume thresholds and pattern criteria.
• Option to show or hide signals.
█ Parameters:
• Volume Average Period: The period used to calculate the average volume.
• Higher Volume Multiplier: Multiplier to define higher volume threshold.
• Much Higher Volume Multiplier: Multiplier to define much higher volume threshold.
• Enormous Volume Multiplier: Multiplier to define enormous volume threshold.
• Body/Shadow Ratio for Hammer and Shooting Star: Ratio of body to shadow for pattern validation.
• Upper Shadow Limit for Hammer: Upper shadow limit for Hammer pattern.
• Lower Shadow Limit for Shooting Star: Lower shadow limit for Shooting Star pattern.
• Show Hammer Signals: Display signals for Hammer patterns.
• Show Shooting Star Signals: Display signals for Shooting Star patterns.
Enjoy !
Impulse MACD buy OwlPixelDescription:
The Impulse MACD Buy Indicator, developed by OwlPixel, is a powerful trading tool for traders using TradingView's Pine Script version 5. This indicator aims to provide valuable insights for identifying potential buy signals in the market using the popular MACD (Moving Average Convergence Divergence) oscillator.
Key Features:
MACD Analysis: The indicator displays the MACD line (blue) and the signal line (orange) on the chart, helping traders assess the momentum and trend direction of an asset.
Impulse Histo: The Impulse Histo (blue histogram) visualizes the difference between the MACD line and the signal line, making it easier to spot changes in market strength and potential trend reversals.
Impulse MACD CD Signal: This histogram (maroon color) highlights the divergence between the Impulse Histo and the signal line, providing further insights into trend shifts.
Background Boxes: The indicator features three rows of different colored background boxes that represent distinct market conditions - an uptrend (light green), a downtrend (light red), and a neutral trend (light yellow).
Crossover Points: Buy signals are marked with green circles when the MACD line crosses above the signal line, suggesting potential entry points for long positions.
Demand and Supply Bars: The demand (lime/green) and supply (red/orange) bars are intensified, aiding traders in identifying possible reversal areas.
Stop Loss and Take Profit:
The Impulse MACD Buy Indicator automatically calculates Stop Loss (SL) and Take Profit (TP) levels for buy signals. The SL level is set at the highest of the last three candles, while the TP level is determined by a user-defined percentage of the closing price. This information helps traders manage risk and optimize their profit potential.
Usage:
Apply the Impulse MACD Buy Indicator to your TradingView chart by copying the provided Pine Script into the Pine Editor.
Configure the input parameters, such as the MA Length and Signal Length, to suit your trading preferences.
Observe the MACD line, signal line, and histograms to gain insights into market momentum and trends.
Identify buy signals when the MACD line crosses above the signal line, signaled by green circles.
Utilize the provided Stop Loss and Take Profit levels for risk management and exit strategies.
Please note that this indicator is for informational purposes only and should be used in conjunction with other analysis techniques to make well-informed trading decisions. Happy trading!
Bears Bulls Impulse█ OVERVIEW
Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators.
█ CONCEPTS
Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the Bears Bulls Power indicator. Quoting from Admiral Markets, "Bulls Power measures the capability of buyers in the market to lift prices above an average consensus of value. Bears Power measures the capability of sellers to drag prices below an average consensus of value. Using them in tandem with a trend measure allows you to identify favorable entry points."
█ HOW TO USE IT
As soon as the color changes, it indicates a change in the price direction and divergences. Green buy, red sell? Not that simple, but following that pattern for scalping may result in some good entries. Following this indicator blindly will not be accurate as using another indicator to filter the signals in favor of a major trend (that indicator could be another Bears Bulls Inpulse from a higher time frame)
Filter impulse & step responsesA simple utility tool to examine a filter's step & impulse responses.
By default you can see LSMA's responses.
How to use:
1. Insert your filter to "f(input)" function inside the code;
2. Let this tool help you to make your own filters.
I been seeing people dropping snaps with this stuff but NEVER, NO1 actually dropped the tool itself (4 real?).
Well here is it, for you.
Almost forgot, adjust "Position" parameter to make plots seen. Try to zoom out, and +-100
Impulse levelsThe indicator detects impulses based on an increase in ATR and volume, and also plots levels based on these impulses.
Unleash Elder Force on Your ChartI had searched for a proper indicator to recognize important impulses, so I just need to take a look at the indicator to quickly find them on the chart. Alexander Elder's Force is the answer, although I made a few changes to the design.
First, I found more accuracy using Hull Moving Average. It steers faster making sudden spikes even more visible. Second, it is faster to catch up and therefore ready for another impulse to measure.
The second change is to the visual presentation of the Elder Force. Columns look prettier and there needs to be a manually set value that gives regular sideways moves a border beside which it is likely to be either an institutional interference or a trend.
Furthermore, you can plot (minus) Elder Force in the indicator window too. This should be used to compare upside and downside thrusts with each other.
I don't use nor intend to use Elder Force as a buy/sell indicator. The point is to highlight certain price-action moments that I will then review and consider an entry after. I believe most indicators should be used like that.
:)
PRIME IMPULSE W/ 3MAThis indicator bundle, combined with PRIME-QUARTERS, provides a trader with everything needed, on chart, to make swing and scalper entries. The short candle SMA are used to execute immediate entries, while the larger candle tf indicate Continuation, trend changes and swing points. The color coded impulse indicator used both RSI and TSI variables to determine divergences and the probability of the impending impulse thereafter. Red and green within the candles indicate bull or bearish impulses, while the yellow bars signal decreased volume and momentum for the current impulse, indicating the possible end of trend and either retracement, or Reversal. $auceCamp
Consolidation Ranges [kingthies] Consolidation Range Analysis
Published by Eric Thies, January 2021
█ Indicator Summary
This tool calculates, analyzes and plots the visualization of a relative range over a given period of time
By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter
The default period is 30, and should be adjusted to users preference
The default input is the current close price, on the chosen timeframe of the chart
█ Script Source
//
//@version=4
//© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
study("Consolidation Ranges ", shorttitle="CR ", overlay=true)
// !<------ User Inputs ----->
src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100),
// !<---- Declarations & Calculations ---- >
trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA)
trndUp := src < nz(trndUp ) and src > trndDwn ? nz(trndUp ) : high, trndDwn := src < nz(trndUp ) and src > trndDwn ? nz(trndDwn ) : low, mid := avg(trndUp, trndDwn)
// !< ---- Plotting ----->
highRange = plot(trndUp == nz(trndUp ) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range")
lowRange = plot(trndDwn == nz(trndDwn ) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range")
xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false)
fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70)
//
Impulse Guage Indicator for HA CandlesThis script uses Heikin Ashi candles to smooth out the candles, then counts how many consecutive candles in a row are the same colour (red or green). It then takes each count and multiples it by the difference between close and open, to provide a weighted movement.
Where larger moves create greater impulses.
ATR with Impulse AlertsThis is a very simple script which simply plots an ATR (the built-in ATR function, using RMA) and plots a cross when the previously closed bar is larger than the ATR by a given threshold. There are also alert conditions set so you can be alerted when these impulse bars show up, either up or down bars. Have fun and safe trading!
[RS][UCS]Murrey's Math Oscillator ModificationExperimental:
modifications includes 2 extra channel types to read volatility's range.
this is a update and modification to the Murrey's Math Lines Oscillator published by UCSgears here:
Elder Impulse SnapshotNASDAQ:AMZN
I've always been intrigued by the Elder Impulse System but found it labour intensive with its flipping back and forth between daily and weekly charts. I also wasn't fond of the way it repainted the candlesticks. So I set out to build a version where you could get every trade signal filtered down in one chart and still see the real price action.
This article provides a decent overview of the original system: www.investopedia.com
Elder Impulse Snapshot uses two EMAs and two MACDs, one of each to process both the daily and weekly data. The daily data gets an EMA of 13 periods and the standard MACD settings. For the weekly info, the EMA is set to 65 periods and all the MACD values are also multiplied by five (60, 130, 45). Buy signals are generated when both EMAs and both MACD histograms are rising. When all four of these elements are falling, sell signals are generated. If any of the indicators disagree, no signal is generated and entering any trade is not advised.
The blue and red arrows are the buy and sell signals. From my reading, it appears Dr. Elder recommended exiting the trade as soon as the system no longer generated a signal, though the case could be made for taking partial profit and moving up your stop loss to ride the trend out longer provided you haven't been stopped out yet.
Elder's Impulse System with weekly EMA Filter - ValenteThis indicator was based on the Elders Impulse System by astraloverflow.
The only difference is that I included the weekly EMA26 as a filter and you can plot it on the graph if you want (unchecking the Weekly EMA26 won't turn the filter off, will only stop plotting it).
The indicator works this way:
When the MACD Histogram is growing UP, the EMA13 is pointing UP AND the Weekly EMA26 is pointing UP, the bar is Green
When the opposite is true, the bar is Red.
When any condition from both green and red is not true, the bar is blue.
In my opinion, this particular indicator works better on the D1 time frame. I recommended using the original one, by astraloverflow for other time frames.
I hope it is useful!
TKP-True Relative MovementThis script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the parameters of TSI or RSI to preference. Also embedded in the script is the ability to add exponential moving average filter for additional conditions if you have some know how with coding.
Range Force Impulse The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price
-- TR (gray) shows the current period's trading volatility
-- ATR (Impulse colors, see below) shows an EMA of TR over a specified length
-- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR)
Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals
-- Shows bull vs. bear interest/commitment/dominance
-- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals
-- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow)
System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you)
-- Shows overall trend health (Macd histogram and EMA up/down changes)
Impulse BF 🚀Thanks to rasantos for the idea for this strategy.
The 2 lines are based on the sum number of impulses for x bars back. So total "up impulses" is the sum of the bars where price closed higher, and vice versa for "down impulses". The strategy is simple - a long signal is generated when the total up impulses exceeds the total down impulses. A short signal is generated when total down impulses exceeds total up impulses.
I included a rate of change function to filter out some of the sideways action, denoted by a white background.
I included the option of a stop loss since it may be useful for some settings but the default is 100% which will not be triggered. If we get stopped out and we still have the conditions for our position on candle close, we re-enter.
INSTRUCTIONS
Bright Green = go long
Bright Red = go short
Green = we have conditions for a long
Red = we have conditions for a short
White = no trade
NB: the length parameters are set to 18 by default. The higher this number, the more long term this strategy becomes. So for a macro trader, a setting of 84 would provide a small number of trades per year.
MACD Zero lag impulse systemThis version of impulse uses the double exponential moving average instead of the typical ema.
The impulse system :
The Impulse System combines two simple but powerful indicators.
One measures market inertia, the other its momentum. When both
point in the same direction, they identify an impulse worth following.
We get an entry signal when both indicators get in gear.
The Impulse System uses an exponential moving average to find
uptrends and downtrends. When the EMA rises, it shows that inertia
favors the bulls. When EMA falls, inertia works for the bears. The sec-
ond component is MACD-Histogram, an oscillator whose slope reflects
changes of power among bulls or bears. When MACD-Histogram rises,
it shows that bulls are becoming stronger. When it falls, it shows that
bears are growing stronger.
The Impulse System flags those bars where both the inertia and the
momentum point in the same direction. When both the EMA and
MACD-Histogram rise, they show that bulls are roaring and the uptrend
is accelerating.
ENVELOPE BOLLINGER KELTN IMPULSE EMA SMA SAFEZONE SAR CHANDELIERALL THIS ALL IN ONE!
there are many options to check or uncheck to show only the tool that you need at that particular moment.
ENJOY!
ENVELOPE BOLLINGER KELTNER IMPULSE EMA SMA SAFEZONE SAR CHANDELIER
Elder impulse releaseThe purpose of Impulse Release is to prevent trading in the wrong direction. While the Impulse System operates in a single timeframe, Impulse Release is based on two timeframes. It tracks both the longer and the shorter timeframes to find when the Impulse points in the same direction on both.
Its color bar flashes several signals:
If one timeframe is in a buy mode and the other in a sell mode, the signal is "No Trade Allowed", a red bar.
If both are neutral, then any trades are allowed, showing a blue bar.
When one is bullish while the other is either bullish or neutral, there is a green bar, allowing traders to buy and prohibiting shorting.
When one is bearish while the other is either bearish or neutral, a red bar signals that shorts are permitted, while long trades are not allowed.
Please check Dr Elders books available on amazon they are a great buy and a nice to read.
Elder's Impulse SystemSimilar indicators already published have modifications with respect to Elder's theory. This indicator fulfills literally what is described in the New Trading For A Living.
Impulses-1Lines "Total Up Impulses" and "Total Down Impulses" are the sum of impulses in the last n periods (Length).
line 1 => "Total Up Impulses": the sum of up impulses.
line 2 => "Total Down Impulses": the sum of down impulses.
When line 1 crosses up line 2, it indicates an uptrend is comming out.
When line 1 crosses down line 2, it indicates a downtrend is comming out.
