Recognition principle of the Pin Bar 1. The K-Chart has a long shadow line 2. The length of the long shadow line must be greater than 2/3 of the length of the body 3. The shadow line above the body is bearish Pin Bar; the shadow line below the body is bullish Pin Bar. Pin Bar is just a K-Chart pattern and is only used as a basis for judgment and not as investment...
HorseShoe - At Nalı English HORSEHOE FORMATION It is actually a kind of bobbin. As with the bobbin, the needles of the candles are not taken into account much.The difference is that there are only four candlesticks in this formation. There is no limit to this in the bobbin.In addition, it is important which of the bars forming the bobbin is longer or shorter...
This combines Opening Range of 15 min and Price Action in one script. Crosses are marked on candles for upside and downside. Break of High/Low of cross marked candles gives direction of market.
█ OVERVIEW This indicator will help traders identify the recent high and low of the current trend so we know where we are in the trend. If recent high/low broken it could be that the trend is changing. This indicator is based on price action. █ HOW IT WORKS Basically, a trend is when the prices move up and down in a stair-step fashion. In an uptrend, The...
FX Sessions - All In One This Script offer a wide variety of goodies SESSION OPEN it will draw a line for the TOP, MID and LOW of the asian session (you can adjust the hours of the session) It will draw a line for the TOP and LOW of the London Session (you can adjust the hours of the session) It will draw a line for the TOP and LOW of the NY Session (you...
Auto Price Action - Volume Price and Spread - Multi Time Frame Volume Price and Spread script generates important support and resistance levels basis activity happening in price, volume and candle spread. The basic idea has been taken from concepts of VSA which underlies that weakness appears in uptrend and strength in downtrend. Script will try to find candles...
Auto Price Action - Volume Price and Spread script generates important support and resistance levels basis activity happening in price, volume and candle spread. The basic idea has been taken from concepts of VSA which underlies that weakness appears in uptrend and strength in downtrend. Script will try to find candles which have volume higher then average and...
inside bar breakouts and reversal moves. version 1. use however u like it I cannot guarantee profitability :)
First, you have to know price action, RTM price action Handbook could help you this indicator shows you base and momentum candles base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones. Base candles are white in the chart, and you can place your order at the good...
This is replica of the STC Price Action Script & is created for demo purpose only. Few features of original script may not be available in Demo Script. How this works: This Indicator looks to identify patterns which shows high movement area which may have occurred due to big orders at that time. It helps to Identify Price Action Zones where we may anticipate...
How this works: This Indicator looks to identify patterns which shows high movement area which may have occurred due to big orders at that time. It helps to Identify Price Action Zones where we may anticipate some reverse move. These Zones & Moves are helpful for Traders. Buying Zone is below current Market Price. It indicates Price Action area where Buyers...
The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements. Overview of features: Optional stop-loss Optional flags to control the position entry Optional flags to control the position exit Built-in backtesting engine with start balance, position size and pyramiding; each year will be...
The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements. Overview of features: Optional stop-loss Optional flags to control the position entry Optional flags to control the position exit Built-in backtesting engine with start balance, position size and pyramiding Inputs for a...
HULLK AUTOBOT • Long entry positions • Profit targets • Stop loss targets Description The Fast Signal Line is an extremely fast and smooth moving average indicator, designed to eliminate the lag typically associated with traditional moving average indicators. When the price is trending upward the Fast Signal Line is colored light grey then turns...
This is a simple and fun indicator I built out of boredom one night. It's great for a quick laugh, but other than that, it's useless. It simply displays emotes for various thresholds of change in price between the open and close of a candle. For example, unicorn candles are any candles that gain 25% or more from opening price to closing price.
An interesting implementation of mine to measure an asset changes based on asset price velocity and volume velocity. The indicator acts as asset value calculator. Long and Short. ==Points System Rules== UPTRENDING If Current Close is higher than previous Close and Current Volume is bigger than previous Volume: Adds Close Points and Volume Points Otherwise...
To appreciate dear Mr.Khakestar efforts I have converted his mt4 ATR formula to pine script. All credits go to him. you can view the ATR result of each candle in the past: The first black number is the ATR of the M1 chart. The second black number is the ATR of the M5chart. The third black number is the ATR of the M15 chart. The fourth black number is the ATR of...
In the book, The New Technical Trader by Tushar Chande and Stanley Kroll there is a part that talks about candlestick analysis and how the wicks play a role on how the price will behave. When wick lengths increase then there could be uncertainty. Weakening of support and resistance levels can also be seen by the size of the candlestick wicks or shadows. Shoutouts...