Classic Candlestick on Range ChartHello traders!
This is my first script to share with everyone! As of right now the range candles on Tradingview are lacking the option to see range charts using the classic candlesticks. This script allows you to overlay a regular candlestick or heikin-ashi candlestick on a range chart!! Unfortunately, the only bar that cannot be a candlestick is the current bar. Once that bar has completed its range then it will update to a regular candlestick.
Install / Use instructions!
-For the best visual appearance it is important to set the transparency of up bars and down bars to 0. This setting is found in the main chart settings under SYMBOL. However, if you want to see the current unfinished range bar you need to set the "projection up bars" and "projection down bars" to the color you prefer.
-To change the colors of the candlesticks is found under the indicator settings like any other script!
חפש סקריפטים עבור "candle"
Candle Height in Percentage - ColumnsThis indicator calculates the difference in percentage between lows and highs of a candle. The orange bars show the height of the candle body (open/close) and the red/green on top show the percentage of the wicks (high/low). This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto. It also shows the Simple Moving Average of this data with the blue line.
NSDT Special High-Low CandlesThis is an interesting take on candlesticks. These special High-Low Candles do not show the Open and Close levels, so there are no wicks. However, you still see the the High and Low of the entire candle, giving you the full range.
Since this is an indicator, be sure to hide the chart candles to avoid overlap. Or choose offsetting colors to see the traditional candles under the indicator candles.
CFR - Candle Formation RatioDescription
This indicator is designed to detect candles with small bodies and significant wick-to-body ratios, often useful for identifying doji-like structures and potential accumulation areas.
Features
Filter candles by maximum body size (% of the total candle range).
Require that wicks are at least X times larger than the body.
Define the position of the body within the candle (e.g., body must be between 40% and 60% of the candle height).
Visual output: a single arrow marker when conditions are met.
Fully customizable marker color and size.
⚠️ Note: The settings of this version are currently in Turkish. An English version of the settings will be released in the future.
Liquidity Sweep Candlestick Pattern with MA Filter📌 Liquidity Sweep Candlestick Pattern with MA Filter
This custom indicator detects liquidity sweep candlestick patterns—price action events where the market briefly breaks a previous candle’s high or low to trap traders—paired with optional filters such as moving averages, color change candles, and strictness rules for better signal accuracy.
🔍 What is a Liquidity Sweep?
A liquidity sweep occurs when the price briefly breaks the high or low of a previous candle and then reverses direction. These events often occur around key support/resistance zones and are used by institutional traders to trap retail positions before moving the price in the intended direction.
🟢 Bullish Liquidity Sweep Criteria
The current candle is bullish (closes above its open).
The low of the current candle breaks the low of the previous candle.
The candle closes above the previous candle’s open.
Optionally, in Strict mode, it must also close above the previous candle’s high.
Optionally, it can be filtered to only show if the candle changed color from the previous one (e.g., red to green).
Can be filtered to only show when the price is above or below a moving average (if MA filter is enabled).
🔴 Bearish Liquidity Sweep Criteria
The current candle is bearish (closes below its open).
The high of the current candle breaks the high of the previous candle.
The candle closes below the previous candle’s open.
Optionally, in Strict mode, it must also close below the previous candle’s low.
Optionally, it can be filtered to only show if the candle changed color from the previous one (e.g., green to red).
Can be filtered to only show when the price is above or below a moving average (if MA filter is enabled).
⚙️ Features & Customization
✅ Signal Strictness
Choose between:
Less Strict (default): Basic wick break and close conditions.
Strict: Must close beyond the wick of the previous candle.
✅ Color Change Candles Only
Enable this to only show patterns when the candle color changes (e.g., from red to green or green to red). Helps filter fake-outs.
✅ Moving Average Filter (optional)
Supports several types of MAs: SMA, EMA, WMA, VWMA, RMA, HMA
Choose whether signals should only appear above or below the selected moving average.
✅ Custom Visuals
Show short (BS) or full (Bull Sweep / Bear Sweep) labels
Plot triangles or arrows to represent bullish and bearish sweeps
Customize label and shape colors
Optionally show/hide the moving average line
✅ Alerts
Includes alert options for:
Bullish sweep
Bearish sweep
Any sweep
📈 How to Use
Add the indicator to your chart.
Configure the strictness, color change, or MA filters based on your strategy.
Observe signals where price is likely to reverse after taking out liquidity.
Use with key support/resistance levels, order blocks, or volume zones for confluence.
⚠️ Note
This tool is for educational and strategy-building purposes. Always confirm signals with other indicators, context, and sound risk management.
Vector Candles [v6 Optimized + EMA]
Vector Candles represent an innovative technical analysis approach that transforms traditional candlestick charting by integrating volume dynamics, color-coded momentum, and multi-dimensional market insights. Unlike standard candlesticks that merely display price movement, Vector Candles encode additional market information through sophisticated color and volume algorithms.
Key Features:
-Dynamic Volume-Based Coloring: Candles change color based on trading volume intensity
-Volume Categories:
High Volume (Lime/Red): Significant market activity (200%+- Vol of Previous 10 Candles)
Above Average Volume (Blue/Fuchsia): Moderate market momentum (150%+- Vol of Previous 10 Candles).
Normal Volume (Gray Scales): Standard market conditions.
Stopping Volume Candles - Typically Pinbar/Doji candles. Stops volume in the current direction of delivery & can help forecast impending reversals or end to the current trend.
-Integrated EMA (Exponential Moving Average) Option:
-Customizable EMA Length (Default: 50 periods) (I use 33)
Configurable EMA Source (e.g., close price)
Optional EMA Overlay for Trend Confirmation
Big Candles FilterHow It Works
A candle is considered "big" only if its body (distance from open to close) exceeds the barHeight value.
** NOT calculated by Range !!!
Features :
Bullish candles (close > open) are marked with a green "Buy" triangle if the body is large enough.
Bearish candles (close < open) are marked with a red "Sell" triangle if the body is large enough.
The bars are colored for big candles, and optional labels show the open and close prices.
HTF Candle Volume Thermometer [ChartPrime]The HTF Candle Volume Thermometer is a powerful volume heatmap tool that visualizes higher timeframe candle volume distributions directly on the chart. It helps traders identify key price levels where liquidity is concentrated, allowing for more informed trading decisions.
⯁ KEY FEATURES
Higher Timeframe Volume Mapping
Uses higher timeframe (HTF) candles to create a heatmap of volume distribution within each candle.
Dynamic Volume Heatmap
Colors each HTF candle background green for bullish and red for bearish, with a gradient heat overlay highlighting volume concentration.
Max Volume Point Identification
Marks the level within each HTF candle where the highest volume was recorded, using red for the most significant volume area.
Fully Customizable Display
Users can adjust the HTF timeframe, color settings, and resolution to tailor the indicator to their trading preferences.
Segmented Volume Distribution
Each HTF candle is divided into smaller levels, allowing traders to see volume changes within the range of each candle.
Key Level Detection
Max volume points often act as key support and resistance levels where price is likely to react, helping traders refine their strategies.
⯁ HOW TO USE
Identify Liquidity Zones
Use the max volume levels to determine areas where price is likely to find support or resistance.
Assess Trend Strength
Compare volume distribution between bullish and bearish HTF candles to gauge market momentum.
Optimize Trade Entries & Exits
Look for price reactions at high-volume areas to refine stop-loss and take-profit levels.
Adjust Heatmap Resolution
Customize the resolution setting to get a more detailed or broader view of volume segmentation within HTF candles.
⯁ CONCLUSION
The HTF Candle Volume Thermometer is a must-have tool for traders who want to integrate volume analysis with higher timeframe structures. By visualizing volume heatmaps within each HTF candle, this indicator helps traders pinpoint critical liquidity zones and key price levels.
Change Candle Color When 5 EMA Not ConnectedThis custom TradingView indicator changes the color of candlesticks to yellow whenever the 5-period Exponential Moving Average (EMA) is not "connected" to the current candle.
How It Works:
The 5 EMA is calculated based on the closing prices of the last 5 candles.
A candle is considered "not connected" to the EMA if:
The high and low of the current candle are both either above or below the 5 EMA, implying a significant deviation from the EMA.
When this condition is met, the candle color is changed to yellow to highlight this disconnection.
The default behavior of the script is to not display the 5 EMA line, keeping the chart uncluttered while focusing on the candlestick colors.
Usage:
This indicator is useful for scalping or short-term trading strategies, as it helps identify when the price has moved significantly away from the 5 EMA. A yellow candle could signal potential overextension or a possible reversal if the price is far from the EMA. Traders can use this as part of their risk management or entry/exit decision-making process.
Customization:
The indicator doesn't display the 5 EMA line, but you can modify the script to show it if needed by uncommenting the plot(ema5) line.
You can adjust the period of the EMA by modifying the ema5 period in the code, though the default setting is 5 periods.
Fibonacci Candlestick - AYNETHow It Works
Inputs:
ltf_timeframe: Specify the timeframe for candlestick data (e.g., 1H, 4H).
Fibonacci Levels:
Toggle Fibonacci level visibility (show_fib_levels).
Customize Fibonacci line color (fib_color) and width (fib_width).
Candlestick Data:
Fetches open, high, low, and close prices for the specified timeframe using request.security.
Fibonacci Levels:
Calculates standard Fibonacci retracement levels (0.0, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) for each candle's high-low range.
Draws horizontal lines for each level using line.new.
Candlestick Visualization:
Plots lower timeframe candles with customizable bullish and bearish colors.
Key Features
Dynamic Fibonacci Levels:
Fibonacci levels are recalculated for each candlestick's high-low range.
Levels update dynamically with new candles.
Candlestick Overlay:
Visualizes candlestick data from the specified timeframe directly on the current chart.
Customizable Appearance:
Configure colors for Fibonacci levels, candlestick bodies, and wicks.
Use Cases
Microstructure Analysis:
Analyze individual candlesticks with their Fibonacci retracements for potential support/resistance zones.
Multi-Timeframe Trading:
Overlay candlestick and Fibonacci data from a lower timeframe onto a higher timeframe chart.
Let me know if you'd like further enhancements or explanations! 😊
Candle Body Support/Resistance [LuxAlgo]The Candle Body Support/Resistance indicator is a tool that provides Support/Resistance levels from high-volatility candles, a concept originally described by Steve Nison in "Beyond Candlesticks".
Users can define the candle body percentage used to set the detected support/resistance levels. Occurrences of price testing the returned levels are highlighted using user-customizable dots.
🔶 USAGE
Support/Resistance levels are drawn from volatile candles, that is candles having a body (range between opening and closing price) whose magnitude is larger than the Volatility Threshold , which is determined by the multiplicative factor of an ATR (Average True Range) using a user set length.
The level starts from the opening price +/- a percentage of the open-close range. Users can adjust the percentage of the candle body used as support/resistance levels respectively, with higher percentage values returning levels prone to get reached sooner by the price.
A test is considered valid when a wick passes through the Support/Resistance level while the closing price is not breaking it.
Two modes are included, Trailing and Historical , both affecting the displayed elements of the indicator, these are described in the sub-section below.
🔹 Historical
The Historical Mode will draw a separate line from every Volatile Candle . When this line is tested, a dot will be drawn.
In the above example, the red resistance line was tested once until a bullish volatile candle formed, which closed just below the resistance level. The resistance level was tested again, after which the newly created support level was broken quickly, and the price decreased. These levels proved helpful later, acting as resistance/support levels (illustrated by the extra manually drawn dashed white lines).
To prevent cluttering Support/Resistance , lines will be deleted when the line is mitigated and hasn't been tested.
When a Support/Resistance line reaches its Maximum Line Length , it will also be deleted when it has not been tested.
🔹 Trailing
When a new volatile candle of the same type (bullish/bearish) appears while the Support/Resistance isn't broken, this line will be updated with the values of the new volatile candle. This creates a trailing line and a less cluttered chart.
Unlike the Historical mode , a line will not be deleted after a while or when it is mitigated. Instead, the line won't be updated anymore. A new line will start from the next found volatile candle.
Using the same situation as the Historical Mode example, we can note the future significance of old support/resistance levels (illustrated by the extra manually drawn dashed white lines).
The user can switch between these 2 modes, each offering a unique perspective on the market. This provides a more in-depth examination of the market, enhancing the user's trading analysis.
Using a copy of our indicator while using both modes can also be helpful.
🔶 DETAILS
The Support level is the opening price of a bullish volatile candle plus a user-set percentage of the candle's body, while the Resistance level is the opening price of a bearish volatile candle minus a percentage of the candle's body.
The following example illustrates the ATR with the multiplicative factor (Volatility Threshold) where the body of Volatile candles exceeds the ATR limits. Changing the Volatility Threshold and ATR length gives users extra flexibility to adjust to their needs.
🔹 Max Line Length
When using the Historical Mode and the duration of a displayed level reaches the user-set Max Line Length value, the level will return to the last test or be deleted when it has not been tested.
🔶 SETTINGS
Display Mode: Display mode of the indicator.
Support %: Sets the distance of the Support Line from the opening price relative to the candle body.
Resistance %: Sets the distance of the Resistance Line from the opening price relative to the candle body.
🔹 Filter
Length ATR: Amount of bars for the calculation of the Average True Range.
Volatility Threshold: multiplicative factor of ATR.
Max Line Length: Maximum allowed duration/length (in bars) of a Support/Resistance level.
Gradient Candles
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 the unique color gradient and dynamic visual representation that this indicator brings to chart analysis.
Designed to elevate chart analysis, Gradient Candles not only offer a fresh perspective on price movements but also captivate users with their visually appealing representation of market dynamics. Departing from traditional candlestick coloration, the dynamic adaptation of colors, the 'color.from_gradient()' function plays a pivotal role in translating the current source value into a color that reflects its proximity to the highest and lowest values and corresponding colors. Beyond its analytical capabilities, Gradient Candles transform market analysis into an aesthetically enriching experience, providing traders with a unique and comprehensive tool for their technical analysis toolkit.
Traders can tailor the indicator's appearance to suit their preferences and seamlessly integrate it into their personal trading environment. From color inversion to transparency adjustments and the option to fill candles instead of outlining them, the customization features empower users to create a visual representation that aligns precisely with their unique preferences.
Probability of Candle Close Higher Than OpenThe "Probability of Candle Close Higher Than Open" indicator is designed to help traders assess the likelihood of a given candle closing higher than its open based on the previous candle's price action. It does this by calculating a probability score between 0 and 1 and displaying it on the chart, along with a horizontal line representing a user-defined probability threshold.
The indicator uses three input variables to determine the probability score:
lookback_period: This input defines the number of previous candles to consider when calculating the probability. By default, it is set to 2, meaning the indicator considers the previous two candles.
prev_high and prev_low: These variables are calculated using the highest() and lowest() functions, respectively, and represent the highest high and lowest low of the previous lookback_period candles.
prev_body: This variable calculates the absolute value of the difference between the open and close prices of the previous candle.
The probability score is then calculated based on the following conditions:
If the current candle's open price is higher than the previous lookback_period candles' highest high, the probability score is set to 0.1 (indicating a low probability of the candle closing higher than its open).
If the current candle's open price is lower than the previous lookback_period candles' lowest low, the probability score is set to 0.9 (indicating a high probability of the candle closing higher than its open).
If neither of the above conditions apply, the probability score is calculated using the following formula:
If the previous candle closed higher than its open, the probability score is set to 0.5 plus half of the previous candle's body (i.e., the absolute difference between its open and close prices).
If the previous candle closed lower than its open, the probability score is set to 0.1 plus half of the previous candle's body.
If the previous candle closed at the same price as its open, the probability score is set to 0.1.
Finally, the indicator plots the probability score as a label on the chart and a horizontal line representing the probability threshold.
Disclaimer:
Trading involves significant risk and is not suitable for all investors. The "Probability of Candle Close Higher Than Open" indicator is for informational purposes only and should not be used as the sole basis for making trading decisions. Always conduct your own research and due diligence before entering any trades. No guarantee or warranty is given as to the accuracy or completeness of the information provided by this indicator, and any reliance on this information is at your own risk. Past performance is not necessarily indicative of future results. Trading with margin carries the risk of losing more than your initial investment. Only trade with risk capital that you can afford to lose.
50% candlestick closeThis indicator is useful at important level, when you want to see some bullish or bearish signs in candlestick.
At your important support level you can buy, if candlestick close is above 50% of its range, with low of this candlestick as SL.
At your important resistance level you can sell, if candlestick close is below 50% of its range, with high of this candlestick as SL.
Detect BOS in Five Candles with MTF - Alert [MsF]Japanese below / 日本語説明は英文の後にあります。
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*This indicator is based on azmathshah's "Last Three Candles each of Two HTF".
It's a very cool indicator. thank you.
You can detect trend reversal with candlesticks.
It's MTF compatible and can display up to 2 sets of 5 candles of any time frame on the right side of the chart.
By displaying the candles of the upper time frame bars, you can check the trend change and measure the entry timing with the lower time frame bars.
There are two types of alerts.
"Liquidity Sweep": This is an alert when the upper beard (high) of ③ is touched with the next foot.
"Candle Close": An alert when the upper whisker (high) of ③ is exceeded by the closing price of the next bar (generally a strong signal)
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ローソク足でトレンド転換を検知するインジケーターです。
MTF対応となっておりチャートの右側に任意タイムフレームのローソク5本を最大2セット表示できます。
上位足のローソクを表示することにより、トレンド転換確認しながら、下位足でエントリータイミングを計ることができます。
アラートは2種類あります。
"Liquidity Sweep"：③の上ヒゲ（high）を次の足でタッチした場合のアラートです
"Candle Close"：③の上ヒゲ（high）を次の足の終値で上回った場合のアラートです（一般的には強力なシグナルとなります）
Breakout Candles + RSIHello!
This is my firt script :)
This indicator looks for candles that are significantly larger than the previous X candle.
It is possible to set the following:
Multiplier: deviation from the size of the previous X candle (if set to 3 the size of the actual candle's body /abs(open - close)/ must be larger than the size of the bigger candle from the prevous X candles)
Previous candles: the number of previous candles to size check
Upper RSI limit: if the RSI14 close higher than the specified number, the candle will ignore
Lower RSI limit: if the RSI14 close lower than the specified number, the candle will ignore
Without dojis: if checked, watches candles only that do not have a bottom spike (bullish) or top spike (bearish). Useful for Heikin-Ashi candles
Feel free to left any suggestion!
Thank You!
Rally Candle (End Game ) 26/04/2022 Few Months ago I started wanted to code a candle which alerts me when a Rally may be over in Bearish Conditions and today I have created a candle which is 1. subjective but more importantly appears in areas where buying pressure is at either a climax or in the process of a decline and this is where the Rally Candle signals. This shows momentum may be shifting and these can provide some good entries.
They will only working when price is below the 200ema and in overextended markets - VERY IMPORTANT!!!
Works on all timeframe with HTF providing more price percentage than LTF
They aren’t a specific candle size however they will repaint when we see 4 higher close candles followed by a candle which has closed lower than the previous 4th.
//Candle Conditions
This candle has to be in a swing high area to be valid and on 1H and 6H but the 1H will repaint a lot of candles so when we have a point system of +20 we can assume this setup is a good setup.
//Candle Operators
You can change the color of the bar to your liking
There is a ema filter so if you want to candle to not show candles of the 50ema this operator will do the command.
Please post requests and any potential implementations I could port to pine script.
Hope you Enjoy :)
Volume Filtered *All Candlestick Patterns* [KT] Hello!
This script uses TradingView's *All Candlestick Patterns* indicator and includes a volume filter.
The frequency of each candlestick pattern is recorded in addition to the subsequent session's outcome - higher or lower close.
The requisite volume for the pattern is configurable; formations will not be distinguished when volume is less than the defined lower threshold.
For example, setting the volume threshold to 10% forces the script to identify candlestick patterns in which volume for the session (candle) is 10% greater than the volume moving average. All candlestick patterns with volume less than (1.10 * volume MA) are discounted.
The script counts the frequency of each pattern - the number of times the pattern occurred - in addition to the next candle's outcome.
Pertinent statistics are displayed in the table, which can be hidden.
I plan on working on the script quite a bit more; please comment a suggestion if you have one! What else should be included?
IU Three Line Strike Candlestick PatternIU Three Line Strike Candlestick Pattern
This indicator identifies the Three Line Strike candlestick pattern — a rare yet powerful 4-bar reversal setup that captures exhaustion and momentum shifts at the end of strong trends.
Pattern Logic:
The Three Line Strike is a 4-candle pattern that typically signals a sharp reversal after a sustained directional move. This script detects both bullish and bearish variations using strict criteria to ensure accuracy.
Bullish Three Line Strike:
* Previous three candles must be bearish (red)
* Each of these candles must close progressively lower (indicating a strong downtrend)
* The current candle must:
* Be bullish (green)
* Open below the prior close
* Completely engulf the previous three candles by closing above the first candle's open
* And make a higher high than the last 3 bars — confirming a strong reversal
* Once confirmed, a green shaded box is drawn around the 4-bar zone to highlight the pattern
Bearish Three Line Strike:
* Previous three candles must be bullish (green)
* Each must close progressively higher (indicating a strong uptrend)
* The current candle must:
* Be bearish (red)
* Open above the prior close
* Completely engulf the prior three candles by closing below the first candle's open
* And make a lower low than the last 3 bars — confirming downside strength
* A red shaded box is plotted around the 4-bar formation to emphasize the reversal zone
Why this is unique:
Most candlestick tools focus on 1–2 bar patterns. The Three Line Strike goes a step further by combining trend exhaustion (3 same-colored candles) with a full reversal engulfing candle. This pattern is both rare and highly expressive of sentiment shift, making it a standout signal for discretionary and algorithmic traders alike.
How users can benefit:
* High-probability setups: Filters out weak signals using multi-bar confirmation logic
* Clear visual cues: Dynamic shaded boxes and labels make spotting reversals effortless
* Cross-timeframe compatible: Works on intraday and higher timeframes across all markets
* Real-time alerts: Get notified instantly when a bullish or bearish setup forms
This indicator is a valuable addition for traders who want to capture key reversals backed by strong multi-bar price action logic. Whether you are a price action purist or a pattern-based strategist, the IU Three Line Strike gives you a reliable edge.
Disclaimer:
This script is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always do your own research and consult with a licensed financial advisor before making trading decisions.
Engulfing Candle with Streaks and CountIdentifies Engulfing Candles + The Number of Consecutive Signals + Identifies 3rd/4th Consecutive Signals + Keeps Count of Most Recent Number of Signals as Decided by User.
- Have coded in the latest version 6
- This script allows the tracking of engulfing candles over a user defined amount of time (candles).
- The script will signal every engulfing candle and its consecutive corresponding number across the entire chart.
- The Engulfing Count box in the bottom right counts how many bullish and bearish engulfing candles have occurred over the number decided by the user.
- The Engulfing Signal that prints is triggered when an opposite next candle prints and the body is over 100% larger than the previous candle. It does not need to "fully engulf" the previous candle, the coding has an allowance for an "equal to and greater/smaller than" the previous close price. This allows for signals were the open of the engulfing candle can be equal to the close of the previous opposite, however the engulfing still must reach an over 100% sizing of the previous to print a signal.
- Where a piercing candle occurs and the open price is within the body of the previous candle, this will void the equation and no matter how big the candle is, it will not trigger an engulfing signal as I was only looking for true engulfing candles.
- The script keeps count of the same consecutive signals no matter the timeframe.
- It will print the consecutive number above or below the signal (depending if bullish or bearish).
- To assist with trend identification the 3rd consecutive signal will print blue, and the 4th consecutive signal will print yellow (or I prefer to use the term "Gold"). This can help filter out the noise on lower timeframes to assist to see where the momentum is going, or if there are signals going against the trend to try trick traders.
- Back testing I found the 3rd and 4th signals are uncommon on higher timeframes and tend to act as fake-outs before the trend reverses.
- Overall a good tool to add to your trend analysis, either for additional confluence or to assist with reversal identification.
- Colors are set as default, but everything can be changed by the user as I didn't want to limit its possibilities.
*** Please note that this script does not take into any consideration candle wicks. Although it can be used with Heikin Ashi it is somewhat unreliable. This indicator is designed to be used with standard candles only ***
RSI Candles with EMA byAuncleJoeThe Relative Strength Index (RSI) is one of the most widely used momentum indicators in trading. It helps traders assess whether an asset is overbought or oversold by measuring the speed and magnitude of recent price changes. Traditionally, RSI is displayed as a single line oscillating between 0 and 100, but this representation can sometimes make it difficult to spot trends, reversals, and momentum shifts effectively.
To enhance RSI visualization and usability, the RSI Candles with EMA indicator transforms the RSI values into candlestick charts, providing a more intuitive and dynamic way to analyze momentum. Unlike the traditional RSI line, this approach allows traders to observe RSI trends just as they would analyze price charts, making it easier to detect changes in momentum and trend strength.
Each RSI candle represents a specific period’s momentum activity. Green candles indicate that the RSI closed higher than it opened, signaling bullish momentum, while red candles suggest that the RSI closed lower than it opened, indicating bearish sentiment. This candlestick-style visualization helps traders spot RSI trends, breakouts, and reversals more effectively than a simple line chart.
To further refine momentum analysis, this indicator also includes an Exponential Moving Average (EMA) of RSI. The EMA smooths RSI fluctuations and provides a clearer trend direction. When RSI candles remain above the EMA, it suggests strong buying momentum, whereas RSI candles falling below the EMA indicate increasing selling pressure. This combination of RSI candlesticks and an EMA line allows traders to better identify shifts in market sentiment and potential trend reversals.
Additionally, the indicator includes customizable overbought and oversold levels (defaulted at 70 and 30, respectively). These levels help traders recognize when an asset might be overextended in either direction, potentially signaling an upcoming reversal. When RSI candles approach or cross these thresholds, traders can anticipate possible changes in market direction.
This indicator is particularly useful for a wide range of traders. Scalpers and day traders can leverage it to quickly identify short-term momentum shifts, while swing traders can use it to detect potential reversals in multi-day trends. Trend-following traders can confirm bullish or bearish trends based on RSI’s position relative to its EMA, and mean reversion traders can use it to spot extreme conditions where price action might snap back.
By combining RSI candlesticks with an EMA filter, this indicator provides a more dynamic and visually intuitive approach to momentum trading. It offers clearer trend signals, better reversal detection, and enhanced decision-making, making it an essential tool for traders who rely on RSI-based strategies.
RSI/Stochastic With Real Time Candle OverlayThis indicator provides an alternative way to visualize either RSI or Stochastic values by representing them as candle bars in real time, allowing a more detailed view of momentum shifts within each bar. By default, it displays the standard historical plot of the chosen oscillator in the background, but once you are receiving real-time data (or if you keep your chart open through the close), it begins overlaying candles that track the oscillator’s intrabar movements. These candles only exist for as long as the chart remains open; if you refresh or load the chart anew, there is no stored candle history, although the standard RSI or Stochastic line is still fully retained. These candles offer insight into short-term fluctuations that are otherwise hidden when viewing a single line for RSI or Stochastic.
In the settings, there is an option to switch between standard candlesticks and Heiken Ashi. When Heiken Ashi is selected, the indicator uses the Heiken Ashi close once it updates in real time, producing a smoothed view of intrabar price movement for the oscillator. This can help identify trends in RSI or Stochastic by making it easier to spot subtle changes in direction, though some may prefer the unmodified values that come from using regular candles. The combination of these candle styles with an oscillator’s output offers flexibility for different analytical preferences.
Traders who use RSI or Stochastic often focus on entry and exit signals derived from crossing certain thresholds, but they are usually limited to a single reading per bar. With this tool, it becomes possible to watch how the oscillator’s value evolves within the bar itself, which can be especially useful for shorter timeframes or for those who prefer a more granular look at momentum shifts. The visual separation between bullish and bearish candle bodies within the indicator can highlight sudden reversals or confirm ongoing trends in the oscillator, aiding in more precise decision-making. Because the candle overlay is cleared as soon as the bar closes, the chart remains uncluttered when scrolling through historical data, ensuring that only the necessary real-time candle information is displayed.
Overall, this indicator is intended for users who wish to track intrabar changes in RSI or Stochastic, with the added choice of standard or Heiken Ashi candle representation. The real-time candle overlay clarifies short-lived fluctuations, while the standard line plots maintain the usual clarity of past data. This approach can be beneficial for those who want deeper insights into how oscillator values develop in real time, without permanently altering the simplicity of the chart’s historical view.
BullDozz MA-CandlesticksBullDozz MA-Candlesticks 🏗️📊
The BullDozz MA-Candlesticks indicator transforms traditional candlesticks by replacing their Open, High, Low, and Close values with various types of Moving Averages (MAs). This helps traders visualize market trends with smoother price action, reducing noise and enhancing decision-making.
🔹 Features:
✅ Choose from multiple MA types: SMA, EMA, WMA, DEMA, TEMA, LSMA
✅ Customizable MA period for flexibility
✅ Candlestick colors based on trend: Green for bullish, Red for bearish
✅ Works on any market and timeframe
This indicator is perfect for traders who want a clearer perspective on price movement using moving average-based candlesticks. 🚀 Try it now and refine your market analysis! 📈🔥
