Indecisive and Explosive CandlesThe Explosive & Base Candle with Gaps Identifier is an indicator designed to enhance your market analysis by identifying critical candle types and gaps in price action. This tool aids traders in pinpointing zones of significant buyer-seller interaction and potential institutional activity, providing valuable insights for strategic trading decisions.
Main Features:
Base Candle Identification: This feature detects Base candles, also known as indecisive candles, within the price action. A Base candle is characterized by a body (the difference between the close and open prices) that is less than or equal to 50% of its total range (the difference between the high and low prices). These candles mark zones where buyers and sellers are evenly matched, highlighting areas of potential support and resistance.
Explosive Candle Identification: The indicator identifies Explosive candles, which are indicative of strong market moves often driven by institutional activity. An Explosive candle is defined by a body that is greater than 70% of its total range. Recognizing these candles helps traders spot significant momentum and potential breakout points.
Supply and Demand Zone Identification: Both Base and Explosive candles are essential for identifying supply and demand zones within the price action. These zones are crucial for traders to place their trades based on the likelihood of price reversals or continuations.
Gap Detection: The indicator also detects gaps, defined as the difference between the close price of one candle and the open price of the next. Gaps are significant because prices often return to these levels to "fill the gap," providing opportunities for traders to predict price movements and place strategic trades.
Visual Markings and Alerts: The indicator visually marks Base and Explosive candles as well as gaps directly on the chart, making them easily identifiable at a glance. Traders can also set customizable alerts to notify them when these key candle types and gaps appear, ensuring they never miss an important trading opportunity.
Customizable Settings: Tailor the indicator’s settings to match your trading style and preferences. Adjust the criteria for Base and Explosive candles, as well as how gaps are detected and displayed, to suit your specific analysis needs.
How to Use:
Add the Indicator: Apply the Explosive & Base Candle with Gaps Identifier to your TradingView chart.
Analyze Identified Zones: Observe the marked Base and Explosive candles and gaps to identify key areas of support, resistance, and potential price reversals or continuations.
Set Alerts: Customize and set alerts for the detection of Base candles, Explosive candles, and gaps to stay informed of critical market movements in real-time.
Integrate with Your Strategy: Use the insights provided by the indicator to enhance your existing trading strategy, improving your entry and exit points based on the identified supply and demand zones.
The Explosive & Base Candle with Gaps Identifier is an invaluable tool for traders aiming to refine their market analysis and make more informed trading decisions. By identifying critical areas of price action, this indicator supports traders in navigating the complexities of the financial markets with greater precision and confidence.
חפש סקריפטים עבור "chart"
Bitcoin Wave RainbowThis Bitcoin Wave Rainbow model is a powerful tool designed to help traders of all levels understand and navigate the Bitcoin market. It works only with BTC in any timeframe, but better looks in dayly or weekly timeframes. It provides valuable insights into historical price behavior and offers forecasts for the next decade, making it an essential asset for both short-term and long-term strategies.
How the Model Works
The model is built on a logarithmic trend, also known as a power law, represented by the green line on the chart. This line illustrates the expected price trajectory of Bitcoin over time. The model also incorporates a range of price fluctuations around this trend, represented by colored bands.
The width of these bands narrows over time, indicating that the model becomes increasingly accurate as it progresses. This is due to the exponential decrease in the range of price fluctuations, making the model a reliable tool for predicting future price movements.
Understanding the Zones
Blue Zone: This zone signifies that the price is below its trend, making it a recommended area for buying Bitcoin. It represents a level where the price is unlikely to fall further, providing a potential opportunity for accumulation.
Green Zone: This zone represents a fair price range, where the price is relatively close to its trend. In this zone, the price may continue to go up or down, depending on the halving season. ransiting up around any halving and transiting down around 2 years after each halving.
Yellow Zone: This zone indicates that the price is somewhat overheated, often due to the hype following a halving event. While there may still be room for the price to rise, traders should exercise caution in this zone, as a price correction could occur.
Red Zone: This zone represents a strong overbought condition, where the price is significantly above its trend. Traders should be extremely cautious in this zone and consider reducing their positions, as the price is likely to revert back towards the trend or even lower.
Using the Model in Your Trading Strategy
This indicator can be used in conjunction with the Bitcoin Wave Model, which complements it by showing harmonic price fluctuations associated with halving events. Together, these indicators provide a comprehensive view of the Bitcoin market, allowing traders to make informed decisions based on both historical data and future projections.
Benefits for Traders
This Bitcoin price model offers numerous benefits for traders, including:
Clear Visualization: The model provides a clear and concise visual representation of Bitcoin's price behavior, making it easy to understand and interpret.
Accurate Forecasting: The model's accuracy increases over time, providing reliable forecasts for future price movements.
Risk Management: The model helps traders identify overbought and oversold conditions, allowing them to manage their risk more effectively.
Strategic Decision-Making: By understanding the different zones and their implications, traders can make more informed decisions about when to buy, sell, or hold Bitcoin.
By incorporating this Bitcoin price model into your trading strategy, you can gain a deeper understanding of the market dynamics and improve your chances of success.
Expansion Candles by Alex EntrepreneurHey people! Thanks for using Expansion Candles. I designed this tool to help me identify price runs (expansions) based on consecutive bullish or bearish candle closes and then trade continuations on the lower timeframes. Here's what makes it awesome:
How Does It Work?
An “expansion” is confirmed after multiple closes above the previous candle’s high (in the bull case) or below the previous candle’s low (in the bear case) while also having a higher candle low than the previous candle (in the bull case) or having lower candle high that the previous candle (in the bear case). After an expansion is confirmed, then the indicator will be displayed on the next candle.
You can set the number of required candle closes that confirm an “expansion” by increasing or decreasing the "Required Candles For Valid Expansion" setting.
An expansion will continue until an “invalidation” event occurs this will cause the indicator to stop displaying.
This “invalidation” can either be a lower candle low than the previous candle (in the bull case) and a higher candle high than the previous candle (in the bear case), or a close below the previous candle’s low (in the bull case) or a close above the previous candle’s high (in the bear case).
You can choose whether you want to use candle highs and lows as invalidation or candle closes as invalidation by changing the “Invalidation Type” setting to either “Wick” or “Candle Close”.
Key Features
Price Run Detection : Identify when price is expanding through consecutive bullish or bearish candle closes. You can chose whether a wick or opposite candle close finishes the run.
Timeframe Selection : Select your preferred timeframe for expansion candles and then view the indicator on lower timeframes for precise continuation entries.
Custom Display Options : Tailor the way expansions are shown on your chart. Choose your bullish and bearish colours and then display expansions as coloured candles, background colours, boxes, or arrows.
Sensitivity Adjustment : Adjust the indicator's sensitivity by changing the number of "Required Candles For Valid Expansion" to suit your analysis.
Set Alerts : Detect new bullish or bearish expansions in your favourite instruments with customisable alerts.
Best,
Alex Entrepreneur
ICT Immediate Rebalance Toolkit [LuxAlgo]The ICT Immediate Rebalance Toolkit is a comprehensive suite of tools crafted to aid traders in pinpointing crucial trading zones and patterns within the market.
The ICT Immediate Rebalance, although frequently overlooked, emerges as one of ICT's most influential concepts, particularly when considered within a specific context. The toolkit integrates commonly used price action tools to be utilized in conjunction with the Immediate Rebalance patterns, enriching the capacity to discern context for improved trading decisions.
The ICT Immediate Rebalance Toolkit encompasses the following Price Action components:
ICT Immediate Rebalance
Buyside/Sellside Liquidity
Order Blocks & Breaker Blocks
Liquidity Voids
ICT Macros
🔶 USAGE
🔹 ICT Immediate Rebalance
What is an Immediate Rebalance?
Immediate rebalances, a concept taught by ICT, hold significant importance in decision-making. To comprehend the concept of immediate rebalance, it's essential to grasp the notion of the fair value gap. A fair value gap arises from market inefficiencies or imbalances, whereas an immediate rebalance leaves no gap, no inefficiencies, or no imbalances that the price would need to return to.
Rule of Thumb
After an immediate rebalance, the expectation is for two extension candles to follow; otherwise, the immediate rebalance is considered failed. It's important to highlight that both failed and successful immediate rebalances, when considered within a context, are significant signatures in trading.
Immediate rebalances can occur anywhere and in any timeframe.
🔹 Buyside/Sellside Liquidity
In the context of Inner Circle Trader's teachings, liquidity primarily refers to the presence of stop losses or pending orders, that indicate concentrations of buy or sell orders at specific price levels. Institutional traders, like banks and large financial entities, frequently aim for these liquidity levels or pools to accumulate or distribute their positions.
Buyside liquidity denotes a chart level where short sellers typically position their stops, while Sellside liquidity indicates a level where long-biased traders usually place their stops. These zones often serve as support or resistance levels, presenting potential trading opportunities.
The presentation applied here is the multi-timeframe version of our previously published Buyside-Sellside-Liquidity script.
🔹 Order Blocks & Breaker Blocks
Order Blocks and Breaker Blocks hold significant importance in technical analysis and play a crucial role in shaping market behavior.
Order blocks are fundamental elements of price action analysis used by traders to identify key levels in the market where significant buying or selling activity has occurred. These blocks represent areas on a price chart where institutional traders, banks, or large market participants have placed substantial buy or sell orders, leading to a temporary imbalance in supply and demand.
Breaker blocks, also known as liquidity clusters or pools, complement order blocks by identifying zones where liquidity is concentrated on the price chart. These areas, formed from mitigated order blocks, often act as significant barriers to price movement, potentially leading to price stalls or reversals in the future.
🔹 Liquidity Voids
Liquidity voids are sudden price changes when the price jumps from one level to another. Liquidity voids will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers.
Here is our previously released Liquidity-Voids script.
🔹 ICT Macros
In the context of ICT's teachings, a macro is a small program or set of instructions that unfolds within an algorithm, which influences price movements in the market. These macros operate at specific times and can be related to price runs from one level to another or certain market behaviors during specific time intervals. They help traders anticipate market movements and potential setups during specific time intervals.
Here is our previously released ICT-Macros script.
🔶 SETTINGS
🔹 Immediate Rebalances
Immediate Rebalances: toggles the visibility of the detected immediate rebalance patterns.
Bullish, and Bearish Immediate Rebalances: color customization options.
Wicks 75%, %50, and %25: color customization options of the wick price levels for the detected immediate rebalance.
Ignore Price Gaps: ignores price gaps during calculation.
Confirmation (Bars): specifies the number of bars required to confirm the validation of the detected immediate rebalance.
Immediate Rebalance Icon: allows customization of the size of the icon used to represent the immediate rebalance.
🔹 Buyside/Sellside Liquidity
Buyside/Sellside Liquidity: toggles the visibility of the buy-side/sell-side liquidity levels.
Timeframe: this option is to identify liquidity levels from higher timeframes. If a timeframe lower than the chart's timeframe is selected, calculations will be based on the chart's timeframe.
Detection Length: lookback period used for the detection.
Margin: sets margin/sensitivity for the liquidity levels.
Buyside/Sellside Liquidity Color: color customization option for buy-side/sell-side liquidity levels.
Visible Liquidity Levels: allows customization of the visible buy-side/sell-side liquidity levels.
🔹 Order Blocks & Breaker Blocks
Order Blocks: toggles the visibility of the order blocks.
Breaker Blocks: toggles the visibility of the breaker blocks.
Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
Mitigation Price: allows users to select between the closing price or the wick of the candle.
Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
Order Blocks: Bullish, Bearish Color: color customization option for order blocks.
Breaker Blocks: Bullish, Bearish Color: color customization option for breaker blocks.
Visible Order & Breaker Blocks: allows customization of the visible order & breaker blocks.
Show Order Blocks & Breaker Blocks Labels: toggles the visibility of the order blocks & breaker blocks labels.
🔹 Liquidity Voids
Liquidity Voids: toggles the visibility of the liquidity voids.
Liquidity Voids Width Filter: filtering threshold while detecting liquidity voids.
Ignore Price Gaps: ignores price gaps during calculation.
Remove Mitigated Liquidity Voids: remove mitigated liquidity voids.
Bullish, Bearish, and Mitigated Liquidity Voids: color customization option..
Liquidity Void Labels: toggles the visibility of the liquidity voids labels.
🔹 ICT Macros
London and New York (AM, Launch, and PM): toggles the visibility of specific macros, allowing users to customize macro colors.
Macro Top/Bottom Lines, Extend: toggles the visibility of the macro's pivot high/low lines and allows users to extend the pivot lines.
Macro Mean Line: toggles the visibility of the macro's mean (average) line.
Macro Labels: toggles the visibility of the macro labels, allowing customization of the label size.
🔶 RELATED SCRIPTS
ICT-Killzones-Toolkit
Smart-Money-Concepts
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Reversal Candlestick Structure [LuxAlgo]The Reversal Candlestick Structure indicator detects multiple candlestick patterns occurring when trends are most likely to experience a reversal in real-time. The reversal detection method includes various settings allowing users to adjust the reversal detection algorithm more precisely.
A dashboard showing the percentage of patterns detected as reversals is also included.
🔶 USAGE
Candlestick patterns are ubiquitous to technical analysts, allowing them to detect trend continuations, reversals, and indecision.
The proposed tool effectively detects reversals by using the confluence between candlestick patterns and a reversal detection method based on the stochastic oscillator, acting as a filter for the patterns. If a candlestick pattern occurs while conditions suggest a potential reversal then the pattern is highlighted.
The displayed candle coloring allows users to observe the reversal detection method, with colored candles indicating potential reversals.
Users wanting to detect longer-term reversals can use a higher "Trend Length" setting, this can however lead to an increased amount of displayed candlestick patterns.
To prevent false positives users also have control over a "Threshold" setting in a range between (0, 100), with values closer to 100 preventing candlesticks from being detected at the start of trends.
The "Warmup Length" serves a similar purpose, and aims to prevent sudden moves to be classified as reversals. Higher values of this setting will require trends to be established for a longer period of time for reversal conditions to be detected.
🔹 Dashboard
To evaluate the role of individual candlestick patterns as potential reversal signals relative to the proposed reversal detection method, a dashboard displaying the percentage of candlestick patterns displayed (that occur when a potential reversal is detected) over the total amount detected.
Hovering on the dashboard cells of the "Reversal %" column allows displaying the total amount of patterns detected.
🔶 CANDLESTICKS PATTERNS
This tool detects 16 popular candlestick patterns, each listed in the sub-sections below.
🔹 Bullish Patterns
Hammer - A bullish reversal pattern that forms after a decline, characterized by a small body at the upper end of the trading range and a long lower shadow.
Inverted Hammer - A bullish reversal pattern that forms after a downtrend, featuring a small body at the lower end of the trading range and a long upper shadow.
Bullish Engulfing - A bullish reversal pattern where a small bearish candlestick is followed by a larger bullish candlestick that completely engulfs the previous candle.
Rising 3 - A bullish continuation pattern that consists of a long bullish candlestick followed by three smaller bearish candlesticks and then another long bullish candlestick.
3 White Soldiers - A bullish reversal pattern consisting of three consecutive long bullish candlesticks, each opening within the previous candle's body and closing higher.
Morning Star - A bullish reversal pattern made up of three candlesticks: a long bearish candlestick, followed by a short candlestick, and then a long bullish candlestick.
Bullish Harami - A bullish reversal pattern where a small bullish candlestick is completely within a previous larger bearish candlestick.
Tweezer Bottom - A bullish reversal pattern identified by an initial bullish candle, followed by a bearish candle, both having equal lows.
🔹 Bearish Patterns
Hanging Man - A bearish reversal pattern that forms after an uptrend, characterized by a small body at the upper end of the trading range and a long lower shadow.
Shooting Star - A bearish reversal pattern that forms after an uptrend, featuring a small body at the lower end of the trading range and a long upper shadow.
Bearish Engulfing - A bearish reversal pattern where a small bullish candlestick is followed by a larger bearish candlestick that completely engulfs the previous candle.
Falling 3 - A bearish continuation pattern that consists of a long bearish candlestick followed by three smaller bullish candlesticks and then another long bearish candlestick.
3 Black Crows - A bearish reversal pattern consisting of three consecutive long bearish candlesticks, each opening within the previous candle's body and closing lower.
Evening Star - A bearish reversal pattern made up of three candlesticks: a long bullish candlestick, followed by a short candlestick, and then a long bearish candlestick.
Bearish Harami - A bearish reversal pattern where a small bearish candlestick is completely within a previous larger bullish candlestick.
Tweezer Top - A bearish reversal pattern is identified by an initial bullish candle, followed by a bearish candle, both having equal highs."
🔶 SETTINGS
🔹 Patterns
Group including toggles for each of the supported candlestick patterns. Enabled toggles will allow detection of the associated candlestick pattern.
🔹 Reversal Detection
Trend Length: Determines the sensitivity of the reversal detection method to shorter-term variation, with higher values returning a detection method more sensitive to longer-term trends.
Threshold: Determines how easy it is for the reversal detection method to consider a trend at an extreme point.
Warmup Length: Warmup period in the reversal detection method, longer values will require a longer-term trend to detect potential reversals.
🔹 Style
Color Candles: Enable candle coloring on the user chart based on the reversal detection method.
Use Gradient: Use a gradient as candle coloring.
Label Size: Size of the labels displaying the detected candlesticks patterns.
🔹 Dashboard
Show Dashboard: Display the dashboard on the user chart when enabled.
Location: Dashboard location on the user chart.
Size: Size of the displayed dashboard.
Candle Price MovementThis Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart.
- **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price.
- **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars) and negative values indicating downward movement (red bars).
- **Options**:
- The histogram bars are colored blue with zero opacity, providing a clear visual distinction from the background.
- A horizontal line at zero (the "Zero Line") is added for reference, helping to identify periods of no price movement.
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This indicator provides traders with a quick visualization of the price movement for each candlestick, helping to identify trends and potential trading opportunities.
Untested Levels Dynamic Timeframes**WORKS BEST ON 30M TIMEFRAME**
This indicator, titled "Untested Levels with Timeframes" is designed to identify and visualize price levels within different timeframes that have not been tested recently. Here's a breakdown of its benefits and usage:
Identifying Untested Price Levels: The indicator helps traders identify support and resistance levels that haven't been tested for a specified period within different timeframes. This can be valuable because untested levels may represent potential areas where price could reverse or encounter significant movement.
Customizable Timeframes: The indicator allows users to specify different timeframes (e.g., 30 minutes, 1 hour, 4 hours, daily) for analyzing untested levels. This flexibility enables traders to adapt the tool to their trading style and preferences.
Visual Representation: Untested levels are plotted on the chart as rays extending to the right. This visual representation makes it easy for traders to identify and assess these levels at a glance, enhancing their chart analysis process.
Dynamic Management: The indicator dynamically manages untested and tested levels over time, ensuring that traders focus on the most relevant price levels within each timeframe. This feature helps prevent clutter on the chart and maintains the indicator's effectiveness.
Potential Trading Opportunities: By identifying untested levels, traders may uncover potential trading opportunities, such as entering trades near untested support or resistance levels or waiting for confirmation of a breakout or reversal at these levels.
Risk Management: Understanding untested levels can also assist in risk management by providing traders with additional context when setting stop-loss levels or determining the risk-reward ratio for a trade.
Overall, this indicator can be a valuable tool for traders seeking to enhance their technical analysis and identify potential trading opportunities based on untested price levels across different timeframes. However, like any trading tool, it's essential to combine it with other analysis techniques and thoroughly backtest it to assess its effectiveness within your trading strategy.
Support and Resistance Polynomial Regressions | Flux ChartsOverview
This script is a dynamic form of support and resistance. Support and resistance plots areas where price commonly reverses its direction or “pivots”. A resistance line for instance is typically found by locating a price point where multiple high pivots occur. A high pivot is where a price increases for a number of bars then decreases for a number of bars creating a local maximum. This script takes the high pivots points but rather than using a horizontal line a polynomial regressed line is used.
It is common to see consecutive higher highs or lower lows or a mixed pattern of both so a classical support or resistance line can be insufficient. This script lets users find a polynomial of best fit for high pivots and low pivots creating a resistance and support line respectively.
Here are the same two sets of high and low pivots the first using linear regressed support and resistance lines the second using quadratic.
Here are the predicted results:
The Quadratic regression gives a much more accurate prediction of future pivot areas and the increase in variance of the data.
Quick Start
Add the script to the chart. Then select a left point and right point on the chart. This will be the data the script uses to calculate a best fit resistance line. Then select another left and right point that will be for the support line.
Now you can confirm your basic settings like the type of regression: Linear Regression, Quadratic Regression, Cubic Regression or Custom Regression.
After confirming the lines will be plotted on the graph.
Custom Polynomial Regression Setting
Polynomials follow the form:
The degree of a polynomial is the highest exponent in the equation. For example the polynomial ax^2 + bx + c has a degree of 2.
Here are the default polynomial options and their equivalent custom polynomial entry:
This allows us to create regressions with a custom number of inflection points. An inflection point is a point where the graph changes from concave up to concave down or vice versa. The maximum number of inflection points a polynomial can have is the degree - 2. Having multiple inflection points in our regression allows for having a closer fit minimizing error.
It should be noted that having a closer fit is not inherently better; this can cause overfitting. Overfitting is when a model is too closely fit to the training data and not generalizable to the population data.
Smart Money Setup 06 [TradingFinder] Liquidity Sweeps + OB Swing🔵 Introduction
Smart Money, managed by large investors, injects significant capital into financial markets by entering real capital markets.
Capital entering the market by this group of individuals is called smart money. Traders can profit from financial markets by following such individuals.
Therefore, smart money can be considered one of the effective methods for analyzing financial markets.
Sometimes, before a market movement, fluctuation movements that create price movement cause many traders' "Stop Loss" to be triggered. These movements are created in various patterns.
One of these patterns is similar to an "Expanding Triangle", which touches the stop loss of individuals who have placed their stop loss in the cash area in the form of 5 consecutive openings.
To better understand this setup, pay attention to the images below.
Bullish Setup Details :
Bearish Setup Details :
🔵 How to Use
After adding the indicator to the chart, wait for trading opportunities to appear. By changing the "Time Frame" and "Pivot Period", you can see different trading positions.
In general, the smaller the "Time Frame" and "Pivot Period", the more likely trading opportunities will appear.
Bullish Setup Details on Chart :
Bearish Setup Details on Chart :
🔵 Settings
You have access to "Pivot Period", "Order Block Refine", and "Refine Mode" through settings.
By changing the "Pivot Period", you can change the range of zigzag that identifies the setup.
Through "Order Block Refine", you can specify whether you want to refine the width of the order blocks or not. It is set to "On" by default.
Through "Refine Mode", you can specify how to improve order blocks.
If you are "risk-averse", you should set it to "Defensive" mode because in this mode, the width of the order blocks decreases, the number of your trades decreases, and the "reward-to-risk ratio "increases.
If you are on the opposite side and are "risk-taker", you can set it to "Aggressive" mode. In this mode, the width of the order blocks increases, and the likelihood of losing positions decreases.
Profitable L 1800 Candle Highlight [Beta]
Certainly! Here's a user guide for the provided Pine Script code:
User Guide: 1800 Candle Highlight Indicator
Overview:
The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color.
Key Features:
Candle Highlighting: The indicator identifies the candle that opens at 18:00 and visually distinguishes it from other candles on the chart.
Open and Close Prices: The indicator plots the open and close prices of the 18:00 candle as step lines, making it easy to identify price movements during that timeframe.
Background Color: It colors the background within the 18:00 candle's timeframe with a transparent blue shade, providing further emphasis on that period.
Start Marker: A downward triangle shape marks the start of the 18:00 candle, aiding in identifying the beginning of the highlighted timeframe.
Usage:
Overlay: The indicator is designed to be overlaid on the price chart, allowing users to visualize the highlighted candle alongside price movements.
Interpretation: Traders can observe the open and close prices of the 18:00 candle relative to previous and subsequent candles, aiding in analysis and decision-making.
Timeframe Focus: The highlighted candle's timeframe can serve as a reference point for analyzing price action during specific hours, such as the end of a trading day.
Installation:
Access: Users can access the Pine Script editor within the TradingView platform to create a new indicator.
Copy and Paste: Copy the provided Pine Script code and paste it into the editor.
Save and Apply: Save the indicator and apply it to the desired chart, adjusting settings as needed.
Customization:
Color Scheme: Users can customize the colors used for highlighting, open/close prices, and background to suit their preferences and chart aesthetics.
Styling: Adjustments can be made to line styles, widths, and marker sizes to enhance visibility and clarity.
Compatibility:
The indicator is compatible with TradingView's Pine Script version 5 and can be applied to various financial instruments and timeframes supported by the platform.
Disclaimer:
The "1800 Candle Highlight" indicator is provided for informational purposes only and should not be considered as financial advice. Users are encouraged to conduct thorough analysis and consider multiple factors before making trading decisions.
Volume NThe Volume Indicator provides a visual representation of trading volume, expressed in U.S. dollars, directly on your chart. It multiplies each candle's closing price by its volume to compute the volume in dollar terms, offering a clearer perspective on market activity relative to price movements.
Features:
Volume Calculation: The indicator calculates the volume in dollar terms by multiplying the closing price by the trading volume of each bar.
Color Coding: Bars are colored to highlight significant trading activity. Standard bars are displayed in blue, whereas bars representing the highest trading volume over the latest 10-bar period are colored red.
Dynamic Labels: Red bars, indicating peak volume within the specified period, feature dynamically positioned labels that display the dollar amount, formatted to three significant figures. Labels are appended with "M" for millions or "B" for billions as appropriate, followed by a dollar sign to denote currency.
Automatic Label Adjustment: To avoid label overlap and maintain chart clarity, labels adjust their vertical positioning automatically based on proximity to other labels.
Usage:
This indicator is particularly useful for traders who wish to assess the strength of price movements in conjunction with volume. By quantifying volume in dollar terms, it provides a more standardized measure of trading intensity, which can be beneficial for making informed trading decisions in both high and low volatility environments.
Neutral State Stochastic Oscillator {DCAquant}Neutral State Stochastic Oscillator {DCAquant}
The Neutral State Stochastic Oscillator {DCAquant} is an enhanced version of the classic Stochastic Oscillator. This iteration aims to refine the detection of neutral market states — periods where the market is neither overbought nor oversold — potentially signaling a period of consolidation or equilibrium before the next significant price move.
Key Features:
Advanced Oscillator Analysis: It extends the traditional use of the Stochastic Oscillator by identifying a neutral zone, which may signal a pause in market momentum.
Customizable Sensitivity: Users can adjust parameters such as K and D periods, Smooth K, and neutral zone thresholds to tailor the indicator to their trading style.
Neutral Zone Detection: This tool is especially adept at pinpointing where the %K and %D lines converge within a specific threshold, marking a neutral state.
How it Works:
%K and %D Calculation: The indicator calculates the Stochastic %K and %D lines over user-defined periods, smoothing %K for clearer signals.
Neutral Zone Threshold: A threshold defines how close %K and %D lines should be to each other to qualify as a neutral state, offering a refined perspective on market momentum.
Visual Contrast: The indicator employs a distinct color scheme to distinguish between neutral (gray), bullish (%K>%D in aqua), and bearish (%K<%D in fuchsia) market conditions, directly on the price chart.
Visual Indicators and Interpretation:
Neutral Market Condition: A gray background indicates a neutral state where %K and %D are close, suggesting a balanced market awaiting new forces to define the trend.
Market Extremes: Aqua and fuchsia backgrounds highlight when the market is exiting the neutral zone, potentially signaling the start of an uptrend or downtrend.
Strategic Application:
Consolidation and Breakout Identification: This tool helps in identifying consolidation zones which could lead to potential breakouts or breakdowns, aiding in strategic entry and exit decisions.
Multifaceted Market Analysis: By revealing neutral market states, it serves as a vital component in a comprehensive trading strategy, augmenting the insights provided by other technical indicators.
Customization and Usage:
Flexible for Various Markets: The Neutral State Stochastic Oscillator {DCAquant} is adaptable for a variety of markets, whether you're trading cryptocurrencies, stocks, forex, or commodities.
Confirmatory Tool: It acts as an excellent confirmatory tool when used with price action analysis, other oscillators, or trend indicators, ensuring a well-rounded analytical approach.
Disclaimer and User Guidance:
The Neutral State Stochastic Oscillator {DCAquant} is a sophisticated trading tool designed for informative purposes. Traders are advised to use it in conjunction with a robust risk management strategy and not as a standalone decision-making tool. As with all trading indicators, success cannot be guaranteed, and it is recommended that traders perform their due diligence before executing trades based on signals from this or any other analytical tool.
EMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Exponential Moving Average (EMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart.
Features of the new EMA Cross Dashboard :
Shows EMA Crosses Across Up To 5 Different Timeframes.
Select Any Source, Including Other Indicators.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
EMA is a widely used indicator within trading community, it is similar to a Simple Moving Average (SMA) but places more weight on recent prices, making it more reactive to current trends. Crosses of EMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual EMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see EMA crosses efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them.
2. General Configuration
EMA Source -> You can select the source for the calculation of the EMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
SMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Simple Moving Average (SMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the SMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart.
Features of the new SMA Cross Dashboard :
Shows SMA Crosses Across Up To 5 Different Timeframes.
Select Any Source, Including Other Indicators.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
SMA is a widely used indicator within trading community, it simply works by taking the mathematical average of a source by desired length. Crosses of SMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual SMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see SMA crosses efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them.
2. General Configuration
SMA Source -> You can select the source for the calculation of the SMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
Truly Bullish & Bearish CandleThis Pine Script indicator identifies and highlights truly bullish and bearish candles on your chart. Truly bullish candles are characterized by a strong bullish close significantly above the specific percentage, suggesting strong buying pressure. Conversely, truly bearish candles exhibit a strong bearish close significantly below the specific percentage, indicating strong selling pressure. By identifying these candles, traders can gain insights into potential shifts in market sentiment and make more informed trading decisions.
Key Features:
Identifies truly bullish and bearish candles based on strong open/close differentials.
Highlights these candles on the chart for easy visualization.
Helps traders identify potential reversals or continuations in market trends.
Customizable parameters for fine-tuning to suit individual trading strategies.
Compatible with various timeframes and trading instruments.
Usage Instructions:
Apply the indicator to your chart.
Configure the settings according to your preferences.
Look for highlighted truly bullish and bearish candles as potential entry or exit signals.
Consider additional analysis and risk management strategies to confirm trading decisions.
Disclaimer: This indicator is provided for informational and educational purposes only. It is not intended as financial advice or trading recommendations. Trading involves risks, and it's essential to conduct thorough research and practice proper risk management techniques.
Inversion Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Inverse Fair Value Gap Screener! This screener can provide information about the latest Inverse Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Inverse Fair Value Gaps and the styling of the screener.
Features of the new Inverse Fair Value Gap (IFVG) Screener :
Find Latest Inverse Fair Value Gaps Across 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Volume
Customizable Algorithm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
IFVGs get consumed when a Close / Wick enters the IFVG zone. Check this example:
This screener then finds Fair Value Gaps across 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the IFVG.
Approaching ⬆️/⬇️ -> The current price is approaching the IFVG, and the direction it's approaching from.
Inside -> The price is currently inside the IFVG.
Retests -> Retest means the price tried to invalidate the IFVG, but failed to do so. Here you can see how many times the price retested the IFVG.
Consumed -> IFVGs get consumed when a Close / Wick enters the IFVG zone. For example, if the price hits the middle of the IFVG zone, the zone is considered 50% consumed.
Volume -> Volume of a IFVG is essentially the volume of the bar that broke the original FVG that formed it.
🚩UNIQUENESS
This screener can detect latest Inverse Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the IFVG, as well as it's volume. We believe that this extra information will help you spot reliable IFVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Auto-magnifier / quantifytools- Overview
Auto-magnifier shows a lower timeframe view of candles and volume bars inside any main timeframe candle by zooming into it. Candles and volume bars as they develop are shown chronologically from left to right. By default, magnifier is triggered when less than 3 candles are visible on the chart.
By default, 20 lower timeframe candles are displayed by splitting main timeframe into 20 parts. The amount of candles displayed is a target rate, meaning the script will use a lower timeframe that has the closest match to 20 candles and therefore will vary a bit. Users can override automatic timeframe calculation and opt in to display any specific lower timeframe or adjust amount of candles shown (e.g. 20 -> 30 candles) per each main timeframe candle.
Example
Main timeframe set to 30 minute, candles displayed set to 20 -> Magnifying using 2 minute candles (30 minute/20 candles = 1.5 min, rounded to 2 min)
Main timeframe set to 30 minute, override set to 5 minutes -> Displaying 5 minute candles
Size of volume bars is calculated using relative volume (volume relative to volume SMA20), lowest bar representing relative volume values of under or equal to 1x the moving average and from there onwards progressively growing.
- Limitations and considerations
Amount of candles shown might flow over from the background on smaller screen sizes, in which case you would want to decrease the amount shown. Opposite is true for bigger screens, this value can be increased as more candles fit.
This indicator involves a lot of tricks with text elements to make it work automatically by zooming in. Size of wicks, bodies and volume bars are calculated by adding more text elements on big candles and less text elements on smaller candles. This means the displayed candles won't be a 100% match, but a rather a fair representation of the view, e.g. candle is green = lower timeframe candle is green, candle has a big wick = lower timeframe candle has a big wick (but not a 100% match).
Example
Magnified lower timeframe chart vs. Actual lower timeframe chart
Most mismatch will be found on the price levels where lower timeframe candles are shown, which is sacrificed for the sake of getting a better readability on the overall shape of lower timeframe price action. Users can alternatively optimize calculations for more accuracy, giving a better representation of the price levels where candles truly originated. This typically comes with the cost of worse readability however.
Example
Optimized for readability vs. Optimized for accuracy
- Visuals
All visual elements are fully customizable.
Breaker Blocks Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener.
Features of the new Breaker Blocks Screener :
Find Latest Breaker Blocks Accross 5 Tickers
Latest Status, Restests & Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
This screener then finds breaker blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the breaker block.
Approaching ⬆️/⬇️ -> The current price is approaching the breaker block, and the direction it's approaching from.
Inside -> The price is currently inside the breaker block.
Retests -> Retest means the price to invalidate the breaker block, but failed to do so. Here you can see how many times the price retested the breaker block.
For the volume, check the top of the "How Does It Work" section.
🚩UNIQUENESS
This screener can detect latest breaker blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the breaker block as an unique trait. Another unique ability of the screener is that it shows the latest valid breaker block's volume in the dashboard.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan breaker blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidations -> Select between Wick & Close price for Order & Breaker Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
PA Helper - Draw Next 5 CandlesA user-friendly tool designed for a quick visual preview of the next 5 candles on your trading chart.
Here's how to use it effortlessly:
Set Open Prices:
Adjust the open prices for the upcoming 5 candles using the inputs labeled Next close #1 to Next close #5.
Toggle Candles:
Use the checkboxes (p1 to p5) to enable or disable the drawing of each corresponding next candle.
Offset Option:
Customize your preview by toggling the offset option:
If offset is set to false, the drawing starts from the current candle's close, providing insight into the next 5 candles relative to the current one.
If offset is set to true, the drawing begins with the next candle, offering a preview of the upcoming 5 candles, effectively skipping the current one.
Visual Representation:
The indicator visually displays the next 5 candles on your chart based on your selected open prices, offering a clear and tailored insight into potential market movements.
Fair Value Gaps
Introducing the Fair Value Gaps (FVG) Indicator by OmegaTools, a distinctive and analytical tool designed for TradingView. This script meticulously identifies and visualizes fair value gaps within the market, offering traders a nuanced understanding of potential price movement areas that are not immediately apparent through traditional analysis.
Concept and Methodology:
Fair Value Gaps are identified as areas on a chart where the price has skipped over, leaving a 'gap' that has not been filled. These gaps often occur due to sudden market movements triggered by news events, changes in market sentiment, or large orders that move the price significantly. The FVG Indicator detects these gaps by analyzing price action and identifying discrepancies between high and low prices over a specified period. This approach is rooted in the belief that markets tend to return to these unfilled spaces, providing potential opportunities for traders.
How It Works:
The indicator scans the chart for gaps between the high of one session and the low of the next (or vice versa), marking these gaps visually for easy identification.
Users can customize the lookback period to adjust the sensitivity of the indicator to recent versus historical data.
The FVG Indicator employs color-coding to distinguish between bullish and bearish gaps, allowing traders to quickly gauge market sentiment around these gaps.
Using the FVG Indicator:
Apply the indicator to any chart on TradingView and adjust the input settings, including the extension of FVGs and aesthetic preferences like color, to suit your analysis style.
Use the visual cues provided by the FVG Indicator to identify potential areas where the market may move to fill the gaps.
Combine the insights from the FVG Indicator with other technical analysis tools or fundamental analysis to validate potential trading opportunities.
Originality and Usefulness:
The FVG Indicator stands out due to its focused approach to identifying and visualizing fair value gaps, a concept that is often overlooked in conventional market analysis. By providing a clear visual representation of these gaps, the indicator adds depth to market analysis, aiding in the identification of potential price reversal zones or continuation signals.
Disclaimer and Responsible Use:
The financial markets are complex and unpredictable. The FVG Indicator is designed to offer analytical insights and should be used as part of a comprehensive trading strategy. It does not guarantee profits or predict market movements with absolute certainty. Traders are encouraged to use this tool judiciously, alongside proper risk management practices. Remember, past performance does not guarantee future results, and trading involves risks, including the potential loss of investment.
FTR Rules BoS/ChoCh MarkupThis indicator marks Break of Structure (BoS) and Change of Character (ChoCh) in the price structure on your charts. It runs on any timeframe. This indicator is useful for determining if you are seeing a trend change in the market or if you are only seeing a pullback with the market continuing in the direction of the trend. The indicator will look for price to break the previous BoS line or ChoCh line to mark a new BoS. When a BoS line is broken, it will then look for the lowest or highest pullback (depending on which way the market is trending) between to 2 BoS lines to mark the ChoCh line. When the ChoCh line is broken, it will mark that line as BoS and the previous BoS line will become ChoCh.
What makes this indicator unique from other BoS and ChoCh indicators is that it follows specific rules used by the FTR Trading group. The main difference is that the ChoCh line isn't changed to a BoS line from only a candle wick break. You will need a candle body break to move your BoS line to ChoCh. If a candle wick breaks your ChoCh line, you simply extend the ChoCh line to the new high or low of the wick. There are smaller differences that are proprietary to the FTR strategy.
QuantumTrader Suite - Chart WatermarkThis "Indicator" allows you to add a watermark to your chart. This allows you to add things such as your name and trading goals / affirmations to your chart to remind you everytime you load up the charts.
The following Features are fully customisable:
Title
Subtitle
Position, Text Size, Text Color, and Background of the title and subtitle
Equal Highs & Lows [UAlgo]
🔶 Description:
The "Equal Highs/Lows " indicator is designed to identify equal highs and lows within price action. These levels are significant as they often indicate potential reversal points or areas of consolidation in the market. The indicator is based on specific settings and utilizes the concept of Average True Range (ATR) to determine thresholds for identifying these key price levels.
The indicator plots lines and labels to mark equal highs and lows on the price chart.
It dynamically adjusts to changes in market volatility by utilizing ATR-based thresholds.
🔶 Settings:
Pivot Length: Determines the number of bars used to identify pivot highs and lows.
ATR Length to calculate threshold: Specifies the length of the ATR used to calculate the threshold for determining equal highs and lows.
Threshold: Sets the percentage threshold used in conjunction with ATR to identify equal highs and lows.
Wait For Confirmation: When enabled, the indicator waits for confirmation by considering pivots beyond (considers right length bars while calcuation pivot points) the specified length.
While "Wait For Confirmation" is enabled, EQH / EQL Lines will appear after "Pivot Length" after for confirmation
While "Wait For Confirmation" is disabled, EQH / EQL Lines will appear immediately if it meets the requirements to create EQH or EQL as soon as the candle closes.
🔶 Disclaimer:
"Equal Highs/Lows " is provided for informational and educational purposes only. Trading involves risks, and users should exercise caution and perform their own analysis before making any trading decisions based on this indicator. The creator of the indicator, UAlgo, does not guarantee the accuracy or reliability of the indicator, and usage of this indicator is at the user's own risk.
