Commencez

Candlestick analysis

HTF Candle Projections and BoxesThe HTF Candle Projections with Labels indicator builds on the power of previous tools: HTF Candle Projections and HTF Candle Boxes for LTF Charts . This versatile indicator combines advanced features from both indicators into an improved version, allowing you to display multiple Higher Time Frame (HTF) candles directly on a Lower Time Frame (LTF) chart, with enhanced functionality for improved visualization and analysis. Key Features Multiple HTF Candle Projections Project a customizable number of HTF candles to the right of the current time frame. Easily compare HTF and LTF data without constantly switching between charts. Customizable Projection Types Choose between traditional candles or Heikin Ashi for your projections, adapting to your preferred analysis method. Real-Time Open/High/Low/Close Projections Dynamic updates ensure you always have the most current levels visible. Includes optional lines for Open, High, Low, and Close values, with selectable styles (solid, dotted, dashed). Enhanced Visualization Display HTF candles in the background as shaded areas, with transparent color options for up and down candles—offering intuitive context for recent market movements. OHLC Labels View key OHLC values beside each projected candle for quick and easy reference. Time Frame Display Table Added visual labels to clearly indicate which HTF is being displayed—no more guessing. Box Options for Candle Range and Body Box the entire candle range (High to Low) or just the body (Open to Close), inspired by Kevin Rollo's HTF Candle Boxes. Pip Range Labels Label the pip range from High to Low or Open to Close, providing better insight into volatility and price movement within the HTF candle. This indicator is perfect for traders seeking a combined high-level overview with detailed precision for better decision-making. HTF Candle Projections and Boxes keep the macro perspective in view while focusing on the finer details—all in one chart. Free, open-source, and community-inspired, this tool is a comprehensive solution for time frame analysis. Released under TradingView's default license (Mozilla Public License 2.0).
Indicateur Pine Script™
par ridingthewave
sangram RSI Candlesticks//@version=5 indicator('Glowing RSI Candlesticks', shorttitle='Glow RSI', overlay=false) // RSI Settings rsiPeriod = input.int(40, title='RSI Period', minval=1) rsiSource = close rsiValue = ta.rsi(rsiSource, rsiPeriod) // Toggle Visibility showRSILine = input(true, title='Make the RSI Glow') showAllMA = input(true, title="Show ALL Moving Averages") showMA1 = input(true, title='Show Moving Average 1') showMA2 = input(true, title='Show Moving Average 2') showMA3 = input(true, title='Show Moving Average 3') showMA4 = input(true, title='Show Moving Average 4') showBars = input(true, title='Show RSI OHLC Bars') maLength1 = input.int(9, title='MA Length 1') maLength2 = input.int(15, title='MA Length 2') maLength3 = input.int(30, title='MA Length 3') maLength4 = input.int(50, title='MA Length 4') // Calculate OHLC Values for RSI rsiOpen = na(rsiValue ) ? rsiValue : rsiValue rsiHigh = ta.highest(rsiValue, rsiPeriod) rsiLow = ta.lowest(rsiValue, rsiPeriod) // Define Colors barUpColor = color.new(color.green, 0) barDownColor = color.new(color.red, 0) barColor = rsiOpen < rsiValue ? barUpColor : barDownColor // Plot RSI OHLC Bars plotcandle(showBars ? rsiOpen : na, rsiHigh, rsiLow, rsiValue, title="RSI OHLC", color=barColor, wickcolor=color.new(color.white, 100), bordercolor=barColor) // Horizontal Lines hline(70, "Oversold", color.new(color.red, 80), linewidth = 2, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 85), linewidth = 12, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 90), linewidth = 24, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 95), linewidth = 36, linestyle = hline.style_solid) hline(50, "Mid", color=color.gray) hline(30, "Oversold", color.new(color.green, 80), linewidth = 2, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 85), linewidth = 12, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 90), linewidth = 24, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 95), linewidth = 36, linestyle = hline.style_solid) // Plot RSI Line rsiColor1 = color.new(color.blue, 30) rsiColor2 = color.new(color.blue, 80) rsiColor3 = color.new(color.blue, 85) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor1, linewidth=2) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor2, linewidth=10) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor3, linewidth=16) // Moving Average maValue1 = ta.sma(rsiValue, maLength1) maValue2 = ta.sma(rsiValue, maLength2) maValue3 = ta.sma(rsiValue, maLength3) maValue4 = ta.sma(rsiValue, maLength4) plot(showAllMA and showMA1 ? maValue1 : na, title='MA 1', color=color.green) plot(showAllMA and showMA2 ? maValue2 : na, title='MA 2', color=color.fuchsia) plot(showAllMA and showMA3 ? maValue3 : na, title='MA 3', color=color.red) plot(showAllMA and showMA4 ? maValue4 : na, title='MA 4', color=color.red)
Indicateur Pine Script™
par sangrammulik
sangram RSI Candlesticks//@version=5 indicator('sangram RSI Candlesticks', shorttitle='sangram RSI', overlay=false) // RSI Settings rsiPeriod = input.int(40, title='RSI Period', minval=1) rsiSource = close rsiValue = ta.rsi(rsiSource, rsiPeriod) // Toggle Visibility showRSILine = input(true, title='Make the RSI Glow') showAllMA = input(true, title="Show ALL Moving Averages") showMA1 = input(true, title='Show Moving Average 1') showMA2 = input(true, title='Show Moving Average 2') showMA3 = input(true, title='Show Moving Average 3') showMA4 = input(true, title='Show Moving Average 4') showBars = input(true, title='Show RSI OHLC Bars') maLength1 = input.int(9, title='MA Length 1') maLength2 = input.int(15, title='MA Length 2') maLength3 = input.int(30, title='MA Length 3') maLength4 = input.int(50, title='MA Length 4') // Calculate OHLC Values for RSI rsiOpen = na(rsiValue ) ? rsiValue : rsiValue rsiHigh = ta.highest(rsiValue, rsiPeriod) rsiLow = ta.lowest(rsiValue, rsiPeriod) // Define Colors barUpColor = color.new(color.green, 0) barDownColor = color.new(color.red, 0) barColor = rsiOpen < rsiValue ? barUpColor : barDownColor // Plot RSI OHLC Bars plotcandle(showBars ? rsiOpen : na, rsiHigh, rsiLow, rsiValue, title="RSI OHLC", color=barColor, wickcolor=color.new(color.white, 100), bordercolor=barColor) // Horizontal Lines hline(70, "Oversold", color.new(color.red, 80), linewidth = 2, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 85), linewidth = 12, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 90), linewidth = 24, linestyle = hline.style_solid) hline(70, "Oversold", color.new(color.red, 95), linewidth = 36, linestyle = hline.style_solid) hline(50, "Mid", color=color.gray) hline(30, "Oversold", color.new(color.green, 80), linewidth = 2, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 85), linewidth = 12, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 90), linewidth = 24, linestyle = hline.style_solid) hline(30, "Oversold", color.new(color.green, 95), linewidth = 36, linestyle = hline.style_solid) // Plot RSI Line rsiColor1 = color.new(color.blue, 30) rsiColor2 = color.new(color.blue, 80) rsiColor3 = color.new(color.blue, 85) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor1, linewidth=2) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor2, linewidth=10) plot(showRSILine ? rsiValue : na, title='RSI', color=rsiColor3, linewidth=16) // Moving Average maValue1 = ta.sma(rsiValue, maLength1) maValue2 = ta.sma(rsiValue, maLength2) maValue3 = ta.sma(rsiValue, maLength3) maValue4 = ta.sma(rsiValue, maLength4) plot(showAllMA and showMA1 ? maValue1 : na, title='MA 1', color=color.green) plot(showAllMA and showMA2 ? maValue2 : na, title='MA 2', color=color.fuchsia) plot(showAllMA and showMA3 ? maValue3 : na, title='MA 3', color=color.red) plot(showAllMA and showMA4 ? maValue4 : na, title='MA 4', color=color.red)
Indicateur Pine Script™
par sangrammulik
1
Enhanced Market Analyzer with Adaptive Cognitive LearningThe "Enhanced Market Analyzer with Advanced Features and Adaptive Cognitive Learning" is an advanced, multi-dimensional trading indicator that leverages sophisticated algorithms to analyze market trends and generate predictive trading signals. This indicator is designed to merge traditional technical analysis with modern machine learning techniques, incorporating features such as adaptive learning, Monte Carlo simulations, and probabilistic modeling. It is ideal for traders who seek deeper market insights, adaptive strategies, and reliable buy/sell signals. Key Features: Adaptive Cognitive Learning: Utilizes Monte Carlo simulations, reinforcement learning, and memory feedback to adapt to changing market conditions. Adjusts the weighting and learning rate of signals dynamically to optimize predictions based on historical and real-time data. Hybrid Technical Indicators: Custom RSI Calculation: An RSI that adapts its length based on recursive learning and error adjustments, making it responsive to varying market conditions. VIDYA with CMO Smoothing: An advanced moving average that incorporates Chander Momentum Oscillator for adaptive smoothing. Hamming Windowed VWMA: A volume-weighted moving average that applies a Hamming window for smoother calculations. FRAMA: A fractal adaptive moving average that responds dynamically to price movements. Advanced Statistical Analysis: Skewness and Kurtosis: Provides insights into the distribution and potential risk of market trends. Z-Score Calculations: Identifies extreme market conditions and adjusts trading thresholds dynamically. Probabilistic Monte Carlo Simulation: Runs thousands of simulations to assess potential price movements based on momentum, volatility, and volume factors. Integrates the results into a probabilistic signal that informs trading decisions. Feature Extraction: Calculates a variety of market metrics, including price change, momentum, volatility, volume change, and ATR. Normalizes and adapts these features for use in machine learning algorithms, enhancing signal accuracy. Ensemble Learning: Combines signals from different technical indicators, such as RSI, MACD, Bollinger Bands, Stochastic Oscillator, and statistical features. Weights each signal based on cumulative performance and learning feedback to create a robust ensemble signal. Recursive Memory and Feedback: Stores and averages past RSI calculations in a memory array to provide historical context and improve future predictions. Adaptive memory factor adjusts the influence of past data based on current market conditions. Multi-Factor Dynamic Length Calculation: Determines the length of moving averages based on volume, volatility, momentum, and rate of change (ROC). Adapts to various market conditions, ensuring that the indicator is responsive to both high and low volatility environments. Adaptive Learning Rate: The learning rate can be adjusted based on market volatility, allowing the system to adapt its speed of learning and sensitivity to changes. Enhances the system's ability to react to different market regimes. Monte Carlo Simulation Engine: Simulates thousands of random outcomes to model potential future price movements. Weights and aggregates these simulations to produce a final probabilistic signal, providing a comprehensive risk assessment. RSI with Dynamic Adjustments: The initial RSI length is adjusted recursively based on calculated errors between true RSI and predicted RSI. The adaptive RSI calculation ensures that the indicator remains effective across various market phases. Hybrid Moving Averages: Short-Term and Long-Term Averages: Combines FRAMA, VIDYA, and Hamming VWMA with specific weights for a unique hybrid moving average. Weighted Gradient: Applies a color gradient to indicate trend strength and direction, improving visual clarity. Signal Generation: Generates buy and sell signals based on the ensemble model and multi-factor analysis. Uses percentile-based thresholds to determine overbought and oversold conditions, factoring in historical data for context. Optional settings to enable adaptation to volume and volatility, ensuring the indicator remains effective under different market conditions. Monte Carlo and Learning Parameters: Users can customize the number of Monte Carlo simulations, learning rate, memory factor, and reward decay for tailored performance. Applications: Scalping and Day Trading: The fast response of the adaptive RSI and ensemble learning model makes this indicator suitable for short-term trading strategies. Swing Trading: The combination of long-term moving averages and probabilistic models provides reliable signals for medium-term trends. Volatility Analysis: The ATR, Bollinger Bands, and adaptive moving averages offer insights into market volatility, helping traders adjust their strategies accordingly.
Indicateur Pine Script™
par Cmo22
Kijun-sen (基準線)説明文 概要 このスクリプトは、Ichimoku Kinko Hyo（一目均衡表）の基準線（Kijun-sen）のみを表示するシンプルなインジケーターです。一目均衡表の複雑な構成をシンプル化し、基準線だけに集中して分析することができます。 特徴 基準線（Kijun-sen）の表示 指定した期間（デフォルト：26期間）の最高値と最安値の中間値を計算し、ラインとして描画します。 カスタマイズ可能 基準線の計算期間を自由に変更可能です（デフォルト：26期間）。 線の色や太さもコード内で調整可能です。 シンプルな視覚化 一目均衡表全体の複雑な要素を排除し、基準線だけに集中することで、トレンドやサポート・レジスタンスを簡単に分析できます。 使用例 トレンドフォロー 基準線が価格の上にある場合は下降トレンド、下にある場合は上昇トレンドの可能性を示唆します。 サポートとレジスタンスの判定 基準線は価格が意識されるラインとなるため、サポートラインまたはレジスタンスラインとして機能することがあります。 使い方 インジケーターをチャートに追加 TradingViewのチャートで、このインジケーターを適用してください。 期間を調整 デフォルトの26期間を変更したい場合は、入力フィールドから自由に調整してください。 注意事項 このスクリプトは、他の一目均衡表の要素（雲、転換線、遅行スパンなど）を表示しません。必要に応じて追加のスクリプトを組み合わせてください。 適用対象 初心者からプロのトレーダーまで、トレンドフォローやサポート・レジスタンスの判定に基準線を活用したい方に適しています。
Indicateur Pine Script™
par PANACEA_matome
Reptile Candle Marker with ArrowsReptile Candle Marker The Reptile Candle Marker is a custom indicator designed to identify a specific pattern in price action, known as the "reptile candle." This pattern is characterized by a small body with long wicks on both the upper and lower sides. These candles often indicate indecision or a reversal in the market, making them useful for traders looking for potential turning points. Key Features: Small Body and Large Wicks: The indicator highlights candles with a small body relative to the overall candle range, accompanied by long upper and lower wicks. This is achieved by comparing the size of the wicks to the body and the overall candle range. Volume Confirmation: The indicator ensures that the identified candles are accompanied by high volume, which serves as confirmation of the significance of the price action. Visual Highlighting: When a "reptile" candle is detected, the body of the candle and the wicks are both colored yellow. This allows for easy identification on the chart. Custom Wick Lines: To ensure the wicks stand out, the indicator draws yellow lines above and below the candles, representing the upper and lower wicks. These lines remain fixed in place even as the chart is scaled or moved. How It Works: The indicator identifies candles where: The upper wick is longer than the body by a specified ratio. The lower wick is longer than the body by the same ratio. The candle's body size is small compared to the total candle range (less than 30% of the range). The volume is significantly higher than the 20-period moving average volume, indicating increased market activity. When these conditions are met, the indicator marks the candle by coloring its body and wicks yellow. Additionally, it draws custom yellow wick lines to visually represent the wick size. How to Use: This indicator is designed to highlight potential reversal points or periods of indecision in the market. Traders can use it to spot possible turning points, especially when accompanied by other technical analysis tools such as support/resistance levels or trend indicators. Customizable Parameters: Wick to Body Ratio: Controls the sensitivity for detecting large wicks relative to the candle body. Volume Factor: Adjusts the threshold for identifying candles with significantly higher volume than the moving average.
Indicateur Pine Script™
par drorza
Smart Entry & Exit Zones for CryptoАнализ волатильности: Определение текущей волатильности криптовалют на основе ATR (Average True Range), а также применение собственных формул для выявления зон сильных движений. ATR поможет определить средние колебания цены и выбрать оптимальные уровни стоп-лосс и тейк-профит. Влияние BTC и ETH: Скрипт будет анализировать корреляцию с основными криптовалютами (BTC и ETH), чтобы учитывать их влияние на остальные активы. Например, падение BTC может сигнализировать об общем снижении рынка, что стоит учитывать при выборе направления позиции. Определение зон входа и выхода: Скрипт будет использовать комбинацию индикаторов, таких как RSI (Relative Strength Index), MACD, и EMA (Exponential Moving Average) для определения зон перекупленности и перепроданности. Также будет использоваться объем (Volume Profile) для выявления уровней интереса рынка. Визуальные сигналы: Скрипт будет показывать сигналы на графике для входа в позицию, а также уровни для установки стоп-лосса и тейк-профита. Эти сигналы будут отображаться в виде стрелок или меток.
Indicateur Pine Script™
par Ngru7
Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section. Features of the new IFVG Oscillator: Fully Customizable FVG & IFVG Detection An Oscillator Approach To IFVGs Divergence Markers For Potential Reversals Alerts For Divergence Labels Customizable Styling 📌 HOW DOES IT WORK? Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated. An oscillator is calculated using recent IFVGs with this formula : 1. The Oscillator starts as 0. 2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type. 3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient) The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows : 1. The current candlestick low must be the lowest of last 25 bars. 2. Net Oscillator (Shown in gray line by default) must be > 0. 3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars. Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker. 🚩 UNIQUENESS The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading. Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences. ⚙️ SETTINGS 1. General Configuration Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs. 2. Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. 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 sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 3. Inversion Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. 4. Style Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Indicateur Pine Script™
par fluxchart
Previous Day High and Low Count Script Description: "Previous Day High and Low Count" This Pine Script has been developed to count the number of days where the price of an asset has not reached the high or low of the previous day. It displays these counts as labels on the chart. The script works with the previous day's highs and lows and checks whether the current day has touched the high or low of the previous day. Main Features: Counting Days Without Touching the Previous Day's High or Low: The script tracks how many consecutive days the high or low of the previous day has not been reached. High Count: Counts how many consecutive days the high of the previous day has not been exceeded. Low Count: Counts how many consecutive days the low of the previous day has not been undercut. Calculating the Previous Day's Highs and Lows: Each day, the highs and lows of the previous day are queried and stored in arrays. The last 10 days are checked to determine whether the price has reached the high or low of the previous day. Detecting a New Trading Day: The script automatically detects when the current day is a new daily candle (i.e., the start of a new trading day), and then resets the count for the days that have not touched the high or low of the previous day. Visualization: Two labels are created on the chart to display the count of days: A High Label, showing the number of days the high of the previous day has not been touched. A Low Label, showing the number of days the low of the previous day has not been touched. These labels are positioned at the upper-right and lower-right corners of the chart, based on user preferences. Custom Inputs: X and Y Offsets for Label Position: Allows precise control over where the labels are displayed on the chart. Label Size and Color: Users can adjust the size and color of the high and low labels according to their preferences. Label Text: The user can modify the text displayed in the label counters. Visual Representation of the Previous Day's High and Low: The script plots the previous day's high (green) and low (red) on the chart for easy visual analysis. Summary: This script is particularly useful for traders who focus on the dynamics between the current price and the previous day's levels. It helps identify trading patterns where the high or low of the previous day has not been reached multiple times, which could indicate a specific market condition or price stability. The count of days without touching the previous day's high or low can serve as an additional indicator for market strength or potential reversal points.
Indicateur Pine Script™
par morris220768
Enhanced London Session SMC SetupEnhanced London Session SMC Setup Indicator This Pine Script-based indicator is designed for traders focusing on the London trading session, leveraging smart money concepts (SMC) to identify potential trading opportunities in the GBP/USD currency pair. The script uses multiple techniques such as Order Block Detection, Imbalance (Fair Value Gap) Analysis, Change of Character (CHoCH) detection, and Fibonacci retracement levels to aid in market structure analysis, providing a well-rounded approach to trade setups. Features: London Session Highlight: The indicator visually marks the London trading session (from 08:00 AM to 04:00 PM UTC) on the chart using a blue background, signaling when the high-volume, high-impulse moves tend to occur, helping traders focus their analysis on this key session. Order Block Detection: Identifies significant impulse moves that may form order blocks (supply and demand zones). Order blocks are areas where institutions have executed large orders, often leading to price reversals or continuation. The indicator plots the high and low of these order blocks, providing key levels to monitor for potential entries. Imbalance (Fair Value Gap) Detection: Detects and highlights price imbalances or fair value gaps (FVG) where the market has moved too quickly, creating a gap in price action. These areas are often revisited by price, offering potential trade opportunities. The upper and lower bounds of the imbalance are visually marked for easy reference. Change of Character (CHoCH) Detection: This feature identifies potential trend reversals by detecting significant changes in market character. When the price action shifts from bullish to bearish or vice versa, a CHoCH signal is triggered, and the corresponding level is marked on the chart. This can help traders catch trend reversals at key levels. Fibonacci Retracement Levels: The script calculates and plots the key Fibonacci retracement levels (0.618 and 0.786 by default) based on the highest and lowest points over a user-defined swing lookback period. These levels are commonly used by traders to identify potential pullback zones where price may reverse or find support/resistance. Directional Bias Based on Market Structure: The indicator provides a market structure analysis by comparing the current highs and lows to the previous periods' highs and lows. This helps in identifying whether the market is in a bullish or bearish state, providing a clear directional bias for trade setups. Alerts: The indicator comes with built-in alert conditions to notify the trader when an order block, imbalance, CHoCH, or other significant price action event is detected, ensuring timely action can be taken. Ideal Usage: Timeframe: Suitable for intraday trading, particularly focusing on the London session (08:00 AM to 04:00 PM UTC). Currency Pair: Specifically designed for GBP/USD but can be adapted to other pairs with similar market behavior. Trading Strategy: Best used in conjunction with a price action strategy, focusing on the key levels identified (order blocks, FVG, CHoCH) and using Fibonacci retracement levels for precision entries. Target Audience: Ideal for traders who follow smart money concepts (SMC) and are looking for a structured approach to identify high-probability setups during the London session.
Indicateur Pine Script™
par kapsevikrant5
Engulfing BoxThe Engulfing Box indicator is a custom script designed to visually highlight and track bullish and bearish engulfing candlestick patterns on a price chart. These patterns are often used to identify potential reversal points, making them valuable for technical analysis. The script dynamically draws colored boxes around these patterns, helping users easily spot them in the price action. Key Features: Bullish Engulfing Pattern: When a candlestick fully engulfs the previous bearish candle (i.e., the close of the current candle is higher than the open of the previous candle, and the open is lower than the close of the previous candle), the script draws a green box around the bullish engulfing candle. This box is drawn from the open of the previous candle to the low of the previous candle. Bearish Engulfing Pattern: When a candlestick fully engulfs the previous bullish candle (i.e., the close of the current candle is lower than the open of the previous candle, and the open is higher than the close of the previous candle), a red box is drawn around the bearish engulfing candle. This box is drawn from the open of the previous candle to the high of the previous candle. Dynamic Box Management: Once an engulfing pattern is detected, a box is drawn with the following attributes: Bullish Engulfing Box: Green, with a transparent background. Bearish Engulfing Box: Red, with a transparent background. The box will adjust its color to gray if the price moves past certain thresholds, indicating that the engulfing pattern may no longer be as relevant. Max Pattern Tracking: The script limits the number of engulfing boxes tracked on the chart to prevent clutter. The maximum number of bullish and bearish engulfing patterns shown is customizable (set to 500 by default), and once this limit is exceeded, older boxes are deleted to maintain a clean chart. Pattern Expiry: Boxes are deleted if price action moves beyond the pattern’s range, ensuring that outdated signals are removed. If the low price falls below the bottom of the bullish engulfing box, or the high price rises above the top of the bearish engulfing box, the respective box is removed. Additionally, if the low price moves below the top of the bullish box or the high price exceeds the bottom of the bearish box, the box's color is changed to a more neutral tone. How it Works: Pattern Detection: The script compares the current price data with the previous candlestick to detect the bullish or bearish engulfing patterns. Box Creation: If a pattern is detected, a colored box is drawn around the candle to visually highlight the pattern. Pattern Expiry and Cleanup: The script continuously monitors past boxes. If the price moves too far from the box’s range, the box is either deleted or altered to reflect the reduced significance of the pattern. B ox Count Limit: To avoid clutter, the script ensures that no more than 500 bullish or bearish engulfing boxes are shown at any time. Customization: The number of previous bars to scan for engulfing patterns can be adjusted (maxBarsback). The maximum number of patterns displayed at any time can be modified.
Indicateur Pine Script™
par daisukeburn
First 5 Minutes Open/Close LinesThis very simple indicator paints lines at the high and low of the first 5m candle of the session. It is primarily intended for big cap NYSE traded stocks with high volume. I wrote this indicator to save me the trouble of manually drawing the lines each day. The lines drawn at the 5m high/low will remain constant regardless of which timeframe you switch to. In the example screenshot, we are looking at the 1m timeframe. This helps us switch effortlessly between different timeframes to see if a given price movement meets our entry criteria. In addition to drawing lines at the first 5m high/low, it will optionally paint two zones, one each around the high and low. The boundaries of this zone are configurable and expressed as a percentage of the total movement of the first 5m bar. By default, it is set to 25%. This indicator is based on the concept that the first 5m bar always has massive volume which helps us infer that price may react around the extremes of that movement. The basic strategy works something like this: - You identify the high timeframe (HTF) trend direction of the stock - You wait for the first 5m candle of the session to close - You wait for price to puncture through the outer boundary of the zone marked by the indicator. - You enter when price retraces to the high, or low, which marks the midpoint of the punctured zone. - Only enter long on stocks in a HTF uptrend, and short on stocks in an HTF downtrend. - Use market structure to identify stop loss and take profit targets Note: Use at your own risk. This indicator and the strategy described herein are not in any way financial advice, nor does the author of this script make any claims about the effectiveness of this strategy, which may depend highly on the discretion and skill of the trader executing it, among many other factors outside of the author's control. The author of this script accepts no liability, and is not responsible for any trading decisions that you may or may not make as a result of this indicator. You should expect to lose money if using this indicator.
Indicateur Pine Script™
par KingSpork
1
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality: Purpose The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins. Key Features Customizable Session Start and End Times The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are: Start: 6 p.m. ET (18:00) End: 8:30 a.m. ET These settings can be adjusted to align with specific market hours or personal preferences. Session High and Low Identification Throughout the defined session, the indicator dynamically calculates and tracks: Session High: The highest price reached within the session. Session Low: The lowest price reached within the session. These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes. Vertical Lines for Session Start and End The indicator draws vertical lines at both the session start and end times: Session Start Line: A solid line marking the exact beginning of the Globex session. Session End Line: A similar vertical line marking the session’s conclusion. Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart. Horizontal Lines for Session High and Low At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines: Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them. Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization. Automatic Reset for Daily Tracking To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention. Practical Application in the Globex Trap Strategy In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include: Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction. Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones. Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas. Additional Configuration Options Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme. Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings. Summary This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Indicateur Pine Script™
par Almureqeeb
1