#### 1. **Multi-Timeframe Exponential Moving Averages (EMA)** - The script calculates and plots EMAs for various timeframes (e.g., 1 minute, 5 minutes, 60 minutes, daily, and custom intervals). - Users can customize the length and resolution of each EMA using inputs. - Different colors are assigned to each EMA for easy identification on the chart.
#### 2. **Background Coloring** - Optional background coloring (`bgcolor`) indicates whether the current price is above or below the 1-hour 20 EMA. - Green indicates the price is above, and red indicates the price is below the EMA.
#### 3. **Bar Count Labeling** - The script tracks bar counts and displays labels at specific intervals (e.g., every 3 bars). - Label size and text color can be customized through user inputs.
#### 4. **Inside and Outside Bar Detection** - Detects and highlights "Inside Bars" and "Outside Bars" on the chart. - **Inside Bar**: The current bar's high and low are within the previous bar's range. - **Outside Bar**: The current bar's range exceeds the previous bar's range. - These patterns are marked with shapes for visual identification.
#### 5. **Bullish/Bearish Candle Streaks** - Identifies and marks streaks of three consecutive bullish or bearish candles. - **Bullish Streaks**: Marked with green shapes above the bar. - **Bearish Streaks**: Marked with red shapes above the bar.
#### 6. **Time-Based Marking** - The script includes an option to highlight specific time intervals (e.g., 7:30 AM) with a colored vertical line or background shading. - Configurable time inputs allow flexibility.
#### 7. **Micro Gap Detection** - Highlights gaps between the opening price of the current bar and the closing price of the previous bar. - Blue shapes indicate bullish gaps. - Purple shapes indicate bearish gaps.
#### 8. **TR (Trading Range) Detection** - Identifies bars with significant overlap based on a user-defined threshold. - Displays "TR" labels when overlap conditions are met.
#### 9. **Bar Coloring** - Optionally colors bars based on specific conditions: - Green: Bullish breakout (high and low higher than the previous bar, closing above the midpoint). - Red: Bearish breakout (high and low lower than the previous bar, closing below the midpoint).
#### 10. **50% Midpoint Line** - Displays a horizontal line at the 50% midpoint of the bar's range, customizable for the current or last bar only.
#### 11. **Pattern Detection** - Recognizes specific candlestick patterns (e.g., IOI, OII, IOO). - Provides alerts for detected patterns or predefined thresholds.
#### 12. **Alerts** - Configurable alerts for: - Specific patterns (e.g., IOI, OII, IOO). - Bar range exceeding a user-defined threshold. - Bullish or bearish streaks.
#### 13. **Gap Detector** - Identifies gaps between bars and marks them with shaded boxes. - Bullish gaps are shaded green, while bearish gaps are shaded red.
#### 14. **Advanced Customization** - Extensive user inputs allow traders to tailor the indicator to their trading style. - Includes support for various levels of detail (e.g., debug mode, label visibility, etc.).
#### 15. **ZigZag and Wedge Patterns** - Optional zigzag lines to connect swing highs and lows. - Detects wedge patterns using customizable settings for pivot points and angle differences.
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### **Use Case Scenarios** 1. **Trend Identification**: Use multi-timeframe EMAs to confirm overall market direction. 2. **Range Trading**: Trade within ranges using detected inside and outside bars as key levels. 3. **Breakout Trading**: Use patterns like IOI and OII to anticipate breakouts. 4. **Scalping**: Exploit bullish and bearish streaks or micro gaps for quick trades. 5. **Pattern-Based Alerts**: Set up alerts for specific market conditions or candlestick patterns.
### **Why This Indicator Is Useful** - Combines multiple trading tools into a single, customizable script. - Saves time by automating complex calculations and pattern detections. - Improves decision-making with clear visual cues and configurable alerts.
Let me know if you'd like any additional explanations or adjustments!
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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