Breakout Candles + RSIHello!
This is my firt script :)
This indicator looks for candles that are significantly larger than the previous X candle.
It is possible to set the following:
Multiplier: deviation from the size of the previous X candle (if set to 3 the size of the actual candle's body /abs(open - close)/ must be larger than the size of the bigger candle from the prevous X candles)
Previous candles: the number of previous candles to size check
Upper RSI limit: if the RSI14 close higher than the specified number, the candle will ignore
Lower RSI limit: if the RSI14 close lower than the specified number, the candle will ignore
Without dojis: if checked, watches candles only that do not have a bottom spike (bullish) or top spike (bearish). Useful for Heikin-Ashi candles
Feel free to left any suggestion!
Thank You!
Configurations Baissières
Bull/Bear Candle % Oscillator█ OVERVIEW
This script determines the proportion of bullish and bearish candles in a given sample size. It will produce an oscillator that fluctuates between 100 and -100, where values > 0 indicate more bullish candles in the sample and values < 0 indicate more bearish candles in the sample. Data produced by this oscillator is normalized around the 50% value, meaning that an even 50/50 split between bullish and bearish candles makes this oscillator produce 0; this oscillator indirectly represents the percent proportion of bullish and bearish candles in the sample (see HOW TO USE/INTERPRETATION OF DATA ).
It has two overarching settings: 'classic' and 'range'.
█ CONCEPTS
This script will cover concepts related to candlestick analysis, volumetric analysis, and lower timeframes.
Candlestick Analysis - The idea behind this script is to solely look at the candlesticks themselves and derive information from them in a given sample. It separates candles into two categories, bullish (close > open) and bearish (close < open).
If the indicator's setting is set to 'classic', the size of candles do not matter and all are assigned a value of 1 or 0.
If the indicator's setting is set to 'range', specific candle ranges modify the proportion of bullish/bearish values. Bullish candle values include all bullish candles in the set from their lows to the close, plus the lower wicks of all bearish candles. Bearish candle values include all bearish candles in the set from their highs to the close, plus the upper wicks of all bullish candles.
Volumetric Analysis - One of this script's features allows the user to modify the bullish and bearish candle proportions by its 'weight' determined by its volume compared to the sample set's total volume. Volumetric analysis for the 'range' setting are more complex than 'classic' as described below.
Lower Timeframes - For volumetric analysis to be done on candle wicks, there needed to be a way to determine how much volume had occurred in the wick by itself to find the weight of upper and lower wicks. To accomplish this, I employed PineScrypt's request.security_lower_tf function to grab OHLC values of lower timeframe candles (as well as volume) to determine how much volume had occurred in the wicks of the chart resolution's candle. The default OHLC values used here are the lows for upper wicks and highs for lower wicks. These OHLC values are then compared to the chart resolution candle's close to determine if the volume of that lower timeframe candle should be shifted to the wick weight or stay in the current weight of that candle. The reason 'low' and 'high' are used here is to guarantee that 100% of the volume of a lower timeframe candle had occurred in the wick of the candle at the current resolution (see LIMITATIONS ).
Bullish candles will exclude volume of all lower timeframe candles whose lows were greater than that candle's close. Bearish candles will exclude volume of all lower timeframe candles whose highs were less than that candle's close. These wick volumes are then divided by the volume of the sample set, and wick sizes are then multiplied by this weight before being added to their specific bullish/bearish sums (lower wicks to bullish and upper wicks to bearish).
█ FEATURES
There are 13 inputs for the user to modify the behavior/visual representation of this script.
Sample Length - This determines how many candles are in the sample set to find the proportion of bullish and bearish candles.
Colors and Invert Colors - There are three colors set by the user: a bullish color, neutral color, and bearish color. The oscillator plots two lines, one at 0 and another that represents the proportion of bullish or bearish candles in the sample set (we'll call this the 'signal line'). If the oscillator is above 0, bullish color is used, bearish otherwise. This script generates a gradient to color a filled area between the 0 line and the signal line based on the historical values of the oscillator itself and the signal line. For bullish values, the closer the signal line is to the max (or restricted max described below) that the oscillator has experienced, the more colored toward bullish color the shaded area will be, using the neutral color as a starting point. The same is applied to the bearish values using the bearish color.
There is an additional input to invert the colors so that the bearish color is associated with bullish values and vise-versa.
Calculation Type - This determines the overarching behavior of the oscillator and has two settings:
Classic - The weight of candles are either 1 if they occurred and 0 if not.
Range - The weight of candles is determined by the size of specific sections as described in CONCEPTS - Candlestick Analysis .
Volume Weighted - This enables modifying the weights of candles as described in CONCEPTS - Volumetric Analysis and Lower Timeframes based on which Calculation Type is used.
Wick Slice Resolution - This is the lower timeframe resolution that will be used to slice the chart resolution's candle when determining the volumetric weight of wicks. Lower timeframe resolutions like '1 minute' will yield more precise results as they will give more data points to go off of (see LIMITATIONS ).
Upper/Lower Wick Source - These two inputs allow the user to select which OHLC values to compare against the chart resolution's candle close when determining which lower timeframe candles will have their volumes associated with the wicks of candles being analyzed at the chart's resolution.
Restrict Min/Max Data and Restriction - This will restrict the maximum and minimum values that will be used for the signal line when comparing its value to previous oscillator values and change how the color gradient is generated for the indicator. Restriction is the number of candles back that will determine these maximum and minimum values.
Display Min/Max Guide - This will plot two lines that are colored the corresponding bullish and bearish colors which follow what the maximum and minimum values are currently for the oscillator.
█ HOW TO USE/INTERPRETATION OF DATA
As mentioned in the OVERVIEW section, this oscillator provides an indirect representation of the percent proportion of bullish or bearish candles in a given sample. If the oscillator reads 80, this does not mean that 80% of all candles in the sample were bullish . To find the percentage of candles that were bullish or bearish, the user needs to perform the following:
50% + ((|oscillator value| / 100) * 50)%
If the oscillator value is negative, the value from above will represent the percentage of bearish candles in the sample. If it is positive, this value represents the percentage of bullish candles in the sample.
Example 1 (oscillator value = 80):
50% + ((|80| / 100) * 50)%
50% + ((0.80) * 50)%
50% + 40% = 90%
90% of the candles in the sample were bullish.
Example 2 (oscillator value = -43):
50% + ((|-43| / 100) * 50)%
50% + ((0.43) * 50)%
50% + 21.5% = 71.5%
71.5% of the candles in the sample were bearish.
An example use of this indicator would be to put in a 'buy' order when its value shows a significant proportion of the sampled candles were bearish, and put in a 'sell' order when a significant proportion of candles were bullish. Potential divergences of this oscillator may also be used to plan trades accordingly such as bearish divergence - price continues higher as the oscillator decreases in value and vise-versa.*
* Nothing in this script constitutes any form of financial advice. The user is solely responsible for their trading decisions and I will not be held liable for any losses or gains incurred with the use of this script. Please proceed with caution when using this script to assist with trading decisions.
█ LIMITATIONS
Range Volumetric Weights :
Because of the conditions that must be met in order for volume to be considered part of wicks, it is possible that the default settings and their intended reasoning will not produce reliable results. If all lower timeframe candles have highs or lows that are within the body of the candle at the chart's resolution, the volume for the wicks will effectively be 0, which is not an accurate representation of those wicks. This is one of the reasons why I included the ability to change the source values used for these conditions as certain OHLC values may produce more reliable/intended results under these conditions.
Wick Slice Resolution :
PineScript restricts the number of intrabar references to 100,000 total. This script uses 3 separate request.security_lower_tf calls and has a default resolution of 1 minute. This means that if the user were to set the oscillator to the Range setting, enable volume weighted, and had the Wick Slice Resolution set to 1 minute, this script will exceed this 100,000 reference restriction within 24 days of data and will not produce any results beyond the previous 23.14 days.
Below are example uses of all the different settings of this script, these are done on the 1D chart of COINBASE:BTCUSD :
Default Settings:
Classic - Volume Weighted:
Range - no Volume Weight:
Range - Volume Weighted (1 min slices):
Range - Volume Weighted (1 hour slices):
Display Min/Max Guide - No Restriction:
Display Min/Max Guide - Restriction:
Invert Colors:
ATR Trailing Stop Loss [V5]A complete ATR Trailing Stop Loss in version 5.
Features Include:
Timeframe Option
Long/Short Triggers (Green/Red Triangles)
Long/Short Conditions (Bottom Colored Line)
"Golden" Long/Short Triggers (Yellow Triangles)(Hanging Man or Shooting Star Candlestick patterns breaking ATR trailing stop)
Alerts
Current price & Daily openFor those who likes clean chart:
I made a simple script that shows Current price based on the last candle color.
Also can show Daily open line based on the daily candle color.
Daily open line is same as strong support and resistance levels.
Mostly price shows strong responces on daily open line.
1: Daily open line color is blue if current price is above the daily open line.
And daily open line is red if current price is below the daily open line.
This means blue daily open line represents bullish daily candle and red daily open line represents bearish daily candle.
Simply you can expect Buy setup on the daily open line if it is blue and vice versa. That means you are following the daily trend, nothing else.
Always double confirm with your own trading style. It's not guaranteed.
You can use this script when you want to see daily price action or to find daily high lows.
This script helps to identify the following day high and lows too on the lower timeframe.
2: When you add drawing tools on your chart price labels are overlapping or if you choose not overlap then price moves up or down so you are not able to see current price easily.
This script helps to show current price on the last candle. You can easily see the current price.
Current price color is blue when last candle is bullish and it's red when last candle is bearish .
It always calculates last candle. So it could be weekly or 1 minute candle, whatever timeframe you working on.
Thank you.
Dante Bullish/Bearish EngulfingBearish and Bullish engulfings as taught by Tom Dante Piccin. Different from other bullish/bearish engulfing indicators because other indicators only want the body of the current candle to engulf the previous body.
This indicator needs the low and high of the current candle to engulf the previous one and also in the example of a bullish engulfing close above the previous candle high or in a bearish engulfing example close below the low of the previous candle.
JG RSI/MFI/divergence IndicatorThis is a combination of
- RSI (relative strength index)
- MFI (money flow index)
- Divergences on the RSI
MFI behaves much the same as RSI but it more responsive/to some degree a leading indicator. I find it helps having this overlayed with RSI to help gauge price action and sentiment, as well as for confluence with RSI.
MACD Multiple AlertsThis script help traders to catch bullish and bearish momentum. It creates an alert for 40 altcoins based on the MACD cross over and cross under.
The MACD input are adjustable in the settings and you can choose your favorite assets.
Simply add this indicator to the chart wait that if finish to load and then create an alert on the time frame of your choice.
Enjoy your trading
F_rank_01
AMACD - All Moving Average Convergence DivergenceThis indicator displays the Moving Average Convergane and Divergence ( MACD ) of individually configured Fast, Slow and Signal Moving Averages. Buy and sell alerts can be set based on moving average crossovers, consecutive convergence/divergence of the moving averages, and directional changes in the histogram moving averages.
The Fast, Slow and Signal Moving Averages can be set to:
Exponential Moving Average ( EMA )
Volume-Weighted Moving Average ( VWMA )
Simple Moving Average ( SMA )
Weighted Moving Average ( WMA )
Hull Moving Average ( HMA )
Exponentially Weighted Moving Average (RMA) ( SMMA )
Symmetrically Weighted Moving Average ( SWMA )
Arnaud Legoux Moving Average ( ALMA )
Double EMA ( DEMA )
Double SMA (DSMA)
Double WMA (DWMA)
Double RMA ( DRMA )
Triple EMA ( TEMA )
Triple SMA (TSMA)
Triple WMA (TWMA)
Triple RMA (TRMA)
Linear regression curve Moving Average ( LSMA )
Variable Index Dynamic Average ( VIDYA )
Fractal Adaptive Moving Average ( FRAMA )
If you have a strategy that can buy based on External Indicators use 'Backtest Signal' which returns a 1 for a Buy and a 2 for a sell.
'Backtest Signal' is plotted to display.none, so change the Style Settings for the chart if you need to see it for testing.
Bears Bulls Impulse█ OVERVIEW
Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators.
█ CONCEPTS
Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the Bears Bulls Power indicator. Quoting from Admiral Markets, "Bulls Power measures the capability of buyers in the market to lift prices above an average consensus of value. Bears Power measures the capability of sellers to drag prices below an average consensus of value. Using them in tandem with a trend measure allows you to identify favorable entry points."
█ HOW TO USE IT
As soon as the color changes, it indicates a change in the price direction and divergences. Green buy, red sell? Not that simple, but following that pattern for scalping may result in some good entries. Following this indicator blindly will not be accurate as using another indicator to filter the signals in favor of a major trend (that indicator could be another Bears Bulls Inpulse from a higher time frame)
Botvenko ScriptI just test&learn pine script...
Damn, what should I write here? So... Its just a differense between the logarithms of two prices of different periods (You can set the period you want)... And it looks really nice... Ahem...
I hope, you enjoy this piece of... Have a nice day, my dear.
Bias Pivot PointA simple indicator that uses Pivot Points as a filter and to generate a Directional Bias .
How to use this indicator?
1. Directional Bias
Bullish => Closing Price > Pivot Point
Bearish => Closing Price < Pivot Point
2. Support / Resistance
Each Pivot Points can be used as Support or Resistance
3. Take Profit Targets
Each Pivot Points can be used as targets for taking profit
RSI with Divergences, Reverse Formulas, and Bull/Bear ZonesRegular RSI indicator that can underline divergences, turn green or red specifying user specified bull/bear zones, and with a label showing the price needed to turn bull/bear!
Specify the inputs:
+ RSI Length
+ Bull Threshold
+ Bear Threshold
+ Panel Position Offset
Also with toggle-able:
+ Bullish Divergence
+ Bearish Divergence
+ Hidden Bullish Divergence
+ Hidden Bearish Divergence
The zones included in the indicator are default and not meant to be used for all markets. The goal is to alter the bull/bear zones to find good breakout points and selloff points for your chosen security. Does not currently support automatic zone creation, or saving zones for each security (if that is even possible, may just need to create different layouts for each security).
Thanks!
Price Target Pullback Correction or BearPrice Target percent drop is an indicator that allows you to set default percentage down from the 52 week high.
A pullback, correction, bear and a bear market is marked as a 5%, 10%, 20% or 40% drop from the 52 week highest price, so this will show the target price to buy at if these thresholds are hit.
You can change the default values of 5%, 10%, 20% and 40% to any percentage and the price will reflect the change of the default value. Furthermore, the default to use 52 weeks can be changed to find the highest price from the last 26 weeks or 104 weeks.
K's EnvelopesTrading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are all static in time, i.e. they do not move with real time data. In contrast, moving averages are dynamic and do a great job at finding support and resistance levels.
The idea of K's Envelopes is to form support and resistance zones so that we find good entry points. It is a combination of two 800-period moving averages where one is applied to the highs and the other applied to the lows, thus forming a moving zone used to support or place a ceiling on the market price.
Price Clouds (PS)Price could shows you dynamic support resistance levels. It also displays two bands (ie clouds) that show you where the trend is. If the price hits the bottom of the high band thats a buy and if it hits the top of the high band its a sell. During times of volatility the price can break support but you will find that the opposite band will work as the next level. I added tool tips for every option to help explain what everything does and I also left suggestions for other settings.
This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base)
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
4x Stochastic Dingue4 Stochastic indicator into 1.
Different lengths produce short-term and long-term indicators that can help with finding the trend and impulses within the trend.
It can also find reversal points when all 4 are at the extreme at the same time. Ex. All 4 Stoch are above 90 or under 10 !! This could signal a bottom or top is soon to happen. (This is not always true as it depends on many factors.)
Many visual options make it even more customizable. Fill between Stoch, background colors, Crosses.
Divergences are not always accurate, depending on settings and timeframe, but they can be useful in certain situations.
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In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
Triple Modified Hull Moving Average Cross By <Zakaria>Triple Modified Hull Moving Average Cross By
What is this?
this is a modified formula for Hull moving average, it is more accurate and predicts the golden and death cross earlier.
How to use?
Work better in high time frames (1D,1W)
the white line vs the red and the orange lines :
1 - when the white line crosses the red and the orange lines from the bottom the price will go down . Death cross!
2 - when the white line crosses the red and the orange lines from the top the price will go up . Golden Cross!
the red line vs the orange line :
1- when the orange line crosses the red line from the bottom the price will go down . Death cross!
2 - when the orange line crosses the red line from the top the price will go up . Golden Cross!
p.s: the lag between these two lines will be very small. use it in the 1W time frame to predict where exactly the bull market will end.
You can input your personalized values if you want!
Harmonic Pattern Educational Volume 0 (Source Code)This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool.
Gartley and Butterfly patterns were ideal patterns explained from The Harmonic Trader written by Scott M Carney.
Some values are further updated later in Harmonic Trading: Volume Three, also by Scott M Carney.
The Harmonic Trader book was also known as Harmonic Trading: Volume Zero.
Usually Bullish Patterns show as "M" shape while Bearish Patterns show as "W" shape.
";" indicates range, example : 1.27;1.618 meaning that value between 1.27 to 1.618.
Indikator ini bertujuan sebagai pendidikan sahaja untuk Harmonic Pattern menggunakan XABCD Pattern Tool.
Pattern Gartley dan Butterfly, juga sebagai pattern ideal telah diterangkan dari buku The Harmonic Trader ditulis oleh Scott M Carney.
Beberapa nilai kemudiannya telah dikemaskini dalam Harmonic Trading: Volume Three, juga oleh Scott M Carney.
Buku The Harmonic Trader book juga dikenali sebagai Harmonic Trading: Volume Zero.
Kebiasaanya Bullish Pattern tunjuk sebagai bentuk "M" manakala Bearish Pattern tunjuk sebagai bentuk "W".
";" menunjukkan range, contoh : 1.27;1.618 bermaksud nilai 1.27 hingga 1.618.
Indicator features :
1. List XAB=CD patterns including ratio and reference page.
2. For desktop display only, not for mobile.
Kemampuan indikator :
1. Senarai XAB=CD pattern termasuk ratio and rujukan muka surat.
2. Untuk paparan desktop sahaja, bukan untuk mobile.
FAQ
1. Credits / Kredit
Scott M Carney, The Harmonic Trader
2. Pattern and Chapter involved / Pattern dan Bab terlibat
Bullish Ideal Gartley - Page 160
Bearish Ideal Gartley - Page 171
Bullish Ideal Butterfly - Page 194
Bearish Ideal Butterfly - Page 204
3. Code Usage / Penggunaan Kod
Free to use for personal usage but credits are most welcomed especially for credits to Scott M Carney.
Bebas untuk kegunaan peribadi tetapi kredit adalah amat dialu-alukan terutamanya kredit kepada Scott M Carney.
Bullish (M) / Bearish (W) Ideal Gartley
Bullish (M) / Bearish (W) Ideal Butterfly
LebahFX AccDist_CandlesLebahFX Indicator that showing Accumulation and Distribution Signal in HTF Candlestick
Percentage Oscillator SwingThe percentage price oscillator (PPO) is a technical momentum indicator.
It shows the relationship between the close of a candle and the highest/lowest point with a specific lenght in percentage terms.
Rules
The higher percentage on the values upwards, compared to those downwards, the higher the power of the bull trend.
The higher percentage on the values downwards, compared to those upwards, the higher the power of the bear trend.
Bull and Bear Marubozus Candlestick PatternMarubozus are an interesting candle pattern wherein the close and open of the candle are also the high / low points of the candle. In other words, a candle with no shadows or wicks.
How reliable are they, though? Probably not very reliable on their own. It may also depend on the size of the candle. You would probably want to incorporate this candle pattern with other filters, like RSI, MACD, to filter trade opportunities.
[BCT] Identify BULL / BEAR regimes - Laguerre FilterThe Adaptive Laguerre is based on the Laguerre filter, described by John Ehlers in his paper “Time Warp – Without Space Travel”
forex-station.com
MAs obtained using a Laguerre filter tend to have much lower lag than MAs obtained from an SMA or EMA.
Use cases:
- Identify market regime (BULL vs BEAR)
- Smooth out a noisy signal (e.g. apply to RSI, prices, log returns, variance, etc) without adding excessive lag
Highlight based on:
- Smoothed indicator > or < 0
- Derivative of the indicator ("speed") > or < 0
- Second derivative of the indicator ("acceleration" or "momentum") > or < 0






















