Description. 1. This indicator finds and displays master candles. 2. Master Candle (MC)? After the MC, the first candle becomes the MC if there is a movement of 4 candles trapped in the master candle. 3. Option setting 3.1. Specify min/max size and pip conversion variables to specify the size of the master candle (MC). 3.2. The size of the master candle (MC)...
This script calculates and draws the initial balance price levels which can be really interesting for intraday activities. Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels The tool includes the following options Customization of the session used to calculate the initial balance (default 0930-1030) ...
This indicator shows the breakthrough of extremes for the selected period. The default period is set = 3 The indicator checks on the current bar whether the maximum or minimum prices for the selected period are broken ---------------- Данный индикатор показывает прорыв экстремумов за выбранный период. По-умолчанию выставлен период = 3 Индикатор проверяет на...
EMA or Exponential Moving Average (EMA) is a technical indicator used in trading practices that shows how the price of an asset or security changes over a certain period of time. The EMA is different from a simple moving average in that it places more weight on recent data points (i.e., recent prices) In this script plain EMA or MA is not used for candle...
This script generates a Major Arcana Tarot card for each candle at its close. The candle is divided into 22 sections, each section corresponding to one of the Major Arcana. When a candle closes, it closes in one of those 22 sections and that generates the card. You could read green candles as upright and red candles as reversals. Uses ---- Use this to pull a...
#TheStrat Price Continuity is a simple concept in where market participants across multiple time frames are in-sync with each other. The concept looks at multiple time frames & assess if harmony exists between them. The way that is done is looking at closing price vs opening price on each time frame. If monthly bar is up & weekly bar is up and daily bar is up,...
Hello All, I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you. Options: You can set Higher Time Frame, by default it's 1 Day. Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels. It can show higher...
This script is designed as an ATR-based trailing stop tool to assist in managing open positions. Once you're involved in a profitable trade, if you add this script to your chart you'll be prompted to select a bar to begin trailing from. You can then adjust the candle lookback distance for swing high/lows (7 by default), the ATR multiplier (1.0 by default), and...
█ OVERVIEW This indicator demonstrates how we can use Pine script for collecting data to study the market. By building a statistical report based on the chart candlestick analysis, discover if there is an edge or not, when and where? Compare it with a specific candlestick pattern and know how its behavior diverges. I have already covered some here . I...
Trend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections. The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules. Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will...
Wick play is a candle stick long setup popularized by 2020 US Investing Champion Oliver Kell Wick Play is a setup in which: Strong stock with momentum to the upside closes off the highs of the day in yesterdays session. Today's session opens in the candle "wick" of yesterdays bar. If stock holds in the wick and doesn't trade in the body of yesterdays...
** SSS 50% - Displays Outside Warning and Previous High/Low on Current chart timeframe or Custom Timeframe Selection ** Outside Warning and Previous high/low levels default is set to the current charts timeframe. For all Custom Timeframes, select within Indicator settings. Note this indicator is a simple version of my previous SSS Rule Indicator and HTF as...
Want to know how the bulls and bears are doing? Use this to see the attempts made for making big moves and their outcomes to feel more confident in your entry or exit and know when the tides are turning. Do not read a single arrow or cross on the chart and think it means one thing. Take in the big picture and detect patterns and frequency of good or bad signals to...
The script combines my favorite signals then filters them with three EMAs. Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below. All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts...
This is an example script for checking how far the current bar has progressed towards it's completed state. This works for any time frame, eliminating extra logic calls and conversions for each timeframe.period. It is not intended to be a standalone indicator, but rather as a resource for additional logic triggers on the real time bar of a pine script. The main...
Calculates price range between candle high and candle low.
Market Watcher is companion table indicator that keeps an eye on the rest of the market, regardless of the ticker you are currently viewing. Keep track of up to 8 tickers and their change on the day as well as their distance from their all time high. After all, who doesn't like an all time high??? Also keep track of 8 additional tickers and either their change on...
The Average Gain/Loss indicator adds rays to show what the average trade range might be for a given ticker based on historical data. Green lines are the average gain, red lines are the average loss and black are the overall average. Darker lines are the average of close to close and lighter lines are the candle averages. Default average is set to 50 bars but is...