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Candlestick analysis

PO3 Price action with target levels *Overview The PO3 Price Action V2 is a sophisticated multi-timeframe trading indicator that combines advanced price action analysis with Fibonacci retracement levels, trend detection, and comprehensive risk management features. this tool provides clear visual signals and structured trading setups. *Possible trend change arrow signals: The indicator identifies valid candlesticks (those with a body larger than 55% of the total candlestick range) and Candlesticks with significant tails (long wicks) Possible uptrend is identified by a blue arrow below the candle that close above bearish valid (strong) candle while possible downtrend is identified by a red arrow above the candle that close below bullish valid (strong) candle (onedrive.live.com)] (onedrive.live.com) *Trend detection line and dynamic stop loss The use of ATR (default: 1.5) in this indicator provides a dynamic and volatility-adjusted method for determining trend direction and setting stop loss levels. This approach helps in following trends while managing risk according to market conditions. (onedrive.live.com)] (onedrive.live.com) * Entry Confirmation and Targets detection by Fibonacci levels : After trend detection by the ATR line , Fibonacci Levels: Six key levels (0%, 61.8%, 100%, 127%, 161.8%, 227%) with dynamic coloring are automatically drawn based on the swing high before buy signal and subsequent swing low • 61.8% level acts as confirmation - trade only active when breached (turns blue and thick when price closes above it) • Four profit targets for partial taking: Gold Lines: Key Target levels (127%, 161.8%) - become green when touched and Higher extensions (227%) for extended trends (onedrive.live.com)] (onedrive.live.com) (onedrive.live.com)] (onedrive.live.com) Bright target table is an active trade Non-bright target table (Grayed Out) is last completed trade (non-active) (onedrive.live.com)] (onedrive.live.com) (onedrive.live.com)] (onedrive.live.com) *Multi-time frame table (onedrive.live.com)] (onedrive.live.com) Best Buy Entry Conditions: 1- The higher time frame in MTF table is Positive 2- Start of uptrend (ATR) line and SL label 3- Change of fibo 0.618 level into thick blue line Example of buy entry condition in day timeframe trading (onedrive.live.com)] (onedrive.live.com) Volume detection by candle colors; (onedrive.live.com (onedrive.live.com
Indicateur Pine Script®
par dr_sayedr83
3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern. It is a price action indicator where a price action which identifies the defeat of buyers and sellers. If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down. In my trading experience this is what defines the price movement. It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation. How does it work? Upside/Green signal Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade. Here the buyers defeated the sellers. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4. Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. I call it the +-+ or GRG pattern. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders. Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster. Downside/Red signal Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4. We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market. I call it the -+- or RGR pattern. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders. Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster. Important Settings You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence. You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example. Rest are self explanatory. Pointers If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it. If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks. The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even. Hold targets for longer targets and don't panic. If last 3-4 days have been sideways then there is a good probability that day will be trending so we can hold our trade for longer targets. Target to hold the trade for whole day and not exit till the day closes. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets. Trail your SL. For indexes I would use 5 min and 15 min timeframe. For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10. Trade with small lot size. Money management will happen automatically. With small lot size and correct Risk-Re ward we can be very profitable. Don't trade with big lot size. Stay in the market for longer and collect points not money. Very imp - Watch market and learn to generate a market view. Very imp - Only 4 candles are needed in trading - strong bullish, strong bearish, hammer, inverse hammer and doji. Go big on bearish days for option traders. Puts are better bought and Calls are better sold. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
Indicateur Pine Script®
par pranayjha
12
Custom Fibo Line v.jd ⸻ 🧭 Custom Fibo Line v.jd – Dual Anchor Hi/Lo & Reverse Custom Fibo Line v.jd is a custom Fibonacci indicator designed to display two symmetrical Fibonacci sets (upward and downward) based on a single anchor candle chosen by the user. The indicator keeps all Fibonacci levels fixed and consistent even when you switch chart timeframes. ⸻ ⚙️ Core Concept • The user selects an anchor candle (based on date & time) from a specific timeframe, e.g., M30. • The indicator automatically takes the high and low of that anchor candle as the base points (0 and 100). • From these base points, the indicator draws two Fibonacci structures: • Upward: low → high • Downward: high → low Fibonacci Levels Used: 0%, 23.6%, 100%, 161.8%, 261.8%, 423.6% ⸻ 🟪 Main Features ✅ Dual Fibo Line Displays two mirrored Fibonacci sets — upward and downward — derived from the same anchor candle. ✅ Custom Candle Anchor You can freely choose: • The anchor timeframe (e.g., M30) • The specific date & time as the anchor reference The anchor candle remains fixed even if you switch chart timeframes (e.g., M5, M1, H1, etc.). ✅ Automatic Right Extension Lines and areas can automatically extend to the right based on the number of bars and the target timeframe (e.g., 50 bars on M5). ✅ Extension Areas (Fibo 161.8 / 261.8 / 423.6) Each extension level can be displayed as a shaded area (band) with fully customizable color and width. ✅ WZ Zone (Between 23.6 Up & Down) Creates a single highlighted area (default purple) between the upward and downward 23.6 levels. This zone is often used as a re-entry or re-test area. You can freely adjust the label text and colors. ✅ Right-Side Labels (Level & Price) Displays Fibonacci levels and their corresponding live prices on the right side of the chart. You can turn this feature on or off in the settings. ✅ Optional 0% Level Display If you don’t need the base level, you can hide the 0% line and label without affecting other levels. ✅ Top-Right Info Panel Shows a quick summary of your active configuration: • Anchor timeframe • Anchor range (High–Low) • Area width mode • Number of extension bars • Target timeframe for extension ✅ Stable Across Timeframes All Fibonacci levels remain fixed relative to the selected anchor — they do not shift or recalculate when you change chart timeframes. ⸻ 🎯 Use Cases • Identify potential reversal or re-entry zones using key Fibonacci symmetry. • Project expansion targets in line with market structure (161.8 / 261.8 / 423.6). • Visualize mirror price movements from a key candle (e.g., news candle, session open, breakout bar). • Maintain consistent analysis even when changing timeframe views. ⸻ 🕹️ Quick Tips 1. Select your Anchor Candle Timeframe and the exact date & time of the bar you want to use. 2. Adjust the extension range and target timeframe as needed. 3. Use the WZ zone (23.6–23.6) as a key range for re-entry or reaction levels. 4. Watch the extension bands (161.8 / 261.8 / 423.6) for potential continuation targets. ⸻ Developer’s Note: This indicator is built for flexibility and precision. Once an anchor is defined, all Fibonacci levels remain static and consistent, giving you a stable multi-timeframe reference for technical analysis. ⸻ Short version (for TradingView Description box): Displays dual, mirrored Fibonacci levels from a single anchor candle. Includes customizable WZ zone (23.6–23.6) and extension areas (161.8 / 261.8 / 423.6). Levels remain fixed across timeframes for consistent analysis. ⸻
Indicateur Pine Script®
par funtrading_id
Project Pegasus ChronosDescription Project Pegasus Chronos is the flagship volume-intelligence overlay of the Pegasus suite, built for traders who read the tape. It spots where the tape gets hit, where moves get absorbed, and when pressure flips — in real time, without repainting. Chronos blends high-signal volume spikes, absorption, pure-delta mismatches, and two crisp market-pressure HUDs into one surgical visualization that stays readable even on noisy charts. What’s unique Layered volume intelligence that cuts through noise: spikes, absorption, delta traps, trend bias, and pressure — at a glance. Absorption Engine – Proprietary scoring of wick/body/delta context to flag “hit & hold” moments where moves stall. Pure-Delta Mismatch Bubbles – Instantly reveal fake strength or weakness when the candle fights the tape. Mirage Filters (Add-on) – Smart VolSpike & PriceClamp regime tags (squeeze vs. burst) for clean entries and exits. Pegasus TrendDynamic – Adaptive bias band with one-look flips and optional shadow fill for context. Dual HUDs – Buy/Sell Volume HUD and Market Pressure HUD with a Shock badge for sudden impulses. Readable by Design – Color presets, clustering, absolute filters, and performance scopes (12/24/48/72H) keep charts fast & clean. Non-repainting – Signals are produced only on confirmed bars; no lookahead. How it works Chronos aggregates recent market behavior into simple, decisive visuals: Bubbles scale by spike tier and direction to highlight initiative participation. Absorption marks flag bars where flow hits and fails to push through. Pure-delta markers expose liquidity traps (delta vs. candle color). TrendDynamic provides a smooth, adaptive bias rail. HUDs quantify who’s pressing harder and when a shock event fires. How to use Stalk large bubbles near key levels; pair them with absorption marks to time fades or continuations. Treat pure-delta mismatches as early trap signals — especially near session highs/lows or FVGs. Trade in alignment with the TrendDynamic bias; use Market Pressure HUD & Shock to time adds or cuts. Refine visuals via clustering and absolute-volume filters on fast instruments. Notes & limitations Built for intraday futures, crypto, and FX — but works across assets and timeframes. If visuals get heavy, use scope, clustering, and filters to keep it buttery smooth. Analysis and visualization tool — not a signal service. Disclaimer For educational and informational purposes only. Not financial advice.
Indicateur Pine Script®
par Project_Pegasus
Fair Value Gap / iVFG / Imbalance / MTF SuiteDescription This indicator detects Fair Value Gaps (FVGs) and Imbalances across up to 10 user-selected timeframes and manages them with precise retest handling and clean visualization options. What’s unique 3-candle FVG detection per timeframe (no lookahead). Retest handling: on the first touch the touched edge snaps to the retest wick and the zone recolors (fresh → retested). Right-side projection limits to avoid endless extensions. Deterministic multi-TF overlay: HTF zones are computed independently (lookahead off) and drawn in a stable, priority-based order. iFVG / parked zones: optionally convert a filled gap into an iFVG (parked/blue) instead of deleting/greying it. Optional Imbalance Add-on (3-candle), with split halves + 50% midline. How it works (technical) FVG logic (3 candles): Bullish when low > high (gap up); Bearish when high < low (gap down). The created box spans the untraded range of candle B and starts at time . Retest behavior: On the first wick-touch, the nearest boundary adapts to the wick extreme. If enabled, the box recolors to a “retested” palette. Projection: Boxes extend to the right; optional bar limit constrains length. Display limits: FIFO pruning per direction keeps only the newest N boxes; iFVG/grey pools can share or use separate limits. Imbalance Add-on (optional): Classic 3-candle imbalance; draws upper/lower halves and an optional 50% midline. No lookahead / confirmation: Calculations run with barmerge.lookahead_off; detection finalizes on bar close (repaint-free on close). How to use Treat fresh gaps as potential reaction zones or confluence with liquidity / structure. Use retested gaps for continuation or rejection logic. Limit right-projection and visible count to keep charts readable on lower TFs. Combine with your own execution rules (entries, stops, partials). Key settings General: adjust/recolor on retest, right-side limit (bars). Display Limits: max visible per direction; separate iFVG cap if desired. Visuals: filled vs. outline, transparency, TF labels (auto or custom), label alignment. Theme: presets (Pegasus Classic, Icefire, Solarized, Heatmap, Pastel, Monochrome) or Custom colors. Timeframes: enable up to 10 TF slots (e.g., M1/M5/M15/H1/H4/D1…). Add-on — Imbalance: enable/disable, midline on/off, filled/outline, colors. Alerts New Bullish FVG New Bearish FVG Add-on: New Bullish Imbalance Add-on: New Bearish Imbalance Notes & limitations FVG detection is confirmed on bar close; intrabar retest recolor can occur as price interacts. Historical rendering depends on chart history & session settings. Many TFs + large box counts can be heavy; use projection limits and display caps for performance. This tool does not generate trade signals; it visualizes inefficiencies for discretionary or rules-based workflows. Disclaimer For educational and informational purposes only. Not financial advice. Access / Support: Invite-only. For access or assistance, please DM.
Indicateur Pine Script®
par Project_Pegasus
Candle Pattern Detector SMC with Alerts @AshokTrendJust Follow Hammer, Inverted Hammer, Hanging Man, Engulfing, volume adn smc consideration, Trading the candlestick patterns (Hammer, Inverted Hammer, Hanging Man, Bullish/Bearish Engulfing) with volume confirmation adds an important layer of validation, helping to filter false signals and improve trade success. Here’s how to integrate volume into your strategy: *** ### How to Trade Candlestick Patterns with Volume Confirmation #### 1. Understand Volume Role - Volume shows the strength behind price moves: - Higher volume on a pattern (compared to recent average) indicates strong participation, increasing the pattern’s reliability. - Low volume may mean weak conviction and higher risk of failure. #### 2. Volume Confirmation Rules - Define a volume threshold, for example: - Current candle’s volume > average volume of last 10 or 20 candles (or a fixed multiplier, e.g., 1.2× average). - For bullish patterns (Hammer, Inverted Hammer, Bullish Engulfing): confirm with rising volume on pattern candle or next candle. - For bearish patterns (Hanging Man, Bearish Engulfing): confirm with higher volume on pattern candle indicating strong selling. #### 3. Entry Signals with Volume - **Bullish Entry:** - Signal candle (Hammer, Bullish Engulfing, etc.) appears near support or order block. - Volume on the signal candle or immediate next candle is higher than average. - Enter long on confirmation candle or close of signal candle. - **Bearish Entry:** - Signal candle (Hanging Man, Bearish Engulfing, etc.) appears near resistance or supply zone. - Volume on the signal candle or immediate next candle exceeds average. - Enter short on confirmation candle or close of signal candle. #### 4. Stop Loss & Targets - Place stop loss just below (for longs) or above (for shorts) the low/high wick of the signal candle or the order block zone. - Set take profit based on nearby support/resistance, risk-reward ratio, or a fixed number of candle closes. #### 5. Avoid Trading Without Volume Confirmation - Reject candles if volume is below threshold to reduce false signals. ### Summary Trading candlestick patterns combined with volume confirmation ensures only well-supported setups are taken, improving win rates and reducing noisy or fake signals. Volume adds a critical dimension to the SMC candle patterns for binary or any form of trading. Would you like me to generate a full Pine Script that integrates volume confirmation with the patterns you requested?
Indicateur Pine Script®
par ashok137a
HADES Timecycle SMTWhat this indicator tracks 1) Time‑cycles based on QT (Micro → 90‑minute → Daily → Weekly) HADESSMT segments the trading day and week into recurring phases and paints them directly on your chart: real time plotting of SSMTs for Micro cycles, when Q1 and Q2 highs or lows are different for correlated assets. same for the 90‑minute quarters , Daily cycles and Weekly cycles 2) SSMT : The script continuously compares your chart to a correlated instrument and highlights cycle‑scoped SMT divergences : Scopes: Micro, 90m, Daily, Weekly. The tool draws compact slanted segments between consecutive cycle highs/lows and places a small label with the scope tag (e.g., 90m, D, W, Mic.) and the comparison ticker. Table summary: A docked panel logs Bullish/Bearish SMT currently active per scope. In plain English: when two tightly related markets fail to confirm each other’s new extremes inside the same cycle window, HADESSMT calls that out visually and in the table. 3) PSP /scanner (👁️) A compact scanner runs on 240m, 60m, and 15m composite views of your chosen inter‑market set and tags bars with an eye icon (👁️): 👁️ below price → a bullish turning‑point signature. 👁️ above price → a bearish turning‑point signature. Events are logged in the table (e.g., “60m Bullish PSP 👁️”). Treat PSP tags as context—they’re not trade signals by themselves. They often add confluence when they align with SSMT and cycle boundaries. 4) “True Open” levels includes a daily open line that marks midnight open for the day. Inter‑market sets (Triads & Dyads) HADESSMT automatically picks a comparison instrument based on what you’re charting. Two mechanisms exist: Triads (auto‑pairing): FX: EUR + GBP ↔ inverse DXY Metals: Gold + Silver US Indices: NQ + YM + ES You can show one or both comparison legs. Tip: If you don’t see SMT labels, ensure your symbol belongs to one of the configured sets or customize the tickers in Triad inputs. On‑chart visuals you’ll see Thin slanted SMT markers between successive cycle extremes with a small scope/ticker tag. 👁️ PSP labels on higher‑timeframe bars. True‑Open lines labeled 00:00 (daily) . Summary table (right side by default) containing: The comparison ticker currently in use, Any active Bullish/Bearish SMT per scope, Recent PSP 👁️ calls at 240/60/15 minutes. How to use it (practical flow) Pick your market & ensure a comparison exists (Triad ). Important: HADESSMT is a context engine, not a trade system. Use your own risk management and confirmation. Triad– enable one/both SMT comparisons; edit the default tickers if your broker symbols differ. Timezone – UTC offset (default -4) to align cycle splits with your session. Micro features appear on charts ≤ 5m. 90‑minute features are designed for charts ≤ 30m. Daily features prefer charts ≤ 3h. Weekly features render reliably on daily charts and below. (If a layer doesn’t appear, you may be on a timeframe above its designed threshold.) FAQs Why don’t I see SMT on my market? Ensure the symbol is in one of the configured Triad sets, or add your own correlated ticker(s). What exactly is PSP? A compact pressure/turn signature across your inter‑market set. It’s presented as an 👁️ tag and a table entry (bullish/bearish). The internal detection specifics are intentionally abstracted.
Indicateur Pine Script®
par HadesFutures
ICT CBT + Elliott Wave + Candlestick PatternsICT CBT + Elliott Wave + Candlestick Patterns Strategy Overview 🎯 Strategy Overview This is a multi-dimensional technical analysis trading system that integrates three major technical analysis methods: ICT core concepts, Elliott Wave analysis, and candlestick pattern recognition, providing traders with comprehensive market analysis and precise buy/sell signals. 📊 Core Components 1. ICT CBT Resistance Line System Calculation: Average of 12-period EMA and 89-period SMA Function: Serves as a dynamic support/resistance line; prices above indicate bullish market, below indicate bearish market Real-time Display: Extends current CBT line position and values on the right side of the chart 2. Elliott Wave Analysis Engine Pattern Recognition: Impulse waves (waves 1,3,5) and corrective waves (waves 2,4) Key Trading Points: 🌊 Wave 2 Pullback: 38.2% Fibonacci retracement level 🌊 Wave 4 Pullback: 61.8% Fibonacci retracement level 🌊 Wave 3 Breakout: Confirmation of wave 3 beginning with breakout above previous high 🌊 Wave C Breakout: Signal for wave C beginning in bear markets 3. Candlestick Pattern Recognition System Bullish Patterns (Orange indicators): 🕯 Hammer: Bottom reversal signal 🕯 Bullish Engulfing: Strong reversal pattern 🕯 Morning Star: Triple bottom reversal Bearish Patterns (Purple indicators): 🕯 Shooting Star: Top reversal signal 🕯 Bearish Engulfing: Strong top pattern 🕯 Evening Star: Triple top reversal 4. Classic Technical Patterns 123 Pattern: Trend reversal confirmation 2B Pattern: False breakout reversal signal Structural Breakout: Important support/resistance breakout ⚙️ Intelligent Filtering System EMA51 Trend Filter Function: Ensures trading direction aligns with the main trend Rules: Only long signals when EMA51 is rising Only short signals when EMA51 is falling Optional enable/disable Risk Management Module Stop Loss Calculation: Dynamic adjustment based on ATR (1.5x ATR) Take Profit Target: Adjustable risk-reward ratio (default 2:1) Minimum R/R Ratio Filter: Only shows signals meeting the risk-reward requirement 🎨 Visual Identification System Signal Color Coding Elliott Wave: Blue 🌊 Candlestick Buy: Orange 🕯 Candlestick Sell: Purple 🕯 Basic Technical Signals: Green ✅/Red ✅ Box Display Stop Loss Area: Red transparent background Take Profit Area: Green transparent background Border Options: Choice of no borders or thin same-color borders 📈 Signal Priority The system displays signal types in the following priority order: Candlestick Pattern Signals (Highest priority) Elliott Wave Signals Basic Technical Signals (Lowest priority) When multiple signals appear simultaneously, higher-level signal types are prioritized for display. 🔧 Parameter Configuration Basic Parameters Risk-Reward Ratio (1.0-5.0) Stop Loss ATR Multiplier (0.5-3.0) Minimum R/R Ratio Filter (1.0-3.0) Theory Switches Elliott Wave Mode: Enable/Disable Candlestick Pattern Recognition: Enable/Disable EMA51 Trend Filter: Enable/Disable Display Control Historical Signal Display Stop Loss/Take Profit Box Display Box Border Display 💡 Usage Recommendations Best Practices Multi-timeframe Verification: Confirm trend on daily charts, find entry points on 4H/1H charts Confluence Trading: Wait for multiple signal types to converge at the same position Strict Risk Management: Always maintain risk-reward ratio of 1:2 or higher Trend Following: Prioritize signals that align with EMA51 trend direction Suitable Markets Major Forex currency pairs Stock index futures Cryptocurrencies Stocks (high liquidity) Timeframes Recommended: 4-hour charts, daily charts Also applicable to: 1-hour charts (parameter adjustment required) ⚠️ Risk Disclaimer Technical Analysis Limitations: All technical indicators have lag Market Risks: Black swan events may invalidate technical analysis Money Management: Recommended single trade risk not exceeding 2% of total capital Live Testing: Thoroughly test on demo accounts before using in live trading 🚀 Strategy Advantages Multi-dimensional Confirmation: Three independent analysis methods mutually verify Visual Intuitiveness: Clear color coding and identification system Flexible Configuration: Adjustable parameters based on personal trading style Risk Management: Built-in scientific stop loss and take profit calculations Historical Backtesting: Supports viewing historical signal performance This strategy system provides traders with a comprehensive, scientific technical analysis framework to help make more rational trading decisions in complex market environments.
Indicateur Pine Script®
par pengbo99
DAMMU Buy vs Sell Liquidity + DifferenceIndicator Name: Buy vs Sell Liquidity + Difference Purpose: This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance. Key Features: Aggregation Timeframe: Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed. Buy & Sell Volume Calculation: Buy Volume: Total volume of candles where close > open. Sell Volume: Total volume of candles where close < open. Daily Reset: Totals reset at the start of each new day, ensuring intra-day liquidity analysis. Difference Calculation: Shows the absolute difference between buy and sell volumes. Also calculates the difference as a percentage of total volume. Percentages: Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights. Table Display: A two-row table in the top-right corner of the chart: Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas). Row 2: Percentages for BUY, SELL, and DIFF (4 decimals). Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance). How to Use: High Buy Volume: Indicates strong buying pressure; bullish sentiment. High Sell Volume: Indicates strong selling pressure; bearish sentiment. Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance. Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend. If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.
Indicateur Pine Script®
par dammucool