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Candlestick analysis

EMP Probabilistic [CHE]Part 1 — For Traders (Practical Overview, no formulas) What this tool does EMP Probabilistic \ turns raw price action into a clean, probability-aware map. It builds two adaptive bands around the session open of a higher timeframe you choose (called the S-timeframe) and highlights a robust median threshold. At a glance you know: Where price has recently tended to stay, Whether current momentum sits above or below the median, and A live Long vs. Short probability based on recent outcomes. Why it improves decisions Objective context in any regime: The nonparametric band comes straight from recent market behavior, without assuming a particular distribution. Volatility-aware risk lens: The parametric band adapts to current volatility, helping you judge stretch and room for continuation or snap-back. No lookahead: All stats update only after an S-bar is finished. That means the panel reflects information you truly had at that time. How to read the chart Orange band = empirical, distribution-free range derived from recent session returns (nonparametric). Teal band = volatility-scaled range around the session open (parametric). Median dots: green when close is above the median threshold, red when below. Info panel: shows the active S-timeframe, window sizes, live coverage for both bands, the internal width parameter and volatility estimate, plus a one-line summary. Probability label: “Long XX% • Short YY%” — a simple read on the recent balance of up vs. down S-bars. How to use it (quick start) 1. Choose S-timeframe with Auto, Multiplier, or Manual. “Auto” scales your chart TF up to a sensible higher step. 2. Set alpha to control how tight the inner band should be. A typical value gives you a comfortable center zone without cutting off healthy trends. 3. Trade the context: Trend-following: Prefer longs when price holds above the median; prefer shorts when it stays below. Mean-reversion: Fade moves near the outer edges during ranges; look for reversion back toward the median. Breakout filter: Require closes that push and hold beyond the volatility band for momentum plays; avoid noise when price chops inside the middle of the orange band. Risk management made practical Size positions relative to the teal band width to keep risk consistent across instruments and regimes. For stops, many traders set them just beyond the opposite orange bound or use a fraction of the teal band. Watch the panel’s coverage readouts and Brier score; when they deteriorate, the market may be shifting — reduce size or demand stronger confirmation. Suggested presets Scalping (Crypto/FX): Auto S-TF, alpha around a fifth, calibration window near two hundred, RS volatility, metrics window near two hundred. Intraday Futures: Multiplier 3–5× your chart TF; similar alpha and window sizes; RS volatility is a solid default. Swing/Equities: S-TF at least daily; test both RS and GK volatility modes; keep windows on the larger side for stability. What makes it different Two complementary lenses: a distribution-free read of recent behavior and a volatility-scaled read for risk and stretch. Self-calibrating width: the parametric band quietly nudges its internal multiplier so actual coverage tracks your target. Clean UX: grouped inputs, tooltips, an info panel that tells you what’s going on, and a simple median bias you can act on. Repainting & timing The logic updates only when the S-bar closes. On lower-timeframe charts you’ll see intrabar flips of the dot color — that’s just live price moving around. For strict signals, confirm on S-bar close. Friendly note (not financial advice) Use this as a context engine. It won’t predict the future, but it will keep you on the right side of probability and volatility more often, which is exactly where consistency starts. Part 2 — Under the Hood (Conceptual, no formulas) Data and timeframe design The script works on a higher S-timeframe you select. It fetches the open, high, low, close, and time of that S-bar. Internally, it only updates its rolling windows after an S-bar has finished. It then pushes the previous S-bar’s statistics into its arrays. That design removes lookahead and keeps the metrics out-of-sample relative to the current S-bar. Nonparametric band (distribution-free) The orange band comes from the empirical distribution of recent session-level close-minus-open moves. The script keeps a rolling window, sorts a safe copy, and reads three key points: a lower bound, a median, and an upper bound. Because it’s based purely on observed outcomes, it adapts naturally to skew, fat tails, and regime shifts without assuming any particular shape. The orange range shows “where price has tended to live” lately on the chosen S-timeframe. Parametric band (volatility-scaled) The teal band models log-space variability around the session open using one of two well-known OHLC volatility estimators: Rogers–Satchell or Garman–Klass. Each estimator contributes a per-bar variance figure; the script averages these across the rolling window to form a current volatility scale. It then builds a symmetric band around the session open in price space. This gives you a volatility-aware notion of stretch that complements the distribution-free orange band. Self-calibration of band width The teal band has an internal width multiplier. After each completed S-bar the script checks whether the realized move stayed inside that band. If the band was too tight, the multiplier is nudged upward; if it was too loose, it’s eased downward. A simple learning rate governs how quickly it adapts. Over time this keeps the realized inside-coverage close to the target implied by your alpha setting, without you having to hand-tune anything. Long/Short probability and calibration quality The Long vs. Short probability is a transparent statistic: it’s just the recent fraction of up sessions in the rolling window. It is not a complex model — and that’s the point. You get an honest, intuitive read on directional tendency. To monitor how well this simple probability lines up with reality, the script tracks a Brier-style score over a separate metrics window. Lower is better: it means your recent probability read has matched outcomes more closely. Coverage tracking for both bands The panel reports coverage for the orange band (nonparametric) and the teal band (parametric). These are rolling averages of how often recent S-bar moves landed inside each band. Watching these two numbers tells you whether market behavior still aligns with the recent distribution and with the current volatility model. Why it doesn’t repaint Because the arrays update only when an S-bar closes and only push the previous bar’s stats, the panel and metrics reflect information you had at the time. Intrabar visuals can change while a bar is forming — that’s expected — but the decision framework itself is anchored to completed S-bars. Performance and practicality The heaviest step is sorting a copy of the window for the nonparametric band. With typical window sizes this stays responsive on TradingView. The volatility estimators and rolling averages are lightweight. Inputs are grouped with clear tooltips so you can tune without hunting. Limitations and good practice In thin or gappy markets the bands can jump; consider a larger window or a higher S-timeframe. During violent regime shifts, shorten the window and increase the learning rate slightly so the teal band catches up faster — but don’t overdo it, or you’ll chase noise. The Long/Short probability is intentionally simple; it’s a context indicator, not a standalone signal factory. Combine it with structure, volume, or your execution rules. Takeaway Under the hood, the script blends empirical behavior and volatility scaling, then self-calibrates so the teal band’s real-world coverage stays near your target. You get clarity, consistency, and a dashboard that tells you when its own assumptions are holding up — exactly what you need to trade with confidence. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Best regards and happy trading Chervolino
Indicateur Pine Script®
par chervolino
Scalping Strategy: FVG + Engulfing This is a scalping strategy based on the Fair Value Gap (FVG) and Engulfing pattern confirmation. It identifies the high and low of the first 5-minute candle after the 9:30 AM EST market open and waits for a breakout supported by a Fair Value Gap. A trade is only triggered after a retest of the FVG zone followed by an engulfing candle in the direction of the breakout. Trades are entered with a fixed 3:1 risk-to-reward ratio and limited to 2 entries per trading day to avoid overtrading. Ideal for NASDAQ scalping on a 1-minute chart.
Stratégie Pine Script®
par faninasir
Katz Candle Momentum Reversal Indicator v4.1Katz Candle Momentum Reversal Indicator (CMRI) v4.1 Overview The Katz CMRI is a comprehensive trading indicator designed to identify trend direction, momentum shifts, and potential market reversals. It combines several different concepts into a single, cohesive visual tool. At its core, the indicator uses a custom Line Break chart calculation to filter out market noise and a Heikin-Ashi-style formula to smooth price action. This combination helps to more clearly define the underlying trend. The main output is a dynamic, multi-colored trend line accompanied by various signals that appear directly on your chart. It's designed to help traders stay with the trend while also spotting key moments of expansion, contraction, and potential reversal. How to Interpret the Indicator The indicator has several key visual components: Main Trend Line: This is the thick, central line that changes color. Green: Indicates a bullish (upward) trend. Red: Indicates a bearish (downward) trend. Faded/Light Colors: Suggest a potential loss of momentum or a pullback within the trend. White: Signals a significant break in the trend structure. Trend Cloud: The shaded area between the main trend line and the white midline (mid). A green cloud shows the trend is above the midpoint, while a red cloud shows it's below. Upper/Lower Bands: The aqua (Trend Up) and yellow (Trend Down) lines represent the recent highs and lows of the established trend. When price is pushing against these bands, it signals trend strength. Background Colors: Gray: A "Contraction Zone." This indicates that the trend is losing momentum and consolidating, warning of potential chop or a reversal. Blue: An "Expansion Event." This highlights a sudden increase in momentum in the direction of the trend. Signal Shapes: Diamonds: These are the primary entry signals. A green diamond below a candle signals a potential long entry, while a red diamond above a candle signals a potential short entry. ⬆️⬇️ Arrows: These are secondary momentum signals. They can be used as confirmation that the trend is continuing. Trading Strategy & Rules This strategy uses the primary diamond signals for entries and trend changes for exits. Long Trade (Buy) Rules Entry: Wait for a green diamond to appear below the price candles. For confirmation, the main trend line should turn solid green, and the price should ideally be above the white midline. Exit: Stop Loss: Place a stop loss below the recent swing low or below the candle where the green diamond appeared. Take Profit: Consider exiting the trade when a red diamond appears above the candles, signaling a potential trend reversal. Alternatively, a trader might exit if the background turns gray (Contraction Zone), indicating the bullish momentum has faded. Short Trade (Sell) Rules Entry: Wait for a red diamond to appear above the price candles. For confirmation, the main trend line should turn solid red, and the price should ideally be below the white midline. Exit: Stop Loss: Place a stop loss above the recent swing high or above the candle where the red diamond appeared. Take Profit: Consider exiting the trade when a green diamond appears below the candles. A gray "Contraction Zone" can also serve as an early warning to exit as bearish momentum wanes. Indicator Filters Explained The indicator includes a "Trend Filter Type" setting that allows you to adjust its sensitivity. This can help reduce false signals in choppy markets. Raw: This is the most sensitive setting. It will generate a trend change signal as soon as the basic conditions are met. Use this for scalping or in strongly trending markets, but be aware that it may produce more false signals. OutStep: This is the default, balanced setting. It adds an extra layer of confirmation by requiring the main trend line itself to be moving in the direction of the new trend. For example, a new green signal will only be confirmed if the trend line's value is higher than its previous value. This helps filter out weak signals. FullStep: This is the most conservative and filtered setting. It includes the "OutStep" logic and adds further conditions related to the upper and lower trend bands. This setting will produce the fewest signals, but they are generally the highest quality, making it suitable for swing trading or avoiding choppy market conditions. Disclaimer This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves substantial risk, including the possible loss of principal. Past performance is not indicative of future results. The signals generated by this indicator are for educational and informational purposes only. You are solely responsible for any trading decisions you make. Use this indicator at your own risk.
Indicateur Pine Script®
par KATZcrypto
$ - HTF Sweeps & PO3HTF Sweeps & PO3 Indicator The HTF Sweeps & PO3 indicator is a powerful tool designed for traders to visualise higher timeframe (HTF) candles, identify liquidity sweeps, and track key price levels on a lower timeframe (LTF) chart. Built for TradingView using Pine Script v6, it overlays HTF candle data and highlights significant price movements, such as sweeps of previous highs or lows, to help traders identify potential liquidity sweep and reversal points. The indicator is highly customisable, offering a range of visual and alert options to suit various trading strategies. Features Higher Timeframe (HTF) Candle Visualisation: - Displays up to three user-defined HTF candles (e.g., 15m, 1H, 4H) overlaid on the LTF chart. - Customisable candle appearance with adjustable size (Tiny to Huge), offset, spacing, and colours for bullish/bearish candles and wicks. - Option to show timeframe labels above or below HTF candles with configurable size and position. Liquidity Sweep Detection: - Identifies bullish and bearish sweeps when price moves beyond the high or low of a previous HTF candle and meets specific conditions. - Displays sweeps on both LTF and HTF with customisable line styles (Solid, Dashed, Dotted), widths, and colours. - Option to show only the most recent sweep per candle to reduce chart clutter. Invalidated Sweep Tracking: - Detects and visualises invalidated sweeps (when price moves past a sweep level in the opposite direction). - Configurable display for invalidated sweeps on LTF and HTF with distinct line styles and colours. Previous High/Low Lines: - Plots horizontal lines at the high and low of the previous HTF candle, extending on both LTF and HTF. - Customisable line style, width, and color for easy identification of key levels. - Real-Time Sweep Detection: -Optional real-time sweep visualisation for active candles, enabling traders to monitor developing price action. Alert System: - Triggers alerts for sweep formation (when a new sweep is detected). - Triggers alerts for sweep invalidation (when a sweep is no longer valid). - Alerts include details such as timeframe, ticker, and price level for precise notifications. Performance Optimisation: - Efficiently manages resources with configurable limits for lines, labels, boxes, and bars (up to 500 each). - Cleans up outdated visual elements to maintain chart clarity. Flexible Configuration: - Supports multiple timeframes for HTF candles with user-defined settings for visibility and number of candles displayed (1–60). - Toggle visibility for HTF candles, sweeps, invalidated sweeps, and high/low lines independently for LTF and HTF. This indicator is ideal for traders focusing on liquidity hunting, order block analysis, or price action strategies, providing clear visual cues and alerts to enhance decision-making.
Indicateur Pine Script®
par wintonbanks
9
OTFThis indicator identifies One Time Framing conditions directly on the chart. One Time Framing occurs when a bar’s high is higher than the previous bar’s high without breaking the previous low (for bullish OTF), or when a bar’s low is lower than the previous bar’s low without breaking the previous high (for bearish OTF). This tool helps traders to spot continuation moves and trend confirmation within any timeframe. Customizable inputs allow users to select the desired time interval and highlight both bullish and bearish One Time Framing sequences. How to use: Apply this indicator on any timeframe to automatically highlight OTF events. Use the visual markers to identify trend continuations or early reversals. Adjust the settings panel for color preferences and OTF sensitivity. No trading signals or strategies are provided; this indicator is strictly for identifying the OTF structure in market price action. Suitable for all levels of traders interested in market structure analysis.
Indicateur Pine Script®
par teoadams
Apex Edge – HTF Overlay Candles“Trade your 5m chart with the eyes of the 1H — Apex Edge brings higher-timeframe structure and liquidity sweeps directly onto your execution chart.” Apex Edge – HTF Overlay Candles The Apex Edge – HTF Overlay Candles indicator overlays higher-timeframe (HTF) candles directly onto your lower-timeframe chart. Instead of flipping between timeframes, you see HTF structure “breathe” live on your execution chart. What It Does • HTF Body Boxes → open/close zones drawn as semi-transparent rectangles. • HTF Wick Boxes → high/low extremes projected as envelopes around each body. • Midpoint Line → a dynamic equilibrium line that flips bias as price trades above or below. • Sweep Arrows → one-time markers showing the first liquidity raid at HTF highs or lows. Under the Hood This isn’t just a visual overlay — it’s engineered for accuracy and performance in PineScript. 1. HTF Data Retrieval • Uses request.security() to import open, high, low, close, time from any selected HTF. • lookahead=barmerge.lookahead_off ensures OHLC values update bar by bar as the HTF candle builds. • When the HTF bar closes, boxes and midpoint lock to historical values — matching the native HTF chart exactly. 2. Box Construction • Body box: built from HTF open → close. • Wick box: built from HTF high → low. • Boxes extend dynamically across each HTF period, updating in real time, then freeze at close. 3. Midpoint Logic • (htfOpen + htfClose) / 2 calculates intrabar midpoint. • Line drawn edge-to-edge across the active HTF body. • Style, width, color, and opacity are user-controlled. 4. Sweep Detection • Flags (sweepedHigh / sweepedLow) prevent clutter: only the first tap per side per HTF candle is marked. • Lower-timeframe price breaking the HTF high/low triggers the sweep arrow. • Arrows are offset above/below wick envelopes for clean visuals. 5. Customisation • Every layer (body, wick, midpoint, arrows) has independent color + opacity settings. • Arrow size, arrow color, and transparency are adjustable. • Default HTF = 1H (perfect for 5m/15m traders) but can be switched to 30m, 4H, Daily, etc. Why It’s Useful • HTF intent + LTF execution without chart hopping. • Liquidity mapping: see where liquidity is swept in real time. • Bias clarity: midpoint line defines HTF equilibrium. • Clean signals: only the first sweep prints — no spam. What Makes It Different Most MTF overlays just plot candles or single lines. This tool: • Splits body vs wick zones for institutional precision. • Updates live intrabar (no repainting). • Highlights liquidity sweeps clearly. • Built for readability and professional use — not another retail signal toy. Cheat-Sheet Playbook 1️⃣ Structure Bias • Above midpoint line = bullish intent. • Below midpoint line = bearish intent. • Chop around midpoint = no clear direction. 2️⃣ Liquidity Sweeps • ▲ Green up arrow below wick box = sell-side liquidity taken → watch for longs. • ▼ Red down arrow above wick box = buy-side liquidity taken → watch for shorts. • First sweep is the cleanest. 3️⃣ Trade Logic • Body box = where institutions transact. • Wick box = liquidity traps. • Midpoint = bias filter. • Best setups occur when sweep + midpoint flip align. 4️⃣ Example (5m + 1H Overlay) 1. ▲ Green up arrow prints below HTF wick. 2. Price reclaims the body box. 3. Midpoint flips to support. 4. Enter long → stop below sweep → targets = midpoint first, opposite wick second. In short: • Boxes = structure • Wicks = liquidity pools • Midpoint = bias line • Arrows = liquidity sweeps This is your SMC edge on one chart — HTF structure and liquidity fused directly into your execution timeframe.
Indicateur Pine Script®
par ApexEdge
Monday's Range Superpowerkyu🔔 Settings You can customize the colors and toggle ON/OFF in the indicator settings. Works on daily, hourly, and minute charts. Easily visualize Monday’s high, low, and mid-line range. 📌 1. Support & Resistance with Monday’s Range Monday High: Acts as the first resistance of the week. ◽ Example: If price breaks above Monday’s high after Tuesday, it signals potential bullish continuation → long setup. Monday Low: Acts as the first support of the week. ◽ Example: If price breaks below Monday’s low, it signals bearish continuation → short setup. 📌 2. Mid-Line Trend Confirmation Monday Mid-Line = average price of Monday. Price above mid-line → bullish bias. Price below mid-line → bearish bias. Use mid-line breaks as entry confirmation for long/short positions. 📌 3. Breakout Strategy Break of Monday’s High = bullish breakout → long entry. Break of Monday’s Low = bearish breakout → short entry. Place stop-loss inside Monday’s range for a conservative approach. 📌 4. False Breakout Strategy If price breaks Monday’s high/low but then falls back inside Monday’s range, it is a False Breakout. Strategy: Trade in the opposite direction. ◽ False Breakout at High → short. ◽ False Breakout at Low → long. Stop-loss at the wick (extreme point) of the failed breakout. 📌 5. Range-Based Scalping Use Monday’s high and low as a trading range. Sell near Monday’s High, buy near Monday’s Low, repeat until breakout occurs. 📌 6. Weekly Volatility Forecast Narrow Monday range → higher chance of strong trend later in the week. Wide Monday range → lower volatility expected during the week. 📌 7. Pattern & Trend Analysis within Monday Range Look for candlestick patterns around Monday’s High/Low/Mid-Line. ◽ Example: Double Top near Monday’s High = short setup. ◽ Repeated bounce at Mid-Line = strong long opportunity. ✅ Summary The Monday’s Range (Superpowerkyu) Indicator helps traders: Identify weekly support & resistance Confirm trend direction with Mid-Line Trade breakouts & false breakouts Apply range scalping strategies Forecast weekly volatility ⚡ Especially, the False Breakout strategy is powerful as it captures failed moves and sudden sentiment reversals.
Indicateur Pine Script®
par superpowerkyu