Popgun Bar PatternI created this script to research the trading effectiveness of the Popgun Bar Pattern.
The Popgun Bar Pattern is found when 3 candlesticks in order form the following pattern:
0. Any bar that is then followed by:
1. An inside bar. This is a bar that is completely engulfed by the bar before it. It will have a lower high and a higher low than the previous bar.
2. An outside bar immediately after. This is a bar that completely engulfs the prior inside bar. It will have a higher high and a lower low than the previous bar.
Simply put, the Popgun Bar Pattern is an inside bar followed by an outside bar.
I would highly recommend incorporating this signal as a "trigger" for existing technical analysis. Used in isolation it may not have a high probability of success.
To make it more effective as a trigger to a trading signal I incorporated into my code an Entry, Stop, and a Target dot.
The Entry dot is offset from the low of a bearish Popgun Bar Pattern or the high of a bullish Popgun Bar Pattern by a factor of ATR. The default ATR percentage is 33% but can be adjusted.
The Stop dot is based on the recent highest high (bearish) or lowest low (bullish) of a set range (default is 9 bars) plus/minus the ATR percentage buffer.
The Target dot is automatically calculated from the entry based on a configurable reward factor (default is 3) from the entry to stop distance. This projects a potential 3:1 reward/risk trade by default.
There is an additional alert condition which can be configured at the end of the script.
Анализ свечей
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
CSRSCandlesticked RSI for price action traders!
See the True Momentum.
You can smooth RSI to remove noises and also find divergences.
fully customizable.
Support and Resistance Levels with Breaks [LuxAlgo]This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator.
Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals.
It will also display breaks with candles it deems to be bullish (e.g. having a longer upper or lower wick).
Notation
The notation of "B" denotes a break of either a Support or Resistance level with a volume greater than the threshold.
The notation of "Bull or Bear Wick" denotes a bullish or bearish candle on the break.
Settings:
Left Bars - the number of bars left hand side of the pivot.
Right Bars - the number of bars right hand side of the pivot.
Volume Threshold - the threshold value (%) for the Volume Oscillator.
Usage & Details:
Knowing when a pivot S/R level is broken with significance can be of great help to a trader. Many times significant levels may not be broken with significant force and the move is therefore weaker and possibly not worth trading.
Original Bravo SwingThe Bravo Swing is based on the methods taught by YouTube celebrity J Bravo.
It uses the 9 day moving average as a base for selecting optimal entry and exit points.
Buy indicator:
A full candle closing above the 9 day moving average generally indicates a bullish signal for an entry.
If conditions are right, this can be seen as a great opportunity to buy.
Sell indicator:
If the candles continue to close above the 9 day moving average, the trend appears to remain bullish.
However, an exit is to be considered once a candle closes below the 9 day moving average, as this indicates a bearish signal may be approaching.
If you you're feeling confident about the uptrend continuing and choose to ignore the exit signal, a candle close below the 20 day exponential moving average should be used as a definite exit point.
Options:
Color code option to display the 180 day moving average in gray during downtrends and white during an uptrend.
The 50 day moving average can be turned on to help better visualize conflicting trends.
Reversal closing priceThe reversal closing price (RCP) is a candlestick pattern which follows two simples rules:
the low price of current candle needs to be lower than the low price of the last 2 candles
the closing price of current candle needes to be higher than the closing price of the last candle
This generates a signal for a long position. For a short position, the conditions are inverted:
the high price of current candle needs to be higher than the high price of the last 2 candles
the closing price of current candle needes to be lower than the closing price of the last candle
Since RCP is a trend follower indicator, the strategy is programmed in such a way that long positions are only placed if the short period EMA is above the long period EMA, and short positions are only placed if the short EMA is bellow the long EMA. Both periods are configurable, and should be ajusted for each asset.
This strategy uses a fixed stop loss and take profit, and the it's ratio is configurable. The stop price is one tick lower than the lowest price of X candles prior to the order execution for long positions, while in short positions it's one tick higher than the higher price. The amount of candles to lookback (X) is configurable. Both stop and take profit prices are displayed, the first as a red line, and the second as a green line.
This is the setting that I've found to work best with TVC:SPX , but you may find a better setting. While the RCP is universal, it's placement depends on the trend and it's strenght, something that is very heterogeneous among assets.
I really wish that I was able to place images, but I don't have PRO, so text will have to do.
This strategy was designed by Alexandre Wolwacz, a.k.a. Stormer.
Closing RangeIndicator shows the closing range of each bar. Closing range is where the bar closes (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%.
In addition, the indicator multiplies closing range by volume to weight toward high volume days.
A simple moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish.
Simple moving average can be enabled/disabled as well as the length adjusted.
Position Size CalculatorThis is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color.
Have to enter the following inputs in order for it to work properly
1. Account Balance : Account balance in either whatever is base currency of account
2. Risk % : Percentage of account balance to lose if stop is hit.
3. Entry
4. Stoploss
5. Target Price
Notes:
- Target Price is required for calculating R/R but is not necessary to calculate position size.
- Formula to calculate position size is : Balance * Risk % / SL %
- Formula to calculate R/R is : TP % / SL %
- SL % = ( Entry - SL ) / Entry * 100
- TP % = (TP - Entry ) / Entry * 100
Thanks to u/Chonky_ for help with feedback.
Swing Highs/Lows & Candle Patterns [LuxAlgo]This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing.
This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past.
🔶 USAGE
It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.
The notations HH, HL, LH, and LL you can see on the labels are defined as follows:
HH : Higher high
HL : Higher low
LH : Lower high
LL : Lower low
🔶 SETTING
Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.
Cumulative Delta VolumeHello Traders,
This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume. The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative Delta is to confirm or deny market trends. you may need to search it for yourself ;)
You have option to see it as Candles or a Line. also there are options to show 2 SMAs and 2 EMAs with different Lengths, you can set the lengths as you wish.
By default it shows CDV as Heikin Ashi Candles, it can also show it as normal candles:
It can show CDV as a line:
Also you may need to check divergence:
Enjoy!
Bullish and Bearish by NicolErazoFThis indicator changes the color of the candlesticks when there’s a change in the trend to the rising or falling trend.
BEARISH ENGULFING: Yellow candlestick. It is an engulfing falling trend reversal; you must make a sell decision.
BEARISH HARAMI: White candlestick. Indicates a possible falling trend change, you must be alert for a possible sale.
BULLISH ENGULFING: Black candlestick. It is a change in the engulfing rising trend, you must make a purchase decision.
BULLISH HARAMI: Blue candlestick. Indicates a possible rising trend change, you should be alert for a possible purchase.
On the chart, you can see the 4 candles, on September 11 the black candle appears indicating a change in the uptrend. But today, the white candle is seen, which appears on September 8, indicating a rebound with a possible change in trend to bearish.
Previous days, on August 26, you see the blue candle with a possible change in the upward trend, which then, on August 28, a yellow candle appears with a change in the downward trend.
The Engulfing indicator (yellow and black) says that the candle has an engulfing change that is radical.
On the other hand, the Harami (blue and white) indicates a possible change in trend that must be previously analyzed.
Harami candles are smaller than Engulfing candles, since Harami in a Japanese term that means pregnancy, where the previous candle is the woman and the next candle is the baby.
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ESPAÑOL
Este indicador cambia las velas de color cuando ocurre un cambio de tendencia ALCISTA o BAJISTA
BEARISH ENGULFING: Vela de color amarillo. Es una cambio de tendencia bajista envolvente, debes tomar una decisión de venta.
BEARISH HARAMI: Vela de color blanco. Indica un posible cambio de tendencia bajista, debes estar alerta para una posible venta.
BULLISH ENGULFING: Vela de color negro. Es un cambio de tendencia alcista envolvente, debes tomar una decisión de compra.
BULLISH HARAMI: Vela de color azul. Indica un posible cambio de tendencia alcista, debes estar alerta para una posible compra.
En el gráfico, se pueden ver las 4 velas, el 11 de Septiembre aparece la vela negra que indica un cambio de tendencia alcista. Pero hoy, se ve la vela blanca, que aparece el 8 de septiembre, indicando un rebote con un posible cambio de tendencia a bajista.
Días anteriores, el 26 de Agosto, se ve la vela azul con un posible cambio de tendencia alcista, que luego, el 28 de agosto aparece una vela amarilla con cambio de tendencia bajista.
El indicador Engulfing (amarillo y negro) dice que la vela tiene un cambio envolvente que es radical.
En cambio, el Harami (azul y blanco) indica un posible cambio de tendencia que debe ser previamente analizado.
Las velas Harami son más pequeñas que las Engulfing , ya que Harami en un término japonés que significa embarazo, en donde la vela anterior es la mujer y la vela siguiente es el bebé.
Auto Analysis Short-term Reversals ExplorationAuto Analysis Short-term Reversals Exploration
Based on a study by Larry Lovrencic
Closing Price Reversals Automatic Analysis
Hook Reversals Automatic Analysis
Island Reversals Automatic Analysis
Key Reversals Automatic Analysis
Open/Close Reversals Automatic Analysis
Pivot Point Reversals Automatic Analysis
Nifty Expiry Day Vikas DhariwalStrategy for Expiry day plan
Here you can find easy expiry day of nifty and bank nifty
mark Thursday with color to find that day for test any expiry strategy plan
thanks call for more updated 8287335651
Paint 1 & 3 Bars (The Strat)Based on 'The Strat' methodology by Rob Smith.
This script will paint 1 & 3 bars per 'The Strat'.
N.B. Per 'The Strat' a bar is seen as a 1 (inside) when the bar's high or low is an equal tick to the previous bar.
Smoothed CandlesHello Traders,
This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.
There are three scaling methods: User Defined, Dynamic (ATR) and Percentage
Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages
Optionally you can hide the Wicks, example:
You can add moving averages:
Easily find breakouts:
Enjoy!
HTF Candle CloseThis draws a label to alert user when a higher timeframe candle closes on a intraday chart.
Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
Candle finderInput the open, high, low and close of any candle and this script finds candles that are like it. Deviation input and ability to mark candles that are alike.
Bar BreaksThis indicator helps visualize bar breaks, where one candle trades higher than the previous candle's high, or lower than the previous candle's low. This is especially helpful for spotting larger timeframe "cups".
[DN] NK225 USDThis script simply draw US dollar based NK225 chart. CFD's JPXJPY is used as data source.
When you want check NK225 as US dollar, this script were pretty good. I hope :-)
Gap Down Reversal StrategyA "Gap down Reversal" is when the current days candle, opens, below the prior days close, and "finishes up" on the day with the close greater than the open. This type of price action can provide traders with favorable entry points to trade long, as anyone who was short the prior day, can get squeezed or panic out of the trade as they would see profits erode quickly from the gap down at the open.
Strategy results are shown on SHOP with 10k starting capital and 10k per trade. The strategy enters at next days close after the gap down reversal fires off, and a 5% trailing stop order is also executed. This is important to understand when experimenting with different trailing stops on different symbols and observing results to find the most viable strategy. The discretionary trader may choose to enter at the close, or at the next days open, so understand results are not calculated for those entry points.
You also may alter the start date of the strategy, so you can include, or exclude certain dates.
Experiment with different stops and symbols! More volatile symbols most likely will need looser stops and Vice Versa. Concentrate on symbols in up trends, as "the dips" usually get consistently bought in these names, but hard reversals in downtrends can happen as well.
Any questions/concerns please let me know and happy trading.
SessionsThis is an advanced level sessions indicator.
Not so much an indicator, more of an auto way of plotting levels rather than drawing levels by hand every day.
It maps out the London and New York Sessions.
It also maps out the closing time and price for future reference.
Daily high and low of the past few days are laid out.
Each setting can be turned on and off in the settings if you don't require that session info.
The time settings are setup according to NY time. It should work straight without any modifications.
If you are a price action trader using sessions, this indicator will help you track price movement between sessions and give you possible support and resistance levels based on the previous session close.
This indicator does require allot of sessions based trading knowledge but if you understand it, it can be of major use to you.
Best used on GBP and USD currency pairs
Best timeframes 5Min - 1Hour
Best trading style would be day trading
3-Bar and 4-Bar PlaysThis indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend. The 3 and 4-bar play is taught by Jared Wesley and Anmol Singh at Live Traders.
The indicator works by looking for a wide ranging bar breaking out of an offset donchian channel, followed by one or two consolidating bars, then a continuation in the direction of the move. The script will place a label on the chart when it spots the pattern and alerts can be set up. Enjoy!
