Heikin-Ashi Candles (by Ethrex)Allows to see how Heikin-Ashi candles are computed and see the bars side-by-side with normal prices.
Анализ свечей
The Lie Detector [LucF]Sometimes the simplest things turn out to be surprisingly useful.
Wyckoff's second law of cause and effect implies that price movement (up or down) should be proportional to the effort (volume) supplied. Price is not subject to gravity; without volume it cannot move.
This one-line indicator acts a bit like a lie detector for price action.
It simply identifies bars with decreasing volume, the idea being that movement on a bar where volume has decreased is considered suspicious.
Falling volume accompanied by much price movement is more suspicious than it is on bars with less movement.
Pure luck would have it that the varying size of the candlestick bodies provides an easy way to visually grasp the degree of suspiciousness their movement should be considered with because it is directly proportional to the body's size. Large, empty bodies are more suspicious than small ones.
Taking things from the opposite perspective, this indicator reveals the more meaningful candles on your chart, the ones telling the truth, since their color is not changed if they are accompanied by rising volume.
pipe_finder. Reversal Indicator for Pipe Top & Bottom Patterns.Simple indicator to find pipe bottom and top patterns.
Definition:
- Pipe Bottom:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is red and the current candle is green
- Trend Definition - (Trend for EMA length 'z" has a slope less than 0 or pointed downwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
- Pipe Top:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is green and the current candle is red
- Trend Definition - (Trend for EMA length 'z" has a slope greater than 0 or pointed upwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
Settings:
Sensitivity: How thick do the pipe candles have to be? (Greater sensitivity = more alerts)
Candle Thickness Average Period: The number of past candles used for measuring the average body size of candlestick.
Filter EMA Length: Length of the EMA used to filter between bull trends and bear trends.
Volume EMA Length: Length of the volume EMA.
Bullish/Bearish Candelstick patternHey!
This time I took the pattern recognizer from a previous script I worked.
It overlays the Arrows on the chart.
Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal
NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete script.
I unticked:
Morning Star
Evening Star
Shooting Star
Bullish Harami (too bearish on corrective phase)
Hanging Man
Red Cloud Cover
Candlestick smoother + x-SignalingHey!
This is a script I remade from various scripts I had.
It's a smoother of candlestick by VWMA , that means that will give information about the trend strenght and actual situation, as you might notice.
I also added a crossing over signaling with RED/GREEN colours.
When the chart is coloured red, means that soon there will be a selling opportunity.
When the chart is coloured green, means that soon there will be a buying opportunity.
For any question, just do it! ;)
Enjoy the ride, and always φ !
Bars In a Row Counter Pro by RRBBars In a Row Counter Pro by RagingRocketBull 2018
Version 1.0
This indicator counts bars of the same color in a sequence (dojis included) and plots the resulting counts as histogram bars
1. based on barssince, uses plot function with histogram style
2. Min/Max Threshold is the upper and lower limits for counting bars. For example, you can look only for sequences of 5 to 10 bars of the same color in a row
3. Show Histogram Beyond Threshold - you can hide/change color of the non-important histogram part that exceeds the threshold
4. Show Threshold Bands - show the upper and lower limits as levels on the indicator
5. Show Min/Max Bands - show ATH max red/green bars in a row historic levels on the indicator
6. Count Red Bars - count red bars in a sequence, show/hide red bars on a histogram (you can exclude red bars and count only green bars)
7. Count Green Bars - count green bars in a sequence, show/hide green bars on a histogram (you can exclude green bars and count only red bars)
8. Invert Red Bars - show red and green histograms together on the same axis above zero (saves space)
Feel free to use. Good Luck!
Expansion Bar IndicatorThis indicator shows bars with large bodies (large expansion bars) as a red bar.
They are important in the cd leg of a harmonic pattern, because they signal that extra confirmation is needed and that a failure of the PRZ is more likely.
The definition of this large expansion bar is a bar that has a body that is at least twice as big as the ATR with period 55.
This rule and indicator were originally created by Alexander Nikitin for MT4.
Simple_longshort_signalsLong Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow
Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
RSI Swing Signal - ChartThis indicator is the chart version intended to accompany my custom RSI oscillator:
CLICK HERE TO SEE BASE INDICATOR
CLICK HERE TO SEE BASE INDICATOR
Babypips: Inside Bar Momentum StrategyThe strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out!
Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website.
Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site.
Strategy Overview
Inside Bar Momentum Strategy.
Inside Bar Detection
Position sizing based on stoploss distance ( Note: Based on equity and assumes that the account currency is the counter currency.
Stop buys for entries
Takeprofit / Stoplosses for exits
Control Stopbuy, Takeprofit and Stoploss targets with inputs
Control Backtest start/end dates
BAHbO - multi indicators and signals SMA,BB,RSI,Engulfing,Signal4 SMAs - 9,21,55,200
Bollinger Bands - 21
Engulfing patterns
Fractal Support Resistance
Bullish and Bearish Engulfing signals
Engulfing Candles
Bollinger Bands + RSI combined indicator with signals
RSI Swing SignalThis indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :)
The default RSI settings for this strategy are:
RSI Overbought: 80
RSI Oversold: 20
Length: 7
When the RSI gets above 80, the line will turn red and the script will begin looking for a specific type of engulfing candle to go short. The same is true when the RSI gets below 20, but the line will turn green and look for longs. It is best used as a back-testing aid, but it can also be used to send emails or SMS alerts whenever the conditions are met. It can also be used as an alternative colored RSI indicator by removing the signals in the settings menu and changing the RSI parameters to whatever you normally use. This can aid in RSI divergence and overbought/sold strategies.
Entries:
The bright green and bright red lines represent the first type of engulfing candle.
The dark green and red lines represent the second type of engulfing candle.
Some pairs perform best with only one of these entries, while others work fine with both.
This is a counter-trend or consolidation strategy, and is best used in combination with trend-continuation or trend-following strategies. As always, make sure you back-test it before you use it to trade as it works better on some pairs than others.
XBTUSD & BTCUSD for Left AxisThis script displays the price of XBTUSD and BTCUSD on the chart.
If you are displaying FXBTCJPY, I recommend you use on the left axis.
XBTUSD & BTCUSD by JPYBTC price converted to JPY is displayed.
The BTC price converted to JPY is displayed.
CandlesThe default script has: Doji , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing , Piercing Line, Bullish Belt, Bullish Kicker, and Bearish Kicker. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts
Small candle indicatorI've modified the original script by Wiscodish to show any candle that's smaller than the median of the previous 10 as green. As soon as it crosses the median point it'll change colour to gray.
I've also added a horizontal line where the median is so you can see how close the candle is to becoming large.
Double Inside Bar FinderHighlights in blue when an inside bar follows an inside bar. Double inside bars (when used on the daily timeframe) are a way of easily finding equilibrium patterns (i.e. pennant shaped price action) on lower time frames. There is usually a strong move in whatever direction these patterns break, so good to have alerts set up for your favourite markets.
