DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work. His script is the combination of RSI and Engulfing Pattern. //------------------------------------------------------------ I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to...
The Reverse Relative Strength Index was created by Giorgos Siligardos (Stocks & Commodities V. 21:6 (18-30)). It is a handy indicator that reverse engineers the RSI price calculation to show what the price would have to be for the RSI value to match our chosen input. You can select your chosen RSI level using the RSI Level input for this indicator. For example if...
Introduction: Moving Candles is an indicator developed by TradingView user ikulichkov, designed to provide a new perspective on price action. The Moving Candles indicator works by creating unique candlesticks that incorporate both box and line elements. The box element is used to represent the price range of each candle, while the line element represents the...
When using Range charts on TradingView, the only candle appearance option is "Range Bars", which are those little thin ones that can be hard to see. So I made this candle indicator that can be used to plot Regular Candles over the Range Bars for a standard view. Here is the same chart - only showing the original Range Bars
Paints inefficient candles ( where candles on both sides of a candle don't meet in the middle. ) Average True Range period and multiplier from 0.01 to 1 can be used to filter out small gaps. Price is likely to return to these areas and they are possible support / resistance levels. Combine with volume profile to detect low volume areas.
The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold...
This is a combination of two previous indicators; ALMA stdev band with fibs and Vector MACD. Bollinger Band Mod fits the standard deviation on both sides of the center moving average ( ALMA +/- stdev / 2 ) and calculates Fibonacci ratios from stdev on both sides. It is more averaging and more responsive at the same time compared to Bollinger Band. Forecast is...
This indicator simply changes the background and color of candle based on the previous candle's close. If a candle closes high than the previous candle's high it will be indicated via green coloring. If a candle closes lower than the previous candle's low it will be indicated in red coloring. Additionally, grey colored candles appear when neither occur - often...
The Leavitt Convolution Slope indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well-known for creating the Volume-Weighted Average Price indicator. This indicator didn't have a good explanation or description so I custom-coded most of it. The way it works is it will give trend spikes in the direction of the underlying...
I decided to combine Fractal ROC , ATR Break, and Order Blocks to an Indicator The Fractal ROC , ATR Break, and Order Blocks indicator combines three concepts to help traders identify potential trade opportunities and manage risk. By using a combination of Fractal ROC , ATR Break, and Order Blocks, traders can gain a deeper understanding of market dynamics and...
Introduction: In this TradingView community post, we will introduce the "ikulichkov: Dynamic Support and Resistance Levels" strategy. This strategy aims to identify dynamic support and resistance levels based on recent price movements. Strategy Overview: The "ikulichkov: Dynamic Support and Resistance Levels" strategy uses the highest high and lowest low over a...
This indicator is meant for education and experimental purposes only. Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator. As I am not a expert or pro in coding...
📊 Indicator overview! The indicator's strategy is based on calculations that are displayed on the chart based on price or volume. Indicator uses a customizable volume threshold to filter out low volume candle and only display those with significant volume. The algorithm analyzes market data and sets an entry/exit signal. The key point of the indicator is...
Pin candles are a variation of hammer candles that are useful in technical analysis . In particular, when combined with volume profile studies, they can be a powerful set up for long entries or other decision making. For example, when looking at volume profiles, a long entry would be a fair value area (i.e. 40%) below the close of a pin candle. When combined with...
Features Detection Swing (swing HIGH is the highest bar among 2 bars before and 1 bar after, and swing LOW is the lowest bar among 2 bars before and 1 bar after) Dong-Dang (The line plot switch between a swing HIGH and LOW ==> represents the price movement) Fixes fix swing detection from the last version when there are 2 or more bars that have the same...
Draws the best support and resistance lines. How it works: 1) Tries every possible line through lows, highs, opens, closes 2) Finds the total hit counts given the confidence interval as input to the candlesticks 3) Calculates the strength of every line according to hit count, total volumes on hits, and timestamps 4) Eliminates similar lines, confidence interval...
This indicator helps to visually identify "strong tight closes" in an uptrend. It serves to make it easier to spot not only tight but tight AND strong consolidations in an ongoing uptrend for a potential continuation entry. Please keep in mind the indicator counts with distance between Close values of 2 separate candles, that's why it's called "Tight Back to Back...
ICT Imbalances focuses on highlighting the imbalances described by ICT Se imbalances usually act as a price magnet where price tend to revisit to mitigate the imbalance and can act as support and resistance. It is important to understand that, while they do act as price magnet, they are not all places for entries. What they do provide, is a price understanding...