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Candlestick analysis

MomentumEdge Trading StrategyKey Components Hypothetical Bravo 9 Indicator: Since Bravo 9 is a hypothetical indicator, I've implemented it as a weighted combination of RSI, MACD histogram, and momentum components Generates signals when it crosses above/below its signal line Trend Filtering: Uses 200 EMA as the primary trend filter Only takes long positions above the 200 EMA and short positions below it Includes 50 and 20 EMAs for additional reference Volume Confirmation: Requires volume to be above 1.5x the 20-day average (customizable) Can be toggled on/off Volatility and Risk Management: Uses ATR for stop loss calculation (1.5x ATR below/above entry by default) Implements a risk-based position sizing (maximum 2% risk per trade) Fixed risk ratio (2:1 by default) Additional Confirmations: ADX for trend strength (minimum 25 by default) RSI for avoiding overbought/oversold conditions Basic divergence detection
Стратегия Pine Script®
от ok2bwell
StockLeave Signal BarsOverview The Signal Bars indicator identifies potential trade entries by highlighting expansion and reversal bars. These are defined by individual bar characteristics and further refined by contextual factors such as price position relative to structural boundaries. The purpose is to locate bars that signal potential market initiation or reaction. Expansion Bars The expansion captures bars that breakout from a period of reduced volatility. These often initiate directional movement and are recognized using a two-part definition. Range Expansion: The current bar’s range must exceed the average range. This ensures the move is comparatively large and stands out from recent behavior. Range Compression: The bars before the expansion must be below a threshold of the average range. This confirms a low-volatility lead-up, strengthening the likelihood that the expansion has significance. This script applies additional filters: a local breakout ensures price breaks the previous bar’s high or low; a strong close confirms directional intent by requiring the close near the bar’s extreme; mean proximity checks that expansion starts near the mean price using a dynamic buffer relative to bar size; a directional filter blocks signals during extended directional runs; and consecutive suppression prevents multiple expansions to show in succession. Pin Bar Reversals Reversal setups aim to identify potential turning points after price has reached a zone of imbalance or extension. These bars typically exhibit long tails and occur near structural boundaries such as the outer Keltner bands. Their design favors short-term price rejection and potential reversal. Tail Dominance: The wick (upper or lower) must be at least twice the size of the bar’s body and account for more than a certain percentage of the entire bar’s range. This ensures the bar represents strong rejection rather than mere indecision. Close Location: The bar must close near the opposite end of its wick to confirm that rejection was held into the close. For bearish reversals, the close must be near the low; for bullish reversals, near the high. This reinforces intent and pressure in the direction of the reversal. This script applies additional filters: local extreme ensures the bar marks a local turning point to confirm reversals occur after extension, not within structure; boundary proximity requires the bar to appear near the outer Keltner Bands, aligning bearish signals with the upper band and bullish with the lower, indicating price has reached an area of likely imbalance. Snapback Reversals Snapbacks are structured to capture failed extensions outside structural boundaries. While traditional reversals are identified by a single bar with a rejecting tail, snapbacks use a two-bar sequence: a strong impulse bar that closes beyond the bands, followed by a bar that reclaims in the opposite direction. The difference lies in the formation, not the intent, as both anticipate a reversion after price imbalance. Impulse Bar Criteria: The previous bar must close beyond the upper (bullish impulse) or lower (bearish impulse) Keltner band. It must also close near its extreme and have a large body. This confirms strong directional pressure. The current bar must close beyond the midpoint of the previous bar’s body and reverse the prior direction. This signals a failure to follow through and a snapback into the prior range. These will show only when price extends beyond the boundaries. This ensures that the setup targets failed breakouts rather than normal pullbacks or mid-range fluctuation. Alert Configuration The Signal Bars indicator includes an alert function with two built-in conditions to help reduce screen time and focus attention when predefined conditions are met. Expansion: Alerts when a bar meets all conditions for a valid expansion. Reversal: Alerts when a bar meets the criteria for a pin bar or snapback reversal. These are built into the indicator with the alertcondition() function and can be turned on whenever the indicator is applied to a chart. Each alert includes a default message that uses dynamic placeholders; {{ticker}} for the symbol and {{interval}} for the timeframe. Create a new alert and select the condition “StockLeave Signal Bars.” Then select from the two options: Expansion and Reversal. For expansions, select “once per bar” to capture developing momentum. For reversals, use “once per bar close” to confirm rejection setups. Apply alerts across multiple timeframes to improve coverage. Lower timeframes are better suited for fast-moving markets, while higher timeframes work well in slower or more selective environments. This process only needs to be done once. The created alerts can then be toggled on or off from the Alerts panel as preferred, without requiring reconfiguration. Applied Discretion The indicator functions on fixed logic, but interpretation always takes precedence. Consider price action, structure, volatility, and broader market context. Most signals will not lead to trades; while many may appear in a session, only a select few will align with context and warrant execution based on discretion.
Индикатор Pine Script®
от StockLeave
sideways market for strangle📌 Description of "Sideways Market for Strangle" Script** This **Pine Script** is designed to identify a **sideways market**, which is ideal for **option strangle strategies**. The script plots a **green signal** below the price chart when the market is in a low-volatility, non-trending phase. --- 🔹 How It Works** 1️⃣ **RSI Condition (Measures Market Momentum)** - The script uses a **Relative Strength Index (RSI) with a length of 11**. - If **RSI is between 40 and 60**, the market is neither overbought nor oversold, indicating a range-bound or sideways trend. 2️⃣ **ADX Condition (Checks Trend Strength)** - The **Average Directional Index (ADX)** is used to measure trend strength. - If **ADX is below 25**, it confirms a weak trend. - Additionally, ADX must be **lower than both DI+ and DI-**, ensuring that there’s no strong bullish or bearish momentum. 3️⃣ **Signal Plotting** - When both conditions are met (RSI between 40-60 and ADX < 25 with ADX < DI+ & DI-), a **green shape appears below the price chart**. - This signal suggests that the market is in a **sideways phase**, making it suitable for **strangle or non-directional option strategies**. --- 🔹 Why Use This for a Strangle Strategy?** - **Strangles perform best in a sideways market** where implied volatility is low. - This indicator helps traders avoid **trending markets**, reducing risk. - **Simple visualization** makes it easy to identify low-movement zones at a glance. --- 🔹 How to Use in TradingView** 1. **Add this script** as a custom indicator. 2. **Look for green signals** appearing below candles. 3. When the signal appears, consider setting up a **strangle options strategy**. 4. Avoid trading when the market shows **strong trends** (RSI out of range or ADX above 25). --- 🚀 Summary** ✅ **Detects sideways markets for strangle strategies** ✅ **Uses RSI (11) & ADX (14) for confirmation** ✅ **Filters out trending conditions** ✅ **Easy-to-use signal for option traders**
Индикатор Pine Script®
от jaydipali622018
RSI + SAR + VOLUMEThis script is a clean and professional signal generator that combines multiple technical factors to identify high-probability entries. 🔹 Buy/Sell signals are triggered when all of the following conditions are met: • RSI is rebounding from a configurable zone (default: 40–60) • Parabolic SAR confirms trend direction • Candle body is strong (closing above/below 50% of its range) • Volume is above its 20-period average (optional) • Volume is higher than the previous N candles (optional, default: 1) • Signals are rate-limited to avoid repetition within the next N candles (default: 7) 🎛️ All key settings are customizable through the script's input panel. 🚫 No repainting. No lagging oscillators. Only fresh conditions based on current price action. Ideal for scalping, swing trading, and as a confirmation layer within larger systems. ✅ Clean chart. ✅ Alert-ready. ✅ Code optimized for TradingView Pine Script v6. — Developed with precision and purpose by Israel Orozco 📈 Focused on clean, reliable and actionable signals 💡 For feedback, improvements, or collaboration, feel free to reach out! 🧠 “Trade logic, not emotion.”
Индикатор Pine Script®
от iaorozco
1
Alquimia de Tendencias"Alquimia de Tendencias" is a technical analysis system designed for traders seeking operational clarity and precision in identifying entry and exit opportunities. The script combines classic indicators such as ATR, fractals, and EMAs, integrating them into a structured logic that clearly identifies trend shifts, entry zones, and risk management levels. Additionally, it includes the Asian range, a valuable tool to contextualize price action during key market sessions. 🧠 How it works: Trend and Bias Panel: The system calculates an overall market bias using ATR and fractals, displaying it in a panel that summarizes trend conditions across multiple timeframes. EMA Crosses: Two Exponential Moving Averages (EMAs) are used. When they cross, the panel changes color (red or blue), signaling a potential bullish or bearish bias. Asian Range: Automatically draws the time window for the Asian session, helping traders identify areas of accumulation or manipulation that often precede major movements during the European or US session. Fractal Visualization: Highlights key swing highs and lows to map out market structure, potential liquidity zones, and entries/exits. Operational Management (SL & TP): The script automatically calculates suggested entry, stop loss, and take profit levels, projecting two TP levels based on fractal structure and current volatility. 🧩 Why it is original and useful: While it uses well-known components, the value of “Trend Alchemy” lies in how they are combined: This is not a simple mashup. The logic behind signals is based on the interaction of ATR, fractals, and EMA crossovers, with multi-timeframe confirmation. The system visually narrates price structure, making it ideal for scalpers and swing traders who require technical clarity. 🔐 Why is it invite-only? This script is intended for professional use and is part of a structured trading methodology taught through dedicated training. It is designed to deliver real value through a clear interface, automated decision points, and a context-driven visual layout. 🧑‍💼 Important Note: This script is intended for traders looking for a serious technical tool with clear visualization and integrated operational logic. It is not an automated strategy, but rather an analysis assistant built on experience and price structure.
Индикатор Pine Script®
от CriptoMistico
5
Shaved Candle IdentifierThis script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle. Shaved candles represent major liquidity zones, and tend to get swept in the future. Shaved candles are useful for spotting reversals and as price targets. Green is when open = low Red is when open = high Blue is when close = high Orange is when close = low There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.
Индикатор Pine Script®
от btcmaxlev
The Alchemist's Codex | Divergences of Multi Length RSI This Pine Script 5 indicator, titled "The Alchemist's Codex - Project La Grande Finale | Slope Loop Based Divergences of Multi Length RSI," is designed to identify potential bullish and bearish divergences between price and a custom-calculated Relative Strength Index (RSI). It aims to provide traders with signals based on the momentum and rate of change of price and RSI. Here's a breakdown of its functionality: 1. Custom RSI Calculation: The script begins by calculating a unique RSI variant. It iterates through various lookback periods (from 1 to a user-defined maximum), computing the RSI for each. It incorporates a dual weighting mechanism, considering both the rate of change and the time elapsed since significant RSI changes. This aims to provide a more nuanced representation of momentum. The script calculates averages incorporating both slope and time factors. The calculated RSI values are then again averaged over the defined lookback range to produce a final, smoothed RSI output. 2. Slope Calculation and Divergence Detection: The script calculates the average slopes of both the price and the custom RSI over a range of lengths (from a minimum to a maximum defined by the user). It ranks calculations to determine the relative strength of the price and RSI slopes. It then identifies potential bullish and bearish divergences by comparing the percent ranks of the price and RSI slopes, along with comparing the current price and RSI values to previous values over a short and long lookback. Bullish divergences occur when the price makes lower lows while the RSI makes higher lows, and when the price slope is very low, and the RSI slope is very high. Additionally it checks that the current price slope is higher than the previous price slope. Bearish divergences occur when the price makes higher highs while the RSI makes lower highs, and when the price slope is very high, and the RSI slope is very low. Additionally it checks that the current price slope is lower than the previous price slope. 3. Visualizations: The script plots labels on the chart to indicate bullish and bearish divergences. It also plots the average price and RSI slopes, allowing traders to visually assess the momentum and direction of both. Key Input Parameters: length: Base RSI length. rsiThreshold: Defines a meaningful change in RSI. price_source: Source of price data. minLength, maxLength: Range of lengths for slope calculations. Low_Percentage_rank, High_Percentage_rank: Percent rank thresholds for divergence detection. x, z: lookback periods for the bullish and bearish divergence conditions. mult: A multiplier. In essence, this indicator combines a custom RSI calculation with slope analysis and percent rank evaluation to identify potential divergences, providing traders with signals based on momentum and relative strength.
Индикатор Pine Script®
от Cmo22
Sentiment OscillatorIn the complex world of trading, understanding market sentiment can be like reading the emotional pulse of financial markets. Our Sentiment Oscillator is designed to be your personal market mood translator, helping you navigate through the noise of price movements and market fluctuations. Imagine having a sophisticated tool that goes beyond traditional price charts, diving deep into the underlying dynamics of market behavior. This indicator doesn't just show you numbers – it tells you a story about market sentiment, combining multiple financial signals to give you a comprehensive view of potential market directions. The Sentiment Oscillator acts like a sophisticated emotional barometer for stocks, cryptocurrencies, or any tradable asset. It analyzes price changes, market volatility, trading volume, and long-term trends to generate a unique sentiment score. This score ranges from highly bullish to deeply bearish, providing traders with an intuitive visual representation of market mood. Green zones indicate positive market sentiment, suggesting potential buying opportunities. Red zones signal caution, hinting at possible downward trends. The oscillator's gray neutral zone helps you identify periods of market uncertainty, allowing for more calculated trading decisions. What sets this indicator apart is its ability to blend multiple market factors into a single, easy-to-understand indicator. It's not just about current price – it's about understanding the deeper currents moving beneath the surface of market prices. Traders can use this oscillator to: - Identify potential trend reversals - Understand market sentiment beyond price movement - Spot periods of market strength or weakness - Complement other technical analysis tools Whether you're a day trader, swing trader, or long-term investor, the Sentiment Oscillator provides an additional layer of insight to support your trading strategy. Remember, no indicator is a crystal ball, but this tool can help you make more informed decisions in the dynamic world of trading.
Индикатор Pine Script®
от balaiwarsatyam