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Candlestick analysis

Dynamic Trading Strategy with Key Levels, Entry/Exit ManagementThis indicator provides a complete rule-based trading system, combining key levels, entry conditions, stop loss (SL), and take profit (TP) management. It’s designed to dynamically adapt to market conditions by identifying crucial support and resistance zones, determining entry points based on price action and volume, and calculating risk-based exit targets. Key Features Key Level Identification: The indicator automatically identifies support and resistance levels based on recent price highs and lows within a customizable lookback period. It adds a dynamic buffer around these levels using the Average True Range (ATR) to account for market volatility, ensuring the zones adjust to changing conditions. Entry Conditions: Bullish Entry: Triggers near the support zone when there’s upward price action, confirmed by volume spikes and bullish candlestick patterns (e.g., hammers, engulfing candles). Bearish Entry: Triggers near the resistance zone when signs of rejection appear, confirmed by volume spikes and bearish candlestick patterns (e.g., shooting stars, bearish engulfing). Entry zones are highlighted visually on the chart using green (bullish) and red (bearish) shaded boxes. Stop Loss (SL) and Take Profit (TP): Stop Loss: Calculated based on ATR multipliers, allowing you to set a volatility-adjusted risk level beyond the entry range. Take Profit: Includes two profit-taking levels (TP1 and TP2), allowing for partial position exits. TP levels are calculated based on a reward-to-risk ratio, ensuring consistent profitability targets. SL and TP levels are clearly marked with horizontal lines and labeled as SL, TP1, and TP2, helping you manage trade exits effectively. Market Context Adaptability: The indicator adapts to both trending and ranging market conditions. In trending markets, it favors trades that follow the trend, while in ranging markets, it focuses on reversals within the range boundaries. Visual Aids: Entry zones are highlighted with shaded boxes to indicate potential buy/sell regions. SL, TP1, and TP2 levels are clearly drawn with labels, allowing for easy identification of exit points. How to Use Identify Key Levels: Look for support and resistance zones highlighted by the indicator on your chart. Wait for Entry Conditions: When the price enters the entry range (marked by green or red boxes), wait for confirmation signals—such as volume spikes and candlestick patterns. Manage Exits: Use the SL, TP1, and TP2 levels for structured trade management. Consider scaling out partially at TP1 and exiting fully at TP2. Ideal For: This indicator is suitable for traders who prefer a systematic approach to trading, with clear entry and exit rules. It is particularly helpful for those looking to balance risk and reward with well-defined take profit and stop loss levels.
Индикатор Pine Script™
от zj7
9
Bullish/Bearish Reversal Bars Indicator [Skyrexio]Introduction Bullish/Bearish Reversal Bars Indicator leverages the combination of candlestick reversal bar pattern and the Williams Alligator indicator to help traders in understanding where there is a high probability of market reversal or correction. Indicator works for both bearish and bullish cases. It visualizes the bearish and bullish reversal bars with red and green dots and also plots the Alligator's lips to make it more convenient for traders to understand if price is above or below lips line (more information in "Methodology and it's justification" paragraph). Features Market Facilitation Index(MFI) filter: with the specified parameter in settings user can choose to filter bullish and bearish reversal bars which passed the MFI condition. Awesome Oscillator(AO) filter: with the specified parameter in settings user can choose to filter bullish and bearish reversal bars which passed the AO condition. Alerts: user can set up the alert and have notifications when bullish/bearish reversal bar has been printed. Methodology and it's justification In the script’s methodology, we apply the concepts of bullish and bearish reversal bars introduced by Bill Williams in his book Trading Chaos. So, what exactly is a bullish or bearish reversal bar? At its core, it’s a candlestick pattern. A bullish reversal bar is a bar that closes in its upper half, while a bearish reversal bar closes in its lower half. Why is this type of bar significant? Let’s look at the bullish reversal bar as an example. When the price is trending upward, forming higher highs with each candle, and we suddenly see a bullish bar that makes a new high but ultimately closes in its lower half, it signals a shift in control. Bears have taken control toward the end of that candle's period, pushing the price back down. This can be interpreted as a sign of trend weakness and a potential reversal (or at least a correction). An additional key point is that a reversal bar often indicates a possible end to the trend. Therefore, for a reversal bar to be valid, several preceding candles should show lower highs (for bullish bars) or higher lows (for bearish bars), reinforcing the likelihood of a trend change. The second step on methodology is the location of the bar related to Williams Alligator. The Williams Alligator Indicator, developed by Bill Williams, is a technical analysis tool that helps traders identify trends and potential turning points in the market. It consists of three lines, often called the jaw, teeth, and lips of the alligator, each representing different moving averages: Jaw (Blue Line): A slower moving average, typically a 13-period smoothed moving average shifted 8 bars into the future. Teeth (Red Line): A medium moving average, typically an 8-period smoothed moving average shifted 5 bars into the future. Lips (Green Line): A faster moving average, usually a 5-period smoothed moving average shifted 3 bars into the future. When the three lines are spread out and moving in the same direction, it suggests a strong trend (the "alligator" is "awake and feeding"). When they intertwine, the indicator suggests that the market is moving sideways, or in a range, signaling a lack of clear trend (the "alligator" is "sleeping"). Traders use the Alligator Indicator to enter trades in trending markets and avoid trades in choppy, non-trending markets. If bullish reversal bar's high is not below and bearish reversal bar's low is not above all three Alligator's lines (jaw, lips, teeth) they cannot be interpreted as these types of bars. It can be explained as following: if we are waiting for the bullish reversal bar it shall be reversal from downtrend. If price is not below all three lines it can't be interpret as the downtrend according to this method. The opposite is true for the bearish reversal bar. All described above are obligatory conditions for reversal bar, now let's discuss two not obligatory conditions. The first one is Market Facilitation Index (MFI) restriction. Let's briefly look what is MFI. The Market Facilitation Index (MFI) is a technical indicator that measures the price movement per unit of volume, helping traders gauge the efficiency of price movement in relation to trading volume. Here's how you can calculate it: MFI = (High−Low)/Volume MFI can be used in combination with volume, so we can divide 4 states. Bill Williams introduced these to help traders interpret the interaction between volume and price movement. Here’s a quick summary: Green Window (Increased MFI & Increased Volume): Indicates strong momentum with both price and volume increasing. Often a sign of trend continuation, as both buying and selling interest are rising. Fake Window (Increased MFI & Decreased Volume): Shows that price is moving but with lower volume, suggesting weak support for the trend. This can signal a potential end of the current trend. Squat Window (Decreased MFI & Increased Volume): Shows high volume but little price movement, indicating a tug-of-war between buyers and sellers. This often precedes a breakout as the pressure builds. Fade Window (Decreased MFI & Decreased Volume): Indicates a lack of interest from both buyers and sellers, leading to lower momentum. This typically happens in range-bound markets and may signal consolidation before a new move. For our purposes we are interested in squat bars. This is the sign that volume cannot move the price easily. This type of bar increases the probability of trend reversal. In this indicator we added to enable the MFI filter of reversal bars. If potential reversal bar or two preceding bars have squat state this bar can be interpret as a reversal one. The second additional filter is Awesome Oscillator. The Awesome Oscillator (AO), developed by Bill Williams, is a momentum indicator that measures market momentum by comparing recent price action to a longer historical context. It helps traders identify potential trend reversals and the strength of trends. Formula: AO = SMA5(Median Price) − SMA34(Median Price) where: Median Price = (High + Low) / 2 SMA5 = 5-period Simple Moving Average of the Median Price SMA 34 = 34-period Simple Moving Average of the Median Price If AO is decreasing momentum is bearish, if increasing - bullish. According to Bill Williams approach reversal bars are the potential trades against the trend. As a result we added second filter for bullish reversal bars AO shall be decreasing, for bearish increasing. How to use indicator Apply it to desired chart and time frame. It works on every time frame. Setup the filters with the "Enable MFI" and "Enable AO" checkboxes in the settings. By default they are turned on. Analyze the price action. Indicator plotted the white line, this is the lips of an Alligator. It will help you to understand how price is moving in comparison to lips line. Indicator will print the green dot and text "BULL" below it current bar is bullish reversal. It will print the red dot and text "BEAR" above it if current bar is interpreted by algorithm as a bearish reversal. Set up the alerts if it's needed. Indicator has two custom alerts called "Bullish reversal bar has been printed" and "Bearish reversal bar has been printed" Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test indicators before live implementation.
Индикатор Pine Script™
от Skyrexio
1
Combined G TREND and MA OrderBlocksDescription of the Combined G TREND and MA OrderBlocks Indicator The Combined G TREND and MA OrderBlocks indicator is a versatile trading tool designed for use on financial charts. It integrates two powerful methodologies: G TREND, which utilizes Average True Range (ATR) for dynamic stop-loss management, and MA OrderBlocks, which identifies key support and resistance levels based on moving averages and pivot points. Key Features: Trend Direction: The indicator determines the market trend using a moving average, allowing traders to identify bullish or bearish phases in the market. Dynamic Stops: The G TREND component calculates long and short stop levels based on ATR, providing traders with adaptive stop-loss levels that adjust to market volatility. Order Blocks: The indicator highlights significant order blocks (support and resistance zones) using colored boxes, making it easier for traders to visualize critical price levels. Buy/Sell Signals: The indicator generates clear buy and sell signals, displaying "Buy" labels near bullish order blocks (green) and "Sell" labels near bearish order blocks (red). This helps traders make informed entry and exit decisions. Customization: Users can customize various parameters, including ATR period, moving average type, and colors for bullish and bearish signals, allowing for a personalized trading experience.
Индикатор Pine Script™
от bhargavmadasu2
Globex Trap ZoneGlobex Trap Indicator A powerful tool designed to identify potential trading opportunities by analyzing the relationship between Globex session ranges and Supply & Demand zones during regular trading hours. Key Features Tracks and visualizes Globex session price ranges Identifies key Supply & Demand zones during regular trading hours Highlights potential trap areas where price might experience significant reactions Fully customizable time ranges and visual settings Clear labeling of Globex highs and lows How It Works The indicator tracks two key periods: Globex Session (Default: 6:00 PM - 9:30 AM) Monitors overnight price action Marks session high and low Helps identify potential range breakouts Supply & Demand Zone (Default: 8:00 AM - 11:00 AM) Tracks price action during key market hours Identifies potential reaction zones Helps spot institutional trading areas Best Practices for Using This Indicator Use on 1-hour timeframe or lower for optimal visualization Best suited for futures and other instruments traded during Globex sessions Pay attention to areas where Globex range and Supply/Demand zones overlap Use in conjunction with your existing trading strategy for confirmation Recommended minimum of 10 days of historical data for context Settings Explanation Globex Session: Customizable time range for overnight trading session Supply & Demand Zone: Adjustable time range for regular trading hours Days to Look Back: Number of historical days to display (default: 10) Visual Settings: Customizable colors and transparency for both zones Important Notes All times are based on exchange timezone The indicator respects overnight sessions and properly handles timezone transitions Historical data requirements: Minimum 10 days recommended Performance impact: Optimized for smooth operation with minimal resource usage Disclaimer Past performance is not indicative of future results. This indicator is designed to be used as part of a comprehensive trading strategy and should not be relied upon as the sole basis for trading decisions. Updates and Support I actively maintain this indicator and welcome feedback from the trading community. Please feel free to leave comments or suggestions for improvements.
Индикатор Pine Script™
от sativas
PropFX SMCIndicador de Estrutura de Mercado SMC para TradingView Descrição: Este indicador identifica automaticamente a estrutura de mercado (Market Structure) com base nos Smart Money Concepts (SMC). Ele marca pontos de Higher Highs (HH), Higher Lows (HL), Lower Highs (LH) e Lower Lows (LL), facilitando a leitura de tendências. A lógica principal é auxiliar na identificação de fases de alta e baixa de maneira visual, ideal para traders de SMC que buscam entradas precisas. Funcionalidades: Detecção de Estrutura de Mercado: O indicador traça as principais zonas de reversão com base nos últimos pontos altos e baixos. Identificação Automática de Mudanças de Estrutura: Quando uma nova alta ou baixa significativa é formada, o indicador ajusta automaticamente a estrutura, destacando uma possível mudança de tendência (exemplo: quando um HH é rompido e forma um LH, indicando possível reversão de alta para baixa). Alertas Customizáveis: Configuração para alertas que notificam o trader quando a estrutura muda, sinalizando oportunidades de entrada ou saída de acordo com a lógica SMC. Coloração Visual: Linhas e rótulos coloridos para destacar cada tipo de estrutura (alta, baixa) e fase da tendência (bullish, bearish), tornando a análise intuitiva. Parâmetros de Configuração: Tamanho de pivô para definição de pontos altos e baixos. Sensibilidade para identificar rompimentos estruturais. Opções de personalização de cores e visibilidade dos rótulos. Aplicação: O indicador é ideal para traders que aplicam conceitos de Smart Money, permitindo rápida identificação da estrutura de mercado e suas mudanças, ajudando a planejar operações baseadas em fases de acumulação, distribuição e reversão de tendências. Este indicador facilita a análise de SMC, permitindo que os traders identifiquem oportunidades de entrada e saída de forma rápida, com uma visão clara da estrutura de mercado atual.
Индикатор Pine Script™
от leonardo_pugliesi
VWAP Stdev Bands Strategy (Long Only)The VWAP Stdev Bands Strategy (Long Only) is designed to identify potential long entry points in trending markets by utilizing the Volume Weighted Average Price (VWAP) and standard deviation bands. This strategy focuses on capturing upward price movements, leveraging statistical measures to determine optimal buy conditions. Key Features: VWAP Calculation: The strategy calculates the VWAP, which represents the average price a security has traded at throughout the day, weighted by volume. This is an essential indicator for determining the overall market trend. Standard Deviation Bands: Two bands are created above and below the VWAP, calculated using specified standard deviations. These bands act as dynamic support and resistance levels, providing insight into price volatility and potential reversal points. Trading Logic: Long Entry Condition: A long position is triggered when the price crosses below the lower standard deviation band and then closes above it, signaling a potential price reversal to the upside. Profit Target: The strategy allows users to set a predefined profit target, closing the long position once the specified target is reached. Time Gap Between Orders: A customizable time gap can be specified to prevent multiple orders from being placed in quick succession, allowing for a more controlled trading approach. Visualization: The VWAP and standard deviation bands are plotted on the chart with distinct colors, enabling traders to visually assess market conditions. The strategy also provides optional plotting of the previous day's VWAP for added context. Use Cases: Ideal for traders looking to engage in long-only positions within trending markets. Suitable for intraday trading strategies or longer-term approaches based on market volatility. Customization Options: Users can adjust the standard deviation values, profit target, and time gap to tailor the strategy to their specific trading style and market conditions. Note: As with any trading strategy, it is important to conduct thorough backtesting and analysis before live trading. Market conditions can change, and past performance does not guarantee future results.
Стратегия Pine Script™
от qamberabbas4
Globex time (New York Time)Globex Time (New York Time) This indicator marks the Globex trading session times in New York time, allowing traders to easily visualize the key trading hours for futures and commodities. It highlights the start and end of the Globex session with vertical lines and displays the session's high and low with customizable horizontal lines. Features: Session Time Inputs: Set the start and end times of the Globex session according to New York time. Vertical Line Customization: Customize the color and width of the vertical lines marking the session start and end. Horizontal Line Styles: Define the colors and styles (solid, dashed, dotted) for the session high and low lines. Dynamic Updates: Automatically updates session high and low values as the session progresses, providing real-time tracking. Visual Clarity: Clearly indicates critical trading periods, helping traders to make informed decisions during the Globex session. Usage: This indicator is particularly useful for day traders and scalpers who focus on futures and commodities trading during the Globex session. By visualizing session times and price levels, traders can align their strategies with market movements more effectively.
Индикатор Pine Script™
от Almureqeeb
Crypto and Stock Buy/Sell Signals//@version=5 indicator("Crypto and Stock Buy/Sell Signals", overlay=true) // Parameters for Moving Averages short_ma_length = input.int(50, title="Short Moving Average Length") long_ma_length = input.int(200, title="Long Moving Average Length") // Parameters for RSI rsi_length = input.int(14, title="RSI Length") upper_rsi = input.int(70, title="Overbought Level (Sell)") lower_rsi = input.int(30, title="Oversold Level (Buy)") // Parameters for Bollinger Bands bb_length = input.int(20, title="Bollinger Bands Length") bb_mult = input.float(2.0, title="Bollinger Bands Multiplier") // Calculating Moving Averages short_ma = ta.sma(close, short_ma_length) long_ma = ta.sma(close, long_ma_length) // Calculating RSI rsi = ta.rsi(close, rsi_length) // Calculating MACD = ta.macd(close, 12, 26, 9) // Calculating Bollinger Bands bb_basis = ta.sma(close, bb_length) bb_dev = bb_mult * ta.stdev(close, bb_length) bb_upper = bb_basis + bb_dev bb_lower = bb_basis - bb_dev // Relaxed Buy/Sell Signal Conditions buy_signal = ta.crossover(short_ma, long_ma) or (rsi < lower_rsi) or ta.crossover(macd_line, signal_line) or (close < bb_lower) sell_signal = ta.crossunder(short_ma, long_ma) or (rsi > upper_rsi) or ta.crossunder(macd_line, signal_line) or (close > bb_upper) // Confirmed Buy/Sell Signals (More Specific) volume_sma = ta.sma(volume, 20) confirmed_buy_signal = buy_signal and (volume > volume_sma) // Adding volume confirmation for stronger buy signal confirmed_sell_signal = sell_signal and (volume > volume_sma) // Adding volume confirmation for stronger sell signal // Plotting Buy/Sell Signals plotshape(confirmed_buy_signal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.small) plotshape(confirmed_sell_signal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small) // Plotting Moving Averages plot(short_ma, title="Short Moving Average", color=color.blue, linewidth=2) plot(long_ma, title="Long Moving Average", color=color.orange, linewidth=2) // Plotting Bollinger Bands plot(bb_upper, title="Bollinger Upper Band", color=color.purple, linewidth=1) plot(bb_lower, title="Bollinger Lower Band", color=color.purple, linewidth=1) // Background Color for Overbought/Oversold RSI bgcolor(rsi > upper_rsi ? color.new(color.red, 90) : na, title="Overbought Background") bgcolor(rsi < lower_rsi ? color.new(color.green, 90) : na, title="Oversold Background")
Индикатор Pine Script™
от kaniz1981
Jusoh Sireh 1.0Based on Jim Simon and Richard Dennis trend confirmation. Jusoh Sireh 1.0 displays trend confirmation using a green, yellow, or red circle. It combines 10 indicators for a concise trend signal, ideal for clean, informed trading decisions. Green circle (●) appears if all indicators are bullish. Red circle (●) appears if all indicators are bearish. Yellow circle (●) appears if the trend is mixed or inconclusive. RSI MACD Bollinger Bands Stochastic Oscillator EMA ATR Fibonacci Retracement OBV (On-Balance Volume) Ichimoku Cloud Price Action
Индикатор Pine Script™
от jscapitaltrade
Candlestick Pattern Strategy with RSI, MACD, and Moving AveragesThis script combines powerful candlestick patterns with key indicators (RSI, MACD, and Moving Averages) to provide strong, reliable signals for options trading or general trading. By analyzing multiple conditions, it reduces false signals and provides trade recommendations only when the candlestick patterns align with the overall trend and momentum. Key Features: Candlestick Patterns: Hammer: Signals a bullish reversal when it appears at the bottom of a downtrend. This pattern suggests that buyers are stepping in to push the price up. Shooting Star: Signals a bearish reversal when it appears at the top of an uptrend, indicating that sellers have taken control. Indicators Used: Moving Averages (SMA): Uses a short-term (9-period) and a long-term (21-period) SMA to identify the overall trend. A bullish trend is confirmed when the short SMA is above the long SMA, and a bearish trend when the short SMA is below the long SMA. Relative Strength Index (RSI): A momentum indicator. Bullish signals are confirmed when the RSI is above 50, indicating positive momentum, and bearish signals when the RSI is below 50. MACD: A trend-following indicator. Bullish signals are confirmed when the MACD line is above the Signal line, and bearish signals when the MACD line is below the Signal line. How It Works: Bullish Signal (Call): Generated when a Hammer pattern appears, the short SMA is above the long SMA, RSI is above 50, and the MACD line is above the Signal line. This indicates a high-probability uptrend, making it a good time to consider a Call option. Bearish Signal (Put): Triggered when a Shooting Star pattern appears, the short SMA is below the long SMA, RSI is below 50, and the MACD line is below the Signal line. This indicates a high-probability downtrend, making it a good time to consider a Put option. Visual Cues: Arrows on the chart indicate buy (Call) or sell (Put) signals based on the pattern. Background color changes to green or red depending on the bullish or bearish conditions, helping you quickly spot trends. Text labels for "CALL OPTION," "PUT OPTION," or "NO SIGNAL" are added to each bar for additional clarity. Use Cases: This strategy is suitable for: Options Traders: Helps in identifying high-probability Call or Put scenarios based on trend and momentum. Trend Followers: Allows traders to enter the trend with confirmation, reducing the likelihood of false signals. Swing Traders: Effective for identifying reversals at key levels, supported by additional indicators. Disclaimer: This script is for educational purposes only and should not be considered financial advice. Always perform your own research and backtest strategies before trading with real funds. Market conditions can vary, so it’s essential to adjust the parameters and use risk management practices.
Индикатор Pine Script™
от HiddenPython
MA Crossover with RSI FilterExplanation of Key Components Input Parameters: shortMaLength and longMaLength: Configure the lengths for the short and long moving averages. rsiLength: RSI period length, typically set to 14. rsiOverbought and rsiOversold: Levels used to filter entry signals and avoid trades when the market may be too overbought or oversold. Moving Averages: shortMa and longMa calculate the short and long moving averages. Entry Conditions: Long Condition: Enters a long position when the short MA crosses above the long MA, indicating an uptrend, and RSI is below the overbought level. Short Condition: Enters a short position when the short MA crosses below the long MA, indicating a downtrend, and RSI is above the oversold level. Exit Conditions: Take Profit and Stop Loss: Optional criteria for exiting trades based on percentage gains or losses. For instance, you can take profit at 2% gain and stop at 1% loss. Plotting: Plots the short and long moving averages on the chart and displays the RSI with overbought/oversold levels. How to Use Copy the code and paste it into TradingView’s Pine Script editor. Click “Add to Chart” to see the signals plotted on your chart. Open the “Strategy Tester” tab to view the backtest results, including net profit, win rate, and other key metrics. Tips for Optimization Adjust Moving Average Periods: Test different values for shortMaLength and longMaLength to find the most profitable combination for the specific asset or timeframe. Change Take Profit and Stop Loss Percentages: Fine-tuning these levels can significantly affect your overall profit and risk. Add Additional Filters: Volume filters or additional indicators can be added to refine the entries. This strategy is versatile and performs well in trending markets. You can further customize it for other indicators if needed!
Стратегия Pine Script™
от aniketchangecha2804