This Pine Script is designed to help you uncover hidden divergences among multiple assets by tracking how their candles close. Imagine you're analyzing three different assets — they could be indices, currencies, or even cryptocurrencies — and you want to know when one of them is moving out of sync with the others. That’s where this script comes into play. First,...
Overview The CS Patterns indicator is designed to identify and highlight various candlestick patterns on a trading chart. Candlestick patterns are a crucial tool for traders as they help in predicting market movements and potential reversals. This indicator includes single, double, and triple candlestick patterns without revealing the source code, making it an...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
█ Overview The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified...
█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...
The script detects candlestick patterns and stats related to the pattern. We have included 44 candle patterns to select. You can get stats for any timeframe and holding period. If a particular pattern is not available, the script will give an error. What is available. You can view the composite stat in the table panel. Pattern Name: The pattern name ...
It is hard to know which party plays a vital role in the candle. Sometimes we see a red candle/ Seller's candle very weak, but still, the market continues. Here, I tried to figure out how much strength buyers/sellers possess in their respective candles. The idea is simply to measure the area between high and low and then calculate the opposite party's oppression...
hello traders.. I think it would be awesome if traders using a candlestick price action have a candlestick pattern screener. so you just have to screen the securities, crypto, forex, commodities, spot the candlestick pattern easily and then you can set up trades.. This is a multi time frame candlestick screener, consist of: 1. Bullish & Bearish Kicker 2....