The Strat Patterns Indicator v1.0The Strat Patterns Indicator is a tool that draws Strat patterns in real-time, highlights Strat scenarios, key levels, and helps traders effectively apply the Strat trading strategy.
It combines features such as pattern recognition, timeframe continuity analysis, target level highlighting, and custom alerts to simplify trading decisions and maximize profit potential.
Display All Strat Patterns
The Strat Patterns Indicator shows all Strat patterns directly on your chart, making it easier to spot trading opportunities in real-time. You can choose to show or hide specific patterns based on your preferences. The patterns include:
2-2 Continuation
2-2 Reversal
3-2-2 Reversal
2-1-2 Continuation
2-1-2 Reversal
1-2-2 Reversal
3-1-2 Continuation
1-3 Reversal
3-1-2 Reversal
Highlight Major Candlestick Patterns
The indicator highlights important candlestick formations that are crucial for forecasting the major trend reversals in the market. These candlestick patterns include:
Hammer
Shooting Star
Doji
Gravestone Doji
Dragonfly Doji
Morning Doji Star
Evening Doji Star
By showcasing these patterns, the indicator helps traders quickly identify possible reversals or continuations, providing an extra layer of confirmation for trading decisions.
Timeframe Continuity Table
This indicator includes a customizable table that displays timeframe continuity, allowing you to align your trades with the overall market trend. You can select up to four higher timeframes to monitor, helping you ensure that your trades follow the broader trend direction.
This feature makes it easy to identify whether the market trend is aligned across multiple timeframes, enhancing your ability to make high-probability trades.
Show Target Levels (Previous Highs/Lows)
The indicator highlights target levels based on previous highs or lows, making it easier to set realistic profit targets and manage trades effectively.
By identifying these key levels, you can better gauge potential price movements and plan your trades with greater precision, ensuring that you maximize profit opportunities while minimizing risk.
Highlight Higher Timeframe Target Levels
This feature allows you to display target levels from a higher timeframe while trading on a lower timeframe.
For example, if you are trading on a 4-hour chart, you can choose to show daily target levels, including high/low levels and Fibonacci golden ratios. This helps you identify more significant profit targets and enhances your ability to capture larger moves while staying aligned with the overall trend.
Breakout Confirmation
The indicator provides an option to display the previous candlestick's high or low value, helping you confirm breakouts in Strat patterns. This feature is useful for validating whether a true breakout has occurred, giving you greater confidence in your trade entries and helping you avoid potential false breakouts.
Alerts for Strat Patterns
With this feature, you can set up alerts that trigger whenever a Strat pattern forms. This ensures you never miss a trading opportunity, keeping you informed and ready to act when key patterns emerge. The alerts provide real-time notifications, allowing you to stay on top of market movements without constantly monitoring your charts.
Thestratalerts
The Strat with Continuity [starlord_xrp]This indicator shows entry and exit points for The Strat as well as potential setups. It also has full time frame continuity detection.
The $trat | by Octopu$1️⃣2️⃣3️⃣ The $trat | by Octopu$
The $trat: The Strat by Octopu$
Absolute Solution for The Strat Traders!
The Strat is a Strategy created by Rob Smith's and is well known by being an innovative trading system.
Continues to grow in popularity as more traders discover this method.
It is a simplified way to understand Price Action. It is based on three principles: Types of candles, 1, 2, and 3.
Other things to be known about The Strat are Actionable Signals and Time Frame Continuity.
The $trat has it all.
This Indicator includes Bar Types (1, 2 and 3) also known as Inside Bars, Twos (Up or Down) and Outside Bars.
It is also well crafted with a built-in Time Frame Continuity (TFC) which shows Price Movement at a glimpse.
On top of that, in the best of both worlds, also comes with information about the Bars Status for other TFs as well.
It means that you can know how another TF of you preference is performing. Right there.
Works in Any Time Frame.
On Any Ticker.
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• Candle Types (1, 2 and 3) IB, 2U & 2D and OB.
• Time Frame Continuity (TFC) for Price Movement/Trend Check
• Bar Status shortcut. So you can know Price Action/Direction fast.
• Reversal indicators for Action-taking and Situational Awareness
• Combos Labels. So nothing ever goes unnoticed.
Options:
• Absolutely fully Customizable: Colors, Sizes, Numbers. Everything.
• On/Off Switches for most of the Information and Optionable Selections
• Hammer/Shooter Indicator automatically inserted to Chart
• Candle/Bars Coloring for ease of reading.
• Highlight options for specific setups
Notes:
v1.0
$trat Indicator release
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Boost it. Shoot a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
TheStrat AlertsFinally, an indicator that will monitor and send notification for any potential 'TheStrat' candle combination setups.
Explanation of 'TheStrat' trading technique
‘ TheStrat ’ technique works off the basis of labelling whether the focus candle did or did not break any of the previous candles high or low values. There are three possible label definitions; either a 1 candle, 2 candle or a 3 candle.
1 bar (inside) - If price movement on the new candle remains within the high and low of previous candle.
3 bar (outside) – If price movement went above both the high and the low of the previous candle.
2 bar (directional) – If price movement only broke with the high (called a 2-up) or if price movement only broke the low of the previous candle (called a 2-down).
Once labelled the technique then looks for certain combination of these labelled candles (called actionable setups) such as: 2-1-2, 1-2-2, 3-1-2.
How does the indicator work?
This indicator will monitor and alert you when a possible ‘ TheStrat ’ actionable combination is identified on any ticker and timeframe you add the indicator to and then register an alert. The key decisions are which TICKER and which TIMEFRAME to register the alert and lastly what actionable ‘ TheStrat ’ combination to enable in the indicator settings.
When a registered alert is running it will continually monitor for the enabled ' TheStrat ' conditions and upon the bar close of a defined condition, it generates the alert notification using the existing built-in TradingView alert feature. This indicator is not market or timeframe specific, in fact this alerting indicator can be used to register alerts on multiple tickers and timeframes simultaneously.
Example of how to use the indicator
Assume you are interested in being alerted for any ‘2-1-2’ combination on AAPL on the 30min timeframe. You would simply go to that chart (APPL on 30 min), add ' TheStrat Alerts ' indicator to the chart. Ensure the 2-1-x condition is enabled in the indicator setting. Then using the built-in TradingView - 'Create Alert' feature to register the alert that will listening to 'TheStrat Alerts' indicator monitored events. In this example the alert will specifically trigger if it finds a 2-1 bar setup and send the alert of a possible 2-1-2 setup allowing you to jump to the chart to review.
Description of the script
The script work by monitoring the development of new candles and when it finds a potential developing combination it will generate an alert prior to the completion of the actionable signal.
The following 'TheStrat' combinations have been coded.
2-1-? candle setup (expect 2-1-2)
3-1-? candle setup (expect 3-1-2)
1-2-? candle setup (expect 1-2-2 rev)
3-2-? candle setup (expect 3-2-2 rev)
2d-2d-? or 2u-2u-? (expect 2-2 rev)
"Randy Jackson" 2u-2u-2d-? or 2d-2d-2u-? candle setup
5 consecutive 2u or 5 consecutive 2d "Pivot Machine Gun" candle setup
50% retracement after a 2u
50% retracement after a 2d
Failed 2u - candle that closed red, instead of green
Failed 2d - candle that closed green, instead of red.
1-3 "Nirvana" candle setup
1 candle and 3 candle formation
How is this useful to a trader?
This unequivocally original and useful indicator relieves the need to sit and monitor all the tickers and timeframes you can simply place the alert indicator, enable the conditions under which you wish to be alerted and let it monitor for you.
The clear value of the indicator is the increased ability to find potential setups to trade when certain conditions have been identified.
TO ENABLE, please follow these steps:
1) Add indicator to your TICKER choice and TIMEFRAME of your choice.
2) Open the indicator options/settings (cog wheel of indicator) and select the checkboxes to enable which conditions you want to be alerted on. Start off with a few specific setups to get the hang of the indicator. Then OK the indicator setting window to close it.
3) Next find along the of the screen the 'Create Alert' icon (watch icon with + symbol). Click it will open the ' Create Alert ' settings.
4) For CONDITION , drop down and select ' TheStrat Alerts ' so that the alert will listen for the alerts you selected in the indicator settings.
5) Expand 'More options' to select notification preference like pop-up, sound or email
6) Finally click on ' CREATE ' to register the alerts
The indicator will now generate alerts for the options you enabled in the indicator. Please delete and re-register the alert if you changed any settings in the indicator, for example a different condition.
This indicator is not merging multiple indicators as it uses only the default TradingView alert functionality, and the source code is based on my other highly successful free indicator. The indicator does not infer future performance but does notify of the potential actionable ' TheStrat ' setup prior to the completion of the ' TheStrat ' combination. It is also an independent and standalone indicator and does not rely on any of my other published indicators.
This is a paid private invite-only indicator, if you want a trial, please contact me by sending a private message through TradingView.
Good Luck with trading and I hope this indicator helps to increase the profitability of your portfolio. Happy Trading.
