candlestick trend

8 мар. 2022 г.

This indicator is a basic candlestick pattern check.
If the current candle is close above the previous candle's high then it is considered a bullish sign and it is shown with green color. Now it would be green until one candle does not close below the previous candle low.
same for the bearish signal.
If the current candle is close below the previous candle's low then it is considered a bearish sign and it is shown with red color. Now it would be red until one candle does not close above the previous candle high.

8 мар. 2022 г.

Информация о релизе

Added more time frame details.
Uppermost using trend check for the hourly time frame.
The middle one is for trend check for the day time frame.
The bottom one is for trend check for the weekly time frame.

The concept remains the same for the timeframe trend analysis.
If any candle closes above the previous candle then it's considered a bullish sign which marks green in the chart. Now it would be green until the next candle not having close below the previous candle low.
If any candle closes below the previous candle then it's considered a bearish sign which marks red in the chart. Now it would be red until the next candle not having close above the previous candle low.

************Important *************************
Don't use indicators above the hourly time frame because above it will not give perfect results.

19 мар.

Информация о релизе

Now updated for timeframe sensitive so it will be more helpful.

19 сент.

Информация о релизе

Dynamic Candlestick Trend Panel is a multi-timeframe trend visualization tool.

It monitors the price action across three customizable timeframes (lower, middle, higher) and determines trend direction by comparing the current candle’s close with the previous candle’s high and low:

Uptrend: If close ≥ previous high

Downtrend: If close ≤ previous low

This approach is useful in identifying strong trend continuations.

The indicator plots each timeframe’s trend as a color-coded bar in a separate panel:

Green = Uptrend

Red = Downtrend

The indicator remembers the last trend and continues displaying it until a new trend is detected (persistence logic).

You can choose to let the script auto-select the timeframes based on your current chart, or manually select custom timeframes for each trend layer.

📊 Use Case: This tool is helpful for traders looking to confirm alignment across multiple timeframes before entering trades.

✅ No strategy/backtest logic is included, this is an analysis/confirmation tool only.

🛠 Customization:

Enable/disable custom timeframes

Manually choose lower/mid/higher timeframes

⚠️ This script is meant to be educational and should be combined with your own judgment and trading plan.