hammerCandle & starCandleIn this scrip we have combine Pinbar Candlesticks calculated using Fibonacci, the bullish hammer candlestick and bearish star candlestick with EMAs and ATR.
I have used 12 Hour time frame which works well EUR/USD, this script works well on higher time frames such as Daily, 12 hours etc.
I have used 1.5 times the ATR as the stop loss and 1 times the ATR as the take profit as these risk to reward ratio gives us the best results for the 12 hour time frame for EUR/USD. Past result are not a prove of performance of the future.
I have added 1 for slippage and 1 for commission.
This script contains AutoView syntax and is fully automated if you connect TradingView to AutoView and a broker, prefebly Oanda.
This script uses two exponential moving averages for trend detection and Average True Range , ATR for stop loss and take profit targets. All of these setting are adjustable.
We only trade with the trend if the 50 period exponential moving averages is above the 200 period exponential moving averages, if a hammer candle is formed for entry.
Likewise with sell trade if a star candle is formed for entry and if the 50 period exponential moving averages is below the 200 period exponential moving averages.
This script does not trail your stop loss as I have noticed it does not give me good results. Stop loss is a fix stop loss based on Average True Range and so is the profit target.
This script has risk management, it risk a certain percent of the inputted capital amount in the setting. See settings for more details.
Note: Due to auto risk management this script only works on Forex.
Green line is 50 period exponential moving averages and red line is the the 200 period exponential moving average . Blue line is stop loss for long trade and black line stop loss for short trade.
Please trade at your own risk, all the setting in the script are adjustable for you to test before trading.
Many Thanks,
Honet Trader
Анализ свечей
Pinbar-Rejection-IndicatorThis indicator allows you to filter noisy pin bar chart, with pin bars which have been rejected from dynamic support/resistance level also named as 21 Moving Average.
I would consider to work only on higher time frames like 1H and higher, so you really can find only best entries.
Have fun, write your feedback in the comments section:)
P.S This is the first version of the indicator, so be free to contribute, and soon I'm going to improve this indicator.
Abnormal Pin BarPin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction.
You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body.
With this indicator, you can set your own abnormal pin bar settings. The indicator will highlight abnormal pin bars according to the settings you specified.
The indicator uses the following three factors to indicate abnormal pin bar:
- Minimum body ratio in the pattern in percent
- Minimum ratio of the long shadow to the body
- Minimum ratio of the long shadow to the short shadow
Also, there is a volume strength check to confirm the pin bar. If the volume where the pin bar is formed is greater than the 20 volume average, it indicates that the pin bar is more important. Of course, confirming the pin bar with the volume is optional and you can disable it in settings if you wish.
You can use the highlights of this indicator as an entry signal if the pin bar appears at the trend key levels or in support or resistance zones.
Candles Based On Traded VolumeCBTV - Candlesticks Based on Traded Volume
This is the first robust implementation of volume based candlesticks (bars) on TradingView. This type of bar was describe in the book "Advances in Financial Machine Learning," written by Lopez de Prado, a well-known quant who has managed billions of dollars over the course of his career.
Volume Candlesticks (Bars) are bars that are indexed by total volume, with each set of N shares exchanged forming a separate bar.
This means that on CBTV chart a candle forms not after a specific time interval defined by the time frame of the chart, but when a determined volume was traded.
This approach to price sampling is much better than the time based one, because it does not oversample periods where nothing happens. Traditional candlestick charts show a lot of low volume bars without meaningful price changes in them.
The efficient price sampling results in better results when using volume based bars in machine learning forecasting models. They are also useful for technical analysis. Candlestick patterns on CBTV chart are more pronounced and have more predictive power.
Volume based bars can be constructed only for instruments where volume data is available. These are stocks, futures and crypto currencies.
When you run CBTV it appears in a separate window below the traditional time based chart.
CBTV will be used in pair with a helper indicator which is called Optimal Volume per Candle (OVPC).
When applied to a chart OVPC shows the optimal range for volume per candle to construct volume based candlesticks from this timeframe data. It appears in the blue box above the most recent candle of a standard time based chart.
When you set a Volume Per Candle parameter in CBTV make sure it is within the range that shows OVPC. In this case volume based chart will be easy to read and all the calculations will be performed with the high level of precision.
The most recent unfinished candle is marked with the different set of colors than historical candles. Unfinished candle is colored in orange if it is a falling candle, blue it it is a rising one.
If you leave the CBTV chart opened for a long time you can have multiple blue or orange candles on it. In this case press the “hide” icon with the eye sign twice (it’s on the left side of the indicator panel next to its input parameters). This will refresh the CBTV and remove the artifacts.
While everything comes Real-time you will see the orange or blue bars form but never update. All you need to do is REFRESH THE CHART. Hoping soon to update this with a version you wont have to refresh the chart.
Please drop a like and comment what you guys think and once again thank you Tradingview for such a great platform :)
MTF CandleLevelsIn the spirit of freedom from oppression on this day of July 4th, 2021 in the United States, I hereby release this flagship indicator "MTF CandleLevels" into the wild for any subscribing TV member on the planet to utilize. It's now one my few great gifts to the souls of humankind within the realm of trading on TV. TradingView continues to bless Pine Script by releasing supplemental upgrades, enough for me to develop this indicator beyond it's experimental phase to full potential, as I had always wished to design it from theory. Educationally while using it, you will witness how OHLC/HA candles are actually formed for charts. I like to think of it as a candle formation microscope anyone can learn from.
It is intended for any style of trading or skill level from newcomer to advanced. There are no requirements/prerequisites for you use it. Which means you don't have to wear a mouth muzzle, get multiple doses of the life endangering FrankenJabs, subserviently bow down to authoritarian demands of obedience, or learn the ancient mystical art of deception "Fau Chi" in order to employ it's inherent power. A little sprinkle of satire helps with a dry technical read :). You have the absolute freedom to utilize it any way you see fit! That's right, it's even your choice whether you use it or not. The unshackled empowerment of choice always equates to FREEDOM. I can't program these precious gems without it...
One thing you will have noticed is it's specifically published on a Heikin Ashi(HA) chart, while having immunity to the Heikin Ashi candle charts unique open/close behavior. This has been believed to be an impossibility until now. For members who don't know, HA candle charts have a different `open` and `close` from the `open` and `close` of the other ordinary OHLC candle charts. Regardless of "CandleLevels Mode" chosen in Settings, the indicator will display identical on either bar chart type, excluding Renko, Line Break, Kagi, Point&Figure, and Range candle charts of course. It's abilities supersede the simpler "Multi-Time Period Charts" built-in TV indicator with a completely different architecture. For those of you extremely curious about how I accomplished this indicators level of code complexity, it was immensely difficult taking over a year of effort for this one functional unit, and I will leave it at that...
This novel MTF technology displays OHLC/HA support and resistance levels that mimic the functionality of larger duration candle formations in real time. Basically explained, while charting on a shorter duration timeframe candle chart, you can see open, high, low, and close levels fluctuate in the larger duration timeframe. This reduces the need to jump back and forth to view price action on different chart sampling intervals. You may even use multiple sets of CandleLevels indicators over a wide variety of chosen timeframe options, along with everything else in between.
The CandleLevels behavior is chosen within the indicator "Settings" using a selection mode of either the standard OHLC candlestick formations or Heikin Ashi candlestick formations. Each mode has a multitude of uses depending on the users trading style or timeframe.
Visbility of CandleLevels will ONLY occur when it is set to a larger duration timeframe interval than the current chart sampling rate. For example, you may be using the 5 minute interval sampling rate on the chart, yet you can easily see the open, high, low, close ranges with a chosen 120 minute timeframe setting. The multiple time frame(MTF) settings are highly adjustable having intervals of seconds, minutes, days, a multiple of the chart interval, or the common input(type=input.resolution) function provided by Pine.
CandleLevels come with multiple color schemes to reduce color interference with other indicators in the overlay pane, including the intended use of multiple sets of CandleLevels. My basic color scheme selections can be overridden to choose any imaginable color you desire for your visual acuity. Also, there are additional controls available to fine tune a visually pleasing appearance depending on your preferences and viewable area. One last new hidden fine tune capability, not only for this indicator but all TV indicators, is the agility to use up/down arrow keys on the keyboard when an indicator setting is in focus after mouse selection. For example, when choosing line thickness, you can modify values/options by key stroke. Try it out, I'm sure you will find this useful for any indictor for eternity.
NOTICE: There is only 500 line drawings available, in total to display, at this current release. This equates to 83 sets of CandleLevels maximum.
Features List Includes:
Candle type selection
MTF controls for seconds, minutes, days, multiple-of, and TV input
Multiple color schemes with color overrides
Color opacity selector
Line thickness control
Enable/disable capable MTF interval display with positioning
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
RISK DISCLAIMER:
My scripts, indicators, and studies are specifically intended for informational and educational use only. These use historical data points to perform calculations to derive real-time calculations. They do not infer, indicate, or guarantee future results or performance.
By utilizing this script/indicator/study or any portion of it, you agree to accept 100% responsibly and liability for your investment or financial decisions, and I will not be held liable for your subjective analytic interpretations incurring sustained monetary losses. The opinions and information visual or otherwise provided by this script/indicator is not investment advice, nor does it constitute recommendation.
3B-Play Finder1 - Objective
2 - How to use (Theory)
3 - How to use (Grade System)
4 - Inputs
5 - Extras and Alerts
6 - Notes
Objective
This script aims to mark 3 Bar play patterns (both short and long) by identifying them on the chart, with an arrow pointing up from long and down for short. Aswell, setting alerts based on grade.
Following the base concept, this script comes with a "grade" system (A, B, C), which aims to classify 3B-Play according to input parameters.
2 - How to use (Theory)
The pattern is described by a wide range Ignite bar followed by a narrow resting bar.
Long
Given a 3 Bar play pattern, with a wide range green bar, the entry point should be above the ignite and narrow bar wicks (high) with stop loss set below the resting bar wick low but within ignite wide range bar.
The exit depends on the chart analysis, and there is no set rule for it.
Short
Similar to long but is with a wide range red bar and entry is defined on wick low and stop-loss at wick high.
3 - How to use (Grade System)
Since 3B-play come in all sort of shapes, some are "textbook" perfect, others a bit more "loose". I set a grading system, to differentiate each one.
The way the 3 Bar play quality is determined is based on the percentage size of the resting bar in relation to igniting bar size, starting from de close. An example of how this works is the following. Note: enabling the extra draws lines helps visually to adjust the grades to your preference.
4 - Inputs
3B Quality section
Enable/disable each grade.
CONTROL LONG / SHORT
Set the percentage values for each grade.
Extras
Enable/Disable extra plots.
5 - Extras and Alerts
This script comes with an extra section, enabling it, draws lines on the max and min values, as well, showing the values in text and the set percentage.
Also, you can set alerts based on the grade and short/long, note you should set the alert to bar close to avoid pre-trigger warnings.
6 - Notes
The script can be shorted a lot, by only looking for a single 3 bar play, to less than 30 lines.
NSDT Trend CandlesThis script changes the color of the candles based on uptrend (green), downtrend (red), neutral/chop (yellow). It uses an ATR and Pivots to determine the direction, or lack of. Since all markets move differently and market volatility changes, you will need to adjust the settings to find a potential match for the day. It's pretty simple to use. Just enter in the direction of the trend and exit (or reverse) when the candle color changes.
Active Market FTFCIncludes most features of my original Strat Candles+Open Levels+Active FTFC indicator but this new addition is focused more for day traders.
Active Market FTFC allows you to add ONE broader average ticker (Indices, Sector or any other ticker you desire). When your stock and the selected ticker BOTH have Full Timeframe Continuity the Candle will light up.
In this example I have opened up $TSLA 15 minute chart. Once the Indicator has been applied I have entered $QQQ within my indicator settings and selected 15/30/60/D open levels with the Active FTFC function for 15/30/60/D.
Once TSLA's 15/30/60/D close price is more than the open price AND the QQQ broader average's 15/30/60/D close price is more than the open price the candle will change colour.
Please change your Active FTFC Candle Colours within the settings. I hope this indicator helps someone :)
Common Candlestick PatternsCommon Candlestick Patters Highlighter.
- TLS: Three Line Strike (Bearish and Bullish)
- AB: Advance Block
- IB: Inside Bar
HTF Candles by Prosum SolutionsOverview of Features
This indicator was inspired by the work of "informanerd" in the script called "HTF Candles" as well as the built-in script called "Multi-Time Period Charts" by TradingView. The script will provide a highly customizable interface to specify the higher timeframe resolution for the candlesticks, the type of candle, as well as various styling options for the body, borders and wicks.
Usage Information
The indicator can be applied to any chart at any time frame, but resolutions less than 1 minute may demonstrate gaps between bars and the candles may not render properly.
When the "Same as chart" option is chosen for the "Resolution" field, the indicator will attempt to find a higher timeframe resolution to ensure the candlesticks are drawn.
Enjoy! 👍
Liquidation Wicks BTCThis script shows the variance between the various btc intruments to find when liquidation cause extreme wicks and price disparity between exchanges
The red dots indicate the difference of the LOWS
and the green dots indicate the difference of the HIGHS
The indicator only works for BTC but it doesn't matter what chart its used on
PriceCatch Malaysia MYX Stocks Screener FHi,
Tradingview community and Malaysian MYX Traders. Warm Greetings.
Malaysia MYX Stocks Screener
I am sharing a script that screens Malaysia MYX stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Malaysia MYX listed stocks.
I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable buy opportunities. The purpose of this script is to help screen stocks quickly without manually going through every stock in your watch list.
Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.
Stock Set
This Free screener scans a list of 20 stocks. The full version scans a list of 60 stocks. The stocks list will be regularly updated. Care has been taken to include liquid stocks. MYX traders may suggest liquid stocks for inclusion in full version.
Chart resolution vs. Script resolution
I have noticed that if the chart resolution is set to 15 minutes time-frame and the screener resolution is selected as 2 Hours, then the results are correct. However, if the screener resolution is set to 5 minutes, then the results are not accurate. This is not an issue with script. So scanning higher time-frames from a lower time-frame chart works better. My advice however, is better to set the chart resolution to the same interval as screener resolution for sure results.
As usual with price action, longer time-frames produce more reliable signals.
CHART
You can have any stock on your chart, while the screener is scanning the stocks independently. In the above image, chart is set to 45 minutes time frame and stock is ABMB, however screener is screening stocks in 120 minutes time frame and has found GTRONIC.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
Fair Value Gap / FVG - HTF Orderflow bias / trendCalculates Fair Value Gap (FVG) as a counter and plots it below price.
FVG Counter value resets to +ve or -ve once the FVG counter reverses direction.
Use this script to find a bias to trade with.
Best used on HTF (like 1W, 1D), so the bias can be transferred to LTF (like 4H, 1H).
If you end up using this script, please leave a comment below on how you used it. I can try to incorporate those ideas in an update.
Cheers!
Configurable Horizontal LevelsThis script draws horizontal levels onto a chart. Unlike existing scripts, this one allows the configuration of the level number, starting level, and level distance.
BTC PairsHi Crypto traders,
As many of you, while trading in altcoins, it is important to look at their BTC pairs also. That is why I created a script like this.
It works under these conditions:
1- The coin you are looking for must have BTC pair in the exchange of the chart. ( If an exchange does not have ADABTC while it has ADAUSDT, the script wont work )
2- The pair in that exchange must be concatenated as follows "PAIR_NAME" + "BTC" in tradingview. Ex: "ADA" + BTC" = "ADABTC"
If you have any questions or suggestion, I would be glad to hear and answer them.
Stay Safe.
I Ching Hexagrams Part 2IMPORTANT!
Get the other indicator I Ching Hexagrams Part 1 for the full set!
Here is the first half of the I Ching's hexagrams.
Each candle generates a hexagram at close, based on that candle and the previous 5.
A green candle is yang and a red candle is yin.
In this way, price action generates a hexagram.
Use this to generate a hexagram for the day or even to find interesting patterns to trade.
Have fun!
I Ching Hexagrams Part 1IMPORTANT!
Get the other indicator I Ching Hexagrams Part 2 for the full set!
Here is the first half of the I Ching's hexagrams.
Each candle generates a hexagram at close, based on that candle and the previous 5.
A green candle is yang and a red candle is yin.
In this way, price action generates a hexagram.
Use this to generate a hexagram for the day or even to find interesting patterns to trade.
Have fun!
SL Hunter Tracker SL Hunter Tracker
coded by Bogdan Vaida
SL Hunter Tracker is a meticulous hunter that tracks SL hunters.
First it plots the fractals on the chart, then it draws lines from them
to the last wick that touched that height. You can add sweep alerts, once
per bar close, so that you get notified when a wick was touched.
Tested on: EURUSD 30'
Line Chart Enhancer by makuchakuTradingview has a good line chart, but I wanted to make it even more awesome.
Some shortcomings which this line chart enhancer script fixes
Colors up move as green, down move as red (you can change them as you like)
Plots high and low - so that one can be aware about what the price is doing
To achieve the look with markers as shown above
Goto Symbol settings > Type > Select "With Markers"
Feedback welcome!
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
RSI Signals by HBRELATIVE STRENGTH INDEX (RSI)
This is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...!
I have set it as the default setting
- RSI Length: 7
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing
2) RSI Overbought / Oversold with Hammer and Shooting Star
3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars
4) RSI Overbought / Oversold with All Patterns at the same time
When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren , when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met,
and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren , This indicator will generate a sell/exit signal when the condition is met,
2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move
and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move
3rd Condition is also the same as Condition 1 and Condition 2,
When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars , when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market,
When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars , when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal,
4th Condition is that we can use All Conditions at the same time,
- Bullish Engulfing / Bearish Engulfing
- Hammer and Shooting Star
- 2 Bullish Bars / 2 Bearish Bars
Value CandlesCreating candles from value stats as an experiment. These candles will almost always follow price candles except when there is a deviation.
Strategies based on buying the dips can be applied better on value candles. This is because, drop in value candles imply real bargain whereas drop in price candles can also be due to some other factors.
We can clearly see in the Amazon chart that value candles have come down even though price candles are at same level from September. This signifies AMZN stock is having more value now (due to increased sales from September to now) than back in September even though the price is same.
Another simple thing we can do is move Value candles into same overlay as that of price candles. This will look something like this:
Key thing to remember : Lower the value candle higher the relative value of stock.
Secondary Candle OverlayThis simple script is meant to allow the user to select another symbol to add onto their chart and plot the candlesticks for that symbol at the selected resolution requested.
Please see the tooltip provided by the 'Secondary Symbol' input for more details with regards to properly using this script on symbols that have vastly different valuations, it will help with getting the symbol requested to scale properly with the primary symbol on the chart.
The user may also input which colors are used for bullish/bearish candles as well as the symbol itself and its resolution.
IMPORTANT NOTE: THIS SCRIPT DOES NOT ACCOUNT FOR SYMBOLS THAT ARE NOT CONTINUOUS (The defval for the symbol is TVC:DXY which closes on weekends whereas a cryptocurrency like Bitcoin does not stop trading ever; candles on these kinds of markets will be repeated when overlaid onto markets that do not have this property.)
