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Candlestick Analysis

Bitcoin CME Gaps [NeoButane]Simple script that checks for gaps in price from CME. tickerid(x, y, sess) doesn't seem to be applying correctly for the ticker specified at the moment so there are a couple of 'gaps' peppered on lower timeframes. Gaps are legitimate price levels to look as a support or resistance. The theory is that volume needs to be gap filled, but I currently believe it's an easy entry/exit trade for those who can move the market. I don't think there is sound analysis behind the why, but it is real.
Pine Script™ indicator
by NeoButane
5
FTX Index Advance Decline LineAs of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin. This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line. I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking. Doesn't it look like Renko? Some notes: Reason why it expands: Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction. Reallly looks like Renko: Renko with ATR, length 14, hourly chart.
Pine Script™ indicator
by NeoButane
1
Reversal finderThis script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level. Inputs are: Lookback period: look for the highest high and the lowest low of the prior x bars. SMA length: used for a simple moving average of the range (high minus low) of the prior x bars. Range multiple: used to filter out signals for any bars with a range smaller than the average range of the preceding bars (determined by SMA length above) e.g. a range multiple of 2 will only show signals for bars with a range twice of that of the average range of the preceding bars. Range threshold: used to filter signals for bars both the open and close of the bar are at the extreme end of the bar e.g. a threshold setting of 33% will only show buy signals for bars which open and close within the upper 1/3rd of the bar’s high/low range (vice versa for sell signals). This helps highlight, for example, bars with a high which exceeds resistance in a current range but which close back inside the range. Highlight signal bars?: This will highlight bars with a buy signal in green, sell signal bars in red, and all other bars in grey. The script was designed for use with a dark background, so you will need to play around with the bar colours in the style settings to suit your preferences. Settings used in the example chart are not the default – they are lookback: 5, SMA length: 20, range multiple: 1.2, range threshold: 33%. Enjoy!
Pine Script™ indicator
by NS91
23
BERLIN CandlesA problem with Heikin Ashi is that while it gives you a great overview of overall direction, it is rarely possible to use it as a replacement for normal japanese candlesticks. The reason for this is that actual price data is lost, since the candles are more akin to a moving average than a different way to see price action. Also, with Heikin Ashi, most of the actual price action is lost, because the candles can be bigger than the high and low of the underlying japanese candlestick. With BERLIN Candles I have tried to fix that problem. By using a smoothed out version of the previous Heikin Ashi candle close as the current BERLIN Candle open, the high and low of the actual japanese candlestick for the high and low of the BERLIN Candle, and the current Heikin Ashi close as the BERLIN Candle close, while setting hard limits for BERLIN Candle open and close values so that they can never exceed the high and low of the underlying japanese candlestick. One problem still persists though. The actual current price data is lost. However, the BERLIN Candles have solved this by adding a fifth part to the candles. The close of the underlying japanese candlesticks are indicated with a plus-sign. This way, actual price data is never lost, while keeping all of the other benefits of this type of candles. A few added bonuses: The addition of the 14 period ATR at the latest candle The baseline from Ichimoku is included as an option The 14 period ATR value of each candle can be seen in the indicator data as the orange value
Pine Script™ indicator
by lejmer
14
BEST Engulfing + Breakout StrategyHello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition Take out the notebooks :) and some coffee (good for focus). I'm bullish in coffee The engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The bullish Engulfing pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle The bearish Engulfing pattern appears in a downtrend and is a combination of one green candle followed by a larger red candle Example: imgur.com We're bored sir... what's the point of all this? In summary, an engulfing is a pattern to track reversals. (the whole TradingView audience stands up now giving a standing ovation) Adding the Price vs Moving average filters allows to track reversals with momentums (half of the audience collapsed because this is too awesome) Ok sir... you picked up my interest I included some cool backtest filters: - date range filtering - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) All the best Dave
Pine Script™ strategy
by Daveatt
21
Engulfing Look-back AlertThis script is an extension of the classical engulf pattern with added rules and user defined features. Engulfing Candle Definition: - Bullish Engulfing: Trade BELOW the prior candle's LOW and CLOSE ABOVE the prior candle's HIGH. Previous candle can be an up (bullish) or a down (bearish) candle - Bearish Engulfing: Trade ABOVE the prior candle’s HIGH and CLOSE BELOW the prior candle’s LOW. Previous candle can be an up (bullish) or a down (bearish) candle Features: - Set the look-back period for engulfing candle high and low -> default = 1; e.g. Did the bullish eng candle trade below the lows of the last 3 candles and trade above the highs of the last 4 candles? Set the input values accordingly - Choose time frame(s) engulfing candle is to be displayed on -> default = M/W/D/4H/1H/15M - Ability to enable Alerts (includes time frame alert was triggered on): IMPORTANT - when setting alerts ensure to choose "ONCE PER BAR"; otherwise alerts will NOT trigger as intended prntscr.com
Pine Script™ indicator
by cryptovesta
11
B3 Clear Method Streak CountAbout Clear Method -- to repeat my prior post on the bar painter script: This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the colors in the UI. It does the rest. This version can replace my previous Clear Method Bar Painter as it also paints the bars. What is different is this share is a lower study that counts the streak of the bars shown via histogram. The way to use the streak is to notice the previous streaks and get a sense of how long the current trend is lasting versus prior trends of the same direction. @Tradestation recently posted their "price streak" study, and this one is quite similar in nature. Enjoy, the code open to view, _B3 d^.^b
Pine Script™ indicator
by HammondB3
10
Bull/Bear Engulf High Low LookupAllows to specify the high and low look-back period for both Bullish and Bearish engulfing candles. In essence, it is an extension of the classical engulf pattern. By default lookback period is set to 3. Can be used on any time-frame and any instrument. Previous candle is irrelevent. An engulfing candle is defined as follows: Bullish: Must trade BELOW prior candle LOW and close ABOVE prior candle HIGH Bullish: Must trade ABOVE prior candle HIGH and close BELOW prior candle LOW
Pine Script™ indicator
by cryptovesta
2
Divergence for many indicator v3Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend reversal) Divergences version 2 has latency because it waits higher time frame completion. in this new version the script uses Pivot Points and on every bar it checks divergence between last Pivot point and current bar and if it finds any then immediately draws line and removes old one. so there is no latency with this version. There are predefined 10 indicators in the script, you have option to choose which indicators the script would analyse for divergence. (RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF) In replay mode you can see how the script puts new divergence line and removes old one. you better see it for yourself by using replay mode. Hope you Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
313
Strategy Test - Cancel Limit Order and Position SizingWhile working thru another project had the need to troubleshoot the canceling of a limit order syntax/process as well as work thru the code and logic to automagically set the position sizing based off two user inputs (Amount to Risk in USD and Leverage to Use) and the potential entry and stop levels for an inside bar candle pattern in this scenario. Once we find the distance between the entry and stop level we can figure out the stop percentage amount which matches up with what a user would see manually drawing using the long or short tool in tradingview. Once we have the user inputs and levels we can get an amount to be used in later qty= type of places in zeeee pine script....
Pine Script™ strategy
by JoshuaMcGowan
5
Noro's BottomSensivity v0.6 strategy + rsi + AlarmThe original indicator is Noro's BottomSensivity v0.6 I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy. I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market. I have tried to insert an alarm so that I can be notified when this particular purchase condition is formed. I also tried to insert an additional filter that would allow me to make further pyramid purchases only after a certain percentage of drawdown from the first entry so as to reduce the average purchase price but I was not able ... if someone could implement this I would appreciate it. Well..this is the first time that I try to program / modify a strategy / indicator, there are certainly some gross errors (as in my English too), please forgive me, I will appreciate the corrections that more experienced users will want to make. I wish you all a good day, pfjons
Pine Script™ strategy
by pfjons