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Candlestick analysis

DUONG_EURWhat is the RSI indicator? Instructions on how to use RSI in stock trading Currently, technical analysis indicators are widely used to confirm the strength or weakness of the market. In this article, let's learn more about the RSI indicator with DSC to easily confirm the current strength of the market. What is the RSI indicator? The RSI indicator, also known as the relative strength indicator, is widely used in the financial and stock markets. RSI is calculated by the price of the most recent previous closing sessions. Therefore, it is often considered normal when it moves in phase with the price line. RSI calculation formula In which: RS = AvgU/AvgD AvgU is the average of the closing price changes of the increasing sessions in 14 sessions.
Pine Script® indicator
by zosaelse
Phoenix AIThis is the Tradingview version of the original Phoenix on MT4 with a bunch of updates. For access please visit getphoenixnow.com Phoenix was created to give signals based on a trading method I designed. What sets it apart from a lot of other indicators or systems is the use of multiple filters not only working on your current time frame, but it has a high time frame filter that runs a whole different version of Phoenix in the background on that time frame with the same filters. This means that you have auto top down analysis. With this you will only get a signal on your current chart if the other higher time frame chart has already given the signal. With the addition of a RNN (Recurrent Neural Network), Phoenix now auto adjust it's settings based on market conditions. This adds to the number of filters already included in the Phoenix indicator. You have added filters of Momentum, Volatility, Trend and Volume. Phoenix now includes Auto Adaptive stop loss and 3 take profits. The stop loss and take profits are based on market volatility so if the market is moving slow you'll get a tighter stop and take profits, but if the market takes off and gives a signal the stop loss and take profits will be further from price. (Other Invite Only Version)
Pine Script® indicator
by samuelknighten
Profitable Hours EUR/USD Profitable Hours: It identifies the most profitable hours, based on significant price movements and high volatility (higher than the highest price movement and volatility over the last 24 periods). Hour Display in EET: The active hour is displayed in Eastern European Time (EET), which is adjusted based on the GMT offset you provide. This version of the script should help you visualize profitable hours for trading EUR/USD based on price movement and volatility, as well as time zone adjustments.
Pine Script® indicator
by CNC2788
Market Sessions & Viewer Panel [By MUQWISHI]▋ INTRODUCTION : The “Market Sessions & Viewer Panel” is a clean and intuitive visual indicator tool that highlights up to four trading sessions directly on the chart. Each session is fully customizable with its name, session time, and color. It also generates a panel that provides a quick-glance summary of each session’s candle/bar shape, helping traders gain insight into the volatility across all trading sessions. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: This indicator utilizes the “ Timezone — Library ”. A huge thanks to @n00btraders for effort and well-organized work. _______________________ ▋ SESSION PANEL: The Session Panel allows traders to visually compare session volatility using a candlestick/bar pattern. Each bar represents the price action during a session and includes the session status, session name, closing price, change(%) from open, and a tooltip that reveals detailed OHLC and volume when hovered over. Chart Type: It offers two styles Bar or Candle to display based on traders’ preference Sorting: Allowing to arrange session candles/bars based on…   —Left to Right: The most recently opened on the left, moving backward in time to the right.   —Right to Left: The most recently opened on the right, moving backward in time to the left.   —Default: Arrange sessions in the user-defined input order. _______________________ ▋ CHART VISUALIZATION: The chart visualization highlights each trading session using color-coded backgrounds in two selectable drawing styles that span their respective active timeframes. Each session block provides session’s name, close price, and change from open. Chart Type: Candle Chart Type: Box Extra Drawing Feature: This feature may not exist in other indicators within the same category, it extends the session block drawing to the projected end of the session. This's done through estimation based on historical data; however, it doesn’t function fully on seconds-based timeframes due to drawing limitations. _______________________ ▋ INDICATOR SETTINGS: Section(1): Sessions (1) Universal Timezone. (2) Each Session: Enable/Disable, Name, Color, and Time. Section(2): Session Panel (1) Show/Hide Session Panel. (2) Chart Type: Candle/Bar. (3) Bar’s Up/Down color. (4) Width and Height of the bar. (5) Location of Session Panel on chat. (6) Sort: Left to Right (most recent session is placed on the left), Right to Left (most recent session is placed on the right), and Default (as input arrangement). Section(3): Chart Visualization (1) Show/Hide Chart Block Visualization. (2) Draw Shape: Box/Candle. (3) Border Style and Size. (4) Label Styling includes location, size, and some essential selectable infos. Please let me know if you have any questions
Pine Script® indicator
by MUQWISHI
Nirvana Mode PRONirvana Mode PRO is an advanced automated swing trading strategy designed for BTCUSDT on 15-minute charts. It uses a multi-indicator system including EMA crossover (8 & 21), RSI confirmation (thresholds: 55/45), Supertrend direction filter, and a dynamic volume spike condition to identify high-conviction entries. Features: – EMA (8/21) trend logic – RSI momentum filter – Supertrend confirmation – Volume spike validation – Full signal automation for integration with WunderTrading bots – Supports Webhook alerts and 100% hands-free execution on Bitget USDT-M Futures This strategy is optimized for stable low-risk performance with Swing Trade logic and custom alert messaging. Perfect for traders seeking consistent entries without manual intervention.
Pine Script® strategy
by morkoc41
Nirvana Mode PRONirvana Mode PRO is an advanced automated swing trading strategy designed for BTCUSDT on 15-minute charts. It uses a multi-indicator system including EMA crossover (8 & 21), RSI confirmation (thresholds: 55/45), Supertrend direction filter, and a dynamic volume spike condition to identify high-conviction entries. Features: – EMA (8/21) trend logic – RSI momentum filter – Supertrend confirmation – Volume spike validation – Full signal automation for integration with WunderTrading bots – Supports Webhook alerts and 100% hands-free execution on Bitget USDT-M Futures This strategy is optimized for stable low-risk performance with Swing Trade logic and custom alert messaging. Perfect for traders seeking consistent entries without manual intervention.
Pine Script® strategy
by morkoc41
AlphaPulse Luxury EliteAlphaPulse Luxury Suite™ Your Trading Terminal — Reinvented. 🔍 What AlphaPulse Luxury Suite™ Does The AlphaPulse Luxury Suite is a multi-layered precision tool that helps traders identify high-probability trade entries and exits in real-time. It’s designed to adapt to any market condition by fusing the most important elements of technical trading into one intelligent system. Experience the fusion of precision, elegance, and power. The AlphaPulse Luxury Suite™ isn’t just another indicator — it’s your on-chart trading assistant, designed to adapt to any market condition and filter out the noise. 🔹 SuperTrend-Powered Signal Engine Catches trend shifts early with built-in confirmation and dynamic gradient overlays — see the market evolve in real-time. 🔹 Momentum + Trend + Volume Confluence Only triggers trades when multiple forces align. This means fewer fakeouts, higher confidence, and razor-sharp entries. 🔹 Luxury Dashboard Real-time data. Clean visuals. A premium-grade trading interface showing trend strength, momentum, volatility, signals, and risk zones — all in one place. 🔹 Built-in Risk/Reward Calculator Instant Stop Loss and Take Profit levels, dynamically calculated using ATR logic — with customizable risk parameters for your style. 🔹 Clean Mode Minimalist? Toggle everything off except the essentials. Keep it sleek. Stay focused. Whether you're a day trader, swing strategist, or price action purist, the AlphaPulse Luxury Suite™ adapts to your edge — not the other way around. 🟢 Long. 🔴 Short. 🧠 Smart. Welcome to trading in style. AlphaPulse Luxury Suite™ Signal generation tool leveraging SuperTrend for regime detection, MA crossover logic for trend strength, MACD divergence for momentum bias, and adaptive ATR-based risk mapping. Visual overlay assists discretionary decision-making. Ideal for intraday or swing quant-discretionary systems. Message Me on TradingView If Interested
Pine Script® indicator
by JoeWtrades
3
Hourly_Stats by Cryptx// HourlyStats by Cryptx Description: This script displays hourly bullish/bearish statistics for a specific EST hour across weekdays. It highlights the selected hour's candles on the chart and tracks how often they close bullish or bearish, broken down by day (Mon–Fri). How to Use: Set the Highlight Hour (EST) input to your desired hour (e.g., 9 for 9 AM EST). You can also adjust the Start Date and End Date to filter the analysis period.
Pine Script® indicator
by cryptx
HL2 Moving Average with BandsThis indicator is designed to assist traders in identifying potential trade entries and exits for S&P 500 (ES) and Nasdaq-100 (NQ) futures. It calculates a Simple Moving Average (SMA) based on the HL2 value (average of high and low prices) of the current candle over a user-defined lookback period (default: 200 periods). The indicator plots this SMA as a blue line, providing a smoothed reference for price trends. Additionally, it includes upper and lower bands calculated as a percentage (default: 0.5%) above and below the SMA, plotted as green and red lines, respectively. These bands act as dynamic thresholds to identify overbought or oversold conditions. The indicator generates trade signals based on price action relative to these bands: Long Entry: A green upward triangle is plotted below the candle when the close crosses above the upper band, signaling a potential buy. Close Long: A red square is plotted above the candle when the close crosses back below the upper band, indicating an exit for the long position. Short Entry: A red downward triangle is plotted above the candle when the close crosses below the lower band, signaling a potential sell. Close Short: A green square is plotted below the candle when the close crosses back above the lower band, indicating an exit for the short position. The script is customizable, allowing users to adjust the SMA length and band percentage to suit their trading style or market conditions. It is plotted as an overlay on the price chart for easy integration with other technical analysis tools. Recommended Time Frame and Settings for Trading S&P 500 and Nasdaq-100 Futures Based on research and market dynamics for S&P 500 (ES) and Nasdaq-100 (NQ) futures, the 5-minute chart is recommended as the optimal time frame for day trading with this indicator. This time frame strikes a balance between capturing intraday trends and filtering out excessive noise, which is critical for futures trading due to their high volatility and leverage. The 5-minute chart aligns well with periods of high liquidity and volatility, such as the U.S. market open (9:30 AM–11:00 AM EST) and the afternoon session (2:00 PM–4:00 PM EST), when institutional traders are most active. Why 5-minute? It allows traders to react to short-term price movements while avoiding the rapid fluctuations of 1-minute charts, which can be prone to false signals in choppy markets. It also provides enough data points to make the SMA and bands meaningful without the lag associated with longer time frames like 15-minute or hourly charts. Recommended Settings SMA Length: Set to 200 periods. This longer lookback period smooths the HL2 data, reducing noise and providing a reliable trend reference for the 5-minute chart. A 200-period SMA helps identify significant trend shifts without being overly sensitive to minor price fluctuations. Band Percentage: 0.5% is more suitable for the volatility of ES and NQ futures on a 5-minute chart, as it generates fewer but higher-probability signals. Wider bands (e.g., 1%) may miss short-term opportunities, while narrower bands (e.g., 0.1%) may produce excessive false signals. Trading Session Recommendations Futures markets for ES and NQ are open nearly 24 hours (Sunday 6:00 PM EST to Friday 5:00 PM EST, with a daily break from 4:00 PM–5:00 PM EST), but not all hours are equally optimal due to varying liquidity and volatility. The best times to trade with this indicator are: U.S. Market Open (9:30 AM–11:00 AM EST): This period is characterized by high volume and volatility, driven by the opening of U.S. equity markets and economic data releases (e.g., 8:30 AM EST reports like CPI or GDP). The indicator’s signals are more reliable during this window due to strong order flow and price momentum. Afternoon Session (2:00 PM–4:00 PM EST): After the lunchtime lull, volume picks up as institutional traders return, and news or FOMC announcements often drive price action. The indicator can capture breakout moves as prices test the upper or lower bands. Pre-Market (7:30 AM–9:30 AM EST): For traders comfortable with lower liquidity, this period can offer opportunities, especially around 8:30 AM EST economic releases. However, use tighter risk management due to wider spreads and potential volatility spikes. Additional Tips Avoid Low-Volume Periods: Steer clear of trading during low-liquidity hours, such as the overnight session (11:00 PM–3:00 AM EST), when spreads widen and price movements can be erratic, leading to false signals from the indicator. Combine with Other Tools: Enhance the indicator’s effectiveness by pairing it with support/resistance levels, Fibonacci retracements, or volume analysis to confirm signals. For example, a long entry signal above the upper band is stronger if it coincides with a breakout above a key resistance level. Risk Management: Given the leverage in futures (e.g., Micro E-mini contracts require ~$1,200 margin for ES), use tight stop-losses (e.g., below the lower band for longs or above the upper band for shorts) to manage risk. Aim for a risk-reward ratio of at least 1:2. Test Settings: Backtest the indicator on a demo account to optimize the SMA length and band percentage for your specific trading style and risk tolerance. Micro E-mini contracts (MES for S&P 500, MNQ for Nasdaq-100) are ideal for testing due to their lower capital requirements. Why These Settings and Time Frame? The 5-minute chart with a 200-period SMA and 0.5% bands is tailored for the volatility and liquidity of ES and NQ futures during peak trading hours. The longer SMA period ensures the indicator captures meaningful trends, while the 0.5% bands are tight enough to signal actionable breakouts but wide enough to avoid excessive whipsaws. Trading during high-volume sessions maximizes the likelihood of valid signals, as institutional participation drives clearer price action. By focusing on these settings and time frames, traders can leverage the indicator to capitalize on the dynamic price movements of S&P 500 and Nasdaq-100 futures while managing the inherent risks of these markets.
Pine Script® indicator
by BigGuavaTrading