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Candlestick analysis

Reverse Relative Strength Indicator [RRSI]🌀 Reverse Relative Strength Indicator (RRSI) RRSI is a custom-built indicator inspired by the traditional RSI, but with a reverse logic. It aims to capture reverse momentum within strong trends, making it especially useful for identifying contrarian overbought/oversold zones in trending markets. 📌 Key Features: ✅ Built on a price momentum reversal mechanism, ideal for spotting short-term pullback opportunities within trends ✅ Default range ; values above 80 indicate reverse overbought, below 20 indicate reverse oversold ✅ Works best when combined with RSI/MACD for multi-factor strategies 📈 Use Cases: 📍 Catching pullback entries during trending markets 📍 Spotting reversal signals in ranging conditions 📍 Serving as a filter for entry/exit conditions in automated trading systems 🧠 Strategy Suggestions: In strong trend conditions (e.g., when moving averages are aligned), consider buying when RRSI drops below 20 In sideways markets, look for selling opportunities when RRSI enters overbought zones, especially near resistance or upper Bollinger Bands 📐 Fully customizable parameters for personalized optimization.
Pine Script® indicator
by rshvip
AlphaTrend++AlphaTrend++ An advanced, fully customizable fork of Kivanc Ozbilgic’s AlphaTrend. This version enhances signal accuracy and chart clarity with: • Original AlphaTrend signal logic including signal frequency filtering (barssince-based) • Optional raw (unfiltered) signal mode for more frequent entries • Dynamic stop loss tick labels based on AlphaTrend levels and user-defined tick size • Optional time window filter for intraday signal control • Clean dual-layer trend cloud with color-coded momentum direction Ideal for discretionary or system traders looking to combine visual structure with robust signal logic.
Pine Script® indicator
by charleyRT
Umair SuperchartThis indicator combines traditional pivot point analysis with volume surge detection to provide comprehensive trading signals. Here are its key features: Main Components: 1. Daily Pivot Points (PP, R1-R3, S1-S3) - Automatically calculates and displays pivot levels - Color-coded lines (Red for Resistance, Blue for Pivot, Green for Support) - Movable information box showing all levels - Works across all timeframes 2. Volume Surge Detection - Monitors volume increases above 20-period average - Shows small triangles for immediate volume surges • Green triangle below bar for bullish volume • Red triangle above bar for bearish volume 3. Strong Buy/Sell Signals - Tracks sustained volume surges (default 10 minutes) - Displays blinking "STRONG BUY!" or "STRONG SELL!" messages - Provides alerts for sustained momentum Customizable Features: - Adjustable volume surge threshold - Customizable sustained period duration - Movable pivot level display box - Adjustable line widths and colors - Flexible position settings Alerts: - Price breaks above R1/below S1 - Immediate volume surges - Sustained bullish/bearish volume movements Perfect for: - Day traders monitoring volume-price relationship - Swing traders using pivot points for support/resistance - Technical analysts requiring multiple confirmation signals
Pine Script® indicator
by dodgeyouself
Simple Momentum IndicatorThis helps you see if price is gaining bullish or bearish strength. HOW TO USE: A line above 0 = bullish momentum (price is rising) A line below 0 = bearish momentum (price is falling) A flat line around 0 = neutral , range-bound price Color: green (bullish) or red (bearish) Optional background color to match momentum direction SITUATIONS OF: 1. Confirm Reversals If you get a rejection john wick + engulfing candle, Check if momentum is flipping at the same time If yes = stronger reversal confirmation 2. Avoid Range Traps If momentum is flat around 0, avoid trades — it’s not trending Wait until momentum clearly breaks above/below 0 Best Timeframes to Use 5m / 15m = for scalping and fast intraday moves 1H / 4H = for cleaner, swing-trade confirmation Works great when the market is volatile, like: London / New York session Breakout after consolidation -Chris (973) 37733023
Pine Script® indicator
by bolchristian
3
Weekday Divider Lines//@version=5 indicator("Weekday Divider Lines", overlay=true) // === Define line colors for each weekday === mondayColor = color.gray tuesdayColor = color.yellow wednesdayColor = color.orange thursdayColor = color.green fridayColor = color.blue // === Plot vertical lines at the beginning of each day (on daily timeframes and below) === isNewDay = ta.change(time("D")) // === Get current day of the week === // Monday = 1, ..., Sunday = 7 day = dayofweek if (isNewDay) if (day == dayofweek.monday) line.new(x1=bar_index, y1=low, x2=bar_index, y2=high, color=mondayColor, width=1, style=line.style_dotted) if (day == dayofweek.tuesday) line.new(x1=bar_index, y1=low, x2=bar_index, y2=high, color=tuesdayColor, width=1, style=line.style_dotted) if (day == dayofweek.wednesday) line.new(x1=bar_index, y1=low, x2=bar_index, y2=high, color=wednesdayColor, width=1, style=line.style_dotted) if (day == dayofweek.thursday) line.new(x1=bar_index, y1=low, x2=bar_index, y2=high, color=thursdayColor, width=1, style=line.style_dotted) if (day == dayofweek.friday) line.new(x1=bar_index, y1=low, x2=bar_index, y2=high, color=fridayColor, width=1, style=line.style_dotted)
Pine Script® indicator
by cobusvr100
Advanced Crypto Scalper ComboIncluded Tools (Advanced Combo): MACD with Histogram Reversal Detection – momentum shift entry Bollinger Band Squeeze Breakout – pre-breakout warning ATR-Based Dynamic TP/SL – for volatility-based risk RSI/MACD Divergence Detection – reversal confirmation Order Block / Supply & Demand Zones – smart money zones Features You’ll See on Chart: Bollinger Bands and Squeeze background MACD Cross signals with histogram confirmation Bullish/Bearish RSI divergence detection Dynamic Take-Profit / Stop-Loss using ATR Visual markers for simple demand/supply zones
Pine Script® indicator
by mkukulski2277c
Key Levels (4H and Daily)Key Levels (4H and Daily) This indicator highlights important key price levels derived from the 4-hour (4H) and daily (D) timeframes, providing traders with critical support and resistance areas. The levels are calculated using the highest highs and lowest lows over a customizable lookback period, offering a dynamic view of significant price points that could influence market movement. Key Features: Key Levels for 4H and Daily Timeframes: The indicator calculates and displays the highest high and lowest low over a user-defined period for both the 4-hour and daily timeframes. This helps traders identify key support and resistance levels that could dictate the market's behavior. Customizable Lookback Period: Traders can adjust the lookback period (in days) for both the 4-hour and daily timeframes to reflect different market conditions. This flexibility ensures the levels are tailored to your preferred trading style and market conditions. Horizontal Lines: The indicator plots horizontal lines at the high and low levels for both timeframes. These levels serve as dynamic support and resistance areas and help traders monitor price action near these critical points. Real-Time Updates: The lines adjust automatically with each new bar, providing up-to-date key levels based on the most recent price action and trading session. Alert Conditions: Alerts are built-in to notify traders when the price breaks above or below these key levels. Traders can set up notifications to stay informed when significant market moves occur. How to Use: Support and Resistance: Use the levels as potential support and resistance areas where price could reverse. Price often reacts at these levels, providing potential trading opportunities. Breakouts: Pay attention to breakouts above the high or below the low of these levels. A break above the 4H or daily high could indicate bullish momentum, while a break below could signal bearish trends. Trend Confirmation: Combine these levels with other technical analysis tools to confirm the overall market trend and enhance your trading strategy. Perfect for: Day Traders: Use the 4-hour levels for intraday trading setups, such as potential reversals or breakouts. Swing Traders: The daily levels provide longer-term insights, helping to identify key zones where price might pause, reverse, or break out. Market Context: Ideal for those who want to contextualize their trades within broader timeframes, helping to understand the market’s structure at multiple time scales. This description conveys the utility and functionality of the indicator, focusing on how it helps traders identify and monitor key levels that influence market action.
Pine Script® indicator
by frazerlittle
RSI Divergence Strategy - AliferCryptoStrategy Overview The RSI Divergence Strategy is designed to identify potential reversals by detecting regular bullish and bearish divergences between price action and the Relative Strength Index (RSI). It automatically enters positions when a divergence is confirmed and manages risk with configurable stop-loss and take-profit levels. Key Features Automatic Divergence Detection: Scans for RSI pivot lows/highs vs. price pivots using user-defined lookback windows and bar ranges. Dual SL/TP Methods: - Swing-based: Stops placed a configurable percentage beyond the most recent swing high/low. - ATR-based: Stops placed at a multiple of Average True Range, with a separate risk/reward multiplier. Long and Short Entries: Buys on bullish divergences; sells short on bearish divergences. Fully Customizable: Input groups for RSI, divergence, swing, ATR, and general SL/TP settings. Visual Plotting: Marks divergences on chart and plots stop-loss (red) and take-profit (green) lines for active trades. Alerts: Built-in alert conditions for both bullish and bearish RSI divergences. Detailed Logic RSI Calculation: Computes RSI of chosen source over a specified period. Pivot Detection: - Identifies RSI pivot lows/highs by scanning a lookback window to the left and right. - Uses ta.barssince to ensure pivots are separated by a minimum/maximum number of bars. Divergence Confirmation: - Bullish: Price makes a lower low while RSI makes a higher low. - Bearish: Price makes a higher high while RSI makes a lower high. Entry: - Opens a Long position when bullish divergence is true. - Opens a Short position when bearish divergence is true. Stop-Loss & Take-Profit: - Swing Method: Computes the recent swing high/low then adjusts by a percentage margin. - ATR Method: Uses the current ATR × multiplier applied to the entry price. - Take-Profit: Calculated as entry price ± (risk × R/R ratio). Exit Orders: Uses strategy.exit to place bracket orders (stop + limit) for both long and short positions. Inputs and Configuration RSI Settings: Length & price source for the RSI. Divergence Settings: Pivot lookback parameters and valid bar ranges. SL/TP Settings: Choice between Swing or ATR method. Swing Settings: Swing lookback length, margin (%), and risk/reward ratio. ATR Settings: ATR length, stop multiplier, and risk/reward ratio. Usage Notes Adjust the Pivot Lookback and Range values to suit the volatility and timeframe of your market. Use higher ATR multipliers for wider stops in choppy conditions, or tighten swing margins in trending markets. Backtest different R/R ratios to find the balance between win rate and reward. Disclaimer This script is for educational purposes only and does not constitute financial advice. Trading carries significant risk and you may lose more than your initial investment. Always conduct your own research and consider consulting a professional before making any trading decisions.
Pine Script® strategy
by AliferCrypto
PRO SMC Full Suite BY Mashrur“PRO SMC Full Suite BY Mashrur” A Pine Script (v5) indicator for TradingView, focused on Smart Money Concepts (SMC). It overlays on price charts and provides visual tools for identifying key institutional trading behaviors. 🎯 Purpose This script is designed to help traders analyze and trade using SMC principles by automatically detecting: Order Blocks (OBs) Fair Value Gaps (FVGs) Breaks of Structure (BoS) Liquidity Sweeps (Buy/Sell Side Liquidity Grabs) Mitigation Entries ⚙️ Inputs / Settings Show Fair Value Gaps: Toggle FVGs on/off Higher Timeframe (HTF): Choose HTF for OB analysis Use HTF OBs: Switch between current TF OBs and HTF OBs Show Order Blocks: Toggle OBs on/off Show OB Mitigation Entries: Toggle mitigation entry signals on/off 🧠 Core Logic Overview 🔹 1. Swing Points Detection Identifies swing highs/lows using a 3-bar pattern (pivot-based structure). 🔹 2. Break of Structure (BoS) A bullish BoS happens when price closes above the last swing high. A bearish BoS occurs when price closes below the last swing low. 🔹 3. Order Block Detection Upon BoS, the script marks the previous candle as the Order Block. Uses either: Current TF OBs (based on price action) HTF OBs (based on candle body direction) 🔹 4. Mitigation Entry Logic A mitigation occurs when price returns to the OB and reacts with confirmation: Bullish: price dips into OB and closes above Bearish: price wicks into OB and closes below Plots entry markers for these mitigations. 🔹 5. Liquidity Sweeps Detects equal highs/lows (liquidity zones) Marks Buy SL when price dips below an equal low then closes above Marks Sell SL when price breaks above an equal high then closes below 🔹 6. Fair Value Gaps (FVGs) FVG Up: Gap between candle 3 and candle 1 (low > high ) FVG Down: Gap between candle 3 and candle 1 (high < low ) Plots highlighted boxes on these gaps 📊 Visual Elements Boxes: For OB zones and FVGs Shapes: Labels: OB Buy/Sell entries Triangles: Buy SL / Sell SL liquidity sweeps Lines: Equal Highs and Lows 🔔 Alerts Built-in alerts to notify when: OB entries are confirmed Liquidity sweeps happen Helps in automation or active monitoring ✅ Ideal For Traders using SMC, ICT concepts, Wyckoff, or institutional trading models Anyone wanting to automate detection of structural elements on their chart
Pine Script® indicator
by syedachy
Umair Volume-Based Buy/Sell SignalsA volume-based indicator is a technical analysis tool that utilizes trading volume data to assess market activity and predict potential price movements. By analyzing the number of shares or contracts traded over a specific period, these indicators help confirm trends, identify reversals, or spot divergence between volume and price. Examples include On-Balance Volume (OBV), Volume Weighted Average Price (VWAP), and Chaikin Money Flow. They provide insights into market strength, liquidity, and investor sentiment, aiding traders in validating whether price changes are supported by market participation or likely to reverse. High volume often reinforces trend legitimacy, while low volume may signal weak momentum.
Pine Script® indicator
by dodgeyouself
PRO SMC Full Suite BY Mashrur“PRO SMC Full Suite BY Mashrur” A Pine Script (v5) indicator for TradingView, focused on Smart Money Concepts (SMC). It overlays on price charts and provides visual tools for identifying key institutional trading behaviors. 🎯 Purpose This script is designed to help traders analyze and trade using SMC principles by automatically detecting: Order Blocks (OBs) Fair Value Gaps (FVGs) Breaks of Structure (BoS) Liquidity Sweeps (Buy/Sell Side Liquidity Grabs) Mitigation Entries ⚙️ Inputs / Settings Show Fair Value Gaps: Toggle FVGs on/off Higher Timeframe (HTF): Choose HTF for OB analysis Use HTF OBs: Switch between current TF OBs and HTF OBs Show Order Blocks: Toggle OBs on/off Show OB Mitigation Entries: Toggle mitigation entry signals on/off 🧠 Core Logic Overview 🔹 1. Swing Points Detection Identifies swing highs/lows using a 3-bar pattern (pivot-based structure). 🔹 2. Break of Structure (BoS) A bullish BoS happens when price closes above the last swing high. A bearish BoS occurs when price closes below the last swing low. 🔹 3. Order Block Detection Upon BoS, the script marks the previous candle as the Order Block. Uses either: Current TF OBs (based on price action) HTF OBs (based on candle body direction) 🔹 4. Mitigation Entry Logic A mitigation occurs when price returns to the OB and reacts with confirmation: Bullish: price dips into OB and closes above Bearish: price wicks into OB and closes below Plots entry markers for these mitigations. 🔹 5. Liquidity Sweeps Detects equal highs/lows (liquidity zones) Marks Buy SL when price dips below an equal low then closes above Marks Sell SL when price breaks above an equal high then closes below 🔹 6. Fair Value Gaps (FVGs) FVG Up: Gap between candle 3 and candle 1 (low > high ) FVG Down: Gap between candle 3 and candle 1 (high < low ) Plots highlighted boxes on these gaps 📊 Visual Elements Boxes: For OB zones and FVGs Shapes: Labels: OB Buy/Sell entries Triangles: Buy SL / Sell SL liquidity sweeps Lines: Equal Highs and Lows 🔔 Alerts Built-in alerts to notify when: OB entries are confirmed Liquidity sweeps happen Helps in automation or active monitoring ✅ Ideal For Traders using SMC, ICT concepts, Wyckoff, or institutional trading models Anyone wanting to automate detection of structural elements on their chart
Pine Script® indicator
by syedachy
1
Market Pulse TableMarket Pulse Table — Multi-Asset Momentum Dashboard This indicator creates a customizable dashboard that monitors key market assets and their momentum using MACD and RSI signals. It's designed to give a quick pulse of market sentiment and trend strength in one glance. 📊 What it shows: % Daily Change of selected symbols (e.g., VIX, ES1!, NQ1!, YM1!, RTY1!, DXY) MACD Signal: Buy / Sell / Neutral, based on your selected timeframe RSI Value: Color-coded by strength and potential overbought/oversold conditions ⚙️ How to use: Select the assets you want to track in the settings. Choose your preferred timeframes for MACD and RSI. The table updates in real time with: Price % change (colored by intensity) MACD signal direction RSI value (green/red for oversold/overbought) 📍 Table placement: You can position the table anywhere on your chart (top, middle, bottom — left, center, or right).
Pine Script® indicator
by EduWarlock