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Candlestick analysis

Basic Price Action IndicatorKey Features: Support and Resistance: Identifies support and resistance levels based on the highest and lowest values of the last 20 bars (you can adjust the lookback period with the input). Bullish Engulfing Pattern: Recognizes when a bullish engulfing candlestick pattern occurs and marks it below the bar. Bearish Engulfing Pattern: Recognizes when a bearish engulfing candlestick pattern occurs and marks it above the bar. Background Coloring: Highlights the chart background with a green or red color based on the pattern detected, providing an easy visual cue. How to Use: Support and Resistance levels will be plotted on the chart as green and red lines. Bullish Engulfing patterns will be marked below the bars with a “BUY” label. Bearish Engulfing patterns will be marked above the bars with a “SELL” label. The background color will change based on the detected price action pattern (green for bullish, red for bearish).
Pine Script™ indicator
by Mussil
Wickless Candle Indicator with Extended Lines (final)This Pine Script indicator identifies “wickless” candles—those with no upper wick (when the close equals the high) or no lower wick (when the open equals the low)—and marks these events on the chart. When such a candle is detected, it: Records the Level and Bar Index: Saves the price level (high for wickless tops, low for wickless bottoms) and the bar index where the condition occurred. Draws an Extended Horizontal Line: Creates a green horizontal line for a wickless top or a red line for a wickless bottom, starting at the detection bar and extending across subsequent bars as long as the price remains below (for tops) or above (for bottoms) the recorded level. Resets When the Price Breaks the Level: If a future bar’s price moves beyond the saved level (i.e., a high above a wickless top or a low below a wickless bottom), the indicator resets that level, ending the extension of the line. Visual Markers: Additionally, it plots a small triangle above a wickless top and below a wickless bottom for easy identification on the chart. Overall, this script helps traders visualize potential support or resistance levels created by candles that close at their highs or open at their lows, with lines that dynamically adjust as price evolves.
Pine Script™ indicator
by defdealr
Price Action: Engulfing PatternsBullish Engulfing Pattern Detection: A bullish engulfing pattern is identified when the previous candle is bearish (close < open ), the current candle is bullish (close > open), and the current candle's body engulfs the previous candle's body (close >= open and open <= close ). Bearish Engulfing Pattern Detection: A bearish engulfing pattern is identified when the previous candle is bullish (close > open ), the current candle is bearish (close < open), and the current candle's body engulfs the previous candle's body (open >= close and close <= open ). Plotting the Patterns: The plotshape function is used to mark the detected patterns on the chart. Bullish engulfing patterns are marked below the bar with a green upward label, while bearish engulfing patterns are marked above the bar with a red downward label.
Pine Script™ indicator
by Jay9286
Hanzo_Wave_Price %Hanzo_Wave_Price % is a custom indicator for the TradingView platform that combines RSI (Relative Strength Index) and Stochastic RSI while also displaying the percentage price change over a specified period. This indicator helps traders identify overbought and oversold conditions, analyze price waves, and forecast potential market movements. How It Works 1. RSI and Stochastic RSI Calculation RSI is calculated based on the selected price source (default: close) with a user-defined Main Line period. Stochastic RSI is then applied and smoothed using a moving average. The Main Line represents the smoothed Stochastic RSI, serving as a wave indicator to help identify potential entry and exit points. 2. Overbought and Oversold Zones The 70 and 30 levels indicate overbought and oversold zones, displayed as dashed lines on the chart. Additional 20% and 10% levels provide a visual reference for historical price changes, aiding in future predictions. 3. Percentage Price Change Calculation The indicator calculates the percentage price change over a Barsback period (default: 30 candles). Users can choose a multiplier (100 or 1000) for better visualization (1000 scales the values by dividing by 10). The data is displayed as a colored area: Red (Short) → Negative price change. Green (Buy) → Positive price change. Settings & Parameters Multiplier 💪 – Selects the scaling factor (100 or 1000) for percentage values. Main Line ✈️ – Stochastic smoothing period (smoothK). Don't touch ✋ – Reserved value (do not modify). RSI 🔴 – RSI calculation period. Stochastic 🔵 – Stochastic RSI calculation period. Source ⚠️ – Price source for calculations (default: close). Price changes % 🔼🔽 – Enables percentage price change display. Barsback ↩️ – Number of candles used to calculate price change. Visual Representation Gray Line (Takeprofit Line 🎯) – Smoothed Stochastic RSI. Red Dashed Line (70) – Overbought zone. Blue Dashed Line (30) – Oversold zone. Percentage Price Change Display: Green Fill → Price increase. Red Fill → Price decrease. Advantages ✅ Combined Analysis – Uses RSI and Stochastic RSI for more accurate market condition identification. ✅ Flexibility – Customizable parameters allow adaptation for different markets and strategies. ✅ Visual Clarity – Clearly defined zones and dynamic percentage change display. ✅ Additional Market Insights – The percentage price change helps assess market volatility. Disadvantages ⚠ Lagging Signals – Smoothing may cause delayed response. ⚠ False Breakouts – The 70/30 levels may not always work effectively for all assets. ⚠ IMPORTANT! This indicator is for informational and educational purposes only. Past performance does not guarantee future profits! Use it in combination with other technical analysis tools. 🚀 Example 1: Identifying a Long Position 📌 Scenario: The asset price has dropped significantly (1-hour timeframe), and the Main Line (gray line) crosses below the 30 level. This signals oversold conditions, which may indicate a potential reversal or upward correction. ✅ How to Use: 1️⃣ Identifying the Entry Zone: If the Main Line is below 30, consider looking for a long entry point. 2️⃣ Confirming the Signal: Place a vertical line at the moment when the Main Line crosses the 30 level from below. 3️⃣ Confirmation on a Lower Timeframe: Switch to a 30-minute timeframe and wait for the Main Line to cross above the 70 level. Enter a long position at this point. 4️⃣ Analyzing Percentage Price Change: Check the historical indicator behavior: If a similar past movement resulted in a ~10% price increase (green fill), this may indicate potential upward momentum. 5️⃣ Setting Take-Profit: Set a take-profit level at 10%, based on previous price movements. Also, monitor when the Main Line crosses the 70 level, as this may signal a potential profit-taking point. 📊 Conclusion: This method helps to precisely determine entry points by confirming signals across multiple timeframes and analyzing the historical volatility of the asset. 🚀 Example 2: Analyzing Percentage Price Change 📌 Scenario: You have set the Barsback parameter to 30, and the indicator shows +3.5%. This means that over the last 30 candles, the price has increased by 3.5%. However, such small changes might be visually difficult to notice. To improve visibility, you can enable the multiplier (1000), which will scale the displayed percentage change to 35%. This is purely for visual convenience—the actual price movement remains 3.5%. ✅ How to Use: 1️⃣ Identifying Trend Direction: If the percentage change is positive (green area) → Uptrend. If the percentage change is negative (red area) → Downtrend. 2️⃣ Analyzing Movement Strength: Compare the current percentage change with previous waves to evaluate the strength of the movement. For example: If previous waves reached 10% or more, a current wave of 3.5% might indicate a weak trend or a local correction. 3️⃣ Additional Filtering with the Main Line (Gray Line): Use the Main Line to confirm the trend. If the percentage change shows an increase, but the Main Line is still below 30, further upward movement can be expected. If the percentage change indicates a decline, but the Main Line is above 70, there is a higher probability of a downward reversal. "It's unfortunate that TradingView restricts adding images to indicator descriptions unless you have a paid subscription. This makes it harder to share free tools effectively."
Pine Script™ indicator
by Hanzo_2302
FVG Reversal Sentinel🔵 FVG Reversal Sentinel – Multi-Timeframe Fair Value Gap Indicator The FVG Reversal Sentinel is a powerful TradingView indicator designed to help traders identify and track Fair Value Gaps (FVGs) across multiple timeframes, all within a single chart. This tool allows you to select up to five separate timeframes, ensuring you never miss key market shifts, whether you are scalping, day trading, or swing trading. You can use this indicator in any asset (Cryptos, Futures, Indices, Forex Pairs, etc.). 🔵 - Key Features - Multi-Timeframe FVG Tracking – Select and display up to five different timeframes on one chart, providing a comprehensive view of market structure. Customizable Colors – Adjust bullish and bearish FVG colors to match your chart theme for a seamless trading experience. Enhanced Market Context – Quickly identify key liquidity zones and refine your entries and exits with precision. Hide the lower timeframes FVGs to get a clear view in a custom timeframe. Show or hide mitigated FVGs to declutter the chart. FVGs boxes are going to be displayed only when the candle bar closes FVGs are going to be mitigated only when the body of the candle closes above or below the FVG area. No repainting Whether you're looking to fine-tune your entries or gain a broader market perspective, the FVG Reversal Sentinel indicator ensures you have the tools to stay ahead of price action and capitalize on market inefficiencies. 🔵 - Customization- You can change the indicator settings as you see fit to achieve the best results for your use case. TIMEFRAMES This indicator provides the ability to select up to 5 timeframes. These timeframes are based on the trader's timeframes including any custom timeframes. Select the desired timeframe from the options list. Add the label text you would like to show for the selected timeframe. Check or uncheck the box to display or hide the timeframe from your chart. FVG SETTINGS Length of boxes: allows you to select the length of the box that is going to be displayed for the FVGs. Delete boxes after fill?: allows you to show or hide mitigated FVGs on your chart. Hide FVGs lower than enabled timeframes?: allows you to show or hide lower timeframe FVGs on your chart. Example - You are in a 15 minutes timeframe chart, if you choose to hide lower timeframe FVGs you will not be able to see 5 minutes FVG defined in your Timeframes Settings, only 15 minutes or higher timeframe FVGs will be displayed on your chart. BOX VISUALS Bullish FVG box color: the color and opacity of the box for the bullish FVGs. Bearish FVG box color: the color and opacity of the box for the bearish FVGs. LABELS VISUALS Bullish FVG labels color: the color for bullish labels. Bearish FVG labels color: the color for bearish labels. Labels size: the size of the text displayed in the labels. Labels position: the position of the label inside the FVGs boxes (right, left or center). BORDER VISUALS Border width: the width of the border (the thickness). Bullish FVG border color: the color and the opacity of the bullish box border. Bearish FVG border color: the color and the opacity of the bearish box border. 🔵 - How to use the indicator - Just add the indicator in your chart and click in the settings option to customize it. Make sure you select the desired timeframes and set the colors and opacity for the FVGs boxes. This indicator can be used in many trading strategies, such as: SILVER BULLET iFVG iFVG RETEST These strategies are based on the use of FVGs, this tool can help you analyze the market and make the right decision. 🔵 - How was the indicator designed? - I have spent a lot of time testing other open source indicators from the community. All of these indicators do a great job, but they have a problem, they not only mitigate FVGs when a candle closes above or below the FVG, they also mitigate FVGs when the candle closes exactly to the tick (not above or below the FVG). This is a problem for many strategies that rely on FVGs mitigation. What makes this indicator different is that it focuses on just mitigating imbalances at the right time for these strategies. I have taken ideas and some pieces of code from many community indicator developers, such as: @twingall @tflab @marktools @nacho-fx @pmk07 ... and many other people, to whom I thank for their valuable work and have allowed me to create this tool by making modifications to their source code. 🔵 - Disclaimer - This tool is intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. It's not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on any indicator for financial decisions.
Pine Script™ indicator
by carlosrah
5
Overnight Gap FrequencyThis indicator calculates today's overnight gap (the percentage change from yesterday's close to today's open) and then scans the previous 60 daily candles to count how many times a similar or larger gap occurred. When today's gap is positive, it counts historical gap ups that were equal to or larger; when negative, it counts gap downs that were equal to or more extreme. The result is displayed as a label on the most recent bar, giving you a quick visual reference of how frequently such moves have happened in the past. Ideal for daily charts, this tool helps you contextualize today's opening gap against historical market behavior, offering insight into the relative rarity of the move.
Pine Script™ indicator
by YellowEvan
MA Cross Strategy with Confirmation買入條件： 快線從下往上穿越慢線（黃金交叉） 且連續三根K線的收盤價都在快線上方 賣出條件： 快線從上往下穿越慢線（死亡交叉） 且連續三根K線的收盤價都在快線下方 只有在快慢線間距大於1%時才會考慮交易 需要連續三天符合所有條件（包括間距要求）才會產生交易訊號 這樣可以有效避免在盤整期間產生過多的交易訊號 在發生黃金交叉後的10根K線內 只要出現連續三天符合條件（價格在快線上方且間距足夠）就可以進場 同理，在死亡交叉後的10根K線內 出現連續三天符合條件就可以平倉
Pine Script™ strategy
by f27978329
Black Red Candles/Sticks/BarsThis script is a Pine Script™ v5 indicator designed to overlay red candles with custom-colored candles that have black bodies, wicks, and borders. It works by: Checking if the current candle is "red" (i.e. when the close is lower than the open). Using the plotcandle() function to replot only those red candles. Setting the fill, wick, and border colors to black for the replotted candles. Leaving non-red candles unaltered by plotting them as na. In effect, red candles on the chart are replaced with a consistent black-colored representation, providing a unique visual style. Users may also disable the default candles for a cleaner display.
Pine Script™ indicator
by FredAstaire
Hidden Order BlockThe Hidden Order Block Indicator helps traders identify bullish and bearish order blocks that align with market structure. It highlights key price zones where institutional activity may occur, assisting traders in making informed decisions. 🔥 Key Features: ✔ Bullish & Bearish Order Blocks – Marks potential institutional trading areas ✔ Trend-Based Analysis – Works effectively when used with trend confirmation ✔ Compatible Markets – Suitable for Forex, Crypto, and Stocks ✔ Timeframe Optimization – Designed for M30 and higher timeframes ✔ Flexible Trading Styles – Can be incorporated into scalping, swing trading, and intraday strategies 🔹 Technical Note: This script is designed to enhance market structure understanding and should be used with additional confluence for better decision-making.
Pine Script™ indicator
by Crystalforex22