Daily Engulfing Pattern DetectorThis indicator identifies bullish and bearish engulfing patterns on daily timeframes.
A bullish engulfing pattern occurs when a green candle completely engulfs the previous red candle,
taking out its low and closing above both its open and close prices. This suggests a potential trend reversal from bearish to bullish.
A bearish engulfing pattern occurs when a red candle completely engulfs the previous green candle,
taking out its high and closing below both its open and close prices. This suggests a potential trend reversal from bullish to bearish.
Features:
- Works on daily timeframe by default (customizable)
- Displays visual markers: green triangles for bullish patterns, red triangles for bearish patterns
- Includes built-in alerts for both pattern types
Set up alerts by right-clicking the indicator and selecting "Create Alert"
Candlestick analysis
MB - Currency Strength ROCCurrency Strength ROC Enhanced is a technical indicator designed to measure and visualize the relative strength of different currencies in the foreign exchange market. Using a Rate of Change (ROC) approach and moving averages, this indicator provides valuable insights into the dynamics of currency strengths.
Key Features:
Relative Strength Measurement:
Calculates the strength of each currency relative to others, allowing you to identify which currencies are appreciating or depreciating.
Strength Histogram:
Presents normalized strength in a histogram format, making it easy to quickly see areas of positive (green) and negative (red) strength
Moving Averages:
Includes moving averages of normalized strength and trend, providing a clear view of the overall direction of strength over time.
Overbought and Oversold Zones:
Highlights critical levels of strength through horizontal lines, allowing traders to identify potential trend reversals.
(MA-EWMA) with ChannelsHamming Windowed Volume-Weighted Bidirectional Momentum-Adaptive Exponential Weighted Moving Average
This script is an advanced financial indicator that calculates a Hamming Windowed Volume-Weighted Bidirectional Momentum-Adaptive Exponential Weighted Moving Average (MA-EWMA). It adapts dynamically to market conditions, adjusting key parameters like lookback period, momentum length, and volatility sensitivity based on price volatility.
Key Components:
Dynamic Adjustments: The indicator adjusts its lookback and momentum length using the ATR (Average True Range), making it more responsive to volatile markets.
Volume Weighting: It incorporates volume data, weighting the moving average based on the volume activity, adding further sensitivity to price movement.
Bidirectional Momentum: It calculates upward and downward momentum separately, using these values to determine the directional weighting of the moving average.
Hamming Window: This technique smooths the price data by applying a Hamming window, which helps to reduce noise in the data and enhances the accuracy of the moving average.
Channels: Instead of plotting a single line, the script creates dynamic channels, providing more context for support and resistance levels based on the market's behavior.
The result is a highly adaptive and sophisticated moving average indicator that responds dynamically to both price momentum and volume trends.
Optimized WaveletsThe script, High-Resolution Volume-Price Pressure Indicator with Wavelets, utilizes wavelet transforms and high-resolution data to analyze market pressure based on volume and price dynamics. The approach combines volume data from smaller timeframes (1 second) with non-linear transformation techniques to generate a refined view of market conditions. Here’s a detailed breakdown of how it works:
Key Components:
Wavelet Transform:
A wavelet function is applied to the price and volume data to capture patterns over a set time period. This technique helps identify underlying structures in the data that might be missed with traditional moving averages.
High-Resolution Data:
The indicator fetches 1-second high-resolution data for price movements and volume. This allows the strategy to capture granular price and volume changes, crucial for short-term trading decisions.
Normalized Difference:
The script calculates the normalized difference in price and volume data. By comparing changes over the selected length, it standardizes these movements to help detect sudden shifts in market pressure.
Sigmoid Transformation:
After combining the price and volume wavelet data, a sigmoid function is applied to smooth out the resulting values. This non-linear transformation helps highlight significant moves while filtering out minor fluctuations.
Volume-Price Pressure:
The up and down volume differences, together with price movements, are combined to create a "Volume-Price Pressure Score." The final indicator reflects the pressure exerted on the market by both buyers and sellers.
Indicator Plot:
The final transformed score is plotted, showing how price and volume dynamics, combined through wavelet transformation, interact. The indicator can be used to identify potential market turning points or pressure buildups based on volume and price movement patterns.
This approach is well-suited for traders looking for advanced signal detection based on high-frequency data and can provide insight into areas where typical indicators may lag or overlook short-term volatility.
Merged Efficiency & Time-Based OscillatorThis indicator is a fusion of two key trading concepts: the Efficiency Ratio and the Time-to-Change RSI, designed to give a comprehensive analysis of market movement and trend sustainability.
Efficiency Ratio (ER): This part of the indicator measures how effectively the market is moving in a certain direction by comparing net price change to the total price movement over a set period. The ratio helps identify whether the market is trending smoothly or experiencing choppy, inefficient moves. A higher ratio indicates more efficient, directional movement, while a lower ratio suggests market noise or indecision.
Time-to-Change RSI: This section tracks both the duration and value of upward and downward price movements. It calculates how much time is spent in upward or downward trends (gain time vs. loss time) and the size of these price changes. The Time-to-Change RSI and the Value RSI provide insight into how long and how strongly the market has been moving in one direction, helping traders gauge potential shifts in momentum.
By merging these two indicators, the resulting oscillator offers a more dynamic signal that highlights both market efficiency and momentum. The combined output shows how efficiently the market is trending while also taking into account the time spent in these trends and the relative strength of price changes. This allows traders to detect possible trend reversals, overbought/oversold conditions, and shifts in market momentum.
The indicator plots the merged signal, as well as overbought and oversold thresholds.
Oversold and overbought levels seem to be really effective
Highest Single-Day Percentage Change (Close to Close)This Pine Script is designed to calculate and display the largest percentage change in stock price between consecutive days' closing prices. Here's a high-level breakdown of what the script does:
Daily Percentage Change Calculation:
It calculates how much the stock price changed from the previous day's close to the current day's close. The change is expressed as a percentage of the previous day's closing price.
Tracking the Highest Change:
The script keeps track of the largest percentage increase or decrease it has encountered in the dataset (from previous close to current close). It updates the value if a new day exceeds the current largest recorded percentage change.
Visual Representation:
The daily percentage changes are plotted as a line graph, allowing you to see how the stock's price fluctuates from one day to the next.
A separate line is drawn to represent the highest percentage change detected so far.
If a day's price change matches the highest recorded change, a label appears on the chart to highlight that specific point.
Dynamic Updates:
The script is dynamic, meaning it continually updates as new data comes in. So, as new days are added to the chart, the script checks if the percentage change exceeds the previously highest recorded value.
Why This Is Useful:
For traders and investors: It provides a quick way to identify which day saw the most significant price movement, helping to spot major market events or volatility.
For historical analysis: You can quickly find the most extreme single-day price swings in a stock's historical data, which might be useful for understanding past market behavior or making predictions about future moves.
[EmreKb] Combined CandlesThis script combines multiple candlestick patterns into a single, unified candle when they are of the same type (bullish or bearish). Instead of displaying every individual candle on the chart, it merges consecutive candles based on their direction to simplify the visual analysis of price movements.
What It Does:
Combines Candles: If two or more consecutive candles are bullish (close price higher than open price) or bearish (close price lower than open price), the script merges them into a single candle, adjusting the high, low, and close values accordingly.
Displays Merged Candles: The merged candles are drawn on the chart. A green bar represents a bullish period, while a red bar represents a bearish period.
How It Works:
The script tracks whether each candle is bullish or bearish.
If a candle is the same type as the previous one, it updates the combined candle (adjusting the high, low, and close values).
When the type changes (from bullish to bearish or vice versa), it finalizes the current combined candle and starts a new one.
The merged candles are displayed on the chart at the end of the data series.
Use Case:
This script simplifies price action by grouping similar candles together, making it easier to identify trends and spot periods of sustained buying or selling pressure. It can help traders focus on the overall direction of the market rather than being distracted by small fluctuations between individual candles.
Personal Nested Fractal IndicatorThis script implements a nested fractal-based indicator that identifies potential buy and sell signals by analyzing fractal patterns in price action. It calculates larger and smaller fractal highs and lows and uses these patterns to confirm entry points. When smaller fractals appear within the range of larger fractals, the script generates buy or sell signals, which are plotted on the chart as visual markers. The logic is based on detecting price turning points through fractal analysis without any further complexity or additional filters.
Gabriel's RSI ICHIMOKU CLOUDThe RSI Ichimoku Cloud combines the strengths of the Relative Strength Index (RSI) with the Ichimoku Cloud, offering a robust visualization of momentum and trend signals. This indicator helps traders identify potential trend reversals and key support/resistance levels by blending RSI with the Ichimoku Cloud components.
Key Features:
RSI Component:
Uses a customizable RSI length (default: 21) to detect overbought and oversold conditions.
Upper and Lower Bands (70 and 30) are plotted as dashed lines, highlighting critical zones of strength and weakness.
Bullish (green) and Bearish (red) cross signals are provided when RSI crosses key levels.
Ichimoku Cloud:
Conversion Line (Tenkan Sen): A 9-period Donchian channel (default), representing short-term price movements. Plotted in blue.
Base Line (Kijun Sen): A 26-period Donchian channel (default), representing mid-term price movements. Plotted in red.
Leading Span A (Senkou Span A): The average of the Conversion Line and Base Line, projected forward (displacement: 26). Plotted in green with transparency.
Leading Span B (Senkou Span B): A 52-period Donchian channel (default), projected forward (displacement: 26). Plotted in red with transparency.
The cloud fill between Senkou Span A and B changes color based on bullish (green) or bearish (red) cloud conditions.
Candlestick Overlay:
The indicator uses RSI values to color-code candlesticks. Bullish candles (RSI > Conversion Line) are green, and bearish candles (RSI < Conversion Line) are red.
Signal Crossovers:
RSI-Based Signals: Bullish and Bearish RSI crossovers with the Base Line trigger visual markers.
Ichimoku Signals: Bullish and Bearish crossovers between the Conversion Line and Base Line provide additional trade signals.
Alerts:
Alerts are triggered based on crossovers, allowing traders to set notifications for key trend changes.
This indicator is ideal for traders looking for a powerful blend of momentum (RSI) and trend-following (Ichimoku) tools in one place, with customizable settings for precise trade entry and exit signals.
2 Bar Master Pattern Indicator ( MTF Inside Bars ) THE 2 BAR MASTER PATTERN IS A PRICE ACTION INDICATOR
It is based off of the master pattern concepts which explains the market moving through a 3 phase cycle.
Phase 1 - Contraction
Phase 2 - Expansion
Phase 3 - Trending
THESE 3 PHASES ARE HAPPENING ON EVERY TIME FRAME AND ON EVERY ASSET CLASS.
The first phase of the cycle is the contraction phase, this is where price goes
into contraction which is measure by a simultaneous lower high / higher low.
The contraction phase can be measured with many forms of contraction methods, such as 2 bar / 3 bar and multi bar contraction detection.
The 2 bar master pattern detects inside bars, based off 2 bar candle detection, when detected it will color the candle and a value line will project out of the center.
When it identifies an inside bar it will bring a line through the centre of the inside bar which is known as a value line, these are key levels that price can either find support or resistance on these levels, or a level when broken price can breakout and take off.
MTF FUNCTIONALITY
We have coded into the logic a Multi Time Frame function so that you can have it identify any inside bar on any time frame. 2 bar inside bars work best on higher time frames such as the 4hr and above therefore with the multi time frame functionality you can set it to a higher time frame of choice and be on a lower chart timeframe where you will take your entries off of.
SHORT ENTRY EXAMPLE
LONG ENTRY EXAMPLE
In the example above its set to the weekly chart as the time frame to detect the 2 bar master patterns, and the timeframe for entry is the 4hr time frame, this will change depending on your trading style and timeframes you like to trade on.
2 BAR MASTER PATTERNS CAN BE USED FOR REVERSALS AND CONTINUATION TRADING.
CONTINUATION INSIDE BAR TRADING
When you have a inside bar formed on a higher time frame, you mark the high and low of the inside bar, and depending on the direction of the trend - if on a up trend and it breaks the high of the inside bar is an long entry - and if its on a downtrend and the low of the inside bar is broken thats the set up for a short entry.
REVERSAL INSIDE BAR TRADING
When you have an inside bar forming at the bottom or top of a range or key level, this can be a sign of weakness and a potential area where price will reverse in the opposite direction.
2 BAR MASTER PATTERN INSIDE BARS EITHER SHOW STRENGHTH OR WEAKNESS OF A TREND
If combined in combination with the higher time frame trend direction and the master patten concepts principles, you can find amazing entries.
Best place to look for long entries on a confirmed uptrend is when price is under the value lines
Best place to look for short entries on a confirmed downtrend is when price is above the value lines
Once you understand that the market is moving in this 3 phase cycle and become adept and identifying the 1st phase which is the contraction phase, it can open the door to a new way of percieving the market and making sense of the seemingly randomness of how it moves.
Big Volume Highlighter ADVANCEDBIG VOLUME HIGHLIGHTER INDICATOR ADVANCED
The BIG VOLUME INDICATOR ADVANCED is an essential tool for traders who want to gain a deeper understanding of market dynamics through volume analysis. This advanced indicator highlights significant volume spikes, enabling traders to make more informed decisions based on market activity and price movements.
Key Features:
Customizable Lookback Period: Define the number of candles over which the highest volume is calculated, allowing you to adjust the analysis to fit your specific trading strategy and timeframe.
Approximate Volume Matching: Activate the approximate volume matching feature to identify candles that fall within a specified range of a target volume. This feature is particularly valuable for capturing notable volume spikes that may not match your exact input but are within an acceptable tolerance.
Flexible Volume Units: Input volumes in various units (Hundreds, Thousands, Millions, or Billions) to cater to your trading preferences. This flexibility ensures that you can analyze volume data in a way that aligns with your trading style.
Dynamic Tolerance Calculation: Set a percentage-based tolerance for volume matching, allowing for greater flexibility. For instance, if you input a volume of 600 million with a tolerance of 1.5%, the indicator will highlight candles with volumes ranging from 591 million to 609 million.
Visual Alerts: Highlighted candles are marked with clear, color-coded labels positioned above the bars. Green labels represent bullish candles, while red labels denote bearish candles, providing immediate visual feedback on market sentiment.
Mobile and Desktop Compatibility: Designed for seamless integration with TradingView, this indicator is accessible on both desktop and mobile devices, ensuring that you can monitor the market wherever you are.
How to Use:
Set the Lookback Period: Adjust the lookback period to analyze a specific number of candles for volume spikes.
Enable Approximate Volume Matching: If desired, toggle the approximate volume matching feature and enter your target volume, selecting the appropriate unit.
Adjust Tolerance: Define the tolerance percentage to specify how close the volume must be to your input for it to be considered significant.
Analyze the Chart: Observe the highlighted candles on your chart, which indicate significant volume activity based on your criteria.
Make Informed Decisions: Leverage the insights provided by the indicator to guide your trading decisions, identifying potential entry or exit points based on volume analysis.
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Time-to-Change RSIInstead of focusing on the price increase or decrease magnitude like the traditional RSI, this indicator calculates the time spent in positive (gain) and negative (loss) movements.
A gain time is counted whenever the price change is positive, and a loss time is counted whenever the price change is negative. The cumulative gain and loss time is tracked over the defined RSI period.
Smoothed Averages:
The indicator calculates the ratio between average gain time and average loss time (rs), similar to how traditional RSI uses price changes.
Using this ratio, the Time-to-Change RSI is calculated with the standard RSI formula but applied to time instead of price. The result oscillates between 0 and 100, where values above 70 indicate a market potentially overbought (spending more time rising than falling), and values below 30 indicate a market potentially oversold (spending more time falling than rising). There are also extreme zones/divergence zones.
Plotting:
The calculated Time-to-Change RSI is plotted in blue, allowing the user to visualize the time-weighted momentum of the market.
Reference lines at 70 (overbought), 30 (oversold), and 50 (neutral) are drawn for easy interpretation.
Key Features:
Time-Based Momentum Analysis: Instead of measuring how much the price changes, this indicator tracks how long the price has been moving up or down, providing a unique view of market momentum.
Visual Representation: The indicator plots the Time-to-Change RSI on a chart, along with standard overbought and oversold levels (70/30) and a neutral 50 line, making it easy to spot potential trend reversals.
Dynamic and Adaptive: By focusing on time spent in gains versus losses, this indicator adapts to different market conditions and helps traders identify periods of prolonged momentum in one direction.
This unique indicator can offer new perspectives in technical analysis by revealing trends and reversals based on the duration of price movements rather than the size of those movements. Traders looking for alternative momentum analysis tools may find the "Time-to-Change RSI" valuable for confirming market conditions or spotting trend changes.
Candle Series AnalysisThis advanced indicator is designed to analyze and predict potential market movements based on historical candle series patterns. It goes beyond simple candle-by-candle analysis by examining entire series of consecutive bullish or bearish candles, providing a more comprehensive view of market trends and potential reversals.
The indicator works by identifying the current series of candles (either bullish or bearish) and calculating its percentage change from the start to the current price. It then searches through historical data to find similar candle series patterns, comparing their characteristics to the current one. The analysis includes the series type (bullish or bearish), length (number of candles), and percentage change.
One of the key features of this indicator is its ability to adjust for varying degrees of similarity. Users can set a similarity threshold, allowing them to control how closely historical patterns must match the current one to be considered in the analysis. This flexibility enables traders to fine-tune the indicator to their specific needs and market conditions.
The indicator displays its findings in a customizable table on the chart. The table provides valuable information such as the current series type, length, and percentage change. It also shows the number of similar historical patterns found and the average price change that occurred a specified number of bars after these similar patterns.
Traders can use this information to gain insights into potential future price movements. For example, if the indicator finds that similar bullish series in the past were often followed by a continued uptrend, it might suggest a higher probability of further gains. Conversely, if bearish series typically led to reversals, it could signal a potential buying opportunity.
The script offers extensive customization options. Users can adjust the analysis period, projection length, similarity threshold, table position, text size, and color scheme. This flexibility allows traders to integrate the indicator seamlessly into their existing chart setups and trading strategies.
I personally find this indicator particularly useful for analyzing market behavior in assets that tend to exhibit trending behavior or are subject to momentum effects. It can be especially valuable in markets driven by retail sentiment, such as certain cryptocurrencies or popular stocks. In these markets, the psychology behind consecutive bullish or bearish candles can often create predictable patterns that this indicator aims to identify and quantify.
For instance, in crypto markets, a series of strong bullish candles might indicate growing enthusiasm among retail investors. The indicator can help assess whether such enthusiasm typically leads to further gains or if it often precedes a reversal. This insight can be crucial for timing entries and exits or for setting appropriate stop-loss and take-profit levels.
This indicator is provided for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any financial instrument. Past performance does not guarantee future results, and all trading carries inherent risks. Users should always conduct their own research, consider their financial situation, and consult with a qualified financial advisor before making any investment decisions. The creator of this indicator is not responsible for any losses incurred from its use. Remember that financial markets can be highly unpredictable, and no indicator can guarantee accurate predictions of future price movements.
Candle % Change StrategyThis indicator is designed to analyze the percentage change of candles and provide insights into potential future price movements based on historical patterns. It calculates the percentage change of the current candle and compares it to similar candles in the past, offering a statistical view of what typically happens after such price movements.
The strategy works by identifying candles with similar percentage changes to the current one, either bullish or bearish, and then calculating the average price change that occurred a specified number of bars after these similar candles. This information can be valuable for traders looking to understand potential market reactions following significant price movements.
The indicator displays its findings in a customizable table on the chart. The table shows the current candle's percentage change, the number of similar candles found in the historical data, and the average price change that occurred after these similar candles. Users can adjust various settings such as the number of periods to analyze, the number of forward bars to look ahead, the position and text size of the table, and color schemes.
One of the key features of this indicator is its ability to adapt to both bullish and bearish scenarios. It automatically detects whether the current candle is bullish or bearish and adjusts its analysis accordingly. This makes it versatile for different market conditions and trading strategies.
The script allows for extensive customization. Users can modify the look and feel of the indicator by adjusting colors, table position, and text size to suit their preferences and chart setup. This flexibility ensures that the indicator can be integrated seamlessly into various trading environments and styles.
Personally, I find this indicator particularly useful for analyzing market reactions following large bearish candles. It can provide valuable insights into how the market typically responds to significant downward price movements, which can be crucial for timing entries or exits in a trade.
This strategy can be especially interesting for symbols that are heavily traded by retail investors, such as certain cryptocurrencies. In these markets, emotional reactions to large price movements can sometimes create predictable patterns, which this indicator aims to identify and quantify.
This indicator is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument. Past performance does not guarantee future results, and all trading carries risk. Users should always conduct their own research and consider their financial situation before making any investment decisions. The creator of this indicator is not responsible for any losses incurred from its use.
Median Speed BarThe "Median Speed Bar" is a custom trading indicator designed to classify market candlesticks based on their volatility relative to historical price ranges. It calculates two median price ranges: a short-term median using a customizable period and a long-term median over a much larger timeframe. These medians are based on either the difference between the opening and closing prices or the high and low prices of the candlesticks, depending on user input. The percentage ratio of the short-term median to the long-term median is used to categorize the current candlestick into one of four types: EXTREME, FAST, NORMAL, or SLOW. Each category is linked to customizable thresholds, which are set by the user as percentages.
The script then displays the classification of the current bar in a table at the bottom right corner of the chart, offering an easily readable overview of current market conditions. If the bar's percentage exceeds the extreme threshold, it's classified as "EXTREME" and highlighted in red. Other categories—FAST, NORMAL, and SLOW—are visually distinguished by different colors (orange, green, and blue, respectively). This allows traders to quickly assess volatility and make informed decisions based on how the current price action compares to historical medians.
AndreundCristianIndicator Overview:
The "Trade Signals with Volume" indicator is a custom script that generates buy and sell signals based on the crossover of two moving averages (a fast one and a slow one) and adds a volume filter to validate these signals. It plots these signals directly on the chart, using arrows or labels to indicate where buy and sell signals occur.
Key Features:
Moving Averages (MA):
The indicator uses two Simple Moving Averages (SMA): a fast SMA and a slow SMA.
A buy signal is triggered when the fast MA crosses above the slow MA, signaling potential bullish momentum.
A sell signal is triggered when the fast MA crosses below the slow MA, indicating potential bearish momentum.
Volume Filter:
To ensure that signals are more reliable, the indicator only triggers a buy or sell signal if the volume is above a certain threshold. This threshold can be adjusted by the user in the input settings.
For example, if the volume exceeds 100,000 (or any set value), and a crossover occurs, the signal is validated.
Visual Representation:
Buy signals are represented with green labels or arrows below the price bars.
Sell signals are represented with red labels or arrows above the price bars.
The MAs are also plotted on the chart for visual reference.
Input Parameters:
Fast Moving Average Length: The number of periods for the fast SMA (default is 9 periods).
Slow Moving Average Length: The number of periods for the slow SMA (default is 21 periods).
Volume Threshold: The minimum volume required to validate a buy or sell signal (default is 100,000).
