Get started

Candlestick analysis

Short Selling DetectionExplanation of Candlestick Patterns: Bearish Engulfing: The previous candle is bullish (close > open), and the current candle is bearish (close < open). The current candle's open is higher than the previous candle's close, and the current candle's close is lower than the previous candle's open. Shooting Star: The current candle is bearish (close < open). The difference between the high and close is more than twice the difference between the open and close, and the close is above the low. Dark Cloud Cover: The current candle is bearish (close < open). The close is below half the previous candle's body (open - (high - low) * 0.5). The Shooting Star and Dark Cloud Cover patterns were manually defined as well. You can set alerts based on the "Short Selling Signal" condition, which will notify you of potential short-selling opportunities.
Pine Script® indicator
by fourballast
RSI MA Crossover + SAR + VOLUME🧠 RSI MA Crossover + SAR + VOLUME — Smart Signal Suite This script generates precise buy and sell signals based on a combination of: ✅ RSI crossover with its own moving average ✅ Parabolic SAR trend reversals ✅ Optional volume validation (vs average or previous candles) ✅ Optional candle body confirmation ✅ Directional RSI filters with adjustable limits ✅ Smart signal delay to avoid repetition ✅ ✅ Advanced trigger logic: Let SAR reversal act as a signal if RSI crossed recently All filters and conditions are customizable, giving you full control over signal precision and behavior. 🔧 Ideal for scalpers, swing traders, and strategy testers looking for smart logic and advanced filtering. Let me know if you'd like a Spanish version as well or a shorter version for socials!
Pine Script® indicator
by iaorozco
1
sideways market for strangle📌 Description of "Sideways Market for Strangle" Script** This **Pine Script** is designed to identify a **sideways market**, which is ideal for **option strangle strategies**. The script plots a **green signal** below the price chart when the market is in a low-volatility, non-trending phase. --- 🔹 How It Works** 1️⃣ **RSI Condition (Measures Market Momentum)** - The script uses a **Relative Strength Index (RSI) with a length of 11**. - If **RSI is between 40 and 60**, the market is neither overbought nor oversold, indicating a range-bound or sideways trend. 2️⃣ **ADX Condition (Checks Trend Strength)** - The **Average Directional Index (ADX)** is used to measure trend strength. - If **ADX is below 25**, it confirms a weak trend. - Additionally, ADX must be **lower than both DI+ and DI-**, ensuring that there’s no strong bullish or bearish momentum. 3️⃣ **Signal Plotting** - When both conditions are met (RSI between 40-60 and ADX < 25 with ADX < DI+ & DI-), a **green shape appears below the price chart**. - This signal suggests that the market is in a **sideways phase**, making it suitable for **strangle or non-directional option strategies**. --- 🔹 Why Use This for a Strangle Strategy?** - **Strangles perform best in a sideways market** where implied volatility is low. - This indicator helps traders avoid **trending markets**, reducing risk. - **Simple visualization** makes it easy to identify low-movement zones at a glance. --- 🔹 How to Use in TradingView** 1. **Add this script** as a custom indicator. 2. **Look for green signals** appearing below candles. 3. When the signal appears, consider setting up a **strangle options strategy**. 4. Avoid trading when the market shows **strong trends** (RSI out of range or ADX above 25). --- 🚀 Summary** ✅ **Detects sideways markets for strangle strategies** ✅ **Uses RSI (11) & ADX (14) for confirmation** ✅ **Filters out trending conditions** ✅ **Easy-to-use signal for option traders**
Pine Script® indicator
by jaydipali622018
RSI + SAR + VOLUMEThis script is a clean and professional signal generator that combines multiple technical factors to identify high-probability entries. 🔹 Buy/Sell signals are triggered when all of the following conditions are met: • RSI is rebounding from a configurable zone (default: 40–60) • Parabolic SAR confirms trend direction • Candle body is strong (closing above/below 50% of its range) • Volume is above its 20-period average (optional) • Volume is higher than the previous N candles (optional, default: 1) • Signals are rate-limited to avoid repetition within the next N candles (default: 7) 🎛️ All key settings are customizable through the script's input panel. 🚫 No repainting. No lagging oscillators. Only fresh conditions based on current price action. Ideal for scalping, swing trading, and as a confirmation layer within larger systems. ✅ Clean chart. ✅ Alert-ready. ✅ Code optimized for TradingView Pine Script v6. — Developed with precision and purpose by Israel Orozco 📈 Focused on clean, reliable and actionable signals 💡 For feedback, improvements, or collaboration, feel free to reach out! 🧠 “Trade logic, not emotion.”
Pine Script® indicator
by iaorozco
1
Shaved Candle IdentifierThis script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle. Shaved candles represent major liquidity zones, and tend to get swept in the future. Shaved candles are useful for spotting reversals and as price targets. Green is when open = low Red is when open = high Blue is when close = high Orange is when close = low There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.
Pine Script® indicator
by btcmaxlev
Sentiment OscillatorIn the complex world of trading, understanding market sentiment can be like reading the emotional pulse of financial markets. Our Sentiment Oscillator is designed to be your personal market mood translator, helping you navigate through the noise of price movements and market fluctuations. Imagine having a sophisticated tool that goes beyond traditional price charts, diving deep into the underlying dynamics of market behavior. This indicator doesn't just show you numbers – it tells you a story about market sentiment, combining multiple financial signals to give you a comprehensive view of potential market directions. The Sentiment Oscillator acts like a sophisticated emotional barometer for stocks, cryptocurrencies, or any tradable asset. It analyzes price changes, market volatility, trading volume, and long-term trends to generate a unique sentiment score. This score ranges from highly bullish to deeply bearish, providing traders with an intuitive visual representation of market mood. Green zones indicate positive market sentiment, suggesting potential buying opportunities. Red zones signal caution, hinting at possible downward trends. The oscillator's gray neutral zone helps you identify periods of market uncertainty, allowing for more calculated trading decisions. What sets this indicator apart is its ability to blend multiple market factors into a single, easy-to-understand indicator. It's not just about current price – it's about understanding the deeper currents moving beneath the surface of market prices. Traders can use this oscillator to: - Identify potential trend reversals - Understand market sentiment beyond price movement - Spot periods of market strength or weakness - Complement other technical analysis tools Whether you're a day trader, swing trader, or long-term investor, the Sentiment Oscillator provides an additional layer of insight to support your trading strategy. Remember, no indicator is a crystal ball, but this tool can help you make more informed decisions in the dynamic world of trading.
Pine Script® indicator
by balaiwarsatyam
Reversal & Breakout Strategy with ORB### Reversal & Breakout Strategy with ORB This strategy combines three distinct trading approaches—reversals, trend breakouts, and opening range breakouts (ORB)—into a single, cohesive system. The goal is to capture high-probability setups across different market conditions, leveraging a mashup of technical indicators for confirmation and risk management. Below, I’ll explain why this combination works, how the components interact, and how to use it effectively. #### Why the Mashup? - **Reversals**: Identifies overextended moves using RSI (overbought/oversold) and SMA50 crosses, filtered by VWAP and SMA200 trend direction. This targets mean-reversion opportunities in trending markets. - **Breakouts**: Uses EMA9/EMA20 crossovers with VWAP and SMA200 confirmation to catch momentum-driven trend continuations. - **Opening Range Breakout (ORB)**: Detects early momentum by breaking the high/low of a user-defined opening range (default: 15 bars) with volume confirmation. This adds a time-based edge, ideal for intraday trading. The synergy comes from blending these methods: reversals catch pullbacks, breakouts ride trends, and ORB exploits early volatility—all filtered by trend (SMA200) and anchored by VWAP for context. #### How It Works 1. **Indicators**: - **EMA9/EMA20**: Fast-moving averages for breakout signals. - **SMA50**: Medium-term trend filter for reversals. - **SMA200**: Long-term trend direction to align trades. - **RSI (14)**: Measures overbought (>70) or oversold (<30) conditions. - **VWAP**: Acts as a dynamic support/resistance level. - **ATR (14)**: Sets stop-loss distance (default: 1.5x ATR). - **Volume**: Confirms ORB breakouts (1.5x average volume of opening range). 2. **Entry Conditions**: - **Long**: Triggers on reversal (SMA50 cross + RSI < 30 + below VWAP + uptrend), breakout (EMA9 > EMA20 + above VWAP + uptrend), or ORB (break above opening range high + volume). - **Short**: Triggers on reversal (SMA50 cross + RSI > 70 + above VWAP + downtrend), breakout (EMA9 < EMA20 + below VWAP + downtrend), or ORB (break below opening range low + volume). 3. **Risk Management**: - Risks 5% of equity per trade (based on the initial capital set in the strategy tester). - Stop-loss: Based on lowest low/highest high over 7 bars ± 1.5x ATR. - Targets: Two exits at 1:1 and 1:2 risk:reward (50% of position at each). - Break-even: Stop moves to entry price after the first target is hit. 4. **Backtesting Settings**: - Commission: Hardcoded at 0.1% per trade (realistic for most brokers). - Slippage: Hardcoded at 2 ticks (realistic for most markets). - Tested on datasets yielding 100+ trades (e.g., 2-min or 5-min charts over months). #### How to Use It - **Timeframe**: Works best on intraday (2-min, 5-min) or daily charts. Adjust `Opening Range Bars` (e.g., 15 bars = 30 min on 2-min chart) for your timeframe. - **Settings**: - Set your initial equity in the TradingView strategy tester’s "Properties" tab under "Initial Capital" (e.g., $10,000). The script automatically risks 5% of this equity per trade. - Adjust `Stop Loss ATR Multiplier` or `Risk:Reward Targets` based on your risk tolerance. - Note that commission (0.1%) and slippage (2 ticks) are fixed in the script for backtesting consistency. - **Execution**: Enter on signal, monitor plotted stop (red) and targets (green/blue). The strategy supports pyramiding (up to 2 positions) for scaling into trends. #### Backtesting Notes Results are realistic with commission (0.1%) and slippage (2 ticks) included. For a sufficient sample, test on volatile instruments (e.g., stocks, forex) over 3-6 months on lower timeframes. The default 1.5x ATR stop may seem wide, but it’s justified to avoid premature exits in volatile markets—feel free to tweak it with justification. The script assumes an initial capital of $10,000 in the strategy tester for the 5% risk calculation (e.g., $500 risk per trade); adjust this in the "Properties" tab as needed. This mashup isn’t just a random mix; it’s a deliberate fusion of complementary strategies, offering traders flexibility across market phases. Questions? Let me know!
Pine Script® strategy
by Stock_Reaver
PSP - Precision CandlePSP Precision Spotting Points (PSP) Indicator The PSP Precision Spotting Points (PSP) Indicator is designed for traders seeking to identify high-probability reversal zones by detecting PSP setups with precision. PSPs are Potential Swing Points that often precede market reversals or significant price reactions. This indicator simplifies the process of spotting these opportunities by highlighting areas of interest based on market structure, correlation imbalances, and wick rejections. 📌 Key Features: PSP Detection: Accurately identifies Potential Swing Points by scanning for candle patterns that suggest a shift in momentum. Precision Entry Zones: Marks areas where price is likely to react, offering clear visual cues for optimal trade execution. Smart Filtering: Filters out low-quality signals using advanced volatility and liquidity analysis. Wick Confirmation: Validates PSP setups using wick rejections and correlation cracks, enhancing the probability of a successful trade. Customizable Alerts: Stay informed with real-time notifications when a PSP is detected. 🛠️ How It Works: Candle Analysis: Scans for specific price action patterns where candle body-to-wick ratios and volatility suggest a Potential Swing Point. Correlation Cracks: Detects discrepancies between correlated instruments, adding confluence to PSP setups. POI Alignment: Highlights areas near Points of Interest (POIs) like Fair Value Gaps (FVGs), previous highs/lows, and session kill zones. Rejection Confirmation: Ensures PSPs are validated through wick-based rejection patterns, minimizing false signals.
Pine Script® indicator
by Real_Morpheus
SMA7 Tail Reversal📌 Description: The SMA7 Tail Reversal indicator is designed to identify potential counter-trend trading opportunities by checking if candle wicks (tails) respect a key moving average level (SMA7). This indicator highlights price action where candles are clearly separated from the moving average, suggesting a possible reversal or temporary correction. 📌 How It Works: Moving Average Calculation: Calculates a simple moving average (SMA) of length 7 to act as the primary trend filter. Candle Classification: Bullish Candle: A candle where the closing price is higher than the opening price, with a short upper wick. Bearish Candle: A candle where the closing price is lower than the opening price, with a short lower wick. Conditions for Coloring Candles: Long Condition (Green Candle): High & Low are both below the SMA7 line. Volume is above the 20-period average. A bullish candle is detected. Short Condition (Red Candle): High & Low are both above the SMA7 line. Volume is above the 20-period average. A bearish candle is detected. 📌 Visual Representation: Green Candles: Potential long signals when price action stays below the SMA7 line. Red Candles: Potential short signals when price action stays above the SMA7 line. Yellow Line: SMA7, used as the dynamic threshold for signal generation. 📌 Usage: Best applied to volatile markets with clear trends. Effective in detecting counter-trend opportunities where price diverges from the SMA7 line. Works well with additional confirmation tools for better accuracy.
Pine Script® indicator
by rikyu04
1
NakInvest - Inside Bar no Eden dos Traders (Stormer)📌 NakInvest - Inside Bar Detector (Éden dos Traders Enhanced Detection) This indicator is designed to identify Inside Bars that occur during strong trending conditions, following the popular Éden dos Traders strategy by Stormer, famous brazilian trader. It uses the relationship between two EMAs (Short EMA & Long EMA) to determine whether the market is in a bullish or bearish trend, and highlights Inside Bars that meet specific criteria. ⸻ 🔍 What This Indicator Does: 1. EMA-Based Trend Detection: • Identifies Uptrends when the Short EMA is above the Long EMA. • Identifies Downtrends when the Short EMA is below the Long EMA. 2. Inside Bar Detection: • An Inside Bar is detected when the entire candle (body & wicks) is contained within the body of the previous candle. • This pattern suggests consolidation and potential breakouts, especially when found within a strong trend. 3. Debug Mode for Transparency: • When enabled, provides visual markers to indicate when the conditions for trend detection and Inside Bars are met. • Helps traders understand why certain candles are detected and others are not. ⸻ 📈 How to Use: • Apply this indicator to any market and timeframe, but it’s most effective on higher timeframes (H1, H4, Daily). • Ideal for traders looking for trend-continuation setups or reversal signals after periods of consolidation. • Combine this indicator with other tools (e.g., Volume Analysis, Price Action Patterns) for greater accuracy. ⸻ ⚙️ Indicator Settings: 1. Short EMA Length: The period for the fast-moving average (default: 8). 2. Long EMA Length: The period for the slow-moving average (default: 80). 3. Enable Debug Mode: Toggle visibility of debug markers to better understand condition logic. ⸻ 📢 Alerts: This script includes labels for: • IB (Up): Inside Bar detected during an uptrend. • IB (Down): Inside Bar detected during a downtrend. ⸻ 📌 Disclaimer: This indicator is intended for educational purposes only and is not financial advice. Always perform your own research and consult with a financial professional before making any trading decisions.
Pine Script® indicator
by feliperazeek