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Candlestick analysis

Rubotics Supertrend Indicator1. ATR-Based Volatility Signal (ATR Volatility System) This module measures market volatility by computing the current ATR over a specified period and comparing it to a baseline ATR (calculated as an SMA of ATR over a longer lookback period) multiplied by a user-defined threshold. When volatility spikes—i.e. the current ATR exceeds the baseline by the multiplier—a bullish signal (+1) is generated if the bar is upward (close > open), and a bearish signal (–1) if downward. 2. ADX (Average Directional Index) A custom ADX calculation smooths the true range and directional movements over a defined period. The ADX component outputs +1 or –1 based on whether the smoothed ADX exceeds a threshold and which directional movement is dominant, thereby quantifying trend strength. 3. Ichimoku Cloud Signal The Ichimoku system computes the conversion line, base line, and leading spans to assess trend direction and potential support/resistance levels. A bullish signal is issued when the price is above the cloud and bearish when below. 4. MACD Signal The MACD is derived from the difference between fast and slow exponential moving averages along with a signal line. A bullish signal is triggered when the MACD line exceeds the signal line, and a bearish signal when it falls below, providing momentum confirmation. 5. Parabolic SAR Signal Utilizing a dynamic stop-and-reverse algorithm, the Parabolic SAR indicates potential reversals. A bullish signal is generated when price remains above the PSAR, and bearish when below, offering rapid feedback on trend changes. 6. Volume Breakout Signal This volume-based module calculates the average volume over a given period and flags a breakout when current volume exceeds this average by a specified multiplier. The breakout signal is directional—bullish if the bar is up and bearish if down—capturing significant market moves driven by volume surges. 7. MFI (Money Flow Index) Confirmation The MFI integrates price and volume data to gauge money flow. Readings above 50 yield a bullish signal while those below 50 produce a bearish signal, reinforcing the composite assessment of market conditions. Composite Signal & System Integration Each module outputs a discrete signal (+1, –1, or 0), and these are aggregated into a composite score. The system is fully modular—each component can be enabled or disabled, and thresholds can be set for the minimum number of signals required to trigger a buy or sell. This comprehensive fusion of volatility, trend strength, momentum, and volume factors provides a robust multi-dimensional view of market dynamics. Visualization & Engineering Advantages Additional visual elements include a SuperTrend-style trailing stoploss and a trend table that concisely presents the status of each component along with the overall composite score. The design leverages modularity and dynamic assessment techniques to deliver adaptive, responsive signals in various market conditions.
Pine Script™ indicator
by Rubotics
TMA StrategyThe **TMA Strategy** is a trend-following strategy that leverages **Smoothed Moving Averages (SMMA)** and **candlestick patterns** to identify high-probability trading opportunities. It is designed for traders who want to capture strong trends while minimizing noise from short-term fluctuations. **Key Features:** ✔ **Multiple Smoothed Moving Averages (SMMA):** Uses 21, 50, 100, and 200-period SMMAs to identify market trends and key support/resistance zones. ✔ **Candlestick Pattern Confirmation:** Incorporates **3-line strike** and **engulfing candle** patterns to confirm trade entries. ✔ **Dynamic Trend Filter:** A **2-period EMA** ensures that trades align with the dominant trend, reducing false signals. ✔ **Customizable Session Filter:** Allows users to enable/disable trading within specific market sessions (New York, London, Tokyo, etc.), ensuring trades are executed only during high-liquidity hours. ✔ **Risk Management:** Uses predefined exit conditions based on EMA/SMMA crossovers to lock in profits and minimize losses. **Trading Logic:** 📌 **Long Entry:** - Bullish Engulfing or 3-Line Strike pattern appears. - Price is above the 200 SMMA. - 2 EMA confirms an uptrend. - Trade executes if session filter allows. 📌 **Short Entry:** - Bearish Engulfing or 3-Line Strike pattern appears. - Price is below the 200 SMMA. - 2 EMA confirms a downtrend. - Trade executes if session filter allows. 📌 **Exit Conditions:** - Long trades exit when EMA(2) crosses **below** SMMA(200). - Short trades exit when EMA(2) crosses **above** SMMA(200). **Ideal Markets & Timeframes:** ✅ Best suited for **Forex, Stocks, and Crypto** markets. ✅ Works well on **higher timeframes (15m, 1H, 4H, Daily)** for stronger trend confirmation. 📢 **Disclaimer:** This strategy is for educational purposes only. Backtest results do not guarantee future performance. Always use proper risk management and test in a demo account before live trading. 🚀 **Try the TMA Strategy now and enhance your trend-following approach!**
Pine Script™ strategy
by PRIDELEGENX005
碩士幣業生 會員專屬策略 - 多方逆勢抄底使用資格：碩士幣業生旗下會員 取得資格方式：請私訊IG @master_crypto_shuo www.instagram.com 1. 標的 ：ETH 2. 時間級別 ：4 HR 3. 回測倉位參數 ：初始本金 = 1000u，資金比例 = 50%，槓桿 = x1，意即每次總艙位=500u 4. 倉位管理方式 ：單利，可自行決定投入『資金比例(保證金/初始資金)』和『槓桿』 5. 資金比例選擇 ：本金*(1-資金比例) > |MDD|，讓策略有能開最後一單打回來的機會 6. 策略失效判別 ：當最大虧損MDD創新高後，代表策略失效 7. 風險提示 ：所有Rule base的交易策略，幾乎都有失效的可能，意即走完了alpha cycle，請重新調整參數，或是暫停使用。但用單利的方式管理，有機會讓MDD發生時，整體還是賺錢的。 8. 策略邏輯介紹： 進場方式：當價格由下，上穿下軌後，且符合下軌正斜率，進場做多 出場方式-保本：當盈虧比達到1R或是碰到上軌，啟動保本 出場方式-停利：進入保本狀態後，價格收k跌破中軌，市價出場 9. 使用方式： 可當作抄底現貨的輔助工具，長期遠勝DCA。
Pine Script™ strategy
by ryan86913
1
Advanced Market Structure & Order Blocks (fadi)Advanced Market Structure & Order Blocks indicator provides a new approach to understanding price action using ICT (Inner Circle Trader) concepts related to candle blocks to analyze the market behavior and eliminate much of the noise created by the price action. This indicator is not intended to provide trade signals, it is designed to provide the traders with to support their trading strategies and add clarity where possible. There are currently three main elements to this indicator: Market Structure Order Blocks Liquidity Voids Market Structure In trading, market structure is often identified by observing higher highs and higher lows. An uptrend is characterized by a series of higher highs, where each peak surpasses the previous one, and higher lows, where each trough is higher than the preceding one. Conversely, a downtrend is marked by lower highs and lower lows. Other indicators usually determine these peaks by calculating the highest or lowest levels within a predefined number of candles. For example, identifying the highest price level within the last 15 candles and marking it as a higher high or a lower high. While this approach offers some structure to price action, it can be arbitrary and random due to price fluctuations and the lack of proper structure analysis beyond finding the highest peaks and valleys within candle ranges. In his 2022 mentorship, episode 12, ICT introduced an alternative approach focusing on three-candle pivots called Short Term High and Low (STH/STL), which are then used to calculate the Intermediate Term High and Low (ITH/ITL), and in turn, the Long Term High and Low (LTH/LTL). ICT’s approach provides better structure than the traditional method mentioned above. However, it can be confusing and difficult to track. There are great indicators that track and label ICT’s levels, but traders still find it challenging to follow and understand. The Advanced Market Structure indicator takes a unique approach by analyzing candle formations, using ICT concepts, to identify possible turning points that mimic a real trader’s analysis of price action as closely as possible. However, it should be expected that Market Makers may use market manipulation to induce traders to make failed trades, and no tooling can eliminate these situations. Advanced Market Structure tracks true Peaks and Valleys as they form, confirms them, and marks the chart with corresponding labels using traditional labeling methods (HH/HL/LH/LL), as such labeling makes it easier for traders to follow and understand. The indicator also draws levels to help identify possible liquidity areas and trade targets. The indicator uses different calculation methods for the different type of market structure length, however all calculations are based on the same ICT candle blocks concepts. Market Structure Settings Other than the display settings, there are four (4) settings, mainly under the Level Settings section. Allow Nested Candles This option is only available on the Short Market Structure due to the methods used in calculating highs and lows. When used, the indicator will attempt to detect smaller fluctuations in price by tracking smaller candle moves, if any. Level Settings Level Settings allows the trader to decide two main calculations: 1. A new pivot point will form when a candle’s is crossed by the following candle’s 2. For a liquidity sweep and marking a level as mitigated, a candle’s must cross that level Order Blocks ICT (Inner Circle Trader) defines an Order Block as the last down-closing candle, or series of candles, before a significant upward price move or the last up-closing candle, or series of candles, before a significant downward price move. These key price levels, marked by substantial buy or sell orders from institutional traders or "smart money," create a block or zone on the price chart. When the price revisits these levels, it often leads to a strong market reaction. Order Blocks can consist of one or multiple consecutive candles of the same color, signaling areas of significant buying or selling interest. ICT's approach to Order Blocks provides traders with a structured method to identify potential areas of support or resistance, where price movements are more likely to change direction. Although ICT has shared some criteria for identifying Order Blocks publicly, the full details are reserved for his upcoming books. This indicator leverages the publicly available information to provide traders with valuable insights into these crucial price levels. The Advanced Market Structure indicator is designed to be highly flexible, allowing traders to define their own combination of rules for identifying Order Blocks, thus customizing it to fit their unique trading strategies. Order Block Configuration Can be nested An Order Block is defined as the last down candle or candles before a strong move higher, and vice versa for bearish Order Blocks. However, larger-than-usual candles resulting from news events or price action may not qualify as Order Blocks and can mute any Order Block within their range. The "Can be nested" flag ensures that each Order Block is treated as an independent entity, even if it appears within the body of another Order Block. Forms at swing point Order Blocks formed at swing points typically have higher probabilities but are less frequent, assuming the same rules are applied. Additionally, Order Blocks at swing points may become Breaker and Mitigation blocks if they fail, providing more trading opportunities. Forms a simple pivot point A simple pivot point corresponds to ICT Short Term High and Low (STH/STL). Order Blocks using simple pivot points can occur in the middle of a move, not just at swing points. These are useful for identifying IOFED setups and supporting blocks that can bolster the price move. Causes Market Structure Shift Order Blocks that result in a break above or below a short swing point can help narrow down target order blocks, but they are less frequent. An Order Block causing a break above or below a pivot point does not necessarily indicate a strong Order Block. For example, an Order Block formed at a Lower Low is more likely to fail in a downtrend. A clean close above order block When the first candle breaks above an Order Block and closes above its high, this indicates a stronger Order Block. On the other hand, if a candle merely wicks through the Order Block without a solid close above it, it suggests a weaker Order Block. This may indicate hesitation or an impending reversal, as the wick represents a temporary and unsustained price movement. Has displacement more than X the body While some traders may capitalize on the initial break above an Order Block's CISD level, others prefer to focus on the return to an Order Block after displacement. Displacement is determined by the body size of the Order Block, and an Order Block cannot be tested until this level has been achieved. Has a Fair Value Gap When an Order Block is combined with a Fair Value Gap (FVG), it signifies a strong Order Block. The Fair Value Gap indicates a strong price movement away from the Order Block. Has a liquidity void A Liquidity Void occurs when two consecutive candles of the same color do not overlap, creating a gap similar to a Fair Value Gap, but involving one or more middle candles. Liquidity Voids can be utilized in combination with, or as an alternative to, the displacement setting. Maximum number of OBs The maximum number of Order Blocks to display. Mitigated at block’s An Order Block is considered mitigated when price reaches one of the main Order Block levels. Liquidity Void Liquidity Void refers to areas on a price chart where there is one-sided trading activity. This phenomenon occurs when the price of an asset moves sharply in one direction, leaving gaps where two consecutive candles of the same color do not overlap. These gaps can comprise one or more middle candles and indicates a pronounced lack of trading within that price range. Liquidity Voids are important because they highlight areas of minimal resistance, where price is more likely to return to fill the void and balance the market. Liquidity Void vs Fair Value Gap While both concepts are related to gaps in price action, they are distinct. A Fair Value Gap is a specific three-candle pattern where the middle candle creates a gap between the first and third candles. In contrast, a Liquidity Void represents a broader area on the chart where there is little to no trading activity, often encompassing multiple candles and indicating a more pronounced imbalance between buy and sell orders. A FVG can be part of a Liquidity Void, a Liquidity Void can exist without necessarily including an FVG. Both concepts highlight areas of minimal resistance and potential price movement, but they differ in their formation and implications. Advanced Market Structure and Order Blocks indicator focus on liquidity voids since a liquidity void can substitute for a FVG and it is usually less addressed by other indicators.
Pine Script™ indicator
by fadizeidan
13
MTF Zone Indicator // Multi Time Frame Zone Indicator //@version=6 indicator(title="MTF Zone Indicator", overlay=true) // === Input Settings === higherTF = input.timeframe("60", title="Higher Timeframe") middleTF = input.timeframe("15", title="Middle Timeframe") lowerTF = input.timeframe("5", title="Lower Timeframe") // === Higher Timeframe Zones === highHTF = request.security(syminfo.tickerid, higherTF, high, lookahead=barmerge.lookahead_on) lowHTF = request.security(syminfo.tickerid, higherTF, low, lookahead=barmerge.lookahead_on) plot(highHTF, color=color.red, linewidth=1, title="HTF Resistance") plot(lowHTF, color=color.green, linewidth=1, title="HTF Support") // === Middle Timeframe Zones === highMTF = request.security(syminfo.tickerid, middleTF, high, lookahead=barmerge.lookahead_on) lowMTF = request.security(syminfo.tickerid, middleTF, low, lookahead=barmerge.lookahead_on) plot(highMTF, color=color.blue, linewidth=1, title="MTF Resistance") plot(lowMTF, color=color.yellow, linewidth=1, title="MTF Support") // === Lower Timeframe Signal === emaFast = ta.ema(close, 10) emaSlow = ta.ema(close, 50) bullSignal = ta.crossover(emaFast, emaSlow) bearSignal = ta.crossunder(emaFast, emaSlow) plotshape(bullSignal, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small, title="BUY Signal") plotshape(bearSignal, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, title="SELL Signal")
Pine Script™ indicator
by Dragon117
Session BlackoutSession Blackout Indicator Keep in mind, it works once you click on it. Can't show it in the preview due to limitations. This indicator is designed to hide or obscure specific time sessions on your chart. It allows you to focus on the periods you want to analyze by covering the specified session with an overlay. You have two options: Chart Mode: Only the bars (price action) within the defined time range are covered by a blackout overlay. Candles Mode: Only the candles during that time are repainted in the overlay color, leaving the rest of the chart intact. A countdown timer is also displayed at the top right, showing how long until the session block starts or ends (in hours and minutes). This helps you know exactly when the chart data will be hidden or revealed. How to Use: Set the Session: Enter the time range you want to hide (e.g. "0930-1600"). Choose the Hide Mode: Select "Session" to cover the entire price range of the bars or "Candles" to overlay just the candles. Customize Colors: Adjust the overlay color (default is black) and the countdown text color. Monitor the Countdown: Use the timer to see the remaining time until the session block is applied or lifted. Apply to Chart: Add the indicator to your chart to automatically hide the specified session as configured. This tool is especially helpful for traders who want to avoid distractions from certain trading periods or to focus exclusively on specific sessions.
Pine Script™ indicator
by micahlife
Candle Size Alerts (Manual size)This TradingView Pine Script (v6) is an indicator that triggers alerts based on the size of the previous candle. Here's a breakdown of how it works: 1. Indicator Definition //@version=6 indicator('Candle Size Alerts (Manual size)', overlay = true) The script is written in Pine Script v6. indicator('Candle Size Alerts (Manual size)', overlay = true): Defines the indicator name as "Candle Size Alerts (Manual size)". overlay = true means it runs directly on the price chart (not as a separate panel). 2. Calculate the Previous Candle's Body Size candleSize = math.abs(close - open ) close and open refer to the previous candle’s closing and opening prices. math.abs(...) ensures that the size is always a positive value, regardless of whether it's a green or red candle. 3. Define a User-Adjustable Candle Size Threshold candleThreshold = input(500, title = 'Fixed Candle Size Threshold') input(500, title = 'Fixed Candle Size Threshold'): Allows users to set a custom threshold (default is 500 points). If the previous candle's body size exceeds or equals this threshold, an alert is triggered. 4. Check if the Candle Size Meets the Condition sizeCondition = candleSize >= candleThreshold This evaluates whether the previous candle's size is greater than or equal to the threshold. If true, an alert will be generated. 5. Determine Candle Color isRedCandle = close < open isGreenCandle = close > open isRedCandle: The candle is red if the closing price is lower than the opening price. isGreenCandle: The candle is green if the closing price is higher than the opening price. 6. Generate Alerts Based on Candle Color if sizeCondition if isRedCandle alert('SHORT SIGNAL: Previous candle is RED, body size = ' + str.tostring(candleSize) + ' points (Threshold: ' + str.tostring(candleThreshold) + ')', alert.freq_once_per_bar) else if isGreenCandle alert('LONG SIGNAL: Previous candle is GREEN, body size = ' + str.tostring(candleSize) + ' points (Threshold: ' + str.tostring(candleThreshold) + ')', alert.freq_once_per_bar) If the candle size meets the threshold (sizeCondition == true): If red, a SHORT SIGNAL alert is triggered. If green, a LONG SIGNAL alert is triggered. alert.freq_once_per_bar ensures that alerts are sent only once per candle (avoiding repeated notifications). How It Works in TradingView: The script does not plot anything on the chart. It monitors the previous candle’s body size. If the size exceeds the threshold, an alert is generated. Alerts can be used to notify the trader when big candles appear. How to set Alerts in Trading View 1. Select Indicator – Ensure the indicator is added and properly configured. 2. Set Time Frame – Make sure it's appropriate for your trading strategy. 3. Open Alerts Panel – Click the "Alerts" tab or use the shortcut (Alt + A on Windows). 4. Create a New Alert – Click "+" or "Create Alert." 5. Select Condition – Pick the relevant indicator condition (e.g., "Candle Size Alerts(Manual size)"). 6. Choose Alert Function – Default is "Any Alert() Function Call". 7. Set Expiration & Name – Define how long the alert remains active. 8. Configure Notifications – Choose between pop-up, email, webhook, or app notifications. 9. Create Alert – Click "Create" to finalize. How to set the size manually: Add the "Candle Size Alerts (Manual size)" Indicator to your chart. Open Indicator Settings – Click on the indicator and go to the "Inputs" tab. Set Fixed Size Threshold – Adjust the "Fixed Size Candle Threshold" to your desired value. Click OK – This applies the changes. Reset Alerts – Delete and recreate alerts to reflect the new threshold. Happy Trading !!!!
Pine Script™ indicator
by ChiranjeeviKola
BigBarChaser v2 ES 2minBigBarChaser v2 ES 2min The BigBarChaser v2 is a straightforward, conservative breakout trading strategy designed for the E-mini S&P 500 (ES) on a 2-minute chart. It focuses on capturing momentum-based breakouts following a period of consolidation, using strict trade criteria to filter out low-probability setups. How It Works ✅ Breakout Confirmation: Trades are only taken when a bar closes with significant strength relative to its range, confirming a strong directional move. ✅ Sideways Market Filter: The strategy ensures that breakouts occur after a period of reduced volatility, avoiding false signals in choppy conditions. ✅ Trend Alignment: A combination of moving averages helps confirm overall market direction, filtering out counter-trend trades. ✅ Fixed Risk Management: The stop-loss is set at 67% of the entry point, while take-profit levels are dynamically calculated based on market volatility. ✅ Market Hours Optimization: Trades are executed only within specific trading hours to maintain efficiency and avoid illiquid periods. ✅ Position Sizing: Backtested results are based on trading 1 ES contract, ensuring realistic performance that is achievable for any trader. Performance ✅ The strategy has shown consistently positive results in backtesting, demonstrating strong potential in real-market conditions. ✅ Risk is managed through fixed stop-loss levels and a volatility-adjusted take-profit mechanism. ✅ The method is designed to be accessible to traders of all levels, without requiring excessive capital or complex trade management. How to Use It ✅ The script automatically executes trades based on predefined conditions—no user input is required. ✅ Signals are plotted on the chart for visual reference. ✅ All risk management settings, including stop-loss and take-profit, are fixed to ensure a structured approach. Disclaimer "This strategy is a trading tool designed for traders seeking structured breakout setups. While it follows a defined approach, trading involves risk, and there are no guarantees of profitability. Past performance does not guarantee future results. Users are responsible for their own trading decisions and should conduct thorough research before using this strategy in live markets. This is not financial advice."
Pine Script™ strategy
by bigbarchaser
1
Moving Average StrategyThe 200 EMA (Exponential Moving Average) strategy is a widely used trend-following approach in trading. It helps traders identify the overall market direction and make informed buy or sell decisions based on price action relative to the 200 EMA line. How the Strategy Works Identifying the Trend: If the price is above the 200 EMA, it indicates a bullish trend. If the price is below the 200 EMA, it indicates a bearish trend. Entry Points: Long Entry (Buy): When the price pulls back to the 200 EMA and finds support, traders look for confirmation (e.g., bullish candlestick patterns) before entering a long position. Short Entry (Sell): When the price moves up to the 200 EMA and finds resistance, traders look for confirmation (e.g., bearish candlestick patterns) before entering a short position. Exit Strategy: Traders can set stop-loss levels below recent swing lows (for long trades) or above recent swing highs (for short trades). Profit targets can be set based on previous resistance/support levels or risk-reward ratios.
Pine Script™ strategy
by elisa_eilsn2
NOMOUS/FRACTAL/VER2)노스트라다무스 프렉탈 시그널 VER.2 *****5분봉 캔들에 적용하는 지표입니다********* - 피로감 없는 단타 매매를 위한 지표입니다. - 물타기 매매가 아닌, 짧은 손절과 익절을 가져가는 매매법입니다. - 시그널 이후 반대 반대편까지 도달 기준으로 승률 약 60~70% - 5분봉 캔들에서 신뢰도가 가장 높습니다. - 설정에서 시그널 알람 세팅이 가능합니다. - 밴드 길이 기본값은 25 이고, 밴드 값 수정에 따라 시그널 신뢰도가 달라집니다. - 노스트라다무스 자체제작 지표입니다.
Pine Script™ indicator
by Nostradamus_bitcoin
SupertrendChỉ báo Super Trend – Công Cụ Xác Định Xu Hướng Mạnh Mẽ 1️⃣ Super Trend là gì? Super Trend là một chỉ báo theo xu hướng (trend-following indicator) giúp xác định xu hướng tăng hoặc xu hướng giảm của thị trường. Chỉ báo này dựa trên Average True Range (ATR) để đo độ biến động và tạo ra một đường tín hiệu động trên biểu đồ giá. 2️⃣ Công thức tính Super Trend Super Trend được tính dựa trên hai yếu tố chính: Giá trị trung bình thực (ATR – Average True Range) để đo mức độ biến động Hệ số nhân (Multiplier) để điều chỉnh độ nhạy của chỉ báo Công thức tính: ✅ Upper Band = (High + Low) / 2 + Multiplier * ATR ✅ Lower Band = (High + Low) / 2 - Multiplier * ATR 3️⃣ Cách sử dụng Super Trend trong giao dịch 📌 Xác định xu hướng: Khi đường Super Trend nằm dưới giá, xu hướng tăng (màu xanh) → Tín hiệu mua Khi đường Super Trend nằm trên giá, xu hướng giảm (màu đỏ) → Tín hiệu bán 📌 Xác định điểm vào lệnh: Mua khi Super Trend chuyển từ đỏ sang xanh Bán khi Super Trend chuyển từ xanh sang đỏ
Pine Script™ indicator
by nguyendat383884
*Dynamic Live Update with Four-Color Candles* Dynamic Live Label Update & Charting System with Four-Color Candles This advanced trading system is designed to help traders visualize market structure, momentum shifts, and institutional activity in real time. By integrating Accumulation/Distribution, Swing High/Low levels, and Order Blocks into a four-color candle setup, it provides clearer insights into price action beyond traditional indicators. Four-Color Candle System Instead of relying only on standard red/green candles, this system highlights hidden market behavior: Blue (Swing High / Accumulation & Bullish Order Flow) Yellow (Swing Low / Distribution & Bearish Order Flow) Red (Traditional Bearish Candles) → Standard bearish price movement. Green (Traditional Bullish Candles) → Standard bullish price movement. Key Features Advanced Charting System ✔ Swing High/Low Candles – Identifies key support and resistance levels. ✔ Accumulation/Distribution Labels (ADL) – Tracks volume flow and market sentiment. ✔ Order Blocks (Bullish/Bearish) – Marks institutional buying/selling zones. ✔ Four-Color Candle System – Reveals hidden activity for better entry/exit decisions. Bearish & Bullish Trend Analysis ✔ EMA-Based Trend Signals – Uses EMA 50/100 crossovers to detect trend shifts. ✔ Momentum Confirmation – Works with volume-based indicators to confirm trade setups. Dynamic Label Updates (Live Metrics) ✔ Rolling Delta Volume (15-minute adjustable window) – Measures short-term order flow. ✔ Cumulative Delta Volume (1-hour adjustable window) – Tracks long-term volume imbalances. ✔ MFI (Money Flow Index) –Volume Weighted ✔ Swing High/Low Signal – Highlights areas of buyer/seller dominance. • Customizable Toggles – Traders can enable/disable features like ADL, Order Blocks and SH/SL as needed. How It Works The script combines multiple indicators into one system: ✅ When EMA 50 crosses above EMA 100 → Bullish Bias signal ✅ When EMA 50 crosses below EMA 100 → Bearish Bias signal ✅ Live volume & delta metrics adjust in real-time to reflect market sentiment. This system allows traders to make faster, more informed decisions by removing noise and focusing on live market dynamics rather than outdated static indicators. Disclaimer Important Notice: This indicator is designed for informational and educational purposes only. The display, visualization, and formatting are uniquely developed for enhanced market analysis. Ownership & Rights: • The underlying trading logic, calculations, and methodologies may be derived from publicly available or proprietary sources and remain the intellectual property of their respective owners. • The graphical representation, live label update system, and four-color candle structure are custom design elements intended to improve user experience. • This script does not provide financial advice. Use at your own risk. By using this indicator, you acknowledge that trading involves risk and that no system can guarantee profits. Always conduct your own research before making any financial decisions.
Pine Script™ indicator
by PhuQuiTran
Momentum Day Trading Setup//@version=6 indicator("Momentum Day Trading Setup", overlay=true) // VWAP vwap = ta.vwap(close) // Fixed VWAP issue plot(vwap, title="VWAP", color=color.blue, linewidth=2) // EMA 9 & EMA 20 ema9 = ta.ema(close, 9) ema20 = ta.ema(close, 20) plot(ema9, title="EMA 9", color=color.green, linewidth=2) plot(ema20, title="EMA 20", color=color.orange, linewidth=2) // MACD = ta.macd(close, 12, 26, 9) plot(macdLine, title="MACD Line", color=color.blue, linewidth=2) plot(signalLine, title="Signal Line", color=color.red, linewidth=2) // RSI rsi = ta.rsi(close, 14) rsiOverbought = 80 rsiOversold = 20 hline(rsiOverbought, "Overbought", color=color.red) hline(rsiOversold, "Oversold", color=color.green) plot(rsi, title="RSI", color=color.purple, linewidth=2) // ATR (Average True Range) atr = ta.atr(14) plot(atr, title="ATR", color=color.gray, linewidth=1) // Volume with Moving Average vol = volume volMa = ta.sma(vol, 20) plot(vol, title="Volume", color=color.new(color.blue, 70), style=plot.style_columns) // Fixed transparency issue plot(volMa, title="Volume MA (20)", color=color.orange, linewidth=2) // Entry Signal (Bullish Breakout) bullishEntry = ta.crossover(ema9, ema20) and close > vwap and rsi > 50 and macdLine > signalLine plotshape(bullishEntry, title="Bullish Entry", location=location.belowbar, color=color.green, style=shape.labelup, size=size.small) // Exit Signal (Bearish Reversal) bearishExit = ta.crossunder(ema9, ema20) or close < vwap or macdLine < signalLine plotshape(bearishExit, title="Bearish Exit", location=location.abovebar, color=color.red, style=shape.labeldown, size=size.small)
Pine Script™ indicator
by Mark1e973
1
MTF Engulfing Zones MTF Engulfing Zones Indicator Summary The MTF Engulfing Zones indicator identifies engulfing candlestick patterns on a user-selected higher timeframe and displays them as boxes on the chart. It tracks bullish and bearish zones, showing their extent until price mitigates them, and includes a midline for reference. Functionality - ** Pattern Detection **: - ** Bullish Engulfing **: A bearish candle (close < open) followed by a bullish candle (close > open) that engulfs it, with the close above the prior open and the low below the prior low. - ** Bearish Engulfing **: A bullish candle (close > open) followed by a bearish candle (close < open) that engulfs it, with the close below the prior open and the high above the prior high. - ** Zone Display **: - Boxes are drawn at the pattern’s start, with the top at the candle’s high and bottom at its low. - Bullish zones are green, bearish zones are red, and each has a white midline at the average of the high and low (colors adjustable). - Boxes extend rightward as time progresses. - ** Mitigation **: - Bullish zones end when price closes below the box’s bottom. - Bearish zones end when price closes above the box’s top. - Once mitigated, the box’s right edge is fixed at that time. - ** Box Limits **: - Up to 20 unmitigated boxes and 5 mitigated boxes are shown by default (limits adjustable). - Older boxes are removed as new ones appear. Settings - **Timeframe**: The higher timeframe for detecting patterns (default: 5 minutes). - **Bullish Box Color**: Default is semi-transparent green. - **Bearish Box Color**: Default is semi-transparent red. - **Midline Color**: Default is semi-transparent white. - **Max Unmitigated Boxes**: Default is 20. - **Max Mitigated Boxes**: Default is 5. Purpose This indicator overlays boxes on the chart to mark engulfing patterns from a higher timeframe, showing active zones until price breaks them. It’s a straightforward way to visualize potential reversal areas and their status.
Pine Script™ indicator
by air360