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Chart patterns

Weekly Power 3Did you know there is a simple line you can place on your chart to immediately make the weeks price action more understandable? Its called the Weekly Open Line. And its the opening price of the trading week. It was created by The Inner Circle Trader (ICT) and incorporates another one of his concepts called Power 3. The Weekly Power 3 indicator takes the idea of the Weekly Open Line and builds a suite of intelligent and dynamic tools around it that will immediately help the user to start understanding how price moves within the trading week context. Features Static Weekly Open Line Intelligent Days of the Week Text Dynamic Weekly High Line Dynamic Weekly Low Line Weekly High Candle Label (highest candle of the week) Weekly Low Candle Label (lowest candle of the week) Best Odds High of the Week Zone Line & Text Best Odds Low of the Week Zone Line & Text Components The primary feature is a line that forms on the weekly open price and grows as the week progresses. Additionally, lines are created for the highest and lowest prices of the week so the weekly profile can be easily recognized. A dynamic label marks each weeks highest and lowest point. This will automatically move as prices expand throughout the week. A very useful component of the Weekly Power 3 indicator is the Days of the Week text. Each Day of the Week text is displayed in the middle of each trading day and also the user can specify in the Settings whether to position the text at the high or low of the weeks price range. Additionally, there is a Buffer setting that allows the user to move the Days of the Week text up or down to prevent chart overlapping. To help the user visualize the span of time with the best odds of forming the weekly highs or weekly lows, according to ICT, this indicator adds at static line and optional label into the charts future that projects the span from Tuesday’s London Open to Wednesday’s New York. Having a static line out in the future on your chart really helps to picture where price could be drawn to based solely around time of the week. Premise ICT says that the weekly open price is the most important level that price reacts to across the five days of a trading week. If the week profile is expected to be bullish then price many times goes below the weekly open line at the beginning of the week and above it later in the week (a.k.a Bullish Power 3). Consequently, if the week is anticipated to be a bearish week, price often times starts the week high and then goes lower throughout the week (a.k.a Bearish Power 3). ICT always specifies that the weekly high or weekly low have the best odds of forming between the Tuesday’s London Open and Wednesday’s New York Open. Inputs and Style Like all scripts publish by Infinity Trading, everything in the indicator is customizable by the user. Every label, line, or text can be individually toggled ON or OFF so the user has complete control over the elements they want displayed on their chart. All of the lines can be individually adjusted by color, line style, or line width. The color and text color on the high and low of the week labels can be individually changed. The text in the chart (day of the week & best odds zones text) each have a “buffer” value. This allows the user to individually move the text up or down on the chart to declutter the chart. And lastly, the day of the week text can be positioned above or below the weeks price action and the text will dynamically move higher or lower as price expands throughout the week. Previous weeks have all of the Weekly Power 3 markups so it's easy to study past price action and identify trends. Gallery View the weeks price action View multiple weeks price action Visualize future price action
Pine Script™ indicator
by Infinity_Trading_
30
Zig Zag+ (Macro + Internal Structure Tool)ZigZag+ (Macro + Internal Structure Tool) ZigZag+ is a simple tool that helps traders to clearly identify and differentiate between macro and internal market structure, to help you keep your bearings of where you are currently in the overall picture. It is especially difficult to keep your bearings within the larger structural trend when trading the lower timeframes, where for example, a bearish structural trend on a lower timeframe may simply be a retracement of an overall bullish structural trend on a higher timeframe. This indicator primarily aims to help traders maintain awareness of where they are in relationship to the higher timeframe / 'macro' structural trend, and their most significant swing point highs and lows. The features of this indicator include: - 2x Zig Zag lines drawn automatically onto your chart. One which has a longer length than the other, which can be used to help identify and differentiate the larger price swings from the smaller price swings found within it. Enabled by default. - Customisable Zig Zag line color & width settings to help clearly differentiate the higher timeframe 'macro structure' apart from the lower timeframe 'internal structure' within it, enabling it to be tailored to suit your chart colour theme and personal preference. - Customisable individual length settings for the 2x Zig Zag lines, to allow the fine tuning of each line to any timeframe and asset. By default one lines length is set to a higher value than the other, to illustrate a macro structure (higher length value) as well as the 'internal structure' (lower value length), seen within the larger macro structure. - Up to a maximum of 500 lines can be drawn meaning you can zoom out considerably, and view historical price action with both Zig Zag lines continuing to print. - Custom alerts for identifying candlesticks that can offer optimal entries where they are found within valid price markups or markdowns that are already underway. Further details can be found within the tooltips for these signals. Note: The above list of features are accurate at the time of publishing, but may be updated or added to in future. Structure Understanding structure is arguably the foundation of all trading strategies, and therefore very important to understand where you are exactly in the bigger picture, since it can help identify levels at which there is a higher probability of price moving either upward or downward at a given point. Structural trend refers to the typical way that price tends to move in any given trending market, identified by the continuation of higher highs and higher lows in a typical bullish trending market, and lower highs and lower lows in a bearish trending market. During other times price may not be trending in this way, for example when it is undergoing accumulation or distribution phases, where the consistent higher high & lower low / lower high and lower low patterns will not be evident. What is Macro Structure? Macro trend structure refers to the structural trend seen on higher timeframe charts. What is Internal Structure? Internal trend structure refers to the structural trend seen on lower timeframe charts, which is found within the higher timeframe structure. Disclaimer: This indicator is adapted from an original script authored by Tr0sT . With special thanks.
Pine Script™ indicator
by PHVNTOM_TRADER
4
Inside Candle and mother candle range with alert++>>This script allows you the inside bar candle and the cnadle is shown in white. The range of the mother candle is identified and tracked until it breaks. Once the first range is over ridden then the next similar pattern will be occured and the tracking will be done for the mother candle latest occurrence. It also has the alert mechanism where you can go and the alert for the indicator in Alerts. 5 min is the most preferrable time frame and while saving the alert Note to save the time frame of the chart. For which ever time frame is saved the Alert will be triggered for the same . And when th inside bar is triggered it throws an alert condition. this alert condition has to be configured in your alerts and will be buzzing on the screen. Oct 20 Release Notes: updated with Mother candle top and bottom lines of previous occurrences and tracks the current latest Inside bar mother candle Release Notes: this script allows you the inside bar cnadle and the cnadle is shown in white. highlighter is configurable and line colors as well.
Pine Script™ indicator
by RaviPolavarapu
11
HL-AverageThis script extracts the highest price "ta.highest" and lowest price "ta.lowest" over a period of time, obtains the average value "array.avg" and plots it on a chart. At the same time, it also plots high and low prices, so you can use the volatility over a period of time and its center point as a reference for trading. The pine code is as simple as possible, so there is no difficulty. You can also change the period. We sincerely hope that this script will help you in your trading.
Pine Script™ indicator
by Shinichi-Kagami
Candle Close ConfirmationTradingview doesn't provide a way to prevent unclosed candles from displaying in real time. This script helps to reduce errors that span from reading unconfirmed candles by preventing the unconfirmed candle from displaying across all timeframes. Ideal for traders with strategies that rely on candle confirmation signals. NOTE: It works by drawing new candles based on the normal candles and stops just before the current unconfirmed candle, so you need to disable regular bar chart candles for this to work properly. How to do that - Chart Settings > Symbols > Candles > Disable (Body, Borders, Wick)
Pine Script™ indicator
by highpappy
Spread ChartThis script lets you chart a spread of a maximum of 3 tickers (one of them being the ticker in the main chart). Y axis is the currency amount of the spread, that is calculated by this formula: Y = PnL = quantity * price * handleValue Y is calculated for each ticker specified, and the sum of Ys obtained is plotted. this way it is possible to view the PnL of the spread directly. It is necessary to specify the handle value (point value) in the script inputs (not for the main chart ticker). A table summarizes the spread configuration, containing all inputs.
Pine Script™ indicator
by konidtaly88
Swing Failure PatternThis script will remind you of a potential swing failure pattern (which is a grab for liquidity to go the other direction). You can't use this script on its own, hence the eyes to look for confluences ;-) Eyes will appear when the current high/low takes out the high/low of the last (by default) 100 highs/lows and will close below/above that last high/low. Extra settings: - ignore the last x amount of bars - choose a character instead of the eyes - choose a color for the character Happy trading! ;-)
Pine Script™ indicator
by Greg_007
5
[Sniper] SSL Hybrid + QQE MOD + Waddah Attar StrategyHi. I’m DuDu95. ********************************************************************************** This is the script for the series called "Sniper". *** What is "Sniper" Series? *** "Sniper" series is the project that I’m going to start. In "Sniper" Series, I’m going to "snipe and shoot" the youtuber’s strategy: to find out whether the youtuber’s video about strategy is "true or false". Specifically, I’m going to do the things below. 1. Implement "Youtuber’s strategy" into pinescript code. 2. Then I will "backtest" and prove whether "the strategy really works" in the specific ticker (e.g. BTCUSDT) for the specific timeframe (e.g. 5m). 3. Based on the backtest result, I will rate and judge whether the youtube video is "true" or "false", and then rate the validity, reliability, robustness, of the strategy. (like a lie detector) *** What is the purpose of this series? *** 1. To notify whether the strategy really works for the people who watched the youtube video. 2. To find and build my own scalping / day trading strategy that really works. ********************************************************************************** *** Strategy Description *** This strategy is from "SSL QQE MOD 5MIN SCALPING STRATEGY" by youtuber "Daily Investments". "Daily Investments" claimed that this strategy will make you some money from 100 trades in any ticker in 5 minute timeframe. ### Entry Logic 1. Long Entry Logic - close > SSL Hybrid Baseline. - QQE MOD should turn into blue color. - Waddah Attar Explosion indicator must be green. 2. Short Entry Logic - close < SSL Hybrid Baseline - QQE MOD should turn into red color. - Waddah Attar Explosion indicator must be red. ### Exit Logic 1. Long Exit Logic - When QQE MOD turn into red color. 2. Short Entry Logic - When QQE MOD turn into blue color. ### StopLoss 1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High. 2. Can Chosse inputs of each Stop Loss Type. ### Take Profit 1. Can set Risk Reward Ratio for Take Profit. - To simplify backtest, I erased all other options except RR Ratio. - You can add Take Profit Logic by adding options in the code. 2. Can set Take Profit Quantity. ### Risk Manangement 1. Can choose whether to use Risk Manangement Logic. - This controls the Quantity of the Entry. - e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price, then 50% of your equity will be used for trade. 2. Can choose How much risk you would take per trade. ### Plot 1. Added Labels to check the data of entry / exit positions. 2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313) 3. SSL Hybrid Baseline is by default drawn on the chart. 4. If you check EMA filter, EMA would be drawn on the chart. 5. Should add QQE MOD and Waddah Attar Explosion indicator manually if you want to see QQE MOD. ********************************************************************************** *** Rating: True or False? ### Rating: → 1.5 / 5 (0 = Trash, 1 = Bad, 2 = Not Good, 3 = Good, 4 = Great, 5 = Excellent) ### True or False? → False → Doesn't Work on 5 minute timeframe. Also, it doesn't work on crypto. ### Better Option? → Use this for Day trading or Swing Trading, not for Scalping. (Bigger Timeframe) → Although the result was bad at 5 minute timeframe, it was profitable in 1h, 2h, 4h, 8h, 1d timeframe. → BTC, ETH was ok. → The result was better when I use EMA filter (only on longer timeframe). ### Robust? → So So. Although result was bad in short timeframe (e.g. 30m 15m 5m), backtest result was "consistently" profitable on longer timeframe. → Also, MDD was not that bad under risk management option on. ********************************************************************************** *** Conclusion? → Don't use this on short timeframe. → Better use on longer timeframe with filter, stoploss and risk management.
Pine Script™ strategy
by DuDu95
4
Davin's 10/200MA Pullback on SPY Strategy v2.0Strategy: Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries. An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal. An optional bonus: can choose to exit on MA crossovers using 200 MA as reference MA (etc. Hard stop on 50 cross 200) Recommended Ticker: SPY 1D (I have so far tested on SPY and other big indexes only, other stocks appear to be too volatile to use the same short period SMA parameters effectively) + AAPL 4H How it works: Buy condition is when: - Price closes above 200 SMA - Price closes below 10 SMA - Price dumps at least 20% (additional bonus contrarian buy the dip option) Entry is on the next opening market day the day after the buy condition candle was fulfilled. Sell Condition is when: - Prices closes below 10 SMA - Hard stop at 15% drawdown from entry price (adjustable parameter) - Hard stop at medium term and long term MA crossovers (adjustable parameters) So far this strategy has been pretty effective for me, feel free to try it out and let me know in the comments how you found :) Feel free to suggest new strategy ideas for discussion and indicator building
Pine Script™ strategy
by Gold_D_Roger
4
Time Range Bar PatternThis will show candle pattern in separate window to maintain candle pattern and candle's shape consistently (as in big trading range, candle is much smaller and in small trading range, candle is much bigger) There are 4 parameters: - Bull color and bear color - clear enough - Candle Time Range - you can input time range you desire (remember you need to set the value based on chart time as well, for example if M5, then the time range need to be in M5 time range) - First Candle Time Range - need your help to input the first candle time range for easier calculation and visual (remember you need to set the value based on chart time as well, for example if M5, then the time range of first candle should be in 5 minutes period)
Pine Script™ indicator
by HastaAdhidaya
My exponential moving averages - Suri's EMAs It's not an indication of anything here, it's just part of my operating in a simple and summarized way, I hope it helps someone. Suri's EMA's indicator is nothing more than a set of exponential moving averages (EMA). They are 12, 26, 50 and 200. Attention to the use of the indicator, it is just an INDICATOR, it should not be taken as the main point of your entry, but to guide you in your entries in favor of the trend, whether intra-day or swing. Created for clear, monochrome screens. Make your adjustments. Color condition, candles turn green when their close is above EMA 12 and 26. Color condition, candles turn red when their close is below EMA 12 and 26. Condition for colors, MME12,26,50 and 200 will turn green with price working above it. Condition for colors, MME12, 26, 50 and 200 will turn red with price working below it. Indication for use in time-frames = 5m, 15m, 60m, 240m. (higher hit rates) How to use the indicator, MME 12 and 26, are the most important and led you to more entries, but we should not only consider them, we have to analyze the whole context to then make a decision. Indicator was nicknamed by me by "Pullback Pick", it works in a simple way: In an uptrend or downtrend, the price usually tends to return in the averages or the averages go up to the price, that being said, it is easy to observe that where the price returns would be a pullback from the last movement, so when returning to the averages, the candle that shows strength in favor of this trend, in the EMA's region, becomes a possible entry, with its stop below or above this "pullback" formed, because the stop goes there, because usually when the price returns on the EMAs they tend to to hold and replay the price in favor of the trend. My observations: I like to enter when the price returns to the averages smoothly, without much movement, when it touches the average 12 or 26 it is an entry, but an entry without confirmation, the gain is greater, but the chance of being stopped is higher, I like it when the price is close to the 12 and 26 averages and leaves a small candle or doji on this pullback, my entry goes to the breakout of this candle and the stop behind the candle. THERE IS NO MIRACLE, THERE IS NO 100% HIT RATE, SO USE STOP. Aaaaaaaaaa I was forgetting.... and the target??? As it is a trend following setup, it is cool to leave a trailing stop or update the stop as new bottoms or tops are formed. Targeting in 1v1 is good, setup pays a lot! Targeting in 2x1 is too good, setup pays well! Making a target in 3x1 is more than good, setup pays sometimes, then from now on, it depends on where you are entering this "PULLBACK", if it is in the first wave, in the second, if you are going to lateralize, the market is SOVEREIGN, put in the pocket that is no longer on the market, oh it's yours! That's it, doubts, send it there, suggestion, opinion, whatever you want. Added a symbol at the crossing of the 12 and 26 moving averages. I am so sorry, but i dont speak english, use google translate. Português. Não se trata de indicação de nada aqui, é apenas parte do meu operacional de maneira simples e resumida, espero que ajude alguém. Indicador Suri's EMA's, nada mais é do que um conjunto de médias móveis exponenciais(MME). São elas 12, 26, 50 e 200. Atenção para o uso do indicador, ele é apenas um INDICADOR, não deve ser tomado como o ponto principal de sua entrada, mas sim de te balizar nas suas entradas a favor da tendência, seja ela intra-day ou swing. Criado para telas claras e monocromáticas. Façam seus ajustes. Condição para as cores, candles ficam verdes quando o fechamento dele é acima das MME 12 e 26. Condição para as cores, candles ficam vermelhos quando o fechamento dele é abaixo das MME 12 e 26. Condição para as cores, MME12,26,50 e 200 ficará verde com preço trabalhando acima dela. Condição para as cores, MME12, 26, 50 e 200 ficará vermelho com preço trabalhando abaixo dela. Indicação para uso nos time-frame = 5m, 15m, 60m, 240m.(taxas de acerto maior) Como utilizar o indicador, MME 12 e 26, são as mais importantes e te levaram a mais entradas, porém não devemos levar apenas elas em consideração, temos que analisar todo o contexto para então tomar decisão. Indicador foi apelidado por mim por " Pega Pullback", ele funciona de uma maneira simples: Em tendência de alta ou de baixa, o preço geralmente tende a retornar nas médias ou as médias irem até o preço, dito isso é fácil de se observar que onde o preço retorna seria um pullback do último movimento, portanto ao retornar nas médias, o candle que mostra força a favor dessa tendência, na região das EMA's, se torna uma possível entrada, com o seu stop abaixo ou acima desse "pullback" formado, porque o stop vai nesse local, porque geralmente quando o preço retorna nas EMAs elas tendem a segurar e voltar a jogar o preço a favor da tendência. Minhas observações: Eu gosto de entrar quando o preço retorna nas médias de maneira suave, sem muito movimento, quando toca na média 12 ou 26 é uma entrada, porém uma entrada sem confirmação, o ganho é maior, porém a chance de ser stopado é mais alta, eu gosto quando o preço fica perto das médias 12 e 26 e deixa um candle pequeno ou doji nesse pullback, minha entrada vai no rompimento desse candle e o stop atrás do candle. Não existe MILAGRE, NÃO EXISTE TAXA DE ACERTO DE 100%, POR ISSO USE STOP. Aaaaaaaaaa ia me esquecendo.... e o alvo??? Por ser um setup seguidor de tendência, o legal é deixar um trailing stop ou ir atualizando o stop conforme novos fundos ou topos são formados. Realizar alvo no 1x1 é bom, setup paga muito! Realizar alvo no 2x1 é bom de mais, setup paga bem! Realizar alvo no 3x1 é mais do que bom, setup paga as vezes, ai daqui pra frente, depende de onde você está entrando nesse "PULLBACK", se é na primeira onda, na segunda, se vai lateralizar, o mercado é SOBERANO, põe no bolso que não é mais do mercado, ai é teu! É isso, dúvidas, manda ai, sugestão, opinião, o que quiser. Adicionado um símbolo no cruzamento das médias móveis 12 e 26.
Pine Script™ indicator
by SuriHP
Harmonic Pattern Detection, Prediction, and Backtesting ToolOverview: The ultimate harmonic XABCD pattern identification, prediction, and backtesting system. Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.   -  Identification   -  An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details). -  Prediction  - After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc). -  Backtesting  - A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.  //------------------------------------------------------ // Scoring //------------------------------------------------------ A percentage-based score is calculated from four components: (1)  Retracement % Accuracy   -  this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive. (2)  PRZ Level Confluence   -  Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.  (3)  Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal. (4)  Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive. So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day. Calculation weights of all four components can be changed in Settings. //------------------------------------------------------ // Targets //------------------------------------------------------ A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually: (1)  .618 XA  =  .618 retracement of leg XA, measured from point D (2)  1.272 XA  =  1.272 retracement of leg XA, measured from point D (3)  1.618 XA  =  1.618 retracement of leg XA, measured from point D (4)  .618 CD  =  .618 retracement of leg CD, measured from point D (5)  1.272 CD  =  1.272 retracement of leg CD, measured from point D (6)  1.618 CD  =  1.618 retracement of leg CD, measured from point D (7)  A = point A (8)  B = point B (9)  C = point C //------------------------------------------------------ // Stops //------------------------------------------------------ Stop-loss levels are also user-defined, in one of three ways: (1)   % beyond the furthest PRZ level (below the PRZ level for bullish patterns, and above for bearish) (2)  % beyond point D (3)  % of distance to Target 1, beyond point D. This method allows for a proper Risk:Reward approach by defining your potential losses as a percentage of the potential gains. This is the default. //------------------------------------------------------ // Results Table / Backtesting Statistics //------------------------------------------------------ To properly assess the effectiveness of a specific pattern type, a time limit is enforced for a completed pattern to reach the targets or the stop level. When this time limit expires, the pattern has "timed out", and is no longer considered in the Success Rate statistics. During the time limit period, if price reaches Target 1 before reaching the Stop level, the pattern is considered successful. Conversely, if price reaches the Stop level before reaching Target 1, the pattern is considered a failure. The time limit can be changed in Settings, and is defined in terms of the total pattern length (point X to point D). It is set to 1.5 by default. Increasing the time limit value will give you more realistic Success Rate values, but will less accurately represent the success rate of the harmonic patterns (i.e. the more time that elapses after a pattern completes, the less likely it is that the price action is related to that pattern). //------------------------------------------------------ // Coming soon... //------------------------------------------------------ I have a handful of other features in development, including: (1)  Drawing incomplete patterns as they develop. This will allow you more time to plan entries and stops, or potentially trade reversals from point C to point D PRZ levels. (2)  Support for the Shark and Cypher patterns (3)  Alerts Please report any bugs, runtime errors, other issues or enhancement suggestions. I also welcome any feedback from experienced harmonic pattern traders, especially regarding your strategy for setting targets and stop-losses. @reees
Pine Script™ indicator
by reees
498
Wick-off Check Moving Average [Misu]█ This Indicator shows a wick-off check pattern applied to a moving average.  This pattern appears when a candle opens below the moving average and closes above it, or when it opens above a moving average and closes below it. This causes a wick to go through the moving average: a wick-off check moving average.  █ Usages: This indicator detects small pullbacks in a trend. This is mainly used for trading continuation strategies.  It can also be used to validate a resistance or support level . █ Features: > Average Wick Validation: You can validate a wick-off check pattern depending on the average wick size. This is configured with parameters "Lenght Avg Wick Validation" and "Factor Wick Validation".  > Trend Validation: A trend is taken into account when detecting a "continuation pattern". A trend is validated if X candles close above (up trend) or under (down trend) the moving average. This "X" is defined by "Length Bar - Trend Validation" parameter.  > Buy and Sell: Labels are showing wick-of check patterns but can be interpreted as a buy & sell signal.  > Multi Moving Average. > Alerts. █ Parameters: Method Multi MA : The method for calculating the moving average.  Multi MA Length : The length used to calculate the moving average.  Length Bar - Trend Validation : Define the number of bar needed to validate a trend. When price is above the MA, trend is up. When price is under MA, trend is down. Wickoff Mode : Mode used to detect Wickoff check pattern. > continuation pattern: only shows wick-off check pattern in a confirmed trend. > no trend in progress: only shows wick-off check pattern in a not confirmed trend. > both: shows both. Lenght Avg Wick Validation : Lenght used to calculate the average wick size. Factor Wick Validation : Factor used to validate the length of a wick when a wick-off check is detected.
Pine Script™ indicator
by Fontiramisu
False Breakout (Expo)█ Overview False Breakout (Expo) is an indicator that detects false breakouts in real-time. A false breakout occurs when the price moves through a certain level but doesn't continue to accelerate in that direction. This is because the price does not have enough momentum and the buying interest at this level is not high enough to keep pushing the price in that direction. Instead, the market reverses! All breakout traders are now forced to close their positions at a loss. However, contrarian traders that have identified this false breakout do get a perfect entry for a great reversal trade! False Breakout is one of the most important price action trading patterns to learn because it can help traders understand whether a breakout is valid or false. █ How to use Identify False Breakouts Identify Reversal trades ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
55
Trend/Retracement - ZigZag - New wayZigZag for Trend and Retracements - New way It's another way to plot ZigZag based on lookback period for trend and % of trend lookback period to plot retracements. █ OVERVIEW Plot ZigZag, Trend lines, Retracements, Support levels, Resistance levels █ Objective: Draw ZigZag lines along with unbroken support and resistance levels. ZigZag lines are drawn for main trend and the retracements. Main Trend – This is calculated based on lookback period. Retracements – Retracements are calculated as 25% of main trend. Support and Resistance line: The indicator draws 2 types of support and resistance lines 1. Un-broken – Once formed (plotted), these are the support and resistance which are not yet broken 2. Tested – One can also choose to see support and resistance lines which are tested but not broken. Tested support/resistance are those levels which are touched by high/low price but close price has not crossed the level. █ How main trend point is calculated: E.g. Chart timeframe = 15m Lookback period = 250 Retracement = 25% of main trend ( 25% of 250 = 62 ) A price point on a chart is considered as trend point if distance between current price and previous highest price is 250 candles A price point is considered as a retracement if distance between current price and previous highest price is 62 candles. Please note retracements are calculated only after finding a main trend point. █ Input parameters: Zigzag Parameters Use predefined Lookback – If checked pre-defined timeframe-based lookback parameters are used. Trend lookback candles – If ‘Use predefined Lookback’ is unchecked then this value is used as lookback period. Retracement % of look back candles– If ‘Use predefined Lookback’ is unchecked then this value is used for calculating retracement lookback period Mark retracements – If unchecked only main trend lines are plotted Plot support/resistance – To plot support/resistance levels Show support/resistance tested lines – If checked tested support/resistance liens are shown on the chart █ TF based Lookback period config (Defaults are set as specified below, One can change these defaults to use different lookback periods) The defaults set here are used based on the chart timeframe. e.g. if chart timeframe is changed from say 15m to 60m then 60m chart defaults (i.e. trend lookback = 90) are used to plot the trend and the retracements. At the bottom-right of the chart, parameters used for plotting are displayed all the time. Timeframe in minute – Default = 5m Trend lookback candles – Default = 375 (~ 5 days of data) Timeframe in minute – Default = 15m Trend lookback candles – Default = 250 (~10 days of data) Timeframe in minute – Default = 60m Trend lookback candles = Default = 90 (~ 15 days of data) Trend lookback candles for timeframe 'D' – Default = 30 (~1 month data) Trend lookback candles for timeframe 'W' – Default = 21 (~6 months data) Trend lookback candles for timeframe 'M' – Default = 12 (~1year data) Retracement % of look back candles – Default = 25% █ When and where one can use this indicator (Refer to chart examples) To view support and resistance based on lookback period To view ZigZag lines One can use it to find chart patterns easily Trend and retracement lines can help in drawing Elliott waves. █ Chart examples: 1. Chart patterns can be easily identified - One can disable the candle charts which will help to identify and draw chart patterns easily 2. Trend and retracement lines can also help is analyzing charts (e.g. Elliott Waves can be marked based on trend lines) 3. Tested but not broken support and resistance lines can be viewed 4. You can select 'NOT' to plot tested support and resistance lines 5. Uncheck the Mark retracements to plot main trend lines (Retracements are not marked)
Pine Script™ indicator
by Sharad_Gaikwad
14
OHLC-TablesENGLISH VERSION The command shows the opening-high-low-closing-change values ​​of that day based on the previous value in each period. You can set the clock in any time zone you want. You can use the indicator by adapting it wherever you want on your screen. You can adjust its position. Top-Left-Middle Left- Bottom Left/ Top Right-Middle Right- Bottom Right. Although it is not a command with a Buy-Sell indicator, its user-friendliness and convenience were taken into account while developing it. The purpose of the indicator is to allow you to consider the values ​​while focusing not only on the chart you are watching.
Pine Script™ indicator
by shadlee
2