The Fibonacci Timing Pattern II is a price-based counter that seeks to determine medium-term reversals in price action. It is based on the following set of conditions: * For a bullish Fibonacci timing signal II: The current close must be lower than the close prices from one and two periods ago. Simultaneously, the close price from two periods ago must be lower...
This is based on chart pattern and varified for more than 5 years backtested
Library "lib_retracement_patterns" types and functions for XABCD pattern detection and plotting method set_tolerances(this, tolerance_Bmin, tolerance_Bmax, tolerance_Cmin, tolerance_Cmax, tolerance_Dmin, tolerance_Dmax) sets tolerances for B, C and D retracements. This creates another Pattern instance that is set as tolerances field on the original and...
Will add some more patterns and conditions in it in future, for now its for detecting PERFECT Engulfings only. Use these Engulfing to take a trade when it get detected on support/resistance
Library "SimilarityMeasures" Similarity measures are statistical methods used to quantify the distance between different data sets or strings. There are various types of similarity measures, including those that compare: - data points (SSD, Euclidean, Manhattan, Minkowski, Chebyshev, Correlation, Cosine, Camberra, MAE, MSE, Lorentzian, Intersection, Penrose...
The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart. Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots. 🔶 USAGE The Master...
This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading...
I made this script a long time again and never released it. It is a ABC Pattern finding tool. You can adjust the "Bars Back" setting to include more or less bars in the pattern. I usually have it set to 10 or 15 these settings seem to work well on most assets. The scripts allows you to set up a trade box automatically and has a call out table to make prices levels...
█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...
This script is our version of the "Fair Value Gap". A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior. For example: A Gap Up - the Low of a candle is higher than the High of two candles back. A Gap Down - the High of a candle is lower than the Low of two candles...
This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago. The old version has been preserved here: █ OVERVIEW This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot...
DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work. His script is the combination of RSI and Engulfing Pattern. //------------------------------------------------------------ I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to...
█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other, not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize your own Patterns with the Backtesting tool and set Retracement Ratios and...
What This Indicator Does The Forex Master Pattern uses candlesticks, which provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful... The Engulfing Pattern An engulfing...
█ Overview The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it. Our 1-2-3 Pattern (Expo) indicator helps...
Library "FunctionPatternFrequency" Counts the word or integer number pattern frequency on a array. reference: rosettacode.org count(pattern) counts the number a pattern is repeated. Parameters: pattern : : array : array with patterns to be counted. Returns: array : list of unique patterns. array : list of counters per...
Library "FunctionDynamicTimeWarping" "In time series analysis, dynamic time warping (DTW) is an algorithm for measuring similarity between two temporal sequences, which may vary in speed. For instance, similarities in walking could be detected using DTW, even if one person was walking faster than the other, or if there were accelerations and decelerations...
Hi Traders, I've developed an indicator which can detect fake-breaks on the chart. In the following you'll find the definition of the fake break candles and also you will find how to recognize it on the chart with practical examples. What is the fake break pattern? Sometimes support and resistance lines broke with a full body and strong candles that gives us...