Hello Traders, This is "Point and Figure Chart (PnF)" script that run in separated window in real time. The separated PnF chart window is timeless, so no relation with the time on the chart. PnF chart consist of "X" and "O" columns. While "X" columns represents rising prices, "O" column represents a falling price. If you have no idea about what PnF charting is...
It's kind of annoying no having a reference of higher time frames when trading intraday. This script is one level from the "closes" script, but as an individual script, this allows more historical closes to be observed at once. Shows daily closes from the exact candle, regardless of time frame. Number of lines plotted is limited by tradingview/pinescript,...
Hi, today I bring you a price action strategy/indicator for Forex, made out for Marubozu candle type. For the entries of it check if we have a long or a short marubozu. For exit we have for long when the actual candle is green and the last previous two were red. For exit we have for short, when the actual candle is red and the last previous two were green. If...
Hello Traders, Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script. What are these candlestick patterns? Tweezers : - A tweezers...
Posting previously requested indicator. Overlays higher timeframe high and low over the current bars - pictured is daily high and low overlayed on lower timeframe chart. Can be set to fill between the open and close to show higher timeframe candles by color, with bullish or bearish fills Very versatile and can be used to display weekly or monthly opens, or used...
The Tweezers pattern is a minor trend reversal pattern that consists of two candlesticks with more or less the same high or the same low or some variation thereof. The user can adjust this variation by changing the 'Tweezer Wick Percentage' input. The Tweezers Bottom pattern generally appears in a downtrend with the first candlestick being a bearish...
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail is both simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying...
Dear Traders, This script will get a smile on most of the pivot and price action traders. My trading skills have drastically improved after learning the concepts of central pivot point, supply and demand and more importantly understanding of the simple candle stick patterns. This is my experiment of decoding the above mentioned concepts to simple trading...
A false breakout is when the price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started. The “False Breakout” indicator reveals false breakouts in comparison to the previous candle. In case we're looking to trade the stock for long this would mean that the price of the stock broke the...
Of the three consecutive candles, the state where the space between the first and third wicks not filled is called imbalance. This indicator visualizes those imbalances. How to use: Used to recognize sudden supply and demand fluctuations that have occurred in the...
Hi guys This script will help you to find Hammer candles and also Shooting star candles. These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal. I hope you find it helpful and enjoy it. Please leave your comments for improving this script.
Shows possible 4th bar movement direction based on 2 previous bars inside the 1st one
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
This script helps the user visualize profit targets and calculates position size based on the input risk amount. Input variables: - Risk amount - Entry price - Stop loss amount - Profit target amount Calculated variables: - Profit loss ratio - Position size - Postion cost Plotted variables: - shaded: entry price --> price target (green filled) -...
This is good old EMA (Exponential Moving Average) with a twist. The EMA line is surrounded by ATR on either side giving you visibility on how market breadth is working out. The icing on this cake is in the form of engulfing candle indications. Whenever the engulfing candle happens to be inside the size (that's upper and low ATR area limits around EMA) and the...
( Google translation from Russian.) Signal conditions: 1. There is a bar with an increased volume 2. The next bar after the bar with increased volume closes in the other direction Arguments: Comparison period - the period during which the volumes are compared with each other to calculate the bars with the increased volume. sensitivity of increased volumes...
Hi traders. This is a multi-timeframe Heikin-Ashi candle chart script. There is no repaint. This is used when you want to see a high time frame Heikin-Ashi candle on the candlestick chart. 1. HTF RESOLUTION = Frame of output candle... 1H=60, 4H=240, 1D=1D, 1W=1W... 2. HTF SOURCE TYPE = Selects the target chart mode for the output candle... Candlestick of...
Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Projection. Projection is based off the same Principle as some of my other scripts, such as Trade Manager() and Price...