This strategy is meant to be traded mainly on the Forex market. It is to be used in ranging markets after having identified both support and resistance. You need to identify those zones manually with your preferred method. The current script will look for a candle breaking the lower band of the Bollinger bands (20,2) followed by an Engulfing candle for a bullish...
READ:-Blue candle as boring/base candle and Black candle as explosive candle FInd two explosive candle (Black) where two base/boring (Blue) candles are in between. It will be marked as demand and supply zone. Those who leant demand and supply will find this indicator usefull for findin and marking zones. #When yuy find a Explosive candle , it become a potential...
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
ProfitBee59 v6.0 for TradingView (pb6 ai) helps you do tedious works on your technical charts. *It does CC59 counting and prints out a positive or negative number on each price bar. *When the counting arrives at -9 or +9, it creates support and resistance ( SNR ) levels on the chart. *It draws a pair of fast/slow average lines with pink/red colors for...
Candlestick charts are a technical tool that packs data for multiple time frames into single price bars. This makes them more useful than traditional open-high, low-close bars or simple lines that connect the dots of closing prices. Candlesticks build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical...
A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range. A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range. These candles should not be used by themselves...
Candlestick Marubozu patterns scanner with multiple settings to fine-tune the scanning.
Thank to user bnh for the idea (Hershey's Portfolio Watch) A script that shows the total or return on current assets in real time. You can view all your assets in one currency. Please refer to the comments in the script and modify them. A little script knowledge is required. Depending on the number of registered items, it may take some time. - English translated...
Based on Rob Smith's Quant Edge CL = Continuation Long e.g. 2up 1inside 2up RL = Reversal Long (Rev Strat) e.g. 2down 1inside 2up CS = Continuation Short RL = Reverse Long (Rev Strat) Most of the signals have the combinations like 2-1-2,3-1-2,etc written beside CL/RL/CS/RL except for the continuation 2-2 long and short signals. Those i have them set as a...
there are better scripts out there similar to this but just testing out my pinescript skills am still new to scripting :)
This indicator allows you to overlay candles of a different exchange over the top of your primary exchange. For example, you might be curious how Oanda's prices compare to FXCM's in realtime. You can see from the example that generally, the other exchanges swing a little further than FXCM (note this is the 1 minute chart for clarity). You can use this if you are...
this indicator to trade for a short time in a TF of 1-5-15 minutes. We have created takeprofit zones for you so that you can understand where we can get to and take your profit. these points are mostly very helpful. There are basic settings that allow you to adjust the indicator individually for each situation; because of this, this indicator can be used for any...
This indicator will identify Spinning Tops, Dojis and Evening Stars.
HG Scalpius - Previous Bar Highlight This indicator highlights the 20th bar from the current bar and has the below applications for trading the HG Scalpius system: - Determining if trend mode off switch is triggered, failing to set a new higher (lower) close in the trend with 20 bars - Determining the highest (lowest) bar in the previous range to decide if a...
The study combines Bearish and Bullish Engulfing pivot strategy with strong trend confirmative indicators: Directional Movement Index (DMI) Parabolic SAR RSI Bands Engulfing patterns in market provide a useful way for traders to enter the market in anticipation of a possible reversal in the trend. Engulfing candles tend to signal a reversal of the...
Example how to limit the number of round trips per day. If entry condition is never met logic will force a round trip at end of day. Set chart to a timeframe that is lower than 1 Day period. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and...
The FAAMG Index contemplates the grouping of the main companies in the American market, Facebook, Amazon, Apple, Microsoft and Google. Which represent approximately 20% of the S&P 500 index. This is a weighted index which considers the approximate market capitalization for each company to date. TVC:SPX
This script works for all assent class. Though using it for intraday trading. The Super-trend and MACD combination gives good result. The EMA gives confirmation to the trade. This gives good result if it is used in continuation to long terms trend.