The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line....
Todays scripts is based on my Pullback And Rally Candles with other meaningful candles such as Hammers and Dojis. You can choose which Candles to show on the cart and if you want to candles to appear above or below a moving average. If you follow my work, you may recognise some of these candles which I'm about to show you however these candles are 1) more...
Oxymoronic (oxy) candlesticks often appear at significant levels in a chart and can indicate increased probabilities of directional moves. Typically, green candles are hollow and red candles are filled. An oxymoronic candle is colored bullishly but filled bearishly (solid green) or vice versa (hollow red). Oxy flags occur when: 1) Price gaps up and closes lower...
In bull trend, bull bars are more than bear bars and vice versa. More important, if the bull/bear bars are more continuous, the trend is typically stronger. So, if the bars amount is visualized, it would be much more easier to identify the unfolding trend in front of you. This indicator shows you the amount of bull/bear bars by columns. The higher the column,...
ICT Killzone Sessions Boxes & Deviations is a convenience indicator that marks out past and future ICT killzones for Asia, London, and New York, London Close and CBDR. The boxes highlights the highest and lowest candle opens of that session/killzone, which is what the deviations are based on. Two lines mark out the highest high and lowest low of that session....
Inside bars occur when the range of a candlestick falls entirely within the previous candlestick's range. This indicates volatility contraction which often leads to volatility expansion, i.e. large price movements. This indicator includes options such as: - The number of consecutive inside bars required to trigger the indicator - Signal lines to indicate the high...
Finds the "crab range" of current price action. /////// The lines corresponds are follows: Green line represents the average high price Orange line represents the median price Yellow line represents the average low price /////// By default, the last 5 bars are used when calculating the price lines, this value can be changed in settings as needed to tune...
The Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions: * For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago. * For a bearish...
Strategy taken directly from Rob Hoffman's award winning strategy. Full credit goes to him Uses the average angle of the ema over the last 20 bars, in combination with Inventory retracement bars (candles that have retraced at least 45%) (Please note: the angle calculation default value is calibrated for BTCUSD. There is no way currently to code it to be used...
One of the biggest complaints about Heikin Ashi is the lack of real price data you receive. This attempts to give you as much information as possible by displaying both the candle color and the Heikin Ashi color. The wick takes on the original color while the body of the candle gets the Heikin Ashi color. The only downside to this method is that you do not get to...
This is probably the only script on TradingView that's clinically proven to lower your blood pressure!*** This script in conjunction with some chart settings changes can completely hide the active candle, only showing historic candles, thus, reducing risk of cardiac arrest and or panic attack. What to do: 0. Make sure you are using a candlestick chart or...
A script that makes it easy to find Kros candles Kros candles are thick candles without a wick We look for breakouts with Kros candles and trade
In the Input menu, the default value of Location is 1, and HeikinAshi can be seen overlapping the candle. If you modify the Location value, you can overlay it separately with candle to compare. (In this case, the HeikinAshi value is different from the actual value, so it is recommended to use it to identify the trend.) Also, if you move HeikinAshi to a new...
5 Mins Scalp on any Pair: -Model Components: a.EMA 200 b.VWMA 20 c. ADX d.DI+/DI- e.Volume ansd Average Volume - The Model will give you the Buy/Sell signal but you have to consider: a.The Candlestick patterns b.How far the candle from the ema200(Blue line) c.The vwma can be used as supporting indicator -Trading Rules: a.Leverage 10x b.Take profit always: 2%...
Rally Candle will signal when price is at the end of a Rally to the upside and thus entering a balance phase in the market (works on all markets) This candle works very efficient when the market is either trending downwards or in range markets where price is at resistance. (i would avoid in uptrends but depends on the trader) Also we can expect this candle to...
An experiment using Pinescript's candle plotting feature. This indicator performs a linear regression on the lows, highs, and moving average, and plots them all in the form of a candlestick. If the close is below the prediction, the candlestick is red, if the close is above the regression, the candlestick is green. Effective and aesthetic way to analyze trends.
This script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone. This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw. This script is most beneficial for TradeLegend...
█ OVERVIEW This is a simple script that will plot labels over or under candles to show where there had been consecutive candles that closed in a similar fashion. This script was inspired by a Tweet about Bitcoin experiencing its first 7th-consecutive weekly black candle and I sought out to test that. █ INPUTS There are three inputs for this script....