Candle Counter by ComLucro - Multi-Timefram - 2025_V01Candle Counter by ComLucro - Multi-Timeframe - 2025_V01
The Candle Counter by ComLucro - Multi-Timeframe is a highly customizable tool designed to help traders monitor the number of candles across various timeframes directly on their charts. Whether you're analyzing trends or tracking specific market behaviors, this indicator provides a seamless and efficient way to enhance your technical analysis.
Key Features:
Flexible Timeframe Selection: Track candle counts on yearly, monthly, weekly, daily, or hourly intervals to suit your trading style.
Dynamic Label Positioning: Choose to display labels above or below candles, offering greater control over your chart layout.
Customizable Colors: Adjust label text colors to match your chart's aesthetics and improve visibility.
Clean and Organized Visualization: Automatically generates labels for each candle without overcrowding your chart.
How It Works:
Select a Timeframe: Choose from yearly, monthly, weekly, daily, or hourly intervals based on your analysis needs.
Automatic Counting: The indicator calculates and displays the number of candles for the selected period directly on your chart.
Label Customization: Adjust the position (above or below the candles) and color of the labels to align with your preferences.
Why Use This Indicator?
This script is perfect for traders who need a clear and visual representation of candle counts in specific timeframes. Whether you're monitoring trends, evaluating price action, or developing strategies, the Candle Counter by ComLucro adapts to your needs and helps you make informed decisions.
Disclaimer:
This script is intended for educational and informational purposes only. It does not constitute financial advice. Always practice responsible trading and ensure this tool aligns with your strategies and risk management practices.
About ComLucro:
ComLucro is dedicated to providing traders with practical tools and educational resources to improve decision-making in the financial markets. Discover other scripts and strategies developed to enhance your trading experience.
Counter
Consecutive count backtester / quantifytools- Overview
Consecutive counting is a simple method to mechanically define trending states to the upside and downside. Consecutive counts are calculated by taking reference price level (e.g. close 4 candles ago) and count closes above/below it up to a maximum count that resets the consecutive count back to 1. This tool provides the means to backtest each count by measuring % change in price after each count (e.g. % gain 2 candles after a given count).
Users can define reference source that starts the consecutive count (e.g. close 4 candles ago), maximum count where counter resets (e.g. after 9th count) and backtesting period (e.g. price change 2 candles after count).
Filters add extra conditions that must be met on the consecutive count to qualify as valid, which are also reflected on the backtest metrics. The counts can be refined using the following filters:
- RSI above/below X
- Price above/below/at moving average of choice
- Relative volume above/below X
Average gain corresponding to each count as they occur can be toggled off for less clutter. Average price change can also be visualized using candle color. Colors, gradient and table/label sizes are fully customizable.
- Practical guide
Example #1: Identify reversal potential
Consecutive counting is a simple yet effective method to for detecting reversals, for which 7-9 counts are traditionally used. Whether that holds true or not can now be put through a test with different variations of the method as well as using additional filters to improve the probability of a turn.
Example #2: Identify trend following potential
Consecutive counts can also have utility value for trend following. When historical short term change is to the downside, expect downside, when to the upside, expect upside.
Threshold counterOVERVIEW
The "Threshold Counter" is a tool for quantifying occurrences of closing prices of an asset that align with specified criteria and is a flexible and visual approach to studying price action.
A user-definable target threshold can be set and a comparator (<, =, >, and so on) can be selected. The indicator counts values on the main chart meeting these conditions, over a user-defined `lookback` period.
KEY FEATURES
User definable threshold: target value with optional upper bound can be specified
Versatile Comparisons: Choose from "=", ">=", ">", "<=", "<", "between", and "between (inclusive)" for diverse analysis.
Historical Analysis: Assess occurrences over a customisable period.
Visual Representation: Displays instances graphically on the chart with customisable colours.
Summary: Provides a summary label for a quick understanding of the analysed data.
USE-CASES
Pattern Recognition: Identify patterns or trends based on user-defined price criteria.
Threshold Analysis: Quantify occurrences of prices crossing or staying within a specified range.
Strategy Testing: Evaluate historical performance of strategies relying on specific price conditions.
Behavioural Insights: Gain insights into price behaviour by counting occurrences of interest.
The "Threshold Counter" indicator offers a flexible and visual approach to studying price action, which may aid in making decisions based on historical data.
IMPORTANT CONSIDERATIONS
Period selection: The effectiveness of the analysis may be influenced by the choice of the lookback period. Consider an appropriate duration based on the strategy or pattern being analysed.
Comparator Selection: Comparison operator selection will obviously affect the results. There are two range operators of `between` and `between (inclusive)`. The latter will add closing prices that exactly meet the threshold and upper bound. The former does not.
Visualisation: Interpretation of the visual representation is colour-coded.
Red is threshold condition is not met.
Green is threshold condition is met.
Aqua is outside of the lookback period.
User Discretion: This script relies on historical data and should be used with caution. Past performance is not indicative of future results.
Supplementary Analysis: Trading decisions should not rely solely on this script. Users should exercise judgment and consider market conditions.
Period Candle CounterThis is a very simple utility indicator.
Shockingly nothing similar was available and I really needed something to quickly count period lengths by candles (to make adjustments to indicators based on a desired lookback timeframe), so I created this.
I thought I would share it because chances are if I needed something like this, other people may need it, too.
What it does:
Its really simple and this really truly is just a utility indicator that gives you raw information to make adjustments to other indicators. It just counts the number of candles in a user defined period of time.
It will count the number of red candles, green candles and then display the total candle count.
It will also display in percent (i.e. 52% green candles vs 48% red candles, etc.).
Its point and click, so once launched you just click the area you want to start the count and click the area you want to end the count.
Purpose:
Personally, I use it to make adjustments to timeframe lengths on indicators that look at averages and also on my time series indicator. If I want the price average or range for a specific period in time (say, the past 1.5 days of an uptrend), I will use this to count the candles in that period so that I can manually adjust whichever indicator to the correct lookback length, as most indicators are adjusted by candle length (i.e. 1 candle, 2 candles, 3 candles, etc.)
And that's it, pretty straight forward. Honestly pretty boring but its actually really pivotal for me to make adjustments to certain indicators.
Hope you find it helpful, too!
Safe trades!
Pip CrosshairsThis is a simple tool designed to help you visualize your stop loss and take profit levels before entering a trade. The tool plots two lines on the chart - a green dotted line for take profit and a red dotted line for stop loss (similar to the price line) - with a simulated default spread of one pip factored in. The indicator has the option to toggle between long and short positions.
Please note that the spread used in the tool is not based on your actual spread and should be adjusted accordingly. As, to the best of my knowledge Pine Script does not have the ability to automatically include spread in an indicator, so you will need to input your spread manually. (if you can please let me know cause that would be a game changer).
Overall, should help save you a bit of time by not having to manually measure stop loss and take profit levels for each trade.
Happy hunting :)
Highest/Lowest value since X time ago, various indicatorsThis script will count the bars back since the last time the current bar indicator value was either this low or this high.
It will provide the time in either, seconds, minutes, hours, days, weeks, months, or years.
please note:
There are currently no alerts setup for this script.
the length options only apply to the sources that have the "(MA)" in their name.
There is a horizontal line display issue which corrects once you adjust the amount of sources you want to use.
Once you select the amount of sources you would like to use, align the indicator so the horizontal lines match up with the table lines.
If find any bugs in the script, let me know.
VPT Timeleft v.10Timeleft counter for candle in minutes. It will countdown the time left for a candle to close and display near the running candle.
Close Counter HistogramAn interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram.
It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close.
In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing.
Disable the EMA smoothing and you'll see the real deal (pure counter).
The higher the GREEN columns the more higher closes and the lower the RED columns the more lower closes.
In case columns are declining above 0 a more darker green will appear.
In case columns are declining below 0 a more darker red will appear.
Supports bar coloring (disabled by default).
Feel free to comment and Like if you like.
Enjoy :)
Advancing Declining OscillatorYet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings.
If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED.
Optional to smooth it by EMA (true by default).
Like if you Like and Enjoy!
Candle counterI've created a simple red/green candle counting script with a custom number of candles to look back on.
Let me know if any bugs, issues, or suggestions.
How To Limit n Round Trips Per Day [Alerts]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 understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Katana Gaps Bounty Hunter (Show Gaps Counter) by RRBKatana Gaps Bounty Hunter (KGB_Hunter) by RagingRocketBull 2018
Version 1.0
This indicator shows/counts/filters gaps on a chart
There are several versions: Simple, Pro and Zones. This is the Simple version. The Differences are listed below.
- Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps, and high volume gaps
- Pro: +shows all types of gaps, multi color, more filters (time gaps, doji, etc)
- Zones: +shows gaps as dynamic horiz zones
Features:
- highlights gaps using barcolor and plotchar chars (2 colors x 2 dirs)
- can show/hide gaps/chars based on gap dir
- changes color of gaps/chars based on gap dir
- displays chars above/below bar based on gap dir
- can filter out price gaps, large gaps, and high volume gaps
- counts all filtered gaps
Good Luck! Feel free to reuse the code and make it your own
[RS]Swing Charts V0 Trend Counter V0EXPERIMENTAL:
wave counting using swing charts, use at your own discretion.
[NM] Reversal Candles v01Reversal candles are a very easy way to identify a turn in trend, this indicator has some specific additional conditions for the reversal candle.
BUY Signal reversal candle
Low of current candle exceeds low of previous candle
Low of current candle is lowest for last 7 candles
High of current candle exceeds high of previous candle
Close of current candle is in the upper 50% of the range of this candle
SELL Signal reversal candle
High of current candle exceeds high of previous candle
High of current candle is Highest for last 7 candles
Low of current candle exceeds low of previous candle
Close of current candle is in the lower 50% of the range of this candle
How do I trade it ? (example buy signal)
Wait for close of the candle and the BUY signal
Put a buy stop entry 5 pips above the high of the candle
Put a stop loss 5 pips below the low of the candle
Calculate difference between entry and stop loss and set your target that number of pips above the entry for a 1:1 RR trade*
Wait for your your target or stop loss to be triggered
* Alternatively, you can take 50% of the profit at the 1st (1:1 RR) profit target, move your stop to break even and let the rest of the position run for a higher potential profit.
Further advice on use
Personally I always look for some additional confirmation like a support or resistance level, a bounce of the EMA or a fibonacci level, but please feel free to add additional filters to make the strategy even more effective. I would strongly advise to backtest your strategy first so you can fine tune it and have confidence in trading it. Forward testing on a demo account before going live, although it takes longer, can be a worthy alternative. Works better on higher time frames.
How do you use it ?
Please leave a note in the comment section below to let me know if you use the indicator and how. There's definitely not just one way to use the indicator so I'm curious about your feedback.
To apply the script to your chart, just add it to your favourites so you can easily find it in the Indicators list.
Kindly leave me a thumbs up if you like this indicator or support my work, and do not hesitate to visit my other indicators. Thanks for your visit
[RS]Price Linear Sequence CounterSimple green/red sequence counter, also gives current highest achieved sequence(black lines).
