Description When an inside bar is found, the indicator remembers the high and low (= range) of the candle before the inside bar. As long as price moves within the range, every bar is highlighted as an inside bar to the range. Purpose The indicator can assist when identifying valid pullbacks and buy-side liquidity (BSL) / sell-side liquidity (SSL).
The Golden pattern is a three-candlestick configuration based on a variation of the golden ratio (2.618) from the Fibonacci sequence. The bullish Golden pattern is composed of a normal bullish candlestick with any type of body, followed by a bigger bullish candlestick with a close price that is at least 2.618 times the size of the first candlestick (high to low)....
This script visualizes certain key values based on a 4-hour timeframe of the selected market on the chart. These values include the High, Mid, and Low price levels during each 4-hour period. These levels can be helpful to identify inside range price action, chop, and consolidation. They can sometimes act as pivots and can be a great reference for potential...
How the Script Works: 1. The script identifies potential Head and Shoulders patterns by searching for specific pivot highs and pivot lows in the price data. 2. It checks for the presence of a left shoulder, head, and right shoulder based on the conditions defined in the script. 3. If a valid Head and Shoulders pattern is found, the script plots lines and...
Calculates the percentage of the upper and lower wick on each candle. Wicks with a percent that are higher than a set percentage (Default is 60%) are assigned a color (upper = red 🔴) and (lower = green 🟢)
This script was developed with Blockhead305 (seriously talented) and uses 1) the Three Line Strike from The Moving Average as well as 2) an original doji script written for me and 3) the Interactive Trendline as developed by Blockhead305. The basic premise is that should a doji or Three Line Strike occur within a customizable ATR distance from your trendline, an...
example: if you want to find the stronger/weaker pair between eurusd and gbpusd, what you can do is check the eurgbp charts. if eurgbp is bullish, that means, that longs longs on eurusd are better than on gbpusd. Unfortunately, there is no such thing to compare for example usoil with ukoil, or us100 with us500. That's where this indicator comes in handy. You can...
This new bar system consists of candles connected to each other with trend lines. I have defined a falling trend if the current peak is lower than the previous peak, and an rising trend if the current low is higher than the previous low. When the series of lows or highs is broken, indicating a reversal in the trend, the candles change color. This provides a...
When two consecutive same-color candles form, the indicator generates a signal at the bottom of the second green candle and the top of the second red candle.
the indicator name is Bollinger Band inside bar because it uses Bollinger Band and inside bar to take counter-trend positions in the market. whenever this pattern is formed then it can be used to take an entry into the market. the candlestick pattern recognizes 3 candle candlestick. first the mother bar i.e. the medium to the big size candle that intersects with...
Patron de Doji de cuerpo real, para el periodo de tiempo en 1 Hora para los mercaods bursatiles.
Displays candles which have volume larger than the volume moving average (14-bars). Red is for down candles and Green is for up candles, works best on a light background.
This is an original script based on a very old idea called the Benner Theory from the Civil War times. Benner discovered a pattern in pig iron prices (no clue what those are), and this turned out to be a parallel idea to indicators based on Fibonacci numbers. Because a year is 365 days (nearly 377, which is a Fibonacci number), made up of 52 weeks (nearly 55,...
The Inside Candle strategy is a popular price action trading strategy that can be used to trade in a variety of markets. Here's how you can trade the Inside Candle strategy using the Pine script code provided: 1. Identify an Inside Candle: Look for a candlestick pattern where the current candle is completely engulfed within the previous candle's high and low....
Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
This Script Shows The OHLC Of The Higher Timeframe Candles In The Background Great For Not Losing Sight Of The Bigger Picture On The Lower Timeframe
█ Overview The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified...