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Candlestick analysis

IBS (Internal Bar Strength) Trading Strategy for SPY and NDQImplementation by AlgoTradeKit Overview The IBS Trading Strategy is a daily bars long-only trading system, based on the concept of Internal Bar Strength (IBS). The strategy aims to identify potential reversals by monitoring how the previous bar’s close positions itself within its high-low range. It is suitable for stock and US indices. The default parameters are optimized for SPY/SPX and NDQ/QQQ Strategy Concept The Internal Bar Strength (IBS) is calculated using the formula: IBS = (Previous Close - Previous Low) / (Previous High - Previous Low) This value always lies between 0 and 1. An IBS value below 0.2 is typically interpreted as an oversold condition, while a value above 0.9 suggests an overbought state. Trading Rules - Long Entry : - Condition 1 : IBS is below the user-defined entry threshold (default is 0.2). - Condition 2 : The current price is above an N-period Exponential Moving Average (EMA) (default period is 252). - Note : You can disable the EMA condition by setting the EMA period to 0. - Long Exit - The position is closed when IBS rises above the user-defined exit threshold (default is 0.9). Customization Options - IBS Entry Threshold : Adjust to set the sensitivity for entering a long trade based on oversold conditions. - IBS Exit Threshold : Customize to define the exit point when the market becomes overbought. - EMA Period : Set the lookback period for the EMA to align with your trend bias; disable this condition by setting the period to 0. Risk Management & Trading Considerations - Designed for daily charts, the strategy captures higher timeframe trends and minimizes noise. - The entry and exit conditions are straightforward, aiming to avoid over-trading while letting clear signals dictate trade management. - Always use proper risk management techniques and test the strategy thoroughly on historical data and in a simulated environment before applying it in live markets. Disclaimer This strategy is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consider your risk tolerance before making any trades.
Pine Script™策略
由Algotradekit提供
1
Simple Raja Banks StrategyThe Raja Banks Strategy is a breakout-based trading method designed to capture significant price movements after the London and New York sessions. This strategy identifies the highest (high) and lowest (low) levels during key trading sessions and waits for a confirmed breakout using the candle’s body (not just the wick). Advantages of the Raja Banks Strategy ✅ Reduces false breakout risks by considering only candle bodies. ✅ Leverages high volatility during the London & New York sessions. ✅ Ideal for breakout traders looking to capture major market movements. This strategy is widely used by professional traders to take advantage of strong market momentum while increasing the probability of successful breakouts.
Pine Script™策略
由iqbalfarisi提供
FVG LevelsFVG Levels Indicator Description The FVG Levels indicator dynamically identifies and displays key price zones that may represent fair value gaps and order block areas, helping traders to visually pinpoint potential support and resistance levels directly on the chart. Key Features Order Block Identification: The indicator detects bullish and bearish order blocks by analyzing specific candle patterns. For bullish zones, it checks if a candle two bars ago was bullish (close greater than open) coupled with a subsequent gap condition. Similarly, bearish zones are identified when bearish candle conditions are met with an appropriate gap. Dynamic Zone Calculation: It computes critical levels such as the highest highs, lowest lows, highest lows, and lowest highs over a series of recent bars. These levels define the boundaries of potential buy and sell zones and adjust dynamically as new price data comes in. Visual Representation: Buy zones are plotted in lime and sell zones in yellow, with the indicator filling the areas between the high and low lines to create clear, shaded bands. This visual aid helps in quickly recognizing zones of potential price reaction. Chart Overlay: Designed to work as an overlay, the indicator integrates directly onto your price chart, allowing for seamless correlation between price action and identified zones. How It Works Bullish Zones: When a bullish candle (with the candle's close above its open) is detected along with a significant gap, the indicator marks the upper and lower boundaries of the bullish order block. It further refines these levels by tracking the lowest low and highest high over recent bars to enhance the zone's definition. Bearish Zones: In a similar manner, the indicator calculates bearish order blocks by confirming bearish candle conditions and corresponding gap criteria. It then updates the bearish zone levels and computes the highest high and lowest low to establish clear sell zone boundaries. Usage Traders can use the FVG Levels indicator to: Identify potential entry and exit points by observing where price may reverse or consolidate. Recognize fair value gaps or imbalances that often act as magnet points for price action. Enhance risk management by using the dynamically calculated zones to set stop-losses or take-profits.
Pine Script™指標
由Takura7提供
Live 20 ChecklistThis indicator, called "Live 20 Checklist", is a comprehensive TradingView tool that consolidates multiple technical analysis metrics into one dynamic display. It’s designed to help traders quickly assess market conditions by providing a real-time checklist of key indicators. Key Features: Moving Averages & Reversion Signals: It calculates a primary moving average (with a customizable length and type, either SMA or EMA) and measures the percentage difference between the current price and this average. By comparing this difference over a lookback period, the script generates bullish or bearish reversion signals when the price deviates significantly from the average. Trend Analysis: The indicator uses linear regression over user-defined short-term and long-term periods to determine the overall price trend direction. This helps in identifying whether the market is in a bullish or bearish phase over different timeframes. CCI (Commodity Channel Index): It computes the CCI to gauge momentum and potential overbought/oversold conditions, with color-coded outputs reflecting the strength of the current momentum. Volume Metrics: Volume trends are analyzed by comparing current volume to both short-term and long-term moving averages. It also estimates the full-day volume based on the elapsed time in the trading session and compares it to the previous day’s volume, presenting this as a relative volume (RVOL) multiple. Gap Detection: The script scans historical bars to detect bullish and bearish gaps, drawing lines on the chart to visually highlight these gaps. It further identifies the “closest gap” relative to the current price. Candlestick Pattern Recognition: A variety of candlestick patterns (such as bullish/bearish engulfing, doji, hammers, marubozu, and more) are detected, with the current pattern highlighted in the table and background color adjusted accordingly. Dynamic Table Display: All these metrics are neatly organized in a customizable table on the chart. Traders can choose which rows to display (moving average info, trends, CCI, volume trends, gap details, candlestick patterns, ATR, RVOL, and open-close difference) and adjust the table’s position, text size, and color theme. Additional Visual Tools: Besides the main moving average, an extra moving average can be plotted for additional perspective. Pivot high/low labels are also available to mark key price levels, with colors that adjust based on the selected theme. Overall, the Live 20 Checklist is a robust indicator that merges several analytical tools into one visual dashboard, enabling traders to quickly evaluate market conditions and make informed decisions.
Pine Script™指標
由asuttonebkga提供
Счёт свечей от выбраннойЭтот скрипт позволяет автоматически отсчитывать 89 и 144 свечей назад от текущей либо заданной пользователем свечи. Гибкость настройки позволяет анализировать исторические данные, отслеживать ключевые уровни и находить важные точки на графике. Незаменимый инструмент для трейдеров, использующих глубокий технический анализ! 🚀📈
Pine Script™指標
由dizirator提供
1
Breakout with Dynamic Line Color By RIYADynamic Breakout with EMA/SMA and Color Shifts This indicator is designed to help traders identify key breakout levels and visualize market trends using a combination of dynamic breakout lines and moving averages. It is highly customizable, allowing users to adapt it to their trading style and preferences. Key Features: Dynamic Breakout Line: The breakout line is calculated as the midpoint between the previous day's open and close. The line dynamically changes color based on the current candle's close: Green: If the candle closes above the breakout line (bullish signal). Red: If the candle closes below the breakout line (bearish signal). The colors for above and below the breakout line are fully customizable. EMA/SMA Line: An optional moving average (EMA or SMA) is plotted to help identify the overall trend. Users can choose between EMA (Exponential Moving Average) and SMA (Simple Moving Average). The length of the moving average is adjustable. Customizable Timeframe: The breakout line can be calculated based on any timeframe (e.g., daily, hourly, etc.). This allows users to analyze breakouts on different timeframes without switching charts. Clean and Intuitive Visualization: The breakout line and moving average are plotted with clear, customizable colors and line widths. The dynamic color shifts make it easy to identify bullish and bearish conditions at a glance. How to Use: Add the Indicator: Apply the indicator to your chart in TradingView. Customize the inputs to suit your trading strategy. Set the Timeframe: Choose the timeframe for the breakout line calculation (e.g., "D" for daily, "H" for hourly). Adjust the Moving Average: Select the MA type (EMA or SMA) and set the length (e.g., 14, 21, 50). Customize Colors: Choose the colors for the breakout line when the candle closes above or below it. Analyze the Chart: Breakout Line: Watch for color changes to identify bullish or bearish conditions. Moving Average: Use the MA line to confirm the overall trend direction. Input Parameters: Close Time Frame: Timeframe for calculating the breakout line (default is "D" for daily). MA Length: Length of the moving average (default is 14). MA Type: Choose between EMA or SMA (default is EMA). Color for Close Above Breakout: Color for when the candle closes above the breakout line (default is green). Color for Close Below Breakout: Color for when the candle closes below the breakout line (default is red). Why Use This Indicator?: Dynamic Visualization: The color-changing breakout line provides instant feedback on market conditions. Trend Confirmation: The optional moving average helps confirm the overall trend direction. Customizable: Tailor the indicator to your preferred timeframe, colors, and moving average settings. Multi-Timeframe Analysis: Analyze breakouts on different timeframes without switching charts. Ideal For: Day Traders: Identify intraday breakouts and trends. Swing Traders: Spot key breakout levels on higher timeframes. Trend Followers: Use the moving average to confirm trend direction. Example Use Case: A trader notices that the breakout line turns green, indicating a bullish signal. They confirm the trend using the EMA line and enter a long position. The breakout line remains green as the price continues to rise, providing confidence in the trade. This indicator is a powerful tool for traders who want to identify breakouts, confirm trends, and make informed trading decisions. Its dynamic and customizable features make it suitable for a wide range of trading strategies and timeframes. Disclaimer: The Dynamic Breakout with EMA/SMA and Color Shifts indicator is a tool designed to assist traders in identifying potential breakout levels and market trends. However, it is important to understand the following: Not Financial Advice: This indicator is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. No Guarantees: Trading in financial markets involves significant risk, and there is no guarantee of profits. Past performance is not indicative of future results. The indicator is based on historical data and may not accurately predict future price movements. Use at Your Own Risk: You are solely responsible for any trades or decisions you make using this indicator. The creator of this tool is not liable for any losses or damages resulting from its use. Limitations: The indicator relies on technical analysis and may not account for fundamental factors, news events, or other market-moving variables. Always use it in conjunction with other analysis tools and risk management strategies. Customization: While the indicator is highly customizable, improper settings may lead to inaccurate signals. Ensure you understand the inputs and adjust them according to your trading strategy. Test Before Use: Before using this indicator in live trading, test it thoroughly in a demo account or backtest it to ensure it aligns with your trading style and objectives. By using this indicator, you acknowledge and agree to the above disclaimer. Trade responsibly and always prioritize risk management.
Pine Script™指標
由Riya1977提供
Wick Reversal Strategy with Body ConditionThe Wick Reversal strategy identifies potential trend reversals by analyzing candlestick patterns, focusing on wick length and body closure. When a candle closes near its high or low after forming a long wick, it signals a possible reversal. A long upper wick with a close near the low suggests bearish reversal potential, while a long lower wick with a close near the high indicates bullish reversal potential. This code automates the detection of such patterns, enabling traders to capitalize on early reversal signals. By incorporating body closure direction, it enhances accuracy, providing actionable insights for both uptrend and downtrend scenarios. It is recommended to use this on 15 minutes, 30 minutes and 1hr time frames.
Pine Script™指標
由simalt提供