Indicator which identfies a kangaroo tail as defined in the book naked forex
A kangaroo tail is defined as
- a candle where the body closes in the upper or lower third
- which has room to the left
This is a three candlestick bullish reversal pattern consisting of a bullish
engulfing pattern formed by the first two candlesticks then followed by an up
candlestick with a higher close than the prior candlestick.
WARNING:
- This script to change bars colors.
This is a three candlestick bearish reversal pattern consisting of a bearish
engulfing pattern formed by the first two candlesticks then followed by a down
candlestick with a lower close than the prior candlestick.
WARNING:
- This script to change bars colors.
Script that takes advantage of the combination of three EMAs in order to create an analytic environment conducive to momentum trading. The script will also allow candlestick patterns to show up on the chart.
The patterns in this script are:
Doji
Evening Star
Morning Star
Shooting Star
Hammer
Inverted Hammer
Bearish Harami
Bullish Harami
Bearish...
This is a script to help the beginners locate the candle patterns. It has a nice code that can be used in other scripts too. Easy to use with separated functions, simple patterns and complex patterns detections.
I have done some updates at the Candlestick Patterns Identified script by @repo32. Was a good start of my ideia. Tks for sharing repo.
It will be...
This script is designed to show you the average candle size in pips (wick to wick) for however many bars you choose (20 is default).
The idea is that if the average candle size for the last 20 bars is, let's say 25, you would probably not want to set your stop loss less than 25 because it is more likely to get hit.
if you find this script helpful, tips and...
Reynholm Pivots are used by Forex, Futures and Stock Traders to flag possible reverse points. These pivots work best on higher times such as the monthly, weekly and daily time frames. I don't recommend using Reynholm Pivots on time frames lower than the daily chart. This pivots are not "buy" or" sell" signals and should not be used for this purpose, but used in...
This indicator will:
signal a GREEN triangle if a candle opens below the EMA and closes above the EMA
signal a RED triangle if the candle opens above the EMA and closes below the EMA
Strategy:
First identify the trend (stick to one timeframe, I use 4h)
If in an UP trend, then go LONG on GREEN triangles, do not trade red triangles as that would be a...
My first Pine Script attempt to identify and display candlestick patterns on the chart. In this demo version the script identifies Doji, Bullish Engulfing and Bearish Engulfing patterns.
Helpful indicator that overlays the price with colors and arrows for understanding easily engulfing, pin bar and inside bar formations as seen in the book "The Candlestick Trading Bible" IG of writer: @price.action.strategies
How it works:
-Bullish engulfing: yellow
-Bearish engulfing: fuchsia
-Pin bars: up/down green/red arrows
-Inside bars: white circle...
A utility tool to get some metrics from the whole candles history.
Consider it as my Christmas gift to the community.
Available metrics
Starting Year
Starting Month
Starting Day
Starting Weekday
Starting Hour
Starting Minute
Highest Volume (works correctly only on the tickers with available volume data)
Lowest Volume (works correctly only on...
For aspiring price action traders, reading a candle chart at speed can be learned, but is a skill which takes years to perfect. For lesser mortals, help is required, and this is where the Quantum Dynamic Price Pivots indicator steps in to help.
As a leading indicator based purely on price action, the indicator delivers simple clear signals in abundance,...
This is a large compilation of candlestick patterns that allows the user to detect up to 42 different bullish and bearish patterns.
This script is intended to be a Pine Editor version of the one I normally used on a different platform, so your feedback is more than welcome to help me improve it, as fine tuning is ongoing.
New patterns will be added in the...
