Simplified candlesticks tracks sticks for their body and wick - For Long bars sticks ( LS ) tracks and marks them on down trend as continuation and reversal if moves appositive direction. - For largest wicks on ends marks as regular Doji - For large wicks and medium body marks as possible consolidation - For only bottom bigger wick as bears weakness if trend...
A simple indicator that calculates the sum of 'Up'(green), 'Down'(red), and 'Doji'(near Doji) candlesticks and portrays the same in an allocation format in percentage. And since it is allocation-based, the total will never exceed 100% of the defined Length period. The equation is Green + Red + Doji = Total Candles; where total candles = length When calculating...
This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book. The indicator does not suffer from repainting. I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it. Although the patterns have some statistical edge in the markets,...
This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart. Options available for trend detection, lookback period, and selecting candle pattern. Please...
█ OVERVIEW This script is built to search for 8 different Doji candlestick patterns in markets and makes them appear on screen with bar coloring and creating color-coded labels/shapes. It will identify the following variants based upon user input for various rules to abide by: Gapping Up Gapping Down Gravestone Dragonfly Long-Legged Rickshaw Man ...
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
A script to identify possible trend reversal based on Candlesticks. The correct candlestick type is identified by the relative position to Exponential Moving Average. It detects: - Hammer - if emerges during a downtrend (close below EMA(5)), the downtrend should end. - Hanging Man - if comes after a advance (close above EMA(5)), the uptrend should...
This script would find the 8 famous "Japanese Candle Stick Patterns" in your chart. Please be aware it find patterns in "Potential price zones" only, which help you to avoid none-important patterns during a price trend. I used RSI and ATR in my codes to find best candle forms and price conditions. Bellow patterns are detecting: Hammer | ShootingStar | Engulfing...
Hello Traders, Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script. What are these candlestick patterns? Tweezers : - A tweezers...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
TrustedSignals Dojji Scalper is our most basic trading algorithm. It is based on Candle Patterns that show potential market reversal points. The script has 3 different types of signals, which can be individually turned on and off: - Doji signals, based entirely on the Doji candle pattern and 2 Strong and Weak candle reversal patters As a bonus, we have included...
Note: This is a script that synthesizes a number of popular price action and candlestick patterns along with a trading strategy based on horizontal support and resistance. Scripts are used for learning and research purposes. Useage: Support and resistance are two important areas in Price Action analysis and trading. After confirming the support and resistance...
A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It's formed when the asset's high, open, and close prices are the same. The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open...
This is a simple Scalping Strategy based on custom Candle Patterns The script mainly identifies reversal patterns and signals them on the chart. All chart signals can be setup as live alerts ! It works well on literarly any Pair/Timeframe
A scanner for detecting Doji Candles. Adjust the maximum allowable height of a Doji Candle's body, depending on the currency pair or asset.
Candlestick Patterns - Candlesticks are graphical representations of price movements for a given period of time. - There are candlestick patterns that try to predict the final direction, caused by pressure between buyers and sellers. As a general recommendation, use the candlestick patterns in the same direction of the current trend (continuations), for...
Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...
This script gives you grey crosses above or below the candles when it spots a doji canldle. We have been able to code in alerts:)