Dead Simple Heikin Ashi Candles (HA Candles)Are you looking for a dead simple calculation of the Heikin Ashi candles as they are calculated in tradingview? Here it is!
I was looking through the library and I saw that many have come up with a lot of awesome scripts using heikin ashi candles. But, I can't find anywhere that had the straightforward simple version of how Tradingview calculates them. This was a problem for me because I realized after punching the formula in that TradingView doesn't calculate HA candles in the original way.
You might say they don't calculate them the "right" but, spoiler alert, there is no right in trading. You can only be rational or irrational as you make money or lose money.
This is useful to me for building out some portions of an algo that are not going to be compatible with the built-in function. It happens. So, if you were looking for it too, hopefully it saves you some time.
For reference the original calc of HA candles is:
o = (prev_HA_open + prev_HA_close) / 2
h = math.max(high, ha_open, ha_close)
l = math.min(low, ha_open, ha_close)
c = ohlc4
Trade Well.
在腳本中搜尋"candle"
% Change CandleThis script creates a trading indicator that shows how much the price of a financial instrument (like a stock or currency) changes within each trading period, represented by candles on a chart. Each candle shows the range of prices from the highest to the lowest within a specific time frame.
The indicator calculates the percentage difference between the highest and lowest prices for each candle. If the closing price of the candle is higher than the opening price, suggesting that the price has gone up during that period, the indicator will display this percentage increase as a green line. Conversely, if the closing price is lower than the opening price, indicating a price decrease, it will display the percentage decrease as a red line.
In simple terms, this indicator provides a visual way to see how much and in which direction the price is moving during each trading period, with green lines showing periods of price increase and red lines showing periods of price decrease.
FalconRed 3 Candlestick LevelsThis Pine Script indicator is designed to enhance price action analysis by identifying specific candle patterns that signal potential buying and selling levels. The analysis is based on the characteristics of the current candle and its two immediate predecessors.
For identifying buying levels, the script examines the wicks of the candles, highlighting areas where buying and selling struggle is evident. The indicator recognizes significant breaks above wick levels, especially when followed by a subsequent candle with a lower wick. This combination suggests that previous selling pressure has been challenged and overcome.
Buy breakout and retest levels are highlighted with green color, providing a clear visual indication of potential buying opportunities. The indicator draws horizontal lines that extend to the right, offering insights into the frequency of retests and the recurrence of similar patterns in specific price zones, thereby confirming and reinforcing the observed price action.
Similarly, the indicator scrutinizes the selling side, pinpointing breakdown and retest levels. These areas are highlighted with red color, aiding in the identification of potential selling opportunities.
This indicator serves as a valuable tool for analyzing price action levels and visualizing buying and selling areas. It can be effectively combined with other technical indicators to enhance confidence in trading decisions. Gain deeper insights into market dynamics and improve decision-making by integrating this candle pattern analysis indicator into your trading strategy.
Price-Action Candles (Lower)What is a swing high or swing low?
Swing highs and lows are price extremes. For example say we set our swing length to 5. A candle that is a swing high with a swing length of 5 will have 5 bars to the left that are lower and 5 bars to the right that are lower. A candle that is a swing low with a swing length of 5 will have 5 bars to the left that are higher and 5 bars to the right that are higher.
How is the trend coloring calculated?
The trend coloring is calculated the exact same way as our trend candles study... by storing and comparing historical swing lows and swing highs.
The pinescript code goes as follows:
The pinescript code goes as follows:
var int trend = na
trend := ((hh and high >= psh) or close > csh) ? 1 : ((ll and low <= psl) or close < csl) ? -1 : lh or hl ? 0 : trend
What does that gibberish mean?
-Trend can be GREEN IF
- We have a higher high (current swing high is greater than the previous swing high) and the high is greater than the previous swing high
- OR The current close is greater than the current swing high
-Trend can be RED IF
- We have a lower low (current swing low is less than the previous swing low) and the low is less than the previous swing low
- OR The current close is less than the current swing low
-Trend can be YELLOW IF
- We have a new swing high and the new swing high is less than the previous swing high
- OR We have a new swing low and the new swing low is greater than the previous swing low
If none of the conditions above are true then we continue with whatever color the previous bar was.
What is repainting?
Repainting is "script behavior causing historical vs realtime calculations or plots to behave differently." That definition comes directly from Tradingview. If you want to read the full explanation you can visit it here www.tradingview.com . The price-action candles use swing highs and swing lows which need bars to the left (past) and bars to the right ("future") in order to confirm the swing level. Because of the need to wait for confirmation for swing levels the plot style can be repainting. The Price-Action Candles (Lower) indicator, or this indicator, has no repainting anywhere. We opt to not shift back the candle coloring which causes the repainting, but it is relevant to discuss since this indicator's sibling (Price-Action Candles) can have repainting labels.
Repaint
Here the labels are shifted back the price-action length. Repainting is not present in the Price-Candles (Lower) study, but can be found in this indicator's sibling (Price-Action Candles).
Non-Repaint
Here the labels are not shifted back or "repainted". Repainting is not present in the Price-Candles (Lower) study, but can be found in this indicator's sibling (Price-Action Candles).
Multi-timeframe Analysis
The users can view multi-timeframe historical price action trend via this lower study. Each timeframe is plotted as its own on the lower pane and you can determine what timeframe it is by the label next to the plot.
More examples
Pair the Price-Action Candles (Lower) indicator with our main price indicator that colors candles based on trend and can show price action labels.
Price-Action CandlesWhat is a swing high or swing low?
Swing highs and lows are price extremes. For example say we set our swing length to 5. A candle that is a swing high with a swing length of 5 will have 5 bars to the left that are lower and 5 bars to the right that are lower. A candle that is a swing low with a swing length of 5 will have 5 bars to the left that are higher and 5 bars to the right that are higher.
How are the trend candles calculated?
The trend candles are calculated by storing and comparing historical swing lows and swing highs.
The pinescript code goes as follows:
The pinescript code goes as follows:
var int trend = na
trend := ((hh and high >= psh) or close > csh) ? 1 : ((ll and low <= psl) or close < csl) ? -1 : lh or hl ? 0 : trend
What does that gibberish mean?
-Candle can be GREEN IF
- We have a higher high (current swing high is greater than the previous swing high) and the high is greater than the previous swing high
- OR The current close is greater than the current swing high
-Candle can be RED IF
- We have a lower low (current swing low is less than the previous swing low) and the low is less than the previous swing low
- OR The current close is less than the current swing low
-Candle can be YELLOW IF
- We have a new swing high and the new swing high is less than the previous swing high
- OR We have a new swing low and the new swing low is greater than the previous swing low
If none of the conditions above are true then we continue with whatever color the previous bar was.
What is repainting?
Repainting is "script behavior causing historical vs realtime calculations or plots to behave differently." That definition comes directly from Tradingview. If you want to read the full explanation you can visit it here www.tradingview.com . The price-action candles use swing highs and swing lows which need bars to the left (past) and bars to the right ("future") in order to confirm the swing level. Because of the need to wait for confirmation to for swing levels the plot style can be repainting. With the price-action candles indicator the only repainting part of the indicator is the labels. The price-action candles themselves WILL NOT REPAINT. The labels however can be set to repaint or not depending on the user preference. If the user opts to use repainting then the label location is shifted back by the length of the price-action. So if the "Price-Action Length" input is set to 10, and the user wants repainting, the swing high/low label will be shifted back 10 bars. If the user opts for no repainting, the label will not be shifted and instead show on the exact bar the swing level was confirmed.
Examples Below.
Repaint
Here the labels are shifted back the price-action length.
Non-Repaint
Here the labels are not shifted back because the input setting is set to not repaint.
Multi-timeframe Analysis
The users can view the trend from multiple different timeframes at once with a table displayed at the bottom of their charts. The timeframe can be lower or higher than the chart timeframe.
More examples
Be on the lookout for the Price Action Candles (Lower) indicator where you can view the multi-timeframe labels on a lower price grid in order to see the history over time!
LTF Candle Insights (Zeiierman)█ Overview
The LTF Candle Insights indicator allows traders to explore the finer details of the market by integrating lower time frame (LTF) data into their current chart, offering a more detailed and nuanced view of price movements. This comprehensive visual tool is crucial for traders who want to investigate complex market trends without the constant need to switch between different chart timeframes.
In essence, this indicator overlays the smaller details into the broader frame, enabling traders to grasp the fine points while examining the larger market picture.
█ How It Works
The LTF Candle Insights indicator easily puts LTF candles onto the current chart, allowing traders to see both the current timeframe and the chosen lower timeframe candles at the same time. This dual view helps traders see the main market trends and important price levels, helping them get a better understanding of the little details and complexities of the market.
█ How to Use
Trend Analysis
Traders can use this indicator to look closely at smaller market trends by comparing LTF candles with the candles of the current timeframe. Knowing the trends in LTF helps traders make trades that go along with the small market movements.
Support and Resistance Identification
By looking at the high, low, and middle levels of LTF candles, traders can find possible support and resistance areas. This detailed look helps traders pick the best times to enter or exit trades, set up stop-losses effectively, and manage risk carefully.
█ Settings
Lower Timeframe and Candle Amount
Users can determine the lower timeframe and the number of LTF candles they wish to observe on their current chart.
Range Lines
The high/low range of the illustrated candles and the optional mid-range line can be displayed, granting insights into significant price levels and ranges.
Table Display
A summary table can be displayed, outlining details of the current chart's timeframe and the chosen LTF, providing a succinct overview for traders.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
All Candlestick Patterns Screener [By MUQWISHI]▋ INTRODUCTION :
The Candlestick Patterns Screener has been designed to offer an advanced monitoring solution for up to 40 symbols. Utilizing a log screener style, it efficiently gathers information on confirmed candlestick pattern occurrences and presents it in an organized table. This table includes essential details such as the symbol name, signal price, and the corresponding candlestick pattern name.
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▋ OVERVIEW:
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▋ CREDIT:
Credit to public technical “*All Candlestick Patterns*” indicator.
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▋ USAGE:
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▋ Final Comments:
For best performance, add the Candlestick Patterns Screener on active symbol chart like QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD or …etc.
Candlestick patterns are not a major concept to build a trading decision.
Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action.
Please let me know if you have any questions.
Thank you.
Inside Candle ViewerInside Candle Viewer
What it’s meant for:
- This indicator is used to identify inside candles that might generate an upcoming trading range
- Works best on large timeframe (Suggested from 2 days up to 1 week) and crypto asset (Index don't show much because of daily gaps)
How it works:
- It check for daily close (or the chosen timeframe), highlight inside candles and also plot trading range limits generated by inside pattern
- Trading range limits extend until candle closes are within those limits
- Usually the longer the trading range last, the stronger the following trend is when it break in any direction
Settings:
- Change color of inside bars and enable/disable from chart
- Change color of trading range and enable/disable from chart
Alerts:
- No alerts are defined at the moment
Ravi teja sreevatsav's consecutive candle
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.
Volume Candlestick Heatmap Colors [vnhilton]This indicator colours candles based on their volume for a set period of time. The highest volume & lowest volume in this period are set by 2 colours, & any candle with volume inside the range will have a colour based on the gradient created by the 2 colours. Ability to hide the candle body, wick, border if preferred (Hide candlestick body, wick, border, through the settings if applicable). Features 20 pre-set themes + ability to set your own custom theme.
Anamnisar; Aubergine; Between The Clouds; Bichrome
Bora Bora; Candy; Cherryblossoms; Dracula
Dance To Forget; Fresh Turboscent; Friday; Frozen
Miaka; Minnesota Vikings; Misty Meadow; Monochrome
Neon Life; Purple Bliss; Purple Paradise; Sea Blizz
Shore; Sky; Starfall; Superman
Talking To Mice Elf; The Strain; Winter; Vasily
Candle Fill % MeterFor use with Hollow Candles
Fills Candles based on either the value of the RSI or coppock scaled to fit properly between the open and close. Makes for a compact visual with lot's of information given. Toggle bells and whistles in settings such as arrows to indicate the direction of the value being measured, dividing levels, fill from candle open all the time instead of the bottom up and more.
Equivolume - volume as candle widthDo price action and volume really need to be on separate graphs? Why not display them both on a single graph and reduce the clutter? Presenting Equivolume candles here on TradingView - inspired by the NinjaTrader implementation
This indicator allows you to view traditional OHLC candles but with the additional ability to see relative volume through variations of width and/or transparency
Explanation
- Wide and/or full colour candles have the highest volume
- Thin and/or highly transparent candles have the lowest volume
- The following diagram shows the Equivolume indicator as well as a traditional volume graph along the bottom. You can see that when the volume is highest, the candle is widest and also the most intense color.
- The `Lookback candle count` user parameter specifies the number of candles to use in order to locate the highest volume within that range. All other candle widths in the range will be adjusted relative to this highest volume
Tips
- Toggle off the visibility of the original graph for the instrument to get the best view of the candles when using variable transparency
Gotchas
- Due to a Pine Script limitation a maximum of 500 variable width candles can be drawn on the chart
- If `Lookback candle count` is higher than the total number of available candles for the instrument, then the indicator will fail and not display anything. I’m still investigating how to handle this case better
- Be aware if you are using the `High` setting for the `Transparency range` parameter, candles with the lowest volume will be virtually invisible
Leg/Base & GAP CandlesThis script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone.
This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw.
This script is most beneficial for TradeLegend students.
This script is originally made by me, and no code has been modified or copied from anywhere else except Pinescript documentation.
Dynamic Volume CandlesThese candlesticks fill with opacity based on the significance of the volume compared to the volume's EMA.
Candlestick Patterns by Dipak V2I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming versions.
This script is for only learning purpose and not for treading realtime. In this script, it only identifies the pattern and does not check for its confirmation or does not provide any stop-loss, Also it does not check the prior trend before the pattern. These things really matter in the live trade. But in future, I am planning to add these things.
If you like my work, please like or comment your ideas I will try to include those in upcoming versions.
Hanging Man:
Hanging man is a bearish reversal candlestick pattern that signals about the uptrend or advancing phase are over and bulls have lost their control. Color of the candle is not important.
Identity:
1) Comes after a significant up rally or uptrend or advancing phase.
2) Small real body at the top.
3) Long lower shadow at least twice the real body.
4) Very small or no upper shadow.
Confirmation:
Immediate next candle’s close should be below the hanging man’s real body.
StopLoss:
There is a potential resistance level above the top of the hanging man. Stoploss should be above the resistance area or at the high of the hanging man.
Hammer:
Hammer is a bullish reversal candlestick pattern that signals about the downtrend or declining phase are over and bears have lost their control. Color of the candle is not important.
Identity:
1) Comes after significant down rally or downtrend or declining phase.
2) Small real body at the top.
3) Long lower shadow at least twice the real body.
4) Very small or no upper shadow.
Confirmation:
Immediate next candle’s close should be above the hammer’s low.
StopLoss:
There is a potential support level below the low of the hammer. Stoploss should be below the support area or at the low of the hammer.
Note: The candle is the same for Hanging Man and Hammer , Difference is where they appear in the uptrend or in the downtrend that makes the real difference.
HTF Candlestick Patterns [TradingView] vX by DGTCandlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting.
It’s important to note that candlestick patterns aren’t necessarily a buy or sell signal by themselves. They are instead a way to look at market structure and a potential indication of an upcoming opportunity. It is always useful to look at candlestick patterns in context like any other market analysis tool and candlestick patterns are most useful when used in combination with other techniques. There are countless candlestick patterns that traders can use to identify areas of interest on a chart, where some candlestick patterns may provide insights into the balance between buyers and sellers, others may indicate a reversal, continuation, or indecision.
Reversal patterns are quite useful when used in context. Reversal patterns should form at the bottom of a downtrend or at the top of an uptrend. Otherwise, they are not a reversal patterns, but continuation patterns. Most reversal patterns require confirmation such as price move in the direction of reversal accompanied by appropriate trading volume. The reversal patterns can further be confirmed through other means of traditional technical analysis—like trend lines, momentum, oscillators, or volume indicators—to reaffirm buying or selling pressure. The patterns themselves do not guarantee that the trend will reverse. Investors should always confirm reversal by the subsequent price action before initiating a trade.
This study implements some of the most commonly used candlestick patterns in a context with directional movement indicator. On request users can adjust the strong trend threshold from dialog box, eighter can disabled correlation with directional movement indicator. To add additional sight to analysis the simple moving averages of 20, 50, 100 and 200 periods are added (configurable)
You may add additional indicators of your choice. Colored DMI, BB Cloud or Price Distance to its MAs may help
Enjoy it!
Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd tradingview user liable for any possible claim for damages arising from any decision you make based on use of the script
counting candles v2This script shows via the oscillator window, how much red and green candles where shown - looking back a given number of candles.
The number of candles to look back is 10 by default, but can be changed in the indicator settings.
The red line indicates the number of red candles, while the green line shows the number of green candles.
Candlestick Trend Indicator v0.5 by JustUncleLRequested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
Also added a Price Action candle for "Last Fractal S/R Break", this also a good continuation indication.
Added option to select a different moving average types for directional MA line.
Modified some default settings, using HullMA instead of Zero Lag EMA and standard MACD settings(12,26,9).
Description:
This is a trend following indicator and alert for Binary Options based on Candlestick patterns and trend line -
NOTE: original system was a forex trading system.
This code combines a number of indicators to create an overall trading strategy.
The indicator recognises and displays some useful candle named defined patterns that are used to support trend continuation:
Bearish + Bullish PinBars
Dark Cloud Cover
Piecing Line
Bullish + Bearish Harami
Bullish + Bearish Engulfing Candle
Bullish + Bearish Last Fractal S/R break
Also recognises main Price Action candles from ChrisMoody (CM), the four(4) price action patterns are colored coded bars:
Yellow = Inside Bar - breakout/continuance
Orange = Outside Bar - breakout/continuance
Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
Red/Green = Possible reversal PinBars - Reverse Down / reverse Up
The highlighted candles (maroon and darker green) represent the defined PA patterns that have been confirmed following the current trend direction that is indicated by the Hull MA(20) line (can select a different type of MA, or even disable) and confirmed by MACD direction (can be disabled). The confirmed Alerts are indication by green (buy) and red (sell) dots at the bottom of the chart. An alert is generated from this selection for the alert condition of the alarming system.
The fractal upper/lower break lines are also draw, if the (optional) last fractal break line is broken by a highlighted bar then this indicates a stronger trend conformation.
The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.
This multi-indicator set up is suitable for 1hr, 4hr and daily charts with 1-4 candle expiry.
References and Inspiration from:
Fractal Levels by RicardoSantos
Almost Zero Lag EMA
Candlestick Patterns With EMA by rmwaddelljr
CM_Price-Action-Bars by ChrisMoody
www.forexstrategiesresources.com
"Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"
Abusuhil Bullish Candles (Label + Table)Abusuhil Bullish Candles is a pattern recognition indicator designed to identify key bullish reversal candlestick formations including Hammer, Bullish Engulfing, Morning Star, Piercing Line, Three White Soldiers, and Three Inside Up.
The script includes optional filters such as Stochastic and Volume Confirmation, providing more precise signal detection.
Each pattern and filter is fully customizable via settings. Alerts are also included to support active trading workflows.
This script was written originally and does not copy open-source indicators. It's ideal for traders seeking visual clarity on bullish opportunities with professional-grade logic.
مؤشر الشموع الصعودية هو مؤشر احترافي يكتشف أبرز نماذج الانعكاس الصعودي في الشموع اليابانية مثل: Hammer، Bullish Engulfing، Morning Star، Piercing Line، Three White Soldiers، و Three Inside Up.
يوفر المؤشر فلاتر إضافية مثل فلتر Stochastic وفلتر الفوليوم لتعزيز دقة الإشارات. جميع الإعدادات قابلة للتعديل بما يتناسب مع احتياج كل متداول.
يحتوي المؤشر أيضًا على تنبيهات تلقائية لدعم استراتيجيات التداول اللحظي. تمت برمجة المؤشر من الصفر ويعتمد على منطق خاص غير منسوخ من سكربتات مفتوحة المصدر.
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🇸🇦 التحديثات – النسخة الجديدة (Abusuhil Bullish Candles)
✅ تم تغيير الملصقات بشكل أوضح: باستخدام دوائر ملونة أسفل الشموع بدلًا من المربعات لتفادي التراكب.
🟦 إضافة جدول تفاعلي على الشارت يعرض أسماء النماذج وألوانها المخصصة.
🎨 إمكانية تغيير ألوان كل نموذج من الإعدادات حسب رغبة المستخدم.
🧩 تفعيل/تعطيل كل نموذج على حدة من خلال إعدادات منفصلة.
🔔 إضافة تنبيه احترافي واحد يتم تفعيله عند تحقق أي نموذج نشط من النماذج المحددة.
📋 توافق كامل مع سياسة TradingView:
لا يحتوي على أكواد منسوخة أو مبنية على مؤشرات داخلية.
لا تكرار للوظائف أو العناوين.
وصف واضح مع تحكم كامل للمستخدم.
🇬🇧 Updates – Latest Version (Abusuhil Bullish Candles)
✅ Clearer Signal Labels: Now uses colored circles under candles instead of labels to avoid overlapping.
🟦 Interactive Table showing pattern names and user-defined colors.
🎨 Customizable colors for each candlestick pattern from the settings menu.
🧩 Toggle each pattern independently using dedicated checkboxes.
🔔 Single professional alert condition that triggers only when any enabled pattern is detected.
📋 Fully compliant with TradingView's publishing policy:
No reused or built-in indicator code.
No duplicated logic or misleading titles.
Clean and modular design with full user customization.
8:15 AM 15-min Candle Box on 5-min Chart with TP and SLThe “8:15 AM 15-min Candle Box on 5-min Chart with TP and SL” indicator is a custom-built Pine Script tool for breakout trading strategies, particularly tailored for assets like NASDAQ Futures (NAS100) during the U.S. market pre-open.
🔍 What It Does:
Tracks the 8:15–8:30 AM Central Time (CDT) Candle:
It marks the high and low of the 15-minute candle that starts at 8:15 AM (CDT).
The box visually outlines this price range.
Draws a Breakout Box:
At 8:30 AM, a box is drawn from the 8:15 candle’s high and low.
The box stretches forward 8 hours into the session, helping you visualize price interaction with that range.
Detects Breakouts:
If the price closes above the high, it signals a buy breakout.
If it closes below the low, it signals a sell breakout.
Automatically Calculates TP and SL:
Take Profit (TP): 50 pips from the breakout level in the direction of the trade.
Stop Loss (SL): 40 pips in the opposite direction.
Pips are calculated using the symbol’s minimum tick size.
Color Feedback:
Box turns green on a buy breakout, red on a sell breakout.
If TP is reached, the box turns black.
If SL is hit, the box turns purple.
🧠 Why Use This Indicator:
Perfect for pre-market breakout traders who want a visual confirmation of price action around the U.S. market open.
Provides a clear entry range, trade direction, and risk/reward visual cue.
No manual drawing — everything is automated daily based on reliable timing.
Would you like a version with alerts or plotted TP/SL lines as well?
IU Inside out candlestick patternIU Inside Out Candlestick Pattern
This indicator identifies the Inside Out Candlestick Pattern — a unique 3-bar price action setup that captures strong market momentum and potential reversals with greater reliability than traditional patterns.
Pattern Logic:
The Inside Out pattern builds upon a classic engulfing setup by adding a breakout confirmation, making it a refined and filtered approach to candlestick analysis.
Bullish Inside Out Logic:
- Bar must be a bullish engulfing candle (engulfs previous bearish candle).
- Current bar must be bullish and must close above the high of the engulfing candle (a bullish breakout).
- When this setup is confirmed, a shaded green box is drawn around the range of the engulfing candle and its preceding bar.
Bearish Inside Out Logic:
- Bar must be a bearish engulfing candle (engulfs previous bullish candle).
- Current bar must be bearish and must close below the low of the engulfing candle (a bearish breakdown).
- When confirmed, a red box highlights the zone formed by the engulfing candle and its prior bar.
Why this is unique:
Unlike conventional candlestick indicators that trigger signals immediately after an engulfing pattern, this script adds a breakout condition to validate follow-through strength. This reduces false positives and gives traders a clearer edge. The pattern is also rare, which means it captures strong, decisive moves when it does appear.
How users can benefit:
- High-quality entries: Only shows patterns with proven follow-through, improving trade timing.
- Visual clarity: Boxes and labels highlight significant price zones for easy interpretation.
- Flexible use: Applicable across timeframes and instruments — ideal for both intraday and swing traders.
- Alerts included: Real-time alerts help traders stay updated without staring at charts all day.
This script is a powerful tool for price action traders looking to enhance pattern reliability and signal strength through structure-based breakout confirmation.
Candle Trend PowerThe Candle Trend Power is a custom technical indicator designed for advanced trend analysis and entry signal generation. It combines multiple smoothing methods, candle transformations, and volatility bands to visually and analytically enhance your trading decisions.
🔧 Main Features:
📉 Custom Candle Types
It transforms standard OHLC candles into one of several advanced types:
Normal Candles, Heikin-Ashi, Linear Regression, Rational Quadratic (via kernel filtering), McGinley Dynamic Candles
These transformations help traders better see trend continuations and reversals by smoothing out market noise.
🧮 Smoothing Method for Candle Data
Each OHLC value can be optionally smoothed using:
EMA, SMA, SMMA (RMA), WMA, VWMA, HMA, Mode (Statistical mode) Or no smoothing at all.
This flexibility is useful for customizing to different market conditions.
📊 Volatility Bands
Volatility-based upper and lower bands are calculated using:
Band = price ± (price% + ATR * multiplier)
They help identify overbought/oversold zones and potential reversal points.
📍 Candle Color Logic
Each candle is colored:
Cyan (#00ffff) if it's bullish and stronger than the previous candle
Red (#fd0000) if it's bearish and weaker
Alternating bar index coloring improves visual clarity.
📈 Trend Momentum Labels
The script includes a trend strength estimation using a smoothed RSI:
If the candle is bullish, it shows a BUY label with the overbought offset.
If bearish, it shows a SELL label with the oversold offset.
These labels are dynamic and placed next to the bar.
📍 Signal Markers
It also plots triangles when the price crosses the volatility bands:
Triangle up for potential long
Triangle down for potential short
✅ Use Case Summary
This script is mainly used for:
Visual trend confirmation with enhanced candles
Volatility-based entry signals
RSI-based trend momentum suggestions
Integrating different smoothing & transformation methods to fine-tune your strategy
It’s a flexible tool for both manual traders and automated system developers who want clear, adaptive signals across different market conditions.
💡 What's Different
🔄 Candle Type Transformations
⚙️ Custom Candle Smoothing
📉 Candle's Multi-level Volatility Bands
🔺 Dynamic Entry Signals (Buy/Sell Labels)
❗Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
VWAP + Fib + Candlestick Pattern Strategy### **VWAP + Fibonacci + Candlestick Pattern Strategy (v6)**
This indicator is designed to identify high-quality trading setups using a combination of **Anchored VWAP, Fibonacci Retracement Levels, and Candlestick Patterns**. It helps traders find optimal entry points where multiple confluences align, enhancing trade accuracy.
### **Key Features:**
✅ **Anchored VWAP** – Starts from the last pivot low (bullish) or pivot high (bearish) to determine trend strength.
✅ **Fibonacci Levels** – Uses key retracement levels (0.382, 0.5, 0.618, 0.786) for added confluence.
✅ **Candlestick Patterns** – Detects Pin Bars, Engulfing Candles, and Hammer Candles for potential reversals.
✅ **High-Quality Setups** – Highlights strong signals where price aligns with VWAP & Fib zones.
✅ **Alerts** – Get notified when a bullish or bearish setup is detected.
✅ **Risk Management** – Includes Take Profit (TP1, TP2, Final TP) & Stop Loss based on ATR.
✅ **Position Sizing** – Calculates position size based on a fixed dollar risk per trade.
### **How to Use:**
1. Apply the indicator to your chart.
2. Look for signals near Fibonacci retracement levels and VWAP.
3. Use alerts for real-time trade notifications.
4. Manage risk with built-in TP/SL and position sizing.
Perfect for traders who use **Price Action & Smart Money Concepts** to refine their entries! 🚀
