Tradeable Candle Detection By Raja Saien

Tradeable Candle Detection By Raja Saien

Overview:

This advanced candle detection tool is designed to help traders identify high-quality trade setups and avoid fake moves, based on candle structure, volume, and RSI conditions. Unlike many indicators that are limited to specific sessions, this script works across all market sessions, giving you full flexibility to trade 24/7.

🔍 Key Features:
All Session Support (24/7 Trading)

Detects tradeable setups during any time of the day, including Asian, London, New York, and overlapping hours.

No restriction to any specific session — trade when the opportunity is there!

Fake Move Detection 🚫

Identifies candles with long wicks, small bodies, and low volume — typical signs of manipulation or indecision.

Displays a “No Trade Zone – Fake Move” label to help you avoid poor entries.

Real Move Detection ✅

Highlights candles with strong bodies, short wicks, and high volume — ideal conditions for trade entries.

Helps you focus only on high-probability, momentum-driven moves.

RSI-Based Confirmation

Uses RSI to ensure trade entries align with momentum:

Bullish Entry Allowed: Candle is bullish + RSI between 50–75.

Bearish Entry Allowed: Candle is bearish + RSI between 25–50.

Avoid Trades: RSI is overbought/oversold or showing divergence.

Divergence Detection

Detects bearish divergence in bullish setups and bullish divergence in bearish setups — warns against risky entries.

Visual Zones & Candle Highlights

Plots horizontal lines at candle highs/lows and extended zones based on candle range.

Dominant candles are highlighted in black for quick visual spotting.

⚙️ Custom Inputs:
Minimum Body Size Threshold

Wick-to-Body Ratio for Fake Move

Volume Strength Multiplier

Candle Dominance Precision (% of range)

RSI Period and Source

Optional session filter (can be turned off to enable all-session detection)

🛎️ Alerts Included:
✅ Long Entry Confirmed – Strong bullish candle with supporting RSI

✅ Short Entry Confirmed – Strong bearish candle with supporting RSI

🚫 Fake Move Detected – Weak structure + low volume, no trade

🧠 How to Use:
Wait for a dominant black candle to appear.

Read the label to understand:

✅ Green = Trade Allowed

⚠️ Orange = Avoid (due to RSI or divergence)

🚫 Red = Fake Move (stay out)

Combine with support/resistance, SMC, or price action strategy for confluence.

🟢 "Trade any session, any time – with confidence, precision, and control. Powered by Raja Saien."
Built for traders who value smart entries and reliable signals across all time zones.