Fun script to recognize and name candlesticks. Hamers and Highwaves and Marubozus oh my!
All candlestick names can be turned on or off in the settings since sometimes they stack close to each other and are hard to read. If you think I mislabeled any please provide me with an example of what you think it should be and I will...
Pin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction.
You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body.
With this indicator, you can set your own...
CBTV - Candlesticks Based on Traded Volume
This is the first robust implementation of volume based candlesticks (bars) on TradingView. This type of bar was describe in the book "Advances in Financial Machine Learning," written by Lopez de Prado, a well-known quant who has managed billions of dollars over...
In the spirit of freedom from oppression on this day of July 4th, 2021 in the United States, I hereby release this flagship indicator "MTF CandleLevels" into the wild for any subscribing TV member on the planet to utilize. It's now one my few great gifts to the souls of humankind within the realm of trading on TV. TradingView continues to bless Pine Script by...
This script changes the color of the candles based on uptrend (green), downtrend (red), neutral/chop (yellow). It uses an ATR and Pivots to determine the direction, or lack of. Since all markets move differently and market volatility changes, you will need to adjust the settings to find a potential match for the day. It's pretty simple to use. Just enter in the...
For this strategy I took the ALL candlestick Patterns indicator and I adapted to be able to enter a long or short position after each input selected from the list.
At the same time I applied a multiple way for exit:
With a risk management for tp/sl based on % movements of the price
At the end of the candle chosen
If you have any questions let me know
This draws candlesticks from higher time frames on the current chart. I tried to keep the script simple using some newly introduced Pine capabilities.
To change the options like the higher time frame and candle colors, check the indicator settings.
Looking forward to your opinions!
After extensive research the next candlesticks patterns I have found out to be the most profitable from the entire list of candlestick patterns.
In this case I also added a small risk management inside for TP and SL , using 2:1 reward to risk ratio , 10% TP and 5% SL.
At the same time if we dont reach either TP or SL, we exit when we meet a bearish candlestick...
simple script. enter rule is open>open =BUY_else_SELL (open means open price 1 candle ago, so basically its if price now greater than price 1 candle ago...)
exit rule is Trailing Stop.
1 trade per candle, here on daily chart BTCUSDT with binance commision included in result.
254 million percent profit....
DECP is simple and easy to use!
It detects bullish and bearish engulfing candlestick patterns.
After detecting the patterns I've said, it mentions that the pattern is going to continue its direction to up or down.
But remember candlestick patterns don't determine targets and it's possible that predicted directions fail.
So use it carefully and enjoy it!
In my price action trading principles, I normally classify the candles into four types and look for trade opportunities. The candles are classified based whether buyers or sellers is dominating, namely, Indecisive candles, Decisive candles, Counter decisive candles and Strong decisive candles. Each of these can either be buyers or sellers...
Simple script for finding Hikkake patterns in charts.
This script will:
- Identify bullish / bearish variants of the Hikkake pattern.
- Allow the user to change the color scheme for the bullish / bearish variants.
- Allow the user to specify which Hikkake patterns will be recognized by this hunter (specifically, allowing which of the three candles after the...
Have been looking at YouTube and found a few videos about Blended Candles. Couldn't find a script here so I decided to script something myself.
I have also added a couple of EMA's, saves having to put them in individually.
You can Look Back as far back as you want but I find that each time frame looks better if you keep it to multiple of the next
IE : 1 min -...
A simple script that places a bar at the bottom of the chart to indicate the direction of Heiken-Ashi candles - while still using traditional candles on the main chart. Try setting the bar on a higher timeframe to see the overall direction of the trend, while using traditional candles for entries/exits.
QFLOW SUITE is a signal-based comprehensive trading suite for trading across all timeframes. It is designed to be a tool for discretionary traders and there are numerous ways to utilize this trading suite.
Buy / Sell Signals
Automatic Level Plotting
Trend Following System
Stop Loss Management System...
This script trades basic hammer and shooting star candlestick patterns.
It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs.
It is intended to be traded on the forex markets but theoretically should work on all...
This indicator gives you the percentage movement of each candle. Measurements are taken between the candle High point and Low point, and also between the Open and Close and calculated in percent %. From there it smooths out the data with a moving average. This gives you an idea of how much volatility is within each candle given the time resolution of the chart.