I am not certain if something similar is already available out there. However, here's my own implementation of my simple idea of using the length of the candle-body, or wicks (high-low), to derive a Relative Volatility Index / Oscillator.
In summary: When the R.CVI is significantly positive, it indicates a sudden increase in volatility; whereas, when the R.CVI...
this study is another script based on the candlestick pattern. there are a few filters implemented to be applied to the output result to clear out noises. it sounds like finding real Dark Cloud Cover instances are too rare (interesting though!).
Dark Cloud Cover
it is a bearish reversal candlestick pattern where a down candle (typically bearish) opens above the...
This script shows you where a candle is either bullish or bearish engulfing the previous candle.
A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle
A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle
Hi everyone!, this Script is the first in my series of candlesticks indicators. Currently it supports only a few, but it´s quite strict about them, contrary to most scripts I do thorough calculations to avoid false signals, if you would like to soften the indicators so it generates more signals feel free to ask.
It uses the same interface for showing as the...
Plots the live non-repainting candles for a higher time interval than the chart interval.
Configuration of the look and feel of the MTF candles.
Live candles update as the price action evolves for the session.
Historical candles can be toggled on/off.
Includes a moving average ribbon that is also MTF, matching the interval chosen.