A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range. A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range. These candles should not be used by themselves...
Candlestick Marubozu patterns scanner with multiple settings to fine-tune the scanning.
Thank to user bnh for the idea (Hershey's Portfolio Watch) A script that shows the total or return on current assets in real time. You can view all your assets in one currency. Please refer to the comments in the script and modify them. A little script knowledge is required. Depending on the number of registered items, it may take some time. - English translated...
there are better scripts out there similar to this but just testing out my pinescript skills am still new to scripting :)
This indicator allows you to overlay candles of a different exchange over the top of your primary exchange. For example, you might be curious how Oanda's prices compare to FXCM's in realtime. You can see from the example that generally, the other exchanges swing a little further than FXCM (note this is the 1 minute chart for clarity). You can use this if you are...
This indicator will identify Spinning Tops, Dojis and Evening Stars.
HG Scalpius - Previous Bar Highlight This indicator highlights the 20th bar from the current bar and has the below applications for trading the HG Scalpius system: - Determining if trend mode off switch is triggered, failing to set a new higher (lower) close in the trend with 20 bars - Determining the highest (lowest) bar in the previous range to decide if a...
Example how to limit the number of round trips per day. If entry condition is never met logic will force a round trip at end of day. Set chart to a timeframe that is lower than 1 Day period. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and...
This off-chart indicator provides three basic and useful tools for trend trading in Bitcoin and probably other markets. Heikin Ashi candles being utilized with classic candle patterns at the same time could be considered as a conservative and safe confirmation approach for entring your position.
HG Scalpius H & SS Scan This indicator highlights hammer candles and shooting star candles based on the below definitions: Hammer = lower wick >= 2* real body and closes in top half of range Shooting Star = upper wick >= 2*real body and closes in bottom half of range hammer = (min(open,close)-low)>= (2*abs(open-close)) and close >...
Some code for detecting tweezer candles, which are reversal patterns. You'll need to tweak the settings to be either less strict (more detections) or more strict (less detections). I found that if you follow the documentation for tweezers exactly, you will get very few detections. It is possible that this candlestick has become overused, so the original pattern...
Some code for detecting the very rare occurrences of the Marubozu candle. This candle occurs when the High = Close, and Low = Open, or vice versa. They are continuation candles, so if you see a bullish Marubozu during an uptrend its possible that the uptrend will continue.
A simple script to add background colors to specific timeframes. Great for trading futures so you can separate sessions for easier viewing. Use for stocks to separate pre, open, and post market times. There are three timeframes that can be set and all colors can be modified.
A scanner for detecting Doji Candles. Adjust the maximum allowable height of a Doji Candle's body, depending on the currency pair or asset.
Custom source function for toggling traditional Candle sources or Heikin-Ashi sources on a traditional Candles chart. Thanks to PineCoders for rounding method: www.pinecoders.com Thanks to @LucF and @RicardoSantos for their advice and enlightenment as always. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or...
This script is for helping you to find bullish and bearish hammers.
Cleaning up and updating vcsWo8mh-Candlestick-Patterns-Identified-updated-3-11-15 . As I learn more candlestick patterns I'll add them in. Please post requests and any potential implementations I could port to pine script. I'm applying autopep8 as best I can for readability.
It indicates the previous week high and low. When overlaid on the daily chart, it give buy and sell signals (in the understanding you have made a trade setup). Buy when the price crosses the previous week high, sell when it crosses the previous week low.