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Candlestick analysis

Percentage Change per 5 Candles 🔎 What this indicator does This indicator calculates and displays the percentage change of each candlestick directly on the chart. • If a candle closed higher than it opened (bullish candle), it shows a positive % change (green). • If a candle closed lower than it opened (bearish candle), it shows a negative % change (red). • Small moves below your chosen threshold (e.g., 0.1%) are ignored to avoid clutter. • The labels are placed above, below, or in the center of the candle (you choose). So essentially, every candle “tells you in numbers” exactly how much it changed relative to its opening price. ________________________________________ ⚙️ How it operates (the logic inside) 1. Calculate the change o Formula: \text{% Change} = \frac{(\text{Close} - \text{Open})}{\text{Open}} \times 100 o Example: If a candle opens at 100 and closes at 105, that’s a +5% change. 2. Round it nicely o You can control decimals (e.g., show 2 decimals → +5.23%). 3. Filter out noise o If a candle barely moved (say 0.02%), the label won’t appear unless you reduce the threshold. 4. Style the labels o Bullish = green text, slightly transparent green background. o Bearish = red text, slightly transparent red background. o Neutral (0%) = gray. 5. Place the labels o Options: above the candle, below the candle, or centered. o Small vertical offset is applied so labels don’t overlap the candle itself. ________________________________________ 📊 How this helps traders This indicator turns visual candles into quantifiable numbers at a glance. Instead of guessing whether a move was “big” or “small,” you see it clearly. Key Benefits: 1. Quick volatility analysis o You can instantly see if candles are making big % swings or just small moves. o This is especially useful on higher timeframes (daily/weekly) where moves can be large. 2. Pattern confirmation o For example, you might spot a strong bullish engulfing candle — the % change label helps confirm whether it was truly significant (e.g., +4.5%) or just modest (+0.7%). 3. Noise filtering o By setting a minimum % threshold, you only see labels when moves are meaningful (say > 0.5%). This keeps focus on important candles. 4. Backtesting & comparison o You can compare moves across time:  “How strong was this breakout candle compared to the last one?”  “Are today’s bearish candles weaker or stronger than yesterday’s bullish candles?” 5. Better decision-making o If you’re trading breakouts, reversals, or trend-following, knowing the % size of each candle helps confirm if the move has enough momentum. ________________________________________ ✅ In short: This indicator quantifies price action. Instead of just seeing “green” or “red” candles, you now know exactly how much the price changed in percentage terms, directly on the chart, in real time. It helps you distinguish between strong and weak moves and makes your analysis more precise. ________________________________________
Pine Script® göstergesi
SupertradeOfficial tarafından
Heikin-Ashi-Candles MTFHeikin-Ashi Higher Timeframe Candles This indicator overlays higher-timeframe Heikin-Ashi candles (default: 5 minutes) onto a lower-timeframe chart (e.g., 1 minute). Instead of using standard candlesticks, it draws: Semi-transparent rectangles to represent the candle bodies. Vertical lines to represent wicks, centered on each body. Key features: Dynamic transparency: The current, still-forming higher-timeframe candle is plotted in green or red (depending on trend) with a separate, lighter transparency (default: 30) so you can easily distinguish it from completed candles. Finalization on close: As soon as a higher-timeframe candle closes, its body and wicks update to the standard transparency level (default: 50), ensuring completed candles are visually distinct. Customizable inputs: You can adjust The higher timeframe (tf) for Heikin-Ashi calculations. Body transparency for confirmed candles. Transparency for unfinished candles. Wick thickness. Use case: This is particularly useful for traders who analyze price action on lower timeframes but want to stay aware of the higher-timeframe Heikin-Ashi trend without switching charts. The fading effect on the active candle helps prevent confusion between fully formed candles and those still developing.
Pine Script® göstergesi
veegee82 tarafından
5
Ravi AlgoBot📌 Indicator Description (Publish Notes) Indicator Name: EoR / EoS Entry & SL/Target Manager (Put=Red, Call=Green) Purpose: यह indicator उन traders के लिए बनाया गया है जो अपनी manual levels (EoR, EoR+1 for Put, और EoS, EoS-1 for Call) को chart पर plot करना चाहते हैं और उनके आधार पर Entry, Stop Loss और Target manage करना चाहते हैं। How it works: आप manual prices (EoR, EoR+1, EoS, EoS-1) input fields में डालेंगे। Put levels (EoR, EoR+1) लाल रंग में दिखेंगे। Call levels (EoS, EoS-1) हरे रंग में दिखेंगे। हर price पर chart पर horizontal line + label बनेगा। आप अपने Stop Loss और Target prices भी manual डाल सकते हैं (Call और Put दोनों के लिए अलग-अलग)। जब भी price किसी entry/SL/Target level को touch करेगा: Chart पर signal shape बनेगा (triangle) एक alertcondition trigger होगा। आप TradingView में Alerts create करके इन alerts को webhook URL से connect कर सकते हैं। Example: जब EoR Put level touch हो → webhook के ज़रिए broker/bot में auto order लग जाएगा। SL और Target levels भी इसी तरह alerts से manage होंगे। Use Case: Manual level-based intraday या positional trading Automated trading setup (via TradingView alerts → Webhook → Broker API) Put/Call entry, target, SL को clearly visualize और monitor करना Disclaimer: यह indicator trading automation tool नहीं है। Actual buy/sell orders Pine Script से नहीं लग सकते। Order execution केवल TradingView Alerts और external webhook के integration से ही possible है। कृपया पहले paper-trade और test करें।
Pine Script® göstergesi
rajravi7074 tarafından
HTF Books Lines for LTF Charts ⸻ 📜 日本語説明文 HTF Books Lines for LTF Charts このインジケーターは、ゴールドの5分足に1時間足のBooksラインを表示するために作成しました。 ドルストレートの通貨ペアであれば同様に利用可能だと思います。 上位足で検出したBooksライン（買い／売り）を下位足チャートに重ねて表示し、ラインが有効である間は強調表示、無効化された際には無効化ラインとして残すことも可能です。 いずれの時間足でも使用できるため、ご自身のトレードスタイルに合わせて設定を切り替えて検証してみてください。 ⸻ 📜 English Description HTF Books Lines for LTF Charts This indicator was originally created to display 1-hour Books lines on the 5-minute chart of Gold (XAUUSD). It should also work on other USD-related pairs (major dollar crosses). The indicator plots higher-timeframe Books lines (buy/sell) directly onto a lower-timeframe chart. Active lines are displayed with strong emphasis, and once invalidated they can optionally remain as inactive lines. It can be applied to any timeframe combination, so please test and adjust it according to your own trading style. ⸻
Pine Script® göstergesi
kamikaze2090 tarafından
2
Supertrend0913This Pine Script (`@version=6`) combines **two Supertrend indicators** and a set of **moving averages (EMA & MA)** into one overlay chart tool for TradingView. **Key features:** * **Supertrend \ & \ :** * Each has independent ATR period, multiplier, and ATR calculation method. * Plots trend lines (green/red for \ , blue/yellow for \ ). * Generates **buy/sell signals** when trend direction changes. * Includes **alert conditions** for buy, sell, and trend reversals. * **Moving Averages:** * 6 EMAs (lengths 21, 55, 100, 200, 300, 400). * 5 SMAs (lengths 11, 23, 25, 39, 200). * Each plotted in different colors for trend visualization. 👉 In short: it’s a **combined trading tool** that overlays two configurable Supertrend systems with alerts plus multiple EMAs/SMAs to help identify trend direction, signals, and potential entry/exit points.
Pine Script® göstergesi
zxin0521 tarafından
Big Player Buy/Sell SignalHow It Works: Detects volume spikes over SMA of recent volume. Signals a buy if there’s a green candle near a recent swing low on high volume (possible big player accumulation). Signals a sell if there’s a red candle near a swing high on high volume (possible big player distribution). This is a proxy, not a direct measure of institutional trades, but it often works surprisingly well in liquid markets like Nifty 50 or Bank Nifty. If you want, I can make an advanced version that combines RSI, EMA, and first occurrence detection for higher accuracy in catching big player moves.
Pine Script® göstergesi
Mygugul tarafından
1
ORB + SMA + EMA + BUY/SELL by yuvaraj ORB (Opening Range Breakout) Meaning: ORB stands for Opening Range Breakout. It is a trading strategy where you watch the price movement for the first few minutes after the market opens (for example, 9:15 – 9:30 AM in India). You mark the high and low during this period. If price goes above the high, it signals a possible buy (long trade). If price goes below the low, it signals a possible sell (short trade). Why traders use it: First few minutes decide the market direction. Helps catch early momentum trades. Very popular for intraday traders (Nifty, BankNifty, Crude Oil, etc.). Example: Market opens at 9:15. First 5 minutes: High = 100, Low = 95. If price moves above 100 → Buy. If price moves below 95 → Sell. 📌 SMA (Simple Moving Average) Meaning: SMA stands for Simple Moving Average. It is the average closing price of a stock over a certain number of candles. Example: SMA 9 → Average price of last 9 candles. SMA 50 → Average price of last 50 candles. Why traders use it: Shows trend direction. SMA going up → Uptrend, SMA going down → Downtrend. You can use multiple SMAs (for example SMA 9 and SMA 50): If SMA 9 crosses above SMA 50 → Buy signal. If SMA 9 crosses below SMA 50 → Sell signal. 🔑 Key Difference: Feature ORB SMA Type Strategy (price breakout) Indicator (average price) Use Entry trigger for trades Identifies trend direction Works Best Intraday (first minutes) Any timeframe (intraday or swing) Plots ORB High/Low lines for the first few minutes Plots SMA 9/50/180 & EMA 20 Plots trailing stopline + Buy/Sell arrows Optional bar color / background color toggle Alert conditions for Buy/Sell ORB high/low lines SMA 9/50/180 + EMA 20 Buy/Sell arrows + trailing stopline
Pine Script® göstergesi
yuvarajvep tarafından
QZ Trend (Crypto Edition) v1.1a: Donchian, EMA, ATR, Liquidity/FThe "QZ Trend (Crypto Edition)" is a rules-based trend-following breakout strategy for crypto spot or perpetual contracts, focusing on following trends, prioritizing risk control, seeking small losses and big wins, and trading only when advantageous. Key mechanisms include: - Market filters: Screen favorable conditions via ADX (trend strength), dollar volume (liquidity), funding fee windows, session/weekend restrictions, and spot-long-only settings. - Signals & entries: Based on price position relative to EMA and EMA trends, combined with breaking Donchian channel extremes (with ATR ratio confirmation), plus single-position rules and post-exit cooldowns. - Position sizing: Calculate positions by fixed risk percentage; initial stop-loss is ATR-based, complying with exchange min/max lot requirements. - Exits & risk management: Include initial stop-loss, trailing stop (tightens only), break-even rule (stop moves to entry when target floating profit is hit), time-based exit, and post-exit cooldowns. - Pyramiding: Add positions only when profitable with favorable momentum, requiring ATR-based spacing; add size is a fraction of the base position, with layers sharing stop logic but having unique order IDs. Charts display EMA, Donchian channels, current stop lines, and highlight low ADX, avoidable funding windows, and low-liquidity periods. Recommend starting with 4H or 1D timeframes, with typical parameters varying by cycle. Liquidity settings differ by token; perpetuals should enable funding window filters, while spot requires "long-only" and matching fees. The strategy performs well in trends with quick stop-losses but faces whipsaws in ranges (filters mitigate but don’t eliminate noise). Share your symbol and timeframe for tailored parameters.
Pine Script® stratejisi
bitcoinwolf1130 tarafından
Climax Absorption Engine [AlgoPoint]Overview Have you ever noticed that during a sharp, fast-moving trend, the single candle with the highest volume often appears right at the end, just before the price reverses? This is no coincidence. It's the footprint of a Climax Event. This indicator is designed to detect these critical moments of maximum panic (capitulation) and maximum euphoria (FOMO). These are the moments when retail traders are driven by emotion, creating a massive pool of liquidity. The "Climax Absorption Engine" identifies when Smart Money is likely absorbing this liquidity to enter large positions against the crowd, right before a potential reversal. It's a tool built not just on mathematical formulas, but on the principles of market psychology and smart money activity. How It Works: The 3-Step Logic The indicator uses a sequential, three-step process to identify high-probability reversal setups: 1. Momentum Move Detection: First, the engine identifies a period of strong, directional momentum. It looks for a series of consecutive, same-colored candles and confirms that the move is backed by a steeply sloped moving average. This ensures we are only looking for climactic events at the end of a significant, non-random move. 2. Climax Candle Identification: Within this momentum move, the indicator scans for a candle with abnormally high volume—a volume spike that is significantly larger than the recent average. This candle is marked on your chart with a diamond shape and is identified as the Climax Candle. This is the point of peak emotion and the primary area of interest. No signal is generated yet. 3. Absorption & Reversal Confirmation: A climax is a warning, not a signal. The final signal is only triggered after the market confirms the reversal. - For a BUY Signal: After a bearish (red) Climax Candle, the indicator waits for a subsequent green candle to close decisively above the midpoint of the Climax Candle. This confirms that the panic selling has been absorbed by buyers. - For a SELL Signal: After a bullish (green) Climax Candle, it waits for a subsequent red candle to close decisively below the midpoint. This confirms that the euphoric buying has evaporated. How to Interpret & Use This Indicator - The Diamond Shape: A diamond shape on your chart is an early warning. It signifies that a climax event has occurred and the underlying trend is exhausted. This is the time to pay close attention and prepare for a potential reversal. - The BUY/SELL Labels: These are the final, actionable signals. They appear only after the reversal has been confirmed by price action. - A BUY signal suggests that capitulation selling is over, and buyers have absorbed the pressure. - A SELL signal suggests that FOMO buying is over, and sellers are now in control. Key Settings - Momentum Detection: Adjust the number of consecutive bars and the EMA slope required to define a valid momentum move. - Climax Detection: Fine-tune the sensitivity of the volume spike detection using the Volume Multiplier. Higher values will find only the most extreme events. - Confirmation Window: Define how many bars the indicator should wait for a reversal candle after a climax event before the setup is cancelled.
Pine Script® göstergesi
Iamalala tarafından
9
Big Candle Trend█ OVERVIEW The "Big Candle Trend" indicator is a technical analysis tool written in Pine Script® v6 that identifies large signal candles on the chart and determines the trend direction based on the analysis of all candles within a specified period. Designed for traders seeking a simple yet effective tool to identify key market movements and trends, the indicator provides clarity and precision through flexible settings, trend line visualization, and retracement lines on signal candles. █ CONCEPTS The goal of the "Big Candle Trend" indicator was to create a tool based solely on the size of candle bodies and their relative positions, making it universal and effective across all markets (stocks, forex, cryptocurrencies) and timeframes. Unlike traditional indicators that often rely on complex formulas or external data (e.g., volume), this indicator uses simple yet powerful price action logic. Large signal candles are identified by comparing their body size to the average body size over a selected period, and the trend is determined by analyzing price changes over a longer period relative to the average candle body size. Additionally, the indicator draws horizontal lines on signal candles, aiding in setting Stop Loss levels or delayed entries. █ FEATURES Large Signal Candle Detection: Identifies candles with a body larger than the average body multiplied by a user-defined multiplier, aligned with the trend (if the trend filter is enabled). Signals are displayed as triangles (green for bullish, red for bearish). Trend Analysis: Determines the trend (uptrend, downtrend, or neutral) by comparing the price change over a selected period (trend_length) to the average candle body size multiplied by a trend strength multiplier. The trend starts when: Uptrend: The price change (difference between the current close and the close from an earlier period) is positive and exceeds the average candle body size multiplied by the trend strength multiplier (avg_body_trend * trend_mult). Downtrend: The price change is negative and exceeds, in absolute value, the average candle body size multiplied by the trend strength multiplier. Neutral Trend: The price change is below the required threshold, indicating no clear market direction.The trend ends when the price change no longer meets the conditions for an uptrend or downtrend, transitioning to a neutral state or switching to the opposite trend when the price change reverses and meets the conditions for the new trend. This approach differs from standard methods as it focuses on price dynamics in the context of candle body size, offering a more intuitive and direct way to gauge trend strength. Smoothed Trend Line: Displays a trend line based on the average price (HL2, i.e., the average of the high and low of a candle), smoothed using a user-defined smoothing parameter. The trend line reflects the market direction but is not tied to breakouts, unlike many other trend indicators, allowing for more flexible interpretation. Retracement Lines: Draws horizontal lines on signal candles at a user-defined level (e.g., 0.618). The lines are displayed to the right of the candle, with a width of one candle. For bullish candles, the line is measured from the top of the body (close) downward, and for bearish candles, from the bottom of the body (close) upward, aiding in setting Stop Loss or delayed entries. Trend Option: Option to enable a trend filter that limits large candle signals to those aligned with the current trend, enhancing signal precision. Customizable Visualization: Allows customization of colors for uptrend, downtrend, and neutral states, trend line style, and shadow fill between the trend line and price. Alerts: Built-in alerts for large signal candles (bullish and bearish) and trend changes (start of uptrend, downtrend, or neutral trend). █ HOW TO USE Add to Chart: Apply the indicator to your TradingView chart via the Pine Editor or Indicators menu. Configure Settings: Candle Settings: Average Period (Candles): Sets the period for calculating the average candle body size. Large Candle Multiplier: Multiplier determining how large a candle’s body must be to be considered "large". Trend Settings: Trend Period: Period for analyzing price changes to determine the trend. Trend Strength Multiplier: Multiplier setting the minimum price change required to identify a significant trend. Trend Line Smoothing: Degree of smoothing for the trend line. Show Trend Line: Enables/disables the display of the trend line. Apply Trend Filter: Limits large candle signals to those aligned with the current trend. Trend Colors: Customize colors for uptrend (green), downtrend (red), and neutral (gray) states, and enable/disable shadow fill. Retracement Settings: Retracement Level (0.0-1.0): Sets the level for lines on signal candles (e.g., 0.618). Line Width: Sets the thickness of retracement lines. Interpreting Signals: Bullish Signal: A green triangle below the candle indicates a large bullish candle aligned with an uptrend (if the trend filter is enabled). A horizontal line is drawn to the right of the candle at the retracement level, measured from the top of the body downward. Bearish Signal: A red triangle above the candle indicates a large bearish candle aligned with a downtrend (if the trend filter is enabled). A horizontal line is drawn to the right of the candle at the retracement level, measured from the bottom of the body upward. rend Line: Shows the market direction (green for uptrend, red for downtrend, gray for neutral). Unlike many indicators, the trend line’s color is not tied to its breakout, allowing for more flexible interpretation of market dynamics. Alerts: Set up alerts in TradingView for large signal candles or trend changes to receive real-time notifications. Combining with Other Tools: Use the indicator alongside other technical analysis tools, such as support/resistance levels, RSI, moving averages, or Fair Value Gaps (FVG), to confirm signals. █ APPLICATIONS Price Action Trading: Large signal candles can indicate key market moments, such as breakouts of support/resistance levels or strong price rejections. Use signal candles in conjunction with support/resistance levels or FVG to identify entry opportunities. Retracement lines help set Stop Loss levels (e.g., below the line for bullish candles, above for bearish) or delayed entries after price returns to the retracement level and confirms trend continuation. Note that large candles often generate Fair Value Gaps (FVG), which should be considered when setting Stop Loss levels. Trend Strategies: Enable the trend filter to limit signals to those aligned with the dominant market direction. For example, in an uptrend, look for large bullish candles as continuation signals. The indicator can also be used for position pyramiding, adding positions as subsequent large candles confirm trend continuation. Practical Approach: Large candles with high volume may indicate strong market participation, increasing signal reliability. The trend line helps visually assess market direction and confirm large candle signals. Retracement lines on signal candles aid in identifying key levels for Stop Loss or delayed entries. █ NOTES The indicator works across all markets and timeframes due to its universal logic based on candle body size and relative positioning. Adjust settings (e.g., trend period, large candle multiplier, retracement level) to suit your trading style and timeframe. Test the indicator on various markets (stocks, forex, cryptocurrencies) and timeframes to optimize its performance. Use in conjunction with other technical analysis tools to enhance signal accuracy.
Pine Script® göstergesi
Uncle_the_shooter tarafından