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Candlestick analysis

Rapid Candle PATTERNS V2.0Indicator Title: Rapid Candle Patterns - High-Probability Signals Description Tired of noisy charts filled with weak and ambiguous candlestick patterns? The Rapid Candle Patterns indicator is engineered to solve this problem by moving beyond simple textbook definitions. It identifies only high-probability reversal and continuation signals by focusing on the underlying market dynamics: momentum, liquidity, and confirmation. This is not just another pattern indicator; it's a professional-grade tool designed to help you spot truly significant price action events. How The Logic Works & Why It's More Accurate Each pattern in this script has been enhanced with stricter, more intelligent rules to filter out noise and reduce false signals. Here’s what makes our logic superior: 1. The Liquidity Grab Hammer & Inverted Hammer Standard Logic: A simple hammer shows a long lower wick, suggesting buyers pushed the price back up. Our Enhanced Logic: We don't just look for a hammer shape. Our signal is only valid if the hammer’s low takes out the low of the previous candle (a "liquidity grab" or "stop hunt"). Why It's More Accurate: This sequence is incredibly powerful. It shows that sellers attempted to push the market lower, triggered stop-loss orders below the prior low, and then were decisively overpowered by buyers who reversed the price. This isn't just a reversal; it's a failed breakdown, often trapping sellers and fueling a stronger move in the opposite direction. 2. The "True" Bullish & Bearish Harami Standard Logic: A small candle forms within the high-low range of the previous candle. This can often be misleading if the prior candle has long wicks and a tiny body. Our Enhanced Logic: We enforce a "dual containment" rule. For a Harami to be valid, its body must be contained within the body of the previous candle. We also ensure the Harami candle itself is not a Doji, meaning it must show some conviction. Why It's More Accurate: This ensures you are seeing a genuine and significant contraction in momentum. It filters out scenarios where a large-bodied candle forms inside the wicks of a doji-like candle, which is not a true Harami. Our logic captures the "pregnant" pattern as it was intended—a moment of quiet consolidation before a potential new move. 3. The "Power" Bullish & Bearish Engulfing Standard Logic: A candle's body engulfs the body of the previous candle. This is a common signal, but it often lacks follow-through. Our Enhanced Logic: Our "Power Engulfing" requires two conditions: (1) The body must engulf the prior candle's body, AND (2) the candle must close beyond the entire high/low range of the prior candle. Why It's More Accurate: This is the ultimate sign of confirmation. It doesn't just show that one side has won the battle for the session; it proves they had enough force to break the entire structure of the previous candle. This signifies immense momentum and dramatically increases the probability that the trend will continue in the direction of the engulfing candle. 4. The Quantified Doji Our Logic: Instead of being a subjective pattern, a Doji is defined quantitatively. It's a candle whose body is less than or equal to a user-defined percentage (default 9%) of its total range. Why It's More Accurate: It provides a consistent and objective measure of market indecision. Furthermore, any candle identified as a Doji is automatically disqualified from being a Hammer, ensuring clear and distinct signals. User Customization Toggle Patterns On/Off: Declutter your chart by only showing the patterns you want to see. Fine-Tune Logic: Use the "Pattern Logic" settings to adjust the sensitivity of the Doji and Harami detectors to perfectly match your trading style, asset, and timeframe. Disclaimer: This indicator is a powerful tool for identifying high-probability price action. However, no single indicator is a complete trading system. Always use these signals as part of a comprehensive strategy, combined with analysis of market structure, support/resistance levels, and other forms of confluence.
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nfsmohi tarafından
Perfect MA Touch – Full Setup 1,3,5,7,8,9This indicator helps you track a precise candle countdown from a moving average touch, labeling key bars (1, 3, 5, 7, 8, 9) for timing entries and momentum setups — with optional coloring, alerts, and full customization. What It Detects 1. MA Touch Trigger The sequence starts when any selected moving average (up to 6 MAs, customizable) is touched by the candle's high/low range. This "perfect touch" initiates the count and labels that candle as "1". 2. Candle Number Labels After a perfect MA touch: Candle 1 = the bar that touches the MA Candle 3 = two bars after Candle 1 Candle 5 = the fifth bar after the touch Candle 7 = third bar after Candle 5 Candle 8 = fourth bar after Candle 5 Candle 9 = fifth bar after Candle 5 It creates a time-based sequence you can use to anticipate reactions or momentum shifts. 3. Customization You can: Choose between EMA or SMA for each MA (6 total) Set custom lengths for each MA (9, 20, 50, 100, 150, 200) Choose which candle numbers (1, 3, 5, 7, 8, 9) to highlight Pick font size and label color 4. Highlighting and Alerts Highlight candles (with color) when certain bars (like 3, 5, 7) print Alerts are available for all tracked bars (1, 3, 5, 7, 8, 9) Use Case Example Let’s say you want to enter trades on the 3rd candle after a perfect MA touch: You set the script to highlight candle 3. When a candle hits your chosen MA (say EMA 9), it’s labeled “1”. Two bars later, bar 3 appears — giving you a timed signal to enter if price behavior aligns. This method is especially useful when paired with: Volume confirmation Breakout or reversal patterns Support/resistance or order block zones
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TheTradingGoddess tarafından
cd_secret_candlestick_patterns_CxHi traders, With this indicator, we aim to uncover secret candlestick formations that even advanced traders may miss—especially those that can't be detected by classic pattern indicators, unless you're a true master of candlestick patterns or candle math. ________________________________________ General Idea: We'll try to identify candlestick patterns by regrouping candles into custom-sized segments that you define. You might ask: “Why do I need this? I can just look at different timeframes and spot the structure anyway.” But it’s not the same. For example, if you're using a 1-minute chart and add a higher-timeframe candle overlay (like 5-minute), the candles you see start at fixed timestamps like 0, 5, 10, etc. However, in this indicator, we redraw new candles by grouping them from the current candle backward in batches of five. These candles won't match the standard view—only when aligned with exact time multiples (e.g., 0 and 5 minutes) will they look the same. In classic charts: • You see 5-minute candles that begin every 0 and 5 minutes. In this tool: • You see a continuously updating set of 5 merged 1-minute candles redrawn every minute. What about the structures forming in between those fixed timeframes? That’s exactly what we’ll be able to detect—while also making the lower timeframe chart more readable. ________________________________________ Candle Merging: Let’s continue with an example. Assume we choose to merge 5 candles. Then the new candle will be formed using: open = open close = close high = math.max(high , high , high , high , high) low = math.min(low , low , low , low , low) This logic continues backward on the chart, creating merged candles in groups of 5. Since the selected patterns are made up of 3, 4, or 5 candles, we redraw 5 such merged candles to analyze. ________________________________________ Which Patterns Are Included? A total of 18 bullish and bearish patterns are included. You’ll find both widely known formations and a few personal ones I use, marked as (MeReT). You can find the pattern list and visual reference here: ________________________________________ Entry and Filtering Suggestions: Let me say this clearly: Entering a trade every time a pattern forms will not make you profitable in the long run. You need a clear trade plan and should only act when you can answer questions like: • Where did the pattern appear? • When and under what conditions? It’s more effective to trade in the direction of the trend and look for setups around support/resistance, supply/demand zones, key levels, or areas confirmed by other indicators. Whether you enter immediately after the pattern or wait for a retest is a personal choice—but risk management is non-negotiable. One of the optional filters I’ve included is a Higher Timeframe (HTF) condition, which is my personal preference: When enabled, the highest or lowest price among the pattern candles must match the high or low of the current HTF candle. You can see in the image below the decrease in the number of detected patterns on the 1-minute chart when using no filter (blue labels) compared to when the 1-hour timeframe filter is applied (red labels). Additionally, I’ve added a “protected” condition for engulfing patterns to help filter out weak classic engulf patterns. ________________________________________ Settings: From the menu, you can configure: • Number of candles for regrouping • Distance between the last candle and newly drawn candles • Show/hide options • HTF filter toggle and timeframe selection • Color, label placement, and text customization • Pattern list (select which to display or trigger alerts for) My preferred setup: While trading on the 1-minute chart, I typically set the higher timeframe to 15m or 1H, and switch the candle count between 2 and 3 depending on the situation. ⚠️ Important note: The “Show” and “Alert” options are controlled by a single command. Alerts are automatically created for any pattern you choose to display. ________________________________________ What’s Next? In future updates, I plan to add: • Pattern success rate statistics • Multi-broker confirmation for pattern validation Lastly, keep in mind: The more candles a pattern is based on, the more reliable it may be. I'd love to hear your feedback and suggestions. Cheerful trading! 🕊️📈
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cdikici71 tarafından
9
Reversão Sobrevenda/Sobrecompra com ExaustãoPrice Touches/Exceeds Lower Bollinger Band: Indicates oversold conditions. Oversold RSI and/or Divergence: RSI below 30 (strong) or bullish divergence (price makes lower low, RSI makes higher low). Decreasing Volume: Selling volume decreases as price hits the lower band and RSI becomes oversold, suggesting selling pressure is ending. Bullish Reversal Candlestick: Formation of a bullish reversal candlestick pattern near the lower band (e.g., Hammer, Bullish Engulfing, Piercing Pattern). Sell Signal (Bearish Reversal): Price Touches/Exceeds Upper Bollinger Band: Indicates overbought conditions. Overbought RSI and/or Divergence: RSI above 70 (strong) or bearish divergence (price makes higher high, RSI makes lower high). Decreasing Volume: Buying volume decreases as the price reaches the upper band and the RSI becomes overbought, suggesting that buying pressure is ending. Bearish Reversal Candlestick: Formation of a bearish reversal candlestick pattern near the upper band (Ex: Shooting Star, Bearish Engulfing, Dark Cloud).
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mjpiedade tarafından
Trap Candle (Trend H4 + RSI Filter)🔍 Trap Candle (Trend H4 + RSI Filter) Description: The Trap Candle indicator is designed to identify a specific and powerful two-candle price action pattern that often signals a false breakout followed by a strong reversal. It combines pure price action with two objective filters to increase signal quality and trend alignment. 📊 Pattern Logic: Bullish Trap: The current candle breaks the previous candle’s low, but closes above its high (and is bullish). Bearish Trap: The current candle breaks the previous candle’s high, but closes below its low (and is bearish). This pattern often reveals institutional traps or stop hunts before directional movement. 🧠 Trend Filter (H4): Ensures long signals occur only when the H4 close is higher than the previous H4 close (uptrend). Ensures short signals occur only in a H4 downtrend. Designed to align intraday entries (M15, H1) with higher timeframe momentum. 💪 RSI Confirmation: Includes a configurable RSI filter on the current timeframe. Only long signals are shown when RSI is above a user-defined threshold (e.g. 55). Only short signals are shown when RSI is below a user-defined threshold (e.g. 45). ⚙️ Key Features: Full customization of RSI period and thresholds. Clean, visual signal plotting on the chart (with “Trap L” or “Trap S” labels). Built-in alerts for both long and short trap candle setups. Perfect for traders who want to trade smart reversals with trend and momentum confirmation. ✅ Recommended Timeframes: M15 and H1 (entry) Uses H4 for trend bias If you’re looking to filter out noise and spot only the highest quality reversal setups, the Trap Candle (Trend H4 + RSI Filter) is a solid tool for any price action-based strategy.
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Giancarlo_Adorno tarafından
First Candle🕯️ First Candle Indicator (First 5-Minute Candle High/Low) The First Candle indicator automatically marks the high and low of the first 5-minute candle of the U.S. trading session . These levels can act as key intraday support and resistance zones, often used in breakout, scalping, or opening-range trading strategies. 📌 Key Features: Automatic detection of the first candle of the U.S. session based on the selected timeframe (default is 5 minutes). Horizontal lines are plotted at the high and low of that candle, with fully customizable colors and thickness. Labels show the exact level and timeframe used for the high and low. Resets daily, removing previous session data at the start of a new session. Displays a visual marker (blue triangle) when the first candle is detected. Allows users to select different timeframes for defining the "first candle" (e.g., 1, 5, 15 minutes). ⚙️ Customizable Inputs: Show First Candle Lines: toggle the display of high/low lines. Timeframe for Marking: choose the timeframe to detect the first candle (e.g., 5 minutes). High Line Color / Low Line Color: set the color of each level line. Line Thickness: adjust the width of the lines (1 to 5 pixels). 🧠 Strategic Applications: Identify breakout zones right after the market opens. Define opening range for pullback or continuation setups. Set clear reference levels for intraday trading decisions.
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EduWarlock tarafından
Ultimate_Priceaction_Tool for INTRADAY by Chaitu50cUltimate_Priceaction_Tool for INTRADAY by Chaitu50c This indicator is crafted for intraday traders who rely on raw price action. It identifies support and resistance zones based on engulfing candle structures and 2-bar breakout formations. These patterns often signal meaningful reversals or momentum-based breakouts. Key features: • Real-time support and resistance zone detection Uses green-to-red and red-to-green candle transitions where open and close levels align within a defined buffer. Also includes logic to capture two-bar breakout patterns that confirm directional conviction. • Dynamic line behavior Line width increases as the level holds for more bars, visually representing zone strength. Breakout buffers also expand with time to reduce false signals. • Session-based resets At the start of each new session, all zones reset automatically. This ensures only current, relevant intraday structures are shown, reducing clutter and improving focus. • Dashed zone detection Within the main high-low range, additional price levels are plotted as dashed lines when qualifying patterns appear. These zones are suppressed if similar ones already exist nearby. • Fully customizable Includes adjustable buffer range, breakout margin, dash suppression distance, line width control, and visual styling for both resistance and support zones. Recommended usage: This tool is optimized for the 1-minute and 5-minute timeframes. It is best suited for scalpers and intraday traders who depend on breakout reactions, pullback validation, and session structure shifts. Use it to identify areas of interest, react to price action, and refine intraday decision-making with high precision.
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chaitu50c tarafından
6
ETH Pro Strategy Alerts (Buy & Sell)This indicator combines four powerful tools into a single confluence-based strategy: ✅ Chandelier Exit: Identifies trend direction and trailing stop levels. ✅ Triple RSI (6/12/24): Confirms momentum alignment across short, mid, and long term. ✅ Stochastic RSI: Pinpoints early entry/exit zones using overbought/oversold signals. ✅ OBV (On-Balance Volume): Validates price action with real volume strength. Buy/Sell alerts trigger only when all conditions align, helping you avoid false signals and trade with confidence.
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justfriendlysuggestion tarafından