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 the course of his career. Volume Candlesticks (Bars)...
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...
This script looks at three consecutive candles and if there is an area between the wicks of the first and third candle, it will paint a box to mark the area. The marked area is considered an imbalance or inefficiency in the market. Price usually finds its way back to that area of imbalance to clear it. As price clears part of the area of imbalance, the box...
Common Candlestick Patters Highlighter. - TLS: Three Line Strike (Bearish and Bullish) - AB: Advance Block - IB: Inside Bar
This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders. First of all, I need to explain the components of the indicators in detail. 💖==========================================💖 Components of supply and demand zone: DBD:means Drop Base Drop RBR:means Rally Base Rally DBR:means Drop Base Rally RBD:means...
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!
According to TradingView the Detrended Price Oscillator is an oscillator that removes trend from price in order to more clearly show an instrument's cyclical highs and lows so that an investor or trader may more easily time when to buy or sell the underlying instrument. Accordingly, it is not meant to be used as a way of gauging momentum, however, I find it...
This is an updated version (with lots of extras added) of the Accumulation/Distribution indicator coded by @Cl8DH. You can read about what he says about his indicator, and how to use it, here: So, from that, what have I done? I added a moving average (of which there are many types to choose from) so that you can use this as a "two lines cross" indicator, as...
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!
Background information: 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...
Hi, again. Here I have a nice moving average script designed to get you into trends and keep you in trends until the opportune moment comes to exit. And, as with any indicator, or suite of indicators, designed to get one into trends and keep him/her in a trend, they do not do so well in chop/ranging/mean reversion conditions, though I would say this one is better...
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.
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator. Much credit goes to him....
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. INCLUDES : Buy / Sell Signals Candle Coloring Automatic Level Plotting Trend Following System Stop Loss Management System...
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. I...