Lower and Higher Timeframe Candles with Labels-AYNETHow It Works
Input Parameters:
Users define:
LTF timeframe (e.g., 5m, 15m, 1H).
Time range (e.g., 9 AM to 5 PM) for candle visibility.
Candle colors for bullish, bearish, and wick.
Data Fetching:
The script fetches LTF candle data (open, high, low, close) using request.security.
Conditional Plotting:
Candles are plotted only if the current time falls within the specified range.
Dynamic Label:
A label with the LTF name is created and updated dynamically as the chart progresses.
Use Cases
Multi-Timeframe Analysis:
Analyze LTF price action within the context of a higher timeframe chart.
Session-Specific Focus:
Limit candle visibility to specific trading hours for better insights.
This script combines LTF visualization and a dynamic label for clear and actionable multi-timeframe analysis.
Komut dosyalarını "candle" için ara
Large Candle Detector (6-Candle Comparison)This indicator identifies large price candles that are bigger than the previous six candles, helping traders spot potential breakout or reversal signals. By highlighting significant candles compared to recent price action, it provides insights into key moments of increased volatility or momentum shifts in the market.
200 MAPD - Relative Price with candlesticks and divergenceThis is a MAPD (moving average percent difference) indicator that plots the results in candlestick format and with an option to show divergencies of a specific look back period. It's built with 200 moving average, which cannot be adjusted. A divergence is when the actual asset price moves in the opposite direction than the MAPD.
MAPD measures the percent difference of the asset price from the moving average, in this case, 200 moving average.
MAPD is my favorite indicator because it's an leading indicator, capable of predicting upcoming directions pretty accurately if you learn how to use it and how it works on your specific asset. With candlesticks instead of line you can also apply your own price action techniques.
I created this to be somewhat of a substitute for the actual price of the asset, meaning that price action analysis should be applied on this indicator and asset price is used as a secondary to spot divergencies.
The chart showing on this description is my own discretionary plotting of technical aspects. Divergencies will be enabled per default, but my preference is to have them off and plot my own analysis. And turn them on to get an overview from time to time. You can also change the look back period for the divergencies as you like.
I would say it works best from 1 hour to 1 day, maybe 1 week if you're bottom fishing in a big bear trend.
If you try it out and like it i would love to hear how you find it useful in the comments, will be helpful for me and others :)
Next Candle Predictor with Auto HedgingThe "Next Candle Predictor with Auto Hedging" is a Pine Script indicator designed for use on TradingView. It combines predictive analysis and basic hedging techniques to assist traders in making informed decisions. Here's a detailed explanation suitable for public sharing on TradingView:
Overview
This script predicts the closing price of the next candle based on the current candle's open and close prices. It also includes an auto hedging feature that suggests potential hedging levels to mitigate risk based on the predicted price movement. The indicator is particularly useful for traders looking to enhance their trading strategies with predictive analytics.
Key Features
Next Candle Prediction:
The indicator analyzes the current candle's data (open and close prices) to predict whether the next candle will close higher or lower.
If the current candle is bullish (close > open), it predicts a higher close for the next candle. Conversely, if the candle is bearish, it predicts a lower close.
Auto Hedging:
The script calculates a hedging level based on the predicted close price.
If the predicted close indicates a bullish move, the hedge level is set slightly below the predicted close, suggesting where a trader might consider placing a hedge. If the prediction indicates a bearish move, the hedge level is set above the predicted close.
Elliott Wave Analysis:
The script includes a basic implementation of identifying significant price movements, akin to Elliott Wave analysis, by detecting peaks and troughs over a specified number of bars (wave length).
This can help traders identify potential trend reversals or continuations.
How It Works
Input Parameters: Users can customize the waveLength parameter, which determines how many bars back the script looks to identify significant highs and lows.
Peak and Trough Detection: The script identifies the highest high and lowest low within the specified wave length, plotting these points on the chart for visual reference.
Prediction Logic: The predicted close is calculated based on the current candle's behavior, allowing traders to anticipate price movements.
Hedging Level Calculation: The script dynamically calculates a hedging level based on the predicted close, providing a visual cue for potential risk management strategies.
Visual Representation
The indicator plots:
Elliott Wave Highs: Marked in green.
Elliott Wave Lows: Marked in red.
Predicted Close: Shown as a blue step line.
Hedge Level: Displayed as an orange step line.
Benefits
Enhanced Decision-Making: By providing predictions and potential hedging levels, traders can make more informed decisions about entering or exiting positions.
Risk Management: The auto hedging feature helps traders manage risk by suggesting levels where they might place hedges against adverse price movements.
Customizable: The script allows for user-defined parameters, making it adaptable to different trading strategies and market conditions.
Conclusion
The "Next Candle Predictor with Auto Hedging" indicator is a powerful tool for traders seeking to enhance their trading strategies with predictive analytics and risk management techniques. By utilizing this indicator, traders can gain insights into potential price movements and make more informed trading decisions.
Feel free to explore the script, customize it to fit your trading style, and engage with the TradingView community for further insights and improvements!
Related
Candle Strength Oscillator by SyntaxGeekThis candle strength oscillator displays a smoothed rolling difference between the body range (close and open) and total candle range (high and low).
When candles have small bodies, such as a doji, it can indicate weakness, when candles have essentially little to no wicks it can indicate strength.
There are two modes of display for the strength trend to show potential exhaustion on either side, bollinger bands and donchian channels. Each has their own pros and cons but as most are familiar with bollinger bands this is the default.
Another feature is the ATR measurement, which can assist in displaying an overall reduction in range volatility when comparing historical price movements to current oscillations.
The zero line can show some importance with regards to the peaks and valleys of the main measurement, when everything is trending and there's a reversal, if the zero line isn't broken it could be considered a trend continuation pullback vs a complete reversal.
Trend arrows and bar coloring are available but should not be considered trade signals for entry and exit, merely just another way of viewing the lower study information.
As the raw data of each candle measurement is quite noisy, the entire dataset is passed through an HMA smoothing process, if more options are requested I'll consider adding them.
Thanks for view my script and happy trading!
Previous Candle + Inside/OutsideThe script uses the previous candle of the current timeframe to assess the state of the current candle.
1. Previous candle high/low and midpoint are displayed
2. Highlights current bar if INSIDE previous candle
3. Highlights current bar if POTENTIAL OUTSIDE bar. This condition uses the logic that if the previous high/low has been swept and price then reaches previous bar 50%, then an OUTSIDE bar is possible.
4. If current candle breaks previous high/low, a label is added to identify.
5. If above condition is true and current candle color is opposite of previous, then label is highlighted to show possible bull/bear condition.
6. If current candle live price is below previous midpoint, a BEAR label is shown
7. If current candle live price is above previous midpoint, a BULL label is shown
I personally use the indicator on Daily/Weekly/Monthly charts to help with my overall market assessment. However users may find their own use for the indicator...or modify it to their own preferences.
As ever, the indicator should only be used with live trading accounts after thorough backtesting using a large data range.
Weekly Options Expiry Candle V.2In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe.
My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features.
You can use this in any intraday time frame candle.
It will show:
All expiry candle in box format
Expiry OHLC label
Pivot (Floor or Fibonacci) based on expiry OHLC data
Developing Expiry candle and Pivot
A table showing expiry range(high-low) and Expiry body abs(open-close) stats.
You can turn on or off any feature.
Please let me know if you found this script useful or have any questions or suggestions.
NSE:BANKNIFTY
NSE:NIFTY
NSDT Regular CandlesWhen using Range charts on TradingView, the only candle appearance option is "Range Bars", which are those little thin ones that can be hard to see.
So I made this candle indicator that can be used to plot Regular Candles over the Range Bars for a standard view.
Here is the same chart - only showing the original Range Bars
Stochastic Oversold / Overbought Multi Time Frame on CandleAt the suggestion of a friend, I prepared this educational indicator to show how to use a Multi time frames on the chart based on the color of The Candle.
This Script calculates the stochastic oscillator for multiple timeframes and displays the overbought/oversold signals on the chart with color coding.
The stochastic oscillator is a momentum indicator that compares a security's closing price to its high-low range over a set number of periods. The indicator oscillates between 0 and 100, with readings above 80 considered overbought and readings below 20 considered oversold.
The indicator has the following input parameters:
%K Length: the number of periods used to calculate the stochastic oscillator (default is 14).
%K Smoothing: the number of periods used to smooth the stochastic oscillator (default is 1).
Three timeframes: The timeframes for which the stochastic oscillator is calculated can be set as 15-minute, 1-hour, or 4-hour intervals. For each timeframe, the user can choose to display the indicator (or not) and set the color of the candle. The user can also set the overbought and oversold levels (default is 80 and 20, respectively).
The indicator calculates the stochastic oscillator using the ta.stoch function from the built-in ta library in PineScript. It then uses the ta.sma function to smooth the stochastic oscillator if specified. Finally, the indicator uses the TimeframFuction to calculate the stochastic oscillator for different timeframes, which is then displayed on the chart using the barcolor function. The color of the candle is set based on whether the stochastic oscillator is overbought or oversold, as determined by the overbought/oversold levels specified by the user.
Note: This code is example for you to use multi timeframe in your indicator or Strategy , also prevent Repainting Calculation
Composite Cosmetic CandlesThis is effectively version 2 of my script "Candle Fill % Meter", with a few different/more options available in a more compact form. Choose between multiple oscillator sources, # of dividing lines, and solid or gradient candle fill. Once again this script is intended for use with hollow candles! This script enables you to see more information with less screen space taken up, not to mention it looks nice. Labels by last bar also toggleable in the settings.
[FR]Custom Candles/FVG/nSideBarCustom Candles /FVG/ nSideBar
- I used this as a learning project for understanding plot()'s Better
- My goal was to see if I could use normal plots to cleanly plot FVGs on the chart using only plots with out and boxes/lines
The problem was if multiple FVGs were on back to back bars the plot fill would fill the line to the next FVG/Bar
I solved this by using 4 plots and alternating them if consecutive FVGs form
- 2 MODES
- Slim
- Normal
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-Slim
Uses 3 plotcandle() parts and divides the candle between body/wicks/open and close
by manipulating the ohlc inputs and the colors I was able to pretty make them full customizable
all components are customizable with up/down colors
-Normal
These are your normal candles but they are full customize able from components to individual up/down colors
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- FVGs
There are 2 FVG settings can be used with both MODES
- Big
These are the FVGs that use plots and since there isn't a 500 object limit on plots you don't need to manage them in the code and they are there how ever far you need to look back
- Slim
These use a Line and the width of the line can be adjusted for user preferences
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- INSIDE-BARS
These will change the color of the body of either SLIM or NORMAL Candles
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Drawing Snap Features Work Just Fine!
I suggest hiding your chart candles with the eye in the top left of the screen and moving the indicator to the top of your object tree
I understand that the candles in the chart pictures are impractical I was just demonstrating the functionality of the tool
Hope You Enjoy!!
FFriZz
Supply and Demand - Order Block - Energy CandlesSupply and Demand - Order Block - Energy Candles
Description
An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).
Indicator in use:
Extras:
An option to flip candle colours if current price is above or below them has been added.
topsy-turvy tousled candlesVery simple and weird type of candlesticks 😀
Wicks becomes body-ish and body becomes wickish
Cheers!
Combine & Merge Candlesticks + EMACombine & Merge Candlesticks with EMA
You can do the following:-
1 min - look back 5 (5 min) up to 15 (15 min)
5 min - look back 3 (15 min) up to 12 (1 hour)
15 min - look back 4 (1 hour) up to 16 ( 4 hours)
1 hour - look back 4 (4 hours) up to 8 (8 hours - 1 trading session)
4 hour - look back 2 (8 hours - 1 trading session) up to 6 ( 1 Day)
1 day - look back 5 ( 1 week)
Smarter Pullback + Candlestick Pattern (Steven Hart)Built with love "Smarter Pullback + Candlestick Pattern"
This indiator will help you to find a Pullback + Candlestick Pattern, inspirated by Steven Hart
You can combine with your own strategy, or use this purely
DISCLAIMER :
Measure the risk first before use it in real market
Backtest The Strategy was very important, so you know the probability
Fundamentally Logical :
Pullback (Some Previous candle is Red for Bull Pullback vice versa)
the Entry candle must be a Candlestick Pattern
Features :
1. Engulfing
2. Hammer & Shooting Star
3. Doji
How to use it :
1. Adjust the Pullback Period
2. Check and Uncheck the Pattern you want to see
3. Adjust the style to your favourite
Regards,
Hanabil
Heikinashi Candles Biggest problem that when we use normal heikin-ashi candlestick pattern then all applied indicator values also changes
Like Pivot Point with CPR ,,, EMA,,, SMA including VWAP indicator value
So , this indicator help us plot Heikinashi candles on Normal candles
Please follow below steps:
Add this indicator to chart
Go to setting >> un-tick Body, Border and Wick color
That will hide candles on chart and Plot heikinashi candles on Normal candles without changing any indicator value
Remember use normal candle stick pattern that
15m Candle ToolShows historical 15min candles for the 1m, 3m , and 5m time frames.
Counts down the time until the current 5m, 15m, and 1H candles close.
Recommended use on the 1m, 3m , and 5m TimeFrames!!!
Legend:
Vertical Lines (Left to Right)
-15m Candle wick (solid line) *
-Close of current 5m candle (red dotted)
-Close of current 15m candle (blue dashed)
- Close of current 1H candle (green solid)
Horizontal Lines (Top to Bottom)
- Previous 15m high (top of wick) *
- Subdivisions of the low to high of the previous 15m candle (.25, .50, .75) (WHITE LINES, .50 is extended)
- inter candle average of the highs within the previous 15m candle (solid green)
- average of the inter candle highs and lows (grey dashed)
- inter candle average of the lows within the previous 15m candle (solid red)
- Previous 15m low (bottom of wick) *
Previous Candle Body *
* = Changes color based on the bar color.
High Performance Candlestick Patterns Colors//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI
//1. Bearish Three Line Strike +Up 67.38%
//2. Bullish Three Line Strike -Down 65.23%
//3. Bearish Three Black Crows -Down 59.83%
//4. Bearish Evening Star -Down 55.85%
//5. Bullish Upside Tasuki Gap +Up 54.44%
//6. Bullish Inverted Hammer -Down 51.73%
//7. Bullish Matching Low -Down 50.00%
//8. Bullish Abandone Baby +Up 49.73%
//9. Bearish Two Black Gapping -Down 49.64%
//10. Brearish Breakaway -Down 49.24%
//11. Bullish Morning Star +Up 49.05%
//12. Bullish Piercing Line +Up 48.37%
//13. Bullish Stick Sandwich +Up 48.20%
//14. Bearish Thrusting Line During Dowtrend +Up 48.10%
//15. Bearish Meeting Line +Up 48.07%
//Down=Yellow Bar Color and Black Text
//Up=Blue Bar Color and Blue Text
//High Performance Candlestick Patterns Colors Top 15
High Performance Candlestick Patterns//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI
//1. Bearish Three Line Strike +Up 67.38%
//2. Bullish Three Line Strike -Down 65.23%
//3. Bearish Three Black Crows -Down 59.83%
//4. Bearish Evening Star -Down 55.85%
//5. Bullish Upside Tasuki Gap +Up 54.44%
//6. Bullish Inverted Hammer -Down 51.73%
//7. Bullish Matching Low -Down 50.00%
//8. Bullish Abandone Baby +Up 49.73%
//9. Bearish Two Black Gapping -Down 49.64%
//10. Brearish Breakaway -Down 49.24%
//11. Bullish Morning Star +Up 49.05%
//12. Bullish Piercing Line +Up 48.37%
//13. Bullish Stick Sandwich +Up 48.20%
//14. Bearish Thrusting Line During Dowtrend +Up 48.10%
//15. Bearish Meeting Line +Up 48.07%
//Down=Yellow Bar Color and Black Text
//Up=Blue Bar Color and Blue Text
//High Performance Candlestick Patterns Top 15
Basic candle patternsBasic candle patterns marker marks:
- Doji stars
- Doji graves
- Doji dragonflies
- Hammers
- Reversed hammers
- Hanging mans
- Falling stars
- Absorption up/down
- Tweezers up/down
- Three inside ups/downs
Percent Change of Range Candles - FullTHIS IS THE FINAL VERSION
Description of the Percent Change of Range Candles - Full Indicator
This indicator displays the percentage change relative to the price range (high-low) over a specified period and combines multiple timeframes to provide a more accurate view of market trends and momentum. The idea is to not rely solely on classic closing prices but also to consider the opening price, highest, and lowest values within the selected period, offering deeper insight into price movements.
What makes this indicator better than the previous two?
Combination of multiple timeframes and parameters — the indicator calculates not only one level of percentage change but also uses additional calculations for shorter periods (e.g., 25% of the main period length). This allows it to better track subtle changes and provide signals less prone to noise.
Visual representation with colors and horizontal levels — it clearly displays key percentage change levels and whether the current trend is positive or negative, making interpretation easier without additional analysis.
Candle visualization within the indicator (plotcandle) — unlike previous indicators that might display only lines, this one shows candles within the indicator window, allowing you to follow visual patterns that often add extra value.
Better adaptation to trend changes — the indicator dynamically adjusts input parameters depending on price direction (positive or negative change), making it more flexible and suitable for different market conditions.
How the indicator works
It first calculates the percentage change of the closing price relative to the high-low range over a chosen period (default 100 candles).
Then, it calculates the average change value from the previous five periods to smooth out sudden oscillations.
Additionally, it calculates values for a shorter period (25% of the total length), which are dynamically used as "high" or "low" values depending on the current trend (positive or negative).
Horizontal lines mark important percentage change levels (100%, 70%, 0%, -70%, -100%), serving as visual guides for trend strength and direction.
Candles inside the indicator further visualize the relationship between average and current values.
Purpose and application
This indicator is designed to track trend strength and market movements through percentage analysis of price ranges. It can be used for:
Detecting the start and end of trends,
Recognizing strong reversals or confirming trend continuation,
Complementary analysis alongside other technical indicators,
Facilitating decision-making in scalping and swing trading strategies.
What to watch out for
Like any indicator based on historical data, it does not guarantee success and should be used alongside other tools to confirm signals.
The length period (length) should be adjusted according to the market type and trading timeframe — longer periods provide more stable but slower signals, while shorter ones are more sensitive to noise.
Pay attention to the colors and levels on the indicator, as crossing horizontal lines may indicate potential trend reversals or strengthening.
Candles within the indicator window can help identify formations signaling entries or exits.
Nifty Futures vs ATM Option Candle Mismatch//@version=5
indicator("Nifty Futures vs ATM Option Candle Mismatch", overlay=true)
// === Input symbols (modify these as needed) ===
niftySymbol = input.symbol("NSE:NIFTY1!", "Nifty Futures Symbol")
atmOptionSymbol = input.symbol("NSE:NIFTY24JUN22400CE", "ATM Option Symbol") // Replace with real ATM symbol dynamically
// === Get 5-min candles from both instruments ===
niftyClose = request.security(niftySymbol, "5", close)
niftyOpen = request.security(niftySymbol, "5", open)
optionClose = request.security(atmOptionSymbol, "5", close)
optionOpen = request.security(atmOptionSymbol, "5", open)
// === Determine candle color (green or red) ===
niftyGreen = niftyClose > niftyOpen
optionGreen = optionClose > optionOpen
// === Condition: Mismatch in candle direction ===
mismatch = (niftyGreen != optionGreen)
// === Plot an icon or background when mismatch occurs ===
plotshape(mismatch, title="Mismatch Signal", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small)
bgcolor(mismatch ? color.new(color.red, 85) : na, title="Mismatch Background")
Two Candle Theory (Filtered) - Labels & ColorsOverview
This Pine Script classifies each candle into one of nine sentiment categories based on how the candle closes within its own range and in relation to the previous candle’s high and low. It optionally filters the strongest bullish and bearish signals based on volume spikes.
The script is designed to help traders visually interpret market sentiment through configurable labels and candle colors.
⸻
Classification Logic
Each candle is assessed using two metrics:
1. Close Position – where the candle closes within its own high-low range (High, Mid, Low).
2. Close Comparison – how the current close compares to the previous candle’s high and low (Bull, Bear, or Range).
Based on this, a short label is assigned:
• Bullish Bias: Strongest (SBu), Moderate (MBu), Weak (WBu), Slight (SlB)
• Neutral: Neutral (N)
• Bearish Bias: Slight (SlS), Weak (WBa), Moderate (MBa), Strongest (SBa)
⸻
Volume Filter
A volume spike filter can be applied to the strongest signals:
• SBu and SBa are only shown if volume is significantly higher than the average (SMA × threshold).
• The filter is optional and user-configurable.
⸻
Display Options
Users can control:
• Whether to show labels, bar colors, or both.
• Which of the nine label types are visible.
• Custom colors for each label and corresponding bar.
⸻
Visual Output
• Labels appear above or below candles depending on bullish or bearish classification.
• Bar colors reflect sentiment for quicker visual scanning.
⸻
Use Case
Ideal for identifying momentum shifts, validating trade entries, and highlighting candles that break out of previous ranges with conviction and/or volume.
⸻
Summary
This script simplifies price action by translating each candle into an interpretable sentiment label and color. With optional volume filtering and full display customization, it offers a practical tool for discretionary and systematic traders alike.