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Candlestick Analysis

Divergence for Many Indicators v4Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator ! - it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator. --> Regular Positive Digergences --> Regular Negative Digergences --> Hidden Positive Digergences --> Hidden Negative Digergences - for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence - for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence Some Options: Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option Source for Pivot Points: you can use Close or High/Low as source Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden" Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show" Show Divergence Number: option to see number of indicators which has Divergence Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences you can include any External Indicator to see if there is divergence - enable "Check External Indicator" - and then choose External indicator name in the list, "External Indicator" - External indicator name is shown as Extrn - related external indicator must be added before enabling this option Coloring, line width and line style options for different type of divergences. Following Alerts added: - Positive Regular Divergence Detected - Negative Regular Divergence Detected - Positive Hidden Divergence Detected - Negative Hidden Divergence Detected Now lets see some examples: Hidden Divergences: Regular and Hidden Divergences together: Showing first letters of indicators: You can see only the number of indicators which has divergence: You can see only divergence lines without indicators names and numbers: option to used different label/line/text colors: You have option to see only last divergences: You can change Pivot Period, in following example Pivot Period = 15: You can use Close or High/Low as Source for Divergence You can include external indicators and get divergences on it: Wish you all a happy new year! Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
666
Position Size Calculator w/ profit targetsThis script helps the user visualize profit targets and calculates position size based on the input risk amount. Input variables: - Risk amount - Entry price - Stop loss amount - Profit target amount Calculated variables: - Profit loss ratio - Position size - Postion cost Plotted variables: - shaded: entry price --> price target (green filled) - shaded: entry price --> stop loss target (red filled) - 1:1 p/l ratio --> yellow line - 2:1, 3:1, 4:1 p/l ratios --> green lines Overlay text can be toggled on/off in parameter input section
Pine Script™ indicator
by trialanderror
3
EMA ATR Engulfing CandlesThis is good old EMA (Exponential Moving Average) with a twist. The EMA line is surrounded by ATR on either side giving you visibility on how market breadth is working out. The icing on this cake is in the form of engulfing candle indications. Whenever the engulfing candle happens to be inside the size (that's upper and low ATR area limits around EMA) and the engulfing candle has closed in the appropriate direction, the signal triangle comes up. To understand this... The signal appears only if one of OHLC price point of engulfed and/or engulfing candles are within upper and lower ATR areas around EMA When there is a bullish engulfing candle, and the close of the candle is above EMA, a green triangle comes up below the candle When there is a bearish engulfing candle and the close of the candle is below EMA, a red triangle comes up above the candle The settings enable you to set the following Length of EMA (default is 200) Length of ATR (default is 12) Resolution of EMA independent of the chart timeframe (default is Daily) Price type (default is hlc3) Trade zone width in number of ATRs on either side of EMA (default is 1) Other settings to adjust display I have been using this in different timeframes to generate signals and found that it generates pretty good alpha. Feel free to write to me if you have any ideas that can improve this further or if you wish to discuss how to properly use this.
Pine Script™ indicator
by TradingIndian
2
LPS PLSY INDICATOR for VSA( Google translation from Russian.) Signal conditions: 1. There is a bar with an increased volume 2. The next bar after the bar with increased volume closes in the other direction Arguments: Comparison period - the period during which the volumes are compared with each other to calculate the bars with the increased volume. sensitivity of increased volumes - according to the percentrank indicator - the border above which the volume will be considered large, the same as in the Volume on bar VSA indicator - indicator V2 - for clarity of how it works, I recommend looking at it. efficiency of the next bar - (efficiency of the next bar from 0 to 100) ") - the efficiency of buying or selling on the next bar, bar field with a large volume. If the value is closer to 100, then the bars whose spread corresponds to the inserted volume will be taken into account, if closer to 0, then bars with a small spread and a large volume can be taken into account. This argument is calculated similarly to the efficiency of bulls and bears for VSA Attention. In its original form, this indicator can give a large number of false signals. To filter out false signals, it should be used after studying the theory of VSA. Russian language Условия для сигнала: 1. Имеется бар с повышенным объёмом 2. Следующий бар после бара с повышенным объемом закрывается в другую сторону Аргументы: период для сравнения – период, на котором сравниваются между собой объёмы, для вычисления баров с повышенным объемом. чувствительность повышенных объемов – согласно индикатору percentrank – граница выше которой̆ объем будет считаться большим, то же самое, что в индикаторе Volume on bar VSA - indicator V2 – для наглядности как это работает рекомендую посмотреть его. эффективность следующего бара от 0 до 100 - эффективность покупок или продаж на следующем баре, поле бара с большим объемом. Если значение ближе к 100 то будут учитываться бары у которых спред соответствует вложенному объему, если ближе к 0 то могут учитываться бары у которых спред маленький а объем большой. Расчёт этого аргумента производится аналогично индикатору efficiency of bulls and bears for VSA Примечание В исходном виде этот индикатор может давать большое количество ложных сигналов. Для отсеивания ложных сигналов его следует применять после изучения теории VSA.
Pine Script™ indicator
by Alex_Dyuk
2
MTF_HA & CANDLE [by coral1213]Hi traders. This is a multi-timeframe Heikin-Ashi candle chart script. There is no repaint. This is used when you want to see a high time frame Heikin-Ashi candle on the candlestick chart. 1. HTF RESOLUTION = Frame of output candle... 1H=60, 4H=240, 1D=1D, 1W=1W... 2. HTF SOURCE TYPE = Selects the target chart mode for the output candle... Candlestick of HighTimeFrame or Heikin-ashi of HighTimeFrame 3. HTF RESOLUTION HIGHLIGHT = Marks the beginning of the selected resolution. For better visibility, it is recommended to turn off the optional border color. Enjoy Trade
Pine Script™ indicator
by coral1213
5
ProjectionGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Projection. Projection is based off the same Principle as some of my other scripts, such as Trade Manager() and Price Predictor(). I use a simple concept using line.new() to define some potential Price Projections. From the Settings of the Indicator, you can access a couple different Pre-Set options. Wide Parabola: Skinny Parabola: Straight Triangle: ZigZag1: ZigZag2: I wanted to give a Special Thanks to @Pinecoders for the custom RoundToTick Function from Backtesting/Trading Engine --> () If you like Projection, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Pine Script™ indicator
by DrCatherineHalsey
17
User-Inputed Time Range & FibsGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called User-Inputed Time Range & Fibs. The idea behind this script is to record the Range Highs and Lows of a User Defined Period, and plot potential Targets based on either Fibonacci Extensions or a Multiple of the Range Size. I created this originally for use with the US Session Initial Balance(From 9:30-10:30AM EST), however it can be set to any time period. What is Initial Balance? In simple words, Initial Balance (IB) is the price data, which are formed during the first hour of a trading session. Activity of traders forms the so-called Initial Balance at this time. This concept was introduced for the first time by Peter Steidlmayer when he presented the market profile to traders(atas.net). The IB is monitored as a break-out area for Range Extension traders. The IB High is also seen as an area of resistance and the IB Low as an area of support until it is broken(www.mypivots.com). As a note, depending on the Time Zone you are in, you may need to manually add or subtract from the Timed Range to match the desired Time. For example in NY Eastern Time, I have to use 8:30-9:30AM to Capture the 9:30-10-30AM IB for ES and NQ. Similarly, I must use 14:30-15:30PM to Capture the 9:30-10-30AM IB for BTC. You will need to make adjustments based on the Time Zone you are located in. I wanted to give a Special Thanks to @PineCoders for the Custom Rounding Function from Backtesting/Trading Engine--> (), Pinecoders.com for help with Tracking the Highs/Lows--> (www.pinecoders.com), and @TradeChartist for allowing me to use some of the code for the Fibonacci Extensions from his script here--> (). If you like User-Inputed Time Range & Fibs, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Pine Script™ indicator
by DrCatherineHalsey
13
Price PredictorGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Price Predictor. How To Use Price Predictor Price Predictor acquires potential targets by measuring the Average Change of Price from a user-defined resolution, from Open to Open. By default, the Resolution is set to 1 Day, however you can play around with Weekly, Monthly, etc. When a new resolution period begins, Price Predictor will automatically adjust based on the new Average Change of Price. Due to the avoidance of Security() in this script, you may have to play around with the Timeframe that you use it in to ensure that you have enough bars on your chart to process the User-Defined Resolution. The first Target Zone represents Target 5 of my other script, Trade Manager()(Given that you set the Target Multiple and Default Threshold Inputs as the same in each script), and is the most likely to be hit before the end of the resolution period. In addition to a User-Defined Resolution, you also have the option of using a Custom Price to define Target Zones, however I'd recommend using my other script, Trade Manager(), if the volatility of the Instrument isn't too high. I wanted to give a Special Thanks to @Pinecoders for the Custom RoundToTick Function from The Backtesting/Trading Engine --> ( If you like Price Predictor, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Pine Script™ indicator
by DrCatherineHalsey
12
Trade ManagerGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com). This one is called Trade Manager. How To Use Trade Manager Trade Manager acquires potential targets by measuring the Average Change of Price from a user-defined resolution, from Open to Open. By default, the Resolution is set to 1 Day, however you can play around with Weekly, Monthly, etc. When a new resolution period begins, Trade Manager will automatically adjust its Targets based on the new Average Change of Price. Due to the avoidance of Security() in this script, you may have to play around with the Timeframe that you use it in to ensure that you have enough bars on your chart to process the User-Defined Resolution. The idea behind Trade Manager is quite simple yet can be quite powerful at the same time. Consider a Daily Candle for example. You can clearly see how a vast amount of price movement can be encapsulated within it, sometimes in both directions. By measuring the Average Change of Price per day(From Open to Open), we can use this Average to build targets off of. Defining a small Threshold above and below the Open Price of the Daily Candle allows you to set Limit Orders at these levels with predefined Targets. Then, the use of the custom Trailing Stop and Break Even helps to secure profits without giving too much back to the market, all while managing your risk. Within the Settings of Trade Manager, you have the option to alter the logic of whether Break-Even is set after the first Target or second Target is hit. In addition to using a User-Defined Resolution Period, you can also input a Custom Price into the settings of Trade Manager and allow the Targets, Trailing Stop, and Break Even to be calculated from the Custom Price. I wanted to give a Special Thanks to @PineCoders for the Custom RoundToTick Function from The Backtesting/Trading Engine --> () As a note, there are times where price will break out very strongly from the Limit Price, sometimes crossing the Stop and Limit Price on the same bar. When this happens, it is difficult for Pine to determine which occurred first intra-bar, and as a result, it does not record a new position. In these instances, I'd recommend adjusting the Default Stop Multiple so it is below the bar. If you like Trade Manager, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Pine Script™ indicator
by DrCatherineHalsey
13
Relative Falling three Methods IndicatorAbstract This script measure the related speed between rising and falling. This script can replace binary Falling Three Methods detector and, report continuous value and estimate potential trend direction. My suggestion of using this script is combining it with trading emotion. Introduction Falling Three Methods (F3M) is a candlestick pattern. Many trading courses say traders can regard it as predicting falling will continue. However, it is not easy to see perfect Falling Three Methods pattern from charts. Therefore, we need an alternative method to measure it. We can use the observation that falling is faster than rising during those time. When falling is faster than rising, some long ( buy , call , higher , upper ) position owners may worry the price will fall very much suddenly. When rising is faster than falling, some traders may worry they may miss buy opportunities. Computing Related Falling Three Methods Indicator (1) The value of rising and falling In this script, open price is replaced with previous close price. If the previous price is equal to the close price, than both rising and falling are equal to high-low. If the previous price is lower than the close price, than the falling value becomes smaller, high-close+previous-low. If the previous price is higher than the close price, than the rising value becomes smaller, high-previous+close-low. (2) Area of value (aov) Area of value is equal to highest-lowest. The previous close price is included. (3) Compute weight and filter noise We need a threshold for the noise filter. The default setting is aov/length, where length means how many days are counted. When a rising or falling value <= threshold, it is not counted. When a rising or falling value > threshold, the counted value = original value - threshold and its weight = min ( counted value , threshold ) (4) compute speed Rising speed = sum ( counted rising value ) / sum ( rising weight ) Falling speed = sum ( counted falling value ) / sum ( falling weight ) (5) Final result Final result = Rising speed / ( Rising speed + Falling speed ) * 100 - 50 I move the middle level to 0 because 0 axis is always visible unless you cannot see negative values or you cannot see positive values. Parameters Length : how many days are counted. The default value is 16 just because 16=4*4, using binary characteristic. Multi : the multiplier of noise threshold. Threshold applied = default threshold * multi src : current not used Conclusion Related Falling Three Methods Indicator can measure the related speed between rising and falling. I hope this indicator can help us to evaluate the possibility of trend continue or reversal and potential breakout direction. After all, we care how trading emotion control the price movement and therefore we can take advantage to it. Reference How to trade with Falling Three Methods pattern How to trade with Related Strength Indicator
Pine Script™ indicator
by clocks156t174
Inside Bar FailureThis indicator provides a statistical report on the Inside Bar Failure candlestick pattern popularized by Trader Dante. Based on the chart's bars, it can improve your edge on any markets and timeframes. The Inside Bar Failure pattern refers to an Inside Bar breakout that failed to sustain momemtum and closed back within it. The report is broken down into the different following sections: retracement , invalidation , continuation and breakout . Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout? While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning. Miscellaneous Highlights patterns on the chart; Supports bar to bar analysis and replay functionalities; Provides counts on the `Data Window` panel for debugging or computing your own metrics; Settings Show/hide for toggling different sections; Report coloring and offset on the x axis; Gaining Access This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
Pine Script™ indicator
by sbtnc
7