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Candlestick analysis

Open Range Breakout (ORB) with Alerts 📘 Open Range Breakout (ORB) Indicator – by thechartsalgo™ 🧠 What It Does: This indicator helps traders identify breakout opportunities from t he initial price range of the trading day — typically the first 15 or 30 minutes after the market opens. It tracks the high and low of a user-defined time window (e.g. 9:30–9:45) and plots these levels on the chart. Once the session range is set, it detects breakouts when price moves above the range high (bullish breakout) or below the range low (bearish breakout). ⚙️ Key Features: ✅ Custom Time Window Define your own start and end time for the range (e.g., 09:30–09:45). ✅ Breakout Signals Arrows show up when price breaks above or below the range after it has formed. ✅ Color Customization Choose your own colors for range lines and background zone. ✅ Background Highlight Optional shaded fill between high/low makes the range visually clear. ✅ Only Show Today's Range Option to hide previous day levels to keep your chart clean. ✅ Alerts Built-in alerts notify you when a breakout occurs — long or short. 📈 How to Use It: Set the start and end time to match your market’s open range (commonly first 15, 30, or 60 minutes). Wait for the range to lock in (highlighted area on chart). Trade the breakout direction once price moves above or below the range. Optionally, use it in combination with volume or price action confirmation. 🔔 Alerts (Optional Setup): ORB Breakout Up → triggers when price closes above the high ORB Breakout Down → triggers when price closes below the low 📌 Who Is It For? Day traders looking to catch early momentum Scalpers using session-based price action Strategy developers who use the opening range as a key concept. ⚠️ Disclaimer: This indicator is for educational and informational purposes only. It is not financial advice, and no guarantees are made regarding its accuracy or effectiveness. All trading involves risk. You are solely responsible for your own trading decisions. Always do your own research and consult with a licensed financial advisor before making any investment decisions. By using this script, you agree that thechartsalgo™, its developers, and affiliates are not liable for any losses or damages resulting from the use of this tool.
Pine Script® indicator
by TheChartsAlgo
Range Filter StrategyThe Range Filter Strategy, based on @DonovanWall Range Filter indicator, is a trend-following trading system designed for TradingView. It identifies price trends by filtering market noise using a dynamic range based on user-defined metrics. Functionality Core Mechanism: The strategy calculates a central filter line (filt) with upper (h_band) and lower (l_band) bands, determined by price range and smoothing parameters, to detect trend direction. Trend Signals: Uptrend: Initiates a long entry when the filter line rises (filt > filt ). Downtrend: Initiates a short entry when the filter line falls (filt < filt ). Range Calculation: The range size is configurable using metrics such as ATR, Standard Deviation, or Percentage of Price, scaled by a user-defined quantity (rng_qty). Smoothing: Optional EMA-based smoothing (smooth_range) refines the range to reduce false signals. Entry/Exit Rules: Entries: Long or short positions are opened when the trend direction changes. Exits: Stop-loss and take-profit levels are set using the filter range, scaled by multipliers (sl_multiplier, tp_multiplier). Position Sizing: Risks a fixed percentage of equity (default 1%) per trade, calculated based on stop-loss distance. Commission: Incorporates trading costs (default 0.1% per trade), adjustable to match broker fees. Key Features Inputs: Filter Type: Select between Type 1 (basic range filter) or Type 2 (step-based filter). Movement Source: Choose wicks (high/low) or close prices. Range Scale: Options include Pips, Points, Ticks, % of Price, ATR, Average Change, or Standard Deviation. Smoothing: Enable/disable range smoothing and set period. Risk Management: Configure risk per trade, stop-loss, and take-profit multipliers. Visuals: Plots the filter line (green for uptrend, red for downtrend) and bands (transparent green/red). Fills between bands enhance visibility. Output: Provides trend signals (fdir) for external use. Usage Instructions Setup: Apply to any chart (e.g., forex, stocks, crypto) and timeframe. Adjust inputs such as rng_qty, rng_per, sl_multiplier, and tp_multiplier to optimize for specific markets. Trading: Enter long positions on green filter line uptrends and short positions on red filter line downtrends. Exits are automated via stop-loss and take-profit. Backtesting: Use TradingView's strategy tester to evaluate performance and refine parameters for profitability. Commission: Set commission_value to align with your broker’s fees for accurate net profit calculations. Disclaimer The Range Filter Strategy is provided for educational and informational purposes only and does not constitute financial advice. Trading carries significant risks, including potential loss of capital, and is not suitable for all investors. Past performance is not indicative of future results. Users are solely responsible for their trading decisions and should conduct thorough backtesting and validation on TradingView before deploying real capital. Adjust parameters and commission settings to reflect your broker and market conditions. Consult a qualified financial advisor prior to trading. The developers and associated parties are not liable for any losses incurred.
Pine Script® strategy
by tradingbauhaus
Swing High/Low (Length 1)How It Works swing High is true when the previous bar's high is higher than both its neighbors. swing Low is true when the previous bar's low is lower than both its neighbors. Shapes are plotted at the bar where the swing actually occurred (offset by -1 to align properly). Tips: This is very sensitive — you might want to combine it with filters like: ATR filter to ignore small swings volume filter to validate significant moves For more meaningful swings, try increasing the window size (e.g., length = 3 or 5).
Pine Script® indicator
by STEEL-CITY-CREATORS
Shooting Star Detector[cryptovarthagam]🌠 Shooting Star Detector The Shooting Star Detector is a powerful price action tool that automatically identifies potential bearish reversal signals using the well-known Shooting Star candlestick pattern. Ideal for traders who rely on candlestick psychology to spot high-probability short setups, this script works across all markets and timeframes. 🔍 What is a Shooting Star? A Shooting Star is a single-candle pattern that typically forms at the top of an uptrend or resistance zone. It’s characterized by: A small body near the candle's low, A long upper wick, and Little or no lower wick. This pattern suggests that buyers pushed price higher but lost control by the close, hinting at potential bearish momentum ahead. ✅ Indicator Features: 🔴 Accurately detects Shooting Star candles in real-time 🔺 Plots a red triangle above every valid signal candle 🖼️ Optional background highlight for visual clarity 🕵️‍♂️ Strict ratio-based detection using: Wick-to-body comparisons Upper wick dominance Optional bearish candle confirmation ⚙️ Detection Logic (Rules Used): Upper wick > 60% of total candle range Body < 20% of total candle Lower wick < 15% of candle range Bearish candle (optional but included for accuracy) These rules ensure high-quality signals that filter out false positives. 📌 Best Use Cases: Spotting trend reversals at swing highs Confirming entries near resistance zones Enhancing price action or supply/demand strategies Works on: Crypto, Forex, Stocks, Commodities 🧠 Trading Tip: Pair this detector with volume confirmation, resistance zones, or bearish divergence for higher-probability entries. 📉 Clean, minimal, and non-repainting — designed for traders who value accuracy over noise. Created with ❤️ by Cryptovarthagam Follow for more real-time price action tools!
Pine Script® indicator
by cryptovarthagam
Volume-Enhanced Candlestick Patterns 1 Overview Scans for four major candlestick reversal patterns: Harami Engulfing Morning/Evening Star Piercing Line/Dark Cloud Cover Underlying logic assumes that, at a turning point, the dominant side (bulls or bears) often delivers a “final” push—either a last surge of buying or selling—before the reversal truly takes hold. Pattern Toggles Each individual pattern can be turned on or off in the inputs. Enable only the patterns you want to monitor to reduce chart clutter and speed up performance. Volume Filter Toggle On: Requires volume-based exhaustion or climax to confirm each pattern. Off: Relies purely on price-action candlestick logic (no volume checks). Grouped Labels & Confluence When one or more patterns trigger on the same bar close, a single label is drawn: Grouping multiple confirmed patterns on one bar increases confluence and signal strength. Climax Volume × Multiplier Adjusting this input affects signal frequency and conviction: Higher multiplier → fewer signals but with stronger volume confirmation Lower multiplier → more signals, each with a looser volume requirement Alerts Built-in alert condition for each individual pattern (bullish/bearish Harami, Engulfing, Star, Piercing, Dark Cloud Cover), so you can receive real-time notifications whenever a confirmation occurs. Follow for Weekly Scripts If you find this helpful, please hit Follow and 🚀button —I release a new scripts every week. Disclaimer Not Financial Advice. This script is for educational and research purposes only. Use as Part of a Larger System. It should not be used in isolation; combine it with your own risk management rules, additional indicators, and broader market analysis. No Guarantees. Candlestick patterns and volume filters can improve signal quality, but they do not guarantee profitable trades. Always perform your own due diligence before entering any position.
Pine Script® indicator
by Alex_Algo
eriktrades1995: supply demandThe Institutional Supply and Demand Zones indicator aims to identify and mark key price reversal areas on charts. These zones are considered places where institutions (large funds) concentrate their buying (forming demand zones) or selling (forming supply zones). The core logic involves processing each candlestick sequentially. Before identifying new zones, the indicator checks if existing ones are still valid: demand zones become invalid if the current low breaks below their bottom, and supply zones become invalid if the current high breaks above their top. The most crucial part is identifying new zones, primarily based on the combination of the "previous" and "current" candlesticks. A demand zone (potential support) typically forms when a strong bullish candlestick (e.g., engulfing or significant reversal) appears after a bearish or doji candlestick, indicating strong buying interest. Conversely, a supply zone (potential resistance) usually forms when a strong bearish candlestick appears after a bullish or doji candlestick, signaling strong selling interest. The boundaries of these zones are typically derived from the open, high, or low prices of the candlesticks that form the pattern. Finally, the indicator draws the most recent and still valid supply zones (often filled in red as resistance) and demand zones (often filled in green as support) on the chart, up to a predefined maximum number. In essence, this indicator analyzes price action, particularly comparing candlestick body sizes and engulfing relationships, to pinpoint price levels where significant institutional buying or selling power might be concentrated. These zones can then act as support or resistance when prices re-approach them in the future.
Pine Script® indicator
by eriktrades95
Liquidity Sweep Candlestick Pattern with MA Filter📌 Liquidity Sweep Candlestick Pattern with MA Filter This custom indicator detects liquidity sweep candlestick patterns—price action events where the market briefly breaks a previous candle’s high or low to trap traders—paired with optional filters such as moving averages, color change candles, and strictness rules for better signal accuracy. 🔍 What is a Liquidity Sweep? A liquidity sweep occurs when the price briefly breaks the high or low of a previous candle and then reverses direction. These events often occur around key support/resistance zones and are used by institutional traders to trap retail positions before moving the price in the intended direction. 🟢 Bullish Liquidity Sweep Criteria The current candle is bullish (closes above its open). The low of the current candle breaks the low of the previous candle. The candle closes above the previous candle’s open. Optionally, in Strict mode, it must also close above the previous candle’s high. Optionally, it can be filtered to only show if the candle changed color from the previous one (e.g., red to green). Can be filtered to only show when the price is above or below a moving average (if MA filter is enabled). 🔴 Bearish Liquidity Sweep Criteria The current candle is bearish (closes below its open). The high of the current candle breaks the high of the previous candle. The candle closes below the previous candle’s open. Optionally, in Strict mode, it must also close below the previous candle’s low. Optionally, it can be filtered to only show if the candle changed color from the previous one (e.g., green to red). Can be filtered to only show when the price is above or below a moving average (if MA filter is enabled). ⚙️ Features & Customization ✅ Signal Strictness Choose between: Less Strict (default): Basic wick break and close conditions. Strict: Must close beyond the wick of the previous candle. ✅ Color Change Candles Only Enable this to only show patterns when the candle color changes (e.g., from red to green or green to red). Helps filter fake-outs. ✅ Moving Average Filter (optional) Supports several types of MAs: SMA, EMA, WMA, VWMA, RMA, HMA Choose whether signals should only appear above or below the selected moving average. ✅ Custom Visuals Show short (BS) or full (Bull Sweep / Bear Sweep) labels Plot triangles or arrows to represent bullish and bearish sweeps Customize label and shape colors Optionally show/hide the moving average line ✅ Alerts Includes alert options for: Bullish sweep Bearish sweep Any sweep 📈 How to Use Add the indicator to your chart. Configure the strictness, color change, or MA filters based on your strategy. Observe signals where price is likely to reverse after taking out liquidity. Use with key support/resistance levels, order blocks, or volume zones for confluence. ⚠️ Note This tool is for educational and strategy-building purposes. Always confirm signals with other indicators, context, and sound risk management.
Pine Script® indicator
by OLLIE_MAC
Vertical Line at Specific TimeDraws a vertical line at a specific time. Vertical lines at specific times of the day may help make it easier to identify parts of a session. If you know you perform better during certain parts of the day utilize these lines to help stay aware of your trading session. The hours seem a bit buggy but just adjust the time to make the lines what you want to see on the chart. The time can be adjusted in settings to get what you want it to do.
Pine Script® indicator
by vpmcb
Canuck Trading Projection IndicatorCanuck Trading Projection Indicator Overview The Canuck Trading Projection Indicator is a powerful PineScript v6 tool designed for TradingView to project potential bullish and bearish price trajectories based on historical price and volume movements. It provides traders with actionable insights by estimating future price targets and assigning confidence levels to each outlook, helping to identify probable market directions across any timeframe. Ideal for both short-term and long-term traders, this indicator combines momentum analysis, RSI filtering, support/resistance detection, and time-weighted trend analysis to deliver robust projections. Features Bullish and Bearish Projections: Forecasts price targets for upward (bullish) and downward (bearish) movements over a user-defined projection period (default 20 bars). Confidence Levels: Assigns percentage confidence scores to each outlook, reflecting the likelihood of the projected price based on historical trends, volatility, and volume. RSI Filter: Incorporates a 14-period Relative Strength Index (RSI) to validate trends, requiring RSI > 50 for bullish and RSI < 50 for bearish signals. Support/Resistance Detection: Adjusts confidence levels when projections are near key swing highs/lows (within 2% of average price), boosting confidence by 5% for alignments. Time-Based Weighting: Prioritizes recent price movements in trend analysis, giving more weight to newer bars for improved relevance. Customizable Inputs: Allows users to tailor lookback period, projection bars, RSI period, confidence threshold, colors, and label positioning. Forced Label Spacing: Prevents overlap of bullish and bearish text labels, even for tight projections, using fixed vertical slots when price differences are small (<2% of average price). Timeframe Flexibility: Works seamlessly across all TradingView timeframes (e.g., 30-minute, hourly, daily, weekly, monthly), adapting projections to the chart’s resolution. Clean Visualization: Displays projections as green (bullish) and red (bearish) dashed lines, with non-overlapping text labels at the projection endpoints showing price targets and confidence levels. How It Works The indicator analyzes historical price and volume data over a user-defined lookback period (default 50 bars) to calculate: Momentum: Combines price changes and volume to assess trend strength, using a weighted moving average (WMA) for directional bias. Trend Analysis: Counts bullish (price up, volume above average, RSI > 50) and bearish (price down, volume above average, RSI < 50) trends, weighting recent bars more heavily. Projections: Bullish Slope: Positive or flat when momentum is upward, scaled by price change and momentum intensity. Bearish Slope: Negative or flat when momentum is downward, amplified by bearish confidence for stronger projections. Projects prices forward by 20 bars (default) using current close plus slope times projection bars. Confidence Levels: Base confidence derived from the proportion of bullish/bearish trends, with a 5% minimum to avoid zero confidence. Adjusted by volatility (lower volatility increases confidence), volume trends, and proximity to support/resistance levels. Visualization: Draws projection lines from the current close to the 20-bar future target. Places text labels at line endpoints, showing price targets and confidence percentages, with forced spacing for readability. Input Parameters Lookback Period (default: 50): Number of bars for historical analysis (minimum 10). Projection Bars (default: 20): Number of bars to project forward (minimum 5). Confidence Threshold (default: 0.6): Minimum confidence for strong trend indication (0.1 to 1.0). Bullish Projection Line Color (default: Green): Color for bullish projection line and label. Bearish Projection Line Color (default: Red): Color for bearish projection line and label. RSI Period (default: 14): Period for RSI momentum filter (minimum 5). Label Vertical Offset (%) (default: 1.0): Base offset for labels as a percentage of price range (0.1% to 5.0%). Minimum Label Spacing (%) (default: 2.0): Minimum vertical spacing between labels for tight projections (0.5% to 10.0%). Usage Instructions Add to Chart: Copy the script into TradingView’s Pine Editor, save, and add the indicator to your chart. Select Timeframe: Apply to any timeframe (e.g., 30-minute, hourly, daily, weekly, monthly) to match your trading strategy. Interpret Outputs: Green Line/Label: Bullish price target and confidence (e.g., "Bullish: 414.37, Confidence: 35%"). Red Line/Label: Bearish price target and confidence (e.g., "Bearish: 279.08, Confidence: 41.3%"). Higher confidence indicates a stronger likelihood of the projected outcome. Adjust Inputs: Modify Lookback Period to focus on shorter/longer historical trends (e.g., 20 for short-term, 100 for long-term). Change Projection Bars to adjust forecast horizon (e.g., 10 for shorter, 50 for longer). Tweak RSI Period or Confidence Threshold for sensitivity to momentum or trend strength. Customize Colors for visual preference. Increase Minimum Label Spacing if labels overlap in volatile markets. Combine with Analysis: Use alongside other indicators (e.g., moving averages, Bollinger Bands) or fundamental analysis to confirm signals, as projections are probabilistic. Example: TSLA Across Timeframes Using live TSLA data (close ~346.46 USD, May 31, 2025), the indicator produces: 30-Minute: Bullish 341.93 (13.3%), Bearish 327.96 (86.7%) – Strong bearish sentiment due to intraday volatility. 1-Hour: Bullish 342.00 (33.9%), Bearish 327.50 (62.3%) – Bearish but less intense, reflecting hourly swings. 4-Hour: Bullish 345.52 (73.4%), Bearish 344.44 (19.0%) – Flat outlook, indicating consolidation. Daily: Bullish 391.26 (68.8%), Bearish 302.22 (31.2%) – Bullish bias from recent uptrend, bearish tempered by longer lookback. Weekly: Bullish 414.37 (35.0%), Bearish 279.08 (41.3%) – Wide range, reflecting annual volatility. Monthly: Bullish 396.70 (54.9%), Bearish 296.93 (10.2%) – Long-term bullish optimism. These results align with market dynamics: short-term intervals capture volatility, while longer intervals smooth trends, providing balanced outlooks. Notes Accuracy: Projections are estimates based on historical data and should be used with other analysis tools. Confidence levels indicate likelihood, not certainty. Timeframe Sensitivity: Short-term intervals (e.g., 30-minute) show larger price swings and higher confidence due to volatility, while longer intervals (e.g., monthly) are more stable. Customization: Adjust inputs to match your trading style (e.g., shorter lookback for day trading, longer for swing trading). Performance: Tested on volatile stocks like TSLA, NVIDIA, and others, ensuring robust performance across markets. Limitations: May produce conservative bearish projections in strong uptrends due to momentum weighting. Adjust lookback or projection_bars for sensitivity. Feedback If you encounter issues (e.g., label overlap, projection mismatches), please share your timeframe, settings, or a screenshot. Suggestions for enhancements (e.g., additional filters, visual tweaks) are welcome! Disclaimer The Canuck Trading Projection Indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves significant risks, and past performance is not indicative of future results. Always perform your own due diligence and consult a qualified financial advisor before making trading decisions.
Pine Script® indicator
by ctoincanada
PinBar Finder | @CRYPTOKAZANCEVPinBar Finder | @CRYPTOKAZANCEV This script helps traders identify high-probability reversal points based on price action, specifically Pin Bars — a well-known candlestick pattern used in technical analysis. What does the indicator do? It detects bullish and bearish Pin Bars using a custom method for wick-to-body ratio and filters based on historical volatility (pseudo-ATR). A label appears on the chart with detailed info on wick and body size when a valid signal is found. How does it work? - The indicator calculates a pseudo-ATR based on the percentage range of the last 1000 candles. - It then multiplies this value by a user-defined factor (default: 1.1) to set a dynamic threshold for wick size. - Bullish Pin Bars are detected when the lower wick is at least 1.1 times the body and greater than the dynamic ATR. - Bearish Pin Bars are detected when the upper wick meets similar conditions. - Signals are shown using chart labels with exact wick/body percentages. - Alerts are included for automation or integration with trading bots. How to use it? - Add the indicator to any timeframe and asset. - Use the alerts to notify you when a Pin Bar appears. - Ideal for traders who use candlestick reversal strategies or combine price action with other confluence tools. - You can adjust the wick length multiplier to fit the volatility of the instrument. What makes it original? Unlike many public scripts that use fixed ratios, this script adapts wick length detection based on recent volatility (pseudo-ATR logic). This makes it more dynamic and suitable for different markets and timeframes. Developed by: @ZeeZeeMon Original author name on chart: @CRYPTOKAZANCEV This script is open-source and educational. Use at your own discretion. PinBar Finder | @CRYPTOKAZANCEV Этот скрипт помогает трейдерам находить точки потенциального разворота на основе прайс-экшена, а именно — свечного паттерна «Пин-бар». Индикатор автоматически определяет бычьи и медвежьи пин-бары с учетом адаптивных параметров волатильности. Что делает индикатор? Скрипт ищет свечи, у которых тень в несколько раз превышает тело (пин-бары), и отображает на графике точную информацию о длине тела и тени. Это полезно для трейдеров, использующих свечные сигналы на разворот. Как работает? - Рассчитывается псевдо-ATR по 1000 последним свечам на основе процентного диапазона high-low. - Этот ATR умножается на заданный множитель (по умолчанию: 1.1), чтобы динамически задать минимальную длину тени. - Бычий пин-бар определяется, когда нижняя тень больше тела в 1.1 раза и превышает ATR. - Медвежий пин-бар — аналогично, но для верхней тени. - Индикатор отображает лейблы с точными значениями тела и тени. - Реализованы условия для оповещений (alerts). Как использовать? - Добавьте индикатор на нужный график и таймфрейм. - Настройте alerts, чтобы не пропустить сигналы. - Особенно полезен для трейдеров, работающих со свечным анализом, стратегиями разворота, а также в сочетании с другими индикаторами. В чем оригинальность? В отличие от многих скриптов, использующих фиксированные параметры, здесь используется динамический расчет длины тени на основе волатильности. Это делает скрипт адаптивным к рынку и таймфрейму. Разработчик: @ZeeZeeMon Оригинальное имя автора на графике: @CRYPTOKAZANCEV Скрипт является открытым и предназначен для образовательных целей. Используйте на своё усмотрение.
Pine Script® indicator
by cryptokazancev
My Trading mantra/playbook🧠 My Trading Mantra — Motivational Trading Reminder Overlay This indicator displays a customizable trading mantra as an overlay on your TradingView charts to keep your mindset sharp and disciplined during trading sessions. You can customize the mantra text, font size, text color, background color, transparency, and screen position (top, middle, bottom, left, right, center). It’s designed to serve as a constant motivational reminder emphasizing core trading principles like planning, risk management, patience, and learning from losses to grow profits. Features: Customizable multi-line mantra text input Adjustable font size (small to huge) Color customization for text and background Adjustable background transparency Multiple screen position options for display Lightweight and simple overlay, no performance impact Purpose: To help traders stay mentally focused and disciplined by having their personalized mantra visible at all times while analyzing charts. Additionally, it can be used as a trading plan or playbook, allowing traders to display their key rules, strategies, or reminders directly on their charts for quick reference during live trading. code is open with love. you are a good trader don't let the markets tell you diffrent.
Pine Script® indicator
by adishaz