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Candlestick analysis

Long Explosive V1The “Long Explosive V1” strategy calculates the percentage change in price from the last closing price of the candlestick, so that if it increases by a certain percentage it goes long, but if it decreases by another percentage it sends an exit order, so that the percentage limits above and below the current price function as inherent stop loss and take profit, with the benefit of taking advantage of the volatility of the bull market. Entries and exits are always at the market and based on percentage changes in the price. Of course, the default configuration of the strategy considers a position with a 5% risk control, modest initial capital and standard commissions, which helps to obtain realistic results and protect the user from unexpectedly controlled potential losses. It is again emphasized that it is always advisable to adjust the parameters of the strategy well, so that the risk-reward is well controlled.
Pine Script® strategy
by morzns
Simple Candle Countdown TimerDescription: This lightweight and customizable TradingView indicator displays a real-time countdown timer for the current candle directly on your chart. The timer updates every second and shows the time remaining until the current candle closes, in the format MM:SS. 🔧 Features: Adjustable X/Y offset to position the timer anywhere on the chart Customizable text color, background color, and text size Clear and minimal design for easy visibility Ideal for scalpers, intraday traders, or anyone who wants precise awareness of candle close timing.
Pine Script® indicator
by Tonotoloco
Hybrid Heikin Ashi OverlayHybrid Heikin Ashi Overlay I personally like Heikin Ashi for its simplicity in showing clean trends. However, it tends to smooth out price action so much that we sometimes miss key signals from the actual candles. This indicator overlays Heikin Ashi-style background colors while keeping regular candles intact — giving you the best of both worlds: • Smoother trend visibility • No loss of execution precision • Customizable colors & transparency 🔹 No repainting 🔹 No strategy logic — purely visual 🔹 Designed to reduce clutter and help traders stay focused on structure Created by: @yug_and_her
Pine Script® indicator
by yug_and_her
X OC StoryOverview The "X OC Story" is a Pine Script indicator that visualizes the Open-Close range of a higher timeframe (HTF) candle on a lower timeframe chart. By plotting dynamic lines to represent the open and close prices of the previous HTF bar, this tool gives traders a clearer context of recent market sentiment and structural shifts. It includes color-coded visual fills to distinguish between bullish and bearish candles and offers the option to display only the most recent range. Concept 1. Multi-Timeframe Analysis (MTF) At its core, this indicator utilizes multi-timeframe analysis by requesting open, high, low, and close values from a user-defined HTF (input.timeframe('60')) and applying them to a lower timeframe chart. This allows traders to incorporate higher timeframe information without switching chart intervals. 2. Timeframe Change Detection The indicator detects when a new HTF candle begins which lets the script know when to capture and visualize a new set of HTF open-close values. 3. Encapsulation with Custom Type (candles) The script defines a custom type candles to encapsulate OHLC values of the previous HTF candle. This improves code readability and structure by keeping all relevant HTF data in a single object. 4. Dynamic Line Drawing When a new HTF candle is detected, two horizontal lines are drawn for Open and Close. These are updated dynamically on each bar to extend across the entire HTF candle range on the lower timeframe chart. 5. Visual Highlighting a shaded area is drawn between the open and close lines which help highlight market structure without overwhelming the chart. 6. Selective Persistence of Drawings Users can enable deleteOld to show only the most recent HTF open-close range. When enabled, previously drawn lines are tracked in an array and deleted upon creation of a new range, keeping the chart clean and focused. How a Trader Might Use This Tool Contextual Decision-Making This indicator helps traders see where the market is trading relative to the previous HTF candle: Trading above the HTF close may suggest bullish continuation Trading below the HTF open may indicate a bearish reversal or breakdown Confluence Zones The open and close lines of HTF candles often act as support/resistance levels. A trader might: Watch for rejections or breakouts at these levels Use them in confluence with intraday setups or trend indicators Scalping or Intraday Strategy Support Since this visual is drawn on a lower timeframe (like 5m or 15m), it’s particularly useful for scalpers or day traders who want to factor in HTF sentiment without leaving their active chart. Cleaner Charting With the optional setting to display only the most recent range (deleteOld), traders avoid clutter and focus on the current actionable zone. Summary “X OC Story” is a clean, visual, and effective multi-timeframe utility that helps traders: Identify HTF open-close context Highlight possible support/resistance zones Analyze sentiment and structure visually It’s an excellent addition to any discretionary trader’s toolkit for improved context awareness and informed entries or exits.
Pine Script® indicator
by KinetiCapital
Abusuhil Bullish Candles (Label + Table)Abusuhil Bullish Candles is a pattern recognition indicator designed to identify key bullish reversal candlestick formations including Hammer, Bullish Engulfing, Morning Star, Piercing Line, Three White Soldiers, and Three Inside Up. The script includes optional filters such as Stochastic and Volume Confirmation, providing more precise signal detection. Each pattern and filter is fully customizable via settings. Alerts are also included to support active trading workflows. This script was written originally and does not copy open-source indicators. It's ideal for traders seeking visual clarity on bullish opportunities with professional-grade logic. مؤشر الشموع الصعودية هو مؤشر احترافي يكتشف أبرز نماذج الانعكاس الصعودي في الشموع اليابانية مثل: Hammer، Bullish Engulfing، Morning Star، Piercing Line، Three White Soldiers، و Three Inside Up. يوفر المؤشر فلاتر إضافية مثل فلتر Stochastic وفلتر الفوليوم لتعزيز دقة الإشارات. جميع الإعدادات قابلة للتعديل بما يتناسب مع احتياج كل متداول. يحتوي المؤشر أيضًا على تنبيهات تلقائية لدعم استراتيجيات التداول اللحظي. تمت برمجة المؤشر من الصفر ويعتمد على منطق خاص غير منسوخ من سكربتات مفتوحة المصدر. -------------------------------------------------------------------------------------------------------------------- 🇸🇦 التحديثات – النسخة الجديدة (Abusuhil Bullish Candles) ✅ تم تغيير الملصقات بشكل أوضح: باستخدام دوائر ملونة أسفل الشموع بدلًا من المربعات لتفادي التراكب. 🟦 إضافة جدول تفاعلي على الشارت يعرض أسماء النماذج وألوانها المخصصة. 🎨 إمكانية تغيير ألوان كل نموذج من الإعدادات حسب رغبة المستخدم. 🧩 تفعيل/تعطيل كل نموذج على حدة من خلال إعدادات منفصلة. 🔔 إضافة تنبيه احترافي واحد يتم تفعيله عند تحقق أي نموذج نشط من النماذج المحددة. 📋 توافق كامل مع سياسة TradingView: لا يحتوي على أكواد منسوخة أو مبنية على مؤشرات داخلية. لا تكرار للوظائف أو العناوين. وصف واضح مع تحكم كامل للمستخدم. 🇬🇧 Updates – Latest Version (Abusuhil Bullish Candles) ✅ Clearer Signal Labels: Now uses colored circles under candles instead of labels to avoid overlapping. 🟦 Interactive Table showing pattern names and user-defined colors. 🎨 Customizable colors for each candlestick pattern from the settings menu. 🧩 Toggle each pattern independently using dedicated checkboxes. 🔔 Single professional alert condition that triggers only when any enabled pattern is detected. 📋 Fully compliant with TradingView's publishing policy: No reused or built-in indicator code. No duplicated logic or misleading titles. Clean and modular design with full user customization.
Pine Script® indicator
by abusuhil
Delta Volume Color CoderDelta Volume Color Coder - Smart Money Footprint Visualizer OVERVIEW The Delta Volume Color Coder is a clean, minimalist indicator that highlights candles with exceptional delta volume, helping you instantly identify where smart money is actively trading. Unlike complex volume indicators that clutter your chart, this tool simply colors candles when institutional-level volume appears, leaving your normal price action untouched. WHAT IS DELTA VOLUME? Delta volume represents the difference between buying and selling pressure within each candle. Positive delta indicates more aggressive buying, while negative delta shows stronger selling. When delta reaches extreme levels, it often signals institutional activity or significant market events. KEY FEATURES - Clean Chart Design - Only colors candles with significant delta volume - No Chart Compression - Overlay indicator that doesn't distort price scales - Smart Detection - Automatically calculates dynamic thresholds based on recent activity - Customizable Thresholds - Adjust sensitivity to match your trading style - Multiple Calculation Methods - Classic or Range-Based delta calculations COLOR CODING (Default) - White Candles - Extreme positive delta (massive institutional buying) - Green Candles - High positive delta (strong buying pressure) - Red Candles - High negative delta (strong selling pressure) - Violet Candles - Extreme negative delta (massive institutional selling) - Normal Candles - Unchanged (standard TradingView red/green) HOW TO USE 1. Add to any chart - Works on all timeframes and instruments 2. Look for colored candles - These mark significant volume events 3. White/Violet candles often mark reversals or breakouts 4. Multiple colored candles in sequence indicate strong trends 5. Colored candles at support/resistance levels are especially significant SETTINGS EXPLAINED - Lookback Period (20) - Bars used to calculate average delta - High Delta Threshold (1.5x) - Triggers green/red coloring - Extreme Delta Threshold (2.5x) - Triggers white/violet coloring - Delta Calculation - Classic (open/close) or Range Based (close position) - Color Wicks - Option to color entire candle or just the body - All colors fully customizable TRADING APPLICATIONS - Reversal Detection - White/violet candles often mark exhaustion points - Breakout Confirmation - Colored candles on breakouts show conviction - Support/Resistance - High delta at key levels indicates significance - Trend Strength - Frequency of colored candles shows trend momentum - Institutional Tracking - Extreme delta reveals where big players are active BEST PRACTICES - Lower timeframes (1-15m) - Use for scalping and day trading entries - Higher timeframes (1H+) - Identify major accumulation/distribution - Combine with price action - Most effective at key technical levels - Watch for clusters - Multiple extreme candles = major event - Volume confirmation - Extreme delta + high volume = highest significance TIPS FOR SUCCESS 1. White candles after downtrends often mark bottoms 2. Violet candles after uptrends often mark tops 3. Consecutive colored candles confirm trend direction 4. Lack of colored candles = low volatility, potential breakout ahead 5. Extreme delta at round numbers indicates institutional interest WHY THIS INDICATOR? - Simple Yet Powerful - No complex analysis needed - Instant Visual Feedback - See institutional activity at a glance - Clean Charts - No overlays, lines, or clutter - Real-Time Detection - Updates with each new candle - Universal Application - Works on stocks, forex, crypto, futures UNIQUE ADVANTAGES Unlike traditional volume indicators that require separate panes or compress your chart, the Delta Volume Color Coder seamlessly integrates with your existing setup. It answers one simple question: "Where is the smart money trading RIGHT NOW?" Perfect for traders who want institutional-level insights without the complexity. Just add to your chart and let the colors guide you to where the real action is happening.
Pine Script® indicator
by padavans
Abusuhil Bullish CandlesAbusuhil Bullish Candles is a pattern recognition indicator designed to identify key bullish reversal candlestick formations including Hammer, Bullish Engulfing, Morning Star, Piercing Line, Three White Soldiers, and Three Inside Up. The script includes optional filters such as Stochastic and Volume Confirmation, providing more precise signal detection. Each pattern and filter is fully customizable via settings. Alerts are also included to support active trading workflows. This script was written originally and does not copy open-source indicators. It's ideal for traders seeking visual clarity on bullish opportunities with professional-grade logic. مؤشر الشموع الصعودية هو مؤشر احترافي يكتشف أبرز نماذج الانعكاس الصعودي في الشموع اليابانية مثل: Hammer، Bullish Engulfing، Morning Star، Piercing Line، Three White Soldiers، و Three Inside Up. يوفر المؤشر فلاتر إضافية مثل فلتر Stochastic وفلتر الفوليوم لتعزيز دقة الإشارات. جميع الإعدادات قابلة للتعديل بما يتناسب مع احتياج كل متداول. يحتوي المؤشر أيضًا على تنبيهات تلقائية لدعم استراتيجيات التداول اللحظي. تمت برمجة المؤشر من الصفر ويعتمد على منطق خاص غير منسوخ من سكربتات مفتوحة المصدر.
Pine Script® indicator
by abusuhil
Candle Breakout Oscillator [LuxAlgo]The Candle Breakout Oscillator tool allows traders to identify the strength and weakness of the three main market states: bullish, bearish, and choppy. Know who controls the market at any given moment with an oscillator display with values ranging from 0 to 100 for the three main plots and upper and lower thresholds of 80 and 20 by default. 🔶 USAGE The Candle Breakout Oscillator represents the three main market states, with values ranging from 0 to 100. By default, the upper and lower thresholds are set at 80 and 20, and when a value exceeds these thresholds, a colored area is displayed for the trader's convenience. This tool is based on pure price action breakouts. In this context, we understand a breakout as a close above the last candle's high or low, which is representative of market strength. All other close positions in relation to the last candle's limits are considered weakness. So, when the bullish plot (in green) is at the top of the oscillator (values above 80), it means that the bullish breakouts (close below the last candle low) are at their maximum value over the calculation window, indicating an uptrend. The same interpretation can be made for the bearish plot (in red), indicating a downtrend when high. On the other hand, weakness is indicated when values are below the lower threshold (20), indicating that breakouts are at their minimum over the last 100 candles. Below are some examples of the possible main interpretations: There are three main things to look for in this oscillator: Value reaches extreme Value leaves extreme Bullish/Bearish crossovers As we can see on the chart, before the first crossover happens the bears come out of strength (top) and the bulls come out of weakness (bottom), then after the crossover the bulls reach strength (top) and the bears weakness (bottom), this process is repeated in reverse for the second crossover. The other main feature of the oscillator is its ability to identify periods of sideways trends when the sideways values have upper readings above 80, and trending behavior when the sideways values have lower readings below 20. As we just saw in the case of bullish vs. bearish, sideways values signal a change in behavior when reaching or leaving the extremes of the oscillator. 🔶 DETAILS 🔹 Data Smoothing The tool offers up to 10 different smoothing methods. In the chart above, we can see the raw data (smoothing: None) and the RMA, TEMA, or Hull moving averages. 🔹 Data Weighting Users can add different weighting methods to the data. As we can see in the image above, users can choose between None, Volume, or Price (as in Price Delta for each breakout). 🔶 SETTINGS Window: Execution window, 100 candles by default 🔹 Data Smoothing Method: Choose between none or ten moving averages Smoothing Length: Length for the moving average Weighting Method: Choose between None, Volume, or Price 🔹 Thresholds Top: 80 by default Bottom: 20 by default
Pine Script® indicator
by LuxAlgo
4
Liquidity Sweep Reversal [Grimoire]The Liquidity Sweep Reversal indicator is designed to spot potential turning points by watching for “liquidity sweeps” above key prior highs. Specifically, it marks when price briefly pushes above levels such as: The high of the previous candle The high of the prior trading day The high of the previous week These sweeps often trigger stop-hunts or liquidity hunts, after which price frequently reverses. By highlighting those moments, the indicator helps you anticipate and trade these reversal moves more easily.
Pine Script® indicator
by manakas_619
Best FracktalsKey Features: Fractal Detection: The script detects both top and bottom fractals using custom logic based on candle body highs and lows, not wicks. Customizable Parameters: Number of candles (len) to check on each side of the central bar to determine if it forms a fractal. Number of fractals (fractalCount) to remember and draw lines for. Visual Indicators: A red downward triangle marks top fractals above the bar. A green upward triangle marks bottom fractals below the bar. Fractal Lines: Draws up to fractalCount horizontal lines across the chart at the levels of the most recent fractals. Lines update dynamically as new fractals are detected. Logic Overview: Top Fractal: The central candle has a higher body high than surrounding candles. Bottom Fractal: The central candle has a lower body low than surrounding candles. Ensures no duplicate fractals are marked on equal highs or lows.
Pine Script® indicator
by TradePro1000
Elliott Wave + Fib Levels w/Alerts [Enhanced]Elliott Wave + Fibonacci Levels with Alerts This powerful TradingView indicator combines Elliott Wave detection with customizable Fibonacci retracement levels to help identify key price zones and potential trade opportunities. It automatically detects bullish and bearish waves based on recent highs and lows, with an optional EMA filter to improve trend accuracy. Key features include: Dynamic detection of Elliott Waves based on configurable wave length. Visualization of Fibonacci retracement levels on detected waves, with customizable percentage levels and optional labels for clarity. ATR-based automatic calculation of stop loss and take profit levels with adjustable multipliers. Real-time alerts triggered on new wave formations, indicating bullish or bearish setups with precise entry price details. Clean plotting of entry signals, stop loss, and take profit zones directly on the chart. User-friendly input controls to tailor the indicator to your trading style, including options to toggle EMA filtering, Fibonacci level display, and alert activation. Ideal for traders looking to combine classic wave analysis with Fibonacci support/resistance levels and actionable trade alerts, this indicator streamlines technical analysis and trade management in one easy-to-use tool.
Pine Script® indicator
by khalsaji96
Auto FaustAuto Faust – Intraday Market Context & Structure Auto Faust is a visual market overlay designed for intraday traders who want fast context without relying on signals or automation. It combines classic price tools — VWAP, EMAs, RSI, Chop Score, and market structure trendlines — into a single glanceable dashboard. 🔍 What It Does: VWAP (Volume Weighted Average Price): Shows the day's fair value price anchor. EMAs (3, 21, 113, 200): Map short-term to long-term trend alignment. Crossovers can be used for confluence or caution. RSI (10): Monitors local momentum. Displayed in a compact table. Chop Score: Measures how directional price action is. High chop = ranging conditions; low = trending. Session High/Low Tracker: Tracks the daily extremes in real-time. Volume Monitor: Shows current candle volume, color-coded vs previous bar (green = higher, red = lower). Dynamic Support & Resistance Lines: Plotted from pivot highs/lows (not static levels). Automatic Trendlines: Drawn from swing structure, updating live. 📊 How to Use: Use EMAs + VWAP alignment to assess directional bias. Confirm clean trends with low Chop Score and RSI support. Watch for price interaction around dynamic S/R lines and trendline breaks. Use volume coloring to assess if momentum is increasing or fading. No buy/sell signals are generated — this is a trader-facing tool to guide discretionary decision-making.
Pine Script® indicator
by Bro_Faust
MTF Candle Direction Forecast + Breakdown🧭 MTF Candle Direction Forecast + Breakdown 🔥📈🔼 This script is a multi-timeframe (MTF) price action dashboard that helps traders assess real-time directional bias across five customizable timeframes — with a focus on candle behavior, trend alignment, and confidence strength. 📌 What It Does For each timeframe, this dashboard summarizes: Current direction → Bullish, Bearish, or Neutral Confidence score (0–100) → How strongly price is likely to continue in that direction Candle strength → 🔥 icon appears if the current candle has a large body relative to its range Trend alignment: 📈 = EMA9 is above EMA20 🔼 = Price is above VWAP Color-coded background to visually reinforce directional state Each row gives you a visual “at-a-glance” readout of what price is doing right now — not in the past. 💡 Why It’s Useful ✅ Direction forecasting based on price action Instead of lagging indicators, this script prioritizes: Candle body-to-range ratio (momentum) Real-time VWAP/EMA structure Immediate price positioning ✅ Confidence is quantified The score (0–100) helps you judge how reliable each directional signal is: 90+ → Strong conviction 50–70 → Mixed but potentially valid <40 → Weak move or early signal ✅ Timeframe confluence at a glance See whether multiple timeframes are aligning directionally — helpful for scalping, day trading, or waiting for multi-timeframe breakout setups. ✅ Visual & intuitive Icons, colors, and layout make it easy to scan your dashboard instead of deciphering charts or code. 🛠️ Adjustable Settings Setting Description Timeframe 1–5 Choose any timeframes to monitor (e.g., 5m, 15m, 1h, 4h) Candle Display Mode Show trend color via emoji (🟢/🔴) or background shading Strong Candle Threshold Adjust the body-to-range % needed to trigger 🔥 strength Bullish/Bearish Background Customize label color coding Neutral Background (opacity) Set transparency or styling for flat/consolidating zones Table Location Place the dashboard anywhere on the chart 🎯 Use Cases Scalpers: Confirm trend across 1m/5m/15m before entering Day Traders: Use confidence score to avoid low-momentum setups Swing Traders: Monitor higher timeframes for trend shifts while tracking intraday noise VWAP/EMA traders: Quickly see when price is reclaiming or losing critical trend levels 🧠 What Makes It Unique? Unlike generic trend meters or mashups of standard indicators, this script: Uses live candle dynamics (not just closes or lagging values) Computes directional bias and confidence together Visualizes strength and structure in a compact, readable interface Let’s you filter by price action, not just indicator alignment 💥 Why Traders Love Will Love It ✅ Instant clarity on which timeframes agree ✅ No more guessing candle strength or trend health ✅ Confidence score keeps you out of weak trades ✅ Works with any strategy — trend following, VWAP reclaim, EMA scalps, even breakouts ✅ Keeps your chart clean — all the context, none of the clutter ⚠️ Transparency🧬 Under the Hood Powered by live candle body analysis, trend structure (EMA9 vs EMA20), and VWAP placement. All scores are generated in real-time — No repainting or lookahead bias: all values are computed with lookahead=barmerge.lookahead_on Confidence scores reflect the current candle only — they do not predict future moves but measure momentum and alignment in real-time Labels update per bar and respond to subtle shifts in candle structure and trend indicators ✅ MTF Trend Snapshot (Live Output Example Shown in Chart Above) This dashboard gives you a fast, visual summary of market trend and momentum across 5 timeframes. Here's what it's telling you right now: 🕔 5 Minute (5m) 📉 EMA Trend: Down 🔼 Price: Above VWAP Direction: Bearish (42) 🟥 Weak bearish bias. Short-term pullback against a stronger trend. Use caution — lower confidence and mixed structure. ⏱️ 15 Minute (15m) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (73) 🟩 Clean bullish structure with growing momentum. Solid for intraday confirmation. 🕧 30 Minute (30m) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (77) 🟩 Stronger trend forming. Above VWAP and EMAs — building conviction. 🕐 1 Hour (1h) 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (70) 🟩 Confident, clean trend. Good alignment across indicators. Ideal timeframe for swing entries. 🕓 4 Hour (4h) 🔥 Strong Candle 📈 EMA Trend: Up 🔼 Price: Above VWAP Direction: Bullish (100) 🟩 Full trend alignment with max momentum. Strong body candle + structure — high confidence continuation. 🧠 Quick Takeaway 🔻 5m is pulling back short term ✅ 15m through 4h are fully aligned Bullish 🔥 4h has max confidence — big-picture trend is intact 📈 Ideal setup for momentum traders looking to ride trend with multi-timeframe confirmation Try pinning this dashboard to your chart during live trading to read price like a story across timeframes, and filter out weak setups with low-confidence noise.
Pine Script® indicator
by Daniel_Vin
Algo Structure [ValiantTrader_]Explanation of the "Algo Structure" Trading Indicator This Pine Script indicator, created by ValiantTrader_, is a multi-timeframe swing analysis tool that helps traders identify key price levels and market structure across different timeframes. Here's how it works and how traders can use it: Core Components 1. Multi-Timeframe Swing Analysis The indicator tracks swing highs and lows across: The current chart timeframe A higher timeframe (weekly by default) An even higher timeframe (monthly by default) 2. Swing Detection Logic Current timeframe swings: Identified when price makes a 3-bar high/low pattern Higher timeframe swings: Uses the highest high/lowest low of the last 3 bars on those timeframes 3. Visual Elements Horizontal lines marking swing points Labels showing the timeframe and percentage distance from current price An information table summarizing key levels How Traders Use This Indicator 1. Identifying Key Levels The indicator draws recent swing highs (red) and swing lows (green) These levels act as potential support/resistance areas Traders watch for price reactions at these levels 2. Multi-Timeframe Analysis By seeing swings from higher timeframes (weekly, monthly), traders can: Identify more significant support/resistance zones Understand the broader market context Spot confluence areas where multiple timeframes align 3. Measuring Price Distance The percentage display shows how far current price is from each swing level Helps assess potential reward/risk at current levels Shows volatility between swings (wider % = more volatile moves) 4. Table Summary The info table provides a quick reference for: Exact price levels of swings Percentage ranges between highs and lows Comparison across timeframes 5. Trading Applications Breakout trading: When price moves beyond a swing high/low Mean reversion: Trading bounces between swing levels Trend confirmation: Higher highs/lows in multiple timeframes confirm trends Support/resistance trading: Entering trades at swing levels with other confirmation Customization Options Traders can adjust: The higher timeframes analyzed Whether to show the timeframe labels Whether to display swing levels Whether to show the info table The indicator also includes price alerts for new swing highs/lows on the current timeframe, allowing traders to get notifications when market structure changes. This tool is particularly valuable for traders who incorporate multi-timeframe analysis into their strategy, helping them visualize important price levels across different time perspectives
Pine Script® indicator
by ValiantTrader_
Strong/Weak Candle FinderStrong/Weak Candle Finder (SWCF) Overview: The Strong/Weak Candle Finder (SWCF) is a versatile TradingView indicator designed to help traders identify statistically significant candles based on their size relative to recent historical price action. By analyzing a lookback period, the indicator dynamically calculates a threshold to classify candles as either "strong" (larger than the threshold) or "weak" (smaller than the threshold), providing visual cues directly on your chart. This tool can be invaluable for traders looking to: Spot potential momentum breakouts or high volatility (Strong Candles). Identify periods of consolidation or low volatility (Weak Candles). Gauge shifts in market sentiment based on candle body or range dynamics. How It Works: Candle Size Calculation: You choose how candle size is measured from four methods: High - Low: The full range of the candle. High - Close: The distance from the high to the close. Open - Close: The size of the candle body. Low - Open: The distance from the low to the open. Historical Analysis: The indicator looks back over a user-defined LookBack Period to collect candle sizes. Grouping & Precision: To smooth the distribution, candle sizes are grouped based on the Group Precision Size. This parameter divides the observed range of candle sizes into a set number of "bins," and individual candle sizes are rounded to the nearest representative value of these bins. Percentile Threshold: A dynamic Outlier Pip Value is calculated based on the Outlier Percentile you set. If Display Mode is "Strong Candles," this threshold represents the Nth percentile of the largest candle sizes (e.g., the 80th percentile if Outlier Percentile is 20%). Candles larger than this are marked as "Strong." If Display Mode is "Weak Candles," this threshold represents the Nth percentile of the smallest candle sizes (e.g., the 20th percentile). Candles smaller than this are marked as "Weak." Visual Markers: When a current candle meets the criteria (strong or weak based on your display mode), a configurable shape is plotted above (for strong) or below (for weak) the candle. Resampling: The historical distribution and outlier threshold are recalculated every Resample Period (number of bars) to adapt to changing market conditions. Key Features: Dynamic Thresholds: Adapts to market volatility instead of using fixed pip values. Customizable Candle Definition: Choose from four methods to define what "candle size" means to your strategy. Flexible Display Modes: Focus on either identifying exceptionally strong candles or unusually weak ones. Adjustable Sensitivity: Fine-tune the rarity of signals with Outlier Percentile and Group Precision Size. Visual Chart Markers: Clear, customizable shapes (arrow, circle, etc.) for easy identification. Periodic Recalculation: Ensures the indicator remains relevant as market dynamics evolve. Parameters: Display Mode: Strong Candles: Highlights candles larger than the upper percentile threshold. Weak Candles: Highlights candles smaller than the lower percentile threshold. Resample Period (Candles): How often (in bars) to recalculate the historical distribution and outlier threshold. LookBack Period (Candles): The number of past candles to analyze for the historical distribution. (Note: Plots will only begin after this many bars have loaded on the chart). Group Precision Size: Number of groups to divide the candle size range into for rounding historical sizes. Higher values mean finer precision (less rounding). Outlier Percentile (%): The percentile used to define the threshold for strong/weak candles. Candle Size Method: (High-Low, High-Close, Open-Close, Low-Open). Visuals: Strong Shape: Choose the icon style for strong candles. Weak Shape: Choose the icon style for weak candles. Shape Size: Adjust the size of the plotted icons. How to Use: Strong Candles: May indicate increased momentum, potential breakout confirmations, or high conviction moves. Consider using in trending markets or as a filter for entry signals. Weak Candles: May signal market indecision, low volatility, consolidation phases, or potential exhaustion of a prior move. Can be useful for identifying range-bound conditions or periods to be cautious. Experimentation: Adjust the LookBack Period, Outlier Percentile, and Group Precision Size to match your trading style and the characteristics of the asset you are trading. What constitutes "strong" or "weak" can vary significantly. Confirmation Tool: Use in conjunction with other indicators (e.g., moving averages, RSI, volume) for more robust trading decisions. Important Notes: The indicator requires sufficient historical data (LookBack Period) to initialize. You may not see plots on the chart immediately if there aren't enough bars loaded. Like all indicators, the SWCF is not a standalone trading system and should not be used as the sole basis for financial decisions. Past performance is not indicative of future results. Always use appropriate risk management. We hope you find the Strong/Weak Candle Finder a valuable addition to your trading toolkit!
Pine Script® indicator
by sum484340
Multi-Timeframe High/Low MarkerDescription This indicator displays the previous period's high and low price levels from up to three different timeframes simultaneously. Lines extend from the previous period through the current period, providing clear visual reference points for key price levels across multiple time horizons. Utility Identify price ranges and key levels from multiple periods.Reduce chart switching by displaying multiple ranges on a single chart. Function Track up to 3 different timeframes simultaneously (default: 1H, 4H, Daily) Customize each timeframe's high and low line colors, width, and style (solid/dashed/dotted) Optional current period opening price display for each timeframe Smart overlap detection prevents duplicate lines when multiple timeframes share the same price level Each timeframe can be individually enabled or disabled All visual elements fully customizable through indicator settings
Pine Script® indicator
by SpinTrades
2
ICT Opening Range Projections (tristanlee85)ICT Opening Range Projections This indicator visualizes key price levels based on ICT's (Inner Circle Trader) "Opening Range" concept. This 30-minute time interval establishes price levels that the algorithm will refer to throughout the session. The indicator displays these levels, including standard deviation projections, internal subdivisions (quadrants), and the opening price. 🟪 What It Does The Opening Range is a crucial 30-minute window where market algorithms establish significant price levels. ICT theory suggests this range forms the basis for daily price movement. This script helps you: Mark the high, low, and opening price of each session. Divide the range into quadrants (premium, discount, and midpoint/Consequent Encroachment). Project potential price targets beyond the range using configurable standard deviation multiples . 🟪 How to Use It This tool aids in time-based technical analysis rooted in ICT's Opening Range model, helping you observe price interaction with algorithmic levels. Example uses include: Identifying early structural boundaries. Observing price behavior within premium/discount zones. Visualizing initial displacement from the range to anticipate future moves. Comparing price reactions at projected standard deviation levels. Aligning price action with significant times like London or NY Open. Note: This indicator provides a visual framework; it does not offer trade signals or interpretations. 🟪 Key Information Time Zone: New York time (ET) is required on your chart. Sessions: Supports multiple sessions, including NY midnight, NY AM, NY PM, and three custom timeframes. Time Interval: Supports multi-timeframe up to 15 minutes. Best used on a 1-minute chart for accuracy. 🟪 Session Options The Opening Range interval is configurable for up to 6 sessions: Pre-defined ICT Sessions: NY Midnight: 12:00 AM – 12:30 AM ET NY AM: 9:30 AM – 10:00 AM ET NY PM: 1:30 PM – 2:00 PM ET Custom Sessions: Three user-defined start/end time pairs. This example shows a custom session from 03:30 - 04:00: 🟪 Understanding the Levels The Opening Price is the open of the first 1-minute candle within the chosen session. At session close, the Opening Range is calculated using its High and Low . An optional swing-based mode uses swing highs/lows for range boundaries. The range is divided into quadrants by its midpoint ( Consequent Encroachment or CE): Upper Quadrant: CE to high (premium). Lower Quadrant: Low to CE (discount). These subdivisions help visualize internal range dynamics, where price often reacts during algorithmic delivery. 🟪 Working with Ranges By default, the range is determined by the highest high and lowest low of the 30-minute session: A range can also be determined by the highest/lowest swing points: Quadrants outline the premium and discount of a range that price will reference: Small ranges still follow the same algorithmic logic, but may be deemed insignificant for one's trading. These can be filtered in the settings by specifying a minimum ticks limit. In this example, the range is 42 ticks (10.5 points) but the indicator is configured for 80 ticks (20 points). We can select which levels will plot if the range is below the limit. Here, only the 00:00 opening price is plotted: You may opt to include the range high/low, quadrants, and projections as well. This will plot a red (configurable) range bracket to indicate it is below the limit while plotting the levels: 🟪 Price Projections Projections extend beyond the Opening Range using standard deviations, framing the market beyond the initial session and identifying potential targets. You define the standard deviation multiples (e.g., 1.0, 1.5, 2.0). Both positive and negative extensions are displayed, symmetrically projected from the range's high and low. The Dynamic Levels option plots only the next projection level once price crosses the previous extreme. For example, only the 0.5 STDEV level plots until price reaches it, then the 1.0 level appears, and so on. This continues up to your defined maximum projections, or indefinitely if standard deviations are set to 0. This example shows dynamic levels for a total of 6 sessions, only 1 of which meet a configured minimum limit of 50 ticks: Small ranges followed by significant displacement are impacted the most with the number of levels plotted. You may hide projections when configuring the minimum ticks. A fixed standard deviation will plot levels in both directions, regardless of the price range. Here, we plot up to 3.0 which hiding projections for small ranges: 🟪 Legal Disclaimer This indicator is provided for informational and educational purposes only. It is not financial advice, and should not be construed as a recommendation to buy or sell any financial instrument. Trading involves substantial risk, and you could lose a significant amount of money. Past performance is not indicative of future results. Always consult with a qualified financial professional before making any trading or investment decisions. The creators and distributors of this indicator assume no responsibility for your trading outcomes.
Pine Script® indicator
by tristanlee85
3
RRC Sniper SetupRRC Sniper Setup, this looks at candles this way: Go to Market Scanner Create New Scan → "RRC Sniper Setup" Add filters listed below with timeframe logic (e.g. 1m/5m) Run scan on: Your Watchlist SPY 500 QQQ 100 AI/Momentum names 1. Reclaim Filter Find price breaking back above a key level (VWAP or EMA113) Last 1m Close > EMA 113 (1m) OR Last 5m Close > VWAP 2. Retrace Filter Price pulls back into the zone and holds within a tight range Current Price < VWAP * 1.0025 AND Current Price > VWAP * 0.9975 AND Volume (Current Candle) < Volume (Previous Candle) ✅ 3. Confirm Filter Price begins moving back up with confirmation candle and volume Last Candle Close > Last Candle Open AND Volume (Current Candle) > Volume (Previous Candle)
Pine Script® indicator
by Gimmedatgamma
BVB dominance bars Hello everyone, this is my first indicator. these candles shows you who's in control. I like to think its some what close to heikin ashi candles as it shows you the Trend but doesn't average it out. also shows you when there is indecision. please read the instructions on how it works. its not a stand alone strategy. but adds value to your own strategy. 📖 How It Works The BvB Dominance Bars indicator is a visual tool that colors candles based on market control—whether bulls or bears are in charge. It uses a custom metric comparing the price's relationship to a smoothed moving average (EMA), then normalizes that difference over time to express relative bullish or bearish pressure. Here’s the breakdown: Bulls vs Bears Logic: A short-term EMA (default: 14-period) is used to establish a midpoint reference. Bull Pressure is calculated as how far the high is above this EMA. Bear Pressure is how far the low is below this EMA. These are normalized over a lookback period (default: 120 bars) to produce percentile scores (0–100) for both bulls and bears. Dominance & Color Coding: The indicator compares normalized bull and bear scores. Candles are color-coded based on: Bright Lime: Strong Bull Dominance (with high confidence) Soft Lime/Yellow: Moderate Bull Control Bright Red: Strong Bear Dominance Soft Red/Yellow: Moderate Bear Control Gray: Neutral/Low conviction Optional Live Label: A small floating label shows who has control: “Bull Control,” “Bear Control,” or “Neutral.” 🧠 How to Use It (Example Strategy) The BvB Dominance Bars indicator is not a standalone buy/sell signal but a market sentiment overlay. It’s most effective when combined with your own strategy, like price action or trend-following tools. Here’s an example use case: 🧪 Reversal Confirmation Strategy Objective: Catch high-probability reversals during key kill zones or supply/demand levels. Setup: Mark your key support/resistance zones using your standard method (e.g., FVGs, liquidity sweeps, or ICT PD arrays). Wait for price to reach one of these zones. Watch candle colors from the BvB Dominance Bars: If you expect a bullish reversal, wait for a transition from red/gray candles to lime green or bright lime (bullish dominance taking over). If you expect a bearish reversal, look for a change from green/gray to red or bright red. Entry Filter: Only enter if the dominant color holds for 2+ candles. Avoid trades when candles are gray or yellow (indecision/neutral). Exit Option: Exit if dominance shifts against you (e.g., from lime to red), or use structure-based stops. ⚙️ Settings You Can Adjust: BvB Period: Controls how fast EMA responds. Bars Back: Determines how long the normalization looks back. Thresholds: Influence how strong the dominance must be to change candle color. ✅ Best Used When: You already have a bias and just want a confirmation of sentiment. You're trading intraday and want a feel for shifting momentum without relying on noisy indicators. You want a clean, color-coded overlay to help filter out fakeouts and indecision.
Pine Script® indicator
by barton_evan
1