If moving average SMA (green line) crosses above SMA (red line) is uptrend , stock price will move up gradually. If suppose moving average SMA (green line) crosses below SMA (red line) is downtrend, stock price will move down. Also please validate with MACD & RSI for reference will get more clarification. The default script have: 1) Bollinger Bands 2) Moving...
I've modified the original script by WiscoDish to show candles as green while they are smaller than the median of the past 10 candles. Once they become larger than the median they'll change to gray. I've also added a horizontal median line so you can see how close the candle is to the median candle size. This is very useful if you're stalking a trade and waiting...
When i was in Japan with some traders colleagues we talked about traditional charting tools from this country and how they changed the way we look at our charts today. Then suddenly one of the japanese traders i have met earlier said "Why not making another charting tool ? Smoother than Heikin-Ashi and including all the information a trader may need but easier to...
An indicator that visualizes the evolution of a daily candle, inspired by a thread on forexfactory: www.forexfactory.com Applied on a timeframe lower than D (actually lower than H4), it visualizes the evolution of the day's high and low, as well as mid and 25% and 75% lines. The sole input parameters are the hour at which a day is supposed to start, and the extent...
Access two chart resolutions and/or securities with crystal clarity. Have your one minute candles built right into your one hour candles, or whatever other combinations you'd like. Use "Fade Mode" to accentuate low res candles when zoomed out and mute them when zoomed in. Choose any security/exchange and any resolution. If you'd like to plug this concept into...
Candle based indicator that shows swing highs and lows (pivots). It draws an up or down arrow for simple three candle 'single' swings. For stronger five candle 'double' swings, it colours the candle. Good for highlighting stronger reversals. Both of these stylings can be toggled on/off individually. Default colours Swing HIGH on an UP candle: bright...
Multitimeframe candlesticks with shadows. Script draws each next candle gradually. Sorry for bad english. Good Luck in tradework!
Ver3.0 - EMA14 and EMA50 Cross detection - HA 1st profit taking - Overshoot detection - Candle shape and Wick analysis
I made this to serve as a reminder if a candle is not closed yet. This is to avoid entering a trade based on a candle that is not closed because this candle could look alot different by the time it closes. Good luck.
Boring Candles for - AZ - DZ #Breakout Analysis //@version=3 study("Boring Candle", overlay=true) candleColor = ( abs(open-close)/abs(high-low) > 0.5 )? (open < close ? green : red) : blue plotcandle(open, high, low, close, color = candleColor)
max pip movement in a single candle from open to high/low (whichever applicable) used to find patterns for forex binary strangles or butterflies enjoy.... j.tate 03.05.2018 default built for EUR/USD... change input for JPY pairs.
Most of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.
Simple script which adds arrows above or below bars. Triangles will appear if close prices is in a above 80% or below 20% of tick price bar. Default values can be changed from settings.
This script can spot the candle to exit a trade it works only on 1d timeframe Do not trade the signal, just use it to exit the trade in profit (it's not a reversal signal) NO REPAINT - it' based on current candle close You can try it for a limited period, ask for access in comments
everything spelled out except the hammer and inverted hammer . They are "H" and "IH" respectively on the charts. They show up so often that they cluttered the charts. The default script has: Doji , Evening Star , Morning Star , Shooting Star , Hammer , Inverted Hammer , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing , Piercing Line,...