Volume can help confirm signals we might discover using other methods of technical analysis. This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend. Tesla is a...
This indicator shows fractals in different timeframes. With the possibility of coloring the bars with any combination of current, daily, weekly and monthly timeframes. The return points are calculated as follows: high > last 3 highs and close above highest low low < last 3 lows and closes below lowest high The direction of higher timeframes fractals tend to be...
The old adage goes "Cut losers fast and let the winners run" With this in mind, this will plot a dynamic trailing stop by subtracting any multiplier of the Average True Range (ATR) from the SMA of your choice.
Hello, this script consists of training candlesticks with Artificial Neural Networks (ANN). In addition to the first series, candlesticks' bodies and wicks were also introduced as training inputs. The inputs are individually trained to find the relationship between the subsequent historical value of all candlestick values 1.(High,Low,Close,Open) The outputs...
This study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts. One common formula that is prone to this situation is: pct=(high-close)/(high-low) This is used to calculate percentage change of a...
Description: meant to be used with BTCUSD (or XBTUSD ) on 3 mins to 1h candles charts. Idea is to provide a tool to detect break-out's from a dead band around an EMA, and to detect back-in's to the dead band. Detection is fundamentally based on how much %, at least, a certain candle body has ruptured the dead band (adjustable). Long and short flags are placed...
WARNING: Experimental and incomplete. Script is open to development and will be developed. This is just version 1.0 STRUCTURE This script is trained according to the open, close, high and low values of the bars. It is tried to predict the future values of opening, closing, high and low values. A few simple codes were used to correlate expectation...
Trendy Bar Trend Color Inspired by trend candlestick charts on other trading platforms. Changes bar colors to stay in trend much like Heikin Ashi candles without the ATR price distortion. This is done by comparing the HL2 and/or Open-Close values of current candlestick to the prior candlestick.
This script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when...
Description: The theory behind this script is that if within the last 10 candles, if the majority of them are green and the average length (wick to wick) of those majority green candles is greater than the average length of the minority red candles then it will signal that this is a bullish move within the market and signal you to buy. The opposite is true for...
Hey guys, this script shows monthly, weekly and daily OHLC data represented as horizontal level. I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off. With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
Displays the multiple timeframe candlestick bars offset'd after price.
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average...
SBER's modified Heikin Ashi Smoothed Container Uses EMA 16 and Heikin Ashi Candles.. For NIFTY and its stocks only.
Heiken Ashi Triangles at the Top and Bottom of Screen The image below shows the comparison to actual Heiken Ashi candles (Though changing from candles to Heiken Ashi tends to smooth the triangles a little)
Highlights when the movement of a candle is supported by a major increase in volume. Thus one could reasonably assume that a follow thru is likely to occur. Blue= bullish Yellow = bearish I personally use this as an entry system. I enter only if the blue high or yellow low is surpassed by the very next candle , if not, then i do not enter. Thus trading with...
I translated a scalping system by Navin Prithyani into pine and want to share it with you. Navin has a lot of resources for the system online including an extensive +60m video explaining the ins and outs. Including links is against the house rules, so you'll have to DYOR. Quick Criteria Overview: --- - Can see through EMAs - Entry above the signal candle - Stop...
Indicator Tabajara from the brazilian trader André Machado. Simple version with moving averages SMA 20 and SMA 200. If fast moving average (20) is ascending, positive candles will receive green color. Descending fast moving average (20) makes negative candles receive red color. In other cases the candles will be gray (positive) and black (negative). The slow...