Auf geht's

Candlestick analysis

Educational Trend Direction (Up & Down)🔍 Overview This indicator is designed to visually represent trend direction and trend transitions using a simple moving-average relationship. It is built strictly for educational and analytical purposes, allowing users to observe how price behaves during upward and downward market phases without relying on trading signals or predictions. The indicator focuses on trend context, not trade execution. ⚙️ How the Indicator Works The script calculates two exponential moving averages: A fast trend line that reacts quickly to recent price changes A slow trend line that represents broader market direction Trend direction is determined by the relative position of these two lines. When the fast line moves above the slow line, the market is considered to be in an upward trend phase When the fast line moves below the slow line, the market is considered to be in a downward trend phase This relationship helps visualize trend shifts and momentum changes in a simple and intuitive way. 🎨 Visual Components Explained 🟢 Green Trend Line Represents the fast moving average during upward trend phases Indicates that price is maintaining strength relative to the broader trend Color reflects trend direction only, not confirmation or entry 🔴 Red Trend Line Represents the fast moving average during downward trend phases Indicates sustained weakness relative to the broader trend Color does not imply selling or future continuation ⚪ Grey Trend Line Represents the slow moving average Acts as a baseline trend reference Helps distinguish between short-term fluctuations and broader direction 🎨 Background Shading Light green shading appears during upward trend environments Light red shading appears during downward trend environments Background color provides context only and does not signal market actions 🎯 Purpose & Benefits Helps identify trend phases in a clear and minimal way Improves understanding of trend transitions and momentum shifts Reduces visual noise compared to raw price data Encourages context-based analysis instead of signal dependency Suitable for all markets and timeframes ⚠️ Important Notes This indicator does not generate buy or sell signals No targets, stop levels, or performance metrics are included Trend conditions are descriptive, not predictive Past behavior does not guarantee future outcomes Users should always apply their own analysis and risk management when interpreting market data. 📚 Intended Use This tool is intended for: Market trend study Educational demonstrations Visual analysis of trend direction Long-term chart structure awareness It is not intended for automated trading or decision-making.
Pine Script® Indikator
von Mentor_Michael03
Peaks and Troughs📄 Script Description – EN (English) Peaks and Troughs (P&T) is a price action indicator that identifies confirmed swing highs (peaks) and swing lows (troughs) based on structural trend changes. Key features: Trend-break based peak and trough confirmation Optional engulfing signal at confirmed swing points Body-break based Mother Bar (Outside Bar) range marking Clean chart output with only the latest active levels Unified alert system using Any alert() function call Designed for discretionary trading, market structure analysis and automation-ready alerting. ---------------------------------------------------- 📄 Script Description – HU (Magyar) A Peaks and Troughs (P&T) egy price action alapú indikátor, amely megerősített csúcs- (peak) és völgypontokat (trough) azonosít trendváltás alapján. Főbb jellemzők: Trendtörés alapú peak és trough meghatározás Opcionális engulfing jelzés megerősített swing pontokon Body-break alapú Mother Bar (Outside Bar) tartomány jelölés Letisztult chart, mindig csak az aktuális szintekkel Egységes riasztási rendszer (Any alert() function call) Diszkrecionális kereskedéshez, market structure elemzéshez és automatizált riasztásokhoz optimalizálva.
Pine Script® Indikator
von mildZebra14333
Multi-Timeframe Trading SystemIntegrating Multi-Timeframe Trading Analysis: A Comprehensive Approach to Market Structure and Trend Identification In the dynamic landscape of financial markets, traders continually seek robust analytical frameworks that can synthesize diverse market signals into a coherent decision-support system. This script represents a deliberate integration of several established technical analysis concepts, designed to provide a multi-perspective view of market conditions. The rationale for this integration stems from the recognition that no single indicator provides a complete picture; rather, a confluence of signals from different analytical dimensions can enhance the probability of identifying high-quality trading opportunities. The core design principle of this script is the synthesis of trend analysis, momentum assessment, and market structure identification across multiple timeframes. This multi-layered approach is grounded in the widely accepted market axiom that higher timeframes exert gravitational pull on lower timeframes, and that the alignment of signals across temporal scales often precedes significant price movements. Functional Components and Their Synergistic Operation The script operates through several interconnected modules that work in concert: Multi-Timeframe Trend Analysis Dashboard: At the heart of the system is a comparative trend analysis across six distinct timeframes (3-minute to daily). This is achieved using Exponential Moving Average (EMA) crossovers—a proven trend-following mechanism. The dashboard provides instantaneous visual feedback about trend alignment or divergence across timeframes, allowing traders to gauge the strength and consistency of prevailing market trends. When multiple timeframes exhibit congruent trend directions, it suggests a higher-conviction trading environment. EMA-Based Trend Filtering: The script employs dual EMA periods (55 and 200) as its primary trend filter. The relationship between these moving averages serves as the foundation for all subsequent analysis, coloring price bars according to the dominant trend direction. This visual cue helps traders maintain perspective on the broader market context, preventing counter-trend entries during strong trending phases. Momentum Assessment via RSI: The Relative Strength Index (RSI) operates as a complementary momentum oscillator. While the EMA system identifies trend direction, the RSI helps assess whether price movement within that trend is approaching overextended conditions. The script monitors RSI levels for traditional overbought and oversold thresholds, providing alerts when these conditions emerge. Market Structure Analysis through Swing Points and Fractals: The automated detection of swing highs and lows forms the basis for understanding market structure. These pivot points are essential for identifying potential support/resistance zones and charting the sequence of higher highs/lows or lower highs/lows that characterize trending versus ranging markets. The fractal detection system further refines this structural analysis by identifying minor reversal points within the broader swing structure. Fair Value Gap (FVG) Identification: The script automatically detects price voids or "gaps" that often act as magnetic attractors for future price action. These FVGs represent areas of inefficient price discovery where liquidity tends to cluster, making them significant for both trade entry and risk management decisions. Automated Trendline Construction: By connecting successive swing points, the script dynamically draws trendlines that visualize the prevailing market trajectory. These trendlines serve as dynamic support/resistance levels that adapt to changing market conditions. Practical Application and Usage Guidelines Traders can utilize this integrated system in several practical ways: Trend Confirmation: Before entering any position, check the multi-timeframe dashboard for trend alignment. Convergent trends across multiple timeframes generally offer higher-probability trading environments. Entry Timing: Use RSI extremes in conjunction with trend direction. For instance, in an established uptrend (confirmed by EMA alignment), an RSI reading dipping into oversold territory may present a favorable long entry opportunity. Structural Analysis: Monitor the sequence of swing points to identify potential breakouts or breakdowns in market structure. A break of a significant swing point often signals acceleration in the prevailing trend. Fair Value Gap Trading: Watch for price returns to previously identified FVGs, as these zones frequently provide favorable risk-reward entry points with logical stop-loss placement beyond the gap boundaries. Dynamic Support/Resistance: Utilize the automatically drawn trendlines as dynamic levels for trade management, including entry, stop-loss placement, and profit-taking. Originality and Distinctive Features While individual components of this system are derived from established technical analysis principles, the original contribution lies in their specific integration and visualization methodology. The script provides: A unified visual framework that reduces analytical clutter while maintaining comprehensive market assessment Real-time multi-timeframe analysis without requiring constant chart switching Automated structural analysis that eliminates subjective trendline drawing A balanced approach that respects both trend-following and mean-reversion principles Customizable parameters that allow adaptation to different trading instruments and timeframes Important Considerations Users should understand that this tool is designed as a decision-support system, not an automated trading solution. All trading decisions should incorporate additional factors including fundamental analysis, market context, and appropriate risk management. The color-coded bar system and dashboard indicators are intended to streamline analysis, but they cannot guarantee specific market outcomes. Traders are encouraged to test this system in simulated environments before applying it to live markets and to adapt its parameters to align with their individual trading styles and risk tolerances. The script's value proposition lies in its ability to synthesize multiple analytical perspectives into a cohesive visual interface, potentially reducing cognitive load while maintaining analytical rigor—a balance that many traders find challenging to achieve manually across multiple charts and timeframes.
Pine Script® Indikator
von neeson1987
Celestial StateCelestial State (C1) – Market Bias & Candle Intent Celestial State (C1) is a price-action indicator designed to clarify market bias, momentum, and risk conditions using nothing but candle structure. No indicators. No lag. Just clean candle logic. The tool separates state (what the market is) from intent (what the market is doing right now). 🔹 Core Concept The indicator works on the chart timeframe and uses closed candles only to define market state. It then monitors the current candle to identify: momentum confirmation early warnings potential trap / reversal behaviour 🔹 Market State (Based on C1 – last closed candle) State is derived from the relationship between the last two closed candles: Bull Trend Start Bearish candle → Bullish candle Bull Continuation Bullish candle → Bullish candle Bear Trend Start Bullish candle → Bearish candle Bear Continuation Bearish candle → Bearish candle This defines the directional environment before any decision is made. 🔹 Bias & Momentum (Live Candle) Once state is defined, the current candle is monitored relative to the previous candle’s high and low. Strong Buy Bullish state Previous candle bullish Current candle breaks previous high Strong Sell Bearish state Previous candle bearish Current candle breaks previous low These represent momentum continuation with confirmation. Buy / Sell (Normal Bias) Price is in a bullish or bearish state No momentum break yet This is directional bias without confirmation. Changing Bias Bullish state + previous low broken Bearish state + previous high broken This warns that control is being challenged and conditions may be shifting. 🔹 Flip (Strict Order) A Flip is a high-risk condition where expansion fails: Bull Flip Current candle breaks previous high first, then breaks previous low Bear Flip Current candle breaks previous low first, then breaks previous high This often signals: failed breakouts stop hunts transition zones 🔹 Visual Output Top-right panel shows: Current Celestial State (C1) Current Bias (Strong Buy / Sell / Changing Bias) Short explanation (e.g. High broken, Low broken) On-chart markers are intentionally minimal and offset away from price to reduce clutter. 🔹 Who This Is For This indicator is built for traders who: trade price action want context before execution prefer clarity over complexity understand that bias ≠ entry ⚠️ Disclaimer This tool does not provide entries, exits, or risk management. It is a context and intent framework, not a signal system. Use it as a decision-support layer alongside your own execution rules.
Pine Script® Indikator
von thecelestialtrader
ICT HTF Candles [KTY]ICT HTF Candles Indicator This indicator displays higher timeframe candles on the right side of your current chart. View HTF candle structure in real-time without switching timeframes, helping you understand the bigger picture while trading on lower timeframes. Dual HTF Support - Display two different higher timeframes simultaneously - Customize number of candles to show for each timeframe Real-time OHLC Tracking - Trace lines connect current price to HTF candle levels - See Open, High, Low, Close prices with labels - HTF candle updates in real-time as price moves Countdown Timer - Shows remaining time until HTF candle closes - Helps time entries and exits around HTF candle close 1. Set your preferred higher timeframes (e.g., 4H and Daily) 2. Watch how LTF price develops within HTF candle structure 3. Use trace lines to see where current price sits relative to HTF OHLC 4. Time your trades around HTF candle close using the timer Pro Tips: - Use 4H or Daily when trading on 15m or 1H charts - HTF candle direction helps confirm your bias - Watch for LTF setups that align with HTF direction - HTF candle close often triggers significant moves HTF Candles (1): Toggle, timeframe selection, number of candles HTF Candles (2): Toggle, timeframe selection, number of candles Body: Bullish and bearish candle body colors Border: Candle border colors Wick: Candle wick colors Label Color: Color for price labels and text HTF1 New Candle (new candle started on first timeframe) HTF2 New Candle (new candle started on second timeframe) This indicator is designed for educational purposes. Only higher timeframes than your current chart can be selected. More candles require more space on the right side of your chart. Always combine with proper risk management. If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Pine Script® Indikator
von Coin-TeacherKim
Advanced MTF EMA Analyzer - Real-Time HTF📊 ADVANCED MTF EMA ANALYZER - REAL-TIME HTF 🎯 WHAT IS THIS INDICATOR? This advanced multi-timeframe EMA indicator displays up to 9 different timeframe EMAs on a single chart with smooth, real-time updating lines. Unlike traditional MTF indicators that show stepped/choppy lines, this analyzer provides fluid, continuously updating EMA lines by calculating them at your current timeframe resolution. ✨ KEY FEATURES • 9 TIMEFRAME SUPPORT: Track EMAs across 15m, 30m, 1h, 2h, 4h, 6h, 8h, 12h, and 1D • SMOOTH LINES: No more stepped/choppy higher timeframe lines - every candle updates smoothly • REAL-TIME CALCULATION: Uses lookahead methodology to provide live HTF data on lower timeframes • CUSTOMIZABLE EMA PERIOD: Choose any EMA length (default: 200) • DISTANCE TABLE: Shows exact distance from price to each EMA in percentage terms • SELECTIVE DISPLAY: Toggle any timeframe on/off individually • COLOR-CODED: Each timeframe has a unique color for easy identification 🔧 HOW IT WORKS The indicator fetches close prices from higher timeframes and applies EMA calculation on your current timeframe. For example, when viewing a 5-minute chart: - 1 hour = 12 candles of 5m data - 4 hours = 48 candles of 5m data - Each 5m candle recalculates the EMA, creating smooth, fluid lines This approach eliminates the traditional "stepped" appearance of higher timeframe indicators while maintaining accurate trend representation. 📋 DASHBOARD INFORMATION The built-in table displays: - Current price - EMA values for each selected timeframe - Percentage distance from price to each EMA - Green (above EMA) / Red (below EMA) color coding 🎨 COLOR SCHEME White: Current Timeframe | Yellow: 15m | Orange: 30m Blue: 1h | Light Blue: 2h | Purple: 4h Pink: 6h | Dark Purple: 8h | Dark Orange: 12h Red: 1 Day 💡 BEST USE CASES ✓ Identifying multi-timeframe trend alignment ✓ Finding dynamic support/resistance levels ✓ Spotting trend strength across different periods ✓ Making better entry/exit decisions based on multiple timeframes ✓ Ideal for 5-minute charts with higher timeframe context ⚠️ DISCLAIMER This indicator is for educational and informational purposes only. It should not be considered financial advice. Trading involves substantial risk of loss and is not suitable for everyone. Past performance does not guarantee future results. The use of "lookahead" functionality means this indicator may repaint historical values. Always perform your own analysis and consult with a qualified financial advisor before making trading decisions. ═══════════════════════════════════════════════════════════════ 👍 DID YOU FIND THIS USEFUL? If this indicator helps your trading analysis, please consider: ⭐ LIKE this indicator 💬 LEAVE A COMMENT with your feedback 👥 FOLLOW for more quality indicators and updates 📧 CONTACT for suggestions, bug reports, or feature requests Your support and feedback help improve this tool for the entire community! ═══════════════════════════════════════════════════════════════ 📌 VERSION: 1.0 📅 RELEASE: 2026 🔄 UPDATES: Follow for notifications on new features and improvements Thank you for using Advanced MTF EMA Analyzer!
Pine Script® Indikator
von hasanaksoy199264
15m FVG Alerts with Timezone and time selectorThis indicator will help you detect 15m FVGs on NQ. After setting the alert, you can check the chart to see if the FVG aligns with the Bias. This way, when the price reenters this FVG, we can check the LTF for an IFVG that aligns with the Bias. If you find this FVG interesting, set a manual alert on the FVG again, let the price return, and see if you can initiate a continuation trade towards the clear DOL. You can also specify a time window for the alerts to arrive. This indicator is for "NQ1!"
Pine Script® Indikator
von Bonkie90
Fimathe Sniper Dashboard - Final Pro🎯 FIMATHE SNIPER DASHBOARD V6 – 70% Win Rate & 9.5 Profit Factor! OVERVIEW Stop following lagging indicators and start mapping the market with institutional precision. The Fimathe Sniper Dashboard V6 is the definitive professional tool for traders who demand stability, accuracy, and high-performance results. This surgical mapping system is designed to eliminate market noise and highlight high-probability trend expansions. WHY THIS IS A GAME-CHANGER While most scripts fail in volatile conditions, the V6 Elite Edition has been stress-tested across multiple cycles with staggering results: Insane Accuracy: Achieved a 70.31% Win Rate on the 45-minute timeframe. Institutional Profit Factor: Performance metrics show an incredible 9.554 Profit Factor on the 30-minute timeframe. Rock-Solid Stability: Engineered with a remarkably low drawdown of 0.19%, ensuring maximum capital protection. ELITE FEATURES Dual Formation Logic: Choose between Fixed Time (e.g., 10:00-10:30 BRT) or Candle Count to define your Reference Channel and Neutral Zone with 100% accuracy. 10-Level Sniper Expansion: Automatically projects up to 10 levels of targets (1000%), allowing you to ride the most explosive trends in EUR/JPY, XAU/USD, and beyond. Dynamic Visual Dashboard: Features high-definition labels and shaded formation zones (Blue Shaded Area) to identify the exact candles used for the day's calculation. Zero-Lag UI: Persistent labels anchored to current price levels for instant manual execution—no more measuring pips manually. OPERATIONAL GUIDE Blue Zone: Identify the starting formation zone automatically highlighted on your chart. Mapping: The script plots the Reference Channel (Blue) and Neutral Zone (Yellow). The Trigger: Wait for a candle to close above/below the expansion levels. Targets: Aim for Target 2 (200%) as your primary objective, highlighted for maximum visibility. Stop guessing. Start mapping like a pro. Download the Elite Edition now and join the elite group of traders using the most precise Fimathe mapping tool on TradingView.
Pine Script® Indikator
von valeriosilva1
ICT Trend Candles [KTY]ICT Trend Candles Indicator This indicator colors candles based on market structure direction. Candle colors change when BOS (Break of Structure) or CHoCH (Change of Character) occurs, allowing you to quickly identify the current trend direction. Structure-Based Coloring - Bullish structure break → Candles turn bullish color - Bearish structure break → Candles turn bearish color - Color changes at trend shift points Two Structure Options - INTERNAL: Short-term structure based, faster color changes - EXTERNAL: Long-term structure based, slower but more reliable 1. Select structure type (INTERNAL or EXTERNAL) 2. Watch for candle color changes to identify trend shifts 3. Combine with other ICT concepts (OB, FVG, Liquidity) for confluence Pro Tips: - Use INTERNAL for scalping and short-term trading - Use EXTERNAL for swing trading and position trading - Color change after liquidity sweep = high probability reversal signal Show Trend Candles: Toggle candle coloring on/off Structure Type: Select INTERNAL or EXTERNAL Bullish Color: Color when in bullish structure Bearish Color: Color when in bearish structure This indicator is designed for educational purposes. Color change does not guarantee trend reversal. Always combine with proper risk management. If you find this indicator helpful, please leave a like and follow for more ICT-based tools!
Pine Script® Indikator
von Coin-TeacherKim
RSI Level Candles [fmb]RSI Level Candles What it is RSI Level Candles is a minimal, high-signal overlay that keeps your attention on price. It paints candles by RSI regime and adds tiny edge dots to highlight extreme momentum. The design goal is speed and clarity with no clutter. Why it was built Most RSI tools sit in a separate pane and introduce noise with extra lines, labels, and overlapping thresholds. This indicator moves the information onto price itself. You see regime directly on the candles and only the most important alerts when RSI is in extreme territory. What it does Candles change color according to RSI. Above the neutral high (default 60) they turn green. At the high extreme (default 70, or 80 if you prefer) they turn lime. Between 40 and 60 you may show a soft yellow neutral band or leave candles unpainted. Below the neutral low (default 40) candles turn red, and at or below the low extreme (default 30, or 20 if you prefer) they turn maroon. The indicator also prints small dots at the top and bottom of the pane to spotlight extremes. A green dot appears at the top on any bar with RSI at or above the high extreme. A red dot appears at the bottom on any bar with RSI at or below the low extreme. How this helps You get an instant read on momentum regime without leaving the price chart. Extremes are easy to spot which helps manage chase or exhaustion risk. The neutral band behavior helps distinguish trend days from range days and supports cleaner add or trim decisions within an existing trend. Best practices Treat 60 and 40 as momentum gates. Above 60 favors a long bias and additive entries on pullbacks. Below 40 favors a defensive posture on longs or a short bias. Use extremes for management rather than automatic reversal calls. In strong trends RSI can remain extreme for extended periods. Look for a change in market structure or a clear reclaim of 60 or 40 before shifting bias. Combine this overlay with simple structure and trend filters such as support and resistance, a 20 or 50 period moving average, and volume or volatility context. Inputs You can set RSI source and length, choose neutral low and high, and choose extreme low and high. The neutral band can be shown in soft yellow between 40 and 60 or turned off entirely. You can also toggle candle painting on or off if you only want the extreme dots. Reading the colors Lime indicates the extreme bullish zone. Green indicates bullish momentum. Yellow indicates the optional neutral band. Red indicates bearish momentum. Maroon indicates the extreme bearish zone. A small green dot at the top means the bar is in the high extreme. A small red dot at the bottom means the bar is in the low extreme. Use cases For trend following, stay aligned with the prevailing regime while avoiding overreactions to small fluctuations. For swing entries, buy pullbacks while RSI holds above 40 in uptrends, and fade bounces that stall under 60 in downtrends. For risk control, trim strength that pushes into extremes and stalls, then re-add on momentum reclaims. Limitations RSI measures momentum, not direction by itself. Do not use it in isolation. Extremes can persist during strong trends, so wait for structure or momentum re-tests before changing bias. Very illiquid symbols can create noisy signals. Notes Dots are designed to appear on every bar that sits inside the extreme zones. If you prefer single entry dots, change the logic to look for crosses rather than conditions. There is no separate RSI pane, no text labels, and no cross markers. The objective is simplicity and speed.
Pine Script® Indikator
von Fullymobile
Educational Market Structure & Trend Context🔍 Overview This time-limited indicator is designed for educational and analytical purposes only. It helps users visually study price structure behavior and trend context by marking key structural points on the chart and overlaying a trend reference line. The indicator does not generate trading signals, predictions, or recommendations. ⚙️ How the Indicator Works The script analyzes price action over a user-defined lookback period to identify local structural points: Higher Highs within the selected range Lower Lows within the selected range These points are plotted as simple visual markers to help users understand how price is evolving over time. In addition, a moving average is applied to provide broader trend context. 🟢 Green Markers (Structure Strength) Appear when price forms a local higher high within the lookback window Represent relative strength in price structure They are not buy signals and do not indicate future movement 🔴 Red Markers (Structure Weakness) Appear when price forms a local lower low within the lookback window Represent relative weakness in price structure They are not sell signals and do not indicate reversals ➖ Grey Line (Trend Context Line) This line is a moving average calculated over a fixed period It provides trend context only, helping users visually distinguish between upward and downward environments It does not act as support, resistance, or entry guidance 🎨 Background Shading (Optional Context) A subtle background color may appear depending on price position relative to the trend line This shading is purely visual context, not a signal or confirmation 🎯 Purpose & Benefits Helps users study market structure in a clean and simple way Encourages price-action awareness instead of signal dependency Supports manual analysis, learning, and chart reading skills Keeps the chart minimal, non-predictive, and professional ⚠️ Important Notes This indicator does not provide buy/sell signals No targets, stop levels, or profit expectations are included Past structure points do not predict future outcomes Users should apply their own analysis and risk management
Pine Script® Indikator
von Mentor_Michael03
Monitor de GeisThis Pine Script indicator is a Confluence-Based Trading Dashboard designed to filter market noise and identify high-probability entries using a "Traffic Light" (Semáforo) system. Core Features: Triple Confirmation: It analyzes the Trend (EMA 50/200), Momentum (RSI context), and Market Structure (CHoCH/Change of Character) simultaneously. Dynamic Decision Table: A real-time dashboard that displays the current trend ("Erecting" vs. "Deflating") and a final verdict based on total confluence (0%, 50%, or 100%). Psychological Filters: It uses localized Chilean slang to provide direct, "no-nonsense" advice (e.g., "Don't be afraid, Buy" vs. "High risk, Stay out"). Clean Visuals: It eliminates signal saturation by only plotting a single entry dot on the chart the moment all conditions align.
Pine Script® Indikator
von gonzalovillela
EMA Touch & Price Action (Perfect Match)Indicator Name: EMA Touch & Price Action (Perfect Match) 【Overview】 This indicator is designed for traders who rely on precision and clarity. It automatically detects touches on up to four Exponential Moving Averages (EMAs) and identifies high-probability reversal patterns: the Engulfing (Outside Bar) and the Pin Bar. The core strength of this script is the "Perfect Match" logic. Unlike many other tools that suffer from signal lag or "repainting" (where signals appear or disappear after the bar closes), this indicator ensures that the signals align perfectly with the price action on the chart. By focusing on confirmed price data, it provides a reliable foundation for real-time decision-making. 【Key Features】 Quad-EMA Touch Detection: Displays four customizable EMAs (Default: 10, 20, 40, 80). When a candle's wick or body touches an EMA, a color-coded dot (●) appears below/above the bar, instantly showing which level is being tested. Advanced Engulfing Logic ("包"): Goes beyond simple size comparison. It requires a color reversal (e.g., a green bar following a red bar) and a breakout of the previous candle’s high/low to confirm strong momentum shift. Refined Pin Bar Detection ("Pin"): Filters out "fake" pins by calculating the ratio between the wick and the body. You can adjust the sensitivity (Wick Ratio) in the settings to match your specific market (Forex, Crypto, or Stocks). Zero-Offset, Confirmed Signals: Signals are displayed directly on the current bar. By using the "Once Per Bar Close" alert setting, you ensure that you only trade on fully completed price action patterns. 【Settings (Parameters)】 EMA 1–4 Length: Customize the periods for your moving averages. Pin Bar Wick Ratio: Adjust how long the wick must be relative to the body (Default is 2.0x). 【How to Trade】 Trend Following (Pullbacks): The highest win rates occur when the market is trending. Look for a "Combo" where price pulls back to a medium-to-long-term EMA (EMA 20 or 40), touches it, and prints an Engulfing or Pin Bar signal in the direction of the trend. Confluence: When multiple EMA dots appear on the same bar as a "包" or "Pin" label, it indicates a significant zone of support or resistance.
Pine Script® Indikator
von cupship
Double Top/Bottom Auto Highlighter - FixedThis lightweight indicator automatically detects and highlights classic reversal patterns on your chart: • Double Bottom (W-shape) → Green background + "DB" label (potential bullish reversal) • Double Top (M-shape) → Red background + "DT" label (potential bearish reversal) Features: • Pivot-based detection (adjustable lookback for reliability) • Price tolerance % (allows for small differences in highs/lows) • Optional volume spike filter (only show patterns after climactic moves) • Subtle visuals: Toggleable background highlights, labels, and dashed neckline • Built-in alerts for pattern detection + neckline breakouts (great for gold/silver setups!) • Clean & minimal — no clutter, works on any timeframe/symbol How to use: - Green "DB" after a sell-off → Watch for bounce/long opportunity (like your recent gold double bottoms) - Red "DT" after a rally → Potential short or exit longs - Combine with your other indicators (e.g., WC Cross Clouds for regime confirmation) Tweak pivot length (5–10 recommended) and tolerance (0.3–0.8%) in settings to fit your style. Feel free to use, modify, fork, or expand this script however you want! Released under open license. Happy trading! Dove– Chesapeake, VA
Pine Script® Indikator
von dovetIlflenkydove