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Candlestick analysis

DUONG_EURWhat is the RSI indicator? Instructions on how to use RSI in stock trading Currently, technical analysis indicators are widely used to confirm the strength or weakness of the market. In this article, let's learn more about the RSI indicator with DSC to easily confirm the current strength of the market. What is the RSI indicator? The RSI indicator, also known as the relative strength indicator, is widely used in the financial and stock markets. RSI is calculated by the price of the most recent previous closing sessions. Therefore, it is often considered normal when it moves in phase with the price line. RSI calculation formula In which: RS = AvgU/AvgD AvgU is the average of the closing price changes of the increasing sessions in 14 sessions.
Pine Script® Indikator
von zosaelse
HVC + levelsPersistent HVC Rays Across All Intraday Identify and carry forward the open, close, high and low of the highest‑volume daily candle as true horizontal support/resistance levels across every intraday timeframe – including pre‑market and after‑hours. Description This indicator automatically detects the single highest‑volume daily bar over your specified lookback period and then plots four persistent horizontal rays at that candle’s open, close, high, and low. Rays are anchored precisely at the New York Stock Exchange’s 09:30 ET bar using IANA timezone timestamps and extend to the right edge of your chart viewport, ensuring they remain visible on 1 min, 5 min, 15 min, hourly, and daily timeframes alike. You can also color intraday high‑volume bars for quick visual context. Store up to Max HVCs of past levels and watch older lines fade, delivering a dynamic volume‑driven support/resistance framework that adapts as new high‑volume days emerge. Key Inputs Lookback Period (bars): Number of bars to search for the highest‑volume daily candle. Max HVCs: Maximum number of past HVC days whose levels remain plotted. Color Intraday HVC Bars: Toggle to highlight intraday bars that match the highest recent volume. Plot Persistent Rays: Toggle the horizontal levels on/off for a clean chart.
Pine Script® Indikator
von Ammalamma
LTF HTF CANDLE fast deployThe "LTF Candle Fast Deploy" script allows you to clearly and dynamically display candles from lower timeframes (LTF) and higher timeframes (HTF) on the same chart. With the cursor function, it becomes simple to move the end line and analyze completely different points. You can configure the number of candles and timeframes, as well as customize colors and borders. One of its key features is temporal alignment: the last LTF candle is forced to coincide with a defined end date (end_date), with a transparent background applied to highlight the area around this date. Additionally, the script supports two different timeframes, allowing you to simultaneously compare two series of candles, with adjustable width and spacing options to better fit the chart. A summary table can be displayed in an overlay to show information about timeframes and the amount of candles, while a triangle visually marks the candle corresponding to the end date. Finally, there are performance limits in place to ensure optimal functioning, such as the maximum number of bars analyzed and a limit on the offset, to prevent slowdowns in the chart. --------------------------------------------------KEY FEATURES-------------------------------------------------- 1. **Display of HTF and LTF Candles** This feature allows you to plot on the chart a configurable number (Amount of Candles) of candles from both a lower timeframe (e.g., 30m) and a higher timeframe (e.g., 4H). The candles are drawn using `box.new` for the body and `line.new` for the wicks, with customizable colors and borders. 2. **Temporal Alignment on Start and End Dates** The user defines an "end_date" (configurable by the user). The last LTF candle is forced to horizontally align with the corresponding bar at the end_date, calculating a dynamic offset. A semi-transparent background is applied to all bars near the end_date to highlight the concluding period. By simply moving the cursor, you can shift the focus to another area. 3. **Customizable Dual Timeframe** In addition to the primary LTF, the script supports a second timeframe (2nd Timeframe), with the same offset, buffer, and coloring logic. It is recommended to use an HTF or the same timeframe as the chart. This feature allows you to simultaneously compare two sets of candles from different timeframes on the same chart. 4. **Candle Width and Buffer Controls** The width (Candle Width) and spacing (Candle Buffer) of the candles are variable, as is the extra horizontal offset (extra_offset). These parameters allow precise adjustment of the visual clutter and alignment with the chart bars. 5. **Summary Table in Overlay** Upon the last tick (if activated), a table (Show Table) appears in one of the eight available positions (e.g., top right). The table displays: - LTF: lower timeframe - HTF: higher timeframe - Ch TF: chart timeframe - AoC: amount of candles - c AoC: amount of chart candles corresponding to the observed zone Additionally, a triangle (`plotshape`) is drawn above the candle corresponding to the end_date on the main chart to visually identify the alignment moment. 6. **Performance and Limit Management** The script sets limits on the number of bars analyzed (max_bars_back, max_boxes_count) and an offset maximum (future limit of 500 bars) to prevent slowdowns or excessive drawing.
Pine Script® Indikator
von THG_index
Profitable Hours EUR/USD Profitable Hours: It identifies the most profitable hours, based on significant price movements and high volatility (higher than the highest price movement and volatility over the last 24 periods). Hour Display in EET: The active hour is displayed in Eastern European Time (EET), which is adjusted based on the GMT offset you provide. This version of the script should help you visualize profitable hours for trading EUR/USD based on price movement and volatility, as well as time zone adjustments.
Pine Script® Indikator
von CNC2788
Nirvana Mode PRONirvana Mode PRO is a fully automated swing trading strategy designed for BTCUSDT on 15-minute charts. It combines EMA crossover, RSI filtering, Supertrend confirmation, and volume spike detection to generate high-probability entries. Includes automatic exit conditions and webhook-compatible signal messages for integration with WunderTrading. Optimized for low-risk, consistent profit with trailing stop, breakeven, and dynamic SL/TP settings.
Pine Script® Strategie
von morkoc41
Market Sessions & Viewer Panel [By MUQWISHI]▋ INTRODUCTION : The “Market Sessions & Viewer Panel” is a clean and intuitive visual indicator tool that highlights up to four trading sessions directly on the chart. Each session is fully customizable with its name, session time, and color. It also generates a panel that provides a quick-glance summary of each session’s candle/bar shape, helping traders gain insight into the volatility across all trading sessions. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: This indicator utilizes the “ Timezone — Library ”. A huge thanks to @n00btraders for effort and well-organized work. _______________________ ▋ SESSION PANEL: The Session Panel allows traders to visually compare session volatility using a candlestick/bar pattern. Each bar represents the price action during a session and includes the session status, session name, closing price, change(%) from open, and a tooltip that reveals detailed OHLC and volume when hovered over. Chart Type: It offers two styles Bar or Candle to display based on traders’ preference Sorting: Allowing to arrange session candles/bars based on…   —Left to Right: The most recently opened on the left, moving backward in time to the right.   —Right to Left: The most recently opened on the right, moving backward in time to the left.   —Default: Arrange sessions in the user-defined input order. _______________________ ▋ CHART VISUALIZATION: The chart visualization highlights each trading session using color-coded backgrounds in two selectable drawing styles that span their respective active timeframes. Each session block provides session’s name, close price, and change from open. Chart Type: Candle Chart Type: Box Extra Drawing Feature: This feature may not exist in other indicators within the same category, it extends the session block drawing to the projected end of the session. This's done through estimation based on historical data; however, it doesn’t function fully on seconds-based timeframes due to drawing limitations. _______________________ ▋ INDICATOR SETTINGS: Section(1): Sessions (1) Universal Timezone. (2) Each Session: Enable/Disable, Name, Color, and Time. Section(2): Session Panel (1) Show/Hide Session Panel. (2) Chart Type: Candle/Bar. (3) Bar’s Up/Down color. (4) Width and Height of the bar. (5) Location of Session Panel on chat. (6) Sort: Left to Right (most recent session is placed on the left), Right to Left (most recent session is placed on the right), and Default (as input arrangement). Section(3): Chart Visualization (1) Show/Hide Chart Block Visualization. (2) Draw Shape: Box/Candle. (3) Border Style and Size. (4) Label Styling includes location, size, and some essential selectable infos. Please let me know if you have any questions
Pine Script® Indikator
von MUQWISHI
Nirvana Mode PRONirvana Mode PRO is an advanced automated swing trading strategy designed for BTCUSDT on 15-minute charts. It uses a multi-indicator system including EMA crossover (8 & 21), RSI confirmation (thresholds: 55/45), Supertrend direction filter, and a dynamic volume spike condition to identify high-conviction entries. Features: – EMA (8/21) trend logic – RSI momentum filter – Supertrend confirmation – Volume spike validation – Full signal automation for integration with WunderTrading bots – Supports Webhook alerts and 100% hands-free execution on Bitget USDT-M Futures This strategy is optimized for stable low-risk performance with Swing Trade logic and custom alert messaging. Perfect for traders seeking consistent entries without manual intervention.
Pine Script® Strategie
von morkoc41
Nirvana Mode PRONirvana Mode PRO is an advanced automated swing trading strategy designed for BTCUSDT on 15-minute charts. It uses a multi-indicator system including EMA crossover (8 & 21), RSI confirmation (thresholds: 55/45), Supertrend direction filter, and a dynamic volume spike condition to identify high-conviction entries. Features: – EMA (8/21) trend logic – RSI momentum filter – Supertrend confirmation – Volume spike validation – Full signal automation for integration with WunderTrading bots – Supports Webhook alerts and 100% hands-free execution on Bitget USDT-M Futures This strategy is optimized for stable low-risk performance with Swing Trade logic and custom alert messaging. Perfect for traders seeking consistent entries without manual intervention.
Pine Script® Strategie
von morkoc41
HL2 Moving Average with BandsThis indicator is designed to assist traders in identifying potential trade entries and exits for S&P 500 (ES) and Nasdaq-100 (NQ) futures. It calculates a Simple Moving Average (SMA) based on the HL2 value (average of high and low prices) of the current candle over a user-defined lookback period (default: 200 periods). The indicator plots this SMA as a blue line, providing a smoothed reference for price trends. Additionally, it includes upper and lower bands calculated as a percentage (default: 0.5%) above and below the SMA, plotted as green and red lines, respectively. These bands act as dynamic thresholds to identify overbought or oversold conditions. The indicator generates trade signals based on price action relative to these bands: Long Entry: A green upward triangle is plotted below the candle when the close crosses above the upper band, signaling a potential buy. Close Long: A red square is plotted above the candle when the close crosses back below the upper band, indicating an exit for the long position. Short Entry: A red downward triangle is plotted above the candle when the close crosses below the lower band, signaling a potential sell. Close Short: A green square is plotted below the candle when the close crosses back above the lower band, indicating an exit for the short position. The script is customizable, allowing users to adjust the SMA length and band percentage to suit their trading style or market conditions. It is plotted as an overlay on the price chart for easy integration with other technical analysis tools. Recommended Time Frame and Settings for Trading S&P 500 and Nasdaq-100 Futures Based on research and market dynamics for S&P 500 (ES) and Nasdaq-100 (NQ) futures, the 5-minute chart is recommended as the optimal time frame for day trading with this indicator. This time frame strikes a balance between capturing intraday trends and filtering out excessive noise, which is critical for futures trading due to their high volatility and leverage. The 5-minute chart aligns well with periods of high liquidity and volatility, such as the U.S. market open (9:30 AM–11:00 AM EST) and the afternoon session (2:00 PM–4:00 PM EST), when institutional traders are most active. Why 5-minute? It allows traders to react to short-term price movements while avoiding the rapid fluctuations of 1-minute charts, which can be prone to false signals in choppy markets. It also provides enough data points to make the SMA and bands meaningful without the lag associated with longer time frames like 15-minute or hourly charts. Recommended Settings SMA Length: Set to 200 periods. This longer lookback period smooths the HL2 data, reducing noise and providing a reliable trend reference for the 5-minute chart. A 200-period SMA helps identify significant trend shifts without being overly sensitive to minor price fluctuations. Band Percentage: 0.5% is more suitable for the volatility of ES and NQ futures on a 5-minute chart, as it generates fewer but higher-probability signals. Wider bands (e.g., 1%) may miss short-term opportunities, while narrower bands (e.g., 0.1%) may produce excessive false signals. Trading Session Recommendations Futures markets for ES and NQ are open nearly 24 hours (Sunday 6:00 PM EST to Friday 5:00 PM EST, with a daily break from 4:00 PM–5:00 PM EST), but not all hours are equally optimal due to varying liquidity and volatility. The best times to trade with this indicator are: U.S. Market Open (9:30 AM–11:00 AM EST): This period is characterized by high volume and volatility, driven by the opening of U.S. equity markets and economic data releases (e.g., 8:30 AM EST reports like CPI or GDP). The indicator’s signals are more reliable during this window due to strong order flow and price momentum. Afternoon Session (2:00 PM–4:00 PM EST): After the lunchtime lull, volume picks up as institutional traders return, and news or FOMC announcements often drive price action. The indicator can capture breakout moves as prices test the upper or lower bands. Pre-Market (7:30 AM–9:30 AM EST): For traders comfortable with lower liquidity, this period can offer opportunities, especially around 8:30 AM EST economic releases. However, use tighter risk management due to wider spreads and potential volatility spikes. Additional Tips Avoid Low-Volume Periods: Steer clear of trading during low-liquidity hours, such as the overnight session (11:00 PM–3:00 AM EST), when spreads widen and price movements can be erratic, leading to false signals from the indicator. Combine with Other Tools: Enhance the indicator’s effectiveness by pairing it with support/resistance levels, Fibonacci retracements, or volume analysis to confirm signals. For example, a long entry signal above the upper band is stronger if it coincides with a breakout above a key resistance level. Risk Management: Given the leverage in futures (e.g., Micro E-mini contracts require ~$1,200 margin for ES), use tight stop-losses (e.g., below the lower band for longs or above the upper band for shorts) to manage risk. Aim for a risk-reward ratio of at least 1:2. Test Settings: Backtest the indicator on a demo account to optimize the SMA length and band percentage for your specific trading style and risk tolerance. Micro E-mini contracts (MES for S&P 500, MNQ for Nasdaq-100) are ideal for testing due to their lower capital requirements. Why These Settings and Time Frame? The 5-minute chart with a 200-period SMA and 0.5% bands is tailored for the volatility and liquidity of ES and NQ futures during peak trading hours. The longer SMA period ensures the indicator captures meaningful trends, while the 0.5% bands are tight enough to signal actionable breakouts but wide enough to avoid excessive whipsaws. Trading during high-volume sessions maximizes the likelihood of valid signals, as institutional participation drives clearer price action. By focusing on these settings and time frames, traders can leverage the indicator to capitalize on the dynamic price movements of S&P 500 and Nasdaq-100 futures while managing the inherent risks of these markets.
Pine Script® Indikator
von BigGuavaTrading
Market Structure HH/LLThis script automatically plots basic market structure points: Higher Highs (HH) and Lower Lows (LL), based on 5-bar pivots. Useful for identifying trends, reversals, and change of character (ChoCH) in price action setups. 🧠 Ideal for intraday traders using Smart Money Concepts (SMC) or Price Action on lower timeframes (1m–15m). Combine with BOS/CHoCH and Order Blocks for full SMC strategy. ✅ Clean and lightweight – perfect for quick market structure visualization. Developed by – customized for VN30F1M & scalping strategies.
Pine Script® Indikator
von Linhhphi