***READ THIS FIRST**** THE MASTER PATTERN Indicator USER AGREEMENT *** The personal/private use of this indicator is allowed, commercial use is FORBIDDEN. ***Commercial use will be interpreted as taking advantage of the free indicator in order to profit from it, for example: as part of any courses or...
Will add some more patterns and conditions in it in future, for now its for detecting PERFECT Engulfings only. Use these Engulfing to take a trade when it get detected on support/resistance
Library "SimilarityMeasures" Similarity measures are statistical methods used to quantify the distance between different data sets or strings. There are various types of similarity measures, including those that compare: - data points (SSD, Euclidean, Manhattan, Minkowski, Chebyshev, Correlation, Cosine, Camberra, MAE, MSE, Lorentzian, Intersection, Penrose...
The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart. Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots. 🔶 USAGE The Master...
BladeSCALPER The sharpest tool to scalp M and W patterns -------------------------------------------------------------------------- ✔️ Get a clear signal of the next probable reversal move ✔️ Get instantly the zone where the price will probably get attracted to ✔️ Adjust TP1/TP2/TP3 accordingly to the PowerZONES ✔️ Check the winning rate of the M & W patterns on...
This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading...
The Triangle pattern Triangle chart patterns are one of the most resourceful and practically advanced templates in technical analysis. These charts are the underpinnings of a well-calculated move when it comes to the assessment of risk and reward ratios. The pattern is often represented by drawing trendlines along an intersecting price scale, which...
I made this script a long time again and never released it. It is a ABC Pattern finding tool. You can adjust the "Bars Back" setting to include more or less bars in the pattern. I usually have it set to 10 or 15 these settings seem to work well on most assets. The scripts allows you to set up a trade box automatically and has a call out table to make prices levels...
█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...
This script is our version of the "Fair Value Gap". A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior. For example: A Gap Up - the Low of a candle is higher than the High of two candles back. A Gap Down - the High of a candle is lower than the Low of two candles...
––––HISTORY & CREDITS 🏦 The Three Weeks Tight Close pattern is a technical analysis pattern that occurs when a stock closes at nearly the same price for three consecutive weeks, suggesting a period of consolidation before the stock moves in a new direction. The concept of "line of least resistance" as mentioned by Jesse Livermore is closely related to this...
What does this Indicator do? This indicator works by identifying Trends and "potential" shifts in trends before they happen. It is technically a momentum indicator that watches for specific Bullish or Bearish momentum (i.e. Bull Runs, and Crashes). How does it do this? It uses a custom script that takes into account extremes in price and certain moving...
This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago. The old version has been preserved here: █ OVERVIEW This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot...
DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work. His script is the combination of RSI and Engulfing Pattern. //------------------------------------------------------------ I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to...
█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other, not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize your own Patterns with the Backtesting tool and set Retracement Ratios and...
The Candle Hunter Indicator - by Karoshi Trading The Candle Hunter Indicator is based on specific Candlesticks and Patterns. Activating this indicator will mark all specific Bullish & Bearish Candles on the Chart. Depending on your settings, not all candles will be displayed on the chart. The goal of this indicator is, to highlight all the important trending...
This script identifies chart patterns: wedges, flags, triangles on the chart It has many settings. You can choose by which extremums you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies . You can also adjust the accuracy - how smooth and accurate the shapes must be in order for them to be considered wedges...
What This Indicator Does The Forex Master Pattern uses candlesticks, which provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful... The Engulfing Pattern An engulfing...