Auf geht's

In den Scripts nach "bar" suchen

CM_EMA Trend Bars + 9/21/34CM_EMA Trend Bars + 9/21/34 is a trend-following momentum indicator designed to clearly visualise market direction and strength using a triple Exponential Moving Average structure. The indicator combines 9, 21, and 34 EMA calculations to colour price bars based on trend alignment. When faster EMAs are stacked above slower EMAs, bars highlight bullish momentum. When faster EMAs are stacked below slower EMAs, bars reflect bearish momentum. This makes trend conditions instantly readable without cluttering the chart. By focusing on EMA structure rather than lagging signals, CM_EMA Trend Bars helps traders: Identify high-probability trend conditions Stay aligned with momentum Filter out low-quality countertrend trades Avoid chop and indecision zones The colour-coded bars act as a trend confirmation tool, not an entry system on their own. It pairs especially well with price action, support and resistance, ORB strategies, ICT concepts, or higher-timeframe bias. Best used for: Trend confirmation Bias filtering Trade management and hold decisions Scalping, day trading, and intraday swing trading Key features: Triple EMA logic using 9 / 21 / 34 Clean, non-repainting bar colouring Works across all markets and timeframes Minimal lag compared to single moving average tools
Pine Script® Indikator
von crxxx
Hybrid Trend-Following Inside Bar BreakoutHybrid Trend-Following Inside Bar Breakout Strategy The Hybrid Trend-Following Inside Bar Breakout Strategy is a rule-based trading system designed to capture strong directional moves while controlling risk during uncertain market conditions. It combines trend-following, price action, and volatility-based risk management into a single robust framework. Core Concept The strategy trades inside bar breakouts only in the direction of the dominant market trend. Inside bars represent periods of consolidation, and when price breaks out of this consolidation in a trending market, it often leads to impulsive moves with favorable risk–reward characteristics. Key Components 1. Trend Filter Uses 50 EMA and 200 EMA to define the market trend. Bullish bias: 50 EMA above 200 EMA Bearish bias: 50 EMA below 200 EMA This filter prevents counter-trend trades and improves trade quality. 2. Volatility Filter Compares fast ATR (14) with slow ATR (50). Trades are taken only when volatility is expanding or above a minimum threshold. This avoids low-volatility, choppy market conditions. 3. Inside Bar Breakout An inside bar forms when the current candle’s high is lower than the previous candle’s high and the low is higher than the previous candle’s low. A trade is triggered only when price breaks above or below the inside bar range in the direction of the trend. 4. Candle Quality Filter Requires a minimum body-to-range ratio, ensuring that the breakout candle has strong momentum and is not driven by weak wicks. Risk Management & Trade Management Stop Loss (SL) Placed using ATR-based dynamic stops, adapting to current market volatility. Prevents tight stops in volatile conditions and wide stops in calm markets. Partial Profit Taking 50% of the position is exited at 1.5R, locking in profits early. This reduces psychological pressure and improves equity stability. Trailing Stop After partial profit is taken, the remaining position is managed with an ATR-based trailing stop. Allows the strategy to capture large trend moves while protecting gains. Cooldown Mechanism After a losing trade, the system enters a cooldown period and skips a fixed number of bars. This helps avoid revenge trading and overtrading during unfavorable market phases. Why This Strategy Works Trades only high-probability breakouts in trending markets Adapts automatically to changing volatility Combines price action precision with systematic risk control Designed for consistent performance over long historical periods
Pine Script® Strategie
von JeET369
Volume bar range# Volume Bar Range (VBR) Indicator ## Overview The Volume Bar Range indicator identifies key support and resistance levels based on high-volume price bars. It creates a visual range that represents significant price levels where the market has shown strong interest through volume confirmation. ## Features ### Visual Range Display - **Blue/Aqua Area**: Shows the price range of the highest volume bar within the lookback period - **Dynamic Color**: The fill color changes to indicate whether the range is stable (aqua) or newly updated (white) - **Boundary Lines**: Invisible white lines mark the upper and lower boundaries of the range ### Trading Signals - **BUY Signal**: Blue upward arrow appears when price breaks above the resistance level with volume confirmation - **SELL Signal**: Black downward arrow appears when price breaks below the support level with volume confirmation ## How to Use ### Setup 1. Apply the indicator to any chart 2. The indicator automatically identifies the highest volume bar in the last 55 periods 3. The price range of this high-volume bar becomes your support/resistance zone ### Trading Strategy - **Range Trading**: Trade within the identified support/resistance range - **Breakout Trading**: Enter positions when price breaks above resistance (BUY) or below support (SELL) - **Volume Confirmation**: Only take signals when current volume exceeds the 21-period average ### Signal Interpretation - **BUY Signal**: Price closes above the resistance level with above-average volume - **SELL Signal**: Price closes below the support level with above-average volume - **No Signal**: Price remains within the range or volume is insufficient ## Key Parameters - **Lookback Period**: 55 bars (automatically identifies the highest volume bar) - **Volume MA**: 21-period simple moving average for volume confirmation - **Signal Size**: Tiny markers to avoid chart clutter ## Best Practices - Use on multiple timeframes for confirmation - Combine with other technical indicators for stronger signals - Pay attention to the color changes in the range area - Consider market context and overall trend direction ## Ideal Markets - Works well on liquid markets with consistent volume patterns - Effective on stocks, forex, and crypto markets - Best suited for swing trading and medium-term analysis This indicator is particularly useful for traders who rely on volume analysis and want to identify key price levels where the market has shown significant interest.
Pine Script® Indikator
von pandorid
2
Candle % High/Low Bar + HL Order + MA by Barty&PitPapcioWhat does the indicator show? The "Candle % High/Low Bar + HL Order + MA by Barty&PitPapcio" indicator displays the percentage deviation of each candle’s high and low relative to its open price. The zero line represents the candle’s open — bars above zero show upward movement from the open (to high), bars below zero show downward movement (to low). Additionally, the indicator plots a dot above or below each bar indicating which came first during the candle — the high or the low — based on data from a lower timeframe two steps below the current chart (for example, on a 1-hour chart it uses 15-minute data). Finally, the indicator calculates and plots a user-selectable moving average (EMA, SMA, or WMA) of these "first high or low" signals, helping identify trends whether the first move is more often upwards or downwards. Where do the data come from? Percentage values are calculated directly from the current chart’s candles: highPerc=(High−Open)/Open×100%, lowPerc=(Low−Open)/Open×100% The timing of the first high or low for each candle is retrieved from a lower timeframe, stepping down two levels from the current timeframe (e.g. from 1H to 15 min), providing better precision in detecting the order of highs and lows that may be blurred on higher timeframes. Additional features: Full customization of colors for bars, dots, zero line, grid, and thicknesses. Background grid with adjustable scale and style. Safety checks for missing lower timeframe data. A moving average smoothing the sequence of first high/low signals to reveal directional tendencies. Suggested strategy for technical analysis support Identify dominant candle direction: If the dot often appears above the bar (first high), it indicates buying pressure; if below (first low), selling pressure dominates. Use percentage deviations: Large percent bars indicate heightened volatility and potential reversal points. Moving average on order signals: The EMA of high/low first signals smooths the noise, showing the dominant trend in the sequence of price moves, useful for filtering other signals. Combine with other tools: This indicator can act as a directional filter on multiple timeframes, synergizing well with momentum indicators, RSI, or support/resistance levels to confirm move strength. Lots of love, Bartosz
Pine Script® Indikator
von B4RTY
Strong Trend Bars (ATR-based)This is a ChatGPT pinescript meant as an indicator for detecting strength in the market. The primary function I use it for is to decide which bars to trail a stop loss beneath. 💥 Explanation of adjustable inputs: Bull Close Threshold (default 0.6): If set to 0.6, bull bars must close above 60% of bar height → low + 0.6 * barHeight Bear Close Threshold (default 0.6): If set to 0.6, bear bars must close below 40% of bar height → high - 0.6 * barHeight This lets you experiment with tighter or looser filters. For example: 0.7 → only bars closing near the extremes will light up 0.5 → about midpoint 0.8 → very demanding, “almost full body” bars
Pine Script® Indikator
von Skallerlion
4 Bar Momentum Reversal strategy█ STRATEGY DESCRIPTION The "4 Bar Momentum Reversal Strategy" is a mean-reversion strategy designed to identify price reversals following a sustained downward move. It enters a long position when a reversal condition is met and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for indices and stocks on the daily timeframe. █ WHAT IS THE REFERENCE CLOSE? The Reference Close is the closing price from X bars ago, where X is determined by the Lookback period. Think of it as a moving benchmark that helps the strategy assess whether prices are trending upwards or downwards relative to past performance. For example, if the Lookback is set to 4, the Reference Close is the closing price 4 bars ago (`close `). █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price has been lower than the Reference Close for at least `Buy Threshold` consecutive bars. This indicates a sustained downward move, suggesting a potential reversal. The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Buy Threshold: The number of consecutive bearish bars needed to trigger a Buy Signal. Default is 4. Lookback: The number of bars ago used to calculate the Reference Close. Default is 4. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for trending markets with frequent reversals. It performs best in volatile conditions where price movements are significant. Backtesting results should be analysed to optimize the Buy Threshold and Lookback parameters for specific instruments.
Pine Script® Strategie
von Botnet101
1
AriVestHub_Inside Bars/Candles Introduction: This script identifies and marks inside bars on your TradingView charts. An inside bar pattern is a two-bar candlestick pattern where the second bar is entirely within the range of the first bar. This pattern often signals consolidation and can indicate a potential breakout or trend continuation. Trading Signals: Inside bars can indicate potential trading signals. Traders often watch for breakouts above or below the inside bar to identify potential entry points. Customization: You can customize the colors, styles, and labels to suit your preferences. Conclusion This script is a useful tool for traders looking to identify inside bar patterns on their TradingView charts. By highlighting these patterns, traders can make more informed trading decisions based on potential market consolidations and breakouts.
Pine Script® Indikator
von arman_ariamanesh
High Volume BarsThis indicator highlights the highest volume bullish and bearish bars within a specified lookback period. It provides a visual representation of significant volume activity, which can be useful for identifying potential trend reversals or continuations. Key Features: Customizable lookback period to find highest volume bars Lime-colored bars for bullish (up) volume Fuchsia-colored bars for bearish (down) volume Filled areas between high and low of highest volume bars Easy-to-read visual cues for volume analysis The indicator scans the specified number of previous bars to identify the highest volume bullish and bearish bars. It then colors these bars and draws filled areas to make them stand out on the chart. This can help traders quickly spot areas of significant buying or selling pressure. Use this indicator to: Identify potential support and resistance levels Spot volume-based trend reversals Confirm breakouts or breakdowns Enhance your volume analysis in conjunction with price action Adjust the lookback period to fine-tune the indicator's sensitivity to recent volume activity. A longer lookback period will identify more significant volume events, while a shorter period will be more responsive to recent changes. Note: This indicator is best used in combination with other technical analysis tools and should not be relied upon solely for making trading decisions.
Pine Script® Indikator
von yastech137
2
Swing Indicator (2 bars before, 1 bar after)This swing indicator is created to mark swing high and low followed by the condition of Bravo Trade Academy. Conditions for being a Swing High - The high price of swing high bar has to be higher than the high price of 2 bars before and 1 bar after Conditions for being a Swing Low - The low price of swing low bar has to be lower than the low price of 2 bars before and 1 bar after ========================================================================= Swing Indicator นี้สร้างขึ้นเพื่อช่วยในการมาร์ค Swing High และ Swing Low ตามเงื่อนไขการเป็น Swing หน้า 2 หลัง 1 ของ Bravo Trade Academy เงื่อนไขการเป็น Swing High - ราคา High ของแท่งที่เป็น Swing High จะต้องสูงกว่าราคา High ของแท่งก่อนหน้า 2 แท่ง และแท่งหลัง 1 แท่ง เงื่อนไขการเป็น Swing Low - ราคา Low ของแท่งที่เป็น Swing Low จะต้องต่ำกว่าราคา Low ของแท่งก่อนหน้า 2 แท่ง และแท่งหลัง 1 แท่ง
Pine Script® Indikator
von tachagon2
Power Bar [racer8]Introduction: 🌟 The Power Bar indicator is a powerful volatility indicator that can detect power bars 💪. A power bar is just a really big price bar that forms after a price base. A price base is chart pattern consisting of many low volatility price bars (bars that have small ranges). To detect such powerful bars, the PB indicator uses the following formula: PB = ( Absolute value of current close - previous close ) / ( Previous price range over n periods ) Looking at the formula, you can see that PB compares the current change in closing price to the n-period base pattern's range. Strong PB values are typically greater than a value of 1. If n periods = 10, the indicator will look back 11 periods. The 11 periods includes the 10-period base plus the current price bar. 10 periods is the default setting for the indicator. After the calculation, PB is then plotted as a histogram. Along with the histogram, a horizontal dashed line is also plotted. PB's other setting controls the dashed line's level. This level is preset at a default value of 1. The dashed line is just a way to filter out weak PB values, and to generate signals. A signal is generated when the PB histogram is above the dashed line. Objective: 🤔 This indicator shall prove very useful to you if your main objective is to trade only the best chart pattern in the market...and the base pattern is one of the best, if not the best chart pattern that exists today. This indicator is a mechanical way of detecting the chart pattern. Enjoy! 🥳
Pine Script® Indikator
von racer8
3
PineScript v4 - Forex Pin-Bar Trading StrategyPineScript v4, forex trading robot based on the commonly used bullish / bearish pin-bar piercing the moving averages strategy. I coded this robot to stress-test the PineScript v4 language to see how advanced it is, and whether I could port a forex trading strategy from MT4 to TradingView. In my opinion, PineScript v4 is still not a professional coding language; for example you cannot use IF-statements to modify the contents of global variables; this makes complex robot behaviour difficult to implement. In addition, it is unclear if the programmer can use nested IF-ELSE, or nested FOR within IF. The sequence of program execution is also unclear, and although complex order entry and exit appears to function properly, I am not completely comfortable with it. Recommended Chart Settings: Asset Class: Forex Time Frame: H1 Long Entry Conditions: a) Moving Average up trend, fast crosses above slow b) Presence of a Bullish Pin Bar c) Pin Bar pierces either Moving Average d) Moving Averages must be sloping up, angle threshold (optional) Short Entry Conditions: a) Moving Average down trend, fast crosses below slow b) Presence of a Bearish Pin Bar c) Pin Bar pierces either Moving Average d) Moving Averages must be sloping down, angle threshold (optional) Exit Conditions: a) Stoploss level is hit b) Takeprofit level is hit c) Moving Averages cross-back (optional) Default Robot Settings: Equity Risk (%): 3 //how much account balance to risk per trade Stop Loss (x*ATR, Float): 2.1 //stoploss = x * ATR, you can change x Risk : Reward (1 : x*SL, Float): 3.1 //takeprofit = x * stop_loss_distance, you can change x Fast MA (Period): 20 //fast moving average period Slow MA (Period): 50 //slow moving average period ATR (Period): 14 //average true range period Use MA Slope (Boolean): true //toggle the requirement of the moving average slope Bull Slope Angle (Deg): 1 //angle above which, moving average is considered to be sloping up Bear Slope Angle (Deg): -1 //angle below which, moving average is considered to be sloping down Exit When MA Re-Cross (Boolean): true //toggle, close trade if moving average crosses back Cancel Entry After X Bars (Period): 3 //cancel the order after x bars not triggered, you can change x Backtest Results (2019 to 2020, H1, Default Settings): EURJPY - 111% profit, 2.631 profit factor, 16.43% drawdown EURUSD - 103% profit, 2.899 profit factor, 14.95% drawdown EURAUD - 76.75% profit, 1.8 profit factor, 17.99% drawdown NZDUSD - 64.62% profit, 1.727 profit factor, 19.14% drawdown GBPUSD - 58.73% profit, 1.663 profit factor, 15.44% downdown AUDJPY - 48.71% profit, 1.635 profit factor, 11.81% drawdown USDCHF - 30.72% profit, 1.36 profit factor, 22.63% drawdown AUDUSD - 8.54% profit, 1.092 profit factor, 19.86% drawdown EURGBP - 0.03% profit, 1.0 profit factor, 29.66% drawdown USDJPY - 1.96% loss, 0.972 profit factor, 28.37% drawdown USDCAD - 6.36% loss, 0.891 profit factor, 21.14% drawdown GBPJPY - 28.27% loss, 0.461 profit factor, 39.13% drawdown To reduce the possibility of curve-fitting, this robot was backtested on 12 popular forex currencies, as shown above. The robot was profitable on 8 out of 12 currencies, breakeven on 1, and made a loss on 3. The default robot settings could be over-fitting for the EUR, as we can see out-sized performance for the EUR pairs, with the exception of the EURGBP. We can see that GBPJPY made the largest loss, so these two pairs could be related. Risk Warning: This is a forex trading strategy that involves high risk of equity loss, and backtest performance will not equal future results. You agree to use this script at your own risk.
Pine Script® Strategie
von UnknownUnicorn1373033
5
How To Color Prior BarsExample how to color the trigger bar of the condition and n-1 prior bars using only 1 barcolor() function. Currently when offsets are used in barcolor(), bgcolor(), plot(), plotarrow(), plotchar(), or plotshape(), the offset only works with a simple (static) integer. If series (dynamic) integers are used instead, there is not an error, but the series values are ignored. Because of this limitation of offset being constrained to using only fixed offsets, the normal way to paint 3 Black Crows would be to use 3 barcolor() functions. Since there are a known number of bars to be painted in that scenario, this can be easily accomplished. If a condition encompassed a variable length of n bars, then the number of barcolor() functions needed to use would be unknown. How to color the trigger bar of the condition and n-1 prior bars using only 1 barcolor() function? Dual examples below solves issue but requires n "future" bars, because of this it will not paint the most recent condition in realtime and may not be applicable for use in certain realtime situations. It paints similar in behavior to how a pivot does. Special thanks to LucF and RicardoSantos for illumination! NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script® Indikator
von allanster
6
Renko Price Bars Overlay// Shows the price renko bars (or range bars) instead of the PERIOD renko // bars that are integrated into Trading View. The normal renko bars that // Trading View offers only consider the drawing of a new brick when the // price closes above or below the required brick size. This can produce // misleading charts since depending on the time interval of a chart, new // bricks may or may not be drawn. True price renko bars will draw a new // brick immediately upon the price exceeding the next target brick size. // When running this script in "Traditional" mode, the painting of the // brick overlay band is INDEPENDENT of the chart interval. If price // exceeds the required target price for the next brick, the band is // updated immediately, instead of waiting for the price bar on the chart // interval to close first. The brick starting anchor point will attempt // to be a "nice number" at a round interval for the chart ticker. For // example, if viewing EURUSD with the box size equal to 50 ticks/pips, // the open and close prices will take the form of 1.2100, 1.2150, 1.2200, // 1.2250, and so on. This is the same behavior as the normal traditional // Renko bars in Trading View and other major trading platforms such as // Meta Trader. // Use the tick size in traditional mode to specify the block size, in // ticks. This may give interesting results in FOREX pairs... as the tick // size in Trading View may be 0.00001 instead of the normal pip size of // 0.0001, so a 10 pip block size may be '100', and not the expected '10'. // FOREX futures should work in the manner expected, a 10 pip block size // will indeed equal 0.0010. // The "ATR" mode functions differently than the Trading View built in // version. The block size is updated each time the range is exceeded. // In Trading View, when using the ATR mode, the ATR is the last ATR // value calculated on the ENTIRE data interval, and is applied to all // past data. You can see this when you press the '+' sign of the ticker // in the top left of the chart window and you will see the brick size // as a constant, the brick size is not a function of the ever changing // ATR value of the price action. The block size of this script is not // updated for each price candle (i.e. each 1HR on a 1HR chart), instead // it is updated only when the price thresholds are exceeded requiring a // the band to be updated. At that point the current ATR is considered // and the brick size is updated. // Options exist to show the current high and low of the brick, and to // show the required levels that the price must exceed to draw a new // brick and update the band. Please leave comments if you notice any bugs or would like any new features added. I don't find much use for plotting the H/L of the current renko candle, but I have seen some request it in the past. Cheers.
Pine Script® Indikator
von mortdiggiddy
67
3-bar Swing Liquidity Grab📊 3-BAR SWING LIQUIDITY GRAB WHAT IT DOES Automatically detects 3-bar swing highs/lows and alerts you to liquidity grab moments — when price breaks structural levels to trigger stop-losses, then reverses. SIGNALS AT A GLANCE Signal What It Means Trade Idea SH 🟠▼ Swing High (Resistance) Reference level SL 🔵▲ Swing Low (Support) Reference level LQH 🔴❌ Fake break ABOVE resistance SHORT ⬇️ LQL 🟢❌ Fake break BELOW support LONG ⬆️ HOW TO TRADE IT Spot the trend — Is price going up or down? Wait for signal — LQL (green) in uptrend, LQH (red) in downtrend Enter on signal — Place order on that bar Stop Loss — Just outside the swing level Take Profit — At the next swing level SETTINGS EXPLAINED Swing length: 1 = 3-bar swing, 2 = 5-bar swing (use 1 for scalp, 2 for larger TF) Lookback bars: Time window to find liquidity grabs (10-20 for scalp, 50+ for position) Toggles: Show/hide swing markers and signals BEST ON THESE TIMEFRAMES TF Type Settings M5-M15 Scalp SL: 1, LB: 10-15 M15-H1 Intraday SL: 1, LB: 15-20 H1-H4 Swing SL: 1-2, LB: 20-50 D+ Position SL: 2, LB: 50+ KEY RULES ✅ DO: Trade signals aligned with major trend Always use stop loss Use 2-5% risk per trade Confirm with price action ❌ DON'T: Trade choppy/sideways markets Ignore the trend Chase signals Overtrade REAL EXAMPLE LONG Trade (LQL Signal): text Uptrend → Swing Low forms at 1.0950 → Price dips to 1.0930 (below SL) → Closes at 1.0955 (above SL) = GREEN ❌ (LQL) → BUY at 1.0960 → Stop Loss: 1.0920 → Take Profit: 1.1050 (previous Swing High) WORKS ON ✅ Crypto (Bitcoin, Ethereum, Altcoins) ✅ Forex (EUR/USD, GBP/USD, etc.) ✅ Stocks & Indices ✅ Commodities (Gold, Oil, etc.) Any asset, any timeframe, any market. DISCLAIMER This is a technical analysis tool, not financial advice. Past performance does not guarantee future results. Always use proper risk management and test on a demo account first.
Pine Script® Indikator
von arsenkam_
Smart Inside Bar Zones by Dinkan🔹 How It Works An Inside Bar is formed when a candle’s high and low are completely within the previous candle’s range. The indicator detects this structure in real time, creates a visual box around it, and extends the zone until the pattern is broken. Inside Bar candles can be optionally highlighted with a custom color to make them stand out clearly on the chart. 🔹 Features ✅ Automatic Inside Bar detection ✅ Dynamic Inside Bar zone boxes with custom fill & border color ✅ Inside candle body highlighting with user-defined color ✅ Adjustable transparency and border style ✅ Option to display only the latest Inside Bar zone for cleaner charts 🔹 Usage Traders can use Inside Bar zones to: Study price compression and breakout regions Observe range behavior and trend continuation setups Combine with other tools like volume or support/resistance analysis 🔹 Customization Change box fill and border color Adjust Inside Candle color for better visibility Set transparency and choose whether to show all or only the latest box ⚠️ Disclaimer This script is intended for market structure visualization and educational purposes only. It does not generate trading signals or financial advice. Always perform your own analysis and risk management before making trading decisions.
Pine Script® Indikator
von DinkanWorld
Open - CSC Bars - 33 CSC Bars – Early Session Price Action Filter This script detects when the first three bars of the RTH (Regular Trading Hours) session all move in the same direction — either all bullish or all bearish. It’s a tool for price action traders who want to develop structured opening strategies by observing clean directional agreement at the session start. The indicator highlights the third bar when the sequence confirms directional bias. 🔍 How It Works: Monitors the first three bars after the RTH session begins. If all three bars are bullish, it highlights the third bar (same for bearish sequences). No projections, signals, or entries—purely a visual tool to observe and study opening behavior. 🎯 Use Case: This script is designed to help traders build and test opening-based frameworks by identifying potential trend bias early in the day. Note: This is an open-source utility script with a simple function. It does not generate signals or predictions and is intended to assist with observation and discretionary strategy building.
Pine Script® Indikator
von Zen_Trading_Tech
Wick Size in USD with 10-Bar AverageWick Size in USD with 10-Bar Average Version: 1.0 Author: QCodeTrader 🔍 Overview This indicator converts the price wicks of your candlestick chart into USD values based on ticks, providing both raw and smoothed data via a 10-bar simple moving average. It helps traders visualize the monetary impact of price extremes, making it easier to assess volatility, potential risk, and plan appropriate stop loss levels. ⚙️ Key Features Tick-Based Calculation: Converts wick sizes into ticks (using a fixed tick size of 0.01, typical for stocks) and then into USD using a customizable tick value. 10-Bar Moving Average: Smooths out the wick values over the last 10 bars, giving you a clearer view of average wick behavior. Bullish/Bearish Visual Cues: The chart background automatically highlights bullish candles in green and bearish candles in red for quick visual assessment. Stop Loss Optimization: The indicator highlights long wick sizes, which can help you set more accurate stop loss levels. Even when the price moves in your favor, long wicks may indicate potential reversals—allowing you to account for this risk when planning your stop losses. User-Friendly Customization: Easily adjust the USD value per tick through the settings to tailor the indicator to your specific instrument. 📊 How It Works Wick Calculation: The indicator calculates the upper and lower wicks by measuring the distance between the candle’s high/low and its body (open/close). Conversion to Ticks & USD: These wick sizes are first converted from price points to ticks (dividing by a fixed tick size of 0.01) and then multiplied by the user-defined tick value to convert the measurement into USD. Smoothing Data: A 10-bar simple moving average is computed for both the upper and lower wick values, providing smoothed data that helps identify trends and deviations. Visual Representation: Columns display the raw wick sizes in USD. Lines indicate the 10-bar moving averages. Background Color shifts between green (bullish) and red (bearish) based on candle type. ⚡ How to Use Add the Indicator: Apply it to your chart to begin visualizing wick sizes in monetary terms. Customize Settings: Adjust the Tick Value in USD in the settings to match your instrument’s tick value. (Note: The tick size is fixed at 0.01, which is standard for many stocks.) Optimize Your Stop Loss: Analyze the raw and averaged wick values to understand volatility. Long wicks—even when the price moves in your favor—may indicate potential reversals. This insight can help you set more accurate stop loss levels to protect your gains. Analyze: Use the indicator’s data to gauge market volatility and assess the significance of price movements, aiding in more informed trading decisions. This indicator is perfect for traders looking to understand the impact of extreme price movements in monetary terms, optimize stop loss levels, and effectively manage risk across stocks and other instruments with similar tick structures.
Pine Script® Indikator
von QCodeTrader
[SHORT ONLY] Internal Bar Strength (IBS) Mean Reversion Strategy█ STRATEGY DESCRIPTION The "Internal Bar Strength (IBS) Strategy" is a mean-reversion strategy designed to identify trading opportunities based on the closing price's position within the daily price range. It enters a short position when the IBS indicates overbought conditions and exits when the IBS reaches oversold levels. This strategy is Short-Only and was designed to be used on the Daily timeframe for Stocks and ETFs. █ WHAT IS INTERNAL BAR STRENGTH (IBS)? Internal Bar Strength (IBS) measures where the closing price falls within the high-low range of a bar. It is calculated as: IBS = (Close - Low) / (High - Low) - Low IBS (≤ 0.2) : Indicates the close is near the bar's low, suggesting oversold conditions. - High IBS (≥ 0.8) : Indicates the close is near the bar's high, suggesting overbought conditions. █ SIGNAL GENERATION 1. SHORT ENTRY A Short Signal is triggered when: The IBS value rises to or above the Upper Threshold (default: 0.9). The Closing price is greater than the previous bars High (close>high ). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION An exit Signal is generated when the IBS value drops to or below the Lower Threshold (default: 0.3). This prompts the strategy to exit the position. █ ADDITIONAL SETTINGS Upper Threshold: The IBS level at which the strategy enters trades. Default is 0.9. Lower Threshold: The IBS level at which the strategy exits short positions. Default is 0.3. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for Stocks and ETFs markets and performs best when prices frequently revert to the mean. The strategy can be optimized further using additional conditions such as using volume or volatility filters. It is sensitive to extreme IBS values, which help identify potential reversals. Backtesting results should be analyzed to optimize the Upper/Lower Thresholds for specific instruments and market conditions.
Pine Script® Strategie
von Botnet101