Mark FVGsMark FVGs is marking FVG (stands for Fair Value Gap, other name is Imbalance or IMB) on your chart so that you can instantly detect them
It supports:
- marking bullish and bearish partly filled or unfilled FVGs of the current timeframe
- marking bullish and bearish already filled FVGs of the current timeframe
- marking bullish and bearish FVGs of the any 4 timeframes on your current timeframe
technically it re-builds them on the last bar or as soon as new realtime bar is updated. it looks with 1k bars back to find the nearest specific number of FGVs
Adjustments:
- changing the maximum number of FVGs to display.
- changing the color of FVG area
- displaying already filled FVG of the current time frame
- changing the mode of displaying area it can either extended or fixed width
- displaying labels of other time frame FVGs
การวิเคราะห์แท่งเทียน
Inside Bar HighlightInside Bar have at least 2 candles.
They include one mother candle and multiple child candles. Mother candle will cover whole child candles ( child candles have high and low within mother candle)
This script will highlight Inside Bars
How to use :
When we analyze market structure, we can combine mother candle and children candles and see them as a candle.
This script will help us do this easily.
Engulfing Candles AlertThis is a Engulfing Candle Indicator with Alerts.
This is not like any other Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
Bullish Engulfing after Liq Swap
Bearish Engulfing after Liq Swap
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
After selecting the option to ignore such engulfing
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
After selecting the option to ignore such engulfing
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Bullish Engulfing AlertThis is a Bullish Engulfing Candle Indicator with Alerts.
This is not like any other Bullish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Bearish Engulfing AlertThis is a Bearish Engulfing Candle Indicator with Alerts.
This is not like any other Bearish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Opens, Closes, Highs and Lows.Hello Traders, the script below is designed to display the monthly, weekly, previous days' and current days' open, close, high and low.
I designed it to assist in top down analysis by knowing the monthly and weekly opens and closes it makes it a lot easier to make trading decisions on the lower timeframes.
As the user you can choose which price values you'd like displayed on the chart by selecting them in the user inputs.
Enjoy!!
Sonarlab - MTF Imbalance/ FVGAn imbalance is created when the order block creates such impulsive volume in the market that it throws off the equilibrium between buyers and sellers, forming a gap. This is referred to as imbalance or FVG. These gaps act as a magnet for price to retrace to, in order to correct the disturbance in market equilibrium.
Imbalances = FVG
This image above shows you how an imbalance is created in the market using 3 candles. As we all know, candle sticks represent a specific time-range - for example: 1H. This means that inside 1 candle stick, there are 60 1 minute candle sticks resting. What I'm trying to say with this is that you get a totally different picture when you are on the lower timeframes. An imbalance can be overlooked, so it can be very helpful to have the multiple timeframe Imbalances on your screen, so you understand what is actually going on in the bigger picture.
Usage
Focused on combining with SMC:
When trading SMC, Imbalances can be great for POI's (point of interests) or using as targets in the market. Imbalances work like magnets in the market. When the market is imbalanced, it mostly wants to balance those gaps and can sometimes react perfectly from the area's. Besides that, it can really give you an idea who is in control at that moment.
Here you can see an example of an Imbalance when on the 1H timeframe - in the next picture below you can see the exact same imbalance, but then on the 3M. Now you understand why it can be overlooked?
So, imbalances/ FVG's:
- Increase probability of certain Point of Interests
- Can be a sign of strong interest in price areas
- Can be used as targets
- Can be used as POI's
What makes this Imbalance indicator different?
The Sonarlab MTF Imbalance indicator makes it possible to show up to 3 higher timeframes, which makes it easier to do your analysis and spot these areas when trading.
SubCandleI created this script as POC to handle specific cases where not having tick data on historical bars create repainting. Happy to share if this serves purpose for other coders.
What is the function of this script?
Script plots a sub-candle which is remainder of candle after forming the latest peak.
Higher body of Sub-candle refers to strong retracement of price from its latest peak. Color of the sub-candle defines the direction of retracement.
Higher wick of Sub-candle refers to higher push in the direction of original candle. Meaning, after price reaching its peak, price retraced but could not hold.
Here is a screenshot with explanation to visualise the concept:
Settings
There is only one setting which is number of backtest bars. Lower timeframe resolution which is used for calculating the Sub-candle uses this number to automatically calculate maximum possible lower timeframe so that all the required backtest windows are covered without having any issue.
We need to keep in mind that max available lower timeframe bars is 100,000. Hence, with 5000 backtest bars, lower timeframe resolution can be about 20 (100000/5000) times lesser than that of regular chart timeframe. We need to also keep in mind that minimum resolution available as part of security_lower_tf is 1 minute. Hence, it is not advisable to use this script for chart timeframes less than 15 mins.
Application
I have been facing this issue in pattern recognition scripts where patterns are formed using high/low prices but entry and targets are calculated based on the opposite side (low/high). It becomes tricky during extreme bars to identify entry conditions based on just the opposite peak because, the candle might have originated from it before identifying the pattern and might have never reached same peak after forming the pattern. Due to lack of tick data on historical bars, we cannot use close price to measure such conditions. This leads to repaint and few unexpected results. I am intending to use this method to overcome the issue up-to some extent.
Heikin Ashi - The WhaleThe strategy is based on Heikin Ashi calculation, you do not need to switch the candle to HA.
The HA is used as a base entry, if a candle or two candles are bullish, then is valid to open a position, you can select the validation, one or two candles.
Also, the strategy mainly uses volume indicators as a confluence, you can select VWAP , VWMA , and Volume Oscillator, in addition to ADX which has two ways to validate the entry.
Base entry: One or two bullish HA candles (candles without a lower wick)
Confluence Indicators:
ADX: Will give a positive signal only if ADX is above the threshold, or if +DI is above -DI, or both.
VWAP: will give a positive signal if HA close is above VWAP.
VWMA: composite of 3 MA (20, 25, 50). There are multiple options to set it as confluence, the first option is to check if the short is bigger than the long and long is bigger than the base. The other options are to check the close status, which is bigger than which MA. You can find the description of each option in the strategy box
The sell is based on trailing stop loss (TSL), while the stop loss is based lowest X candle, the strategy will look back to the lowest number of the HA candles and set it as stop loss.
Inside Bar SetupScript Details
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings
How to use this script ?
- This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index
- If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high
Remember:
1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction.
2. If range of mother candle is very high, it is recommended to avoid the trade.
3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame
Example:
1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less.
2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle.
3. As seen in the chart, both the targets are achieved.
Additional Info:
1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well.
2. This script plots targets basis the first inside bar formed in the day for selected time frame.
3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar)
4. Don't forget to check volume in case of breakout/breakdown.
Note:
1. Mother Candle - First Candle of Inside Bar
2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar)
Happy Trading :)
Heinkin-Ashi Shadow Candles// Public Domain
// By JollyWizard
// For overlaying Heikin Ashi candles over basic charts, or for use in it's own panel as an oscillator.
// Enjoy the visual cues of HA candles, without giving up price action awareness.
// Good for learning and comparison.
MTF Heikinashi BarOVERVIEW
This indicator shows whether Heikin Ashi is up or down, represented by a bar. This indicator is compatible with MTF.
CONCEPTS
What do you want to know about market analysis?
Do you want a hard analysis? You can look for it.
All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'.
All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status.
I want to make a decision in a moment. Without even thinking about it.
That is why I created a color-coded bar indicator to show the status.
No need to frown anymore.
DETAILS
Heikin means average. Ashi means legs. In this case, it means a candle.
Close = (Close + Open + High + Low) / 4
For more information, click here.
tradingview.com
Heikin Ashi Up ⇒ green
Heikin Ashi Down ⇒ red
Trade HourThis script is just finds the best hour to buy and sell hour in a day by checking chart movements in past
For example if the red line is on the 0.63 on BTC/USDT chart it mean the start of 12AM hour on a day is the best hour to buy (all based on
It's just for 1 hour time-frame but you can test it on other charts.
IMPORTANT: You can change time Zone in strategy settings.to get the real hours as your location timezone
IMPORTANT: Its for now just for BTC/USDT but you can optimize and test for other charts...
IMPORTANT: A green and red background color calculated for show the user the best places of buy and sell (green : positive signal, red: negative signals)
settings :
timezone : We choice a time frame for our indicator as our geo location
source : A source to calculate rate of change for it
Time Period : Time period of ROC indicator
About Calculations:
1- We first get a plot that just showing the present hour as a zigzag plot
2- So we use an indicator ( Rate of change ) to calculate chart movements as positive and negative numbers. I tested ROC is the best indicator but you can test close-open or real indicator or etc as indicator.
3 - for observe effects of all previous data we should indicator_cum that just a full sum of indicator values.
4- now we need to split this effects to hours and find out which hour is the best place to buy and which is the best for sell. Ok we should just calculate multiple of hour*indicator and get complete sum of it so:
5- we will divide this number to indicator_cum : (indicator_mul_hour_cum) / indicator_cum
6- Now we have the best hour to buy! and for best sell we should just reverse the ROC indicator and recalculate the best hour for it!
7- A green and red background color calculated for show the user the best places of buy and sell that dynamically changing with observing green and red plots(green : positive signal, red: negative signals) when green plot on 15 so each day on hour 15 the background of strategy indicator will change to 15 and if its go upper after some days and reached to 16 the background green color will move to 16 dynamically.
50% Strat RetracementThe purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles.
The arrows, and line can be turned on and off.
You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement.
The script will only alert if the reversal is a 2up red candle, a 2up green candle which will hopefully turn into a 3 candle.
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy?
Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor .
The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted.
In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy.
How to use it!
----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio -----
- Stop-Loss Strategy
Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio.
ATR Trail (No set Target Profit, only uses ATR Stop)
ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs)
**If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at**
**ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section**
- Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50.
- Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle.
----- Next, we set the Session Filter -----
Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00.
----- Next, we set the Moving Average Cloud Fill -----
Enter the Fast and Slow Moving Average Length used to calculate trend direction:
MA Period Fast
MA Period Slow
These inputs will determine whether the strategy looks for Long or Short positions.
----- Next, we set the VSA – Volume Spread Analysis Settings -----
Check the box to show the indicator at the bottom of the chart if desired.
This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format.
In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction.
The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend.
The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades.
The VSA is completely customizable by:
Moving Average Length
MA-1 Multiplier
MA-2 Multiplier
MA-3 Multiplier
Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies.
----- Next, we have the option to view the automated KT Bull/Bear Signals -----
Check the boxes to show the buy-sell signal on the chart if desired.
----- Next, we set the risk we want to use if Auto Trading the strategy -----
I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger.
For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one.
----- Finally, we backtest our ideas -----
After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.
Auto-Trading
When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*
AutoView
PineConnector
**ATR Auto-Trading Alert Setup**
How to create alerts on 3 Line Strike Strategy
For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}'
4) Click "create"
For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track
Good luck with your trading!
Bullish & Bearish EngulfingA simple script to filter out bullish and bearish engulfing candles. Size of candles can be filtered.
Engulfing Candle Marker (Full Candle)A simple indicator that marks FULL CANDLE engulfing candles...
current high > previous high
current low < previous low
bullish: close > open (triangle below)
bearish: close < open (triangle above)
A lot of the engulfing indicators available are body only. I created a FULL CANDLE indicator because that's what I prefer using.
Can be useful for spotting both reversal and continuation price action. Always have a complete trading plan and backtest it for yourself, engulfing candles in themselves to not guarantee a profit.
You are more powerful than you know...keep expanding!
Flag DetectorThis script attempts to find consolidations or retracements within the context of a previous uptrend - basically looking for flag type patterns. It first measures an initial move (referred to as the flag pole in this script) and then looks for consolidation after that move within a certain range. If the consolidation is within the rage, it plots a dot under the candle to show you the consolidation areas. It's not fool proof, but seems to do a decent job of identifying pullbacks and sideways consolidations reasonably well.
Watchlist Screening Hammer & Engulfing Strategies [By MUQWISHI]A trading strategy screener is an idea of a visual alert for those who're trading particular strategies and facing a lack of capability of monitoring many symbols simultaneously, so this kind of tool could be more efficient to keep managing trading plans smoothly and quickly. I developed this screener as an idea more than providing legend strategies.
This screener indicator performs scanning 4 different strategies with customizable 10 symbols inputs, and 5 min is the preferable timeframe.
Strategies
1. Hammer at Low of the day.
2. Shooting Star at High of the day.
3. Bull Engulfing at Low of the day.
4. Bear Engulfing at High of the day.
Screener Overview
Disclaimer
I'm an amateur, and I'm not a qualified licensed investment advisor.
I don't recommend the use of showing signals as a sole means of trading decisions.
3 Line Strike [TTF]This indicator is a spin-off of the popular TMA Overlay indicator made by request of the original author that narrows down the scope to simply identifying a couple of key candlestick patterns - Engulfing candles and 3 Line Strikes.
In addition to being a far more tailored and purpose-specific indicator, we have also update the indicator code to the latest version of Pinescript and added some enhanced alerts.
Candle Stick UpdateHeikin ashi chart so powerful that you can understand trend direction easily. But sometimes, this type of chart doesn't update properly and make no sense on real time. So I made this script. You can now change candle stick style default to heikin ashi (default / modified version) on the real time default chart without switching heikin ashi chart. Enjoy traders!!! And don't forget to press the like button :)
DB Trend Break FinderDB Trend Break Finder
What does the indicator do?
The DB Trend Break Finder indicator is designed to allow for easy visualization of price action trends and works on multiple timeframes (weekly+ recommended). The indicator is faily simple at it's core with background color changes for the following scenarios:
Lower Lows
Lower Highs (Lagging)
Higher Highs
Lower Lows & Higher High Combos (Lagging)
Higher Lows & Lower Highs Combos (Lagging)
How should this indicator be used?
The DB Trend Break Finder indicator should be used for an easy visual reference of the current price action in respect to the previous closing. It can be hopeful for quickly locating price trend changes and possible price action patterns.
Does the indicator include any alerts?
Yes, the script contains alerts for "Lower Low", "Lower High" and "Higher High" conditions. Please note the indicators should be used for alerts to price action changes for manual review and should not be used for robot trading. Some of the plotting is lagging and all of the plots repain in realtime.
Enjoy!
Dante Bullish/Bearish EngulfingBearish and Bullish engulfings as taught by Tom Dante Piccin. Different from other bullish/bearish engulfing indicators because other indicators only want the body of the current candle to engulf the previous body.
This indicator needs the low and high of the current candle to engulf the previous one and also in the example of a bullish engulfing close above the previous candle high or in a bearish engulfing example close below the low of the previous candle.
