Pattern
SMART4TRADER-INDEX PATTERN BREAKOUT MULTIThis indicator is designed to analyze the breakdown of previous values of the candles, not only on the selected tool, but also on others. The indicator is well used on the indices of the stock market. In the default indicator, recommended indexes are configured.
The indicator summarizes the results of the analysis of all tools and shows in the form of columns that are above and \ or below the zero line. Additionally, the indicator has two horizontal lines above zero (green) and two horizontal lines below zero (red). The breakdown of these nearest to zero lines signals the possible beginning of the move towards which the column is directed. If the column reached the left line, this means that a very strong trend is noticeable on all the tools selected in the settings.
Additionally, the indicator has a blue line that shows the average value of the columns both above and below the zero line. And also added Hull Moving Average Period (9).
BUY signal:
HIGH > HIGH(1) и LOW > LOW(1)
SELL signal:
HIGH < HIGH(1) и LOW < LOW(1) и LOW < LOW(2)
--------------------------------------------------------
Этот индикатор предназначен для анализа пробития предыдущих значений свечей, не только на выбранном инструменте, но и на других. Индикатор хорошо использовать на индексах фондового рынка. В индикаторе по умолчанию настроены рекомендуемые индексы для анализа.
Индикатор суммирует результаты анализа всех инструментов и показывает в виде столбиков, которые находиться выше и\или ниже нулевой линии. Дополнительно на индикаторе есть две горизонтальные линии выше нуля (зеленый) и две горизонтальные линии ниже нуля (красный). Пробитие этих ближайших к нулю линий сигнализирует о возможном начале движения в сторону, в которую направлен столбик. Если столбик достиг крайней линии, то это значит, что очень сильный тренд заметен на всех инструментах выбранных в настройках.
Дополнительно в индикаторе есть синяя линия, которая показывает среднее значение столбиков как выше, так и ниже нулевой линии. А также добавлена HULL MOVING AVERAGE период (9).
Сигнал на покупку:
HIGH > HIGH(1) и LOW > LOW(1)
Сигнал на продажу:
HIGH < HIGH(1) и LOW < LOW(1) и LOW < LOW(2)
Doji Hunter█ OVERVIEW
This script is built to search for 8 different Doji candlestick patterns in markets and makes them appear on screen with bar coloring and creating color-coded labels/shapes. It will identify the following variants based upon user input for various rules to abide by:
Gapping Up
Gapping Down
Gravestone
Dragonfly
Long-Legged
Rickshaw Man
Northern (Doji in uptrend)
Southern (Doji in downtrend)
Note: for the remainder of this description, the types for inputs will be marked by italic text.
█ OPTIONS
This script features a wide range of options available to the user to modify how it functions. The first set of inputs dictate how the trend analysis is done with moving averages. The second and third sets of inputs dictate specific rules for how Doji candles are analyzed and the colors used for when they appear.
█ INPUTS (short)
1 — Moving Average Rules:
The Northern and Southern Doji variants require some trend analysis which will be done by Moving Averages. The inputs in this section change various things about the moving average(s) to be used. In the second section of inputs, there is one boolean option that will nullify the need for trend detection and consolidates the Northern and Southern Doji variants into one.
2/3 — Doji Rules and Colors:
The next two sections of inputs correspond to the various rules that dictate how various doji variants will be analyzed, as well as the colors that correspond to each variant. The colors will also apply to each of the labels/shapes used.
4 — Diagnostics:
The last boolean will allow the user to see extra detail with regards to how and when dojis are detected. Note: This is not a part of any prior section and is simply included as a last functional item to the list of all inputs.
An example of multiple labels being shown on screen for various types of Dojis (DJI 1D chart):
█ INPUTS (extended)
1 — Moving Average Rules:
This section consists of 10 different inputs specific to the rules on how the moving average functions for trend analysis.
"Trend Rule" ( string list) determines which Moving Average will be used for trend detection. It has 3 options: "MA 1", "MA 2", or "BOTH". The second input "Trend Source" determines which OHLC (or combination) value to use in comparison to either MA 1 or MA 2 (EX: Trend Rule -> "MA 1" and Trend Source -> "close": if close > MA 1 -> uptrend, downtrend otherwise). If "BOTH" is selected then "Trend Source" is ignored and added nuance in the script ensures that the shorter MA being above the longer MA yields an uptrend (downtrend otherwise).
The next 8 inputs focus on 4 different parts of both MA 1 and 2.
Length ( integer(s) )
Color
Switch between SMA/EMA ( boolean(s) )
Source for MA
Note: Additional attention to detail has been made here as trend direction is ignored if "BOTH" is selected for the MA Rules and the lengths of both Moving Averages are set to be the same.
2/3 — Doji Rules and Colors:
The next two sections include 19 inputs that are related to how this script will analyze and identify the different variants of Doji candles.
"Identify Pattern On Close" ( boolean ) modifies which candles are to be used for determining when Doji candles are recognized. This changes an offset used for historical reference on some global variables which will force the script to only identify patterns after the current candle has closed.
"Doji Body Tolerance" ( float ) tells the script the maximum % the candle body may be of the high-low range to be considered a Doji candle.
"Doji Wick Sample" ( integer ) defines how many prior candles to sample from in calculating the current average upper and lower wick sizes.
"Simplify Northern/Southern Dojis" ( boolean ) makes this script ignore trend direction for Doji detection and consolidates Northern and Southern Dojis into being recognized as the same. This has an added effect of removing the plotted moving averages from the screen.
"Northern/Southern Display" ( string list ) that has multiple options for how Northern and Southern Dojis will be displayed on screen. Because of how labels may be extremely taxing on TradingView's servers to display, the default setting is "shapes" where Northern and Southern (N/S) Dojis will be marked with a colored triangle at the top of the candle. If "Simplify Northern/Southern Dojis" is true, all N/S Dojis will be marked with an x-cross instead. Other options include "labels" which enables the use of labels accompanied by their respective tooltip and color, or "none" where N/S Dojis will be only noticeable by their changed barcolor.
"Allow Gravestone/Dragonfly Shadows" ( boolean ) allows a bit of additional nuance to the definition of Gravestone or Dragonfly Dojis with small shadows.
"Gravestone/Dragonfly Shadow Tolerance" ( float ) defines the maximum % that the lower wick/upper wick (respectively) may be relative to the high-low range for Gravestone or Dragonfly Dojis to still be considered valid.
"Doji Long Wick Setting" ( string list) is a list of settings for three different ways of confirming if a Doji is Long-Legged. The settings are "one", "two", and "average". These define how many wick lengths of a candle need to exceed the calculated average wick lengths (EX: "both" -> upper wick length > upper wick average and lower wick length > lower wick average). The "average" setting will combine the lengths of both wicks and both prior wick averages, divide both of these sums by 2 and compare them instead.
"Doji Long Wick Tolerance" ( float ) defines how large compared to the averages that wick lengths need to be in order for them to be considered "Long-Legged" (EX: 1.50 -> upper/lower wick needs to exceed 150% the average of previous upper/lower wicks).
"Rickshaw Man Body Placement Tolerance" ( float ) defines how close to the high-low range's midpoint the candle body's midpoint needs to be in order for it to be considered a Rickshaw Man Doji candle instead.
The remaining 9 inputs define the colors to use for differentiating between all Doji variants this script will recognize.
█ USAGE
My hope for this script is that users find this easy to use/understand and will tinker with the input values to better identify Doji candlesticks across a wide range of markets.
Suggestions for changes in the future are welcome.
Harmonic Patterns ProHello All,
We need to make things better & better to solve the puzzle and I try to do my best on this way for the community. now I am here with my Harmonic Patterns Pro script.
Harmonic Pattern recognition is the basic and primary ability any trader develops in technical analysis. Harmonic pattern recognition takes extensive practice and repetitive exposure. in general chart patterns are categorized into “continuous” and “reversal” patterns. Harmonic patterns construct geometric pattern structures using Fibonacci sequences. These harmonic structures identified as specified harmonic patterns provide unique opportunities for traders, such as potential price movements and key turning or trend reversal points. This script is developed to find following patterns by using the options you set. I have to say that this is not a strategy and you should not use this script blindly, instead, I strongly recommend you to create your own strategy using this script with other tools/indicators, such moving averages, Support/Resistance levels, volume indicators, sentiment indicators etc.
- Following Harmonic Patterns are available in this version:
-->Gartley
-->Butterfly
-->Bat
-->Crab
-->Shark
-->Cypher
-->Alternate Bat
-->Deep Crab
-->5-0
-->3-Drive
-->AB=CD
-->Descending Triangle
-->Ascending Triangle
-->Symmetrical Triangle
-->Double Top
-->Double Bottom
How the script works and finds harmonic patterns:
- It uses zigzag like other harmonic pattern script but there is a difference. this scripts searches up to 200 bars, finds/creates up to 200 XABCD using zigzag waves and searches predefined harmonic patterns
- It can find multiple harmonic patterns on a candles with different sizes and lengths
- Each pattern is shown using its own color (you can set 8 different colors)
- it shows Entry, Target1, Target2 and Stop-loss levels for each found Patterns
- It shows pattern validation zones for each found pattern
- it has all-in-one alerts. you set the alerts you want in the indicator options and you create only 1 alert for each symbol.
- it has prediction future and it can show many predicted patterns at the same time, each predicted patterns validations zones are shown separately
- While on real-time bar it searches and shows patterns for the visible area
it has followng alerts: . these in all-in-one alerts. it means that you choose the alerts in the options and enables any of them and then create only one for each symbol. and you get eany alert you choose. (" Any alert() function call "). in this version "Any alert() function call" alert is only alert you can use, if I get some requests I can try to other alerts as well.
New Pattern Found
Pattern Updated
Entered Position
Reached Target
Stop-loss
Validation zone is calculated using XABC points any pattern by using Y-Axis error rate. so if you increase Y-Axis error rate then the script can find much more Harmonic patterns.
X-Axis Error Rate is used for a few pattern such AB=CD for the distance of AB wave and CD wave.
The script can show Recommended Entry, Target 1, Target 2 and stop-loss levels for each active patterns. of course you can use these levels or you can set your own levels. you can see the screenshot below.
The script can show statistics panel. when statistic panel is enabled then no pattern is shown on the chart, the script shows ONLY statistics panel. This was done because of complexity of the script.
If you enables Prediction then pattern checks all possible XABC formations in the last 200 bars and finds/shows predicted patterns if there is any.
if you "replaying" then the script searches patterns only for last bar (if any update on zigzag on last bar), not for historical ones. you should take care while you use "Replay" feature of Tradingview
Now lets see the options:
Minimum ZigZag Period: this is minimum Zigzag Period to create new Zigzag wave. default value is 10 and minimum value is 4
Y-Axis Error Rate %: this is the error rate to create validation zones for each pattern, there is almost no perfect pattern, so we try to create a zone using error rate
X-Axis Error Rate % : this is used for a few pattern (such AB=CD) to check wave lengths on time basis
Minimum Pattern Length: This is Minimum Length for the Patterns to be searched. in Number of Bars
Maximum Pattern Length : This is Maximum Lengths for the Patterns to be searched. in Number of Bars
Max Number of XABCD to search: Maximum Number of ABCD to search pattern on each move, there are many possible XABCDs on the chart, this limitation is the number for how many of them will be searched
Find Patterns for: is the option about taking position. there are three options: "Long and Short", "Only Long", "Only Short"
Max Patterns on Each Bar: Maximum Number of Patterns that can be found on each bar, by default it's 3
Keep Pattern Until: you have two option "Target1" and "Target2". when a pattern found and if it reach any of these targets it is accepted as it's reached target and removed. this is also used inthe statictics panel!
Show Recommended Entries & Targets: if enabled then the script can show "Recommended" Entry, target1, target2 and stop-loss leves. you can use these levels or you can use your own calculation for each pattern
Entry = % of Target 2 : Entry Level for each pattern is calculated using the distance between D positon of the pattern and target 2. by default it's 16%, you can set it as you wish
Entry&Target Line Style: you can set line style for entry/target/stop-loss levels
Show Pattern Validation Zones: as explained above, for each pattern validation zone is created using error rate (Y-axis error rate). you can see it for each pattern
Source for Invalidation: this source is used for validation zones. there is two options: Close or High/Low. this source is used while invalidated the pattern. by default it used "close" price as source
Line Style: this is line style for validation zones, solid, dashed or dotted
Pattern Prediction/Possible Patterns: if you enable this option then the script calculates/searches possbile patterns and shows their levels in a label if there is one or more
Show Label & Zone: this is about how you want to see predictions, there are two choices: "Show Only Label", "Show Label & Zone"
Show Statistics Panel : if you enable this option then the script starts searching all harmonic patterns from the first bar for the last bar and keeps statistics for all of them and the shows in a table. you can see screenshot below
Panel Position: you can set panel location of statistics panel using this option
Show Rates Between Waves: if you enable this option then rate between the waves are shown. by default it's enabled
Keep Last Pattern on the Chart : if you enable this option then even if pattern is invalidated/reach target/stop-loss it stays on the chart until new pattern is found. by default it's enabled
Line Style : line style for the last pattern on the chart
Patterns to Search: you have options to enable/disable the patterns listed above to find&show, you can enable/disable any pattern in the list. by default all patterns are enabled except AB=CD pattern
in the ALERTS menu you have many options to enable/disable the alerts you want. Alerts contain Symbol name, Pattern name, Direction as Long/Short, Recommended Entry, Targets, SL levels.
- New Pattern Found
- Pattern Updated
- Entered Position
- Reached Target
- Stop-loss
Show Zig Zag: if you want to see Zig Zag then you should enable this option, and you can set the colors for the Zig zag. by default it's disabled.
and some other options for coloring and line styles of the patterns..
This is how XABCD points found using zigzag waves, I tried to explain it in the video below:
Validation zones and Entry, Target1, Target2 and Stop-loss levels:
Each pattern has its own color, you can see which levels, letters, lines etc belongs to which pattern:
Pattern prediction: you can enable it and change its background color:
How Statistics panel looks like. if there is active pattern then it's shown in different color in the table
This screenshot shows how the script finds and shows multiple patterns on a candle:
And some examples for triangles and Double top/bottom patterns:
Symmetrical triangle:
Ascending triangle:
Double bottom
and many others..
While using different time frames the script can find same patterns, in the following screenshots you can see how same patterns found on 5 and 10 min chart. of course this depends on the Zigzag Period
in this video, the idea and the indicator options is explained:
I can say that this is very complex script and it takes very long time to develop. I used my all programming ability and Pine ability to develop it. I hope you like it and make a lot of profit.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Enjoy!
Volatility OscillatorThis tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Swing Failure Pattern Inquisitor SFP Inquisitor
v0.2a
coded by Bogdan Vaida
Code for Swing High, Swing Low and Swing Failure Pattern.
Note that we're still in the alpha version, bugs may appear.
Note that the number you set in your Swing History variable
will also be the minimum delay you see until the apples appear.
This is because we're checking the forward "history" too.
The SFP will only check for these conditions:
- high above Swing History high and close below it
- low below Swing History high and close above it
In some cases you may see an apple before the SFP that "doesn't fit"
with the SFP conditions. That's because that apple was drawn later and
the SFP actually appeared because of the previous apple .
20 candles later.
Legend:
🍏 - swing high
🍎 - swing low
🧺 - candle where the last swing was driven from
🍌 - swing failure pattern
🍎🍌 - hungry scenario: swing low but also a SFP compared to the last swing
Wedge MakerThis tool is used to draw wedges. Traders can choose which pivot points to draw lines from in settings. Wedge Maker does not automatically detect current wedge and is required to be tweaked in settings.
Catalogador Binarias Padron MHI DejaVuTradesQuadrant patterns with 1 minute cataloging.
This script simulates the quadrants between candles from minute 1 to 5.
set your time frame to 1M.
Ready, now we have our quadrants and we will do the analysis of these patterns using them.
Green circles indicate winning trades, and blue circles Martingale steps.
Counting candles within the quadrants (time frame m1 )
MHI
There are several variants of MHI . In our cataloguer we offer 3 variants. MHI 1, 2 and 3.
The analysis is carried out from the last three candles in the last quadrant. And the entry is made: on the first candle of the current quadrant ( MHI 1), on the second candle of the current quadrant ( MHI 2) and on the third candle of the current quadrant ( MHI 3).
MHI 1
Entry into the first candle after the quadrant analysis. First martingale (in case of loss) in the second candle and second martingale (in case of two losses) in the third candle.
MHI 2
Entry into the second candle after the quadrant analysis. First martingale (in case of loss) on the third candle and second martingale (in case of two losses) on the fourth candle.
MHI 3
Entry into the third candle after the quadrant analysis. First martingale (in case of loss) on the fourth candle and second martingale (in case of two losses) on the fifth candle.
The million dollar pattern
It is an analysis very similar to that of the MHI , with the difference that it is in the entire quadrant.
The million analysis consists of looking at all the candles in the last quadrant and entering the first candle of the current quadrant saying that that first candle will be the same color as most of the last quadrant.
In cases where we have the same number of candles (3 red and 3 green) we do not trade! And the cataloger will not count these operations.
Three Neighbors Pattern
The analysis of the pattern of the three neighbors will always be in the third candle of the quadrant. Either in M5 or M1 . And it consists of observing the third candle and entering the following ones saying that it will be the same.
Pattern C3
The C3 pattern is also an analysis in the candlestick count. We will enter the first
quadrant candle saying that it will be equal to the first candle of the last quadrant.
In the case of 1 martingale we will enter the third candle saying that it will be equal to the third candle of the last quadrant.
And finally, in need of a second martingale, the entry will be in the fifth candle saying that it will be similar to the fifth of the last candle.
Moonwalker Pattern
The moonwalker pattern is also a quadrant pattern. Our entries will be in the first, second and third candles of the current quadrant.
The analysis is performed on the third, second and first candle of the last quadrant.
The entry of the first candle will be observed in the third candle of the last quadrant, being the opposite color to that observed. Being necessary a martingale, we make our entry into the second candle that claims the opposite color to the second candle in the last quadrant. Finally, our second martingale will be on the third candle of the current quadrant with analysis in which the color will be opposite to the first candle of the last quadrant.
Test: Pattern RecognitionEXPERIMENTAL:
a test on how to compare price at different frequency's with static patterns.
Pin Bar IndicatorThe Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The strategy that comes with the Pin Bar pattern is based on price action.
Inputs of the indicator are:
MaxBars: maximum number of bars back to calculate searching for signals
BuySignals (true/false): you can filter signals and decide to show BUY signals or not. Default settings is true (no filter).
SellSignals (true/false): you can filter signals and decide to show SELL signals or not. Default settings is true (no filter).
Alerts:
The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Pin Bar Sell less than zero and Pin Bar Buy greater than zero as settings for the alerts.
Example of BUY alerts settings : BUY example (see documentation in our website)
Example of SELL alerts settings : SELL example (see documentation in our website)
Beware that TradingView (at the time of this publication) limits the number of alerts you can receive according to the plan you subscribed with the platform. If receiving alerts is important for you then you should investigate carefully this aspect before purchasing the indicator.
Trading rules:
For BUY: wait for a bullish Pin Bar to print on a support zone after a down trend. Wait for the price to break high of the Pin Bar (5 pips above the high for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Pin Bar. If order is not triggered in the next candle, then a trade is invalidated and should be canceled.
For SELL: wait for a bearish Pin Bar to print on resistance zone after an up trend. Wait for the price to break the low of the Pin Bar (5 pips below the low for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once low is broken. You also can use a SELL STOP order placed 5 pips below the low of the candle. Stop Loss should be placed above the high of the Pin Bar. If order is not triggered in the next candle then trade is invalidated and should be canceled.
The Pin Bar indicator can be used with any timeframe.
The Pin Bar indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
For more information please visit our website (see signature below). We cannot provide you direct link nor update this indicator description due to TradingView house rules. We encourage you to visit our website for up to date information.
You can also contact me in private using TradingView messaging.
Engulfing strategy with DMI confirmationThe strategy contains Bearish and Bullish Engulfing trend reverse alerts with entry and closure notifications. Entries are enforced by Directional Movement Index (DMI) indicator levels combination. The strategy can be applied to spot, futures and marginal trading exchanges. It is suitable for both long and short positions and works accurately with BTC, USDT, ETH and BNB quote currencies. Best to use with 1H timeframe charts
Strategy elements can be configured at your own desire with user interface settings, no programming skills required:
1. Choose signals type: Long, Short or Both
2. Choose trend detection pattern rule:
SMA50 - provides a higher number of positions
SMA50 + SMA200 provides a higher accuracy
3. Change risk management settings to make the most accurate and efficient configuration. You can set up unique stop loss, take profit and trailing offset for different assets
4. Configure strategy periods
DMI and ADX lengths
ADX Smoothing
Key level
EMA and SMA lengths
5. Configure backtest dates
6. Show or hide RSI support and resistance bands
Engulfing strategy provides information for traders to enter the market in anticipation of a possible reversal in trend. Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle "engulfing" the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend. The script calculates and compares values of the price action candles to define is there an engulfing and what type it is: bullish or bearish
If there is a bullish engulfing the indicator fills price action candle with yellow color
If there is a bearish engulfing the indicator fills price action candle with purple color
Advantages of the script:
1. The script detects presence of both types of engulfing: Bullish and Bearish
2. Weak engulfment signals and market noises are filtered by RSI bands and DMI confirmations. This allows to receive only strong and confirmed engulfment signals
3. This script has configurable risk management settings (order size, commission, take profit, stop loss and trailing). This provides you opportunity of direct broker connection and allows to conduct backtests before applying the strategy to real account. You also can set up strategy actions alerts
At the chart you can see the historical price action of ADAUSDT at Binance exchange from the January 1st 2019 till current date. The strategy is set up to receive only long signals because it is a spot market. Moments when the strategy triggered to enter a position are shown as L label while position entries are shown as "Long" messages. Moments when a certain position should be closed are shown as "Exitlong" messages
The strategy demonstrate high backtest results:
Mathematical expectation of risk management settings is positive = 1.34%
Percent profitable = 93.33%
Profit factor = 3.253
Quantity of entries = 75
Net profit = 15.22%
How to use?
Long signals:
1. Apply indicator to a trading pair your are interested in.
2. Click Settings button and select Alert Positions Type Long
3. Once bullish engulfing and confirmation conditions are met price action candle will be colored yellow and script strategy will enter a position.
4. Check Strategy Tester to set up optimal Risk management settings: stop loss, trailing profit activation point, trailing offset
5. Set up the strategy alert to be notified when a position should be opened or closed
Short signals:
1. Apply indicator to a trading pair your are interested in.
2. Click Settings button and select Alert Positions Type Short
3. Once bearish engulfing and confirmation conditions are met price action candle will be colored purple and script strategy will enter a position.
4. Check Strategy Tester to set up optimal Risk management settings: stop loss, trailing profit activation point, trailing offset
5. Set up the strategy alert to be notified when a position should be opened or closed
Best regards,
SkyRock Signals team
If you want to receive access to the strategy please contact us in personal message!
Tweezer Pro IndicatorTweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the best and most effective patterns and ignore the noise.
The Tweezer pattern is a simple and effective pattern to trade.
The strategy that comes with the Tweezer is based on price action.
The indicator was developed with the expertise of Justin Mueller. The indicator uses same rules as Justin who is an expert trader using the Tweezer pattern for a while now. You can visit Justin Youtube channel, like and subscribe.
The indicator does what he was designed for: displaying Tweezer patterns. Don't expect to follow the up and down arrows and make money. Trading is not that simple. The Tweezer pattern is a starting point. The arrow is not a confirmed BUY and SELL signal in itself. The Tweezer indicator alerts you that the market might be at a turning point now. Then you must use other elements of your strategy (trend, momentum, support/resistance, volatility, daily bias, and other indicators) to confirm the signal and place a trade.
The Tweezer Pro version let users define their own pattern definition. This version is meant for expert traders who want to use their own optimized settings.
Inputs of the indicator are:
MaxBars: maximum number of bars back to calculate searching for signals
Settings (automatic/manual): you can either use the defaults settings optimized by Justin Mueller (automatic) or use your own settings (manual).
TrendPeriod (20 as default): number of candles the indicator should look back to determine current trend direction.
CandleSize (0.5 as default): minimum size for candles to consider pattern as valid (0.0:no filter, 0.5:middle size candle, 1.0:big candle only).
SameTailsSize (0.9 as default): check accuracy of same candle wicks size to validate pattern (0.0:ignore wick size criterion, 0.8:strict same size, 0.9:very strict same size).
SameOpenClose (0.9 as default): check accuracy of same open and close for the candles (0.0:ignore criterion, 0.8:strict same open/close, 0.9:very strict same open/close).
UseEngulfingFilter (true/false): if set to true then ignore patterns that do not include engulfing pattern.
UseEngulfingEvenAfter (true/false): if set to true then will also consider engulfing pattern with the next candle after the Tweezer formation.
Trading rules:
For BUY: wait for a bullish Tweezer (Tweezer bottom) to print on a support zone after a down trend. Wait for price to break high of the Tweezer pattern (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Tweezer pattern. If order is not triggered in the next candle then trade is invalidated and should be canceled.
For SELL: wait for a bearish Tweezer (Tweezer top) to print on resistance zone after an up trend. Wait for price to break the low of the Tweezer pattern (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Tweezer pattern. If order is not triggered in the next candle then trade is invalidated and should be canceled.
The Tweezer indicator can be used with any time frame.
The Tweezer indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
Zidni Vertical Run Down Vertical Run UpVertical Run Down and Vertical Run Up based on Tom Bulkowski Chart Pattern with elaboration in percentage of the drop and up.
Bullish Piercing ScannerA piercing pattern is known in technical analysis to be a potential signal for a bullish reversal. The formation in its strictest form is rather rare, but tends to perform better the longer the downtrend in front of it. When technical studies such as RSI, Stochastic or MACD are showing a bullish divergence at the same time a piercing pattern appears, it strengthens the likelihood that this two-day pattern is meaningful.
This is a two-candle pattern. The previous candle must be bearish, the recent candle must open below the close of the previous candle, the recent candle must close above the middle of the previous candle. You can adjust the closing and opening gap between the two candles within this scanner's settings (price).
Candlestick Pattern IdentifierMy script builds upon another user-submitted script by rebuilding the logic used to identify candlestick patterns. The logic in my script is a mix of strict and lax guidelines to mitigate false flags and present valid buy and sell signals.
-To use this indicator, simply add it to any chart. It will identify trends on any time frame although the lower you go, the more signals you'll see and the higher probability of those signals being false flags. You can also disable any candlestick patterns that you feel are not as useful.
- This indicator works best with Stocks and also with Forex markets to a lesser extent.
- This indicator works the best on the Daily chart and also works (with varying degrees of success) on any timeframe at or above 1 hour. I've found that this indicator works the best when used in tandem with the Daily and Hourly charts with the Hourly chart being used to determine an entry point while the Daily chart is used for long term trend analysis.
123 Trend Continuation PatternThis simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This kind of analysis will work on any time frame and symbol, but those markets that have high volatility may have better result
Harmonic auto-detect [PRO]Automatically detects and visually displays Harmonic patterns,
from small ZigZag to large ZigZag.
17 types of Harmonic patterns are supported.
Pattern5-0 / 3Drive / AB=CD / Gartley / Butterfly / Bat / A Bat / Crab / Deep Crab /
Cypher / A Cypher / Shark / Nenstar / A Nenstar / Dragon / Black Swan / White Swan
The alert function allows you to be alerted when a Harmonic pattern is detected.
Use the link below to obtain access to this indicator.
Harmonic auto-detect [FREE]Automatically detects and visually displays Harmonic patterns,
from small ZigZag to large ZigZag.
5 types of Harmonic patterns are supported.
Pattern5-0 / 3Drive / AB=CD / Gartley / Butterfly
小さいZigZagから大きいZigZagまですべてを監視し、ハーモニックパターンを自動的に検出します。
検出したパターンは視覚的に表示されます。
インジケーターは、5種類のハーモニックパターンに対応しています。
Pattern5-0 / 3Drive / AB=CD / Gartley / Butterfly
a strange coincidence and maybe a pattern?Hi everyone,
as soon as I know the reason for those numbers, I can't figure out if there is some kind of pattern (confirmation bias or stuff like that).
So I'm here asking for your help to try to find some kind of pattern between those numbers.
Please comment down below your ideas and I will try to code your ideas and update the indicator with new code.
I've separated odd and even numbers only for a better view.
Thank you
triangle pattern strategy (lirshah)the triangle strategy is based on price action which plots a triangle pattern, in upward trends it plots green colored upward triangle, while in downward trend , red bearish triangle will be plotted.
the strategy can be applied on both manual and automated trading.
the user friend and simplicity is the future of this strategy.
the standard parameter are as below:
reverse factor: 2
reverse length:1
creep period:20
slope factor: 100
shift: 1
the results of 1 contract and 3$ commission per order is as below.
in order to access script contact me directly on trading view.
RSI W Pattern strategyThis strategy is similar to RSI V pattern strategy, but it looks for W pattern in RSI chart.
RULES
======
BUY
1. ema20 is above ema50
2. RSI5 crossing up 30 from oversold area
3. and RSI5 must be below overbought area (default value set to 65)
Add to existing Position
1. You can add on the next W pattern OR
2. if RSI5 is crossing up from below 20
Exit
1. when RSI5 reaches 75
Note: This is for short term/swing trading . which gets on when price dip in trending and quickly gets you out on RSI overbought area
{INDYAN} GO WITH TREND V2This indicator has almost everything for intraday trading . There are two supertrends one with higher time frame and one at lower time frame, Due to which we can recognize reversal. If higher time frame supertrend is showing uptrend and minor is showing downtrend then better to avoid taking any trade in between. Both trend should be in same direction.
Tenkan and kijun is there to verify the trend authencity, check where the tenkan and kijun crossover is there or not at the time of reversal signal given by supertrends. It will boost trading chances.
Also VWAP is placed to know the current situation, If price is below VWAP go for sort if all other things match as above said.
HEMA LEMA is a EMA band and i found that it act as support and resistance, If price breaks channel with volume and sustain above/below for 2 candle close (TIMEFRAME AS SYMBOL).
Also placed FAST EMA to recognize the fast moving trend.
Pivot with CPR is there to trade on basis of CPR and Pivot.
For demand and supply traders, they can use blue and black candle for marking up zones. Blue is boring/base candle and Black is explosive candle.
I hope it will help my trader friends to recognize the trend and reversal.
Let me know if anything more we need to include or remove to make it better for everyone.
Happy Trading... Love INDYAN
#intraday
#hema-lema
#pivot
#cpr
#supertrend_reversal
#demandzone
#supplyzone
#tenkansen
#kijunsen