RSI Precision Trend Candles [Loxx]RSI Precision Trend Candles is a candle coloring indicator that uses an average range algorithm to determine trend direction. The precision trend algorithm can be used on any calculated output to tease out interesting trend information.
What is RSI?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
Included
Bar coloring
Signals
Alerts
Loxx's Expanded Source Types
ค้นหาในสคริปต์สำหรับ "candle"
Day High_Low levels with Candle high lowDay's high and low with Candle high low. It shows high and low of the day. Previous candle high and low is shown.
3 Candle EngulfingThree Line Strike Candlestick Pattern (3 candle Engulfing pattern) to help you detect sniper entry point mostly for (forex)
You can use this as an indicator to detect an entry point for your trade.
Please cross-check the Macro and Micro trend and don't go against the trend. Also use other indicators to confirm your entry.
You can set the engulfing minimum pips value (Default is set to 10 pips)
How it works:
Yellow candle with an up green triangle means a long entry
White candle with a down green triangle means a short entry
MTF Candlestick Patterns Screening [tanayroy]This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart.
Options available for trend detection, lookback period, and selecting candle pattern.
Please like, comment, and follow.
Zigzag Candles MAWe have the candles here: Zigzag-Candles
Lets create moving average!!
Just simple moving average at the moment. Since, items are in array. Not so easy to use standard functions of pine. Hence, will take that for future enhancements.
ATR and Supertrend next!!
Technical Ratings Colored CandlesFor those that want technical ratings but don't want waste valuable screen real estate. Candles are colored to the rating strength. It also plots the results for "total", "MA" and "other" in a table on right of screen. Table and candle coloring can be turned off in style settings. This script uses the built in Technical Ratings indicator. For more informations on Technical Ratings please refer to official documentation.
Consecutive Candle Count Momentum StrategyVery simple strategy based on consecutive candle count. Simple but can be very profitable if you know how to execute.
Example:
- Buy when consecutive up closes exceeds 3
- Sell when consecutive down closes exceeds 3
For a buy signal, if price closes higher within 5 candles, it is defined as a win.
For a sell signal, if price closes lower within 5 candles, it is defined as a win.
Win rates for buy/sell signals are calculated over history of security.
Reversal Candlestick Pattern With Trend IndentifierThis script help to identified popular candlestick pattern combined with trend identifier.
Most script only focus on criteria of the pattern. Such as how much the length of the body compared to previous candle etc.
Besides criteria of the candle, this script also considered the trend into the logic.
For example bullish engulfing is a bullish reversal signal, which is only valid in a down trend.
To identified trend, I'm using RSI. Normally, RSI less than 50 is considered a down trend, and RSI greater than 50 is considered up trend. In this script, you can customize the criteria of how much RSI is up trend and down trend.
Default value RSI >= 55 is up trend, RSI <= 45 is down trend.
Your feedback and suggestion is welcome.
Supported pattern:
White Marubozu (wm)
Black Marubozu (bm)
Hammer (h)
Hanging Man (hm)
Inverted Hammer (ih)
Shooting Star (ss)
Bullish Engulfing (e)
Bearish Engulfing (e)
Tweezer Bottom (tb)
Tweezer Top (tt)
Three White Soldiers (tws)
Three Black Crows (tbc)
Morning Star (ms)
Evening Star (es)
Three Inside Up (tiu)
Three Inside Down (tid)
Reference:
babypips.com
by Gadirov 1-Min Big Candle Change Optimized for binaryby Gadirov 1-Min Big Candle Change Optimized for binary
by Gadirov new Best Big Candle Change with Alerts for binaryby Gadirov new Best Big Candle Change with Alerts for binary
By Gadirov Best Big Candle Change Indicator for binary 1 minuteBy Gadirov Best Big Candle Change Indicator for binary 1 minute
Custom Candle Coloring (3% Drop / Breakout / Follow-through)Naveen's custom bars. It helps with custom color of the bars to see significant candle movements and their interpretations
Daily Average 5m Candle SizeThis indicator measures the average size of each 5 min candle then works out the end of day average for you. Very important for profit targets and stops
Rate of Change Candle Standardized (ROCCS)ROCCS is a standardized rate of change oscillator with "error bars". Rate of change helps traders gauge momentum in a market by comparing the current price with the price "n" periods ago. What makes this special is you get to see the momentum of the momentum via the candle view. The candle transformation utilizes a moving average to smooth the signal however this is only used for the close price. The high and low prices are not smoothed. The moving average has an adjustable period, and so does the standardization.
I hope you can find great use in this upgraded roc indicator.
Line Chart with circles on sub chart / LineChart no CandlesLine Chart with circles as a subchart. The circle will appear only after the candle has been confirmed.
Things you can change:
- Source: open, high, low, close, hl2, hlc3, ohlc4, hlcc4
- Color: change the color of the line and the circles
have fun with it!
MACD CandleInstead of viewing MACD from a separate chart (histogram), this indicator will plot a candle based on the MACD value. It is easy to summarize trends and make your technical analysis charting less complex.
Average Candle RangeThis indicator calculates for you the average candle range for the current 24H trading session for the selected timeframe. The calculation starts from 00:00UTC until the current moment. The indicator is not time zone dependent, works well on every time zone.
Weekly Options Expiry CandleThis script shows weekly expiry candle on daily chart. In weekly expiry, week starts on Friday and end on next Thursday.
How the candle is constructed:
Open= Open price of Friday, if Friday is a holiday, next available open price
High= Highest high price of Friday, Monday, Tuesday, Wednesday, Thursday
Low= Lowest low price of Friday, Monday, Tuesday, Wednesday, Thursday
Close=Close price of Thursday, if Thursday is a holiday, previously available close price
I am very new to Pine script, so waiting for your comments and review.
Z CandlesScript to change candle color based on z-score.
Inputs:
'src': Price source that will be standardized.
'n': Number of periods used in calculation of z-score (mean and st. dev.).
Previous Close To Current High Percentage Per CandleGet the percentage of previous candle price to current high candle price.
This script will make your life easier to get percentage without you calculating it.
Hope you enjoy the tool and let me know if there is any feedback or improvement request.
Thank you very much. :D
--------------------------------
Formula:
Previous To High Percentage Per Candle = (high - previous / previous) * 100%
--------------------------------
Flunki Alt TimeFrame Candle Flip Flop Vibes
Experimental Script !
What it does :
Signals a bull / bear higher timeframe candle state but *ONLY* if it flips state.
There is also an adjustable bar lookback offset, equivalent to Close
Public script as it's barely an embryo of an idea..
Enjoy.
*note* due to the new pinescript 'resolution' timeframe functionality it will only colour the bars of the selected timeframe., I kinda like it :)
Normailzed CandleThis indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day.
Larry Williams talks about Open being the most important price of the day. Hence, this indicator.
The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days.
Average are not perfect calculations since occurrences(of Red or Green) will vary within the time-span used for averages.
These can used to gauge likelihood of the intra-day price reversal. If the price exceeds green/red line, there is higher likelihood of the price closing above/below open.
The blue lines are average Open-to-close for Green and Red occurrences.
Be careful on days where consecutive 3rd Highest High or Lowest Low day is made and also on the next day after such day. Prices may turn direction at least for a short while.
The precursor to this script of the Candle Infopanel script. That script was just numbers in panel and this is a graphical representation. I
Some of the calculations from original script are commented here because it would make visuals clutters (and probably the left-out calculation are not critical to making trade decisions!)
