CANDLESTICKANALYSIS

EffyewMoney

I've missed the beautiful trend visualization of Heiken Ashi candles ever since I first learned they don't play well with other indicators largely due to the method with which they're plotted. I wanted to color code a gradient onto candles to help visualize trend strength, and the Relative Strength Index was the first...

fikira

An other way to plot candles containing 4 ema's (length can be set) - 'high' = max of 4 ema's - 'low' = min of 4 ema's - 'open' = ema with longest length, which is not 'high' or 'low' - 'close' = ema with shortest length, which is not 'high' or 'low' Cheers!

AliBahaari

DMCP is a simple indictor which detects Marubozu candlestick patterns. Both bullish and bearish ones are contained and you can use it for trading swings.

pranjalchaubey

This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book. The indicator does not suffer from repainting. I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it. Although the patterns have some statistical edge in the markets,...

kattsu

This is an indicator that expresses the strength of a candlestick in numbers. The criteria are as follows Candlestick is bullish:+1,bearish:-1,（If the value is more than twice the ATR, the score is 2 and -2, respectively.) Close is higher than the previous value: +1, lower: -1　 High is higher than the previous value: +1, lower: -1 Low is higher than the previous...

acowwn

This script is based on Trading Rule #19 from Chester Keltner's book How To Make Money On Commodities. It is best applied to candlestick charts with longer time frames and plans with minimal losses (i.e. swing trades). The rule is based on "Key" trend days (this is applied to daily charts in the book). An initial Key-Up day is established on the third day of 3...

LuxAlgo

This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator. Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals. It...

LuxAlgo

This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. The notations HH, HL, LH, and LL you can see on the labels are defined as follows: HH : Higher...

LonesomeTheBlue

Hello All, Tick Chart is created using ticks and each candlestick in Tick Chart shows the price variation of X consecutive ticks ( X : Number of Ticks Per Candle ). for example if you set Number of Ticks Per Candle = 100 then each candlestick is created using 100 ticks. so, Tick Charts are NOT time-based charts (like Renko or Point & Figure Charts). Tick is the...

informanerd

This draws candlesticks from higher time frames on the current chart. I tried to keep the script simple using some newly introduced Pine capabilities. To change the options like the higher time frame and candle colors, check the indicator settings. Looking forward to your opinions!

rmunoz

This script shows you where a candle is either bullish or bearish engulfing the previous candle. A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle

tradercgt

Highlights the chart background of the bars in the specified days of week.

SoftKill21

After extensive research the next candlesticks patterns I have found out to be the most profitable from the entire list of candlestick patterns. In this case I also added a small risk management inside for TP and SL , using 2:1 reward to risk ratio , 10% TP and 5% SL. At the same time if we dont reach either TP or SL, we exit when we meet a bearish candlestick...

trumanhung

I combined all the build-in candlestick patterns scripts into one single script so anyone who does not have a Pro plan can display all the patterns in the same chart. Leave a comment for any feedback!

FreeReveller

This indicator calculates the Simple Moving Average of the difference in percentage between lows and highs of a candle. This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto.

ZenAndTheArtOfTrading

Overview This script trades basic hammer and shooting star candlestick patterns. It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs. It is intended to be traded on the forex markets but theoretically should work on all...

ugurvu

There are many linear regression indicators out there, most of them draw lines or channels, but this one actually draws a chart.

everget

Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.