Autocorrelation - The Quant ScienceAutocorrelation - The Quant Science it is an indicator developed to quickly calculate the autocorrelation of a historical series. The objective of this indicator is to plot the autocorrelation values and highlight market moments where the value is positive and exceeds the attention threshold.
This indicator can be used for manual analysis when a trader needs to search for new price patterns within the historical series or to create complex formulas in estimating future prices.
What is autocorrelation?
Autocorrelation in trading is a statistical measure used to determine the presence of a relationship or pattern of dependence between values in a financial time series over time. It represents the correlation of past values in a series with its future values. In other words, autocorrelation in trading aims to identify if there are systematic relationships between the past prices or returns of a security or market and its future prices or returns. This analysis can be helpful in identifying patterns or trends that can be leveraged for informed trading decisions. The presence of autocorrelation may suggest that market prices or returns follow a certain pattern or trend over time.
Limitations of the model
It is important to note that autocorrelation does not necessarily imply a causal relationship between past and future values. Other variables or market factors may influence the dynamics of prices or returns, and therefore autocorrelation could be merely a random coincidence. Therefore, it is essential to carefully evaluate the results of autocorrelation analysis along with other information and trading strategies to make informed decisions.
How to use
The usage is very simple, you just need to add it to the current chart to activate the indicator.
From the user interface, you can manage two important features:
1. Lenght: the delay period applied to the historical series during the autocorrelation calculation can be managed from the user interface. By default, it is set to 20, which means that the autocorrelation ratio within the historical series is calculated with a delay of 20 bars.
2. Threshold: the threshold value that the autocorrelation level must meet can be managed from the user interface. By default, it is set to 0.50, which means that the autocorrelation value must be higher than this threshold to be considered valid and displayed on the chart.
3. Bar color: the color used to display the autocorrelation data and highlight the bars when autocorrelation is valid can be managed from the user interface.
To set up the chart
We recommend disabling the 'wick' and 'border' of the candlesticks from the chart settings for a high-quality user experience.
Patterns
Fibonacci Timing PatternThe Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions:
* For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago.
* For a bearish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is higher than the close prices from 3 and 5 periods ago.
The signals of the pattern are ideally used in a sideways market or used in tandem with the trend (bullish signals are taken in a bullish market and bearish signals are taken in a bearish market).
Naked Bar Upward ReversalAMEX:SPY
The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the next open above the inside candle's close.
This is a bullish reversal pattern and should be used in this context. Successful entries are found in corrections along an upward trend, or buying into a dip. Performance drops when the pattern appears at tops. To improve profitability, use a cluster of evidence to enhance the performance of this pattern. The intended time frame is within the daily and weekly.
Harmonic Pattern Detection [LuxAlgo]Harmonic patterns make up a major part of the many patterns traders use to make investment decisions. The following tool aims to automatically categorize which XABCD harmonic pattern is highlighted by the user and to alert when the price reaches the PRZ or D point.
The tool can categorize Bat, Gartley, Butterfly, and Crab patterns.
Settings
XA Precision: The Gartley and Butterfly patterns require precise ratios for the XA segment, this setting allows giving some headroom for the detection of these patterns. For example, the Gartley pattern requires a ratio for the XA segment of 0.618, using an XA precision of 0.01 will allow the segment to be considered correct if above 0.608 and under 0.628.
Bullish: Color of a bullish pattern
Bearish: Color of a bearish pattern
The X, A, B, C, D settings determine the location of the harmonic pattern vertices. The user does not need to change them from the settings, instead only requiring adjusting their location on the chart like with a regular drawing tool. Setting these vertices is required when adding the indicator to your chart.
Usage
Upon setting the harmonic pattern vertices, the segments, as well as each ratio and PRZ, will be displayed. A dashboard in the top right displays which harmonic pattern has been detected.
Detected bearish crab pattern on BTCUSD15.
Bullish butterfly pattern on MATICUSD15. It is important not to use an XA precision value that would return overlapping ranges between the Gartley/Harmonic and other patterns. Using the default value is recommended.
The upper limit of the PRZ is determined as vertex D plus 38.2% of segment DX, while the lower limit is the vertex D minus 38.2% of segment DX. Various methods exist for the determination of the PRZ, this one is general but the user can use one proper to the detected harmonic pattern.
Finally hovering on the label highlighting the segment ratios return the proper ratio used by each harmonic pattern for that precise segment.
All Candlestick Patterns - ExportThis is a copy of the built-in All Candlestick Patterns indicator, but with an additional plot for each indicator to support exporting. When exporting, each candlestick pattern will have its own column, with a 1 indicating the candlestick pattern was detected, and 0 indicating it wasn't. The plots are all overlaid, so are they are not useful for viewing, they are only used to generate values to export. This indicator also does not include alerts, so the built-in indicator should be used for everything except exporting.
Candlestick Pattern FinderThis script identifies common candlestick patterns and marks them with a tool-tip on the chart. It is a compilation of Tradingview's built-in candlestick finding scripts so it uses the same rules defined by Tradingview to identify the patterns. Instead of using a separate indicator for each candlestick pattern, you can use this script to find all the candlestick patterns with a single indicator.
By default, the script does not mark any of the detected patterns on the chart. You will have to open the indicator settings and enable the patterns you would like to see on the chart. There are also three tick-boxes that let you to enable/disable all the selected bearish/bullish/neutral patterns at once, i.e. if you would like to only see bearish patterns, you can disable all the bullish and neutral patterns at once with the corresponding tick boxes. When you enable bullish patterns again, the script will show your selection of bullish patterns again on the chart.
When you hover on the tool-tips with your cursor, a short description about the pattern will be displayed.
Function To Candles - Another way to see indicatorsIntroduction
There are different and better way's to see price data, a candlestick chart is one of the best way to see the price since you have access to the open/high/low/close information, this is really efficient and can allow for naked non parametric trading strategies (candlesticks patterns) . But what about making candles out of indicators ? There are tons of studies about candlesticks patterns in price data but none (?) about candlestick patterns using indicator data, therefore i made this script in order to show candles from various indicators, i also made an heikin-ashi mode.
Rsi To Candles
All the indicators are use the open/high/low/close price as input in order to return candles. length control the indicator period.
Stochastic To Candles
The stochastic oscillator is restrained in a range of 0/100, therefore when equal to 0 or 100 the candles can be flat.
Rate Of Change To Candles
The rate of change don't distort price as heavily as other indicators since its based on differencing.
Center Of Gravity To Candles
The center of gravity (cog) is defined from tradingview as "an indicator based on statistics and the Fibonacci golden ratio", its not an indicator i'am familiar with and i don't know if its the same proposed by Elhers. The candles are smooth, high length can flatten the candles heavily making them hard to see.
Correlation Oscillator
In a range of -1/1 this indicator is quite smooth and can also flatten candles.
Patterns And Heikin-Ashi
There are tons of patterns that can be generated from candlesticks, they can be applied to this indicator as well.
The indicator can show an heikin-ashi mode, heikin-ashi candlestick use averaging to plot candles, this is why they appear smoother, some signals generated from heikin-ashi candles are :
Bullish body with no lower shadows = Strong Uptrend
Bearish body with no higher shadows = Strong Downtrend
High range and small body = Indecision/Risk of reversal
Conclusion
I made an indicator able to draw candles from other indicators, those candles contain various information that can generate decision from patterns. I hope you find a use to it, if its the case share your findings with me, maybe that you will even be able find a new candlestick pattern :)
Thanks for reading !
High Performance Candlestick Patterns Colors//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI
//1. Bearish Three Line Strike +Up 67.38%
//2. Bullish Three Line Strike -Down 65.23%
//3. Bearish Three Black Crows -Down 59.83%
//4. Bearish Evening Star -Down 55.85%
//5. Bullish Upside Tasuki Gap +Up 54.44%
//6. Bullish Inverted Hammer -Down 51.73%
//7. Bullish Matching Low -Down 50.00%
//8. Bullish Abandone Baby +Up 49.73%
//9. Bearish Two Black Gapping -Down 49.64%
//10. Brearish Breakaway -Down 49.24%
//11. Bullish Morning Star +Up 49.05%
//12. Bullish Piercing Line +Up 48.37%
//13. Bullish Stick Sandwich +Up 48.20%
//14. Bearish Thrusting Line During Dowtrend +Up 48.10%
//15. Bearish Meeting Line +Up 48.07%
//Down=Yellow Bar Color and Black Text
//Up=Blue Bar Color and Blue Text
//High Performance Candlestick Patterns Colors Top 15
Bearish Candlestick PatternsDoji
Black Spinning Top
White Spinning Top
Bearish Abandoned Baby
Bearish Advance Block
Bearish Below The Stomach
Bearish Belt Hold
Bearish Breakaway
Bearish Counter Attack Lines
Bearish Dark Cloud Cover
Bearish Deliberation Blok
Bearish Descending Hawk
Bearish Doji Star
Bearish Downside Gap Three Methods
Bearish Downside Tasuki Gap
Bearish Dragonfly Doji
Bearish Engulfing
Bearish Evening Doji Star
Bearish Evening Star
Bearish Falling Three Methods
Bearish Falling Window
Bearish Gravestone Doji
Bearish Hanging Man
Bearish Harami
Bearish Harami Cross
Bearish Hook Reversal
Bearish Identical Three Crows
Bearish In Neck
Bearish Island Reversal
Bearish Kicking
Bearish Ladder Top
Bearish Last Engulfing Top
Bearish Low Price Gapping Play
Bearish Mat Hold
Bearish Matching High
Bearish Meeting Line
Bearish On Neck
Bearish One Black Crow
Bearish Separating Lines
Bearish Shooting Star
Bearish Side by side White Lines
Bearish Three Black Crows
Bearish Three Gap Up
Bearish Three Inside Down
Bearish Three Line Strike
Bearish Three Outside Down
Bearish Three Stars in the North
Bearish Thrusting Line During Dowtrend
Bearish Tower Top
Bearish Tristar
Bearish Tweezers Top
Bearish Two Black Gapping
Bearish Two Crows
Bearish Upside Gap Two Crows
Bullish Candlestick PatternsBullish Abandone Baby
Bullish Above The Stomach
Bullish Belt Hold
Bullish Breakaway
Bullish Concealing Baby Swallow
Bullish Counterattack Lines
Bullish Deliberation Block
Bullish Descent Block
Bullish Doji Star
Bullish Downside Gap Two Rabbits
Bullish Dragonfly Doji
Bullish Engulfing
Bullish Hammer
Bullish Harami
Bullish Harami Cross
Bullish High Price Gapping Play
Bullish Homing Pigeon
Bullish Hook Reversal
Bullish Inverted Hammer
Bullish Island Reversal
Bullish Kicking
Bullish Ladder Bottom
Bullish Last Engulfing Bottom
Bullish Mat Hold
Bullish Matching Low
Bullish Meeting Line
Bullish Morning Doji Star
Bullish Morning Star
Bullish On Neck
Bullish One White Soldier
Bullish Piercing Line
Bullish Rising Three Methods
Bullish Rising Window
Bullish Separating Lines
Bullish Side by Side White Lines
Bullish Stick Sandwich
Bullish Takuri Line
Bullish Three Gap Downs
Bullish Three Inside Up
Bullish Three Line Strike
Bullish Three Outside Up
Bullish Three Stars in the South
Bullish Three White Soldiers
Bullish Thrusting Line During Uptrend
Bullish Tower Bottom
Bullish Tristar
Bullish Tweezers Bottom
Bullish Two Rabbits
Bullish Unique Three River Bottom
Bullish Upside Gap Three Methods
Bullish Upside Tasuki Gap
Accumulation/Distribution ViewsThis is a script for a view I wanted to go along with the Autoview plugin I bought. Keep in mind this is my first script and was created for me to learn the Pinescript framework. This isn't meant to be perfect. Indicator colors are usually blue or green or red. Also keep in mind since this is my first script in a new framework, the more stuff I build the better improvement. This is just something I wanted to first create with settings I wanted for variance and colors. The things I create in the future will obviously be an improvement.
Candlestick Patterns [DW]This is a simple study designed to track multiple candlestick patterns. Custom alerts included.
clouded pastSearch indicators for "clouded" to find this one, and add to your chart.
Takes lowest(min) and highest(max) of several bars,
averages that over several bars,
shifts by half of the middle of those two bar numbers,
and colors the inbetween by candle color.
You can choose 3 parameters.
Please give feedback, or donation.
Thanks.
