CANDLE FILTER Todays scripts is based on my Pullback And Rally Candles with other meaningful candles such as Hammers and Dojis.
You can choose which Candles to show on the cart and if you want to candles to appear above or below a moving average.
If you follow my work, you may recognise some of these candles which I'm about to show you however these candles are 1) more refined and 2) has moving average filters.
Ive included a D,6H,1H Candle in this script as on different timeframes - each swing low on average has a different amount of bars within the swing low / swing high so the DPB and RD will only work on the Daily
//Pullback candle
This candle is very powerful when used with simple Price Action such as Market Structure//Demand zones and support zones. (((((WORKS BEST IN UPTRENDS AND BOTTOM OF RANGES)))))
Ive included a D,6H,1H Pullback Candle in this script as on different timeframes - each swing low on average has a different amount of bars within the swing low so the DPB will only work on the Daily
//DAILY PULLBACK (Swing Traders)
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//4H PULLBACK (Swing Traders)
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- this signal will produce more signals due to the swing low filter on the 4H
//1H PULLBACK
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- this signal has been refined due to too many candle displaying in weak areas
!!!IF YOU DONT WANT TO USE PULLBACKS DURING DOWNTRENDS THEN USE THE EMA FILTER TO TURN OFF THE PULLBACKS WHEN PRICE IS BELOW THE MOVING AVERAGE!!!
//Rally candle (My personal Favourite) (((((WORKS BEST IN DOWNTRENDS AND TOP OF RANGES)))))
This candle is very powerful when used with simple Price Action such as Market Structure//Supply zones and Resistance zones.
//DAILY RALLY(Swing Traders)
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//4H RALLY(Swing Traders)
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- this signal will produce more signals due to the swing high filter on the 4H
!!!IF YOU DONT WANT TO USE RALLIES DURING UPTRENDSTHEN USE THE EMA FILTER TO TURN OFF THE RALLIES WHEN PRICE IS ABOVE THE MOVING AVERAGE!!!
//POWERFUL DOJIS (INDECISION)
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We look for indecision in key areas to see if momentum is shifting. When combined with Pullbacks or Rallys - this will enhance the odds of a probably area.
//HAMMERS
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//MOVING AVERAGES
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Short EMA = 50
Long EMA = 200
This filter can be used when the market is trending - look out for rejections off the moving averages
Also you can chance the Short And Long EMA to choose which MA cross you want to use
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ALSO ALL THE CANDLES HAVE A ALERT CONDITIONS WHICH YOU CAN ACCESS - THIS WILL ALERT ANY CANDLE YOU CHOOSE
Please leave a like/comment on this post as this is much appreciated....
Candles
No Active BarThis is probably the only script on TradingView that's clinically proven to lower your blood pressure!***
This script in conjunction with some chart settings changes can completely hide the active candle, only showing historic candles, thus, reducing risk of cardiac arrest and or panic attack.
What to do:
0. Make sure you are using a candlestick chart or this script won't work properly
1. Right click the chart and select "Settings..."
2. Select "Symbol" under the "Chart Settings" menu
3. Disable every item EXCEPT for the "Body"
4. Click on the boxes next to "Body" to access the color picker then change both box's transparency settings down to 0
(the script only colors closed bars, so the active bar will be present just transparent)
5. Right click on the price scale on the far left or far right side of the screen and hover the mouse over "Labels". If any selections have a check mark next to them click them to disable them (especially the "Ask & Bid" price setting since it tracks current price)
That's it! Instead of wicks the High & Low prices are plotted above and below the candles using a step line. It looks a bit strange at first but you'll get used to it. Check out the indicator settings to change the color and style of the High & Low lines.
***The statement could prove true for some but is mostly complete bullshit
Determine Consecutive Candles█ OVERVIEW
This is a simple script that will plot labels over or under candles to show where there had been consecutive candles that closed in a similar fashion. This script was inspired by a Tweet about Bitcoin experiencing its first 7th-consecutive weekly black candle and I sought out to test that.
█ INPUTS
There are three inputs for this script.
"offset" ( integer ) - (Can be 0 or 1) Allows the user to apply this script at the currently closing candle or the most recently closed candle.
"Number of Candles" ( integer ) - (From 3 to 100*) Allows the user to select how many candles to back test for consecutive-ness.
"Black or White" ( boolean ) - Allows the user to select what kinds of candles to look for in this script. (true - Black , false - White ).
*Publishing open-sourced, this selection was arbitrary and can be modified at will.
█ USAGE
Because I had created this in a little over an hour, this is just a simple experiment that I wanted to share with others. Its applications are unknown to me, but I am interested in hearing how others may find what this script does useful.
HTF Candle Boxes for LTF Charts
This indicator allows you to show an outline of a Higher Time Frame (HTF) candle on a Lower Time Frame (LTF) chart. Options include selecting the HTF interval, and an option to either show a single shaded Box for the candle (High to Low), or a shaded box for the body (Open to Close) with the High to Low shown in an unshaded box. The purpose is to easily visualise what the previous HTF candles look like as you are working on the lower charts, for example was yesterday's candle Bullish, Bearsish, indecision, a Doji etc.
Candle Colored by Volume Z-score [Morty]This indicator colors the candles according to the z-score of the trading volume. You can easily see the imbalance on the chart. You can use it at any timeframe.
In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is being observed or measured. Raw scores above the mean have positive standard scores, while those below the mean have negative standard scores.
This script uses trading volume as source of z-score by default.
Due to the lack of volume data for some index tickers, you can also choose candle body size as source of z-score.
features:
- custom source of z-score
- volume
- candle body size
- any of above two
- all of above two
- custom threshold of z-score
- custom color chemes
- custom chart type
- alerts
default color schemes:
- green -> excheme bullish imbalance
- blue -> large bullish imbalance
- red -> excheme bearish imbalance
- purple -> large bearish imbalance
- yellow -> low volume bars, indicates "balance", after which volatility usually increases and tends to continue the previous trend
Examples:
* Personally, I use dark theme and changed the candle colors to black/white for down/up.
Volume as Z-score source
Any as Z-score source, more imbalances are showed
topsy-turvy tousled candlesVery simple and weird type of candlesticks 😀
Wicks becomes body-ish and body becomes wickish
Cheers!
Rolling Heikin Ashi Candles█ OVERVIEW
This indicator displays a Rolling Heikin Ashi Candles for a given timeframe Multiplier. Contrary to Heikin Ashi Candles Charts, if the timeframe Multiplier is "5", this indicator plots Heikin Ashi Candles OHLC of the last 5 Candles.
█ WHAT IS THE NEED FOR IT
Let's see if we want to use a Higher timeframe OHLC Data using security function or resolution options. The indicator repaints until the higher timeframe Heikin Ashi Candles closes, leading to a repainting strategy or indicator using higher-timeframe data. So we can use Rolling Heikin Ashi Candles in these cases.
█ USES
To Pull out higher timeframe Heikin Ashi Candles OHLC Data to build a non-repainting strategy or indicator.
█ WHY I AM BUILDING THIS SIMPLE INDICATOR
There is no doubt higher timeframe analysis is a critical study to mastering the markets.
I found a necessity for an indicator that analyses multiple higher timeframes and gives us a cumulative or average trend direction. I already built the indicator; I will release it soon. The Indicator I am building is wholly based on my understanding and perspective of Market Structure. Please use this indicator idea to remove the repainting issue when you make an indicator that utilises higher timeframe data.
I am using this in my upcoming indicators. Felt to share before head.
Stay Tuned...
If you have any recommendations or alternative ideas, then please drop a comment under the script ;)
Rolling OHLC Candles█ OVERVIEW
This indicator displays a Rolling OHLC Bars for a given timeframe Multiplier. Contrary to OHLC Charts, if the timeframe Multiplier is "5", this indicator plot OHLC of the last 5 Candles.
█ WHAT IS THE NEED FOR IT
Let's see if we want to use a Higher timeframe OHLC Data using security function or resolution options. The indicator repaints until the higher timeframe OHLC Candle closes, leading to a repainting strategy or indicator using higher-timeframe data. So we can use Rolling OHLC Candles in these cases.
█ USES
To Pull out higher timeframe OHLC Data to build a non-repainting strategy or indicator.
Prominently, traders use Heikin Ashi Candles to locate trends or trading opportunities easier than traditional candlesticks. But the OHLC in those Heikin Ashi candles doesn't match with conventional candlesticks. We can use these Rolling OHLC Candles as an alternative for Heikin Ashi Candles because Here we can locate trends or trading opportunities easier than traditional candlesticks, and also close of these candles matches the close of the standard candlesticks, which can help us to take trades based on the close of the candles.
█ WHY I AM BUILDING THIS SIMPLE INDICATOR
There is no doubt higher timeframe analysis is a critical study to mastering the markets.
I found a necessity for an indicator that analyses multiple higher timeframes and gives us a cumulative or average trend direction. I already built the indicator; I will release it soon. The Indicator I am building is wholly based on my understanding and perspective of Market Structure. Please use this indicator idea to remove the repainting issue when you make an indicator that utilises higher timeframe data.
I am using this in my upcoming indicators. Felt to share before head.
Stay Tuned...
If you have any recommendations or alternative ideas, then please drop a comment under the script ;)
Candles Colored Green/Red According To Buy & Sell PressureCANDLES COLORED GREEN OR RED ACCORDING TO BUY & SELL PRESSURE
This indicator paints each candle green, red or blue depending on whether the buy/sell pressure for that candle is bullish, bearish or neutral.
***TURN OFF NORMAL CANDLE COLORS***
For this script to show properly on the chart, make sure you go to chart settings(gear icon in top right corner) and in the symbol tab, uncheck body, borders and wick.
***HOW TO USE***
When the directional movement index indicator shows more buying pressure than selling pressure, the candle will appear lime green. This indicates bullish buying pressure.
When the directional movement index indicator shows more selling pressure than buying pressure, the candle will appear red. This indicates bearish selling pressure.
When the directional movement index indicator shows the same amount of buy and sell pressure, the candle will appear blue. This indicates neutral buy/sell pressure.
Use the color changes to see if there is more buying or selling to pinpoint reversals and understand current market buying. Wait to enter or exit positions until the candles turn the opposite color.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This DMI color coded candlestick indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Color Coded Buy & Sell Pressure Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Buy & Sell pressure Candle indicator.
Heikin-Ashi Candle ColoringThis script will change the color of normal candlesticks to the color that the corresponding Heikin-Ashi candles would have.
This allows to spot a trend or a trend reversal just by looking at candles, without using Heikin-Ashi candles, which distort the appearance of a typical chart.
AnyChartI changed few lines of code from TradingView's original Open Interest indicator to make this one. I wanted to compare other charts to while entering my trade like looking at BTC when trading in alts. It has option to view any chart. Add other things to improve your analysis.
Candles HTF on Heikin Ashi ChartThis script enables calling and/or plotting of traditional Candles sources while loaded on Heikin Ashi charts.
Thanks to @PineCoders for rounding method: www.pinecoders.com
Thanks to @BeeHolder for method to regex normalize syminfo.tickerid.
NOTICE: While this script is meant to be utilized on Heikin Ashi charts it does NOT enable ability to backtest!
NOTICE: For more info on why non standard charts cannot be reliably backtested please see:
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Hollow, Filled Candle IndicatorColored, Filled and Hollow candles similar to Stock charts candles.
Hollow Black - close > prior close and close > open
Filled Black - close > prior close and close < open
Hollow Red - close < prior close and close > open
Filled Red - close < prior close and close < open
Volume Footprint [LuxAlgo]This indicator estimates a volume footprint using tick data. The script automatically separates a candle into equidistant intervals with a width obtained from the average true range or a user-given width.
Settings
Method: Interval width calculation method. This ultimately determines the number of intervals separating one candle.
Width (At the right of Method): Atr period or user given width depending on the selected method. A lower user-given width would divide a candle into a higher number of intervals.
As Percent: Returns the accumulated volume within each interval as a percentage of the total candle volume.
Style
Display Type: Determines the appearance of the returned volume footprint.
Trend Color: Color to use based on whether a candle is bullish or bearish.
Usage
When applied to a chart, the user will be asked to select the settings to use for the volume footprint. Note that changing the settings afterward will reset the volume footprint, removing previously generated footprints.
A new footprint will appear on the confirmation of a new bar, as such this version might only be useful in lower timeframes.
A volume footprint allows users to see the number of contracts exchanged within a candle interval. It can as such be seen as some kind of intrabar volume profile.
This can be useful to see areas of interest within a candle.
Different Appearance
By default, the volume footprint makes use of colored boxes with a color based on whether the candle was bullish or bearish.
Another appearance that gives additional information is the gradient type, which uses intervals color based on the number of contracts exchanged within an interval relative to the total volume of the candle. A higher number of contracts within an interval would return a darker color by default.
The regular display type makes use of boxes with a single color, with lines on the side indicating whether the candle was bullish or bearish.
Circular Candlestick ChartAn original (but impractical) way to represent a candlestick chart using circles arc.
The most recent candles are further away from the circle origin. Note that OHLC values follow a clockwise direction. A higher arc length would indicate candles with a higher body or wick range.
The Length settings determine the number of past candles to be included in the circular candlestick chart. The Width setting control the width of the circular chart. The Spacing setting controls the space between each arcs. Finally, the Precision settings allow obtaining a more precise representation of candles, with lower values returning more precise results, however, more precision requires a higher amount of lines. Settings are quite hard to adjust, using a higher length might require a lower spacing value.
Additionally, the script includes two pointers indicating the location of the 75 (in blue) and 25 (in orange) percentiles. This allows obtaining an estimate of the current market sentiment, with the most recent arcs laying closer to the 75 percentile pointer indicating an up-trend.
This new way to represent candlesticks might be useful to more easily identify candles clusters or to find new price patterns. Who knows, we know that new ways to see prices always stimulate traders imagination.
See you next year.
Box Trading (Malaysia Stock Market)1. This indicator is based on the Box Trading technique for Malaysia Stocks Market.
2. The idea of Box Trading is to use high / low of the last Marubozu Candle as a Resistance / Support for the next following candles.
3. If price of next following candle breaks Resistance of high in the last Marubozu Candle, then enter the trade.
4. If price of next following candle breaks Support of low in the last Marubozu Candle, then exit the trade.
5. Hence, this indicator will indicate:
- Last Marubozu Candle in a green bar (preset at 6 bids/pips for Malaysia Stocks Market)
- Resistance Line on the top of the high last Marubozu Candle
- Support Line at the bottom of the low last Marubozu Candle
- T calculation starting from T0 until T+3 (to indicate days before short selling occur at T+4 of Malaysia Stocks Market)
- Blue up triangle to indicate price breakout the Resistance Line
- Red down triangle to indicate price breakout the Support Line
6. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
7. Hope you guys enjoy it. Thanks.
Candlestick Trading (Malaysia Stock Market)1. This indicator will indicate signals of bearish/bullish candlestick as below:
- 10 Bear Candles: Dark Cloud Cover, Bearish Kickers, Bearish Engulfing, Evening Star, Three Black Crows, Hanging Man, Shooting Star, Tweezer Top, Bearish Harami, Doji
- 10 Bull Candles: Piercing, Bullish Kickers, Bullish Engulfing, Morning Star, Three White Soldiers, Hammer, Inverted Hammer, Tweezer Bottom, Bearish Harami, Doji
2. In order for the Bear Candle signals to appear, these conditions should be met:
- Price must be above MA 1 (preset at SMA 20)
- Price must be above MA 2 (preset at SMA 50)
- Price must be above MA 3 (preset at SMA 200)
- In the range of specified trading days (preset at latest 10 days of trading)
3. For a strong bearish signal, a namely 'Potential Top' signal will appear on the top of the bearish candlestick signal. This 'Potential Top' signal will only appear under the condition of:
- Stochastic is at overbought area (preset at 75%)
4. In order for the Bull Candle signals to appear, these conditions should be met:
- Price must be in between MA 4 (preset at EMA 30) and MA 5 (preset at EMA 100)
- In the range of specified trading days (preset at latest 10 days of trading)
5. For a strong bullish signal, a namely 'Potential Bottom' signal will appear at the bottom of the bullish candlestick signal. This 'Potential Bottom' signal will only appear under the condition of:
- Stochastic is at oversold area (preset at 25%)
6. This indicator can help one to enter/exit a trade based on the bullish/bearish candlestick patterns that appear at the beginning/end of a trend, especially when the 'Potential Bottom/Top' appears with any of bullish/bearish candlestick signal.
7. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
8. Hope you guys enjoy it. Thanks.
Standard Deviation Candles (With Emoji)In crypto, significant price moves can be a sign of continuation or reversal. This script measures if price move is greater than a certain number of standard deviations vs. previous periods, then alters bar colours and/or prints an emoji signal.
Stochastic RSI Heat Candles OverlayThis script is based on the Stochastic RSI indicator.
Candles are dynamically colored with a customizable RGB shading directly generated from the average Stochastic RSI current value.
By default, colors represent the following status -> green is overgought & red is oversold.
Options:
Shading colors: Choose between Red/Green, Green/Blue, and Blue/Red shadings to represent the SRSI heat.
Invert colors: Switch colors of the selected shading.
Third color: Select a value from 0 to 255 for the third color which does not vary.
Transparency: Select the transparency value.
Overlay style : Choose to color the whole candle, or only borders and wick.
Show candle side: If you choose to fully fill candles with the SRSI heat color , enable this option to plot shapes representing the candles directions.
Candle marks colors: Select bull and bear colors for direction shapes.
Overbought and Oversold situations are also represented by colored shapes at the top of the chart.
Standards Stochastic RSI parameters.
Examples:
Notes:
Do not forget to bring the script to the front of your chart to avoid being covered by default candles.
Next improvements would probably be a better coloring algorithm, however, do not hesitate to suggest any modifications in comments.
Initially, I shared a Stochastic RSI Heat Bollinger Bands indicator which gave me the idea to develop this one, you can find it on my profile.
CandleEvaluationLibrary "CandleEvaluation"
Contains functions to evaluate bullish and bearish, engulfing, and outsized candles. They are different from the built-in indicators from TradingView in that these functions don't evaluate classical patterns composed of multiple candles, and they reflect my own understanding of what is "bullish" and bearish", "engulfing", and "outsized".
isBullishBearishCandle()
Determines if the current candle is bullish or bearish according to the length of the wicks and the open and close.
int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar.
returns Two values, true or false, for whether it's a bullish or bearish candle respectively.
isTripleBull()
Tells you whether a candle is a "Triple Bull" - that is, one which is bullish in three ways:
It closes higher than it opens
It closes higher than the body of the previous candle
The High is above the High of the previous candle.
int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar.
returns True or false.
isTripleBear()
Tells you whether a candle is a "Triple Bear" - that is, one which is bearish in three ways:
It closes lower than it opens
It closes lower than the body of the previous candle
The Low is below the Low of the previous candle.
int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar.
returns True or false.
isBigBody()
Tells you if the current candle has a larger than average body size.
int _length - The length of the sma to calculate the average
float _percent - The percentage of the average that the candle body has to be to count as "big". E.g. 100 means it has to be just larger than the average, 200 means it has to be twice as large.
returns True or false
isBullishEngulfing()
Tells you if the current candle is a bullish engulfing candle.
int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar.
int _atrFraction The denominator for the ATR fraction, which is the small amount by which the open can be different from the previous close.
returns True or false
isBearishEngulfing()
Tells you if the current candle is a bearish engulfing candle.
int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar.
int _atrFraction The denominator for the ATR fraction, which is the small amount by which the open can be different from the previous close.
returns True or false
RSI CrayonsThis simple script colors candles based on the Relative Strength Index. RSI Values > 50 are solid colors, RSI values < 50 are pastels, with additional colors/fills/alerts for overheated and oversold (both user adjustable thresholds) conditions.
As an added bonus, RSI can be calculated by non-traditional methods (not using the running/smoothed moving average) using a variety of different moving averages, but you may have to adjust the time-frame for 'faster' moving averages. An option for plotting the moving average basis is also available.
Value Added:
This indicator can be used to chart RSI without adding an "oscillator frame" to your chart, since we don't normally care too much about RSI values between 30 and 70 under normal conditions.
EM_RSI Gradient Candles
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 thing to come to mind. For coloring, it's possible the new color.from_gradient function would have worked, but I couldn't guarantee a highly customizable indicator with a single gradient so I took a more classic approach.
First, RSI was calculated using Tradingview's built-in RSI code.
Then I broke down the RSI's range of 1-100 into 10 tiers and assigned each a color option with the ability to turn any particular tier off if desired.
I found it to be extremely modular and helpful in visualizing both trend strength and identifying potential trend reversals due to a reduction in strength.
You can use it on every candle to help inform decisions, or keep all but <10 and >90 turned off so that it only changes candle color during the most extreme trends.
Or anything in between!
This is my first self-coded indicator so I'm already proud.
Please let me know what you think, and feel free to suggest improvements for future versions in the comments!
Nunchucks✖ Nunchucks
A new way to display market data
Does not flip color during current candle
Displays Higher and Lower than the previous nunchuck's range
Use it with current price line
