DECP is simple and easy to use! It detects bullish and bearish engulfing candlestick patterns. After detecting the patterns I've said, it mentions that the pattern is going to continue its direction to up or down. But remember candlestick patterns don't determine targets and it's possible that predicted directions fail. So use it carefully and enjoy it!
Simple script for finding Hikkake patterns in charts. This script will: - Identify bullish / bearish variants of the Hikkake pattern. - Allow the user to change the color scheme for the bullish / bearish variants. - Allow the user to specify which Hikkake patterns will be recognized by this hunter (specifically, allowing which of the three candles after the...
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...
Hi guys This script will help you to find Hammer candles and also Shooting star candles. These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal. I hope you find it helpful and enjoy it. Please leave your comments for improving this script.
This indicator identifies the following candle stick patterns: Bullish and Bearish Engulfing Hammer/Hanging Man, Shooting Star Tweezer Tops and Bottoms Doji Star Doji Gravestone Made for trading Forex Binary Options but can be used in any market. When the candlestick pattern emerges the script will label the pattern. A helpful visual tool for your...
This indicator calculates the difference in percentage between lows and highs of a candle. The orange bars show the height of the candle body (open/close) and the red/green on top show the percentage of the wicks (high/low). This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto. It also shows the Simple...
Most Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer...
Lite version of the original Trendy Bar Trend Color This will only color the candlestick body of your chart Can be used with solid, hollow, renko, or any other chart type Custom coloring for Highs, Lows, and consolidation is removed
A bull flag is essentially a small consolidation near the top of an upthrust. If we picture it as a candlestick pattern, it should have a big green candlestick + a small body red/green candle near the top of the top big green candle. This script essentially help you identify these.
Level: 3 Background Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart? Function L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key...
Hey this is my second script. This a combination of Bollinger Bands and detection of Engulfing Candles. This study also filters out and displays Bull, Bear, and False signals, using the long term 200 EMA Trend. Let me know what you think!
In the book, The New Technical Trader by Tushar Chande and Stanley Kroll there is a part that talks about candlestick analysis and how the wicks play a role on how the price will behave. When wick lengths increase then there could be uncertainty. Weakening of support and resistance levels can also be seen by the size of the candlestick wicks or shadows. Shoutouts...
Level: 2 Background Japanese candlesticks provide more detailed and accurate information about price movements compared to bar charts. They provide a graphical representation of the supply and demand behind the price promotions for each period. Each candlestick contains a central part that indicates the distance between the opening and closing of the security...
The reversal closing price (RCP) is a candlestick pattern which follows two simples rules: the low price of current candle needs to be lower than the low price of the last 2 candles the closing price of current candle needes to be higher than the closing price of the last candle This generates a signal for a long position. For a short position, the...
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. This indicator by its very nature backpaints by default, meaning that the displayed components are...
Hello Traders, This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume. The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative...
This draws a label to alert user when a higher timeframe candle closes on a intraday chart. Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
Hey. This strategy is still in working. For it I check a x amount of candles in the past if they been for example all red/green in row, and based on that I enter. For example candle 7 < candle 6 .... candle 3 < candle 2 .... candle 1 < candle current for long and viceversa for short. After that,once the trade is initiated, I exit based on 2 possibilities :...