Candle Wick Patterns Alerts & Liquidity TargetsCandle wicks provide incredibly useful confluence and confirmation of price action and technical analysis.
Quite simply a wick is formed by price being moved to an extreme by one side, then price being pushed back by the other side.
This can show increased pressure by one side, reduced or increased momentum, or exhaustion by another side.
This indicator while simple, is extremely powerful and versatile and can be set up to recognize numerous types of candle wick and therefore suit numerous trading styles.
The settings as to how wicks are highlighted are:
- Timeframe - view wicks on a higher timeframe while trading on a lower timeframe
- Minimum Wick to Body Ratio - increasing this value will look for wicks who are at least n times larger than the candle body. The most obvious examples here are Doji's - hammer, gravestone, dragonfly, etc. These can indicate trend reversals, indecision and changing momentum.
- Minimum Candle Body as percent of price - this value makes sure that any wick highlighted, belongs to a candle with a body that is at least n% of the price. A higher value is likely to show price momentum is stronger in a particular direction, good for confirming a trend.
- Minimum Candle Wick as percent of price - similar to candle bodies, this value will make sure the candle wick is at least n% of the price. This will identify large fluctuations in price, and if you are familiar with smart money concepts, an increasingly popular strategy is to target 50% of the wick being filled (liquidity).
- Show half fill level of wick - As above, this can provide a good target, which price will be drawn to, depending on the wick.
Finally, the indicator can be used to create alerts when a new wick that meets your settings criteria, is formed.
And don't forget you can add the indicator multiple times, with different settings to cover multiple scenarios and timeframes!
Buscar en scripts para "reversal"
William Blau Ergodic Tick Volume Indicator (TVI) [Loxx]William Blau Ergodic Tick Volume Indicator (TVI) is a volume/volatility indicator that is used for finding reversals in price movement
What is William Blau Ergodic Tick Volume?
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods.
William Blau's definition of TVI ergodicity is that the indictor is ergodic when periods are set to 32, 5, 1, and the signal is set to 5. Other combinations are not ergodic, according to Blau.
How to use TVI
TVI bar color change is a signal to enter the market. When the TVI changes from yellow to red, it is a signal to buy and if the TVI bar changes from blue to green, it is a signal to sell.
Just like the MACD and TRIX, the zero line on the indicator determines market sentiment and trend. If the TVI bars are above the zero line it's bullish and if the TVI bars are below the zero line the trend is bearish. Zero line crosses can be used to determine continuation and trend entries as well.
Included
Bar coloring
35+ moving averages for both TVI and the signal
Infiten's Price Percentage Oscillator Channel (PPOC Indicator)What is the script used for?
Infiten's Price Percentage Oscillator (PPOC Indicator) can be used as a contrarian indicator for volatile stocks and futures to indicate reversals, areas of support and resistance. For longer term trading, if the Short SMA or prices go above the High PPO Threshold line, it is a sign that the asset is overbought, whereas prices or the Short SMA going below the Low PPO Threshold line indicates that the asset is oversold.
What lines can be plotted?
Low PPO Thresh - Calculated as -PPO Threshold * Short MA + Long MA : Gives the price below which the PPO hits your lower threshold
High PPO Thresh - Calculated as PPO Threshold * Short MA + Long MA : Gives the price above which the PPO hits your upper threshold
MA PPO : Plots candles with the Low PPO Thresh as the low, High PPO Thresh as the high, Short MA as the open, and Long MA as the close.
Short SMA : plots the short simple moving average
Long SMA : plots the long simple moving average
Customizable Values :
Short MA Length : the number of bars back used to calculate the short moving average for a PPO
Long MA Length : the number of bars back used to calculate the long moving average for a PPO
PPO Threshold : the percent difference from the moving average expressed as a decimal (0.5 = 50%)
Recommendations:
Longer timeframes like 300 days are best with larger PPO Thresholds, I recommend using a PPO Threshold of 0.5 or higher. For shorter timeframes like 14 days I recommend setting smaller PPO Thresholds, like 0.3 or lower. I find that these values typically capture the most extremes in price action.
[SKP] Opening Range Reversals with FIBO zonesopening range reversal zones with fibo .50, .618, .786, 1 levels
opening range time can set as you like, 15M, 30M etc
entry at .50 and .618 levels with stop loss .786 and 1 levels.
do backtest and practice..
idea from author colejustice
Random Walk ReversalUses the Random Walk script as a tool for predicting trend reversals instead of trend strength.
Anomaly Detection Indicator[Fournier-Eaton]Detect unusual activity with this script.
This algorithm should detect significant events RELATIVE to the benchmark of your choice. The default is benchmark is QQQ.
upcoming earnings should be visible
dividend announcements
news events relative to the stock
possible reversals
etc.
The granularity of the algorithm changes with selected time-frame.
This is an early version. Please suggest changes.
V0.1
FieryTrend IndicatorI created this indicator because it can be quite difficult sometimes to find the direction of the market, which supports and resistances are important, where to place targets, etc. This indicator is excellent for traders which trade on reversals and breakouts from resistances and supports.
The indicator tries to make it clear which areas are of importance and which are not. To find the market structure, all you have to do is to connect the dots by drawing a line between them.
By connecting the dots, it becomes clearer where important resistances and support areas are located. By making this information easier to digest you can place your entries, targets and stops easier and faster, becoming a better trader in the process. With connecting the dots, it might be the case that they won’t line up perfectly, which is fine. It’s all about the bigger picture.
The best time frames for this indicator are M15, H1 and H4. You can fiddle around with the Length input to get different results; I’ve found that the base input works the best for the aforementioned time frames.
For more examples, see below:
Fake-out ReversalsThis script combines two simple concepts, stop running and short term momentum, into a simple visual signal that can be applied to any market and any timeframe with some adjustment. It looks for price to violate a prior extreme within a certain lookback window, followed by price triggering a momentum filter that helps put the proverbial 'wind at your back' for the user. Users have the ability to customize three inputs; 1) Bars used to calculate price extremes 2)Bars since price violated that extreme 3)The sensitivity of the momentum filter.
You will find that these signals work best in choppy and rangebound price action, less so in trending/grinding markets. For entertainment/educational purposes only.
Enjoy!
Bjorgum TSI Arrows
This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Multiple script overlays can be used for "Multi-timeframe analysis" by altering the "resolution" feature.
eg: Viewer could enable 2 "Arrow" scripts while watching the daily timeframe, and setting one of them to indicate weekly conditions. This can help identify prevailing trend strength when using smaller timeframes.
MESA Adaptive Moving Average - MTF and Divergence analysisThe latest iteration of the MESA Adaptive Moving Average - rewritten to make use of Pinescript v4 Arrays.
Explanation of settings and example use cases:
Fast Limit: Lower values will reduce the reactivity of the MA to rapid price changes.
- For instance, if you want to ignore price spikes on a low timeframe, then reduce Fast Limit
Slow Limit: Lower values will reduce the reactivity of the MA to slow price changes.
- For instance, if you want the MA to ignore small retracements during a trend, then reduce Slow Limit
Show MESA for next higher timeframe: Display the MA of the next standard timeframe that TV offers.
- Displays 3min if the chart timeframe is 1min. Displays D if the chart timeframe is 4H. Does not work with custom timeframes.
Show MESA for custom higher timeframe: Display a secondary MESA plot with a custom timeframe, selectable via the Custom Timeframe drop-down. Overrides the previous setting, if enabled. This functionality is experimental since it provides a higher sample rate than would normally be available. Take precautions making entries using only Custom Timeframe MESA.
- For instance, you made a decision on the 4H chart using MESA and are now watching the 15min to time a trade entry. Enable and select "4H" from the drop-down menu
Show Divergence between MESA Timeframes: Since divergence can differ greatly between assets, we form a baseline by continuously tracking the difference between the chart MA and higher timeframe MA. We note the maximum divergence in each direction (bullish and bearish). A white circle is plotted when divergence is close to the historical maximum. When a record-breaking divergence occurs, a yellow circle is plotted. You can tweak these indications by adjusting the Divergence Threshold %
- Multi-timeframe divergence is typically a weak indication of trend exhaustion, especially if Volume is not present.
Show Divergence between Source & MESA: Again, divergence can differ greatly between assets. This time, we form a baseline by continuously tracking the difference between the chart MA and Source (usually Close). We note the maximum divergence in each direction (bullish and bearish). A purple triangle is plotted when divergence is close to the historical maximum. When a record-breaking divergence occurs, a lime-green triangle is plotted. You can tweak these indications by adjusting the Divergence Threshold %
- Price divergence is a strong indicator of over-extension. It works well for timing reversals on intraday timeframes.
Source: The input data to perform MESA calculations on.
I've really enjoyed trading with this indicator, especially when combined with my previous two tools:
Empirical Suite : factors Trend, Price momentum, Volume, and Volatility
Squeeze Zone : provides a visual representation of volatility squeezes and attempts to predict breakout directions
Use this indicator to get a sense of overall trend, from any chart timeframe, as well as indications of over-extensions and exhaustion.
Cuban's Price Action ChannelThe latest in the indicator series tailored to discretionary traders.
This script draws a channel by using the highs and lows of previous timeframes. The H1 and H4 fill is extremely useful for taking low timeframe front-side reversals in a ranging environment, while providing high timeframe levels to take profit at, and plan your next trade.
I believe this script provides a solid fundamental price action understanding and foundation to anyone's discretionary trading setup.
VPTbollfib & Camarilla (Danarilla)I do not own the original indicators. This is just a combination of the two because of their nature to work in a similar way.
Camarilla Pivots run on the basis of intraday range trading. Usually after daily open you look the fade whatever move happened before. by shorting R3/H3 levels or longing R3/L3. Targeting the other side of the range. This is the infamous PivotBoss level calculations and you would want to activate camarilla and turn off the normal pivots. They use the previous days volatility to plot the next days levels.
But what about some confirmation?
Well RafaelIzoni (who made it open source for improvement) threw together this VPTbollfib. It is volume price trend crossing down a fib line using bollinger bands as price envelope. The beauty of this is that It will signal usually counter to current price action based on selling into uptrends or vise versa. Meaning you get signals to counter price. Which is what you might be looking for on range day trade scalps for camarilla. A wick reversal or engulfing + volume based signal is a very happy pairing together. And those signals are usually suitable for the target of the range you are day trading. Hourly time frame works quite well for both. And camarilla should also be on daily settings.
Special Thanks to Nanda (who published the pivotboss indicator AND) Helped to merge the scripts together.
This indicator alone is an entire trade system. Camarilla already is. If you know the rules. it can be used for entries, exits, risk management to trade the range on TREND, COUNTER TREND, and BREAKOUT plays. The bollinger band fibs add confirmation to the trends levels. And the VPT adds a secondary confirmation to take a camarilla trade.
Try it out. I think you will find both the levels on camarilla and the VPT signals quite suprising.
Higher Highs & Lower Lows Stochastics - Vitali ApirineThis is my modified "Higher Highs & Lower Lows Stochastics" employing PSv4.0, originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips. Reading through a TASC magazine of mine, behold, I found a little known indicator that I can't find anywhere on all of Tradingview. That was a tragedy I felt I had to resolve... This indicator is best described as a dual momentum indicator, being helpful with anticipating reversals, spotting emerging trends, and defining correction periods. I felt it worthy of justice to unveil this for all TV members to utilize and also learn from. It's uniqueness is beyond past due for the honor it deserves on Tradingview.
As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette". For those of you who are newcomers to Pine Script, this code release may also help you comprehend the "Power of Pine" by employing advanced programming techniques while exhibiting code utilization in a most effective manner. This script's uniqueness displays that we can now override built-in Pine functions. Firstly, you may have noticed that I replaced ema(), sma(), highest(), and lowest(). If you weren't aware of this Pine capability, well, here is a prime example... Now you know! Just heed caution when doing so to ensure your replacement algorithms are 100% sound. Lastly, I also added an additional "Median" line where the companion stochastics seemingly appear to gravitate within a central zone.
NOTICE: You may have observed, there is highest(), lowest(), ema(), and sma() custom functions overwriting Pine built-ins, some of which are audaciously used in ternary. "IF" you are planning to use Pine Script v4.0 functions in ternary, be forewarned, they WILL NOT operate as expected in most scenarios. The reason why I legitimately used them here in ternary is because they are ONLY manually controlled by an input(). If these were dynamically controlled with bar-to-bar dynamic conditional logic, you would most certainly run into serious unexpected programming issues, potentially resulting in hours of frustrations and guaranteed loss of hair. That's my lesson for this release, so never ever forget this when utilizing the full potential of the "Power of Pine". For more information concerning these potential dilemmas, please consult "Execution of Pine functions and historical context inside function blocks" in the "Pine Script v4 User Manual".
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... You have the source!
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Magick SuperpositionExperimental histogram based on multi indicator signals.
Generates a score based on:
Trend
Volatility
Momentum
Price and volume changes
Candlestick patterns
and many more.
Can be used to detect top and bottoms, reversals, trend, best moments to enter a trade and more.
Invite-only.
Trial available.
Engulfing Candles DetectorHello traders
Credit to HPotter for that script
I took his script and added alerts to it. 2 lines lol
But anyway, useful to detect reversals by coloring bullish/bearish engulfing candles :)
Enjoy
David
Super Karate Monkey Death Reversal Detectoruna herramienta para detectar cambios en la tendencia unas barras antes de que ocurra
A simple tool to detect trend reversals a couple candles before
RSI+ with Bollinger BandsRelative Strenght Index + SMA on RSI + Bollinger Bands on it - very good solution to see reversals and see lows and highs.
Use different timeframe.
StdDev is 2.17 by default to get 97% probability.
RSI + SMA с наложенными Bollinger Bands - прекрасное решение для поиска разворотных точек и аномального поведения цены.
Используйте разные таймфреймы одновременно.
StdDev = 2.17 по умолчанию для обеспечения попадания в диапазон в 97% случаев.
Stream Influxes and ReversalsI have a really interesting script for you guys today. While walking home I had an interesting idea that I wanted to visualize, but had no clue how it would turn out. This script is the result and it seems to provide some larger information.
For anyone who doesn't know the definition of concavity here is a super quick calculus lesson: Concavity is a fancy word for the sign of the second derivative of something. This is the SLOPE OF A SLOPE; how fast is the rate of change changing? An example is position, if you are in a place and want to go to another place the first derivative how you move there is the velocity, if you are measuring the derivative of velocity that is called acceleration. If you are speeding up then you have positive concavity. If you are slowing down you have negative concavity. On a graph positive concavity looks like a cup, negative concavity looks like an upside down bowl. Infection is just a fancy word for when it is zero, which means - to + or + to - So...
If we look at the concavity of the edges it seems to provide us clues about how the price is moving and where it wants to reverse. I made boxes around points of inflection (pos --> neg or neg --> pos concavity)
The purple lines are just moving averages of the green dots. The green dots are where the edges are at each time step, just the average of all of them at once. If price is wiggling a lot then it creates lots of edges, the green dots get plotted close to the price line, which moves up the purple lines.
The red line is a highlight of the last line, helps guide the eye.
The other smooth red lines are a shout out to bollinger bands, set the band width smaller to find break outs or squeezes.
There really isn't a defined strategy for how to use this, but with all the messages I am getting about these scripts everyone is always surprising me with what they see. So I hope some of you can make some good calls with this!
Theres lots of calculations here and it takes a long time to load, if it won't load, just toggle something back and forth till it does.
Happy trading everyone! I hope these scripts give some of you financial freedom. If you're making really good profits then share some of it with those who are less fortunate. Cheers
double bollinger bandssimple, yet effective tool to catch reversals for short-term binary options trading.
B3 Donchian CloudsThis is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as you can see the that last turtle trade long in YM1! was and is off the charts awesome. I will look for the fall out of the cloud to short the market.
B3 ECOBlau's Ergodic Candlestick Oscillator = a decent trend finder, however slightly lagged. It can help you to see a reversal entry if you are looking for one. I find the one line ECO hard to use, so I have created this histogram version with a signal line. The colors help to show you whats going on with the ECO and its bias. This indicator shows up in a couple books by people other than Blau, and namely by Krausz. You can also see divergences, for example in pic above the lower or second of the two green humps showing that the general uptrend might be weakened as this run contained less momentum. Tighten up the signal line to see a faster change in its color. These settings are the B3 input settings for default, meaning the ones I use in trading. They are not however the default values you might read about other places.
Volatility Radar [upslidedown]💎 Overview
Volatility Radar visualizes extreme volatility conditions in a clean, intuitive oscillator format.
Unlike traditional momentum oscillators, it transforms average true range (ATR) behavior into a directional volatility structure, making it easier to spot moments when markets may be shifting into expansion, compression, or potential pivot zones.
💎 How to Use
The oscillator highlights moments when the internal volatility condition becomes active as well as when that condition breaks. These events may coincide with structural turning points, breakout conditions, or volatility expansions. While not a prediction tool, Volatility Radar helps traders identify moments worth paying closer attention to.
💎 Signal Markers
■ Square icons on top/bottom identify when the Volatility Radar condition is ACTIVE
▲▼ Triangle icons on top/bottom identify when the Volatility Radar condition BREAKS
📌 Chart Example:
💎 Oscillator Trends
One of the core features of Volatility Radar is its ability to highlight positive or negative volatility trends. The oscillator automatically colors its components to reflect uptrending vs. downtrending volatility structure, making trend context easier to interpret at a glance.
📌 Chart Example:
💎 Histogram Trends
For users who prefer a more compact or traditional visual style, Volatility Radar includes an optional histogram display mode. This mode provides a clean representation of the detected trend and can be helpful for validating price-action concepts within the broader volatility context.
📌 Chart Example:
💎 Volatility Moving Average
The yellow moving average line offers a volatility moving average that can aid in determining longer term trend strength.
Interpret the trend direction by observing whether the average is increasing/decreasing or above/below the zero line.
Reversals may be observed when values move into oversold territories.
Trend continuation may occur during periods when the average is near the zero line.
Evaluate opportunities when the moving average is "touched" or "pinged" by the radar line (setting available to highlight these crosses).
📌 Chart Example:
💎 Backtesting Support
Volatility Radar outputs external signals designed for use with automated backtesting on TradingView. It integrates with @jason5480’s open-source Template Trailing Strategy and its supporting signal libraries.
Market Reversal Time HighlightsThis indicator marks the times when the market has an inflection or reversal.
This script is customizable and free to use
