This script can spot the candle to exit a trade
it works only on 1d timeframe
Do not trade the signal, just use it to exit the trade in profit (it's not a reversal signal)
NO REPAINT - it' based on current candle close
You can try it for a limited period, ask for access in comments
everything spelled out except the hammer and inverted hammer . They are "H" and "IH" respectively on the charts. They show up so often that they cluttered the charts.
The default script has: Doji , Evening Star , Morning Star , Shooting Star , Hammer , Inverted Hammer , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing , Piercing Line,...
Script contains reversal candle patterns 3 Outside Up and 3 Outside Down. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
Sript contains sometimes appearing reversal candle patterns 3 Inside Up and 3 Inside Down. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
Second script form my Reversal Patterns Collection contains special cases of Hammer and Handing Man named Doji Dragon. Script distinguishes bullish and bearish Doji Dragons. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
This will provide you with better bar colors to help you determine the trend of the market.
Teal = Bullish
Red = Bearish
Yellow = Undecided
In the chart settings you have two moving averages, this is used when outputting the bar colors.
The way it works is simple. It checks to see if the current price is above both of the moving averages defined in the...
OTHER WAY TO WATCH THE CANDLES
With this awesome indicator you can watch the candles in diferent forms.
Presentation of candles:
1=EVOLUTION ... it paints from the extrem (high/low) of last candle (depending to bullish or bearish)
2=OSCILLATOR... display the candles like an oscillator indicator
Do you want water to...
Spirit candles are my kinda approach for smoothing the regular candles and I use them always. I coded them in Meta Trader years ago and was a nightmare. Thanks to Tradingview's tools it was a very easy task to be honest. How to use them can not be explained here. But one way is basicly look the tails and wicks. They give an idea if market is trending if uniformly...
Should I FOMO?? (number of revisited candles in a timeframe)
I fomo way too much so i have created this little indicator to show me how many times (PERCENT) a candle is revisited in a period P
with the idea that i should not panic and maybe just wait patiently for a better price.