This script is the perfect strategy for the all mighty shark-32 pattern. It shows the power tussle between demand and supply before either of them finally gives up.
We are not supposed to make trading decisions based on active bars (bars that have not closed), right? Well sometimes my trigger finger gets a little twitchy when I'm awaiting an entry and an active candle starts to pull away or I'm in a trade and an active candle pushes against me. Therefore, I made a VERY simple indicator that ghosts the active bar. You can see...
Indicator that draws EMA candles as overlay. Uses the EMA values for Open, Close, High, and Low each individually to draw each EMA candle. Set at 30 bar EMA by default.
This script prints out the average of the computed candles NASDAQ:AAPL OANDA:USDCAD
█ OVERVIEW This indicator plots on-chart volume delta information using candles that can replace your normal candles, tops and bottoms appended to normal candles, optional MAs of those tops and bottoms levels, a divergence channel and a chart background. The indicator calculates volume delta using intrabar analysis, meaning that it uses the lower timeframe...
Using this indicator allows you to indentify large GAPS directly in your stock chart at first glance. It uses two different sorts for large GAPS (e.g. larger than 3%) and for very large GAPS (e.g. larger than 6%). These values can be changed in the indicator settings. Hope this helps many of you to be more efficient in your chart analysis - have fun!
The introduction of candlestick methods for market price data visualization might be one of the most important events in the history of technical analysis, as it totally changed the way to see a trading chart. Candlestick charts are extremely efficient, as they allow the trader to visualize the opening, high, low and closing price (OHLC) each at the same time,...
A problem with Heikin Ashi is that while it gives you a great overview of overall direction, it is rarely possible to use it as a replacement for normal japanese candlesticks. The reason for this is that actual price data is lost, since the candles are more akin to a moving average than a different way to see price action. Also, with Heikin Ashi, most of the...
This script is straight forward. Just practicing using the security function cause I'm terrified of it. Thanks, Daveatt for the infopanel function with the color switcher
The Ichimoku Cloud is a hybrid indicator combining numerous technical indicators that show support and resistance levels, as well as indicating momentum and trend direction. Ichimoku does so by taking multiple, pre-set price moving averages and plotting them on the chart in line form. It also uses these inputs to create a "cloud" which intends to forecast where...
This is a trend indicator utilizing a 9-period exponential moving average, known as the Trigger Line. When price is above the Trigger Line both the candles and Trigger Line are colored green, indicating an uptrend for price. Price will tend to find support at the Trigger Line when trending above the Trigger Line. When price is below the Trigger Line both the...
Using a complex combination of bullish/bearish candle structure (such as engulfings and breakouts) and moving averages, this indicator attempts to illustrate weakness and strength within a trending market. Included are labels that highlight important breaks of micro structure levels. The beauty of this script lies in the discretionary trading of 'mid-candle'...
Using a complex combination of bullish/bearish candle structure (such as engulfings and breakouts) and moving averages, this indicator attempts to illustrate weakness and strength within a trending market. Included are labels that highlight important breaks of micro structure levels. The beauty of this script lies in the discretionary trading of 'mid-candle'...
This is a Ultimate Tool for Trading. This tool includes 1. MA = In that you will find EMA & SMA 2. MA Length = It's Length of MA 3. Explosive Leg-out Strength = It's Explosive Candles Strength 4. RBR Pattern = Up to 6 Bases and you can minimize Base Qty. 5. DBD Pattern, DBR Pattern & RBD Pattern as we mentioned above 6. Curve Time Frame = Choose this thing so,...
Simple price-action levels in regards to the OHL and M levels. Levels available: Open (Orange) High (Green) Low (Red) Middle [ /2] (Aqua) Timeframes available: 1H, 4H, Daily, Weekly, Monthly, Quarterly, Yearly Enjoy! - Inspired by Long Term Levels (4h, D, W, M, Q, & Y) by scarf
Candle cumulative counting with moving average and bollinger bands .