Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays...
Highlights orderblocks based on fractal market structure.
Whenever a new fractal high/low is created, it will search for the Orderblock and plot lines and labels
1. Select 3/5 bar fractal
2. Plot lines and labels on OB's
- Ability to filter OB only when a candle is fully engulfed
3. Change bar color of engulfed candles
4. Option to filter OB that...
This indicator is a spin-off of the popular TMA Overlay indicator made by request of the original author that narrows down the scope to simply identifying a couple of key candlestick patterns - Engulfing candles and 3 Line Strikes.
In addition to being a far more tailored and purpose-specific indicator, we have also update the indicator code to the latest version...
The candle strength indicator depicts the average strength of the price action by evaluating bullish vs bearish candles.
The scale is relative to price fluctuation and the size of the candles for the particular ticker / market, so there are no significant levels.
A cross on the zero line would generally indicate a change in trend / sentiment.
This script uses basic Rally Base Rally, Rally Base Drop, Drop Base Drop, and Drop Base Rally concepts to draw supply and demand zones. While the script is designed to account for multiple (up to 5) candles in the "base" phase, the box it will draw will only be the high and low of the last candle before the final Rally/Drop candle.
This indicator highlights imbalanced PVSRA candles that have not been recovered.
200% Volume = Green
150% Volume = Blue
200% Volume = Red
150% Volume = Fuchsia
Imbalanced Zones with normal/below 150% Average 10ema volume can be displayed or hidden from view (Hidden by default)
This scripts are based on breakout and fibonacci retracement
To trade using this Signal, you need to
1. Wait for buy/sell signal
2. When a signal ready follow these steps.
Eg. STEPS TO BUY
1. When a signal appear on candle, pull fibonacci retracement from swing high of SIGNAL CANDLE, to swing low of pervious 2 candle.
2. Then place a pending order at level,...
This indicator is designed to be used with Market Profile / Volume Profile trading techniques on a 30min chart.
The halfback of a candle is the mid point between the high and the low of the candle. A halfback trade can be taken once price retraces into this point as support/resistance using the prevailing trend as your trade direction.
One-Time-Framing is a...
The Whisker Reversal Oscillator can be used to spot strength or weakness in trends. It is designed for stocks, commodities and forex trading, and is intended to be calculated from the high, close, low, and open over a given length.
The Whisker Reversal Oscillator shows the average length of the top and bottom whiskers on candlesticks over a defined...
Order Blocks based on pivot reversal candle
When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle
You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes
How To Use:-
Pivot points often provide Support and...
The Alertion indicator!
pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price.
It is helpful for price action traders and those who want to decrease their risk.
There are 3 IP patterns:
Head and shoulder
These patterns may occur near the zone or...
This script is based on the Secret of Pivot Boss book by Frank Ochoa. Suitable for Intraday Trading.
You can view the Daily timeframe CPR / support/resistance.
You can view the Weekly timeframe CPR / support/resistance.
You can view the Monthly timeframe CPR / support/resistance.
You can also view Previous Day High/Low.
You can also view Previous Week...
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below...
Indicator that shows buy/sell signals based on price action and volume as it relates to a double EMA. If the candle is above the double EMA, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the double EMA , we look for candles with a long bottom wick indicating buying pressure. The user defined parameters are the...
Shows a triangle above candles that satisfy a desired body size (%).
The default body size is 85%.
Lowering or increasing the precentage significantly affects to precision.
I do not recommend lowering the default value.
A simple script for analyzing two types of reversal candles. HHLC and LLHC reversal candles.
If a candle has a higher high and a lower close than the previous candle, it is marked with a red HHLC downward pointing arrow.
If a candle has a lower low and a higher close than the previous candle, it is marked with a green LLHC upward pointing...