This simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This...
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For...
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types.
This is my "Pine Color Magic and Chart Theme Simulator" display using Pine Script version 4.0. The purpose of this colorcator is to show colors that are most suitable in my opinion for developing Pine scripts not using Pine's built-in colors. I would not qualify Pine built-in colors as visually appealing as they currently exist. Hopefully that will improve after...
You can use this script to backtest Heikin-Ashi bar color change strategy.
You have to apply this script to usual candles and not Heikin-Ashi!!!
Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired.
Also you can find in the code calculations of all HA OHLC values.
This is a tool. Do with it what you like :)
The ghost candle works by drawing a bigger time frame candles in ghost mode over a chart. The time frame is default of 4h, can be changed in the "format" pop-up.
What we see in a time frame as the "wick", is really a set of candles when looked at lower resolutions/timeframes, that info is crunched into the OHLC...
This is a full-fledged implementation of a system presented in an unique research paper 'Profitability of Candlestick Charting Patterns in the Stock Exchange of Thailand' (2017) on candlestick charting, candlestick patterns, trend identification methods, and testing.
You can easily find this paper in the Web. For example, visit:...
Another tool for the cooltoyz series :)
tired of having to look at multiple time frames for a ticker, and having to mentally mix them to try to guess/visualize trends, or support/resistance levels? so was i, and with this tool i let the chart do the heavy lifting :)
with this, upper time frames are visualized as shadows imposed on the chart itself. there are...
This indicator improves upon the normal OBV indicator by including Moving Averages of OBV. Additionally clouds have been created between the MAs if desired as well as a selection of MAs and the choice of MA lengths for personal preference. Lastly it can also plot the lowest and highest values of OBV for x bars back so one can clearly see the movement of volume...
A deterministic approach to identify Heikin-Ashi chart type.
The script checks the next statements about HA:
HA chart does not have any gaps in a classic sense
Every new HA open price is calculated using a specific recurrence formula. This fact also means that initial HA open price is used to calculate all the next and so on (a construction of Infinite...
With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars.
How it works:
Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low.
Intermediate Degree (two bar) (baby blue)= If the current high is higher...
*** April 20, 2015 - NEW UPDATE ***
Added classic color scheme and additional lines. Updated source: pastebin.com
April 10, 2015 - Updated version of Value Chart - candles draw correctly now.
Requires cover layer to be set as same color as your background. (white in default)
I hope you will enjoy it. :)
When i was in Japan with some traders colleagues we talked about traditional charting tools from this country and how they changed the way we look at our charts today. Then suddenly one of the japanese traders i have met earlier said "Why not making another charting tool ? Smoother than Heikin-Ashi and including all the information a trader may need but easier to...
This is for displaying a price line showing the spread difference of brokers such as 1broker.com or trading212.com where price is different than actual price. It may also be used as an ask line or to provide an additional alternate chart.
- JPY pip correction
- Price Line
- Kagi, Does not work on Forex pairs!
- Western Bar