Mulai

Candle Engulfing

Pivot Point CandlesIndicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts. Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your eyes to the patterns. You also have an option to select "Super" versions of the Engulfing and the Harami patterns, the Supers only shows if the pattern engulfs the body and the wick of the smaller candle in the pattern. The indicator will show Bullish opportunities and Bearish opportunities on the chart for each of the patterns. The inverted hammer will show at the top indicating a Bear move, and the Hammer will show below price indicating a Bullish move. Use this indicator in conjunction with other Support & Resistance such as the simple moving averages, trend lines, flat lines, or even Bollinger bands. When these patterns show at or around these points on the chart they will indicate a reversal is pending. Wait for the next candle as confirmation that the move will actually take place in the direction indicated and you will have your pivot point on the chart and create a higher probability of success. Leverage Stochastic, RSI, or CCI indicators to help confirm the reversal as well. Look out for resistance above or support below to determine your targets for the reversal. Happy trading!
Indikator Pine Script™
oleh karimka
2
MJ Important Candlestick Patterns + Smart TrendThis script detects 6 important candlestick patterns defined by the author and puts chart labels on your chart for your attention. It also includes a smart trend checking algorithm to detect trends. The six candlestick patterns covered are: Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Cover Bullish Harami Bearish Harami *** Smart feature of this indicator is that it can detect uptrends or downtrends before alerting you regarding the bullish or bearish reversal candlestick pattern. This is achieved by comparing the typical price (high+low+close divided by 3) of today's candle versus three days ago.
Indikator Pine Script™
oleh TheInvestingCloud
1
CSPDMost Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer | Shooting star Inverted Hammer | Hanging Long legged Doji | Dragonfly Doji | Gravestone Doji Bullish tweezers | Bearish tweezers Bullish inside bar | Bearish inside bar Bullish three line strike | Bearish three line strike Bullish engulfing | Bearish engulfing Piercing line | Dark cloud cover Bullish abandoned baby | Bearish abandoned baby Morning star | Evening star Three white soldiers | Three black crows *Bullish kayo | *Bearish kayo Features: Prior and Following candles Confirmation    You can set prior and following candle as basic prerequisites for marking candles as pattern to make sure you are at the top or bottom of the trend. Volume confirmation    You can active volume increasing confirmation for some of pattern with adjustable increase % relative to prior candle | candles. Oscillator Confirmation    Active oscillator confirmation. Select your approved oscillator from list (Stochastic, RSI, StochRSI, MFI, StochMFI) then enter desired value for marking candles as bullish | bearish pattern. Bollinger Bands Confirmation    Active BB confirmation. Configure your Bollinger Bands. Now only see the patterns which reached or crossed from Bands. Also you can enable BB clod to have your BB indicator at the same time. Adjustable Flexibility and Precision    You can set tolerance% for Osc and BB Confirmation - each one separately - for more control. Self-adaptability    The properties of markets change over time, for example the amplitude of fluctuations and the intensity of movements. The script is designed in such a way that you can examine the price history as a benchmark for changes in market properties to adopt determinants. Also you can control those manually. Self-regulatory    The user has the ability to change input factors depending on their point of view. Behind the pattern recognition algorithms, there are relationships and similarities in their appearance that cause them to be influenced by each other. Simultaneously with changing the determining factors of each pattern by you, script automatically adjusts other details in accordance with your changes. Alerts    You can set for type of pattern or each one of pattern have been detected. Fully Costumizable    All of these options can be change and adjust. Note 1.    The patterns are based on extensive study of reference and famous sources and the experience of me and my friends in trading and analysis with price action methods. Note 2.    Due to the Pine limitations in the number of outputs | plots for each script, our attempt has been made to select the best and most important patterns. Note 3.    So far, many scripts have been written in this field, but our experience with all of them and even the build in version was not satisfactory, and this was the initial motivation for making the script. We strive to improve progress and elimination of shortcomings and we will continue to make this better. Note 4.    Through personal experience and based on the principles of market and candlestick psychology, we discovered a new type of pattern and named it as Kayo. kayo is a two candle pattern which formed when:     1.We have a pivot point with prior candles as left bars and following candles as right bar. Pivot candle called as second candle.     2.In a bullish kayo, first candle must closed descending and second candle must closed as ascending. For bearish kayo vise versa.     3.In a bullish kayo, second candle's lower wick must be longer then upper wick.     4. A pattern marked as kayo when its conditions do not correspond to any of the other patterns(include the confirmation that user added), ie it has the last naming priority over the other patterns. Note 5.    When you active confirmation options for patterns like hammer, engulf and etc which they conditions are like kayo in some extent, if they can't pass the confirmation steps, they can be marked as kayo pattern. Note 6.    If you active volume confirmation for Three white soldiers | Three black crows, the confirmation get passed if the volume of forth or third candle increased as value as entered relative to volume EMA3 of 3 candles. Note 7.    In a bullish pattern all highs of following candles MUST be higher than prior highs and all lows of following candles MUST be higher than prior lows. For bearish patterns vise versa. This type of confirmation depends on High and Low NOT close! Gift to price action lovers! Support us with your like and comments. let us know your experience, points and idea to make this better together.
Indikator Pine Script™
oleh Algorca
38
Bullish and Bearish by NicolErazoFThis indicator changes the color of the candlesticks when there’s a change in the trend to the rising or falling trend. BEARISH ENGULFING: Yellow candlestick. It is an engulfing falling trend reversal; you must make a sell decision. BEARISH HARAMI: White candlestick. Indicates a possible falling trend change, you must be alert for a possible sale. BULLISH ENGULFING: Black candlestick. It is a change in the engulfing rising trend, you must make a purchase decision. BULLISH HARAMI: Blue candlestick. Indicates a possible rising trend change, you should be alert for a possible purchase. On the chart, you can see the 4 candles, on September 11 the black candle appears indicating a change in the uptrend. But today, the white candle is seen, which appears on September 8, indicating a rebound with a possible change in trend to bearish. Previous days, on August 26, you see the blue candle with a possible change in the upward trend, which then, on August 28, a yellow candle appears with a change in the downward trend. The Engulfing indicator (yellow and black) says that the candle has an engulfing change that is radical. On the other hand, the Harami (blue and white) indicates a possible change in trend that must be previously analyzed. Harami candles are smaller than Engulfing candles, since Harami in a Japanese term that means pregnancy, where the previous candle is the woman and the next candle is the baby. ___________________________________________________________________________ ESPAÑOL Este indicador cambia las velas de color cuando ocurre un cambio de tendencia ALCISTA o BAJISTA BEARISH ENGULFING: Vela de color amarillo. Es una cambio de tendencia bajista envolvente, debes tomar una decisión de venta. BEARISH HARAMI: Vela de color blanco. Indica un posible cambio de tendencia bajista, debes estar alerta para una posible venta. BULLISH ENGULFING: Vela de color negro. Es un cambio de tendencia alcista envolvente, debes tomar una decisión de compra. BULLISH HARAMI: Vela de color azul. Indica un posible cambio de tendencia alcista, debes estar alerta para una posible compra. En el gráfico, se pueden ver las 4 velas, el 11 de Septiembre aparece la vela negra que indica un cambio de tendencia alcista. Pero hoy, se ve la vela blanca, que aparece el 8 de septiembre, indicando un rebote con un posible cambio de tendencia a bajista. Días anteriores, el 26 de Agosto, se ve la vela azul con un posible cambio de tendencia alcista, que luego, el 28 de agosto aparece una vela amarilla con cambio de tendencia bajista. El indicador Engulfing (amarillo y negro) dice que la vela tiene un cambio envolvente que es radical. En cambio, el Harami (azul y blanco) indica un posible cambio de tendencia que debe ser previamente analizado. Las velas Harami son más pequeñas que las Engulfing , ya que Harami en un término japonés que significa embarazo, en donde la vela anterior es la mujer y la vela siguiente es el bebé.
Indikator Pine Script™
oleh nicolerazof
3
Candlestick Patterns by Dipak V2I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming versions. This script is for only learning purpose and not for treading realtime. In this script, it only identifies the pattern and does not check for its confirmation or does not provide any stop-loss, Also it does not check the prior trend before the pattern. These things really matter in the live trade. But in future, I am planning to add these things. If you like my work, please like or comment your ideas I will try to include those in upcoming versions. Hanging Man: Hanging man is a bearish reversal candlestick pattern that signals about the uptrend or advancing phase are over and bulls have lost their control. Color of the candle is not important. Identity: 1) Comes after a significant up rally or uptrend or advancing phase. 2) Small real body at the top. 3) Long lower shadow at least twice the real body. 4) Very small or no upper shadow. Confirmation: Immediate next candle’s close should be below the hanging man’s real body. StopLoss: There is a potential resistance level above the top of the hanging man. Stoploss should be above the resistance area or at the high of the hanging man. Hammer: Hammer is a bullish reversal candlestick pattern that signals about the downtrend or declining phase are over and bears have lost their control. Color of the candle is not important. Identity: 1) Comes after significant down rally or downtrend or declining phase. 2) Small real body at the top. 3) Long lower shadow at least twice the real body. 4) Very small or no upper shadow. Confirmation: Immediate next candle’s close should be above the hammer’s low. StopLoss: There is a potential support level below the low of the hammer. Stoploss should be below the support area or at the low of the hammer. Note: The candle is the same for Hanging Man and Hammer , Difference is where they appear in the uptrend or in the downtrend that makes the real difference.
Indikator Pine Script™
oleh Dipak_Patil_
18
Trend following 3 EMA & Bullish Engulfing indicator for ForexHello world, I now took the time and puzzled through my own indicator. The idea: Main "strategy" uses 3 EMAs (8, 13 and 21) to attain trend-relevant information. Then we look for bullish & bearing engulfing candles which indicate and pullback into trend direction and a gain in momentum. Trading purpose: One could now enter with next open. SL at low/high of engulfing candle. TP at e.g. 1.25 of that candles size. Security: There are two security functions build in. We check for higher timeframe confirmation. This is done by checking if current trend is in accordance with the EMA of the next higher timframe. Standard-deviation is 3 on default. Can be changed in the inputs. Alerts: Until now there is just one alertcondition programmed. It alerts for every engulfing candle (bullish and bearish). More will follow in further versions. Inputs: I build in multiple inputs. - switch on/off the security EMA's - define security trend backcheck - define the higher timeframe (15min/1h, 1h/240, 4h/D, D/W) Happy to take feedback or contr. All the best, c4ss10p314
Indikator Pine Script™
oleh c4ss10p314
2
Engulfing Look-back AlertThis script is an extension of the classical engulf pattern with added rules and user defined features. Engulfing Candle Definition: - Bullish Engulfing: Trade BELOW the prior candle's LOW and CLOSE ABOVE the prior candle's HIGH. Previous candle can be an up (bullish) or a down (bearish) candle - Bearish Engulfing: Trade ABOVE the prior candle’s HIGH and CLOSE BELOW the prior candle’s LOW. Previous candle can be an up (bullish) or a down (bearish) candle Features: - Set the look-back period for engulfing candle high and low -> default = 1; e.g. Did the bullish eng candle trade below the lows of the last 3 candles and trade above the highs of the last 4 candles? Set the input values accordingly - Choose time frame(s) engulfing candle is to be displayed on -> default = M/W/D/4H/1H/15M - Ability to enable Alerts (includes time frame alert was triggered on): IMPORTANT - when setting alerts ensure to choose "ONCE PER BAR"; otherwise alerts will NOT trigger as intended prntscr.com
Indikator Pine Script™
oleh cryptovesta
11
Bull/Bear Engulf High Low LookupAllows to specify the high and low look-back period for both Bullish and Bearish engulfing candles. In essence, it is an extension of the classical engulf pattern. By default lookback period is set to 3. Can be used on any time-frame and any instrument. Previous candle is irrelevent. An engulfing candle is defined as follows: Bullish: Must trade BELOW prior candle LOW and close ABOVE prior candle HIGH Bullish: Must trade ABOVE prior candle HIGH and close BELOW prior candle LOW
Indikator Pine Script™
oleh cryptovesta
2
BEST Ultimate Engulfing ScreenerHello traders Continuing deeper and stronger with the screeners serie. I keep getting requests private messages and requests saying that screeners aren't possible with TradingView. My answer is always... "Reallyyy ??" (I never find a better answer than that...) I'll publish a few screeners just for everyone to understand what can be done with Pinescript. We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^ I - What is an engulfing pattern Let's start with a screener to check for a very famous candlestick pattern called engulfing Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend Source and more info here These engulfing candles indicate a strong shift in direction, and when combined with observation of the price-trending direction that precedes it, this shift creates the opportunity for a trading strategy. II - How did I set the screener I added an optional filter being Price vs SMA. The idea is to select only the engulfing whenever the price also breaks an SMA - this usually translates a stronger move - but could sometimes give the signal too late (#meh #trading #ain't #easy) The visual signals are as follow: - square: whenever the engine detects an engulfing and an SMA breakout - triangle: the engine only detects an engulfing - dash: none of the above Then the colors are: - orange when bullish - yellow when bearish - aqua/dash when none of the above Cool Hacks "But sir... what can we do with only 5 instruments for a screener?" I agree not much but... even if I allow only 5 instruments per indicator - nothing prevents you from adding multiple times the same indicator and changing the selected instruments for each. I also show why the SPX500 gave a yellow triangle (bearish engulfing) and how to match it with the screener. => imgur.com Wishing you all the BEST trading Dave
Indikator Pine Script™
oleh Daveatt
8
Bull Bear 180 by Oliver VelezThis script detects an event created by Oliver Velez is called Bull / Bear 180, in the following images the event is detailed: - The size of the control bar can be set compared to a number of previous bars - The minimum % of the control bar body can be set - You can filter by trend - Possibility of seeing fast and slow media with direction detection and color change - Various graphic settings - Event alerts To enjoy! A thumbs up if you like me!
Indikator Pine Script™
oleh Dreadblitz
13
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend. Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas. Fade (Extreme) Reversal The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark and put their money to work-price has been over-extended and must be pushed back toward a fair area of value so two-sided trade can take place. This setup works because many normal investors, or casual traders, head for the exits once their trade begins to move sharply against them. When this happens, price becomes extremely overbought or oversold, creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and Vice versa. Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward fair value. Engulfing (Outside) Reversal The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value. As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the beginning of a bullish advance. If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35. Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low, and close prices of the bars in question to create a single composite candlestick . Doji Reversal The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling pressure essentially pushes price lower, as responsive sellers take control of the market and push price back toward fair value.
Indikator Pine Script™
oleh ParCorn
7
TCG Price Shear PlusThe Chart Guys Price Shear and Abnormal Volume Alerts all rolled into 1 FREE indicator Based on TCG Price Shear V2 by urisma and Volume Spikes by OstapChester This powerful script combines Abnormal Volume Alerts with Price Shear which can be based on either ATR or % deviation from an ema, which intern can also be filtered by Abnormal Volume for less false signals. Look out for my next indicator which will be called TCG Price Shear Plus Scanner which will scan and alert you for several different assets at once! Enjoy
Indikator Pine Script™
oleh Lij_MC
12