Note: This is a script that synthesizes a number of popular price action and candlestick patterns along with a trading strategy based on horizontal support and resistance. Scripts are used for learning and research purposes. Useage: Support and resistance are two important areas in Price Action analysis and trading. After confirming the support and resistance...
This is a simple and fun indicator I built out of boredom one night. It's great for a quick laugh, but other than that, it's useless. It simply displays emotes for various thresholds of change in price between the open and close of a candle. For example, unicorn candles are any candles that gain 25% or more from opening price to closing price.
Lyiness_Double_Trend/Strategie The idea is to identify a big move in the 4H chart, which you convert into smaller trades to pull the stop into the profit zone as quickly as possible. orange zigzag 4H white zigzag-1H Look for a visible trend reversal in the red and green zones at the upper and lower edges. For example, in the settings you can change the time of...
A simple BUY/SELL algorithm based on Moving Averages (EMA), MACD, RSI, Stochastic, ADX, ATR, CCI, OBV, Pivot Points, and Parabolic Sar, and Volume averaged. Simple algo that uses multiples indicator strengths and weight them to generate buy and sell signals Indicator strengths are displayed on each candle (green is bullish and red is bearish) Green Buy...
Smoothed, Simplified, and Color-coded OBV to easily understand the price direction. Primarily uses Price Action, Moving Averages(EMA), and Volume Green Zone is Uptrend Red Zone is the Downtrend. Confirm the direction with other indicators Check multiple timeframes.
Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action. Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones,...
Candlesticked RSI v2 for price action traders! See the True Momentum. 6 chart type, smooth RSI , add signal lines, find divergences, special alerts This is 2nd version with major upgrade Improved and more powerful fully customizable. features: See RSI in 6 type of chart(Candles, Hollow Candles, Siwi Candles, Heikin Ashi, HL Bar, Line) Monitor Up...
1= Inside Candle 2= Goes past the previous candle's price up or down 3= Goes past the previous candle's price on both sides Ability to change the timeframe and the symbols this indicator is scanning through in the input tab under settings of this indicator. Maximum symbols 40. By default some symbols are entered in the indicator already. They cannot be left...
Level: 1 Background The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the...
Exchange weighted price for cryptocurrencies DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD See non-manipulated , globally price action that comes from whole liquidity! The main idea behind this script is that... The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences...
This study is based on several Price Action parameters of :- • Candle Pattern, • Supply Demands, • Support and Resistance , • Breakouts. ► How To Use This Study ? • Suitable Trade Session for this study 10:15 AM to 02:30 PM ( UTC +05:30) • Buy Whenever a Up Arrow Appears on Chart with text "TYPE: LE". • Sell Whenever a Down Arrow Appears on Chart with text "TYPE:...
This is a simple end of the day indicator based on open and close values. Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days. Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using...
This is a simple end of the day indicator based on open and close values. Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days. Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using...
This script is for intraday purpose and mainly for index traders. It works well on 3/5 min time frame. Script provides VIP( very important pivot) level and one support and resistance. It's ideal for price action traders trading breakouts and mean reversion. It is built on true range. It can be customized as per the traders requirement. True range is on daily time...
This indicator displays the High/Low/Close of the previous day/week/month as horizontal lines. Of course, everything is configurable but to keep it simple and non-intrusive it only displays: month's H/L/C levels on D time frame (drawn as circles) week's levels on 4h (as crosses) day's levels on 1h (as line) These levels act as support / resistance...
This script uses floor pivots and a VIP level which is very important level from Price action point of view. These levels act as strong support and resistance levels. I Mainly use this for Banknifty:NSE but these can be used across any instrument which is can be traded. This script will be upgraded further with more price action concepts.
This indicator determines the strength of the price movement by taking into consideration Relative Strength, Exponential Moving Average & Moving Average with customized settings Time Frame:- Can be used on any time frame BUY:- A buy call is generated when the Moving Average line cross below the RSI & EMA line SELL:- A sell call is generated when the Moving...
Here I'm proposing possibly the simplest and most relevant pivot style for intraday traders like me. It utilizes fundamentals of the average range and devises S/R around that. Pivot point in this is today's open (colored lime), which is far more relevant than yesterday's/past data based pivots. This is an attempt to reduce the influence of historical data as...