A "Gap down Reversal" is when the current days candle, opens, below the prior days close, and "finishes up" on the day with the close greater than the open. This type of price action can provide traders with favorable entry points to trade long, as anyone who was short the prior day, can get squeezed or panic out of the trade as they would see profits erode...
This strategy looks for potential trend reversals by looking at hammer candles (defined in the is_hammer and is_stick functions). After getting confirmation a trade is open with determined SL/TP. ATR is used to justify the volatility. Fine-tune the parameters for your specific use case.
I made this in starbucks . Bullish hammer trading signal algorithm using MACD for trend determination and holding period.
Hello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition...
While working thru another project had the need to troubleshoot the canceling of a limit order syntax/process as well as work thru the code and logic to automagically set the position sizing based off two user inputs (Amount to Risk in USD and Leverage to Use) and the potential entry and stop levels for an inside bar candle pattern in this scenario. Once we find...
The original indicator is Noro's BottomSensivity v0.6 I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy. I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market. I have tried to insert an alarm so that I can be notified when this...
Heiken Ashi candles help us to identify a trend. This strategy simply enters a long when the Heiken Ashi candles turn green and a short when they turn red. Because of the way BTC price moves in medium term trends, this simple strategy seems effective. There is a rate of change function applied to avoid some of the choppy sideways action (thanks again to...
The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example, so that the positions are not transferred to the next day). The author is grateful to...
This strategy lets you plot Renko open and close values, based on your preferred Renko size brick, on normal candle chart. You can use it on any timeframe, define your preferred brick size and trailing stop.
This is a three candlestick bullish reversal pattern consisting of a bullish engulfing pattern formed by the first two candlesticks then followed by an up candlestick with a higher close than the prior candlestick. WARNING: - For purpose educate only - This script to change bars colors.
This is a three candlestick bearish reversal pattern consisting of a bearish engulfing pattern formed by the first two candlesticks then followed by a down candlestick with a lower close than the prior candlestick. WARNING: - For purpose educate only - This script to change bars colors.
This is a three candlestick bullish reversal pattern consisting of a bullish harami pattern formed by the first 2 candlesticks then followed by up candlestick with a higher close than the prior candlestick. WARNING: - For purpose educate only - This script to change bars colors.
This is a three candlestick bearish reversal pattern consisting of a bearish harami pattern formed by the first 2 candlesticks then followed by down candlestick with a lower close than the prior candlestick. WARNING: - For purpose educate only - This script to change bars colors.