ChanLun, also known as Entanglement Theory or "缠论", is a highly regarded technical analysis methodology that originated in China. Since its introduction in 2006, ChanLun has rapidly gained significant attention and a strong following within the Chinese trader community due to its exceptional ability to navigate complex market dynamics.
ChanLun places great...
Introducing the "Magic Vib Indicator" – a powerful tool designed to identify and highlight unique market scenarios known as "magic volume imbalances." This indicator is specifically crafted to recognize specific candlestick patterns that have demonstrated a significant impact on price movements.
The Magic Vib Indicator is meticulously engineered to detect a...
The primary objective of this indicator is to discern candles that exhibit characteristics suggestive of potential market reversals through the application of candlestick analysis. Extensive observation across various assets and timeframes has revealed the existence of a recurrent reversal pattern. This pattern typically manifests as a sequence of one to three...
This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session.
To use this script, you can apply it to a chart by...
This indicator automatically put a straight line on the High, Low, Close, and Open and calculates the Consequent Encroachment or the midline (50%) of the previous candle. The calculation for the midline can be based on either the High and Low or the Open and Close. The option to disable OHLC labels is available. The indicator displays the premium and discount...
Description:
The Candle Color Overlay (CCO) indicator is a powerful tool for visualizing price movements on a chart. It overlays the chart with customizable colors, highlighting bullish and bearish candles based on their open and close values. This indicator helps traders quickly identify the direction of price movements and assess market sentiment.
How it...
Use this code to stop support and resistance
This can be used with the momentum indicators that I have to see if we are likely to breakout or get rejected
Indicator Settings:
The indicator is titled "Support/Resistance | Breaks & Bounces" and is set to overlay on the price chart.
max_lines_count is set to 500, indicating the maximum number of support/resistance...
Japanese below / 日本語説明は英文の後にあります。
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*This indicator is based on TheTrdFloor's "3 Line Strike ". It's a very cool indicator. thank you.
In addition to the original indicator, it will be judged Engulfing only when the display of the MTF signal and the candle have a difference of 2 times or more.
=== Function description ===
1. Display of...
This script is used to Fill the GAP between two candles close price and next candle close price if there is GAP in the OPENING price of new candle.
This helps in identifying whether the GAP Candle is LEG candle (Big candles) or BASE candle (small accumulation candles) that can be used in marking the Demand and Supply zones based on LEG-IN, BASE and LEG-OUT...
This is a DEMO indicator with a simple 2 SMAs cross for signals + HHLL for TP/SL. It mainly demonstrates chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 5M, 15M, 1H, 4H, D....
The Bullish Engulfing pattern occurs when the close is higher than the open, and scripts will look for this pattern by checking the difference in the close and open prices sufficiently in pips. Likewise, the Bearish Engulfing pattern occurs when the close is lower than the open, and scripts will look for this pattern by checking for sufficient difference in the...
CANDLE STICK HEATMAP shows the statistics of a candle at a particular time. its very useful to find repeating pattern's at a particular time in a day.
based on the settings you can see regular repeating patterns of a day in an hourly chart. During a particular time in day there is always a down or up signal or candles.
The table boxes are candles in RED and GREEN...
Description:
The Price Percentage Shaded Candles indicator (P%SC) is a technical analysis tool designed to represent price candles on a chart with shading intensity based on the percentage change between the open and close prices. This overlay indicator enhances visual analysis by providing a visual representation of price movement intensity.
How it Works:
The...
Description:
The Price Percentage Breakout by Time Period (P%BTP) indicator is a technical analysis tool designed to identify potential breakout signals based on the percentage change in price over a specified lookback period. It helps traders identify significant price movements that exceed a user-defined threshold, indicating potential trading...
Description:
The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities.
How it Works:
The Price Percentage Breakout indicator...
This indicator highlights gaps on the chart where the price between two bars changes without any trades happening between them. It'll highlight gaps created during "Gap Up" or "Gap Down". This indicator has been developed to highlight mainly smaller gaps created on lower time frames though it displays gaps on any time frame. This script also has the option to...
The "Candlestick Strength and Weakness with RSI and OBV" indicator, denoted as CSW, is a tool designed to assist traders in identifying potential trend reversals in financial markets. The CSW indicator combines the analysis of candlestick patterns, relative strength index (RSI), and on-balance volume (OBV) to provide traders with valuable insights into market...
![GBPJPY: 3 Line Strike MTF [MsF]](https://s3.tradingview.com/b/blnARpH3_mid.png "3 Line Strike MTF [MsF]")
![SPY: [SMA Cross + HHLL] Signal Clean Up Analysis with Backtest (TSO)](https://s3.tradingview.com/n/n18zDwpJ_mid.png "[SMA Cross + HHLL] Signal Clean Up Analysis with Backtest (TSO)")
