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Bullish Patterns

Bull/Bear Candle % Oscillator█ OVERVIEW This script determines the proportion of bullish and bearish candles in a given sample size. It will produce an oscillator that fluctuates between 100 and -100, where values > 0 indicate more bullish candles in the sample and values < 0 indicate more bearish candles in the sample. Data produced by this oscillator is normalized around the 50% value, meaning that an even 50/50 split between bullish and bearish candles makes this oscillator produce 0; this oscillator indirectly represents the percent proportion of bullish and bearish candles in the sample (see HOW TO USE/INTERPRETATION OF DATA ). It has two overarching settings: 'classic' and 'range'. █ CONCEPTS This script will cover concepts related to candlestick analysis, volumetric analysis, and lower timeframes. Candlestick Analysis - The idea behind this script is to solely look at the candlesticks themselves and derive information from them in a given sample. It separates candles into two categories, bullish (close > open) and bearish (close < open). If the indicator's setting is set to 'classic', the size of candles do not matter and all are assigned a value of 1 or 0. If the indicator's setting is set to 'range', specific candle ranges modify the proportion of bullish/bearish values. Bullish candle values include all bullish candles in the set from their lows to the close, plus the lower wicks of all bearish candles. Bearish candle values include all bearish candles in the set from their highs to the close, plus the upper wicks of all bullish candles. Volumetric Analysis - One of this script's features allows the user to modify the bullish and bearish candle proportions by its 'weight' determined by its volume compared to the sample set's total volume. Volumetric analysis for the 'range' setting are more complex than 'classic' as described below. Lower Timeframes - For volumetric analysis to be done on candle wicks, there needed to be a way to determine how much volume had occurred in the wick by itself to find the weight of upper and lower wicks. To accomplish this, I employed PineScrypt's request.security_lower_tf function to grab OHLC values of lower timeframe candles (as well as volume) to determine how much volume had occurred in the wicks of the chart resolution's candle. The default OHLC values used here are the lows for upper wicks and highs for lower wicks. These OHLC values are then compared to the chart resolution candle's close to determine if the volume of that lower timeframe candle should be shifted to the wick weight or stay in the current weight of that candle. The reason 'low' and 'high' are used here is to guarantee that 100% of the volume of a lower timeframe candle had occurred in the wick of the candle at the current resolution (see LIMITATIONS ). Bullish candles will exclude volume of all lower timeframe candles whose lows were greater than that candle's close. Bearish candles will exclude volume of all lower timeframe candles whose highs were less than that candle's close. These wick volumes are then divided by the volume of the sample set, and wick sizes are then multiplied by this weight before being added to their specific bullish/bearish sums (lower wicks to bullish and upper wicks to bearish). █ FEATURES There are 13 inputs for the user to modify the behavior/visual representation of this script. Sample Length - This determines how many candles are in the sample set to find the proportion of bullish and bearish candles. Colors and Invert Colors - There are three colors set by the user: a bullish color, neutral color, and bearish color. The oscillator plots two lines, one at 0 and another that represents the proportion of bullish or bearish candles in the sample set (we'll call this the 'signal line'). If the oscillator is above 0, bullish color is used, bearish otherwise. This script generates a gradient to color a filled area between the 0 line and the signal line based on the historical values of the oscillator itself and the signal line. For bullish values, the closer the signal line is to the max (or restricted max described below) that the oscillator has experienced, the more colored toward bullish color the shaded area will be, using the neutral color as a starting point. The same is applied to the bearish values using the bearish color. There is an additional input to invert the colors so that the bearish color is associated with bullish values and vise-versa. Calculation Type - This determines the overarching behavior of the oscillator and has two settings: Classic - The weight of candles are either 1 if they occurred and 0 if not. Range - The weight of candles is determined by the size of specific sections as described in CONCEPTS - Candlestick Analysis . Volume Weighted - This enables modifying the weights of candles as described in CONCEPTS - Volumetric Analysis and Lower Timeframes based on which Calculation Type is used. Wick Slice Resolution - This is the lower timeframe resolution that will be used to slice the chart resolution's candle when determining the volumetric weight of wicks. Lower timeframe resolutions like '1 minute' will yield more precise results as they will give more data points to go off of (see LIMITATIONS ). Upper/Lower Wick Source - These two inputs allow the user to select which OHLC values to compare against the chart resolution's candle close when determining which lower timeframe candles will have their volumes associated with the wicks of candles being analyzed at the chart's resolution. Restrict Min/Max Data and Restriction - This will restrict the maximum and minimum values that will be used for the signal line when comparing its value to previous oscillator values and change how the color gradient is generated for the indicator. Restriction is the number of candles back that will determine these maximum and minimum values. Display Min/Max Guide - This will plot two lines that are colored the corresponding bullish and bearish colors which follow what the maximum and minimum values are currently for the oscillator. █ HOW TO USE/INTERPRETATION OF DATA As mentioned in the OVERVIEW section, this oscillator provides an indirect representation of the percent proportion of bullish or bearish candles in a given sample. If the oscillator reads 80, this does not mean that 80% of all candles in the sample were bullish . To find the percentage of candles that were bullish or bearish, the user needs to perform the following: 50% + ((|oscillator value| / 100) * 50)% If the oscillator value is negative, the value from above will represent the percentage of bearish candles in the sample. If it is positive, this value represents the percentage of bullish candles in the sample. Example 1 (oscillator value = 80): 50% + ((|80| / 100) * 50)% 50% + ((0.80) * 50)% 50% + 40% = 90% 90% of the candles in the sample were bullish. Example 2 (oscillator value = -43): 50% + ((|-43| / 100) * 50)% 50% + ((0.43) * 50)% 50% + 21.5% = 71.5% 71.5% of the candles in the sample were bearish. An example use of this indicator would be to put in a 'buy' order when its value shows a significant proportion of the sampled candles were bearish, and put in a 'sell' order when a significant proportion of candles were bullish. Potential divergences of this oscillator may also be used to plan trades accordingly such as bearish divergence - price continues higher as the oscillator decreases in value and vise-versa.* * Nothing in this script constitutes any form of financial advice. The user is solely responsible for their trading decisions and I will not be held liable for any losses or gains incurred with the use of this script. Please proceed with caution when using this script to assist with trading decisions. █ LIMITATIONS Range Volumetric Weights : Because of the conditions that must be met in order for volume to be considered part of wicks, it is possible that the default settings and their intended reasoning will not produce reliable results. If all lower timeframe candles have highs or lows that are within the body of the candle at the chart's resolution, the volume for the wicks will effectively be 0, which is not an accurate representation of those wicks. This is one of the reasons why I included the ability to change the source values used for these conditions as certain OHLC values may produce more reliable/intended results under these conditions. Wick Slice Resolution : PineScript restricts the number of intrabar references to 100,000 total. This script uses 3 separate request.security_lower_tf calls and has a default resolution of 1 minute. This means that if the user were to set the oscillator to the Range setting, enable volume weighted, and had the Wick Slice Resolution set to 1 minute, this script will exceed this 100,000 reference restriction within 24 days of data and will not produce any results beyond the previous 23.14 days. Below are example uses of all the different settings of this script, these are done on the 1D chart of COINBASE:BTCUSD : Default Settings: Classic - Volume Weighted: Range - no Volume Weight: Range - Volume Weighted (1 min slices): Range - Volume Weighted (1 hour slices): Display Min/Max Guide - No Restriction: Display Min/Max Guide - Restriction: Invert Colors:
Pine Script® indicator
by SolCollector
Current price & Daily openFor those who likes clean chart: I made a simple script that shows Current price based on the last candle color. Also can show Daily open line based on the daily candle color. Daily open line is same as strong support and resistance levels. Mostly price shows strong responces on daily open line. 1: Daily open line color is blue if current price is above the daily open line. And daily open line is red if current price is below the daily open line. This means blue daily open line represents bullish daily candle and red daily open line represents bearish daily candle. Simply you can expect Buy setup on the daily open line if it is blue and vice versa. That means you are following the daily trend, nothing else. Always double confirm with your own trading style. It's not guaranteed. You can use this script when you want to see daily price action or to find daily high lows. This script helps to identify the following day high and lows too on the lower timeframe. 2: When you add drawing tools on your chart price labels are overlapping or if you choose not overlap then price moves up or down so you are not able to see current price easily. This script helps to show current price on the last candle. You can easily see the current price. Current price color is blue when last candle is bullish and it's red when last candle is bearish . It always calculates last candle. So it could be weekly or 1 minute candle, whatever timeframe you working on. Thank you.
Pine Script® indicator
by Munkhtur
6
Dante Bullish/Bearish EngulfingBearish and Bullish engulfings as taught by Tom Dante Piccin. Different from other bullish/bearish engulfing indicators because other indicators only want the body of the current candle to engulf the previous body. This indicator needs the low and high of the current candle to engulf the previous one and also in the example of a bullish engulfing close above the previous candle high or in a bearish engulfing example close below the low of the previous candle.
Pine Script® indicator
by Seriffin
5
LOKEN (v4) BULLISH SMART MONEYThis indicator is based on Smart Money MCDX (Pine editor @v4) Indicator built for cryptocurrencies. Best for day trading. The coin seems overbought but still pump? Check this indicator This indicator help you see when institutional buyer enter/exit trade and is a good combination with RSI + Stochastic RSI . This indicator focus on buying activity by big players and is built for LONG or SPOT, shorter can still use it to determine when to exit short (if smart money appear on a significant TF you may not enter/stay in a short). Banker plot show strong buyer activities (appear generally when RSI already overbought but still increasing). It appear as a Histogram with a color code to better see the fading strength of the institutional activity : Light Blue Bar = Institutional presence ( bullish ) Green Bar = Pump candle (very bullish ), (Banker > Banker MA) Orange Bar = Retest candle = natural decline after a growth (Banker < Banker MA) Black Bar = Down candle = progressive exit of institutional leads to this candle, you must have TP before. Red Bar = Dump candle = steep decline, the institutional take profit hard. You better be out before that one. Hot-Money plot show momentum and react fast to price action. It appear as a filled zone (red or green) depending on the plot position compared to its average. In a downtrend you may only see this one. Key-Signals: "Bullish signal 𓃓" = open a long "Sell signal 💲" = close the long I recommend you don't keep all the signals enabled at first. (feel free to ask me the use of the other signals) It seemed to me that SMART MONEY MCDX was counter-intuitive and archaic, So i made this one for personal use, I'm happy if this indicator helps you, Have a good trade
Pine Script® indicator
by LOKEN94
134
AMACD - All Moving Average Convergence DivergenceThis indicator displays the Moving Average Convergane and Divergence ( MACD ) of individually configured Fast, Slow and Signal Moving Averages. Buy and sell alerts can be set based on moving average crossovers, consecutive convergence/divergence of the moving averages, and directional changes in the histogram moving averages. The Fast, Slow and Signal Moving Averages can be set to: Exponential Moving Average ( EMA ) Volume-Weighted Moving Average ( VWMA ) Simple Moving Average ( SMA ) Weighted Moving Average ( WMA ) Hull Moving Average ( HMA ) Exponentially Weighted Moving Average (RMA) ( SMMA ) Symmetrically Weighted Moving Average ( SWMA ) Arnaud Legoux Moving Average ( ALMA ) Double EMA ( DEMA ) Double SMA (DSMA) Double WMA (DWMA) Double RMA ( DRMA ) Triple EMA ( TEMA ) Triple SMA (TSMA) Triple WMA (TWMA) Triple RMA (TRMA) Linear regression curve Moving Average ( LSMA ) Variable Index Dynamic Average ( VIDYA ) Fractal Adaptive Moving Average ( FRAMA ) If you have a strategy that can buy based on External Indicators use 'Backtest Signal' which returns a 1 for a Buy and a 2 for a sell. 'Backtest Signal' is plotted to display.none, so change the Style Settings for the chart if you need to see it for testing.
Pine Script® indicator
by EltAlt
2
Bears Bulls Impulse█  OVERVIEW Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators. █  CONCEPTS Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the Bears Bulls Power indicator. Quoting from Admiral Markets, "Bulls Power measures the capability of buyers in the market to lift prices above an average consensus of value. Bears Power measures the capability of sellers to drag prices below an average consensus of value. Using them in tandem with a trend measure allows you to identify favorable entry points." █  HOW TO USE IT As soon as the color changes, it indicates a change in the price direction and divergences. Green buy, red sell? Not that simple, but following that pattern for scalping may result in some good entries. Following this indicator blindly will not be accurate as using another indicator to filter the signals in favor of a major trend (that indicator could be another Bears Bulls Inpulse from a higher time frame)
Pine Script® indicator
by ThiagoSchmitz
5
Naked Bar Upward ReversalAMEX:SPY The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the next open above the inside candle's close. This is a bullish reversal pattern and should be used in this context. Successful entries are found in corrections along an upward trend, or buying into a dip. Performance drops when the pattern appears at tops. To improve profitability, use a cluster of evidence to enhance the performance of this pattern. The intended time frame is within the daily and weekly.
Pine Script® indicator
by MrDevDevy
3
K's EnvelopesTrading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are all static in time, i.e. they do not move with real time data. In contrast, moving averages are dynamic and do a great job at finding support and resistance levels. The idea of K's Envelopes is to form support and resistance zones so that we find good entry points. It is a combination of two 800-period moving averages where one is applied to the highs and the other applied to the lows, thus forming a moving zone used to support or place a ceiling on the market price.
Pine Script® indicator
by Sofien-Kaabar
Price Clouds (PS)Price could shows you dynamic support resistance levels. It also displays two bands (ie clouds) that show you where the trend is. If the price hits the bottom of the high band thats a buy and if it hits the top of the high band its a sell. During times of volatility the price can break support but you will find that the opposite band will work as the next level. I added tool tips for every option to help explain what everything does and I also left suggestions for other settings. This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base) If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share. Your support is a highly motivation for me.
Pine Script® indicator
by The_Peaceful_Lizard
13
4x Stochastic Dingue4 Stochastic indicator into 1. Different lengths produce short-term and long-term indicators that can help with finding the trend and impulses within the trend. It can also find reversal points when all 4 are at the extreme at the same time. Ex. All 4 Stoch are above 90 or under 10 !! This could signal a bottom or top is soon to happen. (This is not always true as it depends on many factors.) Many visual options make it even more customizable. Fill between Stoch, background colors, Crosses. Divergences are not always accurate, depending on settings and timeframe, but they can be useful in certain situations. --------------------- In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions. I hope you like my indicators and that they help your trading. If you have any questions please ask. Thank you.
Pine Script® indicator
by CryptoDINGUE
RSI Average Swing BotThis is a modified RSI version using as a source a big length(50 candles) and an average of all types of sources for candle calculations such as ohlc4, close, high, open, hlc3 and hl2. In this case we are going to use a 0-1 scale for an easier calculation, where 0.5 is going to be our middle point. Above 0.5 we consider a bullish possibility. Below 0.5 we consider a bearish possibility. I made a small example bot using that initial logic, together with 2 exit points for long or short positions. If there are any questions, let me know !
Pine Script® strategy
by exlux
Bitcoin Bull Runs Mid Cycle Aligned This script plots 2 lines which are the 2013 and 2016 bull run. The plots are aligned on their mid cycles to the 2021 mid cycle. Settings: You can move the plots on the x and y axis in the settings for the Daily, Weekly and Monthly TFs. The plot is weird on the Monthly TF, best to use the Daily and Weekly. If it doesn't load at first you have to zoom out fully and go back to 2013 for it to load. Then it will load.
Pine Script® indicator
by jewinator_8
12
CandleEvaluationLibrary "CandleEvaluation" Contains functions to evaluate bullish and bearish, engulfing, and outsized candles. They are different from the built-in indicators from TradingView in that these functions don't evaluate classical patterns composed of multiple candles, and they reflect my own understanding of what is "bullish" and bearish", "engulfing", and "outsized". isBullishBearishCandle() Determines if the current candle is bullish or bearish according to the length of the wicks and the open and close. int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar. returns Two values, true or false, for whether it's a bullish or bearish candle respectively. isTripleBull() Tells you whether a candle is a "Triple Bull" - that is, one which is bullish in three ways: It closes higher than it opens It closes higher than the body of the previous candle The High is above the High of the previous candle. int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar. returns True or false. isTripleBear() Tells you whether a candle is a "Triple Bear" - that is, one which is bearish in three ways: It closes lower than it opens It closes lower than the body of the previous candle The Low is below the Low of the previous candle. int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar. returns True or false. isBigBody() Tells you if the current candle has a larger than average body size. int _length - The length of the sma to calculate the average float _percent - The percentage of the average that the candle body has to be to count as "big". E.g. 100 means it has to be just larger than the average, 200 means it has to be twice as large. returns True or false isBullishEngulfing() Tells you if the current candle is a bullish engulfing candle. int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar. int _atrFraction The denominator for the ATR fraction, which is the small amount by which the open can be different from the previous close. returns True or false isBearishEngulfing() Tells you if the current candle is a bearish engulfing candle. int _barsBack How many bars back is the candle you want to evaluate. By default this is 0, i.e., the current bar. int _atrFraction The denominator for the ATR fraction, which is the small amount by which the open can be different from the previous close. returns True or false
Pine Script® library
by SimpleCryptoLife
16
Macd Divergence + MTF EMA MACD Divergence + Multi Time Frame EMA This Strategy uses 3 indicators: the Macd and two emas in different time frames The configuration of the strategy is: Macd standar configuration (12, 26, 9) in 1H resolution 10 periods ema, in 1H resolution 5 periods ema, in 15 minutes resolution We use the two emas to filter for long and short positions. If 15 minutes ema is above 1H ema, we look for long positions If 15 minutes ema is below 1H ema, we look for short positions We can use an aditional filter using a 100 days ema, so when the 15' and 1H emas are above the daily ema we take long positions Using this filter improves the strategy We wait for Macd indicator to form a divergence between histogram and price If we have a bullish divergence, and 15 minutes ema is above 1H ema, we wait for macd line to cross above signal line and we open a long position If we have a bearish divergence, and 15 minutes ema is below 1H ema, we wait for macd line to cross below signal line and we open a short position We close both position after a cross in the oposite direction of macd line and signal line Also we can configure a Take profit parameter and a trailing stop loss
Pine Script® strategy
by Trading_Solutions_
10
Harmonic Pattern Educational Volume 0 (Source Code)This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. Gartley and Butterfly patterns were ideal patterns explained from The Harmonic Trader written by Scott M Carney. Some values are further updated later in Harmonic Trading: Volume Three, also by Scott M Carney. The Harmonic Trader book was also known as Harmonic Trading: Volume Zero. Usually Bullish Patterns show as "M" shape while Bearish Patterns show as "W" shape. ";" indicates range, example : 1.27;1.618 meaning that value between 1.27 to 1.618. Indikator ini bertujuan sebagai pendidikan sahaja untuk Harmonic Pattern menggunakan XABCD Pattern Tool. Pattern Gartley dan Butterfly, juga sebagai pattern ideal telah diterangkan dari buku The Harmonic Trader ditulis oleh Scott M Carney. Beberapa nilai kemudiannya telah dikemaskini dalam Harmonic Trading: Volume Three, juga oleh Scott M Carney. Buku The Harmonic Trader book juga dikenali sebagai Harmonic Trading: Volume Zero. Kebiasaanya Bullish Pattern tunjuk sebagai bentuk "M" manakala Bearish Pattern tunjuk sebagai bentuk "W". ";" menunjukkan range, contoh : 1.27;1.618 bermaksud nilai 1.27 hingga 1.618. Indicator features : 1. List XAB=CD patterns including ratio and reference page. 2. For desktop display only, not for mobile. Kemampuan indikator : 1. Senarai XAB=CD pattern termasuk ratio and rujukan muka surat. 2. Untuk paparan desktop sahaja, bukan untuk mobile. FAQ 1. Credits / Kredit Scott M Carney, The Harmonic Trader 2. Pattern and Chapter involved / Pattern dan Bab terlibat Bullish Ideal Gartley - Page 160 Bearish Ideal Gartley - Page 171 Bullish Ideal Butterfly - Page 194 Bearish Ideal Butterfly - Page 204 3. Code Usage / Penggunaan Kod Free to use for personal usage but credits are most welcomed especially for credits to Scott M Carney. Bebas untuk kegunaan peribadi tetapi kredit adalah amat dialu-alukan terutamanya kredit kepada Scott M Carney. Bullish (M) / Bearish (W) Ideal Gartley Bullish (M) / Bearish (W) Ideal Butterfly
Pine Script® indicator
by RozaniGhani-RG
1