W-pattern — Indicators and Signals — TradingView (2024)

The Fair Value Gap Absorption Indicator aims to detect fair value gap imbalances and tracks the mitigation status of the detected fair value gap by highlighting the mitigation level till a new fair value gap is detected. The Fair Value Gap (FVG) is a widely utilized tool among price action traders to detect market inefficiencies or imbalances. These imbalances...

This is yet another ZigZag library.🔵 Key Features1. Lightning-Fast Performance : Optimized code ensures minimal lag and swift chart updates.2. Real-Time Swing Detection : No more waiting for swings to finalize! This library continuously identifies the latest swing formation.3. Amplitude-Aware : Discover significant swings earlier, even if they haven't...

Hello dear traders,Today we're discussing an indicator I've coded: the Volume Spike Indicator (VSI). The indicator isn't a groundbreaking invention and certainly not a novelty. Nevertheless, I haven't seen this version of the indicator on TradingView before, so I'd like to introduce it. 1. The Origin of the Idea: We're all familiar with volume charts: A...

Library "TimeSeriesRecurrencePlot" In descriptive statistics and chaos theory, a recurrence plot (RP) is a plot showing, for each moment i i in time, the times at which the state of a dynamical system returns to the previous state at `i`, i.e., when the phase space trajectory visits roughly the same area in the phase space as at time `j`.```A recurrence plot...

The ABCD Pattern indicator is a tool that helps identify potential geometric patterns of price movement on the chart of a financial instrument. This indicator is based on trading strategies that use the formation of four separate points, designated A, B, C and D.Point A: The starting point of the pattern, which usually represents the end of the previous price...

The Fibonacci Timing Pattern II is a price-based counter that seeks to determine medium-term reversals in price action. It is based on the following set of conditions:* For a bullish Fibonacci timing signal II: The current close must be lower than the close prices from one and two periods ago. Simultaneously, the close price from two periods ago must be lower...

This is based on chart pattern and varified for more than 5 years backtested

Library "lib_retracement_patterns" types and functions for XABCD pattern detection and plotting method set_tolerances(this, tolerance_Bmin, tolerance_Bmax, tolerance_Cmin, tolerance_Cmax, tolerance_Dmin, tolerance_Dmax)   sets tolerances for B, C and D retracements. This creates another Pattern instance that is set as tolerances field on the original and...

Will add some more patterns and conditions in it in future, for now its for detecting PERFECT Engulfings only.Use these Engulfing to take a trade when it get detected on support/resistance

Library "SimilarityMeasures" Similarity measures are statistical methods used to quantify the distance between different data setsor strings. There are various types of similarity measures, including those that compare:- data points (SSD, Euclidean, Manhattan, Minkowski, Chebyshev, Correlation, Cosine, Camberra, MAE, MSE, Lorentzian, Intersection, Penrose...

The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart.Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots.🔶 USAGE The Master...

This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend.The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading...

I made this script a long time again and never released it. It is a ABC Pattern finding tool. You can adjust the "Bars Back" setting to include more or less bars in the pattern. I usually have it set to 10 or 15 these settings seem to work well on most assets. The scripts allows you to set up a trade box automatically and has a call out table to make prices levels...

█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...

This script is our version of the "Fair Value Gap".A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior.For example:A Gap Up - the Low of a candle is higher than the High of two candles back.A Gap Down - the High of a candle is lower than the Low of two candles...

This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago. The old version has been preserved here: █  OVERVIEW This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot...

DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work.His script is the combination of RSI and Engulfing Pattern.//------------------------------------------------------------I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to...

█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other,not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customizeyour own Patterns with the Backtesting tool and set Retracement Ratios and...