candlestick patterns
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Ochoa's Candlestick Reversal System for ThinkorSwim
This indicator consists of different candlestick patterns and reversal system, as explained by Franklin Ochoa in his book. Wick Reversal System Extreme Reversal System Outside Reversal System Doji Reversal System I included the ability to turn off any of the reversal signals above within the... -
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Broadening Formation Pattern for ThinkorSwim
Hello All, I've spent several nights trying to re-create this without any success: http://www.patternsmart.com/cart/index.php?route=product/product&product_id=430&search=broadening Perhaps I'm missing something obvious. I've tried applying techniques from mobius' scalper alerts and tried... -
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"Candle State" Bar Type Identification :: TheStrat For ThinkOrSwim
Is there a way to identify bars as either inside bar "1"; outside bar "3"; or directional bar "2" by placing a numerical identifier beneath each bar? SequenceCounter associates numbers with bars, but I did not see thinkscript for placing a numeral at individual bars. Bar identification...- radnor
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- candlestick patterns inside outside
- Replies: 32
- Forum: Indicators
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Custom Indecision Candles for ThinkorSwim
I look for these indecision candles on a daily basis (after market close). All of them have been shared on here before but separately. I thought it would be useful just to combine them into one single indicator. Easier to scan for new pattern. Pink candles = Blast Off pattern Blue up wedge at... -
High Wave Candlestick Pattern for ThinkorSwim
High Wave: Important Results (according to Tom Bulkowski) This version includes paint bars and arrows (for scanning purposes). The arrow does not indicate the trend or direction. thinkScript Code # High Wave Candlestick Pattern # Assembled by BenTen at useThinkScript.com # Converted from... -
Candlestick Ranking
What in your experience is the top 3 information gained from any candlestick/pairs of sticks? I am working on candlestick rank system. Not patterns (bullflag, head n shoulders, etc). For example reversal to bullish: Hieken Ashi doji with higher low inside bar closing 50% or higher on current...- subharmonic
- Thread
- candlestick patterns
- Replies: 2
- Forum: Playground
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3-Bar Volume Breakouts Indicator
On a 5-minute 2-day candlestick chart, traders should look at the bottom of the chart to look for a pattern in which 3 sequential increasing-volume 5-minute bars occur. The basic trading strategy is to go long in an up trending chart with this 3-bar volume breakout with an entry placed ten... -
Bulkowski's Takuri Line for ThinkorSwim
Takuri Line Candlestick: Important Results 11:57 Mobius: Train.. lets try this a different way. Here is a share link with the study https://tos.mx/MwnzYZ # "Takuri Line" (2) prior DOWN candles Then a Takuri Candle. A small bodied candle with a lower shadow that is at least 3x the height of... -
Blast Off Indicator for ThinkorSwim
You should use this indicator on the daily chart. A pink candle represent a "blast off" candle. Expect a big move the next day. For day traders, you can also use this on the lower timeframes to look for indecision candles. thinkScript Code reference this one in the Scan Hacker # Blast Off...- BenTen
- Thread
- candlestick patterns
- Replies: 151
- Forum: Indicators
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FTR (Failed to Return) Candles Indicator for ThinkorSwim
So this candle pattern was recently introduced to me via a weblog called A Teen Trader. @Korinek_Trades, the trader behind ateentrader.com describe it perfectly. I followed that concept and some of the illustrations on his blog and made a similar indicator for ThinkorSwim. Before you...- BenTen
- Thread
- candlestick patterns
- Replies: 8
- Forum: Indicators
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Bull Flag and Bear Flag Formations for ThinkorSwim
Ken Rose of TD Ameritrade shared a watchlist column that shows potential bull flag and bear flag patterns being formed. This forum version is modified to also plot bull flag signal and also bear flag signal on your chart. To trade a flag pattern, wait for the price to break above the flag. Set...- BenTen
- Thread
- candlestick patterns custom watchlist
- Replies: 185
- Forum: Indicators
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Useful Candlestick Studies
Below are 2 candlestick painting indicators for your use. You should always use multiple indicators and take/cut positions when they show confluence. However, for the purpose of understanding these candlestick studies, let's evaluate them by themselves, "naked," and without any help from moving...- Shinthus
- Thread
- candlestick patterns
- Replies: 21
- Forum: Indicators
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Extreme Engulfing Reversal Pattern for ThinkorSwim
The Engulfing candlestick is considered to be a reliable pattern for reversal trading. This indicator will give you a buy and sell signal based on the Engulfing pattern combining with the RSI (Relative Strength Index) indicator. When a bullish or bearish Engulfing candle is identified we also...- BenTen
- Thread
- candlestick patterns
- Replies: 5
- Forum: Indicators
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Triple 3 Inside Bars Indicator and Scanner for ThinkorSwim
Triple 3 Inside Bars Indicator and Scanner for ThinkorSwim Inspired by the Double Inside Day and Narrow Range 4 (NR4) indicators. These patterns are quite popular among traders, especially those who mainly use price action to trade breakouts. Here is the triple inside bars study for ThinkorSwim...- BenTen
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- candlestick patterns consolidation inside
- Replies: 94
- Forum: Indicators
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Outside Bars and/or Inside Bars (Candle) Combinations For ThinkOrSwim
Can someone help me with a script for an outside day and and an inside day? I would like to create a scan for them.- Thepremier
- Thread
- candlestick patterns inside outside
- Replies: 86
- Forum: Questions
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One Black Crow & One White Soldier Candlestick Patterns for ThinkorSwim
ThinkorSwim just added two new candlestick patterns. One was the bullish trend reversal pattern called One White Soldier and the other one was the bearish trend reversal candlestick called One Black Crow. I was able to test them out on a few charts and both patterns look really promising for...- BenTen
- Thread
- candlestick patterns
- Replies: 17
- Forum: Indicators
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Three Bar Reversal Pattern and Indicator for ThinkorSwim
The three bar reversal pattern is a significant signal in technical analysis, often used by traders to identify potential trend reversals. It typically consists of three consecutive bars on a price chart, indicating a shift from a prevailing trend to a new direction. This pattern is...- BenTen
- Thread
- candlestick patterns
- Replies: 28
- Forum: Indicators
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Gravestone Doji Candle Pattern for ThinkorSwim
This indicator helps spot Gravestone Doji candle, Hammer bar, and a few other reversal candlestick patterns in ThinkorSwim. The full list can be mentioned below. Candlestick reversal patterns included in this indicator: Gravestone Doji Candle (Reversal possible on Gravestone Doji) HammerBar...- BenTen
- Thread
- candlestick patterns
- Replies: 17
- Forum: Indicators
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Shaved Bars Buy/Sell Pressure Indicator for ThinkorSwim
Shaved Bars is one of the price pattern indicators converted from TradingView to ThinkorSwim. It shows buying and selling pressure based on the candlestick. It checks to see if the candle closed above or at 5% of the high for the previous candle. Notes: Pink = Down Shaved Bars - Selling...- BenTen
- Thread
- buysellpressure candlestick patterns
- Replies: 8
- Forum: Indicators
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Pin Bar Reversal Indicator for ThinkorSwim
Here is an indicator that detects bullish and bearish Pin Bar candlestick patterns on your ThinkorSwim chart. Pin Bars are candlestick patterns characterized by a long wick and a small body. They indicate potential reversals in market sentiment. The below version with RSI which takes...- BenTen
- Thread
- candlestick patterns
- Replies: 12
- Forum: Indicators
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