Vector Candles is an overlay indicator that recolors price candles using PVSRA volume rules taken from the Traders Reality concept. It compares each bar's volume with the average of the previous ten bars and also checks the product of spread and volume against
Indicator · Pine Script v5 · On the chart
My Comprehensive Trading Indicator
A candlestick overlay that marks hammer and hanging man candles with up and down arrows, coloured by whether volume on the signal candle was above its 12-bar average.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code50
Settings0inputs
LicenceNone stated
Last update4 years ago19 Aug 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
My Comprehensive Trading Indicator also highlights inside bars, outside bars and several multi-bar combinations of these through bar colouring and background shading. All thresholds are fixed in the code, with no inputs. It draws on the price chart and has no stop loss, take profit or sizing logic.
- Hammer and hanging man arrows
- Relative volume colouring of signals
- Inside and outside bar highlighting
- Multi-bar combination shading
Details
Published by
D-hyder on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
candlestick-patterns-detectionstock-markettradingtrading-strategiestradingview-pine-scripts
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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