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Next Candle

This document outlines a TradingView script for predicting the next candle's movement based on specific bullish and bearish patterns, confirmed by volume analysis. It includes conditions for signaling potential buy and sell opportunities, along with visual indicators on the chart. Alerts are set up to notify users when the next candle is likely to go up or down.

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noobleaderx
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4K views1 page

Next Candle

This document outlines a TradingView script for predicting the next candle's movement based on specific bullish and bearish patterns, confirmed by volume analysis. It includes conditions for signaling potential buy and sell opportunities, along with visual indicators on the chart. Alerts are set up to notify users when the next candle is likely to go up or down.

Uploaded by

noobleaderx
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

//@version=5

indicator("Next Candle Prediction (Simple & Clean)", overlay=true)

// === BASIC CANDLE PATTERN SETUPS ===


bullish = close > open and close[1] < open[1] and close > open[1]
bearish = close < open and close[1] > open[1] and close < open[1]

// === VOLUME CONFIRMATION ===


volAvg = ta.sma(volume, 20)
volStrong = volume > volAvg

// === FINAL CONDITIONS ===


nextCandleUp = bullish and volStrong
nextCandleDown = bearish and volStrong

// === PLOTTING SIGNALS ===


plotshape(nextCandleUp, location=location.belowbar, color=color.green,
style=shape.triangleup, size=size.small, title="BUY")
plotshape(nextCandleDown, location=location.abovebar, color=color.red,
style=shape.triangledown, size=size.small, title="SELL")

// === ALERTS ===


alertcondition(nextCandleUp, title="Next Candle UP", message="Next candle is likely
to go UP!")
alertcondition(nextCandleDown, title="Next Candle DOWN", message="Next candle is
likely to go DOWN!")

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