CandleSignal_En
📊 Script Description
5_CandleSignal is an advanced TradingView indicator based on a 3-candle pattern (C1-C2-C3) combined with institutional Order Block (OB) detection, a moving average trend filter, and automatic Stop Loss / Take Profit level management.
The script identifies high-probability entry points by leveraging:
Liquidity sweeps (break of a high/low followed by a reclaim)
Order Blocks as institutional confluence zones
Displacement (impulsive move with ATR-based volatility)
Trend filter on a customizable timeframe
It is designed for intraday traders on the M5 timeframe, providing clear signals (★ BUY / ★ SELL) and warning alerts (⚠OB) when a signal is near an opposite Order Block.
🧠 How the C1-C2-C3 Pattern Works
Phase 1 — C1 (Reference Candle)
The script stores the high and low of the first valid candle. Two gray lines are drawn on the chart (C1 High / C1 Low).
Phase 2 — C2 (Setup)
It waits for a candle that:
Breaks C1's low (sweep down) but not the high, then closes back inside C1's range → BUY setup
Breaks C1's high (sweep up) but not the low, then closes back inside C1's range → SELL setup
When the setup is valid, the C1 lines turn fuchsia and the script enters breakout-waiting mode.
Phase 3 — C3 (Confirmation / Trigger)
The signal triggers when:
BUY: price breaks C1's high upward (+ ATR buffer)
SELL: price breaks C1's low downward (− ATR buffer)
Confirmation must also respect the MA filter (price above/below the moving average), unless C1 or C2 touched a matching Order Block (MA bypass).
🎯 How to Use the Signals — Entry
✅ BUY Signal (★ yellow below the candle)
Entry: at the close of candle C3 that breaks C1 High
Ideal confirmations:
Price above the MA (trend filter active)
"OB" label below the signal → confluence with a bullish Order Block (stronger signal)
No ⚠OB (warning) above the signal
❌ SELL Signal (★ red above the candle)
Entry: at the close of candle C3 that breaks C1 Low
Ideal confirmations:
Price below the MA
"OB" label above the signal → confluence with a bearish Order Block
No ⚠OB below the signal
⚠️ OB Warning (★ + colored X)
When the X appears above/below the star, it means the signal is near an opposite Order Block → possible reversal.
With "Ignore signal" mode: the signal is skipped
With "Mark with X" mode: the signal is shown but flagged → use caution or skip
🚪 How to Use the Signals — Exit
The script automatically draws a green box (TP) and a red box (SL) on the confirmed signal:
Stop Loss (SL)
BUY: below C1's low − minAtrStopMult × ATR (default 0.5 ATR)
SELL: above C1's high + minAtrStopMult × ATR
Take Profit (TP)
Calculated with a configurable R:R
Recommended exits
TP exit: when price reaches the green box
SL exit: when price reaches the red box
Early exit: if an opposite signal (opposite ★) appears before TP
Manual trailing: after 1R of profit, move SL to break-even
⚙️ Recommended Settings
🕐 Timeframe
M5 (5 minutes) — ideal for:
C1-C2-C3 patterns with well-defined liquidity sweeps
Meaningful Order Blocks
Realistic R:R ratios during the trading day
📈 Recommended R:R: 1:1.7
In Settings → Trade Levels (SL/TP) → Take Profit ratio (R:R) = 1.7
⚠️ An R:R of 1.7 with a win rate ≥ 45% is already profitable. With OB + MA filters active, the win rate typically rises.
🎛️ Recommended filters (enabled by default)
Parameter Recommended Value
Moving Average Filter ✅ ON
MA timeframe 5
SMA period 20
Source close
Order Block detection ✅ ON
Require displacement ✅ ON
ATR multiplier (displacement) 1.2
Bypass MA if OB touch ✅ ON
OB proximity margin 0.5 ATR
Warning OB behavior "Mark with X"
Min SL distance beyond C1 0.5 ATR
R:R 1.7
Box extension 30 bars
🔔 Recommended alerts
Enable these alerts in TradingView:
✅ Buy Confirmed / Sell Confirmed
✅ Buy + Order Block / Sell + Order Block (strongest signals)
✅ Buy - Opposite OB Warning / Sell - Opposite OB Warning (to avoid false signals)
📋 Operational Checklist (M5 — R:R 1.7)
Before entering:
✅ The ★ signal is confirmed on a closed candle
✅ Price is on the correct side of the MA (or OB bypass applies)
✅ The "OB" confluence label is present (optional but preferable)
✅ There is NO opposite ⚠OB (otherwise skip or reduce size)
✅ The TP is far from obvious resistance/support levels
Management:
🎯 Entry at C3 close
🛑 Automatic SL (red box) — do not move it
🏁 Automatic TP (green box) at R:R 1.7
🔄 At +1R move SL to break-even
❌ If an opposite signal appears before TP → consider a manual exit
⚠️ Disclaimer
This script is not an automated trading system — it is a decision-support tool
The obRealtimeDraw parameter draws OBs even on the forming candle (repainting): disable it if you want only confirmed signals
Always test on demo and over a significant number of trades before trading with real capital
Size your position according to risk: never risk more than 1-2% of capital per trade
🎁 Quick Summary
Element Value
Pattern C1-C2-C3 (sweep + reclaim + breakout)
Timeframe M5
R:R 1:1.7
Filters MA (SMA 20) + Order Block + Displacement
BUY Signal ★ below + (OB or above MA)
SELL Signal ★ above + (OB or below MA)
Avoid Opposite ⚠OB
SL Beyond C1 ± 0.5 ATR
TP Entry ± (SL distance × 1.7)
Happy trading! 📈
5_CandleSignal is an advanced TradingView indicator based on a 3-candle pattern (C1-C2-C3) combined with institutional Order Block (OB) detection, a moving average trend filter, and automatic Stop Loss / Take Profit level management.
The script identifies high-probability entry points by leveraging:
Liquidity sweeps (break of a high/low followed by a reclaim)
Order Blocks as institutional confluence zones
Displacement (impulsive move with ATR-based volatility)
Trend filter on a customizable timeframe
It is designed for intraday traders on the M5 timeframe, providing clear signals (★ BUY / ★ SELL) and warning alerts (⚠OB) when a signal is near an opposite Order Block.
🧠 How the C1-C2-C3 Pattern Works
Phase 1 — C1 (Reference Candle)
The script stores the high and low of the first valid candle. Two gray lines are drawn on the chart (C1 High / C1 Low).
Phase 2 — C2 (Setup)
It waits for a candle that:
Breaks C1's low (sweep down) but not the high, then closes back inside C1's range → BUY setup
Breaks C1's high (sweep up) but not the low, then closes back inside C1's range → SELL setup
When the setup is valid, the C1 lines turn fuchsia and the script enters breakout-waiting mode.
Phase 3 — C3 (Confirmation / Trigger)
The signal triggers when:
BUY: price breaks C1's high upward (+ ATR buffer)
SELL: price breaks C1's low downward (− ATR buffer)
Confirmation must also respect the MA filter (price above/below the moving average), unless C1 or C2 touched a matching Order Block (MA bypass).
🎯 How to Use the Signals — Entry
✅ BUY Signal (★ yellow below the candle)
Entry: at the close of candle C3 that breaks C1 High
Ideal confirmations:
Price above the MA (trend filter active)
"OB" label below the signal → confluence with a bullish Order Block (stronger signal)
No ⚠OB (warning) above the signal
❌ SELL Signal (★ red above the candle)
Entry: at the close of candle C3 that breaks C1 Low
Ideal confirmations:
Price below the MA
"OB" label above the signal → confluence with a bearish Order Block
No ⚠OB below the signal
⚠️ OB Warning (★ + colored X)
When the X appears above/below the star, it means the signal is near an opposite Order Block → possible reversal.
With "Ignore signal" mode: the signal is skipped
With "Mark with X" mode: the signal is shown but flagged → use caution or skip
🚪 How to Use the Signals — Exit
The script automatically draws a green box (TP) and a red box (SL) on the confirmed signal:
Stop Loss (SL)
BUY: below C1's low − minAtrStopMult × ATR (default 0.5 ATR)
SELL: above C1's high + minAtrStopMult × ATR
Take Profit (TP)
Calculated with a configurable R:R
Recommended exits
TP exit: when price reaches the green box
SL exit: when price reaches the red box
Early exit: if an opposite signal (opposite ★) appears before TP
Manual trailing: after 1R of profit, move SL to break-even
⚙️ Recommended Settings
🕐 Timeframe
M5 (5 minutes) — ideal for:
C1-C2-C3 patterns with well-defined liquidity sweeps
Meaningful Order Blocks
Realistic R:R ratios during the trading day
📈 Recommended R:R: 1:1.7
In Settings → Trade Levels (SL/TP) → Take Profit ratio (R:R) = 1.7
⚠️ An R:R of 1.7 with a win rate ≥ 45% is already profitable. With OB + MA filters active, the win rate typically rises.
🎛️ Recommended filters (enabled by default)
Parameter Recommended Value
Moving Average Filter ✅ ON
MA timeframe 5
SMA period 20
Source close
Order Block detection ✅ ON
Require displacement ✅ ON
ATR multiplier (displacement) 1.2
Bypass MA if OB touch ✅ ON
OB proximity margin 0.5 ATR
Warning OB behavior "Mark with X"
Min SL distance beyond C1 0.5 ATR
R:R 1.7
Box extension 30 bars
🔔 Recommended alerts
Enable these alerts in TradingView:
✅ Buy Confirmed / Sell Confirmed
✅ Buy + Order Block / Sell + Order Block (strongest signals)
✅ Buy - Opposite OB Warning / Sell - Opposite OB Warning (to avoid false signals)
📋 Operational Checklist (M5 — R:R 1.7)
Before entering:
✅ The ★ signal is confirmed on a closed candle
✅ Price is on the correct side of the MA (or OB bypass applies)
✅ The "OB" confluence label is present (optional but preferable)
✅ There is NO opposite ⚠OB (otherwise skip or reduce size)
✅ The TP is far from obvious resistance/support levels
Management:
🎯 Entry at C3 close
🛑 Automatic SL (red box) — do not move it
🏁 Automatic TP (green box) at R:R 1.7
🔄 At +1R move SL to break-even
❌ If an opposite signal appears before TP → consider a manual exit
⚠️ Disclaimer
This script is not an automated trading system — it is a decision-support tool
The obRealtimeDraw parameter draws OBs even on the forming candle (repainting): disable it if you want only confirmed signals
Always test on demo and over a significant number of trades before trading with real capital
Size your position according to risk: never risk more than 1-2% of capital per trade
🎁 Quick Summary
Element Value
Pattern C1-C2-C3 (sweep + reclaim + breakout)
Timeframe M5
R:R 1:1.7
Filters MA (SMA 20) + Order Block + Displacement
BUY Signal ★ below + (OB or above MA)
SELL Signal ★ above + (OB or below MA)
Avoid Opposite ⚠OB
SL Beyond C1 ± 0.5 ATR
TP Entry ± (SL distance × 1.7)
Happy trading! 📈
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.