repo32

Candlesticks Patterns Identified

I was using another script that colored the bars to show the different candle patterns. Thanks to HPotter (https://www.tradingview.com/u/HPotter/). Unfortunately, I can't think that fast when looking across a screen of charts with different color bars. Fortunately, Tradingview came up with symbols and names on 2/26/15. I decided to take my favorite symbols and attach them to a name. This makes it easier to see what is going on and where your entry would be if it confirms. Works beautifully for me. Decided to share. I also added the ability to alter what shows up based upon a look back. A bullish engulfing at the top of a trend, or a bearish harami at the bottom of the trend, is nearly useless and clutters the chart. I have the default set for the open of the current bar to be higher or lower than the open from 5 bars back. You can adjust in the settings to what you like. This trend setting is on all the patterns except doji . If you want to see all the candle patterns, set it to "1".

The doji can be adjusted as well. I left some other patterns at the bottom of the script, but they are turned off. They became too much of a clutter for me. I prefer DovCaspi's pattern finder for hammers and stars: I use his due to the clean appearance.

The default script has: Doji , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing , Piercing Line, Bullish Belt, Bullish Kicker, and Bearish Kicker. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts .

If you would like the updated version, see the Related Ideas below:
Remover dos scripts favoritos Adicionar aos scripts favoritos
// Created by Robert N. 030715
// Candle labels
study(title = "Candles", overlay = true)

trend= input(5, minval=1, title="Trend in Bars")

DojiSize = input(0.05, minval=0.01, title="Doji size")
data=(abs(open - close) <= (high - low) * DojiSize)
plotchar(data, title="Doji", text='Doji', color=white)

data6=(close[1] > open[1] and open > close and open <= close[1] and open[1] <= close and open - close < close[1] - open[1] and open[trend] < open)
plotshape(data6, title= "Bearish Harami", color=red, style=shape.arrowdown, text="Bearish\nHarami")

data7=(open[1] > close[1] and close > open and close <= open[1] and close[1] <= open and close - open < open[1] - close[1] and open[trend] > open)
plotshape(data7,  title= "Bullish Harami", location=location.belowbar, color=lime, style=shape.arrowup, text="Bullish\nHarami")

data8=(close[1] > open[1] and open > close and open >= close[1] and open[1] >= close and open - close > close[1] - open[1] and open[trend] < open)
plotshape(data8,  title= "Bearish Engulfing", color=red, style=shape.arrowdown, text="Bearish\nEngulfing")

data9=(open[1] > close[1] and close > open and close >= open[1] and close[1] >= open and close - open > open[1] - close[1] and open[trend] > open)
plotshape(data9, title= "Bullish Engulfing", location=location.belowbar, color=lime, style=shape.arrowup, text="Bullish\nEngulfling")

upper = highest(10)[1]
data10=(close[1] < open[1] and  open < low[1] and close > close[1] + ((open[1] - close[1])/2) and close < open[1] and open[trend] > open)
plotshape(data10, title= "Piercing Line", location=location.belowbar, color=lime, style=shape.arrowup, text="Piercing\nLine")

lower = lowest(10)[1]
data11=(low == open and  open < lower and open < close and close > ((high[1] - low[1]) / 2) + low[1] and open[trend] > open)
plotshape(data11, title= "Bullish Belt", location=location.belowbar, color=lime, style=shape.arrowup, text="Bullish\nBelt")

data12=(open[1]>close[1] and open>=open[1] and close>open and open[trend] > open)
plotshape(data12, title= "Bullish Kicker", location=location.belowbar, color=lime, style=shape.arrowup, text="Bullish\nKicker")

data13=(open[1]<close[1] and open<=open[1] and close<=open and open[trend] < open)
plotshape(data13, title= "Bearish Kicker", color=red, style=shape.arrowdown, text="Bearish\nKicker")

//data14=(((high-low>4*(open-close))and((close-low)/(.001+high-low)>=0.75)and((open-low)/(.001+high-low)>=0.75))and open[trend] < open and high[1] < open and high[2] < open)
//plotshape(data14,  title= "Hanging Man", color=red, style=shape.arrowdown, text="Hanging\nMan")

//data2=(close[2] > open[2] and min(open[1], close[1]) > close[2] and open < min(open[1], close[1]) and close < open )
//plotshape(data2, title= "Evening Star", color=red, style=shape.arrowdown, text="Evening Star")

//data3=(close[2] < open[2] and max(open[1], close[1]) < close[2] and open > max(open[1], close[1]) and close > open )
//plotshape(data3,  title= "Morning Star", location=location.belowbar, color=lime, style=shape.arrowup, text="Morning\nStar")

//data4=(open[1] < close[1] and open > close[1] and high - max(open, close) >= abs(open - close) * 3 and min(close, open) - low <= abs(open - close))
//plotshape(data4, title= "Shooting Star", color=red, style=shape.arrowdown, text="Shooting\nStar")

//data5=(((high - low)>3*(open -close)) and  ((close - low)/(.001 + high - low) > 0.6) and ((open - low)/(.001 + high - low) > 0.6))
//plotshape(data5, title= "Hammer", location=location.top, color=white, style=shape.diamond, text="Hammer")

//data5b=(((high - low)>3*(open -close)) and  ((high - close)/(.001 + high - low) > 0.6) and ((high - open)/(.001 + high - low) > 0.6))
//plotshape(data5b, title= "Inverted Hammer", location=location.top, color=white, style=shape.diamond, text="Inverted\nHammer")


I will like to have a description of the candlestick pattern show in a bubble when I hover on the name. Could you please tell me how to do this on PineScript?
+1 Resposta
repo32 lanredocemo
@lanredocemo, Honestly, that is a good idea. I just don't know if that is a feature available in PineScript.
+2 Resposta
I'm looking for the same type script for think or swim, I will admit that I have struggled with reading candles for a couple of years now. Every time I thought I could read them.
Resposta
repo32 stoltze816
@stoltze816, I have found the best resource to be Bigelow. He is the master at candlesticks. His site: http://candlestickforum.com/PPF/Parameters/11_7193_/candlestick.asp
Good luck! The cost is so small for TradingView, I just use it here. I trade on IB, OptionsHouse, and TradeStation. All charting is here.
+1 Resposta
Psynched repo32
@repo32, his system and training is excellent, he is patient, and will change your trading game. His humor is a bit off, but his super simple rules have made tech analysis much, much easier. I can make most of my decisions based on charts on an iphone. Check him out. Also the amount of info he gives away for free is crazy.
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repo32 Psynched
@Psynched, Very nice! Thank you for the info
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Please tell me which software this code is for?
+1 Resposta
repo32 LeHoangTung
It is for TradingView.
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NicholasB LeHoangTung
pine editor, trading view charts
Resposta
So did KirillTrade036477 use your code from the version with the trend filter? Or did you use his code? I'm confused :)

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