OPEN-SOURCE SCRIPT
Swing Highs/Lows & Candle Patterns[LuxAlgo] [Filtered]
Swing Highs/Lows & Candle Patterns [LuxAlgo] - Tweaked Version
This indicator is a customized and enhanced version of LuxAlgo’s original Swing Highs/Lows & Candle Patterns indicator. It identifies and labels critical swing high and swing low points to help visualize market structure, alongside detecting key reversal candlestick patterns such as Hammer, Inverted Hammer, Bullish Engulfing, Hanging Man, Shooting Star, and Bearish Engulfing.
With added options to selectively display only Lower Highs (LH) and Higher Lows (HL), this tweaked version offers greater flexibility for traders focusing on specific market dynamics. Users can also customize the lookback length and label styling to fit their preferences.
Credit to LuxAlgo for the original concept and foundation of this powerful tool, which this script builds upon to support more tailored technical analysis. Ideal for swing traders and technical analysts seeking improved entry and exit signals through a combination of price swings and candlestick pattern recognition.
This indicator is a customized and enhanced version of LuxAlgo’s original Swing Highs/Lows & Candle Patterns indicator. It identifies and labels critical swing high and swing low points to help visualize market structure, alongside detecting key reversal candlestick patterns such as Hammer, Inverted Hammer, Bullish Engulfing, Hanging Man, Shooting Star, and Bearish Engulfing.
With added options to selectively display only Lower Highs (LH) and Higher Lows (HL), this tweaked version offers greater flexibility for traders focusing on specific market dynamics. Users can also customize the lookback length and label styling to fit their preferences.
Credit to LuxAlgo for the original concept and foundation of this powerful tool, which this script builds upon to support more tailored technical analysis. Ideal for swing traders and technical analysts seeking improved entry and exit signals through a combination of price swings and candlestick pattern recognition.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.