OPEN-SOURCE SCRIPT
Candlestick Patterns
Short Description: Identify and visualize 16 key candlestick patterns in real-time.
Long Description:
The Candlestick Pattern Detector is a powerful indicator designed to help traders identify and visualize 16 key candlestick patterns in real-time. This indicator overlays the identified patterns on the chart, making it easy for traders to spot potential trend reversals, continuations, or significant price movements.
The indicator detects the following candlestick patterns:
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Bullish Piercing
Dark Cloud Cover
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Three White Soldiers
Three Black Crows
Bullish Marubozu
Bearish Marubozu
Each pattern is labeled on the chart with its respective name and color-coded to indicate whether it's a bullish (green) or bearish (red) signal. This makes it easy for traders to quickly spot patterns and make informed decisions based on the detected signals.
To use the Candlestick Pattern Detector, simply add it to your TradingView chart, and it will automatically highlight the identified patterns on the price chart. The patterns are identified based on well-established candlestick pattern recognition techniques, giving traders a reliable tool to aid their technical analysis.
Whether you're a seasoned trader or just starting, the Candlestick Pattern Detector can be a valuable addition to your trading toolkit, helping you to identify potential trading opportunities based on classic candlestick patterns.
Long Description:
The Candlestick Pattern Detector is a powerful indicator designed to help traders identify and visualize 16 key candlestick patterns in real-time. This indicator overlays the identified patterns on the chart, making it easy for traders to spot potential trend reversals, continuations, or significant price movements.
The indicator detects the following candlestick patterns:
Bullish Engulfing
Bearish Engulfing
Bullish Harami
Bearish Harami
Bullish Piercing
Dark Cloud Cover
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Three White Soldiers
Three Black Crows
Bullish Marubozu
Bearish Marubozu
Each pattern is labeled on the chart with its respective name and color-coded to indicate whether it's a bullish (green) or bearish (red) signal. This makes it easy for traders to quickly spot patterns and make informed decisions based on the detected signals.
To use the Candlestick Pattern Detector, simply add it to your TradingView chart, and it will automatically highlight the identified patterns on the price chart. The patterns are identified based on well-established candlestick pattern recognition techniques, giving traders a reliable tool to aid their technical analysis.
Whether you're a seasoned trader or just starting, the Candlestick Pattern Detector can be a valuable addition to your trading toolkit, helping you to identify potential trading opportunities based on classic candlestick patterns.
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