A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range. A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range. These candles should not be used by themselves...
This script detects the following candlestick patterns: Bullish Patterns: - Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bullrami (Altenate Bull Harami) Bearish Patterns: - Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bearami (Alternate Bear Harami) - Shooting Star How it works: -...
HG Scalpius H & SS Scan This indicator highlights hammer candles and shooting star candles based on the below definitions: Hammer = lower wick >= 2* real body and closes in top half of range Shooting Star = upper wick >= 2*real body and closes in bottom half of range hammer = (min(open,close)-low)>= (2*abs(open-close)) and close >...
This script gives you signals based on the shooting star and hammer patterns. You can customize how much bigger you want the wick of the candle to be than the body of the candle and how high the candle has to be compared to the x amount of candles back. We have also coded in alerts:)
What is the Ultimate Pullback Indicator? This indicator detects pullback trading opportunities by analyzing price action in a very specific manner. By combining simple trend filters with various advanced candlestick patterns it detects high-probability trend-continuation setups (and optional exits). If you use this script to set alerts then you will never...
Pin bar- Trading RoadMap Simple Script to show Up Pin Bar = Yellow Down Pin Bar = Black The Pin Bar Criteria: - The Shadow ≥ 2 X Body - Open And Close In The Top 33% Have a peaceful and profitable trading day 😊 Khaled Maziad
The script highlights the Hammer, Hanging Man, and Shooting Star candlesticks on the main chart screen. Please use an oscillator that shows oversold and overbought conditions with this script.
This script tries to identify the candles that have Hammer & Hanging Man & Inverted Hammer & Shooting Star patterns
I have redesigned the first candlestick patterns. This one works with most time frames... The only time frames that it have some difficulties is the 1min to 15min and only on the doji, because sometimes the doji doesnt have any points(pips) in movement. 1. This is a editable indicator. You can change all the colors the way you want them. I have changed my...
My first iteration of a script that ID's japanese candlestick patterns including: bullish_engulfing www.investopedia.com bearish_engulfing www.investopedia.com bullish_harami www.investopedia.com bearish_harami www.investopedia.com piercing_line (bullish) ...
This script will draw on your chart signs after detecting the following patterns: 1/2/3 Hammer Shooting Star Bullish Engulfing Bearish Engulfing And before that he will filter them by common technical rules
Script contains Inverted Hammer and Shooting Star models. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up. Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen. I have everything spelled out...
website: www.ersoytoptas.com Newspaper : tr.investing.com Please ... First !!! Your analysis after sicript
This script creates Hammer, Hanging man, Shooting star, Inverted hammer chart indicators. RED + CROSS = Sell GREEN + DOT = Buy
Hi Let me introduce my Shooting Star automatic finding script. This is a bearish reversal candlestick which occurs in an uptrend. It has a long upper shadow with little, or no lower shadow, and a small real body near the lows of the session.