HPotter

Evening Star Automating finding script

This is a bearish reversal pattern formed by three candlesticks. The first
candlestick of the pattern is an up candlestick with a long real body, the
second is an up or down candlestick with a small real body which gaps higher
to form a star, the third is a down candlestick which closes below the midpoint
of the first candlestick.
Pattern is yellow

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 03/04/2014
//    This is a bearish reversal pattern formed by three candlesticks. The first 
//    candlestick of the pattern is an up candlestick with a long real body, the 
//    second is an up or down candlestick with a small real body which gaps higher 
//    to form a star, the third is a down candlestick which closes below the midpoint 
//    of the first candlestick.
////////////////////////////////////////////////////////////

study(title = "Evening Star", overlay = true)
barcolor(close[2] > open[2] ? min(open[1], close[1]) > close[2] ? open < min(open[1], close[1]) ? close < open ? yellow :na : na : na : na, -1)