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Harmonic Patterns Based Trend FollowerEarlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯 Since it is trend following method, when price reaches bullish zone, then the trend is considered as bullish and when price reaches bearish zone, the trend is considered as bearish. 🎯 If price does not touch both regions, then trend remains unchanged. 🎯 Bullish and bearish zone will change as and when new patterns are formed. 🎲 Note Patterns are not created on latest pivot as last pivot will be unconfirmed and moving. Due to this, patterns appear after certain delay - patterns will not be real time. But, this is expected and does not impact the overall process. When new pattern formed When price breaks over the zones 🎲 Output 🎯 Patterns formed are drawn in blue coloured lines. Due to pine limitation of max 500 lines, older patterns automatically get deleted when new ones come. 🎯 Bullish Zone and Bearish Zone are plotted in green and red colours and the zone will change whenever new pattern comes along. 🎯 Bar colors are changed according to calculated trend. Trend value can be 1 or -1 based on the current trend. You can also find the value in data window. 🎯 For simplicity purpose, input option for selection of specific patterns are not provided and also pattern names are not displayed on the chart.
Pine Script® indicator
by Trendoscope
35
Fake breakHi Traders, I've developed an indicator which can detect fake-breaks on the chart. In the following you'll find the definition of the fake break candles and also you will find how to recognize it on the chart with practical examples. What is the fake break pattern? Sometimes support and resistance lines broke with a full body and strong candles that gives us the idea of sharp movements on the chart but suddenly the next candle returns all the path of the previous candle. in this case we can say fake break is happening on the chart. This indicator detect fake break patterns based on two criteria: 1. It uses AverageTrueRange indicator to measure the strength of the pattern. 2. The returning candle should engulf minimum 75% of the break candle. This indicator plot 2 terms in the name of "FB-D" and "FB-U" that are abbreviations of the "Fake Break Down" and "Fake Break Up". You can also set alerts to get notified when fake breakout happens on the chart. Notice: This pattern is only acceptable in valid support and resistance zones and you can not rely on it everywhere on the chart (specially in the middle of the waves). Notice: The source code of this indicator is open and you are allowed to use it on your scripts by mentioning the name of author. Disclaimer: This is not a financial advice or any signal to buy or sell, the goal of developing such an indicator is to use for educational purposes.
Pine Script® indicator
by salarkamjoo
9
Quasimodo Pattern by EmreKbThis indicator show the quasimodo patterns on the chart. Quasimodo pattern (QML) is the reversal pattern. This looks like head and shoulder pattern but this have two difference. On the quasimodo, second neck should be lower/higher (lower for the bearish, higher for the bullish) and quasimodo has no second shoulder. Usually QML line is an entry and head point is a stoplos. Zigzag length is a length for the zigzag calculation.
Pine Script® indicator
by EmreKb
57
Volume Impulse & Candlestick Patterns - FontiramisuIndicator showing volume impulse & engulfing candlestick pattern. You can set up multiple parameter for both events. Volume Impulse : Volume Period : Lenght of the average volume calculated. Volume Multiplier : Factor to compare actual volume with average volume. Engulfing Pattern : VS avg body : Let you chose to compare body candle to average body of the last few candles (define with parameter : lenghtSizeAvgBody ), otherwise it will be compared to the last body candle. Engulfing Multiplier : Factor to compare and validate the pattern.
Pine Script® indicator
by Fontiramisu
7
Naked Bar Upward ReversalAMEX:SPY The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the next open above the inside candle's close. This is a bullish reversal pattern and should be used in this context. Successful entries are found in corrections along an upward trend, or buying into a dip. Performance drops when the pattern appears at tops. To improve profitability, use a cluster of evidence to enhance the performance of this pattern. The intended time frame is within the daily and weekly.
Pine Script® indicator
by MrDevDevy
3
Harmonic Pattern Educational Volume 0 (Source Code)This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. Gartley and Butterfly patterns were ideal patterns explained from The Harmonic Trader written by Scott M Carney. Some values are further updated later in Harmonic Trading: Volume Three, also by Scott M Carney. The Harmonic Trader book was also known as Harmonic Trading: Volume Zero. Usually Bullish Patterns show as "M" shape while Bearish Patterns show as "W" shape. ";" indicates range, example : 1.27;1.618 meaning that value between 1.27 to 1.618. Indikator ini bertujuan sebagai pendidikan sahaja untuk Harmonic Pattern menggunakan XABCD Pattern Tool. Pattern Gartley dan Butterfly, juga sebagai pattern ideal telah diterangkan dari buku The Harmonic Trader ditulis oleh Scott M Carney. Beberapa nilai kemudiannya telah dikemaskini dalam Harmonic Trading: Volume Three, juga oleh Scott M Carney. Buku The Harmonic Trader book juga dikenali sebagai Harmonic Trading: Volume Zero. Kebiasaanya Bullish Pattern tunjuk sebagai bentuk "M" manakala Bearish Pattern tunjuk sebagai bentuk "W". ";" menunjukkan range, contoh : 1.27;1.618 bermaksud nilai 1.27 hingga 1.618. Indicator features : 1. List XAB=CD patterns including ratio and reference page. 2. For desktop display only, not for mobile. Kemampuan indikator : 1. Senarai XAB=CD pattern termasuk ratio and rujukan muka surat. 2. Untuk paparan desktop sahaja, bukan untuk mobile. FAQ 1. Credits / Kredit Scott M Carney, The Harmonic Trader 2. Pattern and Chapter involved / Pattern dan Bab terlibat Bullish Ideal Gartley - Page 160 Bearish Ideal Gartley - Page 171 Bullish Ideal Butterfly - Page 194 Bearish Ideal Butterfly - Page 204 3. Code Usage / Penggunaan Kod Free to use for personal usage but credits are most welcomed especially for credits to Scott M Carney. Bebas untuk kegunaan peribadi tetapi kredit adalah amat dialu-alukan terutamanya kredit kepada Scott M Carney. Bullish (M) / Bearish (W) Ideal Gartley Bullish (M) / Bearish (W) Ideal Butterfly
Pine Script® indicator
by RozaniGhani-RG
1
GMS: Candlestick Patterns with RSI FilterI wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing. You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns. The candlestick patterns included are: 1. Long Upper Shadow 2. Long Lower Shadow 3. Doji 4. Bullish Harami 5. Bearish Harami 6. Bullish Engulfing 7. Bearish Engulfing Hope it helps! Andre
Pine Script® indicator
by GlobalMarketSignals
4
3LL+Baby & 3HH+Baby Pattern3LL+Baby & 3HH+Baby Pattern Indicator Overview This indicator identifies powerful reversal patterns based on momentum exhaustion and inside bar formations. It detects two specific candlestick patterns that signal potential trend reversals: the bullish 3LL+Baby and the bearish 3HH+Baby. Pattern Descriptions 📈 3LL+Baby Pattern (Bullish Reversal) Conditions: Three consecutive candles form lower lows (each low is lower than the previous) The fourth candle is bullish/green (closes higher than it opens) The fourth candle is completely contained within the third candle's range (both high and low) Interpretation: After a downward momentum with three lower lows, a bullish inside bar (baby candle) suggests sellers are exhausted and buyers may be taking control. This pattern often precedes upward reversals. 📉 3HH+Baby Pattern (Bearish Reversal) Conditions: Three consecutive candles form higher highs (each high is higher than the previous) The fourth candle is bearish/red (closes lower than it opens) The fourth candle is completely contained within the third candle's range (both high and low) Interpretation: After upward momentum with three higher highs, a bearish inside bar indicates buyers are losing strength and sellers may be gaining control. This pattern often signals potential downward reversals. Features Visual Signals Green Triangle (↑): Appears below bars when 3LL+Baby pattern is detected Red Triangle (↓): Appears above bars when 3HH+Baby pattern is detected Labels: Clear text labels identifying each pattern type Background Highlighting: Subtle background colors (green for bullish, red for bearish) Customization Options Toggle labels on/off Toggle arrow signals on/off Enable/disable bullish patterns independently Enable/disable bearish patterns independently How to Use Add to Chart: Apply the indicator to any timeframe and instrument Configure Settings: Adjust visibility options based on your preference Set Alerts: Create alerts for immediate pattern notifications Trading Strategy: 3LL+Baby : Consider long positions or closing shorts 3HH+Baby: Consider short positions or closing longs Always confirm with additional analysis and risk management Best Practices Use in conjunction with support/resistance levels Combine with volume analysis for confirmation Works on all timeframes (higher timeframes generally more reliable) Apply proper risk management and stop-loss orders Consider the broader market context and trend
Pine Script® indicator
by JPRockzzz
3
Candlestick PatternsWhat It Does: Automatically identifies and displays: 🟢 16+ Bullish patterns (Hammer, Engulfing ↑, Morning Star, etc.) 🔴 Bearish patterns (Shooting Star, Engulfing ↓, Evening Star, etc.) 🔵 Break & Retest signals (70-80% win rate setups) ⚪ Neutral patterns (Doji, Spinning Top - indecision) 🎯 Automatic alerts for all major patterns Purpose: Shows you exactly when reversals are likely and identifies the highest-probability entry points (Break & Retest).Key Patterns:Bullish (Green labels above/below): HAMMER - Long lower wick, small body (reversal from bottom) ENGULF ↑ - Big green candle swallows previous red (strong reversal) MORNING★ - Three candles: red, doji, green (major bottom) 3 BULLS - Three consecutive green candles (strong momentum) PIERCE - Green closes above 50% of previous red RETEST ↑ (BEST!) - Price broke resistance, pulled back, bounced (cyan circle) Bearish (Red labels above/below): SHOOT★ - Long upper wick, small body (reversal from top) ENGULF ↓ - Big red candle swallows previous green (strong reversal) EVENING★ - Three candles: green, doji, red (major top) 3 BEARS - Three consecutive red candles (strong momentum) DARK☁ - Red closes below 50% of previous green RETEST ↓ (BEST!) - Price broke support, bounced back, rejected (orange circle) Neutral: DOJI - Indecision, potential reversal coming SPINNING TOP - Small body, long wicks (indecision) Best Practices:✅ Wait for confirmation - Don't trade pattern alone, check context ✅ Combine patterns - Retest + Candlestick = 80%+ win rate ✅ Check trend - Bullish patterns in uptrend work best ✅ Volume matters - Larger patterns with volume = stronger ✅ Fresh retests - First retest after break = highest probability ✅ Use alerts - Set alerts for Engulfing, Retest, Morning/Evening Star ✅ Size matters - Bigger candles = stronger signals❌ Don't trade every pattern - Quality over quantity ❌ Don't ignore context - Hammer at resistance = weak signal ❌ Don't trade against trend - Bearish in strong uptrend = risky ❌ Don't skip stop loss - Always protect your trades ❌ Don't trade small patterns - Need clear, visible patterns
Pine Script® indicator
by ognenmitev
Wolfe Wave PatternHello All! For a while now, some of my followers have been asking me to develop Wolfe Wave Pattern . Here it's at your service as open-source and public indicator. How it works? - On each bar/tick it checks zigzag waves by using base period and updates the array that is used to keep zigzag levels and locations. Base period in the settings is the minimum zigzag period - Then it searches if there is new bullish/bearish Wolfe Wave pattern according to last wave direction - Before searching the pattern it calculates all possible 1234 waves. So any wave in 12345 uses base period or higher. it means that it search all possible candidates. This algorithm is much better than using a few zigzag periods. - After getting all possible candidates, it checks if any of the found candidates is suitable for Wolfe Wave pattern and keeps them in a matrix - if there are suitable candidate(s) it shows the latest one and triggers the alert - it also follows the targets and if the price hits any of the target it extends the line and trigger the alert - it doesn't check if any of the patterns hits stop-loss. Options: Base Period: minimum period to create the zigzag Error Rate: there are usually so few perfect patterns, so we better consider deviation. if error rate is low than it finds less pattern with more accuracy, if error rate is high than it finds more pattern with less accuracy - The other options are used for coloring the patterns and lines Some examples: P.S. I didn't have enough time to test the indicator, so please drop a comment if you see any issue while using it Enjoy!
Pine Script® indicator
by LonesomeTheBlue
7
Candlestick Pattern Detector (v8)Indicator Description – Candlestick Pattern Detector (v8) This indicator automatically detects and highlights some of the most popular candlestick reversal and continuation patterns directly on the chart. It’s designed for traders who want clear visual signals for price action setups without having to scan every candle manually. Patterns Included: Bullish Engulfing – Strong bullish reversal when a green candle fully covers the previous red candle. Bearish Engulfing – Strong bearish reversal when a red candle fully covers the previous green candle. Morning Star – A 3-candle bullish reversal pattern, signalling exhaustion of selling pressure. Evening Star – A 3-candle bearish reversal pattern, signalling exhaustion of buying pressure. Three White Soldiers – Three consecutive strong bullish candles with small wicks, often showing trend continuation. Three Black Crows – Three consecutive strong bearish candles with small wicks, often marking trend continuation. Hammer – A bullish rejection candle with a small body and a long lower wick, usually after a downtrend. Inverted Hammer – A potential bullish reversal candle with a small body and a long upper wick. Features: Labels on chart: Each detected pattern is marked with a label (e.g., Bull Engulf, Morning Star, 3WS, Hammer). Colored candles: Optionally colors bars when patterns appear (green for bullish, red for bearish). Engulfing mode toggle: Choose between strict wick-to-wick engulfing or body-only engulfing. Customizable display: Toggle individual patterns on/off to focus on the setups you use. Why use this indicator? Candlestick formations provide insight into market psychology and momentum shifts. By automating the detection of these patterns, this tool helps traders: Spot potential reversals early. Confirm trade setups with clear visual cues. Save time manually checking each candle. ⚠️ Disclaimer: This indicator is for educational and analysis purposes only. It does not provide financial advice or guarantee profitability. Always combine candlestick signals with broader technical/fundamental analysis and risk management.
Pine Script® indicator
by Altitudeinvestments
Candlestick Patterns Backtester [Optimized]Candlestick Patterns Backtester What this is: This indicator is based on a really cool candlestick pattern backtester that I found (I'll update this later when I remember where I got it from or find the actual author). The original had this massive table showing win/loss ratios for a bunch of candlestick patterns, and according to the built-in backtester, it was actually profitable - which was pretty impressive. The Problem: I played around with the original for a while but honestly wasn't really able to get it to work well at all for actual trading. It was still pretty cool to look at though! The main issues were: It was just a big static table - hard to do anything useful with it Couldn't send signals out to other strategies The code was a monster - like 2,000+ lines of repetitive mess What I Did: I completely refactored this thing and got it down from 2,000+ lines to just a few hundred lines. Much cleaner now! Here's what it does: 45+ Candlestick Patterns - All the classics are in there Dynamic Filtering - Set your own requirements (minimum win rate, profit factor, total trades, etc.) Flexible Logic - Choose AND/OR logic for your filters Signal Generation - Creates actual buy/sell signals you can use with other strategies Visual Badges - Shows pattern badges on chart when they meet your criteria Active Patterns Table - Only shows patterns that are currently profitable based on your settings Settings You Can Adjust: Minimum win rate threshold Minimum profit factor Minimum number of trades required Whether to use AND or OR logic for filtering Colors, badge display, debug options Reality Check: Trading these patterns really wasn't for me, but it was still a great learning experience. The backtesting results look good on paper, but as always, past performance doesn't guarantee future results. Use this as a research tool and educational resource more than anything else. Credit: This is based on someone else's original work that I heavily modified and optimized. I'll update this description once I track down the original author to give proper credit where it's due. This introduction captures your casual, honest tone while explaining the technical improvements you made and setting realistic expectations about the indicator's practical use.
Pine Script® indicator
by citysideinc
Rapid Candle PATTERNSIndicator Title: Rapid Candle Patterns - High-Probability Signals Description Tired of noisy charts filled with weak and ambiguous candlestick patterns? The Rapid Candle Patterns indicator is engineered to solve this problem by moving beyond simple textbook definitions. It identifies only high-probability reversal and continuation signals by focusing on the underlying market dynamics: momentum, liquidity, and confirmation. This is not just another pattern indicator; it's a professional-grade tool designed to help you spot truly significant price action events. How The Logic Works & Why It's More Accurate Each pattern in this script has been enhanced with stricter, more intelligent rules to filter out noise and reduce false signals. Here’s what makes our logic superior: 1. The Liquidity Grab Hammer & Inverted Hammer Standard Logic: A simple hammer shows a long lower wick, suggesting buyers pushed the price back up. Our Enhanced Logic: We don't just look for a hammer shape. Our signal is only valid if the hammer’s low takes out the low of the previous candle (a "liquidity grab" or "stop hunt"). Why It's More Accurate: This sequence is incredibly powerful. It shows that sellers attempted to push the market lower, triggered stop-loss orders below the prior low, and then were decisively overpowered by buyers who reversed the price. This isn't just a reversal; it's a failed breakdown, often trapping sellers and fueling a stronger move in the opposite direction. 2. The "True" Bullish & Bearish Harami Standard Logic: A small candle forms within the high-low range of the previous candle. This can often be misleading if the prior candle has long wicks and a tiny body. Our Enhanced Logic: We enforce a "dual containment" rule. For a Harami to be valid, its body must be contained within the body of the previous candle. We also ensure the Harami candle itself is not a Doji, meaning it must show some conviction. Why It's More Accurate: This ensures you are seeing a genuine and significant contraction in momentum. It filters out scenarios where a large-bodied candle forms inside the wicks of a doji-like candle, which is not a true Harami. Our logic captures the "pregnant" pattern as it was intended—a moment of quiet consolidation before a potential new move. 3. The "Power" Bullish & Bearish Engulfing Standard Logic: A candle's body engulfs the body of the previous candle. This is a common signal, but it often lacks follow-through. Our Enhanced Logic: Our "Power Engulfing" requires two conditions: (1) The body must engulf the prior candle's body, AND (2) the candle must close beyond the entire high/low range of the prior candle. Why It's More Accurate: This is the ultimate sign of confirmation. It doesn't just show that one side has won the battle for the session; it proves they had enough force to break the entire structure of the previous candle. This signifies immense momentum and dramatically increases the probability that the trend will continue in the direction of the engulfing candle. 4. The Quantified Doji Our Logic: Instead of being a subjective pattern, a Doji is defined quantitatively. It's a candle whose body is less than or equal to a user-defined percentage (default 9%) of its total range. Why It's More Accurate: It provides a consistent and objective measure of market indecision. Furthermore, any candle identified as a Doji is automatically disqualified from being a Hammer, ensuring clear and distinct signals. User Customization Toggle Patterns On/Off: Declutter your chart by only showing the patterns you want to see. Fine-Tune Logic: Use the "Pattern Logic" settings to adjust the sensitivity of the Doji and Harami detectors to perfectly match your trading style, asset, and timeframe. Disclaimer: This indicator is a powerful tool for identifying high-probability price action. However, no single indicator is a complete trading system. Always use these signals as part of a comprehensive strategy, combined with analysis of market structure, support/resistance levels, and other forms of confluence.
Pine Script® indicator
by rapidtradecrl
6
Engulfing Candle Pattern (Strict)Indicator Name : Engulfing Candle Pattern (Strict) Purpose : The Engulfing Candle Pattern Indicator is designed to identify and visually mark bullish and bearish engulfing patterns on a price chart. These patterns are powerful reversal signals in technical analysis, often used by traders to spot potential trend changes. The indicator ensures strict adherence to the definition of engulfing patterns, making it reliable for identifying high-probability setups. What It Does : Identifies Engulfing Patterns : The indicator scans the price data for candles that meet the criteria of either a bullish engulfing or bearish engulfing pattern . A bullish engulfing occurs when a green (bullish) candle fully engulfs the body and wicks of the previous red (bearish) candle and closes above its high. A bearish engulfing occurs when a red (bearish) candle fully engulfs the body and wicks of the previous green (bullish) candle and closes below its low. Marks Patterns Visually : Bullish engulfing patterns are marked with a green upward triangle below the candle. Bearish engulfing patterns are marked with a red downward triangle above the candle. Optional labels ("Bullish" or "Bearish") provide additional context. Highlights Candles : Engulfing candles are highlighted with semi-transparent colors: Green for bullish engulfing. Red for bearish engulfing. Ensures Strict Conditions : The current candle must fully cover the entire body and wicks of the previous candle. The current candle must close above the previous candle's high (for bullish) or below the previous candle's low (for bearish).
Pine Script® indicator
by gomaa199910
Candlestick Pattern ScannerCandlestick Pattern Scanner This indicator identifies popular candlestick patterns on the chart and provides visual and alert-based support for traders. Based on technical analysis, it provides insights into potential trend reversals or continuation signals in price action. The following patterns are detected and marked: 1. Bullish Engulfing Definition: Considered a strong bullish signal. A small red candle is followed by a large green candle that completely engulfs the previous one. Chart Display: Marked with a green arrow below the price bar. Alert Message: "Bullish Engulfing Pattern Detected!" 2. Bearish Engulfing Definition: Considered a strong bearish signal. A small green candle is followed by a large red candle that completely engulfs the previous one. Chart Display: Marked with a red arrow above the price bar. Alert Message: "Bearish Engulfing Pattern Detected!" 3. Doji Definition: Indicates indecision in the market. The candlestick has an opening and closing price that are almost the same, forming a very small body. Chart Display: Marked with a blue triangle below the price bar. Alert Message: "Doji Pattern Detected!" 4. Hammer Definition: Can signal a strong bullish reversal. It has a long lower shadow and a small body, often appearing at the end of a downtrend. Chart Display: Marked with an orange triangle below the price bar. Alert Message: "Hammer Pattern Detected!" 5. Shooting Star Definition: Can signal a strong bearish reversal. It has a long upper shadow and a small body, often appearing at the end of an uptrend. Chart Display: Marked with a purple triangle above the price bar. Alert Message: "Shooting Star Pattern Detected!" Features: Visual Support: Patterns are clearly marked on the chart using distinct shapes (arrows and triangles). Alerts: Receive real-time notifications through TradingView’s alert system when a pattern is detected. Versatility: Useful for identifying both trend reversals and continuation signals. User-Friendly: Patterns are easily distinguishable with unique color coding. Purpose: This indicator helps traders identify potential reversal points or strong trend beginnings in price action. It can be used as a supportive tool in scalping, swing trading, or long-term investment strategies.
Pine Script® indicator
by Kadri61
Swing Failure Pattern [UAlgo]🔶 Description: The Swing Failure Pattern (SFP)o aims to identify potential reversal points in price action by detecting instances where price attempts to break past a previous high or low but fails to sustain that momentum, often indicating a shift in market sentiment. 🔶 Key Features: Swing Failure Pattern Identification: The indicator identifies Swing Failure Patterns where price attempts to breach a recent high or low but fails to maintain that momentum, potentially signaling a reversal. Customizable Lookback Period: Traders can adjust the lookback period to define the range within which Swing Failure Patterns are identified. Minimum Bars Between SFP: This feature allows users to set a minimum number of bars required between Swing Failure Patterns to filter out noise and improve the accuracy of signals. RSI Confluence: Traders have the option to incorporate RSI (Relative Strength Index) confluence into the signals, filtering SFP signals based on overbought and oversold levels of RSI. This adds an additional layer of confirmation to potential reversal points. Example : without Confluence : with Confluence: Customizable RSI Parameters: Users can customize the length of the RSI period as well as define overbought and oversold levels according to their trading strategy. Visual Alerts: The indicator provides visual alerts on the price chart using labels to highlight potential Swing Failure Patterns, aiding traders in identifying these patterns quickly and efficiently. Disclaimer: Please note that the Swing Failure Pattern indicator is provided for informational purposes only and should not be considered as financial advice. Trading involves substantial risk, and users should conduct their own research and analysis or consult with a financial advisor before making any investment decisions based on this indicator. Additionally, past performance is not indicative of future results.
Pine Script® indicator
by UAlgo
4
Japanese Candle Patterns Detector in Potential Price ZoneThis script would find the 8 famous "Japanese Candle Stick Patterns" in your chart. Please be aware it find patterns in "Potential price zones" only, which help you to avoid none-important patterns during a price trend. I used RSI and ATR in my codes to find best candle forms and price conditions. *** This indicator shared before but without source code. According to follow requests, I publish it again with source codes. I hope it helps you in trading journey... Bellow patterns are detecting: Hammer | ShootingStar | Engulfing Candle | Doji | Tweezers Top/Buttom | Three White Soldiers/Three Black Crows | Marubozu | Harami * You can select your preferred patterns from indicator setting. * Pattern names are abbreviated for better view on chart. * Separate alerts for different type of candles for whom looking for a specific candle pattern * Main alert which notify about every kind of candle patterns detect in a chart
Pine Script® indicator
by UnknownUnicorn2078160
7
W and M Pattern Indicator- SwaGThis is a TradingView indicator script that identifies potential buy and sell signals based on ‘W’ and ‘M’ patterns in the Relative Strength Index (RSI). It provides visual alerts and draws horizontal lines to indicate potential trade entry points. User Manual: Inputs: The script takes two inputs - an upper limit and a lower limit. The default values are 70 and 40, respectively. RSI Calculation: The script calculates the RSI based on the closing prices of the last 14 periods. Pattern Identification: It identifies ‘W’ patterns when the RSI makes a higher low within the lower limit, and ‘M’ patterns when the RSI makes a lower high within the upper limit. Visual Alerts: The script plots these patterns on the chart. ‘W’ patterns are marked with small green triangles below the bars, and ‘M’ patterns are marked with small red triangles above the bars. Trade Entry Points: A horizontal line is drawn at the high or low of the candle to represent potential trade entry points. The line starts from one bar to the left and extends 10 bars to the right. Trading Strategy: For investing, use a weekly timeframe. For swing trading, use a daily timeframe. For intraday trading, use a 5 or 15-minute timeframe. Only consider sell-side signals for intraday trading. Take a buy position if the high breaks above the green line or sell if the low breaks below the red line. Use recent signals only and avoid signals that are too old. Swing highs or lows will be your stop-loss level. Always think about your stop-loss before entering a trade, not your target. Avoid trades with a large stop-loss. Remember, this script is a tool to aid in your trading decisions. Always test your strategies thoroughly before live trading. Happy trading! 😊
Pine Script® indicator
by swagato25
All Candlestick Patterns Screener [By MUQWISHI]▋ INTRODUCTION : The Candlestick Patterns Screener has been designed to offer an advanced monitoring solution for up to 40 symbols. Utilizing a log screener style, it efficiently gathers information on confirmed candlestick pattern occurrences and presents it in an organized table. This table includes essential details such as the symbol name, signal price, and the corresponding candlestick pattern name. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: Credit to public technical “*All Candlestick Patterns*” indicator. _______________________ ▋ USAGE: _______________________ ▋ Final Comments: For best performance, add the Candlestick Patterns Screener on active symbol chart like QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD or …etc. Candlestick patterns are not a major concept to build a trading decision. Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action. Please let me know if you have any questions. Thank you.
Pine Script® indicator
by MUQWISHI
17
Recursive Reversal Chart Patterns [Trendoscope]Caution: This algorithm is very heavy and bound to cause timeouts. If that happens, there are few settings you can change to reduce the load. (Will explain them in the description below) 🎲 Recursive Reversal Chart Patterns Indicator Welcome to another exploration of Zigzag and Pattern ecosystem components. Previously we derived Pitchfork and Recursive Zigzag indicators. This indicator is designed to scan and highlight few popular "Reversal Chart Patterns". Similar to other indicators in the ecosystem, this too is built on recursive zigzags. Double Taps Triple Taps Cup and Handles Head and Shoulders Indicator however names the patterns separately for bullish and bearish formations. So, the actual names you see on the screen are Double Top Double Bottom Triple Top Triple Bottom Cup and Handle Inverted Cup and Handle Head and Shoulders Inverse Head and Shoulders Here is a snapshot on how each category of patterns look on the chart. 🎲 Architecture Many of you may be cursing me for publishing too many libraries. But, these are all preparations for something big. Like other indicators in the Zigzag and Patterns Ecosystem, this too uses a bunch of libraries. 🎯Major direct dependencies ZigzagTypes ZigzagMethods ReversalChartPatternLibrary 🎯Indirect dependencies DrawingTypes DrawingMethods 🎯Minor dependencies Utils TradeTracker 🎲 Indicator Settings 🎯Generic and Zigzag Settings. Note: In case of timeout, please decrease the value of depth parameter 🎯Pattern Selection Having all the patterns selected on chart may also cause timeouts and will make the chart look messy. It is better to limit one or two patterns on the chart to have clear picture. 🎯Scanner Settings 🎯Indicators. These are options to use indicators as secondary confirmation to calculate divergence. If selected, the patterns are shown only if the divergence data is inline. Option also available to plugin external indicator. These calculations are not straightforward and not easy to measure by manual inspection. This feature at present is purely experimental. Have a go and let me know how you feel :)
Pine Script® indicator
by Trendoscope
47