Candlestick Channels return channels whose extremities converge towards the price when a corresponding candlestick pattern is detected. This allows for us to obtain more reactive extremities in the presence of a cluster of candlestick patterns.
The detected candlestick patterns are also highlighted with labels on your chart automatically.
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...
This indicator is an all-in-one " The Strat " script. This script displays the following:
The Strat candle numbers (1's, 2's, & 3's)
The Strat Combo labels along with trigger line
Pivot Machine Gun ( PMG ) dynamic labels
Hammer & Shooter candle labels
The Strat Candle Numbers label each candle, on any timeframe, either a 1, 2, or 3. 1's are inside...
This script trades basic hammer and shooting star candlestick patterns.
It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs.
It is intended to be traded on the forex markets but theoretically should work on all...
Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script.
What are these candlestick patterns?
- A tweezers...
This script will help you to find Hammer candles and also Shooting star candles.
These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal.
I hope you find it helpful and enjoy it.
Please leave your comments for improving this script.
Built with love "Smarter Pullback + Candlestick Pattern"
This indiator will help you to find a Pullback + Candlestick Pattern, inspirated by Steven Hart
You can combine with your own strategy, or use this purely
Measure the risk first before use it in real market
Backtest The Strategy was very important, so you know the probability
This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart.
Options available for trend detection, lookback period, and selecting candle pattern.
The script combines my favorite signals then filters them with three EMAs.
Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below.
All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts...
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.
Hammer and Shooting Star Candle analysis >)
“The home crowd have been right behind their team and there are boos for the officials as they walk off at half-time. Elanga was unfortunate not to win the free-kick, although the clearer foul on him had come before the final tumble. He is entitled to think the ref would bring that back. Instead, United are a goal down.
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 aims to show elephant and shootingstar candles. Body for elephant are at least 70% of the whole candle. Shootingstar have a body of 35% times the lenht of the full candle. Both are searched with 1.3 Standard Deviations as noise within 100 bars. Colors are ploted if closes above/below 200 SMA
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...