I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming...
Bullish Engulfing candle that considers the length of the candle and the position of the candle in a downtrend.
Bearish Engulfing candle that considers the length of the candle and the position of the candle in an uptrend.
Let me introduce my Bullish Engulfing automatic finding script.
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the...
This is a simple script to show some information about the candles on your screen.
Currently it shows:
- Inside bars
- Bullish engulfing candles
- Bearish engulfing candles
Quick explanation about the settings:
- Wick to candle range ratio (default 0.7): Pinbar wick needs to be at least 70% of the candle range
- Part of wick that stands...
After accidentally violating house rules. I am republishing the script.
The script is based upon #TheStrat, which is Rob Smith's way of looking at price action.
It takes into account a candles ENTIRE range, wicks included.
So a Bullish candle (colored however you would like) when it closes will engulf the complete
range of the prior bar and indicate by...
This script will draw on your chart signs after detecting the following patterns:
And before that he will filter them by common technical rules