OPEN-SOURCE SCRIPT
Bullish/Bearish Candelstick pattern
Updated
Hey!
This time I took the pattern recognizer from a previous script I worked.
It overlays the Arrows on the chart.
Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal
NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete script.
I unticked:
Morning Star
Evening Star
Shooting Star
Bullish Harami (too bearish on corrective phase)
Hanging Man
Red Cloud Cover
This time I took the pattern recognizer from a previous script I worked.
It overlays the Arrows on the chart.
Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal
NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete script.
I unticked:
Morning Star
Evening Star
Shooting Star
Bullish Harami (too bearish on corrective phase)
Hanging Man
Red Cloud Cover
Release Notes
*Added background RSI overbought/oversold signal to the price chart. You can untick it if you want!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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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