INVITE-ONLY SCRIPT

Candlestick Patterns

Updated
Candlestick Patterns

- Candlesticks are graphical representations of price movements for a given period of time.

- There are candlestick patterns that try to predict the final direction, caused by pressure between buyers and sellers.

As a general recommendation, use the candlestick patterns in the same direction of the current trend (continuations),
for reverse patterns we must expect the price to be over extended, for example,
that it is the highest or lowest value of (20-50) periods,
or that the RSI is overbought or oversold (14-50),
or that the price is far from its standard deviation.

- This indicator allows you to view more than 20 different patterns, some of them:

Doji
Engulfing
Hammer
Shooting Star
Inverted Hammer
Hanging Man
Morning Star
Evening Star
etc...

- The indicator allows displaying the full name of the pattern

snapshot

- It allows you to view the labels at the top of the chart, to avoid this affecting the technical analysis

snapshot





Release Notes
V 1.1 Alerts Added
candlestickpatternDojiengulfingbearishformationMoving AveragespatternspriceactionreversesignalTrend AnalysisVolatility

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Vertical-X for more information, or follow the author's instructions below.

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