OPEN-SOURCE SCRIPT
find bulish patterns
In this script:
We continue to calculate the bullish engulfing condition for monthly candlesticks (engulfingConditionM) as before.
We then create two variables (engulfingConditionY and lastYear) to calculate the yearly engulfing condition.
We use an if statement to check if the year has changed compared to the previous bar. If it has, we update the engulfingConditionY variable; otherwise, we keep the previous year's value.
Finally, we plot the monthly and yearly signals on the chart.
This code allows you to work with monthly data and calculate yearly signals based on the monthly data available in TradingView. Please note that this is an approximation and not true yearly resolution data, but it's a common workaround used in TradingView Pine Script.
We continue to calculate the bullish engulfing condition for monthly candlesticks (engulfingConditionM) as before.
We then create two variables (engulfingConditionY and lastYear) to calculate the yearly engulfing condition.
We use an if statement to check if the year has changed compared to the previous bar. If it has, we update the engulfingConditionY variable; otherwise, we keep the previous year's value.
Finally, we plot the monthly and yearly signals on the chart.
This code allows you to work with monthly data and calculate yearly signals based on the monthly data available in TradingView. Please note that this is an approximation and not true yearly resolution data, but it's a common workaround used in TradingView Pine Script.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.