OPEN-SOURCE SCRIPT
EvoluteTrading - Candle Patterns Pro
【CANDLE PATTERNS PRO】
This indicator helps identify multiple Japanese candlestick patterns in real-time, highlighting potential reversal and continuation signals through color-coded bars.
Key Features:
- Detects 13 major candlestick patterns
- Easy-to-read color highlighting system
- Customizable trend period and sensitivity
- Non-repainting signals
Patterns Detected:
✓ Engulfing Patterns (Bullish/Bearish)
✓ Harami Patterns (Bullish/Bearish)
✓ Morning & Evening Stars
✓ Hammer & Inverted Hammer
✓ Shooting Star
✓ Piercing Line & Dark Cloud Cover
✓ Kicker Patterns (Bullish/Bearish)
✓ Hanging Man
Settings:
- Pattern Trend Length: Adjusts the lookback period for trend confirmation
- Doji Size: Controls the sensitivity of pattern detection
This indicator is ideal for both beginners and experienced traders looking to enhance their technical analysis with classical candlestick patterns.
Note: Always use this indicator in conjunction with other forms of analysis and proper risk management.
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By EvolueTrading
This indicator helps identify multiple Japanese candlestick patterns in real-time, highlighting potential reversal and continuation signals through color-coded bars.
Key Features:
- Detects 13 major candlestick patterns
- Easy-to-read color highlighting system
- Customizable trend period and sensitivity
- Non-repainting signals
Patterns Detected:
✓ Engulfing Patterns (Bullish/Bearish)
✓ Harami Patterns (Bullish/Bearish)
✓ Morning & Evening Stars
✓ Hammer & Inverted Hammer
✓ Shooting Star
✓ Piercing Line & Dark Cloud Cover
✓ Kicker Patterns (Bullish/Bearish)
✓ Hanging Man
Settings:
- Pattern Trend Length: Adjusts the lookback period for trend confirmation
- Doji Size: Controls the sensitivity of pattern detection
This indicator is ideal for both beginners and experienced traders looking to enhance their technical analysis with classical candlestick patterns.
Note: Always use this indicator in conjunction with other forms of analysis and proper risk management.
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By EvolueTrading
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.
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Disclaimer
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