OPEN-SOURCE SCRIPT
382 Detector with Arrows
This indicator searches for all 382 candles on the chart.
For a bullish 382 candle, it means that the body of the candle (open to close) are on the top 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bullish pattern because the buyers are in control and pushed for higher prices at the close of the bar.
On the other hand, a bearish 382 candle, the body of the candle (close to open) are on the bottom 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bearish pattern because the sellers are in control and pushed for lower prices at the close of the bar.
If a bullish 382 candle is detected, a light blue arrow will be displayed on the bottom of the candlestick.
If a bearish 382 candle is detected, a pink arrow will be displayed on the top of the candlestick.
Please note that these are only candlestick pattern detectors and are by no means bullish or bearish trade signals. An upward arrow does not represent any long trade opportunity and similarly a downward arrow does not represent any short trade opportunity. These are just visual representation of candlestick patterns. Please trade at your own risk.
For a bullish 382 candle, it means that the body of the candle (open to close) are on the top 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bullish pattern because the buyers are in control and pushed for higher prices at the close of the bar.
On the other hand, a bearish 382 candle, the body of the candle (close to open) are on the bottom 38.2% of the entire candle (including the wick). Such candlestick pattern displays a bearish pattern because the sellers are in control and pushed for lower prices at the close of the bar.
If a bullish 382 candle is detected, a light blue arrow will be displayed on the bottom of the candlestick.
If a bearish 382 candle is detected, a pink arrow will be displayed on the top of the candlestick.
Please note that these are only candlestick pattern detectors and are by no means bullish or bearish trade signals. An upward arrow does not represent any long trade opportunity and similarly a downward arrow does not represent any short trade opportunity. These are just visual representation of candlestick patterns. Please trade at your own risk.
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.
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.
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.