Candles Pattens (v. 1.14) — Indicator by pilotgsms

candles pattens trading musthave candlestick

This script sows you candlestick patterns in real-time.
At that moment script knows Bearish/Bullish Engulf and Doji Points.
You can recommend me which pattens you want to see in next version at comment section below

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?

study(title="Candles Pattens", overlay=true)
// version: 1.14

delta = close - open
gap = open - close[1]
is_up = delta >= 0
high_len = is_up ? high - close : high - open
low_len = is_up ? open - low : close - low
mod_delta = delta<0 ? -delta:delta
avg_mod = (mod_delta + mod_delta[1] + mod_delta[2] + mod_delta[3] + mod_delta[4] + mod_delta[5] + mod_delta[6] + mod_delta[7] + mod_delta[8] + mod_delta[9])/10

// ENGULF
is_bearish_engulf = -delta > delta[1]*2 and delta[1] > 0 and delta < 0 and delta[2] > 0
is_bullish_engulf = delta > -delta[1]*2 and delta[1] < 0 and delta > 0 and delta[2] < 0
plotshape(is_bearish_engulf, style=shape.triangledown, location=location.abovebar, color=red, title='bearish_englf')
plotshape(is_bearish_engulf, style=shape.triangledown, location=location.abovebar, color=red, title='bearish_englf')
plotshape(is_bullish_engulf, style=shape.triangleup, location=location.belowbar, color=green, title='bullish_englf')

// DOJI
is_doji_up = delta*10 < mod_delta and (high-low) > mod_delta*10 and delta[1] < 0
is_doji_down = delta*10 < mod_delta and (high-low) > mod_delta*10 and delta[1] > 0
plotshape(is_doji_down, style=shape.triangledown, location=location.abovebar, color=red, title='doji_down')
plotshape(is_doji_down, style=shape.triangledown, location=location.abovebar, color=red, title='doji_down')
plotshape(is_doji_up, style=shape.triangleup, location=location.belowbar, color=green, title='doji_up')

// DOJI DRAGONFLY
is_doji_dr_up = delta*10 < mod_delta and low_len*10 < mod_delta and high_len > mod_delta*5 and delta[1] < 0
is_doji_dr_down = delta*10 < mod_delta and high_len*10 < mod_delta and low_len > mod_delta*5 and delta[1] > 0
plotshape(is_doji_dr_down, style=shape.triangledown, location=location.abovebar, color=red, title='doji_dr_down')
plotshape(is_doji_dr_down, style=shape.triangledown, location=location.abovebar, color=red, title='doji_dr_down')
plotshape(is_doji_dr_up, style=shape.triangleup, location=location.belowbar, color=green, title='doji_dr_up')

// 3 SAME TICK
//same_up = delta > mod_delta*2 and delta[1] > mod_delta[1]*2 and delta[2] > mod_delta[2]*2 and is_up 
//same_down = delta*2 < mod_delta and (high-low) > mod_delta*10 and delta[1] > 0
//plotshape(same_down, style=shape.triangledown, location=location.abovebar, color=red, title='3_same_down')
//plotshape(same_down, style=shape.triangledown, location=location.abovebar, color=red, title='3_same_down')
//plotshape(same_up, style=shape.triangleup, location=location.belowbar, color=green, title='3_same_up', offset=2)
//plotshape(same_up, style=shape.triangleup, location=location.belowbar, color=green, title='3_same_up')
//plotshape(same_up, style=shape.triangleup, location=location.belowbar, color=green, title='3_same_up', offset=1)