OPEN-SOURCE SCRIPT

Bearish Candles

Updated

Plots 6 different kinds of bearish candlesticks. I started with HPotter's previous work, added 4 other types of bearish Candlesticks and bunched them in one indicator.

Release Notes

I made the definitions more robust.

Release Notes

Improved identification patterns.
Markers can be used to identify patterns instead of bar coloring.
Descriptive text can be added to the markers.
Doji and Hammers can also be identified.

Keep in mind that Dark Cloud Cover, Evening Star and Hanging Man are only identified on the second bar following them and printed with an offset of -1 (which means back in time 1 bar), so you only know one has been identified after the fact.

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.

Want to use this script on a chart?

LucF

"The stock market is a device for transferring money from the impatient to the patient."
— Buffet

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