Bullish/Bearish Candelstick pattern — Indicator by BiO-618

trendanalysis candlestick pattern buy sell educational

Hey!
This time I took the pattern recognizer from a previous script I worked.

It overlays the Arrows on the chart.

Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal

NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete script.

I unticked:
Morning Star
Evening Star
Shooting Star
Bullish Harami (too bearish on corrective phase)
Hanging Man
Red Cloud Cover

Release Notes:

*Added background RSI overbought/oversold signal to the price chart. You can untick it if you want!

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.

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