PROTECTED SOURCE SCRIPT
Gap and Candle Pattern with Wick Condition

This script is designed to identify specific gap and candlestick patterns, incorporating wick conditions for enhanced accuracy. It detects gap up and gap down movements between candles, then looks for shooting star (bearish reversal) or hammer (bullish reversal) formations. Additionally, the script applies a condition where the wicks of these patterns must be longer than the previous candle’s range. When both the gap and wick criteria are met, the script generates signals for potential reversals in the market
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.