HamStar Tweezer Engulfing Detector

Standard candle pattern identifier like many already available, however this one allows to filter with ATR or RVOL to help remove false signals.
Please comment any suggestions, questions or requests.

*Disclaimer*
some of the pattern logic was located throughout the internet and is not mine. I have simply cobbled it together and added the filters.

Release Notes

Now added a "confirmation function". Will colorize background only if confirmed when activated.

Release Notes

-Added "show labels" to allow cleaning up the screen by removing the pattern labels
-Added "include wicks" which changes the confirmation feature from close/close to high/low
-Updated hammer/star code for better coverage
-Brightened "confirmation" bg colors for easier viewing

Release Notes

-Fix unconfirmed labels still showing
-Remove redundancies

Release Notes

-Label offset -1 so labels occur over actual pattern, BG colorization occurs on confirmation bar

Release Notes

-Add Marubozu pattern
-Settings clean up and information

Release Notes

-Add Bull/Bear Harami pattern
-Change some default options

Release Notes

-All filters by default
-Fix RVOL minimum to float instead of int

Release Notes

-Add basic bull/bear alerts

Release Notes

-Typo

Release Notes

-Change BG color transparency to see bars better

Release Notes

-Small edits

Akura_Crypto

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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 publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Akura_Crypto

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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.