OPEN-SOURCE SCRIPT
Pattern indicator
Rules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low ..
*** Candlestick we are looking for ***
1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer
Rule for searching bullish candlestick ====>
1) searching for current day high and day low
2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
https://www.tradingview.com/x/fG0IE0o3/
Rule for bearish candles ====>
1) searching for current day high and day low
2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
https://www.tradingview.com/x/u3cdvPqY/
Note -- i have created all indicator calculation ....
Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
*** Candlestick we are looking for ***
1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer
Rule for searching bullish candlestick ====>
1) searching for current day high and day low
2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
https://www.tradingview.com/x/fG0IE0o3/
Rule for bearish candles ====>
1) searching for current day high and day low
2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
https://www.tradingview.com/x/u3cdvPqY/
Note -- i have created all indicator calculation ....
Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
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.
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.