Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the pattern finding calculations, for example and Shooting Stars are now special Pin Bars, they now must have preceding and succeeding confirm bars, so they do not occur very often.
NOTE: All the identification of PA candles is disabled by default.
Changes made in Version 2.0 :
- Added Forex Morning and Evening Stars (the centre small candle is not a specific color).
- Abbreviated text names for less cluttered look.
- Change minimum/maximum bar sizes to be a % of current ATR, rather than pips, this makes relative sizing independent on Time Frame, and make the script work better with non-currency assets like stocks and .
- Change definition of and so the the previous candle is part of a trend and is followed by a confirm candle.
- Added some precendence test to reduce multiple action labels.
- Definition for Outside Bar now does not require the previous bar to be opposite Colour (this the same as Inside Bars), but added a requirement for minimum size ratio compared to previous Bar (set to 1.1 by default). If you require previous Bar to be opposite colour, you could use Engulfing candles with Outside Bar option enabled.
- Added Maximum size ratio requirement for Inside Bars (set to 0.9 by default).
- Added OverSized candle Pattern, the pattern is labelled when candle is some ratio (default 5) bigger than current ATR of chart time frame.
- Added Option to Change ATR Length.
- Correct Polarity of Oversize Bar labelling.