OPEN-SOURCE SCRIPT
Pattern Detector by Dahhans DfirstX
| Pattern | Description | Signal |
| ---------------- | ----------------------------------------------------------------- | ---------------- |
| Head & Shoulders | 3 peaks: left shoulder, higher head, right shoulder at same level | Bearish reversal |
| Inverse H&S | 3 valleys: left, lower head, right at same level | Bullish reversal |
| Double Top | 2 peaks at similar price level | Bearish reversal |
| Double Bottom | 2 valleys at similar price level | Bullish reversal |
| Bull Engulfing | Green candle completely covers red candle | Bullish |
| Bear Engulfing | Red candle completely covers green candle | Bearish |
| Hammer | Small body, long lower wick | Bullish reversal |
| Shooting Star | Small body, long upper wick | Bearish reversal |
| ---------------- | ----------------------------------------------------------------- | ---------------- |
| Head & Shoulders | 3 peaks: left shoulder, higher head, right shoulder at same level | Bearish reversal |
| Inverse H&S | 3 valleys: left, lower head, right at same level | Bullish reversal |
| Double Top | 2 peaks at similar price level | Bearish reversal |
| Double Bottom | 2 valleys at similar price level | Bullish reversal |
| Bull Engulfing | Green candle completely covers red candle | Bullish |
| Bear Engulfing | Red candle completely covers green candle | Bearish |
| Hammer | Small body, long lower wick | Bullish reversal |
| Shooting Star | Small body, long upper wick | Bearish reversal |
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.