Continuation and Reversal Patterns

  • This script helps in identifying the reversal and continuation patterns in the japanese candle sticks this can be applied across all time frames
  • we can configure the maximum number of weak candles in the zone such that we can configure the strength as per end user but maximum base candles is restricted to 5
    as any candles greater than that will make the pattern weak

Note : This is not a strategy rather a useful tool which suggests there might be continuation to the existing trend or there might be reversal , so use them with combination of other indicators and price action for better results
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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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