tarun171977

Inside Bar + Bullish and Bearish candlestick [Tarun]

tarun171977 Обновлено   
  1. Inside Bar Detection:
  • The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low.
  • Inside bars are highlighted with an orange color.

  • Bearish Candlestick Patterns:
  • Bearish Engulfing: When the current candlestick's body completely engulfs the previous candlestick's body.
  • Dark Cloud Cover: When a bullish candle is followed by a bearish candle that opens above the previous bullish candle's close but closes below its midpoint.
  • Bearish Harami: When a small bullish candlestick is engulfed by a larger bearish candlestick.
  • Evening Star: A three-candle pattern consisting of a large bullish candle, a small-bodied candle with a gap up or down, and a large bearish candle that closes below the midpoint of the first candle.
  • Shooting Star: A single candlestick pattern with a small real body near the bottom of the price range and a long upper shadow.
  • Bearish Marubozu: A candlestick with a long bearish body and little to no upper or lower shadows.
  • Bearish candlestick patterns are highlighted with a red color and labeled with abbreviated names.

  • Bullish Candlestick Patterns:
  • Bullish Engulfing: Opposite of bearish engulfing, where the current candlestick's body completely engulfs the previous candlestick's body.
  • Piercing Pattern: When a bearish candle is followed by a bullish candle that opens below the previous bearish candle's low but closes above its midpoint.
  • Bullish Harami: Similar to bearish harami but bullish, where a small bearish candlestick is engulfed by a larger bullish candlestick.
  • Morning Star: A three-candle pattern opposite to the evening star, signaling a potential reversal from downtrend to uptrend.
  • Bullish Hammer: A single candlestick pattern with a small real body near the top of the price range and a long lower shadow.
  • Bullish Marubozu: A candlestick with a long bullish body and little to no upper or lower shadows.
  • Bullish candlestick patterns are highlighted with a purple color and labeled with abbreviated names.
Информация о релизе:
Update Candlestick Text Style
Информация о релизе:
tweak small part
Информация о релизе:
Refactored candlestick pattern detection logic to consolidate conditions and improve accuracy, reducing bugs and enhancing code readability.
Информация о релизе:
Streamlined candlestick pattern detection, rectifying bugs and enhancing code clarity
Информация о релизе:
  1. 1. Indicator Settings:
  2. The indicator is configured to overlay on the main price chart.
  3. Parameters like max_labels_count, max_lines_count, and max_bars_back control the maximum number of labels, lines, and bars displayed, respectively.
  • 2. Inside Bar Detection:
  • The script checks if the current bar is an inside bar, where the high is lower and the low is higher than the previous bar.
  • Inside bars are highlighted with an orange color.
  • 3. Candlestick Labeling:
  • Labels (myLabel and myLabelb) are used to display candlestick pattern names below and above the bars, respectively.
  • 4.Bearish Candlestick Patterns:
  • Bearish patterns like Bearish Engulfing, Dark Cloud Cover, Bearish Harami, Evening Star, Shooting Star, and Bearish Marubozu are detected using specific conditions. These patterns are colored red.
  • 5.Bullish Candlestick Patterns:
  • Bullish patterns like Bullish Engulfing, Piercing Pattern, Bullish Harami, Morning Star, Bullish Hammer, and Bullish Marubozu are detected similarly. These patterns are colored purple.
  • 6.Labeling Candlestick Patterns:
  • Detected patterns are labeled with their respective abbreviations (e.g., "BE" for Bullish Engulfing) on the appropriate labels.
  • 7.Code Optimization:
  • The code is optimized for efficiency and readability, ensuring concise conditions for pattern detection.
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