OPEN-SOURCE SCRIPT
Bullish Candlestick Patterns With Filters [TradeDots]
Обновлено
The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns.
6 CANDLESTICK PATTERNS
SIGNAL FILTERING
The indicator incorporates with 2 primary methodologies aimed at filtering out lower accuracy signals.
Firstly, it comes with a "Lowest period" parameter that examines whether the trough of the bullish candlestick configuration signifies the lowest point within a specified retrospective bar length. The longer the period, the higher the probability that the price will rebound.
Secondly, the channel indicators, the Keltner Channels or Bollinger Bands. This indicator examines whether the lowest point of the bullish candlestick pattern breaches the lower band, indicating an oversold signal. Users have the flexibility to modify the length and band multiplier, enabling them to custom-tune signal sensitivity.
Without Filtering:
With Filtering
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
6 CANDLESTICK PATTERNS
- Hammer
- Inverted Hammer
- Bullish Engulfing
- The Piercing Line
- The Morning Star
- The 3 White Soldiers
SIGNAL FILTERING
The indicator incorporates with 2 primary methodologies aimed at filtering out lower accuracy signals.
Firstly, it comes with a "Lowest period" parameter that examines whether the trough of the bullish candlestick configuration signifies the lowest point within a specified retrospective bar length. The longer the period, the higher the probability that the price will rebound.
Secondly, the channel indicators, the Keltner Channels or Bollinger Bands. This indicator examines whether the lowest point of the bullish candlestick pattern breaches the lower band, indicating an oversold signal. Users have the flexibility to modify the length and band multiplier, enabling them to custom-tune signal sensitivity.
Without Filtering:
With Filtering
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Информация о релизе
- Update displayed chart
Информация о релизе
- Includes an alert feature that allows users to track bullish candlestick patterns when the asset is within the specified lower and upper bounds.
Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
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