Bullish Single Candle Patterns [Crypto Varthagam]

Description

- This indicator highlights three well-known single bullish candlestick signals:

Hammer – A small body with a long lower wick, often signaling potential reversal at the bottom of a downtrend.

Inverted Hammer – A small body with a long upper wick, showing potential reversal if followed by bullish confirmation.

Bullish Marubozu – A strong green candle with little to no shadows, representing clear buyer dominance.

How it works:
- The script measures candle body size relative to total range and wick size.
- It identifies patterns based on common candlestick rules (wick-to-body ratios and body position).
- Labels are plotted on the chart for easy recognition of these signals.

Unique aspects of this script:
-Clean, educational implementation focused only on three key single-candle bullish patterns.
- Uses precise mathematical ratios for consistent detection.
- Lightweight design that can be applied on any timeframe or asset.

Disclaimer:
This script is for educational purposes only. It does not provide financial advice. Always confirm signals with broader analysis, risk management, and additional tools before making trading decisions.