OPEN-SOURCE SCRIPT

Consecutive Bullish/Bearish Candles

678
🔍 Overview:
This indicator detects market manipulation and deception by identifying sequences of consecutive bullish or bearish candles. It highlights potential reversal zones where trends may exhaust or trap traders before reversing.

📌 How It Works:

The user can set a custom number of consecutive bullish or bearish candles (default: 5).
If the set number of consecutive green (bullish) or red (bearish) candles appears, the indicator plots a signal on the chart.
This pattern often signals exhaustion, stop hunts, or market traps, making it useful for traders looking for reversal opportunities.

📊 Features:
✅ Customizable candle count for detection
✅ Visual signals (✅ for bullish, ❌ for bearish)
✅ Alerts support for automated notifications
✅ Works on all timeframes and all markets (crypto, stocks, forex)

⚠️ Note:
This indicator does not guarantee reversals but helps identify areas where traders may be trapped and a trend shift is likely. Always use it with other confluence factors like volume, support/resistance, and market sentiment.

🚀 Use this tool to spot market deception and trade smart!

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.