JustUncleL

Price Action Candles R2.0 by JustUncleL

This is an updated version of my previous script, I have added a few extra Patterns and some patterns specs have chnaged over those specified by "Price Action Battle Station by theforexguy".
Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the pattern finding calculations, for example Hammer and Shooting Stars are now special Pin Bars, they now must have preceding and succeeding confirm bars, so they do not occur very often.

NOTE: All the identification of PA candles is disabled by default.

Changes made in Version 2.0 :
  • Added Forex Morning and Evening Stars (the centre small candle is not a specific color).
  • Abbreviated text names for less cluttered look.
  • Change minimum/maximum bar sizes to be a % of current ATR, rather than pips, this makes relative sizing independent on Time Frame, and make the script work better with non-currency assets like stocks and commodities .
  • Change definition of Hammer and shooting Star so the the previous candle is part of a trend and is followed by a confirm candle.
  • Added some precendence test to reduce multiple action labels.
Phát hành các Ghi chú: After some feedback from fellow traders I have made the following changes:

  • Definition for Outside Bar now does not require the previous bar to be opposite Colour (this the same as Inside Bars), but added a requirement for minimum size ratio compared to previous Bar (set to 1.1 by default). If you require previous Bar to be opposite colour, you could use Engulfing candles with Outside Bar option enabled.
  • Added Maximum size ratio requirement for Inside Bars (set to 0.9 by default).
Phát hành các Ghi chú: Minor Update.
  • Added OverSized candle Pattern, the pattern is labelled when candle is some ratio (default 5) bigger than current ATR of chart time frame.
  • Added Option to Change ATR Length.
Phát hành các Ghi chú: Patch
  • Correct Polarity of Oversize Bar labelling.

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JustUncleL

Bình luận

I'm usually a private trader but had to comment on how helpful this script is. You're an asset to the trading community, JustUncleL. Thank you.
+2 Phản hồi
You can modify the name of the lower k-line, which means that you don’t need the name to represent the k-line on the top. You only need a k-line label to identify, so that the icon will be displayed beautifully, and there is no update. Pregnant line!
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Hots off to you. Great work
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Supper script. Thank you for being a great help to the trading community
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it does not show says n/a
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JustUncleL SANTOZ09
@SANTOZ09, All price action candle indication is disabled by default. Just enable the patterns you want to see.
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DS24 JustUncleL
@JustUncleL, how do you enable a pattern? I don't see how that could be done. Please explain.
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DS24 JustUncleL
@JustUncleL, never mind. I found it.
+1 Phản hồi
Here is another sample chart, this time with APPLE stock and with every candle pattern enabled with default settings:

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Excellent work as always! Outside Reversals would be a wonderful addition.
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