AB=CD Pattern Educational (Source Code)This indicator was intended as educational purpose only for AB=CD Patterns.
AB=CD Patterns were explained and modernized starting from The Harmonic Trader and Harmonic Trading: Volume One until Volume Three written by Scott M Carney.
Indikator ini bertujuan sebagai pendidikan sahaja untuk AB=CD Pattern.
AB=CD Patterns telah diterangkan dan dimodenkan bermula dari The Harmonic Trader dan Harmonic Trading: Volume One hingga Volume Three ditulis oleh Scott M Carney.
Indicator features :
1. List AB=CD patterns including ratio and reference page.
2. For desktop display only, not for mobile.
Kemampuan indikator :
1. Senarai AB=CD pattern termasuk ratio and rujukan muka surat.
2. Untuk paparan desktop sahaja, bukan untuk mobile.
FAQ
1. Credits / Kredit
Scott M Carney
Scott M Carney, Harmonic Trading: Volume One until Volume Three
2. Pattern and Chapter involved / Pattern dan Bab terlibat
Ideal AB=CD - The Harmonic Trader - Page 118 & 129
Standard AB=CD - The Harmonic Trader - Page 116, 117, 127 & 128, Harmonic Trading: Volume One - Page 42, 51, Harmonic Trading: Volume Three - Page 76 & 78
Alternate AB=CD - The Harmonic Trader - Page 142 & 145, Harmonic Trading: Volume One - Page 62, 63
Perfect AB=CD - Harmonic Trading: Volume One - Page 64 & 66
Reciprocal AB=CD - Harmonic Trading: Volume Two - Page 74 & 76
AB=CD with ab=cd - The Harmonic Trader - Page 149 & 153
AB=CD with BC Layering Technique - Harmonic Trading: Volume Three - Page 81 & 84
3. Code Usage / Penggunaan Kod
Free to use for personal usage but credits are most welcomed especially for credits to Scott M Carney.
Bebas untuk kegunaan peribadi tetapi kredit adalah amat dialu-alukan terutamanya kredit kepada Scott M Carney.
Bullish / Bearish Ideal AB=CD
Bullish / Bearish Standard AB=CD
Bullish / Bearish Alternate AB=CD
Bullish / Bearish Perfect AB=CD
Bullish / Bearish Reciprocal AB=CD (Additional value for reciprocal retracement 3.140 and 3.618)
Bullish / Bearish AB=CD with ab=cd
Bullish / Bearish AB=CD with BC Layering Technique
Tìm kiếm tập lệnh với "pattern"
V Pattern TrendDESCRIPTION:
The V Pattern Trend Indicator is designed to identify and highlight V-shaped reversal patterns in price action. It detects both bullish and bearish V formations using a five-candle structure, helping traders recognize potential trend reversal points. The indicator filters out insignificant patterns by using customizable settings based on ATR, percentage, or points, ensuring that only meaningful V patterns are displayed.
CALCULATION METHOD
The user can choose how the minimum length of a V pattern is determined. The available options are:
- ATR (Average True Range) – Filters V patterns based on ATR, making the detection adaptive to market volatility.
- Percentage (%) – Considers V patterns where the absolute price difference between the V low and V high is greater than a user-defined percentage of the V high.
- Points – Uses a fixed number of points to filter valid V patterns, making it useful for assets with consistent price ranges.
ATR SETTINGS
- ATR Length – Defines the number of periods for ATR calculation.
- ATR Multiplier – Determines the minimum V length as a multiple of ATR.
PERCENTAGE THRESHOLD
- Sets a minimum percentage difference between the V high and V low for a pattern to be considered valid.
POINTS THRESHOLD
- Defines the minimum price movement (in points) required for a V pattern to be considered significant.
PATTERN VISUALIZATION
- A bullish V pattern is plotted using two upward-sloping lines, with a filled green region to highlight the formation.
- A bearish V pattern is plotted using two downward-sloping lines, with a filled red region to indicate the reversal.
- The indicator dynamically updates and marks only the most recent valid patterns.
UNDERSTANDING V PATTERNS
A V pattern is a sharp reversal formation where price moves strongly in one direction and then rapidly reverses in the opposite direction, forming a "V" shape on the chart.
BULLISH V PATTERN
- A bullish V pattern is formed when the price makes three consecutive lower lows, followed by two consecutive higher lows.
- The pattern is confirmed when the highest high of the formation is greater than the previous highs within the structure.
- This pattern suggests a potential trend reversal from bearish to bullish.
- The lowest point of the pattern represents the V low, which acts as a support level.
bull_five_candle_v = low > low and low > low and low > low and low > low
and high > math.max(high , high , high ) and high > math.max(high , high , high )
BEARISH V PATTERN
- A bearish V pattern is detected when the price makes three consecutive higher highs, followed by two consecutive lower highs.
- The pattern is confirmed when the lowest low of the formation is lower than the previous lows within the structure.
- This pattern signals a possible trend reversal from bullish to bearish.
- The highest point of the pattern represents the V high, which acts as a resistance level.
bear_five_candle_v = high < high and high < high and high < high and high < high
and low < math.min(low , low , low ) and low < math.min(low , low , low )
HOW THIS IS UNIQUE
- Advanced Filtering Mechanism – Unlike basic reversal indicators, this tool provides customizable filtering based on ATR, percentage, or points, ensuring that only significant V patterns are displayed.
- Enhanced Visual Clarity – The indicator uses color-coded fills and structured plotting to make reversal patterns easy to recognize.
- Works Across Market Conditions – Adaptable to different market environments, filtering out weak or insignificant price fluctuations.
- Multi-Timeframe Usability – Can be applied across different timeframes and asset classes, making it useful for both intraday and swing trading.
HOW TRADERS CAN USE THIS INDICATOR
- Identify potential trend reversals early based on structured price action.
- Filter out weak or insignificant reversals to focus only on strong V formations.
- Use the V pattern’s highs and lows as key support and resistance zones for trade entries and exits.
- Combine with other indicators like moving averages, trendlines, or momentum oscillators for confirmation.
Hammers & star Patterns After a Trend
1. **Candlestick Patterns Detection:**
- **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market.
- **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend.
- **Inverted Hammer**: A candle with a small body and a long upper wick, indicating a possible reversal after an uptrend.
2. **Volume Consideration:**
- The script checks if these patterns occur with **high trading volume**. If the volume is significantly higher than the average volume over a certain period, the pattern is highlighted.
3. **Trend Detection:**
- The script looks for a significant trend before the pattern appears:
- **Downtrend**: A significant downward movement in price is required before a Hammer is considered.
- **Uptrend**: A significant upward movement is required before an Inverted Hammer is considered.
4. **Additional Patterns:**
- **Morning Star** and **Evening Star** patterns are also detected:
- **Morning Star**: A three-candle pattern where the first candle is a large bearish candle, followed by a small-bodied candle, and then a large bullish candle, indicating a potential reversal from downtrend to uptrend.
- **Evening Star**: The opposite pattern, signaling a potential reversal from uptrend to downtrend.
5. **Visual Indicators:**
- The script **plots arrows** and **labels** on the chart to show where these patterns occur:
- **Hammers** and **Inverted Hammers** are marked with triangle arrows.
- **Morning Stars** and **Evening Stars** are marked with labels.
In summary, this script helps traders identify key candlestick patterns that may signal potential reversals in price trends, with special emphasis on patterns that occur with high volume and after significant price movements.
Dark Cloud [TradingFinder] Piercing Line Reversal chart Pattern
🔵 Introduction
"Reversal candlestick patterns" are among the Japanese candlestick patterns considered as alerts for a potential change in the current price trend. It is often assumed that by identifying reversal candlestick patterns, the price trend will definitely change, either from bullish to bearish or from bearish to bullish. However, this claim is not entirely accurate, and a change in price trend does not always mean a reversal.
Nonetheless, the importance of reversal candlestick patterns remains significant. By recognizing these patterns, you can better predict changes in the trend with higher probability and make better trading decisions.
🔵 Dark Cloud
The "Dark Cloud" pattern occurs when, after an upward trend, buyers continue to drive the price up in the first candle. However, in the next candle, with sellers entering and increasing selling pressure, the price starts to decrease compared to the close of the previous candle.
This price decrease is significant enough that in the last candle, the price goes lower than the open of the previous candle, serving as a warning sign for a potential change in price trend.
The fundamental principles for the formation of the "Dark Cloud" pattern include :
1.Two candles consisting of a positive candle (first candle) and a negative candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Dark Cloud" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of a lower shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price resistance range, it has more strength.
🔵 Piercing Line
The "Piercing Line" pattern occurs when, after a downward trend, sellers decrease the price by offering their shares on the first day. However, on the next day, with buyers entering and increasing demand, the price starts to increase compared to the close of the previous day.
This increase is significant enough that in the last candle, the price goes higher than the open of the previous day, serving as a warning sign for a reversal in the price trend. Overall, this pattern is the opposite of the "Dark Cloud" pattern and occurs under a bearish trend.
The fundamental principles for the formation of the "Piercing Line" pattern include :
1.Two candles consisting of a negative candle (first candle) and a positive candle (second candle) whose main body should be above the halfway point of the first candle's main body but does not completely cover it.
2.The color of the main body of the second candle should be opposite to the color of the main body of the first candle.
Factors affecting the strength of the "Piercing Line" pattern include :
1.The length of the bodies of both candles, especially the second candle, which increases the strength of the pattern.
2.The gap between the two bodies can also indicate the strength of the pattern.
3.The absence of an upper shadow in the second candle also indicates the strength of the pattern.
4.If the pattern forms in a price support range, it has more strength.
🔵 How to Use
The "green circle" symbol corresponds to the "Strong Piercing Line" signal, the "blue triangle" symbol corresponds to the "Weak Piercing Line" signal, the "red circle" symbol corresponds to the "Strong Dark Cloud" signal, and the "red triangle" symbol corresponds to the "Weak Dark Cloud" signal.
🔵 Setting
Using the "Show Dark Cloud" and "Show Piercing Line" buttons, you can enable or disable the display of Dark Cloud and Piercing Line.
Harmonic Pattern Detection, Prediction, and Backtesting ToolOverview:
The ultimate harmonic XABCD pattern identification, prediction, and backtesting system.
Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.
- Identification -
An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details).
- Prediction -
After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc).
- Backtesting -
A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.
//------------------------------------------------------
// Scoring
//------------------------------------------------------
A percentage-based score is calculated from four components:
(1) Retracement % Accuracy - this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal.
(4) Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive.
So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day.
Calculation weights of all four components can be changed in Settings.
//------------------------------------------------------
// Targets
//------------------------------------------------------
A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually:
(1) .618 XA = .618 retracement of leg XA, measured from point D
(2) 1.272 XA = 1.272 retracement of leg XA, measured from point D
(3) 1.618 XA = 1.618 retracement of leg XA, measured from point D
(4) .618 CD = .618 retracement of leg CD, measured from point D
(5) 1.272 CD = 1.272 retracement of leg CD, measured from point D
(6) 1.618 CD = 1.618 retracement of leg CD, measured from point D
(7) A = point A
(8) B = point B
(9) C = point C
//------------------------------------------------------
// Stops
//------------------------------------------------------
Stop-loss levels are also user-defined, in one of three ways:
(1) % beyond the furthest PRZ level (below the PRZ level for bullish patterns, and above for bearish)
(2) % beyond point D
(3) % of distance to Target 1, beyond point D. This method allows for a proper Risk:Reward approach by defining your potential losses as a percentage of the potential gains. This is the default.
//------------------------------------------------------
// Results Table / Backtesting Statistics
//------------------------------------------------------
To properly assess the effectiveness of a specific pattern type, a time limit is enforced for a completed pattern to reach the targets or the stop level. When this time limit expires, the pattern has "timed out", and is no longer considered in the Success Rate statistics. During the time limit period, if price reaches Target 1 before reaching the Stop level, the pattern is considered successful. Conversely, if price reaches the Stop level before reaching Target 1, the pattern is considered a failure. The time limit can be changed in Settings, and is defined in terms of the total pattern length (point X to point D). It is set to 1.5 by default.
Increasing the time limit value will give you more realistic Success Rate values, but will less accurately represent the success rate of the harmonic patterns (i.e. the more time that elapses after a pattern completes, the less likely it is that the price action is related to that pattern).
//------------------------------------------------------
// Coming soon...
//------------------------------------------------------
I have a handful of other features in development, including:
(1) Drawing incomplete patterns as they develop. This will allow you more time to plan entries and stops, or potentially trade reversals from point C to point D PRZ levels.
(2) Support for the Shark and Cypher patterns
(3) Alerts
Please report any bugs, runtime errors, other issues or enhancement suggestions.
I also welcome any feedback from experienced harmonic pattern traders, especially regarding your strategy for setting targets and stop-losses.
@reees
Manual Harmonic Patterns - With interactive inputsThis script is a drawing tool which allows users to draw XABCD on the chart and script will tell whether there is any harmonic patterns on the drawings made. The script is based on interactive inputs and requires users to chose XABCD points.
Please note
This is not a scanner and it will not scan historical bars for harmonic patterns. This needs to be used rather as drawing tool instead.
Script will not check if selected pivots are correct. It assumes users to know how to select the right XABCD based on pivot high/lows. Bullish pattern will have X, B and D as pivot lows and A,C as pivot highs. Similarly bearish patterns will have X, B, D as pivot highs and A, C as pivot lows.
Script will not check for overflow conditions. For example, if price crosses, XB or BD line, then pattern is considered to be invalid. But, this check cannot be made in this script and we require users to be aware of this condition and select input accordingly.
Order of inputs should be in ascending order. X pivot should come before A and then, B, C, D and F. This again is users responsibility to select pivots in right order.
What happens after selecting XABCD?
If selected pattern is valid harmonic pattern, it will
Draw XABCD lines and labels
Fill harmonic triangles
Show PRZ box which shoes the name of valid patterns.
If it is not valid harmonic pattern, then users will see blank XABCD line without any PRZ or filled harmonic triangles.
Example:
1. When it is valid pattern
2. When it is not valid pattern
Complete Harmonic PatternOverview:
The ultimate harmonic XABCD pattern identification, prediction, and backtesting system.
Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.
- Identification -
An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details).
- Prediction -
After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc).
- Backtesting -
A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.
//------------------------------------------------------
// Scoring
//------------------------------------------------------
A percentage-based score is calculated from four components:
(1) Retracement % Accuracy - this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal.
(4) Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive.
So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day.
Calculation weights of all four components can be changed in Settings.
//------------------------------------------------------
// Targets
//------------------------------------------------------
A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually:
(1) .618 XA = .618 retracement of leg XA, measured from point D
(2) 1.272 XA = 1.272 retracement of leg XA, measured from point D
(3) 1.618 XA = 1.618 retracement of leg XA, measured from point D
(4) .618 CD = .618 retracement of leg CD, measured from point D
(5) 1.272 CD = 1.272 retracement of leg CD, measured from point D
(6) 1.618 CD = 1.618 retracement of leg CD, measured from point D
(7) A = point A
(8) B = point B
(9) C = point C
3-1-3 PatternThis Pine Script indicator analyzes and visualizes a specific candlestick pattern called the "3-1-3 Pattern" across multiple timeframes. Here's what it does:
Core Functionality
Pattern Detection: The script looks for a 7-bar candlestick pattern:
Bearish 3-1-3: 3 red candles + 1 green candle + 3 red candles
Bullish 3-1-3: 3 green candles + 1 red candle + 3 green candles
Visual Output
When a 3-1-3 pattern is detected, the script:
Creates a colored box around the middle bar (bar 3) of the pattern
Adds a small label showing the pattern type ("Bear 1H" or "Bull 4H", etc.)
Extends the box forward until the price breaks above the pattern's high or below its low
Pattern Management
The script actively manages the patterns by:
Tracking active patterns for each timeframe separately
Removing expired patterns when price breaks the pattern's high/low levels
Extending boxes to the current time to keep them visible
Practical Use
This indicator helps traders:
Spot reversal patterns across multiple timeframes simultaneously
See confluence when patterns align on different timeframes
Track pattern validity (boxes disappear when invalidated by price action)
Essentially, it's a multi-timeframe pattern recognition tool that automatically identifies and tracks these specific 7-bar reversal patterns on your chart.
IU Inside/Harami candlestick patternDESCRIPTION
The IU Inside/Harami Candlestick Pattern indicator is designed to detect bullish and bearish inside bar formations, also known as Harami patterns. This tool gives users flexibility by allowing pattern detection based on candle wicks, bodies, or a combination of both. It highlights detected patterns using colored boxes and optional text labels on the chart, helping traders quickly identify areas of consolidation and potential reversals.
USER INPUTS :
Pattern Recognition Based on =
Choose between "Wicks", "Body", or "Both" to determine how the inside candle pattern is identified.
Show Box =
Toggle the appearance of colored boxes that highlight the pattern zone.
Show Text =
Toggle on-screen labels for "Bullish Inside" or "Bearish Inside" when patterns are detected.
INDICATOR LOGIC :
Bullish Inside Bar (Harami) is detected when:
* The current candle's high is lower and low is higher than the previous candle (wick-based),
* or the current candle’s open and close are inside the previous candle’s body (body-based),
* and the current candle is bullish while the previous is bearish.
Bearish Inside Bar (Harami) is detected when:
* The current candle's high is lower and low is higher than the previous candle (wick-based),
* or the current candle’s open and close are inside the previous candle’s body (body-based),
* and the current candle is bearish while the previous is bullish.
The user can choose wick-based, body-based, or both logics for pattern confirmation.
Boxes are drawn between the highs and lows of the pattern, and alert messages are generated upon confirmation.
Optional labels show the pattern name for quick visual identification.
WHY IT IS UNIQUE :
Offers three different logic modes: wick-based, body-based, or combined.
Highlights patterns visually with customizable boxes and labels.
Includes built-in alerts for immediate notifications.
Uses clean and transparent plotting without repainting.
HOW USER CAN BENEFIT FROM IT :
Receive real-time alerts when Inside/Harami patterns are formed.
Use the boxes and text labels to spot price compression zones and breakout potential.
Combine it with other tools like trendlines or support/resistance for enhanced accuracy.
Suitable for scalpers, swing traders, and price action traders looking to trade inside bar breakouts or reversals.
DISCLAIMER :
This indicator is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
NR4 & NR7 with Breakouts [LuxAlgo]NR4 & NR7 with Breakouts is a simple indicator that utilizes the NR4 and NR7 candle patterns to display candle ranges and signals from range breakouts.
🔶 USAGE
The Narrow Range Patterns are candle formations determined by the last candle having a narrower (high-low) range than the previous number. This indicator showcases the 2 most recognized Narrow Range Patterns, which are the 4 and 7 bar variants (NR4 and NR7).
These patterns, introduced by Toby Crabel, are thought to provide insight for potential market breakouts by identifying periods of low volatility indicated by a candle with a small range. This is due to the idea that markets often move from periods of low volatility (contraction) to high volatility (expansion), and the NR4 and NR7 patterns help spot these transitions.
By utilizing these patterns, traders are better able to anticipate and respond to market shifts for better decision-making and risk management.
NOTE: These patterns have traditionally been studied on the Daily Timeframe Chart. This indicator allows the user to select a timeframe to generate these patterns from. It is suggested to be mindful of this when considering these patterns.
In this indicator, on the bar after the pattern is detected, the Narrow Range Bar will be highlighted with a zone, and lines displaying the range will extend from it. These ranges are helpful for providing levels to set limit orders and for managing risk.
Users are able to adjust which pattern they want visualized on their chart, please note;
All NR7s are NR4s but not all NR4s are NR7s.
Because of this, you will notice that when selecting "NR4" to display, the colors will change, but the detected ranges will not change.
🔹 Signals
When a Narrow Range Bar is detected, the script will wait for the price to close outside of the Range, then a signal will fire indicating the direction of exit. The signals are produced from the last NR4 or NR7 and will have the potential to fire from that range until a new NR4 or NR7 is detected.
After a signal fires, the logic goes into a "reset" period where it will wait for the price to reach the Range Mean before firing another signal.
These signals can be anticipated by considering the underlying logic and watching price approach the range extremities, and can be improved by utilizing other market information for confluence.
🔶 SETTINGS
Timeframe: Choose which timeframe to identify the NR4 and NR7 Pattern on. This must be Higher than the chart timeframe.
Pattern Type: Choose which (or all) patterns to display.
Price Action: Engulfing PatternsBullish Engulfing Pattern Detection: A bullish engulfing pattern is identified when the previous candle is bearish (close < open ), the current candle is bullish (close > open), and the current candle's body engulfs the previous candle's body (close >= open and open <= close ).
Bearish Engulfing Pattern Detection: A bearish engulfing pattern is identified when the previous candle is bullish (close > open ), the current candle is bearish (close < open), and the current candle's body engulfs the previous candle's body (open >= close and close <= open ).
Plotting the Patterns: The plotshape function is used to mark the detected patterns on the chart. Bullish engulfing patterns are marked below the bar with a green upward label, while bearish engulfing patterns are marked above the bar with a red downward label.
Hourly Market Movement Pattern Indicator# Hourly Market Movement Pattern Indicator
This versatile technical analysis tool identifies the most active hours for trading by analyzing historical price movements. While it can be viewed on any timeframe chart, the indicator specifically tracks and displays which hours of the day historically show the strongest upward or downward price movements, helping traders optimize their trading schedule around these recurring hourly patterns.
## Core Features
- Tracks the best performing hours for both upward and downward movements
- Viewable on any timeframe chart while maintaining hourly analysis
- Clear visual display through a color-coded table overlay
- Real-time updates with new market data
- Works with all trading instruments (stocks, crypto, forex, futures, etc.)
## Timeframe Applications
### Chart Viewing Options
- Can be viewed on any timeframe chart (1min to Monthly)
- Maintains hourly pattern analysis regardless of chart timeframe
- Helps correlate hourly patterns with your preferred trading timeframe
- Allows detailed visualization of hourly patterns within your analysis period
### Intraday Trading
- Identify the most profitable hours for trading
- Plan trading sessions around historically strong hours
- Optimize entry and exit timing based on hourly patterns
- Structure day trading schedules around peak movement hours
### Swing Trading
- Use hourly statistics to optimize entry/exit timing
- Plan trade executions during historically strong hours
- Time position entries based on hourly success rates
- Enhance swing trading decisions with hourly pattern data
## Practical Applications
### Pattern Recognition
- Track recurring hourly market movements
- Identify institutional trading hour patterns
- Detect regular market cycle hours
- Recognize changes in hourly market behavior
### Risk Management
- Adjust position sizing based on historical hourly patterns
- Plan entries during statistically favorable hours
- Time stop loss adjustments around known volatile hours
- Scale positions according to hourly success rates
### Trade Planning
- Schedule trading sessions during optimal hours
- Plan trade executions around strong movement periods
- Structure trading day around peak hours
- Time position adjustments to favorable hours
## Setup Options
- Timeframe: View on any chart timeframe while tracking hourly patterns
- Visual Display: Non-intrusive table overlay
- Color Coding: Green for upward movements, Red for downward movements
- Hour Display: 24-hour format for global market compatibility
## Trading Strategy Integration
The indicator enhances trading approaches through:
- Optimal hour identification for trade execution
- Historical hourly pattern analysis
- Day trading session optimization
- Position timing based on hourly statistics
## Notes
This indicator proves particularly valuable for:
- Traders seeking to optimize their daily trading schedule
- Day traders focusing on peak market hours
- Swing traders optimizing entry/exit timing
- Traders adapting strategies to specific market hours
- International traders tracking hour-specific patterns across sessions
The tool's hourly pattern analysis provides crucial timing information regardless of your preferred chart timeframe or trading style, helping optimize trade execution around the most statistically favorable hours of the day.
Candlestick Patterns with SignalsIdentified Patterns:
Bullish Engulfing: Indicates potential upward price movement, marked with green labels and lines.
Bearish Engulfing: Suggests potential downward price movement, marked with red labels and lines.
Hammer: A bullish reversal pattern, marked with blue labels.
Shooting Star: A bearish reversal pattern, marked with orange labels.
Signal Generation:
Long Signal: Triggered when a Bullish Engulfing or Hammer pattern is detected. A dotted green line marks the entry level.
Short Signal: Triggered when a Bearish Engulfing or Shooting Star pattern is detected. A dotted red line marks the entry level.
Visual Elements:
Labels indicating the candlestick pattern names appear at the relevant candles.
Lines connect the previous and current candles for engulfing patterns to highlight their range.
Dotted lines indicate potential entry levels for long or short trades.
E9 Shark-32 Pattern Strategy The E9 Shark-32 Pattern is a powerful trading tool designed to capitalize on the Shark-32 pattern—a specific Candlestick pattern.
The Shark-32 Pattern: What Is It?
The Shark-32 pattern is a technical formation that occurs when the following conditions are met:
Higher Highs and Lower Lows: The low of two bars ago is lower than the previous bar, and the previous bar's low is lower than the current bar. At the same time, the high of two bars ago is higher than the previous bar, and the previous bar’s high is higher than the current bar.
This unique setup forms the "Shark-32" pattern, which signals potential volume squeezes and trend changes in the market.
How Does the Strategy Work?
The E9 Shark-32 Pattern Strategy builds upon this pattern by defining clear entry and exit rules based on the pattern's confirmation. Here's a breakdown of how the strategy operates:
1. Identifying the Shark-32 Pattern
When the Shark-32 pattern is confirmed, the strategy "locks" the high and low prices from the initial bar of the pattern. These locked prices serve as key levels for future trade entries and exits.
2. Entry Conditions
The strategy waits for the price to cross the pattern's locked high or low, signaling potential market direction.
Long Entry: A long trade is triggered when the closing price crosses above the locked pattern high (green line).
Short Entry: A short trade is triggered when the closing price crosses below the locked pattern low (red line).
The strategy ensures that only one trade is taken for each Shark-32 pattern, preventing overtrading and allowing traders to focus on high-probability setups.
3. Stop Loss and Take Profit Levels
The strategy has built-in risk management through stop-loss and take-profit levels, which are visually represented by the lines on the chart:
Stop Loss:
Stop loss can be adjusted in settings.
Take Profit:
For long trades: The take-profit target is set at the upper white dotted line, which is projected above the pattern high.
For short trades: The take-profit target is set at the lower white dotted line, which is projected below the pattern low.
These clearly defined levels help traders to manage risk effectively while maximizing potential returns.
4. Visual Cues
To make trading decisions even easier, the strategy provides helpful visual cues:
Green Line (Pattern High): This line represents the high of the Shark-32 pattern and serves as a resistance level and short entry signal.
Red Line (Pattern Low): This line represents the low of the Shark-32 pattern and serves as a support level and long entry signal.
White Dotted Lines: These lines represent potential profit targets, projected both above and below the pattern. They help traders define where the market might go next.
Additionally, the strategy highlights the pattern formation with color-coded bars and background shading to draw attention to the Shark-32 pattern when it is confirmed. This adds a layer of visual confirmation, making it easier to spot opportunities in real-time.
5. No Repeated Trades
An important aspect of the strategy is that once a trade is taken (either long or short), no additional trades are executed until a new Shark-32 pattern is identified. This ensures that only valid and confirmed setups are acted upon.
Swing Failure Pattern (SFP) [LuxAlgo]The Swing Failure Pattern indicator highlights Swing Failure Patterns (SFP) on the user chart, a pattern occurring during liquidity generation from significant market participants.
A Confirmation level used to confirm a trend reversal is also included. Users can additionally filter out SFP based on a set Volume % Threshold .
🔶 USAGE
Swing failure patterns occur when candle wicks exceed (above/below) a recent swing level but close back below/above it, and occur from more significant market participants engineering liquidity. This pattern can be indicative of a potential trend reversal.
A label and an accentuated wick line highlight the SFP (both can be disabled).
Using a higher "Swings" period will not return different SFP but will however potentially reduce their detection rate.
🔹 Confirmation Level
The confirmation level is the highest point between the previous swing and SFP for a bullish SFP, and the lowest point for a bearish SFP. This level allows confirming a trend reversal after an SFP once the price breaks it.
A small triangle will be displayed when the price closes beyond the confirmation level.
A more reactive and contrarian approach could use the SFP as an entry point, and the confirmation level for taking (partial) profit, or stop loss. The example below shows a possible scenario:
🔹 Volume % Threshold
During the occurrence of an SFP, the Volume % Threshold option allows comparing the cumulative volume outside the Swing level to the total volume of the candle. The following options are included:
Volume outside swing < Threshold: Volume outside the Swing level needs to be lower than x % of total candle volume. Prevent excessive liquidity generation.
Volume outside swing > Threshold: Volume outside the Swing level needs to be higher than x % of total candle volume. Requires more significant liquidity to be generated.
None: No extra filter is applied
Note that in the above case, the left SFP is no longer highlighted because the volume above the swing level was higher than the 25% threshold of the total volume.
When we change the setting to "Volume outside swing > Threshold", we get the reversed situation.
The "Volume outside Swing level" is obtained using intrabar - Lower TimeFrame (LTF) data.
At the intrabar (LTF) level, there are a maximum of 100K bars available. When using the Volume % Threshold filter, a vertical line will highlight the maximum period during which intrabars are available.
🔶 DETAILS
🔹 LTF Settings
When 'Auto' is enabled (Settings, LTF), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3-minute LTF
1500 (default): 1-minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
The concerning LTF can be seen at the right-top (default) corner.
🔶 SETTINGS
Swings: Period used for the swing detection, with higher values returning longer-term Swing Levels.
Bullish SFP: enable/disable bullish Swing Failure Patterns.
Bearish SFP: enable/disable bearish Swing Failure Patterns.
🔹 Volume Validation
Validation:
Volume outside swing < Threshold: The volume outside the swing level needs to be lower than x % of the total volume.
Volume outside swing > Threshold: The volume outside the swing level needs to be higher than x % of the total volume.
None: No extra validation is applied.
Volume % Threshold: % of total volume as threshold.
Auto + multiple: Adjusts the initial set LTF
LTF: LTF setting
Premium: Enable when your TradingView plan is Premium or higher
🔹 Dashboard
Show Dashboard: Display applied Lower Timeframe (LTF)
Location: Location of the dashboard
Size: Size of the dashboard
🔹 Style
Swing Lines
Confirmation Lines
Swing Failure Wick
Swing Failure Label
Lines / Labels: Color for lines and labels
SFP Wicks: Color for SFP wick line
Multi-Timeframe Recursive Zigzag [Trendoscope®]🎲 Welcome to the Advanced World of Zigzag Analysis
Embark on a journey through the most comprehensive and feature-rich Zigzag implementation you’ll ever encounter. Our Multi-Timeframe Recursive Zigzag Indicator is not just another tool; it's a groundbreaking advancement in technical analysis.
🎯 Key Features
Multi Time-Frame Support - One of the rare open-source Zigzag indicators with robust multi-timeframe capabilities, this feature sets our tool apart, enabling a broader and more dynamic market analysis.
Innovative Recursive Zigzag Algorithm - At its core is our unique Recursive Zigzag Algorithm, a pioneering development that powers multiple Zigzag levels, offering an intricate view of market movements. This proprietary algorithm is the backbone of our advanced pattern recognition indicators.
Sub-Waves and Micro-Waves Analysis - Dive deeper into market trends with our Sub-Waves and Micro-Waves feature. Sub-Waves reveal the interconnectedness of various Zigzag levels, while Micro-Waves offer insight into the fundamental waves at the base level.
Enhanced Indicator Tracking - Integrate and track your custom indicators or oscillators with the zigzag, capturing their values at each Zigzag level, complete with retracement ratios. This offers a comprehensive view of market dynamics.
Curved Zigzag Visualization - Experience a new way of visualizing market movements with our Curved Zigzag Display, employing Pine Script’s polyline feature for a more intuitive and visually appealing representation.
Built-in Customizable Alerts - Stay ahead with built-in alerts that can be customized via user input settings.
🎯 Practical Applications
Our Zigzag Indicator is designed with an understanding of its inherent nature - the last unconfirmed pivot that consistently repaints. This characteristic, while by design, directs its usage more towards pattern recognition rather than direct identification of market tops and bottoms. Here's how you can leverage the Zigzag Indicator:
Harmonic Patterns - Ideal for those familiar with harmonic patterns, this tool simplifies the manual spotting of complex XABCD, ABC, and ABCD patterns on charts.
Chart Patterns - Effortlessly identify patterns like Double/Triple Taps, Head and Shoulders, Inverse Head and Shoulders, and Cup and Handle patterns with enhanced clarity. Navigate through challenging patterns such as Triangles, Wedges, Flags, and Price Channels, where the Zigzag Indicator adds a layer of precision to your breakout strategy.
Elliott Wave Components - The indicator's detailed pivot highlighting aids in identifying key Elliott Wave components, enhancing your wave analysis and decision-making process.
🎲 Deep Dive into Indicator Features
Join us as we explore the intricate features of our indicator in more detail.
🎯 Multi-Timeframe Capability
Our indicator comes equipped with an input option for selecting the desired resolution. This unique feature allows users to view higher timeframe Zigzag patterns directly on their lower timeframe charts.
🎯 Recursive Multi Level Zigzag
Our advanced recursive approach creates multi-level Zigzags from lower-level data. For instance, the level 0 Zigzag forms the base, calculated from specified length and depth parameters, while level 1 Zigzag is derived using level 0 as its foundation, and so forth.
The indicator not only displays multiple Zigzag levels but also offers settings to emphasize specific levels for more detailed analysis.
🎯 Sub-Components and Micro-Components of Zigzag Wave
Sub-components within a Zigzag wave consist of the previous level's Zigzag pivots. Meanwhile, the micro-components are composed of the base level (Level 0) Zigzag pivots encapsulated within the wave.
🎯 Curved Zigzag
Experience a new perspective with our curved Zigzag display. This innovative feature utilizes the polyline curved option to automatically generate sinusoidal waves based on multiple points.
🎯 Indicator Tracking
Default indicators such as RSI, MFI, and OBV are included, alongside the ability to track one external indicator at each Zigzag pivot.
🎯 Customizable Alerts
Our indicator employs the `alert()` function for alert creation. While this means the absence of a customization text box in the alert settings, we've included a custom text area for users to create their own alert templates.
Template placeholders include:
{alertType} - type of alert. Either Confirmed Pivot Update or Last Pivot Update. Depends on the alert type selected in the inputs.
When Last Pivot Update type is selected, the alerts are triggered whenever there is a new Zigzag Pivot. This may also be a repaint of last unconfirmed pivot.
When Confirmed Pivot Update type is selected, the alerts are triggered only when a pivot becomes a confirmed pivot.
{level} - Zigzag level on which the alert is triggered.
{pivot} - Details of the last pivot or confirmed pivot including price, ratio, indicator values and ratios, subcomponent and micro-component pivots.
🎲 User Settings Overview
🎯 Zigzag and Generic Settings
This involves some generic zigzag calculation settings such as length, depth, and timeframe. And few display options such as theme, Highlight Level and Curved Zigzag. By default, zigzag calculation is done based on the latest real time bar. An option is provided to disable this and use only confirmed bars for the calculation.
Indicator Settings
Allows users to track one or more oscillators or volume indicators. Option to add any indicator via external input is provided.
🎯 Alert Settings
Has input fields required to select and customize alerts.
Harmonic PatternsHarmonic Patterns
Harmonic Pattern utilizes the recognition of specific structures that possess distinct and consecutive Fibonacci ratio alignments that quantify and validate harmonic patterns. These patterns calculate the Fibonacci aspects of these price structures to identify highly probable reversal points in the financial markets. This methodology assumes that harmonic patterns, like many patterns and cycles in life, continually repeat.
Input Parameters:
Zigzag Setup:
These group of parameters are used to identify the swing points. The script also draws the Zigzag line and swing labels based on these parameters.
Harmonic Pattern Setup:
Ignore XD leg calculations – Optionally one can choose to ignore the XD leg calculation.
Fixed value leg offset % - Fixed value leg parameters are such parameters where single value Fibonacci value is used. This makes pattern identification very rare. To overcome this one can input % value which would be used to derive the range of Fibonacci numbers for pattern identification. E.g. XD leg in Bat pattern has fixed leg of 88.6%, If we input 5% as fixed value leg offset % then instead of fixed value of 88.6%, script calculates range as 88.6% + 5% (Value 1) and 88.6% - 5% (Value 2) and uses the same for pattern identification.
The script plots a diamond shape label on the last candle of the chart. The label has been enabled with a tooltip which shows number of patterns of each type along with the time where latest pattern is located.
This script covers harmonic patterns listed in the table below. Each harmonic pattern has bullish and bearish variants. All these patterns have 4 legs known as XABCD.
The Patterns have been configured as specified in the table below. Refer to Figure 1 and Figure 2 to understand how to read and interpret the table.
Figure 1
Figure 2
Pro Trading Art - Candlestick Patterns with alertAll candlestick pattern based on "Japanese candlestick charting techniques".
Currently Supported List of Candlestick Patterns :
Hammer
Hanging Man
Inverted Hammer
Shooting Star
Morning Star
Evening Star
Bullish Engulfing
Bearish Engulfing
Important Points:
1. You can create alert for all patterns.
2. You can modify multiplier(Length Of Shadow) for Hammer, Hanging Man, Inverted Hammer and Shooting Star
3. You can modify EMA length for upward and downward validation of any pattern.
Candlestick Patterns by Dipak V2I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming versions.
This script is for only learning purpose and not for treading realtime. In this script, it only identifies the pattern and does not check for its confirmation or does not provide any stop-loss, Also it does not check the prior trend before the pattern. These things really matter in the live trade. But in future, I am planning to add these things.
If you like my work, please like or comment your ideas I will try to include those in upcoming versions.
Hanging Man:
Hanging man is a bearish reversal candlestick pattern that signals about the uptrend or advancing phase are over and bulls have lost their control. Color of the candle is not important.
Identity:
1) Comes after a significant up rally or uptrend or advancing phase.
2) Small real body at the top.
3) Long lower shadow at least twice the real body.
4) Very small or no upper shadow.
Confirmation:
Immediate next candle’s close should be below the hanging man’s real body.
StopLoss:
There is a potential resistance level above the top of the hanging man. Stoploss should be above the resistance area or at the high of the hanging man.
Hammer:
Hammer is a bullish reversal candlestick pattern that signals about the downtrend or declining phase are over and bears have lost their control. Color of the candle is not important.
Identity:
1) Comes after significant down rally or downtrend or declining phase.
2) Small real body at the top.
3) Long lower shadow at least twice the real body.
4) Very small or no upper shadow.
Confirmation:
Immediate next candle’s close should be above the hammer’s low.
StopLoss:
There is a potential support level below the low of the hammer. Stoploss should be below the support area or at the low of the hammer.
Note: The candle is the same for Hanging Man and Hammer , Difference is where they appear in the uptrend or in the downtrend that makes the real difference.
Custom Date MarkersCustom Date Markers - Pine Script Indicator
This indicator provides a powerful visual tool for technical and pattern analysis by allowing traders to mark up to 10 specific historical dates with customizable vertical lines on any chart. Each date can be assigned its own unique color, making it easy to categorize and distinguish between different types of events or market catalysts.
Primary Use Cases:
The indicator excels at identifying cyclical patterns and recurring market behavior. By marking significant dates such as earnings announcements, Federal Reserve meetings, dividend ex-dates, or seasonal events, traders can quickly visualize whether stocks consistently react in similar ways around these recurring dates. This is particularly valuable for discovering hidden patterns that might not be obvious from price action alone.
Practical Applications:
Earnings Analysis: Mark historical earnings dates to see if a stock tends to rally or sell-off before/after announcements
Macro Events: Identify how assets respond to FOMC meetings, CPI releases, or other economic data
Seasonal Patterns: Track dates that show recurring volatility or directional moves (like tax deadline periods, end-of-quarter re balancing, etc.)
Event Studies: Analyze the impact of company-specific events like product launches, FDA approvals, or leadership changes
Advanced Insights:
What makes this tool particularly interesting is its ability to reveal non-obvious correlations. For example, you might discover that a retail stock consistently experiences volume spikes 2-3 weeks before Black Friday across multiple years, or that certain tech stocks show weakness during specific conference dates. The color-coding feature allows you to layer multiple event types simultaneously—perhaps using red for bearish catalysts and green for bullish ones—creating a visual heat map of historical market reactions.
The indicator's 6-month default spacing (covering 4.5 years) is strategically designed to capture multiple business cycles while maintaining clarity on the chart. This timeframe is long enough to identify genuine patterns rather than coincidences, yet focused enough to remain relevant to current market conditions.
Pro Tip: Combine this indicator with volume analysis or other technical indicators to validate whether the patterns you observe are accompanied by meaningful market participation or if they're statistical noise.
Phoenix Pattern Scanner v1.3.2 - Multi-Pattern, Score & PresetsAdvanced multi-pattern scanner with intelligent presets and heuristic scoring system.
🎯 KEY FEATURES
- 5 Trading Style Presets: Conservative, Balanced, Aggressive, Swing, Scalp
- 4 Core Patterns: RVOL (unusual volume), Momentum breakout, RSI bounce, Gap & Go
- Heuristic Score (0-100): Visual ranking system for signal quality
- Per-Pattern Anti-Noise: Prevents signal spam with configurable minimum distance
- Relative Strength %: Compare performance vs benchmark (default SPY)
- Squeeze Detection: Identifies low volatility compression (BB inside Keltner)
📊 SMART FILTERS
- Minimum price and average dollar volume gates
- Weekly trend confirmation (optional)
- Separate lookback periods for each pattern
- Configurable RSI length and Gap parameters
⚙️ CUSTOMIZATION
- All parameters adjustable via settings
- Toggle individual components on/off
- Clean info panel with real-time metrics
- Color-coded score visualization
📍 BEST USED ON
- Daily timeframe (primary design)
- Liquid stocks above $5
- As a screening tool alongside your analysis
⚠️ IMPORTANT NOTES
- Educational/informational tool only
- NOT financial advice or trade signals
- Heuristic score is diagnostic, not predictive
- Past pattern behavior ≠ future results
💡 QUICK START
1. Select a preset matching your style
2. Adjust filters for your market
3. Set alerts for patterns you want to track
4. Use score as relative ranking, not absolute signal
Version 1.3.2 - Stable release
Open source - Free to use and modify
Feedback and improvements welcome
Candlestick Patterns Dashboard Pro+ [ULTIMATE]Unleash the power of automated candlestick analysis with the most comprehensive and customizable pattern detection tool on TradingView. This is not just another pattern scanner; it's a complete trading dashboard designed to identify, score, and confirm high-probability setups, saving you hours of manual chart analysis.
Built with performance and reliability in mind, this script goes beyond simple detection by introducing a unique reliability score for every pattern, advanced confirmation filters, and a powerful on-screen dashboard to keep you informed.
Key Features
📈 Comprehensive Pattern Detection: Automatically identifies 13 of the most effective candlestick patterns, including Bullish/Bearish Engulfing, Hammer, Shooting Star, Doji, Morning/Evening Star, and more.
🔟 Dynamic Reliability Scoring: Every pattern is assigned a score from 1-10 based on its confirmation strength. Factors include candle body size, volume confirmation, trend alignment, and higher-timeframe confluence, giving you a quantifiable measure of a pattern's potential.
📊 The Ultimate Dashboard: Your at-a-glance command center. The on-screen dashboard provides a complete summary of all active patterns, showing you exactly when they last occurred and highlighting the most recent signals. It also includes an "Overall Bias" meter for a quick sentiment check.
🛡️ Trade Smarter with Advanced Confirmation Filters: Eliminate low-quality signals and focus on what matters.
Trend Alignment: Use SMA(50) and SMA(200) to only show patterns that agree with the dominant market trend.
Volume Confirmation: Validate patterns by requiring a surge in volume.
Non-Repainting HTF Confirmation: Ensure your patterns align with the trend on a higher timeframe (e.g., Daily trend for a 4H signal) using a reliable, non-repainting method.
Market Condition Filter: Isolate patterns that occur only in "Trending" or "Ranging" markets.
Time Filter: Restrict pattern detection to specific trading sessions.
🔧 ‘Fuzzy Logic’ for Real-World Trading: Textbook patterns are rare. Use the "Fuzzy Logic" settings to adjust the criteria for patterns like the Hammer, Piercing Line, and Doji, allowing you to catch imperfect but still valid real-world formations.
⚙️ Fully Customizable Scoring: You decide what's important! Adjust the bonus scores for volume, trend, and other factors to create a scoring system that perfectly aligns with your trading strategy.
🚨 Powerful & Customizable Alerts: Never miss an opportunity.
Create alerts for any individual pattern.
Get notified of "Pattern Clusters" when multiple bullish or bearish signals appear in close succession.
Customize the alert messages to be compatible with your favorite trading automation services.
🚀 Performance Optimized: A "Max Bars Back" setting ensures the script runs smoothly and efficiently, even on lower-end devices or extensive historical data.
How To Use This Indicator
For Confirmation: The primary strength of this tool is for confirmation. Do not trade based on patterns alone. Use the detected signals to confirm your own analysis, such as a pattern appearing at a key support/resistance level, a trendline, or a Fibonacci retracement. A Bullish Engulfing pattern at a major support level is a much stronger signal than one appearing in the middle of a range.
For Discovery: Use the Dashboard to quickly scan through your favorite assets. A dashboard full of recent bullish signals on one asset, and bearish on another, can instantly help you focus your attention for the day.
Customizing for Your Style:
Start with the Market Presets ("Forex," "Stocks," "Crypto") for a solid baseline.
Dive into the Scoring Weights to tell the indicator what you value most. A pure volume trader might increase the Volume Bonus score.
Adjust the Fuzzy Logic settings based on your market's volatility. A volatile crypto market might require a more lenient Doji definition than a stable blue-chip stock.
Setting Up Alerts:
Add the indicator to your chart.
Click the "Alert" button in the TradingView toolbar.
Set the "Condition" to "Candlestick Patterns Dashboard Pro+ ".
Choose the specific alert you want from the dropdown (e.g., "Bullish Pattern Detected," "Bearish Pattern Cluster").
Customize the message if needed and click "Create."
A Note of Thanks
This script began as a personal project and has evolved into this ultimate version thanks to invaluable community feedback, bug reports, and suggestions. A special thank you to the users who helped identify and fix critical bugs related to syntax and variable scope. This collaborative effort has made the indicator more robust and reliable for everyone.
Disclaimer: This tool is for educational and analytical purposes only. All trading involves substantial risk. Past performance is not indicative of future results. Please trade responsibly.
Candlestick Pattern Indicator – Doji, Harami, More [algo_aakash]This Candlestick Pattern Indicator is designed to help traders identify key price action patterns like Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Morning Star, Evening Star, and many more directly on your TradingView chart. With customizable options to display both bullish and bearish patterns , this indicator provides real-time visual markers and labels, helping you make informed trading decisions.
Key features of the indicator include:
Detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Tweezer Tops, and more.
Customizable settings for displaying pattern shapes, labels, and opacity, tailored to your trading preferences.
Option to plot signals only after a candle closes, ensuring accuracy.
Alerts for immediate notification of detected patterns.
Visual markers on the chart, including arrows and labels, for quick recognition of potential trade setups.
This indicator is ideal for traders who rely on candlestick patterns for technical analysis and want an automated tool to highlight these setups for easier decision-making.
Whether you're a beginner or an experienced trader, this tool will help you spot important patterns in real-time without cluttering your chart.
