This indicator helps identify multiple Japanese candlestick patterns in real-time, highlighting potential reversal and continuation signals through color-coded bars.
Key Features: - Detects 13 major candlestick patterns - Easy-to-read color highlighting system - Customizable trend period and sensitivity - Non-repainting signals
Patterns Detected: ✓ Engulfing Patterns (Bullish/Bearish) ✓ Harami Patterns (Bullish/Bearish) ✓ Morning & Evening Stars ✓ Hammer & Inverted Hammer ✓ Shooting Star ✓ Piercing Line & Dark Cloud Cover ✓ Kicker Patterns (Bullish/Bearish) ✓ Hanging Man
Settings: - Pattern Trend Length: Adjusts the lookback period for trend confirmation - Doji Size: Controls the sensitivity of pattern detection
This indicator is ideal for both beginners and experienced traders looking to enhance their technical analysis with classical candlestick patterns.
Note: Always use this indicator in conjunction with other forms of analysis and proper risk management.