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Candlestick Indicator by Crypto_Adhyeta

1 018
A script to identify possible trend reversal based on Candlesticks. The correct candlestick type is identified by the relative position to Exponential Moving Average.

It detects:
- Hammer - if emerges during a downtrend (close below EMA(5)), the downtrend should end.
- Hanging Man - if comes after a advance (close above EMA(5)), the uptrend should end.

Confirmation:
- for aHammer not required
- a Hanging Man should be confirmed by lower close by the next candle
發行說明
Exponential moving average set to 4.
發行說明
revised script code
發行說明
"Doji" candlestick identification has been added. Tolerance of 0.01% between Open & Close is being used.
發行說明
revised code
發行說明
EMA changed back to 5.

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