OPEN-SOURCE SCRIPT
已更新 Piercing Line Pattern Trading Setup
this study is the first one of a series of scripts based on the candlesticks pattern which will be published over time. There are several such scripts out there that can be found on TradingView but they seem to be inaccurate with a lot of noises and messy hard to understand code. In this script, I've tried to have a clean and easy to get
of the pattern itself and the method for detecting it with enough parameters to filter out the noises.
Piercing Pattern
A piercing pattern is a technical trading signal that is formed by a closing down day with a good-sized trading range, followed by a trading gap lower the following day with a bullish candlestick that covers at least half of the upward length of the previous day's bearish candlestick body, finishing with a close higher for the day. A piercing pattern often signals the end of a small to moderate downward trend. A piercing pattern can serve as a potential indicator for a bullish reversal. This pattern is formed by two consecutive candlestick marks. The first candlestick is bearish signifying a down day and the second is bullish signifying an up day. When a trader is watching for a bullish reversal any red candlestick followed by a green candlestick could be an alert. There are a few things that set a piercing pattern apart from a general red candlestick green candlestick pattern. In a piercing pattern, a green candlestick follows a red one with a significant gap in the red candlestick close and green candlestick open. On the second-day green candlestick, the candlestick’s body must also lengthen to cover at least half of the previous day’s red candlestick. Generally, the gap down and substantial increase to the closing price are good signs for a reversal. In a piercing pattern, the second-day green candlestick will close at or above the midpoint of the previous day’s red candlestick.
please provide me with your valuable comments,
thanks for your attention,
of the pattern itself and the method for detecting it with enough parameters to filter out the noises.
Piercing Pattern
A piercing pattern is a technical trading signal that is formed by a closing down day with a good-sized trading range, followed by a trading gap lower the following day with a bullish candlestick that covers at least half of the upward length of the previous day's bearish candlestick body, finishing with a close higher for the day. A piercing pattern often signals the end of a small to moderate downward trend. A piercing pattern can serve as a potential indicator for a bullish reversal. This pattern is formed by two consecutive candlestick marks. The first candlestick is bearish signifying a down day and the second is bullish signifying an up day. When a trader is watching for a bullish reversal any red candlestick followed by a green candlestick could be an alert. There are a few things that set a piercing pattern apart from a general red candlestick green candlestick pattern. In a piercing pattern, a green candlestick follows a red one with a significant gap in the red candlestick close and green candlestick open. On the second-day green candlestick, the candlestick’s body must also lengthen to cover at least half of the previous day’s red candlestick. Generally, the gap down and substantial increase to the closing price are good signs for a reversal. In a piercing pattern, the second-day green candlestick will close at or above the midpoint of the previous day’s red candlestick.
please provide me with your valuable comments,
thanks for your attention,
發行說明
some minor code formatting corrections as well as making the code compliant with trading-view rules發行說明
some minor code formatting corrections開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
© Ehsan Haghpanah (crumus.com)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
© Ehsan Haghpanah (crumus.com)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。