1. Pattern Detection: - Identifies both bullish and bearish bald candles - Uses ATR for dynamic size measurements - Checks for minimal wicks and proper candle body size
2. Visualization: - Colors the bald candles (green for bullish, red for bearish) - Adds triangular markers above/below the candles - Places labels with pattern information
3. Customization Options: - Adjustable wick size threshold - Configurable minimum and maximum candle sizes - All measurements are relative to ATR for adaptability
4. Alerts: - Built-in alert conditions for both patterns - Can be used to set up custom alerts in TradingView
To use this indicator: 1. Apply it to your chart 2. Adjust the input parameters to fine-tune the detection: - Increase `wickThreshold` to allow for slightly larger wicks - Modify `minCandleSize` and `maxCandleSize` to catch different sized candles 3. Set up alerts if desired