This indicator changes the color of the candlesticks when there’s a change in the trend to the rising or falling trend.
BEARISH ENGULFING: Yellow candlestick. It is an engulfing falling trend reversal; you must make a sell decision.
BEARISH HARAMI: White candlestick. Indicates a possible falling trend change, you must be alert for a possible sale.
Bullish Engulfing candle that considers the length of the candle and the position of the candle in a downtrend.
Bearish Engulfing candle that considers the length of the candle and the position of the candle in an uptrend.
I 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...
Its a simple analysis using Candle Pattern Technique, Engulfing. The script will find the engulf candle by considering three bars before. For Bullish Engulfing it will be colored by yellow, and for Bearish will be white. I reccomend you for using this script in Daily Time Frame.
I now took the time and puzzled through my own indicator.
Main "strategy" uses 3 EMAs (8, 13 and 21) to attain trend-relevant information.
Then we look for bullish & bearing engulfing candles which indicate and pullback into trend direction and a gain in momentum.
One could now enter with next open. SL at low/high of...
This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators.
Convergence is the solution to my trading problems.
It's a puzzle with infinite possibilities and only a few working combinations.
Here's one that I like
- Engulfing pattern
- Price vs Moving average for detecting a breakout
This script is an extension of the classical engulf pattern with added rules and user defined features.
Engulfing Candle Definition:
- Bullish Engulfing: Trade BELOW the prior candle's LOW and CLOSE ABOVE the prior candle's HIGH. Previous candle can be an up (bullish) or a down (bearish) candle
- Bearish Engulfing: Trade ABOVE the prior candle’s HIGH and CLOSE...
Allows to specify the high and low look-back period for both Bullish and Bearish engulfing candles. In essence, it is an extension of the classical engulf pattern. By default lookback period is set to 3.
Can be used on any time-frame and any instrument. Previous candle is irrelevent.
An engulfing candle is defined as follows:
Bullish: Must trade BELOW prior...
Continuing deeper and stronger with the screeners serie. I keep getting requests private messages and requests saying that screeners aren't possible with TradingView.
My answer is always... "Reallyyy ??" (I never find a better answer than that...)
I'll publish a few screeners just for everyone to understand what can be done with Pinescript. We...
This script detects an event created by Oliver Velez is called Bull / Bear 180, in the following images the event is detailed:
- The size of the control bar can be set compared to a number of previous bars
- The minimum % of the control bar body can be set
- You can filter by...
Credit to HPotter for that script
I took his script and added alerts to it. 2 lines lol
But anyway, useful to detect reversals by coloring bullish/bearish engulfing candles :)
I have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers.
When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of
a reversal increases since buyers...