PROTECTED SOURCE SCRIPT
Candlestick Indicator by Crypto_Adhyeta
Обновлено
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
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
Информация о релизе
Exponential moving average set to 4.Информация о релизе
revised script codeИнформация о релизе
"Doji" candlestick identification has been added. Tolerance of 0.01% between Open & Close is being used.Информация о релизе
revised codeИнформация о релизе
EMA changed back to 5.
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