🔵 Introduction "Reversal candlestick patterns" are among the Japanese candlestick patterns considered as alerts for a potential change in the current price trend. It is often assumed that by identifying reversal candlestick patterns, the price trend will definitely change, either from bullish to bearish or from bearish to bullish. However, this claim is not...
This script detects 6 important candlestick patterns defined by the author and puts chart labels on your chart for your attention. It also includes a smart trend checking algorithm to detect trends. The six candlestick patterns covered are: Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Cover Bullish Harami Bearish Harami *** Smart...
DcPi stands for dark cloud and piercing , This is a very reliable pattern for intraday trades. Precondition- Whenever a big move is followed by gap(up/down) open next day. Trade Setup- Wait for price to enter in previous day range. Aggressive traders can enter trade as soon as price enters previous day range, safe traders can wait for 1st 5 minute candle...
this study is another script based on the candlestick pattern . there are a few filters implemented to be applied to the output result to clear out noises. it sounds like finding real Dark Cloud Cover instances are too rare (interesting though!). Dark Cloud Cover it is a bearish reversal candlestick pattern where a down candle (typically bearish) opens...
Questo candlestick pattern parla da solo! Come potete vedere dal grafico questo pattern individua i massimi e i minimi, più o meno momentanei. Si possono effettuare svariati tipi di trade in quanto è valido per tutti i tipi di mercato e timeframe e potrebbe essere ottimo per il trading di breve termine o scalping in base al timeframe utilizzato. Si basa sul Dark...
The script highlights the 2 candlesticks pattern: BEARISH Dark Cloud Cover/BULLISH Piercing on the main chart screen, and has a preset alert condition. Please use an oscillator that shows oversold and overbought conditions with this script (i.e. StochRSI oscillator).
Script contains Dark Clowd Cover and Piersing Line patterns. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.