Candlestick Patterns

4 nov. 2024

This versatile candlestick patterns indicator combines traditional pattern recognition with trend detection and advanced alerting capabilities. It identifies key candlestick formations while validating them against market context through trend analysis.

### Features

🎯 Pattern Detection:
• Morning Star & Evening Star
• Hammer & Inverted Hammer
• Hanging Man
• Shooting Star
• Inside Bar

📈 Smart Trend Detection:
• Multiple methods available:
- EMA (14, 28)
- SMA (50, 200)
- ZigZag
- Combined methods
- No trend detection option

🎨 Visual Signals:
• Clear up/down arrows
• Pattern labels with tooltips
• Optional ZigZag visualization
• Color-coded inside bars

⚡ Advanced Alerts:
• JSON-formatted alerts with complete market data:
- OHLCV data
- Pattern information
- Market context
- Time and symbol details
• Standard TradingView alerts
• Custom alert messages
• Token-based authentication

### Settings

▶️ ZigZag Parameters:
• Depth: Controls sensitivity
• Deviation: Fine-tunes pattern detection
• Backstep: Adjusts repainting behavior
• Visual customization options

▶️ Pattern Detection:
• Morning/Evening Star thresholds
• Hammer pattern sensitivity
• Inside bar visualization

▶️ Trend Detection:
• Multiple methods to choose from
• Combinable indicators for better accuracy

▶️ Alert Configuration:
• Customizable JSON template
• Token authentication
• Complete market data output

### How to Use

1. Add indicator to your chart
2. Choose preferred trend detection method
3. Adjust pattern parameters if needed
4. Set up alerts with your JSON template
5. Monitor for validated patterns

### Trading Tips

• Wait for pattern confirmation with trend alignment
• Use support/resistance validation
• Combine with other technical indicators
• Consider volume analysis
• Use alerts for automated trading systems

### Disclaimer

This indicator is for educational and informational purposes only. Always perform your own analysis and validation before trading.

Good luck trading! 📈

#patterns #candlesticks #technical #alerts #trading #strategy

5 nov. 2024

Notes de version

update alerts

22 janv.

Notes de version

Added validation of previous candles for all candlestick patterns to ensure more reliable pattern detection. For bullish patterns, checks that previous N candles have higher lows than the pattern's low. For bearish patterns, checks that previous N candles have lower highs than the pattern's high.