My first script to identify pin bars with a predefined rules, any feedbacks are welcome. Rules Bullish Candle 1. Body of the candle should be above the 50% of the day's price range AND 2. Either the open or the close should be above the 30% of the day's price range if both the above conditions are met then a bullish arrow is produced with "B". ...
Description: ============= This indicator plots MAs and paints Triggered Alert Arrows base on Flying Buddha candle patterns. The “Flying Buddha” Pattern is defined as: --------------------------------------------- A candlestick chart with two moving averages: the 5 period exponential moving average (fast EMA) and the 10 period simple moving average (slow SMA),...
The indicator identify real pin bar candle (the shadow must be 2x the body)
This indicator is everything you need to do Price Action Trading. It provides signals about: Inside Bars Pin Bars Fakey Pin Bars (background color red or green for bearish or bullish fakeys)
The script highlights "Fuller's pins" and generates alerts when these bars are appearing