This indicator identifies potential buy and sell signals based on specific candlestick patterns. The script evaluates two conditions for each signal:
Buy Condition: A bearish candle (candle A) is followed by a candle (candle B) with a lower low than candle A and a positive close above the open of candle A. Additionally, candle B's body must be greater than or equal to 75% of the body of candle A.
Sell Condition: A bullish candle (candle A) is followed by a candle (candle B) with a higher high than candle A and a negative close below the open of candle A. Additionally, candle B's body must be greater than or equal to 75% of the body of candle A.
The indicator plots triangles below the candles for buy signals and above the candles for sell signals. These signals can help traders identify potential entry points for long and short positions.
Buy Condition: A bearish candle (candle A) is followed by a candle (candle B) with a lower low than candle A and a positive close above the open of candle A. Additionally, candle B's body must be greater than or equal to 75% of the body of candle A.
Sell Condition: A bullish candle (candle A) is followed by a candle (candle B) with a higher high than candle A and a negative close below the open of candle A. Additionally, candle B's body must be greater than or equal to 75% of the body of candle A.
The indicator plots triangles below the candles for buy signals and above the candles for sell signals. These signals can help traders identify potential entry points for long and short positions.