OPEN-SOURCE SCRIPT
Bullish Single Candle Patterns [Crypto Varthagam]
Description
- This indicator highlights three well-known single bullish candlestick signals:
Hammer – A small body with a long lower wick, often signaling potential reversal at the bottom of a downtrend.
Inverted Hammer – A small body with a long upper wick, showing potential reversal if followed by bullish confirmation.
Bullish Marubozu – A strong green candle with little to no shadows, representing clear buyer dominance.
How it works:
- The script measures candle body size relative to total range and wick size.
- It identifies patterns based on common candlestick rules (wick-to-body ratios and body position).
- Labels are plotted on the chart for easy recognition of these signals.
Unique aspects of this script:
-Clean, educational implementation focused only on three key single-candle bullish patterns.
- Uses precise mathematical ratios for consistent detection.
- Lightweight design that can be applied on any timeframe or asset.
Disclaimer:
This script is for educational purposes only. It does not provide financial advice. Always confirm signals with broader analysis, risk management, and additional tools before making trading decisions.
- This indicator highlights three well-known single bullish candlestick signals:
Hammer – A small body with a long lower wick, often signaling potential reversal at the bottom of a downtrend.
Inverted Hammer – A small body with a long upper wick, showing potential reversal if followed by bullish confirmation.
Bullish Marubozu – A strong green candle with little to no shadows, representing clear buyer dominance.
How it works:
- The script measures candle body size relative to total range and wick size.
- It identifies patterns based on common candlestick rules (wick-to-body ratios and body position).
- Labels are plotted on the chart for easy recognition of these signals.
Unique aspects of this script:
-Clean, educational implementation focused only on three key single-candle bullish patterns.
- Uses precise mathematical ratios for consistent detection.
- Lightweight design that can be applied on any timeframe or asset.
Disclaimer:
This script is for educational purposes only. It does not provide financial advice. Always confirm signals with broader analysis, risk management, and additional tools before making trading decisions.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.