PROTECTED SOURCE SCRIPT

Abhi's Binary Candle Prediction - Non Repainted

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This script identifies Candlestick patterns for both bullish and bearish scenarios using a non-repainting logic structure. It combines candlestick behavior with a trend filter based on a user-defined EMA to improve signal quality. Here's what it does:

🔍 Key Features:

Detects Bullish and Bearish Mat Hold patterns based on a strong trend candle followed by 2–3 pullback candles and a breakout confirmation.

Uses a 50 EMA (default) to filter trades in the direction of the trend.

Displays a warning symbol on the 5th candle when a pattern is forming (before confirmation).

Plots Buy (triangle up) and Sell (triangle down) signals on the confirmation candle (6th candle).

Draws a visual line from the initial big candle to the confirmation candle for better pattern visibility.

Provides built-in alert conditions for both the warning and confirmation stages to support real-time decision making.

📈 Customization:

Set the number of pullback candles (1–3).

Adjust the EMA length for trend filtering.

This tool is ideal for traders looking for binary-style trade setups with defined entry criteria and no repainting signals. Use it on higher timeframes for more reliable results, and always test in a simulated environment before live trading.

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.