This is an updated version of my previous script, I have added a few extra Patterns and some patterns specs have chnaged over those specified by "Price Action Battle Station by theforexguy". Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the pattern finding calculations, for example Hammer and Shooting Stars are now special Pin Bars, they now must have preceding and succeeding confirm bars, so they do not occur very often.
NOTE: All the identification of PA candles is disabled by default.
Changes made in Version 2.0 :
Added Forex Morning and Evening Stars (the centre small candle is not a specific color).
Abbreviated text names for less cluttered look.
Change minimum/maximum bar sizes to be a % of current ATR, rather than pips, this makes relative sizing independent on Time Frame, and make the script work better with non-currency assets like stocks and commodities.
Change definition of Hammer and shooting Star so the the previous candle is part of a trend and is followed by a confirm candle.
Added some precendence test to reduce multiple action labels.
Nota Keluaran
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After some feedback from fellow traders I have made the following changes:
Definition for Outside Bar now does not require the previous bar to be opposite Colour (this the same as Inside Bars), but added a requirement for minimum size ratio compared to previous Bar (set to 1.1 by default). If you require previous Bar to be opposite colour, you could use Engulfing candles with Outside Bar option enabled.
Added Maximum size ratio requirement for Inside Bars (set to 0.9 by default).
Nota Keluaran
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Minor Update.
Added OverSized candle Pattern, the pattern is labelled when candle is some ratio (default 5) bigger than current ATR of chart time frame.
I'm usually a private trader but had to comment on how helpful this script is. You're an asset to the trading community, JustUncleL. Thank you.
Saner-Saner
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Once question @JustUncleL can I use this to trade Indeces? (DAX, NASDAQ & DOW)?
tongvu
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THANK YOU VERY MUCH
SuperRICH1688
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Thank you very much
michaeld3fi
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Great. Also, it would be great if we can adjust the colors of the text as well so it's easier to see whatever background color we choose. 👍👍👍
stergosfragk
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Wonderful indicator. Hope there were some way pine script allows us to remove or hide all the labels on top (n/a and zero colored numbers)
runNgun
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WOW! so amazing of you to make this and share the source. props to you for helping the community for free. gotta get some cheer coins so i can show my gratitude
Love_Trading_
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You can modify the name of the lower k-line, which means that you don’t need the name to represent the k-line on the top. You only need a k-line label to identify, so that the icon will be displayed beautifully, and there is no update. Pregnant line!
What are the definitions of the colors?