OPEN-SOURCE SCRIPT

Continuation and Reversal Patterns

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  • This script helps in identifying the reversal and continuation patterns in the japanese candle sticks this can be applied across all time frames
  • we can configure the maximum number of weak candles in the zone such that we can configure the strength as per end user but maximum base candles is restricted to 5
    as any candles greater than that will make the pattern weak

Note : This is not a strategy rather a useful tool which suggests there might be continuation to the existing trend or there might be reversal , so use them with combination of other indicators and price action for better results

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.