Hammer and Shooting Star Candle analysis >)
“The home crowd have been right behind their team and there are boos for the officials as they walk off at half-time. Elanga was unfortunate not to win the free-kick, although the clearer foul on him had come before the final tumble. He is entitled to think the ref would bring that back. Instead, United are a goal down.
Built with love "Smarter Pullback + Candlestick Pattern"
This indiator will help you to find a Pullback + Candlestick Pattern, inspirated by Steven Hart
You can combine with your own strategy, or use this purely
Measure the risk first before use it in real market
Backtest The Strategy was very important, so you know the probability
This indicator is an all-in-one " The Strat " script. This script displays the following:
The Strat candle numbers (1's, 2's, & 3's)
The Strat Combo labels along with trigger line
Pivot Machine Gun ( PMG ) dynamic labels
Hammer & Shooter candle labels
The Strat Candle Numbers label each candle, on any timeframe, either a 1, 2, or 3. 1's are inside...
The script combines my favorite signals then filters them with three EMAs.
Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below.
All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts...
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...
This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart.
Options available for trend detection, lookback period, and selecting candle pattern.
Plots an arrow above a hammer candle or candle with big lower wick. Yellow signifies a candle with higher than average volume. Blue is a lower than average volume candle. Hammers/Lower Wick candles are best after a drop in price or near bottoms.
RELATIVE STRENGTH INDEX (RSI)
This is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...!
I have set it as the default setting
- RSI Length: 7
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with...
Indicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts.
Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your...
This script trades basic hammer and shooting star candlestick patterns.
It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs.
It is intended to be traded on the forex markets but theoretically should work on all...
This script will help you to find Hammer candles and also Shooting star candles.
These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal.
I hope you find it helpful and enjoy it.
Please leave your comments for improving this script.
Most Advanced & Accurate CandleStick Pattern Detector
Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type)
Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable.
With this you can detect:
This is Bitcoin Bullish Percent Index script. First lets talk about what the Bullish Percent Index and how it is calculated:
"The Bullish Percent Index (BPI) is a breadth indicator based on the number of securities on Point & Figure Buy Signals, Developed by Abe Cohen in the mid-1950s. Because a security is either on a P&F Buy or Sell Signal,...
This script computes the strength of pin bars.
This script uses the corrent and the previous two bars to compute the strength of pin bars.
The strength of pin bars can be also comared with average true range, so we can evaluate those pin bars are strong or weak.
Pin bar is a popular price action trading strategy.
It is based on quick price...
This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.
There are three scaling methods: User Defined, Dynamic (ATR) and Percentage
Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages
Optionally you can hide the Wicks, example:
I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming...
A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range.
A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range.
These candles should not be used by themselves...