Exhaustion Candles (LG & Bashh)
This custom indicator is designed to automatically identify high-probability exhaustion candles on your chart. These specific candlestick patterns are characterized by a small body and a distinctive long wick on one side, signifying a strong rejection of price and a potential market reversal.
Unlike standard Doji indicators that look for a completely flat body, this script focuses on the structure of the candle to find true market exhaustion.
How it works:
Bullish Exhaustion (Green Body): Identifies candles with a long lower wick (tail) and a small body near the top. This indicates that sellers tried to push the price down, but buyers stepped in aggressively to close the price near the open.
Bearish Exhaustion (Red Body): Identifies candles with a long upper wick (tail) and a small body near the bottom. This indicates that buyers tried to push the price up, but sellers took control to close the price lower.
Credits:
Made by LG and Bashh
Join the community:
discord.gg
Penunjuk Pine Script®






















