This technical indicator automatically identifies price action based on Reversal Candlestick Patterns on the chart and draws arrow signs with pattern names. Using this indicator, you can find all the latest reversal candlestick patterns easily. On the other hand, you can compare chart analysis with previous and latest identified candle patterns.
Implemented Candlestick Patterns
- Dragonfly Doji
- Gravestone Doji
- Hanging Man
- Inverted Black Hammer
- Inverted Hammer
- Long Lower Shadow
- Long Upper Shadow
- Pin Bar
- Bearish Harami
- Bearish Harami Cross
- Dark Cloud Cover
Upcoming candlestick patterns: Shooting Star, Bearish 3-Method Formation, Bullish 3-Method Formation, Bullish Harami, Bullish Harami Cross, Engulfing Bearish Line, Engulfing Bullish, Evening Doji Star, Evening Star, Falling Window, Morning Doji Star, Morning Star, On Neckline, Three Black Crows, Three White Soldiers, Tweezer Bottoms, Tweezer Tops, Doji Star, Piercing Line, Rising Window.
- Identifies the most popular price action based on simple and complex candlestick patterns.
- Signals are filtered by trend and historical data.
- Draws arrows and pattern name for identified candles.
- Arrow type and colors of all items can be customized for better view.
- Graphic Parameters
- Buy Color - Buy signal color (Arrows and all other objects)
- Buy Sign - Character for buy signal (Wingdings)
- Sell Color - Sell signal color (Arrows and all other objects)
- Sell Sign - Character for sell signal (Wingdings)
- Distance -Distance for draw arrow from candle high/low
- Other parameters
- Hi-Lo Margin - Margin level from day high and low for analyze candlestick patterns
2. Optimized complete algorithm for fast activity rather than v1.1
3. Added new Candlestick Patterns.
4. Updated the product logo.
5. Removed some parameters from input window and added new parameters.
6. Added pattern names.