CandleScope Pro
- Göstergeler
- Sürüm: 1.0
- Etkinleştirmeler: 5
This indicator automatically detects and visually marks the most important bullish and bearish candlestick reversal patterns on your chart.
It highlights each detected pattern with arrows, labels, and optional colored boxes, and displays a summary panel with pattern counts.
Supported Bullish Patterns:
- Hammer
- Inverted Hammer
- Bullish Engulfing
- Morning Star
- Bullish Harami
- Bullish Pin Bar
Supported Bearish Patterns:
- Shooting Star
- Bearish Engulfing
- Gravestone Doji
- Evening Star
- Bearish Harami
- Bearish Pin Bar
How CandleScope Pro Works
1. Pattern Detection
- The indicator scans the last 120 candles on any timeframe.
- It looks for well-known candlestick patterns (like Hammer, Engulfing, Harami, Pin Bar, etc.).
- Bullish patterns (buy signals) are detected when the price action suggests a possible upward move.
- Bearish patterns (sell signals) are detected when the price action suggests a possible downward move.
2. Visual Signals
- When a pattern is detected, the indicator:
- Draws an arrow on the chart (up for buy, down for sell).
- Adds a label with the pattern name.
- Optionally draws a box around the candle(s) forming the pattern.
3. Alerts
- For strong bullish Harami patterns, the indicator gives a buy alert.
- You can add alerts for other patterns if you wish.
4. Timeframe Flexibility
- The indicator works on any timeframe (M1, M5, H1, D1, etc.).
- On short-term timeframes (like M1, M5), signals are for quick trades (scalping/intraday).
- On long-term timeframes (like H4, D1, W1), signals are for swing or position trades.
How to Use for Buy/Sell, Short/Long Term
- Buy (Bullish) Signal:
When you see a green/blue arrow and label (Hammer, Bullish Engulfing, Morning Star, Bullish Harami, Bullish Pin Bar), consider buying. - Sell (Bearish) Signal:
When you see a red/orange/blue arrow and label (Shooting Star, Bearish Engulfing, Gravestone Doji, Evening Star, Bearish Harami, Bearish Pin Bar), consider selling. - Short-Term Trading:
Use the indicator on lower timeframes (M1, M5, M15). Enter and exit trades quickly based on the signals. - Long-Term Trading:
Use the indicator on higher timeframes (H4, D1, W1). Wait for strong patterns and hold trades longer.
Features:
- Customizable arrow symbols and colors for each pattern
- Optional label and box highlighting for detected candles
- Summary panel showing which patterns are currently detected and their counts
- Optimized for smooth performance
Usage:
- Attach the indicator to any chart and timeframe
- Use the settings panel to enable/disable patterns, change colors, symbols, and display options
This tool helps traders quickly spot key reversal signals and make informed trading decisions based on price action.
