This script detects the following candlestick patterns:
Bullish Patterns:
- Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bullrami (Altenate Bull Harami)
Bearish Patterns:
- Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bearami (Alternate Bear Harami) - Shooting Star
How it works: - When you add the script to your chart, green and red dots will appear at the top and the bottom of the chart. - Red dots at the top of the chart point out the candles that have completed a bearish pattern . - Green dots at the bottom of the chart point out the candles that have completed a bullish pattern .
How to use: Use it in conjunction with other analysis tools ( Fibonacci Retracements, Histogram, Willy, RSI , volume , etc) to determine high probability levels.