Bearish Candlestick Patterns (Patrones de velas Bajista)English
Bearish Candlestick Patterns Indicator
The "Bearish Candlestick Patterns" indicator is designed to identify and highlight key bearish candlestick patterns directly on your chart. This tool is highly beneficial for traders looking to spot potential trend reversals or bearish continuations in various markets, including forex, stocks, and cryptocurrencies. The indicator is built using Pine Script version 6 and includes several customizable options to adapt to your trading strategy.
Features:
Detects a variety of bearish candlestick patterns, including:
Evening Star
Bearish Engulfing
Shooting Star
Three Black Crows
Dark Cloud Cover
Hanging Man
Gravestone Doji
Trend Analysis: Automatically identifies uptrends or downtrends using SMA50 or SMA200 as references, or allows manual trend detection.
Alerts: Sends notifications when a new bearish pattern is detected, ensuring you never miss an opportunity.
Customizable Parameters: Fine-tune the detection settings, including shadow percentage, average body length, and trend rules.
Visual Representation: Patterns are labeled on the chart with clear tooltips for detailed explanations.
Who is it for? This indicator is ideal for traders at all levels who want to improve their technical analysis by integrating bearish candlestick patterns into their strategies. Whether you trade manually or use automated systems, this tool provides valuable insights into market trends and potential reversals.
Español
Indicador de Patrones de Velas Bajistas
El indicador "Patrones de Velas Bajistas" está diseñado para identificar y resaltar patrones clave de velas bajistas directamente en tu gráfico. Esta herramienta es altamente útil para traders que buscan detectar posibles reversas de tendencia o continuaciones bajistas en diversos mercados, incluyendo forex, acciones y criptomonedas. El indicador está desarrollado con Pine Script versión 6 y ofrece múltiples opciones personalizables para adaptarse a tu estrategia de trading.
Características:
Detecta una variedad de patrones de velas bajistas, incluyendo:
Estrella Vespertina (Evening Star)
Envuelven Bajista (Bearish Engulfing)
Estrella Fugaz (Shooting Star)
Tres Cuervos Negros (Three Black Crows)
Cubierta de Nube Oscura (Dark Cloud Cover)
Hombre Colgado (Hanging Man)
Doji Lápida (Gravestone Doji)
Análisis de Tendencia: Identifica automáticamente tendencias alcistas o bajistas utilizando las medias SMA50 o SMA200 como referencia, o permite detección manual de tendencia.
Alertas: Envía notificaciones cuando se detecta un nuevo patrón bajista, asegurándote de no perder oportunidades.
Parámetros Personalizables: Ajusta la configuración de detección, incluyendo porcentaje de sombras, longitud promedio del cuerpo, y reglas de tendencia.
Representación Visual: Los patrones son etiquetados en el gráfico con tooltips claros que ofrecen explicaciones detalladas.
¿Para quién es? Este indicador es ideal para traders de todos los niveles que deseen mejorar su análisis técnico integrando patrones de velas bajistas en sus estrategias. Ya sea que operes manualmente o utilices sistemas automatizados, esta herramienta ofrece valiosos insights sobre tendencias de mercado y posibles reversas.
نموذج نجمة المساء
Hammers & star Patterns After a Trend
1. **Candlestick Patterns Detection:**
- **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market.
- **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend.
- **Inverted Hammer**: A candle with a small body and a long upper wick, indicating a possible reversal after an uptrend.
2. **Volume Consideration:**
- The script checks if these patterns occur with **high trading volume**. If the volume is significantly higher than the average volume over a certain period, the pattern is highlighted.
3. **Trend Detection:**
- The script looks for a significant trend before the pattern appears:
- **Downtrend**: A significant downward movement in price is required before a Hammer is considered.
- **Uptrend**: A significant upward movement is required before an Inverted Hammer is considered.
4. **Additional Patterns:**
- **Morning Star** and **Evening Star** patterns are also detected:
- **Morning Star**: A three-candle pattern where the first candle is a large bearish candle, followed by a small-bodied candle, and then a large bullish candle, indicating a potential reversal from downtrend to uptrend.
- **Evening Star**: The opposite pattern, signaling a potential reversal from uptrend to downtrend.
5. **Visual Indicators:**
- The script **plots arrows** and **labels** on the chart to show where these patterns occur:
- **Hammers** and **Inverted Hammers** are marked with triangle arrows.
- **Morning Stars** and **Evening Stars** are marked with labels.
In summary, this script helps traders identify key candlestick patterns that may signal potential reversals in price trends, with special emphasis on patterns that occur with high volume and after significant price movements.
Morning & Evening Star [TradingFinder] Stock Indices Gap Candle🔵 Introduction
In "technical analysis", there are certain reversal patterns that alert us to a potential reversal of a stock's previous trajectory.
Two significant patterns in this regard are the "Morning Star" pattern and the "Evening Star" pattern, which are formed by a combination of three different candlesticks and are considered as reversal patterns.
Here, we will examine how to identify these patterns and how to respond to them.
🟣 Morning Star Pattern
This pattern forms at the end of a downtrend and indicates the beginning of an uptrend.
The pattern consists of three candlesticks in the following order :
1.A large bearish candlestick
2.A candlestick with a short body
3.A bullish candlestick
With the formation of the morning star pattern, it is expected that the stock price will change direction and continue to rise. Therefore, in such situations, it is advisable to enter a long position and follow the uptrend.
Signs of the morning star pattern :
•The first sign of this pattern is the presence of a small-bodied candlestick at the end of the trend, accompanied by a gap from the previous candlestick (a bearish candlestick with a large body). Therefore, the bodies of the first and second candlesticks do not overlap.
•The second candlestick indicates market confusion and uncertainty. The color of the middle candlestick is not significant.
•The third candlestick must be positive and have a higher price than the previous candlestick (i.e., the small-bodied candlestick).
•The closing price of the third candlestick must be higher than half of the first candlestick.
🟣 Evening Star Pattern
This pattern forms at the end of an uptrend and indicates the beginning of a downtrend.
The pattern consists of three candlesticks in the following order :
1.A large bullish candlestick
2.A candlestick with a short body
3.A bearish candlestick
With the formation of the evening star pattern, it is expected that the stock price will change direction and continue to fall. Therefore, in such situations where this pattern is identified, it is advisable to refrain from entering a long position.
If the stock is traded in a two-way market, it is possible to profit by taking a short position after the formation of the evening star pattern.
Signs of the evening star pattern :
•The first sign of this pattern is the presence of a small-bodied candlestick at the end of the trend, accompanied by a gap from the previous candlestick (a bullish candlestick with a large body). Therefore, the bodies of the first and second candlesticks do not overlap.
•The second candlestick indicates market confusion and uncertainty. The color of the middle candlestick is not significant.
•The third candlestick must be negative and have a lower price than the previous candlestick (i.e., the small-bodied candlestick).
•The closing price of the third candlestick must be lower than half of the first candlestick.
🔵 How to Use
The "Filter" and "Market" features are available in the settings section, allowing you to customize the output of the indicator according to your needs.
With the "Filter" feature, you can filter the "Morning Star" and "Evening Star" patterns as "strong" or "weak." The difference between strong and weak patterns lies in their "Candle Body."
In strong patterns, the candle bodies account for more than 80% of the total candle range, while in weak patterns, the bodies comprise between 60% to 80% of the candle range.
If the "Filter" feature is set to "On," only strong patterns will be displayed. If it's set to "Off," all patterns will be displayed. By default, it's set to "Off."
The "Market" feature allows you to include "gaps" in your pattern identification calculations. You can choose between "Forex" and "Stock" modes. In the Forex pattern, calculations are performed without considering gaps since there are fewer gaps in the Forex market.
If gap calculations were to be part of the pattern identification conditions, only a very small number of patterns would be identified. However, in the "Stock" mode, gaps are considered as part of the identification conditions.
Modified morning and evening starsThis script highlights modified version of evening and morning star candlestick patterns. Volume has also been added in the script to create convergence of volume with price action.
It is recommended to use these patterns for positional trading. It is advised to use
Morning star at the bottom of the downtrend
Evening star at the top of the uptrend
Avoid entries against above recommendations
AutoCandlesHi everyone!, this Script is the first in my series of candlesticks indicators. Currently it supports only a few, but it´s quite strict about them, contrary to most scripts I do thorough calculations to avoid false signals, if you would like to soften the indicators so it generates more signals feel free to ask.
It uses the same interface for showing as the Candlestick Scanner by Nicolas, but use different formulas.
I encourage everyone to comment what indicators they would like to add (with proper reference so I can actually add them) or to correct improper behavior in the indicator. This way I will be able to perfect the indicator and make it more useful to everyone.
If anyone reads the pine code and wonders why I compare to the average true range frequently the answer is quite simple, it's done to make the algorithm work in ANY symbol, so concepts like long bars or "visible" gaps can actually be coded.
If anyone needs to hide the 0.0000 values of the script it needs to go to the properties of the chart, then background and then uncheck indicator values.
Candlestick Patterns [DW]This is a simple study designed to track multiple candlestick patterns. Custom alerts included.
