Candlestick patterns identified and color coded according to position above or below 8EMA(TLine). Special thanks to repo32, DavidR, and Chris Moody for coding ideas.
Bullish candlestick buy signals have a greater probability of success when Stochastics are oversold. Bearish ones have a greater probability of success when overbought. Stack as many factors in your favor as possible. A candlestick signal by itself is of little value unless you apply additional information with it. An 8 EMA is coded also to help with buy/sell signals. Some of the videos by Steven Bigalow are on the Web to see how he uses it. youtube.com/watch?v=QpVbDVZHab0 Regardless of systems and strategies used, make your second trade first: Know when you're going to exit. Risk management rules. Good luck and good trading.
Thanks for sharing this. What does the yellow candle mean?
C-Stax
⋅
@sjcwealth, DId you figure out what the yellow candle means? I'm trying to figure that out too, as well as the purple candle
Panda-Sensei
⋅
@C-Stax, By chance did you figured out what those yellow and purple candles are.?
Sanbach
⋅
How I can get alert from this patterns great scrip ?.
Thanks
ARROW888
⋅
Hi RMwaddelljnr,Im new to trading view and ive been trying to create a script that shows a buy signal when there are 2 consecutive bars above the 8ema and a sell signal when there are 2 consecutive bars below the 8ema when when i came across this gem. Your script has everything and more. Is there an easy way to change this script to show the buy signal after 2 days above the 8 ema and a sell signal after 2 days below the 8 ema?