Candles - The Whale

8. Sept. 2022

The strategy is based on candle patterns, with confluence indicators. Note some of the candles are rare, they can be found only a specific timeframe, or within specific stocks.
The added patterns are as follows:

• - Bullish Engulfing
  It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that indicates the continuation of the downtrend.
  The second candlestick is a long bullish candle that completely engulfs the first candle and shows that the bulls are back in the market.
  
• - Bullish Harami
  It consists of two candlestick charts, the first candlestick being a tall bearish candle, and the second, being a small bullish candle which should be in the range of the first candlestick.
  The first bearish candle shows the continuation of the bearish trend and the second candle shows that the bulls are back in the market.
  
• - Piercing Line
  Two candles from it, the first candle being a bearish candle which indicates the continuation of the downtrend.
  The second candle is a bullish candle that opens the gap down but closes more than 50% of the real body of the previous candle, which shows that the bulls are back in the market and a bullish reversal is going to take place.
  
• - Bullish Belt
  A Bullish Belt Hold, known as “yorikiri” in Japanese, is a single Japanese candlestick pattern that suggests a possible reversal of the current downtrend.
  
• - Bullish Kicker
  A bullish kicker is a two candlestick pattern that’s usually formed after a significant downtrend, but could also appear after an uptrend.
  
• - Abandoned Baby
  The abandoned baby candlestick pattern is a three-bar reversal pattern. It is similar to the morning and evening star formations and is a very reliable reversal signal when it occurs after a sharp rise or drop.
  
• - Homing Pigeon
  The bullish homing pigeon is a two-candle bullish reversal pattern that occurs at the end of a bearish trend. Both candles are negative, but the second candle is confined within the range of the previous candle.
  
• - Breakaway
  Breakaway patterns are multi-candle formations found on Japanese candlestick charts that suggest a market reversal may be in the offing. An actual breakaway is a five candlestick formation that occurs in either an upward or downward trend.
  
• - Concealing Baby Swallow
  The Concealing Baby Swallow candlestick pattern is a four-candlestick pattern that can signal a bullish reversal price movement or a bearish continuation move, depending on where it occurs in the overall market structure. However, the pattern is quite rare, and you may not encounter it in your trading.
  
• - Doji Dragonfly
  A dragonfly doji can be an indicator of a reversal in price. When the price of a security has shown a downward trend, it might signal an upcoming price increase.
  
• - Doji Gravestone
  The Gravestone Doji forms when the price closes at relatively the same level where it opened, providing that the open coincides with the low or at least the two are very close
  
• - Doji Star
  Consists of a long bullish candle, followed by a Doji that gaps up, then a third bearish candle that gaps down and closes well within the body of the first candle. An Evening Doji Star is a three-candle bearish reversal pattern similar to the Evening Star.
  
• - Kicker
  A kicker pattern is a two-bar candlestick pattern that predicts a change in the direction of an asset's price trend. This pattern is characterized by a sharp reversal in price over the span of two candlesticks. Traders use it to determine which group of market participants is in control of the direction.
  
• - Ladder Bottom
  Is a five-candle bullish reversal pattern that occurs at the end of a bullish trend. The four first candles are bearish and followed by a positive candle that starts with a positive gap.
  
• - MatHold
  A bullish pattern begins with a large bullish candle followed by a gap higher and three smaller candles which move lower.
  
• - Matching Low
  A matching low is a bullish two-candle reversal pattern that forms in an ongoing downtrend. As to its appearance, a matching low consists of two candlesticks that are negative, but the close at or around the same price.
  
• - Meeting Lines
  Bullish meeting lines are a two-candle bullish reversal pattern that occurs in a downtrend and signals a reversal of the trend. The first candle of the bullish meeting lines is bearish, and followed by a positive candle that closes very near the close of the previous candle.
  
• - Morning Doji Star
  It is made of 3 candlesticks, the first being a bearish candle, the second, a Doji, and the third being a bullish candle.
  The first candle shows the continuation of the downtrend. The second candle being a doji indicates indecision in the market. The third bullish candle shows that the bulls are back in the market and a reversal will take place. The second candle should be completely out of the real bodies of the first and third candles.
  
• - Rising Three Method1
  Rising three methods is a bullish continuation pattern that appears in an ongoing uptrend. The Rising three methods pattern consists of five candles. where the first and last candles are long and bullish, with three small bearish candles in between.
  
• - Rising Three Method2
  It is the same as "Rising Three Method1" but with a different calculation
  
• - Upside Tasuki Gap1
  Is a bullish continuation candlestick pattern that forms in an ongoing uptrend. It consists of three candles, where the two first are bullish with a positive gap in-between, and followed by a negative candle that closes in the gap formed between the first two candles.
  
• - Upside Tasuki Gap2
  It is the same as "Upside Tasuki Gap1" but with a different calculation
  
• - Three Line Strike1
  Is a four-candle bullish continuation candlestick pattern. It forms a bullish trend and is believed to signal the continuation of the bullish trend.
  
• - Three Line Strike2
  It is the same as "Three Line Strike2" but with a different calculation
  

The confluence indicators:
Movement Averages: multi options checks, you can select what to check to open a position, and the description of each open is in the strategy.
Volume Oscillator: positive signal if the volume is above zero.
EMA: positive signal if the candle source is above EMA.
VWAP: positive signal if the candle source is above VWAP.
BTC Trend: it is an equation to track the BTC price movement

The profit is based on TSL, while the stop loss is based on ATR, or lowest candle.
The recommended time frame is 4 hours.

17. Sept. 2022

Versionshinweise

- fixed LBCounter
- Added RisingThreeMethod3 pattern
- Added WhaleCandle pattern
- Added MarubozuCandle pattern
- Added stop-sell if there is a positive uptrend signal.
- Added smoothed ZLSMA, which will take only the short input.

21. Sept. 2022

Versionshinweise

Added new confluence Schaff Trend Cycle (STC) by everget.

3. Dez. 2022

Versionshinweise

Added CCI, you can filter the candles with CCI by setting the length, top and bottom numbers.
Added option to send custom messages for buy and sell by alerts, if you use this option, in the alert body you should write {{strategy.order.alert_message}}, then the alert will send the custom message.

3. Dez. 2022

Versionshinweise

Fixing a bug in the table. As of today the statics table is not working till you disable the "After order is filled" in the strategy properties, this is due to a bug in TradingView, and hopefully soon will be fixed.

4. Dez. 2022

Versionshinweise

Updated the name of the confluence enable name for automated testing.

4. Dez. 2022

Versionshinweise

- Added fixed stop loss
- Added pivot low stop loss

13. Dez. 2022

Versionshinweise

added new Marubozu calculation
added new Kicker calculation
added RSI
added MFI
added Ultimate Oscillator

15. Dez. 2022

Versionshinweise

added Volume Flow by LazyBear as a new confluence.

15. Dez. 2022

Versionshinweise

added MavilimW by KIVANÇ ÖZBİLGİÇ , for more information https://www.tradingview.com/script/IAssyObN-MavilimW/

23. Dez. 2022

Versionshinweise

// Added Time Segmented Volume (TSV)
// Added Trend Magic - By KivancOzbilgic
// Added Dziwne Trend By Dziwne

6. Feb. 2023

Versionshinweise

Updated: BTC RSI Trend
New: Ichimoku Cloud

10. Feb. 2023

Versionshinweise

New: Rising Three Method 4: different calculation for this pattern
New: Red Dog Reversal - Thanks for fyntrade
New: Bullish Island Reversal -
The "Bullish Island Reversal Pattern" is a chart pattern signaling a potential upward trend change in a security's price. It occurs when there is a gap in the chart followed by a series of upward-trending candles, indicating a reversal from the previous downtrend.
https://media.warriortrading.com/2022/03/23105058/IS1.png

Note:
Some of the patterns may cancel other pattern, so you do not need to use all the patterns, enable one by one and the best of them.
if you would like to add a new candle pattern or a new confluence, you can message.

10. Feb. 2023

Versionshinweise

- Fixing a bug in the candles table.

18. Feb. 2023

Versionshinweise

New: G-Channel Trend Detection by jaggedsoft, for more information: https://www.tradingview.com/script/smADlDdP-G-Channel-Trend-Detection/
Update: Changed the default ATR source to low
New: Added BTC ROC as confluence
Update: Updated the strategy statics table, added consecutive wins/loss and max drawdown in cash (if you can help with calculating the percentage DM).
Update: Updated the candles table, the win rate could be good but loss may results a lot of losses in money, now you can find profit and loss for each pattern.

13. März 2023

Versionshinweise

Fixed a bug with "G-Channels" indicator. If you are using this strategy, remove it and add it again to the chart.

13. März 2023

Versionshinweise

Removing some debugging values.

23. Apr. 2023

Versionshinweise

With this update you can select the timeframe for the confluence indicators:
- Moving avarages
- RSI
- MFI
- EMA
- VWMP
The idea is to monitor the conflences in small timeframe while the candles on higher timeframe.

19. Juni 2023

Versionshinweise

- Added waiting bar: you stop the signal for a number of candles.
- Updated the strategy table: added new information
- Add ADX: new confluence, you can filter the signal with ADX, +Di and -Di, or both.

The candle patterns are for reversal and continuous uptrend, so you need to select carefully the confluences.
Let me know If you wish to add new confluence which may enhance the buy signal.

25. Juni 2023

Versionshinweise

Added new calculation for Three Line Strike.
Added new patterns: "Inverted Hammer" and "Morning Star"
Updated the candles table, now will only display the enabled patterns with trades.
Updated the strategy statics, added "TRADING DURATION", "PROFIT" and PROFIT PER DAY.