Pin Bar, Inside Bars and Engulfing Candle Sticks

Adam-Robinson Aktualisiert   
Introducing the Candlestick Pattern Plotter, a comprehensive TradingView indicator designed to elevate your technical analysis by automatically identifying and plotting three essential candlestick patterns – Pin Bars, Engulfing Candles, and Inside Bars. This powerful tool equips traders with a holistic view of market dynamics, enabling them to make informed decisions based on key price action signals.

Pin Bar Identification:

The indicator adeptly recognizes Pin Bars, a pivotal candlestick pattern characterized by a small body and a long wick in the opposite direction of the prevailing trend.
Pin Bars are instrumental in signaling potential trend reversals or continuations, providing crucial insights for strategic decision-making.

Engulfing Candle Detection:

Identify Engulfing Candles effortlessly with this indicator, showcasing instances where the body of one candle fully engulfs the body of the previous candle.
Engulfing Candles serve as powerful reversal indicators, offering valuable insights into shifts in market sentiment and potential trend reversals.
Inside Bar Recognition:

The indicator goes beyond traditional patterns by identifying Inside Bars, where the range of a candle is entirely within the previous candle's high and low.
Inside Bars often signify consolidation or a period of indecision in the market, providing traders with crucial information about potential breakouts or reversals.

Seamlessly integrate the Candlestick Pattern Plotter into your TradingView chart, enjoying a user-friendly interface for swift interpretation of candlestick patterns.
Toggle the display of Pin Bars, Engulfing Candles, and Inside Bars on and off with ease, allowing you to focus on the specific patterns most relevant to your analysis.

Real-Time Alerts:

Stay ahead of the market with real-time alerts that notify you when a Pin Bar, Engulfing Candle, or Inside Bar is identified on the chart.

Timely notifications keep you informed, ensuring you never miss a potential trading opportunity based on these crucial candlestick patterns.

Enhance your trading strategy with the precision of Pin Bars, Engulfing Candles, and Inside Bars, seamlessly integrated into your analysis through the Candlestick Pattern Plotter. Gain a comprehensive understanding of market movements and make well-informed decisions in real-time.
Added lookback period for pinbars
Added wicks to be considered for engulfing candlesticks

Longer wicks on top of the candle shows good selling pressure while Longer wicks on bottom of the candle shows good buying pressure.
Included "Volume filter"
Added "Volume" note
Added Engufling Candle lookback period
Changed alter description for inside bar
FIx issue with Inside Bar not able to be turned on or off
Included Fractals with Volume Filtering

A fractal in trading typically consists of five consecutive price bars, with the middle bar having the highest high (or lowest low) surrounded by two lower highs and two higher lows. This pattern indicates a potential shift in market direction. A bullish fractal occurs when the middle bar has the highest high surrounded by two lower highs and two lower lows, suggesting a potential upward reversal. Conversely, a bearish fractal occurs when the middle bar has the lowest low surrounded by two higher lows and two higher highs, indicating a potential downward reversal.

Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.


Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

Möchten Sie dieses Skript auf einem Chart verwenden?