Inside Bar + Bullish and Bearish candlestick [Tarun]

1. Inside Bar Detection:
   

• The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low.
  
• Inside bars are highlighted with an orange color.
  

• Bearish Candlestick Patterns:

• Bearish Engulfing: When the current candlestick's body completely engulfs the previous candlestick's body.
  
• Dark Cloud Cover: When a bullish candle is followed by a bearish candle that opens above the previous bullish candle's close but closes below its midpoint.
  
• Bearish Harami: When a small bullish candlestick is engulfed by a larger bearish candlestick.
  
• Evening Star: A three-candle pattern consisting of a large bullish candle, a small-bodied candle with a gap up or down, and a large bearish candle that closes below the midpoint of the first candle.
  
• Shooting Star: A single candlestick pattern with a small real body near the bottom of the price range and a long upper shadow.
  
• Bearish Marubozu: A candlestick with a long bearish body and little to no upper or lower shadows.
  
• Bearish candlestick patterns are highlighted with a red color and labeled with abbreviated names.

• Bullish Candlestick Patterns:

• Bullish Engulfing: Opposite of bearish engulfing, where the current candlestick's body completely engulfs the previous candlestick's body.
  
• Piercing Pattern: When a bearish candle is followed by a bullish candle that opens below the previous bearish candle's low but closes above its midpoint.
  
• Bullish Harami: Similar to bearish harami but bullish, where a small bearish candlestick is engulfed by a larger bullish candlestick.
  
• Morning Star: A three-candle pattern opposite to the evening star, signaling a potential reversal from downtrend to uptrend.
  
• Bullish Hammer: A single candlestick pattern with a small real body near the top of the price range and a long lower shadow.
  
• Bullish Marubozu: A candlestick with a long bullish body and little to no upper or lower shadows.
  
• Bullish candlestick patterns are highlighted with a purple color and labeled with abbreviated names.
  

Versionshinweise:

Update Candlestick Text Style

Versionshinweise:

tweak small part

Versionshinweise:

Refactored candlestick pattern detection logic to consolidate conditions and improve accuracy, reducing bugs and enhancing code readability.

Versionshinweise:

Streamlined candlestick pattern detection, rectifying bugs and enhancing code clarity

Versionshinweise:

1. 1. Indicator Settings:
   

2. The indicator is configured to overlay on the main price chart.
   
3. Parameters like max_labels_count, max_lines_count, and max_bars_back control the maximum number of labels, lines, and bars displayed, respectively.
   

• 2. Inside Bar Detection:
  

• The script checks if the current bar is an inside bar, where the high is lower and the low is higher than the previous bar.
  
• Inside bars are highlighted with an orange color.
  

• 3. Candlestick Labeling:
  

• Labels (myLabel and myLabelb) are used to display candlestick pattern names below and above the bars, respectively.
  

• 4.Bearish Candlestick Patterns:
  

• Bearish patterns like Bearish Engulfing, Dark Cloud Cover, Bearish Harami, Evening Star, Shooting Star, and Bearish Marubozu are detected using specific conditions. These patterns are colored red.
  

• 5.Bullish Candlestick Patterns:
  

• Bullish patterns like Bullish Engulfing, Piercing Pattern, Bullish Harami, Morning Star, Bullish Hammer, and Bullish Marubozu are detected similarly. These patterns are colored purple.
  

• 6.Labeling Candlestick Patterns:
  

• Detected patterns are labeled with their respective abbreviations (e.g., "BE" for Bullish Engulfing) on the appropriate labels.
  

• 7.Code Optimization:
  

• The code is optimized for efficiency and readability, ensuring concise conditions for pattern detection.