LuxAlgo

Swing Highs/Lows & Candle Patterns

This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer , inverse hammer , bullish engulfing , hanging man , shooting star , and bearish engulfing .

The notations HH, HL, LH, and LL you can see on the labels are defined as follows:

  • HH : Higher high
  • HL : Higher low
  • LH : Lower high
  • LL : Lower low

Setting

  • Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.

Usage & Details

It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.

Note that the labels are offset, and will appear later in real-time, as such this indicator is not intended to detect tops/bottoms in real-time.

Higher values of length might return errors.
Versionshinweise: Copyright update & default "length" input value set to 20.
Versionshinweise: Minor Changes.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
Our Website to get access to our invite-only scripts: https://LuxAlgo.com

Lux Algo Documentation: https://docs.luxalgo.com

Join our Discord Group: https://discord.gg/LUX

Kommentare

how much times later the labels are appear.
+40 Antworten
alexgrover hirupamg
@hirupamg, precisely "length" bars laters :)
+9 Antworten
hirupamg alexgrover
@alexgrover, after the particular bar close that, will it show the HH,HL,LL signal or two three bar later
Antworten
@hirupamg, iT IS GIVING AFTER 20 BARS. WHICH WILL NOT HELP IN REALTIME TRADING
+6 Antworten
LuxAlgo sweetynxtlvl
@sweetynxtlvl, Hi, labels appear after "length" bars - you can adjust this via the settings. As per the description, this is not meant to detect tops & bottoms in real time.
+5 Antworten
how can i add alert Inverse Hammer and shooting start
+9 Antworten
Thanks! Is it possible to add a sound alert when the mark appears?
+1 Antworten
Not for free
+1 Antworten
LuxAlgo kris2323
@kris2323, This is an open source script, you can add it to your favorite scripts and access it via Indicators!
+3 Antworten
how to use this script?
+1 Antworten
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