OPEN-SOURCE SCRIPT
Bullish Single Candle Patterns [Crypto Varthagam]
Description
- This indicator highlights three well-known single bullish candlestick signals:
Hammer – A small body with a long lower wick, often signaling potential reversal at the bottom of a downtrend.
Inverted Hammer – A small body with a long upper wick, showing potential reversal if followed by bullish confirmation.
Bullish Marubozu – A strong green candle with little to no shadows, representing clear buyer dominance.
How it works:
- The script measures candle body size relative to total range and wick size.
- It identifies patterns based on common candlestick rules (wick-to-body ratios and body position).
- Labels are plotted on the chart for easy recognition of these signals.
Unique aspects of this script:
-Clean, educational implementation focused only on three key single-candle bullish patterns.
- Uses precise mathematical ratios for consistent detection.
- Lightweight design that can be applied on any timeframe or asset.
Disclaimer:
This script is for educational purposes only. It does not provide financial advice. Always confirm signals with broader analysis, risk management, and additional tools before making trading decisions.
- This indicator highlights three well-known single bullish candlestick signals:
Hammer – A small body with a long lower wick, often signaling potential reversal at the bottom of a downtrend.
Inverted Hammer – A small body with a long upper wick, showing potential reversal if followed by bullish confirmation.
Bullish Marubozu – A strong green candle with little to no shadows, representing clear buyer dominance.
How it works:
- The script measures candle body size relative to total range and wick size.
- It identifies patterns based on common candlestick rules (wick-to-body ratios and body position).
- Labels are plotted on the chart for easy recognition of these signals.
Unique aspects of this script:
-Clean, educational implementation focused only on three key single-candle bullish patterns.
- Uses precise mathematical ratios for consistent detection.
- Lightweight design that can be applied on any timeframe or asset.
Disclaimer:
This script is for educational purposes only. It does not provide financial advice. Always confirm signals with broader analysis, risk management, and additional tools before making trading decisions.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.