{FREE} Candlestick Patterns [NASAlgoTrading]

{FREE} Candlestick Patterns [NASAlgoTrading] identifies and plots various candlestick patterns on price charts. It helps traders visualize potential reversal and continuation patterns in the market.

Key Features
Bullish Reversal Patterns Detected:
Hammer - Signals potential bullish reversal after a downtrend
Inverted Hammer - Indicates possible bullish reversal
Three White Soldiers - Strong bullish reversal pattern showing consecutive bullish candles
Bullish Harami - Shows potential trend reversal from bearish to bullish

Bearish Reversal Patterns Detected:
Hanging Man - Warns of potential bearish reversal after an uptrend
Shooting Star - Suggests possible bearish reversal
Three Black Crows - Strong bearish reversal pattern showing consecutive bearish candles
Bearish Harami - Indicates potential trend reversal from bullish to bearish
Dark Cloud Cover - Shows bearish reversal potential

Continuation Patterns Detected:
Rising Three Methods - Bullish continuation pattern
Falling Three Methods - Bearish continuation pattern
Gravestone Doji - Can indicate potential reversals (shown in orange)
Long-legged Doji - Shows market indecision (shown in orange)
Dragonfly Doji - Can signal potential reversals (shown in orange)

Benefits for Traders
Visual Pattern Recognition: Automatically identifies and labels patterns on the chart, saving traders time in manual analysis.
Comprehensive Coverage: Detects multiple important candlestick patterns in a single indicator.

Clear Visual Cues:
Bullish patterns marked in green below price bars
Bearish patterns marked in red above price bars
Doji patterns marked in orange
Trend Analysis: Helps identify both reversal and continuation patterns, providing insights into potential market direction.
Confirmation Tool: Can be used alongside other technical indicators to confirm trading signals.
Educational Value: Helps new traders learn to recognize important candlestick patterns.
Customization: The indicator allows for up to 50 lines to be displayed (max_lines_count = 50).

Implementation Notes
The indicator uses precise mathematical conditions to identify each pattern, including:

Relative candle body and wick sizes
Previous candle patterns and trends
Price relationships between current and historical candles

This systematic approach ensures consistent pattern recognition that might be subjective when done manually.