OPEN-SOURCE SCRIPT
Optimized Candlestick Entry Indicator

1. Conflict Prevention System:
Pattern Strength Scoring: Each pattern gets a strength score (0-1) based on how well it matches ideal characteristics
Context Filtering: Patterns only trigger in appropriate market conditions (uptrend/downtrend)
Signal Prioritization: When multiple patterns occur, only the strongest one triggers
Mutual Exclusion: Prevents simultaneous buy/sell signals on the same candle
2. Enhanced Pattern Recognition:
Minimum Strength Threshold: Configurable minimum pattern strength (default 60%)
Trend Context Awareness: Hammer/Inverted Hammer only in downtrends, Hanging Man/Shooting Star only in uptrends
Improved Ratios: Better body-to-wick ratio calculations
Volume Consideration: Patterns require meaningful price ranges
3. Smart Decision Logic:
Pattern Counting: Counts active bullish vs bearish patterns
Conflict Resolution: If both signals exist, chooses the stronger one
Final Signal Generation: Only one signal type per candle
4. Advanced Features:
Trend Filter: Optional MA-based trend filter (20-period default)
Strength Display: Shows pattern strength percentage in labels
Context Information: Alerts include trend direction
Visual Enhancements: Larger, clearer signals with strength indicators
5. Configuration Options:
Trend Filter Toggle: Enable/disable trend-based filtering
Minimum Pattern Strength: Adjust sensitivity (0.3-1.0)
Individual Pattern Control: Enable/disable specific patterns
Visual Customization: Control labels, shapes, and alerts
How It Prevents Conflicts:
Context Separation: Bullish patterns only trigger in bearish contexts and vice versa
Strength Comparison: When conflicts arise, only the strongest pattern signals
Pattern Validation: Each pattern must meet strict strength criteria
Final Decision Layer: A final logic layer ensures only one signal type per bar
This optimized version will give you clear, non-conflicting entry signals with much higher accuracy and reliability!Retry
Pattern Strength Scoring: Each pattern gets a strength score (0-1) based on how well it matches ideal characteristics
Context Filtering: Patterns only trigger in appropriate market conditions (uptrend/downtrend)
Signal Prioritization: When multiple patterns occur, only the strongest one triggers
Mutual Exclusion: Prevents simultaneous buy/sell signals on the same candle
2. Enhanced Pattern Recognition:
Minimum Strength Threshold: Configurable minimum pattern strength (default 60%)
Trend Context Awareness: Hammer/Inverted Hammer only in downtrends, Hanging Man/Shooting Star only in uptrends
Improved Ratios: Better body-to-wick ratio calculations
Volume Consideration: Patterns require meaningful price ranges
3. Smart Decision Logic:
Pattern Counting: Counts active bullish vs bearish patterns
Conflict Resolution: If both signals exist, chooses the stronger one
Final Signal Generation: Only one signal type per candle
4. Advanced Features:
Trend Filter: Optional MA-based trend filter (20-period default)
Strength Display: Shows pattern strength percentage in labels
Context Information: Alerts include trend direction
Visual Enhancements: Larger, clearer signals with strength indicators
5. Configuration Options:
Trend Filter Toggle: Enable/disable trend-based filtering
Minimum Pattern Strength: Adjust sensitivity (0.3-1.0)
Individual Pattern Control: Enable/disable specific patterns
Visual Customization: Control labels, shapes, and alerts
How It Prevents Conflicts:
Context Separation: Bullish patterns only trigger in bearish contexts and vice versa
Strength Comparison: When conflicts arise, only the strongest pattern signals
Pattern Validation: Each pattern must meet strict strength criteria
Final Decision Layer: A final logic layer ensures only one signal type per bar
This optimized version will give you clear, non-conflicting entry signals with much higher accuracy and reliability!Retry
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.