15M plots a volume-weighted moving average (VWMA) alongside a simulated 5-day moving average calculated from user-defined daily trading hours. The script detects several classic candlestick patterns, including morning stars, evening stars, hammers, shooting stars, and gravestone dojis, while shading the background with an alternating zebra pattern across trading sessions. Configurable settings allow toggling individual candlestick patterns, moving average lengths, and market hours. Built-in alerts signal price crosses over the VWMA.
Volume-weighted moving average (VWMA)
Simulated 5-day moving average based on daily session length
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Plot VWMA
bool
true
plotVWMA
VWMA Length
int
21
len
Open: Hours a Day
float
6.5
openHours
Plot DMA5
bool
true
plotD5
Show Zebra Pattern
bool
true
show_zebra
Plot Candlestick Patterns
bool
true
plotCandlesticks
Plot Evening Star
bool
true
plotEveningStar
Plot Morning Star
bool
true
plotMorningStar
Plot Shooting Star
bool
true
plotShootingStar
Plot Hammer
bool
true
plotHammer
Plot Inverted Hammer
bool
true
plotInvertedHammer
Plot Gravestone
bool
true
plotGravestone
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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