Candlestick Structure [LuxAlgo]: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Candlestick Structure [LuxAlgo] evaluates patterns such as hammers, engulfing candles, stars, haramis, tweezers, and three-method formations against minor and major trend filters using Supertrend, moving average crosses, or Donchian Channels. The indicator plots pattern labels and gradient fills directly on the price chart, colors candles according to trend conditions, and displays a summary dashboard. Users can enable or disable individual patterns and adjust trend detection lengths.

Detection of 16 classic candlestick patterns
Major trend filtering via Supertrend, EMA, or Donchian Channels
On-chart pattern labels with custom coloring
Optional candle recoloring and gradient fills
Built-in on-screen summary dashboard

Details

Published by

mydcc on GitHub

Code credit

LuxAlgo, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

static/lux_algo.pine

Repository

github.com/mydcc/cachy-app. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Hammer	`bool`	`true`	`hammerTog`
Inverted Hammer	`bool`	`true`	`ihammerTog`
Bullish Engulfing	`bool`	`true`	`bulleTog`
Rising 3	`bool`	`true`	`r3Tog`
3 White Soldiers	`bool`	`true`	`twsTog`
Morning Star	`bool`	`true`	`mstarTog`
Bullish Harami	`bool`	`true`	`bullhTog`
Tweezer Bottom	`bool`	`true`	`btmTweezTog`
Hanging Man	`bool`	`true`	`hmanTog`
Shooting Star	`bool`	`true`	`sstarTog`
Bearish Engulfing	`bool`	`true`	`beareTog`
Falling 3	`bool`	`true`	`f3Tog`

Show all 32 settings

Setting	Type	Default	Variable
3 Black Crows	`bool`	`true`	`tbcTog`
Evening Star	`bool`	`true`	`estarTog`
Bearish Harami	`bool`	`true`	`bearhTog`
Tweezer Top	`bool`	`true`	`topTweezTog`
Minor Trend Length	`int`	`10`	`minorDCLength`
Major Trend Method	`string`	`SuperTrend`	`majorTrendType`
Swing Length	`int`	`20`	`majorSwingLength`
Short EMA Length	`int`	`50`	`majorEma1Length`
Long EMA Length	`int`	`200`	`majorEma2Length`
Super Trend Factor	`float`	`4`	`majorSTFactor`
Length	`int`	`20`	`majorSTLength`
Donchian Channel Length	`int`	`40`	`majorDCLength`
Color Candles	`bool`	`false`	`bcTog`
Bull Color	`color`	`#089981`	`bullColor`
Bear Color	`color`	`#f23645`	`bearColor`
Show Gradient	`bool`	`true`	`showFill`
Label Size	`string`	`tiny`	`txtSize`
Show Dashboard	`bool`	`true`	`showDash`
Location	`string`	`Bottom Right`	`dashLoc`
Size	`string`	`Tiny`	`Size`

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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