Candlestick - Inside Bar Pattern is an overlay indicator that identifies inside bar setups across three consecutive candles. It detects when the price range of the preceding bar is completely contained within the range of the bar prior to it. The direction of
Indicator · Pine Script v5 · On the chart
Higher Close and Lower Close
Higher Close and Lower Close is an overlay indicator that highlights simple single-candle price action signals.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code11
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago3 Oct 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
11 lines of Pine Script v5 from 05. Candlestick Patterns/01. High Close Low Close.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © cmoutafidis
//@version=5
indicator(title="Higher close and lower close", overlay = true)
hc = close > high[1]
lc = close < low[1]
plotshape(hc, style = shape.arrowup , location = location.belowbar, color = color.green)
plotshape(lc, style = shape.arrowdown, location = location.abovebar, color = color.red)
Overview
Higher Close and Lower Close monitors whether the current bar closes above the preceding bar's high or below the preceding bar's low. When a close exceeds the previous high, it plots a green upward arrow beneath the candle. When a close breaks below the previous low, it plots a red downward arrow above the candle. The script has no configurable inputs.
- Higher close signal detection
- Lower close signal detection
- On-chart arrow shape plots
- Direct price overlay display
Details
Published by
fiji-solutions on GitHub
Code credit
cmoutafidis, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Breakout
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.
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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