Exceeded Candle [Alorse] is a mean-reversion strategy that identifies candlestick engulfing patterns combined with Bollinger Bands filters. It enters a long position when a green candle surpasses the body of the previous red candle while price is below the mid
Strategy · Pine Script v5 · On the chart
Inside Candle Detector
The Inside Candle Detector identifies inside bar candlestick patterns where the current bar's high is lower than the previous bar's high and its low is higher than the previous bar's low.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code30
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago2 Aug 2023
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
30 lines of Pine Script v5 from Signals/Inside_Candle_Detector.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//Run the following Script on PINE EDITOR or any platform supporting Pine Script
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © might-tree
//@version=5
strategy("Inside Candle Detector", overlay=true, margin_long=100, margin_short=100)
increasingbar = 1
decreasingbar = -1
check_inside_candle() =>
previousBar = 1
bodyStatus = (close >= open) ? 1 : -1
isInsidePattern = high < high[previousBar] and low > low[previousBar]
isInsidePattern ? bodyStatus : 0
barcolor(check_inside_candle() == increasingbar ? color.rgb(40, 253, 47) : na)
barcolor(check_inside_candle() == decreasingbar ? color.rgb(253, 117, 117) : na)
plotshape(check_inside_candle() == increasingbar, style=shape.triangleup,
location=location.abovebar, color=color.rgb(37, 255, 44))
plotshape(check_inside_candle() == decreasingbar, style=shape.triangledown,
location=location.belowbar, color=color.rgb(251, 121, 121))
is_inside_candle = check_inside_candle() == increasingbar or check_inside_candle() == decreasingbar
alertcondition(is_inside_candle, title='Inside Candle', message='Inside Candle detected')
Overview
Inside Candle Detector categorizes inside candles as bullish or bearish based on the bar's open and close prices. The script highlights detected patterns directly on the main price chart by applying bar colors and plotting triangular shape markers. Although declared as a strategy, it contains no automated order execution or risk management rules.
- Inside bar pattern identification
- Bullish and bearish candle classification
- On-chart visual shape markers
- Custom bar coloring for pattern bars
- Inside candle alert triggers
Details
Published by
might-tree on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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.
Similar Pine Scripts
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
ESU2023-10M - V1 is an intraday trend-reversal strategy designed for index futures contracts on the price chart. It calculates a 3-period moving average of candle highs and lows alongside specific three-bar price action patterns to detect short-term swing high
The STRG One Bar Pursuit strategy identifies single-bar momentum reversals by monitoring shifts between bullish and bearish candlesticks starting from the year 2024. It enters a long position when a bullish candle follows a bearish candle and enters a short po
This strategy identifies trade opportunities based on candlestick wick imbalances relative to the Average True Range. It enters positions when candle wicks exceed defined thresholds and filters out doji candles using a minimum body ATR requirement. Exits are h
This strategy identifies multiple classic candlestick patterns, including Engulfing, Harami, Morning and Evening Stars, and Three White Soldiers. It executes trades directly on the price chart when selected bullish or bearish patterns trigger. Users can toggle
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers