//@version=5
indicator("Kicking - Bearish", shorttitle = "Kicking - Bear", overlay=true)
C_Len = 14 // ta.ema depth for bodyAvg
C_ShadowPercent = 5.0 // size of shadows
C_ShadowEqualsPercent = 100.0
C_DojiBodyPercent = 5.0
C_Factor = 2.0 // shows the number of times the shadow dominates the candlestick body
C_BodyHi = math.max(close, open)
C_BodyLo = math.min(close, open)
C_Body = C_BodyHi - C_BodyLo
C_BodyAvg = ta.ema(C_Body, C_Len)
C_SmallBody = C_Body < C_BodyAvg
C_LongBody = C_Body > C_BodyAvg
C_UpShadow = high - C_BodyHi
C_DnShadow = C_BodyLo - low
C_HasUpShadow = C_UpShadow > C_ShadowPercent / 100 * C_Body
C_HasDnShadow = C_DnShadow > C_ShadowPercent / 100 * C_Body
C_WhiteBody = open < close
C_BlackBody = open > close
C_Range = high-low
C_IsInsideBar = C_BodyHi[1] > C_BodyHi and C_BodyLo[1] < C_BodyLo
C_BodyMiddle = C_Body / 2 + C_BodyLo
C_ShadowEquals = C_UpShadow == C_DnShadow or (math.abs(C_UpShadow - C_DnShadow) / C_DnShadow * 100) < C_ShadowEqualsPercent and (math.abs(C_DnShadow - C_UpShadow) / C_UpShadow * 100) < C_ShadowEqualsPercent
C_IsDojiBody = C_Range > 0 and C_Body <= C_Range * C_DojiBodyPercent / 100
C_Doji = C_IsDojiBody and C_ShadowEquals
patternLabelPosLow = low - (ta.atr(30) * 0.6)
patternLabelPosHigh = high + (ta.atr(30) * 0.6)
label_color_bearish = input(color.red, "Label Color Bearish")
C_KickingBearishNumberOfCandles = 2
C_MarubozuBullishShadowPercent = 5.0
C_MarubozuBearishKicking = C_LongBody and C_UpShadow <= C_MarubozuBullishShadowPercent/100*C_Body and C_DnShadow <= C_MarubozuBullishShadowPercent/100*C_Body
C_MarubozuWhiteBearish = C_MarubozuBearishKicking and C_WhiteBody
C_MarubozuBlackBearishKicking = C_MarubozuBearishKicking and C_BlackBody
C_KickingBearish = C_MarubozuWhiteBearish[1] and C_MarubozuBlackBearishKicking and low[1] > high
alertcondition(C_KickingBearish, title = "New pattern detected", message = "New Kicking – Bearish pattern detected")
if C_KickingBearish
var ttBearishKicking = "Kicking\nA bearish kicking pattern will occur, subsequently signaling a reversal for a new downtrend. The first day candlestick is a bullish marubozu. The second day gaps down extensively and opens below the opening price of the day before. There is a gap between day one and two’s bearish candlesticks."
label.new(bar_index, patternLabelPosHigh, text="K", style=label.style_label_down, color = label_color_bearish, textcolor=color.white, tooltip = ttBearishKicking)
bgcolor(ta.highest(C_KickingBearish?1:0, C_KickingBearishNumberOfCandles)!=0 ? color.new(color.red, 90) : na, offset=-(C_KickingBearishNumberOfCandles-1))
Overview
Kicking - Bearish searches for a two-bar formation consisting of a bullish marubozu followed by a bearish marubozu that opens with a gap down below the prior candle's low. When detected, the script places a downward label above the bar and tints the background across the pattern's duration. Users can adjust the label color, and built-in alerts trigger whenever a new pattern is confirmed.
Bearish kicking candlestick pattern detection
Marubozu candle body and shadow validation
Chart overlay labels with informational tooltips
Two-bar background highlight
Configurable alert condition for pattern detection
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Label Color Bearish
color
color.red
label_color_bearish
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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