This overlay indicator highlights candles with a body smaller than 50% of their total range by coloring them white on the price chart. Simultaneously, it calculates and plots horizontal lines for open prices across multiple higher timeframes, such as daily, we
Indicator · Pine Script v5 · On the chart
Matt Moheeka Candles
Matt Moheeka Candles repaints price chart candles using custom color rules based on session timing and price action structures.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code189
Settings38inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
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
189 lines of Pine Script v5 from Tradingview/matt-moheeka-candles.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
//@version=5
indicator("Matt Moheeka Candles", overlay = true, max_labels_count = 500)
// @keywords: custom-candles, doji-detection, wick-ratio, first-candle, session-open, hammer-filter, shooting-star, plotcandle, bull-bear-mode, wick-highlight, body-ratio, update-live, filter-candles, open-session, lowest-highest, alert-doji, candle-patterns, outline-wick, reversal-wicks, moheeka-candles
update_live = input.bool(true, title = 'Update Live', group = 'Settings')
bull_bear_mode = input.bool(true, title = 'Bull/Bear Mode', group = 'Settings')
// candle color settings
default_bullbody = input.color(color.new(#ffffff,0), title = 'Bull Body', group = 'Default Candles')
default_bulloutline = input.color(color.new(#3b3b3b, 0), title = 'Bull Outline', group = 'Default Candles')
default_bullwick = input.color(color.new(#3b3b3b,0), title = 'Bull Wick', group = 'Default Candles')
default_bearbody = input.color(color.new(#000000, 0), title = 'Bear Body', group = 'Default Candles')
default_bearoutline = input.color(color.new(#000000, 0), title = 'Bear Outline', group = 'Default Candles')
default_bearwick = input.color(color.new(#000000,0), title = 'Bear Wick', group = 'Default Candles')
// first candle of day settings
_color_firsts = input.bool(true, title = 'Color First Candles', group = 'First Candles')
first_time = input.session("0930-0931", title = 'First Candle Time (EST.)', group = 'First Candles')
first_bullbody = input.color(color.new(#20ff36, 0), title = 'Bull Body', group = 'First Candles')
first_bulloutline = input.color(color.new(#2f7736, 0), title = 'Bull Outline', group = 'First Candles')
first_bullwick = input.color(color.new(#2f7736,0), title = 'Bull first', group = 'First Candles')
first_bearbody = input.color(color.new(#ff2989, 0), title = 'Bear Body', group = 'First Candles')
first_bearoutline = input.color(color.new(#a42525, 0), title = 'Bear Outline', group = 'First Candles')
first_bearwick = input.color(color.new(#a42525,0), title = 'Bear first', group = 'First Candles')
// wick settings
_wickratio_size = input.float(2.0, title = 'Wick Compared Against Body Ratio', group = 'Wick Candles')
_wicktowickratio_size = input.float(1.5, title = 'Wick Compared Against Opposite Wick Ratio', group = 'Wick Candles', minval = 1.0)
wick_bullbody = input.color(color.new(#55d562, 0), title = 'Bull Body', group = 'Wick Candles')
wick_bulloutline = input.color(color.new(#2f7736, 0), title = 'Bull Outline', group = 'Wick Candles')
wick_bullwick = input.color(color.new(#2f7736,0), title = 'Bull Wick', group = 'Wick Candles')
wick_bearbody = input.color(color.new(#ff1010, 0), title = 'Bear Body', group = 'Wick Candles')
wick_bearoutline = input.color(color.new(#a42525, 0), title = 'Bear Outline', group = 'Wick Candles')
wick_bearwick = input.color(color.new(#a42525,0), title = 'Bear Wick', group = 'Wick Candles')
// doji settings
_color_dojis = input.bool(true, title = 'Color Doji Candles', group = 'Doji Candles')
_dojiratio_size = input.float(2.0, title = 'Wick Compared Against Body Ratio', group = 'Doji Candles')
_dojitodojiratio_size = input.float(1.5, title = 'Wick Compared Against Opposite Wick Ratio', group = 'Doji Candles')
doji_body = input.color(color.new(#fffb27, 0), title = 'Doji Body', group = 'Doji Candles')
doji_outline = input.color(color.new(#8f8127, 0), title = 'Doji Outline', group = 'Doji Candles')
doji_wick = input.color(color.new(#8f8127,0), title = 'Doji Wick', group = 'Doji Candles')
// # filtering
// # hammer filtering
filter_hammers = input.bool(true, title = 'Filter Hammers', group = 'Filter Settings', inline = '1')
hammer_lower_wick_pct = input.float(40.00, title = ' | Lower Wick %', group = 'Filter Settings', inline = '1')
upper_wick = close > open ? (high - close) : (high - open)
lower_wick = close > open ? math.abs(low - open) : math.abs(low - close)
candle_size = high - low
upper_wick_percentage = upper_wick / candle_size * 100
lower_wick_percentage = lower_wick / candle_size * 100
hammer_cond = (filter_hammers and lower_wick_percentage >= hammer_lower_wick_pct)
// # shooting star filtering
filter_shootingstars = input.bool(true, title = 'Filter Shooting Stars', group = 'Filter Settings', inline = '2')
star_upper_wick_pct = input.float(40.00, title = ' | Upper Wick %', group = 'Filter Settings', inline = '2')
shootingstar_cond = (upper_wick_percentage >= star_upper_wick_pct)
// higher/lower than x previous bars
bull_lower = input.bool(true, title = 'Bull Lower than x', group = 'Filter Settings', inline = '3')
lower_x = input.int(5, title = '', group = 'Filter Settings', inline = '3')
bear_higher = input.bool(true, title = 'Bear Higher than x', group = 'Filter Settings', inline = '4')
higher_x = input.int(5, title = '', group = 'Filter Settings', inline = '4')
bull_lower_cond = (bull_lower and low == ta.lowest(low,lower_x+1)) or not bull_lower
bear_higher_cond = (bear_higher and high == ta.highest(high,higher_x+1)) or not bear_higher
// first candle calculations
var bool is_first_candle = na
var bool first_candle_bull = na
var bool first_candle_bear = na
is_first_candle := time('', first_time, 'America/New_York') and _color_firsts
first_candle_bull := is_first_candle and close >= open
first_candle_bear := is_first_candle and close < open
// bgcolor(is_first_candle ? color.yellow : na)
// wick calculations
var float body_size = na
var float topwick_size = na
var float bottomwick_size = na
var float wick_size = na
var float body_wick_ratio = na
var bool top_wicked = na
var bool bottom_wicked = na
body_size := math.abs(close-open)
topwick_size := high - math.max(close,open)
bottomwick_size := math.min(close,open) - low
wick_size := topwick_size + bottomwick_size
body_wick_ratio := wick_size / body_size
// label.new(bar_index,high,text=str.tostring(lower_wick_percentage), yloc=yloc.abovebar, style=label.style_label_down)
// label.new(bar_index,high,text=str.tostring(bottomwick_size), yloc=yloc.belowbar, style=label.style_label_up)
update_live_cond = (update_live or (not update_live and barstate.isconfirmed))
top_wicked := update_live_cond and (topwick_size/body_size) >= _wickratio_size and (topwick_size/bottomwick_size >= _wicktowickratio_size)
and (not bull_bear_mode or (bull_bear_mode and close < open))
and not (shootingstar_cond and filter_shootingstars)
and bear_higher_cond
bottom_wicked := update_live_cond and (bottomwick_size/body_size) >= _wickratio_size and (bottomwick_size/topwick_size >= _wicktowickratio_size)
and (not bull_bear_mode or (bull_bear_mode and close > open))
and not (hammer_cond and filter_hammers)
and bull_lower_cond
// doji calculations
var bool is_doji = na
is_doji := update_live_cond and _color_dojis and math.min(topwick_size/body_size, bottomwick_size/body_size) >= _wickratio_size
and (math.max(topwick_size/bottomwick_size, bottomwick_size/topwick_size) <= _dojitodojiratio_size)
// bgcolor(is_doji ? color.yellow : na)
// color calculations
var color css_body = na
var color css_wick = na
var color css_outline = na
var bool bullish_candle = na
var bool bearish_candle = na
bullish_candle := close > open
bearish_candle := close < open
css_body := first_candle_bull ? first_bullbody :
first_candle_bear ? first_bearbody :
is_doji ? doji_body :
top_wicked ? wick_bearbody :
bottom_wicked ? wick_bullbody :
bullish_candle ? default_bullbody :
bearish_candle ? default_bearbody :
default_bullbody
css_wick := first_candle_bull ? first_bullwick :
first_candle_bear ? first_bearwick :
is_doji ? doji_wick :
top_wicked ? wick_bearwick :
bottom_wicked ? wick_bullwick :
bullish_candle ? default_bullwick :
bearish_candle ? default_bearwick :
default_bullwick
css_outline := first_candle_bull ? first_bulloutline :
first_candle_bear ? first_bearoutline :
is_doji ? doji_outline :
top_wicked ? wick_bearoutline :
bottom_wicked ? wick_bulloutline :
bullish_candle ? default_bulloutline :
bearish_candle ? default_bearoutline :
default_bulloutline
plotcandle(open,high,low,close,title='Custom Candles', color = css_body, wickcolor = css_wick, bordercolor = css_outline)
// alerts
alertcondition(is_doji, 'Doji Candle', 'Doji Candle')
alertcondition(bottom_wicked, 'Bottom Wicked', 'Bottom Wicked')
alertcondition(top_wicked, 'Top Wicked', 'Top Candlwicked')
// debugging
// label.new(bar_index, high, text = str.tostring(topwick_size/bottomwick_size), style = label.style_label_center, yloc=yloc.abovebar)
// label.new(bar_index, low, text = str.tostring(bottomwick_size/topwick_size), style = label.style_label_center, yloc=yloc.belowbar)
// label.new(bar_index, high, text = str.tostring(topwick_size/body_size), style = label.style_label_center, yloc=yloc.abovebar)
// label.new(bar_index, low, text = str.tostring(bottomwick_size/body_size), style = label.style_label_center, yloc=yloc.belowbar)
Overview
Matt Moheeka Candles identifies and highlights session opening candles, long-wick reversal candles such as hammers or shooting stars, and doji patterns determined by user-defined wick-to-body and wick-to-wick ratio thresholds. Standard bullish and bearish candles receive custom default styling. Inputs allow users to modify ratio multipliers, session start times, and color choices for bodies, wicks, and outlines.
- Session open candle highlighting
- Wick-to-body ratio candle detection
- Doji pattern identification and coloring
- Customizable candlestick component colors
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Sessions & time
Markets
Any symbol
Timeframes
M1-M5, M15-H1
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Update Live | bool | true | update_live |
| Bull/Bear Mode | bool | true | bull_bear_mode |
| Bull Body | color | color.new(#ffffff,0) | default_bullbody |
| Bull Outline | color | color.new(#3b3b3b, 0) | default_bulloutline |
| Bull Wick | color | color.new(#3b3b3b,0) | default_bullwick |
| Bear Body | color | color.new(#000000, 0) | default_bearbody |
| Bear Outline | color | color.new(#000000, 0) | default_bearoutline |
| Bear Wick | color | color.new(#000000,0) | default_bearwick |
| Color First Candles | bool | true | _color_firsts |
| First Candle Time (EST.) | session | 0930-0931 | first_time |
| Bull Body | color | color.new(#20ff36, 0) | first_bullbody |
| Bull Outline | color | color.new(#2f7736, 0) | first_bulloutline |
Show all 38 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bull first | color | color.new(#2f7736,0) | first_bullwick |
| Bear Body | color | color.new(#ff2989, 0) | first_bearbody |
| Bear Outline | color | color.new(#a42525, 0) | first_bearoutline |
| Bear first | color | color.new(#a42525,0) | first_bearwick |
| Wick Compared Against Body Ratio | float | 2.0 | _wickratio_size |
| Wick Compared Against Opposite Wick Ratio | float | 1.5 | _wicktowickratio_size |
| Bull Body | color | color.new(#55d562, 0) | wick_bullbody |
| Bull Outline | color | color.new(#2f7736, 0) | wick_bulloutline |
| Bull Wick | color | color.new(#2f7736,0) | wick_bullwick |
| Bear Body | color | color.new(#ff1010, 0) | wick_bearbody |
| Bear Outline | color | color.new(#a42525, 0) | wick_bearoutline |
| Bear Wick | color | color.new(#a42525,0) | wick_bearwick |
| Color Doji Candles | bool | true | _color_dojis |
| Wick Compared Against Body Ratio | float | 2.0 | _dojiratio_size |
| Wick Compared Against Opposite Wick Ratio | float | 1.5 | _dojitodojiratio_size |
| Doji Body | color | color.new(#fffb27, 0) | doji_body |
| Doji Outline | color | color.new(#8f8127, 0) | doji_outline |
| Doji Wick | color | color.new(#8f8127,0) | doji_wick |
| Filter Hammers | bool | true | filter_hammers |
| | Lower Wick % | float | 40.00 | hammer_lower_wick_pct |
| Filter Shooting Stars | bool | true | filter_shootingstars |
| | Upper Wick % | float | 40.00 | star_upper_wick_pct |
| Bull Lower than x | bool | true | bull_lower |
| lower_x | int | 5 | lower_x |
| Bear Higher than x | bool | true | bear_higher |
| higher_x | int | 5 | higher_x |
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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