This indicator overlays up to five higher-timeframe candlestick groups on the price chart. For each enabled timeframe it requests open, high, low, and close and can show up to five candles, offset by a spacing setting. The main inputs set the candle count, the
Indicator · Pine Script v6 · On the chart
Rally Base Drop Signals
Reads candle sequences and labels them as rally, base or drop phases, then flags four patterns: rally-base-drop, rally-base-rally, drop-base-drop and drop-base-rally.
GitHub stars1on the repository
Pine versionv6current
Lines of code67
Settings10inputs
LicenceNone stated
Last update6 months ago15 Apr 2026
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
Each pattern can be switched on or off. Bars can be coloured fully, only on detection, or not at all, and rally, base, drop and label colours and label size are adjustable. It draws labels and bar colours on the price chart and has no stop loss, target or position sizing.
- Rally, base and drop sequence detection
- Four toggleable pattern types
- Selectable bar colouring logic
- Adjustable label size and colours
Details
Published by
mikeyhu70 on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance, Candlestick patterns
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Rally | Base | Drop | bool | true | rbdTog |
| Rally | Base | Rally | bool | true | rbrTog |
| Drop | Base | Drop | bool | true | dbdTog |
| Drop | Base | Rally | bool | true | dbrTog |
| Bar Color Logic | string | Full Color | bcType |
| Rally Color | color | #089981c0 | rallyCol |
| Base Color | color | #00000000 | baseCol |
| Drop Color | color | #f23645c0 | dropCol |
| Label Color | color | color.gray | txtCol |
| Label Size | string | Small | Label 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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