This indicator overlays on the price chart and provides trend and momentum analysis. It calculates and plots three exponential moving averages with fixed periods of 20, 50, and 200 using yellow, orange, and blue colors respectively. The script also computes th
Indicator · Pine Script v4 · On the chart
Smart Labelling - Candlestick Charting
This indicator identifies candlestick patterns on the price chart by combining price action with momentum factors and trend filters.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code186
Settings11inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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
Smart Labelling - Candlestick Charting calculates one of four selectable oscillators: Karobein Oscillator, Money Flow Index, RSI, or Stochastic, alongside trend rules such as EMA or SMA alignments. Users can adjust oscillator thresholds, lookback windows, trend identification rules, and winsorizing filtering settings, with an option to display the trend moving average directly on price. The script serves strictly for visual pattern labeling and lacks built-in trade execution rules, stop loss parameters, or exit mechanisms.
- Selectable factor oscillators
- Configurable trend identification rules
- Winsorizing filtering module
- Optional trend moving average plot
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Candlestick patterns, Trend, Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| Price Data | source | close | price |
| Factor Selection | string | Karobein Oscillator | fctr |
| Factor Lookback Window | int | 2 | p |
| Upper Threshold | int | 85 | uthres |
| Lower Threshold | int | 15 | lthres |
| Trend Identification Rule | string | EMA10 | rule |
| Show MA? | bool | false | showma |
| ===Winsorizing Module=== | bool | true | wsmod |
| Filtering Method | string | High-Low | method |
| Filtering Lookback Window | int | 20 | lb |
| Increment (1.0==none) | float | 1.5 | inc |
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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