The Heikin-Ashi Chart Identifier is an indicator that checks if the current chart uses Heikin-Ashi candles. It tracks matched candles where open equals the average of previous open and close, and verifies no gaps between bars. When conditions match, it display
Indicator · Pine Script v5 · On the chart
Spinning Top (Candlestick Pattern)
This Pine Script v5 indicator detects spinning top candlestick patterns by comparing the real body size to user-defined min and max thresholds as percentages of the candle's range.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code27
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago9 Aug 2024
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
27 lines of Pine Script v5 from candlesticks/spinning_top_candlestick_pattern.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/
// © AugustoErni
//@version=5
indicator("Spinning Top (Candlestick Pattern)", overlay=true)
maxSpinningTopTooltip = "Calculates whether the current candle is a spinning top using the max threshold set. If the size of the real body is less than the max threshold set of the overall range of the candle, then the candle is considered a spinning top."
maxSpinningTopThreshold = input.float(defval=0.55, title='Spinning top body size threshold in percentage. (0.55 = 55%)', step=0.01, tooltip=maxSpinningTopTooltip)
minSpinningTopTooltip = "Calculates whether the current candle is a spinning top using the min threshold set. If the size of the real body is less than the min threshold set of the overall range of the candle, then the candle is considered a spinning top."
minSpinningTopThreshold = input.float(defval=0.21, title='Spinning top body size threshold in percentage. (0.21 = 21%)', step=0.01, tooltip=minSpinningTopTooltip)
showBullishSpinningTop = input.bool(defval=true, title='Show bullish spinning top.', tooltip='Show or hide the bullish spinning top.')
showBearishSpinningTop = input.bool(defval=true, title='Show bearish spinning top.', tooltip='Show or hide the bearish spinning top.')
isBullishCandle = close > open
isBearishCandle = close < open
isSpinningTop = ( ( math.abs(close - open) < (maxSpinningTopThreshold * (high - low)) ) and ( math.abs(close - open) > (minSpinningTopThreshold * (high - low)) ) )
isSpinningTopBullish = isSpinningTop and isBullishCandle and high > close and low < open
isSpinningTopBearish = isSpinningTop and isBearishCandle and high > open and low < close
barcolor(isSpinningTopBullish ? color.white : isSpinningTopBearish ? color.black : na)
plotshape(isSpinningTopBullish and showBullishSpinningTop, title="Spinning Top", style=shape.arrowup, location=location.belowbar, color=color.rgb(255, 255, 255), text="Spinning Top", textcolor=color.green)
plotshape(isSpinningTopBearish and showBearishSpinningTop, title="Spinning Top", style=shape.arrowdown, location=location.abovebar, color=color.rgb(0, 0, 0), text="Spinning Top", textcolor=color.red)
Overview
Spinning Top (Candlestick Pattern) signals bullish spinning tops with a white arrow below the bar and bearish ones with a black arrow above the bar. The indicator draws these signals directly on the price chart. Settings allow toggling the display of each pattern and adjusting the threshold values. It provides visual cues for potential reversals based on candlestick formation.
- spinning top candlestick
- body size threshold
- bullish spinning top
- bearish spinning top
- candlestick pattern
Details
Published by
augustoerni on GitHub
Type
Draws
On the price chart
Category
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 |
|---|---|---|---|
| Spinning top body size threshold in percentage. (0.55 = 55%) | float | 0.55 | maxSpinningTopThreshold |
| Spinning top body size threshold in percentage. (0.21 = 21%) | float | 0.21 | minSpinningTopThreshold |
| Show bullish spinning top. | bool | true | showBullishSpinningTop |
| Show bearish spinning top. | bool | true | showBearishSpinningTop |
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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