The Bullish/Bearish Candle Series Distribution indicator calculates the length of the current streak of consecutive bullish or bearish candles based on user-selected mode. It tracks streak lengths from 2 to 59 and plots a histogram in a separate pane showing t
Indicator · Pine Script v5 · Own pane
Zen Library Patterns
This indicator detects key candlestick patterns by importing functions from the Zen Library.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code21
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago3 Oct 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
21 lines of Pine Script v5 from 05. Candlestick Patterns/09. Zen Library Patterns.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © cmoutafidis
//@version=5
indicator(title="Zen Library Patterns")
// Import Zen Library
import ZenAndTheArtOfTrading/ZenLibrary/8 as zen
// Detect Patterns
bullishEc = zen.isBullishEC(1, 2, true) and low == ta.lowest(low, 10)
bearishEc = zen.isBearishEC(1, 2, true) and high == ta.highest(high, 10)
hammer = zen.isHammer(0.25, true)
star = zen.isStar(0.25, true)
doji = zen.isDoji(2)
plotshape(bullishEc, style = shape.triangleup, color = color.green, location = location.belowbar)
plotshape(bearishEc, style = shape.triangledown, color = color.red, location = location.abovebar)
plotshape(hammer, style = shape.triangleup, color = color.green, location = location.belowbar)
plotshape(star, style = shape.triangledown, color = color.red, location = location.abovebar)
plotshape(doji, style = shape.triangledown, location = location.abovebar)
Overview
Zen Library Patterns identifies bullish engulfing candles formed at 10-period lows and bearish engulfing candles at 10-period highs. Additionally, it highlights hammer, shooting star, and doji candle structures. Detection signals are marked on the chart using colored triangles placed above or below the corresponding price bars for straightforward visual identification.
- Bullish and bearish engulfing pattern detection
- Hammer and shooting star pattern identification
- Doji candlestick detection
- External Zen Library integration
Details
Published by
fiji-solutions on GitHub
Code credit
cmoutafidis, as written in the script's header
Type
Draws
Separate pane below the 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.
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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