Indicator · Pine Script v5 · On the chart

Zen Library Patterns

by Web3Degenerate

This indicator imports the Zen Library and uses it to detect several candlestick reversal patterns on the price chart.

View on GitHub

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code35
Settings0inputs
LicenceNone stated
Last update2 years ago13 Sep 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Zen Library Patterns identifies bullish and bearish engulfing candles, hammers, stars, and dojis, then plots corresponding shape markers with labels. The library functions allow configurable parameters for wick size and body ratios. Patterns can be combined with other signals like trend filters. The script draws markers directly on the chart and does not enter or exit trades.

Details

Published by

Web3Degenerate on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

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.

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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