OPEN-SOURCE SCRIPT
Marubozu Patterns
Marubozu Candlestick Patterns Indicator
This TradingView script identifies two types of Marubozu candlestick patterns: the bearish Marubozu and the bullish Marubozu. Marubozu patterns are characterized by a lack of shadows and a long body, indicating strong market sentiment. The indicator displays labels and triggers alerts when these patterns are detected on the price chart.
Features:
Identifies bearish Marubozu and bullish Marubozu candlestick patterns.
Alerts triggered for both patterns.
Labels displayed to highlight pattern occurrences on the chart.
How it works:
The script calculates various properties of candlesticks, such as body length, shadows, and body type. It then identifies both bearish and bullish Marubozu patterns based on specific conditions. When a pattern is detected, a label is shown on the chart with a corresponding tooltip description. Additionally, a background color change emphasizes the presence of detected patterns. Alerts are triggered for both pattern types, helping traders to quickly spot potential trading opportunities.
Note:
This script is designed for use on the TradingView platform using Pine Script. It aids traders in recognizing Marubozu candlestick patterns, providing visual cues and alerts for potential bullish and bearish market sentiments.
This TradingView script identifies two types of Marubozu candlestick patterns: the bearish Marubozu and the bullish Marubozu. Marubozu patterns are characterized by a lack of shadows and a long body, indicating strong market sentiment. The indicator displays labels and triggers alerts when these patterns are detected on the price chart.
Features:
Identifies bearish Marubozu and bullish Marubozu candlestick patterns.
Alerts triggered for both patterns.
Labels displayed to highlight pattern occurrences on the chart.
How it works:
The script calculates various properties of candlesticks, such as body length, shadows, and body type. It then identifies both bearish and bullish Marubozu patterns based on specific conditions. When a pattern is detected, a label is shown on the chart with a corresponding tooltip description. Additionally, a background color change emphasizes the presence of detected patterns. Alerts are triggered for both pattern types, helping traders to quickly spot potential trading opportunities.
Note:
This script is designed for use on the TradingView platform using Pine Script. It aids traders in recognizing Marubozu candlestick patterns, providing visual cues and alerts for potential bullish and bearish market sentiments.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.