CandlestickUtilities

This library provides essential functions for candlestick chart analysis and pattern recognition in Pine Script®.
It includes:
• Candle structure analysis (bodies, shadows, lengths)
• Trend detection using EMAs
• Common candlestick pattern recognition

This library is under construction.
Designed to support strategy development and improve signal accuracy for traders.
Created by xprophetx — under MPL-2.0 license.

Notas de prensa

v2

Updated:
isBullishEngulfing(bodyAllowance, fullEngulfing, checkTrend)
: isBullishEngulfing
description:
Detects a Bullish Engulfing candlestick pattern.
A bullish candle fully (or partially) engulfs the previous bearish candle's body,
potentially signaling a reversal in a downtrend.

Parameters:
- bodyAllowance (float): Minimum body size to exclude weak signals. Default is na (uses syminfo.mintick * 2).
- emaLength (int): EMA length to identify downtrend. Default is 9.
- fullEngulfing (bool): If true, the current candle must fully engulf the previous body. If false, partial engulfing is allowed.

return:
Returns true if a Bullish Engulfing pattern is detected, otherwise false.
Parameters:
bodyAllowance (float)
fullEngulfing (bool)
checkTrend (bool)

isBearishEngulfing(bodyAllowance, fullEngulfing, checkTrend)
: isBearishEngulfing
description:
Detects a Bearish Engulfing candlestick pattern.
A bearish candle fully (or partially) engulfs the previous bullish candle's body,
potentially signaling a reversal in an uptrend.

Parameters:
- bodyAllowance (float): Minimum body size to exclude weak signals. Default is na (uses syminfo.mintick * 2).
- fullEngulfing (bool): If true, the current candle must fully engulf the previous body. If false, partial engulfing is allowed.

return:
Returns true if a Bearish Engulfing pattern is detected, otherwise false.
Parameters:
bodyAllowance (float)
fullEngulfing (bool)
checkTrend (bool)

Biblioteca Pine

Fiel al espíritu de TradingView, el autor ha publicado este código de Pine como biblioteca de código abierto, para que otros programadores de nuestra comunidad puedan reutilizarlo. ¡Enhorabuena al autor! Puede usar esta biblioteca de forma privada o en otras publicaciones de código abierto, pero su reutilización en publicaciones está sujeta a nuestras Normas internas.

xprophetx

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.

Biblioteca Pine

xprophetx