OPEN-SOURCE SCRIPT

Early Reversal Candlestick Pattern

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Early Reversal Candlestick Pattern Indicator (TradingView Pine Script v6)

Identify high-probability market reversals with this advanced candlestick pattern indicator. The script automatically detects and confirms multiple bullish and bearish reversal setups, helping traders spot potential trend changes with greater confidence.

✅ Included Patterns

🔹 Inside Bar Breakout (Bullish)
🔹 Inside Bar Breakdown (Bearish)
🔹 Hammer Confirmation (Bullish)
🔹 Shooting Star Confirmation (Bearish)
🔹 Bullish Engulfing Reversal
🔹 Bearish Engulfing Reversal

⚡ Key Features
Adjustable confirmation candle count
Individual pattern enable/disable controls
Separate color customization for each setup
Automatic visual highlighting of confirmed reversal zones
Works on all markets and timeframes


📈 How It Works

The indicator doesn't just identify candlestick patterns—it waits for additional confirmation candles before marking a setup, reducing false signals and improving trade quality.

Perfect for:
✔️ Price Action Traders
✔️ Swing Traders
✔️ Intraday Traders
✔️ Trend Reversal Strategies

💡 Combine with support/resistance, volume, and market structure for even better results.

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.