OPEN-SOURCE SCRIPT

4 Candle Pattern [odnac]

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Long Signal (▲)
  • Candle 1: Bearish
  • Candles 2, 3, 4: Bullish
  • A price gap exists between Candle 2 high and Candle 4 low
  • Candle 1's high falls within that gap

Short Signal (▼)
  • Candle 1: Bullish
  • Candles 2, 3, 4: Bearish
  • A price gap exists between Candle 2 low and Candle 4 high
  • Candle 1's low falls within that gap

Once a pattern is detected, a line is drawn from Candle 1's low (short) or high (long).
⚠️ Note: The signal marker (▼/▲) is plotted on Candle 1, which is 3 bars in the past at the time of detection.
Since the signal appears only after all 4 candles are completed, wait for price to retrace back to the line before entering.

Settings
  • Show Signals: Toggle the ▼/▲ markers
  • Show Lines: Toggle the entry level lines
  • Short / Long Color: Customize signal colors

כתב ויתור

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