OPEN-SOURCE SCRIPT
Early Reversal Candlestick Pattern
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.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
ChartTrader-X
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
ChartTrader-X
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.