OPEN-SOURCE SCRIPT
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Candlestick Pattern Scanner

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Candlestick Pattern Scanner

Candlestick Pattern Scanner detects 28 classic Japanese candlestick patterns, 13 bullish, 13 bearish, 2 neutral, and qualifies every reversal pattern against its own prior-trend context, not candle shape alone. The same geometry (small body, long lower wick) reads as a Hammer after a downtrend and a Hanging Man after an uptrend.

HOW IT WORKS

Trend Engine, combines EMA slope, price displacement, market structure (higher-highs/higher-lows vs. lower-highs/lower-lows), and an optional efficiency-ratio directional weight into a 5-state trend read (Strong Downtrend to Strong Uptrend).

Off / Standard / Strict per pattern, every pattern is configured independently. Strict demands tighter geometric tolerance, a stronger prior trend, and better close/open placement than Standard.

Quality Score (0-100), geometry (40%), trend alignment (30%), proximity to a recent swing high/low (15%), and range-vs-ATR normalcy (15%). Ranks how far beyond the bare minimum a detection sits; it never changes whether a pattern fires, only how it's ranked and filtered.

Conflict resolution, when multiple patterns fire on the same bar, Display Mode picks what gets labeled: All, Highest Priority (multi-candle > two-candle > single-candle > neutral), or Highest Quality (default).

Built-in legend, a bottom-left table maps every abbreviation to its full pattern name.

BUILT-IN TRACKING

The Data Window keeps a running count of every pattern found, grouped Bullish/Bearish/Neutral with totals, a quick read on which patterns are actually showing up on this symbol/timeframe, not just single detections.

INPUTS

  • General: master Bullish/Bearish/Neutral toggles, Display Mode, Use Full Names, Show Quality Score, Minimum Quality.
  • Trend Engine: lookback, EMA lengths, strong/weak thresholds, efficiency-ratio toggle, ATR length, tolerance factors.
  • Pattern Configuration: Off/Standard/Strict per pattern, 28 total.
  • Appearance: bullish/bearish/neutral colors, label size/offset/transparency, legend table toggle.
  • Alerts: per-direction toggles and a minimum alert quality.


DISCLAIMER

This is an independent, original implementation of publicly known candlestick concepts, not a clone of, or claim of equivalence to, any specific commercial product. Every threshold is disclosed in the script itself. Classical candlestick patterns are not inherently predictive; use the Quality Score and your own back-testing to judge whether a given pattern/context combination has real edge on the symbol and timeframe you're trading, and always apply proper risk management.
Nota Keluaran
  • Default quality to 95
  • Visually hidden labels under quality threshold

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.