OPEN-SOURCE SCRIPT
Inside Candle e Outside Nicolau Edition

This indicator automatically identifies and highlights two of the most
reliable candlestick patterns in technical analysis:
🔹 Inside Candle — A candle fully contained within the previous one,
signaling market compression and potential breakout setup.
🔸 Bullish Engulfing — A bullish candle that completely engulfs the
body of the prior bearish candle, indicating potential reversal to
the upside.
🔸 Bearish Engulfing — A bearish candle that completely engulfs the
body of the prior bullish candle, indicating potential reversal to
the downside.
━━━━━━━━━━━━━━━━━━━━━━
⚙️ FEATURES
━━━━━━━━━━━━━━━━━━━━━━
✅ Candle coloring directly on the chart (barcolor)
✅ Optional arrows for quick visual identification
✅ Minimum body size filter for engulfing patterns
✅ Fully customizable colors
✅ Built-in alerts for all patterns
✅ Engulfing takes priority over Inside Candle when both occur
━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━
This tool is for educational and analytical purposes only.
It does not constitute financial advice. Always use proper
risk management and combine with other analysis methods.
reliable candlestick patterns in technical analysis:
🔹 Inside Candle — A candle fully contained within the previous one,
signaling market compression and potential breakout setup.
🔸 Bullish Engulfing — A bullish candle that completely engulfs the
body of the prior bearish candle, indicating potential reversal to
the upside.
🔸 Bearish Engulfing — A bearish candle that completely engulfs the
body of the prior bullish candle, indicating potential reversal to
the downside.
━━━━━━━━━━━━━━━━━━━━━━
⚙️ FEATURES
━━━━━━━━━━━━━━━━━━━━━━
✅ Candle coloring directly on the chart (barcolor)
✅ Optional arrows for quick visual identification
✅ Minimum body size filter for engulfing patterns
✅ Fully customizable colors
✅ Built-in alerts for all patterns
✅ Engulfing takes priority over Inside Candle when both occur
━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━
This tool is for educational and analytical purposes only.
It does not constitute financial advice. Always use proper
risk management and combine with other analysis methods.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Fabricio Nicolau
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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Fabricio Nicolau
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.