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.

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