OPEN-SOURCE SCRIPT
HamStar Tweezer Engulfing Detector
Updated
Standard candle pattern identifier like many already available, however this one allows to filter with ATR or RVOL to help remove false signals.
Please comment any suggestions, questions or requests.
*Disclaimer*
some of the pattern logic was located throughout the internet and is not mine. I have simply cobbled it together and added the filters.
Please comment any suggestions, questions or requests.
*Disclaimer*
some of the pattern logic was located throughout the internet and is not mine. I have simply cobbled it together and added the filters.
Release Notes
Now added a "confirmation function". Will colorize background only if confirmed when activated.Release Notes
-Added "show labels" to allow cleaning up the screen by removing the pattern labels-Added "include wicks" which changes the confirmation feature from close/close to high/low
-Updated hammer/star code for better coverage
-Brightened "confirmation" bg colors for easier viewing
Release Notes
-Fix unconfirmed labels still showing-Remove redundancies
Release Notes
-Label offset -1 so labels occur over actual pattern, BG colorization occurs on confirmation barRelease Notes
-Add Marubozu pattern-Settings clean up and information
Release Notes
-Add Bull/Bear Harami pattern-Change some default options
Release Notes
-All filters by default-Fix RVOL minimum to float instead of int
Release Notes
-Add basic bull/bear alerts Release Notes
-TypoRelease Notes
-Change BG color transparency to see bars betterRelease Notes
-Small editsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.