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    1 - Pro Trading

    Uploaded by

    Viswanath Palyam
    This indicator analyzes candlestick patterns and plots the patterns on the chart. It identifies hammer, hanging man, inverted hammer, shooting star, morning star, evening star, bullish engulfing, bearish engulfing, dark cloud cover, and piercing patterns. When a pattern is detected, it will also generate an alert. User inputs allow toggling each pattern and adjusting multipliers for the calculations.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    1 - Pro Trading

    Uploaded by

    Viswanath Palyam
    55 views4 pages
    This indicator analyzes candlestick patterns and plots the patterns on the chart. It identifies hammer, hanging man, inverted hammer, shooting star, morning star, evening star, bullish engulfing, bearish engulfing, dark cloud cover, and piercing patterns. When a pattern is detected, it will also generate an alert. User inputs allow toggling each pattern and adjusting multipliers for the calculations.

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    pro trading

    Original Title

    1_pro trading

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    This indicator analyzes candlestick patterns and plots the patterns on the chart. It identifies hammer, hanging man, inverted hammer, shooting star, morning star, evening star, bullish engulfing, bearish engulfing, dark cloud cover, and piercing patterns. When a pattern is detected, it will also generate an alert. User inputs allow toggling each pattern and adjusting multipliers for the calculations.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    55 views4 pages

    1 - Pro Trading

    Uploaded by

    Viswanath Palyam
    This indicator analyzes candlestick patterns and plots the patterns on the chart. It identifies hammer, hanging man, inverted hammer, shooting star, morning star, evening star, bullish engulfing, bearish engulfing, dark cloud cover, and piercing patterns. When a pattern is detected, it will also generate an alert. User inputs allow toggling each pattern and adjusting multipliers for the calculations.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 4

    // This source code is subject to the terms of the Mozilla Public License 2.

    0 at
    https://mozilla.org/MPL/2.0/
    // � protradingart

    //@version=5
    indicator("Pro Trading Art - Candlestick Patterns with alert", "PTA - Candlestick
    Patterns", overlay=true)
    emaLen = input.int(21, "EMA Length")
    ema = ta.ema(close, emaLen)

    distance = math.abs((open - close)/close*100)

    var candleRange = array.new_float(na)

    array.push(candleRange, distance)

    avgRange = array.avg(candleRange)

    //#region Hammer
    shadowGroup = "=========== Shadow ==========="
    isHammer = input.bool(true, "Hammer", group=shadowGroup, inline = "Hammer")
    hammerMult = input.float(defval=2.0, title="Multiplier", step=0.1,
    group=shadowGroup, inline = "Hammer")
    hammer = (open-low) > (close-open)*hammerMult and (close-open) > (high-close) and
    isHammer and close < ema

    plotshape(hammer ? low : na, title="Hammer", text = "Hammer", style=shape.labelup,


    color=color.lime, size=size.normal, location=location.absolute, textcolor =
    color.black)

    if hammer
    alert("Hammer in : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Hanging Man


    isHanging = input.bool(true, "Hanging Man", group=shadowGroup, inline = "Hanging
    Man")
    hangingMult = input.float(defval=3.0, title="Multiplier", step=0.1,
    group=shadowGroup, inline = "Hanging Man")
    hanging = (open-low) > (close-open)*hangingMult and (close-open) > (high-close) and
    isHanging and close > ema

    plotshape(hanging ? high : na, title="Hanging Man", text = "Hanging Man",


    style=shape.labeldown, color=color.rgb(240, 116, 116), size=size.normal,
    location=location.absolute, textcolor = color.white)

    if hanging
    alert("Hanging Man In : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Inverted Hammer


    isInvertedHammer = input.bool(true, "Inverted Hammer", group=shadowGroup, inline =
    "Inverted Hammer")
    invertedHammerMult = input.float(defval=2.0, title="Multiplier", step=0.1,
    group=shadowGroup, inline = "Inverted Hammer")
    invertedHammer = (high-open) > (open-close)*invertedHammerMult and (open-close) >
    (close-low) and isInvertedHammer and close < ema
    plotshape(invertedHammer ? low : na, title=" Inverted Hammer", text = "Inverted
    Hammer", style=shape.labelup, color=color.rgb(60, 231, 148), size=size.normal,
    location=location.absolute, textcolor = color.black)

    if invertedHammer
    alert("Inverted Hammer : "+syminfo.ticker, alert.freq_once_per_bar_close)

    //#endregion

    //#region Shooting Star


    starGroup = "=========== Star ==========="
    isShootingStar = input.bool(true, "Shooting Star", group=starGroup, inline =
    "Shooting Star")
    shootingStarMult = input.float(defval=2.0, title="Multiplier", step=0.1,
    group=starGroup, inline = "Shooting Star")
    shootingStar = (high-open) > (open-close)*shootingStarMult and (open-close) >
    (close-low) and isShootingStar and close > ema

    plotshape(shootingStar ? high : na, title="Shooting Star", text = "Shooting Star",


    style=shape.labeldown, color=color.red, size=size.normal,
    location=location.absolute, textcolor = color.white)

    if shootingStar
    alert("Shooting Star : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Morning Star


    isMorningStar = input.bool(true, "Morning Star", group=starGroup)
    morningStar(Open, Close, High, Low)=>
    Close > Open and Close > Close[1] and Open > Open[1] and Open > Close [1] and
    Open[1] < Open[2] and Open[1] < Close[2] and Close[1] < Open[2] and Close[1] <
    Close[2] and Close < ta.sma(Close, 50) and
    High > Low[2] and Close > Low[2]

    morningstar = morningStar(open, close, high, low) and isMorningStar and close < ema
    plotshape(morningstar ? low : na, title="Morning Star", style=shape.labelup,
    color=color.rgb(54, 167, 58), location=location.absolute, text="Morning Star",
    textcolor=color.black, size=size.normal)

    if morningstar
    alert("Morning Star : "+syminfo.ticker, alert.freq_once_per_bar_close)

    //#endregion

    //#region Evening Star


    isEveningStar = input.bool(true, "Evening Star", group=starGroup)
    eveningStar(Open, Close, High, Low)=>
    Close < Open and Close < Close[1] and Open < Open[1] and Open < Close [1] and
    Open[1] > Open[2] and Open[1] > Close[2] and Close[1] > Open[2] and Close[1] >
    Close[2] and Close > ta.sma(Close, 50) and
    Low < High[2] and Close < High[2]

    eveningstar = eveningStar(open, close, high, low) and isEveningStar and close > ema
    plotshape(eveningstar ? high : na, title="Evening Star", style=shape.labeldown,
    color=color.rgb(230, 47, 47, 7), location=location.absolute, text="Evening Star",
    textcolor=color.white, size=size.normal)

    if eveningstar
    alert("Evening Star : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Bullish Engulfing


    engulfingGroup = "=========== Engulfing ==========="
    isBulllishEngulfing = input.bool(true, "Bullish Engulfing", group=engulfingGroup)

    bullishEngulfing = close > open[1] and close > close[1] and open < open[1] and open
    < close[1] and close < ema and distance > avgRange and isBulllishEngulfing

    plotshape(bullishEngulfing ? low : na, title="Bullish Engulfing", text = "Bullish


    Engulfing", style=shape.labelup, color=color.rgb(1, 189, 98), size=size.normal,
    location=location.absolute, textcolor = color.black)

    if bullishEngulfing
    alert("Bullish Engulfing in : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Bearish Engulfing

    isBearishEngulfing = input.bool(true, "Bearish Engulfing", group=engulfingGroup)

    bearishEngulfing = close < open[1] and close < close[1] and open > open[1] and open
    > close[1] and close > ema and distance > avgRange and isBearishEngulfing

    plotshape(bearishEngulfing ? high : na, title="Bearish Engulfing", text = "Bearish


    Engulfing", style=shape.labeldown, color=color.rgb(250, 64, 64), size=size.normal,
    location=location.absolute, textcolor = color.white)

    if bearishEngulfing
    alert("Bearish Engulfing in : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Dark Cloud Cover


    cloudGroup = "=========== Cloud ==========="
    isDarkCloudCover = input.bool(true, "Dark - Cloud Cover", group = cloudGroup)
    darkCloud = close[1] > open[1] and close < open and open > high[1] and close <
    close[1] - (high[1] - low[1])/4 and close > open[1] and close > ema

    plotshape(darkCloud ? high : na, title="Dark - Cloud Cover", text = "Dark - Cloud


    Cover", style=shape.labeldown, color=color.rgb(250, 64, 64), size=size.normal,
    location=location.absolute, textcolor = color.white)

    if darkCloud
    alert("Dark - Cloud Cover in : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

    //#region Piercing Pattern


    isPiercingPattern = input.bool(true, "Piercing Pattern", group = cloudGroup)
    piercing = close[1] < open[1] and close > open and close > close[1] + (open[1] -
    close[1])/2 and open < low[1] and close < open[1] and close < ema

    plotshape(piercing ? low : na, title="Piercing Pattern", text = "Piercing Pattern",


    style=shape.labelup, color=color.rgb(1, 189, 98), size=size.normal,
    location=location.absolute, textcolor = color.black)

    if piercing
    alert("Piercing Pattern in : "+syminfo.ticker, alert.freq_once_per_bar_close)
    //#endregion

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