Candlestick Traders Description :

This indicator recognize about 13 candlestick patterns and draw their names with green and red arrows on chart:

Doji

Evening star

Morning star

Shooting star

Hammer

Inverted hammer

Bearish harami

Bullish harami

Bearish engulfing

Bullish engulfing

Piercing line

Hanging man

Dark cloud cover

 

I know a lot of people are looking for codes for candlestick pattern recognition, I stumble upon this pinescript code at TV so I decided to convert it to prorealtime.

The patterns tests are stored into “data” variables, so these codes snippets can be taken to make other indicators, trading strategies or screeners with ease.

Text colour can be changed with the R.G.B. values at the beginning of the code.