OPEN-SOURCE SCRIPT
Candlestick - Kicker Pattern
Not many candlestick patterns hurt traders on the other side of the trade more than this signal, when it happens, think of it as kicking in the teeth, the pain is real.
An upwards signal is painted when you have a two-bar formation, the one on the left is a bearish one whereas the successive one is bullish, when you have fat bodies in both candles, meaning the open is close to the high and the close is close to the low for the first candle, while the open is close to the low and the close is close to the high for the adjacent candle, the pain is ever more excruciating, the other important condition is the open of the first candle must be lower than the open of the latter one.
The downwards signal is vice versa of the upwards signal.
An upwards signal is painted when you have a two-bar formation, the one on the left is a bearish one whereas the successive one is bullish, when you have fat bodies in both candles, meaning the open is close to the high and the close is close to the low for the first candle, while the open is close to the low and the close is close to the high for the adjacent candle, the pain is ever more excruciating, the other important condition is the open of the first candle must be lower than the open of the latter one.
The downwards signal is vice versa of the upwards signal.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.