OPEN-SOURCE SCRIPT
Updated Candlestick OB Finder
Introduction
Hello, this here is a non-repainting candlestick indicator which is able to detect OB looking candlestick formations.
Usage
It can be used to confirm entries, but be aware that it produces a lot of false signals.
Somehow the swings tend to reverse at these points.
I recommend the 10–15 minutes timeframe.
I hope you enjoy this small indicator. :)
Hello, this here is a non-repainting candlestick indicator which is able to detect OB looking candlestick formations.
Usage
It can be used to confirm entries, but be aware that it produces a lot of false signals.
Somehow the swings tend to reverse at these points.
I recommend the 10–15 minutes timeframe.
I hope you enjoy this small indicator. :)
Release Notes
Updated the candlestick pattern
Open-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.
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Disclaimer
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