PST SM CSReversalPatterns

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SM_CSReveralPatterns is a “Show me” study of candlestick reversal patterns e.g. hammer, shooting star etc. drawn across from a Moving average.

Candlestick patterns e.g. hammer, shooting start etc. may indicate beginning of a price reversal. A good reversal often needs prior price action in opposite direction. For example, a hammer occurring after series of candlestick closing lower may be better reversal indicator.

With moving average filter in this indicator, you can draw candlestick pattern away from your preferred moving average. You can select any moving average of your choice and see the effects on the patterns drawn by the indicator. If you want to eliminate all effects of Moving average, you can simply select 1 for moving average.

This analysis tool provides bullish candlestick signals such as hammer, bullish harami and bullish engulfing. It also provides bearish candlestick signals such as shooting star, bearish harami, and bearish engulfing.

Input Information

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