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Does anyone know if there is a candlestick reversal indicator that combines all the potential candlestick reversal patterns into a single indicator? it seems to me that would be a very handy thing to have. I will try to write one if that wheel has not been invented yet.
Cheers,
Ted
Can you help answer these questions from other members on NexusFi?
I have written the indicator. A few caveats: 1. All the patterns are based on the default settings of the particular pattern presented. 2. These patterns are the result of the Candlestick library within Thinkorswim, I was surprised at how many patterns were identified. 3. There are two modes, delayed and immediate. The delayed mode waits until the next open to display the pattern name while the immediate mode displays the pattern as it is identified. I find the immediate mode useful in daily charts and the delayed mode better for intraday charts. This is my first attempt at writing code for other than my own use. Please let me know if there are improvements to be made.
