Bullishcandlestick — Indicators and Strategies

Candle % Close with Bullish/Bearish Evaluation I created the indicator to more quickly define the polarity of candles. For a large number of candles, it is straightforward to determine whether a candle is bullish or bearish. However, candles with long wicks often appear, making it uncertain whether the candle is bullish or bearish from a price action perspective. It is not a rule that a red candle is bearish and a green candle is bullish. From a more advanced price action standpoint, how these candles close is important. Therefore, I created the 'Percent range' input. By default, it is set to 50% (high-low)/2. This way, the indicator precisely determines 50% of the candle's entire range. This allows us to determine whether a bearish candle truly closed below 50% of its range. If not, such a candle is considered bullish, even if it is a negative candle. The same applies to bullish candles, but conversely. If a positive candle closes below 50% of its range, from a price action perspective, it is considered a bearish candle. Since in price action it is common for the price to return to 50% of the previous candle and, after filling, to continue in the established trend, I added the line extension option. Whatever high value you enter, the line extension follows the current candle. This option works only when the stop line checkbox is enabled. This way, you can plot 50% of the candle's range that the market has historically not returned to due to a strong trend. Often, this line is plotted on a candle where there is also an FVG, which can help you more easily find a point of interest. Stop line extension : Ensures the interruption of line plotting when the candle is touched by the body or wick.

Bullish Candlestick Patterns With Filters [TradeDots]The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns. 6 CANDLESTICK PATTERNS Hammer Inverted Hammer Bullish Engulfing The Piercing Line The Morning Star The 3 White Soldiers SIGNAL FILTERING The indicator incorporates with 2 primary methodologies aimed at filtering out lower accuracy signals. Firstly, it comes with a "Lowest period" parameter that examines whether the trough of the bullish candlestick configuration signifies the lowest point within a specified retrospective bar length. The longer the period, the higher the probability that the price will rebound. Secondly, the channel indicators, the Keltner Channels or Bollinger Bands. This indicator examines whether the lowest point of the bullish candlestick pattern breaches the lower band, indicating an oversold signal. Users have the flexibility to modify the length and band multiplier, enabling them to custom-tune signal sensitivity. Without Filtering: With Filtering RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.

Bullish Candlestick Patterns Bullish Abandone Baby Bullish Above The Stomach Bullish Belt Hold Bullish Breakaway Bullish Concealing Baby Swallow Bullish Counterattack Lines Bullish Deliberation Block Bullish Descent Block Bullish Doji Star Bullish Downside Gap Two Rabbits Bullish Dragonfly Doji Bullish Engulfing Bullish Hammer Bullish Harami Bullish Harami Cross Bullish High Price Gapping Play Bullish Homing Pigeon Bullish Hook Reversal Bullish Inverted Hammer Bullish Island Reversal Bullish Kicking Bullish Ladder Bottom Bullish Last Engulfing Bottom Bullish Mat Hold Bullish Matching Low Bullish Meeting Line Bullish Morning Doji Star Bullish Morning Star Bullish On Neck Bullish One White Soldier Bullish Piercing Line Bullish Rising Three Methods Bullish Rising Window Bullish Separating Lines Bullish Side by Side White Lines Bullish Stick Sandwich Bullish Takuri Line Bullish Three Gap Downs Bullish Three Inside Up Bullish Three Line Strike Bullish Three Outside Up Bullish Three Stars in the South Bullish Three White Soldiers Bullish Thrusting Line During Uptrend Bullish Tower Bottom Bullish Tristar Bullish Tweezers Bottom Bullish Two Rabbits Bullish Unique Three River Bottom Bullish Upside Gap Three Methods Bullish Upside Tasuki Gap