Pullback Candle (Bullish & Bearish, No EMA)

🔍 Purpose
This indicator detects simple pullback reversal patterns based on price action and swing highs/lows — without any moving average or trend filters.

It highlights:

Bullish pullbacks (potential bounce/long setups)

Bearish pullbacks (potential rejection/short setups)

📈 Bullish Pullback Criteria
Three-bar pattern:

Bar 3: Highest close

Bar 2: Lower close

Bar 1: Even lower close

Current bar closes above previous bar (bullish reversal)

One of the last two candles is the lowest low of the past 6 bars (swing low)

📍 Result: A small green cross is plotted below the bar, and the bar is colored green.

📉 Bearish Pullback Criteria
Three-bar pattern:

Bar 3: Lowest close

Bar 2: Higher close

Bar 1: Even higher close

Current bar closes below previous bar (bearish reversal)

One of the last two candles is the highest high of the past 10 bars (swing high)

📍 Result: A small red cross is plotted above the bar, and the bar is colored red.

🔔 Alerts
One alert condition each for bullish and bearish pullback detection.

Can be used to trigger TradingView alerts.

🛠️ Customization
No inputs — fully automated logic

Clean, minimal, and fast

Can be extended with labels, alert sounds, or signals