Dashboard with Pattern Confirmation

kemarin

📊 Dashboard with Pattern Confirmation 📊
Welcome to the Dashboard with Pattern Confirmation indicator! This powerful tool is designed to help you identify key candlestick patterns and confirm their validity using additional technical indicators. Whether you're a beginner or an experienced trader, this dashboard provides a clear and concise overview of market conditions, helping you make better trading decisions.

🎯 What Does It Do?
This indicator combines candlestick pattern detection with technical confirmation tools to give you a comprehensive view of the market. It detects two popular patterns:

🔨 Hammer: A bullish reversal pattern that often signals a potential price bounce.

📈 Bullish Engulfing: A strong bullish reversal pattern where a green candle completely engulfs the previous red candle.

To ensure these patterns are reliable, the dashboard also includes:

📉 RSI (Relative Strength Index): Identifies overbought or oversold conditions.

📊 SMA 50 (Simple Moving Average): Confirms the trend direction (uptrend or downtrend).

📈 ATR (Average True Range): Measures market volatility.

📊 Volume: Tracks whether trading volume is increasing or decreasing.

🛠️ How to Use It
Pattern Detection: The dashboard will show you if a Hammer or Bullish Engulfing pattern is present with a ✅ or ❌.

Confirmation: For a pattern to be considered "Confirmed," it must meet additional criteria:

The trend must be upward (price above SMA 50).

The RSI must indicate oversold conditions (RSI < 30).

Dashboard Overview: The table provides a quick snapshot of key metrics, including RSI, SMA 50, ATR, and Volume, along with their current status (e.g., "Uptrend," "Oversold," "High Vol").

🚀 Why Use This Indicator?
Save Time: No need to manually check multiple indicators—everything is displayed in one place.

Increase Confidence: Confirmed patterns are more likely to lead to successful trades.

Stay Informed: Real-time updates on market conditions help you stay ahead of the game.

💡 Pro Tips
Combine this dashboard with other tools like support/resistance levels for even better results.

Use the "Confirmed" status as a filter to avoid false signals.

Adjust the table's position (e.g., position.bottom_right) if it obstructs your chart.

🌟 Happy Trading!
With the Dashboard with Pattern Confirmation, you'll have all the essential information at your fingertips. Whether you're scalping, swing trading, or investing, this tool will help you trade smarter and more confidently. Let’s crush those goals! 🚀📈

Feel free to customize or tweak the indicator to suit your trading style. If you have any questions or suggestions, don’t hesitate to reach out. Happy trading! 🎉