Swing Highs/Lows & Candle Patterns [LuxAlgo]

This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer , inverse hammer , bullish engulfing , hanging man , shooting star , and bearish engulfing .

The notations HH, HL, LH, and LL you can see on the labels are defined as follows:

• HH : Higher high
  
• HL : Higher low
  
• LH : Lower high
  
• LL : Lower low
  

Setting

• Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.
  

Usage & Details

It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.

Note that the labels are offset, and will appear later in real-time, as such this indicator is not intended to detect tops/bottoms in real-time.

Higher values of length might return errors.

Catatan Rilis:

Copyright update & default "length" input value set to 20.

Catatan Rilis:

Minor Changes.

Catatan Rilis:

Update to script title.