OPEN-SOURCE SCRIPT

Long Signal Consecutive Lower Shadows - Correct Bars Colored

1 155
This script identifies and highlights consecutive lower shadows on candlesticks in TradingView. A lower shadow is the portion of the candlestick between the low price and the lower of the open or close prices, often indicating price rejection at lower levels.
Key Features:

Threshold Settings: The user can customize the minimum length of the lower shadow (lowerShadowThreshold) and the maximum allowable price difference between consecutive lows (priceDifferenceThreshold).
Bar Coloring: When two consecutive bars meet the lower shadow condition, both bars are colored (default green).
Alerts: An alert is triggered when consecutive lower shadows are detected, allowing users to be notified of potential market reversals or buy opportunities.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.