Kicker Candlestick Pattern for ThinkorSwim

BenTen

BenTen

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A kicker pattern is a two-bar candlestick pattern that is used to predict a change in the direction of the trend for an asset's price. This pattern is characterized by a very sharp reversal in price over the span of two candlesticks; traders use it to determine which group of market participants is in control of the direction. The pattern points to a strong change in investors' attitude surrounding a security. This usually occurs following the release of valuable information about a company, industry or an economy.




thinkScript Code

Code:
# Kicker Candlestick Pattern
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/mJoMILe1-BlackCandlesPatterns/

def bullish_kicker = open[1] > close[1] and open>=open[1] and close>open;
def bearish_kicker = open[1] < close[1] and open<=open[1] and close<=open;

assignPriceColor(if bullish_kicker then color.Green else if bearish_kicker then Color.Red else Color.WHITE);

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