help create this pattern

JoshLegend

New member
Hello ThinkScript Community,

I am new here, I recently discovered this community. Awesome to see members sharing their custom scripts with one another. I was wondering if someone could help create this pattern: So what I am looking for is a full candle reversal during an uptrend. The red candle must close equal to or below the previous green candle's open price. In addition, the MACD Histogram must change colors from bright green to dark green. Is it possible to have this done on multiple time frames (ex: 5M, 15M, 30M etc.) I am looking to use this pattern script to create a custom scan alert in TOS. Please let me know if you would like me to provide screenshots (via email) for reference.

Thank you so much!
 
Solution
Here is a study I have that will show the engulfing candle_Pattern with a label you might be able to use this as a starting point, the rest is up to you but your concept it interesting to get a multi signal approach to your strategy which I really like and look for myself

Hugh_TOS_EngulfingStudy_Pattern https://tos.mx/c1csOJs

add these to it as well and maybe they will help too

LB_MACD_forUpperChart https://tos.mx/TI0JuyS

My_MACD_Crossover_moveable https://tos.mx/JPi9bhX

I use orange arrows with the dots and hide the lines to see the MACD crossover on the chart easier. I also use the 8,16,5 EMA settings for the MACD they are a little faster and I like them for shorter term trades better just my thing
Here is a study I have that will show the engulfing candle_Pattern with a label you might be able to use this as a starting point, the rest is up to you but your concept it interesting to get a multi signal approach to your strategy which I really like and look for myself

Hugh_TOS_EngulfingStudy_Pattern https://tos.mx/c1csOJs

add these to it as well and maybe they will help too

LB_MACD_forUpperChart https://tos.mx/TI0JuyS

My_MACD_Crossover_moveable https://tos.mx/JPi9bhX

I use orange arrows with the dots and hide the lines to see the MACD crossover on the chart easier. I also use the 8,16,5 EMA settings for the MACD they are a little faster and I like them for shorter term trades better just my thing
 
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
441 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top