maroubozu.pine

//@version=4
// Thomas Ranker
study(title = "marubozu", overlay = true)

// https://zenandtheartoftrading.com/pinescript/how-to-detect-candle-patterns/

tolerance = input(0.01, title="wick tolerance (%)")
is_mb=abs(abs(close-open)/(high-low)-1)<=tolerance

is_bullish= close>open

candleColor = is_bullish ? color.green : color.red
plotshape(is_mb,title="marubozu",text='marubozu',textcolor=color.white,color=candleColor, style=shape.arrowdown,location=location.abovebar)

// bullish engulfing candles
// engulfing candles
bullishEC = close > open[1] and close[1] < open[1]
bearishEC = close < open[1] and close[1] > open[1]

tradeSignal = ((rsiOS or rsiOS[1]) and bullishEC) or ((rsiOB or rsiOB[1]) and bearishEC)
// Plot signals to chart
plotshape(bullishEC, title="Long", location=location.belowbar, color=color.green, transp=0, style=shape.triangleup, text="Long")
plotshape(bearishEC, title="Short", location=location.abovebar, color=color.red, transp=0, style=shape.triangledown, text="Short")