OPEN-SOURCE SCRIPT

Consecutive Bullish/Bearish Candles

337
🔍 Overview:
This indicator detects market manipulation and deception by identifying sequences of consecutive bullish or bearish candles. It highlights potential reversal zones where trends may exhaust or trap traders before reversing.

📌 How It Works:

The user can set a custom number of consecutive bullish or bearish candles (default: 5).
If the set number of consecutive green (bullish) or red (bearish) candles appears, the indicator plots a signal on the chart.
This pattern often signals exhaustion, stop hunts, or market traps, making it useful for traders looking for reversal opportunities.

📊 Features:
✅ Customizable candle count for detection
✅ Visual signals (✅ for bullish, ❌ for bearish)
✅ Alerts support for automated notifications
✅ Works on all timeframes and all markets (crypto, stocks, forex)

⚠️ Note:
This indicator does not guarantee reversals but helps identify areas where traders may be trapped and a trend shift is likely. Always use it with other confluence factors like volume, support/resistance, and market sentiment.

🚀 Use this tool to spot market deception and trade smart!

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。