OPEN-SOURCE SCRIPT
Pullback Candle (Bullish & Bearish, No EMA)
🔍 Purpose
This indicator detects simple pullback reversal patterns based on price action and swing highs/lows — without any moving average or trend filters.
It highlights:
Bullish pullbacks (potential bounce/long setups)
Bearish pullbacks (potential rejection/short setups)
📈 Bullish Pullback Criteria
Three-bar pattern:
Bar 3: Highest close
Bar 2: Lower close
Bar 1: Even lower close
Current bar closes above previous bar (bullish reversal)
One of the last two candles is the lowest low of the past 6 bars (swing low)
📍 Result: A small green cross is plotted below the bar, and the bar is colored green.
📉 Bearish Pullback Criteria
Three-bar pattern:
Bar 3: Lowest close
Bar 2: Higher close
Bar 1: Even higher close
Current bar closes below previous bar (bearish reversal)
One of the last two candles is the highest high of the past 10 bars (swing high)
📍 Result: A small red cross is plotted above the bar, and the bar is colored red.
🔔 Alerts
One alert condition each for bullish and bearish pullback detection.
Can be used to trigger TradingView alerts.
🛠️ Customization
No inputs — fully automated logic
Clean, minimal, and fast
Can be extended with labels, alert sounds, or signals
This indicator detects simple pullback reversal patterns based on price action and swing highs/lows — without any moving average or trend filters.
It highlights:
Bullish pullbacks (potential bounce/long setups)
Bearish pullbacks (potential rejection/short setups)
📈 Bullish Pullback Criteria
Three-bar pattern:
Bar 3: Highest close
Bar 2: Lower close
Bar 1: Even lower close
Current bar closes above previous bar (bullish reversal)
One of the last two candles is the lowest low of the past 6 bars (swing low)
📍 Result: A small green cross is plotted below the bar, and the bar is colored green.
📉 Bearish Pullback Criteria
Three-bar pattern:
Bar 3: Lowest close
Bar 2: Higher close
Bar 1: Even higher close
Current bar closes below previous bar (bearish reversal)
One of the last two candles is the highest high of the past 10 bars (swing high)
📍 Result: A small red cross is plotted above the bar, and the bar is colored red.
🔔 Alerts
One alert condition each for bullish and bearish pullback detection.
Can be used to trigger TradingView alerts.
🛠️ Customization
No inputs — fully automated logic
Clean, minimal, and fast
Can be extended with labels, alert sounds, or signals
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。