Candle Combo Screener

The Candle Combo Screener indicator provides a multi-ticker dashboard for identifying specific candlestick combinations across up to 40 different symbols simultaneously. It aims to streamline market analysis by alerting traders to potential reversals and price action patterns such as Kickers, Oops Reversals, and Inside Days through a customizable visual table.

Usage

The Usage section allows traders to monitor various symbols in a single view, making it ideal for multi-market scanning. When a specific candle combination is detected on the daily timeframe for a selected ticker, the corresponding cell in the table highlights to provide a clear visual signal.

• Bullish Kicker: Identified when the current candle gaps above the prior day's body after a bearish day.
• Oops Reversals:
  • Bullish: Price opens below the prior day’s low and closes above it.
  • Bearish: Price opens above the prior day’s high and closes below it.
• Open Equals High / Low (OEL/OEH): Triggered when the current opening price is exactly equal to the day's high or low, indicating strong immediate sentiment.
• Inside / Engulfing (IN/EN): Detects Inside Days (high and low contained within the previous day's range) or Engulfing candles.
• 3 Bar Break (3BB): Signals momentum shifts based on three-candle high/low structures.

Details

The indicator executes its logic by requesting data from the daily ('D') timeframe for each symbol listed in the settings. It uses request.security to fetch boolean states for each pattern. The construction uses a table object that dynamically updates its position and appearance based on user inputs. The "Oops Reversal" concept is based on Larry Williams' classic trading pattern, while other patterns focus on standard price action gap and range analysis.

Settings

Candle Combos

• Kicker: Enables or disables the detection of Kicker patterns.
• Oops Reversals: Toggles visibility for Bullish and Bearish Oops reversals.
• Open is High / Low: Enables the alert for candles where the open matches the daily extreme.
• Inside / Engulfing: Toggles detection for range-bound (Inside) or range-exceeding (Engulfing) bars.
• 3 Bar Break: Enables the 3-bar momentum breakout signal.

Symbols

• Symbol 1-40: Allows the user to input the specific tickers they wish to track. Each symbol has a corresponding checkbox to enable or disable it from the screener.

Table Options

• X/Y Position: Controls the horizontal and vertical alignment of the dashboard on the chart.
• Table Size: Adjusts the scale of the text and cells (Small, Normal, Large, Huge).
• Colors: Custom inputs for Bullish and Bearish combo highlights to match different chart themes.

FAQ

How do I add new symbols to the list?

You can navigate to the indicator settings under the "Symbols" group and manually type in any ticker available on TradingView for any of the 40 available slots.

Can I change the timeframe of the scanning?

The script is hardcoded to scan the Daily ('D') timeframe to ensure consistency in the specific price action patterns described, such as "Inside Day".

How can I access the Candle Combo Screener?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.