Pipstocrat Technical Patterns , identifies and visualizes key technical analysis patterns and structures on a TradingView chart. Here's a simple breakdown of what it does:
Fair Value Gaps (FVG): Detects and highlights bullish and bearish Fair Value Gaps as colored boxes. Adds centerline markers to indicate potential price levels.
Order Blocks (OB): Identifies bullish and bearish order blocks (areas of significant buying or selling). Displays them as colored rectangles extending to the right of the chart.
Candlestick Patterns: Detects Engulfing Patterns (bullish and bearish) with volume confirmation. Highlights Hammer and Inverted Hammer patterns with customizable shapes and colors.
Customization Options: Allows users to adjust colors, sizes, and styles for all patterns and structures. Provides options to show/hide specific patterns like FVGs, engulfing candles, hammers, etc.
Alerts: Generates alerts for detected patterns, such as FVGs, order blocks, engulfing candles, and confluence zones (combination of FVGs and order blocks).
Management Features: Automatically removes older or "filled" patterns (optional). Tracks and updates patterns dynamically as new bars form.
Purpose: This tool helps traders spot high-probability trading opportunities by identifying key market structures (like FVGs and order blocks) and candlestick patterns. It combines multiple technical analysis concepts into one comprehensive indicator for better decision-making.
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