//@version=5
indicator("Nison Candlestick Strategy", overlay=true, max_labels_count=500)
// —————— Inputs ——————
fastMA_len = input.int(20, "Fast MA Period")
slowMA_len = input.int(50, "Slow MA Period")
bodyThreshold = input.float(0.25, "Body Size Threshold", minval=0.1, maxval=1)
// —————— Trend Detection ——————
fastMA = ta.sma(close, fastMA_len)
slowMA = ta.sma(close, slowMA_len)
uptrend = fastMA > slowMA
dntrend = fastMA < slowMA
// —————— Candle Anatomy ——————
openPrice = ta.open
closePrice = ta.close
highPrice = ta.high
lowPrice = ta.low
bodySize = math.abs(closePrice - openPrice)
totalRange = highPrice - lowPrice
isBullish = closePrice > openPrice
isBearish = closePrice < openPrice
// —————— Core Patterns (Nison's Criteria) ——————
// 1. Engulfing Patterns
bullishEngulfing = isBullish and isBearish[1] and
closePrice > openPrice[1] and
openPrice < closePrice[1] and
bodySize > bodySize[1]
bearishEngulfing = isBearish and isBullish[1] and
closePrice < openPrice[1] and
openPrice > closePrice[1] and
bodySize > bodySize[1]
// 2. Hammer/Hanging Man
hammer = (lowPrice - math.min(openPrice, closePrice)) >= 2 * bodySize and
(math.max(openPrice, closePrice) - lowPrice) <= totalRange * 0.1 and
dntrend
hangingMan = (highPrice - math.max(openPrice, closePrice)) >= 2 * bodySize and
(math.min(openPrice, closePrice) - lowPrice) <= totalRange * 0.1 and
uptrend
// 3. Morning/Evening Star
morningStar = isBearish[2] and
math.abs(closePrice[1] - openPrice[1]) <= bodySize[2] * 0.3 and
isBullish and
closePrice > (openPrice[2] + closePrice[2])/2
eveningStar = isBullish[2] and
math.abs(closePrice[1] - openPrice[1]) <= bodySize[2] * 0.3 and
isBearish and
closePrice < (openPrice[2] + closePrice[2])/2
// 4. Piercing Line/Dark Cloud Cover
piercingLine = isBearish[1] and isBullish and
openPrice < closePrice[1] and
closePrice > (openPrice[1] + closePrice[1])/2
darkCloud = isBullish[1] and isBearish and
openPrice > closePrice[1] and
closePrice < (openPrice[1] + closePrice[1])/2
// 5. Harami Patterns
bullishHarami = isBearish[1] and
isBullish and
openPrice > closePrice[1] and
closePrice < openPrice[1]
bearishHarami = isBullish[1] and
isBearish and
openPrice < closePrice[1] and
closePrice > openPrice[1]
// 6. Doji Family
doji = bodySize <= totalRange * 0.05
dragonflyDoji = doji and (lowPrice == math.min(openPrice, closePrice))
gravestoneDoji = doji and (highPrice == math.max(openPrice, closePrice))
// 7. Tweezer Tops/Bottoms
tweezerTop = highPrice == highPrice[1] and isBullish[1] and isBearish
tweezerBottom = lowPrice == lowPrice[1] and isBearish[1] and isBullish
// —————— Signal Generation ——————
buyConditions = (hammer or bullishEngulfing or morningStar or piercingLine or
bullishHarami or (dragonflyDoji and dntrend) or tweezerBottom) and
dntrend
sellConditions = (hangingMan or bearishEngulfing or eveningStar or darkCloud or
bearishHarami or (gravestoneDoji and uptrend) or tweezerTop) and
uptrend
// —————— Visual Output ——————
// Trend Background
bgcolor(uptrend ? color.new(color.green, 90) : color.new(color.red, 90))
// Pattern Labels
label.new(bar_index, lowPrice, "★\nBULL", style=label.style_label_up,
color=color.green, textcolor=color.white, size=size.small) when buyConditions
label.new(bar_index, highPrice, "★\nBEAR", style=label.style_label_down,
color=color.red, textcolor=color.white, size=size.small) when sellConditions
// MA Plots
plot(fastMA, "Fast MA", color.aqua)
plot(slowMA, "Slow MA", color.orange)
// —————— Alerts ——————
alertcondition(buyConditions, "Bullish Reversal", "Nison Bullish Pattern Detected")
alertcondition(sellConditions, "Bearish Reversal", "Nison Bearish Pattern
Detected")
