Independent Candlestick Pattern Signals with Strategy Entries and Alerts
Summary
This strategy packages seven candlestick signal types: pinbars, engulfing patterns, fractal highs and lows, single and double harami patterns, and large-body candles. Each type can be switched on or off independently, with configurable pinbar and body-size thresholds. Enabled signals receive separate chart markers, strategy entry identifiers, and webhook tags; alerts and entries are sent only after a bar is confirmed.
The document describes the signal orchestration and alert payload fields, but does not define the imported library’s pattern calculations in detail or present backtest results. Although the script is configured as a strategy, the description frames it as a research and automation starting point, not evidence that the patterns are profitable. Multiple independent signals can fire, and the example uses pyramiding, so users would need to assess position management, costs, risk controls, and signal quality before relying on it.
Key ideas
- Seven pattern categories can be enabled independently and plotted with distinct markers.
- Confirmed signals generate separate strategy entries and webhook alerts.
- Pinbar thresholds and the minimum large-candle body fraction are configurable.
- The document provides no performance evidence, and the imported library’s detailed detection rules are not shown.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.