indicator · on price · open source
Bearish Harami
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About
Bearish Harami: a large green candle followed by a small red candle contained entirely within the prior body. Early warning that buyers are losing conviction.
- Red bar colour on the harami bar.
- Combine with a bearish confirmation candle on the next bar for entry.
Source code
//@version=5
indicator("Bearish Harami", overlay=true)
prevUp = close[1] > open[1]
currDown = close < open
harami = prevUp and currDown and open < close[1] and close > open[1]
barcolor(harami ? color.red : na)
plotshape(harami, "Bearish Harami", style=shape.triangledown, location=location.abovebar, color=color.red, text="BH")
alertcondition(harami, "Bearish Harami", "Bearish Harami pattern printed")
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