TsangYouJun

Kicker Scanner

The kicker pattern is deemed to be one of the most reliable reversal patterns and usually signifies a dramatic change in the fundamentals of the company in question.

It is a 2-candle pattern, whereby there is a significant gap between the body of the most recent candle and the previous candle.

A bullish kicker is one in which the most recent candle is bullish, and the previous candle is bearish.

A bearish kicker is one in which the most recent candle is bearish, and the previous candle is bullish.

I notice this works best for stocks, as there are many gaps in a stock chart. Currencies have few gaps, and thus few kickers.

From within the settings, you can set the minimum permitted gap between the two candles, specified in price, accurate to 6 decimal places; 0.000001.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?