OPEN-SOURCE SCRIPT
1 Hour HA Venkat Sir Commodities
Here’s a clear and professional description you can use for your TradingView script:
---
### **Script Name:**
**1 Hour HA Venkat Sir Commodities**
### **Description:**
This indicator is designed for identifying potential **buy and sell signals** in commodity markets using **Heikin Ashi candlestick patterns** combined with a **Relative Strength Index (RSI) filter**. It works on the **1-hour timeframe** and aims to capture early trend reversals or momentum shifts.
### **Key Features:**
* ✅ **Heikin Ashi Pattern Detection:**
Detects the following reversal candlestick patterns on calculated Heikin Ashi candles:
* **Bullish Engulfing**
* **Bullish Harami**
* **Bearish Engulfing**
* **Bearish Harami**
* ✅ **RSI Confirmation Filter:**
Adds an extra layer of confirmation using the standard 14-period RSI on regular price candles:
* **Buy signals** trigger only when RSI < 40 (oversold zone).
* **Sell signals** trigger only when RSI > 60 (overbought zone).
* ✅ **Visual Signals:**
* **Green upward triangles** below candles for buy signals.
* **Red downward triangles** above candles for sell signals.
* ✅ **Alert Conditions:**
Built-in alerts to notify users when valid buy or sell conditions are met.
### **Usage Tip:**
Best used on commodities charts set to the **1-hour timeframe**. Ensure you're not using Heikin Ashi chart mode, as the script calculates its own Heikin Ashi values for accuracy and consistency.
---
Let me know if you’d like a shorter version or want this translated into Hindi or another language.
---
### **Script Name:**
**1 Hour HA Venkat Sir Commodities**
### **Description:**
This indicator is designed for identifying potential **buy and sell signals** in commodity markets using **Heikin Ashi candlestick patterns** combined with a **Relative Strength Index (RSI) filter**. It works on the **1-hour timeframe** and aims to capture early trend reversals or momentum shifts.
### **Key Features:**
* ✅ **Heikin Ashi Pattern Detection:**
Detects the following reversal candlestick patterns on calculated Heikin Ashi candles:
* **Bullish Engulfing**
* **Bullish Harami**
* **Bearish Engulfing**
* **Bearish Harami**
* ✅ **RSI Confirmation Filter:**
Adds an extra layer of confirmation using the standard 14-period RSI on regular price candles:
* **Buy signals** trigger only when RSI < 40 (oversold zone).
* **Sell signals** trigger only when RSI > 60 (overbought zone).
* ✅ **Visual Signals:**
* **Green upward triangles** below candles for buy signals.
* **Red downward triangles** above candles for sell signals.
* ✅ **Alert Conditions:**
Built-in alerts to notify users when valid buy or sell conditions are met.
### **Usage Tip:**
Best used on commodities charts set to the **1-hour timeframe**. Ensure you're not using Heikin Ashi chart mode, as the script calculates its own Heikin Ashi values for accuracy and consistency.
---
Let me know if you’d like a shorter version or want this translated into Hindi or another language.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.