5 Candle Analysis

# 5 Candle Analysis
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/x4x217PY-5-Candle-Analysis/

def candle1_Open = open[4];
def candle1_Close = close[4];
def candle2_Open = open[3];
def candle2_Close = close[3];
def candle3_Open = open[2];
def candle3_Close = close[2];

def candle4_Open = open[1];
def candle4_Close = close[1];
def candle5_Open = open;
def candle5_Close = close;

def isBullishTripleCandle = (candle1_Close > candle1_Open) and(candle2_Close > candle2_Open) and(candle3_Close >= candle3_Open) and(candle2_Close > candle1_Close);
def engulfCandle3withCandle5NotCandle4 = (candle4_Close <= candle4_Open) and(candle4_Close >= candle3_Open) and(candle5_Close <= candle5_Open) and(candle5_Close<candle3_Open);

def bearishReversalPredicted = isBullishTripleCandle and engulfCandle3withCandle5NotCandle4;

def isBearishTripleCandle = (candle1_Close < candle1_Open) and(candle2_Close<candle2_Open) and(candle3_Close <= candle3_Open) and(candle2_Close<candle1_Close);
def engulfCandle3withCandle5NotCandle4_1 = (candle4_Close >= candle4_Open) and(candle4_Close <= candle3_Open) and(candle5_Close >= candle5_Open) and(candle5_Close > candle3_Open);

def bullishReversalPredicted = isBearishTripleCandle and engulfCandle3withCandle5NotCandle4_1;

assignPriceColor(if bullishReversalPredicted then Color.Green else if bearishReversalPredicted then Color.Red else Color.White);