Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
100% accurate entry-Mother indicator for Amibroker (AFL)
Rating:
1 / 5 (Votes 5)
Tags:
intraday, amibroker, pattern
This is my favorite indicator used for intraday. I have named it “MOTHER INDICATOR” for the support and encouragement which i got from mother i have named it so.
This is to my knowledge gives 100% accurate entries. I keep 6 points for profit and 6 points for SL. And with this way of trading i earning 40% on the investment per month is very easy. I have tested, traded and trading with huge profits from this beautiful simple indicator.
Hope you all will benefit from this…
Thanks in advance.
Screenshots
Similar Indicators / Formulas
Volume Trade with Candle reader
Submitted
by Divyesh almost 11 years ago
Head & Shoulders Pattern
Submitted
by anandnst almost 13 years ago
1 Minute inside 6 bar consolidation
Submitted
by alvaroaltair about 10 years ago
Modified Head & Shoulder Pattern
Submitted
by huynhbao2 about 13 years ago
Cup Formation
Submitted
by vargasc1 about 13 years ago
Schiff Lines
Submitted
by kaiji about 14 years ago
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("CANDLESTICKS DETECTOR");
O1 = Ref(O,-1);O2 = Ref(O,-2);O3 = Ref(O,-3);O4 = Ref(O,-4);
H1 = Ref(H,-1);H2 = Ref(H,-2);H3 = Ref(H,-3);H4 = Ref(H,-4);
C1 = Ref(C,-1);C2 = Ref(C,-2);C3 = Ref(C,-3);C4 = Ref(C,-4);
L1 = Ref(L,-1);L2 = Ref(L,-2);L3 = Ref(L,-3);L4 = Ref(L,-4);
GraphXSpace = 5;
/*UP and Down Trend of last 4 days*/
dtrend = (L1 < L2)AND (L2 < L3) AND (L3 < L4);
utrend = (H1 > H2)AND (H2 > H3) AND (H3 > H4);
/*Maximum High Today - (MHT)
Today is the maximum High in the last 5 days*/
MHT= HHV(H,5)==H;
/*Maximum High Yesterday - (MHY)
Yesterday is the maximum High in the last 5 days*/
MHY= HHV(H,5)==Ref ( H, -1);
/*Minimum Low Today - (MLT)
Today is the minimum Low in the last 5 days*/
MLT= LLV(L,5)==L;
/*Minimum Low Yesterday - (MLY)
Yesterday is the minimum Low in the last 5 days*/
MLY= LLV(L,5)==Ref(L,-1);
/*Peircing Percent*/
PiercingPercent = ((C - C1)/C1) * 100;
Doji = (abs(O-C)<= ((H-L)*0.1));
BlackCandle = (O>C);
LongBlackCandle = (O>C AND (O-C)/(.001+H-L)>.6);
SmallBlackCandle = ((O>C) AND ((H-L)>(3*(O-C))));
WhiteCandle = (C>O);
LongWhiteCandle = ((C>O) AND ((C-O)/(.001+H-L)>.6));
SmallWhiteCandle = ((C>O) AND ((H-L)>(3*(C-O))));
BlackMaubozu = (O>C AND H==O AND C==L);
WhiteMaubozu = (C>O AND H==C AND O==L);
BlackClosingMarubozu = (O>C AND C==L);
WhiteClosingMarubozu = (C>O AND C==H);
BlackOpeningMarubozu = (O>C AND O==H);
WhiteOpeningMarubozu = (C>O AND O==L);
OpenGap = ((C1 - O)/O) * 100;
CloseGap = ((O - C1)/C1) * 100;
///////************************************** Engulfings ********************************************//////////////
BullishEngulfing = (LongWhiteCandle AND dtrend AND (O1>C1) AND (C>O) AND (C>= O1) AND (C1>= O) AND ((C-O)>(O1-C1)));
_SECTION_BEGIN("");
BI = BarIndex();
BV = BeginValue(BarIndex());
EV = EndValue(BarIndex());
SV = SelectedValue(BarIndex());
BuWholeEngulf = 0;
CurrentBar = SelectedValue( BarIndex() );
FirstBullBar = CurrentBar - 30;
Bar = CurrentBar;
do
{
if ( SelectedValue(Close) >= ( Open[Bar-1]) AND SelectedValue(Close) >= ( Close[Bar-1]) AND SelectedValue(Open) <= ( Open[Bar-1]) AND SelectedValue(Open) <= ( Close[Bar-1]) )
{
BuWholeEngulf = BuWholeEngulf + 1;
Bar--;
}
}
while( Bar> FirstBullBar AND SelectedValue(Close) >= ( Open[Bar-1]) AND SelectedValue(Close) >= ( Close[Bar-1]) AND SelectedValue(Open) <= ( Open[Bar-1]) AND SelectedValue(Open) <= ( Close[Bar-1]));
_SECTION_END();
_SECTION_BEGIN("");
BearishEngulfing = (MHT AND utrend AND LongBlackCandle AND (C1>O1) AND (O>C) AND (O>= C1) AND (O1>= C) AND ((O-C)>(C1-O1)));
_SECTION_BEGIN("");
BI = BarIndex();
BV = BeginValue(BarIndex());
EV = EndValue(BarIndex());
SV = SelectedValue(BarIndex());
BeWholeEngulf = 0;
CurrentBar = SelectedValue( BarIndex() );
FirstBearBar = CurrentBar - 30;
Bar = CurrentBar;
do
{
if ( SelectedValue(Close) <= ( Open[Bar-1]) AND SelectedValue(Close) <= ( Close[Bar-1]) AND SelectedValue(Open) >= ( Open[Bar-1]) AND SelectedValue(Open) >= ( Close[Bar-1]) )
{
BeWholeEngulf = BeWholeEngulf + 1;
Bar--;
}
}
while( Bar> FirstBearBar AND SelectedValue(Close) <= ( Open[Bar-1]) AND SelectedValue(Close) <= ( Close[Bar-1]) AND SelectedValue(Open) >= ( Open[Bar-1]) AND SelectedValue(Open) >= ( Close[Bar-1]));
_SECTION_END();
//////****************************************** Piercings ********************************************////////
PiercingLine = (Ref(LongBlackCandle,-1) AND dtrend AND(C1<O1) AND (((O1+C1)/2)<C) AND (O<C) AND (O<C1) AND (C<O1) AND ((C-O)/(.001+(H-L))>0.6));
DarkCloudCover = (MHT AND Ref(LongWhiteCandle,-1) AND utrend AND C1>O1 AND ((C1+O1)/2)>C AND O>C AND O>C1 AND C>O1 AND (O-C)/(.001+(H-L)>0.6) );
///////////////**********************************Hammers *****************************************//////////////////
dhammertrend = (L < L1) AND (L1 < L2)AND (L2 < L3) AND (L3 < L4);
uhangingmantrend = (H > H1) AND(H1 > H2)AND (H2 > H3) AND (H3 > H4);
Hammer = (((H-L)>3*(O-C)) AND ((C-L)/(.001+H-L)>0.6) AND ((O-L)/(.001+H-L)>0.6) AND dhammertrend AND NOT Doji);
/*Hammer Tails*/
BlackHammerTail = (C-L) / (O-C);
WhiteHammerTail = (O-L) / (C-O);
HangingMan = (((H-L)>4*(O-C)) AND ((C-L)/(.001+H-L)>= 0.75) AND ((O-L)/(.001+H-L)>= 0.75) AND uhangingmantrend AND NOT Doji);
/*HangingMan Tails*/
BlackHangingManTail = (C-L) / (O-C);
WhiteHangingManTail = (O-L) / (C-O);
Harami=
IIf(O>C AND O1>C1 AND O<O1 AND C>C1,1,
IIf(O>C AND C1>O1 AND C>O1 AND O<C1,1,
IIf(C>O AND C1>O1 AND C<C1 AND O>O1,1,
IIf(C>O AND O1>C1 AND O>C1 AND C<O1,1,0))));
BullishHarami = (Harami AND (O1>C1) AND Ref(LongBlackCandle,-1) AND NOT LongWhiteCandle);
InvertedHammer = (((H-L)>3*(O-C)) AND ((H-C)/(.001+H-L)>0.6) AND ((H-O)/(.001+H-L)>0.6));
ShootingStar = (((H-L)>4*(O-C)) AND ((H-C)/(.001+H-L)>= 0.75) AND ((H-O)/(.001+H-L)>= 0.75));
BlackSpinningTop= ((O>C) AND ((H-L)>(3*(O-C))) AND (((H-O)/(.001+H-L))<.4) AND (((C-L)/(.001+H-L))<.4));
WhiteSpinningTop = ((C>O) AND ((H-L)>(3*(C-O))) AND (((H-C)/(.001+H-L))<.4) AND (((O-L)/(.001+H-L))<.4));
BearishAbandonedBaby = ((C1 == O1) AND (C2>O2) AND (O>C) AND (L1>H2) AND (L1>H));
BearishEveningDojiStar = ((C2>O2) AND ((C2-O2)/(.001+H2-L2)>.6) AND (C2<O1) AND (C1>O1) AND ((H1-L1)>(3*(C1-O1))) AND (O>C) AND (O<O1));
ThreeOutsideDownPattern = ((C2>O2) AND (O1>C1) AND (O1>= C2) AND (O2>= C1) AND ((O1-C1)>(C2-O2)) AND (O>C) AND (C<C1));
BullishAbandonedBaby = ((C1 == O1) AND (O2>C2) AND (C>O) AND (L2>H1) AND (L>H1));
BullishMorningDojiStar = ((O2>C2) AND ((O2-C2)/(.001+H2-L2)>.6) AND (C2>O1) AND (O1>C1) AND ((H1-L1)>(3*(C1-O1))) AND (C>O) AND (O>O1));
ThreeOutsideUpPattern = ((O2>C2) AND (C1>O1) AND (C1>= O2) AND (C2>= O1) AND ((C1-O1)>(O2-C2)) AND (C>O) AND (C>C1));
ThreeInsideUpPattern = ((O2>C2) AND (C1>O1) AND (C1<= O2) AND (C2<= O1) AND ((C1-O1)<(O2-C2)) AND (C>O) AND (C>C1) AND (O>O1));
BearishHarami = ((C1>O1) AND (O>C) AND (O<= C1) AND (O1<= C) AND ((O-C)<(C1-O1)));
ThreeInsideDownPattern = ((C2>O2) AND (O1>C1) AND (O1<= C2) AND (O2<= C1) AND ((O1-C1)<(C2-O2)) AND (O>C) AND (C<C1) AND (O<O1));
ThreeWhiteSoldiers = (C>O*1.01) AND (C1>O1*1.01) AND (C2>O2*1.01) AND (C>C1) AND (C1>C2) AND (O<C1) AND (O>O1) AND
(O1<C2) AND (O1>O2) AND (((H-C)/(H-L))<.2) AND (((H1-C1)/(H1-L1))<.2) AND
(((H2-C2)/(H2-L2))<.2);
ThreeBlackCrows = (O>C*1.01) AND (O1>C1*1.01) AND (O2>C2*1.01) AND (C<C1) AND (C1<C2) AND (O>C1) AND (O<O1) AND
(O1>C2) AND (O1<O2) AND (((C-L)/(H-L))<.2) AND (((C1-L1)/(H1-L1))<.2) AND
(((C2-L2)/(H2-L2))<.2);
doji= (O == C);
Gap_Up = GapUp();
Gap_Down = GapDown();
BigGapUp = L>1.01*H1;
BigGapDown = H<0.99*L1;
HugeGapUp = L>1.02*H1;
HugeGapDown = H<0.98*L1;
DoubleGapUp = GapUp() AND Ref(GapUp(),-1);
DoubleGapDown = GapDown() AND Ref(GapDown(),-1);
/***********************************************************************************
LABELS
***********************************************************************************/
_SECTION_BEGIN("Mother indicator");
Param("DEDICATED TO MY MOTHER",5);
_SECTION_END();
_SECTION_BEGIN("");
CANDLE_LABELS_TOGGLE = ParamToggle("Labels","Off|On",1);
if(CANDLE_LABELS_TOGGLE==1)
{
for( a = 0; a < BarCount; a++ )
{
if (BullishEngulfing[a]) (PlotText(" BuE",a,H[a]+2,colorPaleGreen));
if (PiercingLine[a]) (PlotText("PL",a,H[a]+2,colorPaleGreen));
if (Hammer[a]) (PlotText("Hr",a,H[a]+2,colorPaleGreen));
/*if (BullishHarami[a]) (PlotText("BH",a,H[a]+2,colorPaleGreen));*/
if (BearishEngulfing[a]) (PlotText("BeE",a,H[a]+2,colorRed));
if (DarkCloudCover[a]) (PlotText("Dc",a,H[a]+2,colorRed));
if (HangingMan[a]) (PlotText("Hm",a,H[a]+2,colorRed));
}
}
CANDLE_ARROWS_TOGGLE = ParamToggle("CANDLE ARROWS","Off|On",1);
if(CANDLE_ARROWS_TOGGLE==1)
{
(PlotShapes(BullishEngulfing * shapeSmallUpTriangle,colorPaleGreen,0,H,10));
(PlotShapes(PiercingLine * shapeSmallUpTriangle,colorPaleGreen,0,H,10));
(PlotShapes(Hammer * shapeSmallUpTriangle,colorPaleGreen,0,H,10));
/*(PlotShapes(BullishHarami * shapeSmallUpTriangle,colorPaleGreen,0,H,10));*/
(PlotShapes(BearishEngulfing * shapeSmallDownTriangle,colorLightOrange,0,H,-20));
(PlotShapes(DarkCloudCover * shapeSmallDownTriangle,colorRed,0,H,-20));
(PlotShapes(HangingMan * shapeSmallDownTriangle,colorLightOrange,0,H,-20));
}
_SECTION_END();
BULL_ENG = LastValue(Cum(BullishEngulfing));
printf("Bull Eng %g\n",BULL_ENG);
PlotText( "*",BULL_ENG,H[BULL_ENG]+4, colorYellow );
CURRENT_BULL_ENG = Ref(BullishEngulfing,0);
PRI_CANDLE_BULLISH = WriteIf(BullishEngulfing,"Bullish Engulfing","")+ WriteIf(PiercingLine, "Piercing Line","")
+ WriteIf(Hammer,"Hammer","")+ WriteIf(BullishHarami,"Bullish Harami","");
//+ WriteIf(dojiStarBullish,"Bullish Doji Star","") + WriteIf(breakAwayBullish,"Break Away","")
//+ WriteIf(hammerBullish,"Hammer","") + WriteIf(dragonflyDoji,"DrangonFly Doji","")
//+ WriteIf(HaramiCross,"Harami Cross","") + WriteIf(invertedHammer,"Inverted Hammer","")
//+ WriteIf(meetingLinesBullish,"Meeting Lines","") + WriteIf(morningStar,"Morning Star","")
//+ WriteIf(morningDojiStar,"Morning Doji Star","") + WriteIf(MatHoldBullish,"Mat Hold","")
//+ WriteIf(separatingLinesBullish,"Seperating Lines","");
PRI_CANDLE_BEARISH = WriteIf(BearishEngulfing,"Bearish Engulfing","") + WriteIf(DarkCloudCover, "Dark Cloud","")
+ WriteIf(HangingMan,"Hanging Man","");
//+ WriteIf(haramiBearish, "Bearish Harami","") + WriteIf(abandonedBabybearish,"Aband Baby","")
//+ WriteIf(dojiStarBearish,"Bearish Doji Star","") + WriteIf(breakAwayBearish,"Break Away","")
//+ WriteIf(HangingMan,"Hanging Man","") + WriteIf(dragonflyDojiBearish,"DrangonFly Doji","")
//+ WriteIf(HaramiCrossBearish,"Harami Cross","") + WriteIf(shootingStarGap,"Shooting Star","")
//+ WriteIf(MeetingLinesBearish,"Meeting Lines","") + WriteIf(eveningStar,"Evening Star","")
//+ WriteIf(eveningDojiStar,"Evening Doji Star","") + WriteIf(separatingLinesBearish,"Seperating Lines","")
//+ WriteIf(gravestoneDoji,"GraveStone Doji","");
/******************************************************************************************
CHART TITLES
***********************************************************************************************/
_SECTION_BEGIN("BACK COLR");
GfxSetOverlayMode(1);
SetChartBkColor( ParamColor("Chart Color", colorBlack));
GfxSetOverlayMode(1);
GfxSelectFont("Tahoma", Status("pxheight")/20 ); /* Up down name*/
GfxSetTextAlign( 6 );// center alignment
GfxSetTextColor( ParamColor("Text Color", ColorHSB( 42, 42, 42 ) ));
GfxSetBkMode(0); // transparent
GfxTextOut( Name(), Status("pxwidth")/2, Status("pxheight")/7);
GfxSelectFont("Tahoma", Status("pxheight")/30 );
GfxTextOut( IndustryID(1), Status("pxwidth")/2, Status("pxheight")/5 ); /* Up Down Sector*/
GfxSelectFont("Tahoma", Status("pxheight")/40 );
GfxTextOut( "", Status("pxwidth")/2, Status("pxheight")/4);
GfxSelectFont("Tahoma", Status("pxheight")/20 );
GfxTextOut( " MOTHER INDICATOR ", Status("pxwidth")/2, Status("pxheight")/15 );
k = (GetPerformanceCounter()/100)%256;
printf("GetPerformance Counter %g",k);
GfxSelectFont("Arial Narrow", 10, 700 );
GfxSetBkMode(1);
GfxSetTextColor(colorYellow);
GfxTextOut("",100+k ,12);
GfxSelectFont("Century Goliath",12,500);
GfxSetBkMode(1);
GfxSetTextColor(colorLime);
GfxTextOut("",80 ,25);
RequestTimedRefresh(1);
_SECTION_END();
SetBarFillColor( IIf(O>C,colorOrange, colorDarkGreen ) );
Plot( C, "Price", IIf( O>C,colorRed, colorGreen ), styleCandle );
Plot(C,"Close",colorWhite,64);
Chg=Ref(C,-1);
Title = EncodeColor(colorYellow)+ Title = Name() + " " + EncodeColor(2) + Date() +EncodeColor(11) + EncodeColor(colorWhite) + "{{INTERVAL}} " +
EncodeColor(55)+ " Open: "+ EncodeColor(colorWhite)+ WriteVal(O,format=1.2) +
EncodeColor(55)+ " High: "+ EncodeColor(colorWhite) + WriteVal(H,format=1.2) +
EncodeColor(55)+ " Low: "+ EncodeColor(colorWhite)+ WriteVal(L,format=1.2) +
EncodeColor(55)+ " Close: "+ WriteIf(C> Chg,EncodeColor(colorBrightGreen),EncodeColor(colorRed))+ WriteVal(C,format=1.2)+
EncodeColor(55)+ " Change: "+ WriteIf(C> Chg,EncodeColor(colorBrightGreen),EncodeColor(colorRed))+ WriteVal(ROC(C,1),format=1.2)+ "%"+
EncodeColor(55)+ " Volume: "+ EncodeColor(colorWhite)+ WriteVal(V,1)
+"\n"+"\n"
+"\n"+EncodeColor(colorWhite)+"> Candle : "+EncodeColor(colorBrightGreen)+PRI_CANDLE_BULLISH +
EncodeColor(colorRed)+PRI_CANDLE_BEARISH + EncodeColor(colorRed)+"."+
"\n"+/***********************************************************************************************
Standards of Cover (Moderate and low Reliability)
/****************************************************************************************************/
EncodeColor(colorOrange)+
WriteIf(BullishEngulfing,"> Prior Trend " + EncodeColor(colorWhite) + ": Bearish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) Disparity of white vs black body is indicative of the\n emerging bull power.\n" +
"2) Higher probability of reversal if there is heavy\n volume on the day of second real body.\n" +
"3) Higher probability of reversal if the second day\n body engulfs more than one real body. \n" +
"4) Greater the open gaps down from previous close\n greater the probability of strong reversal. \n" +
"5) If engulfing body engulfs body and shadow of the\n previous day may be probability of strong reversal. \n \n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Third Day Confirmation needed in form of a \na) white candle ,\nb) large gap up or \nc) higher close.\n\n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n"+
EncodeColor(colorAqua)+" * The gap down opening of the current candle is\n "+Prec(OpenGap,1)+" % from previous Day.\n" +
"* The current white body is engulfing the\n preceeding "+BuWholeEngulf+" bodies","")+
EncodeColor(colorOrange)+
WriteIf(BearishEngulfing,"> Prior Trend " + EncodeColor(colorWhite) + ": Bullish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) Disparity of black vs white body is indicative of the\n emerging bear power.\n" +
"2) Higher probability of reversal if there is heavy\n volume on the day of second real body.\n" +
"3) Higher probability of reversal if the second day\n body engulfs more than one real body. \n" +
"4) Greater the open gaps up from previous close\n greater the probability of strong reversal. \n" +
"5) If engulfing body engulfs body and shadow of the\n previous day may be probability of strong reversal. \n \n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Third Day Confirmation needed in form of a \na) black candle ,\nb) large gap down or \nc) lower close.\n\n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n"+
EncodeColor(colorAqua)+" * The gap up opening of the current candle is\n "+Prec(CloseGap,1)+" % from previous Day.\n" +
"* The current black body is engulfing the\n preceeding "+BeWholeEngulf+" bodies","") +
EncodeColor(colorOrange)+
WriteIf(PiercingLine,"> Prior Trend " + EncodeColor(colorWhite) + ": Bearish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) Higher the white candle closes into the\n black candle stronger the reversal.\n" +
"2) Higher probability of reversal if there is heavy\n volume during first and second real body days.\n" +
"3) Greater the gap down from previous day close\n more pronounced the signal. \n \n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Third Day Confirmation needed in form of a \na) white candle ,\nb) large gap up or \nc) higher close.\n\n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n"+
EncodeColor(colorAqua)+" * The gap down opening of the current candle is\n "+OpenGap+" % from previous Day.\n" +
"* The current white body penetrates\n "+Prec(PiercingPercent,1)+" above the preceding day candle","") +
EncodeColor(colorOrange)+
WriteIf(DarkCloudCover,"> Prior Trend " + EncodeColor(colorWhite) + ": Bullish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) Black candle penetrates deeper into\n previous day white candle.\n" +
"2) More than 50% penetration of black \n candle close into prior white candle.\n" +
"3) If both candles are morabozu then\n black candle acts as a resistance. \n \n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Third Day Confirmation needed in form of a \na) black candle ,\nb) large gap down or \nc) lower close.","")+
EncodeColor(colorOrange)+
WriteIf(Hammer AND BlackCandle,"> Prior Trend " + EncodeColor(colorWhite) + ": Bearish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Definitely Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) The longer the lower shadow the\n higher the potential of reversal.\n" +
"2) A gap down from the previous days close\n sets up for a strong reversal.\n" +
"3) Bullish Dragonfly Doji is considered\n is considered more bullish.\n\n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Next Day Confirmation needed in form of a \na) white candle ,\nb) large gap up or \nc) higher close.\n \n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n" +
EncodeColor(colorAqua)+" * The tail of the Bullish Hammer\n is "+Prec(BlackHammerTail,1)+" times the its body.","")+
EncodeColor(colorOrange)+
WriteIf(Hammer AND WhiteCandle,"> Prior Trend " + EncodeColor(colorWhite) + ": Bearish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Definitely Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) The longer the lower shadow the\n higher the potential of reversal.\n" +
"2) A gap down from the previous days close\n sets up for a strong reversal.\n" +
"3) Bullish Dragonfly Doji is considered\n is considered more bullish.\n\n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Next Day Confirmation needed in form of a \na) white candle ,\nb) large gap up or \nc) higher close.\n \n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n" +
EncodeColor(colorAqua)+" * The tail of the Bullish Hammer\n is "+Prec(WhiteHammerTail,1)+" times the its body.","") +
EncodeColor(colorOrange)+
WriteIf(HangingMan AND BlackCandle,"> Prior Trend " + EncodeColor(colorWhite) + ": Bullish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Definitely Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) The higher the lower shadow the\n higher the potential of reversal.\n" +
"2) A gap up from the previous days close\n sets up for a strong reversal.\n" +
"3) Bearish Dragonfly Doji is considered\n is considered more bullish.\n\n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Next Day Confirmation needed in form of a \na) black candle ,\nb) large gap down or \nc) lower close.\n \n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n" +
EncodeColor(colorAqua)+" * The tail of the Hanging Man\n is "+Prec(BlackHangingManTail,1)+" times the its body.","")+
EncodeColor(colorOrange)+
WriteIf(HangingMan AND WhiteCandle,"> Prior Trend " + EncodeColor(colorWhite) + ": Bullish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Definitely Required.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) The higher the lower shadow the\n higher the potential of reversal.\n" +
"2) A gap up from the previous days close\n sets up for a strong reversal.\n" +
"3) Bearish Dragonfly Doji is considered\n is considered more bullish.\n\n" +
EncodeColor(colorPink)+" > CONFIRMATION :\n Next Day Confirmation needed in form of a \na) black candle ,\nb) large gap down or \nc) lower close.\n \n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n" +
EncodeColor(colorAqua)+" * The tail of the Hanging Man\n is "+Prec(WhiteHangingManTail,1)+" times the its body.","");
/*
EncodeColor(colorOrange)+
WriteIf(BullishHarami,"> Prior Trend " + EncodeColor(colorWhite) + ": Bearish.\n"+
EncodeColor(colorOrange)+"> Type " + EncodeColor(colorWhite) + ": Reversal.\n"+
EncodeColor(colorOrange)+"> Confirmation " + EncodeColor(colorWhite) + ": Strongly Suggested.\n"+"\n"+
EncodeColor(colorLightBlue)+"> IMPORTANT FACTORS " + EncodeColor(colorWhite) + "\n"+
EncodeColor(colorYellow)+"1) The location and size of second candle\n influences magnitude of reversal.\n" +
"2) The higher the white candle closes up on\n black candle more convincing a reversal.\n" +
"3) Markets usually enter a congestion phase\n following the Bullish Harami.\n" +
"3) The most bullish are those that form with\n a white/black or white/white combination.\n\n"+
EncodeColor(colorPink)+" > CONFIRMATION :\n Third Day Confirmation needed in form of a \na) White candle ,\nb) large gap up or \nc) higher close.\n \n" +
EncodeColor(colorRed)+" > CURRENT CANDLE\n" +
EncodeColor(colorAqua)+" * The tail of the Hanging Man\n is "+BlackHangingManTail+" times the its body.","");*/
_SECTION_BEGIN("Gradient Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Ct = ParamColor("Top", colorLightOrange);
Cb = ParamColor("Bottom", colorPaleGreen );
SetGradientFill( Ct, Cb );
Plot( C, "Close", ColorBlend( Cb, colorGrey50 ) , styleGradient | styleLine, Null, Null, 0, -1 );
_SECTION_END();18 comments
Leave Comment
Please login here to leave a comment.
Back
Hi,
There is an error in line 605 / 606, kindly check and let me know the error to be corrected and if I ignore the error line it is giving some other chart type, different from what you have posted. I would appreciate if you correct and post the error. Regards, Sirisha
Hi, This AFL is giving error on line 606.
Please rectify and repost.
Thanks
Dinesh Pal
Hello Admin,
i didnt found any error but afl is got is totally differnt shown in picture which is strange.
Kindly check it.
Regards
Thanks for letting me know I have updated it.
Getting error till now
working here but what TF to use & any other things to keep in mind. u have posted image of daily chart so for intraday we have to use 5 or 15 or hourly TF chart pls explain more about ur afl
Having said that this AFL works to a great extent,please rectify the error
Bhai ,thanks for the afl but how we have to work by this on 5 or 15 min chart . please tell
Hello admin n Knb1978,
i didnt found the above indicator that useful when i tried to backtest. Kindly try n put some Light if u can
Dear sir ,
as i copy & paste the alf code in edit menu , & when i drage the code , it is giveing me error no 605 . plz check , & how can i install ur alf .
thanks
waiting for ur reply.
vik
Hello admin n Knb1978,
i didnt found any error but afl is got is totally differnt shown in picture which is strange.
i think some line missing in this afl
Kindly check it.
Thank you for sharing
AFL not working at all. Getting an error related to styleGradient.
Please modify it to remove this error.
Thanks in advance.
Sorry all, Please check the afl @
removed
Its nothing but candle identification. Now the link is provided which is for video which guy is selling in name of buysell kinda. Remove this post and save few poor guy. Link of site also posted in indicator pastie section, Please remove those admin
Hi,
Can you please post, how to trade with this?
What is
Hr
BuE
etc…
please mention the method
What is this? How to know when to buy and sell? There are no indicators. How you are getting 40% profit per month? 6 rupees profit and 6 rupees stop loss? But when to buy and sell?
Mother indicator. It is looking like you are a child still.Take care baby!
Working nice
no error