// Downloaded From https://www.WiseStockTrader.com //Candlesticks, Condensed // original written by pasha dave re written by dave in stocks and commodities SegmentCount = 5; SegmentDivisor = 100 / SegmentCount; CandleRange = High - Low; AvgRange = MA( CandleRange, 6 ); RangeMultiplier = CandleRange / AvgRange; CandleRange /= 100; RangeMultiplier = Min( RangeMultiplier, 1 ); HO = round( ( RangeMultiplier * ( High - Open ) / CandleRange ) / SegmentDivisor ); HC = round( ( RangeMultiplier * ( High - Close ) / CandleRange ) / SegmentDivisor ); OL = round( ( RangeMultiplier * ( Open - Low ) / CandleRange ) / SegmentDivisor ); DigitMult = SegmentCount + 1; // signature is encoded to fit into integer CandleSignature = DigitMult * DigitMult * HO + DigitMult * HC + OL; Title = Name() + " " + Date() + " " + StrFormat( "Signature %.0f:%.0f:%.0f", HO, HC, OL ); Plot( C, "Close", colorDefault, styleCandle ); Filter = False; // statistics Pct1P = Pct2P = Pct3P = Pct4P = 0; Avg1P = Avg2P = Avg3P = Avg4P = 0; // count of occurrence of patterns Cnt = 0; MaxSegment = SegmentCount * DigitMult * DigitMult + SegmentCount * DigitMult + SegmentCount; if( BarCount > MaxSegment ) { // changes over 1..4 periods // you can change it to Close - Ref( Close, -1 ) // to get dollar gains instead of percent changes Chg1P = ROC( Close, 1 ); Chg2P = ROC( Close, 2 ); Chg3P = ROC( Close, 3 ); Chg4P = ROC( Close, 4 ); // number of times given pattern is followed by UP movement Up1P = Up2P = Up3P = Up4P = 0; // gain Gain1P = Gain2P = Gain3P = Gain4P = 0; for( i = 0; i < BarCount - 4; i++ ) { sig = CandleSignature[ i ]; if( sig >= 0 && sig <= MaxSegment ) { Cnt[ sig ]++; // increase occurrence counter for given sig // if change > 0 increase UP counter Up1P[ sig ] += Chg1P[ i + 1 ] > 0; // add change to total gain Gain1P[ sig ] += Chg1P[ i + 1 ]; Up2P[ sig ] += Chg1P[ i + 2 ] > 0; Gain2P[ sig ] += Chg1P[ i + 2 ]; Up3P[ sig ] += Chg1P[ i + 3 ] > 0; Gain3P[ sig ] += Chg1P[ i + 3 ]; Up4P[ sig ] += Chg4P[ i + 1 ] > 0; Gain4P[ sig ] += Chg4P[ i + 1 ]; } } for( sig = 0; sig <= MaxSegment; sig++ ) { // if any patterns of given signature were found if( Cnt[ sig ] ) { qty = Cnt[ sig ]; Pct1P[ sig ] = Up1P[ sig ] / qty; Pct2P[ sig ] = Up2P[ sig ] / qty; Pct3P[ sig ] = Up3P[ sig ] / qty; Pct4P[ sig ] = Up4P[ sig ] / qty; Avg1P[ sig ] = Gain1P[ sig ] / qty; Avg2P[ sig ] = Gain2P[ sig ] / qty; Avg3P[ sig ] = Gain3P[ sig ] / qty; Avg4P[ sig ] = Gain4P[ sig ] / qty; } } Filter = Cnt; } else { PopupWindow("Not enough bars in " + Name() + " Please select symbols that have more than " + MaxSegment + " bars", "Problem" ); } // multiply factors by 100 to get percents Pct1P *= 100; Pct2P *= 100; Pct3P *= 100; Pct4P *= 100; bi = BarIndex(); Sig1 = bi % DigitMult; Sig2 = floor( bi / DigitMult ) % DigitMult; Sig3 = floor( bi / ( DigitMult * DigitMult ) ); Signature = 100 * Sig3 + 10 * Sig2 + Sig1; SetOption("NoDefaultColumns", True ); AddTextColumn( Name(), "Symbol" ); AddColumn( Signature, "Signature", 3.0 ); AddColumn( Cnt, "Count", 1.0 ); AddColumn( Pct1P, "Pct1P%", 1.1 ); AddColumn( Pct2P, "Pct2P%", 1.1 ); AddColumn( Pct3P, "Pct3P%", 1.1 ); AddColumn( Pct4P, "Pct4P%", 1.1 ); AddColumn( Avg1P, "Avg1P%", 1.1 ); AddColumn( Avg2P, "Avg2P%", 1.1 ); AddColumn( Avg3P, "Avg3P%", 1.1 ); AddColumn( Avg4P, "Avg4P%", 1.1 );