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CANDLE MASTER for Amibroker (AFL)

Rating:
3 / 5 (Votes 7)
Tags:
amibroker, pattern

I have reworked on the Candles to make it look and understand better.

The arrows indicate the candle formation.

Take labels are in short form albeit you get a full description of the candles when the cursor is pointed on that candle formation.

Right click and you will get the parameters to on and off labels and arrows.

This took me a lot of time and efforts.

I would add on more candles to it.

Kindly let me know if there are any flaws or ur suggestions to improve it.

Works with Amibroker 5.3. I haven’t tested on lower versions.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("CANDLE REWORKING combination of Meta TC TS");
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("PRASAD SYSTEMS");
Param("DEDICATED TO MY FATHER",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( "Feedback prasad9rao@gmail.com", Status("pxwidth")/2, Status("pxheight")/4);
GfxSelectFont("Tahoma", Status("pxheight")/20 );
GfxTextOut( " BALKRISHNA CANDLE CHARTS ", 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("Dedicated to the loving memory of MY FATHER on his 75th Birth  Anniversay - LATE BALKRISHNA RAMCHANDRA RAO 13.10.1935",100+k ,12); 
GfxSelectFont("Century Goliath",12,500); 
GfxSetBkMode(1); 
GfxSetTextColor(colorLime); 
GfxTextOut("Prasad Inspirations",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.","");*/

8 comments

1. ranjitc_76

Sir
can u make this compatible with lower version of Ami ?

I am using 4.8

2. rh0390

It’s nice afl
Is it possible to recognize each and every candle.
If possible then pls. do it.

3. vaenu999

in amibroker 5.00 it shown syntax error.modify for amibroker5.00

4. iwan

I have not yet like your chart, because no explain in my chart especially type candle etc. I have run amibroker v.5.30.4. Please your help. Thank’s.

5. Nahid

The chart is very good. But unfortunately candle description is not showing. Would you please rectify the code?
Regards
Nahid

6. mahaboobbasha81

very nice formula, to get candle description click on the arrow formed you will get entire description

7. mystock365

Thanks a lot

8. masumrj

Nice AFL Thanks

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