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15 popular candle patterns

Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=903
Forum: 17 · Topic 903 · 79 post(s)

15 popular candle patterns

Nikolay.Gekht · Fri Apr 30, 2010 3:11 pm

The indicator recognizes 15 popular candle patterns. See below for the short pattern description.

The indicator shows a short name of patterns above (below) the last candle of the pattern. To see the full name just move the mouse cursor over the pattern label and wait until a tooltip with the full name appears.

Patterns2.lua

The indicator was revised and updated

Patterns (part I)

Nikolay.Gekht · Fri Apr 30, 2010 3:25 pm

NB – Neutral Bar

The open and close prices of the bar are very close. The bar can indicate that the price is unpredictable.

FBU,FBD – Force bar Up and Down

The bar closes at it’s highest (lowest) price. The bar can indicate that the price movement is very strong.

In - Inside Bar

The next bar is completely inside the previous bar. If the next bar is opposite, it could predict the change of the trend.

DblIn - Double Inside Bar

Two consecutive bars are inside bars. The double inside bar can show squeezing of the market before jump.

Out - Outside Bar

The previous bar is completely inside the next bar. The same side next bar usually confirms the trend; the opposite next bar can predict the change of the trend.

DBLHC,DBHLC – Double Bar Low Higher Close and Double Bar High Lower Close

The high (low) prices are the same. The close of the current bar is below (above) the close price of the previous bar. The stronger version of the outside bar.

Patterns (part II)

Nikolay.Gekht · Fri Apr 30, 2010 3:26 pm

PnU, PnD – Pin Up and Pin Down

The previous bar has the highest high and low (lowest high and low) of the last three bars and the previous bar upper (lower) shadow is longer than the body. The pattern can show the change of the trend. The longer shadow of the previous bar shows the higher strength of the pattern.

PPRU, PPRD – Pivot Point Reversal Up and Down

The previous bar must have highest high and low (lowest high and low) of the last three bars and the current bar must close below close (above high) of the previous bar. The pattern can predict the change of the trend.

CPRU,CPRD – Closing Price Reversal Up and Down

Three consecutive bars have highest high and low (lowest high and low) values. The close price of the last bar is below (above) the close price of the previous bar. The pattern can predict the change of the trend.

MB – Mirror Bar

Two consequent bars are opposite bars and have the same size of the body. Up and down shadows does not matter. The pattern can indicate the end of the price correction.

Re: 15 popular candle patterns

patick · Sat May 01, 2010 8:33 pm

Man, every time I think, “this is my favorite indicator,” you [guys] bring out an even bigger diamond out of the mine

May you make so much money, you’ll have a hard time storing it all in one country.

Re: 15 popular candle patterns

Nikolay.Gekht · Mon May 03, 2010 5:36 pm

Thank you!

We’re really happy that our indicators are useful for our valuable users.

Re: 15 popular candle patterns

boursicoton · Thu Jul 08, 2010 2:26 pm

possible to see one pattern on all pattern ? for good visibity…. thanks

Re: 15 popular candle patterns

Alexander.Gettinger · Mon Sep 13, 2010 3:26 am

On/off patterns added.

Code: Select all `function Init() indicator:name(“Candle Pattern 3”); indicator:description(“”); indicator:requiredSource(core.Bar); indicator:type(core.Indicator);

indicator.parameters:addGroup(“Style”); indicator.parameters:addInteger(“FontSize”, “Font Size”, “”, 6, 4, 12); indicator.parameters:addColor(“LblColor”, “Color for pattern labels”, “”, core.COLOR_LABEL); end

local source; local P; local UP; local DN; local EQ;

function Prepare() EQ = instance.parameters.EQ * instance.source:pipSize(); source = instance.source; InitPattern(source);

local name; name = profile:id(); instance:name(name);

UP = instance:createTextOutput(“L”, “L”, “Arial”, instance.parameters.FontSize, core.H_Center, core.V_Top, instance.parameters.LblColor, 0); DN = instance:createTextOutput(“L”, “L”, “Arial”, instance.parameters.FontSize, core.H_Center, core.V_Bottom, instance.parameters.LblColor, 0); end

local prevSerial = nil;

function RegisterPattern(period, pattern) local short, long, up, length; local price; short, long, up, length = DecodePattern(pattern); if length~=nil then if up then price = core.max(source.high, core.rangeTo(period, length)); UP:set(period, price, short, long); else price = core.min(source.low, core.rangeTo(period, length)); DN:set(period, price, short, long); end end end

local O, H, L, C, T, B, BL, US, LS; – open, high, low, close prices, top and bottom of the candle, body, upper shadow and lower shadow length

function InitPattern(source) O = source.open; H = source.high; L = source.low; C = source.close; T = instance:addInternalStream(0, 0); B = instance:addInternalStream(0, 0); BL = instance:addInternalStream(0, 0); US = instance:addInternalStream(0, 0); LS = instance:addInternalStream(0, 0); end

local PAT_NONE = 0; local PAT_DOUBLE_INSIDE = 1; local PAT_INSIDE = 2; local PAT_OUTSIDE = 4; local PAT_PINUP = 5; local PAT_PINDOWN = 6; local PAT_PPRUP = 7; local PAT_PPRDN = 8; local PAT_DBLHC = 9; local PAT_DBHLC = 10; local PAT_CPRU = 11; local PAT_CPRD = 12; local PAT_NB = 13; local PAT_FBU = 14; local PAT_FBD = 15; local PAT_MB = 16;

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function UpdatePattern(p) T[p] = math.max(O[p], C[p]); B[p] = math.min(O[p], C[p]); BL[p] = T[p] - B[p]; US[p] = H[p] - T[p]; LS[p] = B[p] - L[p];

if p >= 0 then – 1 - candle patterns if Cmp(O[p], C[p]) == 0 and US[p] > math.max(EQ * 4, source:pipSize() * 4) and LS[p] > math.max(EQ * 4, source:pipSize() * 4) then RegisterPattern(p, PAT_NB); end

if C[p] == H[p] then RegisterPattern(p, PAT_FBU); end

if C[p] == L[p] then RegisterPattern(p, PAT_FBD); end end if p >= 1 then – 2 - candle patterns if Cmp(H[p], H[p - 1]) < 0 and Cmp(L[p], L[p - 1]) > 0 then RegisterPattern(p, PAT_INSIDE); end if Cmp(H[p], H[p - 1]) > 0 and Cmp(L[p], L[p - 1]) < 0 then RegisterPattern(p, PAT_OUTSIDE); end if Cmp(H[p], H[p - 1]) == 0 and Cmp(C[p], C[p - 1]) < 0 and Cmp(L[p], L[p - 1]) <= 0 then RegisterPattern(p, PAT_DBHLC); end if Cmp(L[p], L[p - 1]) == 0 and Cmp(C[p], C[p - 1]) > 0 and Cmp(H[p], H[p - 1]) >= 0 then RegisterPattern(p, PAT_DBLHC); end if Cmp(BL[p - 1], BL[p]) == 0 and Cmp(O[p - 1], C[p]) == 0 then RegisterPattern(p, PAT_MB); end end

Re: 15 popular candle patterns

DS0167 · Mon Sep 13, 2010 4:58 am

Hello,

Nice tool Will you create the same for candle chart (instead of bar chart)?

Thank you

Kind regards, DS0167

Re: 15 popular candle patterns

Apprentice · Mon Sep 13, 2010 5:47 am

This indicator work on the Bar Chart also.

Re: 15 popular candle patterns

boursicoton · Mon Sep 13, 2010 10:38 am

very good !

Re: 15 popular candle patterns

jcervinka · Mon Sep 13, 2010 2:38 pm

Can you make a sound signal for this indicator?? Whenever the bar you choose, after his closing, to have a sound signal..

Thanks

Jernej

Re: 15 popular candle patterns

Apprentice · Mon Sep 13, 2010 6:00 pm

Added to Development Cue.

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 1:42 am

In indicator are added 14 new patterns.

Code: Select all `function Init() indicator:name(“Candle Pattern 3”); indicator:description(“”); indicator:requiredSource(core.Bar); indicator:type(core.Indicator);

indicator.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100); indicator.parameters:addBoolean(“PAT_DOUBLE_INSIDE”, “Enable Double Inside”, “”, true); indicator.parameters:addBoolean(“PAT_INSIDE”, “Enable Inside”, “”, true); indicator.parameters:addBoolean(“PAT_OUTSIDE”, “Enable Outside”, “”, true); indicator.parameters:addBoolean(“PAT_PINUP”, “Enable Pin Up”, “”, true); indicator.parameters:addBoolean(“PAT_PINDOWN”, “Enable Pin Down”, “”, true); indicator.parameters:addBoolean(“PAT_PPRUP”, “Enable Pivot Point Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_PPRDN”, “Enable Pivot Point Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_DBLHC”, “Enable Double Bar Low With A Higher Close”, “”, true); indicator.parameters:addBoolean(“PAT_DBHLC”, “Enable Double Bar High With A Lower Close”, “”, true); indicator.parameters:addBoolean(“PAT_CPRU”, “Enable Close Price Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_CPRD”, “Enable Close Price Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_NB”, “Enable Neutral Bar”, “”, true); indicator.parameters:addBoolean(“PAT_FBU”, “Enable Force Bar Up”, “”, true); indicator.parameters:addBoolean(“PAT_FBD”, “Enable Force Bar Down”, “”, true); indicator.parameters:addBoolean(“PAT_MB”, “Enable Mirror Bar”, “”, true); indicator.parameters:addBoolean(“PAT_HAMMER”, “Enable Hammer”, “”, true); indicator.parameters:addBoolean(“PAT_SHOOTSTAR”, “Enable Shooting Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVSTAR”, “Enable Evening Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNSTAR”, “Enable Morning Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVDJSTAR”, “Enable Evening Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNDJSTAR”, “Enable Morning Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMI”, “Enable Bearish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMICROSS”, “Enable Bearish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMI”, “Enable Bullish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMICROSS”, “Enable Bullish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_DARKCLOUD”, “Enable Dark Cloud Cover”, “”, true); indicator.parameters:addBoolean(“PAT_DOJISTAR”, “Enable Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBEARLINE”, “Enable Engulfing Bearish Line”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBULLLINE”, “Enable Engulfing Bullish Line”, “”, true);

local source; local P; local UP; local DN; local EQ;

function Prepare() EQ = instance.parameters.EQ * instance.source:pipSize(); source = instance.source; InitPattern(source);

local name; name = profile:id(); instance:name(name);

local prevSerial = nil;

local O, H, L, C, T, B, BL, US, LS; – open, high, low, close prices, top and bottom of the candle, body, upper shadow and lower shadow length

local PAT_HAMMER=17; local PAT_SHOOTSTAR=18; local PAT_EVSTAR=19; local PAT_MORNSTAR=20; local PAT_BEARHARAMI=21; local PAT_BEARHARAMICROSS=22; local PAT_BULLHARAMI=23; local PAT_BULLHARAMICROSS=24; local PAT_DARKCLOUD=25; local PAT_DOJISTAR=26; local PAT_ENGBEARLINE=27; local PAT_ENGBULLLINE=28; local PAT_EVDJSTAR=29; local PAT_MORNDJSTAR=30;

– short name, name, up/down flag, length of pattern function DecodePattern(pattern) if pattern == PAT_NONE then return nil, nil, nil, nil; elseif pattern == PAT_DOUBLE_INSIDE and instance.parameters:getBoolean(“PAT_DOUBLE_INSIDE”)==true then return “DblIn”, “Double Inside”, true, 3; elseif pattern == PAT_INSIDE and instance.parameters:getBoolean(“PAT_INSIDE”)==true then return “In”, “Inside”, true, 2; elseif pattern == PAT_OUTSIDE and instance.parameters:getBoolean(“PAT_OUTSIDE”)==true then return “Out”, “Outside”, true, 2; elseif pattern == PAT_PINUP and instance.parameters:getBoolean(“PAT_PINUP”)==true then return “PnUp”, “Pin Up”, true, 2; elseif pattern == PAT_PINDOWN and instance.parameters:getBoolean(“PAT_PINDOWN”)==true then return “PnDn”, “Pin Down”, false, 2; elseif pattern == PAT_PPRUP and instance.parameters:getBoolean(“PAT_PPRUP”)==true then return “PPRU”, “Pivot Point Reversal Up”, false, 3; elseif pattern == PAT_PPRDN and instance.parameters:getBoolean(“PAT_PPRDN”)==true then return “PPRD”, “Pivot Point Reversal Down”, true, 3; elseif pattern == PAT_DBLHC and instance.parameters:getBoolean(“PAT_DBLHC”)==true then return “DBLHC”, “Double Bar Low With A Higher Close”, false, 2; elseif pattern == PAT_DBHLC and instance.parameters:getBoolean(“PAT_DBHLC”)==true then return “DBHLC”, “Double Bar High With A Lower Close”, true, 2; elseif pattern == PAT_CPRU and instance.parameters:getBoolean(“PAT_CPRU”)==true then return “CPRU”, “Close Price Reversal Up”, false, 3; elseif pattern == PAT_CPRD and instance.parameters:getBoolean(“PAT_CPRD”)==true then return “CPRD”, “Close Price Reversal Down”, true, 3; elseif pattern == PAT_NB and instance.parameters:getBoolean(“PAT_NB”)==true then return “NB”, “Neutral Bar”, true, 1; elseif pattern == PAT_FBU and instance.parameters:getBoolean(“PAT_FBU”)==true then return “FBU”, “Force Bar Up”, false, 1; elseif pattern == PAT_FBD and instance.parameters:getBoolean(“PAT_FBD”)==true then return “FBD”, “Force Bar Down”, true, 1; elseif pattern == PAT_MB and instance.parameters:getBoolean(“PAT_MB”)==true then return “MB”, “Mirror Bar”, true, 2; elseif pattern == PAT_HAMMER and instance.parameters:getBoolean(“PAT_HAMMER”)==true then return “HAMMER”, “Hammer Pattern”, true, 1; elseif pattern == PAT_SHOOTSTAR and instance.parameters:getBoolean(“PAT_SHOOTSTAR”)==true then return “SHOOTSTAR”, “Shooting Star”, true, 1; elseif pattern == PAT_EVSTAR and instance.parameters:getBoolean(“PAT_EVSTAR”)==true then return “EVSTAR”, “Evening Star”, true, 3; elseif pattern == PAT_MORNSTAR and instance.parameters:getBoolean(“PAT_MORNSTAR”)==true then return “MORNSTAR”, “Morning Star”, true, 3; elseif pattern == PAT_EVDJSTAR and instance.parameters:getBoolean(“PAT_EVDJSTAR”)==true then return “EVDJSTAR”, “Evening Doji Star”, true, 3; elseif pattern == PAT_MORNDJSTAR and instance.parameters:getBoolean(“PAT_MORNDJSTAR”)==true then return “MORNDJSTAR”, “Morning Doji Star”, true, 3; elseif pattern == PAT_BEARHARAMI and instance.parameters:getBoolean(“PAT_BEARHARAMI”)==true then return “BEARHARAMI”, “Bearish Harami”, true, 2; elseif pattern == PAT_BEARHARAMICROSS and instance.parameters:getBoolean(“PAT_BEARHARAMICROSS”)==true then return “BEARHARAMICROSS”, “Bearish Harami Cross”, true, 2; elseif pattern == PAT_BULLHARAMI and instance.parameters:getBoolean(“PAT_BULLHARAMI”)==true then return “BULLHARAMI”, “Bullish Harami”, true, 2; elseif pattern == PAT_BULLHARAMICROSS and instance.parameters:getBoolean(“PAT_BULLHARAMICROSS”)==true then return “BULLHARAMICROSS”, “Bullish Harami Cross”, true, 2; elseif pattern == PAT_DARKCLOUD and instance.parameters:getBoolean(“PAT_DARKCLOUD”)==true then return “DARKCLOUD”, “Dark Cloud Cover”, true, 2; elseif pattern == PAT_DOJISTAR and instance.parameters:getBoolean(“PAT_DOJISTAR”)==true then return “DOJISTAR”, “Doji Star”, true, 2; elseif pattern == PAT_ENGBEARLINE and instance.parameters:getBoolean(“PAT_ENGBEARLINE”)==true then return “ENGBEARLINE”, “Engulfing Bearish Line”, true, 2; elseif pattern == PAT_ENGBULLLINE and instance.parameters:getBoolean(“PAT_ENGBULLLINE”)==true then return “ENGBULLLINE”, “Engulfing Bullish Line”, true, 2; else return nil, nil, nil, nil; end end

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function UpdatePattern(p) T[p] = math.max(O[p], C[p]); B[p] = math.min(O[p], C[p]); BL[p] = T[p] - B[p]; US[p] = H[p] - T[p]; LS[p] = B[p] - L[p];

if C[p] == H[p] then RegisterPattern(p, PAT_FBU); end

if C[p] == L[p] then RegisterPattern(p, PAT_FBD); end if US[p] <= math.max(EQ, source:pipSize()) and LS[p]>2.*BL[p] then RegisterPattern(p, PAT_HAMMER); end

if LS[p] <= math.max(EQ, source:pipSize()) and US[p]>2.*BL[p] then RegisterPattern(p, PAT_SHOOTSTAR); end end if p >= 1 then – 2 - candle patterns if Cmp(H[p], H[p - 1]) < 0 and Cmp(L[p], L[p - 1]) > 0 then RegisterPattern(p, PAT_INSIDE); end if Cmp(H[p], H[p - 1]) > 0 and Cmp(L[p], L[p - 1]) < 0 then RegisterPattern(p, PAT_OUTSIDE); end if Cmp(H[p], H[p - 1]) == 0 and Cmp(C[p], C[p - 1]) < 0 and Cmp(L[p], L[p - 1]) <= 0 then RegisterPattern(p, PAT_DBHLC); end if Cmp(L[p], L[p - 1]) == 0 and Cmp(C[p], C[p - 1]) > 0 and Cmp(H[p], H[p - 1]) >= 0 then RegisterPattern(p, PAT_DBLHC); end if Cmp(BL[p - 1], BL[p]) == 0 and Cmp(O[p - 1], C[p]) == 0 then RegisterPattern(p, PAT_MB); end if Cmp(H[p],H[p-1])<0 and Cmp(L[p],L[p-1])>0 and Cmp(C[p-1],O[p-1])>0 and Cmp(C[p],O[p])<0 and Cmp(BL[p-1],BL[p])>0 and Cmp(C[p-1],O[p])>0 and Cmp(O[p-1],C[p])<0 then RegisterPattern(p, PAT_BEARHARAMI); end if Cmp(H[p],H[p-1])<0 and Cmp(L[p],L[p-1])>0 and Cmp(C[p-1],O[p-1])>0 and Cmp(O[p],C[p])==0 and Cmp(BL[p-1],BL[p])>0 and Cmp(C[p-1],O[p])>0 and Cmp(O[p-1],C[p])<0 then RegisterPattern(p, PAT_BEARHARAMICROSS); end if Cmp(H[p],H[p-1])<0 and Cmp(L[p],L[p-1])>0 and Cmp(C[p-1],O[p-1])<0 and Cmp(C[p],O[p])>0 and Cmp(BL[p-1],BL[p])>0 and Cmp(C[p-1],O[p])<0 and Cmp(O[p-1],C[p])>0 then RegisterPattern(p, PAT_BULLHARAMI); end if Cmp(H[p],H[p-1])<0 and Cmp(L[p],L[p-1])>0 and Cmp(C[p-1],O[p-1])<0 and Cmp(O[p],C[p])==0 and Cmp(BL[p-1],BL[p])>0 and Cmp(C[p-1],O[p])<0 and Cmp(O[p-1],C[p])>0 then RegisterPattern(p, PAT_BULLHARAMICROSS); end if Cmp(C[p-1],O[p-1])>0 and Cmp(C[p],O[p])<0 and Cmp(H[p-1],O[p])<0 and Cmp(C[p],C[p-1])<0 and Cmp(C[p],O[p-1])>0 then RegisterPattern(p, PAT_DARKCLOUD); end if Cmp(O[p],C[p])==0 and ((Cmp(C[p-1],O[p-1])>0 and Cmp(O[p],H[p-1])>0) or (Cmp(C[p-1],O[p-1])<0 and Cmp(O[p],L[p-1])<0)) then RegisterPattern(p, PAT_DOJISTAR); end if Cmp(C[p-1],O[p-1])>0 and Cmp(C[p],O[p])<0 and Cmp(O[p],C[p-1])>0 and Cmp(C[p],O[p-1])<0 then RegisterPattern(p, PAT_ENGBEARLINE); end if Cmp(C[p-1],O[p-1])<0 and Cmp(C[p],O[p])>0 and Cmp(O[p],C[p-1])<0 and Cmp(C[p],O[p-1])>0 then RegisterPattern(p, PAT_ENGBULLLINE); end end

if p >= 2 then – 3 - candle patterns if Cmp(H[p], H[p - 1]) < 0 and Cmp(L[p], L[p - 1]) > 0 and Cmp(H[p - 1], H[p - 2]) < 0 and Cmp(L[p - 1], L[p - 2]) > 0 then RegisterPattern(p, PAT_DOUBLE_INSIDE); end if Cmp(H[p - 1], H[p - 2]) > 0 and Cmp(H[p - 1], H[p]) > 0 and Cmp(L[p - 1], L[p - 2]) > 0 and Cmp(L[p - 1], L[p]) > 0 and BL[p - 1] * 2 < US[p - 1] then RegisterPattern(p - 1, PAT_PINUP); end if Cmp(H[p - 1], H[p - 2]) < 0 and Cmp(H[p - 1], H[p]) < 0 and Cmp(L[p - 1], L[p - 2]) < 0 and Cmp(L[p - 1], L[p]) < 0 and BL[p - 1] * 2 < LS[p - 1] then RegisterPattern(p - 1, PAT_PINDOWN); end if Cmp(H[p - 1], H[p - 2]) > 0 and Cmp(H[p - 1], H[p]) > 0 and Cmp(L[p - 1], L[p - 2]) > 0 and Cmp(L[p - 1], L[p]) > 0 and Cmp(C[p], L[p - 1]) < 0 then RegisterPattern(p, PAT_PPRDN); end if Cmp(H[p - 1], H[p - 2]) < 0 and Cmp(H[p - 1], H[p]) < 0 and Cmp(L[p - 1], L[p - 2]) < 0 and Cmp(L[p - 1], L[p]) < 0 and Cmp(C[p], H[p - 1]) > 0 then RegisterPattern(p, PAT_PPRUP); end if Cmp(H[p - 1], H[p - 2]) < 0 and Cmp(L[p - 1], L[p - 2]) < 0 and Cmp(H[p], H[p - 1]) < 0 and Cmp(L[p], L[p - 1]) < 0 and Cmp(C[p], C[p - 1]) > 0 and Cmp(O[p], C[p]) < 0 then RegisterPattern(p, PAT_CPRU); end if Cmp(H[p - 1], H[p - 2]) > 0 and Cmp(L[p - 1], L[p - 2]) > 0 and Cmp(H[p], H[p - 1]) > 0 and Cmp(L[p], L[p - 1]) > 0 and Cmp(C[p], C[p - 1]) < 0 and Cmp(O[p], C[p]) > 0 then RegisterPattern(p, PAT_CPRD); end if Cmp(C[p-2],O[p-2])>0 and Cmp(C[p-1],O[p-1])>0 and Cmp(C[p],O[p])<0 and Cmp(C[p-2],O[p-1])<0 and Cmp(BL[p-2],BL[p-1])>0 and Cmp(BL[p-1],BL[p])<0 and Cmp(C[p],O[p-2])>0 and Cmp(C[p],C[p-2])<0 then RegisterPattern(p, PAT_EVSTAR); end if Cmp(C[p-2],O[p-2])<0 and Cmp(C[p-1],O[p-1])>0 and Cmp(C[p],O[p])>0 and Cmp(C[p-2],O[p-1])>0 and Cmp(BL[p-2],BL[p-1])>0 and Cmp(BL[p-1],BL[p])<0 and Cmp(C[p],C[p-2])>0 and Cmp(C[p],O[p-2])<0 then RegisterPattern(p, PAT_MORNSTAR); end if Cmp(C[p-2],O[p-2])>0 and Cmp(C[p-1],O[p-1])==0 and Cmp(C[p],O[p])<0 and Cmp(C[p-2],O[p-1])<0 and Cmp(BL[p-2],BL[p-1])>0 and Cmp(BL[p-1],BL[p])<0 and Cmp(C[p],O[p-2])>0 and Cmp(C[p],C[p-2])<0 then RegisterPattern(p, PAT_EVDJSTAR); end if Cmp(C[p-2],O[p-2])<0 and Cmp(C[p-1],O[p-1])==0 and Cmp(C[p],O[p])>0 and Cmp(C[p-2],O[p-1])>0 and Cmp(BL[p-2],BL[p-1])>0 and Cmp(BL[p-1],BL[p])<0 and Cmp(C[p],C[p-2])>0 and Cmp(C[p],O[p-2])<0 then RegisterPattern(p, PAT_MORNDJSTAR); end end end`

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 1:51 am

HAMMER

1657

Little body (black or white) with long bottom and without top shadow.

SHOOTSTAR - Shooting Star

Little body (black or white) with long top and without bottom shadow.

EVENING STAR - Shooting Star

After big white body follows small white with top breakup. Third black candle must have close price within first body.

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 1:56 am

MORNSTAR - Morning Star

After big black body follows small white with bottom breakup. Third white candle must have close price within first body.

BEARHARAMI - Bearish Harami

Small black body follows big white candle and it is found between high and low first candle.

BEARHARAMICROSS - Bearish Harami Cross

Doji follows big white candle and it is found between high and low first candle.

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 2:06 am

BULLHARAMI - Bullish Harami

Small white body follows big black candle and it is found between high and low first candle.

BULLHARAMICROSS Bullish Harami Cross

Doji follows big black candle and it is found between high and low first candle.

DARKCLOUD - Dark Cloud Cover

After white candle follow black candle. Black candle opened above high of white candle and closed within white candle.

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 2:11 am

DOJISTAR - Doji Star

After white or black candle follow doji candle. Doji opened above or below high of first candle.

ENGBEARLINE - Engulfing Bearish Line

After small white candle follow big outside black candle.

ENGBULLLINE - Engulfing Bullish Line

After small black candle follow big outside white candle.

Re: 15 popular candle patterns

Alexander.Gettinger · Wed Sep 15, 2010 2:14 am

EVDJSTAR - Evening Doji Star

After big white body follows doji with top breakup. Third black candle must have close price within first body.

MORNDJSTAR - Morning Doji Star

After big black body follows doji with bottom breakup. Third white candle must have close price within first body.

Re: 15 popular candle patterns

Alexander.Gettinger · Thu Sep 16, 2010 12:44 am

Signals for candle patterns.

Code: Select all `function Init() strategy:name(“Candle patterns signal”); strategy:description(“Candle patterns signal”);

strategy.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100); strategy.parameters:addBoolean(“PAT_DOUBLE_INSIDE”, “Enable Double Inside”, “”, true); strategy.parameters:addBoolean(“PAT_INSIDE”, “Enable Inside”, “”, true); strategy.parameters:addBoolean(“PAT_OUTSIDE”, “Enable Outside”, “”, true); strategy.parameters:addBoolean(“PAT_PINUP”, “Enable Pin Up”, “”, true); strategy.parameters:addBoolean(“PAT_PINDOWN”, “Enable Pin Down”, “”, true); strategy.parameters:addBoolean(“PAT_PPRUP”, “Enable Pivot Point Reversal Up”, “”, true); strategy.parameters:addBoolean(“PAT_PPRDN”, “Enable Pivot Point Reversal Down”, “”, true); strategy.parameters:addBoolean(“PAT_DBLHC”, “Enable Double Bar Low With A Higher Close”, “”, true); strategy.parameters:addBoolean(“PAT_DBHLC”, “Enable Double Bar High With A Lower Close”, “”, true); strategy.parameters:addBoolean(“PAT_CPRU”, “Enable Close Price Reversal Up”, “”, true); strategy.parameters:addBoolean(“PAT_CPRD”, “Enable Close Price Reversal Down”, “”, true); strategy.parameters:addBoolean(“PAT_NB”, “Enable Neutral Bar”, “”, true); strategy.parameters:addBoolean(“PAT_FBU”, “Enable Force Bar Up”, “”, true); strategy.parameters:addBoolean(“PAT_FBD”, “Enable Force Bar Down”, “”, true); strategy.parameters:addBoolean(“PAT_MB”, “Enable Mirror Bar”, “”, true); strategy.parameters:addBoolean(“PAT_HAMMER”, “Enable Hammer”, “”, true); strategy.parameters:addBoolean(“PAT_SHOOTSTAR”, “Enable Shooting Star”, “”, true); strategy.parameters:addBoolean(“PAT_EVSTAR”, “Enable Evening Star”, “”, true); strategy.parameters:addBoolean(“PAT_MORNSTAR”, “Enable Morning Star”, “”, true); strategy.parameters:addBoolean(“PAT_EVDJSTAR”, “Enable Evening Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_MORNDJSTAR”, “Enable Morning Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_BEARHARAMI”, “Enable Bearish Harami”, “”, true); strategy.parameters:addBoolean(“PAT_BEARHARAMICROSS”, “Enable Bearish Harami Cross”, “”, true); strategy.parameters:addBoolean(“PAT_BULLHARAMI”, “Enable Bullish Harami”, “”, true); strategy.parameters:addBoolean(“PAT_BULLHARAMICROSS”, “Enable Bullish Harami Cross”, “”, true); strategy.parameters:addBoolean(“PAT_DARKCLOUD”, “Enable Dark Cloud Cover”, “”, true); strategy.parameters:addBoolean(“PAT_DOJISTAR”, “Enable Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_ENGBEARLINE”, “Enable Engulfing Bearish Line”, “”, true); strategy.parameters:addBoolean(“PAT_ENGBULLLINE”, “Enable Engulfing Bullish Line”, “”, true);

strategy.parameters:addString(“Period”, “Time frame”, “”, “m1”); strategy.parameters:setFlag(“Period”, core.FLAG_PERIODS);

strategy.parameters:addBoolean(“ShowAlert”, “Show Alert”, “”, true); strategy.parameters:addBoolean(“PlaySound”, “Play Sound”, “”, false); strategy.parameters:addFile(“SoundFile”, “Sound file”, “”, “”); end

local SoundFile; local gSource = nil;

local EQ;

function DecodePattern(pattern) if pattern == PAT_NONE then return nil, nil, nil, nil; elseif pattern == PAT_DOUBLE_INSIDE and instance.parameters:getBoolean(“PAT_DOUBLE_INSIDE”)==true then return “DblIn”, “Double Inside”, true, 3; elseif pattern == PAT_INSIDE and instance.parameters:getBoolean(“PAT_INSIDE”)==true then return “In”, “Inside”, true, 2; elseif pattern == PAT_OUTSIDE and instance.parameters:getBoolean(“PAT_OUTSIDE”)==true then return “Out”, “Outside”, true, 2; elseif pattern == PAT_PINUP and instance.parameters:getBoolean(“PAT_PINUP”)==true then return “PnUp”, “Pin Up”, true, 2; elseif pattern == PAT_PINDOWN and instance.parameters:getBoolean(“PAT_PINDOWN”)==true then return “PnDn”, “Pin Down”, false, 2; elseif pattern == PAT_PPRUP and instance.parameters:getBoolean(“PAT_PPRUP”)==true then return “PPRU”, “Pivot Point Reversal Up”, false, 3; elseif pattern == PAT_PPRDN and instance.parameters:getBoolean(“PAT_PPRDN”)==true then return “PPRD”, “Pivot Point Reversal Down”, true, 3; elseif pattern == PAT_DBLHC and instance.parameters:getBoolean(“PAT_DBLHC”)==true then return “DBLHC”, “Double Bar Low With A Higher Close”, false, 2; elseif pattern == PAT_DBHLC and instance.parameters:getBoolean(“PAT_DBHLC”)==true then return “DBHLC”, “Double Bar High With A Lower Close”, true, 2; elseif pattern == PAT_CPRU and instance.parameters:getBoolean(“PAT_CPRU”)==true then return “CPRU”, “Close Price Reversal Up”, false, 3; elseif pattern == PAT_CPRD and instance.parameters:getBoolean(“PAT_CPRD”)==true then return “CPRD”, “Close Price Reversal Down”, true, 3; elseif pattern == PAT_NB and instance.parameters:getBoolean(“PAT_NB”)==true then return “NB”, “Neutral Bar”, true, 1; elseif pattern == PAT_FBU and instance.parameters:getBoolean(“PAT_FBU”)==true then return “FBU”, “Force Bar Up”, false, 1; elseif pattern == PAT_FBD and instance.parameters:getBoolean(“PAT_FBD”)==true then return “FBD”, “Force Bar Down”, true, 1; elseif pattern == PAT_MB and instance.parameters:getBoolean(“PAT_MB”)==true then return “MB”, “Mirror Bar”, true, 2; elseif pattern == PAT_HAMMER and instance.parameters:getBoolean(“PAT_HAMMER”)==true then return “HAMMER”, “Hammer Pattern”, true, 1; elseif pattern == PAT_SHOOTSTAR and instance.parameters:getBoolean(“PAT_SHOOTSTAR”)==true then return “SHOOTSTAR”, “Shooting Star”, true, 1; elseif pattern == PAT_EVSTAR and instance.parameters:getBoolean(“PAT_EVSTAR”)==true then return “EVSTAR”, “Evening Star”, true, 3; elseif pattern == PAT_MORNSTAR and instance.parameters:getBoolean(“PAT_MORNSTAR”)==true then return “MORNSTAR”, “Morning Star”, true, 3; elseif pattern == PAT_EVDJSTAR and instance.parameters:getBoolean(“PAT_EVDJSTAR”)==true then return “EVDJSTAR”, “Evening Doji Star”, true, 3; elseif pattern == PAT_MORNDJSTAR and instance.parameters:getBoolean(“PAT_MORNDJSTAR”)==true then return “MORNDJSTAR”, “Morning Doji Star”, true, 3; elseif pattern == PAT_BEARHARAMI and instance.parameters:getBoolean(“PAT_BEARHARAMI”)==true then return “BEARHARAMI”, “Bearish Harami”, true, 2; elseif pattern == PAT_BEARHARAMICROSS and instance.parameters:getBoolean(“PAT_BEARHARAMICROSS”)==true then return “BEARHARAMICROSS”, “Bearish Harami Cross”, true, 2; elseif pattern == PAT_BULLHARAMI and instance.parameters:getBoolean(“PAT_BULLHARAMI”)==true then return “BULLHARAMI”, “Bullish Harami”, true, 2; elseif pattern == PAT_BULLHARAMICROSS and instance.parameters:getBoolean(“PAT_BULLHARAMICROSS”)==true then return “BULLHARAMICROSS”, “Bullish Harami Cross”, true, 2; elseif pattern == PAT_DARKCLOUD and instance.parameters:getBoolean(“PAT_DARKCLOUD”)==true then return “DARKCLOUD”, “Dark Cloud Cover”, true, 2; elseif pattern == PAT_DOJISTAR and instance.parameters:getBoolean(“PAT_DOJISTAR”)==true then return “DOJISTAR”, “Doji Star”, true, 2; elseif pattern == PAT_ENGBEARLINE and instance.parameters:getBoolean(“PAT_ENGBEARLINE”)==true then return “ENGBEARLINE”, “Engulfing Bearish Line”, true, 2; elseif pattern == PAT_ENGBULLLINE and instance.parameters:getBoolean(“PAT_ENGBULLLINE”)==true then return “ENGBULLLINE”, “Engulfing Bullish Line”, true, 2; else return nil, nil, nil, nil; end end

function RegisterPattern(period, pattern) local short, long, up, length; local price; short, long, up, length = DecodePattern(pattern); if length~=nil then if up then ExtSignal(gSource.high, period, long, SoundFile); else ExtSignal(gSource.low, period, long, SoundFile); end end end

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function Prepare()

ShowAlert = instance.parameters.ShowAlert; if instance.parameters.PlaySound then SoundFile = instance.parameters.SoundFile; else SoundFile = nil; end

assert(not(PlaySound) or (PlaySound and SoundFile ~= “”), “Sound file must be specified”);

ExtSetupSignal(profile:id() .. “:”, ShowAlert);

assert(instance.parameters.Period ~= “t1”, “Can’t be applied on ticks!”);

gSource = ExtSubscribe(1, nil, instance.parameters.Period, true, “bar”); EQ = instance.parameters.EQ * gSource:pipSize();

local name = profile:id() .. “(“ .. instance.bid:instrument() .. “(“ .. instance.parameters.Period .. “)” .. “)”; instance:name(name); end

local O, H, L, C, T, B, BL, US, LS; local O1, H1, L1, C1, T1, B1, BL1, US1, LS1; local O2, H2, L2, C2, T2, B2, BL2, US2, LS2;

– when tick source is updated function ExtUpdate(id, source, period) if period <= 3 then return ; end O=gSource.open[period]; H=gSource.high[period]; L=gSource.low[period]; C=gSource.close[period]; T=math.max(O,C); B=math.min(O,C); BL=T-B; US=H-T; LS=B-L; O1=gSource.open[period-1]; H1=gSource.high[period-1]; L1=gSource.low[period-1]; C1=gSource.close[period-1]; T1=math.max(O1,C1); B1=math.min(O1,C1); BL1=T1-B1; US1=H1-T1; LS1=B1-L1; O2=gSource.open[period-2]; H2=gSource.high[period-2]; L2=gSource.low[period-2]; C2=gSource.close[period-2]; T2=math.max(O2,C2); B2=math.min(O2,C2); BL2=T2-B2; US2=H2-T2; LS2=B2-L2;

– 1 - candle patterns if Cmp(O, C) == 0 and US > math.max(EQ * 4, gSource:pipSize() * 4) and LS > math.max(EQ * 4, gSource:pipSize() * 4) then RegisterPattern(period, PAT_NB); end

if C == H then RegisterPattern(period, PAT_FBU); end

if C == L then RegisterPattern(period, PAT_FBD); end

if US <= math.max(EQ, gSource:pipSize()) and LS>2.*BL then RegisterPattern(period, PAT_HAMMER); end

if LS <= math.max(EQ, gSource:pipSize()) and US>2.*BL then RegisterPattern(period, PAT_SHOOTSTAR); end – 2 - candle patterns

if Cmp(H, H1) < 0 and Cmp(L, L1) > 0 then RegisterPattern(period, PAT_INSIDE); end if Cmp(H, H1) > 0 and Cmp(L, L1) < 0 then RegisterPattern(period, PAT_OUTSIDE); end if Cmp(H, H1) == 0 and Cmp(C, C1) < 0 and Cmp(L, L1) <= 0 then RegisterPattern(period, PAT_DBHLC); end if Cmp(L, L1) == 0 and Cmp(C, C1) > 0 and Cmp(H, H1) >= 0 then RegisterPattern(period, PAT_DBLHC); end if Cmp(BL1, BL) == 0 and Cmp(O1, C) == 0 then RegisterPattern(period, PAT_MB); end if Cmp(H,H1)<0 and Cmp(L,L1)>0 and Cmp(C1,O1)>0 and Cmp(C,O)<0 and Cmp(BL1,BL)>0 and Cmp(C1,O)>0 and Cmp(O1,C)<0 then RegisterPattern(period, PAT_BEARHARAMI); end if Cmp(H,H1)<0 and Cmp(L,L1)>0 and Cmp(C1,O1)>0 and Cmp(O,C)==0 and Cmp(BL1,BL)>0 and Cmp(C1,O)>0 and Cmp(O1,C)<0 then RegisterPattern(period, PAT_BEARHARAMICROSS); end if Cmp(H,H1)<0 and Cmp(L,L1)>0 and Cmp(C1,O1)<0 and Cmp(C,O)>0 and Cmp(BL1,BL)>0 and Cmp(C1,O)<0 and Cmp(O1,C)>0 then RegisterPattern(period, PAT_BULLHARAMI); end if Cmp(H,H1)<0 and Cmp(L,L1)>0 and Cmp(C1,O1)<0 and Cmp(O,C)==0 and Cmp(BL1,BL)>0 and Cmp(C1,O)<0 and Cmp(O1,C)>0 then RegisterPattern(period, PAT_BULLHARAMICROSS); end if Cmp(C1,O1)>0 and Cmp(C,O)<0 and Cmp(H1,O)<0 and Cmp(C,C1)<0 and Cmp(C,O1)>0 then RegisterPattern(period, PAT_DARKCLOUD); end if Cmp(O,C)==0 and ((Cmp(C1,O1)>0 and Cmp(O,H1)>0) or (Cmp(C1,O1)<0 and Cmp(O,L1)<0)) then RegisterPattern(period, PAT_DOJISTAR); end if Cmp(C1,O1)>0 and Cmp(C,O)<0 and Cmp(O,C1)>0 and Cmp(C,O1)<0 then RegisterPattern(period, PAT_ENGBEARLINE); end if Cmp(C1,O1)<0 and Cmp(C,O)>0 and Cmp(O,C1)<0 and Cmp(C,O1)>0 then RegisterPattern(period, PAT_ENGBULLLINE); end – 3 - candle patterns

if Cmp(H, H1) < 0 and Cmp(L, L1) > 0 and Cmp(H1, H2) < 0 and Cmp(L1, L2) > 0 then RegisterPattern(period, PAT_DOUBLE_INSIDE); end if Cmp(H1, H2) > 0 and Cmp(H1, H) > 0 and Cmp(L1, L2) > 0 and Cmp(L1, L) > 0 and BL1 * 2 < US1 then RegisterPattern(period, PAT_PINUP); end if Cmp(H1, H2) < 0 and Cmp(H1, H) < 0 and Cmp(L1, L2) < 0 and Cmp(L1, L) < 0 and BL1 * 2 < LS1 then RegisterPattern(period, PAT_PINDOWN); end if Cmp(H1, H2) > 0 and Cmp(H1, H) > 0 and Cmp(L1, L2) > 0 and Cmp(L1, L) > 0 and Cmp(C, L1) < 0 then RegisterPattern(period, PAT_PPRDN); end if Cmp(H1, H2) < 0 and Cmp(H1, H) < 0 and Cmp(L1, L2) < 0 and Cmp(L1, L) < 0 and Cmp(C, H1) > 0 then RegisterPattern(period, PAT_PPRUP); end if Cmp(H1, H2) < 0 and Cmp(L1, L2) < 0 and Cmp(H, H1) < 0 and Cmp(L, L1) < 0 and Cmp(C, C1) > 0 and Cmp(O, C) < 0 then RegisterPattern(period, PAT_CPRU); end if Cmp(H1, H2) > 0 and Cmp(L1, L2) > 0 and Cmp(H, H1) > 0 and Cmp(L, L1) > 0 and Cmp(C, C1) < 0 and Cmp(O, C) > 0 then RegisterPattern(period, PAT_CPRD); end if Cmp(C2,O2)>0 and Cmp(C1,O1)>0 and Cmp(C,O)<0 and Cmp(C2,O1)<0 and Cmp(BL2,BL1)>0 and Cmp(BL1,BL)<0 and Cmp(C,O2)>0 and Cmp(C,C2)<0 then RegisterPattern(period, PAT_EVSTAR); end if Cmp(C2,O2)<0 and Cmp(C1,O1)>0 and Cmp(C,O)>0 and Cmp(C2,O1)>0 and Cmp(BL2,BL1)>0 and Cmp(BL1,BL)<0 and Cmp(C,C2)>0 and Cmp(C,O2)<0 then RegisterPattern(period, PAT_MORNSTAR); end if Cmp(C2,O2)>0 and Cmp(C1,O1)==0 and Cmp(C,O)<0 and Cmp(C2,O1)<0 and Cmp(BL2,BL1)>0 and Cmp(BL1,BL)<0 and Cmp(C,O2)>0 and Cmp(C,C2)<0 then RegisterPattern(period, PAT_EVDJSTAR); end if Cmp(C2,O2)<0 and Cmp(C1,O1)==0 and Cmp(C,O)>0 and Cmp(C2,O1)>0 and Cmp(BL2,BL1)>0 and Cmp(BL1,BL)<0 and Cmp(C,C2)>0 and Cmp(C,O2)<0 then RegisterPattern(period, PAT_MORNDJSTAR); end

end

dofile(core.app_path() .. “\strategies\standard\include\helper.lua”);`

Program must be installed as strategy.

Re: 15 popular candle patterns

Alexander.Gettinger · Mon Sep 20, 2010 9:40 pm

In indicator and signal added pattern NB2: two consecutive Neutral Bars.

Indicator:

Code: Select all `function Init() indicator:name(“Candle Pattern 3”); indicator:description(“”); indicator:requiredSource(core.Bar); indicator:type(core.Indicator);

indicator.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100); indicator.parameters:addBoolean(“PAT_DOUBLE_INSIDE”, “Enable Double Inside”, “”, true); indicator.parameters:addBoolean(“PAT_INSIDE”, “Enable Inside”, “”, true); indicator.parameters:addBoolean(“PAT_OUTSIDE”, “Enable Outside”, “”, true); indicator.parameters:addBoolean(“PAT_PINUP”, “Enable Pin Up”, “”, true); indicator.parameters:addBoolean(“PAT_PINDOWN”, “Enable Pin Down”, “”, true); indicator.parameters:addBoolean(“PAT_PPRUP”, “Enable Pivot Point Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_PPRDN”, “Enable Pivot Point Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_DBLHC”, “Enable Double Bar Low With A Higher Close”, “”, true); indicator.parameters:addBoolean(“PAT_DBHLC”, “Enable Double Bar High With A Lower Close”, “”, true); indicator.parameters:addBoolean(“PAT_CPRU”, “Enable Close Price Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_CPRD”, “Enable Close Price Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_NB”, “Enable Neutral Bar”, “”, true); indicator.parameters:addBoolean(“PAT_NB2”, “Enable 2 Neutral Bars”, “”, true); indicator.parameters:addBoolean(“PAT_FBU”, “Enable Force Bar Up”, “”, true); indicator.parameters:addBoolean(“PAT_FBD”, “Enable Force Bar Down”, “”, true); indicator.parameters:addBoolean(“PAT_MB”, “Enable Mirror Bar”, “”, true); indicator.parameters:addBoolean(“PAT_HAMMER”, “Enable Hammer”, “”, true); indicator.parameters:addBoolean(“PAT_SHOOTSTAR”, “Enable Shooting Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVSTAR”, “Enable Evening Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNSTAR”, “Enable Morning Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVDJSTAR”, “Enable Evening Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNDJSTAR”, “Enable Morning Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMI”, “Enable Bearish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMICROSS”, “Enable Bearish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMI”, “Enable Bullish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMICROSS”, “Enable Bullish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_DARKCLOUD”, “Enable Dark Cloud Cover”, “”, true); indicator.parameters:addBoolean(“PAT_DOJISTAR”, “Enable Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBEARLINE”, “Enable Engulfing Bearish Line”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBULLLINE”, “Enable Engulfing Bullish Line”, “”, true);

local source; local P; local UP; local DN; local EQ;

function Prepare() EQ = instance.parameters.EQ * instance.source:pipSize(); source = instance.source; InitPattern(source);

local name; name = profile:id(); instance:name(name);

local prevSerial = nil;

local O, H, L, C, T, B, BL, US, LS; – open, high, low, close prices, top and bottom of the candle, body, upper shadow and lower shadow length

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function UpdatePattern(p) T[p] = math.max(O[p], C[p]); B[p] = math.min(O[p], C[p]); BL[p] = T[p] - B[p]; US[p] = H[p] - T[p]; LS[p] = B[p] - L[p];

if C[p] == H[p] then RegisterPattern(p, PAT_FBU); end

if C[p] == L[p] then RegisterPattern(p, PAT_FBD); end if US[p] <= math.max(EQ, source:pipSize()) and LS[p]>2.*BL[p] then RegisterPattern(p, PAT_HAMMER); end

Signal:

Code: Select all `function Init() strategy:name(“Candle patterns signal”); strategy:description(“Candle patterns signal”);

strategy.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100); strategy.parameters:addBoolean(“PAT_DOUBLE_INSIDE”, “Enable Double Inside”, “”, true); strategy.parameters:addBoolean(“PAT_INSIDE”, “Enable Inside”, “”, true); strategy.parameters:addBoolean(“PAT_OUTSIDE”, “Enable Outside”, “”, true); strategy.parameters:addBoolean(“PAT_PINUP”, “Enable Pin Up”, “”, true); strategy.parameters:addBoolean(“PAT_PINDOWN”, “Enable Pin Down”, “”, true); strategy.parameters:addBoolean(“PAT_PPRUP”, “Enable Pivot Point Reversal Up”, “”, true); strategy.parameters:addBoolean(“PAT_PPRDN”, “Enable Pivot Point Reversal Down”, “”, true); strategy.parameters:addBoolean(“PAT_DBLHC”, “Enable Double Bar Low With A Higher Close”, “”, true); strategy.parameters:addBoolean(“PAT_DBHLC”, “Enable Double Bar High With A Lower Close”, “”, true); strategy.parameters:addBoolean(“PAT_CPRU”, “Enable Close Price Reversal Up”, “”, true); strategy.parameters:addBoolean(“PAT_CPRD”, “Enable Close Price Reversal Down”, “”, true); strategy.parameters:addBoolean(“PAT_NB”, “Enable Neutral Bar”, “”, true); strategy.parameters:addBoolean(“PAT_NB2”, “Enable 2 Neutral Bars”, “”, true); strategy.parameters:addBoolean(“PAT_FBU”, “Enable Force Bar Up”, “”, true); strategy.parameters:addBoolean(“PAT_FBD”, “Enable Force Bar Down”, “”, true); strategy.parameters:addBoolean(“PAT_MB”, “Enable Mirror Bar”, “”, true); strategy.parameters:addBoolean(“PAT_HAMMER”, “Enable Hammer”, “”, true); strategy.parameters:addBoolean(“PAT_SHOOTSTAR”, “Enable Shooting Star”, “”, true); strategy.parameters:addBoolean(“PAT_EVSTAR”, “Enable Evening Star”, “”, true); strategy.parameters:addBoolean(“PAT_MORNSTAR”, “Enable Morning Star”, “”, true); strategy.parameters:addBoolean(“PAT_EVDJSTAR”, “Enable Evening Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_MORNDJSTAR”, “Enable Morning Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_BEARHARAMI”, “Enable Bearish Harami”, “”, true); strategy.parameters:addBoolean(“PAT_BEARHARAMICROSS”, “Enable Bearish Harami Cross”, “”, true); strategy.parameters:addBoolean(“PAT_BULLHARAMI”, “Enable Bullish Harami”, “”, true); strategy.parameters:addBoolean(“PAT_BULLHARAMICROSS”, “Enable Bullish Harami Cross”, “”, true); strategy.parameters:addBoolean(“PAT_DARKCLOUD”, “Enable Dark Cloud Cover”, “”, true); strategy.parameters:addBoolean(“PAT_DOJISTAR”, “Enable Doji Star”, “”, true); strategy.parameters:addBoolean(“PAT_ENGBEARLINE”, “Enable Engulfing Bearish Line”, “”, true); strategy.parameters:addBoolean(“PAT_ENGBULLLINE”, “Enable Engulfing Bullish Line”, “”, true);

strategy.parameters:addString(“Period”, “Time frame”, “”, “m1”); strategy.parameters:setFlag(“Period”, core.FLAG_PERIODS);

local SoundFile; local gSource = nil;

local EQ;

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function Prepare()

ShowAlert = instance.parameters.ShowAlert; if instance.parameters.PlaySound then SoundFile = instance.parameters.SoundFile; else SoundFile = nil; end

assert(not(PlaySound) or (PlaySound and SoundFile ~= “”), “Sound file must be specified”);

ExtSetupSignal(profile:id() .. “:”, ShowAlert);

assert(instance.parameters.Period ~= “t1”, “Can’t be applied on ticks!”);

gSource = ExtSubscribe(1, nil, instance.parameters.Period, true, “bar”); EQ = instance.parameters.EQ * gSource:pipSize();

local name = profile:id() .. “(“ .. instance.bid:instrument() .. “(“ .. instance.parameters.Period .. “)” .. “)”; instance:name(name); end

local O, H, L, C, T, B, BL, US, LS; local O1, H1, L1, C1, T1, B1, BL1, US1, LS1; local O2, H2, L2, C2, T2, B2, BL2, US2, LS2;

– 1 - candle patterns if Cmp(O, C) == 0 and US > math.max(EQ * 4, gSource:pipSize() * 4) and LS > math.max(EQ * 4, gSource:pipSize() * 4) then RegisterPattern(period, PAT_NB); end

if C == H then RegisterPattern(period, PAT_FBU); end

if C == L then RegisterPattern(period, PAT_FBD); end

if US <= math.max(EQ, gSource:pipSize()) and LS>2.*BL then RegisterPattern(period, PAT_HAMMER); end

if LS <= math.max(EQ, gSource:pipSize()) and US>2.*BL then RegisterPattern(period, PAT_SHOOTSTAR); end – 2 - candle patterns

end

dofile(core.app_path() .. “\strategies\standard\include\helper.lua”);`

Re: 15 popular candle patterns

Checkz · Wed Sep 29, 2010 9:12 pm

I was wondering why the new patterns don’t show up on the chart. I downloaded the second version with the morning and evening star, etc. patterns but they don’t show up on the screen.

Re: 15 popular candle patterns

richardtao · Thu Sep 30, 2010 8:41 pm

i would like to shared my indicator, but it seems i had no authority to post. how can i post a new indicator? thx.

Re: 15 popular candle patterns

Apprentice · Thu Sep 30, 2010 11:51 pm

I do not have permission to do something more, but if you Send the indicator through the mail to me. So I could get it published.

Re: 15 popular candle patterns

Nikolay.Gekht · Fri Oct 01, 2010 1:29 pm

richardtao wrote: i would like to shared my indicator, but it seems i had no authority to post. how can i post a new indicator? thx.

I updated your profile, so now you can. Please try.

Re: 15 popular candle patterns

richardtao · Wed Oct 06, 2010 8:46 pm

Nikolay.Gekht wrote:

richardtao wrote: i would like to shared my indicator, but it seems i had no authority to post. how can i post a new indicator? thx.

I updated your profile, so now you can. Please try.

apply group succeed. thanks!

Re: 15 popular candle patterns

Alexander.Gettinger · Fri Oct 22, 2010 12:45 am

Other version of this indicator.

Code: Select all `function Init() indicator:name(“Candle Pattern 4”); indicator:description(“”); indicator:requiredSource(core.Bar); indicator:type(core.Oscillator);

indicator.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100); indicator.parameters:addBoolean(“PAT_DOUBLE_INSIDE”, “Enable Double Inside”, “”, true); indicator.parameters:addBoolean(“PAT_INSIDE”, “Enable Inside”, “”, true); indicator.parameters:addBoolean(“PAT_OUTSIDE”, “Enable Outside”, “”, true); indicator.parameters:addBoolean(“PAT_PINUP”, “Enable Pin Up”, “”, true); indicator.parameters:addBoolean(“PAT_PINDOWN”, “Enable Pin Down”, “”, true); indicator.parameters:addBoolean(“PAT_PPRUP”, “Enable Pivot Point Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_PPRDN”, “Enable Pivot Point Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_DBLHC”, “Enable Double Bar Low With A Higher Close”, “”, true); indicator.parameters:addBoolean(“PAT_DBHLC”, “Enable Double Bar High With A Lower Close”, “”, true); indicator.parameters:addBoolean(“PAT_CPRU”, “Enable Close Price Reversal Up”, “”, true); indicator.parameters:addBoolean(“PAT_CPRD”, “Enable Close Price Reversal Down”, “”, true); indicator.parameters:addBoolean(“PAT_NB”, “Enable Neutral Bar”, “”, true); indicator.parameters:addBoolean(“PAT_NB2”, “Enable 2 Neutral Bars”, “”, true); indicator.parameters:addBoolean(“PAT_FBU”, “Enable Force Bar Up”, “”, true); indicator.parameters:addBoolean(“PAT_FBD”, “Enable Force Bar Down”, “”, true); indicator.parameters:addBoolean(“PAT_MB”, “Enable Mirror Bar”, “”, true); indicator.parameters:addBoolean(“PAT_HAMMER”, “Enable Hammer”, “”, true); indicator.parameters:addBoolean(“PAT_SHOOTSTAR”, “Enable Shooting Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVSTAR”, “Enable Evening Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNSTAR”, “Enable Morning Star”, “”, true); indicator.parameters:addBoolean(“PAT_EVDJSTAR”, “Enable Evening Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_MORNDJSTAR”, “Enable Morning Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMI”, “Enable Bearish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BEARHARAMICROSS”, “Enable Bearish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMI”, “Enable Bullish Harami”, “”, true); indicator.parameters:addBoolean(“PAT_BULLHARAMICROSS”, “Enable Bullish Harami Cross”, “”, true); indicator.parameters:addBoolean(“PAT_DARKCLOUD”, “Enable Dark Cloud Cover”, “”, true); indicator.parameters:addBoolean(“PAT_DOJISTAR”, “Enable Doji Star”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBEARLINE”, “Enable Engulfing Bearish Line”, “”, true); indicator.parameters:addBoolean(“PAT_ENGBULLLINE”, “Enable Engulfing Bullish Line”, “”, true); indicator.parameters:addGroup(“Style”); indicator.parameters:addColor(“Color1”, “Color 1 for map”, “”, core.rgb(0, 255, 0)); indicator.parameters:addColor(“Color2”, “Color 2 for map”, “”, core.rgb(255, 0, 0)); indicator.parameters:addColor(“Color3”, “Color 3 for map”, “”, core.rgb(0, 0, 255)); indicator.parameters:addColor(“LblColor”, “Color for pattern labels”, “”, core.COLOR_LABEL); end

local source; local P; local EQ;

local PatternsArray={}; local Outs={}; local L = {}; local AllPatterns; local i,Count; local dummy; local host;

function Prepare() EQ = instance.parameters.EQ * instance.source:pipSize(); source = instance.source; host = core.host; InitPattern(source); PatternsArray[1]=”PAT_DOUBLE_INSIDE”; PatternsArray[2]=”PAT_INSIDE”; PatternsArray[3]=”PAT_OUTSIDE”; PatternsArray[4]=”PAT_PINUP”; PatternsArray[5]=”PAT_PINDOWN”; PatternsArray[6]=”PAT_PPRUP”; PatternsArray[7]=”PAT_PPRDN”; PatternsArray[8]=”PAT_DBLHC”; PatternsArray[9]=”PAT_DBHLC”; PatternsArray[10]=”PAT_CPRU”; PatternsArray[11]=”PAT_CPRD”; PatternsArray[12]=”PAT_NB”; PatternsArray[13]=”PAT_NB2”; PatternsArray[14]=”PAT_FBU”; PatternsArray[15]=”PAT_FBD”; PatternsArray[16]=”PAT_MB”; PatternsArray[17]=”PAT_HAMMER”; PatternsArray[18]=”PAT_SHOOTSTAR”; PatternsArray[19]=”PAT_EVSTAR”; PatternsArray[20]=”PAT_MORNSTAR”; PatternsArray[21]=”PAT_EVDJSTAR”; PatternsArray[22]=”PAT_MORNDJSTAR”; PatternsArray[23]=”PAT_BEARHARAMI”; PatternsArray[24]=”PAT_BEARHARAMICROSS”; PatternsArray[25]=”PAT_BULLHARAMI”; PatternsArray[26]=”PAT_BULLHARAMICROSS”; PatternsArray[27]=”PAT_DARKCLOUD”; PatternsArray[28]=”PAT_DOJISTAR”; PatternsArray[29]=”PAT_ENGBEARLINE”; PatternsArray[30]=”PAT_ENGBULLLINE”; AllPatterns=FindNumberPattern(“”); Count=0; for i=1,30,1 do if instance.parameters:getBoolean(PatternsArray[i])==true then Count=Count+1; L[Count]=PatternsArray[i]; if math.fmod(Count,3)==1 then Outs[Count]=instance:createTextOutput (PatternsArray[i], PatternsArray[i], “Wingdings”, 10, core.H_Center, core.V_Bottom, instance.parameters.Color1, 0); elseif math.fmod(Count,3)==2 then Outs[Count]=instance:createTextOutput (PatternsArray[i], PatternsArray[i], “Wingdings”, 10, core.H_Center, core.V_Bottom, instance.parameters.Color2, 0); else Outs[Count]=instance:createTextOutput (PatternsArray[i], PatternsArray[i], “Wingdings”, 10, core.H_Center, core.V_Bottom, instance.parameters.Color3, 0); end end end

local name; name = profile:id(); instance:name(name); dummy = instance:addStream(“D”, core.Line, name .. “.D”, “D”, instance.parameters.LblColor, 20); dummy:addLevel(0); dummy:addLevel(20*AllPatterns); end

function FindNumberPattern(Pat) local Count=0; local i; local Fl=true; for i=1,30,1 do local Param=instance.parameters:getBoolean(PatternsArray[i]); if Fl==true then if Param==true then Count=Count+1; end end if PatternsArray[i]==Pat then Fl=false; end end return Count; end

local prevSerial = nil;

function Update(period, mode) if period == 0 then prevSerial = source:serial(period); else if prevSerial ~= source:serial(period) then prevSerial = source:serial(period); UpdatePattern(period - 1); end end if period == source:size() - 1 then for i = 1, AllPatterns, 1 do host:execute(“drawLabel”, i, source:date(period), (AllPatterns + 1 - i) * 20, L[i]); end end end

function RegisterPattern(period, pattern) local short, long, up, length, PatName; local price; short, long, up, length, PatName = DecodePattern(pattern); if length~=nil then local NumPat=FindNumberPattern(PatName); Outs[NumPat]:set(period, (AllPatterns + 1 - NumPat) * 20, “\110”); end end

local O, H, L, C, T, B, BL, US, LS; – open, high, low, close prices, top and bottom of the candle, body, upper shadow and lower shadow length

– short name, name, up/down flag, length of pattern, pattern name function DecodePattern(pattern) if pattern == PAT_NONE then return nil, nil, nil, nil, nil; elseif pattern == PAT_DOUBLE_INSIDE and instance.parameters:getBoolean(“PAT_DOUBLE_INSIDE”)==true then return “DblIn”, “Double Inside”, true, 3, “PAT_DOUBLE_INSIDE”; elseif pattern == PAT_INSIDE and instance.parameters:getBoolean(“PAT_INSIDE”)==true then return “In”, “Inside”, true, 2, “PAT_INSIDE”; elseif pattern == PAT_OUTSIDE and instance.parameters:getBoolean(“PAT_OUTSIDE”)==true then return “Out”, “Outside”, true, 2, “PAT_OUTSIDE”; elseif pattern == PAT_PINUP and instance.parameters:getBoolean(“PAT_PINUP”)==true then return “PnUp”, “Pin Up”, true, 2, “PAT_PINUP”; elseif pattern == PAT_PINDOWN and instance.parameters:getBoolean(“PAT_PINDOWN”)==true then return “PnDn”, “Pin Down”, false, 2, “PAT_PINDOWN”; elseif pattern == PAT_PPRUP and instance.parameters:getBoolean(“PAT_PPRUP”)==true then return “PPRU”, “Pivot Point Reversal Up”, false, 3, “PAT_PPRUP”; elseif pattern == PAT_PPRDN and instance.parameters:getBoolean(“PAT_PPRDN”)==true then return “PPRD”, “Pivot Point Reversal Down”, true, 3, “PAT_PPRDN”; elseif pattern == PAT_DBLHC and instance.parameters:getBoolean(“PAT_DBLHC”)==true then return “DBLHC”, “Double Bar Low With A Higher Close”, false, 2, “PAT_DBLHC”; elseif pattern == PAT_DBHLC and instance.parameters:getBoolean(“PAT_DBHLC”)==true then return “DBHLC”, “Double Bar High With A Lower Close”, true, 2, “PAT_DBHLC”; elseif pattern == PAT_CPRU and instance.parameters:getBoolean(“PAT_CPRU”)==true then return “CPRU”, “Close Price Reversal Up”, false, 3, “PAT_CPRU”; elseif pattern == PAT_CPRD and instance.parameters:getBoolean(“PAT_CPRD”)==true then return “CPRD”, “Close Price Reversal Down”, true, 3, “PAT_CPRD”; elseif pattern == PAT_NB and instance.parameters:getBoolean(“PAT_NB”)==true then return “NB”, “Neutral Bar”, true, 1, “PAT_NB”; elseif pattern == PAT_FBU and instance.parameters:getBoolean(“PAT_FBU”)==true then return “FBU”, “Force Bar Up”, false, 1, “PAT_FBU”; elseif pattern == PAT_FBD and instance.parameters:getBoolean(“PAT_FBD”)==true then return “FBD”, “Force Bar Down”, true, 1, “PAT_FBD”; elseif pattern == PAT_MB and instance.parameters:getBoolean(“PAT_MB”)==true then return “MB”, “Mirror Bar”, true, 2, “PAT_MB”; elseif pattern == PAT_HAMMER and instance.parameters:getBoolean(“PAT_HAMMER”)==true then return “HAMMER”, “Hammer Pattern”, true, 1, “PAT_HAMMER”; elseif pattern == PAT_SHOOTSTAR and instance.parameters:getBoolean(“PAT_SHOOTSTAR”)==true then return “SHOOTSTAR”, “Shooting Star”, true, 1, “PAT_SHOOTSTAR”; elseif pattern == PAT_EVSTAR and instance.parameters:getBoolean(“PAT_EVSTAR”)==true then return “EVSTAR”, “Evening Star”, true, 3, “PAT_EVSTAR”; elseif pattern == PAT_MORNSTAR and instance.parameters:getBoolean(“PAT_MORNSTAR”)==true then return “MORNSTAR”, “Morning Star”, true, 3, “PAT_MORNSTAR”; elseif pattern == PAT_EVDJSTAR and instance.parameters:getBoolean(“PAT_EVDJSTAR”)==true then return “EVDJSTAR”, “Evening Doji Star”, true, 3, “PAT_EVDJSTAR”; elseif pattern == PAT_MORNDJSTAR and instance.parameters:getBoolean(“PAT_MORNDJSTAR”)==true then return “MORNDJSTAR”, “Morning Doji Star”, true, 3, “PAT_MORNDJSTAR”; elseif pattern == PAT_BEARHARAMI and instance.parameters:getBoolean(“PAT_BEARHARAMI”)==true then return “BEARHARAMI”, “Bearish Harami”, true, 2, “PAT_BEARHARAMI”; elseif pattern == PAT_BEARHARAMICROSS and instance.parameters:getBoolean(“PAT_BEARHARAMICROSS”)==true then return “BEARHARAMICROSS”, “Bearish Harami Cross”, true, 2, “PAT_BEARHARAMICROSS”; elseif pattern == PAT_BULLHARAMI and instance.parameters:getBoolean(“PAT_BULLHARAMI”)==true then return “BULLHARAMI”, “Bullish Harami”, true, 2, “PAT_BULLHARAMI”; elseif pattern == PAT_BULLHARAMICROSS and instance.parameters:getBoolean(“PAT_BULLHARAMICROSS”)==true then return “BULLHARAMICROSS”, “Bullish Harami Cross”, true, 2, “PAT_BULLHARAMICROSS”; elseif pattern == PAT_DARKCLOUD and instance.parameters:getBoolean(“PAT_DARKCLOUD”)==true then return “DARKCLOUD”, “Dark Cloud Cover”, true, 2, “PAT_DARKCLOUD”; elseif pattern == PAT_DOJISTAR and instance.parameters:getBoolean(“PAT_DOJISTAR”)==true then return “DOJISTAR”, “Doji Star”, true, 2, “PAT_DOJISTAR”; elseif pattern == PAT_ENGBEARLINE and instance.parameters:getBoolean(“PAT_ENGBEARLINE”)==true then return “ENGBEARLINE”, “Engulfing Bearish Line”, true, 2, “PAT_ENGBEARLINE”; elseif pattern == PAT_ENGBULLLINE and instance.parameters:getBoolean(“PAT_ENGBULLLINE”)==true then return “ENGBULLLINE”, “Engulfing Bullish Line”, true, 2, “PAT_ENGBULLLINE”; elseif pattern == PAT_NB2 and instance.parameters:getBoolean(“PAT_NB2”)==true then return “NB2”, “2 Neutral Bars”, true, 2, “PAT_NB2”; else return nil, nil, nil, nil, nil; end end

function Cmp(price1, price2) if math.abs(price1 - price2) < EQ then return 0; elseif price1 > price2 then return 1; else return -1; end end

function UpdatePattern(p) T[p] = math.max(O[p], C[p]); B[p] = math.min(O[p], C[p]); BL[p] = T[p] - B[p]; US[p] = H[p] - T[p]; LS[p] = B[p] - L[p];

if C[p] == H[p] then RegisterPattern(p, PAT_FBU); end

if C[p] == L[p] then RegisterPattern(p, PAT_FBD); end if US[p] <= math.max(EQ, source:pipSize()) and LS[p]>2.*BL[p] then RegisterPattern(p, PAT_HAMMER); end

Re: 15 popular candle patterns

DexTerity · Sun Dec 26, 2010 6:22 pm

This is the best candle pattern indicator by far.

Any chance that someone can convert it into MT4 format please?

Re: 15 popular candle patterns

Apprentice · Mon Dec 27, 2010 3:17 am

This forum is dedicated to Marketskope charting platform. This requirement can be realized through our Premium Development Services

Re: 15 popular candle patterns

eurekaaaa44 · Thu Jan 13, 2011 10:03 am

In Patterns4.lua, there is the following:

function Prepare() EQ = instance.parameters.EQ * instance.source:pipSize();

What does “EQ” mean in “instance.parameters.EQ”?

It sounds like some sort of global parameter but I can’t find it in the SDK guide.

Re: 15 popular candle patterns

Apprentice · Thu Jan 13, 2011 2:45 pm

You’re right.

In Init() function we define EQ Parameeter, user can change it. indicator.parameters:addInteger(“EQ”, “Maximum of pips distance between equal prices”, “”, 1, 0, 100);

In Prepare() Function we call this parameter, its value we store in variable. (In this case, multiply it with size of the Pip)

Description of Instance Parameters you can find in SDK guide here. http://www.fxcodebase.com/documents/Ind … eters.html

Re: 15 popular candle patterns

eurekaaaa44 · Thu Jan 13, 2011 3:55 pm

OK. I’ve read the following:

http://www.fxcodebase.com/documents/Ind … eters.html

and

http://www.fxcodebase.com/documents/Ind … tance.html

I do not see “EQ” anywhere. What am I missing?

Re: 15 popular candle patterns

Apprentice · Thu Jan 13, 2011 4:03 pm

EQ is just an arbitrary name for that single parameter, so that we could distinguish it from others, call it when it is needed.

indicator.parameters:addInteger(“parameter_name_1”, “First Parameter”, “”, 100); indicator.parameters:addInteger(“parameter_name_2”, “Second Parameter”, “”, 100); indicator.parameters:addInteger(“parameter_name_3”, “Third Parameter”, “”, 100);

And so on.

Example from IndicoreSD Documentation

function Init() … indicator.parameters:addInteger(“MyParam”, “My Parameter”, “”, 1); … end

function Prepare() … – get the value actually entered by the user in My Parameter local n = instance.parameters.MyParam; … end

Re: 15 popular candle patterns

raulbanda1 · Tue Jul 05, 2011 8:25 am

Great Job on the “Pattern3_Signal” indicator. Can you add where you can get an email alert once a certain candle pattern forms?

Re: 15 popular candle patterns

Apprentice · Tue Jul 05, 2011 12:37 pm

Indicators can not provide this type of signal. However, the strategy that I wrote could help you. viewtopic.php?f=31&t=4846

Re: 15 popular candle patterns

STEIGO · Sat Jul 09, 2011 5:47 am

I love this indicator, but I can’t get the “14 additional patterns” - hammer, shooting star etc, to appear in to list of switchable patterns.

How do I down download this updated signal / indicator

Re: 15 popular candle patterns

STEIGO · Mon Jul 11, 2011 5:33 pm

I apologise, of course I have to remove the old “patterns3”, and then reload the new version.

My mistake

Re: 15 popular candle patterns

jgwill · Tue Sep 13, 2011 1:53 pm

Nice

Re: 15 popular candle patterns

bomberone3 · Tue Oct 25, 2011 3:52 pm

Could we add the pesavento patterns and the harmonic patterns?

Re: 15 popular candle patterns

Apprentice · Tue Oct 25, 2011 4:55 pm

pesavento yes. for harmonic am not sure that this is the best solution. I’ve already written an indicator for harmonic.

Re: 15 popular candle patterns

FxFigher · Sun Nov 20, 2011 10:14 am

Hi,

Excellent Pattern However the last 14 patterns don’t work on any platform.

is there another indicator available that shows all of these candle patterns?

Thanks

Alex

Re: 15 popular candle patterns

ctejeiro · Fri Nov 25, 2011 5:16 pm

Hi, one quick thing when i load the indicator patterns3 it only seems to detect hammers and shooting stars with EQ = 1 the other new candle patterns never seem to appear (bullish engulfing, bearish engulfing … etc) though they are actually happening. Also what is the parameter EQ used for i know is a threshold for comparing prices, but how is it used to detect the correct patterns Thanks!

Re: 15 popular candle patterns

giancarloniro · Tue Nov 29, 2011 9:48 am

Hi,

Love the patterns3 indicator! Just wondering if it can be made to recognise morning star and bullish engulfing? I don’t think it does at the moment even though it is on the list (please correct me if I am wrong)

thanks, G

Re: 15 popular candle patterns

MeiniOz · Sat Feb 11, 2012 6:27 pm

I believe the reason why some patterns don’t work, is because the close price of a candle is always identical to the open price of the next candle. This is something that I find a bit peculiar on the FXCM platforms. Some patterns, such as the engulfing ones need to have a difference between the opening and previous closing prices.

So for a programmer there is no way in the world to show these patterns since the data is simply not available.

Thank you Nikolay.Gekht for all your hard work!

Re: 15 popular candle patterns

TheEdge · Sun Feb 12, 2012 7:50 am

MeiniOz,

You are correct that the close and open are almost always the same in the Forex market. However, this is not peculiar as Steve Nison, clearly points this out in his “Profiting in Forex” course. As the man who brought candlestick charting to the West he also noticed this difference between the Forex market vs other markets.

As for programing, I am not a programer, it should be possible to use the “same” conditions except to allow for the candle to open and close at the same price.

So for example the Engulfing pattern, the real body either white or black (depending on whether we are in an up trend or down trend) needs to wrap around the preceding candle. In a down trend we need a white candle to close “above” the previous black candle.

I would think there is some way to discount the actual close of the previous and the open of the next candle as having to have “different” prices.

Maybe that would help the conditions to be meet for the patterns that the indicator is not showing.

MeiniOz wrote: I believe the reason why some patterns don’t work, is because the close price of a candle is always identical to the open price of the next candle. This is something that I find a bit peculiar on the FXCM platforms. Some patterns, such as the engulfing ones need to have a difference between the opening and previous closing prices.

So for a programmer there is no way in the world to show these patterns since the data is simply not available.

Thank you Nikolay.Gekht for all your hard work!

Re: 15 popular candle patterns

nazaar · Tue Feb 14, 2012 12:53 am

Hello,

another excellent tool. which version is the most recent and inclusive of all updates?

thanks

Re: 15 popular candle patterns

bene70 · Tue Mar 27, 2012 3:20 pm

Thank you for this indicator, like it a lot. Question do you think it will possible to add a signal alert to it ? thank you very much

Re: 15 popular candle patterns

Apprentice · Wed Mar 28, 2012 6:32 am

Yes, this functionality is possible.

Re: 15 popular candle patterns

Hailkayy · Sun Apr 01, 2012 7:38 pm

Hi you team-guys We might ask a lot of stuff for yall to do hihi, well sorry but The offered help is great ! I suggest a recast for this indi :

1Arrows of different colors(choosable) for each patterners instead of patterns’name 2Ability to define wick lenght or body lenght for engulfing and hammer patterns 3engulfing patterns (very important ones) now are spotted (please find a quick-fix) each time they occur

Thanks for the work guys, already done 1 little donation But might continue. Thanks

Re: 15 popular candle patterns

Apprentice · Mon Apr 02, 2012 4:53 am

Your request is added to the development list.

Re: 15 popular candle patterns

manish8980 · Thu Apr 19, 2012 3:55 pm

is it possible for you to send this indicator to me on [email protected] in .mq4 format, thanks in advance

Re: 15 popular candle patterns

Apprentice · Fri Apr 20, 2012 2:12 am

Unfortunately, this board does not provide support for MT4. Contact Alex or out of premium development team. They can help you. If not, contact me, I could find hired help for you.

Re: 15 popular candle patterns

manish8980 · Mon Apr 23, 2012 6:04 am

ok. thanks

Re: 15 popular candle patterns

Apprentice · Tue Apr 24, 2012 2:32 am

I have good news for you and all users of the MT4 platform. From now onward we provide free development service for MT4.

Re: 15 popular candle patterns

manish8980 · Wed Apr 25, 2012 2:09 am

Thanks Apprentice. Can you please send me candle patterns mt4 indicator which gives buy/sell arrow for bullish reversal patterns.

Re: 15 popular candle patterns

Apprentice · Wed Apr 25, 2012 3:06 am

Not me personally. I’m not an expert on MT4. I hope that Alex will have the time.

Re: 15 popular candle patterns

Alexander.Gettinger · Fri Apr 27, 2012 12:26 pm

MQL4 version of candle pattern indicator: viewtopic.php?f=38&t=17243

Re: 15 popular candle patterns

nazaar · Sat Sep 08, 2012 2:35 pm

Hello,

in an effort to keep charts uncluttered, for patterns3 can you add an option to onlydisplay the pattern name for the last X period back?

Thanks.

Re: 15 popular candle patterns

Apprentice · Tue Sep 11, 2012 4:10 am

Your request is added to the development list.

Re: 15 popular candle patterns

MrDavide79 · Tue Oct 09, 2012 8:18 am

then the complete Indicator is PATTERN3.LUA ? and signal PATTERN3_SIGNAL.LUA.

this is correct? thanks

Re: 15 popular candle patterns

Apprentice · Wed Oct 10, 2012 4:01 am

Yes, As far as I know.

Re: 15 popular candle patterns

MrDavide79 · Wed Oct 10, 2012 10:34 am

Apprentice wrote: Yes, As far as I know.

thanks a lot Davide

Re: 15 popular candle patterns

MrDavide79 · Tue Oct 16, 2012 10:28 am

Hello i tried to test the pattern3.lua in Daily timeframe, but i think thak INSIDE BAR not calculare correctly.

some time i can see not realy INSIDE BAR, body not in all body of preview candle

Re: 15 popular candle patterns

MrDavide79 · Sun Oct 21, 2012 4:10 pm

hello, can i have news about my last post?

thanks a lot

Re: 15 popular candle patterns

luigipg · Mon Oct 22, 2012 2:01 pm

Hi, inside bar is calculated when his body is in all High/Low of previous candle! Luigi!!!

Re: 15 popular candle patterns

MrDavide79 · Tue Oct 23, 2012 6:01 am

ciao Luigi, but I knew that the INSIDE BAR occurs when the BODY of the Second Candle, is contained in the ENTIRE BODY Previous candle, the shadows are not considered.

look the link: http://www.learntotradethemarket.com/fo … nside-bars

ciao

Re: 15 popular candle patterns

bedayan · Fri Oct 26, 2012 11:07 am

Hi Apprentice,

I just tested pattern 3 signal.If I put the maximum number of pips distance to 0 its detecting bullish engulfing pattern and other patterns.But not able to detect the bearish engulfing pattern and bearish harami pattern.Can you please check.

Regards, Bedayan.

Re: 15 popular candle patterns

bedayan · Fri Oct 26, 2012 11:21 am

Hi Apprentice,

I have tested the candle pattern but it seems bearish engulfing pattern and bearish harami pattern is not detected by the indicator.Can you please check.

Regards, Bedayan .

Re: 15 popular candle patterns

Apprentice · Sat Oct 27, 2012 3:02 am

Try to use my version viewtopic.php?f=17&t=1613&hilit=Engulfing

Alex is using the literal definition, which is difficult to achieve on forex, Because we have a supermarket close / gaps only during weekends, it’s not a daily occurrence as is the case for stocks.

Re: 15 popular candle patterns

jidesfx · Tue Oct 30, 2012 3:14 am

FANTASTIC….. FANTASTIC.. thanks a million for this one.

Re: 15 popular candle patterns

johnrichard26 · Wed Nov 06, 2013 5:57 pm

how to install PATTERN3_SIGNAL.LUA in trading station

Re: 15 popular candle patterns

Valeria · Thu Nov 07, 2013 2:29 am

Hi johnrichard26,

how to install PATTERN3_SIGNAL.LUA in trading station

Please read this post and watch the video tutorial.

Re: 15 popular candle patterns

MeiniOz · Sun Nov 10, 2013 2:45 am

Alex is using the literal definition, which is difficult to achieve on forex, Because we have a supermarket close / gaps only during weekends, it’s not a daily occurrence as is the case for stocks.

IMO the way Forex Candles are being presented is fundamentally flawed with the open of each candle being always equal to the previous close. As per my understanding the close of a candle should show the value of the last trade of that period and the open should show the first trade of the next period. Anyway given the way it is, we need to rewrite the engulfing pattern rules slightly to accommodate for this, don’t we!

Re: 15 popular candle patterns

matson · Thu Nov 28, 2013 6:53 am

Hello 1/is it possible to get pattern4 with sound and recurrent sound in 5min period it is impossible to read the legend can it be put with variable characters or smaller?

2/ in pattern3 with sound it does n’t write on the chart the legend of the pattern anymore, is it possible to put it again? many thanks

Re: 15 popular candle patterns

Apprentice · Fri Nov 29, 2013 2:58 pm

Your request is added to the development list.

Re: 15 popular candle patterns

panos59 · Tue Jan 28, 2014 12:46 am

Just 2 questions..

a: which is the best setting to use for a H1 chart 0 or 1 in maximun pips distance setting ? b: does anyone knows a similar expert for MT4 ? some type of alert is a bonus..i have found several experts in candle pattern recognition but i don’t know which one to choose .. any suggestion is welcome -:)

Re: 15 popular candle patterns

Taskryr · Thu Nov 05, 2015 11:08 am

I’d like to request a variation candle pattern for this indicator. . .

It would be very similar to the CPR or Outside bar candle pattern, but slightly different.

For a Closing Price Reversal High: the current candle makes a lower low than the previous candle, but CLOSES higher than the high of the previous candle.

For a Closing Price Reversal Low: The current candle makes a higher high than the previous candle, but CLOSES lower than the low of the previous candle.

The difference between the Outside candle and this type of Closing Price Reversal is that we are looking for the CLOSE and not just the high or low point.

Thanks,

Re: 15 popular candle patterns

Apprentice · Fri Nov 06, 2015 4:37 am

Your request is added to the development list.

Re: 15 popular candle patterns

aglagla · Tue May 16, 2017 2:39 am

Hi, I’m trying to learn how to develop for TS2. What I’m doing basically is taking other indicators or strategies and learning from the source code.

I’m trying to tweak with this indicator a wee bit. I’ve been trying to target let’s say the data (OHLC) of previous 7 or less candles to the last complete candle.

is it enough to create new “local” like:

Code: Select all local O4, H4, L4, C4, T4, B4, BL4, US4, LS4;

then in the function “ExtUpdate” add:

Code: Select all O4=gSource.open[period - 4]; H4=gSource.high[period - 4]; .... .... T4=math.max(O4,C4); B4=math.min(O4,C4); .... .... et cetera...

Thanks for your reply

Re: 15 popular candle patterns

Apprentice · Wed May 17, 2017 12:57 pm

min max of previous 7 candles

local min,max= mathex.minmax(source, period-7+1, period);

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