Candle pattern

Tams · April 12, 2009

CANDLE PATTERN CODE

CONVERTED TO EASYLANGUAGE

by STRATOPT, INC 2008

modified by TAMS

date: 20090201 prints pattern name on bottom of chart

date: 20090211 added option to print log

date: 20090220 added commentary

date: 20090412 added option NOT to print pattern name,

(ie. show pattern name only when you click on the bar)

MC version can adjust text size

(MC = MultiCharts)

note:

1. if you don't believe in seeing the candle names, please move on.

2. this indicator has been tested in MultiCharts. If you don't know how to import it into TradeStation, please spend 5min with your user's guide.

attachment.php?attachmentid=10134&stc=1&d=1239553486

attachment.php?attachmentid=10135&stc=1&d=1239553486

CANDLE_PATTERN_20090412.txt

CANDLE_PATTERN_20090412_MC_version.txt

Edited April 12, 2009 by Tams

aaa · April 13, 2009

I like this educative indicator

This is a suggestion to have only one candle at a time

if ((C>O) AND((C-O)/(.001+H-L)>.6)) then 
Message = Message + " LongWhiteCandle"

else if (C>O) then 
Message = Message + " WhiteCandle" 	

else if ((C>O) AND ((H-L)>(3*(C-O)))) then 
Message = Message + " SmallWhiteCandle" ; 

if (O>C AND (O-C)/(.001+H-L)>.6) then 
Message = Message + " LongBlkCandle" 

else if (O>C) then 
Message = Message + " BlkCandle"          

else if ((O>C) AND ((H-L)>(3*(O-C)))) then 
Message = Message + " SmallBlkCandle" ;

Tams · April 13, 2009

I like this educative indicator
This is a suggestion to have only one candle at a time

The candle name logic was designed by an unknown author.

I have reviewed various codes floating around the internet, I think some of this code can be attributed to Surinote.

My contribution is limited to making the candle names visible on the chart.

I believe the multi-label is due to a candle having multiple attributes.

As in any indicator, one really need to understand the context to make it meaningful.

Edited April 13, 2009 by Tams

aaa · April 18, 2009

Like for the Black/white candles to take less space on the screen and avoids duplication

This is an other suggestion to choose only one gap

It

// Gaps
if GapUp AND GapUp[1] then 
Message = Message + "DoubleGapUp"
else if L > 1.02 * H1 then 
Message = Message + "HugeGapUp"  
else if L > 1.01 * H1 then 
Message = Message + "BigGapUp"    
else if GapUp then 
Message = Message + "GapUp" ;    

if GapDn AND GapDn[ 1] then 
Message = Message + "DoubleGapDown"  
else if H < 0.98 * L1 then 
Message = Message + "HugeGapDown"  
else if H < 0.99 * L1 then 
Message = Message + "BigGapDown"   
else if GapDn then 
Message = Message + "GapDown" ;

aaa · April 18, 2009

Tams, could you help me to adapt my suggestion to your "plot" version ?

If condition1 true then

condition1

else if Condition2 true then

condition2

ect..

I have problems with

If * then

begin

*

end

else

noplot

Tams · April 18, 2009

Tams, could you help me to adapt my suggestion to your "plot" version ?

If condition1 true then

condition1

else if Condition2 true then

condition2

ect..

I have problems with

If * then

begin

*

*

end

else

noplot

I think it will require some major re-engineering work.

I am busy in the next few weeks... let me see if I can schedule it sometime in May.

Edited April 18, 2009 by Tams

daedalus · April 18, 2009

Thanks for your continued work Tams! Great stuff!

Stock.Jock · October 8, 2010

Tams,

I sometimes come across some EasyLanguage indicator code that I would like to translate; however, they have the ELD extention and I don't have TradeStation. Is there any other way to open these files for me to examine the code? I usually can do the translation myself, but I can't open files with this extention.

Tams · October 8, 2010

Tams,

I sometimes come across some EasyLanguage indicator code that I would like to translate; however, they have the ELD extention and I don't have TradeStation. Is there any other way to open these files for me to examine the code? I usually can do the translation myself, but I can't open files with this extention.

You can start an new thread and post the codes there.

I will open them and post the text file here for you.