Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Candlestick Evaluation for Amibroker (AFL)
olive
over 14 years ago
Amibroker (AFL)

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

This indicator formula allows you to select Candlestick patterns, mark their occurrence on the chart, AND display their frequency AND profit-prediction value.

Similar Indicators / Formulas

Auto Analysis Hook Reversal
Submitted by kaiji almost 15 years ago
PATTERN WITH CANDLE RAJA
Submitted by rajaswamy over 14 years ago
HA+EMA+SMA+BB
Submitted by viewofmind almost 12 years ago
Book Profit with 101% garanty best modifiyed
Submitted by wiki over 12 years ago

Indicator / Formula

Copy & Paste Friendly
//Apply the code to an indicator, Open up the Param window, AND drag the CandlePattern# slider left AND right. 
//Each CandlePattern number selects a different candle pattern. 
//The selected pattern is identified on your chart with a vertical Blue line. 
//The white line on your chart represents the resulting Equity if the pattern were traded. 
//Thus you can see the pattern’s profitability over your data history. 
//Try different tickers, they will all behave differently. The exit delay, i.e., the delay after the candle pattern occurred before the price is sampled, is adjustable. 
//Presumably some longer patterns require more bars to show profits/losses. 
//The Name of the candle pattern AND a number of other stats are also shown in the Title. 
//Add your own price patterns AND metrics. 

O1 = Ref(O,-1);O2 = Ref(O,-2);  
H1 = Ref(H,-1);H2 = Ref(H,-2);  
L1 = Ref(L,-1);L2 = Ref(L,-2);  
C1 = Ref(C,-1);C2 = Ref(C,-2);  
function CandlePattern(P)  
{  
global PatternName;  
if(P == 0) { PatternName = "NearDoji"; Pv = (abs(O-C)<= ((H-L)*0.1)); }  
else if(P == 1) { PatternName = "BlackCandle"; Pv = (O>C); }  
else if(P == 2) { PatternName = "LongBlackCandle"; Pv = (O>C AND (O-C)/(.001+H-L)>.6); }  
else if(P == 3) { PatternName = "SmallBlackCandle"; Pv = ((O>C) AND ((H-L)>(3*(O-C)))); }  
else if(P == 4) { PatternName = "WhiteCandle"; Pv = (C>O); }  
else if(P == 5) { PatternName = "LongWhiteCandle"; Pv = ((C>O) AND ((C-O)/(.001+H-L)>.6)); }  
else if(P == 6) { PatternName = "SmallWhiteCandle"; Pv = ((C>O) AND ((H-L)>(3*(C-O)))); }  
else if(P == 7) { PatternName = "BlackMaubozu"; Pv = (O>C AND H==O AND C==L); }  
else if(P == 8) { PatternName = "WhiteMaubozu"; Pv = (C>O AND H==C AND O==L); }  
else if(P == 9) { PatternName = "BlackClosingMarubozu"; Pv = (O>C AND C==L); }  
else if(P == 10) { PatternName = "WhiteClosingMarubozu"; Pv = (C>O AND C==H); }  
else if(P == 11) { PatternName = "BlackOpeningMarubozu"; Pv = (O>C AND O==H); }  
else if(P == 12) { PatternName = "WhiteOpeningMarubozu"; Pv = (C>O AND O==L); }  
else if(P == 13) { PatternName = "HangingMan"; Pv = (((H-L)>4*(O-C)) AND ((C-L)/(.001+H-L)>= 0.75) AND ((O-L)/(.001+H-L)>= 0.75)); }  
else if(P == 14) { PatternName = "Hammer"; Pv = (((H-L)>3*(O-C)) AND ((C-L)/(.001+H-L)>0.6) AND ((O-L)/(.001+H-L)>0.6)); }  
else if(P == 15) { PatternName = "InvertedHammer"; Pv = (((H-L)>3*(O-C)) AND ((H-C)/(.001+H-L)>0.6) AND ((H-O)/(.001+H-L)>0.6)); }  
else if(P == 16) { PatternName = "ShootingStar"; Pv = (((H-L)>4*(O-C)) AND ((H-C)/(.001+H-L)>= 0.75) AND ((H-O)/(.001+H-L)>= 0.75)); }  
else if(P == 17) { PatternName = "BlackSpinningTop"; Pv = ((O>C) AND ((H-L)>(3*(O-C))) AND (((H-O)/(.001+H-L))<.4) AND (((C-L)/(.001+H-L))<.4)); }  
else if(P == 18) { PatternName = "WhiteSpinningTop"; Pv = ((C>O) AND ((H-L)>(3*(C-O))) AND (((H-C)/(.001+H-L))<.4) AND (((O-L)/(.001+H-L))<.4)); }  
else if(P == 19) { PatternName = "BearishAbandonedBaby"; Pv = ((C1 == O1) AND (C2>O2) AND (O>C) AND (L1>H2) AND (L1>H)); }  
else if(P == 20) { PatternName = "BearishEveningDojiStar"; Pv = ((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)); }  
else if(P == 21) { PatternName = "DarkCloudCover"; Pv = (C1>O1 AND ((C1+O1)/2)>C AND O>C AND O>C1 AND C>O1 AND (O-C)/(.001+(H-L)>0.6)); }  
else if(P == 22) { PatternName = "BearishEngulfing"; Pv = ((C1>O1) AND (O>C) AND (O>= C1) AND (O1>= C) AND ((O-C)>(C1-O1))); }  
else if(P == 23) { PatternName = "ThreeOutsideDownPattern"; Pv = ((C2>O2) AND (O1>C1) AND (O1>= C2) AND (O2>= C1) AND ((O1-C1)>(C2-O2)) AND (O>C) AND (C<C1)); }  
else if(P == 24) { PatternName = "BullishAbandonedBaby"; Pv = ((C1 == O1) AND (O2>C2) AND (C>O) AND (L2>H1) AND (L>H1)); }  
else if(P == 25) { PatternName = "BullishMorningDojiStar"; Pv = ((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)); }  
else if(P == 26) { PatternName = "BullishEngulfing"; Pv = ((O1>C1) AND (C>O) AND (C>= O1) AND (C1>= O) AND ((C-O)>(O1-C1))); }  
else if(P == 27) { PatternName = "ThreeOutsideUpPattern"; Pv = ((O2>C2) AND (C1>O1) AND (C1>= O2) AND (C2>= O1) AND ((C1-O1)>(O2-C2)) AND (C>O) AND (C>C1)); }  
else if(P == 28) { PatternName = "BullishHarami"; Pv = ((O1>C1) AND (C>O) AND (C<= O1) AND (C1<= O) AND ((C-O)<(O1-C1))); }  
else if(P == 29) { PatternName = "ThreeInsideUpPattern"; Pv = ((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)); }  
else if(P == 30) { PatternName = "PiercingLine"; Pv = ((C1<O1) AND (((O1+C1)/2)<C) AND (O<C) AND (O<C1) AND (C<O1) AND ((C-O)/(.001+(H-L))>0.6)); }  
else if(P == 31) { PatternName = "BearishHarami"; Pv = ((C1>O1) AND (O>C) AND (O<= C1) AND (O1<= C) AND ((O-C)<(C1-O1))); }  
else if(P == 32) { PatternName = "ThreeInsideDownPattern"; Pv = ((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)); }  
else if(P == 33) { PatternName = "ThreeWhiteSoldiers"; Pv = (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); }  
else if(P == 34) { PatternName = "DarkCloudCover"; Pv = (C1>O1*1.01) AND (O>C) AND (O>H1) AND (C>O1) AND (((C1+O1)/2)>C) AND (C>O1) AND (MA(C,13)-Ref(MA(C,13),-4)>0); }  
else if(P == 35) { PatternName = "ThreeBlackCrows"; Pv = (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); }  
else if(P == 36) { PatternName = "doji"; Pv = (O == C); }  
else if(P == 37) { PatternName = "GapUp"; Pv = GapUp(); }  
else if(P == 38) { PatternName = "GapDown"; Pv = GapDown(); }  
else if(P == 39) { PatternName = "BigGapUp"; Pv = L>1.01*H1; }  
else if(P == 40) { PatternName = "BigGapDown"; Pv = H<0.99*L1; }  
else if(P == 41) { PatternName = "HugeGapUp"; Pv = L>1.02*H1; }  
else if(P == 42) { PatternName = "HugeGapDown"; Pv = H<0.98*L1; }  
else if(P == 43) { PatternName = "DoubleGapUp"; Pv = GapUp() AND Ref(GapUp(),-1); }  
else if(P == 44) { PatternName = "DoubleGapDown"; Pv = GapDown() AND Ref(GapDown(),-1); }  
return Pv;  
}  
P = Param("CandlePattern#",20,0,44,1);  
PP = Param("Profit period",0,0,10,1);  
CandlePatternTrue = CandlePattern(P);  
NextBar = Ref(CandlePatternTrue,-1);  
ProfitFormula = (Ref(C,PP)-O)/O*100;  
Profit = IIf(NextBar,ProfitFormula,0);  
SetOption("AllowSameBarExit",True);  
Short = 0;  
Cover = 0;  
Buy = Nextbar AND Ref(C>O,-1);  
BuyPrice = Open;  
Sell = Buy; //Ref(Buy,-PP);  
SellPrice = C;  
SecondBar = BarIndex()==2;  
ProfitArray = Cum(Profit);  
SimpleProfit = LastValue(ProfitArray);  
CompoundedProfit = (LastValue(AMA2(1,(SecondBar==1),(SecondBar==0)*(1 + Profit/100)))-1)*100;  
Upday = IIf(NextBar, (C-O)>0,0);  
downDay = IIf(NextBar, (C-O)<0,0);  
PatternColor = IIf(CandlePatternTrue,2,1);  
NumUpDays = LastValue(Cum(UpDay));  
NumDownDays = LastValue(Cum(downDay));  
NumPatterns = LastValue(Cum(CandlePatternTrue ));  
LowestInDisplay = Lowest(ValueWhen(Status("barVisible"),L));  
HighestInDisplay = Highest(ValueWhen(Status("Barvisible"),H));  
Plot(C,"Close",colorBlack,64);  
Plot(ProfitArray,"",2,1|styleOwnScale);  
Plot(IIf(CandlePatternTrue,L-0.005,Null),"",6,styleHistogram);  
PlotShapes(UpDay*shapeUpArrow,colorBrightGreen,0,L);  
PlotShapes(downDay*shapeDownArrow,colorRed,0,H);  
Title = "\nCANDLE PATTERN ANALYSIS\n\n"+  
"Open: "+NumToStr(O,1.2)+"\n"+  
"High: "+NumToStr(H,1.2)+"\n"+  
"Low: "+NumToStr(L,1.2)+"\n"+  
"Close: "+NumToStr(C,1.2)+"\n\n"+  
"Candle Pattern: "+PatternName+"\n"+  
"Candle Pattern# "+NumToStr(P,1.0)+"\n"+  
"#Patterns found: "+NumToStr(NumPatterns ,1.0)+"\n"+  
"#Updays: "+NumToStr(NumUpDays,1.0,False)+  
" ["+NumToStr(Nz(NumUpDays/NumPatterns*100),1.0,False)+"%]\n"+  
"#DownDays: "+NumToStr(NumDownDays,1.0,False)+  
" ["+NumToStr(Nz(NumDownDays/numpatterns*100),1.0,False)+"%]\n\n"+  
"Profit at cursor: "+NumToStr(Profit,1.4)+"%\n"+  
"Ave.Profit/Pattern:"+NumToStr(Nz(SimpleProfit/NumPatterns),1.4)+"%\n"+  
"Tot.Simple profit: "+NumToStr(SimpleProfit,1.4)+"%\n"+  
"Tot.Comp. profit: "+NumToStr(CompoundedProfit,1.4)+"%\n";

3 comments

1. siddhisagar

I just saw the cci index in the parameters but after i reset the parameters it seems to have disappeared

2. siddhisagar

thanks

3. ali_rajab

very usefull. thanks

Leave Comment

Please login here to leave a comment.

Back