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Scan Candlestick Engulfing Pattern Key Reversals (buy & Sell) by D Nayab for Amibroker (AFL)
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3 / 5 (Votes 5)
Tags:
amibroker, candlestick, scan
Scan Candlestick Engulfing Pattern Key Reversals (buy & Sell) by D Nayab
Indicator / Formula
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/* SCAN ONLY Engulfing Candle (Bulish/Bearish) Key Reversals Analysis Scan by By D Nayab September 2009*/ Buy=O<Ref(C,-1) AND L<Ref(L,-1) AND C>Ref(H,-1) AND Volume > Ref( MA( Volume, 15 ), -50 ); Sell=O>Ref(C,-1) AND H>Ref(H,-1) AND C<Ref(L,-1)AND Volume < Ref( MA( Volume, 15 ), -50 );
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add these 2 lines at the end of the program to show the engulfing position
PlotShapes( shapeHollowStar * Buy, colorWhite);
PlotShapes( shapeHollowStar * Sell, colorYellow);
THANKS HOTARO3
Good One