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- // Downloaded by trade.ajeetsingh.net
- _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("boyizar Systems");
- Param("parameter",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("BG Color", colorBlack));
- GfxSetOverlayMode(1);
- GfxSelectFont("ARIAL BLACK", 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")/7.5);
- GfxSelectFont("tahoma", Status("pxheight")/30 );
- GfxTextOut( FullName(), Status("pxwidth")/2, Status("pxheight")/5 ); /* Up Down Sector*/
- GfxSelectFont("courier", 12,400 );
- GfxTextOut( "Copyright® Ajeet Singh", Status("pxwidth")/2, Status("pxheight")/4);
- GfxSelectFont("Tahoma", Status("pxheight")/20 );
- GfxTextOut( " CANDLESTICK CHARTS ", Status("pxwidth")/2, Status("pxheight")/15 );
- GfxSelectFont("courier",10,0,italic=False,underline=False,0);
- GfxSetBkMode(1);
- GfxSetTextColor( ParamColor("charted by Color", colorWhite));
- GfxTextOut("Charted by Ajeet Singh",100 ,14);
- _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"+EncodeColor(colorWhite)+"> Candle : "+EncodeColor(colorBrightGreen)+PRI_CANDLE_BULLISH +
- EncodeColor(colorRed)+PRI_CANDLE_BEARISH + EncodeColor(colorWhite)+"..."+
- "\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.","");
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