_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("PRASAD SYSTEMS");
Param("DEDICATED TO MY FATHER",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("Chart Color", colorBlack));
GfxSetOverlayMode(1);
GfxSelectFont("Tahoma", 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);
GfxSelectFont("Tahoma", Status("pxheight")/30 );
GfxTextOut( IndustryID(1), Status("pxwidth")/2, Status("pxheight")/5 ); /* Up Down Sector*/
GfxSelectFont("Tahoma", Status("pxheight")/40 );
GfxTextOut( "Feedback prasad9rao@gmail.com", Status("pxwidth")/2, Status("pxheight")/4);
GfxSelectFont("Tahoma", Status("pxheight")/20 );
GfxTextOut( " BALKRISHNA CANDLE CHARTS ", Status("pxwidth")/2, Status("pxheight")/15 );
k = (GetPerformanceCounter()/100)%256;
printf("GetPerformance Counter %g",k);
GfxSelectFont("Arial Narrow", 10, 700 );
GfxSetBkMode(1);
GfxSetTextColor(colorYellow);
GfxTextOut("Dedicated to the loving memory of MY FATHER on his 75th Birth Anniversay - LATE BALKRISHNA RAMCHANDRA RAO 13.10.1935",100+k ,12);
GfxSelectFont("Century Goliath",12,500);
GfxSetBkMode(1);
GfxSetTextColor(colorLime);
GfxTextOut("Prasad Inspirations",80 ,25);
RequestTimedRefresh(1);
_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"
+"\n"+EncodeColor(colorWhite)+"> Candle : "+EncodeColor(colorBrightGreen)+PRI_CANDLE_BULLISH +
EncodeColor(colorRed)+PRI_CANDLE_BEARISH + EncodeColor(colorRed)+"."+
"\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.","");*/
