Ini Dia AFL Candlestick

The Ini Dia AFL Candlestick AFL is designed to analyze price movements using candlestick patterns. Candlestick patterns offer insights into market sentiment and potential trend reversals. This AFL, relying on an Amibroker data feed, would use historical price data to identify and plot various candlestick patterns on price charts, aiding traders in recognizing potential entry or exit points based on these patterns.

/Plot
(C,"",colorLightGrey,styleCandle);
r=CdDoji( threshold = 0.05 );
s=CdHammer( rangefactor= 1.1 );
t=CdBearishEngulfing( bodyfactor = 0.4, rangefactor = 0.5);
u=CdBullishEngulfing( bodyfactor = 0.4, rangefactor = 0.5);
PlotShapes
(r*shapeSmallCircle,colorRed,Layer=0,yposition=H,Offset=12); 
PlotShapes
(s*shapeCircle,colorYellow,Layer=0,yposition=H,Offset=12); 
PlotShapes
(t*shapeHollowSmallCircle,colorLime,Layer=0,yposition=H,Offset=12); 
PlotShapes
(u*shapeHollowCircle,colorBlue,Layer=0,yposition=H,Offset=12); 

for
(i=0;i

Ini Dia AFL Candlestick

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