Bullish & Bearish Candlesick Patterns
Recognizing Bullish & Bearish Candlestick Patterns with Amibroker data is essential for traders. This AFL relies on accurate data feeds to identify these critical market signals. Precise Amibroker data enables traders to spot bullish or bearish trends, providing valuable insights for their trading strategies and helping them make informed decisions.
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<BarCount-1;i++)
{
if(r[i]==True)PlotText("Doji", i, H[i], colorRed, bkcolor = colorDefault);
if(s[i]==True)PlotText("Hammer", i, H[i], colorYellow, bkcolor = colorDefault);
if(t[i]==True)PlotText("BearishEngulf", i, H[i], colorLime, bkcolor = colorDefault);
if(u[i]==True)PlotText("BullishEngulf", i, H[i], colorBlue, bkcolor = colorDefault);
}