Click here to Login





                                                   Bullish vs Bearish Candle patterns

  0

0
Richard Tyler
2015-11-24 17:08:23


Some candle patterns can be either bearish or bullish depending on the sequence of colours.
How to distinguish which is which?
For instance CdlEngulfing().
How do I ascertain whether the signal is bullish or bearish in QS rather than by eye?



QuantShare
2015-11-25 03:53:39

  0

CdlEngulfing() would return 1 if the pattern is bullish and -1 if the pattern is bearish.


Richard Tyler
2015-11-25 11:50:09

  0

Thanks.
I found it actually returns 100 for bullish, and -100 for bearish by:
- dragging the indicator onto a new pane
- adding the statement PlotArrow(CdlEngulfing()== -100,"E",AboveHigh,colorRed);
to the chart formulas. Testing for 1, -1, or true/false didn't work.




No more messages
0




Reply:

No html code. URLs turn into links automatically.

Type in the trading objects you want to include: - Add Objects
To add a trading object in your message, type in the object name, select it and then click on "Add Objects"










QuantShare

Trading Items
Industry Measure: Ratio of Bullish to Bearish All-Star Traders Pi...
TSP Sentiment Survey - Percentage of Bullish and Bearish Traders
Ascending and Descending Triangle Patterns
Falling and Rising Wedge Patterns
Falling Wedge and Rising Wedge Patterns

How-to Lessons
How to perform a basic quantitative analysis using the S&P 500
How to improve the performance of QuantShare databases?
How to import trades into a portfolio
How to set order type of a trading system programmatically
How to create a Monte Carlo simulation

Related Forum Threads
Bullish Bearish Indicator on Bottom Bar
wrong screening in cdl patterns
Candle Stick % indicator
DAY CANDLE LIVE
Candle Stick Ratio Plot custom function

Blog Posts
Backtesting All Candlestick Patterns in 10 Minutes
Detect chart patterns using the auto support/resistance indicator
Backtesting chart patterns using the auto support and resistance ...
Long Term Trading with Technical Analysis
Trading Forex with the commitments of traders report









QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.