I am also an avid user of Candlesticks and am studying the book written by John Bollinger, Bollinger on Bollinger Bands. Sorry to say I don't understand how to write code in afl or any language as far that goes. In my personal trading I think that this is an excellant idea. Does Trading basis recognize candle patterns that are at support, resistance, moving average or at the Bollingerbands inside edge or that have moved outside the bands?
Just looking for more information,
Steve Kuball
infynhome <[EMAIL PROTECTED]> wrote:
infynhome <[EMAIL PROTECTED]> wrote:
To detect if high/low exceed BBands - we use:
Buy = Low < BBandBot(Close);
Sell = High > BBandTop(Close);
On the other hand - to check if the candle body moves above/below
BBands - use the following formula:
Buy = Max(Open, Close) < BBandBot(Close);
Sell = Min(Open, Close) > BBandTop(Close);
Over and above this, I want to build a exploration called candle
recognition.
I trust patterns like hammers, hanging man, doji ( gravestone etc),
darkcloud cover, piercing pattern, evening and morning star.
I want to create an exploration, wherein the price outside BB is
scanned as well as the price bar is recognized as a candle pattern
mentioned above.
Kindly help.
Rgds
Mithil Pradhan
Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+ countries) for 2ยข/min or less. __._,_.___
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
SPONSORED LINKS
| Software support | Small business finance | Business finance online |
| Business finance training | Business finance course |
Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
