Author: OKAS
Let’s see what a bearish engulfing is:
1. The previous candlestick must be a white one
2. The current candlestick must open upper the body of the previous candlestick
3. The current candlestick must close below the body of the previous candlestick
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REM Compute the power of the bullish trend // Find the lowest quote on the last 8 bars LowPoint = LOWEST[8](LOW) // Compute the variation of price from this point to now Advance = CLOSE- LowPoint // Compute the usual volatility of the stock (median of True Range) Norm = SUMMATION[3](TR) - HIGHEST[3](TR) - LOWEST[3](TR) REM Stock picking : only the bearish engulfing Filter = CLOSE[1] > OPEN[1] AND OPEN > CLOSE[1] AND CLOSE < OPEN[1] REM We keep the most serious advances SCREENER [ Filter ] (Advance / Norm AS"Trend Power") |
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Thanks a lot.
Here the same code only for Bullish Engulfing:
REM Compute the power of the bullish trend
// Find the HIGHEST quote on the last 8 barsHighPoint = HIGHEST[8](LOW)
// Compute the variation of price from this point to nowAdvance = OPEN- HighPoint
// Compute the usual volatility of the stock (median of True Range)Norm = SUMMATION[3](TR) – HIGHEST[3](TR) – LOWEST[3](TR)
REM Stock picking : only the Bullish engulfing
Filter = OPEN[1] > CLOSE[1] AND CLOSE > OPEN[1] AND OPEN < CLOSE[1]
REM We keep the most serious advancesSCREENER [ Filter ] (Advance / Norm AS”Trend Power”)
Hi! I was trying to import the code but it doesn t let me do it. Do you mind to do a ITF file? That would be very helpful!