Here is a simple screener to find both Evening Star and Morning Star candlestick patterns.
The screener returns a signal named “Go”, which can be:
1 = Go long (Morning Star found)
-1 = Go Short (Evening Star found)
A variable named “BaseCandle” represents the first pattern candle from the right, so a search for past patterns can be done.
To the known 3 candles pattern, I added one more black candle to the Morning Star to check previous trend. In the same way, to the Evening Star I added one more white candle.
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//Author: Francesco //Date: 20-01-2017 //BaseCandle parameter = first candle of the pattern, starting from right (it is possible to run screener staring from any past candle) BaseCandle = 0 Open0 = Open[BaseCandle] Close0 = Close[BaseCandle] Open1 = Open[BaseCandle + 1] Close1 = Close[BaseCandle + 1] Open2 = Open[BaseCandle + 2] Close2 = Close[BaseCandle + 2] Open3 = Open[BaseCandle + 3] Close3 = Close[BaseCandle + 3] //Evening Star EvStar = Open0 > Close0 And Open0 < Close1 And Open1 > Close1 And Close1 > Close2 And Open2 < Close2 And Close2 > Close3 And Open3 < Close3 //Morning Star MornStar = Open0 < Close0 And Open0 > Close1 And Open1 < Close1 And Close1 < Close2 And Open2 > Close2 And Close2 < Close3 And Open3 > Close3 //Go Short Signal = -1 If EvStar then Go = -1 endif //Go Long Signal = 1 If MornStar then Go = 1 endif Condition = (EvStar Or MornStar) SCREENER[Condition] (Go AS "Go") |
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Nice screener but the 2 candelsticks around the doji should be long sticks (red and green). Furthermore, there should ideally be a gap between the 2 long candelsticks and the doji.