This ProBuilder code snippet is designed to identify a specific candlestick pattern in trading charts. The pattern consists of a doji candlestick flanked by two larger candlesticks that are similar in size. The code allows users to set parameters for the doji size and the minimum size and similarity of the surrounding candlesticks.
DojiPercent = 50 //percentage
CandleBodySize = 10 //points
Maxdifference = 20 //percentage
// ---
doji=(abs(open - close) <= (high - low) * (Dojipercent/100))
body = abs(open-close)
bodysize = body>=candlebodysize*pointsize
if bodysize and (max(body,body[2])-min(body,body[2]))/body[2]<=maxdifference/100 and doji[1] then
//drawarrow(barindex[1],low[1])
//backgroundcolor(150,150,150,50)
drawrectangle(barindex[2],highest[3](high),barindex,lowest[3](low))
endif
return
Explanation of the Code:
This code is useful for traders and analysts who use technical analysis to identify potential reversals or continuations in price trends based on candlestick patterns.
Check out this related content for more information:
https://www.prorealcode.com/topic/inside-bars/page/2/#post-149015
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