Count 5-10candle sticks that closes above 50 ema

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05/23/2019 at 10:54 AM #99253 quote

Participant

New

Hi,

I want to count how many candles (before a bearish engulfing candle) that closes above the exponential moving average. I just cant figure out how to code it. I tried For-do-next and failed. can anyone help me with this?

05/23/2019 at 11:40 AM #99256 quote

robertogozzi

Moderator

Legend

There you go:

Bullish   = close > open
Bearish   = close < open
Opposite  = (Bearish AND Bullish[1]) OR (Bearish[1] AND Bullish)
Body      = abs(close - open)
Engulfing = (Body > Body[1]) AND Opposite
BearishEng= Engulfing AND Bearish AND (Open >= close[1]) AND (close <= open[1])
MyEma     = average[50,1](close)
BarCount  = 0
If BearishEng THEN
   FOR i = BarIndex - 1 DOWNTO 1
      x = BarIndex - i
      IF close[x] > MyEma[x] THEN
         BarCount = BarCount + 1
      ELSE
         BREAK
      ENDIF
   NEXT
ENDIF
RETURN BarCount

05/23/2019 at 10:47 PM #99289 quote

robertogozzi

Moderator

Legend

I just edited line 6.