Screener for enguler candles

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05/02/2021 at 12:45 PM #168569 quote

nealhart
Participant

Junior

Hi, is it possible to help with a screener I need for a certain “engulfer” candle setup? Thanks very much

ENGLUFER CANDLE CRITERIA =

A LARGER CANDLE THAT TURNS IN OPPOSITE DIRECTION FROM PREVIOUS CANDLE

THE HIGH/LOW ( WICK) MUST BE EQUAL OR GREATER THAN PREVIOUS CANDLE

THE OPEN/CLOSE (BODY) MUST BE GREATER THAN PREVIOUS CANDLE

05/02/2021 at 5:16 PM #168597 quote
robertogozzi
Moderator

Legend
To recap:
- the upper wick must be >= than previous (larger or higher? I assume larger)
- the lower wick must be >= than previous (larger or lower? I assume larger)
- the body must be > than previous
There you go:
```
Body      = abs(close - open)
UpperWick = high - max(open,close)
LowerWick = min(open,close) - low
c1        = UpperWick >= UpperWick[1]
c2        = LowerWick >= LowerWick[1]
c3        = Body      >  Body[1]
Cond      = c1 AND c2 AND c3
SCREENER[Cond]
```
05/02/2021 at 11:01 PM #168620 quote

nealhart
Participant

Junior

Hi, I have attached a screenshot for more clarity.

Can there be an adjustment?

Thanks very much for the help.

ENGULFER-CANDLE-EXAMPLES.jpg

05/03/2021 at 11:34 AM #168665 quote
robertogozzi
Moderator

Legend
Sorry, I forgot to add the second candle to go the opposite direction:
```
Bullish   = close > open
Bearish   = close < open
Body      = abs(close - open)
UpperWick = high - max(open,close)
LowerWick = min(open,close) - low
c1        = UpperWick >= UpperWick[1]
c2        = LowerWick >= LowerWick[1]
c3        = Body      >  Body[1]
c4        = (Bullish AND Bearish[1]) OR (Bearish AND Bullish[1])
Cond      = c1 AND c2 AND c3 AND c4
SCREENER[Cond]
```
05/05/2021 at 1:04 PM #168840 quote

nealhart
Participant

Junior

Hi, thanks so much for the formula. Much appreciated 🙂

Kind regards

Neal.
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