Library "MyCandleLibrary" TODO: Candle Pattern Library IsEngulfingCandle(n, trendRule) TODO: Identify Bullish Engulfing Candle Parameters: n (int) : TODO: Candle Number trendRule (string) Returns: TODO: If Identify Bullish Engulfing candle return True otherwise False
Probability of bars in the same direction based on historical data.
On this occasion I present a script that detects Ignored Red Candles and Ignored Green Candles, basically it is a Price Action event that indicates a possible continuation of the current trend and gives the opportunity to climb it with a Very tight risk, before delving into detail I would like to leave this note: Note: the detection of this event does not...
Author: Johnan Prathap TASC March 2011 The typical inside bar two-bar view indicates minimal activity in a market. It is defined as a bar (or series of bars) that is completely within the range of the preceding bar; that is, it has a higher low and lower high than the bar immediately before it. Some traders consider a bar an inside bar if the high and low are...