Candlestick Exploration Scoring needed

amitrandive · Jun 16, 2014

Dear All

Below is a candle stick exploration.It has around 30+ candlestick patterns.

Can we form a scoring system for the patterns in such a way to get a very high probability setup?

For eg If 15/30 indicates a 50% pattern formations , which is neutral.So something like over 50% is high probability set up

Code:

MAXH5=HHV(High,5)==High;
MaxH5COLOR=IIf(MAXH5,colorBrightGreen,colorWhite);
 
MAXH5Y=HHV(High,5)==Ref(High,-1);
MAXH5YCOLOR=IIf(MAXH5Y,colorBrightGreen,colorWhite);
 
MINL5=LLV(Low,5)==Low;
MINL5COLOR=IIf(MinL5,colorBrightGreen,colorWhite);
 
MINL5Y=LLV(Low, 5)==Ref(Low,-1);
MINL5YCOLOR=IIf(MINL5Y,colorBrightGreen,colorWhite);
 
DOJI1=abs(Close-Open) <= (Close*.0025);
DOJI1COLOR=IIf(DOJI1,colorBrightGreen,colorWhite);
 
DOJI2=(abs(Open-Close)<=((High-Low)*0.1));
DOJI2COLOR=IIf(DOJI2,colorBrightGreen,colorWhite);
 
DOJI1Y=abs(Ref(Close,-1)-Ref(Open,-1)) <= (Ref(Close,-1)*.0025);
DOJI1YCOLOR=IIf(DOJI1Y,colorBrightGreen,colorWhite);
 
DOJI2Y=(abs(Ref(Open,-1)-Ref(Close,-1))<=((Ref(High,-1)-Ref(Low,-1))*0.1));
DOJI2YCOLOR=IIf(DOJI2Y,colorBrightGreen,colorWhite);
 
MRNSTAR=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Open,-1)<=Ref(Close,-2) AND Ref(Close,-1)<=Ref(Close,-2) AND Close>Ref(Close,-2) AND Close>=Open*1.01;
MRNSTARCOLOR=IIf(MRNSTAR,colorBrightGreen,colorWhite);
 
ABBABY=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(High,-1)<Ref(Low,-2) AND Low>Ref(High,-1) AND Close>=Open*1.01;
ABBABYCOLOR=IIf(ABBABY,colorBrightGreen,colorWhite);
 
TRISTARBLSH=LLV(Low,3)==LLV(Low, 13) AND (HHV(High, 3)-LLV(Low, 3))<=(HHV(High, 3)*.01);
TRISTARBLSHCOLOR=IIf(TRISTARBLSH,colorBrightGreen,colorWhite);
 
TSTARSO=LLV(Low,8)==Ref(Low,-2) AND Ref(Close,-2)<Ref(Open,-2) AND Ref(Close,-2)>=(Ref(Low,-2)+((Ref(High,-2)-Ref(Low,-2))*.25)) AND Ref(Open,-1)>Ref(Close,-2) AND Ref(Low,-1)>Ref(Low,-2) AND Ref(Close,-1)>=(Ref(Low,-1)+((Ref(High,-1)-Ref(Low,-1))*.25)) AND Ref(Close,-1)<Ref(Open,-1) AND High<Ref(High,-1) AND Low>Ref(Low,-1) AND High-Low<=(High*.01);
TSTARSOCOLOR=IIf(TSTARSO,colorBrightGreen,colorWhite);
 
BLHARAMI=Ref(Close,-1)<=Ref(Open,-1)*.99 AND High<=Ref(Open,-1) AND Low>=Ref(Close,-1) AND Close>Open;
BLHARAMICOLOR=IIf(BLHARAMI,colorBrightGreen,colorWhite);
 
TINSDUP=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(High,-1)<=Ref(Open,-2) AND Ref(Low,-1)>=Ref(Close,-2) AND Close>Ref(Open,-2);
TINSDUPCOLOR=IIf(TINSDUP,colorBrightGreen,colorWhite);
 
HARAMICRS=Ref(Close,-1)<=Ref(Open,-1)*.99 AND High<Ref(Open,-1) AND Low>Ref(Close,-1);
HARAMICRSCOLOR=IIf(HARAMICRS,colorBrightGreen,colorWhite);
 
HARAMIPG=Ref(Close,-1)<=Ref(Open,-1)*.99 AND High<=Ref(Open,-1) AND Low>=Ref(Close,-1) AND Close<Open;
HARAMIPGCOLOR=IIf(HARAMIPG,colorBrightGreen,colorWhite);
 
KICKBULL=Ref(Close,-1)<=Ref(Open,-1)*.99 AND Low>=Ref(High,-1) AND Close>=Open*1.01;
KICKBULLCOLOR=IIf(KICKBULL,colorBrightGreen,colorWhite);
 
HIPRCGAP=Ref(Close,-4)>=Ref(Open,-4)*1.01 AND HHV(Ref(High, -1),3)<=Ref(High,-4) AND LLV(Ref(Low, -1), 3) >=Ref(Low,-4) AND Close>Open*1.01 AND Low>=Ref(High,-4);
HIPRCGAPCOLOR=IIf(HIPRCGAP,colorBrightGreen,colorWhite);
 
SDBSDWTLN=HHV(High,2)==HHV(High,8) AND Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Low,-1)>Ref(High,-2) AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Low>Ref(High,-2) AND Open<=Ref(Open,-1)*1.005 AND Close>=Open*1.01;
SDBSDWTLNCOLOR=IIf(SDBSDWTLN,colorBrightGreen,colorWhite);
 
UPSGAP3=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Low,-1)>Ref(High,-2) AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Open<Ref(Close,-1) AND Open>Ref(High,-2) AND Close<Ref(Close,-2);
UPSGAP3COLOR=IIf(UPSGAP3,colorBrightGreen,colorWhite);
 
TASUKIGAPBLSH=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Low,-1)>Ref(High,-2) AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Close<Open AND Close<Ref(Close,-1) AND Low>Ref(High,-2);
TASUKIGAPBLSHCOLOR=IIf(TASUKIGAPBLSH,colorBrightGreen,colorWhite);
 
HAMMER=Open>=(High-((High-Low)*.25)) AND Close>=(High-((High-Low)*.25));
HAMMERCOLOR=IIf(HAMMER,colorBrightGreen,colorWhite);
 
INVHAMMER=Open<=(Low+((High-Low)*.25)) AND Close<=(Low+((High-Low)*.25));
INVHAMMERCOLOR=IIf(INVHAMMER,colorBrightGreen,colorWhite);
 
TRIVBOT=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Open,-1)>Ref(Close,-2) AND Ref(Close,-1)>Ref(Close,-2) AND Close>Open AND Close<Ref(Open,-2) AND Open>Ref(Close,-2) AND Ref(Open,-1)>=(Ref(High,-1)-((Ref(High,-1)-Ref(Low,-1))*.25)) AND Ref(Close,-1)>=(Ref(High,-1)-((Ref(High,-1)-Ref(Low,-1))*.25));
TRIVBOTCOLOR=IIf(TRIVBOT,colorBrightGreen,colorWhite);
 
CONBABYSW=Ref(Close,-3)<=Ref(Open,-3)*.99 AND Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Open,-1)<Ref(Close,-2) AND Ref(High,-1)>Ref(Close,-2) AND Open>Ref(Close,-2) AND Close<=Ref(Close,-1) AND LLV(Low,2)==LLV(Low,8);
CONBABYSWCOLOR=IIf(CONBABYSW,colorBrightGreen,colorWhite);
 
LLDOJIBLSH=Open<Ref(Low,-1) AND High>=Low*1.01;
LLDOJIBLSHCOLOR=IIf(LLDOJIBLSH,colorBrightGreen,colorWhite);
 
MATCHLOW=LLV(Low,8)==LLV(Low,2) AND Ref(Close,-1)<=Ref(Open,-1)*.99 AND abs(Close-Ref(Close,-1))<=Close*.0025 AND Open>Ref(Close,-1) AND Open<=(High-((High-Low)*.5));
MATCHLOWCOLOR=IIf(MATCHLOW,colorBrightGreen,colorWhite);
 
BELTHOLD=Open<=Ref(Low,-1)*.99 AND Close>Ref(Low,-1);
BELTHOLDCOLOR=IIf(BELTHOLD,colorBrightGreen,colorWhite);
 
BULLENG=Open<Ref(Low,-1) AND Close>Ref(High,-1) AND Close>=Open*1.01;
BULLENGCOLOR=IIf(BULLENG,colorBrightGreen,colorWhite);
 
TOUTSUP=Ref(Open,-1)<Ref(Low,-2) AND Ref(Close,-1)>Ref(High,-2) AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Close>Ref(High,-1) AND Close>Open;
TOUTSUPCOLOR=IIf(TOUTSUP,colorBrightGreen,colorWhite);
 
STICKSAND=LLV(Low, 8)==LLV(Low, 3) AND Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Ref(Close,-1)>=Ref(High,-2) AND Open>=Ref(High,-1) AND abs(Close-Ref(Close,-2))<=Close*.0025;
STICKSANDCOLOR=IIf(STICKSAND,colorBrightGreen,colorWhite);
 
BREAKAWAY=Ref(Close,-4)<Ref(Open,-4) AND HHV(Ref(High,-1), 3) < Ref(Low,-4) AND Open < HHV(Ref(High,-1), 3) AND Close>Ref(Low,-4);
BREAKAWAYCOLOR=IIf(BREAKAWAY,colorBrightGreen,colorWhite);
 
MEETLNS=Ref(Close,-1)<=Ref(Open,-1)*.99 AND abs(Close-Ref(Close,-1))<=Close*.0025 AND Close>=Open*1.01;
MEETLNSCOLOR=IIf(MEETLNS,colorBrightGreen,colorWhite);
 
PRCLINE=Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(Low,-1) AND Close>=(Close+((Open-Close)*.5));
PRCLINECOLOR=IIf(PRCLINE,colorBrightGreen,colorWhite);
 
TWHITESOLD=LLV(Low,8)==Ref(Low,-2) AND Ref(Open,-1)<Ref(Close,-2) AND Open<Ref(Close,-1) AND Ref(Close,-1)>Ref(Close,-2) AND Close>Ref(Close,-1) AND Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Close>=Open*1.01;
TWHITESOLDCOLOR=IIf(TWHITESOLD,colorBrightGreen,colorWhite);
 
TLINESTRK=Ref(Open,-2)<Ref(Close,-3) AND Ref(Open,-1)<Ref(Close,-2) AND Ref(Close,-2)>Ref(Close,-3) AND Ref(Close,-1)>Ref(Close,-2) AND Ref(Close,-3)>=Ref(Open,-3)*1.01 AND Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Open>Ref(Close,-1) AND Close< LLV( Ref(Open,-1), 3);
TLINESTRKCOLOR=IIf(TLINESTRK,colorBrightGreen,colorWhite);
 
SEPLINES=Ref(Close,-1)<=Ref(Open,-1)*.99 AND abs(Open-Ref(Open,-1))<=Open*.0025 AND Close>=Open*1.01;
SEPLINESCOLOR=IIf(SEPLINES,colorBrightGreen,colorWhite);
 
RISTHREE=Ref(Close,-4)>Ref(Open,-4) AND Ref(High,-3)>Ref(High,-4) AND Ref(High,-1)<Ref(High,-3) AND Ref(Low,-1)<Ref(Low,-3) AND Ref(Close,-3)<Ref(Open,-3) AND LLV(Ref(Low,-1),3)>Ref(Low,-4) AND Close>=Open*1.01 AND Close>HHV(Ref(H,-1),3);
RISTHREECOLOR=IIf(RISTHREE,colorBrightGreen,colorWhite);
 
MATHOLD=Ref(Close,-4)>=Ref(Open,-4)*1.01 AND Ref(Low,-3)>Ref(High,-4) AND Ref(High,-1)<Ref(High,-3) AND Ref(Low,-1)<Ref(Low,-3) AND Ref(Close,-3)<Ref(Open,-3) AND LLV(Ref(L,-1),3) > Ref(Low,-4) AND Open<Ref(Open,-1) AND Close>HHV(Ref(H,-1),3) AND Close>=Open*1.01;
MATHOLDCOLOR=IIf(MATHOLD,colorBrightGreen,colorWhite);
 
EVNSTAR=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Open,-1)>=Ref(Close,-2) AND Ref(Close,-1)>=Ref(Close,-2) AND Open<=Ref(Close,-1) AND Close<=Open*.99;
EVNSTARCOLOR=IIf(EVNSTAR,colorBrightGreen,colorWhite);
 
ABBABYBRSH=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Low,-1)>Ref(High,-2) AND High<Ref(Low,-1) AND Close<=Open*.99;
ABBABYBRSHCOLOR=IIf(ABBABYBRSH,colorBrightGreen,colorWhite);
 
TWOCROWS=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Open,-1)>=Ref(Close,-2) AND Ref(Close,-1)>=Ref(Close,-2) AND Open>Ref(Low,-1) AND Open<Ref(High,-1) AND Close<=Open*.99;
TWOCROWSCOLOR=IIf(TWOCROWS,colorBrightGreen,colorWhite);
 
UPSGAPTWOCROWS=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(Open,-1)>=Ref(Close,-2) AND Ref(Close,-1)>=Ref(Close,-2) AND Open>Ref(High,-1) AND Close<Ref(Low,-1);
UPSGAPTWOCROWSCOLOR=IIf(UPSGAPTWOCROWS,colorBrightGreen,colorWhite);
 
TSTARBRSH=HHV(High, 3)==HHV(High, 13) AND (HHV(High, 3)-LLV(Low, 3))<=( HHV(High, 3)*.01);
TSTARBRSHCOLOR=IIf(TSTARBRSH,colorBrightGreen,colorWhite);
 
SHOOTSTAR=Low>Ref(High,-1) AND Open<=(Low+((High-Low)*.25)) AND Close<=(Low+((High-Low)*.25));
SHOOTSTARCOLOR=IIf(SHOOTSTAR,colorBrightGreen,colorWhite);
 
HANGMAN=Open>Ref(High,-1) AND Open>=(High-((High-Low)*.25)) AND Close>=(High-((High-Low)*.25));
HANGMANCOLOR=IIf(HANGMAN,colorBrightGreen,colorWhite);
 
SBSWHTLINESBRSH=LLV(Low, 8)==LLV(Low, 2) AND Ref(High,-1)<Ref(Low,-2) AND High<Ref(Low,-2) AND Ref(Close,-2)<=Ref(Open,-2)*.99 AND Open<=Ref(Open,-1)*1.005 AND Ref(Close,-1)>=Ref(Open,-1)*1.01 AND Close>=Open*1.01;
SBSWHTLINESBRSHCOLOR=IIf(SBSWHTLINESBRSH,colorBrightGreen,colorWhite);
 
LOWPRCGAP=Ref(Close,-4)<Ref(Open,-4)*.99 AND HHV(Ref(High,-1),3)<=(LLV(Ref(Low, -1),3)*1.01) AND High<LLV(Ref(Low,-1),3) AND Close<Open;
LOWPRCGAPCOLOR=IIf(LOWPRCGAP,colorBrightGreen,colorWhite);
 
DOWNGAP3=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(High,-1)<Ref(Low,-2) AND Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(Open,-1) AND Close>Ref(Close,-2);
DOWNGAP3COLOR=IIf(DOWNGAP3,colorBrightGreen,colorWhite);
 
TASUKIGAPBRSH=Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(High,-1)<Ref(Low,-2) AND Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(High,-1) AND Close>Ref(High,-1) AND High<Ref(Low,-2);
TASUKIGAPBRSHCOLOR=IIf(TASUKIGAPBRSH,colorBrightGreen,colorWhite);
 
HARAMIBRSH=Ref(Close,-1)>=Ref(Open,-1)*1.01 AND High<Ref(Close,-1) AND Low>Ref(Open,-1);
HARAMIBRSHCOLOR=IIf(HARAMIBRSH,colorBrightGreen,colorWhite);
 
TINSIDEDOWN=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(High,-1)<Ref(Close,-2) AND Ref(Low,-1)>Ref(Open,-2) AND Close<Ref(Open,-2) AND Open>Ref(Open,-2);
TINSIDEDOWNCOLOR=IIf(TINSIDEDOWN,colorBrightGreen,colorWhite);
 
HARAMICROSS=Ref(Close,-1)>=Ref(Open,-1)*1.01 AND High<Ref(Close,-1) AND Low>Ref(Open,-1);
HARAMICROSSCOLOR=IIf(HARAMICROSS,colorBrightGreen,colorWhite);
 
BRSHENGULF=Open>Ref(High,-1) AND Close<Ref(Low,-1);
BRSHENGULFCOLOR=IIf(BRSHENGULF,colorBrightGreen,colorWhite);
 
TINSIDDOWN=Ref(Open,-1)>Ref(High,-2) AND Ref(Close,-1)<Ref(Low,-2) AND Close<Open AND Close<Ref(Close,-1);
TINSIDDOWNCOLOR=IIf(TINSIDDOWN,colorBrightGreen,colorWhite);
 
DARKCLOUD=Ref(Open,-1)>=Ref(Close,-1)*1.01 AND Open>Ref(Close,-1) AND Close<=(Ref(Close,-1)-((Ref(Close,-1)-Ref(Open,-1))*.5));
DARKCLOUDCOLOR=IIf(DARKCLOUD,colorBrightGreen,colorWhite);
 
BELTHOLD=Open>=Ref(High,-1)*1.01 AND Close<Ref(High,-1);
BELTHOLDCOLOR=IIf(BELTHOLD,colorBrightGreen,colorWhite);
 
MTGLINES=Ref(Close,-1)>Ref(Open,-1) AND Open>=Ref(Close,-1)*1.01 AND abs(Close-Ref(Close,-1))<=Close*.0025;
MTGLINESCOLOR=IIf(MTGLINES,colorBrightGreen,colorWhite);
 
LLDOJIBRSH=Open>Ref(High,-1) AND High>=Low*1.01;
LLDOJIBRSHCOLOR=IIf(LLDOJIBRSH,colorBrightGreen,colorWhite);
 
ADVBLOCK=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(High,-1)>Ref(High,-2) AND Ref(Close,-1)>Ref(Open,-1) AND Close>Open AND High>Ref(High,-1) AND (Ref(Close,-1)-Ref(Open,-1))<(Ref(Close,-2)-Ref(Open,-2)) AND (Close-Open)<(Ref(Close,-1)-Ref(Open,-1));
ADVBLOCKCOLOR=IIf(ADVBLOCK,colorBrightGreen,colorWhite);
 
DELIB=Ref(Close,-2)>=Ref(Open,-2)*1.01 AND Ref(High,-1)>Ref(High,-2) AND Ref(Close,-1)>Ref(Open,-1)*1.01 AND Close>Open AND High>Ref(High,-1) AND (Close-Open)<(Ref(Close,-1)-Ref(Open,-1));
DELIBCOLOR=IIf(DELIB,colorBrightGreen,colorWhite);
 
TBLKCROWS=HHV(High,8)==Ref(High,-2) AND Ref(Open,-1)>Ref(Close,-2) AND Open>Ref(Close,-1) AND Ref(Close,-1)<Ref(Close,-2) AND Close<Ref(Close,-1) AND Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Close,-1)<=Ref(Open,-1)*.99 AND Close<=Open*.99;
TBLKCROWSCOLOR=IIf(TBLKCROWS,colorBrightGreen,colorWhite);
 
TLNSTRIKE=HHV(High,8)==Ref(High,-3) AND Ref(Open,-2)>Ref(Close,-3) AND Ref(Open,-1)>Ref(Close,-2) AND Ref(Close,-2)<Ref(Close,-3) AND Ref(Close,-1)<Ref(Close,-2) AND Ref(Close,-3)<=Ref(Open,-3)*.99 AND Ref(Close,-2)<=Ref(Open,-2)*.99 AND Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(Low,-1) AND Close>HHV(Ref(H,-1),3);
TLNSTRIKECOLOR=IIf(TLNSTRIKE,colorBrightGreen,colorWhite);
 
ONNECK=Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(Low,-1) AND Close>Open AND Close<Ref(Close,-1);
ONNECKCOLOR=IIf(ONNECK,colorBrightGreen,colorWhite);
 
INNECK=Ref(Close,-1)<=Ref(Open,-1)*.99 AND Open<Ref(Low,-1) AND Close>Open AND abs(Close-Ref(Close,-1))<=(Close*.0025);
INNECKCOLOR=IIf(INNECK,colorBrightGreen,colorWhite);
 
SEPLINES=Ref(Close,-1)>=Ref(Open,-1)*1.01 AND abs(Open-Ref(Open,-1))<=Open*.0025 AND Close<Open*.99;
SEPLINESCOLOR=IIf(SEPLINES,colorBrightGreen,colorWhite);
 
FALL3=Ref(Close,-4)<Ref(Open,-4) AND Ref(High,-3)<Ref(High,-4) AND Ref(High,-1)>Ref(High,-3) AND Ref(Low,-1)>Ref(Low,-3) AND HHV(Ref(H,-1),3) <= Ref(High,-4) AND Open>Ref(Low,-1) AND Close<LLV(Ref(Low,-1),3);
FALL3COLOR=IIf(FALL3,colorBrightGreen,colorWhite);
 
Filter = 1;
 
AddColumn(MAXH5,"Maximum High Today",1,colorBlack,MaxH5color);
AddColumn(MAXH5Y,"Maximum High Yesterday ",1,colorBlack,MaxH5Ycolor);
AddColumn(MINL5,"Minimum Low Today",1,colorBlack,MINL5Ycolor);
AddColumn(MINL5Y,"Minimum Low Yesterday",1,colorBlack,MINL5Ycolor);
AddColumn(DOJI1,"Doji 1",1,colorBlack,DOJI1color);
AddColumn(DOJI2,"Doji 2",1,colorBlack,DOJI2color);
AddColumn(DOJI1Y,"Doji Yesterday 1",1,colorBlack,DOJI1Ycolor);
AddColumn(DOJI2Y,"Doji Yesterday 2",1,colorBlack,DOJI2Ycolor);
AddColumn(MRNSTAR,"Morning Star ",1,colorBlack,MRNSTARcolor);
AddColumn(ABBABY,"Abandoned Baby",1,colorBlack,ABBABYcolor);
AddColumn(TSTARSO,"Tri Star",1,colorBlack,TSTARSOcolor);
AddColumn(TRISTARBLSH,"Three Stars in the South",1,colorBlack,TRISTARBLSHcolor);
AddColumn(BLHARAMI,"Bullish Harami",1,colorBlack,BLHARAMIcolor);
AddColumn(TINSDUP,"3 Inside Up Confirmation",1,colorBlack,TINSDUPcolor);
AddColumn(HARAMICRS,"Harami Cross",1,colorBlack,HARAMICRScolor);
AddColumn(HARAMIPG,"Homing Pigeon",1,colorBlack,HARAMIPGcolor);
AddColumn(KICKBULL,"Kicking Bullish",1,colorBlack,KICKBULLcolor);
AddColumn(HIPRCGAP,"High Price Gapping",1,colorBlack,HIPRCGAPcolor);
AddColumn(SDBSDWTLN,"Side by Side White Lines",1,colorBlack,SDBSDWTLNcolor);
AddColumn(UPSGAP3,"Tasuki Gap",1,colorBlack,UPSGAP3color);
AddColumn(HAMMER,"Hammer",1,colorBlack,HAMMERcolor);
AddColumn(INVHAMMER,"Inverted Hammer",1,colorBlack,INVHAMMERcolor);
AddColumn(TRIVBOT,"Three River Bottom",1,colorBlack,TRIVBOTcolor);
AddColumn(CONBABYSW,"Concealing Baby Swallow",1,colorBlack,CONBABYSWcolor);
AddColumn(LLDOJIBLSH,"Long Legged Doji",1,colorBlack,LLDOJIBLSHcolor);
AddColumn(MATCHLOW,"Matching Low",1,colorBlack,MATCHLOWcolor);
AddColumn(BELTHOLD,"Belt Hold",1,colorBlack,BELTHOLDcolor);
AddColumn(BULLENG,"Bullish Engulfing",1,colorBlack,BULLENGcolor);
AddColumn(TOUTSUP,"Three Outside Up",1,colorBlack,TOUTSUPcolor);
AddColumn(STICKSAND,"Stick Sandwich",1,colorBlack,STICKSANDcolor);
AddColumn(MEETLNS,"Meeting Lines",1,colorBlack,MEETLNScolor);
AddColumn(BREAKAWAY,"Breakaway",1,colorBlack,BREAKAWAYcolor);
AddColumn(PRCLINE,"Piercing Line",1,colorBlack,PRCLINEcolor);
AddColumn(TWHITESOLD,"Three White Soldiers",1,colorBlack,TWHITESOLDcolor);
AddColumn(TLINESTRK,"Three Line Strike",1,colorBlack,TLINESTRKcolor);
AddColumn(SEPLINES,"Seperating Lines",1,colorBlack,SEPLINEScolor);
AddColumn(RISTHREE,"Rising Three",1,colorBlack,RISTHREEcolor);
AddColumn(MATHOLD,"Mat Hold",1,colorBlack,MATHOLDcolor);
AddColumn(EVNSTAR,"Evening Star",1,colorBlack,EVNSTARcolor);
AddColumn(ABBABYBRSH,"Abandoned Baby bearish",1,colorBlack,ABBABYBRSHcolor);
AddColumn(TWOCROWS,"Two Crows",1,colorBlack,TWOCROWScolor);
AddColumn(UPSGAPTWOCROWS,"Upside Gap Two Crows",1,colorBlack,UPSGAPTWOCROWScolor);
AddColumn(SHOOTSTAR,"Shooting Star",1,colorBlack,SHOOTSTARcolor);
AddColumn(TSTARBRSH,"Tri-Star bearish",1,colorBlack,TSTARBRSHcolor);
AddColumn(HANGMAN,"Hanging Man",1,colorBlack,HANGMANcolor);
AddColumn(SBSWHTLINESBRSH,"Side by Side White Lines bearish",1,colorBlack,SBSWHTLINESBRSHcolor);
AddColumn(LOWPRCGAP,"Low Price Gapping",1,colorBlack,LOWPRCGAPcolor);
AddColumn(DOWNGAP3,"Downside Gap Three",1,colorBlack,DOWNGAP3color);
AddColumn(TASUKIGAPBRSH,"Tasuki Gap",1,colorBlack,TASUKIGAPBRSHcolor);
AddColumn(HARAMIBRSH,"Harami bearish",1,colorBlack,HARAMIBRSHcolor);
AddColumn(TINSIDEDOWN,"3 Inside Down Confirmation",1,colorBlack,TINSIDEDOWNcolor);
AddColumn(HARAMICROSS,"Harami Cross",1,colorBlack,HARAMICROSScolor);
AddColumn(BRSHENGULF,"Engulfing bearish",1,colorBlack,BRSHENGULFcolor);
AddColumn(TINSIDDOWN,"Three Inside Down ",1,colorBlack,TINSIDDOWNcolor);
AddColumn(DARKCLOUD,"Dark Cloud Cover ",1,colorBlack,DARKCLOUDcolor);
AddColumn(BELTHOLD,"Belt Hold",1,colorBlack,BELTHOLDcolor);
AddColumn(MTGLINES,"Meeting Lines",1,colorBlack,MTGLINEScolor);
AddColumn(LLDOJIBRSH,"Long Legged Doji",1,colorBlack,LLDOJIBRSHcolor);
AddColumn(ADVBLOCK,"Advance Block",1,colorBlack,ADVBLOCKcolor);
AddColumn(DELIB,"Deliberation",1,colorBlack,DELIBcolor);
AddColumn(TBLKCROWS,"Three Black Crows",1,colorBlack,TBLKCROWScolor);
AddColumn(TLNSTRIKE,"Three Line Strike",1,colorBlack,TLNSTRIKEcolor);
AddColumn(ONNECK,"On Neck",1,colorBlack,ONNECKcolor);
AddColumn(INNECK,"In Neck",1,colorBlack,INNECKcolor);
AddColumn(SEPLINES,"Seperating Lines",1,colorBlack,SEPLINEScolor);
AddColumn(FALL3,"Falling Three",1,colorBlack,FALL3color);

colion · Jun 18, 2014

Sure. Just find someone who has developed the statistics for the markets that you are interested in.

arun_1976 · Jun 18, 2014

its very much possible, but one thing you are missing is that you will not get a score of 15/30 as all patterns wont develop at the same time.

my solution to the problem is assign a point value to each pattern and then check the total score by adding the point value against each pattern

your concept is interesting a few backtests can reveal the actual results:thumb::clapping:

amitrandive · Jun 18, 2014

arun_1976 said:

its very much possible, but one thing you are missing is that you will not get a score of 15/30 as all patterns wont develop at the same time.

my solution to the problem is assign a point value to each pattern and then check the total score by adding the point value against each pattern

your concept is interesting a few backtests can reveal the actual results:thumb::clapping:

arun

We can have different scores for bullish and bearish patterns.

arun_1976 · Jun 18, 2014

amitrandive said:

yes, surely. depending upon the significance you can assign 1 to 10 for all bullish patterns and -1 to -10 for all bearish patterns and get the consolidated score

sushilgirdher · Jun 18, 2014

arun_1976 said:

its very much possible, but one thing you are missing is that you will not get a score of 15/30 as all patterns wont develop at the same time.

my solution to the problem is assign a point value to each pattern and then check the total score by adding the point value against each pattern

your concept is interesting a few backtests can reveal the actual results:thumb::clapping:

Yes i have already the same thing and i m using it

amitrandive · Jun 18, 2014

sushilgirdher said:

Can you please share it ?

extremist · Jun 20, 2014

hello..... amit sorry for late to respond......
have u finalized any system to give credits......

If u r finished with it then we may go ahead with coding....

PM me those credentials.

amitrandive · Jun 20, 2014

extremist said:

Currently working on it and will sort it out by the weekend.
What do you suggest ?

A positive point for every bullish pattern and a negative point for every bearish pattern.

Then it leaves the neutral patterns with no score ,or we can include neutral patterns on both bearish and bullish sides.

extremist · Jun 20, 2014

amitrandive said:

i think tht will be very generalized.

i'm not expert of patterns but i can tell u not all patterns bear the same credits.

so be specific and lill variable while giving credits.

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