Master charts

"In search of excellence"

After taking into many reading of Nison, Tina Logan and many other study material I have designed my first afl for candles.

This chart provides a in depth description of the respective candle pattern.

I have reworked on the Candles to make it look and understand better.

The arrows indicate the candle formation.

Take labels are in short form albeit you get a full description of the candles when the cursor is pointed on that candle formation.

Right click and you will get the parameters to on and off labels and arrows.

This took me a lot of time and efforts.

I would add on more candles to it.

Kindly let me know if there are any flaws or ur suggestions to improve it.

Works with Amibroker 5.3. I haven’t tested on lower versions.

Here is a screenshot of how the indicator looks:

A combination of the candles plus stochastic.

The candle forming a hammer....Stochastic in oversold territory leading to a reverse of trend.

The candle sticks require a 2nd ot 3rd day confirmation.

I just modified this to give a confirmation of the pattern formed on the previous day.

This chart shows a piercing line pattern.

The greater the green body penetrates thru red the greater the probability of reversal.

The next day of the piercing line needs a confirmation.

Moving a day ahead the chart shows if the pattern is confirmed.

A step ahead with refined indicators.