Candle pattern recognition study

Hello,
I have a Candle pattern Recognition study but need 1 final thing to complete it. I need to be able to click on any candle and have the study tell me what pattern it is. At the moment it will tell me what the current candle pattern is and works great. However, it is necessary at times to look back and having the ability to click on a candle so the study tells you the pattern is very convenient.
My Amibroker study does this which is both necessary and convenient. Can this be done using Easylanguage and would someone please help me with this? Thank you for any and all help.

Kindest regards,

Tim

can u upload the Candle pattern Recognition study so that we can help u out with ur study hope to hear from u soon

regards

You are welcome to float you studies here.

Haribird.

Hi

The most important thing while attempting to experiment with candlesticks is trend. Candlesticks work very well in trending markets. A bullish reversal pattern has to be studied while ascertaining the overall technical picture; like whether the stock is just commencing the 3rd or 5th wave. If it has made a new low, it could be the beginning of first wave. In this case, a positive divergence is needed to confirm the reversal.

The charting software may display a specific pattern on a particular day but it is upto the individual to find out whether the pattern is reliable or not.

In my blog (http://vsundy.blogspot.com) I have recently posted an article regarding how to trade two day candlestick patterns along with a checklist for bullish reversal patterns.

Bullish engulfing / harami candlestick pattern checklist

1. Is the stock on a down trend?
2. Is the downtrend fast, protracted?
3. Is the green day volume more than red day volume?
4. Is the green day volume more than 21 day moving average?
5. Is the entire red candle is engulfed?
6. Are the shadows of red candle engulfed by shadows of green candle?
7. Does the entire green candle lies within real body of red candle? (Harami)
8. Are the shadows of green candle within the shadows of red candle? (Harami)
9. Does the candlestick formation occur after a critical support is tested?
10. Is there positive divergence in case the stock makes a new low while candlestick pattern is formed?
11. Is the red candle a long black candle? (Harami)
12. Is the green candle a long white candle? (Engulfing)
13. Is the first candle doji? (Engulfing)
14. Is the second candle doji? (Harami)
15. Does the red candle have minimal upper shadow?
16. Does the green candle have minimal lower shadow?
17. Are the candlestick centerlines nearly equal?
18. Does the green candle engulf more than one real body?

If you are interested, please read the full article here:

http://vsundy.blogspot.com/2009/03/how-to-trade-two-day-candlestick.html

vsundy

Raven
can you send me a copy of your Aminbroket candlestick study. I am very interested.:clap: