Candlestick Coding

[lonew0lf]

I have fairly simple question (at least i think it is for anyone who codes). I'd like the following indicator to plot the text of the type of candlestick rather than dots.

Below is from MC and this indicates doji. Looking to have the text display above/below the bar, thanks.

inputs: Percent( 5 ) ;

if C_Doji( Percent ) = 1 then
begin
Plot1( Close, "Doji" ) ;
Alert( "Doji" ) ;
end ;

[jrcentaur59]

Huh?????????????????????? ??????????????????

[sep34]

Originally Posted by lonew0lf I have fairly simple question (at least i think it is for anyone who codes). I'd like the following indicator to plot the text of the type of candlestick rather than dots. Below is from MC and this indicates doji. Looking to have the text display above/below the bar, thanks. inputs: Percent( 5 ) ; if C_Doji( Percent ) = 1 then begin Plot1( Close, "Doji" ) ; Alert( "Doji" ) ; end ;

This is how its done in TS, it should work in MC too.



//-------------------------------------------------------------------------------------------------------------------
Input: My_TEXT ("Doji");
Input: Txt_below_bar (2);
Input: Long_Clr (magenta);
Input: Horizdown (3);
Input: Vertdown (2);
inputs: Percent( 5 ) ;

variables:Text_ID2(0),one tick(0);

onetick = minmove/pricescale;


if C_Doji( Percent ) = 1 then
begin


Text_ID2 = Text_New( Date, Time, low-Txt_below_bar*onetick, My_TEXT );
text_setcolor( Text_ID2,long_clr) ;
Text_SetStyle(Text_ID2, horizdown, vertdown);
end;
//--------------------------------------------------------------------------------------------------------------------

[lonew0lf]

Sep34,

thanks for the reply. This looks to be what i'm trying to accomplish; however, when I compile I get the below error, any thoughts?

"assignment is allowed only for variables or array elements"

Input: My_TEXT ("Doji");
Input: Txt_below_bar (2);
Input: Long_Clr (magenta);
Input: Horizdown (3);
Input: Vertdown (2);

inputs: Percent( 5 ) ;

onetick = minmove/pricescale;

if C_Doji( Percent ) = 1 then begin

Text_ID2 = Text_New( Date, Time, low-Txt_below_bar*onetick, My_TEXT );
text_setcolor( Text_ID2,long_clr) ;
Text_SetStyle(Text_ID2, horizdown, vertdown);
end;

[sevensa]

Originally Posted by lonew0lf Sep34, thanks for the reply. This looks to be what i'm trying to accomplish; however, when I compile I get the below error, any thoughts? "assignment is allowed only for variables or array elements"

In the post from sep34, replace this line:

Code: variables:Text_ID2(0),one tick(0);

with this one:

Code: variables:Text_ID2(0),onetick(0);

When copy and pasting code, it should be encapsulated with code tags (the # sign in the menu do that), otherwise formatting gets lost.

[sevensa]

Originally Posted by jrcentaur59 Huh?????????????????????? ??????????????????

Did you get confused and thought you were on ET?

[lonew0lf]

Sep34 & Sevensa:

Many thanks, it now works the way I had hoped.

In applying these variables (and learning easy language/power language), is it possible to use the same inputs for other candlestick patters, for example bullish/bearish engulfing, etc... or are the parameters for the doji unique?

[BlowFish]

TradeStation EasyLanguage Code these functions might help. I am sure you can find more on the interwebz.

Candlestick detection is an ideal starter project to learn some easy language as it simply compares O,H,L & C's. Whether it is useful to trade with these patterns rather than reading the sentiment behind them depends on your objectives I guess.

Edit: Its up to you what are suitable parameters for the indicators. I might require that a hanging man has 3 times the wick to the body tou might want 2.5. Easy language will simply detect what you tell it to.

[sep34]

Originally Posted by lonew0lf Sep34 & Sevensa: Many thanks, it now works the way I had hoped. In applying these variables (and learning easy language/power language), is it possible to use the same inputs for other candlestick patters, for example bullish/bearish engulfing, etc... or are the parameters for the doji unique?

Lonewolf,

If I understand you correctly then yes,

you can use the same code above and below the code for the doji, in concert with another code that describes another candle pattern and just name them engulfing or what ever via an input. In the past I have coded apprx 30+ candle patterns and use the same text code and inputs (inputs/variables related to plotting the text)that I posted above.


By the way,...Im sure you are already aware of this, just in case, the definitions for candlesstick pattern in TS Indicator Library or most books e.g. Nison are very....hmm how to say this....lets just say that they are very humble and thats being kind, an introduction at most.

[sep34]

Originally Posted by BlowFish Candlestick detection is an ideal starter project to learn some easy language as it simply compares O,H,L & C's.

Agree, infact thats how I learned what little EL I know, however I have several CandleStick patterns that fill up two pages of code, on the other hand, If I knew how to use loops at the time of coding it would have reduce the length of the could to somthing much smaller.