CANDLE PATTERN CODE
CONVERTED TO EASYLANGUAGE
by STRATOPT, INC 2008

modified by TAMS
date: 20090201 prints pattern name on bottom of chart
date: 20090211 added option to print log
date: 20090220 added commentary
date: 20090412 added option NOT to print pattern name,
(ie. show pattern name only when you click on the bar)

MC version can adjust text size
(MC = MultiCharts)

note:
1. if you don't believe in seeing the candle names, please move on.
2. this indicator has been tested in MultiCharts. If you don't know how to import it into tradestation, please spend 5min with your user's guide.

[aaa]

I like this educative indicator

This is a suggestion to have only one candle at a time

if ((C>O) AND((C-O)/(.001+H-L)>.6)) then 
Message = Message + " LongWhiteCandle"

else if (C>O) then 
Message = Message + " WhiteCandle" 	
	
else if ((C>O) AND ((H-L)>(3*(C-O)))) then 
Message = Message + " SmallWhiteCandle" ; 

if (O>C AND (O-C)/(.001+H-L)>.6) then 
Message = Message + " LongBlkCandle" 
  	
else if (O>C) then 
Message = Message + " BlkCandle"          

else if ((O>C) AND ((H-L)>(3*(O-C)))) then 
Message = Message + " SmallBlkCandle" ;

[Tams]

Originally Posted by aaa »

I like this educative indicator
This is a suggestion to have only one candle at a time

The candle name logic was designed by an unknown author.
I have reviewed various codes floating around the internet, I think some of this code can be attributed to Surinote.

My contribution is limited to making the candle names visible on the chart.

I believe the multi-label is due to a candle having multiple attributes.
As in any indicator, one really need to understand the context to make it meaningful.

[aaa]

Like for the Black/white candles to take less space on the screen and avoids duplication

This is an other suggestion to choose only one gap

It

// Gaps
if GapUp AND GapUp[1] then 
Message = Message + "DoubleGapUp"
else if L > 1.02 * H1 then 
Message = Message + "HugeGapUp"  
else if L > 1.01 * H1 then 
Message = Message + "BigGapUp"    
else if GapUp then 
Message = Message + "GapUp" ;    

if GapDn AND GapDn[ 1] then 
Message = Message + "DoubleGapDown"  
else if H < 0.98 * L1 then 
Message = Message + "HugeGapDown"  
else if H < 0.99 * L1 then 
Message = Message + "BigGapDown"   
else if GapDn then 
Message = Message + "GapDown" ;

[aaa]

Tams, could you help me to adapt my suggestion to your "plot" version ?

If condition1 true then
condition1
else if Condition2 true then
condition2
ect..

I have problems with

If * then
begin
*
*
end
else
noplot

[Tams]

Originally Posted by aaa »

Tams, could you help me to adapt my suggestion to your "plot" version ?

If condition1 true then
condition1
else if Condition2 true then
condition2
ect..

I have problems with

If * then
begin
*
*
end
else
noplot

I think it will require some major re-engineering work.

I am busy in the next few weeks... let me see if I can schedule it sometime in May.

[daedalus]

Thanks for your continued work Tams! Great stuff!

[Stock.Jock]

Tams,

I sometimes come across some EasyLanguage indicator code that I would like to translate; however, they have the ELD extention and I don't have tradestation. Is there any other way to open these files for me to examine the code? I usually can do the translation myself, but I can't open files with this extention.