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I am pretty busy right now. All you have to do is apply the formula and read the Title.
Apply the code to an indicator, open up the Param window, and drag the CandlePattern# slider left and right. Each CandlePattern number selects a different candle pattern. The selected pattern is identified on your chart with a vertical Blue line. The white line on your chart represents the resulting equity if the pattern were traded. Thus you can see the pattern's profitability over your data history. Try different tickers, they will all behave differently. The exit delay, i.e., the delay after the candle pattern occurred before the price is sampled, is adjustable. Presumably some longer patterns require more bars to show profits/losses. The name of the candle pattern and a number of other stats are also shown in the Title.
If you want to explore patterns you will have to dig into the code - no other option.
There are websites and books that list statistical performance for the various candle sticks. I remember seeing articles on this, perhaps in TASC. You'll have to do some research.
Good luck,
herman
For tips on developing Real-Time Auto-Trading systems visit:
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Thursday, February 28, 2008, 6:20:29 AM, you wrote:
> Hello Herman,
> Interestingly, I found your code on the Amibroker Formula Web Page a
> few months ago but unfortunately, with the limited instructions with it
> and more importantly my inexperience with AB, I was unable to get it
> working.
> Consequently, would you it be possible for you to offer some further
> intruction to help me get it working correctly as I agree that this
> code would be a good starting point for what I'm trying to achieve.
> Kindest Regards,
> Chorlton
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Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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For other support material please check also:
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