Rank: Advanced Member
Groups: Registered, Registered Users Joined: 2/19/2012(UTC) Posts: 106
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Hello,
It is well known that a Bullish candlestick signal above the T line--8 period ema is a strong buy signal.
Accordingly I coded an indicator--'Candlestick Bullish Pattern'
A:=(Ref( EngulfingBull(),-1)=(Ref(Mov(C,8,E),-1)) AND (C> EngulfingBull()));
B:=(Ref( EngulfingBull(),-1)>Ref(Mov(C,8,E),-1) AND (C> EngulfingBull()));
D:=(Ref( PiercingLine() ,-1)=(Ref(Mov(C,8,E),-1)) AND (C>PiercingLine()));
Y:=(Ref( PiercingLine() ,-1)>(Ref(Mov(C,8,E),-1)) AND (C> PiercingLine()));
F:=(Ref( BullHarami() ,-1)=(Ref(Mov(C,8,E),-1)) AND (C> BullHarami() ));
G:=(Ref( BullHarami() ,-1)>(Ref(Mov(C,8,E),-1)) AND (C> BullHarami() ));
Z:=(Ref( Hammer(),-1)=(Ref(Mov(C,8,E),-1)) AND (C> Hammer()));
J:=(Ref( Hammer(),-1)>(Ref(Mov(C,8,E),-1)) AND (C> Hammer()));
K:=(Ref( InvHammer(),-1)=(Ref(Mov(C,8,E),-1)) AND (C> InvHammer()));
M:=(Ref( InvHammer() ,-1)>(Ref(Mov(C,8,E),-1)) AND (C> InvHammer()));
N:=(Ref( MorningStar(),-1)=(Ref(Mov(C,8,E),-1)) AND (C> MorningStar()));
Y:=(Ref( MorningStar(),-1)>(Ref(Mov(C,8,E),-1)) AND (C> MorningStar()));
X:=(A AND B) OR (D AND Y) OR (F AND G) OR (Z AND J) OR (K AND M) OR (N AND Y);
{Plot}
X;
And in the Exploration --Filter tab--I coded
Fml( "Candlestick Bullish Pattern") =1
Running this exploration across a large number of securities gives no results.
Where am I going wrong?
Can someone help?
Regards,
Dr.Chatterjee
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