ACPD – «Auto Candlestick Patterns Detected»
– Indicator for automatic detection of candle patterns.
The indicator will be interesting for both beginners and professionals. It can be used for both full work on it (good results can be obtained).
get on stocks and currency pairs), and as an additional indicator to the
trading system.
The ACPD Candlestick pattern indicator can:
The settings in the indicator were optimized for the EURUSD pair (4 digits), for the daily period. But
the same settings show themselves well on other tools with other tools.
schedule periods (above four hours). The indicator works with objects such as
ARROW_UP, ARROW_DOWN, and TEXT. When unloaded, it deletes all objects of these types.
Models included in the ACPD indicator – ” Auto Candlestick Patterns Detected»:
One Candle Pattern – Single Candle Patterns
Two Candle
Pattern-Double Candle Patterns
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Three Candle Pattern-Triple Candle Patterns
Basic indicator settings:
- Buffer candles for scanning-a buffer of candles that is used to search for models (the recommended parameter is from
10 to 100, values greater than 100 can slow down the system). - Color down arrow – color of the down arrow.
- Color up arrow – the color of the up arrow.
- The text color of single candle patterns – the signature color of single candle patterns.
- Text color double candle patterns – the signature color of the double candle patterns.
- Text color triple candle patterns – the signature color of the triple candle patterns.
- Text size – the size of the text.
- Text font-font
the text. - Coefficient of trend detection model – the coefficient of the trend to start the search for the model.
- Shadow Umbrella Up (unlike the body) – the maximum shadow of the “Paper Umbrella” candle up relative to the body (for the “hammer” and “hangman” models).
- Shadow Umbrella Down (unlike the body) – the minimum shadow of the “Paper Umbrella” candle down relative to the body (for the “hammer” and “hangman” models).
- Umbrella body min (tick) – the minimum size of the candle body ” Paper
Umbrella “in ticks (for models “hammer” and “hangman”). - Shadow difference Spinning Top – the maximum allowable difference between the shadows of the “Top” candle (the parameter is greater than 1).
- Spinning Top body min (tick) – the minimum body for the “Spinning Top” candle”
in ticks. - Shadow difference Doji – the maximum allowable difference between the shadows of the Doji candle (the parameter is greater than 1).
- Shadow Doji max (tick) – maximum shadows of the Doji candle
in ticks. - Doji body max (tick) – the maximum body of the Doji candle
in ticks. - Shadow Gravestone Doji Down max (tick) – maximum allowed lower
shadow for the candle “Doji Tombstone” in tiki. - Shadow Doji Dragon Up max (tick) – maximum allowed upper limit
Doji Dragon candle shade in ticks. - Shadow Doji Four Price max (tick) – the maximum allowed shadows for
candles “Doji of Four Prices” in ticks. - Body Long Candle min (tick) – the minimum body for a “Long” candle
in ticks. - Divergence Meeting Lines max (tick) – maximum tolerance for the “Meeting Lines” model
Candles” in ticks. - Shadow Maribozu Candle max (tick) – maximum allowed shadows for
Maribozu candles in ticks. - Delete old objects – delete old objects
objects that were shown earlier.
Next are the settings for enabling or disabling tracking of all models.
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