Candlestick chart pattern identification AFL

Today i am posting an AFL, which could point to finding some of the important candle patterns. The patterns include Morning Doji star, Morning star, Three white soldiers, Piercing Line, Downside Tasuki Gap, engulfing Pattern, Abandoned Baby, Dragon fly Doji and Harami. When these patterns are identified, the number 1 appears in the results window, indicating the confirmation of the pattern. The volume is also included in order to select the desired volume levels. The results can be exported using the File menu in the analysis window, in the form of CSV, txt or html format. It is better to export it the the .csv format, so that it can be easily manipulated and analyzed in MS Excel program.

This afl will not show any charts in the chart window, because this is meant for analyzing the stocks. it is quite tedious to check candle pattern one by one for the reversal patterns. This AFL comes in handy to do this work in the shortest possible time. 

This AFL can be stored anywhere in the computer, but its preferred destination is the customs folder in the formulas folder. The amibroker has all the options to run this afl. One can scan the entire symbol list or selected symbols. Similarly, it can be run for any number of days or a single day.

Under Apply to , there are three options all symbols, current symbol and use filter. This mean the user can select a single stock or multiple stocks. Under the range from a single day quote to date range specified quotations could be selected for explorations. The above description is for a new user.

Finally using the candlestick chart patterns for trading purpose, need sufficient knowledge of various candlestick patterns. I suggest that the readers  to take interest in acquiring knowledge about candlestick chart patterns.

Click here to download the AFL for pattern identification