Amibroker AFL code for CandleStochastics:
Script:
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// Formula Name: CandleStochastics
// For more scripts, visit: www.marketsecrets.in
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This Exploration combines Stochastics with a scan for 7 different candlestick patterns (Dark Cloud Cover, Piercing Line, Morning and Evening Doji Stars, Hammer, and Engulfing).
Buy Signal: Stochastic at or below 20 and at least one bullish candle pattern.
Sell Signal: Stochastic at or above 80 and at least one bearish candle pattern.
Vol Index: this column is the ratio of today’s volume to the 14-day average volume.
This column should be sorted Descending. The best signals are occur when VolIndex is at least 2 or higher.
PCL[up]: Piercing Line, “up” signifies Bullish.
MDS[up]: Morning Doji Star
BLE[up]: Bullish Engulfing
HAM[up]: Hammer
BRE[dn]: Bearish Engulfing, “dn” signifies Bearish.
DCC[dn]: Dark Cloud Cover
EDS[dn]: Evening Doji Star
A “1” in the column signifies TRUE, a “0” indicates no signal.
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/* Minimum Price and 14 day Avg Volume Values for Filter */
minPrice = 3; //change as needed
minVol = 50000; //change as needed
VolAvg = ma( v, 14 );
VolumeIdx = v / VolAvg;
AvgRange = sum( abs(O-C),15 )/15;
/* Candle Codes */
White = iif((C>O) AND ((C-O)>=0.8*(H-L)),1,0) AND (C-O)>AvgRange;
Black = iif((C<O) AND ((O-C)>=0.8*(H-L)),1,0) AND (O-C)>AvgRange;
Doji = iif(abs(O-C)<=0.1*(H-L),1,0);
/* Dark Cloud Cover [Bear] */
DCC = iif(ref(White, -1) AND Black AND C<=ref(((H+L)/2),-1)
AND O>ref(C,-1), 1,0);
/* Piercing Line [Bull] */
PL = iif(ref(Black, -1) AND White AND C>=ref(((H+L)/2),-1)
AND O<ref(C,-1), 1,0);
/* Evening Doji Star [Bear] */
EDS = iif(ref(White, -2) AND ref(Doji, -1) AND Black AND
C<=ref(((H+L)/2),-2), 1,0);
/* Morning Doji Star [Bull] */
MDS = iif(ref(Black, -2) AND ref(Doji, -1) AND White AND
C>=ref(((H+L)/2),-2), 1,0);
/* Hammer [Bull] */
HAM = iif( (H-L > 1.5*AvgRange) AND (C > (H+L)/2) AND (O > C) AND
(VolumeIdx > 2), 1, 0);
/* Bearish Engulfing */
BRE = iif(Black AND ref(White, -1) AND (C < ref(O, -1)) AND (O > ref(C, -1)), 1,0);
/* Bullish Engulfing */
BLE = iif(White AND ref(Black, -1) AND (C > ref(O,-1)) AND (O < ref(C,-1)), 1,0);
/* Stochastics 14-4 */
ss = ma(stochk(14),4);
StochBuy = iif(ss<=20, 1, 0);
StochSell = iif(ss>=80, 1, 0);
/* Exploration Columns for Sorting */
NumColumns = 9;
Column0 = V;
Column1 = VolumeIdx;
Column2 = PL;
Column3 = MDS;
Column4 = BLE;
Column5 = HAM;
Column6 = BRE;
Column7 = DCC;
Column8 = EDS;
Column0Name = “Volume”;
Column1Name = “Vol Idx”;
Column2Name = “PCL[up]”;
Column3Name = “MDS[up]”;
Column4Name = “BLE[up]”;
Column5Name = “HAM[up]”;
Column6Name = “BRE[dn]”;
Column7Name = “DCC[dn]”;
Column8Name = “EDS[dn]”;
Column0format = 1.0;
Column1format = 1.1;
Column2format = 1.0;
Column3format = 1.0;
Column4format = 1.0;
Column5format = 1.0;
Column6format = 1.0;
Column7format = 1.0;
Column8format = 1.0;
/* Filter */
Filter = ((C > minPrice) AND (VolAvg >= minVol)) AND (StochBuy AND (PL or MDS or BLE or HAM)) OR (StochSell AND (BRE or DCC or EDS));
/* Buy and Sell */
Buy = iif((StochBuy > 0) AND (PL + MDS + HAM + BLE > 0), 1, 0);
Sell = iif((StochSell > 0) AND (BRE + DCC + EDS > 0), 1, 0);