PINE LIBRARY
CandleAnalysis
Library "CandleAnalysis"
A collection of frequently used candle analysis functions in my scripts.
isBullish(barsBack)
Checks if a specific bar is bullish.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is bullish, otherwise returns false.
isBearish(barsBack)
Checks if a specific bar is bearish.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is bearish, otherwise returns false.
isBE(barsBack)
Checks if a specific bar is break even.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is break even, otherwise returns false.
getBodySize(barsBack, inPriceChg)
Calculates a specific candle's body size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the body size as a price change value. The default is false (in points).
Returns: The candle's body size in points.
getTopWickSize(barsBack, inPriceChg)
Calculates a specific candle's top wick size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the wick size as a price change value. The default is false (in points).
Returns: The candle's top wick size in points.
getBottomWickSize(barsBack, inPriceChg)
Calculates a specific candle's bottom wick size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the wick size as a price change value. The default is false (in points).
Returns: The candle's bottom wick size in points.
getBodyPercent(barsBack)
Calculates a specific candle's body size as a percentage of its entire size including its wicks.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: The candle's body size percentage.
isHammer(fib, bullish, barsBack)
Checks if a specific bar is a hammer candle based on a given fibonacci level.
Parameters:
fib (float): (float) The fibonacci level to base candle's body on. The default is 0.382.
bullish (bool): (bool) True if the candle must to be green. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a hammer candle, otherwise returns false.
isShootingStar(fib, bearish, barsBack)
Checks if a specific bar is a shooting star candle based on a given fibonacci level.
Parameters:
fib (float): (float) The fibonacci level to base candle's body on. The default is 0.382.
bearish (bool): (bool) True if the candle must to be red. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a shooting star candle, otherwise returns false.
isDoji(wickSize, bodySize, barsBack)
Checks if a specific bar is a doji candle based on a given wick and body size.
Parameters:
wickSize (float): (float) The maximum top wick size compared to the bottom and vice versa. The default is 1.5.
bodySize (float): (bool) The maximum body size as a percentage compared to the entire candle size. The default is 5.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a doji candle.
isBullishEC(gapTolerance, rejectionWickSize, engulfWick, barsBack)
Checks if a specific bar is a bullish engulfing candle.
Parameters:
gapTolerance (int)
rejectionWickSize (int): (int) The maximum top wick size compared to the body as a percentage. The default is 10.
engulfWick (bool): (bool) True if the engulfed candle's wick requires to be engulfed as well. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a bullish engulfing candle.
isBearishEC(gapTolerance, rejectionWickSize, engulfWick, barsBack)
Checks if a specific bar is a bearish engulfing candle.
Parameters:
gapTolerance (int)
rejectionWickSize (int): (int) The maximum bottom wick size compared to the body as a percentage. The default is 10.
engulfWick (bool): (bool) True if the engulfed candle's wick requires to be engulfed as well. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a bearish engulfing candle.
A collection of frequently used candle analysis functions in my scripts.
isBullish(barsBack)
Checks if a specific bar is bullish.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is bullish, otherwise returns false.
isBearish(barsBack)
Checks if a specific bar is bearish.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is bearish, otherwise returns false.
isBE(barsBack)
Checks if a specific bar is break even.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar is break even, otherwise returns false.
getBodySize(barsBack, inPriceChg)
Calculates a specific candle's body size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the body size as a price change value. The default is false (in points).
Returns: The candle's body size in points.
getTopWickSize(barsBack, inPriceChg)
Calculates a specific candle's top wick size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the wick size as a price change value. The default is false (in points).
Returns: The candle's top wick size in points.
getBottomWickSize(barsBack, inPriceChg)
Calculates a specific candle's bottom wick size.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
inPriceChg (bool): (bool) True to return the wick size as a price change value. The default is false (in points).
Returns: The candle's bottom wick size in points.
getBodyPercent(barsBack)
Calculates a specific candle's body size as a percentage of its entire size including its wicks.
Parameters:
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: The candle's body size percentage.
isHammer(fib, bullish, barsBack)
Checks if a specific bar is a hammer candle based on a given fibonacci level.
Parameters:
fib (float): (float) The fibonacci level to base candle's body on. The default is 0.382.
bullish (bool): (bool) True if the candle must to be green. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a hammer candle, otherwise returns false.
isShootingStar(fib, bearish, barsBack)
Checks if a specific bar is a shooting star candle based on a given fibonacci level.
Parameters:
fib (float): (float) The fibonacci level to base candle's body on. The default is 0.382.
bearish (bool): (bool) True if the candle must to be red. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a shooting star candle, otherwise returns false.
isDoji(wickSize, bodySize, barsBack)
Checks if a specific bar is a doji candle based on a given wick and body size.
Parameters:
wickSize (float): (float) The maximum top wick size compared to the bottom and vice versa. The default is 1.5.
bodySize (float): (bool) The maximum body size as a percentage compared to the entire candle size. The default is 5.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a doji candle.
isBullishEC(gapTolerance, rejectionWickSize, engulfWick, barsBack)
Checks if a specific bar is a bullish engulfing candle.
Parameters:
gapTolerance (int)
rejectionWickSize (int): (int) The maximum top wick size compared to the body as a percentage. The default is 10.
engulfWick (bool): (bool) True if the engulfed candle's wick requires to be engulfed as well. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a bullish engulfing candle.
isBearishEC(gapTolerance, rejectionWickSize, engulfWick, barsBack)
Checks if a specific bar is a bearish engulfing candle.
Parameters:
gapTolerance (int)
rejectionWickSize (int): (int) The maximum bottom wick size compared to the body as a percentage. The default is 10.
engulfWick (bool): (bool) True if the engulfed candle's wick requires to be engulfed as well. The default is false.
barsBack (int): (int) The number of bars to look back. The default is 0 (current bar).
Returns: True if the bar matches the requirements of a bearish engulfing candle.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
Disclaimer
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