Candlestick Identification_MT4_In





/*-----------------------------+
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| Shared by www.Aptrafx.com    |
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+------------------------------*/

#property  copyright "VMesquita"
#property  indicator_chart_window	  // an indicator is drawn in the main chart window
#property  indicator_buffers 1
int limit;
int init ()
  {
//----
   return(0);
  }
int deinit()
  {
   return(0);
  }
int start()
	{
   double O,C,H,L,O1,C1,H1,L1,O2,C2,H2,L2;
   string text;
   int counted_bars=IndicatorCounted();
   limit=Bars-counted_bars;
   //---- check for possible errors
   if(counted_bars<0) {
	  Alert("No Bars..");
	  return(-1);
   }
   //---- last counted bar will be recounted
   for(int i=1; i<limit; i++) {
	  O=iOpen(NULL,0,i);
	  C=iClose(NULL,0,i);
	  H=iHigh(NULL,0,i);
	  L=iLow(NULL,0,i);
	  
	  O1=iOpen(NULL,0,i-1);
	  C1=iClose(NULL,0,i-1);
	  H1=iHigh(NULL,0,i-1);
	  L1=iLow(NULL,0,i-1);
	  O2=iOpen(NULL,0,i+1);
	  C2=iClose(NULL,0,i+1);
	  H2=iHigh(NULL,0,i+1);
	  L2=iLow(NULL,0,i+1);

	  
	  
	  text="";	 
	 if(((H-L)>4*(O-C))&&((C-L)/(0.001+H-L)>=0.75)&&((O-L)/(0.001+H-L)>=0.75)) text="Hang";
	 if(((H-L)>3*(O-C))&&((C-L)/(0.001+H-L)>0.6)&&((O-L)/(0.001+H-L)>0.6)) text="Hammer";
	 if(((H-L)>3*(O-C))&&((H-C)/(0.001+H-L)>0.6)&&((H-O)/(0.001+H-L)>0.6)) text="IHammer";
	 if((O2>C2)&&((O2-C2)/(0.001+H2-L2)>0.6)&&(C2>O1)&&(O1>C1)&&((H1-L1)>(3*(C1-O1)))&&(C>O)&&(O>O1)) text="MStar";
	  if((O>C)&&(H==O)&&(C==L)) text="LMarubozu";
	  if((C>O)&&(H==C)&&(O==L)) text="HMarubozu";
	 if((C1==O1)&&(C2>O2)&&(O>C)&&(L1>H2)&&(L1>H)) text="ABaby";
	 if((C1==O1)&&(O2>C2)&&(C>O)&&(L2>H1)&&(L>H1)) text="ABaby";
	 if((C2>O2)&&((C2-O2)/(0.001+H2-L2)>0.6)&&(C2<O1)&&(C1>O1)&&((H1-L1)>(3*(C1-O1)))&&(O>C)&&(O<O1)) text="EStar";
	 if((C1>O1)&&(((C1+O1)/2)>C)&&(O>C)&&(O>C1)&&(C>O1)&&((O-C)/(0.001+(H-L))>0.6)) text="DCloud";
	 if((C1>O1)&&(O>C)&&(O>=C1)&&(O1>=C)&&((O-C)>(C1-O1))) text="Engulf";
	 if((O1>C1)&&(C>O)&&(C>=O1)&&(C1>=O)&&((C-O)>(O1-C1))) text="Engulf";
	 if((O1>C1)&&(C>O)&&(C<=O1)&&(C1<=O)&&((C-O)<(O1-C1))) text="Harami";
	 if((C1>O1)&&(O>C)&&(O<=C1)&&(O1<=C)&&((O-C)<(C1-O1))) text="Harami";
	 if((C1<O1)&&(((O1+C1)/2)<C)&&(O<C)&&(O<C1)&&(C<O1)&&((C-O)/(.001+(H-L))>0.6)) text="Piercing";
	 if((C>O*1.01)&&(C1>O1*1.01) &&(C2>O2*1.01) &&(C>C1) &&(C1>C2) &&(O<C1&&O>O1) &&(O1<C2&&O1>O2) &&(((H-C)/(H-L))<0.2) &&(((H1-C1)/(H1-L1))<0.2)&&(((H2-C2)/(H2-L2))<0.2)) text="Three White Soldiers";
	 if(((H-L)>4*(O-C))&&((H-C)/(0.001+H-L)>= 0.75)&&((H-O)/(0.001+H-L)>=0.75)) text="SStar";
	  if(C==O) text="Doji";
	  //If we found a special candlem write in the Chart
	  if(text!="")
	  {
	  ObjectCreate(DoubleToStr(i,0)+" label", OBJ_TEXT, 0, Time[i], H);
	  ObjectSetText(DoubleToStr(i,0)+" label", text, 8, "Arial", Red);
	  }
	}
}



Sample





Analysis



Market Information Used:

Series array that contains open prices of each bar
Series array that contains close prices for each bar
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains open time of each bar


Indicator Curves created:


Indicators Used:



Custom Indicators Used:

Order Management characteristics:

Other Features:

It issuies visual alerts to the screen