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Bearish Engulfing Pattern

  • #1
  • First Post: Oct 9, 2009 8:08am Oct 9, 2009 8:08am
Does anyone have some ready code for a bearish engulfing pattern..

I am trying to write this and it is somewhat harder than I first thought.

I have a mile of code that is pretty ugly
  • #2
  • Oct 9, 2009 9:58am Oct 9, 2009 9:58am
Fairly simple...


Inserted Code
string BearishEngulfing = "Not Found";

if(Close[1] > Open[1] &&  //Check if the previous was was an long bar
Close[0] < Open[0] && //Check if the current bar is a short bar
High[0] > High[1] && //Check to see if the high of the current bar is greater than the previous bar
Low[0] < Low[1]) //Check to see if the low of the current bar is lower than the low of the previous bar. 

BearishEngulfing = "Found";


if(BearishEngulfing == "Found") OrderSend(...)
  • #3
  • Oct 9, 2009 10:19pm Oct 9, 2009 10:19pm
Thanks for your effort.. much appreciated.

I have come up with this because I need to run it on a different Period and unless the pattern occurs at a market high, the value of the signal is diminished somewhat. It is not very tidy but it is the best I can think of for my purpose

Inserted Code
bool  BearDAY= (iOpen(NULL,PERIOD_D1,1) >= iClose(NULL,PERIOD_D1,1));
double Highest5DayOpn= iOpen(NULL,1440, iHighest(NULL,1440, MODE_OPEN,5,1)); 
double HiLowDelta_1=MathAbs(iOpen(NULL,PERIOD_D1,2)-iClose(NULL,PERIOD_D1,2));
double HiLowDelta_0=MathAbs(iOpen(NULL,PERIOD_D1,1)-iClose(NULL,PERIOD_D1,1)); 
double DifBullClsBearOpn = ((iClose(NULL,PERIOD_D1,2)-0.0002)-iOpen(NULL,PERIOD_D1,1));
double lastOpen =iOpen(NULL,PERIOD_D1,1);
bool MarketHigh = (lastOpen >= Highest5DayOpn);
BuyDenyLevel=160;

if (MarketHigh && BearDAY) 
 {
 if   ((HiLowDelta_0 >= 0.008)&& (HiLowDelta_0 >= HiLowDelta_1) && (DifBullClsBearOpn >=0)) BuyDenyLevel=0;//do not buy!
  }
  • #4
  • Oct 9, 2009 10:39pm Oct 9, 2009 10:39pm
What exactly are you trying to do?
  • #5
  • Last Post: Oct 9, 2009 10:47pm Oct 9, 2009 10:47pm
Quoting Ronald Raygun
What exactly are you trying to do?
I am using this code for 3 things..

1) deny buy now
2) close all buy orders as they stand
3) set a time-delay before any more buy orders are allowed.

It is a bearish engulfing pattern of more than 80 pips at a market high...its a better than good bet is the trend is down for a minimum of the next 3 days.
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