PiercingLine.efs
EFSLibrary - Discussion Board
File Name: PiercingLine.efs
Description:
Piercing Line
Formula Parameters:
- Font: Arial Narrow
- Font Size: 11
- Font and Shape Color: Green
- Font BgColor: White
Notes:
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend, an up candlestick with a long real body is followed by a lower open on the next candlestick. This session finishes as an up candlestick and closes above the midpoint of the prior candlestick's real body. It is the reverse of the Dark Cloud.
Download File:
PiercingLine.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2009. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Piercing Line
Version: 1.0 12/24/2009
Formula Parameters: Default:
Font Arial Narrow
Font Size 11
Font and Shape Color Green
Font BgColor White
Notes:
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend,
an up candlestick with a long real body is followed by a lower open on the next
candlestick. This session finishes as an up candlestick and closes above the midpoint
of the prior candlestick's real body. It is the reverse of the Dark Cloud.
**********************************/
var fpArray = new Array();
function preMain() {
setPriceStudy(true);
setStudyTitle("Piercing Line");
setShowCursorLabel(false);
setShowTitleParameters(false);
var x=0;
fpArray[x] = new FunctionParameter("nFontSize", FunctionParameter.NUMBER);
with(fpArray[x++]){
setName("Font Size")
setLowerLimit(6);
setDefault(11);
}
fpArray[x] = new FunctionParameter("cFontColor", FunctionParameter.COLOR);
with(fpArray[x++]){
setName("Font and Shape Color");
setDefault(Color.green);
}
fpArray[x] = new FunctionParameter("cFontBgColor", FunctionParameter.COLOR);
with(fpArray[x++]){
setName("Font BgColor");
setDefault(Color.white);
}
fpArray[x] = new FunctionParameter("sFont", FunctionParameter.STRING);
with(fpArray[x++]){
setName("Font");
setDefault("Arial Narrow");
}
}
function main(sFont, nFontSize, cFontColor, cFontBgColor) {
Find_PiercingLine(sFont, nFontSize, cFontColor, cFontBgColor);
return;
}
function Find_PiercingLine(sFont, nFontSize, cFontColor, cFontBgColor) {
var nState = getBarState();
var Open = open(0);
var Close = close(0);
var Open1 = open(-1);
var Close1 = close(-1);
var Low1 = low(-1);
var nID = getCurrentBarCount();
if (nState == BARSTATE_ALLBARS) {
if (sFont == null) sFont = "Arial Narrow";
if (nFontSize == null) nFontSize = 11;
if (cFontColor == null) cFontColor = Color.green;
if (cFontBgColor == null) cFontBgColor = Color.white;
}
if (Close1 < Open1 &&
Open < Low1 &&
Close > Close1 + ((Open1 - Close1) / 2) &&
Close < Open1) {
drawTextRelative(0, BelowBar2, "PLine", cFontColor, cFontBgColor, Text.PRESET | Text.CENTER, sFont, nFontSize, "T"+nID);
drawShapeRelative(0, BelowBar1, Shape.UPARROW, null, cFontColor, Shape.PRESET, "S"+nID);
} else {
removeText("T"+nID);
removeShape("S"+nID);
}
return;
}