BullishEngulfing.efs
EFSLibrary - Discussion Board
File Name: BullishEngulfing.efs
Description:
Bullish Engulfing
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, the first candlestick is a down candlestick which is followed by an up candlestick which has a long real body that engulfs or contains the real body of the prior bar. The Engulfing pattern is the reverse of the Harami pattern.
Download File:
BullishEngulfing.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:
Bullish Engulfing
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,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
**********************************/
var fpArray = new Array();
function preMain() {
setPriceStudy(true);
setStudyTitle("Bullish Engulfing");
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_BullishEngulfing(sFont, nFontSize, cFontColor, cFontBgColor);
return;
}
function Find_BullishEngulfing(sFont, nFontSize, cFontColor, cFontBgColor) {
var nState = getBarState();
var Open = open(0);
var Close = close(0);
var Open1 = open(-1);
var Close1 = close(-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 (Open1 > Close1 &&
Close > Open &&
Close >= Open1 &&
Close1 >= Open &&
(Close - Open) > (Open1 - Close1)) {
drawTextRelative(0, BelowBar2, "BuEng", 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;
}