BearishEngulfing.efs EFSLibrary - Discussion Board
File Name: BearishEngulfing.efs
Description:
Bearish Engulfing
Formula Parameters:
Font: Arial Narrow
Font Size: 11
Font and Shape Color: Green
Font BgColor: White
Notes:
This is a bearish candlestick reversal pattern formed by two candlesticks. Following an uptrend, the first candlestick is a up candlestick which is followed by a down 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:
BearishEngulfing.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: Bearish 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 bearish candlestick reversal pattern formed by two candlesticks. Following an uptrend, the first candlestick is a up candlestick which is followed by a down 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("Bearish 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_BearishEngulfing(sFont, nFontSize, cFontColor, cFontBgColor); return; } function Find_BearishEngulfing(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 (Close1 > Open1 && Open > Close && Open >= Close1 && Open1 >= Close && (Open - Close) > (Close1 - Open1)) { drawTextRelative(0, AboveBar2, "BeEng", cFontColor, cFontBgColor, Text.PRESET | Text.CENTER, sFont, nFontSize, "T"+nID); drawShapeRelative(0, AboveBar1, Shape.DOWNARROW, null, cFontColor, Shape.PRESET, "S"+nID); } else { removeText("T"+nID); removeShape("S"+nID); } return; }