Bearish Deliberation [DDE]

Descripton

Rules:
1. The first candlestick is a long green candlestick.
2. The second candlestick is a long green candlestick which opens above the open of the first candlestick and closes above the close of the first candlestick.
3. The third candlestick is a short green candlestick which opens above the close of the second candlestick.

Pattern Type:
Bearish Reversal.

Variables

Type	Identifier	Description
Integer	_symbolIndex	Use for the underlying symbol index on which to calculate the Bearish Deliberation .
Number	_minCandleSize	Use for the minimum percentage change (open to close) that a candlestick must change in order to be considered a long candlestick.

OnInitialize

Function Parameters
Type	Identifier	Description
Symbol	symbolIndex	Use for the underlying symbol index on which to calculate the Bearish Deliberation .
Number	minCandleSize	Use for the minimum percentage change (open to close) that a candlestick must change in order to be considered a long candlestick. [Default 0.5]
Implementation
' Assign the parameters to script variables. _symbolIndex = symbolIndex _minCandleSize = minCandleSize

OnPattern

Function Parameters
Type	Identifier	Description
Integer	barIndex
Implementation
' Get the opening prices of the symbol, indexed by bar index. Define open() As Number = BarOpen(_symbolIndex, barIndex, 3) ' Get the closing prices of the symbol, indexed by bar index. Define close() As Number = BarClose(_symbolIndex, barIndex, 3) ' Check whether the first candlestick matches. If (open(2) < close(2) And _ 100 * (close(2) - open(2)) / open(2) > _minCandleSize) Then ' Check whether the second candlestick matches. If (open(1) < close(1) And _ open(2) < open(1) And _ close(2) < close(1) And _ 100 * (close(1) - open(1)) / open(1) > _minCandleSize) Then ' Check whether the third candlestick matches. If (open(0) < close(0) And _ close(1) <= open(0) And _ 100 * (close(0) - open(0)) / open(0) < _minCandleSize) Then Return 3 End If End If End If Return 0