Bearish Meeting Lines [DML]

Descripton

Rules:
1. The first candlestick is a long green candlestick.
2. The second candlestick is a long red candlestick which opens above the high of the first candlestick and closes near the close of the first candlestick.

Pattern Type:
Bearish Reversal.

Variables

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

OnInitialize

Function Parameters
Type	Identifier	Description
Symbol	symbolIndex	Use for the underlying symbol index on which to calculate the Bearish Meeting Lines.
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 1]
Number	maxCloseDifference	Use for the maximum percentage difference between the candlestick close prices. [Default 0.2]
Implementation
' Assign the parameters to script variables. _symbolIndex = symbolIndex _minCandleSize = minCandleSize _maxCloseDifference = maxCloseDifference

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, 2) ' Get the highest prices of the symbol, indexed by bar index. Define high() As Number = BarHigh(_symbolIndex, barIndex, 2) ' Get the lowest prices of the symbol, indexed by bar index. Define low() As Number = BarLow(_symbolIndex, barIndex, 2) ' Get the closing prices of the symbol, indexed by bar index. Define close() As Number = BarClose(_symbolIndex, barIndex, 2) ' Check whether the first candlestick matches. If (open(1) < close(1) And (100 * (close(1) - open(1)) / open(1) > _minCandleSize)) Then ' Check whether the second candlestick matches. If (open(0) > close(0) And _ open(0) > high(1) And _ (100 * (open(0) - close(0)) / close(0) > _minCandleSize) And _ 100 * MathAbs((close(0) - close(1)) / close(1)) < _maxCloseDifference) Then Return 2 End If End If Return 0