Bullish Homing Pigeon [UHP]

Descripton

Rules:
1. The first candlestick is a red green candlestick.
2. The second candlestick is a red candlestick which opens in the body range of the first candlestick and closes in the body range of the first candlestick.

Pattern Type:
Bullish Reversal.

Variables

Type	Identifier	Description
Integer	_symbolIndex	Use for the underlying symbol index on which to calculate the Bullish Homing Pigeon .
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 2]
Number	_maxShortCandleSize	Use for the maximum percentage change (open to close) that a candlestick can change in order to be considered a short candlestick.

OnInitialize

Function Parameters
Type	Identifier	Description
Symbol	symbolIndex	Use for the underlying symbol index on which to calculate the Bullish Homing Pigeon .
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	maxShortCandleSize	Use for the maximum percentage change (open to close) that a candlestick can change in order to be considered a short candlestick. [Default 1]
Implementation
' Assign the parameters to script variables. _symbolIndex = symbolIndex _minCandleSize = minCandleSize _maxShortCandleSize = maxShortCandleSize

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 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) < open(1) And _ close(0) > close(1) And _ -100 * (close(0) - open(0)) / open(0) < _maxShortCandleSize) Then Return 2 End If End If Return 0