Bullish Separating Lines [USL]

Descripton

Rules:
1. The first candlestick is a long red candlestick.
2. The second candlestick is a long green candlestick which opens at the open 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 Separating 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	_maxOpenDifference	Use for the maximum percentage difference between the candlestick open prices.

OnInitialize

Function Parameters
Type	Identifier	Description
Symbol	symbolIndex	Use for the underlying symbol index on which to calculate the Bullish Separating 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	maxOpenDifference	Use for the maximum percentage difference between the candlestick open prices. [Default 0.2]
Implementation
' Assign the parameters to script variables. _symbolIndex = symbolIndex _minCandleSize = minCandleSize _maxOpenDifference = maxOpenDifference

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