I have a list of formulas for calculating candlestick patterns.
There are a few expressions that I do not know the meaning of.
Here is an example:
Bullish Engulfing
O1 > C1 AND 10 * (C - O) >= 7 * (H - L) AND C > O1 AND C1 > O AND 10 * (H - L) >= 12 * (AVGH10 - AVGL10)
At the very end of the formula 12 * (AVGH10 - AVGL10)
what does AVGH10
and AVGL10
mean?
More specifically what does the number 10 represent?
Candles? Or is it just an arbitrary number?
If it is just a number the expression would result in a 0 since we have an average of a single number which would be the number itself, so we would end up with 12 * (10 - 10) = 0. So that can't be it.
In another example:
Meeting Lines
C1 < O1 AND H1 - L1 > AVGH21.1 - AVGL21.1 AND O1 < MINL3.3 AND C > O AND 100 * ABS(C / C1 - 1) < 1
Here AVGH
and AVGL
are floating numbers.
Additionaly there is also MINL3.3
. What does MINL3.3
mean?
Bonus question
Doji Dragonfly
50 * ABS(O - C) <= H - L AND STOC1 >= 70 AND H - L >= AVGH10 - AVGL10 AND L = MINL10
What is STOC1
?
Well the answer is partly in the documentation
AVGH10, 10 stands for the previous 10 candles.
STOC1 stands for the value of the 1st line of the Simple Stochastic oscillator
The floating numbers in expressions like AVGH20.1 remain a mystery