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Candlestick pattern improvement (Unique space)


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Candlestick pattern improvement (Unique space)

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ElChacal's Avatar
 ElChacal 
Houston, TX
 
Experience: Intermediate
Platform: NinjaTrader TWS Barchart
Broker: IB / IB
Trading: SPY, QQQ
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Hello everybody,

I have been tweaking candlestick patterns for some time now and I am trying to come up with a good pattern recognition indicator to trade them as "systematically" as possible. After I watched the below video from one of the "Naked Trading" authors, I would like to try his 3rd rule on "Unique Space" in my indicator.

I am wondering if somebody could help me or provide some guidance with this code: I would like to know if price (LineOnClose may be a good idea?) has touched a "level" on the previous "xx bars" (maybe 20 bars ago for starters?)

All input is very much appreciated, the referred video below:




Thanks!
Carlos

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  #3 (permalink)
 
ElChacal's Avatar
 ElChacal 
Houston, TX
 
Experience: Intermediate
Platform: NinjaTrader TWS Barchart
Broker: IB / IB
Trading: SPY, QQQ
Posts: 418 since Nov 2014
Thanks Given: 473
Thanks Received: 278


Nevermind, I found the answer to my question on the below thread. Duh!


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Last Updated on February 8, 2015


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