It's trivial with C# code, but if you're looking for a drag and drop rule, we can mock up a Candle Pattern in the Candlestick Genetic Evolver extension. So, start there and install this -
https://www.wealth-lab.com/extension/detail/Candlesticks
It's not set up to manually create your own patterns, but you can do it if you know the codes (documentation we should work on).
Here's a start on your Pin Bar Bottom...
1. Open the the Wealth-Lab User Data Folder
2. Close Wealth-Lab
3. Open CandlePatterns.txt and add this line to the bottom
PinBarBottom=BL:S.BC:W.SL:-L.T:D
4. Save the file and close it.
Meanings of these codes are:
- BL:S = Body Length is Short
- BC:W = Body Color is White
- SL:-L = Shadow Length is Lower, Long
- T:D = Trend is Down
Now, you can select PinBarBottom from the Candlestick Pattern condition -
https://www.wealth-lab.com/extension/detail/Candlesticks
It's not set up to manually create your own patterns, but you can do it if you know the codes (documentation we should work on).
Here's a start on your Pin Bar Bottom...
1. Open the the Wealth-Lab User Data Folder
2. Close Wealth-Lab
3. Open CandlePatterns.txt and add this line to the bottom
PinBarBottom=BL:S.BC:W.SL:-L.T:D
4. Save the file and close it.
Meanings of these codes are:
- BL:S = Body Length is Short
- BC:W = Body Color is White
- SL:-L = Shadow Length is Lower, Long
- T:D = Trend is Down
Now, you can select PinBarBottom from the Candlestick Pattern condition -
To complete the setup, you'll probably want to add that the Low should be the Lowest 20-bar low or something like that.
I don't see a file named CandlePatterns.txt - I see a file named ChartPatterns.txt
Right. You'll need to run the Candlestick Genetic Evolver and save an evolved pattern to get that file to show...
1. Menu: Extensions > Candlestick Genetic Evolver
2. Load some data
3. Hit Start, then Stop
4. On the Genetically Evolved Patterns tab, right click on any pattern and "Add to Pattern Library". You don't have to change the name, and you can delete it later.
5. Close Wealth-Lab and do the procedure above.
1. Menu: Extensions > Candlestick Genetic Evolver
2. Load some data
3. Hit Start, then Stop
4. On the Genetically Evolved Patterns tab, right click on any pattern and "Add to Pattern Library". You don't have to change the name, and you can delete it later.
5. Close Wealth-Lab and do the procedure above.
Can I have it please when the the Body is Black/Red also?
Also, Is it possible to have it with the Wick at the top? It doesn't matter what color the body is
A Pin Bar occurs when the wick exceeds the body by at least two-thirds (2/3).
Please accept my sincere thanks for your excellent support
Also, Is it possible to have it with the Wick at the top? It doesn't matter what color the body is
A Pin Bar occurs when the wick exceeds the body by at least two-thirds (2/3).
Please accept my sincere thanks for your excellent support
All the Candle Codes are now shown in the User Guide with examples.
Extensions > Candlesticks > Candle Codes
PinBarBottom=BL:S.SL:-L.T:D (Just removed the Body color code)
PinBarTop=BL:S.SL:+L.T:U (Long upper shadow in an Up Trend)
Extensions > Candlesticks > Candle Codes
PinBarBottom=BL:S.SL:-L.T:D (Just removed the Body color code)
PinBarTop=BL:S.SL:+L.T:U (Long upper shadow in an Up Trend)
Missing the Guide
Sorry about that - we missed updating the Candlesticks extension with the last round of builds that has that topic.
Here's a picture for reference -
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