LongWhiteForm

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Related Topics

 

 

Description

This function determines whether an up day qualifies as a long form. The real body must be greater than the CLONGREAL constant, or 60 percent. You can adjust this test by modifying the CLONGREAL constant.

 

 

Formulas

LongWhiteForm(instrument, targetBar)={

  return = FALSE

  if BodyPercent(instrument, targetBar) > CLONG then {

    if RealBody(instrument, targetBar) > CLONGREAL then {

      if vchart(instrument.last[GetBar(targetBar)]) > vchart(instrument.open[GetBar(targetBar)]) then return = TRUE

    }

  }

  return

}

 

 

Parameters

instrument

An instrument.

 

targetBar

The index of the bar you want to evaluate. 0 is the current bar, 1 is the first bar back, etc.

 

 

Return Value

TRUE or FALSE

 

 

Examples

...

    if LongWhiteForm($1, targetBar) == TRUE then begin

...

 

 

Comments

NA

 

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