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What is the definition of Hammer and Shooting Star in the EA Wizzard?

1 replies

9 years ago #112678

Hello, 🙂

I have noticed, that I can use Candle Patterns in EA Wizzard, too.

My Question is:

What is the exact Definition of Hammer and Shooting Star in this Program?

I ask this, because there are many slightly different Definitions in the WWW.

Some People want to see the Close-Price exactly at the low or high of the Candle, some People accept a small wick, too.

Some people want to see a Candle that is 2 times bigger than the Body, some people even expect a Candle that is three times bigger……

Thank you very much for your explanation

Marc

9 years ago #126662

Hello,

you can see the exact algorithm for these candle patterns in the source code generated in the EA, look for functions named sqCandlePatternXXXX

Mark
StrategyQuant architect

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