crazynou
Pine Script Rookie
Pine Script Rookie
Posts: 4
Joined: October 3rd, 2023

a good Engulfing Candle script need to be converted

hello,

im new here
i need to convert this script from v2 to v5

thank you.

//@version2
// Name: Candlestick Trend Indicator v0.5 by JustUncleL
// By: JustUncleL
// Date: 12-Aug-2016
// Version: v0.5
//
// Description:
// This is a trend following indicator+stategy for Binary Options
// based on Candlestick patterns and trend line -
// NOTE: original system was a forex trading system.
// This code combines a number of indicators to create an overall
// trading strategy.
// The indicator recognises and displays some useful candle named
// defined patterns that are used to support trend continuation:
// - Bearish + Bullish PinBars
// - Dark Cloud Cover
// - Piecing Line
// - Bullish + Bearish Harami
// - Bullish + Bearish Engulfing Candle
// - Bullish + Bearish Fractal S/R break
// Also recognises price action candles from ChrisMoody (CM),
// Four(4) price action patterns colored bars:
// Yellow = Inside Bar - breakout/continuance
// Orange = Outside Bar - breakout/continuance
// Aqua/Fuschia = Up/Down Shaved Bars - Buying/Selling pressure
// Red/Green = Possible reversal PinBars - Reverse Down / reverse Up.
//
// The highlighted candles (maroon and darker green) are the
// other patterns that are confirmed bars following the current
// trend direction that is indicated by the Hull MA(20) line
// (can select a different type of MA) and confirmed by MACD direction.
// An alert generated for the alert condition of the alarming system.
// The fractal upper/lower break lines are also draw, if the last
// fractal break line is broken by a highlighted bar then this
// indicates a stronger trend conformation.
// The MACD indicator MACD DEUTER 2 colour(12,26,9) you can visually see the MACD histogram
// colours with MACD direction - needs "MACD DEUTER 2 colour" indicator.
//
// This multi-indicator set up is suitable for 1hr, 4hr and daily charts
// with 1-4 candle expiry.
//
// references:
// - [RS]Fractal Levels by RicardoSantos
// - Almost Zero Lag EMA [LazyBear]
// - Candlestick Patterns With EMA by rmwaddelljr
// - CM_Price-Action-Bars by ChrisMoody
// - http://www.forexstrategiesresources.com/candlestick-forex-strategies/1-candlestick-trend/
// - "Scalp Jockey - MTF MA Cross Visual Strategizer by JayRogers"
//
// Modifications:
// 0.5 Added Option to select what pattern types will be displayed
// and used in setting the confirmed alert condition.
// Added option to select a different moving average type. (31-Oct-16)
// Modified some default settings, using HullMA instead of Zero Lag MA
// and standard MACD settings(12,26,9).
// 0.4.1 Added fractal break as a named Price Action bar. (21-Oct-16)
// 0.4 - Corrected input double up on Reversal Pin Bars.
// Added optional coloured Circle dots at bottom of screen to indicate when
// alert condition is set, only after bar closed.
// Added optional MACD filtering on alert condition, saves checking alert against
// MACD histogram.
// 0.3 - Corrected PinBar calculation for trend direction support.
// Modified Engulfing and Harami candles calculatios to be more accurately identified.
// Added optional reversal pin bars (red/green bars), so possible change in
// direction can be identified, this not part of the original alert though.
// Added option to show only bar patterns that are supporting current trend.
// Added option to enable Price action bars individually.
// Returned Dark Cloud Cover, Piecing Line and Pin Bars back into the named
// candle patterns.
// 0.2 - Removed all candle patterns except Harami and Engulfing candle patterns.
// Added and highlighted price action candles from CM for extra indication.
// Changed default ZEMA length from 15 to 20.
// Bug fixes. (14-Aug-2016)
// 0.1 - original beta release.
//
study(title="Candlestick Trend Indicator v0.5 by JustUncleL", shorttitle="CDLTRD v0.5 by JustUncleL", overlay=true, scale=scale.right)
//
// this section based on Almost Zero Lag EMA [LazyBear]
// Fast MA - type, length
matype = input(defval="HullMA", title="Fast MA Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HullMA, TMA, ZEMA ( case sensitive )", type=string)
malength = input(defval=20, title="Moving Average Length", minval=1)
src = input(close,title="Moving average Source")

// Returns MA input selection variant, default to SMA if blank or typo.
variant(type, src, len) =>
v1 = sma(src, len) // Simple
v2 = ema(src, len) // Exponential
v3 = wma(src, len) // Weighted
v4 = vwma(src, len) // Volume Weighted
v5 = na(v5[1]) ? sma(src, len) : (v5[1] * (len - 1) + src) / len // Smoothed
v6 = 2 * v2 - ema(v2, len) // Double Exponential
v7 = 3 * (v2 - ema(v2, len)) + ema(ema(v2, len), len) // Triple Exponential
v8 = wma(2 * wma(src, len / 2) - wma(src, len), round(sqrt(len))) // Hull
ema1 = ema(src, len)
ema2 = ema(ema1, len)
v10 = ema1+(ema1-ema2) // Zero Lag Exponential
v11 = sma(sma(src,len),len) // Trianglular
// return variant, defaults to SMA if input invalid.
type=="EMA"?v2 : type=="WMA"?v3 : type=="VWMA"?v4 : type=="SMMA"?v5 : type=="DEMA"?v6 : type=="TEMA"?v7 : type=="HullMA"?v8 : type=="ZEMA"?v10 : type=="TMA"?v11 : v1

// Calculate selected MA and get direction of trend from it.
zlema= variant(matype,src,malength)
col = zlema > zlema[1] ? green : red
up = zlema > zlema[1] ? 1 : 0
down = zlema < zlema[1] ? 1 : 0
plot(zlema,color=col, style=line, linewidth=4, transp=0)

// Find all Fractals.
// This section based on [RS]Fractal Levels by RicardoSantos
hidefractals = input(false)
hidelevels = input(false)
topfractal = high[2] > high[1] and high[2] > high and high[2] > high[3] and high[2] > high[4]
botfractal = low[2] < low[1] and low[2] < low and low[2] < low[3] and low[2] < low[4]

plotshape(hidefractals ? na : topfractal, color=green, transp=0, style=shape.triangleup, location=location.abovebar, offset=-2, size=size.tiny)
plotshape(hidefractals ? na : botfractal, color=red, transp=0, style=shape.triangledown, location=location.belowbar, offset=-2, size=size.tiny)

topfractals = topfractal ? high[2] : topfractals[1]
botfractals = botfractal ? low[2] : botfractals[1]

topfcolor = topfractals != topfractals[1] ? na : green
botfcolor = botfractals != botfractals[1] ? na : red

plot(hidelevels ? na : topfractals, color=topfcolor, transp=0, linewidth=2)
plot(hidelevels ? na : botfractals, color=botfcolor, transp=0, linewidth=2)

//
// This section based on Candlestick Patterns With EMA by rmwaddelljr
//
ufb = input(false, title="Use Fractal S/R Cross Patterns")
udc = input(true, title="Use Dark Cloud Cover Patterns" )
upl = input(true, title="Use Piecing Line Patterns" )
ube = input(true, title="Use Engulfing Candle Patterns" )
ubh = input(true, title="Use Harami Candle Patterns" )
upb = input(true, title="Use Defined PinBar Patterns")
pctP = input(66, minval=1, maxval=99, title="Directional PBars, % of Range of Candle the Long Wick Has To Be")
// This section based on CM_Price-Action-Bars by ChrisMoody
// Change the pin bar calculation, so can be used for market direction.
urpb= input(false, title="Use CM Price Action Reversal Pin Bars")
usb = input(false, title="Use CM Price Action Shaved Bars")
uob = input(false, title="Use CM Price Action Outside Bars")
uib = input(false, title="Use CM Price Action Inside Bars")
pctRP = input(72, minval=1, maxval=99, title="CM Reversal PBars, % of Range of Candle the Long Wick Has To Be")
pctS = input(5, minval=1, maxval=99, title="CM Shaved Bars, % of Range it Has To Close On The Lows or Highs")
pblb =input(6,minval=1,title="CM Reversal Pin Bar Lookback Length")
//
stnd = input(true, title="Alert Only Patterns Following Trend")
//
// Get MACD for Alert Filtering
umacd = input(true,title="Alert Only Patterns Confirmed by MACD")
fastMA = input(title="MACD Fast MA Length", type = integer, defval = 12, minval = 2)
slowMA = input(title="MACD Slow MA Length", type = integer, defval = 26, minval = 7)
signal = input(title="MACD Signal Length",type=integer,defval=9,minval=1)

//
sgb = input(false, title="Check Box To Turn Bars Gray")
salc = input(true, title="Show Alert condition Dot")
//
[currMacd,_,_] = macd(close[0], fastMA, slowMA, signal)
[prevMacd,_,_] = macd(close[1], fastMA, slowMA, signal)
plotColor = currMacd > 0
? currMacd > prevMacd ? green : red
: currMacd < prevMacd ? red : green

// Show alert on this bar?
sbarUp = (not umacd or plotColor==green) and (not stnd or up)
sbarDn = (not umacd or plotColor==red) and (not stnd or down)

//PBar Percentages
pctCp = pctP * .01

//Shaved Bars Percentages
pctCs = pctS * .01
pctSPO = pctCs
//ma50 = sma(close,50)

range = high - low

///Reversal PinBars
pctCRp = pctRP * .01
pctCRPO = 1 - pctCRp
//
//pBarRUp= upb and open<close and open > high - (range * pctCRPO) and close > high - (range * pctCRPO) and low <= lowest(pblb) ? 1 : 0
//pBarRDn = upb and open>close and open < high - (range * pctCRp) and close < high-(range * pctCRp) and high >= highest(pblb) ? 1 : 0
pBarRUp = urpb and open > high - (range * pctCRPO) and close > high - (range * pctCRPO) and low <= lowest(pblb) ? 1 : 0
pBarRDn = urpb and open < high - (range * pctCRp) and close < high-(range * pctCRp) and high >= highest(pblb) ? 1 : 0

//Shaved Bars filter to the MA50 line
sBarUp = usb and (close >= (high - (range * pctCs))) // and close>ma50
sBarDown = usb and (close <= (low + (range * pctCs))) // and close<ma50

//Inside Bars
insideBarUp = uib and (high < high[1] and low > low[1])
insideBarDn = uib and (high < high[1] and low > low[1])
outsideBarUp= uob and (high > high[1] and low < low[1])
outsideBarDn= uob and (high > high[1] and low < low[1])

// PinBars representing possible change in trend direction
barcolor(pBarRUp ? green : na)
barcolor(pBarRDn ? red : na)

//Shaved Bars
barcolor(sBarDown ? fuchsia : na)
barcolor(sBarUp ? aqua : na)

//Inside and Outside Bars
barcolor((insideBarUp or insideBarDn)? yellow : na )
barcolor((outsideBarUp or outsideBarDn) ? orange : na )


//Long shadow PinBars supporting market direction
///PinBars Long Upper Shadow represent selling pressure
pBarDn = upb and open < high - (range * pctCp) and close < high - (range * pctCp)
plotshape(pBarDn and (not pBarRUp and not pBarRDn), title= "Bearish Pin Bar", color=red, style=shape.arrowdown, text="Bearish\nPinBar")
///PinBars with Long Lower Shadow represent buying pressure
pBarUp = upb and open > low + (range * pctCp) and close > low + (range * pctCp)
plotshape(pBarUp and (not pBarRUp and not pBarRDn), title= "Bullish Pin Bar", location=location.belowbar, color=green, style=shape.arrowup, text="Bullish\nPinBar")

dcc = udc and (close[1]>open[1] and abs(close[1]-open[1])/range[1]>=0.7 and close<open and abs(close-open)/range>=0.7 and open>=close[1] and close>open[1] and close<((open[1]+close[1])/2))
plotshape(dcc, title="Dark Cloud Cover",text='DarkCloud\nCover',color=red, style=shape.arrowdown,location=location.abovebar)

pln= upl and (close[1]<open[1] and abs(open[1]-close[1])/range[1]>=0.7 and close>open and abs(close-open)/range>=0.7 and open<=close[1] and close<open[1] and close>((open[1]+close[1])/2))
plotshape(pln, title="Piercieng Line",text="Piercing\nLine",color=green, style=shape.arrowup,location=location.belowbar)

beh = ubh and (close[1] > open[1] and open > close and open <= close[1] and low >= open[1] and open - close < close[1] - open[1] and (high < high[1] and low > low[1]))
plotshape(beh and not dcc, title= "Bearish Harami", color=red, style=shape.arrowdown, text="Bear\nHarami")

blh = ubh and (open[1] > close[1] and close > open and close <= open[1] and high <= open[1] and close - open < open[1] - close[1] and (high < high[1] and low > low[1]))
plotshape(blh and not pln, title= "Bullish Harami", location=location.belowbar, color=green, style=shape.arrowup, text="Bull\nHarami")

bee = ube and (close[1] > open[1] and close < open and close<=low[1] and open>= close[1])
plotshape(bee, title= "Bearish Engulfing", color=red, style=shape.arrowdown, text="Bearish\nEngulf")

ble = ube and (close[1] < open[1] and close > open and close >= high[1] and open<=close[1])
plotshape(ble, title= "Bullish Engulfing", location=location.belowbar, color=green, style=shape.arrowup, text="Bullish\nEngulf")

blfr = ufb and crossover(close,topfractals)
plotshape(blfr and not ble and not blh and not sBarUp, title= "Bullish Fractal Cross", location=location.belowbar, color=green, style=shape.arrowup, text="Fractal\nCross")
befr = ufb and crossunder(close,botfractals)
plotshape(befr and not bee and not beh and not sBarDown, title= "Bearish Fractal Cross", color=red, style=shape.arrowdown, text="Fractal\nCross")

//
bcolorDn = sbarDn and not(pBarRDn or pBarRUp or sBarDown or insideBarDn or outsideBarDn) and (beh or bee or dcc or befr or pBarDn)
bcolorUp = sbarUp and not(pBarRDn or pBarRUp or sBarUp or insideBarUp or outsideBarUp) and (blh or ble or pln or blfr or pBarUp)
barcolor(bcolorDn ? maroon : na)
barcolor(bcolorUp ? lime : na)
//
barcolor(sgb and close ? gray : na)

//
barAlertDn = (sbarDn and (befr or bee or beh or pBarDn or dcc)) or (sbarDn and (insideBarDn or outsideBarDn or sBarDown)) or pBarRDn
barAlertUp = (sbarUp and (blfr or ble or blh or pBarUp or pln)) or (sbarUp and (insideBarUp or outsideBarUp or sBarUp)) or pBarRUp
barAlert = barAlertDn or barAlertUp
alertcondition(barAlert,title="CDLTRD Alert", message="CDLTRD Bar Alert")
// show only when alert condition is met and bar closed.
plotshape(salc and barAlert[1],title= "Alert Indicator Closed", location=location.bottom, color=barAlertDn[1]?red:green, transp=0, style=shape.circle,offset=-1)
//EOF

Steve Burman
Moderator
Moderator
Posts: 109
Joined: January 13th, 2023

Re: a good Engulfing Candle script need to be converted

I had a go doing this but it is quite complicated and failed. I suggest you contact the author and ask them to convert it.

crazynou
Pine Script Rookie
Pine Script Rookie
Posts: 4
Joined: October 3rd, 2023

Re: a good Engulfing Candle script need to be converted

Thank you Steve

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