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Description |
A Rickshaw Mani is a Doji with an upper shadow. The Real Body is approximately at the center of the range. |
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Formula |
RickshawMan(INPUT, CentsDifference=.02)=begin retval = NONUM targetBar = 0 rbHigh = RealBodyHigh($1, targetBar) tQtr = BodyTopQuarter($1, targetBar) bQtr = BodyBottomQuarter($1, targetBar)
if StarForm($1, targetBar) then begin if tQtr > rbHigh AND bQtr < rbHigh then retval = 'Rickshaw Man'|clr_gray|below|ftiny|vertical|arrow end retval end |
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Parameters |
INPUT The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.
CentsDifference Since stocks and many other instruments rarely have identical openings and closings, the CentsDifference parameter provides a way to include candlesticks that are nearly satisfactory. The default is .02, or two cents. |
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Return Value |
The string plot for a Rickshaw Man is "Rickshaw Man" rendered in gray below the candlestick. |
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Examples |
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Comments |
This overlay uses a ratio between the high low range and the real body length to determine whether a candlestick is Doji. See LongLeggedDoji for an alternative method of identifying this pattern. |
©2008 Aspen Research Group, Ltd. All rights reserved. Terms of Use.
