Blown Top (reversal candle)

[Chuck]

Reversal Candles (Saikou / Hikui) Trend Change:

• Saikou means reversal to the downside. (Supreme Candle)
• Hikui means reversal to the upside. (low/humble Candle)

#
# Blown Top (Reversal Candle)
# Mobius
# V01.02.2015 Shared Chat Room 01.16.2016

input n = 10;
input n2 = 5;

def o = open;
def h = high;
def l = low;
def c = close;
def RelRange = (close - Lowest(low, n)) /
    (highest(high, n) - lowest(low, n)) > .8;
def Range = High - Low;
def hR = Range == GetValue(Range, GetMaxValueOffset(range, n), n);
def hh = high == GetValue(high, GetMaxValueOffset(high, n), n);
def bodyTop = Max(close, open);
def BlownTop = (high - bodyTop) > .75 * Average(BodyHeight(), n);
plot HighRB = RelRange and hR and hh and BlownTop and Low < Low[1] and close < open;
     HighRB.SetPaintingStrategy(PaintingStrategy.Boolean_Arrow_Down);
     HighRB.SetLineWeight(2);
     HighRB.SetDefaultColor(Color.Plum);
AddChartBubble(HighRB, High + (TickSize() * 4), "BlownTop", Color.Gray, yes);

# Saikou / Hikui Candles that indicate a reveresal in trend
# Candle Pattern originated by Mobius
#Saikou (Supreme Candle)   Hikui (low/humble Candle)
# V01.2014

plot Saikou = h == GetValue(h, GetMaxValueOffset(h, n2), n2) and
              c < c[2] and
              isLongBlack() and
              BodyHeight() > Average(BodyHeight(), n2) and
              l <= getValue(l, GetMaxValueOffset(l, n2), n2);
     Saikou.SetPaintingStrategy(PaintingStrategy.Boolean_Arrow_Down);
     Saikou.SetLineWeight(3);
     Saikou.SetDefaultColor(Color.Plum);
AddChartBubble(Saikou, High + (TickSize() * 4), "Saikou", Color.Gray, yes);
plot Hikui = l == GetValue(l, GetMinValueOffset(l, n2), n2) and
             c > c[2] and
             BodyHeight() > Average(BodyHeight(), n2) and
             h > h[1];
     Hikui.SetPaintingStrategy(PaintingStrategy.Boolean_Arrow_Up);
     Hikui.SetLineWeight(3);
     Hikui.SetDefaultColor(Color.White);
AddChartBubble(Hikui, low - (TickSize() * 10), "Hikui", Color.Gray, no);
# End Reversal Candles

Scanner

input n = 10;
input n2 = 5;
def o = open;
def h = high;
def l = low;
def c = close;
def RelRange = (close – Lowest(low, n)) / (highest(high, n) – lowest(low, n)) > .8;
def Range = High – Low;
def hR = Range == GetValue(Range, GetMaxValueOffset(range, n), n);
def hh = high == GetValue(high, GetMaxValueOffset(high, n), n);
def bodyTop = Max(close, open);
def BlownTop = (high – bodyTop) > .75 * Average(BodyHeight(), n);
plot HighRB = RelRange and hR and hh and BlownTop and Low < Low[1] and close < open;
# Saikou / Hikui Candles that indicate a reveresal in trend # Candle Pattern originated by Mobius #Saikou (Supreme Candle) Hikui (low/humble Candle) # V01.2014
#plot Saikou = h == GetValue(h, GetMaxValueOffset(h, n2), n2) and c < c[2] and isLongBlack() and BodyHeight() > Average(BodyHeight(), n2) and l <= getValue(l, GetMaxValueOffset(l, n2), n2);
#plot Hikui = l == GetValue(l, GetMinValueOffset(l, n2), n2) and c > c[2] and BodyHeight() > Average(BodyHeight(), n2) and h > h[1];

The Saikou plot and the Hikui plot are commented out. In order to scan for the Saikou pattern, you will comment out the HighRB and remove the comment mark from the Saikou plot. Likewise for the third pattern.