Targeting Your Pattern

[jmingt]

Jason, I am unable to utilize the forumula output window as diescribed in your instructions in the information on Targeting Your pattern. Any suggestions?
Thanks

[eSignal_JasonK]

Hello jmingt,

In general, after applying the formula to a chart, you should see some bars with a text label above the bar like below.



If you double-left click on one of the text labels and you have the Formula Output Window (Tools-->EFS menu) open you should see some statistics like below.



Please give me some more specific details describing the steps you have taken and what you are seeing on your end. What symbol and interval are you using? What pattern codes are you using in the study? Are you using eSignal version 7.9 or higher?

[jmingt]

Targeting your pattern

I tried this again using a 3 min. chart and it worked. We are going to try to use some of these in a script. I really appreciate your answer,
Thanks,
Jerry D.

[jmingt]

Targeting Your Pattern

Can bars be only placed one at a time or coud one create a pattern of groups of bars as the article may have indicated. Example could one have an outside bar followed with a bar with a lower close.

Or do you have to make this into individual pattern for each bar and then look for the color combination?
Thanks Again,
Jerry D.

[eSignal_JasonK]

Hello Jerry,

If you're asking if more than one code can be placed on a single bar, then no. Based on how the pattern codes are created, each bar will only have one code. The study only looks at the previous bar's zones to establish the pattern code for the following bar. If you are trying to identify particular pattern codes that appear on sequential bars, you could enter multiple pattern codes to be identified through Edit Studies and then look for those instances on the chart. To modify the formula to do this programmatically you could make the sCode variable a global and add another new global variable called sCode1. sCode1 would be used to store the previous bar's code so that you could compare it to the current bar's code to identify the instances where two different codes appear on sequential bars.

// global vars
var sCode = null;
var sCode1 = null;

function main() {
    .
    .
    .
    var nState = getBarState();
    if (nState == BARSTATE_NEWBAR) {
        sCode1 = sCode;
    }

    sCode = getPattern();  // remove the 'var' here
    .
    .
    .

    if (sCode1 == "3351" && sCode == "3333") {
        // your code here
    }
    
    .
    .
    .
} 

[Doji3333]

Hey Jason...

Where do I get this script?? It looks interesting... Would like to check it out..

[eSignal_JasonK]

Hi Brad,

This is one of the Stocks and Commodities magazine formulas, which can be found in our EFS Library in the EFS Knowledgebase.

2005 Jul: Targeting Your Pattern (msTwoBarPatterns.efs)