Above the Stomach Candle Indicator for ThinkorSwim

BenTen

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> This is Thomas Bullkowski's best performing candle.

> Created by Mobius

> From Thomas Bullkowski's Candle Stick Patterns

> 10.12.2017 TheoTrade Chat Discussion

> Look for two candles in a downward price trend. The first one is black and the second is white. The body of the second should be at or above the middle of the first candle’s body. In other words, the opening and closing prices of the second day must be above the mid point of the first candle’s body.

thinkScript Code
Rich (BB code):
input BubbleOn = yes; 

 

def downTrend = isDescending(high[1], 3) and isDescending(low[1], 3); 

def AboveStomach = open > close[1] and close > high[1] and close > open; 

plot isTrue = if downtrend and 

                 AboveStomach 

              then low 

              else double.nan; 

     isTrue.SetPaintingStrategy(PaintingStrategy.Arrow_UP); 

     isTrue.SetLineWeight(3); 

     isTrue.SetDefaultColor(Color.CYAN); 

AddChartBubble(BubbleOn and isTrue, isTrue, "Above Stomach", color.cyan, yes); 

# End Code Above Stomach Candle
 
Last edited:

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