/*
* QUANTCONNECT.COM - Democratizing Finance, Empowering Individuals.
* Lean Algorithmic Trading Engine v2.0. Copyright 2014 QuantConnect Corporation.
*
* Licensed under the Apache License, Version 2.0 (the "License");
* you may not use this file except in compliance with the License.
* You may obtain a copy of the License at http://www.apache.org/licenses/LICENSE-2.0
*
* Unless required by applicable law or agreed to in writing, software
* distributed under the License is distributed on an "AS IS" BASIS,
* WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
* See the License for the specific language governing permissions and
* limitations under the License.
*/
using QuantConnect.Data.Market;
namespace QuantConnect.Indicators.CandlestickPatterns
{
///
/// Ladder Bottom candlestick pattern indicator
///
///
/// Must have:
/// - three black candlesticks with consecutively lower opens and closes
/// - fourth candle: black candle with an upper shadow(it's supposed to be not very short)
/// - fifth candle: white candle that opens above prior candle's body and closes above prior candle's high
/// The meaning of "very short" is specified with SetCandleSettings
/// The returned value is positive (+1): ladder bottom is always bullish;
/// The user should consider that ladder bottom is significant when it appears in a downtrend,
/// while this function does not consider it
///
public class LadderBottom : CandlestickPattern
{
private readonly int _shadowVeryShortAveragePeriod;
private decimal _shadowVeryShortPeriodTotal;
///
/// Initializes a new instance of the class using the specified name.
///
/// The name of this indicator
public LadderBottom(string name)
: base(name, CandleSettings.Get(CandleSettingType.ShadowVeryShort).AveragePeriod + 4 + 1)
{
_shadowVeryShortAveragePeriod = CandleSettings.Get(CandleSettingType.ShadowVeryShort).AveragePeriod;
}
///
/// Initializes a new instance of the class.
///
public LadderBottom()
: this("LADDERBOTTOM")
{
}
///
/// Gets a flag indicating when this indicator is ready and fully initialized
///
public override bool IsReady
{
get { return Samples >= Period; }
}
///
/// Computes the next value of this indicator from the given state
///
/// The window of data held in this indicator
/// The input given to the indicator
/// A new value for this indicator
protected override decimal ComputeNextValue(IReadOnlyWindow window, IBaseDataBar input)
{
if (!IsReady)
{
if (Samples >= Period - _shadowVeryShortAveragePeriod)
{
_shadowVeryShortPeriodTotal += GetCandleRange(CandleSettingType.ShadowVeryShort, window[1]);
}
return 0m;
}
decimal value;
if (
// 3 black candlesticks
GetCandleColor(window[4]) == CandleColor.Black &&
GetCandleColor(window[3]) == CandleColor.Black &&
GetCandleColor(window[2]) == CandleColor.Black &&
// with consecutively lower opens
window[4].Open > window[3].Open && window[3].Open > window[2].Open &&
// and closes
window[4].Close > window[3].Close && window[3].Close > window[2].Close &&
// 4th: black with an upper shadow
GetCandleColor(window[1]) == CandleColor.Black &&
GetUpperShadow(window[1]) > GetCandleAverage(CandleSettingType.ShadowVeryShort, _shadowVeryShortPeriodTotal, window[1]) &&
// 5th: white
GetCandleColor(input) == CandleColor.White &&
// that opens above prior candle's body
input.Open > window[1].Open &&
// and closes above prior candle's high
input.Close > window[1].High
)
value = 1m;
else
value = 0m;
// add the current range and subtract the first range: this is done after the pattern recognition
// when avgPeriod is not 0, that means "compare with the previous candles" (it excludes the current candle)
_shadowVeryShortPeriodTotal += GetCandleRange(CandleSettingType.ShadowVeryShort, window[1]) -
GetCandleRange(CandleSettingType.ShadowVeryShort, window[_shadowVeryShortAveragePeriod + 1]);
return value;
}
///
/// Resets this indicator to its initial state
///
public override void Reset()
{
_shadowVeryShortPeriodTotal = 0m;
base.Reset();
}
}
}