One of the most usefull things on PathFinder Trader is the candlestick paterns recognition system on wich we can base an indicator or a trading strategy.
The candlestick recognition function is CANDLESTICKPATTERN() also written as CSP(),
it returns a value corrensponding to the found pattern or 0 (zero) if no patterns were found.
look at this frame of code that recognize a morning star formation:
Value_Token
set Patterns = CSP()
set STP = Morning_Star
set PTF1 = REF(Patterns,0) = Morning_Star
set PTF2 = REF(Patterns,1) = Morning_Star
set PTF3 = REF(Patterns,2) = Morning_Star
set BuySignal = PTF1 + PTF2 + PTF3
Value_Token_End
You can see how the candle paint is triggered by the same signal in three different places,
( the signal bar and two bars forward) this is for colorize not only the bar where the signal start but the complete 3 bars set.
Here is a reference to all candlestick patterns recognized by Pathfinder Trader:
An Evening start patter found on a chart…
In the attached example i will illustrate how to use this function to create a paintbar indicator that fill the three bars composing the pattern with a custom color (i will use an orange color for evening star bearish pattern and a light green for the bullish morning star).
Download Indicator: STAR Pattern
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