What's the logic for the indicator "Candlestick Pattern"?

[Johnny]

Hi,

The Candlestick pattern indicator appears to be a pretty nice feature, but it isn't always clear to me how it's programmed.

Is there a place where I can read the logic behind each of the pattern supported?

Thanks in advance.

Johnny

[NinjaTrader_ChelseaB]

Hello Johnny,

You can view the code for the CandlestickPattern indicator in the NinjaScript Editor.

On the Control Center click New > NinjaScript Editor.
In the NinjaScript Explorer pane on the right double click to expand Indicators > double click to open CandlestickPattern.

Below is a link to the help guide on calling this indicator.

https://ninjatrader.com/support/helpGuides/nt8/en-us/candlestickpattern.htm

Also, below is a public link to a forum post with helpful information about getting started with NinjaScript.
https://ninjatrader.com/support/foru...040#post786040

[Johnny]

Thanks, Chelsea.

If I can be honest, I think it would be nice if the logic for the indicators could be explained in text in the help guide without having to open and decipher the code.

Best regards,

Johnny

[NinjaTrader_PatrickH]

Hello Johnny,

Thank you for your response.

You can ask us here to provide details on the code. A basic break down would be the following:

• The CandleStickPattern uses an enumeration (custom selection of named elements) to allow users to select a pattern to view.
• The pattern is confirmed by the condition check for the specific case and number of times it occurred.

Please let me know if you have any questions.

[Johnny]

Hi, Patrick,

Thanks.

I already checked out this indicator on my own and verified most of the logic. My point is simply that I think a user of NT8 should not have to need to open source code in Ninjascript to understand the basic logic of an indicator. It should be explained briefly in text in the help guide.

In my opinion.

Johnny

[NinjaTrader_PatrickH]

Hello Johnny,

Thank you for your response.

Most indicator's logic can be found online with a search, but I will forward a request to our Product Management team to detail the function of each indicator in the Help Guide.

[NinjaTrader_PatrickH]

Hello Johnny,

Thank you for your patience.

The request to add additional documentation in the Help Guide regarding indicators and their function is tracked with the internal id of SFT-3884.

Please let me know if you have any questions.