Wpkenpachi

WpProbabilisticLib

Wpkenpachi Updated   
Library "WpProbabilisticLib"
Library that contains functions to calculate probabilistic based on historical candle analysis

CandleType(open, close) This function check what type of candle is, based on its close and open prices
  Parameters:
    open: series float (open price)
    close: series float (close price)
  Returns: This function return the candle type (1 for Bullish, -1 Bearish, 0 as Doji candle)

CandleTypePercentDiff(open, close, qtd_candles_before, consider_dojis) This function calculates the percentage difference between Bullish and Bearish in a candlestick range back in time and which is the type with the least occurrences
  Parameters:
    open: series float (open price series)
    close: series float (close price series)
    qtd_candles_before: simple int (Number of candles before to calculate)
    consider_dojis: simple string (How to consider dojis (no consider "NO", as bearish "AS_RED", as bullish "AS_GREEN"))
  Returns: tuple(float, int) (Returns the percentage difference between Bullish and Bearish candles and which type of candle has the least occurrences)
Release Notes:
v2
Just Changing the colors and the indicator direction. To avoid misunderstanding
Release Notes:
v3
Overlay true removed
Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House Rules.

Disclaimer

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