Shooting Star Candlestick Pattern: A Simple Guide for Confident Trading
Below is a simple AFL script to detect the Shooting Star in Amibroker:
// Shooting Star AFL Code for Amibroker
Uptrend = Ref(Close, -1) > Ref(Close, -2) AND Ref(Close, -2) > Ref(Close, -3);
BodySize = Abs(Open – Close);
UpperWick = High – Max(Open, Close);
LowerWick = Min(Open, Close) – Low;
ShootingStar =
Uptrend AND
(UpperWick > 2 * BodySize) AND
(LowerWick
(BodySize / (High – Low)
PlotShapes(IIf(ShootingStar, shapeStar, shapeNone), colorRed, 0, High);
This script finds Shooting Stars in an uptrend and marks them with a red star.
