sfgf.cobra.txt

[LegacyColorValue = true]; 

{
Function    : sfgf.cobra
Description : Identify the Cobra Pattern

Copyright 2016 Scottfree Gains LLC

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.
}

Inputs:
	Percent(Numeric),
	RangeFactor(Numeric);

Variables:
	RPOpen(0.0),
	RPClose(0.0),
	Length(20);

sfgf.cobra = 0;

RPOpen = sfgf.rangepct(Open, High, Low);
RPClose = sfgf.rangepct(Close, High, Low);

If RPOpen <= Percent and
RPClose >= (1 - Percent) and
Range <= RangeFactor * Average(Range, Length) Then
	sfgf.cobra = 1;

If RPOpen >= (1 - Percent) and
RPClose <= Percent and
Range <= RangeFactor * Average(Range, Length) Then
	sfgf.cobra = 2;