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Date/Time: Sat, 23 Nov 2024 02:04:01 +0000



What's the criteria for determining an up or down candlestick bar?

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[2024-09-25 01:55:33]
Mark Lewis - Posts: 25
I'm working on a custom study and need to know if a candlestick is up (green) or down (red). It's not as simple as comparing SC_OPEN to SC_CLOSE because there are many cases where those values are the same.

I haven't been able to find anything that steps through the criteria in the documentation or in general online.
[2024-09-25 13:55:35]
John - SC Support - Posts: 36238
The system uses the following logic:
- If current candle Open is greater than the Close: Down Bar
- If current candle Open is less than the Close: Up Bar
- If current candle open and close are equal, check the current bar Open against the previous bar close and use the above criteria. Keep going backwards until there is a definite answer.

Note that the above will not apply if you have the option for "Global Settings >> Graphics Settings >> Other >> Up/Down Coloring for OHLC Based on Previous and Current Close" enabled. Refer to the following:
Graphics Settings: Up/Down Coloring for OHLC Bars Based on Previous and Current Close (Global Settings >> Graphics Settings >> Other)
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