Support Board
Date/Time: Sat, 23 Nov 2024 02:01:36 +0000
Post From: Programmatically distinguishing a wick vs a Body on a current candle
| [2024-09-21 01:09:30] |
| User130696 - Posts: 88 |
|
I am trying to use Trading Alert or a trading Spreadsheet formula. I am trying to generate a indicator signal (no buy /sell, just an graphics plotted such as a triangle to the right of the current bar, when following conditions are met. Its a specific candlestick pattern recognition signal. 1. Two bars ago, the bar had a long wick to the upside. 2. One bar ago, the bar had an engulfing candle in the opposite direction with about less than 2 to 3% wick on both side, if no wicks better. Opposite direction means, if two bars ago it was down candle, then one bar ago should be up candle and vice versa. 3. Current candle is retracing towards the wick of the candle two bars ago. Hope this is described well. |