Calculate wicks percent of the body

Sprattelgubbe · 2020-06-22T19:05:07+00:00

Hi, I would like to calculate the wicks percent and if it is below 15 percent of the body (close – open in an upward market) I would like an upward arrow to print. Example: Body is 100 points and the wick is 13 points then I would the arrow to print at the close of the bar. If the wick is 16, then no print of arrow I know how to print the arrow, its just the calculation that is my issue. It would be nice if the 15 percent could be a variable so I can easily change that number, for testing.

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06/22/2020 at 8:05 PM #136828 quote

Sprattelgubbe
Participant

Junior

Hi,

I would like to calculate the wicks percent and if it is below 15 percent of the body (close – open in an upward market) I would like an upward arrow to print.

Example: Body is 100 points and the wick is 13 points then I would the arrow to print at the close of the bar. If the wick is 16, then no print of arrow

I know how to print the arrow, its just the calculation that is my issue. It would be nice if the 15 percent could be a variable so I can easily change that number, for testing.

06/22/2020 at 9:23 PM #136834 quote
robertogozzi
Moderator

Legend
There you go, when x = 1 then it’s < PerCent:
```
PerCent = 15
Bullish = close > open
Body    = close - open
Wicks   = range - Body
x       = 0
If Wicks < (Body * PerCent / 100) Then
   x = 1
Endif
```
06/22/2020 at 9:51 PM #136837 quote

Sprattelgubbe
Participant

Junior

Thank you for your quick reply.

But I get an error massage that “This variables is not used in the code” for both Bullish and x.

I´m on version 10.3

06/22/2020 at 9:55 PM #136839 quote
robertogozzi
Moderator

Legend
You can remove line 2 to get rid of BULLISH, which is actually not used.

As to X it’s up to you using it according to what you want to do.

If you just want to plot signals then you’ll have to add, at the end:
```
RETURN x
```
06/22/2020 at 10:04 PM #136840 quote

Sprattelgubbe
Participant

Junior

Now it works great!!

Thank you very much.
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