candlestick indicator to measure the length of the wicks

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  • 03/26/2025 at 4:43 PM #245323 quote
    tonb
    Participant
    Junior

    I am looking for an indicator (NQ-MNQ)that gives a signal for a

    bull candele when de range open-low is between 20 and 40 ticks.

    bear candle when de range open-high is between 20 and 40 ticks.

    03/27/2025 at 10:39 AM #245334 quote
    Iván González
    Moderator
    Master
    minRango = 20 * ticksize  
maxRango = 40 * ticksize  

bullCond = (open - low >= minRango) AND (open - low <= maxRango)
bearCond = (high - open >= minRango) AND (high - open <= maxRango)

return bullcond style(histogram)coloured("green"),bearcond style(histogram)coloured("red")
    robertogozzi thanked this post
    03/27/2025 at 3:10 PM #245344 quote
    tonb
    Participant
    Junior

    I may not have been completely clear but it concerns the upper wick (bear candele) and de lower wick (bull candele) see picture

    03/27/2025 at 3:39 PM #245347 quote
    Iván González
    Moderator
    Master

    You can add open>close and open<close in order to select bear/bull candles.

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candlestick indicator to measure the length of the wicks


ProBuilder: Indicators & Custom Tools

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tonb @tonbijl Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by Iván González
10 months, 2 weeks ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 03/26/2025
Status: Active
Attachments: 1 files
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