candlestick indicator to measure the length of the wicks

tonb · 2025-03-26T15:43:58+00:00

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.

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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

Legend
```
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

Wicks-2025-03-27-150523.png

03/27/2025 at 3:39 PM #245347 quote

Iván González
Moderator

Legend

You can add open>close and open<close in order to select bear/bull candles.
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This topic contains 3 replies,
has 2 voices, and was last updated by Iván González
1 year, 5 months ago.

Topic Details

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