Hello, everybody
Please can anyone who has experience in coding help me to develop a code to make an alert and screener to identify and determine quickly the long shadow candlestick pattern. My appreciation, Best Regards.
There you go:
Body = abs(close - open)
UpperShadow = high - (max(open,close))
LowerShadow = (min(open,close) - low)
Result = max(UpperShadow,LowerShadow) > (Body * 5.00)
SCREENER[Result]
At line 4 you may replace BODY with RANGE (already defined, you don’t need to do the math yourself like BODY), of course multiplier needs to be < 1.0 in that case.
Thank you very much for your efforts. My appreciation.