I am looking for screener and alert to scan quickly long shadow candlesticks

• 12/13/2018 at 5:14 PM #87040
  Omantrader

  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.

  

  Omantrader

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  12/13/2018 at 5:55 PM #87044
  robertogozzi

  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]

  1 2 3 4 5

  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.

  1 user thanked author for this post.

  Nicolas

  

  robertogozzi

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  12/13/2018 at 8:14 PM #87057
  Omantrader

  Thank you very much for your efforts. My appreciation.

  

  Omantrader

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