Registered User Joined: 3/10/2012 Posts: 465
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Bruce i know the formula for body as % of candle using Open close candlesticks
But if i wish to know wick percentage in relation to the Candle Size , so how to do that math ?
for Green candles ( OPEN < CLOSE)
a) wick on top of candle as %
b) wick on bottom of candle as %
for red candles ( OPEN > CLOSE)
a) wick on top of candle as %
b) wick on bottom of candle as %
thanks
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please try the following for both green and red candles.
a)
100 * (H - GREATEST(O, C)) / IIF(H > L, H - L, 1)
b)
100 * (LEAST(O, C) - L) / IIF(H > L, H - L, 1)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/10/2012 Posts: 465
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Thanks bruce for the above formulas
one more question
Abs(H + L) / 2 gives me 50 % of the candle ,so what will be 33% formula of the candle
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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(H + L) / 2 gives you the midpoint in the candle.
(H - L) / 2 gives you half the width of the candle.
(2 * H + L) / 3 gives you the point a third of the way down the candle from the top.
(H + 2 * L) / 3 gives you the point a third of the way up the candle from the bottom.
(H - L) / 3 gives you a third of the width of the candle.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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