 Gold Customer
Joined: 5/21/2005
Posts: 17
|
Is there a way to set up a scan or PCF to find stock price candels that have very little or no shadows? I believe they are also called wicks and tails.
|
Gold Customer
Joined: 5/21/2005
Posts: 17
|
I forgot to add that I would want this for the (x) previous trading days
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
How small do you want them? The following counts the number of candles in the most recent 50 candles where both tails combined constituted 10% of the candle or less (or the body constituted 90% of the candle or more).
CountTrue(10 * ABS(O - C) >= 9 * (H - L), 50)
You can change the 50 near the end of the formula to adjust (x).
Adding > 0 to the end would check for it happening at least once.
You can change the 10 and 9 to ajust the ratio of candle to the body.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|