Add candle wicks to line chart?

Thane313

New member
I really like reading charts with the line chart. It seems more clear and less choppy to me, maybe its the continuity, easier on my brain or something. But I miss the warning singles given by wicks and the general intra-candle behavior clues I guess you might say. So I thought, hmm, wicks + line, and I've search pretty good now but didn't see anything. Any idea of whether something like this has been created or not or how it might be easily made?
 
I really like reading charts with the line chart. It seems more clear and less choppy to me, maybe its the continuity, easier on my brain or something. But I miss the warning singles given by wicks and the general intra-candle behavior clues I guess you might say. So I thought, hmm, wicks + line, and I've search pretty good now but didn't see anything. Any idea of whether something like this has been created or not or how it might be easily made?
I would use this excellent Candle Overlay Code and hide the portions you don't want. There are some variations on that code in the thread that may be better suited to what you are looking for as well. Good luck!
 
I really like reading charts with the line chart. It seems more clear and less choppy to me, maybe its the continuity, easier on my brain or something. But I miss the warning singles given by wicks and the general intra-candle behavior clues I guess you might say. So I thought, hmm, wicks + line, and I've search pretty good now but didn't see anything. Any idea of whether something like this has been created or not or how it might be easily made?

If @FutureTony's excellent method is too busy for you. Here is another option.
Two chart in a grid
0GoIQlL.png


When you open this Shared Grid Link: http://tos.mx/JePdl3q
You will only see your line chart. You can toggle back and forth between the two charts using the arrows at the top of the grid (highlighted below)
7N9Ozzi.png
 
I really like reading charts with the line chart. It seems more clear and less choppy to me, maybe its the continuity, easier on my brain or something. But I miss the warning singles given by wicks and the general intra-candle behavior clues I guess you might say. So I thought, hmm, wicks + line, and I've search pretty good now but didn't see anything. Any idea of whether something like this has been created or not or how it might be easily made?

Here is another option using unsuppored addchart() function displaying the wicks and plot line to enhance the chart type line display/coloring

Screenshot-2022-12-07-103225.png
Ruby:
AddChart(high, Max(close, open), Max(close, open), Max(close, open), ChartType.BAR, growColor = Color.GREEN);
AddChart(Min(close, open), low, Min(close, open), Min(close, open), ChartType.BAR, growColor = Color.RED);
plot line = close;
line.SetLineWeight(2);
line.AssignValueColor(if line > line[1] then Color.GREEN else Color.RED);
.
 
Thanks for the suggestions. Thinking out loud here: I wonder if I could rig something where i've got the line chart via the normal style, then use 1 period moving averages set to high and low and place arrows or something custom that doesn't take up more space than necessary, or study with a 1 period moving average, using the candle chart, but hide the body and set the candle color to something that isn't too contrasty. Hrmmm

Edit: just missed your post. Thats pretty close to what I was thinking of. I'd prob change up the colors to make the wicks less prominent. When I look at that chart I feel like my brain has to do a lot of work to separate out the wick information and just get the line flow information. Of course its all relevant though. I guess my brain can only handle so much at one time. Good thing I have 6,482 indicators on my screen.....

MODS: sorry about the thread misplacement!
 
Last edited:
Thanks for the suggestions. Thinking out loud here: I wonder if I could rig something where i've got the line chart via the normal style, then use 1 period moving averages set to high and low and place arrows or something custom that doesn't take up more space than necessary, or study with a 1 period moving average, using the candle chart, but hide the body and set the candle color to something that isn't too contrasty. Hrmmm

Edit: just missed your post. Thats pretty close to what I was thinking of. I'd prob change up the colors to make the wicks less prominent. When I look at that chart I feel like my brain has to do a lot of work to separate out the wick information and just get the line flow information. Of course its all relevant though. I guess my brain can only handle so much at one time. Good thing I have 6,482 indicators on my screen.....

MODS: sorry about the thread misplacement!

Perhaps this might be more interesting. Still has wicks and close, but now has open as a dashed line. The wicks are now joined to the open/close lines respectively.

Screenshot-2022-12-08-121311.png
Ruby:
AddChart(high, Max(close, open), double.nan, double.nan, ChartType.BAR, growColor = Color.GREEN);
AddChart(Min(close, open), low, double.nan, double.nan, ChartType.BAR, growColor = Color.RED);
plot linec = close;
linec.SetLineWeight(2);
linec.AssignValueColor(if linec > linec[1] then Color.GREEN else Color.RED);
plot lineo = open;
lineo.SetLineWeight(2);
lineo.AssignValueColor(if lineo > lineo[1] then Color.GREEN else Color.RED);
lineo.setstyle(curve.MEDIUM_DASH);
 
Last edited:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
533 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top