Creating custom candlestick patterns study, low wick and relative break out

[conorh]

I have been having the hardest time with this. I will create a specific example just to learn it but would like to apply this to more complicated patterns.

Say I want to be notified when a 2-candle pattern occurs. Candle1 and Candle2 (the following candle).

Candle1 has a long lower wick, say at least .3% lower. I imagine I would define this as the low is at least .3% less than the open, and the close is at least .3% greater than the low.

Candle2 has a long lower wick as well (same logic as the above), and also closes above the open of Candle1.

I can not get this down. This is a basic example just for simplicities sake, but I would really appreciate any advice. Huge thank you in advance.

 

[halcyonguy]

I have been having the hardest time with this. I will create a specific example just to learn it but would like to apply this to more complicated patterns.

Say I want to be notified when a 2-candle pattern occurs. Candle1 and Candle2 (the following candle).

Candle1 has a long lower wick, say at least .3% lower. I imagine I would define this as the low is at least .3% less than the open, and the close is at least .3% greater than the low.

Candle2 has a long lower wick as well (same logic as the above), and also closes above the open of Candle1.

I can not get this down. This is a basic example just for simplicities sake, but I would really appreciate any advice. Huge thank you in advance.

your words dont make sense.
just saying open or close is not always the same body position. better to use
max(open,close)
min(open,close)
for the top and bottom of the body.

0.3% lower... than what?
if wick is 0.3% lower and close is 0.3% greater than low, that gets you back to the same price.

look on charts for something close to what you want. grab a screenshot with snipping tool. mark it up. and post it.

or draw 2 candles on paper. add some notes. take a picture. post it.

working on something....

 

[rad14733]

@conorh Rather than asking how to read candle patterns here it would be far easier to do a YouTube search for candle patterns and learn from the plethora of well laid out explanations in those videos... Unless we are all left wondering what you are looking for...