declare upper;
input ThresholdMult = 3;
input LookbackLength = 10;
def AverageOverRange = SImpleMovingAvg(price = (high[1] - low[1]), length = lookbackLength);
def CurrentRange = high - low;
plot tallCandle = if CurrentRange >= (AverageOverRange * ThresholdMult) then 1 else double.nan;
AssignPriceColor(if tallCandle then COLOR.MAGENTA else Color.CURRENT);Join useThinkScript to post your question to a community of 21,000+ developers and traders.
thresholdMult is the relative size of the candle you're looking for. The default setting is 3, so that would be 3x the size of the average candle... which brings us to:
TallCandles("threshold mult" = 5, "lookback length" = 30)BigCandles("threshold mult" = 5, "lookback length" = 30)
and
close < close[1] < close[2] within 10 bars
LOL...all is not well in my world...I saved the code from post #2 as a study. It does plot the Magenta Candles...on stocks that were pulled up by my other scanners.The code is up in post # 2. Copy / paste into a new indicator, or use the link below, but...
Name the indicator "BigCandles" and all should be well with the world.
https://tos.mx/oh4MmUG
-mashume
declare upper;
input ThresholdMult = 3;
input LookbackLength = 10;
def AverageOverRange = SImpleMovingAvg(price = (high[1] - low[1]), length = lookbackLength);
def CurrentRange = high - low;
plot tallCandle = if CurrentRange >= (AverageOverRange * ThresholdMult) then 1 else double.nan;
AssignPriceColor(if tallCandle then COLOR.MAGENTA else Color.CURRENT);BigCandles("threshold mult" = 5, "lookback length" = 30)
and
close < close[1] < close[2] within 10 barsDon't worry.
declare upper;
input ThresholdMult = 3;
input LookbackLength = 10;
def AverageOverRange = SimpleMovingAvg(price = (high[1] - low[1]), length = lookbackLength);
def CurrentRange = high - low;
def tallCandle = if CurrentRange >= (AverageOverRange * ThresholdMult) then 1 else double.nan;
plot TallUpCandle = if tallCandle and Close > Open then 1 else double.nan;
TallUpCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
plot TallDnCandle = if tallCandle and Close < Open then 1 else double.nan;
TallDnCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
# Big Candles
# Assembled by BenTen at UseThinkScript.com
# Converted from https://www.tradingview.com/script/e2fWFUIo-Big-Candles-v1/
input barHeight = 5;
def bigUp = close > open and high-low > barHeight;
def bigDown = close < open and high-low > barHeight;
plot upCandle = bigUp;
upCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upCandle.SetLineWeight(1);
upCandle.AssignValueColor(COLOR.CYAN);
plot downCandle = bigDown;
downCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downCandle.SetLineWeight(1);
downCandle.AssignValueColor(COLOR.MAGENTA);Hey Ben how would one go about putting this ema touch scanner query into a watchlist indicator?
Hi @XeoNoX how should that be added to the code that BenTen wrote, because BenTen defines the candleheight with input barHeight = 5; how to use your code so the code looks to average in comparison with the other candles?
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