Line chart that includes wick

[SupaDupa]

Hi, did not see this in search can someone direct me or create line chart that includes the wick, TOS line chart only charts the body unless im mistaken. Thanks in advance

 

[halcyonguy]

Hi, did not see this in search can someone direct me or create line chart that includes the wick, TOS line chart only charts the body unless im mistaken. Thanks in advance

generally a line chart connects the closes from each time segment ( each candle)

'include the wick' doesn't tell us what you are thinking about.
study candlesticks , then come back and ask a different question, one that uses open, high, low, and/or close
https://www.investopedia.com/trading/candlestick-charting-what-is-it/

 

[SupaDupa]

Okay line chart that includes the high and the low

generally a line chart connects the closes from each time segment ( each candle)

'include the wick' doesn't tell us what you are thinking about.
study candlesticks , then come back and ask a different question, one that uses open, high, low, and/or close
https://www.investopedia.com/trading/candlestick-charting-what-is-it/

Thanks yes I need to clarify: line chart that plots the high of a bull candle and the low of a bear candle

 

[Joshua]

Plots it how?

There's lots of ways to do it. It can be a wick that spikes out of the main line, or a separate line that flips above and below the main line, it can change colors, be a cloud, all sorts of things. Can you describe what you're envisioning? Otherwise the code is incredibly simple.

 

[SupaDupa]

Thank you, I posted a pic above, was thinking high of the bull candle to low of bear candle, would like to see if it can help with indecision

 

[SupaDupa]

Plots it how?

There's lots of ways to do it. It can be a wick that spikes out of the main line, or a separate line that flips above and below the main line, it can change colors, be a cloud, all sorts of things. Can you describe what you're envisioning? Otherwise the code is incredibly simple.

I'm thinking of a simple line chart that includes the wicks would like it to be a stand alone not including the candles, for instance the line would start at the low of the first candle to the high of the next candle and so on. Thanks for any help you can provide

 

[antwerks]

Use Equivolume candles to tell you more what is happening - (to narrow the channel to just the wicks use input 3 for hi- lo length

HOW TO READ THEM
WIDE GREEN CANDLE - Strong buying + high participation

Buyers are aggressive AND size is behind it
Interpretation:

• continuation likely
• institutions involved

WIDE RED CANDLE- Strong selling + high participation

Real distribution / liquidation
Interpretation:

• downside pressure is real
• not just noise

NARROW CANDLES (ANY COLOR)
Low participation -

Nobody cares → low conviction
Interpretation:

• chop / drift
• setups here are weak

# ANTWERKS - USE EQUIVOLUME CANDLES

declare upper;

# =========================
# INPUTS
# =========================
input volLength = 20;
input rangeLength = 20;

# =========================
# BASE CALCULATIONS
# =========================
def avgVol = Average(volume, volLength);
def highVol = volume > avgVol;
def lowVol = volume < avgVol;

def upBar = close > open;
def downBar = close < open;

def spread = high - low;
def avgSpread = Average(spread, rangeLength);

def bigMove = spread > avgSpread;
def smallMove = spread < avgSpread;

# =========================
# 🔥 PARTICIPATION LABEL
# =========================
AddLabel(yes,
    if highVol then "HIGH PARTICIPATION"
    else "LOW PARTICIPATION",
   
    if highVol then Color.CYAN
    else Color.GRAY
);

# =========================
# 🔥 BUYING / SELLING PRESSURE
# =========================
AddLabel(yes,
    if upBar and highVol then "STRONG BUYING"
    else if downBar and highVol then "STRONG SELLING"
    else if upBar then "WEAK BUYING"
    else if downBar then "WEAK SELLING"
    else "NEUTRAL",
   
    if upBar and highVol then Color.GREEN
    else if downBar and highVol then Color.RED
    else Color.GRAY
);

# =========================
# 🔥 MOVE QUALITY (VERY IMPORTANT)
# =========================
AddLabel(yes,
    if highVol and bigMove then "EXPANSION (REAL MOVE)"
    else if highVol and smallMove then "ABSORPTION (NO PROGRESS)"
    else if lowVol and smallMove then "CHOP / LOW INTEREST"
    else "NORMAL",
   
    if highVol and bigMove then Color.GREEN
    else if highVol and smallMove then Color.YELLOW
    else Color.GRAY
);

# =========================
# 🔥 TRAP DETECTION (KEY EDGE)
# =========================
def buyerTrap =
    upBar and highVol and close < close[1];

def sellerTrap =
    downBar and highVol and close > close[1];

AddLabel(yes,
    if buyerTrap then "BUYERS TRAPPED (REVERSAL RISK)"
    else if sellerTrap then "SELLERS TRAPPED (REVERSAL RISK)"
    else "NO TRAP",
   
    if buyerTrap then Color.YELLOW
    else if sellerTrap then Color.ORANGE
    else Color.GRAY
);

# =========================
# 🔥 FOLLOW-THROUGH (CONFIRMATION)
# =========================
def followThroughUp =
    upBar and highVol and close > close[1];

def followThroughDown =
    downBar and highVol and close < close[1];

AddLabel(yes,
    if followThroughUp then "CONFIRMED BUYING (CONTINUATION)"
    else if followThroughDown then "CONFIRMED SELLING (CONTINUATION)"
    else "NO CONFIRMATION",
   
    if followThroughUp then Color.GREEN
    else if followThroughDown then Color.RED
    else Color.GRAY
);

# =========================
# 🔥 RESTORE HI / LO LINES
# =========================
input hiLoLength = 10;

def hiLine = Highest(high, hiLoLength);
def loLine = Lowest(low, hiLoLength);

plot HiPlot = hiLine;
plot LoPlot = loLine;

HiPlot.SetDefaultColor(Color.RED);
LoPlot.SetDefaultColor(Color.GREEN);

HiPlot.SetLineWeight(2);
LoPlot.SetLineWeight(2);

HiPlot.SetStyle(Curve.FIRM);
LoPlot.SetStyle(Curve.FIRM);

plot MidLine = (hiLine + loLine) / 2;
MidLine.SetDefaultColor(Color.YELLOW);
MidLine.SetStyle(Curve.SHORT_DASH);

https://imgur.com/42E3LX8