Reversal Candle Help

[OptionsTrader]

I am essentially looking for a Wick larger than the body and the body to close in the top 80% of the candle in the opposite direction of the wick. Also the Candle must be greater than 20 points in total. This is what I have so far but it's not exactly right (also this is just for a bullish reversal a bearish would one just be the same thing but the opposite)

declare upper;

def CandleRange = high - low;

Input TargetPercentage = 80.0;
def PercentOfRange = 100 * CandleRange;
def Wick = CandleRange - BodyHeight();
def StrongCandle = CandleRange > 20;
def BullReversal = StrongCandle and close > CandleRange;
def Bullish = Close > Open;
def BullWick = Wick > BodyHeight();
def BullClose = PercentOfRange >= TargetPercentage;


def BullReversalSignal = StrongCandle and BullReversal and Bullish and Bullwick and BullClose;


plot REVERSALBULLSIGNAL = BullReversalSignal;
REVERSALBULLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
REVERSALBULLSIGNAL.SetDefaultColor(Color.YELLOW);
REVERSALBULLSIGNAL.SetLineWeight(3);

 

[halcyonguy]

I am essentially looking for a Wick larger than the body and the body to close in the top 80% of the candle in the opposite direction of the wick. Also the Candle must be greater than 20 points in total. This is what I have so far but it's not exactly right (also this is just for a bullish reversal a bearish would one just be the same thing but the opposite)

declare upper;

def CandleRange = high - low;

Input TargetPercentage = 80.0;
def PercentOfRange = 100 * CandleRange;
def Wick = CandleRange - BodyHeight();
def StrongCandle = CandleRange > 20;
def BullReversal = StrongCandle and close > CandleRange;
def Bullish = Close > Open;
def BullWick = Wick > BodyHeight();
def BullClose = PercentOfRange >= TargetPercentage;


def BullReversalSignal = StrongCandle and BullReversal and Bullish and Bullwick and BullClose;


plot REVERSALBULLSIGNAL = BullReversalSignal;
REVERSALBULLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
REVERSALBULLSIGNAL.SetDefaultColor(Color.YELLOW);
REVERSALBULLSIGNAL.SetLineWeight(3);

for bullish pattern,
can either wick be big, or just the top, or just the bottom wick?

the body doesn't close, the candle does.

what if close rises up to 90% , then falls to 70%? during the current candle, there will be a signal. but after that, when code is run on all the candles, there won't be a signal. do you want to wait for a candle to complete and a new candle is created, then go back 1 candle and read the close?