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Candle Size

This study examines candle length by measuring the difference between the high and low prices of a candle and plotting that difference over time to visualize the wick size as a percentage of the total candle length. It defines the open and close positions as the high and low prices, calculates the absolute difference between them as the candle length or wick size, and plots that value.

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nikunj olpadwala
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36 views1 page

Candle Size

This study examines candle length by measuring the difference between the high and low prices of a candle and plotting that difference over time to visualize the wick size as a percentage of the total candle length. It defines the open and close positions as the high and low prices, calculates the absolute difference between them as the candle length or wick size, and plots that value.

Uploaded by

nikunj olpadwala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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study(title="Candle Length by WiscoDish", shorttitle="Candle Length")

open_pos = high*1
close_pos = low*1

// Wick size as a percentage of the total candle


diff = abs(close_pos-open_pos)
plot(diff)

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