candlestick analyzer — Indicator by a_b_c_x

This indicator measures lengths of shadows of candlesticks, which is defined as "(close - open+high - max(open,close))/(close - open+low - min(open,close))*(high-low) "

Release Notes:

the definition of the indicator updated

Release Notes:

the definition of the indicator updated

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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