SamRecio

Candle Classifier

SamRecio Updated   
This indicator uses allows its users to locate classifications of candles based on user defined input.
Using a % of candle range the user can specify,
High Wick %
Candle Body %
Low Wick %

The user can also search for candles within a (user defined) variance range.
A nifty feature of this indicator is the display of your criteria, so that you can be reminded while you're looking through your chart!
Release Notes:
- Changed the shape from Flag to Diamond, if not zoomed in enough, it could look like the flag was on the wrong candle.
- Added alert capabilities. To avoid alert spam I recommend setting them to ONLY fire at end of bar.
Release Notes:
If you were curious the proportions of a candle, you can now hover over it and in the indicator readout you will see the numbers for the bar you are currently hovered over.
HOW TO READ THE READOUT
From left to right:
Signal: 1 or 0 for if the candle matches your criteria ( 1 = true, 0 = false )
High Wick Percent
Candle Body Percent
Low Wick Percent
Reminder: These numbers will change depending on the current bar you have your cursor over.
Release Notes:
visual update
Release Notes:
disallowed negative numbers in the display output.

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?