OPEN-SOURCE SCRIPT
candlestick analyzer
Updated
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 updatedRelease Notes
the definition of the indicator updatedOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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