StockFetcher Forums · General Discussion · Long Shadow<< >>Post Follow-up
alanfoy
10 posts
msg #61778
Ignore alanfoy
4/24/2008 12:41:07 PM

Could one of you smart people tell me how to screen for any kind of candlestick
with a long shadow?

TheRumpledOne
6,358 posts
msg #61782
Ignore TheRumpledOne
4/24/2008 1:23:12 PM

What is LONG?

Larger than the body?



alanfoy
10 posts
msg #61783
Ignore alanfoy
4/24/2008 1:37:22 PM

Yes, any where from nearly as long --- to longer than the body. I feel like if you get me pointed in the right direction, I'll be able to modify to find what I want.
Thanks

nikoschopen
2,824 posts
msg #61784
Ignore nikoschopen
4/24/2008 1:37:51 PM

This will give you a daily range (high - low) that is at least 3 times the length of the candle body, which would mean that even if you slice the range into 3 equal parts you would still have upper and lower tails that are no smaller than the candle body.

Feel free to add ure own price/volume as well as other criteria.

Fetcher[
set{Shadow, day point range / opcl}
Shadow above 3
]



alanfoy
10 posts
msg #61789
Ignore alanfoy
4/24/2008 2:07:23 PM

That's a start, but I would like to see upper & lower shadows separately.

nikoschopen
2,824 posts
msg #61793
Ignore nikoschopen
modified
4/24/2008 2:57:32 PM

Note the two columns labeled "Upper (%)" and "Lower (%)", respectively, which will tell you by how large each tail is in relation to the body.

Fetcher[
set{Shadow, day point range / opcl}
Shadow above 3

set{Hi, high - max(open, close)}
set{Lo, min(open, close) - low}
set{Hiratio, Hi / opcl}
set{Loratio, Lo / opcl}
set{Upper, mod(Hiratio,100) * 100}
set{Lower, mod(Loratio,100) * 100}

add column Upper{Upper (%)}
add column Lower{Lower (%)}
]



StockFetcher Forums · General Discussion · Long Shadow<< >>Post Follow-up

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