repo32

Spinning Tops

This is my script for a spinning top . It is just another form of a doji . It is an indecision bar. Enjoy.
Skript med en öppen källkod

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.

Vill du använda det här skriptet i ett diagram?
//Created by Robert Nance 7/13/15
//This script is for spinning tops.  I have another script with all the major candlesticks.  This one is to simply identify spinning top candlesticks

stsize=input(.5, minval=.1, title="Spinning Top Size")
study(title = "Spinning Tops", overlay = true)
spinningtop=(open>close) and ((high-low)>(3*(open-close))and(((high-open)/(.001+high-low))< stsize)and (((close-low)/(.001+high-low))< stsize))or
            (close>open) and ((high-low)>(3*(close-open))and(((high-close)/(.001+high-low))< stsize)and (((open-low)/(.001+high-low))< stsize))

plotchar(spinningtop, title="Spinning Top", text='ST', color=yellow, char='+')