Dreadblitz

Long Tail Candle by Oliver Velez

This script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when the next candle followed by the long tail candle exceeds its body, do not program this condition so that the alert indicates that a long tail candle was generated and the trader has some Time to visualize the graph and wait for the signal.

The default configuration is very basic, each trader must adjust to their needs.

- Trend filters can be activated.
- Alerts available.



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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.

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Kommentarer

Good Work Sir :)
+2 Svara
Dreadblitz syrinxflunki
@syrinxflunki, thank you very much greetings
+1 Svara
Hi! I really appreciate this work. I wish you could translate this to English for the fellow English users so as to make it possible for us to tweak as per our needs.
I really appreciate your hard-work.
Thank You! I will wait.
Svara
非常不错,谢谢!
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I ma try this one.... thanks
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Thanks... Boom !
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is super cool
Svara
Hey! Very nice a clean code! (Not like all those millions of MT4 crap out there.)
Some English messages would be the only other improvement.
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@E3V3A, Hi, thank you very much, unfortunately my English is very bad, but all the new indicators that I will make will be in English, greetings
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krishprasad Dreadblitz
@Dreadblitz,

Very good indicator
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