PROTECTED SOURCE SCRIPT
Upper Shadow Percentage - Latest Candle
The objective of this script is to automatically calculate the upper shadow % of the latest candle in any timeframe i.e. Daily, Weekly, Monthly etc.
Please note that: This indicator shows upper shadow percent only when the following 2 conditions are satisfied:
1. The candle is latest
2. The candle's Close Price (or, Current Price in case of Market Open) > Open Price
Formula Used:
Upper Shadow Percentage = (High-Close)/(High-Low)*100
When this indicator is added to the chart, it shows a % value which represents the upper shadow % in either a Green background or Red background.
Green background shows up when the upper shadow % is less than the user provided value in the "Upper Shadow Percentage Threshold" field in the settings > Inputs tab, otherwise it shows up in Red background. Please note that the default Upper Shadow Percentage Threshold is set to be 15. User can go to Settings to change it as per their needs.
Example of how it appears in the chart
Please note that: This indicator shows upper shadow percent only when the following 2 conditions are satisfied:
1. The candle is latest
2. The candle's Close Price (or, Current Price in case of Market Open) > Open Price
Formula Used:
Upper Shadow Percentage = (High-Close)/(High-Low)*100
When this indicator is added to the chart, it shows a % value which represents the upper shadow % in either a Green background or Red background.
Green background shows up when the upper shadow % is less than the user provided value in the "Upper Shadow Percentage Threshold" field in the settings > Inputs tab, otherwise it shows up in Red background. Please note that the default Upper Shadow Percentage Threshold is set to be 15. User can go to Settings to change it as per their needs.
Example of how it appears in the chart
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.