Pine says
Script could not be translated from: |B|upper shadow = high_h
accidentje
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Thanks for the indicator. The only negative is that it's lagging (1 day). How would you tweak it so that it's showing real-time info on the candle that is being formed? TIA
vaibhavsghanekar
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Does it still lag?
I have read some old comments from 2014-15.
I hope this code is updated and it doesn't lag anymore as it did some years ago.
Please tell me if it lags one candle or one bar.
PaulMir
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It lags because it uses confirmation. if bearish signal, indicator checkout that next candle is red. if bullish signal ( eg hammer ) indicators checks for next candle = green ;)
yolo12
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@PaulMir, So its only useful for actually learning what the candles look like, something you can do on on a website.
All in all a completely useless indicator.
Docvaks
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Does it lag thru the eod. Basically, Could you place and AA trade on the indicator or does it not show up until the next morning?
ANUP2025
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How to use this script. Can it be used on this platform or any other platform
amirhkarimi1999
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this USELESS thing looks at next candle to give you signals on previous candle. set timeframe to 1 min to see signals on previous candle appear and disappear :)
foster70
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@amirhkarimi1999, right? A hammer candle is a hammer candle regardless of if the trade works out. Same for IH, SS, HM, so why would it paint and then disappear? I backtested it and it has over 90% success rate. HAAAAAHAAAAHAAAAHAAA! Took me about 3 minutes to realize it's garbage.
I think shadow should be define in two ways : upper shadow = high_h - max(open_h,close_h) and lower shadow = min(open_h,close_h)-low_h
I tweak the indicator and I see much better hammers ;)