OPEN-SOURCE SCRIPT
Elephant - Shooting Star Candles
Updated
This script aims to show elephant and shootingstar candles. Body for elephant are at least 70% of the whole candle. Shootingstar have a body of 35% times the lenht of the full candle. Both are searched with 1.3 Standard Deviations as noise within 100 bars. Colors are ploted if closes above/below 200 SMA
Release Notes
A little acording descriptionRelease Notes
Description in configuration clolor screen Release Notes
Several corrections respect to ratios and filters for shooting star... These are shown independently SMA 200 in order to point out possible change of trend. Elephant bars also recivied a little correction with respect to the wick size. Shooting stars are shown with 50% of the body and you can change it within a range from 0 to 50%.Release Notes
Some deffinitions are updatedOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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