I'm looking for an indicator that measures the percentage of the wick of each candle - and if any wick is, say more than 45% of it's own candle body, then either an alert is given or something is printed on the chart at the candle.

I look forward to y'all's feedback!

bsk6969 

I'm looking for an indicator that measures the percentage of the wick of each candle - and if any wick is, say more than 45% of it's own candle body, then either an alert is given or something is printed on the chart at the candle. I look forward to y'all's feedback!

See if this can get you started, but note it considers the "candle body" to be the area between Open and Close, in which case you'll sometimes get a wick that is many times the size of the body (e.g. 10 times or 1000%).

If by body you mean the entire length of a candle (in which case the percentage would always range between -100% and +100%, change this line:

 

Code

double body = Math.Abs(Open[0] - Close[0]);

to

 

Code

double body = Math.Abs(High[0] - Low[0]);

 

Code

//This namespace holds Indicators in this folder and is required. Do not change it. namespace NinjaTrader.NinjaScript.Indicators { public class fioWicksPercent : Indicator { protected override void OnStateChange() { if (State == State.SetDefaults) { Description = @"Upper wick and lower wick as percentage of candle body"; Name = "fio Wicks Percent"; Calculate = Calculate.OnBarClose; IsOverlay = false; DisplayInDataBox = true; DrawOnPricePanel = true; DrawHorizontalGridLines = true; DrawVerticalGridLines = true; PaintPriceMarkers = true; ScaleJustification = NinjaTrader.Gui.Chart.ScaleJustification.Right; //Disable this property if your indicator requires custom values that cumulate with each new market data event. //See Help Guide for additional information. IsSuspendedWhileInactive = true; AddPlot(new Stroke(Brushes.Green, 2), PlotStyle.Bar, "UpperWick"); AddPlot(new Stroke(Brushes.Crimson, 2), PlotStyle.Bar, "LowerWick"); AddLine(Brushes.Blue, 0, "ZeroLine"); } else if (State == State.Configure) { } } protected override void OnBarUpdate() { if (CurrentBar < BarsRequiredToPlot) return; //Add your custom indicator logic here. double bodyHi = Math.Max(Open[0], Close[0]); double bodyLo = Math.Min(Open[0], Close[0]); double body = Math.Abs(Open[0] - Close[0]); if (body == 0) return; if (High[0] >= bodyHi) UpperWick[0] = (High[0] - bodyHi) / body * 100; if (Low[0] <= bodyLo) LowerWick[0] = (Low[0] - bodyLo) / body * 100; } #region Properties [Browsable(false)] [XmlIgnore] public Series<double> UpperWick { get { return Values[0]; } } [Browsable(false)] [XmlIgnore] public Series<double> LowerWick { get { return Values[1]; } } #endregion } }

Change the data duration or candle by 1 second or more and you get massively different candles fyi