Long Tail Wick.

Hi friends

I wanted to find big tail candles. The idea is to combine this with the TAZ (trader action zone) trading that I do.

a lot of times it provides amazing turning points for buying options and it explodes in next 2-4 candles.

so I wrote this AFL.


A = Ref( Close , -1 );
B = Ref( Low , -1 );
C= Ref(High, -1);

Filter= 100 * abs(A-B/A) > 5 ;

ideally it should give me all candles which have close vs low difference of more than 5%.

but there is some mistake somewhere, the filter gives a different output. can any senior correct this.

Thanks and regards,

Manish Dhawan.