Candle Height Screener


This screener is similar to the Average Candle Height screener, except that it does not use an average, but instead compares the absolute range of the last candle with the previous X candles.

Note: This filter is designed to be used with other filters as it returns true if there is a signal. It does not specify if is a BUY or SELL. If there is no signal, then the filter will return false, meaning that the filter did not produce any signal and is advisable to be out of the market.

Parameter Name Parameter Type Description Default value/allowed values
candle_height_screener_enabled boolean Whether this screener is enabled or not Default value: false

Allowed values:

  • true
  • false
candle_height_screener_use_total_range boolean Whether to use the total height of the candle of just the height of the candle’s body Default value: false

Allowed values:

  • true
  • false
candle_height_screener_count int The number of candles to compare Default value: 3

 

Example 1:

Given the following configuration:

  • candle_height_screener_use_total_height = true;
  • candle_height_screener_count = 5;

candle_height_screener

In this example, the total height of candle C1 will be compared to the height of all the 5 previous candles (C2, C3, C4, C5 and C6) and because the height of C1 is greater than every of the previous 5, this screener produces a signal BUY and SELL. Note that this screener is designed to be used with other screeners.

Example 2:

Given the following configuration:

  • candle_height_screener_use_total_height = false;
  • candle_height_screener_count = 5;

In this example, the body height of candle C1 will be compared to the body height of all the 5 previous candles (C2, C3, C4, C5 and C6) and because the body height of C1 is greater than any of the previous 5 bodys, this screener produces a signal BUY and SELL. Note that this screener is meant to be used with other screeners.

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