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已更新 xGhozt Wickless Candle Streak Probability
The xGhozt Wickless Candle Streak Probability is a custom Pine Script indicator designed to identify and quantify the occurrence of consecutive "wickless" candles of the same trend (either bullish or bearish).
Key Features:
Wickless Candle Detection: It first identifies candles that lack an upper or lower wick (meaning their open/close is equal to their high/low, respectively).
Consecutive Streak Tracking: The indicator tracks how many wickless bullish candles occur in a row, and similarly for wickless bearish candles.
User-Defined Streak Length: You can specify a Streak Length in the indicator's settings. This defines how many consecutive wickless candles are needed to register a "streak."
Probability Calculation: For the chosen Streak Length, the indicator calculates the historical probability (as a percentage) of encountering such a streak for both bullish and bearish wickless candles. This is done by dividing the number of times a streak of that length has occurred by the total number of candles scanned.
On-Chart Display: The results, including the total wickless candles, total scanned candles, and the calculated streak probabilities, are displayed in a convenient table directly on your chart.
Purpose:
This indicator helps traders and analysts understand the historical likelihood of sustained, strong directional moves as indicated by consecutive wickless candles. By quantifying these probabilities, it can provide insights into potential continuation patterns or extreme market conditions, which might be useful for developing trading strategies or confirming market biases.
Key Features:
Wickless Candle Detection: It first identifies candles that lack an upper or lower wick (meaning their open/close is equal to their high/low, respectively).
Consecutive Streak Tracking: The indicator tracks how many wickless bullish candles occur in a row, and similarly for wickless bearish candles.
User-Defined Streak Length: You can specify a Streak Length in the indicator's settings. This defines how many consecutive wickless candles are needed to register a "streak."
Probability Calculation: For the chosen Streak Length, the indicator calculates the historical probability (as a percentage) of encountering such a streak for both bullish and bearish wickless candles. This is done by dividing the number of times a streak of that length has occurred by the total number of candles scanned.
On-Chart Display: The results, including the total wickless candles, total scanned candles, and the calculated streak probabilities, are displayed in a convenient table directly on your chart.
Purpose:
This indicator helps traders and analysts understand the historical likelihood of sustained, strong directional moves as indicated by consecutive wickless candles. By quantifying these probabilities, it can provide insights into potential continuation patterns or extreme market conditions, which might be useful for developing trading strategies or confirming market biases.
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此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。