Fat Fingers studyIt often happens that prices moves to fast below or above the previous price levels. A very large wick up or down the candle are formed then.
These wicks are Fat fingers because they are very large in comparison wiith the other wicks.
Fat fingers study is a simple but effective way to detect these fat fingers.
HOW TO USE:
Set the percentage of the wicks for upward movement or downward movement.
Note!
These values are different for each market.
Markets:
It can be used to all markets.
Large
Large Candles Checker v2Using this indicator allows you to indentify large candles directly in your stock chart at first glance. The algorithm of the indicator *Large Candles Checker v2* was optimized in this new indicator as well as it using the new pine script version v4. For backwards compatibility reasons this indicator is published as v2.
Added tails and wicks (also referred to as long and short shadows) to the calculation algorithm. You will be able to configure the tails and wicks in the indicator settings. And the calculated percentage value of large candles will now also be displayed.
It uses two different sorts for large candles (yellow, e.g. larger than 3%) and for very large candles (red, e.g. larger than 6%). These values can be changed in the indicator settings.
Hope this helps many of you to be more efficient in your chart analysis - have fun!
