SmallRealBody

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Related Topics

 

 

Description

This function tests whether a candlestick has a small real body. The definition of what "small" is depends on the function's third argument.

 

 

Formula

SmallRealBody(instrument, targetBar, smallForm)=begin

  thisRange = Range(instrument, targetBar)

  thisBody = Abs(RealBodyLen(instrument, targetBar))

  thisQuotient = Percentage(thisBody,thisRange)

  retval = FALSE

  if thisQuotient < smallForm then retval = TRUE

end

 

 

Parameters

instrument

An instrument.

 

targetBar

The index of the bar you want to evaluate. 0 is the current bar, 1 is the first bar back, etc.

 

smallForm

A value between 1 and 100 that defines, on a percentage basis, what constitutes a small real body.

 

 

Return Value

TRUE or FALSE

 

 

Examples

...

  if SmallRealBody($1, pnt1, SmallForm) then begin

...

 

 

Comments

NA

 

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