repo32

Spinning Tops

This is my script for a spinning top. It is just another form of a doji. It is an indecision bar. Enjoy.
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//Created by Robert Nance 7/13/15
//This script is for spinning tops.  I have another script with all the major candlesticks.  This one is to simply identify spinning top candlesticks

stsize=input(.5, minval=.1, title="Spinning Top Size")
study(title = "Spinning Tops", overlay = true)
spinningtop=(open>close) and ((high-low)>(3*(open-close))and(((high-open)/(.001+high-low))< stsize)and (((close-low)/(.001+high-low))< stsize))or
            (close>open) and ((high-low)>(3*(close-open))and(((high-close)/(.001+high-low))< stsize)and (((open-low)/(.001+high-low))< stsize))

plotchar(spinningtop, title="Spinning Top", text='ST', color=yellow, char='+')



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