Indicators: Candle_Ratio

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Candle_Ratio:

The ratio of bullish to bearish candlesticks over the selected period. The indicator shows the ratio between bullish and bearish candlesticks over the specified period.

The indicator has three input parameters:

  • Period - calculation period
  • Smoothing period - the period of smoothing
  • Method - the method of smoothing

Calculation formula:

Up Candle

Up=close-open;
Down =0;


Down Candle

Down=open-close;
Up = 0;
Ratio = Sum(Up) / Sum (Down);

Author: Scriptor

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