OPEN-SOURCE SCRIPT
Shadow Detector

//version=5
indicator("Shadow Detector", overlay=true)
// === Inputs ===
// ---- Upper Wick Controls ----
enableMinUpperWick = input.bool(true, "", group="Long Upper Wick Settings",inline = 'A')
minUpperWickPerc = input.float(0.4, "Min Upper Wick %", step=0.01, group="Long Upper Wick Settings",inline = 'A')
enableMaxLowerWick = input.bool(true, "", group="Long Upper Wick Settings",inline = 'B')
maxLowerWickPerc = input.float(0.5, "Max Lower Wick %", step=0.01, group="Long Upper Wick Settings",inline = 'B')
enableMaxBodyUpper = input.bool(true, " ", group="Long Upper Wick Settings",inline = 'C')
maxBodyPercUpper = input.float(100.0, "Max Body % (Upper Wick)", step=0.01, group="Long Upper Wick Settings",inline = 'C')
// ---- Lower Wick Controls ----
enableMinLowerWick = input.bool(true, "", group="Long Lower Wick Settings",inline = 'd')
minLowerWickPerc = input.float(0.4, "Min Lower Wick %", step=0.01, group="Long Lower Wick Settings",inline = 'd')
enableMaxUpperWick = input.bool(true, "", group="Long Lower Wick Settings",inline = 'e')
maxUpperWickPerc = input.float(0.5, "Max Upper Wick %", step=0.01, group="Long Lower Wick Settings",inline = 'e')
enableMaxBodyLower = input.bool(true, "", group="Long Lower Wick Settings",inline = 'f')
maxBodyPercLower = input.float(100.0, "Max Body % (Lower Wick)", step=0.01, group="Long Lower Wick Settings",inline = 'f')
// === Calculations ===
bodySize = math.abs(close - open)
upperWick = high - math.max(open, close)
lowerWick = math.min(open, close) - low
// Reference price
refPrice = close // you can change to (high+low)/2 or open if preferred
// Thresholds for Upper Wick Condition
minUpperWickPoints = refPrice * (minUpperWickPerc / 100)
maxLowerWickPoints = refPrice * (maxLowerWickPerc / 100)
maxBodyPointsUpper = refPrice * (maxBodyPercUpper / 100)
// Thresholds for Lower Wick Condition
minLowerWickPoints = refPrice * (minLowerWickPerc / 100)
maxUpperWickPoints = refPrice * (maxUpperWickPerc / 100)
maxBodyPointsLower = refPrice * (maxBodyPercLower / 100)
// === Conditions with Enable/Disable Logic ===
// Long Upper Shadow conditions (only check enabled conditions)
upperCondition1 = enableMaxBodyUpper ? bodySize <= maxBodyPointsUpper : true
upperCondition2 = enableMinUpperWick ? upperWick >= minUpperWickPoints : true
upperCondition3 = enableMaxLowerWick ? lowerWick <= maxLowerWickPoints : true
longUpper = upperCondition1 and upperCondition2 and upperCondition3
// Long Lower Shadow conditions (only check enabled conditions)
lowerCondition1 = enableMaxBodyLower ? bodySize <= maxBodyPointsLower : true
lowerCondition2 = enableMinLowerWick ? lowerWick >= minLowerWickPoints : true
lowerCondition3 = enableMaxUpperWick ? upperWick <= maxUpperWickPoints : true
longLower = lowerCondition1 and lowerCondition2 and lowerCondition3
// === Plot Shapes ===
plotshape(longUpper, title="Long Upper Shadow", style=shape.triangledown, color=color.red, size=size.small, location=location.abovebar)
plotshape(longLower, title="Long Lower Shadow", style=shape.triangleup, color=color.green, size=size.small, location=location.belowbar)
// === Alerts ===
alertcondition(longUpper, title="Long Upper Shadow", message="Upper shadow conditions met")
alertcondition(longLower, title="Long Lower Shadow", message="Lower shadow conditions met")
indicator("Shadow Detector", overlay=true)
// === Inputs ===
// ---- Upper Wick Controls ----
enableMinUpperWick = input.bool(true, "", group="Long Upper Wick Settings",inline = 'A')
minUpperWickPerc = input.float(0.4, "Min Upper Wick %", step=0.01, group="Long Upper Wick Settings",inline = 'A')
enableMaxLowerWick = input.bool(true, "", group="Long Upper Wick Settings",inline = 'B')
maxLowerWickPerc = input.float(0.5, "Max Lower Wick %", step=0.01, group="Long Upper Wick Settings",inline = 'B')
enableMaxBodyUpper = input.bool(true, " ", group="Long Upper Wick Settings",inline = 'C')
maxBodyPercUpper = input.float(100.0, "Max Body % (Upper Wick)", step=0.01, group="Long Upper Wick Settings",inline = 'C')
// ---- Lower Wick Controls ----
enableMinLowerWick = input.bool(true, "", group="Long Lower Wick Settings",inline = 'd')
minLowerWickPerc = input.float(0.4, "Min Lower Wick %", step=0.01, group="Long Lower Wick Settings",inline = 'd')
enableMaxUpperWick = input.bool(true, "", group="Long Lower Wick Settings",inline = 'e')
maxUpperWickPerc = input.float(0.5, "Max Upper Wick %", step=0.01, group="Long Lower Wick Settings",inline = 'e')
enableMaxBodyLower = input.bool(true, "", group="Long Lower Wick Settings",inline = 'f')
maxBodyPercLower = input.float(100.0, "Max Body % (Lower Wick)", step=0.01, group="Long Lower Wick Settings",inline = 'f')
// === Calculations ===
bodySize = math.abs(close - open)
upperWick = high - math.max(open, close)
lowerWick = math.min(open, close) - low
// Reference price
refPrice = close // you can change to (high+low)/2 or open if preferred
// Thresholds for Upper Wick Condition
minUpperWickPoints = refPrice * (minUpperWickPerc / 100)
maxLowerWickPoints = refPrice * (maxLowerWickPerc / 100)
maxBodyPointsUpper = refPrice * (maxBodyPercUpper / 100)
// Thresholds for Lower Wick Condition
minLowerWickPoints = refPrice * (minLowerWickPerc / 100)
maxUpperWickPoints = refPrice * (maxUpperWickPerc / 100)
maxBodyPointsLower = refPrice * (maxBodyPercLower / 100)
// === Conditions with Enable/Disable Logic ===
// Long Upper Shadow conditions (only check enabled conditions)
upperCondition1 = enableMaxBodyUpper ? bodySize <= maxBodyPointsUpper : true
upperCondition2 = enableMinUpperWick ? upperWick >= minUpperWickPoints : true
upperCondition3 = enableMaxLowerWick ? lowerWick <= maxLowerWickPoints : true
longUpper = upperCondition1 and upperCondition2 and upperCondition3
// Long Lower Shadow conditions (only check enabled conditions)
lowerCondition1 = enableMaxBodyLower ? bodySize <= maxBodyPointsLower : true
lowerCondition2 = enableMinLowerWick ? lowerWick >= minLowerWickPoints : true
lowerCondition3 = enableMaxUpperWick ? upperWick <= maxUpperWickPoints : true
longLower = lowerCondition1 and lowerCondition2 and lowerCondition3
// === Plot Shapes ===
plotshape(longUpper, title="Long Upper Shadow", style=shape.triangledown, color=color.red, size=size.small, location=location.abovebar)
plotshape(longLower, title="Long Lower Shadow", style=shape.triangleup, color=color.green, size=size.small, location=location.belowbar)
// === Alerts ===
alertcondition(longUpper, title="Long Upper Shadow", message="Upper shadow conditions met")
alertcondition(longLower, title="Long Lower Shadow", message="Lower shadow conditions met")
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.