Help articles for TC2000 software, EasyScan stock & option screener, charting, trading functions, technical indicators, company fundamentals, formula writing and troubleshooting.
A Short White Candle is first off a White Candle which opens below the close.
O < C
A Short Black Candle is also a Short Candle. The following formula checks for the body to be more than 50% shorter than the mean body size over the most recent 15 candles. It can use C - O instead of ABS(O - C) at the beginning of the formula because we know O < C.
C - O < AVG(ABS(O - C), 15) / 2
Combining these formulas results in the following.
O < C AND C - O < AVG(ABS(O - C), 15) / 2
TC2000 platform & data subscriptions are offered by TC2000 Software Company ("TCS"). Securities brokerage services are offered by TC2000 Brokerage, Inc. ("TCB"), a registered broker dealer, member FINRA/SIPC. TCS and TCB are separate companies affiliated through common ownership.
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