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Hi,
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Hi Tomasz hope you had am enjoyable trip
Thanks, yes I did.
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this is a snip of code from your coding
candlesticks afl
I guess it measures the body of a
candle
could you please explain how this works in simple
english
BBandBot( Body,55,0.5);
ThBotB =BBandBot( Body,55,0.5);
BBandBot function calculates lower (bottom)
bollinger band from
array specified as a first argument.
Bottom bollinger band is calculated as
moving_average( period ) - width *
standard_deviation( period )
The author of original article Mr. Likhovidov
uses this formula
to calculate average candle body
weight.
Best regards,
Tomasz Janeczko
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