Leg Out Candle V2.0The Script marks candles that could be considered as a leg out of a supply/demand and are bigger than the previous ones based on the adjustable lookback value. There is also the option to adjust the threshold ob the body to wick ratio of the leg out candle. The lowest value is 50% because anything lower would be a basing candle.
Legout
Leg Out & IndecisionDisplays Leg Outs & Indecission Candles.
Parameters can be adjusted:
- Length: the number of candles used for calculating the AVG body.
- Legout Scale: the scale factor of the legout based on the AVG. of previous lenght candles
- Indecission candles: Indecission candles which body are lower than % range of the candle
