CandlePositioning — RangeBar

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Configure the precise positioning of Candle #2 in relation to Candle #1 by defining minimum and maximum bar intervals.

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Example : Setting a range from 10 to 30 bars, for instance, ensures that Candle #2 appears anywhere from 10 to 30 bars after Candle #1. This flexibility helps to tailor the time gap specifically to your strategy requirements.

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Bull/Bear

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The "Bull/Bear" parameter allows you to choose whether you want your candle to be bullish or bearish. If you don't select this setting, the candle can be interpreted as either bullish or bearish.

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If you do not select the 'Bull/Bear' setting, it is strongly recommended to use the 'Top of Body Price' and 'Bot of Body Price' prices instead of the 'Close Price' and 'Open Price' in settings where an OHLC price is required such as First%Scale and Second%Scale.

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Tick Size

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Adjust the "Tick Size" setting to specify the precise range in ticks for specific sections of your candlestick (Body/Low Wick/High Wick).

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Set the minimum and maximum ticks allows you to control the size of your candlestick price movements ensuring you to get a specific key candlestick for your pattern strategy.

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Ratio

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Use the "Ratio" parameter to define a relationships between various segments of your Candlestick, such as the body and wicks.

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Adjust the proportions by setting a minimum and maximum range to mold specific candlestick appearances according to your trading strategy.

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This setting is available twice, facilitating the combination of ratios to refine and exclude undesirable type of candlestick.

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Examples of the best ratio combo setups

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