This script aims to show elephant and shootingstar candles. Body for elephant are at least 70% of the whole candle. Shootingstar have a body of 35% times the lenht of the full candle. Both are searched with 1.3 Standard Deviations as noise within 100 bars. Colors are ploted if closes above/below 200 SMA
This script detects an event created by Oliver Velez, basically it is a wide-range candle, its range is noticeably larger than the previous candles, this event indicates a possible continuation of the movement, or the beginning of an extended movement. The candle has to be of good body, as a rule it can be taken that the body must be more than 70%. The stop goes...
