Tall Shadow and Long Tail candlesticks

[spyder9000]

Whats up Wayne,

It's your old buddy Spyder....how are you?
How is your trading going? Very well I assume?

If you don't mind my asking, I would like your help with an EFS that identifies certain candlesticks within a chart.

Specifically I'm looking to identify tall shadows and long tails (bullish and bearing candlesticks with VERY long wicks).

So far I've only been able to identify them as percentages.....meaning that a tall shadow candle has an upper wick that is 65% or more of the entire body of the candle (and a long tail has a lower wick that is 60% of the entire body.

Do you have any EFS code that you can send my way? Or any ideas on where else for me to look?

Mathematically speaking, I also identified them as follows:

**Tall Shadow candlesticks:
((Open - Low) / (High - Low)) >= 0.65


**Long Tail candlesticks:
((High - Open) / (High - Close)) >= 0.65

Please let me know.
Thanks!!

[waynecd]

Hi Spyder,

Glad you are doing well.

I'm sorry to say I don't.

I haven't used it so I don't know what it does but I understand that there is a candlestick identifier efs at:

http://www.ment.com/ESModsF.htm

I haven't heard of any other eSignal efs/program that identifies candlesticks.

If I come across something I'll let you know.

Hopefully someone else might have more on this and is willing to respond.

Good luck.

Wayne