I had some very good results backtesting in Bullcharts and Tradesim a system using Big White candlesticks. I’d like to duplicate it in Excel. Bullcharts formula must be proprietary, because I couldn’t get into the guts of it.

I couldn’t find a formula or definition of a Big White [Tower/Real Body] anywhere on the net. Everyone talks vaguely about “tall” “long” and “big” candlesticks but no-one defines precisely when is a Big White not a Big White.

I ended up defining it as:

If today’s real body length is2times the average real body over the last100periods. [arbitrary parameters of course.]

Most times this seems to match proprietary software’s candlesticks marked Big White, but not always.

Just wondering if someone has a better formula/definition.

Thank you for your help.

## Bookmarks