VOLATILITY, DISPERSION & CANDLES
Upper shadow
The wick sticking up above the candle's body — how far buyers pushed before sellers took it back.
spec id: upper_shadow
What does Upper shadow measure?
The wick sticking up above the candle's body — how far buyers pushed before sellers took it back.
How is Upper shadow calculated?
Take the candle's high and subtract the higher of its open and close.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Upper shadow in a bot?
In the builder, add an indicator of type upper_shadow. Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
Related indicators
- VarianceThe spread of recent prices before the square root is taken — standard deviation's rawer twin, used where the squared scale is wanted.
- Z-scoreHow unusual today's price is, in standard deviations from its own recent average.
- Acceleration bandsA price envelope that breathes with the market.
- ATRHow much the stock typically moves in one candle — its temperament.
Or browse all 158 indicators in the full library.