Tail Range Percentile Radar [Pineify]

Tail Range Percentile Radar [Pineify]

Overview
Tail Range Percentile Radar separates candle rarity from candle shape. Four aligned scan lanes compare true range, real body, upper wick and lower wick with their own recent histories. It describes anatomy, not the next move.

Problem Definition
An ATR multiple measures distance from an average, but the same multiple can occur in very different distributions. A long range may also be mostly gap, body or wick. A wick-to-body ratio alone is unstable near a doji and says nothing about historical rarity. Ask two questions: is this component unusual, and does it occupy enough of this candle to matter?

Design Rationale
Separate ranks preserve anatomy hidden by one volatility score. The candidate is excluded from its reference window so an extreme cannot alter its own baseline. Half-weight ties avoid treating repeated tick sizes as distinct observations. A minimum high-low share rejects historically rare but visually trivial parts. Averaging all four ranks was rejected because a large body could mask an exceptional wick; retaining four lanes costs screen space but preserves the reason for each event.

Key Features

• Four prior-only percentile populations with explicit zero handling.
• Independent range and share-qualified body or wick flags.
• A confirmed anatomy strip, three close-only alerts and optional statistics.

How It Works
TR is the largest of high-low, the distance from high to the previous close, and the distance from low to the previous close. Body is absolute close-open; wicks are the distances from the body edges to high and low. Each magnitude is rounded to the symbol's tick size. Its rank is 100 times the count of smaller prior values plus half the equal values, divided by N. Zero parts receive zero. All N preceding bars must have valid OHLC and previous-close data; invalid coverage leaves every lane blank.

A flag needs rank at or above Q. Body and wick flags additionally need their configured share of high-low; a zero high-low gives zero shares. Tail flags do not require extreme TR. The displayed type prioritizes dual tail, upper tail, lower tail, directional body, gap-led range, then range only. Gap-led requires extreme TR and at least 35% of TR outside high-low. Component flags remain independent of this display priority.

How Multiple Indicators Work Together
The four measurements are one candle decomposition, not unrelated trading signals. Rank supplies historical context; share supplies geometric relevance; their conjunction supplies body and tail flags. TR retains total movement, including movement beyond high-low relative to the previous close. Without share, tiny parts can be highlighted; without separate ranks, unusual anatomy disappears inside a single range score.

Trading Ideas and Insights
An upper-tail event identifies an unusually large upper wick, not proven selling pressure or a short entry. A lower tail is equally descriptive. Compare a tail inside ordinary TR with a range event dominated by a body: the patterns answer different anatomy questions. Clusters invite chart review but do not establish reversal odds.

Unique Aspects
Relative to an ATR threshold or candle ratio, the added mechanism is a prior-only, tie-aware four-population comparison with geometric qualification and explicit mixed-tail precedence. It preserves tail rarity even when total range is ordinary. Zero suppression prevents absent wicks from becoming exceptional merely because a reference sample contains many zeros.

How to Use
Read the lanes from top to bottom: gold TR, purple body, orange upper wick, teal lower wick. Each uses its own zero baseline and equal height for 0-100; stacked positions are not a shared numeric axis. Dashed rails mark Q, vivid columns show qualifying components and dots confirm them at close. Use the table or Data Window for actual ranks and anatomy codes. The diamond strip marks the selected closed-bar type.

Customization
Start with N=200, Q=95, wick share=20% and body share=55%; these are design starting points, not optimized settings. Shorter N responds sooner but uses fewer comparisons; higher Q or shares rejects more bars. The statistics window defaults to 100 chart bars. Its rates use eligible closed bars, with sample coverage shown; overlapping flags can sum above 100%. Guides, tips, strip, table and four colors are configurable.

Assumptions and Limitations
Use standard OHLC charts; synthetic candles change the meaning of anatomy. Price scale changes, splits, session gaps, stale bars and regime shifts can distort the raw-size reference. No volume or order-flow data is used. Rank 95 is a sample comparison, not a 5% future probability; it also does not measure how far beyond history a new maximum lies. At least N valid prior observations plus previous-close coverage are needed. Live ranks, shading and table type can change intrabar; tips, strip and alerts require close. Alerts apply to every qualifying closed bar, so consecutive bars can each alert and dual tails can trigger both tail alerts. Choose once per bar close. Parameters, chart history and feed revisions can change results. There is no entry, exit, profitability or reversal model.

Conclusion
The range percentile radar distinguishes unusual total movement from unusual candle parts while keeping rarity and shape separate. Use it as a compact explanation of observed tail volatility, with independent decision rules.