OPEN-SOURCE SCRIPT
Period Counter Candle
Description:
The Period Candle Counter is a Pine Script v6 indicator designed to track and display candle statistics within a user-defined time range. This tool provides valuable insights into market movement by counting green (bullish) and red (bearish) candles within the selected period, along with their respective percentages.
Additionally, it calculates the total duration of the selected candles based on the current chart timeframe. This allows traders to understand how much actual market time has passed during the analyzed period.
Features & Functionality:
✅ Custom Time Selection:
Users can define a start and end time for the analysis.
The indicator automatically identifies and tracks candles within this period.
✅ Candle Count & Percentages:
Total Candles in the selected period.
Green Candle Count & Percentage (bullish candles).
Red Candle Count & Percentage (bearish candles).
✅ Time Calculation:
Multiplies the number of candles by the chart timeframe.
Converts the total time into hours and minutes (e.g., "2h 30m").
✅ User-Friendly Display:
Data is neatly organized in a panel positioned in the top-right corner of the chart.
Background highlighting is applied during the selected period for easy visualization.
Use Cases:
📊 Trend Analysis – Helps traders identify whether a session was bullish or bearish.
⏳ Market Session Timing – Understand how long a specific trend or movement lasted.
📉 Backtesting Strategy Support – Evaluate historical periods efficiently.
The Period Candle Counter is a Pine Script v6 indicator designed to track and display candle statistics within a user-defined time range. This tool provides valuable insights into market movement by counting green (bullish) and red (bearish) candles within the selected period, along with their respective percentages.
Additionally, it calculates the total duration of the selected candles based on the current chart timeframe. This allows traders to understand how much actual market time has passed during the analyzed period.
Features & Functionality:
✅ Custom Time Selection:
Users can define a start and end time for the analysis.
The indicator automatically identifies and tracks candles within this period.
✅ Candle Count & Percentages:
Total Candles in the selected period.
Green Candle Count & Percentage (bullish candles).
Red Candle Count & Percentage (bearish candles).
✅ Time Calculation:
Multiplies the number of candles by the chart timeframe.
Converts the total time into hours and minutes (e.g., "2h 30m").
✅ User-Friendly Display:
Data is neatly organized in a panel positioned in the top-right corner of the chart.
Background highlighting is applied during the selected period for easy visualization.
Use Cases:
📊 Trend Analysis – Helps traders identify whether a session was bullish or bearish.
⏳ Market Session Timing – Understand how long a specific trend or movement lasted.
📉 Backtesting Strategy Support – Evaluate historical periods efficiently.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.