OPEN-SOURCE SCRIPT
Candle Strength Analysis
View candles differently with this new indicator designed to simply visualise and analyse price movements on your chart!
The more vibrant the colour, the stronger the conviction of its respective candle.
This simple script calculates the closing price as a percentage within the candles high/low range. A colour/strength rating is then assigned to the candle based on where this close price sits within the range.
Strong coloured candles occur when the close is very close to a high or low.
User defined percentage and colour inputs allow for quick personalisation and flexibility.
An additional wick imbalance feature identifies when a candle has a larger wick than its body, which may be used to identify a ranging market or shift in trader sentiment.
For any questions, concerns, or requests, please reach out to me in the comments below.
- The Pine Guru
The more vibrant the colour, the stronger the conviction of its respective candle.
This simple script calculates the closing price as a percentage within the candles high/low range. A colour/strength rating is then assigned to the candle based on where this close price sits within the range.
Strong coloured candles occur when the close is very close to a high or low.
User defined percentage and colour inputs allow for quick personalisation and flexibility.
An additional wick imbalance feature identifies when a candle has a larger wick than its body, which may be used to identify a ranging market or shift in trader sentiment.
For any questions, concerns, or requests, please reach out to me in the comments below.
- The Pine Guru
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.