MattDeLong

2% candle

Part of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility ).
I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it.

Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking the gear icon next to the indicator after you have added the indicator to your chart. Works on any timeframe, 5m, 1h, 1d, etc , obviously
the higher the timeframe, the larger the move.
Eliminar de Scripts favoritos. Añadir a Scripts favoritos.
//@version=2
//author = https://www.tradingview.com/u/MattDeLong/
//Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking the gear icon next
//to the indicator after you have added the indicator to your chart. Works on any timeframe, 5m, 1h, 1d, etc , obviously 
//the higher the timeframe, the larger the move
study("2% candle", overlay=false)

move1 = input(1, 'Horizontal Line1 %', type=integer)
move2 = input(2, 'Horizontal Line2 %', type=integer)

move(k) =>
    (high[k] - low[k]) / high[k] * 100

p1 = plot(move(0), color=gray)
p2 = plot(move2, color=gray)
p3 = plot(move1, color=silver)
fill(p1, p2, color=#8b0000)
fill(p2, p3, color=red)
Hi, would you please grant access pls
Responder
amazing! Bravo
Responder
Yes!
Responder
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Shows Cómo funciona Funcionalidades del gráfico Precios Normas Moderadores Soluciones broker y sitio web Widgets Soluciones gráficas Biblioteca de gráficos ligeros Centro de ayuda Recomendar a un amigo Solicitud de funcionalidad Blog y Noticias Preguntas frecuentes Wiki Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Recomendar a un amigo Mis Tickets de Soporte Centro de ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión