Body / Range is a volatility indicator that shows how many percentages the body candle occupies the range. The ratio tells us about the health and confidence of the current candlestick. Since overall candle Range is always bigger than the body range, Body/Range indicator will always fluctuate inside a range of 0 and 100%. I didn't use True Range because it...
Over the specified bar range, plots a vertical line from open to close using the specified colors and line width (in pixels). In effect, these look like thinner/thicker candle bodies. The default candle bodies are made transparent over this range to make them appear hidden. The indicator is capable of referencing the bar colors from another plot, using a...
Largest Candle Profile A simple script that finds the largest candle between a user's defined area. Search for the largest candle (high-low), largest body (open-close) or largest wick between any selected area. How To Use: Anchor pivot A and B on the area of choice. Indicator can be used to detect levels of interest. Coded to be used with anchored vwap,...
Buying and selling pressure is a volatility indicator which denotes the balance between buyers and sellers inside candlestick. You set the length to average it just like ATR. But This offers further break down of participants of the market. Pretty much at any condition of the market the indicator can filter out interesting details to make trading decisions...
This script is meant to be a form of pure candlestick analysis. Terminology in the description used below is as follows: - numcands = Number of candles specified by the user to be used for sampling in each moving average. This script plots moving average (SMA/EMA specified by the user ) of the percentage of the high-low range that the previous {numcands}...
Candlestick body and Wick Length Index (CWL) Shows a trend chart of candle body length and wick length. Green -> Candle body Red -> Candle Wick -- Invsto
Easy script to find candles which body is less than 50% of candle range.