OPEN-SOURCE SCRIPT
Bull/Bear Candle
This script will display a small triangle under the latest two candles to indicate whether that candle is bullish or bearish based on the following definition.
A bullish candle closes in the top portion of the trading range of the candle while a bearish candle closes in the bottom portion of the trading range of the candle.
The cutoff is currently set at 65% (you can adjust it) so the close must be outside or equal to 65% of the trading range to be considered bullish or bearish. If less than 65% the triangle will indicate a neutral candle.
Colours are;
green triangle = bullish candle
red triangle = bearish candle
yellow triangle = neutral candle
I hope this helps those using TraderCobb's cradle strategy.
A bullish candle closes in the top portion of the trading range of the candle while a bearish candle closes in the bottom portion of the trading range of the candle.
The cutoff is currently set at 65% (you can adjust it) so the close must be outside or equal to 65% of the trading range to be considered bullish or bearish. If less than 65% the triangle will indicate a neutral candle.
Colours are;
green triangle = bullish candle
red triangle = bearish candle
yellow triangle = neutral candle
I hope this helps those using TraderCobb's cradle strategy.
نص برمجي مفتوح المصدر
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
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