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Candle Strength
Candle Strength Indicator
Candle Strength Indicator helps traders identify strong bullish or bearish candles based on their body-to-range ratio and volume conditions. The indicator calculates the strength of each candle using the formula:
Candle Strength = (Close – Open) / (High – Low)
A value close to +1 indicates strong buying pressure.
A value close to –1 indicates strong selling pressure.
A value near 0 suggests indecision or weak movement.
To improve signal quality, the indicator filters candles by volume — only highlighting those with volume greater than the moving average.
When a strong candle is detected:
Upward green arrows appear for strong bullish candles.
Downward red arrows appear for strong bearish candles.
You can customize:
Timeframe of candle data.
Volume lookback period.
Strength threshold for signal display.
Candle Strength Indicator helps traders identify strong bullish or bearish candles based on their body-to-range ratio and volume conditions. The indicator calculates the strength of each candle using the formula:
Candle Strength = (Close – Open) / (High – Low)
A value close to +1 indicates strong buying pressure.
A value close to –1 indicates strong selling pressure.
A value near 0 suggests indecision or weak movement.
To improve signal quality, the indicator filters candles by volume — only highlighting those with volume greater than the moving average.
When a strong candle is detected:
Upward green arrows appear for strong bullish candles.
Downward red arrows appear for strong bearish candles.
You can customize:
Timeframe of candle data.
Volume lookback period.
Strength threshold for signal display.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。