OPEN-SOURCE SCRIPT

Base Candle Detector

51
//version=6
indicator("Base Candle Detector", overlay=true)

// Calculate candle metrics
bodySize = math.abs(close - open)
totalRange = high - low

// Define base as body being 50% or less of total range
// v6 maintains the logic but ensures cleaner internal boolean evaluation
isBase = bodySize <= (totalRange * 0.5)

// Plotting the shape above the candle
plotshape(isBase,
title="Base Candle",
style=shape.diamond,
location=location.abovebar,
color=color.yellow,
size=size.small)

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