OPEN-SOURCE SCRIPT
70% rule strength/trend/reversal
This indicator tells you which candle closed strong for the day by identifying if the price closed above 70% of the candle's total height. this can help you identify reversals/new trends/ renewed strength in the current trend.
The indicator colors such candle green and if the candle closes with increase in price by 5% or higher then marks an asterisk under the candle.
HOPE THIS HELPS
The indicator colors such candle green and if the candle closes with increase in price by 5% or higher then marks an asterisk under the candle.
HOPE THIS HELPS
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