OPEN-SOURCE SCRIPT

Bull/Bear Candle

4421
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.

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。