Candle size in pipsDescription
Enhance your trading strategy with precision using this script, designed to measure the range of a candle from wick to wick in pips. Whether you're implementing a specific pip requirement within a candle for your strategy, or simply seeking to better understand market dynamics, this tool provides valuable insights. The script is calculating the amount of pips between the high and the low then compares it to the minimal size you declared. If the amount of pips is more or equal to minimal size it will show the label.
Features
Alert Functionality: Opt to receive alerts by checking the checkbox (default: false).
Customizable Pip Threshold: Tailor the script to your needs by setting the minimum required pips to display on the screen (default: 12).
Different shape: circle, triangle up, triangle down, none
How to Use
Personalize your trading approach by integrating this script with your preferred strategy. For instance, in my strategy involving a 3M continuation, I leverage this tool to determine the pip count of the M15 candle before making entry decisions.
Note: Ensure you understand your strategy's requirements and adjust the script settings accordingly for optimal result s.
Feel free to reach out if you have any questions or require further assistance in maximizing the utility of this script.
Candlesize
Candle Strength IndicatorThe candle strength indicator depicts the average strength of the price action by evaluating bullish vs bearish candles.
The scale is relative to price fluctuation and the size of the candles for the particular ticker / market, so there are no significant levels.
A cross on the zero line would generally indicate a change in trend / sentiment.
This indicator may be useful as a filter for entries and use in confluence with other indicators.
Big Candle DetectorJust what it says plebiscites..... This indicator can't tell you whether you'll find true love, but it can tell you which candles are fatter.
This is CryptoFilio, your dark knight in the crypto light, shining my infinite wisdom down upon the undeserving masses.
Everything here is adjustable, not like your real candle. So you can decide what size of candle you prefer, according to what timeframe. The sensitivity setting combined with the lookback will find more or fewer candles as you adjust it.
In addition, there is a nice little orange and blue line which is tracking how big and how small on average the candles are. This helps to tell you something about relationship volatility in the market. Sudden changes of candle sizes can tell you that things have changed in your relationship to the security.
Want me to add something to this indicator, or change it up a bit... drop me a line or a dime and I'll consider it!
