OPEN-SOURCE SCRIPT

Bull/Bear Candle

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.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.