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Candlestick Body Ratio with MA

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How It Works (Brief Overview):
It computes the ratio of the candle’s body size to its total range (high–low).
• A ratio close to 1 means a strong, decisive candle.
• A ratio near 0 means a weak or indecisive candle (like a doji).

• Visual Output:
• Plots the body ratio as an orange line. (Black Histogram)
• Optionally marks strong-bodied candles with a green triangle above the bar. (Orange Diamond)

Why It’s Useful:
Helps identify momentum candles with conviction. Filters out weak signals in breakout or reversal strategies. Can be combined with divergence or volume tools for confluence.

Think Like A Market Maker: ThePipAssassin

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