OPEN-SOURCE SCRIPT

Bull/Bear Candle

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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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.