OPEN-SOURCE SCRIPT
50% candlestick close
This indicator is useful at important level, when you want to see some bullish or bearish signs in candlestick.
At your important support level you can buy, if candlestick close is above 50% of its range, with low of this candlestick as SL.
At your important resistance level you can sell, if candlestick close is below 50% of its range, with high of this candlestick as SL.
At your important support level you can buy, if candlestick close is above 50% of its range, with low of this candlestick as SL.
At your important resistance level you can sell, if candlestick close is below 50% of its range, with high of this candlestick as SL.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.