OPEN-SOURCE SCRIPT
Updated OHLC-Ratio Normalized
Normalized Version of OHLC-Ratio (0-1,0-10,0-100,etc.)
Release Notes
Updated for easier viewingRelease Notes
Added "Enable Difference" OptionBasically what you are seeing on the indicator is where bottoms are being bought or tops are being sold (long wick vs full body).
Release Notes
Version 2.0! Improvement of the following:-Normalized Candle Display
-Body2Wick Ratio, as candle strength
-Top/Bottom Wick Ratio, as pressure indication
-Colored Candles, Doji, Gravestone, Dragonfly
-Highlighted background for Special Candles
Hope you like it, for more trading talk head over to my profile and find out more.
Release Notes
Removed Input Doji %, fixed range now between 45% and 55%.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.