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Nearterm

B3 HL2 Method Candle PainterThis script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5 possible colors: HL2>LastHigh = Bright Green HL2LastHL2 = Dull Green HL2<LastHL2 = Dull Red Bar Change (close - open) is going against the indicator = Gray Free to share and enjoy! ~B3
Pine Script® indicator
by HammondB3

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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