OPEN-SOURCE SCRIPT
MRK BUY SELL
## CANDLE BODY STRENGTH BUY SELL
**Candle Body Strength Buy Sell** is a price-action-based indicator designed to measure the strength of each candle by comparing its **real body size with its total High-to-Low range**.
### How It Works
The indicator calculates:
**Body Strength % = |Close − Open| ÷ (High − Low) × 100**
A higher percentage means the candle has a larger body relative to its total range, indicating stronger directional price movement with smaller combined wicks.
### BUY Signal 🟢
A **BUY** label appears when:
- The candle is bullish: **Close > Open**
- Candle Body Strength is **70% or higher**
- The candle has fully closed
### SELL Signal 🔴
A **SELL** label appears when:
- The candle is bearish: **Close < Open**
- Candle Body Strength is **70% or higher**
- The candle has fully closed
The minimum strength level is customizable, so traders can change the default **70% threshold** according to their analysis.
### Live Body Strength
The indicator also displays the **current candle's Body Strength %**, making it easy to see how strong the developing candle is.
### Important
Body strength alone does not determine market direction or guarantee continuation. For better context, it can be combined with **market structure, support/resistance, CPR, Fibonacci, RSI, EMA, volume, or other confirmation methods**.
**Disclaimer:** This indicator is created for educational and analytical purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Trading involves risk. Always perform your own analysis and use appropriate risk management.
**Candle Body Strength Buy Sell** is a price-action-based indicator designed to measure the strength of each candle by comparing its **real body size with its total High-to-Low range**.
### How It Works
The indicator calculates:
**Body Strength % = |Close − Open| ÷ (High − Low) × 100**
A higher percentage means the candle has a larger body relative to its total range, indicating stronger directional price movement with smaller combined wicks.
### BUY Signal 🟢
A **BUY** label appears when:
- The candle is bullish: **Close > Open**
- Candle Body Strength is **70% or higher**
- The candle has fully closed
### SELL Signal 🔴
A **SELL** label appears when:
- The candle is bearish: **Close < Open**
- Candle Body Strength is **70% or higher**
- The candle has fully closed
The minimum strength level is customizable, so traders can change the default **70% threshold** according to their analysis.
### Live Body Strength
The indicator also displays the **current candle's Body Strength %**, making it easy to see how strong the developing candle is.
### Important
Body strength alone does not determine market direction or guarantee continuation. For better context, it can be combined with **market structure, support/resistance, CPR, Fibonacci, RSI, EMA, volume, or other confirmation methods**.
**Disclaimer:** This indicator is created for educational and analytical purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Trading involves risk. Always perform your own analysis and use appropriate risk management.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.