OPEN-SOURCE SCRIPT
Updated GNess 70% Control Candle Indicator
The GNess 70% Control Candle Indicator highlights candles that demonstrate strong directional control.
It measures the distance from the candle’s open to the furthest price reached in the direction of the close, then evaluates whether the candle closes at least 70% of that move.
Signals are only shown when price also breaks the previous candle’s high (bullish) or low (bearish), helping identify potential momentum-driven moves and continuation opportunities.
This indicator tool is designed to highlight candles with strong directional closure and is intended as a visual aid and should be used in combination with a broader trading strategy.
It measures the distance from the candle’s open to the furthest price reached in the direction of the close, then evaluates whether the candle closes at least 70% of that move.
Signals are only shown when price also breaks the previous candle’s high (bullish) or low (bearish), helping identify potential momentum-driven moves and continuation opportunities.
This indicator tool is designed to highlight candles with strong directional closure and is intended as a visual aid and should be used in combination with a broader trading strategy.
Release Notes
Updated to clearer full measurementsRelease Notes
Updated colors and titleRelease Notes
refined measurementRelease Notes
version 2Release Notes
Adjusted it to: 100% NOT 70%The Candle Closure Indicator highlights candles based on where the closing price occurs within the full range of the candle (low to high).
It identifies bullish candles that close at or near the high of the range and bearish candles that close near the lower portion of the range.
Signals are only displayed when price also breaks the previous candle’s high or low, indicating potential continuation or directional strength.
This tool is intended as a visual aid and should be used alongside a broader trading strategy.
Release Notes
Adjusted 100% Candle closure bear and bullRelease Notes
Minor code change to reach 100%Release Notes
Adjusted percentage to be 100% closure both bear and bull Release Notes
refined percentage closureRelease Notes
refined percentage value for both sidesOpen-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.