OPEN-SOURCE SCRIPT
Updated Candle Body Percent
This indicator shows the body size as percentage of the full candle range (high - low) below each candle.
100% = Marubozu (body = full range)
0% = Doji or very small body
>60% = strong directional candle
Features
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• Green label above bearish candles / below bullish candles
• Shows exact percentage with 2 decimal places
• Color matches candle direction (green/red)
• Handles doji candles and zero-range bars correctly (shows less %)
• Works on all timeframes and instruments
How it's calculated
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Bullish candle: (close - open) / (high - low) × 100
Bearish candle: (open - close) / (high - low) × 100
Doji / flat: 0%
Most people find candles with **>60–70%** body-to-range ratio especially strong.
This indicator helps you spot them instantly without mental math.
Use cases
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• Filter indecisive candles
• Look for high-percentage Marubozu-type candles
• Combine with support/resistance or volume
• Quickly assess momentum strength per bar
Enjoy!
Note -
I am not registered with SEBI, SEC, or any other regulatory authority.
None of this constitutes financial advice, investment recommendations, or trading signals of any kind.
This indicator is provided solely for educational and informational purposes.
Trading involves substantial risk of loss and is not suitable for everyone. Always conduct your own research, use proper risk management, and consult a qualified financial advisor before making any trading decisions. Past performance does not guarantee future results.
Release Notes
This indicator shows the body size as percentage of the full candle range (high - low) below each candle. This is the updated version of the previous script. The Labels are closer to the wicks here making it easy to read without zooming in or out100% = Marubozu (body = full range)
0% = Doji or very small body
>60% = strong directional candle
Features
────────
• Green label above bearish candles / below bullish candles
• Shows exact percentage with 2 decimal places
• Color matches candle direction (green/red)
• Handles doji candles and zero-range bars correctly (shows less %)
• Works on all timeframes and instruments
How it's calculated
───────────────────
Bullish candle: (close - open) / (high - low) × 100
Bearish candle: (open - close) / (high - low) × 100
Doji / flat: 0%
Most people find candles with **>60–70%** body-to-range ratio especially strong.
This indicator helps you spot them instantly without mental math.
Use cases
─────────
• Filter indecisive candles
• Look for high-percentage Marubozu-type candles
• Combine with support/resistance or volume
• Quickly assess momentum strength per bar
Enjoy!
Note -
I am not registered with SEBI, SEC, or any other regulatory authority.
None of this constitutes financial advice, investment recommendations, or trading signals of any kind.
This indicator is provided solely for educational and informational purposes.
Trading involves substantial risk of loss and is not suitable for everyone. Always conduct your own research, use proper risk management, and consult a qualified financial advisor before making any trading decisions. Past performance does not guarantee future results.
Release Notes
Made changes to where labels are shown.Now red candles have labels above them and green candles have labels below them.
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.