Decisive Candles [louis]
This indicator highlights "decisive" bullish or bearish candles based on candle body strength and minimal counter-wick size.
Users can adjust the allowed counter-wick percentage, minimum body size, and the highlight colors for bullish and bearish decisive candles.
- A bullish candle is marked when price closes above the open and closes near the high, showing strong upward conviction.
- A bearish candle is marked when price closes below the open and closes near the low, showing strong downward conviction.
Users can adjust the allowed counter-wick percentage, minimum body size, and the highlight colors for bullish and bearish decisive candles.
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.
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.