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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.