OPEN-SOURCE SCRIPT
[F][IND] - Big Candle Identifier
Mis à jour
Description:
The size of a candle in trading offers a fundamental insight into market direction. Larger candles often indicate robust price movements, suggesting strength in either buying or selling activity. In an uptrend, substantial green (bullish) candles signify strong buying momentum, while in a downtrend, sizable red (bearish) candles indicate significant selling pressure. Traders frequently interpret these larger candles as potential signals for a shift in sentiment or the continuation of an existing trend.
This indicator specifically identifies whether the candle body (the difference between Open and Close) is larger than the previous 5 candles. It serves as a simple yet effective tool for traders seeking recent notable candle movements as potential entry signals. It's crucial to emphasize that the indicator labels/alerts are initiated once the technical conditions are satisfied. However, it's imperative to wait for the candle to close to confirm that all technical conditions are met at the close of the candle.
It's important to note that while the candle body size provides valuable information, it's usually more effective when used in conjunction with other technical indicators and analysis methods. Traders often combine multiple tools to gain a comprehensive understanding of the market and make well-informed trading decisions.
Alerts:
You can enable alerts on this indicator to receive timely notifications.
Disclaimer:
This indicator is provided for educational purposes only. Trading involves risk, and users should consult with a financial professional before making any trading decisions.
Your Feedback Matters!
Please feel free to comment or reach out if you have any improvement suggestions or if you would like to request the development of a specific indicator. Your feedback is invaluable!
The size of a candle in trading offers a fundamental insight into market direction. Larger candles often indicate robust price movements, suggesting strength in either buying or selling activity. In an uptrend, substantial green (bullish) candles signify strong buying momentum, while in a downtrend, sizable red (bearish) candles indicate significant selling pressure. Traders frequently interpret these larger candles as potential signals for a shift in sentiment or the continuation of an existing trend.
This indicator specifically identifies whether the candle body (the difference between Open and Close) is larger than the previous 5 candles. It serves as a simple yet effective tool for traders seeking recent notable candle movements as potential entry signals. It's crucial to emphasize that the indicator labels/alerts are initiated once the technical conditions are satisfied. However, it's imperative to wait for the candle to close to confirm that all technical conditions are met at the close of the candle.
It's important to note that while the candle body size provides valuable information, it's usually more effective when used in conjunction with other technical indicators and analysis methods. Traders often combine multiple tools to gain a comprehensive understanding of the market and make well-informed trading decisions.
Alerts:
You can enable alerts on this indicator to receive timely notifications.
Disclaimer:
This indicator is provided for educational purposes only. Trading involves risk, and users should consult with a financial professional before making any trading decisions.
Your Feedback Matters!
Please feel free to comment or reach out if you have any improvement suggestions or if you would like to request the development of a specific indicator. Your feedback is invaluable!
Notes de version
Updated script name to enhance standardization and improve branding consistency.Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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