OPEN-SOURCE SCRIPT
Percentage Change Indicator

Percentage Change Indicator
This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market.
## Formula
The percentage change is calculated using the following formula:
```
Percentage Change = (Current Close - Previous Close) * 100 / Current Close
```
## Features
- Displays percentage change as a bar chart
- Green bars indicate positive changes
- Red bars indicate negative changes
- A horizontal line at 0% helps distinguish between positive and negative movements
## How to Use
1. Add the indicator to your chart
2. Observe the bar chart below your main price chart
3. Green bars above the 0% line indicate upward price movements
4. Red bars below the 0% line indicate downward price movements
5. The height of each bar represents the magnitude of the percentage change
This indicator can be particularly useful for:
- Identifying sudden price spikes or drops
- Analyzing the volatility of an asset
- Comparing price movements across different timeframes
- Spotting potential entry or exit points based on percentage changes
Customize the indicator's appearance in the settings to suit your charting preferences.
Note: This indicator works on all timeframes, adapting its calculations to the selected chart period.
This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market.
## Formula
The percentage change is calculated using the following formula:
```
Percentage Change = (Current Close - Previous Close) * 100 / Current Close
```
## Features
- Displays percentage change as a bar chart
- Green bars indicate positive changes
- Red bars indicate negative changes
- A horizontal line at 0% helps distinguish between positive and negative movements
## How to Use
1. Add the indicator to your chart
2. Observe the bar chart below your main price chart
3. Green bars above the 0% line indicate upward price movements
4. Red bars below the 0% line indicate downward price movements
5. The height of each bar represents the magnitude of the percentage change
This indicator can be particularly useful for:
- Identifying sudden price spikes or drops
- Analyzing the volatility of an asset
- Comparing price movements across different timeframes
- Spotting potential entry or exit points based on percentage changes
Customize the indicator's appearance in the settings to suit your charting preferences.
Note: This indicator works on all timeframes, adapting its calculations to the selected chart period.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.