OPEN-SOURCE SCRIPT
Exciting Candles by BitcoinBaily
Exciting Candles by BitcoinBaily — is a custom indicator that visually highlights "momentum" or "exciting" candlesticks on the chart.
It helps traders quickly identify candles with strong body-to-range ratios, i.e., candles showing strong price momentum (big move between open and close relative to the high-low range).
If the candle’s body is greater than or equal to the threshold percentage (say 85%), the bar is colored yellow. Otherwise, no color is applied.
Yellow Candle = Exciting Candle
The candle’s body occupies ≥ the set % (e.g., 85%) of the total high-low range.
Indicates strong momentum (buyers or sellers dominated most of that period).
No Color = Neutral / Normal Candle
Price moved both ways (upper & lower wicks), but neither buyers nor sellers fully dominated.
1. Range Breakout: When price breaks a sideways range and a yellow (exciting) candle appears,
it confirms that real momentum has entered — a good time to catch the move early.
2. Trend Pullback: If price dips to a moving average (like 20 or 50 SMA) and then forms a yellow
candle, it signals that buyers are regaining control — often a high-probability trend
continuation entry.
3. Exhaustion Top: A yellow bearish candle near a resistance area shows strong selling pressure
— a warning that the uptrend may be ending.
4. Sideways Market: When no yellow candles appear, the market lacks momentum — best to
stay out and avoid choppy trades.
It helps traders quickly identify candles with strong body-to-range ratios, i.e., candles showing strong price momentum (big move between open and close relative to the high-low range).
If the candle’s body is greater than or equal to the threshold percentage (say 85%), the bar is colored yellow. Otherwise, no color is applied.
Yellow Candle = Exciting Candle
The candle’s body occupies ≥ the set % (e.g., 85%) of the total high-low range.
Indicates strong momentum (buyers or sellers dominated most of that period).
No Color = Neutral / Normal Candle
Price moved both ways (upper & lower wicks), but neither buyers nor sellers fully dominated.
1. Range Breakout: When price breaks a sideways range and a yellow (exciting) candle appears,
it confirms that real momentum has entered — a good time to catch the move early.
2. Trend Pullback: If price dips to a moving average (like 20 or 50 SMA) and then forms a yellow
candle, it signals that buyers are regaining control — often a high-probability trend
continuation entry.
3. Exhaustion Top: A yellow bearish candle near a resistance area shows strong selling pressure
— a warning that the uptrend may be ending.
4. Sideways Market: When no yellow candles appear, the market lacks momentum — best to
stay out and avoid choppy trades.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.