OPEN-SOURCE SCRIPT

Range Candles - JD

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This tool takes a "RANGE" chart and transforms it into "NORMAL" or "HEIKEN-ASHI" candles.
Instantly giving you a much better visual interpretation of the "range" information!!!

NOTE: due to the nature of Pinescript and how range charts are constructed it's possible the candles are not formed on every tick!!!
When formed though, they don't repaint and are calculated differently for every bar so you get approximately the most accurate view at the price action that Tradingview can offer you!

For compasrison:
this is a view of the "1 minute" chart:
snapshot

this is the normal "1 range" chart without the candles
snapshot

this is the same "1 range" chart with Heiken-Ashi candles
snapshot

this is the normal "1000 range" chart (+/- equal to the 1 minute) without the candles
snapshot

this is the same "1000 range" chart with Heiken-Ashi candles
snapshot


JD.

#NotTradingAdvice #DYOR

Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!

I build these indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
Notes de version
update to v4.
Notes de version
Corrected the 'Heikin Ashi close' calculation, I forgot to adjust it and never noticed it!

Thanks Nuno_R for pointing it out!

Gr, JD.
candlesrangeTrend Analysis

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.

Vous voulez utiliser ce script sur un graphique ?


Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
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