OPEN-SOURCE SCRIPT

B3 HL2 Method Candle Painter

5825
This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5 possible colors:
HL2>LastHigh = Bright Green
HL2<LastLow = Bright Red
HL2>LastHL2 = Dull Green
HL2<LastHL2 = Dull Red
Bar Change (close - open) is going against the indicator = Gray

Free to share and enjoy!
~B3

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.