OPEN-SOURCE SCRIPT

Candle Size Compared to ATR

226
The "Candle Size Compared to ATR" indicator compares each candle's range to the ATR and colors it based on the strength of its close. Key features include:

  • Strong Candles & ATR Comparison: If a candle's range exceeds the ATR threshold, it is highlighted to indicate potential significant price movement.
  • Double Candle Covering Previous Plot: This feature identifies cases where a two-candle formation covers the previous range and meets ATR conditions, helping spot potential trend continuation or reversal signals.
  • Continuous Reversing Patterns: The indicator tracks reversal attempts by monitoring whether recent strong bullish or bearish candles are reversing previous highs or lows. If a reversal is in progress, it is marked with a colored circle, and an arrow appears when a new reversal starts.


This indicator helps traders quickly spot strong price moves, reversals, and trend continuations based on ATR dynamics.

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.