OPEN-SOURCE SCRIPT
Boring Candle - Amol Joshi
Boring Candles for - AZ - DZ
#Breakout Analysis
//version=3
study("Boring Candle", overlay=true)
candleColor = ( abs(open-close)/abs(high-low) > 0.5 )? (open < close ? green : red) : blue
plotcandle(open, high, low, close, color = candleColor)
#Breakout Analysis
//version=3
study("Boring Candle", overlay=true)
candleColor = ( abs(open-close)/abs(high-low) > 0.5 )? (open < close ? green : red) : blue
plotcandle(open, high, low, close, color = candleColor)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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