OPEN-SOURCE SCRIPT
OHLC-Ratio Normalized
Updated
Normalized Version of OHLC-Ratio (0-1,0-10,0-100,etc.)
Release Notes
Updated for easier viewingRelease Notes
Added "Enable Difference" OptionBasically what you are seeing on the indicator is where bottoms are being bought or tops are being sold (long wick vs full body).
Release Notes
Version 2.0! Improvement of the following:-Normalized Candle Display
-Body2Wick Ratio, as candle strength
-Top/Bottom Wick Ratio, as pressure indication
-Colored Candles, Doji, Gravestone, Dragonfly
-Highlighted background for Special Candles
Hope you like it, for more trading talk head over to my profile and find out more.
Release Notes
Removed Input Doji %, fixed range now between 45% and 55%.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.