OPEN-SOURCE SCRIPT
DOJI FU Indicator
Indicator is designed to paint a doji, the size of which can be adjusted in settings.
Provided there is a valid doji, the following candle is a 'FU candle' or an 'Institution' candle. This candle wicks above/below the doji and takes liquidity from above or below.
Colours can be changed
Red = Doji candle
Yellow = FU candle
Example shown on the 1hr chart, red doji indicating a change of trend upwards, the FU candle (yellow) takes liquidity from above and sweeps down.
Provided there is a valid doji, the following candle is a 'FU candle' or an 'Institution' candle. This candle wicks above/below the doji and takes liquidity from above or below.
Colours can be changed
Red = Doji candle
Yellow = FU candle
Example shown on the 1hr chart, red doji indicating a change of trend upwards, the FU candle (yellow) takes liquidity from above and sweeps down.
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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