OPEN-SOURCE SCRIPT
PC - HantuGalah
The PC - Hantu Galah indicator is a powerful tool designed for traders seeking to identify significant market momentum and volatility shifts. This indicator features a histogram graph that dynamically adapts to candle size and historical comparisons to highlight critical trading opportunities.
Key Features:
This indicator is ideal for traders looking for a straightforward yet effective way to identify periods of high volatility and capitalize on strong price movements.
Key Features:
- Histogram Visualization: The indicator plots a visually intuitive histogram graph to simplify analysis of candle size dynamics.
- Dynamic Color Coding: The histogram turns blue when the current candle size exceeds 22 points and is also larger than the candle size from 20 periods back.
- Momentum Detection: This feature makes it easier for traders to spot moments of heightened market activity, potentially signaling strong momentum or breakout scenarios.
This indicator is ideal for traders looking for a straightforward yet effective way to identify periods of high volatility and capitalize on strong price movements.
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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Disclaimer
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