Candle Size w/ SMA — Indicator by bimmeresty

This simple indicator calculates the absolute size of the candle by the open and close or high and low values and then plots it on a histogram. It also features a simple moving average with a customizable lookback to track the average candle size based on your lookback.

This indicator can be used to spot unusually large or small candles. And can also be used for testing other strategies or indicators related to candle sizes.

Release Notes:

updated titles

Release Notes:

small update

Release Notes:

Added Multi-Time Frame functionality.

This can be used so you can see a lower timeframe yet still know what the candle size or average candle size is on higher time frames.

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 a 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.

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