OPEN-SOURCE SCRIPT
Updated Candle Counter
Shows a count of the number of close > open candles over a given range.
- Green line shows the count over the given range.
- Purple line shows the moving average of the green line.
- Grey line is the mean of the range.
Range: Is the amount of candles back to count.
Auto-Smoothing: Is an automatic noise reduction feature.
Smoothing: Is a noise reduction feature of the green line.
Regions below the grey line tend toward over sold territory and region above tend toward over bought.
*** This is not financial advice. Trade at your own risk. Be careful out there.
- Green line shows the count over the given range.
- Purple line shows the moving average of the green line.
- Grey line is the mean of the range.
Range: Is the amount of candles back to count.
Auto-Smoothing: Is an automatic noise reduction feature.
Smoothing: Is a noise reduction feature of the green line.
Regions below the grey line tend toward over sold territory and region above tend toward over bought.
*** This is not financial advice. Trade at your own risk. Be careful out there.
Release Notes
Added description to comments and removed some old code.
Release Notes
+Adds an "all-time average" which indicates the assets trajectory on the macro scale.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.