OPEN-SOURCE SCRIPT
Flashcrash Finder Indicator (work in progress)
Taking a pine script course, so still learning.
Here is a basic crash finder, it finds significant fat tailed candlesticks.
Blue is downside crashes
Red is upside crashes
Values greater than 2.5% are significant, however this value can be changed.
For example; look at January 3rd 2019, there was a flash crash.
Here is a basic crash finder, it finds significant fat tailed candlesticks.
Blue is downside crashes
Red is upside crashes
Values greater than 2.5% are significant, however this value can be changed.
For example; look at January 3rd 2019, there was a flash crash.
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.