OPEN-SOURCE SCRIPT
AAD Research Zeroes
It calculates the "zero" candles for selected period in percentage (here we have 4 hours - 240 minutes, but you can set any you like).
Zero candle mean equal open=close with previous candle.
So as I see from my stats if >5% for 4 hours then do not trade it. That mean there are no volatility on that asset.
Zero candle mean equal open=close with previous candle.
So as I see from my stats if >5% for 4 hours then do not trade it. That mean there are no volatility on that asset.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.