ikulichkov: Moving Candles
Introduction:
Moving Candles is an indicator developed by TradingView user ikulichkov, designed to provide a new perspective on price action. The Moving Candles indicator works by creating unique candlesticks that incorporate both box and line elements. The box element is used to represent the price range of each candle, while the line element represents the opening and closing prices. This provides traders with a visual representation of the relationship between the opening and closing prices and the overall trend of the market.
Indicator Overview:
Moving Candles indicator is based on the simple moving average (SMA), which is calculated for two periods. The indicator displays the fast and slow SMAs on the chart, allowing traders to identify potential trend reversals. The indicator creates unique candlesticks that incorporate both box and line elements. The box element is used to represent the price range of each candle, while the line element represents the opening and closing prices.
The color of the candle created by the indicator reflects the direction of the trend. When the fast SMA is above the slow SMA, the color of the candle is green, indicating an uptrend. When the fast SMA is below the slow SMA, the color of the candle is red, indicating a downtrend. The color of the line (wick) reflects the position of the closing price relative to the opening price of the unique candlestick created by the indicator.
Moving Candles indicator allows traders to customize the style of the candles and change the periods of the moving averages to find optimal results.
Conclusion:
Moving Candles is a useful indicator for traders who want to visualize price action and identify potential trend reversals. By incorporating both box and line elements, the Moving Candles indicator provides traders with a unique perspective on the market. The indicator is easy to use and allows traders to customize the style of the candles and change the periods of the moving averages to find optimal results. Moving Candles is a valuable tool for traders looking to improve their trading strategies and gain a deeper understanding of the market.
Moving Candles is an indicator developed by TradingView user ikulichkov, designed to provide a new perspective on price action. The Moving Candles indicator works by creating unique candlesticks that incorporate both box and line elements. The box element is used to represent the price range of each candle, while the line element represents the opening and closing prices. This provides traders with a visual representation of the relationship between the opening and closing prices and the overall trend of the market.
Indicator Overview:
Moving Candles indicator is based on the simple moving average (SMA), which is calculated for two periods. The indicator displays the fast and slow SMAs on the chart, allowing traders to identify potential trend reversals. The indicator creates unique candlesticks that incorporate both box and line elements. The box element is used to represent the price range of each candle, while the line element represents the opening and closing prices.
The color of the candle created by the indicator reflects the direction of the trend. When the fast SMA is above the slow SMA, the color of the candle is green, indicating an uptrend. When the fast SMA is below the slow SMA, the color of the candle is red, indicating a downtrend. The color of the line (wick) reflects the position of the closing price relative to the opening price of the unique candlestick created by the indicator.
Moving Candles indicator allows traders to customize the style of the candles and change the periods of the moving averages to find optimal results.
Conclusion:
Moving Candles is a useful indicator for traders who want to visualize price action and identify potential trend reversals. By incorporating both box and line elements, the Moving Candles indicator provides traders with a unique perspective on the market. The indicator is easy to use and allows traders to customize the style of the candles and change the periods of the moving averages to find optimal results. Moving Candles is a valuable tool for traders looking to improve their trading strategies and gain a deeper understanding of the market.
Release Notes:
add days candle life
add volume candle
add percent change price
add volume candle
add percent change price