Boring Candle

Mark a candle blue if its body (open-close) is less than 50% of candle size ( high-low )
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.

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Sir is OTA is helpful in trading and r u making succees after their training. Please what's up to 7010490134
+34 Reply
How to use boring candle to determine trend
+24 Reply
aakash-agrawal manishbharadia1
@manishbharadia1, Its not for determining trend. I use it for finding good buy/sell levels as learnt from "online trading academy".
+2 Reply
manishbharadia1 aakash-agrawal
@aakash-agrawal, It will be helpful if you can share your knowledge with us, how to find good buy/sell level using this setup
+6 Reply
aakash-agrawal manishbharadia1
@manishbharadia1, I'm sorry but I can not explain that system as that is a copyright study material from them and before learning it we entered into a contract not to share it outside that student group.
psghai aakash-agrawal
@aakash-agrawal, me 2 OTA student
ramza aakash-agrawal
@aakash-agrawal, hi i tried this method to mt4 but candles mismatching.. can you share the formula or afl please
@ramza, Formula is shown above. I use it here on trading view only, not sure why candle mismatch on mt4
Here is the formula again:
study("Boring Candle", overlay=true)
candleColor = ( abs(open-close)/abs(high-low) > 0.5 )? (open < close ? green : red) : blue
plotcandle(open, high, low, close, color = candleColor)
+2 Reply
ramza aakash-agrawal
@aakash-agrawal, thank you agrawal... i used first line formula of
(open-close) <(high-low)*0.5
but when i tried with this ( abs(open-close)/abs(high-low) > 0.5 ) i got error.. means all the candles are got to be colored so that i asked
@ramza, No not all candles will get blue color, onyl those candles whose body is less than 50% of the candle size will get blue color
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