10% Candles — Indicator by jstntham

The 10% Candles indicator tags all candles which have a 10% or more gain/loss

gains are calculated based on the open and high for green candles
losses are calculated based on the open and low for red candles

you can change the percentage in settings, default value is 10%. this would be the minimum gain/loss percentage

0.1 => 10%
0.2 => 20%

hover over the triangle to see the actual gain/loss percentage

Release Notes:

Added consideration of leverage in calculations

Gains/losses will be in relation to your position amount with leverage used.

ie Percentage will be different when using x1 vs x50 vs x100

Note: the default (x1) will calculate the percentage in relation to the pricing

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.

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.

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