OPEN-SOURCE SCRIPT
Lara - K线包含关系合并 v0.1
Updated
Based on Chan Theory (缠论), this script simplifies candlestick charts (K線) by merging two overlapping candlesticks. The logic dynamically combines candlesticks into single entity. If two overlapping candlesticks form an upward relationship compared to the previous candlestick, the higher high and higher low are taken. Conversely, if they form a downward relationship, the lower high and lower low are taken.
Release Notes
Instrument changedOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.