PROTECTED SOURCE SCRIPT
Stacked Candles
This indicator highlights "stacked" bullish and bearish candles, providing a visual representation of market momentum. A candle is considered stacked if:
Bullish Stacked Candles: The current candle opens above the midpoint of the previous candle's body and closes higher than it opens. These candles are colored green to indicate strong upward momentum.
Bearish Stacked Candles: The current candle opens below the midpoint of the previous candle's body and closes lower than it opens. These candles are colored red to signify strong downward pressure.
The wick and border colors of stacked candles are adjusted to black to enhance visual clarity, helping you easily identify stacking patterns. Non-stacked candles retain their default appearance.
Bullish Stacked Candles: The current candle opens above the midpoint of the previous candle's body and closes higher than it opens. These candles are colored green to indicate strong upward momentum.
Bearish Stacked Candles: The current candle opens below the midpoint of the previous candle's body and closes lower than it opens. These candles are colored red to signify strong downward pressure.
The wick and border colors of stacked candles are adjusted to black to enhance visual clarity, helping you easily identify stacking patterns. Non-stacked candles retain their default appearance.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.