OPEN-SOURCE SCRIPT
Mother Candle & Baby Candle Signals
How It Works:
Mother Candle: A large candle that engulfs the previous range.
Baby Candle: A candle that stays inside the Mother Candle's high & low.
Buy Signal: When price breaks above the Mother Candle’s high.
Sell Signal: When price breaks below the Mother Candle’s low.
Plots signals & Mother Candle levels for better visibility.
Mother Candle: A large candle that engulfs the previous range.
Baby Candle: A candle that stays inside the Mother Candle's high & low.
Buy Signal: When price breaks above the Mother Candle’s high.
Sell Signal: When price breaks below the Mother Candle’s low.
Plots signals & Mother Candle levels for better visibility.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.