OPEN-SOURCE SCRIPT
Updated Half Closing Candle
Half Closing Candle
This indicator identifies candles whose closing price falls within the upper or lower half of the candle range, measured from the midpoint relative to the candle’s open. It helps traders quickly spot candles that close toward the open or high/low extremes, providing insight into momentum, indecision, or potential reversal areas.
The script highlights these candles with a subtle, non-intrusive overlay directly on the chart, without altering candle wicks or overall price representation, ensuring visual clarity and professional presentation.
This indicator identifies candles whose closing price falls within the upper or lower half of the candle range, measured from the midpoint relative to the candle’s open. It helps traders quickly spot candles that close toward the open or high/low extremes, providing insight into momentum, indecision, or potential reversal areas.
The script highlights these candles with a subtle, non-intrusive overlay directly on the chart, without altering candle wicks or overall price representation, ensuring visual clarity and professional presentation.
Release Notes
Half Closing Candle Background HighlightThis indicator identifies candles whose closing price is within the half range toward the open.
Bars meeting the condition are highlighted with a subtle black background at 8% opacity.
Provides a visual cue for candles that close in the lower or upper half toward the open, helping traders quickly spot potential price behavior patterns.
Release Notes
Half Closing CandleThis indicator highlights candles which have the wick of half or more than half on every each candles.
This help traders quickly pivk up those candles which the price got push up towards one direction leaving a long wick below.
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.
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.
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.