PROTECTED SOURCE SCRIPT
Cuban's Candle Colouring
Updated
Using a complex combination of bullish/bearish candle structure (such as engulfings and breakouts) and moving averages, this indicator attempts to illustrate weakness and strength within a trending market.
Included are labels that highlight important breaks of micro structure levels.
The beauty of this script lies in the discretionary trading of 'mid-candle' colour changes, giving the trader a simple micro structure bias.
The white ( bullish ) and dark red ( bearish ) colours are the higher confluence indications of candle structure breakout and breakdown, with the grey (semi-bullish) and pink (semi-bearish) showing trend weakness.
Included are labels that highlight important breaks of micro structure levels.
The beauty of this script lies in the discretionary trading of 'mid-candle' colour changes, giving the trader a simple micro structure bias.
The white ( bullish ) and dark red ( bearish ) colours are the higher confluence indications of candle structure breakout and breakdown, with the grey (semi-bullish) and pink (semi-bearish) showing trend weakness.
Release Notes
- Pine runtime fix
Release Notes
- Extended max bars back
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.