OPEN-SOURCE SCRIPT
Bearish or Bullish Candle
This simple indicator helps you decide whether a candle is bullish or bearish.
--The closer closing price is to the lower red line, the more bearish it is and vice versa.
--If price closes below the red line, the candle is bearish and vice versa.
--The closer closing price is to the lower red line, the more bearish it is and vice versa.
--If price closes below the red line, the candle is bearish and vice versa.
Open-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.
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