OPEN-SOURCE SCRIPT
Net Body Accumulation Visualizer
"This indicator calculates the sum of green candles and red candles over a specific lookback period and displays the resulting 'Net Body.'
How to Use:
Trend Strength: When the candle is below the 0-line, it indicates strong selling pressure; when it is above the 0-line, it shows strong buying pressure.
MA Trading: It enables trading strategies based on Moving Average (SMA) lines.
Trend Identification: It makes it easy to identify whether the overall trend is bullish or bearish."
How to Use:
Trend Strength: When the candle is below the 0-line, it indicates strong selling pressure; when it is above the 0-line, it shows strong buying pressure.
MA Trading: It enables trading strategies based on Moving Average (SMA) lines.
Trend Identification: It makes it easy to identify whether the overall trend is bullish or bearish."
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.