OPEN-SOURCE SCRIPT
Candle Percentage Change
//version=6
indicator("Candle Percentage Change", overlay=true)
// Calculate the percentage change
perc_change = ((close - open) / open) * 100
// Determine label color based on the percentage change
labelColor = perc_change >= 0 ? color.green : color.red
// Format the percentage change to two decimal places
labelText = str.tostring(perc_change, "#.##") + "%"
// Place the label above or below the candle
labelY = perc_change >= 0 ? high : low
// Create the label
label.new(x=bar_index, y=labelY, color=color.white, text=labelText, textcolor=color.black, size=size.normal, style=label.style_label_down)
indicator("Candle Percentage Change", overlay=true)
// Calculate the percentage change
perc_change = ((close - open) / open) * 100
// Determine label color based on the percentage change
labelColor = perc_change >= 0 ? color.green : color.red
// Format the percentage change to two decimal places
labelText = str.tostring(perc_change, "#.##") + "%"
// Place the label above or below the candle
labelY = perc_change >= 0 ? high : low
// Create the label
label.new(x=bar_index, y=labelY, color=color.white, text=labelText, textcolor=color.black, size=size.normal, style=label.style_label_down)
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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