NIMBLR F2F Momentum & Indecisive Candle Finder

Indicator based on strategy shared by Nimblr in Elearnmarket Face to face interview
Red Circle means "Indecision" (I)
Green Plus means "Momentum" (M)

Release Notes

There are only possibilities for this either the candle will be indecision or momentum.
So removed indecision filter
Also removed naming to make charts more clean.

Release Notes

Indecision candle is defined as (open-close) < 0.15*(high-low)
And that candle is marked with red circle and 'I'

Release Notes

Now a user can defined percentage of Momentum and Indecision Candle. Default value of Momentum candle is 50% of (high-low) and for indecision candle is 15% of (high-low).

User can set any percentage value now.

ymehta50

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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.

Want to use this script on a chart?

ymehta50

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