ymehta50

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.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Indecision is <50% of candle height to body height
+8 Reply
ymehta50 akshi215
@akshi215, yes
Reply
Sir Can u also Code for tiny indecision Candle Please?
Reply
@mi37, if its not momentum candle then its indecision candle
Reply
krsna ymehta50
@ymehta50, Tiny indecision candle is indecision candle and also satisfies (H-L)/OPEN*100 < .15%.
Reply
@krsna, Abv code takes case of both. For indecision there is no marking, and if it is Tiny ( ofcourse Indecision) it is marked by I
Reply
@mi37, For indecision there is no marking, and if it is Tiny ( ofcourse Indecision) it is marked by I
Reply
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