OPEN-SOURCE SCRIPT
Reductionism candle chart
Here I am introducing "Reductionism candle chart", in most of the case takeing away those distracting "candles", and also remaining the most of data (4 dots) for each index on the chart.
And only keeping high valuation change "price gap" filled up with candles.
For someone who don't relies on candles to their decision. Usually candles are redundant to them.
For someone who uses candle, definitely not all candles are carrying the same amount of information.
Most often less is more, in terms of representing the thing that is not related to your model.
This script the color and the volatility boundary are changeable, so no additional coding is required to use it.
Enjoy :)
And only keeping high valuation change "price gap" filled up with candles.
For someone who don't relies on candles to their decision. Usually candles are redundant to them.
For someone who uses candle, definitely not all candles are carrying the same amount of information.
Most often less is more, in terms of representing the thing that is not related to your model.
This script the color and the volatility boundary are changeable, so no additional coding is required to use it.
Enjoy :)
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.