BillionaireLau

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 :)
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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