OPEN-SOURCE SCRIPT
Candle Percentage Change
Updated
ndicator Setup: The script creates an indicator that overlays on the price chart.
Percentage Calculation: It calculates the percentage change between the current and previous candle closes.
Percentage Calculation: It calculates the percentage change between the current and previous candle closes.
Release Notes
Key Features:Percentage Change Calculation:
The script calculates the percentage change between the closing price of the current candle and the previous candle.
The text color of the percentage change is determined based on the direction of the candle:
Green for bullish candles (close > open).
Red for bearish candles (close < open).
Label Positioning:
The percentage change label is positioned slightly above the high of each candle to ensure visibility and avoid overlap with the candle body.
The label uses the syminfo.mintick variable to maintain appropriate spacing based on the instrument's tick size.
Label Creation:
A new label is created for each candle, displaying the calculated percentage change as text.
The label has a transparent background for a cleaner appearance on the chart.
Usage:
This indicator can be added to any price chart in TradingView. It allows traders to assess price movements quickly, identify trends, and make informed trading decisions based on recent price changes.
Example of Use:
A trader looking at a candlestick chart can easily spot how much the price has changed between each candle. For instance, a label showing "+2.35%" indicates a 2.35% increase from the previous close, while "-1.20%" indicates a 1.20% decrease.
This script is particularly useful for day traders, swing traders, and anyone interested in analyzing price action with a clear visual representation of percentage changes in the market.
Release Notes
Indicator Setup: The script creates an indicator that overlays on the price chart.Percentage Calculation: It calculates the percentage change between the current and previous candle closes.
Key Features:
Percentage Change Calculation:
The script calculates the percentage change between the closing price of the current candle and the previous candle.
The text color of the percentage change is determined based on the direction of the candle:
Green for bullish candles (close > open).
Red for bearish candles (close < open).
Usage:
This indicator can be added to any price chart in TradingView. It allows traders to assess price movements quickly, identify trends, and make informed trading decisions based on recent price changes.
Example of Use:
A trader looking at a candlestick chart can easily spot how much the price has changed between each candle. For instance, a label showing "+2.35%" indicates a 2.35% increase from the previous close, while "-1.20%" indicates a 1.20% decrease.
This script is particularly useful for day traders, swing traders, and anyone interested in analyzing price action with a clear visual representation of percentage changes in the market.
Release Notes
Label overlapping issues fixed.Release Notes
Label position fixedOpen-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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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.