OPEN-SOURCE SCRIPT
Price action: candlestick trend painter
This script paints bars in different colors based on whether they are trending up or down.
It shows you if a candle is bearish or bullish based on the high and low of the previous candle.
Bull candles form higher highs (HH) and higher lows (HL) from the previous candle and are painted green.
Bear candles form lower highs (LH) and lower lows (LL) from the previous candle and are painted red.
Disclaimer
Copyright by Drbondsbody.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
It shows you if a candle is bearish or bullish based on the high and low of the previous candle.
Bull candles form higher highs (HH) and higher lows (HL) from the previous candle and are painted green.
Bear candles form lower highs (LH) and lower lows (LL) from the previous candle and are painted red.
Disclaimer
Copyright by Drbondsbody.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
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.
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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.