OHLC-Ratio Normalized — Indicator by TheTrex

trendanalysis candlestick ohlcranges tradingwithstyle thetrex

Normalized Version of OHLC-Ratio (0-1,0-10,0-100,etc.)

Release Notes:

Updated for easier viewing

Release Notes:

Added "Enable Difference" Option
Basically what you are seeing on the indicator is where bottoms are being bought or tops are being sold (long wick vs full body).

Release Notes:

Version 2.0! Improvement of the following:
-Normalized Candle Display
-Body2Wick Ratio, as candle strength
-Top/Bottom Wick Ratio, as pressure indication
-Colored Candles, Doji, Gravestone, Dragonfly
-Highlighted background for Special Candles

Hope you like it, for more trading talk head over to my profile and find out more.

Release Notes:

Removed Input Doji %, fixed range now between 45% and 55%.

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.

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.

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