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Candletrend

CFR - Candle Formation RatioDescription This indicator is designed to detect candles with small bodies and significant wick-to-body ratios, often useful for identifying doji-like structures and potential accumulation areas. Features Filter candles by maximum body size (% of the total candle range). Require that wicks are at least X times larger than the body. Define the position of the body within the candle (e.g., body must be between 40% and 60% of the candle height). Visual output: a single arrow marker when conditions are met. Fully customizable marker color and size. ⚠️ Note: The settings of this version are currently in Turkish. An English version of the settings will be released in the future.
Pine Script® indicator
by Beyazmo
11

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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