OPEN-SOURCE SCRIPT
Candle Price Movement
This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart.
- **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price.
- **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars) and negative values indicating downward movement (red bars).
- **Options**:
- The histogram bars are colored blue with zero opacity, providing a clear visual distinction from the background.
- A horizontal line at zero (the "Zero Line") is added for reference, helping to identify periods of no price movement.
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This indicator provides traders with a quick visualization of the price movement for each candlestick, helping to identify trends and potential trading opportunities.
- **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price.
- **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars) and negative values indicating downward movement (red bars).
- **Options**:
- The histogram bars are colored blue with zero opacity, providing a clear visual distinction from the background.
- A horizontal line at zero (the "Zero Line") is added for reference, helping to identify periods of no price movement.
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This indicator provides traders with a quick visualization of the price movement for each candlestick, helping to identify trends and potential trading opportunities.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.