OPEN-SOURCE SCRIPT

Shaved Candle Identifier

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This script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle.

Shaved candles represent major liquidity zones, and tend to get swept in the future.

Shaved candles are useful for spotting reversals and as price targets.
  • Green is when open = low
  • Red is when open = high
  • Blue is when close = high
  • Orange is when close = low


There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.

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