Green/Red Candle Ratio - Ratiomizer V1.01

16 ore fa

🔥 Green/Red Candle Ratio Indicator 🔥
📊 Track Market Momentum Instantly!

🚀 Welcome to the Green/Red Candle Ratio Indicator! 🚀

This script dynamically calculates the ratio of green (bullish) vs. red (bearish) candles in your visible chart area, giving you a quick overview of market sentiment.

🛠 About This Script
⚡ Created with the help of ChatGPT – This is an early draft and open-source for everyone to use and improve!
⚠️ Short timeframe users (1min, 5min, etc.) – Be aware that too many candles can sometimes cause issues with calculations.

🔗 If you improve on this idea or use it in your own project, I’d love a little credit! 💙

📺 Follow My Trading Journey!
🎥 Live Trading, Insights & Market Analysis:
📌 YouTube → YouTube.com/TheMysticMonkey09
📌 Kick → Kick.com/BeeZee09

🙌 Support the content and join an awesome trading community!

💡 How to Use This Indicator
1️⃣ Apply it to your chart
2️⃣ See the real-time green/red candle ratio
3️⃣ Zoom in/out to dynamically adjust the calculations
4️⃣ Use it as an extra confirmation tool for trend momentum

💬 Feedback & improvements are welcome! If you run into issues or have ideas to make this script better, let me know in the community!

🔥 Happy Trading & Stay Profitable! 🔥 🏆




//version=5
indicator("Green/Red Candle Ratio", overlay=true)

// Define the number of past bars to check (must be within TradingView limits)
maxBarsBack = math.min(500, bar_index) // Ensures we do not exceed available bars

// Initialize counters
greenCount = 0
redCount = 0
neutralCount = 0
totalBars = 0

// Loop through the last `maxBarsBack` bars
for i = 0 to maxBarsBack - 1
idx = bar_index - i
if idx >= 0
if close[idx] > open[idx]
greenCount := greenCount + 1
else if close[idx] < open[idx]
redCount := redCount + 1
else
neutralCount := neutralCount + 1

// Ensure only green + red candles contribute to the percentage calculation
validBars = greenCount + redCount

// Calculate ratios correctly so they always add up to 100%
greenRatio = validBars > 0 ? (greenCount / validBars) * 100 : na
redRatio = validBars > 0 ? (redCount / validBars) * 100 : na

// Create label text
labelText = "Green: " + str.tostring(greenRatio, "#.##") + "%\nRed: " + str.tostring(redRatio, "#.##")
labelColor = greenRatio > redRatio ? color.green : color.red

// Delete previous label before creating a new one
var label ratioLabel = na

if not na(ratioLabel)
label.delete(ratioLabel)

// Display only one label that updates dynamically
ratioLabel := label.new(bar_index, high, labelText, color=color.white, textcolor=labelColor, size=size.normal, style=label.style_label_down)

21 minuti fa

Note di rilascio

📢 Update Notes for V1.02 – Green/Red Candle Ratio Indicator 📢
🚀 Hey traders! I’ve made some updates to the script, and here’s what’s new in V1.02! 🚀

1️⃣ 🔄 Improved Candle Count:
I adjusted the max candles counted from 500 to 107. Why 107? Because it lined up perfectly with Bitcoin’s candle structure, making the ratio a little more accurate! 🎯

2️⃣ 📌 Customizable Candle Count:
Don’t forget—you can adjust this setting to find the right balance for your trading strategy! Play around with the number of candles and see what works best for you. 📊

3️⃣ 🔹 NEW Marker Feature:
A BIG purple line 📍 now drops on the 107th (or last counted) candle! This visually marks where the indicator stops averaging the green/red ratios, making it easier to track the measurement range.

🛠 Final Thoughts:
This update should make the indicator more precise and visually intuitive. If you find a different candle count that works better for you, feel free to tweak it! And as always, let me know if you have any feedback or improvements! 🔥

📈 Happy Trading & Stay Profitable! 🚀💰