Candle Color RatioThe Candle Color Ratio indicator is designed to analyze the ratio of green (bullish) to red (bearish) candles over a specified lookback period. This ratio can offer insights into the prevailing market sentiment and potential trend reversals. The indicator calculates the number of green and red candles and provides two key metrics: the Green to Red Ratio and the Red to Green Ratio. Additionally, it allows users to set a threshold for these ratios to identify extreme sentiment conditions.
Calculations :
- Green Score and Red Score: The script first checks the color of the candles over a user-defined lookback period (up to 10 bars back). For each bar, it assesses whether the closing price is higher (green) or lower (red) than the opening price. The green and red scores are calculated by counting the number of green and red candles, respectively, within the lookback period.
- Green to Red Ratio: This metric is the ratio of the Green Score to the Red Score. It quantifies the relative prevalence of bullish candles compared to bearish candles within the specified lookback period. A higher Green to Red ratio indicates a stronger bullish sentiment.
- Red to Green Ratio: This metric is the inverse of the Green to Red Ratio. It calculates the relative prevalence of bearish candles compared to bullish candles within the lookback period. A higher Red to Green ratio indicates a stronger bearish sentiment.
Interpretation :
- Green Score and Red Score: These histograms display the raw counts of green and red candles within the lookback period. Traders can use these histograms to observe the recent distribution of bullish and bearish candles.
- Green to Red Ratio: This line graph represents the ratio of bullish candles to bearish candles. When this ratio is above 1, it indicates a predominantly bullish sentiment, suggesting potential upward momentum. Conversely, when it's below 1, it signifies a bearish sentiment, suggesting potential downward pressure.
- Red to Green Ratio: This line graph represents the inverse ratio, indicating the strength of bearish sentiment relative to bullish sentiment. Similar to Green to Red, values above 1 indicate a bearish bias, while values below 1 indicate a bullish bias.
- Ratio Threshold: The white horizontal line on the chart represents the user-defined threshold. Traders can set this threshold to identify extreme sentiment conditions. When either the Green to Red ratio or Red to Green ratio crosses the threshold, it may signal overbought (above threshold) or oversold (below threshold) market conditions.
Potential Applications:
- Trend Confirmation: Traders can use this indicator to confirm the prevailing trend. A strong GRratioScore may validate a bullish trend, while a strong RGratioScore may confirm a bearish trend.
Contrarian Signals: Extreme readings (crossing the threshold) can be interpreted as potential reversal points. For example, a very high GRratioScore followed by a crossover below the threshold might indicate an overbought market and a potential bearish reversal.
Divergence Analysis: Traders can analyze divergences between price movements and the indicator. If price makes higher highs while the indicator shows lower highs, it may signal a weakening bullish trend.
Limitations:
- Lookback Period: The indicator's effectiveness may vary depending on the selected lookback period. Longer periods smooth out fluctuations but may lag in capturing recent changes in sentiment.
- Threshold Sensitivity: The interpretation of extreme readings can be subjective. Traders should carefully select and adjust the threshold based on their trading strategy and market conditions.
- Lack of Context: This indicator solely focuses on candle color ratios and does not consider other factors like volume, market news, or fundamental analysis. It should be used in conjunction with other indicators and analysis techniques.
This indicator provides a simple yet valuable tool for assessing market sentiment and potential trend reversals based on candle color ratios. Traders can use this information to make informed trading decisions, but it's essential to consider its limitations and use it as part of a comprehensive trading strategy.
Cerca negli script per "Candlestick"
Because Wicks Dont Lie" Because Wicks Don't Lie " is a specialized indicator designed to assist traders in identifying and visualizing significant candle wicks on any timeframe. Wicks, often referred to as Liquidity Targets, are areas that almost always get filled by price at some point. They can help map out the trajectory of price movement, acting as a magnet, drawing the price towards them. Recognizing these wicks can provide invaluable insights into potential trading opportunities and market sentiment.
We are looking for Candles with LONG Wick and TINY Candle Body! Only those types of Wicks have (according to my experience and backtesting) a 100% chance to get filled in the future.
Features:
Wick Visualization:
The script highlights significant bullish (blue) and bearish (red) wicks that meet specific criteria, helping you quickly spot potential trading opportunities.
VWAP Bands for Filtering Extremes:
The VWAP bands are incorporated to filter out wicks created at extreme price points. By ensuring that wicks are within a user-defined percentage of the VWAP (Volume Weighted Average Price), traders can avoid targeting extreme wicks that might take a longer time to get filled, thus enhancing the efficacy of strategies that trade towards wicks.
Alerts:
Traders can set alerts for when a significant bullish or bearish wick is detected, ensuring they never miss potential setups.
Usage:
Once applied to your chart, the script will automatically scan for significant wicks and display them with blue (bullish) and red (bearish) markers. By adjusting the script settings, users can customize the VWAP band percentage to fine-tune the filtering of extreme wicks.
Conclusion:
Wicks often contain valuable information about market sentiment, rejection of price levels, and potential future price direction. By acting as liquidity targets, they serve as indications of where the price is likely to move. "Because Wicks Don't Lie" simplifies the process of identifying these crucial candle formations and, with the inclusion of the VWAP bands, ensures that traders can prioritize the most actionable wicks while avoiding extreme outliers.
Input Fields:
Average Candle Size Multiplier:
This parameter allows users to adjust the base size of what the script considers as a significant wick. By multiplying the average size of candles over the last 4998 bars, users can fine-tune the script to detect only wicks of a certain prominence. A higher value will mean that only larger wicks (relative to recent price action) will be considered significant.
Wick Ratio (Wick Proportion Threshold):
This ratio helps determine the proportion of the wick to the entire candle for it to be considered significant. A higher ratio means that the wick must be a larger part of the total candle size to be marked as significant. It's an essential parameter to differentiate between candles with tiny wicks and those with substantial wicks which might offer trading opportunities.
Extended Engulfing CandleExtended Engulfing Candle Pattern Indicator
This indicator advances the standard engulfing candle pattern, capturing more reliable trend reversal signals in the market. Traditional engulfing candle patterns often lead to premature judgments of trend reversals, but the Extended Engulfing Indicator considers consecutive rising or falling candles to pinpoint more conservative trend reversal points.
Features:
Detection of Consecutive Rising/Falling Candles:
This indicator detects the occurrence of consecutive rising or falling candles, considering them when identifying extended engulfing candles. This creates a more potent reversal signal compared to single candle patterns.
Visual Display:
“U” and “D” labels are displayed at the top and bottom of the chart, clearly showing users the rising and falling engulfing patterns.
It only displays a label once, until a pattern in the opposite direction is shown.
Enhanced Accuracy:
By using the information from consecutive candles, the indicator captures trend reversals more conservatively and accurately. This reduces the number of false signals compared to traditional engulfing candle patterns.
How to Use:
When a rising engulfing candle pattern is displayed, it signifies the start of a potential upward trend. Conversely, when a falling engulfing candle pattern appears, it implies the beginning of a potential downward trend.
Caution:
Trading solely with this indicator has its limitations; hence users should cautiously integrate it with their trading strategies. Not all rising and falling engulfing patterns signify trend reversals.
Conclusion:
The Extended Engulfing Candle Pattern Indicator assists in identifying more reliable trend reversal points compared to the traditional engulfing candle patterns. By identifying the high and low points of consecutive candles, it minimizes false signals and helps traders make more accurate judgments on market movements.
확장 장악형 캔들 패턴 인디케이터
이 인디케이터는 표준 장악형 캔들 패턴을 발전시켜, 마켓에서 더 확실한 트렌드 전환 시그널을 포착합니다. 기존의 장악형 캔들 패턴은 종종 너무 이른 트렌드 전환 판단을 내리지만, 확장 장악형 인디케이터는 연속적인 상승 혹은 하락 캔들을 고려하여 더 보수적인 트렌드 전환점을 포착합니다.
특징:
연속 상승/하락 캔들 감지:
이 인디케이터는 연속적인 상승 또는 하락 캔들의 발생을 감지하여, 확장 장악형 캔들이 나타날 때 이를 고려합니다.
이는 단일 캔들 패턴보다 더 강력한 전환 시그널을 생성합니다.
시각적 표시:
차트의 상단과 하단에 “U”와 “D” 라벨을 표시하여, 사용자에게 상승 장악형 및 하락 장악형 패턴을 명확하게 보여줍니다.
반대 방향의 패턴이 나타날 때까지 라벨은 한 번만 표시됩니다.
개선된 정확도:
연속적인 캔들의 정보를 사용함으로써, 트렌드의 전환을 보다 보수적이고 정확하게 포착합니다.
이로 인해 기존의 장악형 캔들 패턴 대비 거짓 신호의 수가 줄어듭니다.
사용 방법:
상승 장악형 캔들 패턴이 표시되면, 이는 잠재적인 상승 트렌드의 시작을 나타냅니다.
반대로, 하락 장악형 캔들 패턴이 나타나면, 이는 잠재적인 하락 트렌드의 시작을 의미합니다.
주의사항:
이 지표만을 이용한 트레이딩에는 한계가 있을 수 있으므로 사용자는 본인의 트레이딩 전략과 결합하여 조심스럽게 사용해야 합니다. 모든 상승, 하락 장악형 패턴이 트렌드의 전환을 의미하지 않습니다.
결론:
확장 장악형 캔들 패턴 인디케이터는 기존의 장악형 캔들 패턴보다 더욱 신뢰할 수 있는 트렌드 전환 포인트를 식별할 수 있게 도와줍니다. 연속적인 캔들의 고점 및 저점을 식별함으로써 거짓 신호를 최소화하고, 트레이더들이 마켓의 움직임에 대해 보다 정확한 판단을 내릴 수 있게 합니다.
Interval Vertical Line DrawerIntroduction
The Interval Vertical Line Drawer is an indicator that assists traders in visualizing specific intervals on the chart. This script enables traders to conduct more accurate analyses across various time frames.
How It Works
This script operates by drawing vertical lines at intervals defined by the user. Users can select the interval for the vertical lines in minutes, and the script automatically places vertical lines at each interval on the chart. For instance, if a 15-minute interval is selected, vertical lines will appear at the start and end times of every 15-minute candle on the chart.
Additionally, this script includes a feature that allows drawing horizontal lines representing the open price of the candles at each vertical line. This is crucial for traders observing price action around specific times and evaluating market conditions at regular intervals.
This script is operative across diverse time frames and can be adjusted to fit various trading styles and analyses. It is efficient, user-friendly, and adaptable to the diverse needs of traders.
The open price of a candle often serves as a support or resistance, and there is a high possibility of significant movement occurring when these S/R levels are breached.
How to Use
VLInterval: Users can input the interval for the vertical lines in minutes and select from 5, 15, 30, 60, 120, 240, 1440.
visibleTimeframe: Users can select the desired time frame where the vertical lines will be visible.
Color and Style: Users can freely modify the color and style of the lines.
Apply the indicator to the chart.
Select the desired interval for the vertical lines.
Adjust the visibility and style of the lines as needed.
By adhering to these steps, traders can effectively incorporate this tool into their analysis, maximizing the utility of interval-based evaluations and observations.
소개
간격 수직 선 그리기 도구는 트레이더가 차트에서 특정 간격을 시각화할 수 있도록 도와주는 지표입니다. 이 스크립트는 트레이더들이 다양한 시간 프레임에서 더 정확한 분석을 수행할 수 있게 해줍니다.
작동 원리
이 스크립트는 사용자가 정의한 간격에서 수직선을 그리는 방식으로 작동합니다. 사용자는 분 단위로 수직선 간격을 선택할 수 있고, 스크립트는 자동으로 차트의 각 간격에 수직선을 배치합니다. 예를 들어, 15분 간격이 선택되면, 차트에는 15분봉의 시작, 종료 시간마다 수직선이 나타납니다.
더불어, 이 스크립트는 각 수직선에서의 캔들의 시가를 나타내는 수평선을 그릴 수 있는 기능도 포함하고 있습니다. 이는 트레이더가 특정 시간 주변의 가격 행동을 관찰하고 정기적인 간격으로 시장 상황을 평가하는데 중요합니다.
이 스크립트는 다양한 시간 프레임에서 작동하며, 다양한 거래 스타일과 분석에 맞게 조정할 수 있습니다. 이는 효율적이고 사용자 친화적이며, 트레이더의 다양한 필요에 적응할 수 있습니다.
캔들의 시작가는 종종 지지 또는 저항의 역할을 하며, S/R이 깨질 때 큰 움직임이 일어날 가능성이 높습니다.
사용 방법
VLInterval: 사용자는 분 단위로 수직선 간격을 입력할 수 있으며, 5, 15, 30, 60, 120, 240, 1440 중에서 선택할 수 있습니다.
visibleTimeframe: 사용자는 수직선이 보이게 될 원하는 시간 프레임을 선택할 수 있습니다.
색상과 스타일: 사용자는 선의 색상과 스타일을 자유롭게 수정할 수 있습니다.
지표를 차트에 적용합니다.
수직선의 원하는 간격을 선택합니다.
선의 가시성과 스타일을 필요에 맞게 조정합니다.
Find Highest, Lowest, and 50% Value BarsThe Time Range Max Min Indicator is a powerful tool designed to analyze price data within a specific time frame.
This indicator allows traders and analysts to identify the maximum and minimum price levels that occurred during a user-defined time range.
It provides valuable insights into price volatility and helps traders make informed decisions by pinpointing key support and resistance levels.
The Time Range Max Min Indicator also calculates the midpoint or 50% level within the selected time frame, aiding in trend analysis and potential reversal points.
Its user-friendly interface makes it easy to customize time intervals, ensuring flexibility in your analysis.
This indicator is indispensable for day traders, swing traders, and investors looking to optimize their entry and exit strategies.
By visualizing the price extremes and central tendency, it enhances overall market awareness and risk management.
Utilize this tool in conjunction with other technical indicators to fine-tune your trading strategies.
With its real-time updating capabilities, it provides dynamic insights into changing market conditions.
Whether you're a novice or an experienced trader, the Time Range Max Min Indicator is an essential addition to your technical analysis toolkit, helping you navigate the markets with precision.
Candle Averages (Jonzi/Galaxy) with AlertsThis indicator is used to highlight outlying candles.
Our script takes the average of the trailing candles and then highlights and/or places a symbol at the candles outside the average.
Example: Your settings use the previous 20 candles and combine the range of each candle.
Divide by 20 and get the average. Let's assume the average is $10
Now if you have your settings at highlighting candles 50% larger than the average, once a candle gets to $15, the indicator would trigger the candle to be highlighted and/or place a symbol of your choice.
In case you don't want to pay attention to the consolidation, you can use the alerts feature. Just go on the timeframe you'd like to be notified on, set an alert for either a down close or up close trigger.
Custom Arrow IndicatorBuy and sell signals based on activity. If current candle is at least 3 times previous candle you will get an buy or sell signal depending on bearish or bullish candle. other filters are in place such as signal candle must close/above previous candle. top wick of bullish candle must not be more than 3% of body range and vice versa for bearish candle.
Plot Closed CandlesOnly shows closed candles
( You must turn off normal candles first by right clicking on the candles , going to setting , and turning borders , bodies , and wicks off
Range of body 30min avggives the average range of the past 30bars and indicates when a candle's body is greater than 150% the average.
Merovinh - Mean Reversion Lowest lowThe "Merovinh - Mean Reversion Lowest Low" strategy is a mean reversion trading approach that aims to identify potential reversal points based on the updated lowest low of the specified number of bars. This strategy focuses on the detection of bullish price movements. Works well on Tech giant's shares.
Strategy Overview:
The strategy detects the lowest low and highest high over a specified number of bars.
It uses a mean reversion concept where it expects the price to revert back towards the updated lowest low.
The strategy enters a long position when the current lowest low breaks the previous lowest low (based on the specified number of broken lows).
It closes the long position when the highest high breaks the previous highest high.
The strategy aims to capitalize on potential reversals in the market by buying at lower price levels and selling at higher price levels.
Strategy Parameters:
Minimum number of bars: Specifies the minimum number of bars considered for calculating the lowest low and highest high.
Number of broken lows: Determines the number of previous lows that need to be broken for entering a long position.
How It Works:
The strategy calculates the lowest low and highest high based on the specified number of bars.
It compares the current lowest low with the previous lowest low.
If the current lowest low breaks the previous lowest low (based on the specified number of broken lows), a long position is entered.
The strategy continuously updates the previous lows and highs.
It closes the long position if the highest high breaks the previous highest high.
Market trend based on ema strengthThis script is a trading indicator written in Pine Script, a domain-specific language used for creating custom technical analysis indicators and strategies on the TradingView platform. Let's break down what this script is doing and its potential usage:
Title and Overlay:
The indicator is given a title: "Market trend based on ema strength."
The overlay=true parameter ensures that the indicator is plotted on the price chart itself, overlaying the price data.
EMA Calculations:
Exponential Moving Averages (EMAs) are calculated for different time periods based on the closing prices.
Degree of Change Calculation:
The degree of change is calculated as the percentage difference between the closing price and each respective EMAs.
Trend Identification:
The script attempts to identify uptrends and downtrends based on the comparison of degree of change values across the different EMAs. For an uptrend, each subsequent EMA's degree of change should be greater than the previous one, and for a downtrend, it should be lower.
EMA and RSI Calculation:
Additional EMAs and the Relative Strength Index (RSI) are calculated.
Buy and Sell Signal Generation:
Buy signals are generated when certain conditions are met: an uptrend is detected, the previous close is below the additional EMAs, and the current close is above the additional EMAs.
Sell signals are generated in the opposite scenario: a downtrend is detected, the previous close is above the additional EMAs, and the current close is below the additional EMAs.
Visualization:
The script uses plotshape to visually indicate buy and sell signals on the chart as labels.
The background color of the chart is changed based on the detected trend
Usage:
This indicator is designed to assist traders in identifying potential buy and sell signals based on trends in EMAs, RSI, and price movement. It provides a visual representation of trend changes and generates signals when certain conditions align, helping traders make informed decisions about entering or exiting positions.
It's important to note that while this script provides an automated approach to identifying trends and generating signals, successful trading also requires a deep understanding of the market, risk management, and the application of multiple indicators and strategies. Traders should thoroughly backtest and validate any trading strategy before applying it in real trading scenarios.
Opening Price Greater Than Previous Day's Closing by 1%Opening Price Greater Than Previous Day's Closing by 1%
Change Analysis and AlertsThe "Change Analysis and Alerts" script in Pine Script allows you to analyze and visualize the percentage change of different values on a chart. It calculates the true change based on the closing prices and provides options to input custom values for comparison. The script also includes an alert feature that triggers when the true change exceeds a specified threshold.
Examples:
Analyzing True Change:
Show the true change between consecutive candle closes as a histogram.
Set a threshold for the true change and receive an alert when it surpasses the specified value.
Comparing Custom Values:
Input custom values to analyze the percentage change between different price levels (e.g., high-low, open-close).
Highlight the value with the highest change in each period.
Visualize the changes as columns on the chart for easy comparison.
By using the "Change Analysis and Alerts" script, traders and analysts can gain insights into the magnitude of price changes and receive alerts when significant changes occur.
Please note that this description and examples are provided for illustrative purposes and can be customized based on your specific needs and preferences.
If you need further assistance, feel free to ask.
OHLC Lines + 50% of the previous candleThis indicator automatically put a straight line on the High, Low, Close, and Open and calculates the Consequent Encroachment or the midline (50%) of the previous candle. The calculation for the midline can be based on either the High and Low or the Open and Close. The option to disable OHLC labels is available. The indicator displays the premium and discount areas of the previous candle, allowing for a strategy of buying on discount and selling on premium based on each candle stick.
Inside Day ProbabilityThe "Inside Day Probability" indicator is a tool developed for market analysis on the TradingView platform. Its main objective is to calculate the probability of success of a pattern known as "Inside Day" (Día Interior in Spanish).
An Inside Day occurs when the price range (difference between the high and low) of a candle is completely contained within the price range of the previous candle. This pattern indicates a consolidation in the market and is usually followed by a sharp move in a certain direction.
The indicator uses a combination of statistical and mathematical analysis to determine the probability that an Inside Day will result in a successful market move. It is based on historical data and past patterns to calculate the probability of a significant price rise or sharp decline following an Inside Day.
The indicator provides a graphical display of the probability of success, usually in the form of a percentage value or a color scale. This allows traders to easily identify potentially profitable trading opportunities based on the occurrence of Inside Days.
It is important to note that this indicator is a decision support tool and does not guarantee accurate results in all cases. It is recommended to use it in conjunction with other technical analysis tools and consider other relevant factors before making operations in the financial market.
Remember that the proper interpretation and use of this indicator requires an understanding and knowledge of technical analysis and trading principles.
Wick PercentagesCalculates the percentage of the upper and lower wick on each candle. Wicks with a percent that are higher than a set percentage (Default is 60%) are assigned a color (upper = red 🔴) and (lower = green 🟢)
Gold Fair Value Gap Entry(FVG GOLD)This script calculates the fair value of gold, which is set as an input parameter. It then gets the current price of gold and calculates the gap between the price and the fair value. If the gap is positive, it enters a long trade, and if it's negative, it enters a short trade.
The script also uses proper risk management techniques by setting a stop loss and take profit for each trade. The plot() function is used to display the fair value and gap on the chart.
Please note that this is just an example script, and you should customize it based on your specific trading strategy and criteria. It's also important to backtest your strategy and refine it before using it with real money.
Vertical Line at nth Previous CandleThis code is a Pine script for TradingView that plots a vertical line on the chart n bars away from the current candle on the current time frame. The number of bars and line color can be customized by the user using input fields. The script calculates the highest and lowest price on the chart for the past n bars, and then draws a vertical line at the target bar with the specified line color. The previous line is removed and the ID of the new line is stored so that the next time the script is run, it can be removed and replaced with a new line. This script can be useful for marking important points on a chart or for visually tracking patterns or trends over time.
OPG IndicatorThis indicator calculates the Opening Price Gap (OPG) between yesterday's close and today's open.
If the OPG is smaller than -0.03%, open a long position with take profit at yesterday's close.
If the OPG is greater than 0.03%, open a short position with take profit at yesterday's close.
Close all positions at midday.
Height of CandleVery simple indicator that shows the height of each candle (high-low) in histogram format. Can be used to compare the current candle with previous ones.
Pullback by Candle BodyThe Pullback Indicator version 0.2
Identifies pullbacks by checking if the current candle's body is lower than the previous candle's low for a bearish pullback or higher than the previous candle's high for a bullish pullback. Once a pullback has been identified, the Indicator marks the lowest low or highest high of the trend with a circle.
NOTE it's not fully working as expected as it lacks trend analysis in its code, resulting in it indicating pullbacks in the opposite direction of the trend, such as bullish pullbacks in a bullish trend or bearish pullbacks in a bearish trend. This is a work in progress, maybe it will be "improved" in the future.
JustaBox_NY_LexThis indicator marks two boxes around the opening hour of the chosen session(s). One around the highs and lows and one around the highest open/close and lowest open/close for that hour., its main purpose if for backtesting the DR/IDR strategy but is useful for live trading as it auto adds the boxes and STD levels. The buy and sell signals that show up are not meant for trade entries, they just give an idea of whether there was a signal that day which is a close above or below the IDR (inner box lines), from there loops are started and it tests which STD levels get hit or if the opposite end of the box is crossed it considers it a stop out and closes the loops. The data from these loops can be pulled to email and then excel using the alert system.
This is the first thing i've ever coded, I put alot of work into it but id recommend going thru a few days randomly and checking the data matches up as expected.
This indicator only pulls data from the NY session, I have two others of identical functionality, the only difference being they pull the data from the London and Tokyo sessions respectively, wanted to include all three in one but I reached a limit. Search JustaBox_LDN_Lex and JustaBox_TKO_Lex
When live, once the hour of the chosen session resolves it marks the DR and IDR lines onward for a few hours, adds a 0.5 retracement line in the middle and STD levels above and below at 0.5, 1, 1.5, 2, 2.5, & 3.
There are labels that can be turned off, they show the prices these lines are set at.
Read the tooltips in the menu for more information.
(Might be self explanatory when you pull it but I'll add a key here for the titles of the data(had to keep them short due to character limit) and explain how the test works in the next couple of days but quickly:
Each STD levels has a true, false or NaN state, if its a buy signal for the session the STD levels below the bottom DR are turned off and will return NaN, but if its a sell signal they'll return false if they don't get hit true if they do. Each level has a cross time this is a bar number, you also get a bar number for the last bar in the DR box and one for when you received the buy or sell signal, so you subtract one of these from the STD X number and it will give you number of bars since 10:30 for NY sess or from when you received signal. Multiply that number by 5 to get the number of minutes. Gives prices for boxes, open and close prices of first and last candles in box and price of the NY day open for all sessions)
Spinn GAPs offIf you need to see the price movement without gaps, especially on very small timeframes, this simple indicator will help you with this. It uses the closing price of the previous candle as the opening price of the current one.
For its correct operation, you need to disable the display of candles in settings.
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Если вам нужно увидеть ход цены без учета ГЭПов, особенно на очень мелких таймфреймах, этот простой индикатор поможет вам в этом. Он использует цену закрытия предыдущей свечи в качестве цены открытия текущей.
Для его корректной работы нужно отключить отображение свечей стандартными средствами.
