OPEN-SOURCE SCRIPT

Wickless Candle Indicator

2 988
It is designed to identify and visually highlight wickless candles on trading charts. A wickless candle is defined as a candle where the high equals either the open or close, and the low equals either the open or close, indicating no wicks.

Key features of the script include:

Customizable Line Width: Users can adjust the width of the lines drawn over wickless candles.

Wickless Candle Detection: A function isWickless is used to determine whether a candle is wickless based on its open, close, high, and low values.

Line Drawing and Management: The script draws lines over wickless candles and extends these lines as long as consecutive wickless candles are detected. The lines are terminated when a candle with a wick is encountered or when the line extends beyond one bar.

Visual Indicators: Wickless candles are marked with a cross shape above them, and lines are colored black for clear visibility.

Efficient Line Handling: The script uses variables to store and update line information, ensuring efficient management of the drawn lines as new price data comes in.

This indicator is particularly useful for traders who consider wickless candles significant in their analysis, providing an automated and visually clear way to identify these candles on a chart.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。