PROTECTED SOURCE SCRIPT
Normalized Candle Spread with MA
This Pine Script indicator, "Normalized Candle Spread with MA," visualizes candle price action by normalizing the candle bodies and wicks around a baseline (zero level). The normalization centers each candle’s high, low, open, and close prices relative to its own spread (high minus low), so all candles are plotted on the same horizontal line for easy comparison of their shapes and relative sizes.
Key features:
Normalization: Adjusts candle components (open, close, high, low) so they are centered around zero, allowing the comparison of candle shapes regardless of their absolute price levels.
Candle colors: Green for bullish candles (close ≥ open) and red for bearish candles (close < open).
Spread Moving Average: Plots a simple moving average (SMA) of the candle spreads over a user-defined period for visual reference of average volatility.
This indicator helps traders visually assess candle volatility and structure normalized over time, rather than focusing on price levels.
Key features:
Normalization: Adjusts candle components (open, close, high, low) so they are centered around zero, allowing the comparison of candle shapes regardless of their absolute price levels.
Candle colors: Green for bullish candles (close ≥ open) and red for bearish candles (close < open).
Spread Moving Average: Plots a simple moving average (SMA) of the candle spreads over a user-defined period for visual reference of average volatility.
This indicator helps traders visually assess candle volatility and structure normalized over time, rather than focusing on price levels.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。