OPEN-SOURCE SCRIPT
Exponential Avg Body Size Green vs Red
Description:
This indicator calculates and plots the Exponential Moving Average (EMA) of green and red candlestick body sizes, allowing traders to easily visualize market momentum and sentiment shifts. The script includes the following features:
Customizable EMA Period: Users can set the number of candles to calculate the EMA through an input setting, with a default value of 21.
Separate Green and Red Candle Averages: Differentiates between bullish (green) and bearish (red) candlestick movements, plotting them as distinct lines.
Dynamic Range Control: Users can adjust the chart range (e.g., -50 to 50) for better visibility of the plotted lines.
Baseline for Reference: A horizontal baseline at 0 serves as a visual aid for easier interpretation.
Standalone Indicator Pane: The script is designed to display in a separate pane, preventing overlap with the price chart.
Use Case:
This indicator is ideal for traders seeking to analyze the relative strength of bullish versus bearish price movements over a specific period. The separation of green and red averages helps identify trends, potential reversals, or shifts in momentum.
This indicator calculates and plots the Exponential Moving Average (EMA) of green and red candlestick body sizes, allowing traders to easily visualize market momentum and sentiment shifts. The script includes the following features:
Customizable EMA Period: Users can set the number of candles to calculate the EMA through an input setting, with a default value of 21.
Separate Green and Red Candle Averages: Differentiates between bullish (green) and bearish (red) candlestick movements, plotting them as distinct lines.
Dynamic Range Control: Users can adjust the chart range (e.g., -50 to 50) for better visibility of the plotted lines.
Baseline for Reference: A horizontal baseline at 0 serves as a visual aid for easier interpretation.
Standalone Indicator Pane: The script is designed to display in a separate pane, preventing overlap with the price chart.
Use Case:
This indicator is ideal for traders seeking to analyze the relative strength of bullish versus bearish price movements over a specific period. The separation of green and red averages helps identify trends, potential reversals, or shifts in momentum.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。