OPEN-SOURCE SCRIPT
Candle Shape
Candle Shape
This indicator visualizes rolling candles that aggregate price action over a chosen lookback period, allowing you to see how OHLC dynamics evolve in real time.
Instead of waiting for a higher timeframe (HTF) bar to close, you can track its development directly from a lower timeframe chart.
For example, view how a 1-hour candle is forming on a 1-minute chart — complete with rolling open, high, low, and close levels, as well as colored body and wick areas.
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🔹 How it works
- Lookback Period (n) → sets the bucket size, defining how many bars are merged into a “meta-candle.”
- The script continuously updates the meta-open, meta-high, meta-low, and meta-close.
- Body and wick areas are filled with color, making bullish/bearish transitions easy to follow.
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🔹 Use cases
- Monitor the intra-development of higher timeframe candles.
- Analyze rolling OHLC structures to understand how price dynamics shift across different aggregation windows.
- Explore unique perspectives for strategy confirmation, breakout anticipation, and market structure analysis.
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✨ Candle Shape bridges the gap between timeframes and uncovers new layers of price interaction.
This indicator visualizes rolling candles that aggregate price action over a chosen lookback period, allowing you to see how OHLC dynamics evolve in real time.
Instead of waiting for a higher timeframe (HTF) bar to close, you can track its development directly from a lower timeframe chart.
For example, view how a 1-hour candle is forming on a 1-minute chart — complete with rolling open, high, low, and close levels, as well as colored body and wick areas.
---
🔹 How it works
- Lookback Period (n) → sets the bucket size, defining how many bars are merged into a “meta-candle.”
- The script continuously updates the meta-open, meta-high, meta-low, and meta-close.
- Body and wick areas are filled with color, making bullish/bearish transitions easy to follow.
---
🔹 Use cases
- Monitor the intra-development of higher timeframe candles.
- Analyze rolling OHLC structures to understand how price dynamics shift across different aggregation windows.
- Explore unique perspectives for strategy confirmation, breakout anticipation, and market structure analysis.
---
✨ Candle Shape bridges the gap between timeframes and uncovers new layers of price interaction.
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。