OPEN-SOURCE SCRIPT
Candle Size Tracker
Use Case
This script is particularly useful for traders who want to identify periods of increasing candle volatility or momentum.
Functionality
Candle Size Calculation:
The script calculates the size of each candle by subtracting the low price from the high price.
Comparison with Previous Candle:
It checks if the current candle's size is greater than or equal to the previous candle's size. If true, a visual label is added above the candle.
Dynamic Label Management:
To avoid cluttering the chart, it uses a lookback period (lookback) to remove old labels. Labels are removed if they exceed the defined lookback period.
Customization Options:
Lookback Period: You can set the number of bars to retain labels (default: 2).
Vertical Offset: Adjusts the position of the label above the candle relative to the high price.
Label Opacity: Controls the transparency of the label (default: 50%).
The full script:
This script is particularly useful for traders who want to identify periods of increasing candle volatility or momentum.
Functionality
Candle Size Calculation:
The script calculates the size of each candle by subtracting the low price from the high price.
Comparison with Previous Candle:
It checks if the current candle's size is greater than or equal to the previous candle's size. If true, a visual label is added above the candle.
Dynamic Label Management:
To avoid cluttering the chart, it uses a lookback period (lookback) to remove old labels. Labels are removed if they exceed the defined lookback period.
Customization Options:
Lookback Period: You can set the number of bars to retain labels (default: 2).
Vertical Offset: Adjusts the position of the label above the candle relative to the high price.
Label Opacity: Controls the transparency of the label (default: 50%).
The full script:
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
想在图表上使用此脚本？
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。