OPEN-SOURCE SCRIPT
Candle Range Classifier Dots Only
Candle Range Classifier (Dots Only)
This indicator analyzes the price range of each candle relative to its recent average range to classify market activity into three categories: wide range, narrow range, or normal range.
Wide Range Candles (red dots above bars) indicate significant price movement and strong market effort.
Narrow Range Candles (blue dots below bars) indicate low volatility and possible market absorption or consolidation.
Normal Range Candles are not marked, keeping the chart clean and focused on meaningful range extremes.
This indicator analyzes the price range of each candle relative to its recent average range to classify market activity into three categories: wide range, narrow range, or normal range.
Wide Range Candles (red dots above bars) indicate significant price movement and strong market effort.
Narrow Range Candles (blue dots below bars) indicate low volatility and possible market absorption or consolidation.
Normal Range Candles are not marked, keeping the chart clean and focused on meaningful range extremes.
オープンソーススクリプト
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。