OPEN-SOURCE SCRIPT
B3 HL2 Method Candle Painter
This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5 possible colors:
HL2>LastHigh = Bright Green
HL2<LastLow = Bright Red
HL2>LastHL2 = Dull Green
HL2<LastHL2 = Dull Red
Bar Change (close - open) is going against the indicator = Gray
Free to share and enjoy!
~B3
HL2>LastHigh = Bright Green
HL2<LastLow = Bright Red
HL2>LastHL2 = Dull Green
HL2<LastHL2 = Dull Red
Bar Change (close - open) is going against the indicator = Gray
Free to share and enjoy!
~B3
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.