OPEN-SOURCE SCRIPT
Atualizado Impulsive Candle Detector - Prof Michael G
Determining an impulsive candle can be systematic rather than discretionary. This indicator defines an impulsive candle using the following criteria:
1. Candle Size Relative to Recent Candles
Relative Size: An impulsive candle is one that is significantly larger than the recent average candle size. For example, if a candle’s range (high-low) is greater than 150% of the average range of the last 10 candles, it can be considered impulsive.
2. Volume Confirmation
High Volume: An impulsive candle is often accompanied by higher than average volume. You can define an impulsive candle if its volume is greater than 150% of the average volume over the last 10 candles.
3. Body-to-Wick Ratio
Body vs. Wick: A candle with a large body and small wicks can indicate strong momentum. You can define an impulsive candle if the body of the candle is greater than 70% of the total range (high-low).
These settings are also customisable to your own desired settings.
Credit: GreatestUsername for the coding & implementation.
1. Candle Size Relative to Recent Candles
Relative Size: An impulsive candle is one that is significantly larger than the recent average candle size. For example, if a candle’s range (high-low) is greater than 150% of the average range of the last 10 candles, it can be considered impulsive.
2. Volume Confirmation
High Volume: An impulsive candle is often accompanied by higher than average volume. You can define an impulsive candle if its volume is greater than 150% of the average volume over the last 10 candles.
3. Body-to-Wick Ratio
Body vs. Wick: A candle with a large body and small wicks can indicate strong momentum. You can define an impulsive candle if the body of the candle is greater than 70% of the total range (high-low).
These settings are also customisable to your own desired settings.
Credit: GreatestUsername for the coding & implementation.
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Determining an impulsive candle can be systematic rather than discretionary. This indicator defines an impulsive candle using the following criteria:1. Candle Size Relative to Recent Candles
Relative Size: An impulsive candle is one that is significantly larger than the recent average candle size. For example, if a candle’s range (high-low) is greater than 150% of the average range of the last 10 candles, it can be considered impulsive.
2. Volume Confirmation
High Volume: An impulsive candle is often accompanied by higher than average volume. You can define an impulsive candle if its volume is greater than 150% of the average volume over the last 10 candles.
3. Body-to-Wick Ratio
Body vs. Wick: A candle with a large body and small wicks can indicate strong momentum. You can define an impulsive candle if the body of the candle is greater than 70% of the total range (high-low).
These settings are also customisable to your own desired settings.
Credit: GreatestUsername for the coding & implementation.
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
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
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
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.