OPEN-SOURCE SCRIPT
Height of Candle Body
Understanding the Height of Candlestick Body
Candlestick charts are a popular method of displaying price data in financial markets. They provide a visual representation of price movements and are used by traders to make informed decisions about buying and selling assets. Understanding the height of a candlestick body is an important aspect of technical analysis and can help traders identify trends and make profitable trades.
The height of a candlestick body is the distance between the opening and closing price of an asset over a given time period. When the closing price is higher than the opening price, the candlestick body is typically colored green or white and is considered bullish. Conversely, when the closing price is lower than the opening price, the candlestick body is typically colored red or black and is considered bearish.
The height of the candlestick body is important because it can provide valuable information about market sentiment. If the candlestick body is relatively small, it suggests that there is indecision in the market and that buyers and sellers are evenly matched. Conversely, if the candlestick body is relatively large, it suggests that there is a significant amount of buying or selling pressure in the market.
Candlestick charts are a popular method of displaying price data in financial markets. They provide a visual representation of price movements and are used by traders to make informed decisions about buying and selling assets. Understanding the height of a candlestick body is an important aspect of technical analysis and can help traders identify trends and make profitable trades.
The height of a candlestick body is the distance between the opening and closing price of an asset over a given time period. When the closing price is higher than the opening price, the candlestick body is typically colored green or white and is considered bullish. Conversely, when the closing price is lower than the opening price, the candlestick body is typically colored red or black and is considered bearish.
The height of the candlestick body is important because it can provide valuable information about market sentiment. If the candlestick body is relatively small, it suggests that there is indecision in the market and that buyers and sellers are evenly matched. Conversely, if the candlestick body is relatively large, it suggests that there is a significant amount of buying or selling pressure in the market.
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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.