OPEN-SOURCE SCRIPT

Body/Tail Ratio

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This is a simple and great tool for filtering strong and weak bars based on their Body to Tail ratio.
It has three areas to show.

Weak when body percentage is below 30.
Mid to Strong when percentage is between 30-70.
Very Strong when percentage is above 70.

You can adjust the color for each section.

You can easily see where strong bars and weaker bars are. It can also be used for signal and entry bar filtering process.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.