OPEN-SOURCE SCRIPT
Wick to Candle Ratio with Multiple Colors

The display in question likely provides visual representations or data related to the concept of the dot-based wick-to-body ratio. This ratio is a term often used in financial markets, particularly in the context of candlestick charts.
In candlestick charts, each candlestick represents a specific time period (such as a minute, hour, day, etc.) and provides four pieces of price data: the opening price, closing price, highest price, and lowest price of an asset within that timeframe. The "body" of the candlestick is the area between the opening and closing prices, while the "wicks" (or shadows) are the lines extending from the body, representing the highest and lowest prices during the period.
The dot-based wick-to-body ratio refers to a method of quantifying the relative lengths of the wicks compared to the body using dots or points. In this context, a display illustrating this ratio might show different candlesticks with highlighted dots representing the ratio between the length of the wick and the body. A higher ratio could indicate more volatility in price movements during that timeframe, while a lower ratio might suggest comparatively stable price action.
In candlestick charts, each candlestick represents a specific time period (such as a minute, hour, day, etc.) and provides four pieces of price data: the opening price, closing price, highest price, and lowest price of an asset within that timeframe. The "body" of the candlestick is the area between the opening and closing prices, while the "wicks" (or shadows) are the lines extending from the body, representing the highest and lowest prices during the period.
The dot-based wick-to-body ratio refers to a method of quantifying the relative lengths of the wicks compared to the body using dots or points. In this context, a display illustrating this ratio might show different candlesticks with highlighted dots representing the ratio between the length of the wick and the body. A higher ratio could indicate more volatility in price movements during that timeframe, while a lower ratio might suggest comparatively stable price action.
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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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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.