This indicator will simplify the price-action reading of any trader/investor by decluttering his/her charts from un-important & confusing candles to highlight the true momentum candles which are usually formed by institutional buying/selling . The indicator will be a good tool in the arsenal of the following styles of Trading/Investing Smart Money /...
Candlesticks with color of the current CCI value This script works following: It measures CCI value from -250 to 250 => the lower the value, the darker green candlesticks will be.. it works the same in the opposite direction, but with red color You can also edit colors of candlesticks and length and source of the CCI indicator
This script allows traders to customize candlestick colors based on The Strat trading system developed by Rob Smith. The script determines if the current candle is an inside bar (1), outside bar (3), directional up (2u) , or directional down (2d). An inside bar is a candle that trades fully within the previous candle. An outside bar breaks both the high and the...