Candle Type (The Strat) — Indicator by Crinklebine

This script identifies the 3 different candle types for use in #TheStrat (see Twitter).

Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle

Analysis of the candle types can help you define actionable signals and draw broadening formations.

Release Notes:

Set the precision of the plot to zero as the result is binary for the bar type. Removed an unnecessary variable.

Release Notes:

Modified colors to work better across both black and white backgrounds.

Release Notes:

Added a version number in the configuration menu.
Code cleanup.

Release Notes:

Removed version label

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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