OPEN-SOURCE SCRIPT
Candle Percentage
This script calculates the percentage movement of the candle body from open to close and displays it as a label on the chart. The label color changes based on the candle's direction:
Green for bullish (price closes higher than it opened),
Red for bearish (price closes lower than it opened).
The script also allows you to select the label size, with the following options:
Tiny (very small text)
Small (small text)
Normal (default text size)
Large (large text)
Huge (giant text)
By default, the label size is set to Normal.
The percentage is calculated using the formula:
(Body Size / Open Price) * 100
This is helpful for traders who want to quickly assess the magnitude of price movement within each candle and analyze market sentiment based on the size of the body.
Green for bullish (price closes higher than it opened),
Red for bearish (price closes lower than it opened).
The script also allows you to select the label size, with the following options:
Tiny (very small text)
Small (small text)
Normal (default text size)
Large (large text)
Huge (giant text)
By default, the label size is set to Normal.
The percentage is calculated using the formula:
(Body Size / Open Price) * 100
This is helpful for traders who want to quickly assess the magnitude of price movement within each candle and analyze market sentiment based on the size of the body.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.