OPEN-SOURCE SCRIPT
Dynamic Candle Range Point Indicator
The "Dynamic Candle Range Point Indicator" (DCRPI) does two important jobs at once. For each candle on your chart, it shows you exactly how many points the price moved in two different ways:
1. At the top of each candle, you'll see how many points the price moved from open to close (the body range)
2. At the bottom, you'll see the total movement from the highest to lowest point (the full range)
The really smart part is how it colors the borders of candles based on how much the price moved. This gives you a quick visual way to spot significant price movements:
- Small movements keep the standard green/red colors
- Medium movements (25-30 points) show as yellow
- Larger movements get more unique colors (orange, purple, blue, etc.)
This makes it easy to instantly identify which candles had the most significant price movement without having to read all the numbers. You can quickly spot the most volatile candles across your chart by their distinctive border colors.
The indicator is lightweight and should run smoothly on most charts without causing performance issues.
1. At the top of each candle, you'll see how many points the price moved from open to close (the body range)
2. At the bottom, you'll see the total movement from the highest to lowest point (the full range)
The really smart part is how it colors the borders of candles based on how much the price moved. This gives you a quick visual way to spot significant price movements:
- Small movements keep the standard green/red colors
- Medium movements (25-30 points) show as yellow
- Larger movements get more unique colors (orange, purple, blue, etc.)
This makes it easy to instantly identify which candles had the most significant price movement without having to read all the numbers. You can quickly spot the most volatile candles across your chart by their distinctive border colors.
The indicator is lightweight and should run smoothly on most charts without causing performance issues.
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.