Price Action Candles — Indicator by FractalTrade_

candlestickanalysis priceaction insidebar outsidebar coloredbars

This simple script provides a visual aid for price action traders by coloring outside & inside candles, which in effect leaves the trader with 6 possible candle colors:

-Regular bullish candle
-Outside bullish candle
-Inside bullish candle

-Regular bearish candle
-Outside bearish candle
-Inside bearish candle

These candlesticks may provide powerful signals when used in conjunction with key levels, market structure and chart patterns.

Make sure to disable the regular candlesticks (body, borders and wicks) in the symbol tab inside the configuration menu!

Hope it can help someone!

@FractalTrade_

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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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