PROTECTED SOURCE SCRIPT
Candle Strength Analyzer by The Ultimate Bull Run

🎯 WHAT IT MEASURES
The score combines 4 key factors:
1️⃣ BODY RATIO (30%)
How much of the candle is "body" vs "wicks"
• 90%+ = Marubozu (very strong)
• 70%+ = Strong
• <30% = Weak/Indecision
2️⃣ CLOSE POSITION (25%)
Where the candle closed within its range
• Bullish closing near high = Strong
• Bearish closing near low = Strong
• Closing in middle = Weak
3️⃣ RELATIVE VOLUME - RVOL (25%)
Current volume compared to average
• RVOL 2.0+ = Very high activity
• RVOL 1.5+ = High (confirmed move)
• RVOL <0.7 = Low (unconfirmed)
4️⃣ SIZE vs ATR (20%)
Candle size compared to typical volatility
• 2x ATR = Large, significant
• 1x ATR = Normal
• 0.5x ATR = Small, insignificant
The score combines 4 key factors:
1️⃣ BODY RATIO (30%)
How much of the candle is "body" vs "wicks"
• 90%+ = Marubozu (very strong)
• 70%+ = Strong
• <30% = Weak/Indecision
2️⃣ CLOSE POSITION (25%)
Where the candle closed within its range
• Bullish closing near high = Strong
• Bearish closing near low = Strong
• Closing in middle = Weak
3️⃣ RELATIVE VOLUME - RVOL (25%)
Current volume compared to average
• RVOL 2.0+ = Very high activity
• RVOL 1.5+ = High (confirmed move)
• RVOL <0.7 = Low (unconfirmed)
4️⃣ SIZE vs ATR (20%)
Candle size compared to typical volatility
• 2x ATR = Large, significant
• 1x ATR = Normal
• 0.5x ATR = Small, insignificant
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.