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Bar Strength Indicator

jaycryptotrader  
Candlestick Analysis strength BAR
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candlestick strength bar
Indicator to measure the size of the candle body against the whole candle including the wicks. More information can be found here https://www.fxstreet.com/education/finding-big-market-moves-barstrength-indicator-201803091413

This indidactor is based on Marco Mayers article. All credits go to him.
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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