Get started
sydneyshan

Candle Curtain

sydneyshan  
Trend Analysis Candlestick Analysis
23
2
trendanalysis candlestick
WHAT
This indicator hides the colour of the currently printing candle to avoid poor decisions being made.

WHY
Many trading strategies rely upon assessing the state of closed candles. Making trading decisions based on the currently printing candle's state can lead to poor trading outcomes (emotional decisions, FOMO, lack of restraint, etc) as it can be bullish one moment and bearish the next. This indicator acts to remind the trader to disregard the currently printing candle and wait for it to close.

IMPORTANT: Please click the three dots beside the indicator's name and select 'Visual Order' -> 'Bring to Front'
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.

Want to use this script on a chart?