OPEN-SOURCE SCRIPT
Candle Range Theory Range Finder
The video below will explain how to use the indicator.
In a nutshell, it'll shows range candles after 2 strong closes below a prior day's low or above a prior day's high for a possible range candle to trade a reversal off of.
Red arrows are to be treated as a range where you may want to start to look for longs.
Green arrows show where a range where you may want to look for shorts.
Again, the video will make it clearer.
In a nutshell, it'll shows range candles after 2 strong closes below a prior day's low or above a prior day's high for a possible range candle to trade a reversal off of.
Red arrows are to be treated as a range where you may want to start to look for longs.
Green arrows show where a range where you may want to look for shorts.
Again, the video will make it clearer.
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.
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.
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.