The blue line shows how long the body is compared to the entire candle. For example, perfect candles will have a value of 0 and candles will have a value of 100.
This is my first indicator on TradingView. I look forward to creating many others that jump into my head!
// Created by Tristan Rhodes on 07-22-2015 study(title="Candlestick Shape and Body Size [TRR]", shorttitle="Candle_Shape_TRR") open_pos = ((open-low)/(high-low))*100 close_pos = ((close-low)/(high-low))*100 // Body size as a percentage of the total candle diff = abs(close_pos-open_pos) plot(diff) palette = open_pos <= close_pos ? lime : red plotcandle(open_pos, 100, 0, close_pos, color=palette)