Big Candles v1 — Strategy by timj

This script simply takes a user-defined bar height number (variable barHeight) to find large candles. Automatically colors large bullish and bearish candles green or red, respectively. The barHeight can be modified to fit your needs.

Use this in a variety of ways:
- Confirm breakouts of support / resistance
- Identify new trends

Deposits welcome
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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?

//@version=2
strategy("Big Candles", overlay=true)

barHeight = input(.032)

bigUp() => close > open and high-low > barHeight
bigDown() => close < open and high-low > barHeight

plotshape(bigUp(), color=green, style=shape.arrowup, text="Buy")
plotshape(bigDown(), color=red, style=shape.arrowdown, text="Sell")
barcolor(bigDown() ? red : bigUp() ? green : gray)