Range: OHLC vs Previous OHLC — Indicator by oldinvestor

trendanalysis candlestick high low previous open close comparison

This will plot your choice of OHLC (or any of the averaging choices) of the current candle compared to the previous candle.

For example if you choose "high" for the input and set the chart to daily, you'll see the currently daily high vs the previous daily high.

Green candle represent a higher high and the length of the candle represents how much higher.
Red candles represent a lower high than the previous day and the length is by how much lower.

This indicator is pretty straight forward, look for me to build on this with something a little more elaborate in the near future.

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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