This indicator calculates the real value of each candlestick by calculating the value from low to close minus high to close if the candle is bullish, and vice versa if the candle is bearish. Directional candlesticks will be plotted as positive, while candles that might signal a reversal will be blotted as negative.
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
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