Thange Threshold Candles — Indicator by govindthange

# Thange Threshold Candles Indicator

Identify Strong Bullish and Bearish Candles

The `Thange Threshold Candles indicator` is a small tool designed to identify candles which are above or below the configured threshold size. By analyzing the size of candles in higher timeframes (say Weekly/Monthly) one can confirm whether there was a momentum or consolidation.

> Disclaimer: This indicator should be used as a tool for technical analysis and does not guarantee specific trading outcomes. Users should exercise their own discretion and risk management when making trading decisions based on this indicator.

I hope that the Thange Momentum Kicks indicator enhances your trading experience and helps you identify strong bullish and bearish candles with ease. Happy trading!

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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