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Flatbar

Shaved Candle IdentifierThis script is different because it actually highlights the candle and is not just an icon. It will identify bars that have no wick. Each color represents a different type of candle. Shaved candles represent major liquidity zones, and tend to get swept in the future. Shaved candles are useful for spotting reversals and as price targets. Green is when open = low Red is when open = high Blue is when close = high Orange is when close = low There is 0 tolerance for any deviation, if the price is 0.001 off, it will not be identified. Only absolutely shaved candles will be identified.
Pine Script® indicator
by btcmaxlev
Updated May 20

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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