Candle Type (The Strat)

This script identifies the 3 different candle types for use in #TheStrat (see Twitter).

Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle

Analysis of the candle types can help you define actionable signals and draw broadening formations.

Release Notes

Set the precision of the plot to zero as the result is binary for the bar type. Removed an unnecessary variable.

Release Notes

Modified colors to work better across both black and white backgrounds.

Release Notes

Added a version number in the configuration menu.
Code cleanup.

Release Notes

Removed version label

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Crinklebine

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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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Crinklebine

Also on: