OPEN-SOURCE SCRIPT
Updated Candle Close Distance Alert

Threshold-Based Distance:
You define a threshold percentage (threshold_percent) to specify what "far" means (e.g., 2%).
The script calculates the absolute distance between:
Close and Open
Close and High
Close and Low
If any of these distances exceed the specified threshold, the condition is triggered.
Visual Markers:
Green markers (triangle up) indicate the close is far from the open.
Red markers (triangle down) indicate the close is far from the high.
Blue markers (triangle down) indicate the close is far from the low.
These markers make it easy to spot significant price movements on the chart.
Customizable Alerts:
If enabled, alerts are triggered when any of the conditions are met.
Alerts are designed to notify you in real time if a candle closes far from the open, high, or low.
You define a threshold percentage (threshold_percent) to specify what "far" means (e.g., 2%).
The script calculates the absolute distance between:
Close and Open
Close and High
Close and Low
If any of these distances exceed the specified threshold, the condition is triggered.
Visual Markers:
Green markers (triangle up) indicate the close is far from the open.
Red markers (triangle down) indicate the close is far from the high.
Blue markers (triangle down) indicate the close is far from the low.
These markers make it easy to spot significant price movements on the chart.
Customizable Alerts:
If enabled, alerts are triggered when any of the conditions are met.
Alerts are designed to notify you in real time if a candle closes far from the open, high, or low.
Release Notes
You define a threshold percentage (threshold_percent) to specify what "far" means (e.g., .5%).The script calculates the absolute distance between:
Close and Open
Close and High
Close and Low
If any of these distances exceed the specified threshold, the condition is triggered.
Visual Markers:
Green markers (triangle up) indicate the close is far from the open.
Red markers (triangle down) indicate the close is far from the high.
Blue markers (triangle down) indicate the close is far from the low.
These markers make it easy to spot significant price movements on the chart.
Customizable Alerts:
If enabled, alerts are triggered when any of the conditions are met.
Alerts are designed to notify you in real time if a candle closes far from the open, high, or low.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.