OPEN-SOURCE SCRIPT
Percent stripes
Updated
Do you hate it when auto-scaling leaves you guessing whether you are looking at microscopic or macroscopic price changes?
This indicator displays gray stripes indicating price changes of 1%. Helps see the price action scale at one glance!
You can also customize the 1% value if you like.
NOTE: Your display will be squashed after adding this indicator. To fix this, just right-click on the y-scale and select "Scale price chart only".
NOTE 2: On rare occasions, the stripes just disappear. Then playing a bit with the "historic bars to paint" setting should make them come back... :)
This indicator displays gray stripes indicating price changes of 1%. Helps see the price action scale at one glance!
You can also customize the 1% value if you like.
NOTE: Your display will be squashed after adding this indicator. To fix this, just right-click on the y-scale and select "Scale price chart only".
NOTE 2: On rare occasions, the stripes just disappear. Then playing a bit with the "historic bars to paint" setting should make them come back... :)
Release Notes
Now also painting into the future.Release Notes
Changed historic bars painted to 1000 in order to fix previewRelease Notes
Now automatically determining number of stripes to paint.Release Notes
Set default for back bars back up to 5000Release Notes
Bugs almost fixed...
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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