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satheeshvel15

UDI bar

satheeshvel15  
Candlestick analysis
8
0
candlestickanalysis
Candle has been divide into 3 types up bar, down bar and inside bar,

These bar classified comparing previous candle high low to current candle close.

This method used to ride the trend without exiting position.

We can use this candle color as a stop loss and take profit.

Previous candle H&L Vs Cur. Candle Close

I
U
D

------------------------
I - Inside Candle

U - Up Candle

D - Down Candle
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

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