Abstract This script evaluates how easy for traders to trade. This script computes the level that the gains were distributed in many trading days. We can use this indicator to decide the instruments and the time we trade. Introduction Why we think the trading markets are boring? It is because most of the gains were concentrated in a few trading days. We look for...
Boring candlestick is a candlestick whose body is less than 50% of its total candlestick range, this candle is usually small in size. This indicates that the price range between the open and close of this candle was relatively small, and that there was not a lot of volatility during that time period.
Boring Candles for - AZ - DZ #Breakout Analysis //@version=3 study("Boring Candle", overlay=true) candleColor = ( abs(open-close)/abs(high-low) > 0.5 )? (open < close ? green : red) : blue plotcandle(open, high, low, close, color = candleColor)