OPEN-SOURCE SCRIPT

CFR - Candle Formation Ratio

97
Description
This indicator is designed to detect candles with small bodies and significant wick-to-body ratios, often useful for identifying doji-like structures and potential accumulation areas.

Features
  • Filter candles by maximum body size (% of the total candle range).
  • Require that wicks are at least X times larger than the body.
  • Define the position of the body within the candle (e.g., body must be between 40% and 60% of the candle height).
  • Visual output: a single arrow marker when conditions are met.
  • Fully customizable marker color and size.

⚠️ Note: The settings of this version are currently in Turkish. An English version of the settings will be released in the future.

כתב ויתור

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