High Low Bars in Color

26 בדצמ׳ 2022

High Low bars de-emphasize open and close levels, but sacrifice color. Because traditional candles use open and close to determine color, a new approach was needed. This script uses change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in hl2 .

Optional "frosting" markers are available for open ("+") and close("x").

Best used in combination with High Low Color Volume .