A custom TradingView indicator that highlights price candles based on percentage movements above or below predefined positive and negative thresholds.
Explore complementary indicator rolesHow it works
The Percent Movement Highlighter analyzes each candle's price movement relative to the previous day's closing price. Traders set custom positive and negative percentage thresholds that determine when a candle will be visually highlighted.
When a candle's movement exceeds the predefined thresholds, it is automatically colored green for upward moves or red for downward moves. The indicator simultaneously tracks and displays dynamic counters showing the number of positive, negative, and neutral candles encountered during the chart's progression.
Why it may be useful
This indicator provides traders with an immediate visual representation of significant price movements, allowing quick identification of market volatility and potential trading opportunities. By color-coding candles based on percentage thresholds, traders can rapidly assess market sentiment and price momentum.
The dynamic counter feature offers additional insight by quantifying the frequency of positive, negative, and neutral price movements. This helps traders understand the current market trend and make more informed decisions about potential entry and exit points.
When to explore it
The Percent Movement Highlighter is most effective in markets with clear directional movements and moderate to high volatility. It works well for traders seeking to quickly identify significant price changes without complex technical analysis.
Ideal for short to medium-term trading strategies, this indicator is particularly useful in markets like stocks, forex, and cryptocurrencies where rapid price movements can signal important trading opportunities. Traders can customize thresholds to match their specific risk tolerance and trading style.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
