Percent Change in Candle from Open to Close

This gives a quick method of viewing the percentage or actual numerical change in a candle, from open to close, in any time period (this is not max and min on the period, just open and close). Currently, as far as I can see, this function doesn't exist on Tradingview.

I use this as a numerical sign of vigour in a trend and hence it acts as one filter for me on the decision to enter a position. e.g. a rise of 5% is more vigorous than 2%. I might use a filter of no entry if < 2% on the candle in the time period of interest.
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.

Want to use this script on a chart?


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