SHADOW METER — Indicator by issreza

Volatility shadow crash

This simple script is a very useful tool for studying the shadow in crypto-currencies.

Release Notes:

This simple script is a very useful tool for studying the shadow in crypto-currencies.

Release Notes:

This script is designed to be more sensitive to deeper shadows by implying candle total proportion and ignore small candle issue by multiplying candle length.

Release Notes:

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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