OPEN-SOURCE SCRIPT
Percentage Change Indicator
Percentage Change Indicator
This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market.
## Formula
The percentage change is calculated using the following formula:
```
Percentage Change = (Current Close - Previous Close) * 100 / Current Close
```
## Features
- Displays percentage change as a bar chart
- Green bars indicate positive changes
- Red bars indicate negative changes
- A horizontal line at 0% helps distinguish between positive and negative movements
## How to Use
1. Add the indicator to your chart
2. Observe the bar chart below your main price chart
3. Green bars above the 0% line indicate upward price movements
4. Red bars below the 0% line indicate downward price movements
5. The height of each bar represents the magnitude of the percentage change
This indicator can be particularly useful for:
- Identifying sudden price spikes or drops
- Analyzing the volatility of an asset
- Comparing price movements across different timeframes
- Spotting potential entry or exit points based on percentage changes
Customize the indicator's appearance in the settings to suit your charting preferences.
Note: This indicator works on all timeframes, adapting its calculations to the selected chart period.
This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market.
## Formula
The percentage change is calculated using the following formula:
```
Percentage Change = (Current Close - Previous Close) * 100 / Current Close
```
## Features
- Displays percentage change as a bar chart
- Green bars indicate positive changes
- Red bars indicate negative changes
- A horizontal line at 0% helps distinguish between positive and negative movements
## How to Use
1. Add the indicator to your chart
2. Observe the bar chart below your main price chart
3. Green bars above the 0% line indicate upward price movements
4. Red bars below the 0% line indicate downward price movements
5. The height of each bar represents the magnitude of the percentage change
This indicator can be particularly useful for:
- Identifying sudden price spikes or drops
- Analyzing the volatility of an asset
- Comparing price movements across different timeframes
- Spotting potential entry or exit points based on percentage changes
Customize the indicator's appearance in the settings to suit your charting preferences.
Note: This indicator works on all timeframes, adapting its calculations to the selected chart period.
Skript med en öppen källkod
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 publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.
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