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Indicator Candle Zone Price for TradingView

Indicator Candle Zone Price for TradingView

Original price was: $12.00.Current price is: $6.00.

A TradingView indicator to visualize price levels within a candle’s range based on a specified percentage is the “CAP” indicator. This indicator calculates a price level at a given percentage of the candle’s high-low range (e.g., 50% for the midpoint) and plots it as a horizontal line. Additionally, the “Titan Wick Zone” indicator highlights buy and sell zones based on candlestick wicks, helping to identify potential support and resistance areas. 

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Description

A TradingView indicator to visualize price levels within a candle’s range based on a specified percentage is the “CAP” indicator. This indicator calculates a price level at a given percentage of the candle’s high-low range (e.g., 50% for the midpoint) and plots it as a horizontal line. Additionally, the “Titan Wick Zone” indicator highlights buy and sell zones based on candlestick wicks, helping to identify potential support and resistance areas. 

Candle Average Price Indicator:
  • Functionality: Calculates the price level at a user-defined percentage within each candle’s range (e.g., 25%, 50%, 75%).
  • Calculation: Price = Low + (Percentage Level / 100) * (High - Low).
  • Averaging: Can average these price levels over a specified number of past candles.
  • Visualization: Plots a horizontal line at the calculated average price level, spanning from the specified number of candles ago to the current candle. 
Titan Wick Zone Indicator:
  • Functionality: Visually distinguishes buy and sell zones based on candlestick wicks.
  • Buy Zone: Fills the area below the candle body to the wick low in green, indicating potential support.
  • Sell Zone: Fills the area above the candle body to the wick high in red, indicating potential resistance.
  • Opacity Control: Allows for adjustable opacity to maintain chart clarity. 
How to use these indicators in TradingView:
  1. 1. Add the Indicator:
    Search for “Candle Average Price” or “Titan Wick Zone” in the TradingView indicator library and add it to your chart.
  2. 2. Customize:
    Adjust the settings, such as the percentage level for the “Candle Average Price” indicator and the opacity for the “Titan Wick Zone” indicator, to suit your preferences and trading style.
  3. 3. Analyze:
    Use the visualized price levels and wick zones to identify potential support and resistance areas, entry and exit points, and areas of price rejection. 

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