Three-Zone Candle — LABELS

Overview

Three-Zone Candle — LABELS prints a compact code on each bar that shows where the open and close occurred within three equal zones of the bar’s range (High→Low).
Zones: Top = 1, Mid = 2, Bottom = 3 → Code format: openZone-closeZone (e.g., 3-1).
Labels only. No bar recoloring. Non-repainting.

Color Legend

Green — Climbers & Bull Reversal: 3-1, 2-1, 1-1

Red — Drifters & Bear Reversal: 1-3, 2-3, 3-3

Gray — Uncertain/Balance: 3-2, 1-2, 2-2

Quick Read

Climbers (3-1, 2-1) → buyers gained control through the bar.

Drifters (1-3, 2-3) → sellers gained control through the bar.

Reversals (1-1, 3-3) → leadership flipped late in the bar.

Uncertain (3-2, 1-2, 2-2) → balance/indecision.

Inputs

Labels on last N bars (default 500; TradingView cap ≈ 500 labels/script).

Label offset (% of bar range) to keep tags clear on large candles.

Label size (tiny/small/normal/large).

Placement

Automatic: labels print above up bars and below down bars for clean spacing. Text shows the code only (e.g., 3-1).

How to Use

Scan sequences (e.g., repeated Climbers) for control continuity; watch Reversal prints at key levels.

Combine with Session Volume Profile (VAH/VAL/POC) and Footprint/Delta to confirm acceptance vs. rejection before acting.

For dense charts, trim N bars or increase offset for readability.

Notes

Works on any symbol/timeframe.

Performance-friendly; no external dependencies.

Labels only by design to keep charts clean.

Release

v1.0 — initial public version (labels only, code-only text, color-coded categories).